Exhibit 10.54
Portions of this Exhibit were omitted and have been filed separately with the
Secretary of the Commission pursuant to the Company's application requesting
confidential treatment under Rule 24b-2 of the Securities Exchange Act.
AGREEMENT ENTERED INTO BY AND BETWEEN AVANTEL, S.A., HEREIN REPRESENTED BY XX.
XXXXXXXX XXXXXXX XXXXXXXX, ACTING AS THE LEGAL REPRESENTATIVE, HEREINAFTER
REFERRED TO AS "AVANTEL", AND AOL MEXICO, S. DE X.X. DE C.V. HEREIN REPRESENTED
BY LIC. XXXXXXXX XXXXXX XXXXXX, ACTING AS LEGAL REPRESENTATIVE, HEREINAFTER
REFERRED TO AS "AOL"; BOTH AVANTEL AND AOL MAY JOINTLY BE REFERRED TO AS THE
"PARTIES", UNDER THE FOLLOWING BACKGROUND, REPRESENTATIONS AND ARTICLES.
BACKGROUND
I.- On January 20, 2000, the PARTIES entered into a Master Agreement for Data
Communications and Value Added Services, under which AVANTEL provides AOL Port
installation, activation, maintenance and operation services ("Modems or Ports")
for AOL Switched Access National Network, as provided in Section 1 of the
Agreement and according to Exhibits "D" and "C" thereof. On October 31, 2001,
the PARTIES entered into a Letter Agreement to amend certain terms of the
Agreement ("Letter Agreement"). The Agreement and its Exhibits, together with
the new and amended terms set forth in Letter Agreement, shall be hereinafter
referred to as the "MAIN AGREEMENT".
II.- On October 31, 2001, the PARTIES entered into an ADDENDUM applicable only
for the rates of the [**] Ports delivered through the [**] E1's AOL requested
directly to the Local Service Provider, as provided in Section 1.1.(a) of the
MAIN AGREEMENT, modifying Section 2 of the MAIN AGREEMENT only regarding the
rates of such [**] Ports.
R E P R E S E N T A T I O N S
I.- PARTIES hereto acknowledge that this Agreement shall only be applicable for
the [**] Ports that are being cancelled according to what has been already
negotiated and agreed by the PARTIES and which Ports are identified in Annex 1
attached hereto. All the other terms and conditions of the MAIN AGREEMENT and
the ADDENDUM, shall remain in full force and effect for the remaining Ports,
which are identified in Annex 2.
II.- PARTIES hereto acknowledge the personality and faculties they claim,
acknowledging that such faculties have not been revoked, modified or limited any
way, and therefore they may bind themselves under the terms of this Agreement.
III.- This Agreement, signed by the parties, is made part of the MAIN AGREEMENT.
IV.- PARTIES hereto agree to execute this Agreement under the terms and
conditions set forth herein below:
CLAUSES
FIRST.- PURPOSE.
PARTIES agree to execute this Agreement in order to cancel the [**] Ports
identified in Annex 1 attached hereto as of the effective date specified in
Annex 1, as established in the Background and the Representations of this
Agreement, and as provided in the MAIN AGREEMENT and ADDENDUM.
4
Therefore, AOL has paid the penalties for the early cancellation of the [**}
Ports which are detailed in the invoices AVANTEL sent to AOL, and is willing to
pay upon the execution of this Agreement, the outstanding debts detailed in the
following table:
------------------------------------------------------------ --------------------------------------
INVOICES IN MXP PAYMENTS IN MXP
------------------------------------------------------------ --------------------------------------
Invoice Subtotal Tax Subtotal plus Invoice Payment Payment Amount Payment
Date Tax Number Date Status
---------------------------------------------------------------------------------------------------------------------
21/02/02 $ [**] $ [**] $ [**] A41507 11/07/02 $ [**] [**]
---------------------------------------------------------------------------------------------------------------------
28/03/02 $ [**] $ [**] $ [**] A42906 11/07/02 $ [**] [**]
---------------------------------------------------------------------------------------------------------------------
28/03/02 $ [**] $ [**] $ [**] A42905 11/07/02 $ [**] [**]
---------------------------------------------------------------------------------------------------------------------
22/05/02 $ [**] $ [**] $ [**] A44949 [**]
---------------------------------------------------------------------------------------------------------------------
======================================================================================================
$ [**] $ [**] $ [**] $ [**]
------------------------------------------------------------ --------------------------------------
INVOICES IN USD PAYMENTS IN USD
------------------------------------------------------------ --------------------------------------
Invoice Subtotal Tax Subtotal plus Invoice Payment Payment Amount Payment Status
Date Tax Number Date
----------------------------------------------------------------------------------------------------------------
21/02/02 $ [**] $ [**] $ [**] A41371 11/07/02 $ [**] [**]
----------------------------------------------------------------------------------------------------------------
