IBAS » Topics » [The remainder of this page is intentionally left blank.]

This excerpt taken from the IBAS 8-K filed Jun 27, 2005.

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Sincerely yours,

 

 

 

iBASIS, INC.

 

 

 

 

 

By:

/s/ Richard G. Tennant

 

 

Name:

Richard G. Tennant

 

Title:

Vice President, Finance and Chief Financial Officer

 

 

 

 

ACCEPTED AND AGREED:

 

 

 

 

 

JMG Triton Offshore Fund, Ltd.

 

 

 

 

 

By:

/s/ Jeff Landry

 

 

Name: Jeff Landry

 

Title:   Authorized Person

 

 

 

 

 

JMG Capital Partners, L.P.

 

 

 

 

 

By:

/s/ Jeff Landry

 

 

Name: Jeff Landry

 

Title:   Authorized Person

 

 


This excerpt taken from the IBAS 10-K filed Mar 28, 2005.

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4


        This Loan Modification Agreement is executed as a sealed instrument under the laws of the Commonwealth of Massachusetts as of the date first written above.

BORROWER:   BANK:

IBASIS, INC.

 

SILICON VALLEY BANK, doing business as
SILICON VALLEY EAST

By:

/s/  
OFER GNEEZY      

 

By:

/s/  
MICHAEL D. SINCLAIR      
Name: Ofer Gneezy
  Name: Michael D. Sinclair
Title: President
  Title: Vice President

 

 

 

SILICON VALLEY BANK

 

 

 

By:

/s/  
JACQUELIN LE      
      Name: Jacquelin Le
      Title: Operations Supervisor
(signed in Santa Clara County, California)

        The undersigned, IBASIS GLOBAL, INC., ratifies, confirms and reaffirms, all and singular, the terms and conditions of a certain Unconditional Guaranty dated December 29, 2003 executed and delivered by the undersigned and a certain Security Agreement dated December 29, 2003 executed and delivered by the undersigned and acknowledges, confirms and agrees that the said Unconditional Guaranty and Security Agreement shall remain in full force and effect and shall in no way be limited by the execution of this Loan Modification Agreement, or any other documents, instruments and/or agreements executed and/or delivered in connection herewith.

      IBASIS GLOBAL, INC.

 

 

 

By:

/s/  
OFER GNEEZY      
      Name: Ofer Gneezy
      Title: President

        The undersigned, IBASIS SECURITIES CORPORATION, ratifies, confirms and reaffirms, all and singular, the terms and conditions of a certain Unconditional Guaranty dated December 29, 2003 executed and delivered by the undersigned and a certain Security Agreement dated December 29, 2003 executed and delivered by the undersigned and acknowledges, confirms and agrees that the said Unconditional Guaranty and Security Agreement shall remain in full force and effect and shall in no way be limited by the execution of this Loan Modification Agreement, or any other documents, instruments and/or agreements executed and/or delivered in connection herewith.

      IBASIS SECURITIES CORPORATION

 

 

 

By:

/s/  
OFER GNEEZY      
      Name: Ofer Gneezy
      Title: President

5




QuickLinks

THIRD LOAN MODIFICATION AGREEMENT

EXCERPTS ON THIS PAGE:

8-K
Jun 27, 2005
10-K
Mar 28, 2005

RELATED TOPICS for IBAS:

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