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Effective
as of:
January 1, 2001
The
Alpine Group, Inc.
0000 Xxxxxxxx, Xxxxx 0000
Xxx Xxxx, XX 00000-0000
RE: Services Agreement dated as of October 2, 1996 by and between The Alpine Group, Inc. and Superior TeleCom Inc. as amended and extended to date (as so amended and extended, the "Agreement")
This will confirm our agreement in modification and extension of the captioned Agreement as follows:
- 1.
- Section 3(b)
of the Agreement (as previously amended by letter agreements dated May 1, 1997 and May 1, 1999) shall be modified such that the fee for the service
period commencing January 1, 2001 through June 30, 2002 shall be reduced from $5 million to $4.0 million; and further amended to provide for an additional fee of
$1.0 million to be accrued and paid upon completion of the June 2002 Repayment Event (as defined in Amendment Number Five dated as of June 30, 2001, to the Amended and Restated
Credit Agreement dated as of November 27, 1998 by and among Superior Telecommunications Inc., and Essex Group Inc. as Borrowers and the Guarantor parties, and the Lender parties
described therein).
- 2.
- Section 9 of the Agreement is amended so that the automatic termination date stated therein shall be June 30, 2002.
As modified hereby, the Agreement is hereby expressly ratified and confirmed.
If the foregoing conforms with your understanding of the Agreement reached between us, kindly execute a copy of this letter so indicating.
| Very truly yours, | ||||
SUPERIOR TELECOM INC. |
||||
By: |
/s/ XXXXXX X. XXXXXX Xxxxxx X. Xxxxxx |
|||
| Its: | Chief Executive Officer | |||
Agreed
to as of the date first
hereinabove set forth
THE ALPINE GROUP, INC.
| By: | /s/ BRAGI X. XXXXX Bragi X. Xxxxx |
|
| Its: | Executive Vice President |
