Exhibit 4.6
EXHIBIT D-2
FIRST AMENDMENT dated as of September 28, 1999
("Amendment") to the Guaranty Agreement dated as of May
7, 1999 ("Agreement"), made by FiberNet Telecom, Inc., a
Delaware corporation ("FiberNet Telecom"), FiberNet
Equal Access, L.L.C., a New York limited liability
company ("Equal Access"), and Local Fiber, L.L.C., a New
York limited company ("Local Fiber" and together with
FiberNet Telecom and Equal Access, the "Guarantors") to
the purchasers named in the Purchase Agreement (as
defined below).
Reference is made to the Securities Purchase Agreement dated as of
the date hereof (as the same may, from time to time, be supplemented, modified
or amended, the "Purchase Agreement"), among FiberNet Telecom Group, Inc., a
Nevada corporation (the "Company") and the purchasers listed therein (the
"September Purchasers").
In order to induce the September Purchasers to enter into the
Purchase Agreement and in consideration of the Company's contribution of working
capital to the Guarantors, each Guarantor has agreed to enter into this
Amendment.
ACCORDINGLY, in consideration of the premises and the mutual
covenants and agreements contained in this Amendment, and for other good and
valuable consideration the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows.
SECTION 1. DEFINITIONS.
(a) Capitalized terms used and not otherwise defined in this
Amendment have the meanings given to such terms in the Agreement.
(b) Unless otherwise specified, references in this Amendment to any
Section are references to such Section in this Amendment and references in any
Section or definition to any clause are references to such clause of such
Section or definition.
SECTION 2. AMENDMENT.
(a) All references to the "Secured Parties" or a "Secured Party"
contained in the Agreement shall be amended to include the September Purchasers
or a September Purchaser and the rights and obligations of each such September
Purchaser shall be PARI PASSU with each such Secured Party under the Agreement.
(b) All references to "Obligations" contained in the Agreement shall
be amended to include all payment and performance of obligations at any time of
the Loan Parties to the Secured Parties (including any successor or assigns
thereof) under, arising out of, or in connection with, the Agreement and the
other Loan Documents, whether direct or indirect, joint or several, absolute or
contingent, or now existing or hereafter arising under the Agreement or
any other Loan Documents ("the September Obligations") and the Obligations and
the September Obligations shall be PARI PASSU under the Agreement.
(c) All references to the "Loan Documents" contained in the
Agreement shall be amended to include the September Loan Documents (as defined
in the Securities Purchase Agreement).
SECTION 3. NOTICES. All notices, demands and requests of any kind to be
delivered to any party in connection with this Amendment shall be in writing and
shall be (a) delivered personally, (b) sent by nationally-recognized overnight
courier, (c) sent by first class, registered or certified mail, return receipt
requested or (d) sent by facsimile, in each case to such party at its address as
follows:
(i) if to any Guarantor, to:
FiberNet Telecom, Inc.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: President
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
with a copy to:
X'Xxxxxxxx Graev & Karabell, LLP
00 Xxxxxxxxxxx Xxxxx
Xxx Xxxx, XX 00000
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
Attention: Xxxxxx X. Xxxxxx, Esq.
(ii) if to the Collateral Agent, to:
Signal Equity Partners, L.P.
00 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxxx
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
with a copy to:
Xxxxxxxxxx & Xxxxx LLP
00 Xxxxxxxxxxx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
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Attention: Xxxxx Xxxxxxxxxxxx, Esq.
Any notice, demand or request so delivered shall constitute valid notice under
this Amendment and shall be deemed to have been received (a) on the day of
actual delivery in the case of personal delivery, (b) on the next Business day
after the date when sent in the case of delivery by nationally-recognized
overnight courier, (c) on the fifth Business Day after the date of deposit in
the U.S. mail in the case of mailing or (d) in the case of a facsimile
transmission, on the day sent, if sent on a Business Day, or, if not sent on a
Business Day, on the next Business Day after the day sent. Any party hereto may
from time to time by notice in writing served upon each of the other parties
hereto as aforesaid designate a different mailing address or a different person
to which all such notices, demands or requests thereafter are to be addressed.
SECTION 4. GOVERNING LAW. This Amendment shall be construed in accordance
with and governed by the laws of the State of New York (without giving effect to
principles of conflicts of laws).
SECTION 5. SUCCESSORS AND ASSIGNS. This Amendment shall be binding upon
and inure to the benefit of each Guarantor, the Secured Parties and their
successors and permitted assigns. This Amendment is not assignable except in
accordance with the Purchase Agreement. Any purported assignment inconsistent
with this provision shall be null and void.
SECTION 6. AMENDMENTS AND WAIVERS. Any provision of this Amendment may be
amended or waived, but only pursuant to a written agreement signed by each
Guarantor and the Majority in Interest.
