EXH10-22
AGREEMENT
Xxxx Xxxx GmbH Quarzschmelze ("Sico"), Xxxxxxxxxxxxx Xxxxxxx 00, 00000
Xxxx, Xxxxxxx, FiberCore, Inc. ("CFI"), 000 Xxxxxxxx Xxxx, X.X. Xxx 000,
Xxxxxxxxxx, Xxxxxxxxxxxxx 00000, XXX, and FiberCore Jena GmbH ("FCJ") hereby
agree as follows:
1. The prior agreements (including but not limited to agreements
entered into on or as of August 19, 1995 and December l4, l395) between (i) Sico
(and/or Xxxxxx Xxxxxx) and CFI, (ii) Sico (and/or Xxxxxx Xxxxxx) and FCJ and
(iii) Sico (or Xxxxxx Xxxxxx) , FCJ, and CFI with respect to the purchase by FCJ
or CFI of certain equipment previously owned by Sico, are hereby superseded to
provide that the sale of such equipment shall be exclusively in consideration
for the issuance by FCI to Sico or its designee of 605,000 shares ("Shares")
(before adjustments for any stock splits) of common stock of CFI. The sale of
the equipment conveyed to CFI all right, title and interest therein subject only
to the restrictions included in Sico's original purchase thereof, none of which
restrictions shall materially interfere with FCI's or FCJ's intended use of the
equipment or the fair value thereof. Sico hereby confirms the prior receipt of a
certificate(s) representing the Shares which were issued in the name of its
designee and majority stockholder, Xxxxxx Xxxxxx.
2. CFI undertakes to register the resale of the Shares by Sico or its
designee pursuant to the Securities Act of 1933, as amended, at the earliest
date practicable.
3. The demands set forth in letters dated January 23 and 24, 1996 from
Sico to FCJ are hereby withdrawn and no past or future installment payments are
due, with respect to the equipment.
4. Counsel to Sico and CFI will promptly prepare such other
documentation as shall reasonably be required to effect the foregoing
agreements.
Sico, FCI and FCJ have executed this Agreement by their duly authorized
officers on January 25, 1996 .
XXXX XXXX GMBH QUARZSCHMELZE
By:_________________________________
Xxxxxx Xxxxxx
FIBERCORE, INC.
By:_________________________________
Xxxx X. Xxxxxx
FIBERCORE JENA GMBH
By:_________________________________
Xxxx X. Xxxxxx
AGREEMENT
Xxxx Xxxx GmbH Quarzschmelze ("Sico"), Xxxxxxxxxxxxx Xxxxxxx 00, 00000
Xxxx, Xxxxxxx, FiberCore, Inc. ("CFI"), 000 Xxxxxxxx Xxxx, X.X. Xxx 000,
Xxxxxxxxxx, Xxxxxxxxxxxxx 00000, XXX, and FiberCore Jena GmbH ("FCJ") hereby
agree as follows:
1. The prior agreements (including but not limited to agreements
entered into on or as of August 19, 1995 and December l4, l395) between (i) Sico
(and/or Xxxxxx Xxxxxx) and CFI, (ii) Sico (and/or Xxxxxx Xxxxxx) and FCJ and
(iii) Sico (or Xxxxxx Xxxxxx) , FCJ, and CFI with respect to the purchase by FCJ
or CFI of certain equipment previously owned by Sico, are hereby superseded to
provide that the sale of such equipment shall be exclusively in consideration
for the issuance by FCI to Sico or its designee of 605,000 shares ("Shares")
(before adjustments for any stock splits) of common stock of CFI. The sale of
the equipment conveyed to CFI all right, title and interest therein subject only
to the restrictions included in Sico's original purchase thereof, none of which
restrictions shall materially interfere with FCI's or FCJ's intended use of the
equipment or the fair value thereof. Sico hereby confirms the prior receipt
o(pound) a certificate(s) representing the Shares which were issued in the name
of its designee and majority stockholder, Xxxxxx Xxxxxx.
2. CFI undertakes to register the resale of the Shares by Sico or its
designee pursuant to the Securities Act of 1933, as amended, at the earliest
date practicable.
3. The demands set forth in letters dated January 23 and 24, 1996 from
Sico to FCJ are hereby withdrawn and no past or future installment payments are
due, with respect to the equipment.
4. Counsel to Sico and CFI will promptly prepare such other
documentation as shall reasonably be required to effect the foregoing
agreements.
Sico, FCI and FCJ have executed this Agreement by their duly authorized
officers on January 25, 1996 .
XXXX XXXX GMBH QUARZSCHMELZE
By:_________________________________
Xxxxxx Xxxxxx
FIBERCORE, INC.
By:_________________________________
Xxxx X. Xxxxxx
FIBERCORE JENA GMBH
By:_________________________________
Xxxx X. Xxxxxx
