LETTER OF INTENT

REF:: ACQ-002
DATE:: THE DAY YOU ARE READING THIS
SUBJECT:: Indication of parody interest
PREPARED BY:: TAKE STAKE
STATUS:: PARODY

To the Board of Directors (unnotified):

This letter confirms our intent to pursue the acquisition described in ACQ-001. The intent is genuine. The acquisition is parody. We trust the distinction is clear, because our counsel has asked us to make it repeatedly.

We propose no exclusivity period, no break fee, and no terms of any kind. In our experience, terms slow things down.

We look forward to not hearing from you.

Sincerely, THE ACQUISITION COMMITTEE