A Novo SA 31, rue des Peupliers F-92660 Boulogne cedex, France December 14, 2001 A Novo Broadband, Inc. 3015 Greene Street Hollywood, FL 33020 A Novo Americas LLC 1114 Avenue of the Americas New York, NY 10036 Ladies and Gentlemen: Reference is made...Bridge Loan Agreement • January 14th, 2002 • A Novo Broadband Inc • Cable & other pay television services
Reference is made to that certain Bridge Loan Agreement dated as of August 29, 2001, as amended by letter dated December 13, 2001, by and among A Novo Americas LLC ("Parent"), A Novo Broadband, Inc. ("Borrower"), and A Novo SA ("Lender"). Unless otherwise provided herein, all capitalized terms used herein have the meanings assigned to them in the Bridge Loan Agreement. Borrower has requested and Lender and Parent have agreed that the loan made under the Bridge Loan Agreement shall be subordinated to Borrower's bank debt in order to enable Borrower to increase such bank debt to meet Borrower's operating cash requirements. Lender and Parent have agreed to execute the bank's required form of subordination agreement, on the condition that the Conversion Price be amended as provided herein.
