Document:

EXHIBIT 10.1

 

 

AMENDMENT TO THE SPX CORPORATION

2005 NON-EMPLOYEE DIRECTORS’ COMPENSATION PLAN

 

Pursuant
to the powers of amendment reserved in Section 5 of the SPX Corporation 2005
Non-Employee Directors’ Compensation Plan (the “Plan”), effective as of August
24, 2005, SPX Corporation hereby amends the Plan in the following manner:

 

1.                Section 4.2 of the Plan is amended to read as
follows:

 

“4.2         Forfeiture.  Any unvested Performance Shares shall be
forfeited and cancelled upon the earlier of (i) the date on which the
Non-Employee Director ceases to be a member of the Board for any reason other
than death, disability or retirement from the Board after attaining age
seventy, or (ii) the third anniversary of the applicable grant date if the
applicable Return Condition(s) was not met as provided above.  Notwithstanding the foregoing, any unvested
Performance Shares (which have not been forfeited and cancelled pursuant to the
preceding sentence) shall vest upon the earlier of (i) the death or disability
of the Non-Employee Director, (ii) the retirement of the Non-Employee Director
from the Board after attaining age seventy or (iii) a Change of Control.”

 

2.                The fourth and fifth sentences of Section 4.6
of the Plan are amended to read as follows:

 

“Any
unvested portion of such Performance Shares shall be forfeited and cancelled
upon the date on which the Non-Employee Director ceases to be a member of the
Board for any reason other than death, disability or retirement from the Board
after attaining age seventy.  Notwithstanding
the foregoing, any unvested Performance Shares (which have not been forfeited
and cancelled pursuant to the preceding sentence) shall vest upon the earlier
of (i) the death or disability of the Non-Employee Director, (ii) the
retirement of the Non-Employee Director from the Board after attaining age
seventy or (iii) a Change of Control.”Exhibit 10.1

 

DEED
OF SETTLEMENT

 

DATED 23 AUGUST 2005

 

 

VIA NET.WORKS, INC.

 

and

 

VIA NET.WORKS HOLDCO, INC.

 

and

 

VIA NET.WORKS NY CORP., INC.

 

and

 

CLARANET GROUP LIMITED

 

and

 

CLARA.NET HOLDINGS LIMITED

 

 

Linklaters

 

One Silk Street

London EC2Y 8HQ

Telephone (44-20) 7456 2000

Facsimile (44-20) 7456 2222

 

Ref James Inglis/Patrick Robinson

 

 

Table of Contents

 

	
  Contents

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  1

  	
  DEFINITIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  2

  	
  SETTLEMENT
  OF ANY TERMINATION CLAIM

  	
   

  
	
   

  	
   

  	
   

  
	
  3

  	
  CONSIDERATION

  	
   

  
	
   

  	
   

  	
   

  
	
  4

  	
  SCHIPHOL LEASE

  	
   

  
	
   

  	
   

  	
   

  
	
  5

  	
  PARTIAL
  TERMINATION OF THE SALE AND PURCHASE AGREEMENT

  	
   

  
	
   

  	
   

  	
   

  
	
  6

  	
  TERMINATION
  OF THE FACILITY AGREEMENT

  	
   

  
	
   

  	
   

  	
   

  
	
  7

  	
  CONTINUATION
  OF THE TRANSITION SERVICES AGREEMENT

  	
   

  
	
   

  	
   

  	
   

  
	
  8

  	
  SETTLEMENT
  OF CLAIMS UNDER UK SALE AGREEMENT

  	
   

  
	
   

  	
   

  	
   

  
	
  9

  	
  ASSIGNMENT
  AGREEMENT

  	
   

  
	
   

  	
   

  	
   

  
	
  10

  	
  MASTER
  SERVICES AGREEMENT

  	
   

  
	
   

  	
   

  	
   

  
	
  11

  	
  PSINET BELGIUM

  	
   

  
	
   

  	
   

  	
   

  
	
  12

  	
  ALFA ACCOUNTANTS

  	
   

  
	
   

  	
   

  	
   

  
	
  13

  	
  FURTHER
  ACKNOWLEDGEMENTS

  	
   

  
	
   

  	
   

  	
   

  
	
  14

  	
  INDEMNITY

  	
   

  
	
   

  	
   

  	
   

  
	
  15

  	
  REPRESENTATIONS
  AND WARRANTIES

  	
   

  
	
   

  	
   

  	
   

  
	
  16

  	
  COVENANTS
  AND UNDERTAKINGS

  	
   

  
	
   

  	
   

  	
   

  
	
  17

  	
  CONFIDENTIALITY

  	
   

  
	
   

  	
   

  	
   

  
	
  18

  	
  GOVERNING
  LAW, JURISDICTION AND PROCESS AGENT

  	
   

  
	
   

  	
   

  	
   

  
	
  19

  	
  NON-ADMISSION
  OF LIABILITY

  	
   

  
	
   

  	
   

  	
   

  
	
  20

  	
  ENTIRE AGREEMENT

  	
   

  
	
   

  	
   

  	
   

  
	
  21

  	
  CONTRACTS
  (RIGHTS OF THIRD PARTIES) ACT 1999

  	
   

  
	
   

  	
   

  	
   

  
	
  22

  	
  NOTICES

  	
   

  
	
   

  	
   

  	
   

  
	
  23

  	
  SEVERABILITY

  	
   

  
	
   

  	
   

  	
   

  
	
  24

  	
  FURTHER ASSURANCE

  	
   

  
	
   

  	
   

  	
   

  
	
  25

  	
  GENERAL

  	
   

  

 

2

 

THIS
DEED is
made on 23 August 2005

 

BETWEEN:

 

(1)                       VIA NET.WORKS, Inc., a company incorporated in Delaware,
the United States whose registered office is at 1013 Centre Road, Wilmington,
Delaware 19805, United States (“VIA Inc”,
the “Borrower” or the “Seller”);

 

(2)                       VIA NET.WORKS Holdco, Inc., a company incorporated in Delaware,
the United States whose registered office is at 1013 Centre Road, Wilmington,
Delaware 19805, United States (“Holdco”);

 

(3)                       VIA NET.WORKS NY Corp., Inc., a company incorporated in New York,
the United States, whose registered office is at 80 State Street, Albany, New
York 12207, United States (together with VIA Inc and Holdco, the “Sellers” or the “Relevant Sellers”);

 

(4)                       Claranet Group Limited, a company incorporated in England and
Wales whose registered office is at 21 Southampton Row, London WC1B 5HA, United
Kingdom (“Claranet” or the “Purchaser”); and

 

(5)                       Clara.net Holdings
Limited, a company
incorporated in Jersey whose registered office is at c/o Professional Trust
Company Limited, PO Box 274, 36 Hilgrove Street, St Helier, Jersey JE4 8TR,
Channel Islands (“Clara.net Holdings”
or the “Lender” and, together with
the Purchaser, the “Purchasers” or
the “Relevant Purchasers”)

 

referred to
hereafter individually as a “Party”
and together as the “Parties”.

 

WHEREAS:

 

(A)                    The Parties, having entered into the
Sale and Purchase Agreement and the Facility Agreement and First Closing having
taken place with the effect that certain companies were sold to the Purchasers,
no longer wish to proceed to Second Closing by which the sale of certain other
companies would have taken place.

 

(B)                      The Parties wish to make certain
agreements and acknowledgements in relation to the Sale and Purchase Agreement
and the Facility Agreement on the terms set out in this Deed.

 

IT
IS AGREED:

 

1                               DEFINITIONS

 

1.1                            In this Deed:

 

Acceleration
Notice means
the notice dated 27 July 2005 served by the Lender on the Borrower by
which the Lender purported to cancel the Commitment (as defined in the Facility
Agreement) with immediate effect in accordance with Clause 16.1 of the Facility
Agreement.

 

Affiliate means in relation to a Party, any
entity controlled, directly or indirectly, by that Party, any entity that
controls, directly or indirectly, that Party, or any entity directly or
indirectly under common control with that Party.  For this purpose, “control” of any entity
includes, but is not limited to, ownership of a majority of the voting power in
respect of the entity.

 

3

 

Alfa
Accountants means Alfa Accountants & Advisers, 85-87
Agro Business Park, 6708 PV Wageningen, The Netherlands.

 

Alfa
Funds means the funds in the amount of €53,700 delivered
to Claranet by PSINet Netherlands in support of the contract with Alfa
Accountants.

 

Amendment
and Restatement Agreement means the agreement between the Parties dated 12 July 2005
by which the Sale and Purchase Agreement was amended and restated.

 

Assignment
Agreement means the assignment agreement dated 11 July 2005
among VIA Inc, Via Jersey Debtco Limited and Holdco.

 

Belgian
Share Pledge has the meaning which it is given in the Facility Agreement.

 

Blocked
Account has
the meaning which it is given in the Sale and Purchase Agreement.

 

Business
Day has
the meaning which it is given in the Sale and Purchase Agreement.

