AGREEMENT
Agreement made this l2th day of September, 1998 between EuroWeb
International Corp., ("EWEB"), a corporation organized under the laws of the
State of Delaware in the United States and Xxxxx X. Xxxxxxx ("Xxxxxxx") of 1118
Budapest, Kelenhegyi ut 43. Hungary.
WITNESSETH
1. EWEB hereby sells and Xxxxxxx hereby purchases 333,333 shares of
EWEB's common stock, .001 par value at a price of $250,000 (the
"Shares") or $.75 per share. The price is calculated at the bid
price per share at closing on l2th of September, 1998, less a 25%
discount.
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. Xxxxxxx acknowledges that he has received copies of EWEB's 10-KSB
for the years ended December 31, 1996 and 1997 and of EWEB's
l0-QSB for the periods ended March 31, 1998 and June 30,1998 and
of all electronic filings made by EWEB using the Xxxxx system
since October 1996 and has received all information requested by
him from EWEB so as to enable him to make an informed opinion of
the Transaction.
4. EWEB agrees to file a Registration Statement on SEC form S-3
within 3 months after the date of this agreement to register the
Shares so that the initial legend on the shares can be removed.
5. EWEB agrees that for a period of six months after Sept 12, 1998
(the "Put Period") that it will purchase from Xxxxxxx 166,666 of
the Shares at a price of $.75 per share in the event Xxxxxxx
notifies EWEB in writing of his desire to sell these shares to
EWEB during the Put Period.
EuroWeb International Corp.
By: /S/XXXXX X. XXXXX
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Xxxxx X Xxxxx, Chairman of Board
By: /S/XXXXX X. XXXXXXX
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Xxxxx X. Xxxxxxx
