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.
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