Document:

exv10w85

 

EXHIBIT
10.85

EXECUTION
COPY

FIRST AMENDMENT TO THE

SHARE AND ASSET SALE AGREEMENT

between

NORTEL

and

ALCATEL LUCENT

1

 

FIRST AMENDMENT TO THE

SHARE AND ASSET SALE AGREEMENT

     THIS FIRST AMENDMENT TO THE SHARE AND ASSET SALE AGREEMENT (this “Amendment”) dated December
29, 2006, is entered by and between Alcatel Lucent, a société anonyme organized under the laws of
France, registered with the Paris Registry of Companies under number B 542 019 096, with offices 54
rue la Boétie, 75008 Paris (the “Purchaser”), and Nortel Networks Limited, a corporation organized
under the laws of Canada, with offices at 195 The West Mall, T05-04-005, Toronto, Ontario M9C 5K1,
Canada (the “Seller”).

     WHEREAS, Purchaser and Seller have entered into a Share and Asset Sale Agreement dated as of
December 4, 2006, (the “Share and Asset Sale Agreement”).

     WHEREAS, Purchaser and Seller desire to enter into this Amendment to amend certain provisions
of the Share and Asset Sale Agreement in accordance with the terms set forth herein.

     NOW, THEREFORE, in consideration of the premises and mutual covenants and conditions herein
contained, Purchaser and Seller hereby agree as follows:

ARTICLE 1

DEFINITIONS

Unless otherwise defined herein, capitalized terms used herein shall have the respective meanings
ascribed to them in the Share and Asset Sale Agreement.

ARTICLE 2

FRENCH ACQUISITION STRUCTURE

2.1 Contribution Agreement

The parties agree that Contribution Agreement is the Convention d’Apport en Nature entered into
between NN SA and Diselec on December 22, 2006. The Contribution Agreement is subject to the
provisions of the Share and Asset Sale Agreement as amended hereby; in case of inconsistency
between the terms of the Contribution Agreement and the Share and Asset Sale Agreement, the
provisions of the Share and Asset Sale Agreement shall prevail.

2.2 Certain Employee Liabilities

The parties agree that the price for the sale of the Shares shall amount to USD 63,690,336. Such
price shall be reduced by the amount of the liabilities set forth in Exhibit 4 of the Contribution
Agreement relating to the employees transferred to Diselec, as such amount shall be determined and
paid pursuant to the provisions of clause 4 of Part 2 of Schedule 7 to the Share and Asset Sale
Agreement. All other employee liabilities relating to said employees accrued up to the Effective
Time shall be governed by paragraph 1 of Part 2 of Schedule 7 to the Share and Asset Sale
Agreement.

2.3 Diselec Employment Liabilities Costs

Seller and Purchaser agree that if NN SA books and deducts for tax purposes in its December 31,
2006 accounts a reserve corresponding to the employment related liabilities referred to in the
second sentence of Section 2.2 above and if the deduction of such reserve is denied by the tax
authorities, Purchaser shall pay to NN SA an amount equal to 80% of any interest and penalties paid
to the tax authorities by NN SA as a result of such denial and any corresponding reasonable
attorney’s fees.

2

 

2.4 Shares Adjustment Price

Article 2.1 of the Contribution Agreement provides that in the event the net book value of the
Contribution as determined as of the Closing Date falls short of 921,076 Euros, the Seller shall
cause NN SA to pay to Diselec a cash complementary contribution in the same amount (the “Cash
Complement”). In the event such Cash Complement is paid, the price of the Shares shall be increased
in the same amount and such amount to be immediately paid by Alcatel CIT to NN SA.

Accordingly, Seller and Purchaser agree to modify Article 2.2.3 of the Sale and Asset Share
Purchase Agreement to provide that the Purchase Price shall be, as the case may be, increased by
the amount of the Cash Complement.

2.5 French Acquisition Structure costs

Purchaser agrees to pay to the Seller on the Closing Date an amount of USD 125,000 as a
reimbursement of certain costs associated with the French Acquisition Structure, which amount comes
in full settlement as to any costs that the Designated Sellers may have incurred in relation
therewith and which the Designated Sellers may wish to claim from the Designated Purchasers.

ARTICLE 3

ADMINISTRATIVE SERVICES

Seller and Purchaser agree to modify Article 5.11(3) of the Sale and Asset Sale Agreement in the
following manner:

     “(3) mainly relating to the Business or, if for equipment used to provide
Administrative Services either (a) exclusively used by the Business or (b) mainly used by
the Business if (i) determined by the Steering Committee acting reasonably and in good faith
by majority vote provided such asset is required for the operation of the Business by the
Purchaser and (ii) is not or will not be used by a Designated Seller to provide any of the
services under the Transition Services Agreement.”

ARTICLE 4

REIMBURSEMENTS

Seller shall be entitled to invoice Purchaser post Closing Date and Purchaser shall pay Seller for
a) any services rendered by Seller to Purchaser in connection with work performed by Seller under
the IUB Cooperation Agreement to the extent the Seller would have a contractual right to such
payment under the said agreement, and b) work performed by Seller at the request of Purchaser under
the Sales Support Agreement and the Customer Reseller Agreement (and more specifically in
connection with sales support and support for the trial for SFR and Telecom Italia), each of which
were signed prior to the execution of the Share and Asset Sale Agreement, to the extent the Seller
would have a contractual right to such payment under the said agreements. Purchaser and Seller
shall discuss in good faith justified compensation for any other services performed by Seller at
the written request of Purchaser prior to the Closing Date, provided it can be demonstrated that
these services were not in furtherance of the Share and Asset Sale Agreement and its Ancillary
Agreements.

3

 

ARTICLE 5

PURCHASE PRICE ALLOCATION

Seller and Purchaser agree that the allocation of the Purchase Price (net of the adjustments
provided under Section 2.2.3 of the Sale and Asset Sale Agreement) is set forth in Exhibit 5
hereto.

The Seller and the Purchaser shall cause Designated Sellers and Designated Purchasers to enter, as
necessary, into amendments to the Local Asset Sale Agreements to reflect the above mentioned
allocation of the Purchase Price.

ARTICLE 6

CUSTOMER CREDIT NOTES

Notwithstanding the provisions of Section 2.1.4 of the Agreement, to the extent any Seller
liability under a credit note is transferred by any Designated Seller to a Designated Purchaser,
either through a Local Asset Agreement, the assignment of a Seller Contract or in any other manner,
the Seller shall, or shall cause the relevant Designated Seller, to indemnify the relevant
Designated Purchaser within 30 days of the Designated Purchaser having applied such credit note
against any amount invoiced by such Designated Purchaser to the relevant customer to the extent it
is contractually required to apply such credit note.

As of Closing, the customer credit notes estimated amount is the following:

	 	•	 	Partner: 441,000.00$
	 
	 	•	 	Orange: 4,500,000.00$
	 
	 	•	 	Vodafone: 3,500,000.00$

To the Knowledge of Seller, there are no other credit notes that could be transferred to the
Designated Purchasers.

