Letter of intent

LETTER OF INTENT

 

 

This Letter of Intent made and entered into this day of, 2004, by and between Wed Securities, a corporation duly organized and existing under the laws of US, having its principal office and place of business at ADDRESS (hereinafter referred to as WMS) and Ko M&A co., LTD., a corporation organized and existing under the laws of the Republic of Korea, having its principal office and place of business at 8^th floor, Kwork bldg, AA-Gu, Seoul, Republic of Korea (hereinafter referred to as KMNA).

 

RECITALS

 

WHEREAS, WMS has long been engaged in the industrial investment as investment bank in US; and

 

WHEREAS, WMS has acquired and possesses valuable information on the industrial investment and US financial systems; and

 

WHEREAS, WMS has the interest in Korean Mergers and Acquisition market and hopes to invest valuable Korean companies; and

 

WHEREAS, KMNA has been engaged in the Mergers and Acquisition agency and industrial investment in Korea; and

 

WHEREAS, KMNA desires to make relationship with WMS and raise private equity fund for investing in Korean listed companies;

 

NOW, THEREFORE in consideration of the mutual premises and covenants hereinafter, the parties agree as follows;

 

1.       The parties shall cooperate to organize and raise private equity fund for M&A substantially in Republic of Korea. And the parties shall also use their best effort to complete negotiation for the raise of private equity fund.

2.       This LOI shall continue in full force and effect for six(6) months commencing on the date of this LOI and shall be extended for successive period agreed on by the mutual covenants of the both parties.

 

IN WITNESS WHEREOF, the parties herein have caused this LOI to be executed by their respective officers as the date first written above.

 

 

For

 

 

For