MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • June 6th, 2011 • mBeach Software, Inc. • Services-prepackaged software
THIS MEMORANDUM OF UNDERSTANDING (“MOU”) dated May 31, 2011 (the “Effective Date”) is entered into by and between Pomega Inc., with its principal offices located at 58 Indian Rock Road, San Anselmo, CA 94960 ("Pomega") 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.
