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EXHIBIT 5
ITC STOCKHOLDER AGREEMENT
POWERTEL STOCKHOLDER AGREEMENT
This Stockholder Agreement (this "AGREEMENT") dated as of August 26,
2000 between the stockholders listed on the signature page hereto
(collectively, the "STOCKHOLDER") and Deutsche Telekom AG, an
Aktiengesellschaft organized and existing under the laws of the Federal
Republic of Germany ("DT").
WHEREAS, simultaneously with the execution of this Agreement,
Powertel, Inc., a Delaware corporation ("POWERTEL"), and DT are entering into
an Agreement and Plan of Merger dated as of the date hereof providing for the
merger of a subsidiary of DT with and into Powertel (as amended or modified
from time to time, the "DT MERGER AGREEMENT");
WHEREAS, DT has agreed to enter into the DT Merger Agreement only if
the Stockholder enters into this Agreement;
WHEREAS, simultaneously with the execution of this Agreement,
Powertel and VoiceStream Wireless Corporation, a Delaware corporation
("VOICESTREAM"), are entering into an Agreement and Plan of Reorganization (as
amended or modified from time to time, the "VOICESTREAM REORGANIZATION
AGREEMENT"), dated as of the date hereof, providing for, among other things,
the merger of a subsidiary of VoiceStream with and into Powertel if, but only
if, the DT Merger Agreement is terminated;
NOW THEREFORE, in consideration of the foregoing and the mutual
premises, representations, warranties, covenants and agreements contained
herein and in the DT Merger Agreement, the parties hereto, intending to be
legally bound hereby, agree as follows:
1. CERTAIN DEFINITIONS. This Agreement is one of the Powertel
Stockholder Agreements referred to in the recitals to the DT Merger Agreement.
Capitalized terms used but not defined in this Agreement are used in this
Agreement with the meanings given to such terms in the DT Merger Agreement. In
addition, for purposes of this Agreement the following terms shall have the
following meanings:
"BENEFICIALLY OWNED" or "BENEFICIAL OWNERSHIP" shall include, with
respect to any securities, the beneficial ownership of such securities by a
Stockholder and by any direct or indirect Subsidiary of a Stockholder.
"DT DERIVATIVE SECURITIES" means any security convertible into or
exchangeable for DT Securities or the value of which is derived from the value
of DT Securities.
"DT SECURITIES" means DT Ordinary Shares and DT Depositary Shares,
each representing the right to receive one DT Ordinary Share, and any security
into which DT Ordinary Shares or DT Depositary Shares are exchangeable as
contemplated by Section 1.05(f) of the DT Merger Agreement.
"TRANSFER" means, with respect to any security, the sale, transfer,
pledge, hypothecation, encumbrance, assignment or constructive sale or other
disposition of such security or the Beneficial Ownership thereof, the offer to
make such a sale, transfer, constructive sale or other disposition, and each
option, agreement, arrangement or understanding, whether or
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not in writing, to effect any of the foregoing. The term "constructive sale"
means a short sale with respect to such security, entering into or acquiring an
offsetting derivative contract with respect to such security, entering into or
acquiring a futures or forward contract to deliver such security or entering
into any transaction that has substantially the same effect as any of the
foregoing; provided, however, that the term "constructive sale" shall not
include transactions involving the purchase and sale of securities tracking a
broad-based stock index excluding the DAX Index.
"VOICESTREAM/DT MERGER AGREEMENT" means the Agreement and Plan of
Merger between VoiceStream and DT dated as of July 23, 2000, as it may be
amended or modified from time to time.