SECTION 7. SEVERABILITY. Any provision of this Amendment which is
prohibited or unenforceable in any jurisdiction shall, as to such provision and
such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions of this Amendment
or affecting the validity or enforceability of such provision in any other
jurisdiction.
SECTION 8. SECTION HEADINGS. Section headings used in this Amendment are
for convenience only and are not to affect the construction of, or be taken into
consideration in interpreting, this Amendment.
SECTION 9. COUNTERPARTS. This Amendment may be executed in any number of
identical counterparts, each of which shall constitute an original but all of
which when taken together shall constitute but one contract.
* * * *
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the
Guaranty Agreement to be executed by their authorized officers, all as of the
date first written above.
FIBERNET TELECOM, INC.
By:
-------------------------------
Name: Xxxxxxx X. Xxxx
Title: President
FIBERNET EQUAL ACCESS, L.L.C.
By:
-------------------------------
Name: Xxxxxxx X. Xxxx
Title: President
LOCAL FIBER, L.L.C.
By:
-------------------------------
Name: Xxxxxxx X. Xxxx
Title: President
SIGNAL EQUITY PARTNERS, L.P.
AS COLLATERAL AGENT
By: Signal Equity Advisors, L.P.
Its: General Partner
By: Signal Equity Advisors, Inc.
Its: General Partner
By:
-------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: President
ANNEX I
SEPTEMBER PURCHASERS
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Signal Equity Partners, L.P.
00 X. 00xx Xxxxxx Xxxxx Xxxx Partners, L.P.
32nd Floor 000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
Attn: Xxxxxxx Xxxxxxx Attn: Xxxxxxx X. Xxxxxxx, Xx.
Telephone: (000) 000-0000 Telephone: (000) 000-0000
Telecopier: (000) 000-0000 Telecopier: (000) 000-0000
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Waterview Partners, XX Xxxxxx X. Xxxxxx
1114 Avenue of the Americas x/x X'Xxxxxxxx Xxxxx & Xxxxxxxx, XXX
00xx Floor 00 Xxxxxxxxxxx Xxxxx
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
Attn: Xxxxxxx Xxxxxxx Telephone: (000) 000-0000
Telephone: (000) 000-0000 Telecopier: (000) 000-0000
Telecopier: (000) 000-0000
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Exeter Capital Partners IV, L.P. Xxxxxx X. Xxxxxx
c/o The Exeter Group c/o X'Xxxxxxxx Graev & Karabell, LLP
00 X. 00xx Xxxxxx 00 Xxxxxxxxxxx Xxxxx
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
Attn: Xxxxx Xxx Telephone: (000) 000-0000
Telephone: (000) 000-0000 Telecopier: (000) 000-0000
Telecopier: (000) 000-0000
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Exeter Equity Partners, L.P. Madison Investment Partners II LP
c/o The Exeter Group 000 Xxxxxxx Xxxxxx
00 X. 00xx Xxxxxx 00xx Xxxxx
Xxx Xxxx, XX 00000 Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxx Xxx Telephone: (000) 000-0000
Telephone: (000) 000-0000 Telecopier: (000) 000-0000
Telecopier: (000) 000-0000 Attn: B. Xxxxxx Xxxxxxx
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Fiber Island, LLC
000 Xxxx Xxxxxx Burden Direct Investment Fund III
24th Floor 00 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000 32nd Floor
Attn: Xxxxxxx X'Xxxxxxx Xxx Xxxx, XX 00000
Telephone: (000) 000-0000 Attn: Xxxxxxx Xxxxx
Telecopier: (000) 000-0000 Telephone: (000) 000-0000
Telecopier: (000) 000-0000
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Xxxxxx Xxxxxxxxx Delta Opportunity Fund, Ltd
c/o X'Xxxxxxxx Graev & Karabell, LLP c/o International Fund Administration, Ltd.
00 Xxxxxxxxxxx Xxxxx Xxxxx 000
Xxx Xxxx, XX 00000 00 Xxx Xx Xxxxx Xxxx
Telephone: (000) 000-0000 Xxxxxxxx XX00
Telecopier: (000) 000-0000 Bermuda
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
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Delta Opportunity Fund (Institutional), LLC
c/o Diaz & Altschul Management, LLC
000 Xxxxx Xxxxxx
Xxxxx 0000
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxxxx X. Xxxxxxxx, Xx.
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
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Xxxxxxxx X. Xxxx
New York, New York
Telephone:
Telecopier:
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Overbrook Fund I, LLC
c/o Overbrook Management Corporation
000 Xxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Xxxx X. Xxxxxx
Telephone: (000) 000-0000
Telecopier: (000) 000-0000
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