To the extent such outstanding credit notes are linked to pre-Closing purchase orders and that all
or part of these purchase orders are to be invoiced by and paid to a Designated Purchaser
post-Closing, notwithstanding that these obligations are pre-Closing liabilities (since linked to
past purchase orders) and are therefore Excluded Liabilities according to the Share and Asset Sale
Agreement, the relevant Designated Purchaser will assume a pro-rata share of such credit notes
based on the pro-rata of purchase orders such Designated Purchaser will have invoiced post-Closing.

ARTICLE 7

REVISED EXHIBITS

7.1 Exhibit 2.1.1.(3)

Seller and Purchaser agree to replace Exhibit 2.1.1.(3) of the Share and Asset Sale Agreement by
Exhibit 2.1.1 (3) hereto.

7.2 Exhibit 5.9(A)

Seller and Purchaser agree to replace Exhibit 5.9(A) of the Share and Asset Sale Agreement by
Exhibit 5.9 (A) hereto.

7.3 Exhibit O

Seller and Purchaser agree to replace Exhibit O of the Share and Asset Sale Agreements by Exhibit O

4

 

hereto.

7.4 Schedule 1.5

Seller and Purchaser agree to modify Schedule 1.5 of the Share and Asset Sale Agreements, to
include one additional Known Product Defect described in Schedule 1.5 hereto.

7.5 Schedule 7

Seller and Purchaser agree to modify exhibit E1, E2 and E 4 of Schedule 7 of the Share and Asset
Sale Agreements by exhibit E1, E2 and E 4 of Schedule 7 hereto.

7.6 JV License Agreements

Attached hereto under Exhibit 7.6 are copies of two licence amendments between (a) Seller and GDNT
and (b) Seller and LG-Nortel Co. Ltd.

ARTICLE 8

CLOSING

To the extent that any conditions to Closing set forth Article 10 of the Share and Asset Sale
agreement have not been satisfied, Seller and Purchaser hereby acknowledge that each of these
Closing conditions has been waived.

To the extent such conditions have not been satisfied on Closing Date, each party shall make
reasonable efforts post Closing to complete them.

In particular, (a) the parties shall agree on the terms of the Subcontract Agreement and (b) the
Seller shall, or shall cause the Designated Sellers:

     (i) to make all reasonable efforts to perform within a reasonable time after Closing the
unbundling of the following Seller Contracts (Section 10.5 of the Share and Asset Sale Agreement)
listed in Exhibit 2.1.1(3) hereto;

     (ii) with regards to the Third Party Software License Agreements (Section 10.8 of the Share
and Asset Sale Agreement), assist the Designated Purchasers in connection with providing them
information with respect to licenses of the Designated Sellers and the entities from which the
Designated Purchasers are attempting to obtain a similar license.

Unless waived by a customer, Alcatel shall cause to be issued performance bonds, where required
under a Seller Contract.

ARTICLE 9

CLOSING PAYMENT

Seller and Purchaser agree that payments of the Purchase Price shall be on Closing Date:

	 	a)	 	Amount allocated to the Assets and Assumed Liabilities: USD 292,747,647 (net of
a Pre-Closing Owned Equipment Shortfall of USD 1,252,353 as per Section 2.2.3(v));
	 
	 	b)	 	Plus balance of payment to be made as per Section 2.2.1: USD 26,000,000;
	 
	 	c)	 	Less Purchase Price reduction as per Section 2.2.3(i), (ii), (iii) and (vi):
USD 12,496,318;
	 
	 	d)	 	Net amount to be paid at Closing (a) +(b) — (c): USD 306,251,329 out of which
302,065,583 to be paid directly by the Purchaser to the Seller and the equivalent of
USD 4,185,746 to be paid in RMB to the Designated Sellers located in China.

5

 

ARTICLE 10

ENTIRE AGREEMENT

The following sentence is added at the end of Section 11.15 of the Share and Asset Sale Agreement,
which Section remains otherwise unchanged:

“In the event of any irreconcilable conflict between this Agreement and any of the Local Asset Sale
Agreements and the License Agreement, the provisions of this Agreement shall prevail, regardless
that certain Local Asset Sale Agreement may be subject to different governing laws.”

ARTICLE 11

MISCELLANEOUS

11.1 Other provisions

The provisions of the Share and Asset Sale Agreement that are not amended hereby remain in full
force and effect.

11.2 Governing Law; Submission to Jurisdiction

This Amendment shall be construed in accordance with and governed by the Laws of the French
Republic, without giving effect to its conflict of laws principles.

The Parties hereto irrevocably agree that all disputes, claims or matters arising out of or in any
connection with this Amendment shall be subject to the Rules of Arbitration of the International
Chamber of Commerce; the arbitration shall take place in London (England) and shall be held in the
English language.

6

 

IN WITNESS WHEREOF, the Parties have duly executed this Amendment as of the date first written
above.

	 	 	 	 	 	 	 	 	 	 	 
	NORTEL NETWORKS LIMITED	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	/s/ A.A. Navaratnam	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:	 	A.A. Navaratnam	 	 	 	 	 	 
	 

	 	Title:	 	Attorney-in-Fact	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	ALCATEL LUCENT	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	/s/ L.A. Sadiq	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:	 	L.A. Sadiq	 	 	 	 	 	 
	 

	 	Title:	 	Attorney-in-Fact	 	 	 	 	 	 

7

 

Exhibit 2.1.1.(3)

Bundled Contracts which are to be “Unbundled” and Assigned/Novated to Purchaser

on Closing Date

	 	 	 	 	 
	 	 	 	 	Purchaser Entity to be
	Contract Parties	 	Contract Type	 	Assigned/Novated to
	France Telecom S.A, located
at 6, Place d’Alleray,
75505 Paris Cedex 15 and
Nortel Networks S.A.
located at Parc d’Activités
de Magny-Châteaufort, 78117
Châteaufort.

	 	Corporate sourcing contract

n° 06 CG 643 for the
purchase of UTRAN products
and software releases and
related services

AND 

Maintenance Corporate
Sourcing Contrat for 3G
Ran Products N° 06 CG 645
	 	Alcatel CIT SA, 7/9 Avenue

Morane Saulnier, 78141

Vélizy, France
	 
	 	 	 	 
	Mobistar SA/NV, Rue Colonel
Bourg 149, 1140 Brussels,
Belgium and Nortel Networks
NV, , a Ikaroslaan 14,
B-1930 Zaventem, Belgium

	 	Local Implementation
Contract N°9262 for the
Supply of 3G Radio Access
Products and Software
Releases and associated
Services on Belgium
territories.

AND 

Local Implementation
Contract for 3G RAN
Maintenance N°9264
	 	Alcatel Bell NV,
Copernicuslaan 50, B-2018
Antwerpen, Belgium.
	 
