MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • December 14th, 2011 • mBeach Software, Inc. • Services-prepackaged software
THIS MEMORANDUM OF UNDERSTANDING (“MOU”) dated December 13th, 2011 (the “Effective Date”) is entered into by and between IRIS Marketing Ltd., with its principal offices located at 15 Emek Hazeitim St. , Haifa, Israel ("IRIS") and mBeach Software Inc. ("mBeach") with its principal offices located at 107 Hashmonaim Rd., Tel Aviv 61202, Israel; each company a Party and together the “Parties”, and is intended to set forth the basic understanding of the Parties regarding a proposed business combination.
