Exhibit 10.4
AMENDMENT NO. 1
TO
AMENDED AND RESTATED
FIBER NETWORKS DEVELOPMENT AGREEMENT
This Amendment (the "Amendment") is entered into as of the 17th day of
March, 2000, by and between Sea Breeze Communication Company ("SBCC"), a
Delaware corporation, XX.Xxx Corp. ("XX.Xxx"), a Delaware corporation and XX.Xxx
Network Services Corp. ("Network Services Corp."), a Delaware corporation
formerly known as XX.Xxx, LLC.
WITNESSETH:
WHEREAS, SBCC and Network Services Corp. entered into a Fiber Networks
Development Agreement, dated May 17, 1999 (the "Original Agreement");
WHEREAS, SBCC and XX.Xxx Corp. entered into an Amended and Restated Fiber
Networks Development Agreement, dated October 29, 1999 (the "Agreement";
capitalized terms used herein without definition having the meanings given to
such terms in the Agreement);
WHEREAS, it was the intention of the parties to the Agreement that the
Agreement would amend and restate in its entirety the Original Agreement and
effect the substitution of XX.Xxx Corp. for Network Services Corp. as the entity
entitled to the rights of Network Services Corp., and subject to the obligations
of Network Services Corp., under the Agreement as so amended and restated;
WHEREAS, the parties hereto desire to enter into this Amendment in order to
amend certain provisions thereof and to confirm the release of (a) Network
Services Corp. from its obligations to SBCC under the Original Agreement and (b)
SBCC from its obligations to Network Services Corp. under the Original
Agreement.
NOW, THEREFORE, in consideration of the mutual covenants, terms and
conditions herein contained and for other good and valuable consideration, the
receipt of which is hereby acknowledged by each party hereto, the parties hereto
agree as follows:
1. AMENDMENT TO SECTION 7.2(a). Section 7.2(a) of the Agreement is hereby
amended, restated and replaced in its entirety with the following:
"(a) Telecom Easements and Encroachment Rights: XX.Xxx
Holdings, Limited shall issue to SBCC or its designee a promissory note in the
form attached hereto as Exhibit F."
2. AMENDMENT TO SECTION 7.5. Section 7.5 of the Agreement is hereby
amended, restated and replaced in its entirety with the following:
"7.5 DARK FIBER
In consideration of this Agreement, XX.Xxx shall at SBCC's
written request provide to SBCC capacity, up to a maximum of OC-12, at a per
unit price which is not more than the most favorable price to XX.Xxx for a
transaction of comparable capacity along a comparable route, along the entire
length of the route in which XX.Xxx installs its Fiber Networks for use by the
Affiliated Companies for their internal communication systems."
3. MUTUAL RELEASE OF NETWORK SERVICES CORP. AND SBCC. Network Services
Corp. hereby releases SBCC from all of SBCC's obligations to Network Services
Corp. pursuant to the Original Agreement. SBCC hereby releases Network Services
Corp. from all of Network Services Corp.'s obligations to SBCC pursuant to the
Original Agreement.
4. INTEGRATION. Except as expressly set forth herein, all of the terms
and conditions of the Agreement, including all exhibits thereto, remain in full
force and effect. The Agreement, including all such exhibits, is attached as
Schedule I hereto, and the parties hereby acknowledge that Schedule I, together
with this Amendment, comprises a complete and accurate copy of the Agreement,
including each such exhibit, as it is in effect as of the date hereof.
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date first above written.
XX.Xxx Corp.
By: /S/ XXXXXXX XXXXX
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Name: Xxxxxxx Xxxxx
Title: Vice Chairman and
Executive Vice President
XX.Xxx Network Services Corp.
By: /S/ XXXXXXX XXXXX
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Name: Xxxxxxx Xxxxx
Title:
Sea Breeze Communication Company
By: /S/ XXXXXX XXXXXXX
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Name: Xxxxxx Xxxxxxx
Title: Vice President
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