EXHIBIT 10.27F
LETTER SUPPLEMENTAL TO SHAREHOLDERS AGREEMENT
RELATING TO INTERNATIONAL WIRELESS COMMUNICATIONS
PAKISTAN LIMITED DATED 17TH JULY, 1997
We, International Wireless Communications Limited ("IWC") and South Asia
Wireless Communications (Mauritius) Limited ("South Asia") refer to:
1. the shareholders agreement of even date hereto (the "Shareholders
Agreement") between ourselves relating to our investment in
International Wireless Communications Pakistan Limited ("IWC
Pakistan"); and
2. the share purchase agreement of even date hereto (the "Share Purchase
Agreement") between Motorola International Development Corporation and
IWC Pakistan relating to the purchase of shares in Pakistan Mobile
Communications (Pvt.) Ltd. ("PMCL").
We agree that notwithstanding any other provision of the Shareholders Agreement,
South Asia alone shall have the right to determine whether or not IWC Pakistan:
(a) elects to postpone Closing of the Share Purchase Agreement until 16th
September, 1997 by reason of the License not having been re-issued by
13th August, 1997 (the "License Condition"); and
(b) exercises its right by 13th September, 1997 not to acquire the shares
in PMCL pursuant to the Share Purchase Agreement 1997 by reason of the
License Condition not having been fulfilled.
It is further agreed that if the License Condition is not fulfilled and South
Asia shall on behalf of IWC Pakistan decide that IWC Pakistan shall not complete
the purchase of the shares in PMCL under the Share Purchase Agreement, South
Asia shall procure that the shares held by it in IWC Pakistan are forthwith
transferred at cost to IWC and that the directors nominated by it to the board
of IWC Pakistan forthwith resign.
/s/ Xxxxx Xxxxx
----------------------------------------------
for and on behalf of
International Wireless Communications Limited
/s/ Xxxxxxx Xxxxx
----------------------------------------------
for and on behalf of
South Asia Wireless Communications (Mauritius) Limited
Dated 16th July, 1997