 

Claim means each and any loss, liability,
expense, damage (including without limitation consequential damage), claim,
difference, counter-claim, cause or right of action or proceedings, whether at
law or in equity, of whatsoever nature and howsoever arising, whether brought
directly or indirectly, in any jurisdiction whatsoever, whether secured,
proprietary, by way of tracing, priority or otherwise, whether by way of
contribution or subrogation or otherwise, whether asserted or unasserted,
whether based on facts or matters known or unknown to the Parties at the
Effective Time, whether or not in the contemplation of the Parties, whether or
not presently known to the law and whether arising before at or after the
Effective Time, including, without limitation, for the avoidance of doubt any
of the same arising out of, in connection with, or in any way related to any
representations, statements, advice and/or promises or agreements given or made
or alleged to have been given or made at any time in relation to any relevant
agreement (and including, without limitation, any loss, liability, expense, damage
(including without limitation consequential damage), claims, differences,
counter-claims, causes or rights of action or proceedings relating to any
statements, representations or advice (written, electronic, oral, telephonic or
otherwise) alleged to have been given or not to have been given leading to the
making of any of the agreements or acknowledgements set out in this Deed);
provided that Claim shall not include any claim, difference, counterclaim,
cause or right of action or proceedings of any nature whatsoever and howsoever
arising, whether brought directly or indirectly, in respect of a breach of this
Deed.

 

Claranet
Parties means
the Purchasers and their Affiliates and each of their respective present and
former officers, directors, employees, representatives, agents, successors and
assigns, and Claranet Party means
any of them.

 

Conversion
Rate
means the spot closing mid-point rate for a transaction between the two
currencies in question on the date immediately preceding the date for payment
as quoted by the Financial Times, London edition, or, if no such rate is quoted
on that date, on the preceding date on which such rates are quoted.

 

4

 

Demand
Notice means
the notice dated 29 July 2005 served by the Purchasers on the Sellers by
which the Purchasers required the payment of certain sums pursuant to the Sale
and Purchase Agreement and the Facility Agreement following the service of the
Termination Notice and the Acceleration Notice.

 

Dutch
Share Pledge has the meaning which it is given in the Facility Agreement.

 

Effective
Time means
the time at which the sum held in the client account of the Purchasers’
Solicitors is released to the order of the Seller in accordance with Clause 3.5
below.

 

Facility
Agreement means the agreement dated 30 April 2005 (as amended and restated on
12 July 2005) setting out the terms on which the Lender agreed in certain
circumstances to advance certain funds to the Borrower.

 

Facility
Agreement Amendment and Restatement Agreement means the agreement between the Parties
dated 12 July 2005 by which the Facility Agreement was amended and
restated.

 

Final
Schedule has the meaning which it is given in the Assignment Agreement.

 

Finance
Documents has the meaning which it is given in the Facility Agreement.

 

First
Closing has
the meaning which it is given in Sale and Purchase Agreement.

 

German
Share Pledge has the meaning which it is given in the Facility Agreement.

 

Group
Company and Group Companies have the meanings which
they are given in the Sale and Purchase Agreement.

 

Insolvency
Proceedings has the meaning which it is given in the Sale and Purchase Agreement.

 

Intra-Group
Payables means all outstanding loans or other liabilities or obligations
(including, for the avoidance of doubt, in relation to dividends, management
fees and inter-company trading balances) and any accrued interest payable
thereon owed by any company in Schedule 2 Part A of the Sale and
Purchase Agreement to any VIA NET.WORKS Party.

 

Master
Services Agreement means the Master Services Agreement between Schuberg Philis B.V. and VIA
NET.WORKS Europe Holding B.V. dated 19 May 2004, as assigned to VIA
NET.WORKS Nederland as of 24 March 2005.

 

Master
Services Guaranty means the guaranty of VIA Inc. dated 21 May 2004 in favour of
Schuberg Philis B.V. securing the obligations of VIA NET.WORKS Europe Holding
B.V. under the Master Services Agreement, together with the undertaking in
respect thereof extended by PSINet Netherlands by agreement on 24 March 2005.

 

Original
Facility Agreement means the agreement dated 30 April 2005 (prior to being amended and
restated on 12 July 2005) setting out the terms on which the Lender agreed
in certain circumstances to advance certain funds to the Borrower.

 

PSINet
Netherlands means PSINet Netherlands B.V., a company incorporated in the Netherlands
whose registered office is at Siriusdreef 30-36, 2132 WT Hoofddorp, The
Netherlands.

 

Purchasers’
Solicitors means Linklaters of One Silk Street, London EC2Y 8HQ.

 

5

 

Sale
and Purchase Agreement means the agreement dated 30 April 2005 (as
amended and restated on 12 July 2005) setting out the terms on which the
Sellers agreed to sell the operating subsidiaries and the assets and the
liabilities described in such agreement to the Purchasers.

 

Schiphol
Lease has
the meaning which it is given in the Sale and Purchase Agreement.

 

Schiphol
Lessor has
the meaning which it is given in the Sale and Purchase Agreement.

 

Second
Closing has
the meaning which it is given in the Sale and Purchase Agreement.

 

Security
Documents has the meaning which it is given in the Facility Agreement.

 

Seller’s
Account means
the Seller’s bank account the details of which shall be provided to the
Purchasers in writing at the time of execution of this Deed.

 

Side
Agreements means the following agreements in relation to the Sale and Purchase
Agreement: (i) the letter dated 30 April 2005 from the Seller to the
Purchasers, and counter-signed by the Purchasers, which constitutes the
disposal plan referred to in Clause 5.7 of the Sale and Purchase Agreement; (ii) the
letter dated 30 April 2005 from the Seller to the Purchasers, and
counter-signed by the Purchasers, which relates to various restructuring
actions; and (iii) the letter dated 30 April 2005 from the Seller to
the Purchasers, and counter-signed by the Purchasers, which relates to various
potential claims against certain entities.

 

Side
Letter means
the letter dated 12 July 2005 from the Borrower to the Lender, and
counter-signed by the Lender, in relation to the Facility Agreement.

 

Surviving
Clauses means
the following clauses of the Sale and Purchase Agreement: Clauses 1 (with
respect to Clause 1.1, only such definitions shall survive as are used in any
of the Clauses of the Sale and Purchase Agreements as are enumerated in this
definition), 2.5.3, 2.5.4, 3.4, 6.6, 6.8, 7.1, 7.3 (for the avoidance of doubt
the Parties acknowledge that the Purchasers shall not have any obligation or
liability relating to the Relevant Employees or the Contracts (each as defined
in the Sale and Purchase Agreement) in relation to these Clauses 7.1 and 7.3),
7.4 (and Schedule 9 Part A only), 7.5, 7.6, 9 (provided that with
respect to Clause 9.3, the Second Closing Purchase Price shall be deemed to be
US$0.00), 10, 11 and 12, insofar as each of them relates to the First Closing
only.

 

Termination
Claim
means each and any loss, liability, expense, damage (including without
limitation consequential damage), claim, difference, counter-claim, cause or right
of action or proceedings, whether at law or in equity, of whatsoever nature and
howsoever arising, whether brought directly or indirectly, in any jurisdiction
whatsoever, whether secured, proprietary, by way of tracing, priority or
otherwise, whether by way of contribution or subrogation or otherwise, whether
asserted or unasserted, whether based on facts or matters known or unknown to
the Parties, whether or not in the contemplation of the Parties, whether or not
presently known to the law and whether arising before at or after the Effective
Time arising out of, in

 

6

 

connection with,
or in any way related to the Termination Notice, the Acceleration Notice, the
Demand Notice or the Transition Services Agreement Notice (including, without
limitation, for the avoidance of doubt any of the same arising out of, in
connection with, or in any way related to any representations, statements,
advice and/or promises or agreements given or made or alleged to have been
given or made at any time in relation to the Termination Notice, the
Acceleration Notice, the Demand Notice or the Transition Services Agreement
Notice).

 

Termination
Notice means
the notice dated 27 July 2005 served by the Purchasers on the Sellers by which
the Purchasers purported to terminate the Sale and Purchase Agreement pursuant
to Clause 5.5.1 of the Sale and Purchase Agreement.

 

Transition
Services Agreement means the agreement dated 12 July 2005 between the Seller, the
Purchasers, VIA NET.WORKS Nederland, VIA NET.WORKS Portugal - Tecnologias de
Informacao, S.A. and VIA NET.WORKS USA, Inc.

 

Transition
Services Agreement Notice means the notice dated 28 July 2005 served by
the Purchaser on the Seller pursuant to the Transition Services Agreement.

 

UK
Sale Agreement has the meaning which it is given in the Sale and Purchase Agreement.

 

Utilisation
Request means
the request for funding dated 25 July 2005 sent by the Borrower to the
Lender pursuant to the Facility Agreement.

 

VIA
NET.WORKS Nederland means VIA NET.WORKS Nederland B.V., a company incorporated in the
Netherlands, whose registered office is at Science Park Eindhoven 5630, 5692 EN
Son, The Netherlands.

 

VIA
NET.WORKS Parties means the Sellers and their Affiliates and each of their respective
present and former officers, directors, employees, representatives, agents,
successors and assigns, and VIA NET.WORKS
Party means any of them.

 

1.2                            In this Deed a reference to an entity includes a reference to any firm,
company, corporation or other body corporate, or any association, trust or
partnership (whether or not having separate legal personality).

 

1.3                            References to the singular in this Deed
shall include the plural and vice versa.

 

1.4                            Save where they incorporate definitions
for application in this Deed, the recitals and clause headings are for ease of
reference only and do not affect the interpretation of this Deed and any
factual or legal statements in the recitals do not constitute admissions for
the purpose of any dispute.

 

2                               SETTLEMENT OF ANY TERMINATION CLAIM

 

2.1                            With effect as at the Effective Time,
the Purchasers withdraw the Termination Notice, the Acceleration Notice, the
Demand Notice and Transition Services
Agreement Notice and the Parties agree that such notices shall be deemed
never to have been served.

 

2.2                            With effect as at the Effective Time,
subject to the terms of the this Deed, the Sellers unconditionally and
irrevocably release and discharge each of the Claranet Parties from, and the
Parties agree that this Deed is made in full and final settlement of, all and
any Termination Claims of the VIA NET.WORKS Parties.

