MEMORANDUM OF UNDERSTANDINGWorld Wide Web Inc • July 21st, 2004 • Real estate
This Memorandum of Understanding (“Memorandum”) serves to memorialize the principal terms of understanding between CityCaps Information Technologies, Inc. (CityCaps) and World Wide Web, Inc. (WWWB) and its shareholders regarding the structure of a business combination providing for the acquisition of CityCaps by WWWB to become a wholly owned subsidiary of WWWB. It is understood and agreed by the parties to this Memorandum that a detailed, definitive agreement (the “Acquisition Agreement”) will be prepared that consummates details and specifies the relevant terms, provisions warrants and covenants of the parties as contemplated by this Memorandum.
