Exhibit 10.23
SAMARIUM TECHNOLOGY GROUP, LTD.

LETTER OF INTENT

Cryobanks International, Inc.

PERSONAL AND CONFIDENTIAL

Cryobanks International, Inc.
270 S. North Lake Blvd.
Altamonte Springs, Florida 32701

This letter shall confirm that, pursuant to the terms of that certain Letter of
Intent dated January 31, 2007, and executed by Samarium on 13 February 2007, and
delivered to Cryobanks on or about 28 February 2007 (the “Letter of Intent”),
the parties thereto have agreed that Samarium shall have until 15 June 2007 to
complete its due diligence. All other terms are to remain in full force and
effect.

 
Sincerely,
AGREED TO AND ACCEPTED:
     
Cryobanks International, Inc.
Samarium Technology Group, Ltd.
       
By:/s/ Dwight Brunoehler
By: /s/ Volkmar Hable
Name:Dwight Brunoehler
Name: Volkmar Hable
Title:  CEO 
Title:
Date: 5-11-07
Date: 11-May-07

 
 
 
 
 

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