BINDING LETTER OF INTENTBinding Letter Of • January 7th, 2010 • Modavox Inc • Communications equipment, nec
Modavox, Inc. (“Modavox”) and World Talk Radio, LLC, doing business as Voice America, with a principle place of business at 1900 W. University Drive, Suite 231, Tempe AZ 85281 (“WTR”), as of December 31, 2009 (the “LOI Date”), agree to enter into a transaction (“The Transaction”) under which WTR will immediately acquire certain designated assets of Modavox, which assets have been used by Modavox in the course of operating its “iRadio” Internet Radio division (“iRadio Division”). For purposes of this Letter of Intent, Modavox and WTR are referred to collectively as the “Parties.”