 

2.3                            With effect as at the Effective Time,
subject to the terms of the this Deed, the Purchasers unconditionally and
irrevocably release and discharge each of the VIA

 

7

 

NET.WORKS Parties
from, and the Parties agree that this Deed is made in full and final settlement
of, all and any Termination Claims of the Claranet Parties.

 

2.4                            The Sellers agree that this Deed is
intended to be, and shall be, a complete defence to any claim, action, suit or
proceeding brought by any VIA NET.WORKS Party in any jurisdiction in relation
to any Termination Claim against any Claranet Party.

 

2.5                            The Purchasers agree that this Deed is
intended to be, and shall be, a complete defence to any claim, action, suit or
proceeding brought by any Claranet Party in any jurisdiction in relation to any
Termination Claim against any VIA NET.WORKS Party.

 

2.6                            To the extent that any Termination
Claim of the Sellers exists or may exist, the Sellers withdraw, as at the
Effective Time, any and all allegations and claims made by them or any of them
against any Claranet Party relating to any such Termination Claim.

 

2.7                            To the extent that any Termination
Claim of the Purchasers exists or may exist, the Purchasers withdraw, as at the
Effective Time, any and all allegations and claims made by them or any of them
against any VIA NET.WORKS Party relating to any such Termination Claim.

 

3                               CONSIDERATION

 

3.1                            At or prior to the time of execution of
this Deed:

 

3.1.1                          The Purchasers shall procure that each
of the relevant A Group Companies (as defined in the Sale and Purchase
Agreement) shall execute and deliver to each relevant B Group Company (as
defined in the Sale and Purchase Agreement) written confirmation in the form
attached at Exhibit A Part 1.

 

3.1.2                          The Sellers shall procure that each of
the relevant B Group Companies shall execute and deliver to each relevant A
Group Company written confirmation in the form attached at Exhibit A Part 2.

 

3.1.3                          The Sellers shall deliver to the
Purchasers an executed stock transfer form in relation to the share in VIA
Jersey Debtco Limited sold by VIA Inc to Clara.net Holdings at the First
Closing.

 

3.2                            At the execution of this Deed:

 

3.2.1                          the Purchasers shall procure that VIA
NET.WORKS Nederland and/or any other relevant Claranet Party shall execute and
deliver to the Seller the assignment of the Schiphol Lease in the form of the Contractsoverneming attached hereto as Exhibit B; and

 

3.2.2                          the Sellers shall procure that PSINet
Netherlands and/or any other relevant VIA NET.WORKS Parties shall execute (by
the signature of Nathan Wajsman) and deliver to the Schiphol Lessor the
assignment of the Schiphol Lease in the form of the Contractsoverneming
attached hereto as Exhibit B.

 

3.3                            Following the execution of this Deed by
all Parties hereto:

 

3.3.1                          the Purchasers shall procure that VIA
NET.WORKS Nederland and/or any other relevant Claranet Party shall execute and
deliver as promptly as practicable (but in no event later than three Business
Days after the receipt

 

8

 

of the relevant
request in writing by the Purchaser) all such confirmations, documents and
assurances as the Schiphol Lessor or any other Party may reasonably require to
effect the assignment of the Schiphol Lease which has the effect of releasing
VIA NET.WORKS Nederland from any and all rights and obligations under the
Schiphol Lease; and

 

3.3.2                          the Sellers shall procure that PSINet
Netherlands and/or any other relevant VIA NET.WORKS Parties shall execute and
deliver as promptly as practicable (but in no event later than three Business
Days after the receipt of the relevant request in writing by the Seller) all
such confirmations, documents and assurances as the Schiphol Lessor or any
other Party may reasonably require to effect the assignment of the Schiphol
Lease which has the effect of releasing VIA NET.WORKS Nederland from any and
all rights and obligations under the Schiphol Lease.

 

3.4                            Upon the delivery to the Purchasers of
the Contractsoverneming attached hereto as Exhibit B
executed by all parties thereto:

 

3.4.1                          the Purchasers shall procure that VIA
NET.WORKS Nederland and/or any other relevant Claranet Party execute all such
confirmations, documents and assurances as the Schiphol Lessor or any other
Party may reasonably require to effect the release of all restrictions over the
Blocked Account to the benefit of VIA NET.WORKS Nederland.

 

3.4.2                          the Sellers shall procure that PSINet
Netherlands and/or any other relevant VIA NET.WORKS Parties execute (and shall
endeavour to procure that the Schiphol Lessor execute) all such payments,
confirmations, documents and assurances as the Schiphol Lessor or any other
Party may reasonably require to effect the release of all restrictions over the
Blocked Account to the benefit of VIA NET.WORKS Nederland, such release to be
effected as soon as practicable and in any event no later than 13 September 2005.  Any failure of the Sellers to procure the
release of all restrictions over the Blocked Account to the benefit of VIA
NET.WORKS Nederland on or before 13 September 2005 shall constitute a
breach of the Transition Services Agreement and the Parties shall procure that
the Transition Services Agreement is amended to add a new sentence at the end
of clause 7.2 of the Transition Services Agreement as follows:

 

“Any failure by
VIA Inc timely to comply with clause 3.4.2 of the Settlement Deed dated 23 August 2005
shall constitute a material breach of this Agreement giving the Seller the
right immediately to terminate this Agreement.”

 

3.5                            Upon the execution of this Deed by all
Parties hereto, the Purchaser shall immediately release to the order of the
Seller the sum of US$389,220.36 held in the client account of the Purchasers’
Solicitors.

 

3.6                            Upon the receipt of confirmation in
writing from ING Bank N.V. of the release of all restrictions over the Blocked
Account to the benefit of VIA NET.WORKS Nederland, the Purchasers shall release
to the order of the Seller the sum of US$350,673 (or such lower sum as may
result from any deductions from this sum in accordance with Clause 10.5.2
below) held in the client account of the Purchasers’ Solicitors.  Any failure of the Purchasers to pay such
amount in the time specified in this Clause 3.6,

 

9

 

shall constitute
a breach of the Transition Services Agreement and the Parties shall procure
that the Transition Services Agreement is amended to add a new sentence at the
end of clause 7.2 of the Transition Services Agreement as follows:

 

“Any failure by
Claranet Group timely to comply with clause 3.6 of the Settlement Deed dated 23
August 2005 shall constitute a material breach of this Agreement giving
the Seller the right immediately to terminate this Agreement.”

 

3.7                            As a condition precedent to the
performance by the Purchaser of Clause 3.6 and notwithstanding any other
provision of this Clause 3, in the event that any Insolvency Proceedings are
commenced in respect of any of the Sellers (whether in the United States or in
any other jurisdiction) prior to the time at which the relevant sum is to be
released by the Purchaser in accordance with Clause 3.6, the consent of
relevant bankruptcy court to the terms of this Deed and the performance of
their obligations hereunder is required provided that the relevant court is
empowered to grant such consent.  In the
event of such Insolvency Proceedings, the Sellers shall use their best endeavours
to obtain the consent of the relevant court to the terms of this Deed and the
performance of their obligations hereunder provided that the relevant court is
empowered to grant such consent.

 

4                               SCHIPHOL LEASE

 

The Sellers
jointly and severally agree to indemnify and to keep indemnified each Claranet
Party against all costs, fees, charges, expenses and liabilities to any party
arising from or in connection with the Schiphol Lease or in respect of the
premises which are demised by the Schiphol Lease (including without limitation
rent and service charges payable in accordance with the terms of the Schiphol
Lease and any charges, rates or taxes in relation to the premises which are
demised by the Schiphol Lease).

 

5                               PARTIAL TERMINATION OF THE SALE AND PURCHASE AGREEMENT

 

5.1                            With effect as at the Effective Time,
each Party acknowledges and agrees that the Sale and Purchase Agreement shall
be terminated and all liabilities and obligations thereunder shall be
discharged, except as expressly set forth in this Deed.

 

5.2                            In furtherance of Clause 5.1 and
notwithstanding the provisions of Clauses 5.3, 5.4 and 5.7, each Party
acknowledges and agrees that each of the Surviving Clauses shall remain in
force.

 

5.3                            With effect from the date of this Deed,
save for the payments to be made pursuant to Clauses 3.5 and 3.6 and except as
provided in Clause 5.2, each Party acknowledges and agrees that the Purchasers
shall have no liability to any Seller to make any payment which may have been
due and payable at or before the Effective Time or might (but for the provisions
of this Deed) become due and payable after the Effective Time in accordance
with the Sale and Purchase Agreement which relates to the First Closing or
otherwise.  For the avoidance of doubt,
each Party acknowledges and agrees that (without limitation), with effect from
the date of this Deed, the Purchasers shall have no obligation to make any or
further payments under Clauses 3.1.1, 5.5.4, 5.5.6 and 6.9 of the Sale and
Purchase Agreement.

 

5.4                            With effect from the date of this Deed,
except as provided in Clause 5.2, each Party acknowledges and agrees that the
Sellers shall have no liability to any Purchaser to

 

10

 

make any payment
which may have been due and payable at the Effective Time or might (but for the
provisions of this Deed) become due and payable after the Effective Time in
accordance with the Sale and Purchase Agreement which relates to the First
Closing or otherwise.  For the avoidance
of doubt, the Sellers shall have no obligation to make any or further payments
under Clauses 5.5.2, 5.5.3 and 5.5.5 of the Sale and Purchase Agreement.

 

5.5                            Each Party acknowledges and agrees that
this Deed shall constitute a variation of the Sale and Purchase Agreement in
accordance with Clause 12.6 of the Sale and Purchase Agreement to the extent
that it relates to the Sale and Purchase Agreement.

