Termination Letter of Intent between Freedom Holdings, Inc. and Frank AI AB (September 7, 2024)
Freedom Holdings, Inc. has formally notified Frank AI AB, represented by its co-founders Johannes Vermandois and Eric Heimer, that it is terminating the letter of intent originally signed on June 24, 2024. The decision follows internal discussions and research, concluding that the proposed acquisition is not suitable for Freedom Holdings, Inc.'s future plans. Both parties have acknowledged the termination as of September 7, 2024. No further obligations under the letter of intent remain.
EXHIBIT 10.2
FREEDOM HOLDINGS, INC.
September 7, 2024
Frank AI AB
Ellagardsvagen 40A
187 45
Taby, Sweden
Attn: Johannes Vermandois and Eric Heimer Co-Founders
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| Re: | Letter of Intent - Termination |
Dear Sirs,
Please accept this letter to formally terminate the letter of intent dated June 24, 2024. After much discussion and research into the world of Artificial Intelligence, we have determined that such an acquisition would not be a good fit for our company’s future.
Please accept our apologies for the time it has taken to come to this decision, and we wish you the best in your future endeavors.
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| Sincerely,
FREEDOM HOLDINGS, INC. |
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| /s/ John Vivian |
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| John Vivian |
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| CEO/Director |
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Acknowledged this 7th day of September 2024
| /s/ Johannes Vermandois |
| /s/ Eric Heimer |
| Johannes Vermandois |
| Eric Heimer |
