EX-99.2 3 y24359exv99w2.htm EX-99.2: FIRST AMENDMENT TO RESTRUCTURING AGREEMENT exv99w2
 

Exhibit 99.2
EXECUTION COUNTERPART
FIRST AMENDMENT TO THE RESTRUCTURING AGREEMENT
     This FIRST AMENDMENT TO THE RESTRUCTURING AGREEMENT (this “Agreement”), dated as of July 28, 2006, is entered into by and among:
  (a)   Satélites Mexicanos, S.A. de C.V. (the “Company”);
 
  (b)   Servicios Corporativos Satelitales, S.A. de C.V. (“Servicios”);
 
  (c)   Loral Skynet Corporation and Loral SatMex Ltd. (collectively, “Loral”);
 
  (d)   Principia, S.A. de C.V. (“Principia” and, together with Loral, the “Supporting Equity Holders”);
 
  (e)   the undersigned beneficial owners (or investment managers or advisors with power to vote or dispose of all or substantially all of the relevant securities on behalf of the beneficial owners) of the Senior Secured Floating Rate Notes due June 30, 2004, identified on Exhibit A-1 hereto (the “Executing FRN Holders”), who together constitute Majority FRN Holders under the Restructuring Agreement (as defined below); and
 
  (f)   the undersigned beneficial owners (or investment managers or advisors with power to vote or dispose of all or substantially all of the relevant securities on behalf of the beneficial owners) of the 10-1/8% Senior Notes due November 1, 2004, identified on Exhibit A-2 hereto (the “Executing Noteholders” and, together with the Supporting Equity Holders and the Executing FRN Holders, the “Executing Holders,” and each, individually, an “Executing Holder”), who together constitute Majority Noteholders under the Restructuring Agreement.
     Reference is made to the Restructuring Agreement (the “Restructuring Agreement”) dated March 31, 2006 among the Company, Servicios and the Supporting Holders (as defined therein).
     Capitalized terms not otherwise defined in this Agreement shall have the meaning ascribed to them in the Restructuring Agreement.
     WHEREAS, the parties hereto desire to amend certain of the provisions the Restructuring Agreement.
     WHEREAS, pursuant to Section 13 of the Restructuring Agreement, Majority Noteholders and Majority FRN Holders may extend (a)(i) any “Target Date” or (ii) together with the Company, any “Outside Date” (for a period of up to thirty days) and (b) together with the Company, amend, modify or supplement certain other terms or conditions of the Restructuring Agreement.


 

