Exhibit 10.63
DEED OF INDEMNITY
THIS DEED is made on 24 September 2004
BY:
XXXXXXXXX TELECOMMUNICATIONS INTERNATIONAL LIMITED, a company incorporated with
limited liability under the laws of the Cayman Islands having its business
address at 18/F, Two Harbourfront, 00 Xxx Xxxx Xxxxxx, Xxxxxxx, Xxxxxxx, Xxxx
Xxxx ("Company")
IN FAVOUR OF
XXXXXXXXX WHAMPOA LIMITED, a company incorporated with limited liability under
the laws of Hong Kong having its registered office at 00/X Xxxxxxxxx Xxxxx, 00
Xxxxxxxx Xxxx, Xxxxxxx, Xxxx Xxxx ("HWL") for itself and as agent for the other
HWL Credit Support Providers (as defined below)
WHEREAS:
HWL and certain of its subsidiaries (each an "HWL Credit Support Provider") have
provided guarantees, indemnities or security ("HWL Credit Support") in respect
of credit facilities ("HTIL Facilities") made available to subsidiaries and
associates of Xxxxxxxxx Telecommunications International Limited ("HTIL
Borrowers"), particulars of which are set out in the Schedule to this
Counter-Indemnity.
As part of maintaining such HWL Credit Support, the Company shall enter into
this Deed of Indemnity.
NOW THIS DEED WITNESS AS FOLLOWS:
1 INDEMNITY
1.1 The Company unconditionally and irrevocably agrees to indemnify each HWL
Credit Support Provider against any and all payments, actions, claims,
demands, suits, proceedings, losses, liabilities, damages, penalties,
costs, charges and expenses of whatever nature which may result or which
it may sustain, suffer or incur in connection with or arising in any way
whatsoever out of its acting as an HWL Credit Support Provider, and to
pay to each HWL Credit Support Provider forthwith on demand all moneys
and liabilities whatsoever which may from time to time be claimed or
demanded from that HWL Credit Support Provider or which it shall pay or
become liable to pay or sustain, suffer or incur under or by reason of
or in connection with the relevant HWL Credit Support.
1.2 Each HWL Credit Support Provider is hereby further irrevocably
authorised and empowered to pay immediately any amounts demanded from
the relevant HWL Credit Support Provider or which the relevant HWL
Credit Support Provider from time to time becomes liable to pay under or
by reason of or in connection with the HWL Credit Support without any
reference to or further authority from the Company. Any request or
demand received by the relevant HWL Credit Support Provider in
connection with the HWL Credit Support shall constitute conclusive
evidence as between us and the relevant HWL Credit
Support Provider that the relevant HWL Credit Support Provider's
liability under the HWL Credit Support has accrued and shall constitute
conclusive authority by us to the relevant HWL Credit Support Provider
for making any payment requested or demanded. We shall be bound and
liable to the relevant HWL Credit Support Provider therefor and the
relevant HWL Credit Support Provider shall be at liberty to make such
payment without being under any duty to enquire whether any request or
demand on the relevant HWL Credit Support Provider has been properly
made, irrespective of notice or knowledge of dispute or denial of the
validity of any such request or demand, and we shall not be entitled to
deny or challenge the relevant HWL Credit Support Provider's authority
in the making of such payment nor to set up any defence of any nature
whatsoever. Provided always that, Notwithstanding any provision to the
contrary contained hereinbefore, no demand shall be served on the
Company by any HWL Credit Support Provider in connection with the HWL
Credit Support prior to 31 December 2005.
1.3 This indemnity shall not be in any way discharged or diminished, nor
shall our liability be affected by reason of any other guarantee,
indemnity, assurance, pledge, xxxx, xxxx, note, mortgage, charge,
debenture, security, or other right, power or remedy, or any payment
being or becoming wholly or in part invalid, defective, or
unenforceable, or otherwise failing to be perfected or enforced, or
being avoided on any ground whatsoever, whether or not known to the
relevant HWL Credit Support Provider, or by reason of the relevant HWL
Credit Support Provider from time to time, without the Company's
knowledge or consent, varying, realising or releasing any of the same or
the HTIL Facilities, or granting any time, indulgence or concession or
compounding with any person, or concurring in accepting or varying any
compromise arrangement or settlement, or omitting to claim or enforce
payment, or determining, varying, reducing or extending the terms of the
HWL Credit Support or the HTIL Facilities, or by anything done or
omitted which, but for this provision, might operate to exonerate the
Company.
