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EXHIBIT 99(b)
EXHIBIT "A"
PLAN OF SHARE EXCHANGE
This Plan of Share Exchange ("Plan") is entered into between INTERNET
MULTI-MEDIA, CORP., a Nevada corporation ("Acquiror") and OASIS TECHNOLOGY SRL,
a corporation organized under the laws of the country of Italy ("Acquiree").
1. Distribution to Shareholders. On the Effective Date, shareholders
holding not less than one hundred (100%) percent of Acquiree common shares not
dissenting from the Plan shall exchange not less than one hundred (100%) percent
of the outstanding stock of Acquiree at the for [________________________]
shares of Acquiror's shares and Acquiree shall become a wholly owned subsidiary
of Acquiror.
2. Satisfaction of Rights of Acquiree's Shareholders. All shares of
Acquiror's stock into which shares of Acquiree's stock have been converted and
become exchangeable for under this Plan shall be deemed to have been paid in
full satisfaction of such converted shares.
3. Fractional Shares. Fractional shares of Acquiror's stock will not be
issued to the holders of Acquiree's stock. Former holders of Acquiree's stock
who would be entitled to receive fractional shares of Acquiror's stock on the
Effective Date shall receive one full share for any fractional share due.
4. Supplemental Action. If at any time after the Effective Date,
Acquiror shall determine that any further conveyances, agreements, documents,
instruments, and assurances or any further action is necessary or desirable to
carry out the provisions of this Plan, the appropriate officers of Acquiror or
Acquiree, as the case may be, whether past or remaining in office, shall execute
and deliver any and all proper conveyances, agreements, documents, instruments,
and assurances and perform all necessary or proper acts to carry out the
provisions of this Plan.
5. Filing with the Florida Secretarie of State and Italian Government
Agencies and Effective Date. On the Closing, as provided in the Agreement and
Plan of Share Exchange of which this Plan is a part, Acquiror and Acquiree shall
cause their respective Presidents (or Vice Presidents) to execute Articles of
Share Exchange in the form attached to this Plan and, on execution, this Plan
shall be deemed incorporated by reference into the Articles of Share Exchange as
if fully set forth in such Articles and shall become an exhibit to such Articles
of Share Exchange. Thereafter, the Articles of Share Exchange shall be delivered
for filing to the Nevada Secretary of State and the Italian government. The
Articles of Share Exchange shall specify the "Effective Date." The Effective
Date shall be August [ ], 2000 or the filing date of the Articles/later, as
specified herein or in the Agreement and Plan of Share Exchange.
6. Amendment and Waiver. Any of the terms or conditions of this Plan
may be waived at any time by Acquiror or Acquiree by action taken by the Board
of Directors of such party, or may be amended or modified in whole or in part at
any time before the vote of the shareholders of Acquiree by an agreement in
writing executed in the same manner (but not necessarily by the same persons),
or at any time thereafter as long as such change is in accordance with Nevada
Corporate Law.
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7. Termination. At any time before the Effective Date (whether before
or after filing the Articles of Share Exchange), this Plan may be terminated and
the share exchange abandoned by mutual consent of the Boards of Directors of
both corporations, notwithstanding favorable action by the shareholders of
Acquiree.
