Exhibit 10.3

 

Execution Version

 

AGREEMENT TO EXTEND TERM OF THE AMENDED AND RESTATED PUT AGREEMENT

 

This AGREEMENT TO EXTEND TERM OF THE AMENDED AND RESTATED PUT AGREEMENT, dated
as of February 19, 2003, is by and among IFX CORPORATION, a Delaware corporation
(the “Company”), UBS CAPITAL AMERICAS III, L.P., a Delaware limited partnership
(“UBS LP”), and UBS CAPITAL LLC, a Delaware limited liability company
(collectively with UBS LP and their respective successors and assigns, “UBS”).

 

Whereas the Company and UBS are parties to that certain Amended And Restated Put
Agreement dated as of August 15, 2002 (the “Put Agreement”); and

 

Whereas the Company and UBS desire to extend the term of the Put Agreement until
August 19, 2003.

 

NOW THEREFORE, it is agreed as follows:

 

1.  Defined Terms.    Except as otherwise defined herein, capitalized terms
shall have the meaning set forth in the Put Agreement.

 

2.  Expiration Date.    Section 2(a) of the Put Agreement is hereby amended to
read as follows: “From and after the date hereof until August 19, 2003 (the
“Expiration Date”), UBS shall have the right from time to time, upon written
notice thereof, specifying the Tutopia Shares to be put (the “UBS Put Notice”),
to put to the Company all or any portion of its Tutopia Shares (the “Put
Option”) at a price per share equal to the Exchange Ratio.”

 

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IN WITNESS WHEREOF, the parties have executed this AGREEMENT TO EXTEND TERM OF
THE AMENDED AND RESTATED PUT AGREEMENT as of the date set forth in the first
paragraph hereof.

 

IFX CORPORATION

By:

 

/s/ MICHAEL SHALOM

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Name: Michael Shalom

Title: Chief Executive Officer

 

USB CAPITAL AMERICAS III, L.P.

By: USB Capital Americal III, LLC

By:

 

/s/ GEORGE A. DUARTE        

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Name: George A. Duarte

Title: Partner

 

 

By:

 

/s/ MARC UNGER      

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Name: Marc Unger

Title: Chief Financial Officer

 

USB CAPITAL LLC

By:

 

/s/ GEORGE A. DUARTE        

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Name: George A. Duarte

Title: Partner

 

 

By:

 

/s/ MARC UNGER        

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Name: Marc Unger

Title: Chief Financial Officer

 

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