Letter of IntentNon-Definitive Agreement • May 9th, 2022 • Dr. Foods, Inc. • Blank checks
The following represents a summary of the terms of a collective proposal regarding an acquisition by Dr. Foods, Inc., a Nevada corporation (“DRFS” or the “Company”), or by its wholly-owned subsidiary, Dr. Foods Co., Ltd., of one hundred percent of the issued and outstanding stock (100%) of Mama Foods Co., Ltd. (“MAMA”), a Japan corporation, from White Knight Co., Ltd. (“WKC”), a Japan corporation. The sole shareholder of MAMA is WKC. WKC is owned and controlled by Koichi Ishizuka. Koichi Ishizuka is Chief Executive Officer, Chief Financial Officer, and Director of DRFS, MAMA, and WKC.
