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tene so as Greg mentioned my name is Simon pre-match and Im an associate with the corporate finance group with Galan GG and Im here today to present on letters of intent or ello eyes for short and we recognize that theres going to be different levels of expertise on this call so for some of you you will have dealt with very many ello eyes and for some of you you might not have seen very many allies but our goal with todays presentation is to provide more of a higher level overview of ll eyes and we hope that after todays presentation you will all have a better understanding of the importance of an LOI in a transaction the benefits and although I can bring and how an LOI can be used as a tool in your business so this is the roadmap for todays presentation Id like us to begin by discussing why a transaction should have another why then Id like to move into how an LOI can be used in a variety of different scenarios that may come up in your business and then Id like to spend some