Irrevocable Waiver of Rights under Exchange Agreement
EX-2.3 2 w41407exv2w3.htm IRREVOCABLE WAIVER OF RIGHTS UNDER EXCHANGE AGREEMENT exv2w3
Exhibit 2.3
IRREVOCABLE WAIVER OF RIGHTS UNDER EXCHANGE AGREEMENT
September 17, 2007
September 17, 2007
Reference is hereby made to (1) that certain Exchange Agreement, dated as of January 31, 2007, as amended (the Exchange Agreement), by and among the Consenting Noteholders (as defined therein), SunCom Wireless Holdings, Inc., a Delaware Corporation (the Company), and certain of its Subsidiaries and (2) that certain Agreement and Plan of Merger, entered into on September 16, 2007 (the Merger Agreement), by and among Company, T-Mobile USA, Inc., a Delaware corporation (Parent), and Tango Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent. If the Merger contemplated by the Merger Agreement is completed, among other things, the company will become a wholly-owned subsidiary of Parent, and each outstanding share of common stock of the Company will be converted into the right to receive $27 per share, in cash, and the former holders of such shares will have no continuing equity interest in the Company.
The undersigned hereby irrevocably waives any right it might have under Section 9.1 of the Exchange Agreement to designate from and after the Effective Time (should it occur) any person for election to, or to fill any vacancy arising at or after the Effective Time (should it occur) on, the Companys Board of Directors. The foregoing waiver shall have no effect if the Merger Agreement is terminated in accordance with its terms prior to the Effective Time, but otherwise shall be irrevocable.
Date: 9/17/2007
PARDUS SPECIAL OPPORTUNITIES MASTER FUND L.P. By: Pardus Capital Management L.P., Its Investment Manager | ||||
By: | /s/ James Thornton | |||
Name: | James Thornton | |||
Title: | Authorized Officer |
IRREVOCABLE WAIVER OF RIGHTS UNDER EXCHANGE AGREEMENT
September 17, 2007
September 17, 2007
Reference is hereby made to (1) that certain Exchange Agreement, dated as of January 31, 2007, as amended (the Exchange Agreement), by and among the consenting Noteholders (as defined therein), SunCom Wireless Holdings, Inc., a Delaware Corporation (the Company), and certain of its Subsidiaries and (2) that certain Agreement and Plan of Merger, entered into on September 16, 2007 (the Merger Agreement), by and among Company, T-Mobile USA, Inc., a Delaware corporation (Parent), and Tango Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of parent. If the Merger contemplated by the Merger Agreement is completed, among other things, the company will become a wholly-owned subsidiary of parent, and each outstanding share of common stock of the company will be converted into the right to receive $27 per share, in cash, and the former holders of such shares will have no continuing equity interest in the Company.
The undersigned hereby irrevocably waives any right it might have under Section 9.1 of the Exchange Agreement to designate from and after the Effective Time (should it occur) any person for election to, or to fill any vacancy arising at or after the Effective Time (should it occur) on, the companys board of Directors. The foregoing waiver shall have no effect if the Merger Agreement is terminated in accordance with its terms prior to the Effective Time, but otherwise shall be irrevocable.
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HIGHLAND CRUSADER OFFSHORE PARTNERS, L.P. | ||||
By: | Highland Crusader GP, L.P., its general partner | |||
By: | Highland Crusader GP, LLC., its general partner | |||
By: | Highland Capital Management, L.P., its sole member | |||
By: | Strand Advisors, Inc., its general partner | |||
By: | /s/ James Dondero | |||
Name: | James Dondero | |||
Title: | President Strand Advisors, Inc., General Partner of Highland Capital Management L.P. | |||
HIGHLAND CREDIT STRATEGIES MASTER FUND, L.P. | ||||
By: | Highland General Partners, L.P., its general partner | |||
By: | Highland GP Holdings LLC, its general partner | |||
By: | Highland Capital Management, LP, its sole member | |||
By: | Strand Advisors, Inc., its general partner | |||
By: | /s/ James Dondero | |||
Name: | James Dondero | |||
Title: | President Strand Advisors, Inc., General Partner of Highland Capital Management L.P. |
HIGHLAND CDO OPPORTUNITY MASTER FUND, L.P. | ||||
By: | Highland CDO Opportunity Fund GP, L.P., its general partner | |||
By: | Highland CDO Opportunity Fund GP, LLC, its general partner | |||
By: | Highland Capital Management, L.P., its sole member | |||
By: | Strand Advisors, Inc., its general partner | |||
By: | /s/ James Dondero | |||
Name: | James Dondero | |||
Title: | President Strand Advisors, Inc., General Partner of Highland Capital Management L.P. | |||
HIGHLAND SPECIAL OPPORTUNITIES HOLDING COMPANY | ||||
By: | /s/ Kevin Ciavarra | |||
Name: | Kevin Ciavarra | |||
Title: | Secretary | |||
HIGHLAND CAPITAL MANAGEMENT SERVICES, INC. | ||||
By: | /s/ James Dondero | |||
Name: | James Dondero | |||
Title: | Officer |
RESTORATION OPPORTUNITIES FUND | ||||
By: | /s/ R. Joseph Dougherty | |||
Name: | R. Joseph Dougherty | |||
Title: | Senior Vice President | |||
HIGHLAND CREDIT STRATEGIES FUND | ||||
By: | /s/ R. Joseph Dougherty | |||
Name: | R. Joseph Dougherty | |||
Title: | Senior Vice President | |||
HIGHLAND CREDIT OPPORTUNITIES CDO, LTD. | ||||
By: | Highland Capital Management, L.P., Its collateral manager | |||
By: | Strand Advisors, Inc., its general partner | |||
By: | /s/ James Dondero | |||
Name: | James Dondero | |||
Title: | President Strand Advisors, Inc. General Partner of Highland Capital Management, L.P. |
HIGHLAND CREDIT OPPORTUNITIES CDO, L.P. | ||||
By: | Highland Credit Opportunities CDO GP, L.P., its general partner | |||
By: | Highland Credit Opportunities CDO GP, LLC., its general partner | |||
By: | Highland Capital Management, L.P., its sole member | |||
By: | Strand Advisors, Inc., its general partner | |||
By: | /s/ James Dondero | |||
Name: | James Dondero | |||
Title: | President Strand Advisors, Inc., General Partner of Highland Capital Management L.P. |
IRREVOCABLE WAIVER OF RIGHTS UNDER EXCHANGE AGREEMENT
September 17, 2007
September 17, 2007
Reference is hereby made to (1) that certain Exchange Agreement, dated as of January 31, 2007, as amended (the Exchange Agreement), by and among the Consenting Noteholders (as defined therein), SunCom Wireless Holdings, Inc., a Delaware Corporation (the Company), and certain of its Subsidiaries and (2) that certain Agreement and Plan of Merger, entered into on September 16, 2007 (the Merger Agreement), by and among Company, T-Mobile USA, Inc., a Delaware Corporation (Parent), and Tango Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent. If the Merger contemplated by the Merger Agreement is completed, among other things, the company will become a wholly-owned subsidiary of Parent, and each outstanding share of common stock of the Company will be converted into the right to receive $27 per share, in cash, and the former holders of such shares will have no continuing equity interest in the Company.
The undersigned hereby irrevocably waives any right it might have under Section 9.1 of the Exchange Agreement to designate from and after the Effective Time (should it occur) any person for election to, or to fill any vacancy arising at or after the Effective Time (should it occur) on, the Companys Board of Directors. The foregoing waiver shall have no effect if the Merger Agreement is terminated in accordance with its terms prior to the Effective Time, but otherwise shall be irrevocable.
Date: 9/18/2007
DIMAIO AHMAD CAPITAL LLC | ||||
By: | /s/ Lawrence Wolfson | |||
Name: | Lawrence Wolfson | |||
Title: | Authorized Signatory | |||
LISPENARD STREET CREDIT (MASTER), LTD. | ||||
By: | DiMaio Ahmad Capital LLC, its investment manager | |||
By: | /s/ Lawrence Wolfson | |||
Name: | Lawrence Wolfson | |||
Title: | Authorized Signatory | |||
POND VIEW CREDIT (MASTER), L.P. | ||||
By: | DiMaio Ahmed Capital LLC, its investment manager | |||
By: | /s/ Lawrence Wolfson | |||
Name: | Lawrence Wolfson | |||
Title: | Authorized Signatory | |||