August 28, 2001Ifx Corp • October 15th, 2001 • Services-computer programming, data processing, etc.
Company FiledOctober 15th, 2001 IndustryIn connection with the merger of Yupi Internet, Inc. into T1/MSN Corp. ("Microsoft"), to date IFX Online, Inc. ("IFX") has received $45,832.76 of cash proceeds from Microsoft. This letter reconciles how IFX and you will split the amounts received from Microsoft. You and IFX entered into an Amended and Restated Stock Purchase Agreement as of June 12, 2000 (the "Agreement") with respect to the Yupi Class A Convertible Preferred Stock (the "Preferred Stock") that you purchased from IFX.