Letter of Intent to Create a Joint Venture by redpjd

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									Date:

                                          CONFIDENTIAL

To:

__________________________

__________________________

__________________________

          Re: Letter of Intent

Dear _____________________:


          This letter is intended to set forth a letter of intent by BAC Corporation, referred to herein
as BAC, and ZYX Corporation, referred to herein as ZYX.
          1.     Overall Structure.      Our goal to establish a joint venture through formation of a
new entity, referred to herein as NEW-CORP, to be jointly owned by BAC and ZYX. Out initial
belief as to the overall structure and purpose of the venture is set forth in the attached Term
Sheet, which would need to be properly documented in definitive agreements.
          2.     Negotiations and 
								
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