October 29, 2004 Export Development Canada 151 O’Connor Street Ottawa, Ontario Canada K1A 1K3 Attention: David Guy Ladies and Gentlemen:Nortel Networks LTD • November 2nd, 2004 • Telephone & telegraph apparatus • Ontario
We refer to the Master Facility Agreement dated February 14, 2003, by and between Nortel Networks Limited (the “Company”) and Export Development Canada (“EDC”), as amended by that certain Amending Agreement No. 1 To Master Facility Agreement dated as of July 10, 2003, by and between the Company and EDC, as further amended by that certain letter agreement dated as of March 29, 2004 (the “March 29 Letter”), by and between the Company and EDC, as further amended by that certain letter agreement dated as of May 28, 2004 (the “May 28 Letter”), by and between the Company and EDC, as further amended by that certain letter agreement dated as of August 20, 2004 (the “August 20 Letter”), and as further amended by that certain letter agreement dated as of September 29, 2004 (the “September 29 Letter”, and together with the March 29 Letter, the May 28 Letter and the August 20 Letter, the “Letters”), by and between the Company and EDC. The Master Facility Agreement, as so amended, is referred to he