2 REPRESENTATION AND WARRANTY
The Company represents and warrants to the HWL Credit Support Providers
that the Company has the corporate power to execute, deliver and perform
the terms and provisions of this Deed of Indemnity and the transactions
contemplated hereby and has taken all necessary corporate action to
authorize the execution, delivery and performance by the Company of this
Deed of Indemnity.
3 EXPENSES
Each of the Company and the relevant HWL Credit Support Provider shall
bear its own expenses incurred in connection with this Deed of Indemnity
and the transactions contemplated hereby, including but not limited to
legal fees.
4 GOVERNING LAW
This Deed of Indemnity shall be governed by and construed in accordance
with the laws of Hong Kong Special Administrative Region of the People's
Republic of China ("Hong
2
Kong"). The parties hereby irrevocably submit to the non-exclusive
jurisdiction of the courts of the Hong Kong.
IN WITNESS WHEREOF this Deed of Indemnity has been executed on the day and year
first above written.
THE COMMON SEAL of )
XXXXXXXXX TELECOMMUNICATIONS ) [Common Seal]
INTERNATIONAL LIMITED )
was hereunto affixed by )
in the presence of: )
/s/ Xxxxx Xxxx
Director
/s/ Xxxxx Xxxx
Secretary
SIGNED by Xxxxxxx Xxx )
for and on behalf of ) /s/ Xxxxxxx Xxx
XXXXXXXXX WHAMPOA LIMITED )
in the presence of: )
/s/ Xxxxxxxxxx Xxx
3
SCHEDULE
HONG KONG
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT LENDER/ARRANGER NATURE HWL SUPPORT FINAL MATURITY DATE
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18 October 2001, as Xxxxxxxxx 3G HK$150 Million Citibank Credit facility HIL Comfort no later than 21
amended and restated by: HK Limited issuance of for Letter October 2006
(1) The First Amendment
and Restatement Letter
Performance Bond
dated 18 October 2002;
(2) The Second Amendment
and Restatement Letter
dated 13 October 2003;
and (3) an Amendment
Letter dated 5 May 2004
with respect to the
amendment to the clause
"Ownership"
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4
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT LENDER/ARRANGER NATURE HWL SUPPORT FINAL MATURITY DATE
------------------------------------------------------------------------------------------------------------------------------------
3 June 2002, as further Xxxxxxxxx 3G HK$2 Million WestLB Bilateral Short- HIL Comfort 31 December 2004
amended and restated by: HK Limited term Revolving Letter with an extension
(1) an Amendment Letter Credit Facility option to extend
dated 26 September 2002 maturity date to 31
regarding the amendment December 2005
to "Conditions Precedent";
(2) an Amendment and
Restatement Letter dated
16 May 2003; (3) an
Amendment and Restatement
Letter dated 24 March
2004; (4) an Amendment
Letter dated 29 April
2004 with respect to the
amendment to the clause
"Ownership"; (5) an
Amendment Letter dated
14 May 2004 regarding the
amendment to "Final
Maturity"; and (6) an
Amendment Letter in
relation to the amendment
to "Final Maturity" dated
30 July 2004.
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT LENDER/ARRANGER NATURE HWL SUPPORT FINAL MATURITY DATE
------------------------------------------------------------------------------------------------------------------------------------
3 June 2002, as further Xxxxxxxxx 3G HK$2 Billion Citibank Bilateral Short- HIL Comfort 31 December 2004
amended and restated by: HK Limited term Revolving Letter with an extension
(1) an Amendment Letter and Xxxxxxxxx Credit Facility option to extend
dated 9 October 2002 3G Services maturity date to 31
regarding the amendment (HK) Limited December 2005
to "Conditions
Precedent"; (2) an
Amendment and Restatement
Letter dated 23 May 2003;
(3) an Amendment and
Restatement Letter dated
29 March 2004; (4) an
Amendment Letter dated
5 May 2004 in relation
to the amendment to the
clause "Ownership";
(5) an Amendment Letter
dated 17 May 2004 with
respect to the amendment
to "Final Maturity"; and
(6) an Amendment Letter
dated 29 July 2004
regarding the amendment
to "Final Maturity".
