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Non-binding Letter Of Intent

Letter of Intent

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 This Letter of Intent involves

CLEARTRONIC, INC. | Cleartronic, Inc

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Title: Non-Binding Letter of Intent
Governing Law: Florida     Date: 6/16/2016
Industry: Communications Services     Sector: Services

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Exhibit 99.1

 

Non-Binding Letter of Intent

 

This Non-Binding Letter of Intent (the “Agreement”) is made and entered into on the 9 th day of June, 2016 between Cleartronic, Inc. , a public company traded under the symbol “CLRI” (“Cleartronic”) and iStream Network, a private company organized and existing under the laws of the state of Florida “(“iStream”).

WHEREAS , Cleartronic is a company engaged in primarily providing software and communication services and solutions;   and

WHEREAS , iStream is a broadcaster providing web stream and delivery systems for network content via the internet;   and

WHEREAS , the parties recognize that there are interesting synergies to their respective operations and are interested in conducting due diligence for the purpose of determining whether or not it is feasible for Cleartronic to potentially acquire iStream;  

THEREFORE the parties do hereby agree to the following basic terms of this non-binding Letter of Intent as follows:

A.  Due


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