Document:

exhibit_10-1.htm

EXHIBIT 10.1

 

LETTER OF INTENT

November 25, 2013

Subject to the conditions found herein, this Letter of Intent is intended to serve as a non-binding agreement (except for those Sections entitled “Closing”, “No Shop”, and “Applicable Law” which shall be binding) pursuant to which International Gold Corp., a Nevada corporation publicly trading on the OTCQB of the OTC market under the symbol “ITGC” (“PubCo”), will issue certain of its shares to Mark Walmesley, INC (MWI) a private Texas corporation (“OpCo”). The terms and conditions set forth herein are based on preliminary and limited information provided by the parties hereto and are subject to change pending the completion of due diligence, the approval of the Board of Directors of both companies and the execution of a Definitive Agreement.

 

	
Capitalization

	
PubCo has 100,000,000 authorized Common Shares and no other authorized class of capital stock.

 

PubCo currently has 11,509,000 Common Shares outstanding.

 

	
Consideration

	
Pubco will issue shares to OpCo for the exclusive worldwide rights to utilize, license, distribute and further develop OpCo’s Emergency Medical Communications Platform and its fully functioning, cloud based, sales and accounting software system for controlling channel distribution. (hereinafter referred to as the Licensing Agreement)

 

OpCo will receive $25,000 on or around the signing of the “Definitive Agreement” and another $25,000 six months after signing of the Definitive Agreement.

 

OpCo will receive, biannually, 4 tranches of 2.5 million restricted common shares totaling 10 million shares commencing on the signing of the Definitive Agreement.

 

OpCo will also retain a royalty payment based on sales.

	 	 
	
Due Diligence

	
Each of PubCo and OpCo shall have 30 days from the date hereof to conduct an investigation of the other’s prospects, business, assets, contracts, rights, liabilities and obligations, including financial, marketing, employee, legal, regulatory and environmental matters, to satisfy itself as to the desirability of proceeding with the Closing.

 

 During this time each of PubCo and OpCo shall provide the other with access to its books, records and operations as reasonably requested.

	 	 
	
Conditions

	
OpCo conditions to closing:

 

a)           Confirmation to OpCo that as of the date immediately prior to the effectiveness of the closing, PubCo has no material liabilities other than reported on the last quarterly report on Form 10-Q plus new interest related to such liabilities and normal business expenses incurred from the date of the financial statements to the closing.

 

b)           The Closing and all related transactions have been approved by the PubCo board of directors.

 

c)           Preparation of a “Super 8-K” to be filed within 4 business days of closing of the Definitive Agreement.

 

d)           Continued reporting compliance with the Securities Exchange Act of 1934, as amended, and the rules and regulations of the British Columbia Securities Commission (the “BCSC”).

 

e)           Continued quotation on the OTCQB and the absence of any cease trade orders from the US Securities and Exchange Commission or the BCSC.

PubCo conditions to closing:

 

a)           Delivery to PubCo of customary legal opinions, closing certificates, necessary consents and approvals of government bodies or lenders as concerns OpCo.

 

b)           No material adverse change in OpCo’s business, financial condition prospects, assets or operations.

 

c)           The Closing and all related transactions have been approved by OpCo’s board of directors and shareholders.

	 	 
	
Closing

	
Within 30 days of this Letter of Intent, PubCo, and OpCo shall use their best efforts to negotiate and execute a Definitive Closing Agreement and other related documents and certificates (the “Closing Documents”), which shall incorporate in more complete detail the terms found herein.  Upon Closing PubCo will apply to change its name to IMed Data Systems, INC.

 

Mark Walmesley will be appointed to the Board of Directors of PubCo. Delivery to OpCo of customary legal opinions, closing certificates, necessary consents and approvals of government bodies or lenders as concerns PubCo.

 

 

 

  

1

  

 

 

	
Terms and Provisions

 

	
The Closing Documents shall include normal provisions including, without limitation, representations, warranties, covenants, agreements and remedies as are appropriate to preserve and protect the economic benefits intended to be conveyed to and from PubCo and OpCo pursuant hereto.

	 	 
	
No Shop

	
Both PubCo and OpCo agree that from the date of this Letter of Intent until the 60th day thereafter, neither party nor any of affiliates, officers, directors, employees, agents, or advisors shall, directly or indirectly, solicit offers from, negotiate with or in any manner encourage or consider any proposal of any other person or entity relating to the Licensing Agreement between PubCo or OpCo or any other business combination involving such parties.

	 	 
	
Audit

	
If necessary, each party shall commence an audit as soon as possible and otherwise take such action as may be necessary to allow the parties to file a Super 8-K within 4 business days with the Securities and Exchange Commission as soon as possible after the Closing.