2. REPRESENTATIONS; WARRANTIES AND COVENANTS OF STOCKHOLDER.
Stockholder hereby represents and warrants, severally and not jointly, to DT,
solely with respect to itself, as of the date hereof, as follows:
2.1 TITLE. As of the date hereof, Stockholder is the sole record
and Beneficial Owner of the number of shares of Powertel Common Stock or
Powertel Preferred Stock, as the case may be, set forth opposite Stockholder's
name on Schedule A attached hereto (Stockholder's "EXISTING SHARES" and,
together with the record ownership or Beneficial Ownership of any shares of
Powertel Common Stock, Powertel Preferred Stock or other voting capital stock
of Powertel acquired after the date hereof, whether upon the exercise of
warrants or options, conversion of the Powertel Preferred Stock or any
convertible securities or otherwise, Stockholder's "SHARES"), and/or the number
of warrants, options or other rights to acquire or receive such Powertel Common
Stock or Powertel Preferred Stock, as the case may be, set forth opposite
Stockholder's name on Schedule A attached hereto (Stockholder's "EXISTING
RIGHTS" and, together with record ownership or Beneficial Ownership of any
warrants, options or other rights to acquire or receive such shares of Powertel
Common Stock, Powertel Preferred Stock or other voting capital stock of
Powertel acquired after the date hereof, Stockholder's "RIGHTS"). Stockholder
is the lawful owner of the Existing Shares and Existing Rights, free and clear
of all liens, claims, charges, security interests or other encumbrances, except
as disclosed on Schedule A. As of the date hereof, the Existing Shares
constitute all of the capital stock of Powertel Beneficially Owned or owned of
record by Stockholder (excluding the Existing Rights) and Stockholder does not
own of record or beneficially, or have the right to acquire (whether currently,
upon lapse of time, following the satisfaction of any conditions, upon the
occurrence of any event or any combination of the foregoing) any shares of
Powertel Common Stock or Powertel Preferred Stock or any other securities
convertible into or exchangeable or exercisable for shares of Powertel Common
Stock or Powertel Preferred Stock, except pursuant to the Existing Rights.
2.2 RIGHT TO VOTE. Stockholder has, with respect to all of
Stockholder's Existing Shares, and will have at the Powertel Stockholders'
Meeting, with respect to all of Stockholder's Shares acquired prior to the
record date for the Powertel Stockholders' Meeting, sole voting power, sole
power of disposition or sole power to issue instructions with respect to the
matters set forth in Section 4 hereof and to fulfill its obligations under such
Section and shall not take any action or grant any person any proxy (revocable
or irrevocable) or power-of-attorney with respect to any Shares or Rights
inconsistent with his or its obligations as provided
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by SECTION 4 AND SECTION 5 hereof. Stockholder hereby revokes any and all
proxies with respect to Stockholder's Existing Shares or Existing Rights to the
extent they are inconsistent with the Stockholders' obligations under this
Agreement.
2.3 AUTHORITY. Stockholder has full legal power, authority, legal
capacity and right to execute and deliver, and to perform its or his
obligations under, this Agreement. No other proceedings or actions on the part
of Stockholder are necessary to authorize the execution, delivery or
performance of this Agreement or the consummation of the transactions
contemplated hereby. This Agreement has been duly and validly executed and
delivered by Stockholder and constitutes a valid and binding agreement of
Stockholder enforceable against Stockholder in accordance with its terms,
subject to (i) bankruptcy, insolvency, moratorium and other similar laws now or
hereafter in effect relating to or affecting creditors rights generally and
(ii) general principles of equity (regardless of whether considered in a
proceeding at law or in equity).
2.4 CONFLICTING INSTRUMENTS. Neither the execution and delivery of
this Agreement, nor the performance by Stockholder of its agreements and
obligations hereunder will result in any breach or violation of, or be in
conflict with or constitute a default under, any term of any agreement,
judgment, injunction, order, decree, law or regulation to which Stockholder is
a party or by which Stockholder (or any of its assets) is bound.
2.5 DT'S RELIANCE. Stockholder understands and acknowledges that
DT is entering into the DT Merger Agreement in reliance upon Stockholder's
execution, delivery and performance of this Agreement.
