Non-Binding Letter of Intent Clause Samples

Non-Binding Letter of Intent. This letter is not intended as a contract, but merely as a statement of the intentions and undertaking of the parties except as set forth in Paragraph 9, the terms hereof and the transaction will be binding upon the parties only in accordance with the terms contained in the Joint Venture Agreement, if, as, and when such Joint Venture Agreement has been duly authorized and executed by the parties. If the foregoing terms are acceptable to you, please so indicate by signing and dating the enclosed copy of this letter and return it to the undersigned. Very truly yours, AMA FUNDING CORPORATION By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ ---------------------------- Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Vice President THE CAREPLEX GROUP, INC. By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ ---------------------------- Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: General Counsel/ Executive VP AGREED: NETWEST DEVELOPMENT CORPORATION By: /s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ---------------------------- Name: ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ Title: President Date: December 11, 1995 [LETTERHEAD OF CAREPLEX] ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇. ▇▇▇▇▇▇▇▇▇ ▇. Kuhn President Netwest Development Corporation ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ RE: Care/Matrix/Amber Lights - Tucson, Arizona Dear ▇▇▇▇▇: Reference is hereby made to that certain Letter of Intent dated December 18, 1996 by and between Netwest Development Corporation ("Netwest") and AMA Funding Corporation ("AMA") related to the above-referenced project, as amended (the "LOI"). Reference is further made to Paragraph 1 of the LOI with respect to the Joint Venture Agreement. This letter shall confirm that the Joint Venture Agreement Date has been extended to August 30, 1996. In addition, reference is further made to Paragraph 8 of the LOI with respect to Access and due Diligence. This letter shall confirm that the Access and Due Diligence Date is hereby extended to August 30, 1996. This letter shall also confirm that Care Matrix has funded $65,894.12 to cover the initial architectural/engineering and due diligence related expenses for the project. Prior to additional funding and prior to the execution of the Joint Venture Agreements Care Matrix and Netwest shall agree to a mutually acceptable preliminary development budget and pre-construction drawn down schedule for future disbursements by July 31, 1996. If the foregoing change is acceptable to you, please acknowledge your acceptance by signing below and returning a copy to me. Except as modified hereby, all other terms and provisions of the LOI shal...

Non-Binding Letter of Intent. Except for Sections 6, 7, 8 and 9 hereof, this letter is an expression of interest only and is not intended to be a binding letter of intent, and the general principles set forth in this letter shall not constitute an agreement to consummate the transaction described herein. Upon the satisfactory completion of the due diligence investigation by each of the parties hereto as described in Section 6 hereof which confirms each party's intent to consummate the transaction for the purchase price described in Section 2 hereof, the parties will proceed to use their best efforts to negotiate the definitive terms of this transaction and enter into a formal and binding agreement (the "AGREEMENT") which sets forth such representations, warranties, covenants, indemnifications and other provisions as are acceptable to the parties in their sole discretion. This letter of intent is not an agreement to enter into any definitive agreement.

Non-Binding Letter of Intent. This Letter of Intent is not meant to be contractually binding and neither party will be contractually bound until Prospective Buyer, Builder and Seller execute an Agreement. From the date of acceptance of this Letter of Intent, ▇▇▇▇▇▇ agrees not to negotiate with any other parties with regards to the Property until the termination of this Letter of Intent pursuant to Section 11 below.

Non-Binding Letter of Intent. THIS NON-BINDING LETTER OF INTENT (the “Agreement”) entered into October [__], 2021 sets forth certain non-binding understandings and certain binding covenants with respect to the possible purchase of the ownership interests in certain entities Mango Tell LLC, owned by ▇▇▇▇ Holdings, LLC, a New York limited liability company located at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ and SDI Black 011, LLC, a New York limited liability company located at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ( hereinafter collectively “Seller”) by Cuentas, Inc., a Florida corporation located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Buyer”).

Non-Binding Letter of Intent. Except for Sections 6, 8, 10, 11, 12, 13, 14, 15 and 17 hereof, this letter is an expression of interest only and is not intended to be a binding letter of intent, and the general principles set forth in this letter shall not constitute an agreement to consummate the transaction described herein. Upon the satisfactory completion of the due diligence investigation described in Section 10 hereof to Buyer's sole satisfaction and which confirms the Buyer's intent to consummate the transaction for the purchase price described in Section 1 hereof, the parties will proceed to use their best efforts to negotiate the definitive terms of this transaction and enter into a formal and binding agreement (the "Agreement") which would set forth such representations, warranties, covenants, indemnifications and other provisions as are acceptable to the parties in their sole discretion. This letter of intent is not an agreement to enter into any definitive agreement.

Non-Binding Letter of Intent. Except for Sections 5, 6, 12, 13, 14, 16, 19, 20 and 21 hereof, this letter is an expression of interest only and is not intended to be a binding letter of intent, and the general principles set forth in this letter shall not constitute an agreement to consummate the Business Combination described herein. The parties will proceed to use their best efforts to negotiate the terms of and enter into the Agreement. This letter of intent is not an agreement to enter into any definitive agreement.

Non-Binding Letter of Intent. This Letter of Intent, while setting forth the interests of the parties with respect to the Proposed Transaction, is not intended to and shall not (save and except for sections 4, 5, 6, 7, 8, 9 and 10 hereof) constitute a legally binding agreement between ▇▇▇▇▇ and MediaXP. Any obligations of ▇▇▇▇▇ or MediaXP with respect to the subject matter of this Letter of Intent (other than with respect to sections 4, 5, 6, 7, 8, 9 and 10 hereof) shall be conditional upon the execution and delivery of the Definitive Agreement on terms and conditions satisfactory to each, in their respective sole discretion. For greater certainty, sections 4, 5, 6, 7, 8, 9 and 10 hereof shall constitute legally binding agreements between the parties with respect to the subject matter of those provisions.

Non-Binding Letter of Intent. The Board of Directors of the Company wishes to further announce that the Company had on 17 May 2017 entered into a non-binding letter of intent (“LOI”) with Grand Harvest Resource Holdings Limited (“Vendor”) and ▇▇▇▇ ▇▇▇. Pursuant to the LOI, the parties intends to explore for the Vendor to grant to the Company a call option to acquire up to 65% of the equity interest in ZP (the “Call Option”) and in the event the Company decides to exercise the Call Option, the Company will consider the option of satisfying the exercise price by issuing such number of ordinary shares in the share capital of the Company at an issue price to be agreed and determined by the parties. This is in line with the Company’s intention to consider future investment in ZP as announced by the Company in the Announcement. The parties intend to engage in further negotiations on the terms of the transactions with a view to entering into a definitive agreement. Meanwhile, the Company has performed preliminary due diligence and evaluation on the potential of ZP and its business in the growing green energy industry in the People’s Republic of China and will continue to explore the feasibility of the potential acquisition and to monitor ZP’s financial results.

Non-Binding Letter of Intent. 11.1 Except for this paragraph 11, and paragraphs 5, 6, 7, 8 and 9 which are intended and expressly agreed by the Parties to be binding on the Parties, this LOI is not intended to otherwise create legal obligations between the Parties. The Parties intend to continue negotiations with a view to preparing and concluding the Purchase Agreement and the Transaction.