EXHIBIT 4.(a)(xviii)
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. have come to
this Agreement under the following terms:
o Xxxxx.web N.V. will repay the debt owed to Volendam (USD 624,035) in 12
monthly instalments of USD 52,002.91, the first of these being made on
October 31, 2001.
o Xxxxx.web N.V. will pay interest on the outstanding debt at 2.0% above
one month LIBOR calculated from January 26, 2001 until payment on
September 30, 2002. Interest will be paid in the final instalment
o Xxxxx Networks N.V. agrees to guarantee the debt and interest due from
Xxxxx.web N.V. as per the above 2 points.
o Volendam will release the order that it has filed at the three banks in
the Netherlands and notify the banks of this accordingly.
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 September 28, 2001 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.
