Form 8-K for ALLEGRO BIODIESEL CORP

''Points 1-3 above are binding agreements of the parties. The remaining points are non-binding and subject to the execution of definitive documents. The parties intend to sign a definitive purchase agreement and close the transaction as soon as practicable and have agreed to use their best efforts to do so by June 30, 2008. The transaction is subject to the approval of Allegro's shareholders and the consent of First South to Buyer's assumption of the Indebtedness''

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