IN THE COURT OF CHANCERY OF THE STATE OF DELAWAREiBASIS, Inc., ::Plaintiff, ::vs. : Civil Action: No. 4774-VCSKONINKLIJKE KPN N.V., KPN :B.V., CELTIC ICS INC., EELCO :BLOK, JOOST FARWERCK, AD :SCHEEPBOUWER, STAN MILLER, :BAPTIEST COOPMANS, A.H.J. :RISSEEUW, M. BISCHOFF, C.M. :COLIJN-HOOIJMANS, D.I. JAGER, :M.E. VAN LIER LELS, J.B.M. :STREPPEL, R.J. ROUTS, D.J. :HAANK, W.T.J. HAGEMAN, M.E. :HOEKSTRA, AND M.N.A.J. VOGT, ::Defendants. ::KPN B.V. and KONINKLIJKE KPN :N.V., ::Counterclaim-Plaintiffs,::vs. ::iBASIS, INC., ROBERT H. :BRUMLEY, CHARLES N. CORFIELD, :OFER GNEEZY, W. FRANK KING, and :GORDON J. VANDERBRUG, ::Counterclaim-Defendants :- - -------------------------------------------------------CHANCERY COURT REPORTERS500 North King Street - Suite 11400Wilmington, Delaware 19801-3759(302) 255-0525

21 Chancery Court ChambersNew Castle County Courthouse2 Wilmington, DelawareFriday, August 14, 20093 2:30 p.m.4BEFORE: HON. LEO E. STRINE, JR., Vice Chancellor.5SCHEDULING CONFERENCE6APPEARANCES:7RAYMOND J. DiCAMILLO, ESQ.Richards, Layton & Finger, P.A.8 -and-ADAM H. OFFENHARTZ, ESQ.9JENNIFER H. REARDEN, ESQ.Of the New York Bar10Gibson, Dunn & Crutcher LLPFor Plaintiff and Counterclaim Defendants11DAVID J. TEKLITS, ESQ.12Morris, Nichols, Arsht & Tunnell LLP-and-13DARIN P. McATEE, ESQ.JULIE A. NORTH, ESQ.14 MISTY L. ARCHAMBAULT, ESQ.of the New York Bar15Cravath, Swaine & Moore LLPFor Defendants and Counterclaim-Plaintiffs16 Koninklijke KPN N.V. and KPN B.V. andDefendants Celtic ICS Inc., Eelco Blok,17 Joost Farwerck, Ad Scheepbouwer, StanMiller, Baptiest Coopmans, A.H.J.18 Risseeuw, M. Bischoff, C.M.Colijn-Hooijmans, D.I. Jager, M.E. Van19 Lier Lels, J.B.M. Streppel, R.J. Routs,D.J. Haank, W.T.J. Hageman, M.E. Hoekstra20 and M.N.A.J. Vogt21- - -222324CHANCERY COURT REPORTERS

31THE COURT: Thanks for coming in.2Everybody wants to expedite, but nobody agrees on how.3Here's how we're going to do it. I'm4not going to just expedite one side or the other. On5the other hand, I do want this to be efficiently6litigated.7I'd have to say, on behalf of iBASIS8is the plaintiff here; right?9MR. OFFENHARTZ: Yes, Your Honor.10THE COURT: And then our friends from11the Netherlands are on the other side of it. The12bankers are so creative; right? Do you think it's13going to make your clients popular in Massachusetts to14name the target, or the way you're going to swallow it15up is name it Celtics. I'm not sure you view it that16way. Bankers need to -- I thought bleeding bait fish17is like the target and the shark or something.18Why don't you name it, like the19acquirer could be like paddywagon and the target could20be Irishman. A great thing for the home of the bean21and cod, too. That would be beautiful.22Anyway, here's what I think one of the23things -- I'll pick on iBASIS a little bit. A large24number of your defendants probably have no businessCHANCERY COURT REPORTERS