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Merger
Term Sheet Ladies and Gentlemen: This letter agreement sets forth our agreement and understanding as to the essential terms of the sale to ___________________ (the "Purchaser") by ________________ (the "Seller") of the Seller's business (the "Business") 1. Purchased Assets. At the closing, the Purchaser will purchase the following assets associated with the Business: 2. Assumed Liabilities. The Purchaser will assume the following liabilities: 3. Purchase Price. The purchase price will be ______________________., payable in cash in immediately available funds on the closing date. Adjustments to the purchase price may be made for the following reasons: 4. Means of Payment. The purchase price will be paid as follows: 5. Conditions to Obligation. The Purchaser and the Seller will be obligated to consummate the acquisition of the Business unless: 6. Other Terms and Conditions: Very truly yours,
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