Exhibit 4.3
GLOBAL NETWORKS, INC.
000 Xxxxxxx Xxx.
Xxx Xxxx, Xxx Xxxx 00000-0000
April 4, 2001
Xx. Xxxxxx Xxxxxxx
000 Xxxxxxxx Xxxxxx Xxxx
Xxxxxxxxxxx, Xxx Xxxxxx 00000
Xx. Xxxx X. Xxxxx
000 Xxxx 00 Xxxxxx, Xxx. 0X
Xxx Xxxx, Xxx Xxxx 00000
Dear Sirs:
Reference is made to the Separation and Share Repurchase Agreements
(collectively, the "Agreements"), dated as of March 1, 2001, between Global
Network, Inc. (the "Company") and each of you. Capitalized terms not otherwise
defined in this letter shall have the meanings assigned to them in the
Agreements.
Notwithstanding anything to the contrary set forth in Section 3(a)(ii) of
each of the Agreements, the Company shall purchase shares of Common Stock from
each of you and shall make payment for such shares as follows:
(i) the April 2001 payment, shall be made on or before April 16, 2001; and
(ii) payments for all subsequent months shall be made on or before the
tenth day of such month; provided, however, that if the tenth day of such month
is not a Business Day, then such payment shall be made on the next succeeding
Business Day. For the purposes of the foregoing sentence, a "Business Day" shall
mean any day other than Saturday, Sunday or a day on which banks in the State of
New York are authorized or obligated by law, executive order or governmental
decree to be closed.
Except as modified by this letter, the terms of the Agreements shall remain
in full force and effect.
This letter may be executed in one or more counterparts each of which shall
be deemed an original, and all of which shall together constitute one and the
same instrument.
Kindly indicate your consent to the foregoing by countersigning the
enclosed copy of this letter and returning it to me as soon as possible.
Very truly yours,
GLOBAL NETWORKS, INC.
By: /s/ Xxxxx Xxxxx
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Xxxxx Xxxxx
President & CEO
ACCEPTED AND AGREED:
/s/ Xxxxxx Xxxxxxx
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XXXXXX XXXXXXX
/s/ Xxxx X. Xxxxx
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XXXX X. XXXXX
