OCTOBER 2008 LETTER AGREEMENT WITH DEBENTURE HOLDERS MSTI Holdings, Inc. Hawthorne, New Jersey 07506Letter Agreement • October 22nd, 2008 • MSTI Holdings, Inc. • Cable & other pay television services • New York
Reference is hereby made to that certain Securities Purchase Agreement, dated as of May 25, 2007 (the “Purchase Agreement”), as supplemented by letter agreements dated January 30, 2008, February 11, 2008 and May 23, 2008, by and among MSTI Holdings, Inc., a Delaware corporation (the “Company”), and each entity identified on the signature pages thereto (each, including its successors and assigns, a “Purchaser” and, collectively, the “Purchasers”). Capitalized terms used in this letter agreement (this “Agreement”) and not otherwise defined shall have the meanings ascribed to them in the Purchase Agreement.
