LETTER AGREEMENT Regarding VoIP Revenue Payment from LY Holdings, LLC and Lightyear Network Solutions, LLCVoip Revenue Payment Agreement • February 19th, 2010 • Libra Alliance Corp • Blank checks • Kentucky
This LETTER AGREEMENT (“Agreement”) certifies that, for good and valuable consideration received on the date hereof, (“Lender”), is entitled to receive each month from LY Holdings, LLC, a Kentucky limited liability company (“LYH”), and Lightyear Network Solutions, LLC, a Kentucky limited liability company (“LNS”; collectively with LYH, “Lightyear”), percent (___%) of the Monthly Revenue (as defined herein) from the sales of products and services generated from Voice over Internet Protocol (“VoIP”) technology, as determined from the VoIP product codes in Lightyear’s billing system and revenue reports; all as subject to the terms and conditions set forth herein (the “VoIP Revenue Payment”). For purposes of this Agreement, “Monthly Revenue” means all revenue from the immediately preceding monthly billings excluding taxes, loop charges, termination charges, USF charges, PICC charges, monthly recurring charges and other similar charges.