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT LENDER/ARRANGER NATURE HWL SUPPORT FINAL MATURITY DATE
------------------------------------------------------------------------------------------------------------------------------------
26 April 2004, as amended Xxxxxxxxx increased to HK$2 Calyon Bilateral Short- HIL Comfort 364 days with an
and restated by: (1) an Telephone Billion term Term Loan Letter extension option to
Amendment Letter dated Company Facility extend maturity
19 May 2004 in relation Limited date to 31 December
to the amendment to 2005
"Availability"; and
(2) an Amendment and
Restatement Letter dated
30 July 2004.
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30 June 1998 Xxxxxxxxx US$366m being Xxxxxxx Xxxxx US Lease HWL Guaranty 15 years with a
Telephone Stipulated Loss Capital Services, Transactions Agreement Purchase Option to
Company Value as at 1 Sep Inc. and Merrill purchase the
Limited 2004 Lynch, Pierce, Undivided Interest
Xxxxxx & Xxxxx on the EBO Payment
Incorporated Date of 1 January
2008.
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT LENDER/ARRANGER NATURE HWL SUPPORT FINAL MATURITY DATE
------------------------------------------------------------------------------------------------------------------------------------
30 June 1998 Xxxxxxxxx US$366m being Wilmington Trust US Lease HWL Guaranty 15 years with a
Telephone Stipulated Loss Company, Transactions Agreement Purchase Option to
Company Value as at 1 Sep Cooperatieve purchase the
Limited 2004 Centrale Raiffeisen- Undivided Interest
Boerenleenbank on the EBO Payment
B.A., Cooperatieve Date of 1 January
Centrale Raiffeisen- 2008.
Boerenleenbank
B.A., Hong Kong
Branch, Rabo
Merchant Bank N.V.
and the Owner
Participants
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT LENDER/ARRANGER NATURE HWL SUPPORT FINAL MATURITY DATE
------------------------------------------------------------------------------------------------------------------------------------
30 June 1998 Xxxxxxxxx In the range of Cooperatieve US Lease HWL Such time as all of
Telephone US$3.3m to Centrale Raiffeisen- Transactions Supplemental the Guaranty
Company US$30.4m with the Boerenleenbank Guaranty Obligations are
Limited Letters of Credit B.A., Hong Kong Agreement finally paid,
amounts change Branch performed and
semi-annually for observed in full
the period from 1
July 2004 to 1 Jan
2008. Letters of
Credit utilized as
at 22 September
2004 was
US$30,441,878.43
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THAILAND
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT NATURE LENDER/ARRANGER HWL SUPPORT FINAL MATURITY DATE
------------------------------------------------------------------------------------------------------------------------------------
15 July 2002 BFKT THB 2.2 Billion Bills of Exchange HSBC HWL Guarantee 15 July 2005
(Thailand) Issuance Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
4 October 2002 Xxxxxxxxx CAT THB 0 Xxxxxxx Xxxx XXX Term Loan SCB HWL Guarantee October 4, 2004
Wireless JPY 13.7 Billion and THB Revolving (to be extended to
MultiMedia Facility 30 December 2005)
Limited
------------------------------------------------------------------------------------------------------------------------------------
20 December 2002 BFKT THB 0 Xxxxxxx Xxxx XXX Term Loan HSBC HWL Guarantee 20 December 2004
(Thailand) JPY 10 Billion and THB Revolving (to be extended to
Limited Facility 30 December 2005)
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10 April 2003 BFKT THB 1.5 Billion Club JPY Term Loan HSBC HWL Guarantee 10 April 2005
(Thailand) JPY 9 Billion and THB Revolving (to be extended to
Limited Facility 30 December 2005)
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30 June 0000 Xxxxxxxxx XXX XXX 3.6 Billion Club Term Loan and SCB HWL Guarantee 30 June 2006
Wireless THB 3 Billion Letter of Credit
MultiMedia US$10 Million L/C Facilities
Limited Facility
------------------------------------------------------------------------------------------------------------------------------------
26 September 0000 Xxxxxxxxx XXX XXX 15.795 Billion Club Term Loan Citibank HWL Guarantee 26 September 2006
Wireless THB 3.5 Billion Facility
MultiMedia
Limited
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10
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT NATURE LENDER/ARRANGER HWL SUPPORT FINAL MATURITY DATE
------------------------------------------------------------------------------------------------------------------------------------
9 January 0000 Xxxxxxxxx XXX XXX 4.8 Billion Club Term Loan HSBC HWL Guarantee 9 January 2007
Wireless THB 5.5 Billion Facility
MultiMedia
Limited
------------------------------------------------------------------------------------------------------------------------------------
12 August 2003 BFKT US$35,004,819 EXIM Term Loan ABN HWL Guarantee 20 March 2010
(Thailand) Facility
Limited
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18 December 2003 Xxxxxxxxx CAT US$30 Million General Banking ABN HWL Guarantee On demand
Wireless Facilities
