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VENTURES
_________________________________________________________________________




           MIRALAB VENTURES.COM, INC.
                MOSCOW, RUSSIA



          AGREEMENT OF INTENT
VENTURES
_________________________________________________________________________


   This agreement of intent will establish the basic
   framework for an agreement between MIRALAB
   VENTURES.com, Inc. ("MVF") and __US
   startup_______________ ("USU") relating to the
   launch and operation of USU startup in Russia

   The MVF will establish European limited
   company to be named "____________________"
   (the "EU Company").
VENTURES
_________________________________________________________________________

     The EU Company will be formed and wholly-
      owned subsidiary of USU. MVF will begin the
      formation of a limited liability company in the
      Grand Duchy of Luxembourg, which when
      formed shall serve as the corporate vehicle for
      the USU. The USU shall share
      technology, marketing and distribution
      experience with MVF. The EU Company shall
      operate as the product sales, marketing and
      distribution arm of USU in Russia.
VENTURES
_________________________________________________________________________

     USU owns and will continue to own all
      intellectual property of their product. MVF
      will have ownership of the EU Company
      so that it can operate in the EU without
      jeopardizing its ability to apply for and
      receive subsidies and other beneficial
      financial arrangements available to
      European companies in Russia. The
      operation of the EU Company will be for
      the ultimate benefit of MVF and USU .
VENTURES
_________________________________________________________________________




     MVF shall contribute $________ to fund
      the start-up of the USU through EU
      company in Russia, in accordance with
      the Budget attached to this Letter
      Agreement as Schedule "A".
VENTURES
_________________________________________________________________________




     MVF will appoint the CEO, marketing
      director, sales managers of the EU
      Company of USU startup in Russia and
      shall be responsible for all
      sales, marketing, and distribution
      efforts. The base salary shall initially be
      120,000 € per year plus participation in
      any management bonus pool available
      for executive team of EU company.
VENTURES
_________________________________________________________________________




     CEO of EU company and CEO of USU will
      be appointed to the Board of EU
      company. CEO of USU and EU company
      will enter into any agreement of EU
      company, including management or
      other employment arrangements or any
      arrangement pursuant to which fees for
      employment or consulting services will
      be paid.
VENTURES
_________________________________________________________________________




     The Term of our agreement will be
      four (4) years beginning on the date
      that we sign a formal agreement. MVF
      and USU agree to negotiate extensions
      or renewal of this Term in good faith.
VENTURES
_________________________________________________________________________



     MVF and USU agree to use your best
      efforts to negotiate a formal
      agreement by ___________ containing
      such terms and conditions as may be
      mutually agreed upon and as are
      customary for transactions of the type
      contemplated in this Letter
      Agreement.
VENTURES
_________________________________________________________________________
    MVF and USU and their respective officers, directors, stockholders,
     employees, agents, representatives and advisors shall not disclose,
     shall keep confidential and shall not use in any manner any
     information or documents obtained from the other party concerning
     the business and properties of the such other party unless (i) use of
     such information or documents is required by applicable law,
     regulation or court or administrative order, (ii) use of such
     information or documents is reasonably required in connection with
     any litigation involving the receiving party or (iii) such information or
     documents are readily ascertainable from public or published
     information or trade sources already known or subsequently
     developed by such receiving party independently of any investigation
     and (b) any documents obtained from MVF and USU, as the case may
     be, and all copies thereof shall be returned to the party from whom
     such documents or copies were obtained, as the case may be,
     provided that either party may return or destroy such documents at
     any time prior to such a request. We acknowledge that certain
     information related to MVF and USU and or the transaction may be
     material non-public information for purposes of the securities laws
     of the United States and EU.
VENTURES
_________________________________________________________________________


    From and after the date hereof, each of MVF and USU agrees
     that it shall not make, and shall cause its
     officers, directors, employees, agents and representatives not
     to make, any public disclosure regarding the transaction, and
     will not relate any information concerning either party or this
     Letter Agreement or the transaction to any person other than
     its advisors without the prior written consent of the other
     party, unless required to do so under the applicable laws (in
     which event the disclosing party shall provide to the other
     party reasonable notice of the content of the disclosure).
     Notwithstanding the foregoing, You acknowledge that U.S.
     securities laws require that the nature and material terms of
     this Agreement be announced to the U.S. Securities and
     Exchange Commission and the public on a Form 8-K within 4
     days of execution of this Letter Agreement.
VENTURES
_________________________________________________________________________


    Any
     amendment, supplement, modification
     or waiver of or to any provision of this
     Letter Agreement shall be effective
     only if it is made and given in a writing
     signed by MVF and USU and only in the
     specific instance and for the specific
     purpose for which made or given.
VENTURES
_________________________________________________________________________


    This Letter Agreement shall be
     governed by, and construed in
     accordance with, the laws of the EU
     without regard to the conflicts of law
     principles thereof.
VENTURES
_________________________________________________________________________


    This Letter Agreement may be executed
     in any number of counterparts, each of
     which when so executed shall be deemed
     to be an original and all of which taken
     together shall constitute one and the
     same agreement. If the terms of this
     Letter Agreement are acceptable to You
     or you would like to make some
     changes, please send us notification or
     call us.
VENTURES
_________________________________________________________________________



