English Translation for Information Purposes Only
Exhibit 99.1
English Translation for Information Purposes Only
FIRST MODIFYING AGREEMENT TO THE ADMINISTRATION TRUST CONTRACT NUMBER 80375 EXECUTED ON MARCH 23, 2004, ENTERED INTO BY AND AMONG THE PARTIES SET FORTH BELOW
Parties
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I. |
Nacional Financiera, S.N.C., Institución de Banca de Desarrollo, Dirección Fiduciaria, pursuant to the purposes set forth in trust No. 80370, represented herein by Lic. Xxxx Xxxxxx Xxxxxxxxxx Xxxx. |
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II. |
Banco Inbursa, S.A., Institución de Banca Múltiple, Grupo Financiero Inbursa, División Fiduciaria, pursuant to the purposes set forth in trust No. F-0553, represented herein by Lic, Xxxxx Xxxxxxxxx Xxxxxxxx Xxxxxx. |
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Banco Nacional de México, S.A., Integrante del Grupo Financiero Banamex, División Fiduciaria, pursuant to the purposes set forth in trust No. 14520-1, represented herein Xxxxxx Xxxxxxx Xxxxxx and Xxxxxxx Xxxxxxx Xxxxxxx. |
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Nacional Financiera, S.N.C., Institución de Banca de Desarrollo, Dirección Fiduciaria, represented herein by Lic. Xxxxxxx Xxxxxxx Xxxxxx Xxxxxxxxx Mac Xxxxxx. |
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V. |
Xxxxxx Xxxxxxxx Xxxxxxxxx Xxxx. |
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VI. |
Promotora Inbursa, S.A. de C.V., represented herein by its legal representative, Xxxx Xxxxxxx Xxxxxx. |
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VII. |
Xxxxx Xxxxxxxx Xxxxxxxxxxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxxxxxxxxx Xxxxxxxx xx Xxxxxxxxx, Xxxxx de las Xxxxxx Xxxxxxxxx Xxxxxxxx, Xxxxxxxx Xxxxxxxxx Xxxxxxxxx, each of them in their own right and Xxxxxx Xxxxxxxxx Xxxxxxxx, represented herein by Xxxxxxxx Xxxxxxxxx Xxxxxxxxx. |
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VIII. |
Grupo Televisa, S.A. represented herein by Xxxxxx Xxxxxxxx Xxxxxxxxx Xxxx and Xxxxxxx xx Xxxxxxxx Xxxxxxx. |
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Grupo Televicentro, S.A. de C.V. represented herein by Xxxxxx Xxxxxxxx Xxxxxxxxx Xxxx and Xxxxxxx xx Xxxxxxxx Xxxxxxx. |
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XXXXX Xx. 00000X000 GDSs |
13D |
Page 2 of 4 |
Recitals
| One. | That on March 23, 2004 the parties to this modifying agreement executed the Administration Trust Contract number 80375 (the “Trust”). |
Representations |
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| First. | The parties declare, through their representatives, that they are present at the execution of this agreement in order to modify clause 19 of the Trust. |
| Second. | That the powers granted to them to appear here have not been limited or revoked in any way. |
| Third. | Uppercase terms that are not expressly defined herein have the meanings ascribed to them in the Trust. |
Clauses
First. Modification of the Trust. – The parties agree to modify paragraph (a) of clause 19. of the Trust so that it is rewritten in the following manner:
“19. Revocation. Whereas, the termination cause provided in article 392 subsection VI of the General Law of Negotiable Instruments and Credit Operations, each one of the Settlors-Beneficiaries may request, without limitation, the partial revocation of the present Trust, in respect with it and its rights pursuant to the present Agreement, as well as the revert of the assets ownership which conform the respective Unit pursuant to the provisions of the present Trust, on the dates and proportions mentioned hereunder:
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(a) |
On the date in which the Conditions Precedent are fulfilled, (i) the Settlor-Beneficiary C may request from the Trustee the release and reversion of up to 2,006,637 GTC Certificates which conform Unit C and of which it is beneficiary under this Trust, and (ii) the Settlor-Beneficiary A may request from the Trustee the release and reversion of up to 3,082,482 GTC Certificates which conform Unit A and of which it is a beneficiary under this Trust.” |
Second. No Novation. – Except for the modifications made to the preceding clause of this agreement, all other clauses and stipulations contained in the Trust shall remain in force and effect, because there has been no novation of these stipulations.