 

5.6                            With effect as at the Effective Time,
each Party agrees that the Side Agreements are hereby terminated and that no
sums are or will become due and payable by any Party pursuant to the terms of
the Side Agreements.

 

5.7                            With effect as at the Effective Time,
the Purchasers unconditionally and irrevocably release and discharge each VIA
NET.WORKS Party from, the Sellers unconditionally and irrevocably release and
discharge each Claranet Party from, and the Parties agree that this Deed is
made in full and final settlement of, all and any Claims in, arising out of, in
connection with, or in any way related to any of the Sale and Purchase
Agreement and the Side Agreements, save in relation to any Claim arising out
of, in connection with, or in any way related to the Surviving Clauses.  This Deed is intended to and shall constitute
a full and complete waiver, release and discharge by each Party of all or any
Claims arising out of, in connection with, or in any way related to the Sale
and Purchase Agreement and the Side Agreements whether or not such Claim
relates to the First Closing or otherwise, save in relation to any Claim
arising out of, in connection with, or in any way related to the Surviving
Clauses.

 

6                               TERMINATION OF THE FACILITY AGREEMENT

 

6.1                            The Parties agree that, notwithstanding
Clause 5.2(a) of the Facility Agreement (such Clause hereby being deemed
to have been varied to the extent necessary to give effect to this Clause 6.1),
the Borrower shall be permitted to, and hereby agrees to, withdraw the
Utilisation Request with effect as at the Effective Time.  The Parties acknowledge and agree that the
Lender has and shall be treated as having had no obligation as at the Effective
Time to comply with the terms of the Utilisation Request and shall have no
liability in respect of any non-compliance with the Utilisation Request.

 

6.2                            With effect as at the Effective Time,
the Parties agree that each of the Facility Agreement (including, for the
avoidance of doubt, the Facility Agreement Amendment and Restatement Agreement)
and the Side Letter shall be terminated and that each of the Security Documents
shall be unconditionally and irrevocably released and discharged in full in
accordance with the terms of this Deed.

 

6.3                            With effect as at the Effective Time,
the Purchasers unconditionally and irrevocably release and discharge each VIA
NET.WORKS Party from, the Sellers unconditionally and irrevocably release and
discharge each Claranet Party from, and each Party agrees that this Deed is
made in full and final settlement of, all and any Claims in, arising out of, in
connection with, or in any way related to any of the Facility Agreement, the
Original Facility Agreement, the Side Letter, the Finance Documents

 

11

 

and the Security
Documents.  This Deed is intended to and
shall constitute a full and complete waiver, release and discharge by each
Party of all or any Claims arising out of, in connection with, or in any way
related to the Facility Agreement, the Original Facility Agreement, the Side
Letter, the Finance Documents and the Security Documents.

 

6.4                            The Lender undertakes as soon as
reasonably practicable to take all reasonable steps necessary or advisable to
release the Security Documents, without limitation, the following:

 

6.4.1                          The Lender acting in its capacity as
Pledgee under the Dutch Share Pledge hereby acknowledges that
all amounts owed to the Pledgee (as defined in the Dutch Share Pledge) under or
pursuant to the Facility Agreement and/or the Original Facility Agreement have
been satisfied in full and confirms that any rights of pledge on the shares in
PSINet Netherlands created pursuant to the Dutch Share Pledge have terminated
and undertakes to provide confirmation in writing on the date of this Deed of
such termination in the form attached as Exhibit C to the Sellers which
the Sellers shall provide to PSINet Netherlands B.V..

 

6.4.2                          The Lender acting in its capacity as
Pledgee under the German Share Pledge hereby acknowledges that
all amounts owed to the Pledgee (as defined in the German Share Pledge) under
or pursuant to the Facility Agreement and/or the Original Facility Agreement
have been satisfied in full and confirms that the pledge on the shares in
PSINet Germany GmbH created pursuant to the German Share Pledge has terminated
and undertakes to provide confirmation in writing on the date of this Deed of
such termination in the form attached as Exhibit D to the Sellers which
the Sellers shall provide to PSINet Germany GmbH.

 

6.4.3                          The Lender acting in its capacity as
Pledgee under the Belgian Share Pledge hereby acknowledges that
all amounts owed to the Pledgee (as defined in the Belgian Share Pledge) under
or pursuant to the Facility Agreement and/or the Original Facility Agreement
have been satisfied in full. Consequently, the Lender hereby grants the full
release and discharge of the pledge on the shares in PSINet Belgium BVBA/SPRL
created pursuant to the Belgian Share Pledge. 
To that effect, the Lender irrevocably appoints as its special attorneys
Mr Marc Fyon and/or Mr Laurent van Compernolle or any other attorney of Stibbe,
each with power to act alone and to substitute, for the purpose of recording on
behalf of the Lender the full release of the pledge created pursuant to the
Belgian Share Pledge in the shareholders’ register of PSINet Belgium BVBA/SPRL
in the form attached as Exhibit E.

 

7                               CONTINUATION OF THE TRANSITION SERVICES AGREEMENT

 

7.1                            The Parties agree that the Transition
Services Agreement shall remain in full force and effect notwithstanding any
provision in this Deed.

 

7.2                            The plan attached is Exhibit F is
hereby delivered by the Purchasers pursuant to Attachment 1-D to the Transition
Services Agreement.  The Sellers confirm
that they have no objection to such plan.

 

12

 

7.3                            The Parties agree that:

 

7.3.1                          The Sellers shall procure that VIA
NET.WORKS España S.L. (“VIA Spain”) and the Purchasers shall procure
that Agencia de Media Numerica España S.L. (“Amen
Spain”) shall in turn use their respective reasonable endeavours to
procure that the consultancy contracts of each of Francisco Valázquez and
Antonio Luis Santeveras
(the “VS Contractors”) shall be
novated between the VS Contractors and Amen Spain or otherwise transferred to
Amen Spain from VIA Spain as soon as reasonably practicable and in any event on
or before 31 August 2005.  The
Purchasers shall procure that Amen Spain shall execute and deliver as promptly
as practicable all such confirmations, documents and assurances as VIA Spain,
the VS Contractors or any other Party may reasonably require to effect the
novation or transfer of the consultancy contracts of the VS Contractors.  The Seller shall, and shall procure that VIA
Spain shall, grant the VS Contractors licence to remain and perform their
contractual duties in the premises of VIA Spain up to and including 31 August 2005
without any charge.

 

7.3.2                          The Purchaser shall grant licence to up
to seven employees of the VIA.NETWORKS Parties to remain in Claranet’s office
at 830 Birchwood Boulevard, Warrington WA3 7QZ up to and including 31 August 2005 without
any charge.

 

7.4                            The Parties agree that:

 

7.4.1                          The Sellers shall, and shall procure
that each VIA.NETWORKS Party shall, delete all customer and billing data which
are within their possession or control which relate to the business of the
Companies (as defined in the Transition Services Agreement) upon five Business
Days’ written notice from the Purchaser.

 

7.4.2                          Upon the completion of the extraction
of data relating to the customers of the Companies (as defined in the
Transition Services Agreement) by the Purchasers in accordance with the
Transition Services Agreement, the Purchasers shall, and shall procure that
each Claranet Party shall, delete all data obtained in such extraction process
which do not relate to the Companies or their customers upon five Business Days’
notice from the Seller.

 

8                               SETTLEMENT OF CLAIMS UNDER UK SALE AGREEMENT

 

With effect as at
the Effective Time, the Purchasers unconditionally and irrevocably release and
discharge each VIA NET.WORKS Party from, the Sellers unconditionally and
irrevocably release and discharge each Claranet Party from, and the Parties
agree that this Deed is made in full and final settlement of, all and any
Claims of any Party in, arising out of, in connection with, or in any way
related to the UK Sale Agreement.  This
Deed is intended to and shall constitute a full and complete waiver, release
and discharge by each Party of all or any Claims arising out of, in connection
with, or in any way related to the UK Sale Agreement.

 

13

 

9                               ASSIGNMENT AGREEMENT

 

9.1                            Each Purchaser and each Seller confirms
that it has no objection to and hereby confirms its acceptance of the Final Schedule attached
as Exhibit G.  The Final Schedule shall
be final and binding on the Parties for all purposes.

 

9.2                            To the extent that the Intra-Group
Payables as set out in the Final Schedule differ from the estimated
Intra-Group Payables set out in Schedule 1 to the Assignment Agreement,
each Party confirms that the consideration referred to in Clause 4.1 of the
Assignment Agreement has been adjusted as provided in the Assignment Agreement.

 

9.3                            With effect as at the Effective Time,
the Purchasers unconditionally and irrevocably release and discharge each VIA
NET.WORKS Party from, and each Party agrees that this Deed is made in full and
final settlement of, all and any Claims of the Claranet Parties under the
Assignment Agreement.

 

9.4                            With effect as at the Effective Time,
the Sellers unconditionally and irrevocably release and discharge each Claranet
Party from, and each Party agrees that this Deed is made in full and final
settlement of, all and any Claims of the VIA NET.WORKS Parties under the
Assignment Agreement.

 

10                        MASTER SERVICES AGREEMENT

 

10.1                     With effect as at the Effective Time,
the Purchasers shall take reasonable steps to effect the release of each VIA
NET.WORKS Party from any and all obligations, duties, undertakings and
liabilities under the Master Services Guaranty.

