Form of Letter of Intent for Joint Venture Transactions

3.05 Form of Letter of Intent for Joint Venture Transactions FORM OF LETTER OF INTENT THIS LETTER OF INTENT (this ""Agreement"") is entered into this __ day of ______, 20__, between A Corporation (""A Corp."") and B Corporation (""B Corp.""). Premises Under a Confidentiality Agreement, dated ________ __, 20__ (the ""Confidentiality Agreement""), A Corp. and B Corp. have exchanged certain confidential and proprietary information, and are now actively discussing and negotiating a proposed transaction pursuant to which A Corp. and B Corp. will form a joint venture (the ""Transaction""). The purpose of the joint venture will be to combine the _______ business of A Corp. with the ______ business of B Corp. and thereafter to conduct the combined businesses. Summary Proposed Terms of Joint Venture between A Corp. and B Corp. (the ""Summary Proposed Terms"") are attached hereto as Exhibit A. The Summary Proposed Terms are a brief description of terms of the proposed Transaction for purposes of this Agreement.