26/02/02 $ [**] $ [**] $ [**] A41509 11/07/02 $ [**] [**]
----------------------------------------------------------------------------------------------------------------
27/03/02 $ [**] $ [**] $ [**] A46404 11/07/02 $ [**] [**]
----------------------------------------------------------------------------------------------------------------
27/03/02 $ [**] $ [**] $ [**] A46402 11/07/02 $ [**] [**]
----------------------------------------------------------------------------------------------------------------
13/03/02 $ [**] $ [**] $ [**] A42135 [**]
----------------------------------------------------------------------------------------------------------------
27/03/02 $ [**] $ [**] $ [**] A46405 [**]
----------------------------------------------------------------------------------------------------------------
27/03/02 $ [**] $ [**] $ [**] A46403 [**]
----------------------------------------------------------------------------------------------------------------
28/03/02 $ [**] $ [**] $ [**] A42908 [**]
----------------------------------------------------------------------------------------------------------------
22/05/02 $ [**] $ [**] $ [**] A44950 [**]
----------------------------------------------------------------------------------------------------------------
$ [**] $ [**] $ [**] A47930 [**]
----------------------------------------------------------------------------------------------------------------
======================================================================================================
$ [**] $ [**] $ [**] $ [**]
AVANTEL recognizes and acknowledges having received at its entire satisfaction
the payments referred to in the previous table and expressly states that the
amounts of these payments were calculated by AVANTEL itself and accepted by AOL.
Therefore, with the signature of this Agreement, AVANTEL receives this moment at
its entire satisfaction the payments made by AOL in the amounts of: $[**]
Mexican Pesos, Value Added Tax Included, wire transfer to [**], Account No. [**]
in favour of AVANTEL, S.A. and $[**] United States Dollars, Value Added Tax
Included, wire transfer to the [**], Account No. [**] ABA [**] in favour of
AVANTEL S.A:, against Invoices Nos. A44949, A42135, A46405, A46403, A42908,
A44950 and A47930 all of them issued by AVANTEL and already in possesion of AOL,
with this, the invoices are terminated; any debit that AOL had with AVANTEL
regarding the port connections identified in Annex 1 attached hereto.
As a consecuence of the payments AVANTEL had previously received and the
payments AVANTEL is receiveing in this moment, AVANTEL acknowledges and
understands that these amounts represent the only payments AVANTEL is entitled
to charge to AOL in connection with the cancellation of the Ports.
SECOND. RELEASE.
As consequence of having received at its entire satisfaction and conformity the
payment of the amounts referred to in the first article, upon execution of this
Agreement, AVANTEL on behalf of itself and all of its officers, directors,
stockholders, employees, agents, successors, assigns, parent and subsidiary
corporations, and related
2
entities and affiliates (collectively, the "AVANTEL Releasing Parties"), hereby
releases and irrevocably discharges AOL and all of AOL's officers, directors,
stockholders, employees, agents, successors, assigns, parent and subsidiary
corporations, and related entities and affiliates (collectively, the "AOL
Released Parties") from any and all complaints, claims, causes of action, suits,
costs, losses, liabilities, damages, and demands of any kind, whether known or
unknown (collectively, "Claims"), which any of the AVANTEL Releasing Parties has
alleged or could have alleged against any of the AOL Released Parties as of the
Effective Date, which relate to, or arise from the subject matter of the MAIN
AGREEMENT.
THIRD.- GENERAL
Parties hereto acknowledge that this Agreement shall only be applicable for the
[**] Ports that are being cancelled according to the First clause of this
document; consequently, all the other terms and conditions of the MAIN AGREEMENT
and the ADDENDUM, shall remain in full force and effect for the remaining Ports,
which are identified in Annex 2.
FOURTH.- CONFIDENTIALITY
This Agreement, including the amounts paid by AOL to AVANTEL hereunder, shall be
considered as confidential by the PARTIES, and shall be governed as stated in
Section 9 of the MAIN AGREEMENT.
FIFTH.- LANGUAGE
This Agreement may be executed in Spanish and English, provided however that the
Spanish version shall always prevail in the event of any disputes concerning
this Agreement.
SIXTH.- JURISDICTION, INTERPRETATION AND ENFORCEABILITY.
For the interpretation, fulfillment and enforceability of this document, PARTIES
submit themselves to the applicable laws and competent federal courts in Mexico
City, Federal District, expressly waving any other forum to which they could be
entitled resulting from their present or future domiciles.
