Document:

ex4-19

 

EXHIBIT 4.19

 

FORM OF AGENCY AGREEMENT SUPPLEMENT

 

 

 

VERSATEL TELECOM INTERNATIONAL N.V.

 

as Company

 

and

 

ING BANK N.V.

 

as Paying Agent, Conversion Agent,

Conversion Calculation Agent and Registrar

 

AGENCY AGREEMENT SUPPLEMENT NO. 1

 

 

Dated as of              
      , 2002

 

€360,000,000

 

4.0% Convertible Senior Notes due 2005

 

 

 

AGENCY AGREEMENT SUPPLEMENT NO. 1

     AGENCY AGREEMENT SUPPLEMENT NO. 1, dated as of                    ,
2002 (the “Agency Agreement Supplement”), between VERSATEL TELECOM
INTERNATIONAL N.V., a public company with limited liability organized under the
laws of The Netherlands, and having its corporate seat in Amsterdam, The
Netherlands (the “Company”), and ING BANK N.V., as Paying Agent, Conversion
Agent, Conversion Calculation Agent and Registrar (the “Bank”), to the
Principal Paying Agent, Conversion Agent, Conversion Calculation Agent and
Registrar Agreement dated as of March 30, 2000, between the Company and the
Bank relating to €360,000,000 initial principal amount of the Company’s 4.0%
Convertible Senior Notes due 2005 (as supplemented, the “Agency Agreement”).
Capitalized terms used herein but not defined herein shall have the meanings
given to such terms in the Agency Agreement.

W I T N E S S E T H:

     WHEREAS, the Company has initiated an exchange offer and consent
solicitation pursuant to which the Company has solicited consents to amend and
modify certain provisions of the Agency Agreement and the terms and conditions
of the Notes in accordance with Section 17.2 of the Agency Agreement;

     WHEREAS, pursuant to the solicitation of such consents, the Company has
received the written consent of the Noteholders of not less than sixty-six and
two thirds percent (66-2/3%) in aggregate principal amount of the Notes
outstanding to such amendments and modifications to the Agency Agreement and
the terms and conditions of the Notes and the adoption of a supplemental Agency
Agreement reflecting such amendments and modifications; and

     WHEREAS, all of the conditions and requirements necessary to make this
Agency Agreement Supplement, when duly executed and delivered, a legal, valid
and binding instrument in accordance with its terms, and for the purposes
herein expressed have been done, performed and fulfilled, and the execution and
delivery of this Agency Agreement Supplement in the form and with the terms
hereof have been in all respects duly authorized.

     NOW, THEREFORE, in consideration of the premises herein, it is agreed
between the Company and the Bank as follows:

ARTICLE I

AMENDMENTS

     Section 1.01. Amendments. Appendix 1 (“Terms and Conditions of the
Notes”) of the Agency Agreement is, effective as of the date hereof, hereby
amended as follows:

		
	 	     (a) Sub-section (3) of Section 5 of Appendix 1, “Redemption,
Purchase and Conversion”, is hereby amended and restated in its entirety
to read as follows:

		
	 	     "(3) [Intentionally Omitted]”; and

2

 

		
	 	     (b) Sub-section (e) of Section 8 of Appendix 1, “Events of Default”,
is hereby amended and restated in its entirety to read as follows:

		
	 	     "(e) [Intentionally Omitted].”.

ARTICLE II

THE BANK

     Section 2.01. The Bank. The Bank shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Agency
Agreement Supplement or the due execution hereof by the Company, or for or in
respect of the recitals and statements contained herein, all of which recitals
and statements are made solely by the Company.

     Except as herein otherwise provided, no duties, responsibilities or
liabilities are assumed, or shall be construed to be assumed by the Bank other
than as set forth in the Agency Agreement, and this Agency Agreement Supplement
is executed and accepted on behalf of the Bank, subject to all the terms and
conditions set forth in the Agency Agreement, upon the effectiveness thereof,
as fully to all intents as if the same were herein set forth at length.

ARTICLE III

MISCELLANEOUS PROVISIONS

     Section 3.01. Agency Agreement and Terms and Conditions
Ratified. Except
and so far as herein expressly provided, all of the provisions, terms and
conditions of the Agency Agreement and the Notes are in all respects ratified
and confirmed; and the Agency Agreement and this Agency Agreement Supplement
shall be taken, read and construed as one and the same instrument.