	 	 	 	 
	ORANGE FRANCE, 1 avenue
Nelson Mandela 94745
Arcueil Cédex,
And Nortel Networks SA,
Parc d’Activités de Magny
Châteaufort, 78117
Châteaufort

	 	Contrat d’application
N°416 618 au Corporate
Sourcing Contract
N°06CG643 pour la
fourniture de produits, de
paliers logiciels et
services associés relatifs
aux réseaux UMTS 

AND 

Contrat d’Application N°
416 619 au Corporate
Sourcing Contract N°
06CG645 pour la fourniture
de prestation de
maintenance relatifs au
réseaux UMTS
	 	Alcatel CIT SA, 7/9 Avenue

Morane Saulnier, 78141

Vélizy, France

8

 

	 	 	 	 	 
	 	 	 	 	Purchaser Entity to be
	Contract Parties	 	Contract Type	 	Assigned/Novated to
	PTK Centertel Sp. z o.o.
ul. Skierniewicka 10a,
01-230 Warszawa, Poland,
and Nortel Networks Polska
Sp. z o. o., ul.
Nowogrodzka 47a, 00-695
Warszawa, Poland

	 	Implementation Contract
for corporate sourcing
contract n° 06CG643 for
the purchase of UTRAN (3G)
products and software
releases and related
services 

AND 

Implementation Contract
for corporate sourcing
contract N° 06CG645
maintenance for 3G RAN
products	 	 
	 
	 	 	 	 
	Orange Slovensko, a.s.,
Prievozská 6/A, 821 09
Bratislava, Slovak
Republic, and Nortel
Networks SA, Parc
d  ́Activités de
Magny-Chateaufort, 78117
Chateaufort, France and
Nortel Networks Slovensko,
s.r.o., Obchodná 2, 811 06
Bratislava, Slovak Republic

	 	Implementation Contract
for corporate sourcing
contract n° 06CG643 for
the purchase of UTRAN (3G)
products and software
releases and related
services 

AND 

Implementation Contract
for corporate sourcing
contract N° 06CG645
maintenance for 3G RAN
products	 	 
	 
	 	 	 	 
	Vodafone Ltd Vodafone
House, The Connection,
Newbury, Berkshire RG14 2FN
and Nortel Networks UK Ltd,
Maidenhead Office Park,
Westacott Way, Maidenhead,
Berkshire SL6 3QH.

	 	“UMTS Access only”
Contract of Adherence
covering UMTS Access
Deliverables and related
Services for UK. (*)
	 	Alcatel Telecom Limited

Christchurch Way, Greenwich

London SE10 0AG
	 
	 	 	 	 
	Vodafone Omnitel N.V.
whose registered address is
in Amsterdam and
administrative and
operational office Ivrea,
via Jervis 13 — 10015
Torino, Italy and Nortel
Networks S.p.A , Via
Montefeltro 6, 20156 Milan,
Italy.

	 	“UMTS Access only”
Contract of Adherence
covering UMTS Access
Deliverables and related
Services for Italy. (*)	 	 
	 
	 	 	 	 
	Vodafone España S.A.,
Parque Empresarial La
Moreleja, Avda. De Europa,
1, 28108 Alcobendas,
Madrid, Spain and Nortel
Networks Hispania S.p.A

	 	“UMTS Access only”
Contract of Adherence
covering UMTS Access
Deliverables and related
Services for Spain. (*)
	 	Alcatel España S.A.
Ramírez de Prado 5
28045 Madrid

9

 

	 	 	 	 	 
	 	 	 	 	Purchaser Entity to be
	Contract Parties	 	Contract Type	 	Assigned/Novated to
	Camino del Cerro de Los
Gamos, 1, Edificio 6,
Pozuelo de Alarcon, Madrid
28224, Spain.
	 	 	 	 
	 
	 	 	 	 
	Vodafone Comunicações
Pessoais, S.A. ,
Avenida D. João II
-Lote 1.04.01, 8o Piso,
Parque das Nações, 1998-017
Lisboa, Portugal and
Northern Telecom
(Portugal) S.p.A whose
registered address is at
Edificio Tivoli-Forum,
Avenida da Liberdade, 180
A-3, 1250-146 Lisboa,
Portugal.

	 	“UMTS Access only”
Contract of Adherence
covering UMTS Access
Deliverables and related
Services for Portugal. (*)
	 	Alcatel Portugal SA
S. Gabriel
2750 Cascais
	 
	 	 	 	 
	Austria Telecommunication
GmbH (now Kapsch CarrierCom
AG) and Nortel Networks
S.A. (for supply of
Hardware and Software) and
Nortel Networks Austria
GmbH (for installation and
commissioning services).

	 	UMTS Access supply and
related installation
services to end customer
Mobilkom.	 	 
	 
	 	 	 	 
	Kapsch CarrierCom AG
and
Nortel Networks Austria GmbH

	 	UMTS Access support
services to end customer
Mobilkom.	 	 
	 
	 	 	 	 
	Andrew Corporation, 3
Westbrook Corporate Center,
Suite 900, Westchester,
Illinois 60154 and Nortel
Networks Limited, 8200
Dixie Road, Suite 100,
Brampton, Ontario, Canada

	 	OEM MicroNode B	 	 
	 
	 	 	 	 
	Edge Wireless LLC, 650 SW
Columbia, Suite 7200, Bend,
Oregon, 97702 and Nortel
Networks Inc, 2221 Lakeside
Boulevard, Richardson,
Texas 75082.

	 	Trial	 	 
	 
	 	 	 	 
	BEN HUR L. TRADE & SERVICES
LTD. 

19 Ha’knesset Hagdola
Street, Tel Aviv, Israel
62917 and Nortel Networks
Israel (Sales and
Marketing) Limited.

	 	Representative Agreement
for UMTS business with
Partner.
	 	Alcatel Telecom Israel 

94 Em Hamoshavot Rd. 

Park Azorim, Peth-Tikva
Israel

 

			
	(*) These documents are the softcopies received by the e-mails mentioned below:

10

 

Robert Shales” <rshales@nortel.com>

2006-12-19 20:22 19/12 VF Spain Unbundled UMTS Access Contract of Adherence — work in
progress

“Robert Shales” <rshales@nortel.com>

2006-12-19 20:29 19/12 VF UMTS Access Global Price Book

“Robert Shales” <rshales@nortel.com>

2006-12-19 19:15 19/12 VF Portugal Unbundled UMTS Access Contract of Adherence — work in
progress.

“Pascale-LAW Frossard” <pascalef@nortel.com>

2006-12-19 19:37 19/12 VF UK — Unbundled UMTS Access Contract of Adherence — Work in
progress.

