August 4, 2003 ACE*COMM Corporation 704 Quince Orchard Road Gaithersburg, MD 20878 Ladies and Gentlemen:Letter of Intent • August 6th, 2003 • Ace Comm Corp • Communications equipment, nec • Delaware
Pursuant to our recent discussions, this letter of intent sets forth our mutual understanding with respect to the terms upon which ACE*COMM Corporation (or a subsidiary thereof) (“Buyer”) would acquire (the “Transaction”) 100% of the outstanding capital stock of i3 Mobile, Inc., a Delaware corporation (the “Company”), from the stockholders of the Company.