     Section 3.02. GOVERNING LAW. THIS AGENCY AGREEMENT SUPPLEMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE NETHERLANDS.

     Section 3.03. Execution in Counterparts. This Agency Agreement
Supplement may be executed in any number of counterparts, each of which shall
be an original, but such counterparts shall together constitute but one and the
same instrument.

3

 

     IN WITNESS WHEREOF, the Bank and the Company have caused this Agency
Agreement Supplement to be duly executed as of the day and year first written
above.

	 	 	 	 	 
	 	 	VERSATEL TELECOM INTERNATIONAL N.V
	 
	 
	 	 	By:	 	 
	 	 	 	 	

	 	 	Name:
	 	 	Title:
	 
	 
	 	 	ING BANK N.V., as Paying Agent,
      Conversion Agent, Conversion Calculation Agent and Registrar
	 
	 
	 	 	By:	 	 
	 	 	 	 	

	 	 	Name:
	 	 	Title:

4Specimen stock certificate

  EXHIBIT 4.1

  NOT VALID UNLESS COUNTERSIGNED BY TRANSFER AGENT

  INCORPORATED UNDER THE LAWS OF THE STATE OF FLORIDA

   Summus, Inc. (USA)

  AUTHORIZED COMMON STOCK: 100,000,000 SHARES

  PAR VALUE: $.001

   

   

  	
        NUMBER

      	
         

      	
        SHARES

      
	
        _________

      	
         

      	
        ___________

      
	
         

      	
         

      	
        CUSIP NO. 866366 10 7

      

   

   

  THIS CERTIFIES THAT         _______________________

  IS THE RECORD HOLDER OF  ___________________________

  Shares of Summus, Inc. (USA)  Common Stock

  transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar.

   

  Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers.

   

  Dated: _________

   

  /s/  Robert S. Lowrey                                             [SEAL]                       /s/
   Bjorn Jawerth

  CFO/ASSISTANT CORPORATE SECRETARY                                        PRESIDENT

   

  INTERWEST TRANSFER CO. INC. P.O. Box 17136/Salt Lake City, UTAH 84117

  COUNTERSIGNED & REGISTERED

                              _______________________________________________

                              COUNTERSIGNED Transfer Agent-Authorized Signature

   

   

  The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

   

  TEN COM – as tenants in common

  TEN ENT – as tenants by the entireties

  JF TEN – as joint tenants with right of survivorship and not as tenants in common

  UNIF GIFT MIN ACT - ......Custodian......

                                            (Cust)                   (Minor)

                                             under Uniform Gifts to Minors Act. _______________

                                                                                                                 (State)

                                                               Additional abbreviations may also be used though not in the above list

                                           For Value Received, ___________________hereby sell, assign and transfer unto 

   

  PLEASE INSERT SOCIAL SECURITY OR OTHER

  IDENTIFYING NUMBER OF ASSIGNEE

  ______________________________________

   

  _________________________________________________________________________________________

  (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

  _________________________________________________________________________________________ 

  _________________________________________________________________________________________

  _________________________________________________________________________________________

  Shares of the capital stock represented by the within certificate, and do hereby irrevocably constitute and appoint
  ___________________________________________________________________ Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.

   

  Dated  _____________

  _________________________________________________________________________________________

           NOTICE:  THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER

  SIGNATURE GUARANTEED:

  Signature(s) must be guaranteed by a firm which is a member of a registered national stock exchange, or by a bank (other than a savings bank), or a trust company.  The guaranteeing firm must be a member of the Medallion Guarantee Program.

   

  TRANSFER FEE WILL APPLYSubscription Agreement

  Exhibit 4.2

  Subscription Number [enter
  subscription no.]S

  SUMMUS, INC. (USA)

  SUBSCRIPTION AGREEMENT

  THIS SUBSCRIPTION AGREEMENT (the "Agreement") by and between
  Summus, Inc. (USA), a corporation organized and existing under the laws of the
  State of Florida (the "Company"), and the undersigned subscriber, [enter
  Shareholder name], (the "Subscriber") for shares of common
  stock, par value $.001 per share, of the Company (the "Common
  Stock").

