EX-10.12 LETTEROF INTENT BETWEEN THE REGISTRANT AND SMARTWEAR TECHNOLOGIES, DATED FEBRUARY 5,2008. GlobalGeneral Technologies, Inc. 201 SouthBiscayne Boulevard 28thFloorMiamiCenter Miami,Florida33131 ###-###-####
EX-10.1 2 form8k021108-2ex10_1.htm form8k021108-2ex10_1.htm
February 11, 2008
EX-10.1 2
LETTER OF INTENT BETWEEN THE REGISTRANT AND SMARTWEAR TECHNOLOGIES, DATED FEBRUARY 5, 2008.
Global General Technologies, Inc.
201 South Biscayne Boulevard
28th Floor Miami Center
Miami, Florida 33131
1 ###-###-####
February 11, 2008
Smart Wear Technologies
| 10120 South Eastern Avenue |
| Suite 200 |
| Henderson, Nevada 89052 |
Attention: Robert Reed, President
Dear Mr. Reed:
Reference is made to the Non-Binding Letter of Intent between our two companies dated January 23, 2008, a copy of which is attached (the “January LOI”).
Based on subsequent discussion between us, we have now agreed that the terms and conditions in the Non-Binding January LOI are hereby considered to be a Binding Letter of Intent, subject, of course, to standard mutually satisfactory due diligence and the execution of a Share Exchange Agreement between the shareholders of SmartWear and Global General.
If this accurately reflects your understanding of what we have agreed upon, please sign and date a copy of this letter, and return the manually signed copy to me.
We are looking forward to doing business with you.
| Global General Technologies, Inc. |
By: _______ /s/___________________ | February 11, 2008 |
| Gary T. Stroud, President |
| Smart Wear Technologies, Inc. |
By: ______/s/____________________ | February 11, 2008 |
| Robert Reed, President |