Third. Jurisdiction and Competence. – For the interpretation, execution and fulfillment of the present agreement, the parties submit to the dispositions of the General Law of Credit Titles and Operations, Mexico’s banking, stock market and commercial laws and uses, and to the jurisdiction of the competent tribunals of Mexico City, Federal District.
This first modifying agreement to the Trust Xxxxxxxx Xx. 00000 created by Nacional Financiera, S.N.C., Institución de Banca de Desarrollo, March 23, 2004, is signed in Mexico City, Federal District, on the 16th of December, 2004.
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CUSIP No. 00000X000 GDSs |
13D |
Page 3 of 4 |
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Settlor-Beneficiary A |
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Settlor-Beneficiary B |
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/s/ Xxxx Xxxxxx Xxxxxxxxxx Xxxx |
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/s/ Xxxxx Xxxxxxxxx Terreos Xxxxxx |
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Nacional Financiera, S.N.C., Institución de Banca de Desarrollo, Dirección Fiduciaria, in compliance with the purposes of Xxxxx Xx. 00000. |
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Banco Inbursa, S.A., Institución de Banca Múltiple, Grupo Financiero Inbursa, División Fiduciaria, in compliance with the purposes of Trust No. F-0553. |
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By: Lic. Xxxx Xxxxxx Xxxxxxxxxx Xxxx |
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By: Xxxxx Xxxxxxxxx Xxxxxxxx Xxxxxx |
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Deputy Attorney |
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Deputy Trustee |
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Settlor-Beneficiary C |
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The Trustee |
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/s/ Xxxxxx Xxxxxxx Xxxxxx |
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/s/ Xxxxxxx Xxxxxxx Xxxxxx Xxxxxxxxx Mac Xxxxxx |
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/s/ Xxxxxxx Xxxxxxx Xxxxxxx |
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Nacional Financiera, S.N.C., Institución de Banca de Desarrollo, Dirección Fiduciaria. |
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Banco Nacional de México, S.A., Integrante del Grupo Financiero Banamex, División Fiduciaria, in compliance with the purposes of Trust No. 14520-1. |
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By:
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Lic. Xxxxxxx Xxxxxxx Xxxxxx Xxxxxxxxx Mac Xxxxxx General Deputy Trustee |
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| By: | Xxxxxx Xxxxxxx Xxxxxx and Xxxxxxx Xxxxxxx Xxxxxxx | |||
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/s/ Xxxxxx Xxxxxxxx Xxxxxxxxx Xxxx |
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/s/ Xxxx Xxxxxxx Xxxxxx |
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Xxxxxx Xxxxxxxx Xxxxxxxxx Xxxx |
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Promotora Inbursa, S.A. de C.V. |
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/s/ Xxxxx Xxxxxxxx Xxxxxxxxxxxxxx Xxxxxxxx |
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/s/ Xxxxxx Xxxxxxxx Xxxxxxxxx Xxxx |
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Xxxxx Xxxxxxxx Xxxxxxxxxxxxxx Xxxxxxxx |
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/s/ Xxxxxxx xx Xxxxxxxx Xxxxxxx |
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Grupo Televisa, S.A. |
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By: |
Xxxxxx Xxxxxxxx Xxxxxxxxx Xxxx and Xxxxxxx xx Xxxxxxxx Xxxxxxx
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XXXXX Xx. 00000X000 GDSs |
13D |
Page 4 of 4 |
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/s/ Xxxxxxxx Xxxxxxxxxxxxxx Xxxxxxxx xx Xxxxxxxxx |
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Xxxxxxxx Xxxxxxxxxxxxxx Xxxxxxxx xx Xxxxxxxxx |
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/s/ Xxxxx de las Xxxxxx Xxxxxxxxx Xxxxxxxx |
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/s/ Xxxxxx Xxxxxxxx Xxxxxxxxx Xxxx |
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Xxxxx de las Xxxxxx Xxxxxxxxx Xxxxxxxx |
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/s/ Xxxxxxx xx Xxxxxxxx Xxxxxxx |
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Grupo Televicentro, S.A. de C.V. |
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By: Xxxxxx Xxxxxxxx Xxxxxxxxx Xxxx and Xxxxxxx xx Xxxxxxxx Xxxxxxx |
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/s/ Xxxxxxxx Xxxxxxxxx Xxxxxxxxx |
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Xxxxxxxx Xxxxxxxxx Xxxxxxxxx |
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/s/ Xxxxxx Xxxxxxxxx Xxxxxxxx |
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Xxxxxx Xxxxxxxxx Xxxxxxxx, represented by Xxxxxxxx Xxxxxxxxx Xxxxxxxxx |
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