EXHIBIT 4.6
NETIA HOLDINGS S.A.
THE COMMITTEE
C/O CADWALADER, XXXXXXXXXX & XXXX
March 5, 2002
Telia AB (publ)
Corporate Mergers and Acquisitions
S-123 86 Farsta, Sweden
Attention: Xxxxxxx Xxxxx, Senior Vice President
X.X. Xxxxxxx, Xxxxxx & Co., LLC
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000, XXX
Attention: Xxxxxxx Xxxxxxx
JPMorgan Chase Bank
000 Xxxxxx Xxxx
Xxxxxx XX0X 0XX
Attention: Xxxxx X. Xxxxxxx
Xxxx Sirs:
Reference is made to the Restructuring Agreement, dated March 5, 2002
(the "Restructuring Agreement"), entered into among the Company, Netia South Sp.
z o.o., Netia Telekom S.A., Netia Holdings B.V., Netia Holdings II B.V., Netia
Holdings III B.V., the Consenting Noteholders Signatories thereto, JPMorgan
Chase Bank, Telia AB (publ.), Warburg, Xxxxxx Equity Partners, L.P., Warburg,
Xxxxxx Ventures International, L.P., Xxxxxxx, Xxxxxx Netherlands Equity Partners
I, C.V., Warburg, Xxxxxx Netherlands Equity Partners II, C.V., Warburg, Xxxxxx
Netherlands Equity Partners III, C.V., and Xxxxxxx Xxxxx Holding Limited. This
letter agreement is being entered into immediately after the Restructuring
Agreement and capitalized terms used but not defined herein shall have the
meanings given to them in the Restructuring Agreement.
This letter agreement sets forth the agreement of the parties to the
Restructuring Agreement that the Company and the Committee are hereby given the
authority to amend Section 2.1(a) of the Restructuring Agreement by granting the
Company and the Committee the approval to mutually agree to lower the percentage
of Consenting Noteholders from the 95% referred to in that Section 2.1(a) to
such lower percentage of Consenting Noteholders not below 80%. If the Company
and the Committee shall mutually decide to lower the percentage as permitted
herein, they shall give written notice thereof to the other parties to the
Restructuring Agreement.
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[LETTER AGREEMENT SIGNATURE PAGE]
This letter agreement may be executed in one or more counterparts,
each of which taken together shall constitute one and the same instrument.
Sincerely,
NETIA HOLDINGS, S.A., on behalf of
itself and the other companies in the
Company Group
By: /S/ XXX DON-XXXXXXX
-------------------------------------------
Name: Xxx Don-Xxxxxxx
Title: Vice President, Legal
By: /S/ AVRAHAM_HOCHMAN
-------------------------------------------
Name: Xxxxxxx Xxxxxxx
Title: Chief Financial Officer
Xxxxxxxxxx, Xxxxxxxxxx & Xxxx,
on behalf of the Committee
By: /S/ XXXXXXXXXX, XXXXXXXXXX & XXXX
-------------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Partner
cc: Xxxxxxx Xxxxx, Xxxx, Xxxxxxx & Xxxxxx
Xxx Xxxxx, Xxxxx & Xxxxx
Xxx-Xxxxxx Xxxxxxx, Xxxxx
Xxxxxx Xxxxxx, X.X. Xxxxxxx, Xxxxxx & Co.
International Ltd.
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[LETTER AGREEMENT SIGNATURE PAGE]
Acknowledged and agreed as of the date first
written above:
XX XXXXXX XXXXX BANK
By: /S/ XXX X. XXXXXX
-----------------------------------------
Name: Xxx X. Xxxxxx
Title: Managing Director
TELIA AB (publ.)
By: /S/ XXXXXXXX XXXXXX
-----------------------------------------
Name: Xxxxxxxx Xxxxxx
Title: President and CEO
WARBURG, XXXXXX EQUITY PARTNERS, L.P.
By Warburg, Xxxxxx & Co., its General Partner
By: /S/ XXXXXX XX XXXXXX
-----------------------------------------
Name: Xxxxxx Xx Xxxxxx
Title: Partner
WARBURG, XXXXXX VENTURES INTERNATIONAL, L.P.
By Warburg, Xxxxxx & Co., its General Partner
By: /S/ XXXXXX XX XXXXXX
-----------------------------------------
Name: Xxxxxx Xx Xxxxxx
Title: Partner
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[LETTER AGREEMENT SIGNATURE PAGE]
WARBURG, XXXXXX NETHERLANDS EQUITY PARTNERS I, C.V.
By Warburg, Xxxxxx & Co., its General Partner
By: /S/ XXXXXX XX XXXXXX
-------------------------------------------------
Name: Xxxxxx Xx Xxxxxx
Title: Partner
WARBURG, XXXXXX NETHERLANDS EQUITY PARTNERS II, C.V.
By Warburg, Xxxxxx & Co., its General Partner
By: /S/ XXXXXX XX XXXXXX
-------------------------------------------------
Name: Xxxxxx Xx Xxxxxx
Title: Partner
WARBURG, XXXXXX NETHERLANDS EQUITY PARTNERS III, C.V.
By Warburg, Xxxxxx & Co., its General Partner
By: /S/ XXXXXX XX XXXXXX
-------------------------------------------------
Name: Xxxxxx Xx Xxxxxx
Title: Partner
XXXXXXX XXXXX HOLDING LIMITED
By: /S/ XXXXXX XXXXXX
-------------------------------------------------
Name: Xxxxxx Xxxxxx
Title: Attorney
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