LANS HOLDINGS, INC. Penthouse Menara Antara No 11 Jalan Bukit Ceylon Kuala Lumpur, MalaysiaLans Holdings, Inc. • November 19th, 2014 • Textile mill products
This letter of intent is to confirm our agreement in principle to proceed to negotiate in good faith a definitive licensing agreement (the “Licensing Agreement”) between Lans Holdings Inc., (“Lans”, a publicly traded corporation being referred to herein as the “Licensee”), PayFlex Systems, (“PayFlex”), and Trevor Allen (“Trevor”) (and, together, PayFlex, and Trevor are referred to herein as the “Licensor”) for the Exclusive Worldwide Rights by the Licensor to the Licensee of all of the codes, patent and intellectual rights of the Licensor used in the business of PayFlex which is a payment processor.(the “Worldwide License”) The Worldwide License is three fold:
