Letter Agreement

EX-10.3 4 g89195exv10w3.txt LETTER AGREEMENT Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company's application requesting confidential treatment under Rule 24b-2 of the Securities Exchange Act. Exhibit 10.3 (Translation) March 1st, 2004 MR. EDUARDO ALBERTO ESCALANTE CASTILLO CHIEF EXECUTIVE OFFICER AOL MEXICO, S. DE R. L. DE C. V. BLVD. MANUEL AVILA CAMACHO 36-5 LOMAS DE CHAPULTEPEC 1100 MEXICO, D.F. Dear Mr. Escalante: Reference is made to Table 1 of Exhibit 5 ("Charges and Rates") to the Services Contract [CONTRATO DE PRESTACION DE SERVICIOS] made by and between Uninet, S.A. de C.V. ("Uninet"), and AOL Mexico, S. de R.L. de C.V. ("AOL Mexico"), dated March 1st, 2004 (the "Contract"). I report below the charges and rates payable by AOL Mexico for the following items: Description Amount ----------- ------ Contracting Charge Ps.[**]* Relocation Charge Ps.[**]* *Charges stated in Mexican Currency, do not include Value Added Tax and apply per port These charges and rates will remain unchanged throughout the Contract term; Uninet may not unilaterally modify them. Uninet further accepts and acknowledges that a. The Contracting Charge mentioned in the Contract will not apply to any ports that AOL (i) ordered under contract in the past, as listed in Exhibit "A" hereto, (ii) has ordered pursuant to the Contract, or (iii) adds in the future to the Contract b. AOL Mexico owes [**] for the Cancellation or otherwise, as the case may be, of the ports listed on Exhibit "B" hereto, [**] does it owe [**] for any ports that may have been necessary in order to provide the Service. c. Since July 1st, 2003, AOL [Mexico] has ordered from Uninet under contract only the Ports listed on the Contract. Should you agree with the foregoing, please sign this letter to indicate your acceptance. Cordially yours, IN AGREEMENT: /s/ Mauricio Escobedo Vazquez /s/ Eduardo Alberto Escalante Castillo - -------------------------------- -------------------------------------- Mauricio Escobedo Vazquez Eduardo Alberto Escalante Castillo Legal Representative Legal Representative 2 EXHIBIT "A" PORT THAT REMAINED ACTIVE UP TO JUNE 30TH, 2003
City Telephone Ports Activation ---- --------- ----- ---------- Acapulco 74350105 [**] 09/25/02 Aguascalientes 40105005 [**] 10/10/02 Cancun 98818640 [**] 08/31/02 Cd. Juarez 16290998 [**] 10/23/02 Culiacan 77590404 [**] 11/14/02 Cuernavaca 69890595 [**] 03/08/02 Chihuahua 14320990 [**] 10/23/02 Guadalajara 32490201 [**] 11/23/00 Jalapa 28420205 [**] 09/25/02 Leon 47884940 [**] 10/10/02 Mazatlan 69890595 [**] 10/22/02 Merida 99406265 [**] 08/31/02 Mexicali 65804500 [**] 10/22/02 Mexico City 19432266 [**] 11/30/00 Monterrey 81229998 [**] 06/14/01 Morelia 43226999 [**] 09/27/02 Oaxaca 95016265 [**] 08/31/02 Puebla 22137300 [**] 09/03/02 Puerto Vallarta 32260208 [**] 09/25/02 Queretaro 42114040 [**] 09/25/02 San Luis Potosi 48265020 [**] 09/25/02 Tampico ###-###-#### [**] 03/18/02 Veracruz 29249205 [**] 09/27/02 Villahermosa 93580265 [**] 10/10/02 TOTAL [**] ----
3 EXHIBIT "B" PORTS CANCELLED BEFORE THE CONTRACT EXECUTION City Total Cancelled ---- --------------- Acapulco [**] Aguascalientes [**] Cancun [**] Cd. Juarez [**] Cuernavaca [**] Culiacan [**] Chihuahua [**] Guadalajara [**] Jalapa [**] Leon [**] Mazatlan [**] Merida [**] Mexicali [**] Mexico City [**] Monterrey [**] Morelia [**] Oaxaca [**] Puebla [**] Puerto Vallarta [**] Queretaro [**] San Luis Potosi [**] Tampico [**] Veracruz [**] Villahermosa [**] ===== [**] -----