Considering this Agreement contains no article contrary to law, and contains no
willful act, bad intention or any other reason that may invalidate it, PARTIES
sign two copies on December 13th, 2002, and such date shall be the day on which
this Agreement becomes effective ("Effective Date").
AVANTEL, S.A. AOL MEXICO, S. DE X.X. DE C.V.
/s/ XXXXXXXX XXXXXXX XXXXXXXX /s/ XXXXXXXX XXXXXX ARBESU
-------------------------------- -------------------------------
XX. XXXXXXXX XXXXXXX XXXXXXXX LIC. XXXXXXXX XXXXXX ARBESU
3
ANNEX 1 TO THE AGREEMENT
City 1st Canc. City 2nd Canc. City 3rd Canc. City 4th Canc. City 5th Canc.
Cancun [**] Morelia [**] Coatzacoalcos [**] Cd. Xxxxxxx [**] Chihuahua [**]
[**] San Xxxxxx [**] [**] [**]
Culiacan [**] Villahermosa Tuxtla Oaxaca Tlaxcala
Mazatlan [**] SLP [**] Cd. del Xxxxxx[**] Nuevo Laredo [**] Tulancingo [**]
Cuautla [**] Mazatlan [**] Campeche [**] Villahermosa [**] Tula [**]
Texcoco [**] Ocotlan [**] Villahermosa [**] Mexicali [**] Tijuana [**]
Tepatitlan [**] Tepatitlan [**] Cancun [**] Puerto Vallarta [**] Cuernavaca [**]
Toluca [**] Mexico, D.F. [**] Texcoco [**] Hermosillo [**] Xxxx [**]
Mexico, D.F. [**] Merida [**] Cordoba [**] Tepic [**]
SLP [**] Tijuana [**] Celaya [**] Culiacan [**]
Toluca [**] Mexico, D.F. [**] Orizaba [**] Mazatlan [**]
Veracruz [**] Torreon [**] Queretaro [**] Durango [**]
Mexico, D.F. [**] Jalapa [**] Toluca [**] Chihuahua [**]
Monterrey [**] Ags. [**] Irapuato [**] Tepatitlan [**]
Leon [**] CD. Xxxxxx [**] Monterrey [**] Merida [**]
Jalapa [**] CD. Xxxxxx [**] Guanajuato [**] CD. Victoria [**]
Merida [**] Orizaba [**] Merida [**] Mexico, D.F. [**]
CD. Xxxxxx [**] Irapuato [**] Mexico, D.F. [**] Poza Rica [**]
CD. Xxxxxx [**] Tlaxcala [**] Matamoros [**] Torreon [**]
Orizaba [**] Texcoco [**] Jalapa [**] Merida [**]
Irapuato [**] Tehuacan [**] Guadalajara [**] Ags. [**]
Tehuacan [**] Cordoba [**] Veracruz [**] Orizaba [**]
Cordoba [**] CD. Victoria [**] Queretaro [**] Tlaxcala [**]
CD. Victoria [**] Celaya [**] Saltillo [**] Tehuacan [**]
Celaya [**] Zacatecas [**] Ags. [**] Celaya [**]
Tulancingo [**] Tulancingo [**] SLP [**] Pachuca [**]
Tula [**] Tula [**] Torreon [**] Cuautla [**]
Poza Rica [**] Poza Rica [**] Reynosa [**] Mexico, D.F. [**]
Pachuca [**] Pachuca [**] Tampico [**] Veracruz [**]
Cuautla [**] Merida [**] Cuernavaca [**] Puebla [**]
Guadalajara [**] Tijuana [**] Tijuana [**] Torreon [**]
CD. Juarez [**] Guadalajara [**] Xxxx [**] Guadalajara [**]
Chihuahua [**] Guadalajara [**] CD. Juarez [**] Toluca [**]
Tampico [**] Puebla [**]
Guadalajara [**] Chihuahua [**]
Veracruz [**] Toluca [**]
Cuernavaca [**] Cuernavaca [**]
Guadalajara [**] Puebla [**]
CD. Juarez [**] Monterrey [**]
Monterrey [**] Guadalajara [**]
Queretaro [**] Toluca [**]
Monterrey [**] MEXICO, D.F. [**]
Guadalajara [**]
Mexico, D.F. [**]
Mexico, D.F. [**]
Mexico, D.F. [**]
Cuernavaca [**]
Puebla [**]
Queretaro [**]
Monterrey [**]
Guadalajara [**]
Puebla [**]
-------------------- ----------------- ------------------ -------------------- ----------------
TOTAL OF TOTAL OF TOTAL OF TOTAL OF TOTAL OF
CANCELLED CANCELLED CANCELLED CANCELLED CANCELLED
PORTS [**] PORTS [**] PORTS [**] PORTS [**] PORTS [**]
==================== ================= ================== ==================== ================
EFFECTIVE DATE OF EFFECTIVE DATE OF EFFECTIVE DATE OF EFFECTIVE DATE OF EFFECTIVE DATE OF
CANCELLATION CANCELLATION CANCELLATION CANCELLATION CANCELLATION
FEB/01/2002 APR/01/2002 MAY/01/2002 JUNE/01/2002 JULY/01/2002
4
ANNEX 2 TO THE AGREEMENT
CIUDAD Puertos 3COM CIUDAD Puertos VISP
---------------------------------------- -----------------------------------
Aguascalientes [**] Cd. Xxxxxx [**]
---------------------------------------- -----------------------------------
Cd. Xxxxxx [**] Chihuahua [**]
---------------------------------------- -----------------------------------
Cd. Victoria [**] Tampico [**]
---------------------------------------- -----------------------------------
Celaya [**] Celaya [**]
