convince me to buy no ramping please, page-96

"A MOU is NOT a binding agreement � literally it is just recording an understanding. In this case the broad nature of the proposed licence agreement which is yet to be negotiated in detail, let alone signed. I�m sure it will be though."

and btw Rapier.
we may beg to differ on the scope of the particular MOU as it relates, not that we are in a position to know the exact intent,
but from:

http://www.scopulus.co.uk/legaldocs/memorandum_of_understanding.php

This will cover:

* Business objectives
* Shareholdings
* Transfer of shares
* Confidentiality
* Board structure
* Restrictive covenants

This is the first stage leading to a Shareholders Agreement. This document can be legally binding or the parties can choose that it will not be for the present moment.