Letter of Intent for Purchase of Bordeaux Style Wine Bottles between Khan Krum Winery and Soton Holdings Group, Inc.
Khan Krum Winery, based in Bulgaria, expresses its intention to purchase 20,000 to 24,000 Bordeaux Style wine bottles annually from Soton Holdings Group, Inc., located in Nevada, USA. The letter outlines the product specifications, shipment size, payment method (100% funded letter of credit), and confirms that Khan Krum Winery has the necessary funding and permits. This letter serves as a preliminary agreement to begin negotiations and does not constitute a binding contract.
Exhibit 10.1
Khan Krum Winery
Industrialna St., 3, Burgas, Bulgaria 8000
Tel: 359-56895700, Fax: 359-56895713
Letter of Intent
September 30, 2010
Soton Holdings Group, Inc.
375 N. Stephanie St. - Suite 1411
Henderson, NV 89014-8909
Tel:
Dear Sirs,
We take this opportunity to declare our intention to purchase Bordeaux Style wine bottle from your organization. Khan Krum Winery is a company duly organized and existing under the laws of the Republic of Bulgaria. The principal business address of the company is at Industrialna St., 3, Burgas, Bulgaria 8000. The company’s principle activity in Bulgaria is wine production.
In view of the above, we, Khan Krum Winery, hereby confirm with full responsibility that we are willing and able to enter into a contract for the purchase of the following commodity as specified below and that funding is available including any import/export permits needed to fulfill this purchase;
Product: Bordeaux Style Wine Bottle
Origin: China
Total Quantity: 20,000 – 24,000 per year
Destination Port: (Burgas)
Size of Shipments: 2,000
Packing: Pallets
Payment Methods: 100% funded LC
We understand that this letter of intent is a starting point for further negotiations and operates as a framework under which the transaction can proceed.
We look forward to working with your organization on this important business proposal.
Thanking you, we wish to remain.
Sincerely,
Khan Krum Winery
/s/ Vesselin Minkov
Vesselin Minkov
Managing Director