3. RESTRICTION ON TRANSFER; OTHER RESTRICTIONS.
3.1 Stockholder agrees not to Transfer or agree to Transfer any
Shares or Rights owned of record or Beneficially Owned by Stockholder, except
as otherwise permitted by this Section 3 or pursuant to the DT Merger
Agreement, Transfers to any Affiliate of the Stockholder who agrees in writing
to be bound by the terms of this Agreement or Transfers which occur by
operation of law if the transferee remains, or agrees in writing to remain,
bound by the terms of this Agreement, other than, in each case, with DT's prior
written consent.
3.2 From the date hereof until the later of January 1, 2001 and
the date of the Powertel Stockholders' Meeting, Stockholder agrees not to
Transfer any Shares or Rights owned of record or Beneficially Owned by
Stockholder, provided, however, that this Section 3.2 shall cease to be of any
force or effect immediately upon termination of the DT Merger Agreement.
3.3 From the later of January 1, 2001 and the date of the Powertel
Stockholders' Meeting until the earlier of the Effective Time or the
termination of the DT Merger Agreement, Stockholder may Transfer only up to
17.5% of Stockholder's Total Number of Shares; provided, however, that if the
Effective Time shall not have occurred by July 31, 2001, the percentage
specified in this Section 3.3 shall on August 1, 2001 be increased by 3.75%
and, if the Effective Time shall not have occurred by August 31, 2001, the
percentage specified in this Section 3.3 shall on September 1, 2001 be
increased by an additional 3.75%, for an aggregate amount from and after
September 1, 2001 of 25%.
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3.4 From the Effective Time through and including the three month
anniversary of the Effective Time, Stockholder agrees not to Transfer any DT
Securities or DT Derivative Securities.
3.5 From the day following the three month anniversary of the
Effective Time, through and including the six month anniversary of the
Effective Time, Stockholder may Transfer only up to 40% of Stockholder's Total
Number of Shares, inclusive of any Transfer of any DT Derivative Securities.
3.6 For the avoidance of doubt, the portions of a Stockholder's
Total Number of Shares permitted to be Transferred pursuant to Section 3.3 and
Section 3.5 are (i) separate and not cumulative such that if a Stockholder does
not fully utilize the permission to Transfer up to 17.5% of Stockholder's Total
Number of Shares pursuant to Section 3.3, Stockholder shall not be permitted to
Transfer more than 40% of Stockholder's Total Number of Shares pursuant to
Section 3.5 and (ii) exclusive of any Transfers permitted by this Agreement
which occur at any time after the date hereof and prior to the end of the
periods specified in such Sections.
3.7 For purposes of Section 3.3, a Stockholder's "Total Number of
Shares" is equal to the sum (such sum, the "INITIAL NUMBER OF SHARES") of (i)
the number of shares of Powertel Stock owned of record or Beneficially Owned by
the Stockholder as of the later of January 1, 2001 and the date of the Powertel
Stockholders' Meeting, including any shares of Powertel Common Stock issuable
upon conversion of any shares of Powertel Preferred Stock owned by the
Stockholder and (ii) the number of shares of Powertel Common Stock owned of
record or Beneficially Owned by the Stockholder as a result of the exercise or
conversion, as applicable, of any options, warrants or convertible securities
(other than Powertel Preferred Stock) to acquire shares of Powertel Common
Stock, during the period from the later of January 1, 2001 and the date of the
Powertel Stockholders' Meeting, until the earlier of the Effective Time and the
termination of the DT Merger Agreement. For purposes of Section 3.5,
Stockholder's Total Number of Shares is equal to the sum of (A) the number of
DT Securities which the Stockholder has received or may be entitled to receive
as the Merger Consideration pursuant to the DT Merger Agreement in respect of
the Initial Number of Shares and (B) the number of DT Securities owned of
record or Beneficially Owned by the Stockholder as a result of the exercise or
conversion, as applicable, of any options, warrants or convertible securities
to acquire DT Securities (other than any such options, warrants or convertible
securities included in the calculation of the Initial Number of Shares), during
the relevant periods specified in Section 3.5.
