SUBSCRIPTION AGREEMENT
Exhibit 2.4
TO: The Provisional Directors of
Teleglobe Bermuda Holdings Ltd
(the “Company”)
Teleglobe International Holdings Ltd, (“TIHL”) applies for and requests you to allot to us 28,106,757 common shares of USD$0.01 each, and in payment therefor, to pay the aggregate par value of such shares in the amount of USD$281,067.57 in full to the Company (the “Subscription Cash”).
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We agree to take the said shares subject to the Memorandum of Association, Bye-Laws of the Company and the payment of the Subscription Cash and authorize you to enter the following name and address in the Register of Members of the Company:
Teleglobe International Holdings Ltd
Clarendon House
2 Church Street
Xxxxxxxx XX 11
Bermuda
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/s/ Xxxx Xxxxxxx |
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For and on behalf of: |
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Teleglobe International Holdings Ltd |
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Accepted by Teleglobe Bermuda Holdings Ltd |
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By: |
/s/Xxxxxx Xxxxxxx |
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Name: |
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Title: |
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Date: |
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