World Moto Inc. announced that it has signed a memorandum of understanding for exclusive distribution of the Moto-Meter(TM) throughout Kenya. The MOU authorizes the Kenyan distributor to immediately begin marketing the Moto-Meter(TM) in the assigned territory as an authorized partner of World Moto, and allows to purchase the Moto-Meter(TM) at a specified price, with preferred lead times for orders of initial stock. World Moto has established Memorandums of Understanding as the preferred form of contract between the company and distributors rather than more formal instruments in order to expedite agreements and offer flexibility to the distributor in establishing juristic entities and negotiating investment.