docs

From
Stephanie Erickson <stephanie@ericksonresource.com>
To
Timothy Thomas <tt@homecareassistance.com>, Tim Thomas <tthomas@homecareassistance.com>
Date
Thu, 24 May 2018 20:21:30 -0400
Folder
INBOX
--000000000000a151fd056cfcc0d8 Content-Type: multipart/related; boundary="000000000000a151fc056cfcc0d7" --000000000000a151fc056cfcc0d7 Content-Type: multipart/alternative; boundary="000000000000a151f9056cfcc0d6" --000000000000a151f9056cfcc0d6 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Tim (Jr. but also Sr.), Here is the NDA for you to sign. And below is a list of terms for the Letter of Intent that my attorney suggested. As we discussed, I am open to discussing a variety of options of what this can look like. I suggest you present a few options to me. We discussed a sale and me staying on for a minimum of a year as a consultant/supervisor/manager (we can discuss the =E2=80=9Ctitle=E2=80=9D) = and if it is as an employee or independently. I=E2=80=99d like to agree upon a weekly sala= ry as well as a set amount of weekly hours for the year (or possibly for longer). Last time we spoke you discussed an option of a shared revenue model. Give me your thoughts on this too. So, I guess you can present a few offers, with different scenarios in terms of sale price, my involvement for a minimum of a year (or more), what that would look like (hours/salary), if it would be as an employee/consultant, etc. I would like to see what you=E2=80=99re imaging in a full purchase (= one year involvement) and a shared revenue scenario. Once you get this to me, I will send you the financial overview for the past 3 years (and the first quarter of 2018). From there, we can move forward with discussing more details/negotiations if we are both feeling comfortable. MINIMUM REQUIREMENTS FOR THE LETTER OF INTENT: 1. This LOI has as its sole purpose to set forth the intentions of the parties until a final binding agreement (=E2=80=9CAgreement=E2=80=9D) is= executed, if at all, and this LOI shall not be interpreted as a formal contract requirin= g either party to enter into any subsequent agreement. Until an Agreement= is executed, this LOI constitutes the entire agreement between the parties hereto and shall supersede any and all other prior agreements, written o= r oral, relating to the matters herein. 2. The parties intend to negotiate in good faith the purchase of all of the outstanding shares of the capital stock of Erickson Resource Group Inc (ERG). This negotiation will include discussions between the parties as well as the review of certain documentation provided by ERG at its sole discretion. All discussions shall form part of the confidential information outlined in the NDA between the parties. 1. It is understood that nothing herein shall: (a) confer on to either party any rights other than as specifically outlined herein; (b) obligate either party to deal exclusively with the other; or (c) constitute a binding offer to proceed with any acquisition or to enter into any other agreement. 1. In no event shall ERG be liable under this LOI for any direct, indirect, incidental, special, consequential or other similar damages. 1. 

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