     WHEREAS, pursuant to Sections 5A(b) and 13 of the Restructuring Agreement, Loral, Majority Noteholders, Majority FRN Holders and the Company may amend, modify or supplement certain terms or conditions relating to Section 5A of the Restructuring Agreement.
     NOW, THEREFORE, pursuant to Sections 5A(b) and 13 of the Restructuring Agreement:
     Clause 1. Consent to Stipulation Amendment. The parties hereto consent to the amendment of the Stipulation, Agreement and Order (the “So-Ordered Stipulation”) dated April 27, 2006, Docket No. 24, entered in the 304 Proceeding solely for the purpose of amending the date by which the Company must obtain a final and non-appealable order assuming the Loral Settlement Agreements from “July 24, 2006” to “September 7, 2006.” The Executing FRN Holders authorize Wilmer Cutler Pickering Hale and Dorr LLP to execute on their behalf, and the Executing Noteholders authorize Akin Gump Strauss Hauer & Feld LLP to execute on their behalf, any documents necessary to effectuate such amendment to the So-Ordered Stipulation. The definition of “304 Stipulation” in the Restructuring Agreement shall be amended solely for the purpose of including such amendment to the So-Ordered Stipulation.
     Clause 2. Certain Amendments to the Restructuring Agreement. The Restructuring Agreement shall be amended as follows: (the amendments contained in paragraphs F, G, H and I shall each be effective as of the applicable original Target Date):
          A. The definition of “Chapter 11 Filing Deadline” is hereby amended to replace “July 14, 2006” with “August 14, 2006.”
          B. The definition of “Outside Date”, with respect to the Concurso Plan Order, is hereby amended to replace “July 29, 2006” with “August 24, 2006.”
          C. “Thomas Heather” is hereby added to the list of “Series A, Voting Committee designees (4)” in Schedule B-1 of the Term Sheet.
          D. “or Carmen Ochoa” is hereby inserted after “Michael Nadar S.” as an additional designee for the “Secretary of The Board” in Schedule B-1 of the Term Sheet.
          E. The Company shall be permitted to amend, in its discretion, the form of Instrument of Accession attached as Annex B to the Restructuring Agreement with respect to any transferee of Securities held by any Supporting FRN Holders or any Supporting Noteholders such that the transferee is not obligated to be bound to the terms of the Restructuring Agreement with respect to any Securities it held prior to, or acquired after, (but not in connection with) executing the Accession Agreement; provided that the foregoing shall not apply to any Security that was previously bound by the Restructuring Agreement. Any such amended Instrument of Accession shall suffice for the purposes of Section 5(c) of the Restructuring Agreement.
          F. The Target Date of “June 6, 2006” for completion of Target #7, “Approval from the SCT (i.e. By-laws)” shall become “July 28, 2006.”
          G. The Target Date of “July 24, 2006” for completion of Target #10, “Authorization from COFECO” shall become “on or before the date of entry of the Chapter 11 Plan Order.”

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          H. The Target Date of “May 9, 2006” for completion of Target #15, “Request of Servicios ‘quiebra’ to the Mexican Bankruptcy Court” shall become “on or before the date of entry of the Chapter 11 Plan Order.”
          I. The Target Date of “May 17, 2006” for completion of Target #16, “Entering of a ‘quiebra‘ order of Servicios” shall become “on or before the Effective Date.”
          J. Satmex will use its commercially reasonable best efforts to have the Chapter 11 Plan confirmed by the Bankruptcy Court include binding mutual releases for all claims (other than claims based on fraud, gross negligence, willful misconduct or criminal conduct, or claims or obligations contained in the Loral Settlement Agreements) by and among Satmex, Servicios, the Supporting Equity Holders, Loral Space & Communications Ltd., Loral Space & Communications Holdings Corporation (f/k/a Loral Space & Communications Corporation), Loral Skynet Network Services, Inc., Loral SpaceCom Corporation, Loral Skynet, a division of Loral SpaceCom Corporation, Space Systems/Loral, Inc., Loral Space & Communications Inc., and all holders of claims against Satmex. With respect to Loral’s rights hereunder, this provision is expressly made a part of Section 5A of the Restructuring Agreement.
     Clause 3. Miscellaneous: Except as otherwise explicitly set forth herein, all provisions of the Restructuring Agreement shall remain in full force and effect in accordance with their terms, subject to the modifications, amendments and waivers contained in this Agreement. This Agreement may only be amended in accordance with the provisions of Sections 5(A)(b) and 13 of the Restructuring Agreement, as applicable, and may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall constitute one and the same agreement. This Agreement shall be governed by and construed in accordance with the first paragraph of Section 19 of the Restructuring Agreement. The individual holdings amounts contained on Exhibit A-1 and Exhibit A-2 shall be delivered on a confidential basis to counsel to the Company by counsel to the Ad Hoc FRN Committee (with respect to Exhibit A-1) and by counsel to the Ad Hoc Senior Note Committee (with respect to Exhibit A-2), and counsel to the Company shall not disclose such individual holdings amounts to any person or entity, including without limitation the Company, without the prior written consent of each individual holder whose individual holdings amount is being disclosed; provided, however, that this sentence shall not prevent counsel to the Company from disclosing the aggregate holdings amount of the Executing FRN Holders or the aggregate holdings amount of the Executing Noteholders.
[Remainder of Page Left Intentionally Blank]

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     IN WITNESS WHEREOF, each of the parties to this Agreement has caused this Agreement to be executed and delivered by its duly authorized officers as of the date first written above.
                 
