ࡱ> Root EntryRoot Entry F@wFk&Data c1Table:jPMacros wFk@wFk9zk  !"#$%&'(*+,-./012345678l;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abdefghijnmopqrstuvwxy{|}~CompObj jObjectPool@wFk@wFkWordDocument)1MSDigSig(Author)$@SummaryInformation( 0)DocumentSummaryInformation8 VBAwFkvwFkPROJECT   !"#$%&'()*+,-./0123456789:;=>?@ABCDEFGHIJKLMNPRSUWXYZ\]_`abcdefghijklmnopqrsuvwxyz{|}~՜.+,D՜.+,d  px  //  (Letter of Intent to Purchase a Business Title 8@ _PID_HLINKSA`6:msbp://-r:1A50C19A/  FMicrosoft Word Document MSWordDocWord.Document.89qThisDocumentThisDocumentAutoNewAutoNewID="{045AE604-8403-11D2-9E40-00C04FB160FE}" Document=ThisDocument/&H00000000 Module=AutoNew Name="TemplateProject" HelpContextID="0" VersionCompatible32="393222000" CMG="10128FB593B593B7Oh+'0)  @L h t  (Letter of Intent to Purchase a BusinessettMicrosoft Corporationrcicr letter07.dotporMicrosoft Corporationrc11rMicrosoft Word 9.0o@@Bjm@}c@̵ G@'VT$mf &WordMicrosoft Word   @Times New Roman*wgw y -  2 w @"Tahoma 6!w*wgw 6 -.2 w Robert Tower, President    2  o '(2 w The Tower Mart Inc.    2  h '2 Kw  25 Glen Blvd.   2 K7 5 '+2 w Arlington Heights, IL      2  r '@"Tahoma !w*wgw - 2 w  '@Century7 M!w*wgw7 M -2 "w  Dear Bob:0!  2 "9 e2 w< Thanks for meeting with me again last week. I continue to be  %  !  %    !     82   interested in purchasing the      2 w^ assets of Tower Mart, Inc. If we reach an agreement regarding my purchase, I plan to transfer   ! (   !   %   %       2 wU these assets to a new corporation that I am forming. My new company would then run a t    !     % %  ( ! % !     R2 gw/ convenience store similar to what you are curre    %   !   "2 g ntly operating.r    2 g4 2 wb I am interested in purchasing the following assets: the inventory, fixtures, equipment, leasehold  %       !        %   2 w] improvements, and business name. In addition, I will need all necessary licenses and permits h %%    %      !      %  U2 ew1 transferred to me. I will expect you to give me a  %  !      % S2 e0 covenant not to compete stating that for three    %      2 wb years, you will not open a similar store in our city. The purchase price for all of the assets as   !     %                 2 w] well as the good will and your covenant not to compete would be $150,000, as we have already s!    !      % !      !    2 :w  discussed. o  2 :G 2 w As ans 2 [ indication of my good faith in pursuing this matter, I am enclosing a check for $1,000 as y     %         %  %          2 w] earnest money. I would pay an additional $49,000 in cash at closing. The balance of $100,000  %  !                     w2 8wH would be amortized in equal monthly installments over a period of 10 yea!   %    %   %       /2 8 rs with interest at the  !     ,2 w rate of 10% per annum.  #  % 2 @ 2 wb Regarding the inventory, we will check this at the time of closing. If the inventory is valued at     ! !       %            2 6wX less than $45,000, the purchase price would be reduced accordingly. Also, as we already         !          !   .2 }w discussed, your corpora   z2 }>J tion would remain responsible for all liabilities of the present business   !  %               [2 w5 and these would not be assumed by my new corporation.  !    %  % !   