AGREEMENT
Agreement made this 17th day of March, 1999 between Euroweb
International Corp., ("EWEB") a corporation organized under the laws of the
State of Delaware in the United States and M & A Management (Malta) Ltd.,
("M&A").
WITNESSETH
1. EWEB hereby sells and M & A hereby purchases a number of shares of
EWEB's common stock, .001 par value at a price of $200,000
(the"Shares"). The number is calculated by using the closing bid price
of $1.75 on March 17, 1999 or the bid price per share at closing on 1st
day of April, 1999 whichever is lower less a 25% discount and by
dividing the price into $200,000 (US).
2. The parties acknowledge that the Shares have not been registered but
are being sold in a private placement pursuant to an exemption from
Registration provided by section 4(2) of the Securities Act of 1933
and/or Regulation 506 promulgated thereunder.
3. M & A acknowledges that it has received copies of EWEB's 10-KSB for the
years ended December 31, 1996 and 1997 and of EWEB's 10-QSB for the
periods ended March 31, 1998, June 30, 1998, September 30, 1998 and of
all electronic filings made by EWEB using the Xxxxx system since
October 1996 and has received all information requested by it for EWEB
so as to enable it to make an informed opinion of the transaction.
4. EWEB agrees to file a Registration Statement on SEC Form S-3 no later
than July 1, 1999 to register the Shares so that the initial legend on
the shares can be removed.
5. EWEB agrees that until October 1, 1999 (the"Put Period") that it will
purchase from M & A 50% of the Shares purchased at the purchase price
in the event M & A notifies EWEB in writing of the desire to sell these
shares to EWEB during the Put Period.
EUROWEB INTERNATIONAL CORP.
Xxxxx X. Xxxxx, Chairman of Board
M & A MANAGEMENT (MALTA) LTD.
Xxxxx X. Xxxxxxx, President
