LETTER OF INTENT By and Amongst FLORIDA BEAUTY EXPRESS INC. FLORIDA BEAUTY FLORA INC. FLORAL LOGISTICS OF MIAMI INC. FLORAL LOGISTICS OF CALIFORNIA INC. TEMPEST TRANSPORTATION INC. (“Florida Beauty”) And REAC Group, Inc.Letter of Intent • December 20th, 2019 • Reac Group, Inc. • Real estate agents & managers (for others) • Florida
This Binding Letter of Intent (“LOI” or “Agreement”) confirms our preliminary discussions regarding a proposed Share Exchange and Purchase Agreements for all assets, trade secrets, intellectual property, and proprietary information of Florida Beauty Companies (“Florida Beauty”) by REAC Group, Inc., a Florida Corporation, (“the Company”). This LOI is intended to be a binding expression of the current understanding of the parties regarding the terms of the proposed transaction, except as otherwise set forth herein, to be incorporated into and superseded by the execution of the Definitive Documentation as set forth in Section 1 & 2 below, the date of execution being the formal date of the closing of the contemplated transaction (“Closing” and/or Closing Date”). The Definitive Documentation will include such additional terms, conditions, representations and warranties and undertakings as mutually agreed to by the parties. Except as provided in Paragraphs 7 and 8 below, no legally binding o