“Pascale-LAW Frossard” <pascalef@nortel.com>

2006-12-20 14:56 20/12 — Vodafone Italy  — Unbundled CoA and other related documents — Work
in progress

and the local Price Books:

“Robert Shales” <rshales@nortel.com>

22/12/2006 10:26 Confidential — Vodafone — UMTS Access Only CoAs — Local Price Books

“Robert Shales” <rshales@nortel.com>

22/12/2006 13:11 RE: Confidential — Vodafone — UMTS Access Only CoAs — Local Price Books

“Pascale-LAW Frossard” <pascalef@nortel.com>

21/12/2006 22:49 Confidential — Vodafone — UMTS Access Only CoAs — Local Price Books

11

 

Seller Contracts to be Assigned/Novated to Purchaser on Closing Date

	 	 	 	 	 
	 	 	 	 	Purchaser Entity to
	 	 	 	 	be Assigned/Novated
	Contract Parties	 	Contract Type	 	to
	Bouygues Telecom,
Arcs de Seine —
20, quai du Point
du Jour — 92100
Boulogne-Billancourt, and Nortel
Networks SA Parc
d’Activités de
Magny-Châteaufort,
78117 Châteaufort.

	 	Conditions Générales de
fourniture et de
maintenance de reseau
telecom 3G et de
prestations associees

And

Conditions Particulières
	 	Alcatel CIT SA, 7/9

Avenue 
Morane
Saulnier, 78141

Vélizy, France
	 
	 	 	 	 
	QUALCOMM
Incorporated, 5775
Morehouse Drive,
San Diego, CA 92121
and Nortel Networks
Inc

	 	System integration and
interoperability testing
between the QUALCOMM
equipment and the Nortel
equipment	 	 
	 
	 	 	 	 
	Beijng Sun Dong An
Co., Ltd and Nortel
Networks (China)
Limited

	 	Beijing Property Lease
	 	Alcatel Shanghai
Bell Company
Limited, 388 Ning
Qiao Road Jin Qiao
Export Processing
Zone Pudong New
Area, Shanghai
	 
	 	 	 	 
	China Mobile
Communications
Group Corporation
and Nortel Networks
(China) Limited

	 	Construction of China
Mobile Lab for 3G Trial
Systems (Phase I) Project
	 	Alcatel Shanghai
Bell Company
Limited, 388 Ning
Qiao Road Jin Qiao
Export Processing
Zone Pudong New
Area, Shanghai
	 
	 	 	 	 
	China Mobile
Communications
Company and Nortel
Networks (China)
Limited.

	 	China Mobile 3G Lab R4

Equipment Trial Project
	 	Alcatel Shanghai
Bell Company
Limited, 388 Ning
Qiao Road Jin Qiao
Export Processing
Zone Pudong New
Area, Shanghai
	 
	 	 	 	 
	Guangdong Telecom
Co. Ltd Science and
Technology Research
Institute and
Nortel Networks
(China) Limited

	 	IOT Trial Agreement
	 	Alcatel Shanghai
Bell Company
Limited, 388 Ning
Qiao Road Jin Qiao
Export Processing
Zone Pudong New
Area, Shanghai
	 
	 	 	 	 
	Hebei Mobile
Communications Co.,
Ltd and Nortel
Networks (China)
Limited

	 	Trial
	 	Alcatel Shanghai
Bell Company
Limited, 388 Ning
Qiao Road Jin Qiao
Export Processing
Zone Pudong New
Area, Shanghai

12

 

	 	 	 	 	 
	 	 	 	 	Purchaser Entity to
	 	 	 	 	be Assigned/Novated
	Contract Parties	 	Contract Type	 	to
	Hunan Mobile
Communications Co.,
Ltd and Nortel
Networks (China)
Limited

	 	Equipment Trial Agreement,
	 	Alcatel Shanghai
Bell Company
Limited, 388 Ning
Qiao Road Jin Qiao
Export Processing
Zone Pudong New
Area, Shanghai
	 
	 	 	 	 
	China Netcom Group
Company Sichuan
Branch and Nortel
Networks (China)
Limited

	 	Equipment Trial Agreement
	 	Alcatel Shanghai
Bell Company
Limited, 388 Ning
Qiao Road Jin Qiao
Export Processing
Zone Pudong New
Area, Shanghai
	 
	 	 	 	 
	Nokia Corporation,
Keilalahdentie 4,
02150 Espoo,
Finland and Nortel
Networks UK Ltd,
Maidenhead Office
Park, Westacott
Way, Maidenhead,
Berkshire SLG 3QH.

	 	Return of Node Bs and RNCs
from O2 Networks
	 	Alcatel CIT, Avenue
Charles de Gaulle,
Ormes, 45915 ORLEANS
CEDEX 9
	 
	 	 	 	 
	LeasePlan Fleet
Management (Polska)
Sp.z o.o., ul.
Bokserska 66,
02-0690 Warsaw
Poland and Nortel
Networks Polska Sp.
z o., ul
Nowogrodzka 47a,
00-695 Warsaw.

	 	Vehicle lease for Poland	 	 
	 
	 	 	 	 
	LeasePlan UK Ltd, 

165 Bath Road, 

Slough, Berkshire,
	 	 	 	 
	SL1 4AA and Nortel
Networks (UK) Ltd.

	 	Vehicle lease for UK	 	 
	 
	 	 	 	 
	TBA

	 	Vehicle lease for France	 	 
	 
	 	 	 	 
	TBA

	 	Vehicle lease for Italy	 	 
	 
	 	 	 	 
	TBA

	 	Vehicle lease for Canada	 	 
	 
	 	 	 	 
	TBA

	 	Vehicle lease for China	 	 
	 
	 	 	 	 
	TBA

	 	Vehicle leases for Slovakia	 	 
	 
	 	 	 	 
	Lease Plan Portugal
- Comercio e
Aluguer de
Autoóveis e
Equipamentos
Unipessoal, Lda.
Quinta da Fonte -
Edifcio Gil Eanes,
Piso 3 2770-192
Paço de Arcos.

	 	Vehicle lease for Portugal	 	 

13

 

	 	 	 	 	 
	 	 	 	 	Purchaser Entity to
	 	 	 	 	be Assigned/Novated
	Contract Parties	 	Contract Type	 	to
	Pessoa Colectiva no
502167610
Matriculada sob o
no 1883 na
Convservatório do
Reg. Com. De
Cascasis
	 	 	 	 
	 
	 	 	 	 
	LEASE PLAN
SERVICIOS, S.A.,

“Sociedad
Unipersonal” Calle
Francisca Delgado,
núm. 9, 28109 -

ALCOBENDAS
(MADRID), 

C.I.F. A-78007473

	 	Vehicle lease for Spain	 	 
	 
	 	 	 	 
	Nortel Networks SA
and Alcatel,
7-9avenue Morane
Saulnier, 78141
Vélizy, France

	 	“Pre Deal” UMTS Access
Single Customer Reseller
Agreement for Trial
Purposes.
	 	Société Française de
Radiocommunication
(SFR).
	 
