Exhibit 10.11.2
Amendment #4 to Master Agreement
Dated 8 August, 1997, between PathNet, Inc.
and NEC America, Inc.
Except as expressed herein, the terms and conditions of the Master Agreement
remain in full force and effect:
Article 6. Payment Terms
Delete paragraphs 6.2 and 6.3 and replace with:
6.2 For Equipment purchases made hereunder, payment terms for the initial
base system or the initial installation system, in the event PathNet
initially builds beyond the initial base system, shall be: sixty percent
(60%) of the invoice amount net thirty (30) days from Seller's tender of
delivery of the Equipment to the destination(s) as specified by Buyer,
remaining balance due one hundred eighty (180) days from original invoice
date.
6.3 For Equipment purchases made hereunder, payment terms for overbuild
systems shall be: one hundred percent (100%) of invoice amount net thirty
(30) days from Seller's tender of delivery of the Equipment to the
destination(s) specified by Buyer.
NEC America, Inc PathNet, Inc.
By: /s/ Xxxxxxx Xxxxxxx By: /s/ Xxxxx Xxxxxxxxx
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X. Xxxxxxx X. Xxxxxxxxx
Title: AMG, RCDS Title: Chairman
Date: 7/8/98 Date: 7/10/98
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