2  2 4w] Before I have my lawyer draft a sales agreement, there are some things I need to investigate:   % !     %   %        2 4 2 w 1. 2  .(>2 " I want to meet with your landlord  !  % !     a2 a9 to make sure that I can take over the existing lease and  %              'g2 = that I can get an option to extend it for another five years.               2 - . '2 \ w 2. 2 \  .(2 \ Y I need to have my accountant review all of your tax returns and business records for the a    %   !             'S2 0 past five years so that I can satisfy myself reg          %  F2 ;' arding the financial condition of your y            '2   business.e  2 t . '2 Z w 3. 2 Z  .(2 Z ] I want to make sure that the state liquor board will approve a transfer of the beer and wine  !  %       !        !   'C2 % retail license to my new corporation.   % !   2  . '}2  wL Assuming that I am satisfied with these items and all other aspects of the p%    %    !   %       )2  1 roposed purchase, I    2 Y w] will have my lawyer draft a sales agreement and then we can close approximately 45 days from !  % !     %   !     %    % 2 w now.! 2  .System    -                           05 *H &0"10 *H 0g +7Y0W03 +70%7)O•0 0 *H `AN`χj&?00)ъĽ5ǛSV0  *H 010U VeriSign Trust Network10U VeriSign, Inc.1,0*U #VeriSign Time Stamping Service Root1402U +NO LIABILITY ACCEPTED, (c)97 VeriSign, Inc.0 970512070000Z 991231070000Z010U VeriSign Trust Network10U VeriSign, Inc.1,0*U #VeriSign Time Stamping Service Root1402U +NO LIABILITY ACCEPTED, (c)97 VeriSign, Inc.00  *H 0. h|,-.  WSu3* [4 Z%}XsjxqX)X^-bXq"X/6MJ;"V~!lJGj6 -Ӵ90  *H :>{թy=q#+(ߌe,ZbVkbEƢ5"r-| CMlX 5ʉp*}a qfbB="2"d$006C!FXF%`0  *H 010U VeriSign Trust Network10U VeriSign, Inc.1,0*U #VeriSign Time Stamping Service Root1402U +NO LIABILITY ACCEPTED, (c)97 VeriSign, Inc.0 970512070000Z 991231070000Z01'0%U VeriSign Time Stamping Service10U VeriSign Trust Network1402U +NO LIABILITY ACCEPTED, (c)97 VeriSign, Inc.10U VeriSign, Inc.10UInternet00  *H 0aGܴ^i b1FI:?xZcEO n06- o' Q`5OTOз,B Ѝ^㖴"IBlӘV.:X"e匫xGBh[-}0  *H m`_i{p+b#D Q#tI'\q5+ൖ苧KsH ڋ %VNGWF8V!&;-%2Λ@GmGv0;~*1+ݰUApF-,~0 0 yfnжneq0  *H 0a10UInternet10U VeriSign, Inc.1301U *VeriSign Commercial Software Publishers CA0 980416000000Z 990416235959Z0]10UInternet10U VeriSign, Inc.1301U *VeriSign Commercial Software Publishers CA1F0DU =www.verisign.com/repository/CPS Incorp. by Ref.,LIAB.LTD(c)961>0<U 5Digital ID Class 3 - Microsoft Software Validation v21 0 UUS10U Washington10URedmond10UMicrosoft Corporation10U Microsoft Corporation0 0  *H  0&dm{AO o*q.S26h5IؖeS zpm̳*02X|k%gw #1_0[0u0a10UInternet10U VeriSign, Inc.1301U *VeriSign Commercial Software Publishers CAyfnжneq0 *H 0 *H  1  +70 +7 10  +70 *H  1hQ?.J?-0 +7 1~0|:8Letter of Intent to Purchase>*B*CJph0J5 0J5>* 0J$B*phjU jU<,< vvvpg "$$Ifa$"$If"$$dIfN#$$dIfN!$If $IfX$$Ifl)0*04 la$If kl<=>?ghiYWUUU:$$Ifl)0*   4 la$If$IfX$$Ifl)0*04 la"$If  / w1vuT_`klm h  >LP R&/ 0&P/R / =!"#$8%PROJECTwm AdirAutoNew t__SRP_0^D% i0@0 Normal_H mH sH tH || Heading 17$ & F hRd8<1$@&^R` 5;CJKHOJQJhtH uhh Heading 24$ & F 8d8<@&^`5CJOJQJdd Heading 34$ & F "d8<@&^"` CJOJQJdd Heading 44$ & F @ d8<@&^` CJOJQJbb Heading 51 & F  L>d8<@&^L`> CJOJQJbb Heading 61 & F x >d8<@&^ `> CJOJQJbb Heading 71 & F Hv d8<@&^v ` CJOJQJff Heading 81 & F  d8<@&^ `6CJOJQJf f Heading 91 & F F d8<@&^F `6CJOJQJ<A@< Default Paragraph Font,, Header  !