EXHIBIT 4.(a)(xxix)
This is to confirm that the following Parties have come to this AGREEMENT:
Xxxxx.web N.V., Xxxxx Networks N.V. and Volendam Investeringen N.V. ("Volandam")
have come to this Agreement under the following terms:
o That the terms of the agreement signed on September 28, 2001 ("First
Agreement") are superseded by the terms of this Agreement and that the
payment schedule and proposal as set out in the First Agreement will
be adjusted and amended as follows:
o As the remaining debt that Xxxxx.web N.V owes Volendam is
US$260,014.63, the Parties have agreed to extend the payment schedule
so that Xxxxx.web N.V will pay US$26,001.46 at the end of each month
for the next 10 months starting May 31, 2002.
o Interest on the outstanding debt shall remain at 2.0% above one month
LIBOR calculated from January 26, 2001 until final settlement of the
debt occurs, such interest to be payable in the final instalment.
o Xxxxx Networks N.V will continue to guarantee the debt and interest
due from Xxxxx.web N.V as per the above 3 points.
o This will be in full and final settlement of all monies due from Xxxxx
Networks N.V. or any part of the Xxxxx Networks group (including
Xxxxx.web) to Volendam.
Thus signed on May 21, 2002 by:
/s/ Xxxxxxxxxxx Xxxxxxxx /s/ Xxxx Xxxxxx & Xxxxx Xxxxx
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Xxxxx.web N.V. Volendam Investeringen N.V.
/s/ Xxxxxx Xxxxxx
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Xxxxx Networks N.V.