3.8 The foregoing limitations set forth in Sections 3.3 and 3.5
shall not apply to any Transfers pursuant to a tender offer, self tender offer,
exchange offer or other transaction offered generally to holders of DT
Securities and approved or not opposed by DT's Supervisory Board, and
securities subject to a Transfer made pursuant to this Section 3.8 shall be
deemed continued to be owned by the Stockholder for purposes of the
calculations made under Sections 3.3 and 3.5.
3.9 Stockholder agrees, prior to the Effective Time, not to
effect, directly or indirectly, or through any arrangement with a third party
pursuant to which such third party may
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effect, directly or indirectly, any short sales of any Powertel Stock, DT
Securities or DT Derivative Securities except in accordance with the
limitations of Section 3.3.
3.10 Stockholder hereby irrevocably waives any rights of appraisal
or rights to dissent from the merger contemplated by the DT Merger Agreement
that Stockholder may have.
3.11 If DT acquires any Powertel after the date hereof for
consideration valued at more than $15 billion and, at the time the agreement in
respect of such acquisition by DT is entered into, (i) such company has a
single stockholder who owns 10% or more or a group of stockholders owning in
the aggregate 20% or more of the outstanding voting securities of such company
and (ii) in each case such stockholders are (or at any time within the prior
two years were) directors of or have the right to designate one or more
directors to the Board of Directors of such company or are officers of such
company or such company has any 5% or greater stockholders (other than
institutional investors) as to whom DT could reasonably enter into an agreement
in support of such acquisition and DT obtains or could reasonably be expected
to obtain the agreement of any such stockholder or group of stockholders of
such company, as the case may be, to vote for and support the acquisition or to
limit its powers of disposition in connection with the acquisition, the
transfer restrictions specified in Section 3.1 through 3.5 shall be revised to
reflect the more favorable treatment of the stockholders of such company or the
absence of restrictions, as the case may be, including the grant or sufferance
to exist of registration rights.
4. AGREEMENT TO VOTE. Stockholder hereby irrevocably and
unconditionally agrees to vote or to cause to be voted, or provide a consent
with respect to, all Shares that it owns of record or beneficially as of the
record date for the Powertel Stockholders' Meeting at the Powertel
Stockholders' Meeting and at any other annual or special meeting of
stockholders of Powertel or action by written consent where such matters arise
(a) in favor of the Merger and the DT Merger Agreement and approval of the
terms thereof and each of the other transactions contemplated thereby and (b)
against, and will not consent to, (i) approval of any Alternative Transaction
or (ii) the liquidation or winding up of Powertel. The obligations of each
Stockholder specified in this Section 4 shall apply whether or not the Board of
Directors of Powertel makes a Subsequent Determination.
5. DELIVERY OF PROXY. In furtherance of the agreements contained
in Section 4 hereof, Stockholder hereby agrees (a) to complete and send the
proxy card received by Stockholder with the Powertel Proxy Statement, so that
such proxy card is received by Powertel, as prescribed by the Powertel Proxy
Statement, not later than the fifth Business Day preceding the day of the
Powertel Stockholders' Meeting, (b) to vote, by completing such proxy card but
not otherwise, all the Shares it owns of record or Beneficially Owns as of the
record date for the Powertel Stockholders' Meeting (i) in favor of the Merger
and the DT Merger Agreement and (ii) if the opportunity to do so is presented
to Stockholder on the proxy card, against any Alternative Transaction and (c)
not to revoke any such proxy.
6. NO SOLICITATION. From and after the date hereof, the
Stockholders shall not, nor shall they permit any of their respective
Subsidiaries to, nor shall they authorize or permit any of their respective
officers, directors, members or employees to, and shall use their reasonable
best efforts to cause any investment banker, financial advisor, attorney,
accountants
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or other representatives retained by them or any of their respective
Subsidiaries not to, directly or indirectly through another person, (i)
solicit, initiate or encourage (including by way of furnishing information), or
knowingly take any other action designed to facilitate, any Alternative
Transaction, or (ii) participate in any discussions or negotiations regarding
any Alternative Transaction, provided that nothing herein shall affect the
ability of any Stockholder in its capacity as an officer, director, employee or
advisor to Powertel to take any action permissible under the DT Merger
Agreement.
