Boca Raton, Fl. 33431 January 11, 2017 Board of Directors Grom Holdings, Inc. Boca Raton, FL 33431 Re: Plan of Share Exchange Between Illumination America, Inc. and Grom Holdings, Inc. Dear Mr. Marks:Illumination America, Inc. • January 17th, 2017 • Electric lighting & wiring equipment
This letter is intended to express the general terms of the Plan of Share Exchange to be formalized between Illumination America, Inc., a publicly-held Florida corporation ("IAI") and Grom Holdings, Inc., a privately-held Delaware corporation ("Grom"). The objective of our discussions has been the execution and consummation, as soon as feasible, of formal Agreements between the parties hereto (the "Exchange Agreements") which, among other things, would provide for the various matters set forth below.
