Second is the conditioned development of the software, program and for the purchase and design of a suitable website for the project Seller has already initiated that is designed to offer the students of Harvard University access to a website similar to a live functioning yearbook with the working title of "The Face Book".
It is agreed that the purchaser will own a half interest (50%) in the software programming language and business interest derived from the expansion of the service to a larger audience.
And goes on to say he gets 1% more of the business every day its not completed after Jan 1 '04.
Thats a pretty valuable piece of paper this guy has held onto for the last six years, their lawyers will make a lot of money on this if its not a forgery.