LETTER OF INTENTLetter of Intent • August 23rd, 2010 • Kensington Leasing, Ltd. • Services-equipment rental & leasing, nec • California
This Letter of Intent is made and entered into as of August 16, 2010, by and between KENSINGTON LEASING, LTD., a Nevada Corporation, whose common stock trades on the over-the-counter bulletin board under the trading symbol, “KNSL” (hereinafter referred to as ‘KNSL”), and WEALTHMAKERS, LTD., a privately held Wyoming corporation (hereinafter “WM”), and sets forth the basic terms and conditions by which KNSL will acquire 100% of the outstanding capital stock of WM held by its selling shareholders, subject to the consummation of a definitive agreement, as follows:
