Email Address:
  
  Password:
  
  

 

Exhibit 10.1

 

LETTER OF INTENT

 

THIS LETTER OF INTENT (the “ LOI ”), is entered into by and,

 

 

BETWEEN:    STANDARD CAPITAL CORPORATION , a Delaware corporation having an office at 557 M. Almeda Street, Metro Manila, Philippines

 

 

                            (“COMPANY”) 

 

AND:

PLURES TECHNOLOGIES, INC., a Delaware corporation having an office at 4070 West Lake Road Canandaigua, New York 14424, USA

 

                             (“PLURES”)

 

BACKGROUND AND PURPOSE

 

WHEREAS, the Company is a publicly traded company on the United States over-the-counter (“OTC”) bulletin board securities market under the symbol “SNDC.”

 

WHEREAS, Plures is a business development company specializing in creating and acquiring high-potential innovations using a market-need, business-value, technology-feasibility screening process, and Plures has entered into an acquisition agreement to acquire a MEMS technology product manufacturing company (“MemsCo”) which pioneered the field of magnetic-based sensor manufacturing technology which is often referred to as “spintronics.”

 

WHEREAS, the Company and Plures desire to enter into a reverse acquisition transaction whereby the Company will acquire all of the shares of outstanding capital stock of Plures in exchange for the issuance of a controlling ownership interest in the Company to the stockholders of Plures.

 

AGREEMENT

 

NOW, THEREFORE,   in consideration of the mutual agreements and representations contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

 

1.  

Except for the provisions in Paragraphs 1 and Paragraphs 8, 9, 10, 13 and 14, this proposal is expressly intended to be non-binding and subject to the


This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more