             Miralab Ventures.com. INC.,

                    Alexey Dedov, CEO
                    a.dedov@miralab.ru
               +7 (495) 229-39-52 # 070
                  +7 (910) 559-35-72
   3d Pavlovsky pereulok 1, str. 57, korpus
                 3, office 502
   Moscow, Moscow region 115093, Russia

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Agreement of intent

  • 1. VENTURES _________________________________________________________________________ MIRALAB VENTURES.COM, INC. MOSCOW, RUSSIA AGREEMENT OF INTENT
  • 2. VENTURES _________________________________________________________________________ This agreement of intent will establish the basic framework for an agreement between MIRALAB VENTURES.com, Inc. ("MVF") and __US startup_______________ ("USU") relating to the launch and operation of USU startup in Russia The MVF will establish European limited company to be named "____________________" (the "EU Company").
  • 3. VENTURES _________________________________________________________________________  The EU Company will be formed and wholly- owned subsidiary of USU. MVF will begin the formation of a limited liability company in the Grand Duchy of Luxembourg, which when formed shall serve as the corporate vehicle for the USU. The USU shall share technology, marketing and distribution experience with MVF. The EU Company shall operate as the product sales, marketing and distribution arm of USU in Russia.
  • 4. VENTURES _________________________________________________________________________  USU owns and will continue to own all intellectual property of their product. MVF will have ownership of the EU Company so that it can operate in the EU without jeopardizing its ability to apply for and receive subsidies and other beneficial financial arrangements available to European companies in Russia. The operation of the EU Company will be for the ultimate benefit of MVF and USU .
  • 5. VENTURES _________________________________________________________________________  MVF shall contribute $________ to fund the start-up of the USU through EU company in Russia, in accordance with the Budget attached to this Letter Agreement as Schedule "A".
  • 6. VENTURES _________________________________________________________________________  MVF will appoint the CEO, marketing director, sales managers of the EU Company of USU startup in Russia and shall be responsible for all sales, marketing, and distribution efforts. The base salary shall initially be 120,000 € per year plus participation in any management bonus pool available for executive team of EU company.
  • 7. VENTURES _________________________________________________________________________  CEO of EU company and CEO of USU will be appointed to the Board of EU company. CEO of USU and EU company will enter into any agreement of EU company, including management or other employment arrangements or any arrangement pursuant to which fees for employment or consulting services will be paid.
  • 8. VENTURES _________________________________________________________________________  The Term of our agreement will be four (4) years beginning on the date that we sign a formal agreement. MVF and USU agree to negotiate extensions or renewal of this Term in good faith.
  • 9. VENTURES _________________________________________________________________________  MVF and USU agree to use your best efforts to negotiate a formal agreement by ___________ containing such terms and conditions as may be mutually agreed upon and as are customary for transactions of the type contemplated in this Letter Agreement.
  • 10. VENTURES _________________________________________________________________________  MVF and USU and their respective officers, directors, stockholders, employees, agents, representatives and advisors shall not disclose, shall keep confidential and shall not use in any manner any information or documents obtained from the other party concerning the business and properties of the such other party unless (i) use of such information or documents is required by applicable law, regulation or court or administrative order, (ii) use of such information or documents is reasonably required in connection with any litigation involving the receiving party or (iii) such information or documents are readily ascertainable from public or published information or trade sources already known or subsequently developed by such receiving party independently of any investigation and (b) any documents obtained from MVF and USU, as the case may be, and all copies thereof shall be returned to the party from whom such documents or copies were obtained, as the case may be, provided that either party may return or destroy such documents at any time prior to such a request. We acknowledge that certain information related to MVF and USU and or the transaction may be material non-public information for purposes of the securities laws of the United States and EU.
  • 11. VENTURES _________________________________________________________________________  From and after the date hereof, each of MVF and USU agrees that it shall not make, and shall cause its officers, directors, employees, agents and representatives not to make, any public disclosure regarding the transaction, and will not relate any information concerning either party or this Letter Agreement or the transaction to any person other than its advisors without the prior written consent of the other party, unless required to do so under the applicable laws (in which event the disclosing party shall provide to the other party reasonable notice of the content of the disclosure). Notwithstanding the foregoing, You acknowledge that U.S. securities laws require that the nature and material terms of this Agreement be announced to the U.S. Securities and Exchange Commission and the public on a Form 8-K within 4 days of execution of this Letter Agreement.
  • 12. VENTURES _________________________________________________________________________  Any amendment, supplement, modification or waiver of or to any provision of this Letter Agreement shall be effective only if it is made and given in a writing signed by MVF and USU and only in the specific instance and for the specific purpose for which made or given.
  • 13. VENTURES _________________________________________________________________________  This Letter Agreement shall be governed by, and construed in accordance with, the laws of the EU without regard to the conflicts of law principles thereof.
  • 14. VENTURES _________________________________________________________________________  This Letter Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. If the terms of this Letter Agreement are acceptable to You or you would like to make some changes, please send us notification or call us.
  • 15. VENTURES _________________________________________________________________________ Miralab Ventures.com. INC., Alexey Dedov, CEO a.dedov@miralab.ru +7 (495) 229-39-52 # 070 +7 (910) 559-35-72 3d Pavlovsky pereulok 1, str. 57, korpus 3, office 502 Moscow, Moscow region 115093, Russia