1/17/2019

Letter of Intent/Proposed Purchase Structure

RE: Company Name

1.) Business valuation for 100% of company (based on information provided by broker/seller) -
One million six hundred fourteen thousand ($1,614,000)

2.) Offer Price for 51% of company – Eight hundred twenty-three thousand one hundred forty
($823,140)

2.) Transaction will be structured as an “asset” sale and purchase

3.) Payments to Seller will be as follows:

a.) A down payment of four hundred forty-three thousand dollars ($443,000) paid at closing

b.) Commencing 60 days after closing, monthly payments will be paid to the Seller for 36 months. This
amount is estimated to be ten thousand five hundred fifty-nine dollars and forty-two cents
per month ($10,559.42) or one hundred twenty-six thousand seven hundred thirteen
dollars ($126,713) per year. Seller agrees to continue working for Platinum Enterprises for
the 36 month duration in a to be agreed upon capacity.

c.) A balloon payment in the 37th month to purchase the additional 49% of the company,
estimated to be seven hundred ninety thousand eight hundred sixty-one dollars
($790,861).

4.) As collateral for the financing, the Buyer will pledge 100% of the buyer’s new company stock until such
time that the entire seller financed note has been satisfied.

Summary:​ The net result of this deal structure looks like this:
Payments at closing $ 443,000
Payments from months 1 – 12 (estimated) $ 126,713
Payments from months 13 - 24 (estimated) $ 126,713
Payments from months 25 - 36 (estimated) $ 126,713
Payments from a balloon payment in the 37th month (estimated) $ 790,861

Total payments to Seller ​=​$1,614,000

This offer is subject to due diligence and legal contract.

I trust this offer meets with your approval and await your response. Following the acceptance of this offer, a
Purchase Agreement document will be submitted and negotiated to include exclusivity period, and a timetable for
due diligence and legal contract.