	 	 
	
Audit and Legal Fee

	
Each party shall be liable for their respective legal and accounting fees; provided that in the event that there is a closing, International Gold Corp. shall be liable for all outstanding expenses.

	 	 
	
Confidentiality

	
This Letter of Intent is confidential and proprietary to PubCo and OpCo. PubCo and OpCo hereby represent each to the other that it shall not disclose this Letter of Intent or its contents to third parties without the prior written consent of the other party. Both parties shall ensure that its counsel and advisors shall be aware of the confidential nature of this agreement and will agree to be bound to the terms hereof. This provision shall be of no further force or effect in the event the parties fail to enter into the Closing.

	 	 
	
Applicable Law

	
This Letter of Intent shall be governed by and construed and enforced in accordance with the laws of the State of Nevada, without regard to conflicts of laws principles.

 

	
Contacts

	
Mark Walmesley INC

17213 Bending Oak Ct.

Cypress, TX

USA 77429

Tel. 1-281-734-3690

 

International Gold Corp.

666 Burrard Street, Suite 600

Vancouver, British Columbia

Canada V6E 4M3

Tel. 1-604-328-4686

 

 

 

As represented by all of the party’s signatures below, this Agreement is entered into on the 25th day of November 2013.

Agreed and confirmed:

Mark Walmesley, INC

By:      _____________________________                                                                                                                     Date:

Mark Walmesley

President

International Gold Corp.

By:      _____________________________                                                                                                                     Date:

Bob Baker

Presiident

 

 

2fs42013a5ex10xxii_bgs.htm

Exhibit 10.22

 

BGS Acquisition Corp.,

BGS Acquisition Subsidiary, Inc. and

BGS Merger Subsidiary, Inc.

6342 North Bay Road

Miami Beach, FL 33141

November ___, 2013

 

Black Diamond Financial Group, LLC

1610 Wynkoop Street, STE 400

Denver, CO 80202

Attention:  Patrick Imeson

 

and

 

TransnetYX, Inc.

c/o TransnetYX Holding Corp.

8110 Cordova Rd, Suite 119

Cordova, TN 38016

Attention: Robert J. Bean

 

RE:     Registration Rights Agreement

 

Dear Patrick and Robert:

 

Reference is made to the Amended and Restated Merger and Share Exchange Agreement (the “Merger Agreement”) dated August 13, 2013 by and among BGS Acquisition Corp., a British Virgin Islands business company with limited liability, BGS Acquisition Subsidiary, Inc., a Delaware corporation (“Purchaser”), BGS Merger Subsidiary, Inc., a Delaware corporation, TransnetYX Holding Corp., a Delaware corporation, Black Diamond Holdings LLC, a Colorado limited liability company, and Black Diamond Financial Group, LLC, a Delaware limited liability company.  Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Merger Agreement.

 

The parties hereby waive compliance with Section 11.8 of the Merger Agreement, regarding the Registration Rights Agreement.

 

No provision of this letter agreement may be amended except by a writing signed by the parties hereto.  This letter agreement may be executed in separate counterparts, each of which when executed will constitute one and the same original agreement.  This letter agreement shall be governed by the laws of the State of Delaware.  Except as provided in this letter agreement, the Merger Agreement shall remain in full force and effect in accordance with its terms.

 

[Remainder of page intentionally left blank]

 

  

  

  

 

If the foregoing terms are acceptable to you, please indicate your approval by signing a counterpart of this letter agreement where indicated below and return it to me.

 

	 	
Sincerely,

 

BGS ACQUISITION CORP.,

BGS ACQUISITION SUBSIDIARY, INC. and

BGS MERGER SUBSIDIARY, INC.

	 
	 	 	 	 
	
 

	By:	 	 
	 	 	Name: Cesar Baez	 
	 	 	Title:  Chief Executive Officer	 

 

Agreed and Accepted:

 

TRANSNETYX HOLDING CORP.

 

	
By:   

	 	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:	 	 

 

BLACK DIAMOND HOLDINGS LLC

 

By: Black Diamond Financial Group, LLC, its manager

 

	
By:   

	 	 	 
	 	
Name: Patrick Imeson 

Title:  Manager

	 

 

BLACK DIAMOND FINANCIAL GROUP, LLC

 

	
By:   

	 	 	 
	 	
Name: Patrick Imeson 

Title:  Manager

	 

 

cc:           Heather Carmody (Duane Morris LLP)

Steven N. Levine (Messner Reeves LLP)

Al Bright, Jr. (Butler, Snow, O’Mara, Stevens & Cannada, PLLC)

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