Certain information in this document, designated by [***], has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K under the Securities Act of 1933, as amended, because it is both (i) not material and (ii) the type that the registrant...
Exhibit 10.7
Certain information in this document, designated by [***], has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K under the Securities Act of 1933, as amended, because it is both (i) not material and (ii) the type that the registrant treats as private or confidential.
AMENDMENT TO THE MASTER SERVICES AGREEMENT BETWEEN SUNRISE AND TOWERCO
THIS AGREEMENT is made on May 20, 2021.
BETWEEN
(1) | SUNRISE UPC GmbH, a company incorporated under the laws of Switzerland, with registered office at Xxxxxxxxxxxxxxxx 000x xx 0000 Xxxxxxx, registered with company number CHE-103.209.608 (“Sunrise”). |
and
(2) | SWISS TOWERS AG, a company incorporated under the laws of Switzerland, with registered office at Xxxxxxxxxxxxxxxx 000 xx 0000 Xxxxxxx, registered with company number CHE-239.486.117 (“TowerCo”); |
TowerCo and Sunrise herein collectively referred to as the “Parties” and each individually as a “Party”.
INTRODUCTION
A) | TowerCo and Sunrise signed a Master Services Agreement on July 19, 2017 (“MSA”), by virtue of which TowerCo renders specific services on its Infrastructure Network to Sunrise and by virtue of which Sunrise also committed to build a certain number of Sites to be included in said Infrastructure Network. Therefore they have concluded a Built-To-Suit Agreement (“BTS”). |
B) | [***]. The Parties recognise a need to extend the provisions regarding the handling of the Reference Rent and the adjustment of the Fee under Section 5.2 Exhibit 6.2 MSA. |
C) | The Parties understand that the structure of Section 5 Exhibit 6.2 MSA is based on the assumption that [***]. |
Therefore, and by virtue of the abovementioned
IT IS AGREED as follows:
1. | DEFINITIONS |
The terms defined in § 1 MSA shall have the same meaning in this Agreement, unless otherwise expressly stated herein.
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2. | Principle |
The Parties have specified in Section 5.2 Exhibit 6.2 MSA that [***], whereas the Reference Rent is assumed to be CHF [***] per Standard Site [***]. The Fee Adjustment shall be calculated pursuant to [***].
The Parties complement this calculation with [***]. The purpose is [***]. Meaning that [***].
Thereafter, the Adjustment of the Fee according to Section 5.2 Exhibit 6.2 MSA shall [***].
Example:
[***]
- [***] | ||
- [***] | ||
- [***] |
[***]
[***]: |
[***] | |
[***]: | ||
[***] | ||
[***]: | ||
[***] | ||
[***]: |
[***] | |
[***] |
3. | Amendment to Section 5.2 Exhibit 6.2 MSA |
3.1 | Fee Adjustment |
According to the mechanism above a new paragraph shall be added after Section 5.2 lit. c Exhibit 6.2 MSA:
[***]
4. | Administrative handling of [***] in Site Agreements |
The Parties understand that the new components in Section 2 above need further clarification. [***].
[***]
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5. | Miscellaneous |
This Agreement shall enter into effect as of 1st of January 2021.
This Agreement may be amended only in writing by an instrument signed by all Parties.
With all other regards the Parties shall adhere to the rules set forth in MSA.
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EXECUTED by the Parties
/s/ Xxxxx Xxxxxx |
/s/ Xxxxx Xxxxxxxxxxx | |
Signed by: | ||
Xxxxx Xxxxxx | Xxxxx Xxxxxxxxxxx | |
For and on behalf of SWISS TOWERS AG | ||
/s/ Xxxx Xxxxxxxx |
/s/ Xxxxxx Xxxxxxxxx | |
Signed by: | ||
Xxxx Xxxxxxxx | Xxxxxx Xxxxxxxxx |
For and on behalf of SUNRISE COMMUNICATIONS AG
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