 

10.2                     With effect as at the Effective Time,
the Claranet Parties jointly and severally agree to indemnify and to keep
indemnified each VIA NET.WORKS Party against all costs, expenses (reasonably
incurred, including without limitation reasonable legal fees and expenses),
losses and damages howsoever incurred, arising from or in connection with any
claim made under the Master Services Guaranty, where the cause of action is
alleged in whole or in part to have arisen on or after the First Closing Date.

 

10.3                     Notwithstanding any provision of the
Transition Services Agreement, the Parties agree the Claranet Parties may
terminate the Master Services Agreement on or after 30 September 2005.  The Purchasers shall use their best
endeavours to procure confirmation in writing (to the reasonable satisfaction
of the Sellers) from Schuberg Philis B.V. that it undertakes not to terminate
the Master Services Agreement prior to 30 September 2005 and to continue
the services thereunder without interruption until that date, such confirmation
to be delivered on the execution of this Deed or as soon as practicable
thereafter.

 

10.4                     The Purchaser shall procure that VIA
NET.WORKS Nederland withdraws its invoice number N0000084887 issued to VIA
NET.WORKS Corp Inc on 16 August 2005 in an amount of EUR48,629.99 in
relation to the costs and charges of Schuberg Philis B.V. to VIA NET.WORKS
Nederland pursuant to the Master Services Agreement in respect of the month of August 2005.  The Parties acknowledge that the sums
released by the Purchaser to the Seller in accordance with Clause 3.5 above
shall be in full satisfaction of any payment obligation of any VIA NET.WORKS
Party under the Master Services Agreement in respect of the month of August 2005.  Upon

 

14

 

execution of this
Deed, the Purchasers shall procure that VIA NET.WORKS Nederland shall pay the
outstanding costs and charges invoiced by Schuberg Philis B.V. under the Master
Services Agreement in respect of August 2005 and shall thereafter deliver
confirmation to the Sellers that all costs and charges under the Master Service
Agreement in respect of August 2005 have been paid in full.

 

10.5                     The Sellers shall be liable to pay all
costs and charges (including VAT) invoiced by Schuberg Philis B.V. to VIA
NET.WORKS Nederland pursuant to the Master Services Agreement in respect of the
month of September 2005, which the Parties acknowledge to be expected to
amount to EUR59,288.19.

 

10.5.1                   In the event that any such costs or
charges become due and payable before the date on which the Purchaser is to
perform its obligations under Clause 3.6 above, the Sellers shall as soon as
practicable pay those costs or charges directly to Schuberg Philis B.V. on
behalf of VIA NET.WORKS Nederland and shall thereafter provide confirmation in
writing to the Purchasers that all such costs and charges have been paid in
full.

 

10.5.2                   In the event that any costs or charges
in respect of September 2005 are not due and payable (but shall in the
future become so), or have not been paid by the Sellers having become due and
payable, immediately before the Purchaser is to perform its obligations under
Clause 3.6 above (and provided that the relevant confirmation from Schuberg
Philis B.V. has been delivered to the Sellers in accordance with Clause 10.3
above), the Purchaser shall deduct from the sum of US$350,673 otherwise to be
released to the benefit of the Seller in accordance with Clause 3.6 above a sum
of EUR59,288.19 (converted from euro to US dollars at the Conversion Rate).

 

11                        PSINET BELGIUM

 

The Sellers
hereby give notice to the Purchasers, and the Purchasers hereby acknowledge in
accordance with the terms the Belgian Share Pledge, that Holdco as pledgor has
transferred five shares (numbered 1 to 5) of PSINet Belgium BVBA/SPRL to VIA
NET.WORKS UK Holdings Limited.  VIA NET.WORKS UK Holdings Limited
is a company within the group to which Holdco belongs and the Sellers confirm
that VIA NET.WORKS UK Holdings Limited has agreed to be bound by the terms of
the Belgian Share Pledge, thereby also becoming a pledgor pursuant to the terms
of the Belgian Share Pledge.  Such
acknowledgement is in the form attached at Exhibit H and shall be delivered
by VIA NET.WORKS UK Holdings Limited at the signing of this Deed.

 

12                        ALFA ACCOUNTANTS

 

Each of the
Purchasers agrees that if at, or any time after, the Effective Time the Sellers
deliver to the Purchasers a letter from Alfa Accountants releasing Claranet
from its obligation to pay the Alfa Funds, the Purchasers shall procure the
payment of an amount in cash equal to the Alfa Funds to the Seller’s Account
within three Business Days of receipt of such letter.

 

13                        FURTHER ACKNOWLEDGEMENTS

 

Each Party
acknowledges that it and/or its Affiliates may at the date hereof be in
possession of information which is or may be material relating to this Deed or
any Claim or any

 

15

 

Termination Claim
or the value(s) thereof and which is not, or may not be, known to the other
Parties and that there is no obligation on the part of any Party and/or its
Affiliates to disclose to the other Parties any such information (whether or
not confidential) and none of the Parties nor any of their Affiliates shall be
liable to the other Parties by reason of any such non-disclosure.

 

14                        INDEMNITY

 

14.1                     The Purchasers jointly and severally
agree to indemnify and to keep indemnified the Sellers (and their respective
Affiliates and their respective present and former officers, directors,
employees, representatives, agents, successors and assigns) against all costs,
expenses (reasonably incurred, including without limitation reasonable legal
fees and expenses), losses and damages howsoever incurred, arising from or in
connection with any breach by them of any obligation, agreement, representation
or warranty under this Deed.

 

14.2                     The Sellers jointly and severally agree
to indemnify and to keep indemnified the Purchasers (and their respective
Affiliates and their respective present and former officers, directors,
employees, representatives, agents, successors and assigns) against all costs,
expenses (reasonably incurred, including without limitation reasonable legal
fees and expenses), losses and damages howsoever incurred, arising from or in
connection with any breach by them of any obligation, agreement, representation
or warranty under this Deed.

 

15                        REPRESENTATIONS AND WARRANTIES

 

15.1                     Each Party represents and warrants in
respect of itself that it is duly organised and validly existing under the laws
of the jurisdiction of its organisation or incorporation and, if relevant under
such laws, that it is in good standing.

 

15.2                     Each Purchaser represents and warrants
in respect of itself that it has not made, instituted or pursued any
proceedings against any entity or person whatsoever in respect of (i) any
Claim arising out of or in relation to the Sale and Purchase Agreement, the
Facility Agreement, the Original Facility Agreement, the Assignment Agreement,
the Demand Notice, the Finance Documents, the Security Documents, the Side
Agreements, the Side Letter, the Transition Services Agreement, the UK Sale
Agreement or the Utilisation Request or (ii) any Termination Claim.

 

15.3                     Each Seller represents and warrants in
respect of itself that it has not made, instituted or pursued any proceedings
against any entity or person whatsoever in respect of (i) any Claim
arising out of or in relation to the Sale and Purchase Agreement, the Facility
Agreement, the Original Facility Agreement, the Assignment Agreement, the
Demand Notice, the Finance Documents, the Security Documents, the Side
Agreements, the Side Letter, the Transition Services Agreement, the UK Sale
Agreement or the Utilisation Request or (ii) any Termination Claim.

 

15.4                     Each Party represents and warrants in
respect of itself that:

 

15.4.1                   it has the power to execute this Deed,
to deliver this Deed and to perform its obligations under this Deed and has
taken all necessary action to authorise such execution, delivery and
performance;

 

16

 

15.4.2                   such execution, delivery and
performance does not violate or conflict with any law or regulation applicable
to it, any provision of each of its constitutional documents, any order or
judgment of any court or other agency of government applicable to it or any of
its assets or any contractual restriction binding on or affecting it or any of
its assets;

 

15.4.3                   all governmental, regulatory and other
consents that are required to have been obtained by it with respect to this
Deed have been obtained and are in full force and effect and all conditions of
any such consents have been complied with;

 

15.4.4                   its obligations under this Deed
constitute its legal, valid and binding obligations, enforceable in accordance
with their terms (subject to applicable bankruptcy, reorganisation, insolvency,
moratorium or similar laws affecting creditors’ rights generally and subject,
as to enforceability, to equitable principles of general application
(regardless of whether enforcement is sought in a proceeding in equity or at
law));

 

15.4.5                   it is a sophisticated institution with
knowledge and experience in financial and business matters capable of
evaluating the merits, risks and suitability of entering into this Deed and
understands and accepts the terms of this Deed;

 

15.4.6                   it is acting as principal for its own
account in entering into this Deed and has made its own independent decisions
and where appropriate has relied upon such tax, accounting, regulatory, legal
and financial advice as it deems necessary as to whether this Deed is
appropriate or proper;

 

15.4.7                   except for the statements,
representations and warranties expressly set forth in this Deed, it is not
relying, and is not entitled to rely, on any statement, representation or
warranty of any other Party (or any of its Affiliates or representatives)
relating to this Deed or the sufficiency of the consideration hereunder or
relating to the Sale and Purchase Agreement, the Facility Agreement, the
Original Facility Agreement, the Assignment Agreement, the Termination Notice,
the Acceleration Notice, the Demand Notice, the Finance Documents, the Security
Documents, the Side Agreements, the Side Letter, the UK Sale Agreement or the
Utilisation Request or any Termination Claim or the values thereof; and

 

15.4.8                   each Party (or any of its Affiliates)
has no duty, it will not at any time in the future assert that another Party
(or any of its Affiliates) has a duty, it hereby disclaims and rejects that any
special, advisory or fiduciary relationship exists between any VIA NET.WORKS
Party (or any of its Affiliates) and any Claranet Party (or any of its
Affiliates) that gives or might give rise to any duty, and to the fullest
extent permitted by law it hereby releases the other Parties from any duty, in
each case to make any disclosure of facts known to any other Party (or any of
its Affiliates) and not known to it relating to this Deed or the sufficiency of
the consideration hereunder or relating to the Sale and Purchase Agreement, the
Facility Agreement, the Original Facility Agreement, the Assignment Agreement,
the Demand Notice, the Finance Documents, the Security Documents, the Side
Agreements, the Side Letter,

 

17

 

the Transition
Services Agreement, the UK Sale Agreement or the Utilisation Request or any
Termination Claim or the values thereof;

 

15.4.9                   it has entered into this Deed and the
Sale and Purchase Agreement in good faith and acknowledges that each other
Party has entered into this Deed and the Sale and Purchase Agreement in good
faith; and

 

15.4.10            its execution of this Deed has been properly
authorised and approved by its board of directors.