7. TERMINATION OF REGISTRATION RIGHTS. The registration rights
held by the Stockholder pursuant to the Stock Purchase Agreement by and between
Powertel and the Stockholder dated June 22, 1998 shall, in consideration of the
undertakings by DT under this Agreement and the DT Merger Agreement, be
terminated and be of no further force or effect effective at the Effective
Time. The Stockholder agrees that (a) until the earlier of (x) the later of
January 1, 2001 and the date of the Powertel Stockholders' Meeting, and (y) the
termination of the DT Merger Agreement, Stockholder shall not exercise any
registration rights, (b) from the date hereof until the earlier of the
termination of the DT Merger Agreement or the Effective Time, Stockholder shall
not be entitled to the benefit of any preemption rights that Stockholder may
have under the agreements listed in the immediately preceding sentence and (c)
if Powertel and DT agree to decrease the exercise price of the Powertel
Warrants in accordance with Article V of the Powertel Warrant Agreement,
Stockholder hereby waives any adjustment to the Conversion Price (as defined in
the Certificate of Designations governing the Powertel Preferred Stock listed
on Schedule A hereto) that it may have otherwise been entitled to as a result
of such decrease in the exercise price of the Powertel Warrants. None of the
agreements so listed shall be amended or modified in a manner inconsistent with
the terms of this Agreement without DT's prior written approval.
8. ADDITIONAL SHARES AND ADDITIONAL RIGHTS. If, after the date
hereof, a Stockholder acquires record ownership or Beneficial Ownership of any
additional shares of capital stock of Powertel (any such shares, "ADDITIONAL
SHARES"), including, without limitation, upon exercise of any option, warrant
or right to acquire shares of capital stock of Powertel through the conversion
of the Powertel Preferred Stock or through any stock dividend or stock split,
or record ownership or Beneficial Ownership of any additional options, warrants
or rights to acquire shares of capital stock of Powertel (any such options,
warrants or rights, "ADDITIONAL RIGHTS"), the provisions of this Agreement
applicable to the Shares and the Rights shall be applicable to such Additional
Shares and Additional Rights from and after the date of acquisition thereof.
The provisions of the immediately preceding sentence shall be effective with
respect to Additional Shares or Additional Rights without action by any person
immediately upon the acquisition by any Stockholder of record ownership or
Beneficial Ownership of such Additional Shares or Additional Rights,
respectively.
9. MISCELLANEOUS.
9.1 ENTIRE AGREEMENT. This Agreement constitutes the entire
agreement among the parties with respect to the subject matter hereof and,
except for the Stockholders Agreements as defined in the VoiceStream
Reorganization Agreement and the Stockholders Agreements as defined in the
VoiceStream/DT Merger Agreement, supersedes all other prior agreements and
understanding, both written and oral, among the parties hereto with respect to
the
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Transfer or voting of Shares. This Agreement is not intended to confer upon any
Person other than the parties hereto any rights or remedies hereunder.
9.2 COSTS AND EXPENSES. All costs and expenses incurred in
connection with this Agreement and the transactions contemplated hereby shall
be paid by the party incurring such expenses.
9.3 INVALID PROVISIONS. If any provision of this Agreement shall
be invalid or unenforceable under applicable law, such provision shall be
ineffective to the extent of such invalidity or unenforceability only, without
it affecting the remaining provisions of this Agreement.
9.4 EXECUTION IN COUNTERPARTS. This Agreement may be executed in
counterparts each of which shall be an original with the same effect as if the
signatures hereto and thereto were upon the same instrument. The obligations of
the Stockholders hereunder are several and not joint and the covenants and
agreements of the Stockholders herein are made only in their capacity as
stockholders of Powertel and not in any other capacity (including as directors
or officers of Powertel).