  W I T N E S S E T H

  WHEREAS, the Company has offered the Subscriber an opportunity to purchase
  shares of Common Stock (the "Shares") pursuant to a private offering
  (the "Offering"); and

  WHEREAS, the Subscriber desires to purchase the Shares being offered on the
  terms and conditions set forth herein.

  NOW, THEREFORE, for and in consideration of the premises and the mutual
  covenants hereinafter set forth, the parties hereby agree as follows:

  1.                 
  The Subscriber hereby subscribes and agrees to purchase, subject to the terms
  and conditions of this Agreement, the number of Shares set forth immediately
  before the signature page hereof at a purchase price of $[enter dollar amt.
  per common share]per Share.  This Agreement represents an irrevocable
  offer by the Subscriber to subscribe for such number of Shares, except as
  expressly provided herein.  This Agreement, subject to the terms hereof,
  shall become a contract for the sale of said Shares upon the acceptance
  thereof by the Company.

  2.                 
  The Company reserves the unrestricted right to accept or reject this
  subscription, in whole or in part, and to withdraw this offer at any
  time.  The subscription will not become effective unless and until
  accepted by the Company.

  3.                 
  This subscription is accompanied by the undersigned's certified or official
  bank check or wire transfer of immediately available funds in the dollar
  amount set forth on page 4 hereof.

  4.                 
  If this subscription is not accepted by the Company, the Company shall
  promptly return the undersigned's payment.

  5.                 
  The Subscriber hereby makes the representations and warranties set forth below
  with the express intention that they be relied upon by the Company in
  determining the suitability of the Subscriber to purchase Shares.  The
  Subscriber hereby agrees to advise the Company if any of Subscriber's
  representations in this Section 5 materially change prior to completion of
  this subscription.

  (a)              
  The Subscriber acknowledges that the Shares have not been registered under the
  Securities Act of 1933, as amended (the "Securities Act"), or under
  any applicable state securities laws on the grounds that the issuance of the
  shares to Subscriber is exempt from

  -1-

  

  
     
  

  registration.  The Subscriber further
  acknowledges that reliance on such exemption is, in part, based upon the
  representations, warranties and covenants of Subscriber contained herein.

  (b)              
  The Subscriber is acquiring the Shares for the Subscriber's own account as
  principal for the Subscriber's investment and not with a view to or for resale
  in connection with any distribution thereof.

  (c)               
  The Subscriber is a citizen of the U.S. and a resident of the State of [enter
  state of resident of shareholder] and will be the beneficial owner of the
  Shares standing in his/her name.

  (d)              
  The Subscriber has been furnished and has carefully reviewed information about
  the Company to allow him to make an informed investment decision prior to
  purchasing the Shares and has been given the opportunity to ask questions of,
  and receive answers from, the Company concerning the business plans of the
  Company, its present financial condition and the terms and conditions of the
  Offering and to obtain such additional information that the Company possesses
  or can acquire without unreasonable effort or expense necessary to verify the
  accuracy of the information contained therein or information that has been
  otherwise provided by the Company.

  (e)              
  The Subscriber acknowledges and is aware that:  the Shares have not been
  approved or disapproved by the Securities and Exchange Commission or by any
  state securities commission, the Shares are a speculative investment which
  involve material risk of loss of the Subscriber's entire investment, and there
  are substantial restrictions on the transferability of the Shares.

  (f)                
  The Subscriber fully understands and agrees that the Subscriber must bear the
  economic risk of investment in the Shares for an indefinite period of time
  because, among other reasons, the Shares have not been registered under the
  Securities Act or under any applicable state securities laws and, therefore,
  cannot be sold, pledged, assigned, transferred or otherwise disposed of unless
  they are subsequently registered under applicable securities laws or an
  exemption from such registration is available.  The Subscriber further
  understands and agrees that the Company will not honor any attempt by the
  Subscriber to sell, pledge, assign, transfer or otherwise dispose of Shares in
  the absence of an effective registration statement for such Shares or an
  opinion of counsel satisfactory to the Company that an exemption from any
  applicable registration requirements is available.  The Subscriber
  further understands that, other than the Selling Shareholder Agreement between
  the Company and Subscriber, dated [enter transaction date], the Company
  is under no obligation to register the Shares or make an exemption from
  registration available and that the Company has not represented that it will
  make any attempt to so register the Shares or to make such an exemption
  available.  The Subscriber agrees to hold the Company, its officers and
  directors, and its and their respective successors and assigns, harmless and
  to indemnify them against all liabilities, costs and expenses incurred by them
  as a result of any sale or distribution of the Shares by the Subscriber in
  violation of the Securities Act or any state securities laws.

