EXHIBIT 10.6
SUPPLEMENTARY INTERNATIONAL LEASING CONTRACT
UNDERSIGNED ON THE 1/ST/ OF AUGUST, 1998 BETWEEN
GLOBAL COMMUNICATIONS OPERATIONS INC. AND
TELEPALMIRA S.A. E.S.P.
DATE: Palmira, April 12/th/, 1998----------------------------------------------
LESSOR: Xxxxxx Xxxxxx Xxxxxxxxx legal representative OF GLOBAL
TELECOMMUNICATIONS OPERATIONS INC.----------------------------------------------
LESSEE: Xxxxx Xxxxxxx Xxxxxxxx Xxxxxx deputy legal representative of the firm
TELEPHONE COMPANY OF PALMIRA S.A. PUBLIC SERVICE COMPANY "TELEPALMIRA S.A.
E.S.P."._______________________________ PURPOSE: Modification of TWELFTH -
Rent -and THIRTEENTH - Delay - clauses of the International Leasing Contract
undersigned by the parties on the 1/st/ of August, 1998.------------------------
SUBSTITUTE CLAUSES: The TWELFTH -Rent - clause will be the following: "THE
LESSEE will be unconditionally obliged to and will need not be required to pay
to the LESSOR during the period of validity of this contract, a rent that shall
be determined as follows: a) A sum of ONE MILLION EIGHT HUNDRED FIFTY SEVEN
THOUSAND ONE HUNDRED SEVEN UNITED STATES DOLLARS WITH SEVENTY SIX CENTS
(US$1,857.107.76) on the 13/th/ day of April of 1998: b) 20 biannual
installments for the sums stipulated on the following chart for a period of 10
years:--------------------------------------------------------------------------
INSTALLMENTS DATE INSTALLMENT
TOTAL US$
------------------------------------------------------------------------
1 May 28, 1998 1.268.652.39
------------------------------------------------------------------------
2 July 28, 1998 876.356.95
------------------------------------------------------------------------
3 January 28, 1999 856.944.38
------------------------------------------------------------------------
4 July 28, 1999 837.531.81
------------------------------------------------------------------------
5 January 28, 2000 818.119.24
------------------------------------------------------------------------
6 July 28, 2000 798.706.67
------------------------------------------------------------------------
7 January 28, 2001 779.294.10
------------------------------------------------------------------------
8 July 28, 2001 759.881.53
------------------------------------------------------------------------
9 January 28, 2002 740.468.96
------------------------------------------------------------------------
10 July 28, 2002 721.056.39
------------------------------------------------------------------------
11 January 28, 2003 701.643.83
------------------------------------------------------------------------
12 July 28, 2003 682.231.26
------------------------------------------------------------------------
13 January 28, 2004 662.818.69
------------------------------------------------------------------------
14 July 28, 2004 643.406.12
------------------------------------------------------------------------
15 January 28, 2005 623.993.55
------------------------------------------------------------------------
16 July 28, 2005 604.580.98
------------------------------------------------------------------------
17 January 28, 2006 585.168.41
------------------------------------------------------------------------
18 July 28, 2006 565.755.84
------------------------------------------------------------------------
19 January 28, 2007 546.343.27
------------------------------------------------------------------------
20 July 28, 2007 526.930.63
------------------------------------------------------------------------
, and c) Four biannual installments for the sums stipulated on the following
chart:------------------------------------------------------------------
INSTALLMENTS DATE INSTALLMENT
TOTAL US$
------------------------------------------------------------------------
21 January 28, 2009 92.887.62
------------------------------------------------------------------------
22 July 28, 2009 92.887.62
------------------------------------------------------------------------
23 January 28, 2009 92.887.62
------------------------------------------------------------------------
24 July 28, 2009 92.887.62
------------------------------------------------------------------------
For a period of two years once the payment of the twenty installments cited in
the above-mentioned provision has been completed, payments that shall be
demanded the first five (5) days of each payable semester.--------------------
SECOND PARAGRAPH: It is cancelled.---------------------------------------------
THIRD PARAGRAPH: This contract will not generate fees payment during the fiscal
year of 1997"------------------------------------------
The THIRTEENTH clause of this contract will be as follows: " Delay - In the
event of delay on the part of THE LESSEE in the payment of the sums of money
stipulated in this contract, the above-mentioned party agrees to pay the LESSOR,
without benefit of summons, in accordance with the interest moratorium, the same
interest rate as the Libor dictates plus two (3%) annual percentage rate,
calculated beginning from the expiration date of the value that
is in default, until the date in which THE LESSEE has credited the payment to
the LESSOR'S bank account.--------------------------------------- The remaining
clauses of the mentioned contract remain unaltered.-------------- It is the
responsibility of the LESSEE to register this supplementary contract before the
exchange authorities.-------------------------------------------------------
FOR THE LESSOR,
______________________________________________
GLOBAL TELECOMMUNICATIONS OPERATIONS INC.
XXXXXX XXXXXX ECHEVERRY
CC.80.409.281 OF USAQUEN
LEGAL REPRESENTATIVE
FOR THE LESSEE,
_________________________________
XXXXX XXXXXXX XXXXXXXX XXXXXX
XX. 7.506.437 ARMENIA
DEPUTY LEGAL REPRESENTATIVE
TELEPALMIRA S.A. E.S.P.
