AMENDMENT NO. 1 TO COLLATERAL AGREEMENTCollateral Agreement • November 30th, 2006 • Eco Telecom LTD • Radiotelephone communications • New York
AMENDMENT dated as of November 29, 2006 to the Collateral Agreement dated as of April 28, 2005 (the “Collateral Agreement”) among Eco Telecom Limited, a company organized under the laws of Gibraltar, as Pledgor (the “Pledgor”), Deutsche International Corporate Services Limited, a Jersey company, as Collateral Agent (in such capacity, together with its successors in such capacity, the “Collateral Agent”) for the benefit of Deutsche International Corporate Services Limited, as trustee under the Indenture referred to therein (in such capacity, together with its successors in such capacity, the “Trustee”), the Trustee, The Bank of New York, as Securities Intermediary (as defined therein) (the “Securities Intermediary”) and, solely with respect to Section 11 of the Collateral Agreement, The Bank of New York, in its capacity as depositary under the ADR Program (as defined therein) (in such capacity, together with its successors in such capacity, the “Depositary”).
