DREAM TANK COLLECTIVE LLC
LETTER OF INTENT TO INVEST
This Investment Letter of Intent (the “Letter of Intent”) represents the primary terms for an
agreement that shall be considered binding. After this Letter of Intent has been made, a formal
agreement may be constructed to benefit the parties involved.
- The Investor: ___________ (the “Investor”)
- The Investment: ___________ (the “Investment”)
- Investment Amount: $ ________ (the “Investment Amount”) shall be
payable on the closing date. - Principal Members: _________________ (the “Principal Members”) are
the main shareholders or owners of the Investment. - The Transaction: The Investor will enter into an agreement with the Principal Members
of $ 1,000,000 for 15 % equity in the Company. - Structure. To facilitate a closing, all parties agree to do their best efforts to formulate a
formal agreement or Closing that:
a. Complies with all federal, State, and local regulatory requirements;
b. Minimize or eliminate any adverse tax consequences; and
c. Be as cost-effective as possible. - Access to Information. After executing this Letter of Intent, the Investor and its advisors
shall have full access to any and all information about the Investment. The Investor shall
maintain a fiduciary duty to keep the information that it obtains confidential and agrees
not to share with any third (3rd) party unless the Principal Members give their written
consent. - Return of Materials. Any information obtained by the Investor through the Principal
Members shall be returned if a formal agreement cannot be reached. - Investment Conditions. It shall be the Investor’s obligation to review all materials
provided and, subject to the Investor’s satisfaction, enter into a formal agreement within
__ days after receiving all necessary materials.
Besides, the conditions of the Investment include:
a. The review and approval of all materials in the possession and control of the Principal
members;
b. The Investor and its advisors have had a reasonable opportunity to perform the searches
and due diligence to their satisfaction; and
c. The Investor can communicate with necessary clients, customers, vendors, tenants, or
other third (3rd) party necessary.
- Closing Date. The Closing (the “Closing”) is the act of closing the transaction where the
Principal Members exchange the Investment for the Investment Amount. The Closing
shall occur on ___________ at _____________ (enter
venue). - Closing Costs. All Parties shall bear their closing expenses.
- Confidentiality. All negotiations regarding the Investment between the Investor and
Principal Members shall be confidential and not be disclosed to anyone other than
respective advisors and internal staff of the parties and necessary third (3rd) parties. No
press or other public release will be issued to the general public concerning the proposed
Investment without the mutual consent or as required by law. Only upon prior written
notice to the other party unless otherwise not allowed. - Formal Agreement. Pending the satisfaction of all materials by the Investor within
__ days, a formal sale and purchase agreement shall be established between all
parties. - Good Faith Negotiations. The Investor and the Principal Members agree to act honestly
and diligently to enter into “good faith” negotiations in order to execute a formal
agreement and/or close the transaction. - Currency. All mentions of currency or the usage of the “$” icon shall be known as
referring to the US Dollar. - Governing Law. This Letter of Intent shall be governed under the laws by the State of
_______. - Counterparts and Electronic Means. This Letter of Intent may be executed in several
counterparts, each of which will be deemed to be an original and all of which will
together constitute the same instrument. Delivery to us of an executed copy of this Letter
of Intent by electronic facsimile transmission or other means of electronic
communication capable of producing a printed copy will be deemed to be execution and
delivery to us of this Letter of Intent as of the date of successful transmission to us.
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