^^ Temp Normal 2 >LVd]VCJOJQJhtH u@@ temp Check box  & F5KH(hO"h temp Header# LVd8<-D 1$]V5B*CJOJQJhtH u\2\ Temp Header1 LVd]V5CJOJQJhtH u@1B@ Temp Header 2Zd\]Z;H1RH Temp Header Total$ La$5rbr Temp Header3,Vd$d%d&d 'd-D]V5B*CJOJQJhtH urOrr Temp_Letter body. >LP R&@Vd]VOJQJhtH ulOl Temp_Letter List( & F h>LVd]VOJQJhtH ubOqb Temp_Letter_addressd8x P 5CJOJQJ,, TempNormal 1HV@H FollowedHyperlink5>*B*CJOJQJO Product title4 R&@Zd\$d%d&d'd-D]Z5<B*CJ OJQJhtH uB1B Temp_Fill in_Bold&d(dDD Temp_Fill in_Light ^50Z0 Plain TextOJQJrOr NonPrint_heading Vd%d'd-D ]V5<B*CJOJQJhtH ulOl NonPrint_Hyperlink !Vd%d'd-D ]V5<B*CJOJQJ^O"^ NonPrint_text "Vd%d'd-D ]V<B*CJOJQJ@O2@ NonPrint_TemTitle#d\CJ(U@A( Hyperlink>*B*m,<=>?ghi/ w 1 v u T_`n 0!!#"""0"""0000   0m <m l ,OmX8@0( p'}0x[O0Α B S  ? _Hlt419173034+n+nnhfjnJim Kim\\PEREGRINE\BS99WORK\a-kanraj\SMALL BUSINESS BS\SBS_US\SBS Templates\Word Templates\Letter of Intent to Purchase a Business.dotJim Kim\\PEREGRINE\BS99WORK\a-kanraj\SMALL BUSINESS BS\SBS_US\SBS Templates\Word Templates\Letter of Intent to Purchase a Business.dotJim Kim\\PEREGRINE\BS99WORK\a-kanraj\SMALL BUSINESS BS\SBS_US\SBS Templates\Word Templates\Letter of Intent to Purchase a Business.dotJim Kim\\PEREGRINE\BS99WORK\a-kanraj\SMALL BUSINESS BS\SBS_US\SBS Templates\Word Templates\Letter of Intent to Purchase a Business.dot Mike WassonsC:\MyDocuments\Vss mega backup\Templates we'll ship with\Word Templates\Letter of Intent to Purchase a Business.dotGordana Josipovic6C:\VSSTEMP\Letter of Intent to Purchase a Business.dotPrasanna Samarawickrama:C:\VSS_WORKING\Letter of Intent to Purchase a Business.dotA-TCHU>C:\windows\vsswork\Letter of Intent to Purchase a Business.dotMicrosoft CorporationhC:\WINDOWS\DESKTOP\Working on these Templates\Word Templates\Letter of Intent to Purchase a Business.dotMicrosoft Corporation'C:\Office2000\a-noellm8134\letter07.dot ^߰MzI)^I\ ):&e֔;-_' nD 5 l vr<6$ll/= b@"K,)JN bPJ -Wa^`.h^`CJOJQJo(.8^`.^`.p@ ^p`56OJQJo()@  ^@ `()x^`()^`()^`()^`()hh^h`.h^`CJOJQJo(.8^`.^`.p@ ^p`56OJQJo()@  ^@ `()x^`()H^`()^`()^`()h^`CJOJQJo(.8^`.^`.p@ ^p`56OJQJo()@  ^@ `()x^`()^`()^`()^`()h^`CJOJQJo(.8^`.^`.p@ ^p`56OJQJo()@  ^@ `()x^`()H^`()^`()^`()h^`CJOJQJo(.8^`.^`.p@ ^p`56OJQJo()@  ^@ `()x^`()^`()^`()^`()hh^h`o(.hh^h`CJOJQJo(.hh^h`56CJOJQJo(%hh^h`CJOJQJo(.hh^h`o(.b@bPl/=):&zI);-_'vr<D 5^I\ -WD 5D 5D 5D 5D 5D 5D 5D 5D 5)JN -W)JN =>ghnSign!, !!0 *H 010 *H 0R +7D0B0 +7a LoOȗ0 0 *H mKx0500  *H 0a10UInternet10U VeriSign, Inc.1301U *VeriSign Commercial Software Publishers CA0 960409093559Z 991231093558Z0a10UInternet10U VeriSign, Inc.1301U *VeriSign Commercial Software Publishers CA00  *H 0ieRT(bTUDEJ;~Ȁ k)vsb<ulMԘisbN1 }GQod5}gwQ>wCʣA="HH0  *H 10o#&mvh*(K󉰙2[{ls$ D}xKO200$_)ȡXu9`EލW Ɲ6tk|ҥ*j~۩+"00)ъĽ5ǛSV0  *H 010U VeriSign Trust Network10U VeriSign, Inc.1,0*U #VeriSign Time Stamping Service Root1402U +NO LIABILITY ACCEPTED, (c)97 VeriSign, Inc.0 970512070000Z 991231070000Z010U VeriSign Trust Network10U VeriSign, Inc.1,0*U #VeriSign Time Stamping Service Root1402U +NO LIABILITY ACCEPTED, (c)97 VeriSign, Inc.00  *H 0. h|,-.  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