  -2-

  

  
     
  

  (g)              
  The Subscriber understands that the certificate(s) representing the Shares
  will bear restrictive legends substantially in the following form:

  THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
  SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE
  AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
  REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED, AND SUCH OTHER
  SECURITIES LAWS.  THE SHARES MAY NOT BE RE-OFFERED, SOLD, PLEDGED,
  ASSIGNED, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF
  AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS
  AMENDED, AND SUCH REGISTRATION OR QUALIFICATION AS MAY BE NECESSARY UNDER THE
  SECURITIES LAWS OF ANY STATE, OR AN OPINION OF COUNSEL SATISFACTORY TO THE
  CORPORATION THAT SUCH REGISTRATION OR QUALIFICATION IS NOT REQUIRED.

  (h)             
  The Subscriber has sought such accounting, legal and tax advice as the
  Subscriber has considered necessary to make an informed investment decision.

  (i)                
  The Subscriber is aware that no federal or state agency has made any finding
  or determination as to the fairness of an investment in the Shares, nor any
  recommendation or endorsement of any such investment.

  (j)                
  The Subscriber recognizes that it is important under the Securities Act and
  state securities laws that the Company determine if potential investors are
  "Accredited Investors," as defined in Appendix A attached
  hereto.  Subscriber represents that Subscriber is an Accredited Investor.

  The representations, warranties, covenants and agreements contained herein
  shall survive the delivery of, and the payment for, the Shares.

  6.                 
  This Agreement and subscription herein shall survive the death or disability
  of any individual Subscriber and the dissolution or termination of any
  subscribing entity, and this Agreement shall be binding upon the heirs,
  executors, administrators, successors and assigns of any such
  Subscriber.  All pronouns and any variations thereof used herein shall be
  deemed neuter, singular or plural as the identity of the Subscriber may
  require.

  7.                 
  This Agreement shall be enforced, governed and construed in all respects in
  accordance with the laws of the State of North Carolina, as such laws are
  applied by North Carolina courts to agreements entered into and to be
  performed in North Carolina without regard to conflicts of law.

  8.                 
  The number of Shares subscribed for by the Subscriber and their registration
  of ownership are as set forth on the following page:

  -3-

  

  
     
  

  9.                 
  This Agreement shall be binding upon and shall inure to the benefit of the
  parties hereto and their respective successors, assigns, executors and
  administrators, but this Agreement and the respective rights and obligations
  of the parties hereunder shall not be assignable by any party hereto without
  the prior written consent of the other.

  10.             
  This Agreement represents the entire understanding and agreement between the
  parties hereto with respect to the subject matter hereof and cannot be
  amended, supplemented or modified except by an instrument in writing signed by
  the party against whom enforcement of any such amendment, supplement or
  modification is sought.

  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

   

   

   

   

   

   

  -4-

  

  
     
  

   

  PLEASE TYPE OR PRINT

  	
        Owner:                                                                                    

                        
        [enter Shareholder name]

      
	
        Social Security or Federal:                                                       

      
	
        Employer's ID Number:                                                           

      
	
        Residence

        Address:                                                                                  

        Mailing Address

        (if other than

        Residence):                                                                              

        Telephones:  Res. _________________   Bus.______________
         Fax.______________

        Email.________________

      
	
        Joint Owner (if any):                                                                

      
	
        Social Security or Federal:                                                       

      
	
        Employer's ID Number:                                                           

      
	
        Residence Address:                                                                 

        Mailing Address

        (if other than

        Residence):                                                                              

        Telephones:  Res. ____________________________   Bus.
        _______________

      
	
        SHARES TO BE REGISTERED AS INDICATED BELOW:

      
	
        [   ] Sole ownership

        [   ] Joint tenants with right of survivorship

        [   ] Tenants in common

      
	
        Number of Shares subscribed for:  [Enter no. of
        shares]

        Total Purchase Price ($[enter price per share]):  $[Enter
        total]

        PAYMENT IN FULL DELIVERED IN AMOUNT OF:  $[Enter total]

      

   

   
  -5-

  

  
     
  

  IN WITNESS WHEREOF, the undersigned has executed or cause to be executed
  under seal this Agreement, as of the [enter day] day of [enter mo.
  and year].

