January 24, 2000
Fusion Networks, Inc.
0000 X.X. 00xx Xxxxxx
Xxxxx, Xxxxxxx 00000
Attn: Xxxxxxxx Xxxxxxx
Re: Agreement and Plan of Merger dated August 18, 1999 by and between Fusion
Networks Holdings, Inc., Fusion Networks, Inc., IDM Environmental Corp. and
IDM/FNI Acquisition Corporation (the "Agreement")
Dear Xx. Xxxxxxx:
This letter agreement will serve to evidence our understanding that the
Agreement be, and it hereby is, amended to provide that the requirements of
Section 7.2(d) of the Agreement may not be waived by either party under any
circumstances.
If this letter agreement accurately reflects your understanding with
respect to the foregoing, please execute the same on behalf of Fusion Networks
and return the executed copy to the undersigned.
FUSION NETWORKS HOLDINGS, INC. IDM ENVIRONMENTAL CORP.
By: /s/ Xxxx Xxxxxxxx By: /s/ Xxxx Xxxxxxxx
------------------------- --------------------------
Xxxx Xxxxxxxx, President Xxxx Xxxxxxxx, President
IDM/FNI ACQUISITION CORPORATION
By: /s/ Xxxx Xxxxxxxx
-------------------------
Xxxx Xxxxxxxx, President
Agreed and Accepted:
FUSION NETWORKS, INC.
By: /s/ Xxxxxxxx Xxxxxxx
----------------------------
Xxxxxxxx Xxxxxxx, President