Solar Silicon Resources Group Pte LtdLetter of Agreement - Solar Business Acquisition • June 10th, 2014 • Magnolia Solar Corp • Services-business services, nec • New York
In accordance with our recent discussions, it gives me great pleasure to present to you this Letter of Agreement (“LOA”) setting forth the basic terms under which Magnolia Solar Corporation (“Magnolia”) will acquire the solar silica assets of Solar Silicon Resources Group Pte Ltd (“SSRG” or the Company”) and then merge their business interests. At the completion of transaction SSRG own a majority interest in the publicly listed entity, Magnolia Solar Corporation.