    Satélites Mexicanos, S.A. de C.V.
 
               
 
  By:   /s/ Cynthia Pelini Addario
         
        Name:   Cynthia Pelini Addario
        Title:   EVP Finance & Administration
 
               
        Rodolfo Gaona #86
        Col. Lomas de Sotelo
        México D.F. 11200 México
        Telephone:   (52) (55) 2629-5808
        Fax:   (52) (55) 2629-5895
 
               
 
  By:   /s/ Carmen Ochoa        
         
        Name:   Carmen Ochoa
        Title:   General Counsel
 
               
        Rodolfo Gaona #86
        Col. Lomas de Sotelo
        México D.F. 11200 México
        Telephone:   (52) (55) 5201-0858
        Fax:   (52) (55) 2629-0895

 


 

                   
    AS TO CLAUSE 2.J ONLY  
    Servicios Corporativos Satelitales, S.A. de C.V.  
 
                 
 
  By:   /s/ Sergio Miguel Angel Autrey Maza
           
        Name:   Sergio Miguel Angel Autrey Maza  
        Title:   Attorney-in-fact  
 
                 
        Rodolfo Gaona 86-F  
`       Col. Lomas de Sotelo  
        México D.F. 11200 México  
        Telephone:   (52) (55) 1250-6300  
        Fax:   (52) (55) 1250-6329  

 


 

                 
    AS TO CLAUSE 2.J ONLY
    Principia, S.A. de C.V.
 
               
 
  By:   /s/ Sergio Miguel Angel Autrey Maza
         
        Name:   Sergio Miguel Angel Autrey Maza
        Title:   Attorney-in-fact
 
               
        Rodolfo Gaona 86-F
        Col. Lomas de Sotelo
        México D.F. 11200 México
        Telephone:   (52) (55) 1250-6300
        Fax:   (52) (55) 1250-6329

 


 

             
    AS TO CLAUSES 1, 2.J AND 3 ONLY
Loral Skynet Corporation and Loral SatMex Ltd.,
(collectively, “Loral”)
 
           
 
  By:   /s/ Janet Yeung
 
Name: Janet Yeung
Title: Vice President & Asst. Secretary
   

 


 

             
    SUPPORTING FRN HOLDER(S):
 
           
    * see below
 
           
 
  By:   /s/ MITCHELL R. JULIS
 
Name: MITCHELL R. JULIS
Title: AUTHORISED SIGNATORY
   
 
           
    The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.
         
 
  Contact Person:   Jack Hersch
 
  Address:   Canyon Capital Partners
 
      9665 Wilshire Boulevard
 
      Beverly Hills, CA 90212
 
  Telephone:   310-858-4249
 
  Facsimile:    
 
  E-mail:   jhersch@canyonpartners.com
 
*   The Canyon Value Realization Fund (Cayman), Ltd.
 
    Canyon Value Realization Fund, L.P.
 
    Canyon Value Realization MAC 18, Ltd.
 
    Institutional Benchmarks Series (Master Feeder)
 
         Limited in Respect of The Centaur Series

 


 

             
    SUPPORTING FRN HOLDER(S):
 
           
    MURRAY CAPITAL MANAGEMENT, INC,
as agent on behalf of certain discretionary accounts
 
           
 
  By:   /s/ Scott V. Beechert
 
Name: Scott V. Beechert
Title: General Counsel & Chief Compliance Officer
   
    The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.
         
