August ___, 2009 Teleplus Connect Corp. Teleplus Connect Corp. Aurora, Ontario, L4G 7M4 Miami, Florida 33126Termination of Assurance Agreement and Indemnification Agreement • August 24th, 2009 • Teleplus World, Corp. • Communications services, nec • New Jersey
Reference is made to the following (i) that certain Agreement of even date herewith (the “Agreement”) by and between Teleplus World, Corp. (“Teleplus”), Xentenial Holdings Limited, and YA Global Investments, L.P. (the “Lender”); (ii) that certain Assurance Agreement dated as of November 3, 2008 (the “Assurance Agreement”) by and among Teleplus, Teleplus Connect Corp. (“Connect”), and Telizon Inc. (“Telizon”); and (iii) that certain Indemnification Agreement dated as of March 7, 2006 (the “Indemnification Agreement”, and together with the Assurance Agreement, the “Terminated Agreements”) by and between Teleplus and Marius Silvasan (“Marius”). Capitalized terms used herein and not otherwise defined herein shall have the meanings given in the Agreement.
