The plot thickens:
Googling the address (Box 691, 1215 Geneva 15) yields Constellation 3D (CDDD) results. So perhaps we are really dealing with Mr. Craven. Is he related to Alex Craven of FXPE?
Mr. David Craven
Winnburn Advisory
World Trade Center
10, route de l'Aeroport
P. O. Box 691
1215 Geneva 15, Switzerland
Fax: (+41) 022 799 0801
Re: Amendment of Purchase Price Adjustments in Sec. 7.1
of Common Stock Investment Agreement of August 23, 2000
-------------------------------------------------------
Dear Mr. Craven:
In the context of the current round of financing the Company has concluded
that the existing investment agreements may be ambiguous and should be updated
in order to facilitate the financing. To that end the Company would appreciate
your cooperation in achieving the financing. Therefore, in exchange for 409,511
shares of the Company's common stock (which, if lawful and practicable shall be
registered on the Company's next filed registration statement and/or such shares
shall be included on a registration statement filed within 60 days of the
Company's receipt of a demand registration notice), you hereby irrevocably agree
to the following changes to the Common Stock Investor's Agreement and Appendices
thereto (terminating Article VII thereof):
Amendment: "Article VII of the Common Stock Investment Agreement is hereby
eliminated and no shares shall issue as a result of Article VII and Article VII
shall be deemed to have no legal effect, past or prospective."
This letter shall act as confirmation of your irrevocable agreement to the
above amendment.
CONSTELLATION 3D, INC. ACCEPTED AND AGREED TO:
By: /s/ Raymond Tellini WINNBURN ADVISORY
Raymond Peter Tellini
Vice President of Finance By: /s/ David Craven