 
  Contact Person:   Scott V. Beechert
 
  Address:   680 Fifth Avenue
 
      26th Floor
 
      New York, NY 10019
 
  Telephone:   (212) 582-5505
 
  Facsimile:   (212) 582-5525
 
  E-mail:   sbeechert@murraycapital.com

 


 

             
    SUPPORTING FRN HOLDER(S):
 
           
    MORGAN STANLEY & CO INCORPORATED
 
           
 
  By:   /s/ Edgar A. Sabounghi
 
Name: Edgar A. Sabounghi
Title: Managing Director
   
 
           
    The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.
         
 
  Contact Person:   Jonathan Herrick
 
  Address:   1585 Broadway
 
      New York, New York 10036
 
  Telephone:   212-761-4744
 
  Facsimile:   212-507-2917
 
  E-mail:   jonathan.herrick@morganstanley.com

 


 

             
 
           
    SUPPORTING FRN HOLDER(S):    
 
           
    BLACK DIAMOND OFFSHORE, LTD    
    By: Carlson Capital, L.P., its investment advisor    
    By: Asgard Investment Corp, its general partner    
 
           
 
  By:   /s/ Clint D. Carlson    
 
           
 
      Name: Clint D. Carlson    
 
      Title: President    
 
           
    The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.    
 
           
 
  Contact Person:   Chris Huga    
 
  Address:   2100 McKinney ave    
 
      Ste 1600    
 
      Dallas,TX 75201    
 
  Telephone:   214-932-9653    
 
  Facsimile:   214-932-9601    
 
  E-mail:   chaga@carlsoncapital.com    

 


 

             
 
           
    SUPPORTING FRN HOLDER(S):    
 
           
         
    DOUBLE BLACK DIAMOND OFFSHORE LDC    
    By: Carlson Capital, L.P., its investment advisor    
    By: Asgard Investment Corp, its general partner    
 
           
 
  By: /s/ Clint D. Carlson    
 
         
 
    Name: Clint D. Carlson    
 
    Title: President    
 
           
    The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.    
 
           
 
  Contact Person:  Chris Haga    
 
  Address: 2100 McKinney ave.    
 
      Ste 1600    
 
      Dallas,TX 75201    
 
  Telephone: 214-932-9653    
 
  Facsimile: 214-932-9402    
 
  E-mail: chaga@carlsoncapital.com    

 


 

         
 
       
    SUPPORTING FRN HOLDER(S):
 
       
    Cedarview Capital Management, LP
 
       
 
  By: /s/ Burton Weinstein
 
     
 
    Name: Burton Weinstein
 
    Title: Managing Partner
 
       
    The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.
 
       
 
  Contact Person:  Alison McDevitt
 
  Address: 405 Lexington Avenue,
 
      39th Floor
 
      New York, NY 10174
 
  Telephone: (212) 949-1685
 
  Facsimile: (212)949-2364
 
  E-mail: amcdevitt@cedarviewcapital.com

 


 

             
 
           
    SUPPORTING FRN HOLDER(S):    
 
           
    Clinton Group, Inc. as Investment Manager for and on behalf of    
         
    CLINTON MULTISTRATEGY MASTERFUND, LTD    
 
           
 
  By: /s/ Vincent D’Arpino    
 
         
 
    Name: Vincent D’Arpino    
 
    Title: Portfolio Manager    
 
           
    The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.    
 
           
 
  Contact Person:  Vincent D’Arpino    
 
  Address: Clinton Group, Inc.    
 
      9 West 57th Street, 26th Flr.    
 
      New York, NY 10019    
 
  Telephone: 212-377-4189    
 
  Facsimile: 212-825-0084    
 
  E-mail: vdarp@clinton. com    

 


 

      
SUPPORTING FRN HOLDER(S):
CONTINENTAL CASUALTY COMPANY
         
By:
  /s/ Dennis R. Hemme
 
Name: Dennis R. Hemme
   
 
  Title:   Authorized Signatory    
The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-l to this Agreement.
     
