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

Summary

This amendment updates the Registration Rights Agreement originally made between Telscape International, Inc. and various purchasers. The main change requires the company to file a registration statement with the SEC within 90 days after the first issuance of its Class G Senior Preferred Stock. All other terms of the original agreement remain in effect. The amendment is effective as of November 2000 and is signed by the company and all purchasers involved.

EX-10.50 12 0012.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 January 24, 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 7, 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: ___________________________ PURCHASERS: __________________________________ S. Marcus Finkle __________________________________ Richard Jelinek __________________________________ Charles Schaller __________________________________ William Loflin __________________________________ Uzi Zucker __________________________________ Dwight Lowell __________________________________ Jim Chaffin __________________________________ Robert S. Price __________________________________ Selig Zises Emicar, LLC By: ______________________________ Name: ____________________________ Title: ___________________________ Sound Capital Partners, LLC By: ______________________________ Name: ____________________________ Title: ___________________________ __________________________________ Fahad Al Athel __________________________________ Vee Bundy GOLDMAN SACHS & CO. By: ______________________________ Name: ____________________________ Title: ___________________________ __________________________________ Mark B. Cohen __________________________________ Steve Hirsch __________________________________ Jay Teitelbaum __________________________________ James L. Hochfelder __________________________________ Arthur Ashe __________________________________ Adnan S. Nahas PETROCELLI INDUSTRIES, INC. By: ______________________________ Name: ____________________________ Title: ___________________________ BIRDIE CAPITAL CORP. By: ______________________________ Name: ____________________________ Title: ___________________________ NEEDHAM CAPITAL MANAGEMENT, INC. By: ______________________________ Name: ____________________________ Title: ___________________________ BRAEFORD ENTERPRISES By: ______________________________ Name: ____________________________ Title: ___________________________ ANNISTON CAPITAL, INC. By: ______________________________ Name: ____________________________ Title: ___________________________ GIBRALT CAPITAL By: ______________________________ Name: ____________________________ Title: ___________________________ SKELDA LIMITED By: ______________________________ Name: ____________________________ Title: ___________________________ OGER PENSAT HOLDINGS LTD. By: ______________________________ Name: ____________________________ Title: ___________________________ FERMOR INVESTMENTS LTD. By: ______________________________ Name: ____________________________ Title: ___________________________ CAHILL, WARHOCK STRATEGIC PARTNERS FUND, L.P. By: ______________________________ Name: ____________________________ Title: ___________________________ STRATEGIC ASSOCIATES, L.P. By: ______________________________ Name: ____________________________ Title: ___________________________