	 	 	 	 
	Nortel Networks SA
and Alcatel,
7-9avenue Morane
Saulnier, 78141
Vélizy, France

	 	“Pre Deal” UMTS Access
Single Customer Reseller
Agreement for Trial
Purposes.
	 	Telecom Italia Mobile
	 
	 	 	 	 
	Nortel Networks SA
and Alcatel,
7-9avenue Morane
Saulnier, 78141
Vélizy, France

	 	“Pre Deal” UMTS Access
Single Customer Reseller
Agreement for Field Test
Purposes.
	 	TMN Portugal
	 
	 	 	 	 
	Nortel Networks SA
and Alcatel CIT, 12
rue de la Baume,
75008 Paris, France

	 	“Pre Deal” SALES SUPPORT
AGREEMENT for pre-sales
support services.
	 	SFR

14

 

Exhibit 5.9 (A)

Bundled/Unbundled Contracts where UMTS Access parts are to be Sub-Contracted to

Purchaser on Closing Date

	 	 	 	 	 
	 	 	 	 	Purchaser Entity to be
	Contract Parties	 	Contract Type	 	Sub-Contracted to
	 
	 	 	 	 
	Mobisle
Communications Ltd.,
at Spencer Hill,
Marsa, Malta c/o
Maltacom plc, and
Nortel Networks SA
Parc d’Activités de
Magny-Châteaufort,
les Jeunes Bois —
Châteaufort, 78928
cedex 9, France

	 	UMTS Supply Contract
and Support and
Service Agreement
	 	Alcatel CIT SA, 7/9 Avenue 
Morane Saulnier,

78141 Vélizy, France
	 
	 	 	 	 
	O2 (UK) Limited; O2
(Germany) GMBH & CO.
OHG; O2
Communications
(Ireland) Limited;
Nortel Networks UK
Limited; Nortel
Networks Germany GMBH
& CO KG and Nortel
Networks (Ireland)
Limited.

	 	Supply of Mobile
telecommunications
network equipment and
related services in
the UK, Germany and
the Republic of
Ireland	 	 
	 
	 	 	 	 
	O2 (UK) Limited and
Nortel Networks UK
Limited

	 	Support of O2 UK UMTS
Access Network	 	 
	 
	 	 	 	 
	O2 (Germany) GMBH &
CO. OHG and Nortel
Networks Germany GMBH
& CO KG

	 	Support of O2 Germany
UMTS Access Network	 	 
	 
	 	 	 	 
	O2 (UK) Limited and
Nortel Networks UK
Limited

	 	Training for O2 UK on

UMTS Access Products	 	 
	 
	 	 	 	 
	O2 (Germany) GMBH &
CO. OHG and Nortel
Networks Germany GMBH
& CO KG

	 	Training for O2
Germany on UMTS
Access Products	 	 

15

 

	 	 	 	 	 
	 	 	 	 	Purchaser Entity to be
	Contract Parties	 	Contract Type	 	Sub-Contracted to
	*Partner
Communications
Company Ltd. 8 Amal
St., Afek Industrial
Park, Rosh Ha’ayin,
Israel and Nortel
Networks Israel
(Sales and Marketing)
Limited.

	 	Agreement for the
supply of a 3G UMTS
network (both Core &
Access) and other
telecommunications
systems, equipment
and related services
	 	Alcatel Telecom Israel
94 Em Hamoshavot Rd.
Park Azorim, Peth-Tikva
Israel *

 

			
	*	 	Note: It is intended that the Partner Contract will be unbundled and transferred however there is
a risk that this will not be achieved by Closing and therefore there may be a need to sub-contract
this to Alcatel on a short term basis. This will be done on a full back-to-back basis as if the
contract has been transferred.

16

 

EXHIBIT O

Modification of Exhibit O of the

Share and Asset Sale Agreement

17

 

CONTRAT DE CESSION D’ACTIONS

ENTRE:

Nortel Networks S.A., société anonyme de droit français au capital de 456.544.755 euros, dont le
siège social est situé à Magny-Chateaufort, 78117 Chateaufort, immatriculée au Registre du commerce
et des sociétés de Versailles sous le numéro B 389 516 741 et représentée pour les besoins des
présentes par [·], dûment habilité à l’effet des présentes,

(ci-après dénommée, « NN SA » ou le « Cédant »);

de première part;

ET:

Alcatel CIT, société anonyme au capital de 265.364.340 euros, dont le siège social est situé au 12,
rue de la Baume, 75008 Paris, immatriculée au Registre du commerce et des sociétés de Paris sous le
numéro 338 966 385 et représentée pour les besoins des
présentes par [·], dûment habilité à
l’effet des présentes,

(ci-après dénommée, Alcatel CIT ou le « Cessionnaire »);

de seconde part.

NN SA et Alcatel CIT sont collectivement dénommées ci-après les « Parties ».

IL EST RAPPELE CE QUI SUIT:

Aux termes d’un contrat de langue anglaise Share and Asset Sale Agreement conclu le 4 décembre 2006
(le « Share and Asset Sale Agreement »), tel qu’ultérieurement modifié, la société Nortel Networks
Limited, société de droit canadien, a transféré à Alcatel S.A., société de droit français, son
activité d’accès radio UMTS, sous réserve de la levée de certaines conditions suspensives.

Les parties au Share and Asset Sale Agreement ont convenu que ledit transfert serait réalisé en
France par le biais de la cession à Alcatel CIT des actions détenues par Nortel Networks S.A. dans
Diselec, société par actions simplifiée à associé unique de droit français au capital de 40.000
euros (avant apport de l’activité d’accès radio UMTS) dont le siège est situé 12, rue de la Baume,
75008 Paris, immatriculée au Registre du commerce et des sociétés de Paris sous le numéro 491 687
422 (la « Société » ).

Le Cédant souhaite vendre et le Cessionnaire souhaite acheter 57.567 actions de la Société détenues
par NN SA à la suite de la réalisation de l’augmentation de capital de ce jour.

18

 

CECI ETANT EXPOSE, IL A ETE CONVENU CE QUI SUIT:

ARTICLE 1 —  ACHAT ET VENTE DES ACTIONS

Le Cédant cède, sous les garanties ordinaires de fait et de droit, au Cessionnaire, qui accepte,
les Actions, libres de tous privilèges, sûretés, charges ou autres restrictions ou limitations de
quelque nature que ce soit, ainsi que tous les droits qui y sont attachés.

Le prix des Actions (ci-après dénommé le « Prix ») est déterminé et payé conformément aux
dispositions du Share and Asset Sale Agreement tel que modifié.

ARTICLE 2 — AJUSTEMENT DU PRIX

	2.1	 	Ajustement de l’Actif Net

Le Cédant s’est porté garant auprès de Diselec de la valeur au 31 décembre 2006, de l’actif net
apporté par le Cédant selon les termes d’un traité d’apport en date du 22 décembre 2006 conclu
entre le Cédant et la Société (« l’Actif Net »).

