LETTER OF INTENTPrecious Investments, Inc. • April 24th, 2018 • Metal mining
The following Letter of Intent sets forth the terms upon which (i) Precious Investments, Inc., located at 170 Traders Blvd. East, Mississauga, ON L4Z 1W7, a Nevada corporation ("Precious"), will acquire (the "Acquisition") 100% of the issued and outstanding shares, and assumption of debts, of Recommerce Systems, Inc., located at 2110 Fifth Avenue, Ronkonkoma, NY, a Delaware corporation ("Recommerce" or the "Company"), and (ii) [Secured Lender] ("Lender") will (a) make a loan to Precious, the proceeds of which will be loaned by Precious to Recommerce prior to the Acquisition, and (b) make an equity investment in Precious upon the closing of the Acquisition (collectively, the "Contemplated Transactions").
