LETTER OF INTENTLetter of Intent • November 6th, 2018 • TransBiotec, Inc. • Periodicals: publishing or publishing & printing • Colorado
This Letter of Intent (“LOI”) is intended to set forth the basic terms and conditions under which the First Capital Holdings, LLC or its assigns (“FCH”), will enter into an agreement with TransBiotec, Inc. (“TRANSBIO”) in which FCH will exchange all of its right title and interest in and to the Gamma Assets and certain other contractual rights and agreements (“EXCHANGE ASSETS”) for 60% (on a fully diluted basis) of the common stock (“SHARES”) of TRANSBIO. TRANSBIO and FCH shall collectively be referred to as the “Parties.” The Parties intend to enter into a Definitive Agreement that contains the following provisions and that contains other customary representations and warranties.
