Amendment No. 1 to Registration Rights Agreement between Telscape International and Purchasers

Summary

This amendment updates the Registration Rights Agreement originally made between Telscape International, Inc. and certain investors. The main change requires Telscape to file a registration statement with the SEC within 90 days after the first issuance of its Class G Senior Preferred Stock. The amendment is agreed to by Telscape and the listed investors, including Sandler Capital Partners IV, L.P., Sandler Capital Partners IV FTE, L.P., Oger Pensat Holdings, Ltd., and CPP LLC.

EX-10.48 10 0010.txt AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT This Amendment No. 1 to Registration Rights Agreement (the "Amendment") is made and entered into as of the ____ day of November, 2000, by and Telscape International, a Texas corporation (the "Company"), and the Purchasers (as such term is defined in that certain Registration Rights Agreement, dated as of June 2, 2000, by and between the Company and the Purchasers (the "Registration Rights Agreement"). WHEREAS, the Company and the Purchasers entered into the Registration Rights Agreement; and WHEREAS, the Company and the Purchasers wish to amend the terms of the Registration Rights Agreement as described herein; NOW, THEREFORE, in consideration of the mutual promises, benefits and covenants herein contained, the Company and the Purchasers hereby agree as follows: 1. Unless otherwise defined, all capitalized terms used herein shall have the meaning ascribed to them in the Registration Rights Agreement. All references to Section herein shall be to Sections of the Registration Rights Agreement. 2. The first sentence of Section 2.1(a) shall be amended read in its entirety as follows: (a) Subject to the provisions set forth in Article 5, the Company shall file, on or before the date that is 90 days following the first issuance of the Company's Class G Senior Preferred Stock, par value $0.001 per share, with the Commission a registration statement under the Securities Act on Form S-3 or any appropriate form (or any successor form) pursuant to Rule 415 under the Securities Act. IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 1as of the date first above written. TELCAPE INTERNATIONAL, INC. By: _____________________________ Name: ___________________________ Title: __________________________ INVESTORS: SANDLER CAPITAL PARTNERS IV, L.P. By: _____________________________ David C. Lee Managing Director SANDLER CAPITAL PARTNERS IV FTE, L.P. By: _____________________________ David C. Lee Managing Director OGER PENSAT HOLDINGS, LTD. By: _____________________________ Name: ___________________________ Title: __________________________ CPP LLC By: _____________________________ Name: ___________________________ Title: __________________________