Webb Interactive Services, Inc. 1899 Wynkoop Suite 600 Denver, CO 80202 March 29, 2002Exercise of Option Agreement • April 1st, 2002 • Webb Interactive Services Inc • Services-computer integrated systems design
This will confirm Jona, Inc.'s agreement to exercise the option to purchase 2,500,000 Units of the securities of Webb Interactive Services, Inc. (the "Company") for $2,500,000.00 that Jona, Inc. acquired pursuant to the Securities Purchase Agreement dated as of January 17, 2002, between the Company and Jona, Inc. Jona, Inc. has agreed to exercise the option prior to March 31, 2002, four months before the option expires, in order to enable the Company to eliminate the "going concern" qualification which appeared in the Company's auditors' report for fiscal 2000 from the auditors' report for fiscal 2001, and to improve the Company's prospects for having its common stock reinstated for listing on the Nasdaq Stock Market. It is necessary for the option to be exercised in March, 2002, to achieve these purposes, as the auditors will issue their report for fiscal 2001 before the end of the month and the Company is required to submit to Nasdaq by April 9, 2002, the additional information the C
AGREEMENTExercise of Option Agreement • November 13th, 2001 • Techne Corp /Mn/ • Biological products, (no disgnostic substances) • Minnesota
