EXHIBIT 4.6
NETIA HOLDINGS S.A.
THE COMMITTEE
C/O CADWALADER, ▇▇▇▇▇▇▇▇▇▇ & ▇▇▇▇
March 5, 2002
Telia AB (publ)
Corporate Mergers and Acquisitions
S-123 86 Farsta, Sweden
Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇, Senior Vice President
▇.▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ & Co., LLC
▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇
Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
JPMorgan Chase Bank
▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇
Attention: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇ Sirs:
Reference is made to the Restructuring Agreement, dated March 5, 2002
(the "Restructuring Agreement"), entered into among the Company, Netia South Sp.
z o.o., Netia Telekom S.A., Netia Holdings B.V., Netia Holdings II B.V., Netia
Holdings III B.V., the Consenting Noteholders Signatories thereto, JPMorgan
Chase Bank, Telia AB (publ.), Warburg, ▇▇▇▇▇▇ Equity Partners, L.P., Warburg,
▇▇▇▇▇▇ Ventures International, L.P., ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ Netherlands Equity Partners
I, C.V., Warburg, ▇▇▇▇▇▇ Netherlands Equity Partners II, C.V., Warburg, ▇▇▇▇▇▇
Netherlands Equity Partners III, C.V., and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Holding Limited. This
letter agreement is being entered into immediately after the Restructuring
Agreement and capitalized terms used but not defined herein shall have the
meanings given to them in the Restructuring Agreement.
This letter agreement sets forth the agreement of the parties to the
Restructuring Agreement that the Company and the Committee are hereby given the
authority to amend Section 2.1(a) of the Restructuring Agreement by granting the
Company and the Committee the approval to mutually agree to lower the percentage
of Consenting Noteholders from the 95% referred to in that Section 2.1(a) to
such lower percentage of Consenting Noteholders not below 80%. If the Company
and the Committee shall mutually decide to lower the percentage as permitted
herein, they shall give written notice thereof to the other parties to the
Restructuring Agreement.
1
[LETTER AGREEMENT SIGNATURE PAGE]
This letter agreement may be executed in one or more counterparts,
each of which taken together shall constitute one and the same instrument.
Sincerely,
NETIA HOLDINGS, S.A., on behalf of
itself and the other companies in the
Company Group
By: /S/ ▇▇▇ DON-▇▇▇▇▇▇▇
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Name: ▇▇▇ Don-▇▇▇▇▇▇▇
Title: Vice President, Legal
By: /S/ AVRAHAM_HOCHMAN
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Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Chief Financial Officer
▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ & ▇▇▇▇,
on behalf of the Committee
By: /S/ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ & ▇▇▇▇
-------------------------------------------
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Partner
cc: ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇, ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇
▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇
▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ & Co.
International Ltd.
2
[LETTER AGREEMENT SIGNATURE PAGE]
Acknowledged and agreed as of the date first
written above:
▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ BANK
By: /S/ ▇▇▇ ▇. ▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇ ▇. ▇▇▇▇▇▇
Title: Managing Director
TELIA AB (publ.)
By: /S/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: President and CEO
WARBURG, ▇▇▇▇▇▇ EQUITY PARTNERS, L.P.
By Warburg, ▇▇▇▇▇▇ & Co., its General Partner
By: /S/ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇
Title: Partner
WARBURG, ▇▇▇▇▇▇ VENTURES INTERNATIONAL, L.P.
By Warburg, ▇▇▇▇▇▇ & Co., its General Partner
By: /S/ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇
-----------------------------------------
Name: ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇
Title: Partner
3
[LETTER AGREEMENT SIGNATURE PAGE]
WARBURG, ▇▇▇▇▇▇ NETHERLANDS EQUITY PARTNERS I, C.V.
By Warburg, ▇▇▇▇▇▇ & Co., its General Partner
By: /S/ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇
Title: Partner
WARBURG, ▇▇▇▇▇▇ NETHERLANDS EQUITY PARTNERS II, C.V.
By Warburg, ▇▇▇▇▇▇ & Co., its General Partner
By: /S/ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇
-------------------------------------------------
Name: ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇
Title: Partner
WARBURG, ▇▇▇▇▇▇ NETHERLANDS EQUITY PARTNERS III, C.V.
By Warburg, ▇▇▇▇▇▇ & Co., its General Partner
By: /S/ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇
Title: Partner
▇▇▇▇▇▇▇ ▇▇▇▇▇ HOLDING LIMITED
By: /S/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
Title: Attorney
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