  	
         

      	
        Signature form for individuals

        
                                                                                      
        (SEAL)

      
	
         

      	
        Signature                                                           
               

        Name:                                                                       

      
	
         

      	
                                                                     
                        
         (SEAL)

        (Signature of Joint Owner, if any)

        Name:                                                                       

      
	
         

      	
        Signature form for corporations:

      
	
         

      	
        (Name of corporation)

        By:                                                                            

              (Signature of Officer

                                                                                        

        (Name and Title)

      
	
         

      	
        Signature form for Partnerships or Limited
        Liability

        Companies:

      
	
         

      	
                                                                                        

        (Name of Partnership or LLC)

      
	
         

      	
        By its General Partners or Managers:

      
	
         

      	
        Name:                                                                       

        Name:                                                                       

        Name:                                                                       

      
	
         

      	
        Signature form for Trusts:

      
	
         

      	
                                                                                        

        (Full Name of Trust)

      
	
         

      	
        By its Trustee(s):

      
	
         

      	
        Name:                                                                       

        Name:                                                                       

        Name:                                                                       

      

  -6-

  

  
     
  

  ACCEPTANCE OF SUBSCRIPTION

  The, foregoing Subscription Agreement is ACCEPTED by the Company, on this [enter
  day] day of [enter mo. and year]to the extent of [Enter no. of
  shares] of Common Stock.

   

  
  	
        Summus, Inc. (USA)

         

        By:_________________________________

              Björn Jawerth

              Chief Executive Officer

      

  

   

  
  

  
  -7-

  

  
     
  

   

  APPENDIX A

  		An Accredited Investor is defined as follows:
	
  (1)

      	
  
  a natural person whose individual net worth, or joint net worth with that
  person's spouse, at the time of purchase exceeds U.S. $1,000,000;

      
	
  (2)

      	
  
  a natural person who had an individual income in excess of U.S. $200,000 in
  each of the two most recent years or joint income with that person's spouse in
  excess of U.S. $300,000 in each of those years and has a reasonable
  expectation of reaching the same income level in the current year (i.e., the
  year in which the purchase is made);

      
	
  (3)

      	
  
  any trust, with total assets in excess of U.S. $5,000,000, not formed for the
  specific purpose of acquiring shares of Common Stock and/or warrants, whose
  purchase is directed by a sophisticated person having such knowledge and
  experience in financial and business matters that she is capable of evaluating
  the merits and risks of investing in the Company;

      
	
  (4)

      	
  
  a director or executive officer of the Company;

      
	
  (5)

      	
  
  an organization described in Section 501(c)(3) of the Internal Revenue Code,
  corporation, Massachusetts or similar business trust, or partnership, not
  formed for the specific purpose of acquiring the shares of Common Stock and/or
  warrants, with total assets in excess of U.S. $5,000,000;

      
	
  (6)

      	
  
  a bank as defined in Section 3(a)(2) of the Securities Act of 1933 (the
  "Securities Act"), or a savings and loan association or other
  institution as defined in Section 3(a)(5)(A) of the Securities Act whether
  acting in its individual or fiduciary capacity; a broker dealer registered
  under the Securities Exchange Act of 1934; an insurance company as defined in
  Section 2(13) of the Act; an investment company registered under the
  Investment Company Act of 1940 or a business development company as defined in
  Section 2(a)(48) of that Act; a Small Business Investment Company licensed
  under the Small Business Investment Act of 1958; an employee benefit plan
  within the meaning of Title I of the Employee Retirement Income Security Act
  of 1974, if the investment decision is made by a plan fiduciary, which is
  either a bank, savings and loan association, an insurance company, or
  registered investment adviser, or if the employee benefit plan has total
  assets in excess of U.S. $5,000,000 or, if a self-directed plan, with
  investment decisions made solely by persons that are accredited investors;

      
	
  (7)

      	
  
  a private business development company as defined in the Investment Advisers
  Act of 1940; or

      
	
  (8)

      	
  
  an entity in which all of the equity owners are accredited investors.

      

   

  -8-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]