 

16                        COVENANTS AND UNDERTAKINGS

 

16.1                     Each Purchaser covenants and undertakes
with the Sellers that it will not:

 

16.1.1                   make, institute, or pursue any claim,
suit or action in any jurisdiction against any other person or entity that
might give rise to any Claim in connection with the Sale and Purchase Agreement
(save in relation to the Surviving Clauses) or the Facility Agreement or any
Termination Claim by such person or entity against any VIA NET.WORKS Party, or

 

16.1.2                   procure, assist in or become a party
to, any claim, suit or proceeding brought by any other party in any
jurisdiction against any VIA NET.WORKS Party relating to any Claim in
connection with the Sale and Purchase Agreement (save in relation to the
Surviving Clauses), the Facility Agreement or any Termination Claim,

 

in each case save
to the extent necessary to comply with any direction or order of any court,
tribunal, governmental or regulatory body.

 

16.2                     Each Seller covenants and undertakes
with the Purchasers that it will not:

 

16.2.1                   make, institute, or pursue any claim,
suit or action in any jurisdiction against any other person or entity that
might give rise to any Claim in connection with the Sale and Purchase Agreement
(save in relation to the Surviving Clauses) or the Facility Agreement or any
Termination Claim by such person or entity against any Claranet Party, or

 

16.2.2                   procure, assist in or become a party
to, any claim, suit or proceeding brought by any other party in any
jurisdiction against any Claranet Party relating to any Claim in connection
with the Sale and Purchase Agreement (save in relation to the Surviving
Clauses), the Facility Agreement or any Termination Claim,

 

in each case save
to the extent necessary to comply with any direction or order of any court,
tribunal, governmental or regulatory body.

 

17                        CONFIDENTIALITY

 

17.1                     The existence and terms of this Deed,
together with the circumstances leading to its execution and the prior
relationship of the VIA NET.WORKS Parties and the Claranet Parties, shall be
confidential to the Parties and their respective legal advisers, and shall not
be disclosed (in a public statement or otherwise) by them to any third party or
be the subject of any public comment in any circumstances whatsoever except:

 

18

 

17.1.1                   to the extent necessary to comply with
applicable laws;

 

17.1.2                   to the extent necessary to comply with
any direction or order of any court or tribunal of competent jurisdiction;

 

17.1.3                   to the extent necessary to comply with
any requirement or request by any governmental, administrative, regulatory or
self regulatory body having authority to regulate or oversee any aspect of a
Party’s business or that of its Affiliates;

 

17.1.4                   to the extent necessary to enforce this
Deed;

 

17.1.5                   to the Parties’ respective auditors,
insurers and/or legal advisers of such auditors or insurers; or

 

17.1.6                   with the prior written consent of each
of the other Parties (such consent not to be unreasonably withheld).

 

If any such
exception applies, the Party making disclosure or comment (i) shall, in
the case of Clauses 17.1.1 to 17.1.4 above (and except where prevented from
doing so under applicable laws or under any direction or order of any court or
tribunal of competent jurisdiction or any requirement of a governmental,
administrative, regulatory or self regulatory body), notify each of the other
Parties hereto within a reasonable time in advance of such disclosure and (ii) shall,
in the case of Clauses 17.1.1 to 17.1.3 above, also use reasonable endeavours
to obtain from the relevant third party an undertaking both to maintain such
confidentiality and not to make any disclosure to any other party.  For the purposes of this Clause 17, the
Purchasers acknowledge the disclosure obligations relating to this Deed
incumbent upon the Sellers as listed companies.

 

18                        GOVERNING LAW, JURISDICTION AND PROCESS AGENT

 

18.1                     This Deed shall be governed by and
construed in accordance with English law.

 

18.2                     The Parties shall submit any dispute or
difference arising out of or in connection with this Deed (including a dispute
regarding the existence or validity of this Deed) to the exclusive jurisdiction
of the English courts.  Each of the
Parties agrees that the English courts are the most appropriate and convenient
courts to settle such disputes or differences and, accordingly, no Party will
argue to the contrary and no Party will contest jurisdiction on the grounds
that the English courts are an inconvenient forum or otherwise.

 

18.3                     The Sellers hereby irrevocably appoint
Hogan & Hartson Corporate Services Limited as their agent to accept
service of process in England in any legal action or proceedings arising out of
this Deed, service upon whom shall be deemed completed whether or not forwarded
to or received by the Sellers.  The
Sellers agree to inform the Purchasers in writing of any change of address of
such process agent within 28 days of such change.  If such process agent ceases to be able to
act as such or to have an address in England, the Sellers irrevocably agree to
appoint a new process agent in England acceptable to the Purchasers and to
deliver to the Purchasers within 14 days a copy of a written acceptance of
appointment by the process agent. 
Nothing in this Deed shall affect the right to serve process in any
other manner permitted by law or the right to bring proceedings in any other

 

19

 

jurisdiction for
the purposes of the enforcement or execution of any judgment or other
settlement in any other courts.

 

18.4                     Clara.net Holdings hereby irrevocably
appoints Hackwood Secretaries Limited as its agent to accept service of process
in England in any legal action or proceedings arising out of this Deed, service
upon whom shall be deemed completed whether or not forwarded to or received by
Clara.net Holdings.  Clara.net Holdings
agrees to inform the Sellers in writing of any change of address of such
process agent within 28 days of such change. 
If such process agent ceases to be able to act as such or to have an
address in England, Clara.net Holdings irrevocably agrees to appoint a new
process agent in England acceptable to the Sellers and to deliver to the
Sellers within 14 days a copy of a written acceptance of appointment by the
process agent.  Nothing in this Deed
shall affect the right to serve process in any other manner permitted by law or
the right to bring proceedings in any other jurisdiction for the purposes of
the enforcement or execution of any judgment or other settlement in any other
courts.

 

19                        NON-ADMISSION OF LIABILITY

 

It is expressly agreed
and acknowledged by each of the Parties to this Deed that the execution and
performance of this Deed is not, and is not to be construed as, any admission
whatsoever of any liability on the part of any of the Parties, save to perform
their obligations under this Deed.

 

20                        ENTIRE AGREEMENT

 

The Parties agree
that this Deed constitutes the entire agreement and understanding of the
Parties with respect to its subject matter and supersedes all oral
communication and prior writings with respect thereto.

 

21                        CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999

 

Save as
contemplated by Clauses 2, 4, 5, 6, 8, 9, 13, 14 and 16 above, a person who is
not a party to this Deed has no rights by virtue of the Contracts (Rights of
Third Parties) Act 1999 to enforce any provision of this Deed but this does not
affect any right or remedy of a third party which exists or is available apart
from that Act.

 

22                        NOTICES

 

22.1                     Any notice or other communication in
connection with this Deed (each, a “Notice”)
shall be:

 

22.1.1                   in writing in English;

 

22.1.2                   delivered by hand, fax, registered post
or by courier using an internationally recognised courier company.

 

22.2                     A Notice to the Sellers or to either of
them shall be sent to the following address, or such other person or address as
the Sellers or VIA Inc may notify to the Relevant Purchasers from time to time:

 

	
  VIA NET.WORKS Inc.

  
	
  H. Walaardt Sacrestraat 401-403

  

 

20

 

	
  1117 BM Schiphol

  
	
  The Netherlands

  
	
   

  	
   

  
	
  Fax:

  	
  +31 205 020 022

  
	
   

  	
   

  
	
  Attention:

  	
  Matt Nydell (Senior Vice
  President and General Counsel

  
	
   

  	
  and Secretary)

  
	
   

  	
   

  
	
  with a copy to:

  
	
   

  	
   

  
	
  Hogan & Hartson

  
	
  One Angel Court

  
	
  London EC2R 7HJ

  
	
  United Kingdom

  
	
   

  	
   

  
	
  Fax:

  	
  +44 20 7367 0220

  
	
   

  	
   

  
	
  Attention:

  	
  John M. Basnage

  

 

22.3                     A Notice to the Relevant Purchasers
shall be sent to the following address, or such other person or address as the
Relevant Purchasers may notify to the Sellers from time to time:

 

	
  Claranet Group Limited

  21 Southampton Row

  London WC1B 5HA

  
	
   

  	
   

  
	
  Fax:

  	
  +44 20 7681 2564

  
	
   

  	
   

  
	
  Attention:

  	
  Charles Nasser

  

 

22.4                     A Notice shall be effective upon
receipt and shall be deemed to have been received:

 

22.4.1                   at the time of delivery, if delivered
by hand, registered post or courier; or

 

22.4.2                   at the time of transmission in legible
form, if delivered by fax.

 

23                        SEVERABILITY

 

Any provision of
this Deed which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof or
affecting the validity or enforceability of such provision in any other
jurisdiction.

