EX-99.8 9 dp41860_exhibit-8.htm EXHIBIT 99.8
EXHIBIT 8
 
DEED OF ADHERENCE
 

 
To:

TELECOM ITALIA S.p.A .
TELECOM ITALIA INTERNATIONAL N.V.
W de Argentina - Inversiones S.L.
LOS W S.A.
Gerardo Werthein
Dario Werthein
Daniel Werthein
Adrian Werthein

 

Dear Sirs,
 
 
We make reference to the Amended and Restated Shareholders’ Agreement (the “Shareholders’ Agreement”), dated August 5, 2010, as amended further on October 13, 2010, on March 9, 2011 and on November 13, 2013, entered into by and among Telecom Italia S.p.A. (“TI”), Telecom Italia International N.V. (“TII”), W de Argentina – Inversiones S.L. (“Los W”), Los W S.A. (“Los W Guarantor Company”) and Gerardo Werthein, Daniel Werthein, Dario Werthein and Adrian Werthein (collectively “Los W Controlling Shareholders”), concerning their respective participation in Sofora Telecomunicaciones S.A. (“Sofora”) and to the willingness of Fintech Telecom, LLC to become a party of the Shareholders’ Agreement pursuant to terms and conditions of this deed of adherence (the “Deed of Adherence”).
 
All capitalized terms used but not otherwise defined herein shall have the meaning ascribed to them in the Shareholders’ Agreement.
 
1.  
Adherence and Undertakings

1.1           Fintech Telecom, LLC, a limited liability company organized and existing in accordance with the laws of Delaware, with its head office at 375 Park Avenue 38th Floor, New York, NY 10152  (“Adhering Party”) hereby irrevocably and unconditionally adheres to the Shareholders’ Agreement (a copy of which has been delivered to Adhering Party and which Adhering Party has reviewed and executed and attached hereto as Annex 1 for identification) as a party thereto, hereby irrevocably and unconditionally agreeing to be directly bound by any and all terms and conditions of the Shareholders’ Agreement, including its Exhibits and appendixes.
 
1.2           The Adhering Party hereby agrees that, by executing this Deed of Adherence, it shall be deemed to have been a Party (as defined in the Shareholders’ Agreement) to the Shareholders’
 
 
 
 
 

 
 
 
 
Agreement subject to the occurrence of the closing of the transactions contemplated under, and solely in accordance with the terms of, the Stock Purchase Agreement dated November 13, 2013, among Fintech Telecom, LLC, TI and TII, as amended from time to time by the parties thereto, pursuant to which TI and TII have agreed to sell to Fintech Telecom, LLC all of their direct and indirect ownership interest in Telecom Argentina S.A.
 
2.  
Notices
 
The Adhering Party confirms that its address for serving notices pursuant to the Article 17 “Notices” shall be the following:
 
Fintech Telecom, LLC
375 Park Avenue 38th Floor
New York, NY 10152
Tel: 212 593 3500
Fax: 212 593 3461
Attn: J.R. Rodriguez, Erika Mouynes
Email: jrr@fintechadv.com, em@fintechadv.com
 
Copy to:
 
Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, NY 10006
Tel: 212 225 2000
Fax: 212 225 3999
Attn: Rich Cooper
Email: rcoopercgsh.com

Errecondo Gonzalez Funes
Tone Fortabat
Bouchard 680 — C1106ABH
Tel: (54 11) 5236 4400
Fax: (54 11) 5236 4401
Attn: Baruki Gonzalez
Email: baruki.gonzalez@egfa.com.ar
 
 
 
 
2

 
 
 

 

Sincerely,
 
   
FINTECH TELECOM, LLC
 
   
By:
/s/ Julio Rafael Rodriguez, Jr.
 
 
Name:        Julio Rafael Rodriguez, Jr.
 
 
Title:          Authorized Person
 
 

By:
/s/ Erika Mouynes
 
 
Name:        Erika Mouynes
 
 
Title:          Authorized Person
 

 

 

 
 

 



Accepted and Agreed:
 
   
TELECOM ITALIA S.p.A.
 
   
By:
/s/ Piergiorgio Peluso
 
 
Name:        Piergiorgio Peluso
 
 
Title:          CFO
 

 

TELECOM ITALIA INTERNATIONAL N.V.
 
   
By:
/s/ Guglielmo Noya
 
 
Name:        Guglielmo Noya
 
 
Title:          Attorney in Fact
 




 
 

 



Accepted and Agreed:

W de Argentina – Inversiones S.A. (formerly denominated W de Argentina – Inversiones S.L.)

Gerardo Werthein

/s/ Gerardo Werthein                      


Los W Guarantor Company
Daniel Werthein

/s/ Daniel Werthein                         


Los W Controlling Shareholders
 
Dario Werthein
Daniel Werthein
   
/s/ Dario Werthein                            
/s/ Daniel Werthein                        
   
Adrian Werthein
Gerardo Werthein
   
/s/ Adrian Werthein                         
/s/ Gerardo Werthein