LETTER OF INTENT FOR A JOINT VENTURE AGREEMENT
Date: _______________________
From (Sender) To (Recipient)
Name:
Address:
City, State, Zip Code:
Name:
Address:
City, State, Zip Code:
Dear Sir/ Madam,
RE: INTENT TO FORM A JOINT VENTURE AGREEMENT
I write on the above reference pertaining our proposed Joint Venture agreement.
As per our discussions and agreement, the Joint Venture agreement shall bear CMO, COO and
CTO terms as hereunder:
The CMO and COO terms are:
10k buy in for 15% shares, there are 100k total shares;
The agreement’s maturity term is 18 months starting January 1st 2023 to June 30th 2024;
and
The Joint venture agreement shall be revised at the end of the maturity date in 2024.
The CTO terms are:
10k of services for 10% shares of “Vibin” to develop and maintain version 1 & PPA
(preferred partner app) available to download via ios and android by January 31st 2023;
Complete version 2 by May 1st 2023; and
Unlock another 5% at the maturity date.
The subject Joint Venture agreement shall be prepared within 20 days of this letter, we therefore
need to finalize on any pending issues.
Kindly note that this letter of intent is an expression of our desire to enter into a Joint Venture
agreement; it represents the basic terms therein. It is non-binding and subject to the Joint Venture
agreement that will be prepared for our benefit.
If you are agreeable to the aforementioned terms, please sign and return a duplicate copy of this
Letter of Intent.
Sender’s Signature: ____________________ Date: _______________
Recipient’s Signature: ____________________ Date: _______________
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