Termination of negotiations by Company prior to the execution and delivery of the Definitive Agreements shall be without liability and no Party hereto shall be entitled to any form of relief whatsoever, including without limitation, injunctive relief or damages. In order to induce Company to commit the resources, forego other potential opportunities, and incur the legal, accounting and incidental expenses necessary properly to evaluate the transaction, described above, and to negotiate the terms of, and consummate, the Transaction contemplated hereby, Mix agrees that up to July 5, 2013, Mix, or its affiliates and their respective officers, directors, employees and agents shall not initiate, solicit, encourage, directly or indirectly, or accept any offer or proposal, regarding the possible acquisition by any person other than Company, including, without limitation, by way of a purchase of shares, purchase of assets or merger, of all or any substantial part of its equity securities or assets, and shall not (other than in the ordinary course of business as heretofore conducted) provide any confidential information regarding the Mix Assets or business to any person other than Company and its duly appointed representatives. The undersigned agree to the terms of the Transaction as set forth above and each agree to cooperate in the negotiation, preparation of such Definitive Agreements, and other necessary documentation contemplated by the Transaction and agree to execute any and all documents consistent with the above terms to facilitate the consummation of such Transaction on or before July 5, 2013.Īll costs and expenses incurred by Company or Mix in connection with the continued negotiation of the Transaction shall be borne by the incurring Party. All such requests for access under this Section shall be delivered via email to an authorized agent or via facsimile to Mix.
Sample mou for business collaboration india full#
Mix shall give Company and its representatives full access to any personnel and all properties, documents, books, records and operations relating to the Assets within a reasonable amount of time from the date of any such request, but in each such case within ten (10) business days from the date of request. The obligations of Company, with respect to the Transaction, shall be subject to the satisfaction of the conditions customary to transactions of this type, including without limitation: (a) confirmation that the representations and warranties of Mix are true and accurate in all respects affecting the transaction and, (b) satisfactory completion of due diligence by Company.Īccess to Relevant Documents and Properties. Within 5 business days of the signing the Definitive Binding Agreement Mix will be issued Two Million Five Hundred Thousand (2,500,000) newly issued shares of common stock in the Company.Ĭonditions to Consummation of the Transaction. The Parties contemplate that the principal terms and conditions of the Transaction shall be as follows:Ĭash: Within 5 business days of signing this Agreement, the Company and Mix will enter into a Definitive Binding Agreement and upon executing such agreement, Mix will receive One Hundred and Twenty thousand dollars ($120,000) USD as a refundable cash deposit towards the purchase of Assets. Company desires to acquire 100% of the Assets that will be owned by Mix and Mix desires to sell those Assets to the Company. The following shall constitute an expression of the mutual intent of the Parties hereto and is contingent upon the successful negotiation, execution, and delivery of definitive agreements between Mix and the Company setting forth in detail the terms and conditions of the proposed transactions and agreements (the ∽efinitive Agreements).
The general understating of the terms and conditions of the Transaction are set forth herein. This MOU contemplates the proposed transaction (the Transaction) between the Parties that provides for Company to acquire all of the Assets controlled or yet to be controlled by Mix. Mix desires to sell the Assets, and Company desires to purchase all of the Assets from or controlled by Mix, and acquire full rights to market and sell such Assets and conduct business activities with the Assets. Mix is the owner of the Mix1 Assets (the ∺ssets) described very specifically in Schedule ∺ attached hereto. This MOU sets forth the general terms and conditions for an Asset Purchase, to which the Company and the Mix have jointly agreed.
(Mix and Company may individually referred to hereinafter as Party collectively referred to hereinafter as the Parties). This Memorandum of Understanding (MOU), dated June 28 th, 2013, is by and between PDK Energy, Inc., a Mississippi Corporation (∼ompany) and Mix1, LLC, an Arizona Limited Liability Company (Mix).
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