 

24                        FURTHER ASSURANCE

 

Each of the
Parties shall do and execute, or arrange for the doing and executing of, each
act, document and thing which is of a mechanical or administrative nature and
which is reasonably within its power to the extent necessary to perform its
obligations under this Deed.

 

25                        GENERAL

 

25.1                     Each Party shall bear its own costs in
connection with the negotiation, execution and implementation of this Deed.

 

21

 

25.2                     This Deed shall be binding on the
Parties, their successors and assigns and the name of a Party appearing herein
shall be deemed to include the names of any such successor or assign.

 

25.3                     This Deed may be executed in any number
of counterparts, all of which, taken together, shall constitute one and the
same agreement and any of the Parties may enter into this Deed by executing a
counterpart.

 

22

 

In witness whereof this
agreement has been duly executed as a Deed.

 

 

	
  SIGNED as a Deed by and 

  	
   

  
	
  on behalf of VIA
  NET.WORKS, Inc.:

  
	
   

  
	
   

  
	
   

  	
   

  
	
  SIGNED as a Deed by and 

  	
   

  
	
  on behalf of VIA NET.WORKS
  Holdco, 

  
	
  Inc.:

  
	
   

  
	
   

  
	
  SIGNED as a Deed by and

  	
   

  
	
  on behalf of VIA NET.WORKS NY

  
	
  Corp, Inc.:

  
	
   

  
	
   

  
	
  SIGNED as a DEED by 

  	
   

  
	
  and on behalf of Claranet Group

  
	
  Limited:

  
	
   

  	
   

  
	
   

  	
   

  
	
  SIGNED as a DEED by 

  	
   

  
	
  and on behalf of Clara.net Holdings

  
	
  Limited:

  

 

23

EXHIBIT A

 

PART 1

 

From:      [Relevant A Group
Company]

 

To:          [Relevant B Group
Company]

 

• August 2005

 

Dear
Sirs

 

Re Project Arena

 

We
refer to the agreement dated 30 April 2005 (as amended and restated on 12 July 2005)
setting out the terms on which VIA NET.WORKS Inc., VIA NET.WORKS Holdco, Inc.
and VIA NET.WORKS NY Corp, Inc. agreed to sell the operating subsidiaries
and the assets and the liabilities described in such agreement to Claranet
Group Limited and Clara.net Holdings Limited (the “SPA”) and, in particular, clause 6.5 of the SPA. Terms and
expressions defined in the SPA shall have the same meanings when used in this
letter and the schedule hereto, unless expressly stated otherwise.

 

We
hereby confirm and acknowledge that:

 

1.             the Repayable
Intra-Group Receivables owed by you to us (as set out in the schedule hereto)
have been repaid (or been deemed to have been repaid by way of set-off or
otherwise) to us or to the Sellers on our behalf in full in accordance with the
terms of the SPA;

 

2.             there are no further
such amounts owed by you to us; and

 

3.             as such you have
validly discharged your obligations to us in respect of such amounts for the
purposes of clause 6.5 of the SPA and otherwise.

 

The
terms of this letter shall be governed by English law.

 

Yours
faithfully

 

 

	
   

  	
   

  
	
  For and on behalf of

  
	
  [Relevant A Group Company]

  

 

24

 

Schedule

 

Part A - Repayable Intra-Group Payables

 

	
  A Group
  Company owing 

  Payable

  	
   

  	
  B Group Company to whom 

  Payable is owed

  	
   

  	
  Amount of 

  Payable 

  (in US$)

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  PSINet Switzerland Sarl

  	
   

  	
  180,645

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS Deutschland
  GmbH

  	
   

  	
  135,986

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS France SA

  	
   

  	
  82,634

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS UK Holding
  Ltd

  	
   

  	
  523

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS IRU Co. Ltd

  	
   

  	
  327,574

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  PSINet Netherlands B.V.

  	
   

  	
  31,265

  	
   

  
	
  Agence des Medias Numeriques
  SAS

  	
   

  	
  VIA NET.WORKS France SA

  	
   

  	
  58,320

  	
   

  
	
  Amen Nederland B.V.

  	
   

  	
  PSINet Netherlands B.V.

  	
   

  	
  10,929

  	
   

  
	
  VIA
  NET.WORKS Portugal - 

  Tecnologias de Informacao, SA

  	
   

  	
  PSINet Switzerland Sarl

  	
   

  	
  93,989

  	
   

  
	
  VIA
  NET.WORKS Portugal - 

  Tecnologias de Informacao, SA

  	
   

  	
  VIA NET.WORKS France SA

  	
   

  	
  3,894

  	
   

  
	
  VIA
  NET.WORKS Portugal - 

  Tecnologias de Informacao, SA

  	
   

  	
  VIA NET.WORKS UK Holding
  Ltd

  	
   

  	
  362

  	
   

  
	
  Total
  Repayable Intra-Group Payables:

  	
   

  	
   

  	
   

  	
  926,121

  	
   

  

 

Part B - Repayable Intra-Group Receivables

 

	
  A Group
  Company to whom 

  Receivable is owed

  	
   

  	
  B Group Company owing 

  Receivable

  	
   

  	
  Amount of 

  Receivable 

  (in US$)

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS Europe
  Holding B.V.

  	
   

  	
  58,293

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS Express B.V.

  	
   

  	
  231,657

  	
   

  
	
  VIA
  NET.WORKS Portugal - 

  Tecnologias de Informacao, SA

  	
   

  	
  VIA NET.WORKS Deutsche
  Holding GmbH

  	
   

  	
  1,185

  	
   

  
	
  VIA
  NET.WORKS Portugal -

  Tecnologias de Informacao, SA

  	
   

  	
  VIA NET.WORKS Espana S.L.

  	
   

  	
  23,713

  	
   

  
	
  VIA NET.WORKS
  USA, Inc.

  	
   

  	
  VIA NET.WORKS Express B.V.

  	
   

  	
  38,905

  	
   

  
	
  Total
  Repayable Intra-Group Receivables:

  	
   

  	
   

  	
   

  	
  353,753

  	
   

  

 

25

EXHIBIT A

 

PART 2

 

From:      [Relevant B Group
Company]

 

To:          [Relevant A Group
Company]

 

• August 2005

 

Dear
Sirs

 

Re Project Arena

 

We
refer to the agreement dated 30 April 2005 (as amended and restated on 12 July 2005)
setting out the terms on which VIA NET.WORKS Inc., VIA NET.WORKS Holdco, Inc.
and VIA NET.WORKS NY Corp, Inc. agreed to sell the operating subsidiaries
and the assets and the liabilities described in such agreement to Claranet
Group Limited and Clara.net Holdings Limited (the “SPA”) and, in particular, clause 6.5 of the SPA. Terms and
expressions defined in the SPA shall have the same meanings when used in this
letter and the schedule hereto, unless expressly stated otherwise.

 

We
hereby confirm and acknowledge that:

 

1.             the Repayable
Intra-Group Payables owed by you to us (as set out in the schedule hereto)
have been repaid (or been deemed to have been repaid by way of set-off or
otherwise) to us or to the Sellers on our behalf in full in accordance with the
terms of the SPA;

 

2.             there are no further
such amounts owed by you to us; and

 

3.             as such you have
validly discharged your obligations to us in respect of such amounts for the
purposes of clause 6.5 of the SPA and otherwise.

 

The
terms of this letter shall be governed by English law.

 

Yours
faithfully

 

 

	
   

  	
   

  
	
  For and on behalf of

  
	
  [Relevant B Group Company]

  

 

26

 

Schedule

 

Part A - Repayable Intra-Group Payables

 

	
  A Group
  Company owing 

  Payable

  	
   

  	
  B Group Company to whom

  Payable is owed

  	
   

  	
  Amount of 

  Payable 

  (in US$)

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  PSINet Switzerland Sarl

  	
   

  	
  180,645

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS Deutschland
  GmbH

  	
   

  	
  135,986

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS France SA

  	
   

  	
  82,634

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS UK Holding
  Ltd

  	
   

  	
  523

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS IRU Co. Ltd

  	
   

  	
  327,574

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  PSINet Netherlands B.V.

  	
   

  	
  31,265

  	
   

  
	
  Agence des Medias Numeriques
  SAS

  	
   

  	
  VIA NET.WORKS France SA

  	
   

  	
  58,320

  	
   

  
	
  Amen Nederland B.V.

  	
   

  	
  PSINet Netherlands B.V.

  	
   

  	
  10,929

  	
   

  
	
  VIA
  NET.WORKS Portugal - 

  Tecnologias de Informacao, SA

  	
   

  	
  PSINet Switzerland Sarl

  	
   

  	
  93,989

  	
   

  
	
  VIA
  NET.WORKS Portugal - 

  Tecnologias de Informacao, SA

  	
   

  	
  VIA NET.WORKS France SA

  	
   

  	
  3,894

  	
   

  
	
  VIA
  NET.WORKS Portugal - 

  Tecnologias de Informacao, SA

  	
   

  	
  VIA NET.WORKS UK Holding
  Ltd

  	
   

  	
  362

  	
   

  
	
  Total
  Repayable Intra-Group Payables:

  	
   

  	
   

  	
   

  	
  926,121

  	
   

  

 

Part B - Repayable Intra-Group Receivables

 

	
  A Group
  Company to whom 

  Receivable is owed

  	
   

  	
  B Group Company owing 

  Receivable

  	
   

  	
  Amount of 

  Receivable 

  (in US$)

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS Europe Holding B.V.

  	
   

  	
  58,293

  	
   

  
	
  VIA NET.WORKS Nederland
  B.V.

  	
   

  	
  VIA NET.WORKS Express B.V.

