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A Letter of Intent to Purchase Stock is commonly used in the early stages of share acquisition negotiations under English and Welsh law. It serves as a preliminary step before entering into a binding share purchase agreement, outlining the proposed terms while allowing both parties to proceed with due diligence and detailed negotiations. This document typically includes proposed purchase price, number of shares, exclusivity periods, and confidentiality provisions. While mostly non-binding, certain provisions such as confidentiality and exclusivity can be made explicitly binding.

1. Sender and Recipient Details: Full legal names and addresses of both parties, including company registration numbers if applicable

2. Subject Matter: Clear identification of the stock/shares to be purchased, including company name, class of shares, and number of shares

3. Purchase Price: Proposed price per share and total consideration, including any payment terms or conditions

4. Due Diligence Period: Timeframe for conducting due diligence and specific requirements or conditions

5. Non-Binding Statement: Clear statement that this is a non-binding LOI except for specific provisions that are intended to be binding