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EXHIBIT 4.4
LETTER AGREEMENT BY AND BETWEEN THE COMPANY AND
MEESPIERSON AND FUNB, DATED OCTOBER 1999, GRANTING
EXTENSION UNTIL NOVEMBER 30, 1999 TO FILE
REGISTRATION STATEMENT
UNDER THE WARRANT AGREEMENT
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The Cronos Group
000 Xxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxxxx, Xxxxxxxxxx 00000
Attention: Xxxxxx X. Xxxxx
Chief Executive Officer
Re: Warrant Agreement dated as of July 30, 1999 By and Among The
Cronos Group, MeesPierson N.V., and First Union National Bank
Ladies and Gentlemen:
Reference is made to the Warrant Agreement identified above, as amended
by Amendment No. 1 thereto, dated as of August 11, 1999 (the Warrant Agreement,
as amended, referred to hereinafter as the "Warrant Agreement"). Section 8.1 of
the Warrant Agreement reads, as is here relevant, as follows:
"Subject to the foregoing, the Company [The Cronos Group] shall
prepare and file a registration statement covering the Registerable
Securities so requested to be registered as soon as practicable and
within 60 days after the Closing Date."
The "Closing Date" referred to was August 2, 1999, and, accordingly, the
above-referenced covenant calls for the filing of a registration statement by
The Cronos Group (the "Company") on or before October 4, 1999. The
Warrantholders hereby grant the Company an extension within which to comply with
the Company's obligation to file a registration statement under Section 8.1 of
the Warrant Agreement to November 30, 1999.
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Other than as modified hereby, the Warrant Agreement and each and every
term thereof remains in full force and effect.
MEESPIERSON N.V.
Dated: October 3, 1999 By: /s/ Xxxx Xxxxxxxxx
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Its: Senior Account Manager
FIRST UNION NATIONAL BANK
Dated: October 1, 1999 By: /s/ Xxxxxxx Xxxxxxx
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Its: Vice President
ACCEPTED AND AGREED TO:
THE CRONOS GROUP
By: /s/ XXXXXX X. XXXXX
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Xxxxxx X. Xxxxx
Chief Executive Officer
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