9.5 SPECIFIC PERFORMANCE. Stockholder agrees with DT as to itself
that if for any reason any Stockholder fails to perform any of its agreements
or obligations under this Agreement, irreparable harm or injury to DT would be
caused as to which money damages would not be an adequate remedy. Accordingly,
Stockholder agrees that, in seeking to enforce this Agreement against
Stockholder, DT shall be entitled, in addition to any other remedy available at
law, equity or otherwise, to specific performance and injunctive and other
equitable relief. The provisions of this Section 9.5 are without prejudice to
any other rights or remedies, whether at law or in equity, that DT may have
against Stockholder for any failure to perform any of its agreements or
obligations under this Agreement.
9.6 AMENDMENTS; TERMINATION.
(a) This Agreement may not be modified, amended, altered or
supplemented, except upon the execution and delivery of a written agreement
executed by the parties hereto. As long as the Loan Agreement between ITC
Wireless, Inc. and Ericsson Inc., dated as of June 22, 1998, as amended,
remains in effect, this Agreement may not be amended or modified in a manner
adverse to Ericsson Inc. without the prior written consent of Ericsson Inc.
(b) The provisions of this Agreement (other than Sections 3, 4 and
5) shall terminate upon the earliest to occur of (i) the Effective Time, (ii)
the date that is two (2) years after the date hereof, and (iii) the termination
of the DT Merger Agreement. The provisions of Sections 3.2 through 3.5 of this
Agreement shall terminate when the applicable time periods set forth therein
lapse, the remaining provisions of Section 3 of this Agreement shall terminate
when each of Sections 3.2 through 3.5 of this Agreement have terminated and the
provisions of Section 4 and Section 5 of this Agreement shall terminate upon
the earlier to occur of the Effective Time and the termination of the DT Merger
Agreement.
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9.7 GOVERNING LAW; SUBMISSION AND JURISDICTION.
(a) This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware without giving effect to the
principles of conflicts of laws thereof.
(b) Each of the parties hereof irrevocably agrees that any legal
action or proceeding with respect to this Agreement or for recognition and
enforcement of any judgment in respect hereof brought by the other party hereto
or its successors or assigns shall be brought and determined only in the United
States District Court for the State of Delaware or, in the event (but only in
the event) that such court does not have subject matter jurisdiction over such
action or proceeding in the courts of the State of Delaware. Each of the
parties hereto hereby irrevocable submits with regard to any such action or
proceeding for itself and in respect to its property, generally and
unconditionally, to the personal jurisdiction of the aforesaid courts. Each of
the parties hereto hereby irrevocably waives, and agrees not to assert, by way
of motion, as a defense, counterclaim or otherwise, in any action or proceeding
with respect to this Agreement, (i) any claim that it is not personally subject
to the jurisdiction of the above-named courts for any reason other than the
failure to serve in accordance with this Section 9.7(b) or that it or its
property is exempt or immune from jurisdiction of any such court or from any
legal process commenced in such courts (whether through service of notice,
attachment prior to judgment, attachment in aid of execution of judgment,
execution of judgment or otherwise), and (ii) to the fullest extent permitted
by the applicable law, that (x) the suit, action or proceeding in such court is
brought in an inconvenient forum, (y) the venue of such suit, action or
proceeding is improper and (z) this Agreement, or the subject matter hereof,
may not be enforced in or by such courts. Without limiting the foregoing, each
party agrees that service of process on such party as provided in Section 9.9
shall be deemed effective service of process on such party.
9.8 Successors and Assigns. The provisions of this Agreement shall
be binding upon and inure to the benefit of the parties hereto and their
respective legal successors (including, in the case of Stockholder or any other
individual, any executors, administrators, estates, legal representatives and
heirs of Stockholder or such individual) and permitted assigns; provided that,
except as otherwise provided in this Agreement, no party may assign, delegate
or otherwise transfer any of its rights or obligations under this Agreement.
