CYNET, INC.
00000 XXXXX XXXX, XXXXX 000
XXXXXXX, XXXXX 00000
(000) 000-0000
October 30, 1997
Xx. Xxxx-Xxxxx Xxxxxxxx
International Fax Corporation
Xxxxxxxxx Xxxxxxxx
X.X. Xxx 00
Xxxx Xxxx
Xxxxxxx, Xxxxxxx Xxxxxx Xxxxxxx
Re: Supplement to Letter Agreement
Gentlemen:
This, letter is to supplement the letter agreement ("Agreement") dated
June 26, 1996, among you, Xxxx-Xxxxx Xxxxxxxx ("Benichou"), your company,
International Fax Corporation ("IFC"), Xxx Xxxxx ("Xxxxx") and CyNet, Inc.
("CyNet") which provides for IFC to acquire 1,050,000 shares of Class A common
stock ("Common Stock") in CyNet, a Texas corporation controlled by Xxxxx, in
exchange for CyNet acquiring a right of first refusal to acquire all of the
outstanding common stock of I-Media, S.A. ("I-Media"), a French company
controlled by Benichou. The following paragraphs supplement our mutual
Agreement:
In connection with the issuance of 1,050,000 shares of Common Stock,
I-Media agrees to form a strategic alliance whereby CyNet gains access to
I-Media's network in Europe for fax broadcasting purposes and I-Media agrees to
use CyNet's network exclusively for their fax broadcast traffic to the United
States. Benichou represents that he has full authority to cause I-Media to carry
out the transaction agreed to herein.
Benichou has not been appointed or elected as a director of CyNet as of
the date of this supplement. CyNet agrees to appoint or elect Benichou as a
director in the future.
Please acknowledge your agreement with the contents of this letter by
signing and dating one counterpart of it in the space provided below, and
returning that counterpart to us for our records.
Thank you for prompt attention to this matter.
Very truly yours,
CYNET, INC.
By:__________________________________________
Xxx Xxxxx, Chief Executive Officer
_____________________________________________
Xxx Xxxxx, Individually
ACKNOWLEDGED AND AGREED TO THIS 30TH DAY OF OCTOBER, 1997.
INTERNATIONAL FAX CORPORATION
By:__________________________________________
Xxxx-Xxxxx Xxxxxxxx, on behalf of IFC and
its Shareholders
Title:_______________________________________
_____________________________________________
Xxxx-Xxxxx Xxxxxxxx, Individually
I-MEDIA, S.A.
_____________________________________________
Xxxx-Xxxxx Xxxxxxxx, General Manager
