Amendment No. 1 to Warrant Agreement between Telscape International, Inc. and Investors

Summary

This amendment updates the original Warrant Agreement dated January 24, 2000, between Telscape International, Inc. and various investors. The amendment revises the definition of "Option" in Section 7.1(c) to include warrants issued in connection with the company's Class G Senior Preferred Stock. All other terms of the original agreement remain unchanged. The amendment is effective as of November 2000 and is signed by the company and the listed investors.

EX-10.60 22 0022.txt AMENDMENT NO. 1 TO WARRANT AGREEMENT This Amendment No. 1 to Warrant 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 Investors (as such term is defined in that certain Warrant Agreement, dated as of January 24, 2000, by and between the Company and the Investors (the "Warrant Agreement"). WHEREAS, the Company and the Investors entered into the Warrant Agreement; and WHEREAS, the Company and the Investors wish to amend the terms of the Warrant Agreement as described herein; NOW, THEREFORE, in consideration of the mutual promises, benefits and covenants herein contained, the Company and the Investors hereby agree as follows: 1. Unless otherwise defined, all capitalized terms used herein shall have the meaning ascribed to them in the Warrant Agreement. All references to Section herein shall be to Sections of the Warrant Agreement. 2. Section 7.1(c) shall be amended to add a section (vi) to the end of such Section to read as follows: "or (vi) any warrants issued in connection with the issuance of the Company's Class G Senior Preferred Stock, par value $0.001 per share." 3. The entirety of Section 7.1(c) shall read as follows: (c) "Option" shall mean rights, options or warrants to subscribe for, ------ purchase or otherwise acquire Common Stock or Convertible Securities, excluding (i) options granted to employees, officers, directors or issued to consultants of the Company or its subsidiaries or rights, warrants or convertible securities which, in each case, are outstanding as of the Original Issue Date, (ii) any warrants outstanding on the Original Issue Date, issued under this Agreement, or issued in connection with the issuance of the Class F Preferred Stock, (iii) options granted to employees, officers, directors or consultants pursuant to stock option plans adopted by the Board of Directors and approved by any Compensation Committee of the Board of Directors, (iv) any rights, options or warrants to subscribe for, purchase or otherwise acquire Common Stock or other Convertible Securities issued as a part of, or in connection with, the Merger, (v) any warrants issued in connection with the issuance of the Class C Preferred Stock, or (vi) any warrants issued in connection with the issuance of the Corporation's Class G Senior Preferred Stock, par value $0.001 per share. 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: _________________________________ 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:___________________________ Title: FERMOR INVESTMENTS LTD. By:______________________________ Name:____________________________ Title:___________________________ CAHILL, WARHOCK STRATEGIC PARTNERS FUND, L.P. By:______________________________ Name:____________________________ Title:___________________________ STRATEGIC ASSOCIATES, L.P. By:______________________________ Name:____________________________ Title:___________________________