Dans le cas où, la valeur nette totale de l’Actif Net au 31 décembre 2006 calculée sur la base des
valeurs nettes comptables serait inférieure à 921.076 euros, le Cédant versera à Diselec une somme
en espèces destinée à compenser cette perte de valeur (le « Montant Complémentaire »). Les Parties
conviennent que dans un tel cas le Prix sera augmenté du Montant Complémentaire ; cette
augmentation de prix sera payable sans délai.

	2.2	 	Ajustement lié aux Passifs Sociaux

Les Parties conviennent que le Prix sera réduit du montant des passifs sociaux appréciés au 31
décembre 2006, figurant en Annexe 4 du Traité d’apport en nature conclu entre NN SA et Diselec le
22 décembre 2006, relatifs aux employés transférés par le Cédant à Diselec, tels que ces passifs
seront déterminés selon les modalités prévues par le Schedule 7 — Employment Provisions du Share
and Asset Sale Agreement ; cette réduction de prix sera remboursable sans délai.

ARTICLE 3 — PROPRIETE — JOUISSANCE

La cession des Actions prend effet après enregistrement de l’ordre de mouvement des Actions dans le
registre de la Société. A compter de cette inscription, le Cessionnaire est propriétaire desdites
Actions, en perçoit les revenus et bénéficie de tous les droits qui y sont attachés.

Le Cédant remet ce jour au Cessionnaire, qui le reconnaît, l’ordre de mouvement portant sur les
Actions dûment complété et signé.

ARTICLE 4 — DECLARATION SPECIFIQUE DES PARTIES

Les Parties reconnaissent expressément que le présent contrat est soumis aux stipulations du
contrat de langue anglaise Share and Asset Sale Agreement, notamment en ce qui concerne les
déclarations et garanties faites au titre des Actions. Le présent contrat n’a pas pour objet et ne
doit pas être interprété comme comportant des modifications, limitations ou renonciations de
quelque sorte que ce soit aux termes et conditions stipulés au Share and Asset Sale Agreement. En
cas de contradiction entre les stipulations du présent contrat et celles du Share and Asset Sale
Agreement, les stipulations de ce dernier prévaudront.

ARTICLE 5 — DISPOSITIONS GENERALES

19

 

	5.1	 	Frais. Le Bénéficiaire supportera l’intégralité des frais et coûts encourus en
relation avec la l’exécution du présent contrat et des opérations qu’il prévoit. Les droits
d’enregistrement relatifs à la cession des Actions seront intégralement supportés par le
Cessionnaire.
	 
	5.2	 	Droit applicable. Le présent contrat est régi par le droit français.
	 
	5.3	 	Clause attributive de juridiction. Tout litige ou différend relatif à
l’interprétation du présent contrat relèvera de la compétence exclusive du Tribunal de
Commerce de Paris.
	 
	5.4	 	Pouvoir. Tous pouvoirs sont donnés au porteur d’un original des présentes ou
d’extraits certifiés conformes des présentes constatant la réalisation définitive de la
cession des Actions pour l’accomplissement de toutes les formalités légales.

Fait à [     ],

Le 31 décembre 2006

en cinq (5) exemplaires originaux.

	 	 	 
	 

	 	 
	Nortel Networks S.A.

Par: [·]

	 	Alcatel CIT

Par: [·]

20

 

EXHIBIT 1.5

Modification of Schedule 1.5 of the

Share and Asset Sale Agreement

21

 

Schedule 7

22

 

Exhibit 5

Purchase Price Allocation

23

 

Exhibit 7.6

JV License Agreements

24Amendment to Share Sale Agreement - G5

     

    Exhibit
      10.4C
      
        	
                 

                AMENDMENT
                  TO SHARE
                  SALE AGREEMENT 

              
	
                 

                hereinafter
                  referred to as the “Amendment”, concluded on February 1,
                  2007, between:

              
	
                 

                - Małgorzata
                  Maria Rogowicz-Angierman, holder
                  of ID no. AAE 781019, and

              
	
                 

                - Jerzy
                  Cieślak, a
                  citizen of Poland, holder of ID no. ACE 725154, and 

              
	
                 

                - Piotr
                  Marcin Nassius,
                  holder of ID no. ABP 968234, and

              
	
                 

                - Przemysław
                  Dariusz Tomaszewski,
                  holder of ID no. ACZ 458318,

              
	
                 

                on
                  the one side, cumulatively referred to as the “Sellers”
                  and
                  any one separately as a “Seller”
                  

              
	
                 

                And

              
	
                 

                - Century
                  Casinos Europe GmbH,
                  incorporated and existing under the laws of Austria, whose registered
                  office is Wipplinger Str. 30, 1010, Vienna, Austria, 

              
	
                 

                on
                  the other side, hereinafter referred to as the “Purchaser”

              
	
                 

                WHEREAS:

              
	
                 

                The
                  Purchaser and the Sellers concluded the share sale agreement dated
                  June
                  13th,
                  2006 as amended (hereinafter the “Share Sale Agreement”) under the
                  provisions of which all Shares No. 1 were agreed to be transferred
                  from
                  the Sellers to the Purchaser, upon fulfilment of the conditions
                  precedent
                  set forth in § 4 section 5 of the Share Sale Agreement;

                 

              

      

    

    

      
        	
                 

                WHEREAS:

              
	
                 

                The
                  Parties, hereto, agree to decrease all the Purchase Prices for
                  the Shares
                  in the share capital of G5 so as to reflect the fact that that
                  Receivables
                  of the Polish Entities, from G5, under the Original Loan Agreements,
                  amounted to approximately PLN 18,000,000, and not as the Sellers
                  represented to the Purchaser PLN 15,000,000.

              
	
                 

                NOW
                  AND THERFORE, the Parties agree as follows:

              

      

    

     

    
      	
              § 1.

            
	
               

              DEFINITIONS.

               

              In
                this Amendment, the capitalized terms possess
                the meanings provided in the Share Sale Agreement, unless this Amendment
                expressly provides to the contrary.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        	
                 

                § 2.

              
	
                 

                AMENDMENTS
                  TO THE SHARE SALE AGREEMENT

              
	
                 

                The
                  parties to this Amendment agree to reduce each of the Purchase
                  Prices by
                  EURO 191,131.50. Considering the above, as well as considering
                  other
                  events that have occurred after the date of the Share Sale Agreement,
                  the
                  Parties agree to amend the Share Sale Agreement by:

              
	
                 

                1) adding,
                  in § 1 of the Share Sale Agreement, new definitions in the following
                  wording: 

                 

                “’New
                  Loan II Agreement’ means
                  the loan agreement to be concluded between G5, as a borrower, and
                  the
                  Purchaser, as a lender, in order for G5 to be able to pay in full
                  the Debt
                  Repayable to One of the Polish Entities;”; Schedule No. 1 of this
                  Amendment lists all the documents which will be appended to the
                  Share Sale
                  Agreement as new Schedules thereof;

                 

                "Receivables"
                  mean all the receivables by the Polish Entities from G5 totalling,
                  according to representations of the Sellers, PLN
                  18,000,000.00, for the repayment of the entire principal amounts
                  of
                  indebtedness and payment of the entire interest accrued thereon,
                  which
                  stem from the Original Loan Agreements;

                 

                ”‘One
                  of the Polish Entities’ means
                  one of the Polish Entities being the entity which is entitled to
                  receive
                  the repayment of the Debt Repayable to One of the Polish
                  Entities;

                 

                “‘Debt
                  Repayable to One of the Polish Entities’
                  means one of the items of the Receivables being the entirety of
                  the
                  outstanding indebtedness of G5 to One of the Polish Entities under
                  the
                  Settlement of the Debt Repayable to One of the Polish Entities,
                  which Debt
                  Repayable to One of the Polish Entities according to representations
                  made
                  by the Borrower to the Lender: (i) as to the principal amount of
                  it, has
                  already been repaid by the Borrower to One of the Polish Entities,
                  (ii) as
                  to the outstanding interest accrued on the principal amount of
                  it, is now
                  subject to a dispute between One of the Polish Entities and the
                  Borrower,
                  and (iii) is offered by One of the Polish Entities to be finally
                  settled
                  between One of the Polish Entities and G5 in return for payment
                  of not
                  more than PLN 3,000,000 to be made by G5 to One of the Polish
                  Entities”,

                 

                “‘Settlement
                  of the Debt Repayable to One of the Polish Entities’ means
                  one of the Original Loan Agreements being the settlement between
                  One of
                  the Polish Entities and G5 dated July 24th,
                  2003; Schedule No. 1 of this Amendment lists all the documents
                  which will
                  be appended to the Share Sale Agreement as new Schedules
                  thereof.

                 

              
	
                 

                2)
                  amending,
                  in § 1 of the Share Sale Agreement, the definition of the Confirmation
                  No.
                  4 so that it reads: “Confirmation
                  No. 4” means
                  a document to be issued by G5, the Sellers, and the Purchaser in
                  written
                  form that has signatures certified by a notary to confirm the fact
                  that:
                  (i) all the conditions precedent for the entry of this Agreement
                  into
                  force set forth in the § 4 section 5 below have been met, and (ii) the
                  Sellers received payment in full of all the dues, whatsoever, the
                  Sellers,
                  or any of them, had ever had from G5 before the date of the entry
                  of this
                  Agreement into force under § 4 section 5, below; Confirmation No, 4 is to
                  be issued solely for the benefit of the Purchaser who can, any
                  time, waive
                  the necessity of Confirmation No, 4 being issued under this Agreement;
                  Schedule No. 2 hereof sets forth the contents of Confirmation No.
                  4”;

              
	
                 

                3) amending,
                  in § 1 of the Share Sale Agreement, the definition of the Purchase Price
                  No. 1 so that it reads: “‘Purchase
                  Price No. 1’ means
                  the purchase price of EURO 538,868.50 which is to be paid to Seller
                  No. 1,
                  by the Purchaser ̧ for Shareholding No. 1 of Shares No. 1 in accordance
                  with § 5 below”;

              
	
                 

                4) amending,
                  in § 1 of the Share Sale Agreement, the definition of the Purchase Price
                  No. 2 so that it reads: “‘Purchase
                  Price No. 2’ means
                  the purchase price of EURO 538,868.50 which is to be paid to Seller
                  No. 2,
                  by the Purchaser ̧ for Shareholding No. 2 of Shares No. 1 in accordance
                  with § 5 below”; 

              
	
                 

                5) amending,
                  in § 1 of the Share Sale Agreement, the definition of the Purchase Price
                  No. 3 so that it reads: “‘Purchase
                  Price No. 3’ means
                  the purchase price of EURO 538,868.50 which is to be paid to Seller
                  No. 3,
                  by the Purchaser ̧ for Shareholding No. 3 of Shares No. 1 in accordance
                  with § 5 below”;

              
	
                 

                6) amending,
                  in § 1 of the Share Sale Agreement, the definition of the Purchase Price
                  No. 4 so that it reads: “‘Purchase
                  Price No. 4’ means
                  the purchase price of EURO 538,868.50 which is to be paid to Seller
                  No. 4,
                  by the Purchaser ̧ for Shareholding No. 4 of Shares No. 1 in accordance
                  with § 5 below”;

              
	
                 

                7) amending
                  § 4 section 5 so that it reads: “The entry into force of this Agreement is
                  conditional upon the Sellers, or - as applicable - the Purchaser,
                  ensuring
                  that all of the following conditions precedent have occurred by
                  June 30,
                  2007:

                 

                1) All
                  the Receivables of the Polish Entities including Debt Repayable
                  to One of
                  the Polish Entities, have been repaid in full by G5 to the Polish
                  Entities, exclusively with the usage of the finance to be obtained
                  by G5
                  on the basis of the New Loan Agreement and the New Loan Agreement
                  II;

                 

                2) (i)
                  The originals of Confirmation No. 1, Confirmation No. 2, and Confirmation
                  No. 3 have been delivered to any of the Sellers or, as applicable,
                  the
                  Purchaser, and (ii) the parties signed Confirmation No. 4; and
                  

                 

                3) The
                  Purchaser has obtained all permits and clearances that under Polish
                  law,
                  or any other applicable laws, are required from competent authorities,
                  including antimonopoly authorities, for completion of the transaction
                  contemplated herein; 

                 

                4)
                  all
                  the Sellers have resigned from their respective posts in the bodies
                  of G5
                  and delivered to the Purchaser originals of relevant documents
                  of
                  resignations bearing signatures that has been certified by a notary;
                  and

                 

                5)
                  Payment,
                  by the Purchaser, of all the instalments of EURO 350,000 to each
                  of the
                  Sellers on account of each of the Purchase Prices as described
                  in
                  § 5.1 below. 