  	
   

  	
  231,657

  	
   

  
	
  VIA
  NET.WORKS Portugal - 

  Tecnologias de Informacao, SA

  	
   

  	
  VIA NET.WORKS Deutsche Holding GmbH

  	
   

  	
  1,185

  	
   

  
	
  VIA
  NET.WORKS Portugal - 

  Tecnologias de Informacao, SA

  	
   

  	
  VIA NET.WORKS Espana S.L.

  	
   

  	
  23,713

  	
   

  
	
  VIA NET.WORKS
  USA, Inc.

  	
   

  	
  VIA NET.WORKS Express B.V.

  	
   

  	
  38,905

  	
   

  
	
  Total
  Repayable Intra-Group Receivables:

  	
   

  	
   

  	
   

  	
  353,753

  	
   

  

 

27

 

EXHIBIT B

 

[Contractsoverneming]

 

28

 

EXHIBIT C

 

[Claranet letterhead]

 

To:          PSINet Netherlands
B.V.

 

Paul van Vlissingenstraat 16

 

1096 BK Amsterdam

 

Amsterdam, The Netherlands.

 

 

Date:       [•] August 2005

 

 

Ladies
and Gentlemen:

 

 

We
refer to a deed of pledge on shares in PSINet Netherlands B.V. dated 10 May 2005
(the “Deed of Pledge”). Pursuant
to the Deed of Pledge we hereby inform you that all amounts owed to the Pledgee
(as defined in the Deed of Pledge) under or pursuant to the €5,370,157 Facility
Agreement dated 30 April 2005 among VIA NET.WORKS, Inc. and Clara.net
Holdings Limited (and under or pursuant to such Agreement as amended and
restated on 12 July 2005) have been satisfied in full and the rights of
pledge created pursuant to the Deed of Pledge have terminated.

 

Yours
faithfully

 

 

Clara.net
Holdings Limited

 

29

 

EXHIBIT D

 

[Claranet letterhead]

 

To:          PSINet Germany GmbH

 

Carl Zeiss Ring 19

 

85737 Ismaning

 

Germany

 

 

Date:       [•] August 2005

 

 

Ladies
and Gentlemen:

 

 

We
refer to a deed of pledge on shares in PSINet Germany GmbH dated 10 May 2005
(the “Deed of Pledge”). Pursuant
to the Deed of Pledge we hereby inform you that all amounts owed to the Pledgee
(as defined in the Deed of Pledge) under or pursuant to the €5,370,157 Facility
Agreement dated 30 April 2005 among VIA NET.WORKS, Inc. and Clara.net
Holdings Limited (and under or pursuant to such Agreement as amended and
restated on 12 July 2005) have been satisfied in full and the rights of
pledge created pursuant to the Deed of Pledge have terminated.

 

Yours
faithfully

 

 

Clara.net
Holdings Limited

 

30

 

EXHIBIT E

 

[Claranet Letterhead]

 

To:          PSINet Belgium
BVBA/SPRL

 

Medialaan 32, bus 3

 

1800 Vilvoorde

 

Belgium

 

 

Date:       [•] August 2005

 

 

Ladies
and Gentlemen:

 

 

The
undersigned, Clara.Net Holdings Limited, acting in its capacity as Pledgee
under a Share Pledge Agreement dated 10 May 2005 in respect of the shares
of PSINet Belgium BVBA/SPRL granted by VIA NET.WORKS Holdco, Inc. and VIA
NET.WORKS UK Holdings Limited as pledgors to the undersigned, as Pledgee (the “Belgian Share Pledge”) hereby acknowledges
that all amounts owed to the Pledgee (as defined in the Belgian Share Pledge)
under or pursuant to the €5,370,157 Facility Agreement dated 30 April 2005
among VIA NET.WORKS, Inc. and Clara.net Holdings Limited (and under or
pursuant to such Agreement as amended and restated on 12 July 2005) have
been satisfied in full.

 

Consequently,
the undersigned hereby grants the full release and discharge to the pledgors of
the pledge on the shares in PSINet Belgium BVBA/SPRL created pursuant to the
Belgian Share Pledge.

 

To
that effect, the undersigned irrevocably appoints as its special attorneys Mr
Marc Fyon and/or Mr Laurent van Compernolle or any other attorney of Stibbe,
each with power to act alone and to substitute, for the purpose of recording on
behalf of the undersigned the full release of the pledge created pursuant to
the Belgian Share Pledge in the shareholders’ register of PSINet Belgium
BVBA/SPRL.

 

Yours
faithfully

 

 

Clara.net
Holdings Limited

 

31

 

EXHIBIT F

 

Back Office
Migration Plan

 

VIA
Inc will co-operate and provide assistance to allow Claranet to separate the
networks of VIA NET.WORKS Nederland and Via NET.WORKS Portugal - Tecnologias de
Informacao away from AS5669.  Requests
for assistance will be given with 1 day’s notice and assistance will not be
unreasonably withheld.  Where convenient,
the Via Inc and Claranet will form BGP peerings to maintain network
connectivity.

 

Prism

 

•           VIA Inc will take a
copy of a back-up of the full Prism/Resolve database.

 

•           VIA Inc will run a
Jonathan Stowe script which will remove all data not pertaining to Portugal,
the Netherlands or the United States from this full backup.

 

•           VIA Inc will run a
Jonathan Stowe script which extracts the pricing data for Portugal, the
Netherlands and the United States from the original master back-up and adds it
to the new extracted database.

 

•           VIA Inc will then FTP
this single database to a Claranet server.

 

Coda

 

•           VIA Inc will FTP a
copy of the full VIA Coda database to Coda (or allow them access to a back-up
of the full Coda database).

 

•           Coda will then run a
script which does the following:

 

(a)          creates an empty coda
database; and

 

(b)          extracts a set of
companies (one or more to be supplied as parameters), and adds the records into
the database created in (a).

 

•           Coda will then FTP
the resulting database to a Claranet server.

 

At
the times requested by Claranet on reasonable notice and during business hours,
VIA inc shall carry out the actions above three times in the first two weeks
after the Effective Date and once a week thereafter.

 

Cognos

 

VIA
Inc will provide the source code, or source definitions, of the reports
generated in Cognos to produce reports from Coda associated with the three
countries.

 

Switchover

 

With
a 48 hour notice period, Claranet will request VIA Inc disable all billing
(invoice, credit card, debit, multibanco etc) associated with a specific
country, with the action to be carried out at an agreed time within that 48
hour period.  The switchover from VIA Inc
to Claranet back office systems may be carried out at different times for each
of the three countries.

 

32

 

EXHIBIT G

 

Final
Schedule

 

	
  Relevant
  Subsidiary

  	
   

  	
  Relevant Assignor

  	
   

  	
  Intra-Group Payable 

  US$

  	
   

  
	
  VIA NET.WORKS Nederland B.V.

  	
   

  	
  VIA NET.WORKS, Inc

  	
   

  	
  22,867,360

  	
   

  
	
  VIA NET.WORKS USA, Inc.

  	
   

  	
  VIA NET.WORKS, Inc.

  	
   

  	
  5,748,806

  	
   

  
	
  Via
  Net. Works Portugal -Tecnologias de Informacao

  	
   

  	
  VIA NET.WORKS, Inc.

  	
   

  	
  1,036,180

  	
   

  
	
  Agence
  des Medias Numeriques SAS

  	
   

  	
  VIA NET.WORKS, Inc.

  	
   

  	
  317,954

  	
   

  
	
  Agence
  des Medias Numeriques SAS

  	
   

  	
  VIA NET.WORKS Holdco, Inc.

  	
   

  	
  904,950

  	
   

  
	
  Amen Nederland B.V.

  	
   

  	
  VIA NET.WORKS, Inc.

  	
   

  	
  32,378

  	
   

  
	
  Agencia de Media Numerica España, S.L.

  	
   

  	
  VIA NET.WORKS, Inc.

  	
   

  	
  0

  	
   

  

 

33

 

EXHIBIT H

 

Belgian
Share Pledge Letter

 

VIA
NET.WORKS UK HOLDINGS LIMITED

 

To:
Clara.net Holdings Limited

PO
Box 274

Thirty
Six Hilgrove Street

St
Helier

Jersey
JE4 8TR

 

[•] August 2005

 

 

Dear
Sirs

 

PLEDGE OVER SHARES HELD IN PSINET BELGIUM BVBA/SPRL BY
VIA NET.WORKS HOLDCO, INC., IN FAVOUR OF CLARA.NET HOLDINGS LIMITED DATED 10 MAY 2005
(THE “SHARE PLEDGE”)

 

We
refer to the above Share Pledge.  In
accordance with Clause 4.2(i)(ii) of the Share Pledge:

 

1.             We hereby notify you
that we have purchased five (5) shares numbered 1 to 5 (the “Transferred Shares”) from VIA NET.WORKS
Holdco, Inc., on the terms of a share purchase agreement dated ..... August 2005
and made between us and VIA NET.WORKS Holdco. Inc.

 

2.             We acknowledge that
the transfer of the Transferred Shares shall not affect the pledge of the
Transferred Shares under the Share Pledge and we agree to grant to you a first
ranking pledge (“gage en premier rang –
eersterangspandrecht”), in accordance with the terms of the Share
Pledge, over the Transferred Shares and on any additional shares in the Company
that it may subscribe to or acquire in the future, on the terms of the Share
Pledge.

 

This letter shall be
governed by and interpreted in accordance with Belgian law.

 

Yours
faithfully

 

For
and on behalf of

 

VIA NET.WORKS UK Holdings Limited

 

 

	
   

  	
   

  
	
  M Nydell

  
	
  Director

  

 

34

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