9.9 Notices. All notices and other communications given or made
pursuant hereto shall be in writing and shall be deemed to have been duly given
or made as of the date of receipt and shall be delivered personally or sent by
overnight courier or sent by telecopy, to the parties at the following
addresses or telecopy numbers (or at such other address or telecopy number for
a party as shall be specified by like notice):
(a) if to Stockholder, at Stockholder's address appearing on
Schedule A hereto or at any other address that Stockholder may have provided in
writing to DT.
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(b) if to DT:
Deutsche Telekom AG
140 Xxxxxxxxx-Xxxxx-Allee
53113 Bonn
Germany
Attention: Xxxxx Xxxx
Facsimile: x00-000-000-00000
with a copy to:
Cleary, Gottlieb, Xxxxx & Xxxxxxxx
Xxx Xxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxx X. Xxxxx
Facsimile: (000) 000-0000
9.10 WAIVER OF IMMUNITY. DT agrees that, to the extent that it or
any of its property is or becomes entitled at any time to any immunity on the
grounds of sovereignty or otherwise based upon its status as an agency or
instrumentality of government from any legal action, suit or proceeding or from
setoff or counterclaim relating to this Agreement from the jurisdiction of any
competent court, from service of process, from attachment prior to judgment,
from attachment in aid of execution of a judgment, from execution pursuant to a
judgment or arbitral award, or from any other legal process in any
jurisdiction, it, for itself and its property expressly, irrevocably and
unconditionally waives, and agrees not to plead or claim, any such immunity
with respect to such matters arising with respect to this Agreement or the
subject matter hereof (including any obligation for the payment of money). DT
agrees that the waiver in this provision is irrevocable and is not subject to
withdrawal in any jurisdiction or under any statute, including the Foreign
Sovereign Immunities Act, 28 U.S.C. Section 1602 et seq. The foregoing waiver
shall constitute a present waiver of immunity at any time any action is
initiated against DT with respect to this Agreement.
(the remainder of this page is intentionally left blank)
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IN WITNESS WHEREOF, the parties hereto have executed this
Stockholder Agreement as of the date first written above.
DEUTSCHE TELEKOM AG
By: /s/ Xxxxx Xxxx
----------------------------------------
Name: Xxxxx Xxxx
Title: Head of International Legal
Affairs
ITC HOLDING COMPANY, INC.
By: /s/ Xxxxxxx X. Xxxxx III
----------------------------------------
Name: Xxxxxxx X. Xxxxx III
Title: President
ITC SERVICE COMPANY
By: /s/ Xxxxxxx X. Xxxxx III
----------------------------------------
Name: Xxxxxxx X. Xxxxx III
Title: President
ITC WIRELESS INC.
By: /s/ Xxxxxxx X. Xxxxx III
----------------------------------------
Name: Xxxxxxx X. Xxxxx III
Title: President
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SCHEDULE A
Stockholder Name and Number of Existing Shares Number and Description of Existing
--------------------- ------------------------- ----------------------------------
Address Rights
------- ------
ITC Holding Company, Inc. and 3,112,458 Shares of Powertel Common
ITC Service Company (shared voting Stock
power)
0000 00xx Xxxxxx
Xxxxxx, XX 00000
ITC Wireless Inc.* 50,000 Shares of Powertel Series F 3,407,542 shares of Common Stock
0000 00xx Xxxxxx Preferred purchased under Stock issuable upon conversion of Powertel
Xxxxxx, XX 00000 Purchase Agreement dated June 22, Series F Convertible Stock
1998
4,647,385 Shares of Powertel Common
Stock
Dividend rights on Series F
Preferred Stock
* Shares of Powertel Stock held by ITC Wireless are subject to the liens of
Ericsson, Inc. pursuant to the Loan Agreement dated as of June 22, 1998,
Collateral Agency and Pledge Agreement dated as of June 22, 1998 and related
agreements and documents (for which Ericsson, Inc. has agreed to deliver a
letter agreeing to abide by the voting, transfer and non-solicitation of
Alternative Transactions, a draft of which has been delivered previously).
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