MultiMedia
Limited
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INDIA
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT LENDER/ARRANGER NATURE HWL SUPPORT FINAL MATURITY DATE
------------------------------------------------------------------------------------------------------------------------------------
3 December 2003 Xxxxxxxxx Xxx INR 800 Million HSBC General Banking HWL Guarantee 31 July 2005
Telecom Pvt Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
8 July 2003 Xxxxxxxxx INR 1.2 Billion ABN General Banking HWL Guarantee 31 July 2005
Essar Telecom Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
29 August 2003 Xxxxxxxxx INR 1.15 Billion Bank of America General Banking HWL Guarantee 31 December 2005
Essar Telecom Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
17 September 2003 Xxxxxxxxx US$20 Million HSBC Club Term Loan HWL Guarantee 6 October 2006
Essar Telecom Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
8 July 2003 Xxxxxxxxx INR 1.29 Billion ABN General Banking HWL Guarantee 31 July 2005
Telecom Facility
East Limited
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29 August 2003 Xxxxxxxxx INR 000 Xxxxxxx Xxxx xx Xxxxxxx General Banking HWL Guarantee 31 December 2005
Telecom East Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
18 August 2003 Fascel Limited INR 3.8 Billion SCB General Banking HWL Guarantee 18 August 2005
Facility
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3 December 2003 Fascel Limited INR 1 Billion HSBC General Banking HWL Guarantee 3 September 2005
Facility
------------------------------------------------------------------------------------------------------------------------------------
17 September 2003 Fascel Limited US$20 Million HSBC Club Term Loan HWL Guarantee 6 October 2006
Facility
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT LENDER/ARRANGER NATURE HWL SUPPORT FINAL MATURITY DATE
------------------------------------------------------------------------------------------------------------------------------------
8 July 2003 Xxxxxxxxx INR 1.29 Billion ABN General Banking HWL Guarantee 31 July 2005
Essar South Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
29 August 2003 Xxxxxxxxx INR 1.25 Billion Bank of America General Banking HWL Guarantee 31 December 2005
Essar South Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
17 September 2003 Xxxxxxxxx US$20 Million HSBC Club Term Loan HWL Guarantee 6 October 2006
Essar South Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
5 November 2003 Xxxxxxxxx INR 1.25 Billion Citibank General Banking HWL Guarantee 12 November 2004
Essar South Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
20 November 2003 Xxxxxxxxx INR 1.4 Billion GE Bilateral Term HWL Guarantee 20 November 2004
Essar South Loan Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
3 December 2003 Xxxxxxxxx INR 4.34 Billion HSBC General Banking HWL Guarantee 31 July 2005
Essar South Facility
Limited
------------------------------------------------------------------------------------------------------------------------------------
10 December 2003 Xxxxxxxxx INR 910 Million SCB General Banking HWL Guarantee 2 years from 1st
Essar South Facility Drawdown Date
Limited
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31 March 2004 Xxxxxxxxx EssarINR 1.5 Billion DB Short Term Loan HIL Guarantee 1 year from date
of 0xx Xxxxxxxx
Xxxxx Limited Date
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17 September 2003 Aircel US$20 Million HSBC Club Term Loan HWL Guarantee 6 October 2006
Digilink Facility
India Limited
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3 December 2003 Aircel INR 2 Billion HSBC General Banking HWL Guarantee 31 July 2005
Digilink Facility
India Limited
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DATE OF AGREEMENT BORROWER PRINCIPAL AMOUNT LENDER/ARRANGER NATURE HWL SUPPORT FINAL MATURITY DATE
------------------------------------------------------------------------------------------------------------------------------------
6 August 2003 Aircel INR 2.5 Billion ING General Banking HWL Guarantee 31 December 2005
Digilink Facility
India Limited
------------------------------------------------------------------------------------------------------------------------------------
22 June 2004 Aircel INR 600 Million ABN Bilateral Term Cash Back 23 September 2004
Digilink Loan Facility
India Limited
------------------------------------------------------------------------------------------------------------------------------------
17 July 2001 JayKay INR 920 Million GE Term Loan HWL Guarantee 23 October 2004
Finholding Facility
(India)
Private
Limited
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31 January 2002 Xxxx Xxxxxx INR 2.1 Billion HSBC Non Convertible HTL Guarantee 31 January 2005
Telematics Debenture
Limited
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29 November 2003 CGP US$53 Million BNP SBLC Issuance HWL Guarantee 27 November 2004
Investments Facility
(Holdings)
Limited
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