---------------------------------------- -----------------------------------
Chihuahua [**] Cd. Xxxxxx [**]
---------------------------------------- -----------------------------------
Cordoba [**] Cd. Victoria [**]
---------------------------------------- -----------------------------------
Cuautla [**] Cordoba [**]
---------------------------------------- -----------------------------------
Cuernavaca [**] Cuautla [**]
---------------------------------------- -----------------------------------
Gan [**] Irapuato [**]
---------------------------------------- -----------------------------------
Guadalajara [**] Orizaba [**]
---------------------------------------- -----------------------------------
Guadalajara [**] Pachuca [**]
---------------------------------------- -----------------------------------
Guanajuato [**] Poza Rica [**]
---------------------------------------- -----------------------------------
Irapuato [**] Tehuacan [**]
---------------------------------------- -----------------------------------
Jalapa [**] Tepatitlan [**]
---------------------------------------- -----------------------------------
Leon [**] Texcoco [**]
---------------------------------------- -----------------------------------
Matamoros [**] Tlaxcala [**]
---------------------------------------- -----------------------------------
Merida [**] Tula [**]
---------------------------------------- -----------------------------------
Mexico [**] Tulancingo [**]
---------------------------------------- -----------------------------------
Monterrey [**] Zacatecas [**]
---------------------------------------- -----------------------------------
Monterrey [**] Aguascalientes [**]
---------------------------------------- -----------------------------------
Orizaba [**] Jalapa [**]
---------------------------------------- -----------------------------------
Pachuca [**] Leon [**]
---------------------------------------- -----------------------------------
Poza Rica [**] Torreon [**]
---------------------------------------- -----------------------------------
Puebla [**] Merida [**]
---------------------------------------- -----------------------------------
Queretaro [**] Veracruz [**]
---------------------------------------- -----------------------------------
Reynosa [**] Ocotlan [**]
---------------------------------------- -----------------------------------
Saltillo [**] Cd.Xxxxxxx [**]
---------------------------------------- -----------------------------------
San Xxxx Potosi [**] Culiacan [**]
---------------------------------------- -----------------------------------
Tampico [**] Durango [**]
---------------------------------------- -----------------------------------
Texcoco [**] Hermosillo [**]
---------------------------------------- -----------------------------------
Tijuana [**] Mazatlan [**]
---------------------------------------- -----------------------------------
Toluca [**] Mexicali [**]
---------------------------------------- -----------------------------------
Xxxxx Xxxxxxxxx [**] Morelia [**]
---------------------------------------- -----------------------------------
Torreon [**] NuevoLaredo [**]
---------------------------------------- -----------------------------------
Veracruz [**] Oaxaca [**]
---------------------------------------- -----------------------------------
Zacatecas [**] PuertoVallarta [**]
---------------------------------------- -----------------------------------
Cancun [**] Tepic [**]
---------------------------------------- -----------------------------------
Villahermosa [**] Tuxtla Xxxxxxxxx [**]
---------------------------------------- -----------------------------------
Campeche [**] Acapulco [**]
---------------------------------------- -----------------------------------
San Xxxxxx Tuxtla [**]
----------------------------------------
Coatzacoalcos [**] [**]
----------------------------------------
Cd. Del Xxxxxx [**]
----------------------------------------
[**]
---------------------
TOTAL PUERTOS [**]
---------------------
(3COM Y MAX TNT)
5
