August 7, 2012Strictly Confidential • August 8th, 2012 • St Joseph Inc • Services-employment agencies • Hong Kong
This letter serves as a non-binding letter of intent between Karavos Holdings Limited (collectively “we” or the “Arranger”) and St. Joseph, Inc. (the “Company”), a corporation established under the laws of the State of Colorado, United States and having a place of business at 4870 S. Lewis, Suite 250 Tulsa, OK, United States whereby the Arranger hereby proposes to the Company to procure acquisition of not less than 80% of the issued share capital on a fully diluted basis in the Company, by way of subscription of new shares and/or (if thought desirable) derivative instruments convertible into shares of the Company, together with all rights, benefits and interests thereof or arising therefrom or in connection thereto, and free from liens, charges, encumbrances or third party rights by a US corporation (“Investor”), in consideration for which we shall procure the Investor to transfer and assign of all its beneficial interests (“Business Cos Interests”) of and in a group of limited liabili
