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EXHIBIT 4(c)
Agreement with Xxxxxx Xxxxxx
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PEACHTREE FIBEROPTICS, INC.
0000 XXX XXXXXXXXX, XXXXX 000
XXXX XXXXX XXXXXXX, XXXXXXX 00000
July 16, 1999
Xx. Xxxxxx Xxxxxx
0 Xxxxxx Xxxxx
Xxxxx, XX 00000
Dear Xxxxxx:
We appreciate that you have served as a director of Peachtree
FiberOptics for in excess of six years and have not received any compensation
during this period. In addition, you have over such period of time provided
consulting and advisory services from time to time without compensation or
reimbursement for time or expenses. In recognition and in consideration of these
services, the Company has agreed to issue to you 343,666 shares of Common Stock.
The shares being issued to you represent the sole consideration which
you are entitled to receive based on the services and relationship you have had
with Peachtree FiberOptics and any of its affiliated companies. You also agree
to release Peachtree FiberOptics and its affiliates from any and all claims and
rights you have with respect to them.
You (hereinafter referred to as the "Releasor") does hereby forever
release and discharge Peachtree FiberOptics, Inc., VFinance Holdings, Inc. and
Union Atlantic LC and each of the shareholders of Peachtree FiberOptics, Inc.,
VFinance Holdings, Inc. and Union Atlantic LC and each of their partners,
officers, directors, members, agents or representatives (collectively,
"Releasee") from all claims, actions, causes of action, suits, debts, dues, sums
of money, accounts, reckonings, bonds, bills, specialities, covenants,
contracts, controversies, agreements, promises, indemnifications, variances,
trespasses, damages, judgments, extents, execution, claims, and demands
whatsoever, in law, admiralty or equity, which against the Releasee the Releasor
ever had, now has or hereafter can, shall, or may have for, upon or by reason of
any matter, cause or thing related in whole or part to the debts, promises,
agreements and/or any obligations arising from or relating to the business,
operations, corporate actions or security ownership, in connection with
Peachtree FiberOptics, Inc., VFinance Holdings, Inc. or Union Atlantic LC or
their wholly-owned or affiliated subsidiaries or businesses, including without
limitation transactions involving and allocation, ownership or issuance of
Peachtree FiberOptics, Inc. securities.
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Very truly yours,
PEACHTREE FIBEROPTICS, INC.
By:
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Name:
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Its: President
ACCEPTED AND AGREED
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XXXXXX XXXXXX
