November 23, 2009 Via Hand Delivery Mark S. Flynn, Esq. Corporate Secretary iBasis, Inc.Resignation • November 23rd, 2009 • Ibasis Inc • Telephone communications (no radiotelephone)
SETTLEMENT AGREEMENT dated as of November 23, 2009 among iBasis, Inc., KPN B.V., Celtic ICS Inc., and Koninklijke KPN N.V.Settlement Agreement • November 23rd, 2009 • Ibasis Inc • Telephone communications (no radiotelephone) • Delaware
SETTLEMENT AGREEMENT (this “Agreement”) dated as of November 23, 2009 among iBasis, Inc., a Delaware corporation (the “Company”), Koninklijke KPN N.V, a public company incorporated under the laws of The Netherlands (“Parent”), KPN B.V., a private limited liability company organized under the laws of The Netherlands and a wholly owned subsidiary of Parent (“Purchaser”), and Celtic ICS Inc., a Delaware corporation and a wholly owned subsidiary of Purchaser (“Merger Subsidiary”).