Contact Person:
  Michael Coffey
Address:
  333 South Wabash Avenue
 
  Chicago, IL 60604
Telephone:
  312-822-4376
Facsimile:
  312-817-1680
E-mail:
  michael.coffey@cna.com


 


 

      
SUPPORTING FRN HOLDER(S):
Greenwich International, Ltd.
         
By:
  /s/ Richard A. Rolnick
 
Name: Richard A. Rolnick
   
 
  Title: Managing Director    
The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-l to this Agreement.
     
Contact Person:
  Jonathan Gorrilies
Address:
  600 Stearbour Road
 
  Greenwich, Ct. 06830
Telephone:
  203-618-6261
Facsimile:
  203-422-4095
E-mail:
  jonathan.gorrilies@rbsgc.com


 


 

      
SUPPORTING FRN HOLDER(S):
POLYGON GLOBAL OPPORTUNITIES MASTER FUND
         
By
  Polygon Investment Partners, LLP,    
 
  as Investment Adviser    
 
       
By:
  /s/ Alex Jackson
 
Name: Alex Jackson
   
 
  Title: Principal    
The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-l to this Agreement.
     
Contact Person:
  Faraz Zaidi
Address:
  598 Madison Ave
 
  NY, NY 10027
Telephone:
  212-359-7495
Facsimile:
   
E-mail:
  fzaidi@polysoninv.com


 


 

      
SUPPORTING FRN HOLDER(S):
TACONIC CAPITAL ADVISORS, LLC
         
By:
  /s/ Joshua Miller
 
Name: Joshua Miller
   
 
  Title: Principal    
The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-l to this Agreement.
     
Contact Person:
  Paul Kenny
Address:
  Taconic Capital Advisors
 
  450 Park Avenue, 9th Fl
 
  New York, NY 10022
Telephone:
  212-209-3118
Facsimile:
  212-209-3181
E-mail:
  pkenny@taconiccap.com


 


 

      
SUPPORTING FRN HOLDER(S):
RESOLUTION MASTER FUND L.P.
         
By:
  /s/ Sam Perlman
 
Name: Sam Perlman
   
 
  Title: Managing Director    
The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-l to this Agreement.
     
Contact Person:
  Michael Soranno
Address:
  909 Third Ave
 
  30th Floor
 
  New York, NY 10021
Telephone:
  212-350-1950
Facsimile:
  212-350-5653
E-mail:
  msoranno@resolutionfunds.com


 


 

             
    SUPPORTING NOTEHOLDER(S):
 
           
    MURRAY CAPITAL MANAGEMENT, INC,
as agent on behalf of certain discretionary accounts
 
           
    By:   /s/ Scott V. Beechert
         
 
      Name:   Scott V. Beechert
 
      Title:   General Counsel &
 
          Chief Compliance Officer
 
           
    Murray Capital Management, Inc. hereby represents that it is the beneficially owner and/or investment advisor or manager/with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit A-2 to this Agreement.
 
           
         
 
  Contact Person:   Scott V. Beechert
 
  Address:   680 Fifth Avenue
 
      26th Floor
 
      New York, NY 10019
 
  Telephone:   (212) 582-5505
 
  Facsimile:   (212) 582-5525
 
  E-mail:   sbeechert@murraycapital.Com

 


 

             
    ATLANTIC PACIFIC MANAGEMENT
GROUP LLC
 
           
    By:   /s/ Jay A. Johnston
         
 
      Name:   Jay A. Johnston
 
      Title:   Managing Director
 
          Indian Harbor Capital Management
 
          Advisor of Account
 
           
    Atlantic Pacific Management Group LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
         
 
  Contact Person:   Jason Cook
 
  Address:   c/o Gramercy Advisors LLC
 
      20 Dayton Avenue
 
      Greenwich, CT 06830
 
  Telephone:   (203) 552-1920
 
  Facsimile:   (203) 552-1906
 
  E-mail:   jcook@gramercy.com

 


 

