LETTER OF INTENTLetter of Intent • June 24th, 2015 • FIGO Ventures, Inc. • Metal mining
The purpose of this letter is to set forth certain non-binding understandings between the FIGO Ventures Inc. a Nevada corporation traded on OTCQB under ticker symbol “FIGO”, (the “Purchaser or Company”) and Kashif Khan (the “Primary Sellers”), individually, with respect to the purchase of certain Color diamonds with a market value of US$4 Million from the Primary Seller and certain other selling individuals (collectively, with the Primary Seller, the “Sellers”) on the terms and conditions set forth below. Neither of the parties hereto shall have any rights and obligations with respect to the matters contained herein unless and until a definitive asset purchase agreement and all other agreements relating to the Purchase (collectively, the “Asset Purchase Agreement”) have been executed. The understanding is as follows:
