CONFIDENTIAL and BINDING LETTER OF INTENTSkyline Medical Inc. • August 2nd, 2017 • Orthopedic, prosthetic & surgical appliances & supplies • Delaware
The purpose of this binding letter (the "Letter of Intent") is to set forth an understanding between and among CytoBioscience, Inc., a Delaware corporation (the "Prospective Seller"), and Skyline Medical, Inc., a Delaware corporation (the "Prospective Buyer"), with respect to a merger with Prospective Seller with and into a newly formed, wholly owned subsidiary of Prospective Buyer ("Merger Sub"). The foregoing is collectively referred to as the “Transaction.”