             
    LPETE LLC
 
           
    By:   /s/ Jay A. Johnston
         
 
      Name:   Jay A. Johnston
 
      Title:   President
 
          LPETE LLC
 
           
    LPETE LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
         
 
  Contact Person:   Jason Cook
 
  Address:   c/o Gramercy Advisors LLC
 
      20 Dayton Avenue
 
      Greenwich, CT 06830
 
  Telephone:   (203) 552-1920
 
  Facsimile:   (203) 552-1906
 
  E-mail:   jcook@gramercy.com

 


 

             
    SSGDP LLC
 
           
    By: /s/ Jay A. Johnston
         
 
      Name: Jay A. Johnston
 
      Title: President
SSGDP LLC
 
           
    SSGDP LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
 
           
    Contact Person: Jason Cook
    Address:   c/o Gramercy Advisors LLC
 
          20 Dayton Avenue
 
          Greenwich, CT 06830
    Telephone:   (203) 552-1920
    Facsimile:   (203) 552-1906
    E-mail:   jcook@gramercy.com

 


 

             
    DRALLI LLC
 
           
    By: /s/ Jay A. Johnston
         
 
      Name: Jay A. Johnston
 
      Title: Managing Director
 
        Gramercy Investment Management
 
        LLC, Sole Manager of the Company
 
           
    DRALLI LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
 
           
    Contact Person:   Jason Cook
    Address:   c/o Gramercy Advisors LLC
 
          20 Dayton Avenue
Greenwich, CT 06830
    Telephone:   (203) 552-1920
    Facsimile:   (203) 552-1906
    E-mail:   jcook@gramercy.com

 


 

             
    GRAMERCY EMERGING MARKETS FUND
 
           
    By:   /s/ Jay A. Johnston
         
 
      Name: Jay A. Johnston
 
      Title: Director
 
        Gramercy Emerging Markets Fund
 
           
    Gramercy Emerging Markets Fund hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
 
           
    Contact Person:   Jason Cook
    Address:   c/o Gramercy Advisors LLC
 
          20 Dayton Avenue
Greenwich, CT 06830
    Telephone:   (203) 552-1920
    Facsimile:   (203) 552-1906
    E-mail:   jcook@gramercy.com

 


 

             
    HFR EM SELECT MASTER TRUST
 
           
    By:   /s/ Jay A. Johnston
         
 
      Name: Jay A. Johnston
 
      Title: Co-Managing Partner, Gramercy
 
     
Advisors by Power of Attorney
 
           
    HFR EM Select Master Trust hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
 
           
    Contact Person:   Jason Cook
    Address:   c/o Gramercy Advisors LLC
 
          20 Dayton Avenue
Greenwich, CT 06830
    Telephone:   (203) 552-1920
    Facsimile:   (203) 552-1906
    E-mail:   jcook@gramercy.com

 


 

             
    KAPALI LLC
 
           
    By: /s/ Jay A. Johnston
         
 
      Name:   Jay A. Johnston
 
      Title:   President
 
          KAPALI LLC
 
           
    KAPALI LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
 
           
    Contact Person:   Jason Cook
    Address:   c/o Gramercy Advisors LLC
 
          20 Dayton Avenue
 
          Greenwich, CT 06830
    Telephone:   (203) 552-1920
    Facsimile:   (203) 552-1906
    E-mail:   jcook@gramercy.com

 


 

             
    LMC RECOVERY FUND LLC
 
           
     By: /s/ Jay A. Johnston
         
 
      Name:   Jay A. Johnston
 
      Title:   Co-Managing Partner
 
          Gramercy Advisors LLC
 
          Investment Manager of Account
 
           
    LMC Recovery Fund LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
 
           
    Contact Person:   Jason Cook
    Address:   c/o Gramercy Advisors LLC
 
          20 Dayton Avenue
 
          Greenwich, CT 06830
    Telephone:   (203) 552-1920
    Facsimile:   (203) 552-1906
    E-mail:   jcook@gramercy.com

 


 

      
PALLMALL LLC
             
By:   /s/ Jay A. Johnston    
         
 
  Name:   Jay A. Johnston    
 
  Title:   President    
 
      PALLMALL LLC    
PALLMALL LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
     
Contact Person:
  Jason Cook
Address:
  c/o Gramercy Advisors LLC
 
  20 Dayton Avenue
 
  Greenwich, CT 06830
Telephone:
  (203) 552-1920
Facsimile:
  (203) 552-1906
E-mail:
  jcook@gramercy.com


 


 

      
UVIADO LLC
             
By:   /s/ Jay A. Johnston    
         
 
  Name:   Jay A. Johnston    
 
  Title:   President    
 
      UVIADO LLC    
UVIADO LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
     
Contact Person:
  Jason Cook
Address:
  c/o Gramercy Advisors LLC
 
  20 Dayton Avenue
 
  Greenwich, CT 06830
Telephone:
  (203) 552-1920
Facsimile:
  (203) 552-1906
E-mail:
  jcook@gramercy.com


 


 

      
GRNPARK LLC
             
By:   /s/ Jay A. Johnston    
         
 
  Name:   Jay A. Johnston    
 
  Title:   President    
 
      GRNPARK LLC    
GRNPARK LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
     
Contact Person:
  Jason Cook
Address:
  c/o Gramercy Advisors LLC
 
  20 Dayton Avenue
 
  Greenwich, CT 06830
Telephone:
  (203) 552-1920
Facsimile:
  (203) 552-1906
E-mail:
  jcook@gramercy.com


 


 

      
KADESI LLC
             
By:   /s/ Jay A. Johnston    
         
 
  Name:   Jay A. Johnston    
 
  Title:   President    
 
      KADESI LLC    
KADESI LLC LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
     
Contact Person:
  Jason Cook
Address:
  c/o Gramercy Advisors LLC
 
  20 Dayton Avenue
 
  Greenwich, CT 06830
Telephone:
  (203) 552-1920
Facsimile:
  (203) 552-1906
E-mail:
  jcook@gramercy.com


 


 

      
HARBINGER CAPITAL PARTNERS
MASTER FUND I, LTD.
(f/k/a HARBERT DISTRESSED INVESTMENT
MASTER FUND, LTD.)
     
By:
  Harbinger Capital Partners Offshore
 
  Manager, LLC, as investment manager
         
By:
  /s/ Philip A. Falcone
 
Name: Philip A. Falcone
   
 
  Title: Senior Managing Director    
Harbinger Capital Partners Master Fund I, Ltd. (f/k/a Harbert Distressed Investment Master Fund, Ltd.) hereby represents that it is the beneficially owner and/or investment advisor or manager (with-the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.
     
Contact Person:
  Philip A. Falcone
Address:
  Harbinger Capital Partners
 
  555 Madison Avenue, 16th Floor
 
  New York, NY 10022
Telephone:
  (212) 521-6988
Facsimile:
  (212) 521-6972
E-mail:
  pfalcone@harbert.net
W/ copy to:
One Riverchase Parkway South
Birmingham, AL 35244
Attn: Legal Department


 


 

             
    [Form of Signature Block for Noteholder]  
 
           
    MORGAN STANLEY & CO. INCORPORATED
 
           
 
  By:   /s/ Edgar A.Sabounghi    
 
           
 
      Name: Edgar A.Sabounghi    
 
      Title: Managing Director    
 
           
    Morgan Stanley & Co. Incorporated hereby represents that it is the beneficially owner and/or investment advisor or manager/with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit A-2 to this Agreement.
         
 
  Contact Person:   Jonathan Herrick
 
  Address:   1585 Broadway
 
      New York, New York 10036
 
  Telephone:   212-761-4744
 
  Facsimile:   212-507-2917
 
  E-mail:   jonathan.herrick@morganstanley.com