                 

                Should
                  any of the above conditions precedent not be fulfilled by June
                  30th,
                  2007, the Agreement will expire, unless the Purchaser, for justified
                  reasons, informs any of the Sellers in writing that the said deadline
                  be
                  postponed by no longer than 2 months. The conditions precedent
                  for the
                  entry of this Agreement into force set forth in items 1, 2, 3,
                  and 4 above
                  are stipulated for the sole benefit of the Purchaser which can,
                  any time,
                  waive the fulfilment of any of them. If this Agreement expires
                  because of
                  the non-delivery of Confirmation No. 2 to the Purchaser or by the
                  failure
                  of any of the Sellers to sign Confirmation No. 4, none of the Sellers
                  will
                  be entitled to assert against the Purchaser any claim, whatsoever,
                  relating to the expiry of this Agreement, and the Purchaser will
                  be
                  entitled to seek compensation for loss incurred as a result of
                  such a
                  situation (including loss of profits). For the avoidance of doubt,
                  the
                  Parties unanimously confirm that the date of this Agreement is
                  to be
                  understood for the interpretation of this clause as the date when
                  the
                  signature of the Parties given, hereunder, have been certified
                  by a notary
                  public.”;

              
	
                 

                8) amending
                  § 5 section 1 so that it reads as following: “Purchase Prices of EURO
                  538,868.50, each one, for, as applicable, Shareholding No. 1 of
                  Shares No.
                  1, Shareholding No. 3 of Shares No. 1, and Shareholding No. 4 of
                  Shares
                  No. 1, are to be paid by transfer of the relevant Purchase Price
                  to the
                  relevant of the Sellers by the Purchaser in the following mode:
                  (i) EURO
                  350,000 of each of the Purchase Prices is to be paid by the Purchaser
                  within 5 Business Days of the fulfilment, or waiver, of the conditions
                  precedent set forth in § 4 section 5 item 1, 2, 3, and 4 above, and (ii)
                  the remaining EURO 188,868.50 of each of the Purchase Prices for,
                  as
                  applicable, Shareholding No. 1 of Shares No. 1, Shareholding No.
                  3 of
                  Shares No. 1, and Shareholding No. 4 of Shares No. 1, is to be
                  paid by the
                  Purchaser 6 months after the date when the Purchaser acquired all
                  of the
                  Shares No. 1 hereunder, however, not earlier than 3 Business Days
                  after
                  the later of: (a) the fulfilment of the conditions precedent set
                  forth in
                  § 4 section 5 items 1, 2, and 4 if the fulfilment of those conditions
                  precedent has been waived by the Purchaser in relation to the entry
                  of
                  this Agreement into force, and (b) the proper fulfilment by the
                  Sellers of
                  the covenant set forth in § 3 section 2 above. The Purchase Price of EURO
                  538,868.50 for Shareholding No.2 of Shares No. 1 is to be paid
                  to the
                  Seller No.2 by the Purchaser within 5 Business Days of the fulfilment,
                  or
                  waiver, of the condition precedent set forth in § 4 section 5 item 1, 2, 3
                  and 4 above. All the above conditions precedent for payment of
                  the
                  Purchase Prices, or any part of them, are stipulated for the sole
                  benefit
                  of the Purchaser which can, at any time, waive the fulfilment of
                  any of
                  those conditions precedent. The Purchaser does not bear any liability
                  for
                  non-fulfilment of any of the above conditions precedent.”;
                  

              

      

    

    
       

      
        
        

        
          

        

      

      
        
        

      

    

    

      
        	
                 

                9) adding,
                  in § 11 of the Share Sale Agreement, points nos. 10 and 11 of the
                  following wording: “Schedule No. 10 - Contents of the New Loan II
                  Agreement” and “Schedule No. 11 - Copy of the Settlement of the Debt
                  Repayable to One of the Polish Entities”; and “Schedule No. 12 -
                  Additional Representations and Warranties”; and 

              
	
                 

                10) amending
                  Schedule No. 2 to the Share Purchaser Agreement so that it acquires
                  wording set forth in Schedule No. 2 to this Amendment.

              
	
                 

                § 3.

              
	
                 

                EXTENSION
                  OF THE ADDITIONAL REPRESENTATIONS AND WARRANTIES OF THE
                  SELLERS

              
	
                 

                Considering
                  the fact that the legal and factual situation of G5 and Casinos
                  Poland is
                  not compliant with the expectations of the Purchaser, and the fact
                  that
                  the Sellers deem G5 and Casinos Poland to be, in every respect,
                  in a
                  satisfactory situation, the Sellers agree to expand the scope of
                  the
                  representations and warranties as to the situation of G5 and Casinos
                  Poland, which representations and warranties were made by the Sellers
                  to
                  the Purchaser under § 3 the Share Sale Agreement. Therefore, the Sellers
                  will represent and warrant to the Purchaser, in addition to the
                  original
                  representations and warranties contained in the Share Sale Agreement,
                  all
                  that that will be included in Schedule 12 of the Share Sale Agreement.
                  Schedule No. 1 of this Amendment lists all the documents which
                  will be
                  appended to the Share Sale Agreement as new Schedules
                  thereof.

              
	
                 

                §
                  4.

              
	
                 

                DISPUTES,
                  GOVERNING LAW,
                  LEVIES

              
	
                 

                1. Any
                  dispute arising out of, or in connection with, this Amendment,
                  including
                  any question regarding its existence, validity, or termination,
                  is to be
                  referred to and resolved in finality by arbitration under the Rules
                  of
                  Arbitration and Conciliation of the International Arbitral Centre
                  of the
                  Austrian Federal Economic Chamber, which rules are deemed to be
                  incorporated by reference into this clause. The number of arbitrators
                  is
                  to be three. The location of arbitration is to be Vienna, Austria.
                  The
                  language to be used in the arbitral proceedings is to be English.
                  The
                  governing law of the contract is to be the substantive law of Poland.
                  

              
	
                 

                2. The
                  fee of the notary for certifying signatures under this Amendment
                  is to be
                  divided and paid equally by the Purchaser (50%) and the Sellers
                  (50%).
                  

              
	
                 

                § 5.

              
	
                 

                LANGUAGE,
                  COUNTERPARTS OF AMENDMENT

              
	
                 

                1. This
                  Amendment has been executed in 5 (five) counterparts, each counterpart
                  containing a Polish and English version of the Amendment for each
                  Party.
                  

              
	
                 

                2. The
                  English language version of the Amendment is to prevail over any
                  discrepancy between the language versions.

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	
               

              IN
                WITNESS WHEREOF
                the Parties hereto have signed this Amendment, on the date first
                written
                above.

            

    

     

     

    Małgorzata
      Maria Rogowicz-Angierman,   

    /s/
      Małgorzata Maria Rogowicz-Angierman

     

    Jerzy
      Cieślak,

    /s/Jerzy
      Cieślak

     

    Piotr
      Marcin Nassius,

    /s/
      Piotr Marcin
      Nassius 

     

    Przemysław
      Dariusz Tomaszewski,

    /s/
      Przemysław Dariusz Tomaszewski

     

    Century
      Casinos Europe GmbH,

    /s/
      Christian
      Gernert

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Schedule
      No. 1

     

    List
      of New Documents which will be Appended to the Share Sale Agreement as Schedules
      thereof

     

    
      	
              1)

            	
              Contents
                of the New Loan II Agreement (Schedule No. 10 of the Share Sale
                Agreement);

            

    

     

    
      	
              2)

            	
              Copy
                of the Settlement of the Debt Repayable to One of the Polish Entities
                (Schedule No. 11 of the Share Sale
                Agreement);

            

    

     

    
      	
              3)

            	
              Additional
                Representations & Warranties of the Sellers (Schedule No. 12 of the
                Share Sale Agreement);

            

    

     

    

    
      
        
           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

     

    Additional
      Representations & Warranties of the Sellers 

     

    (To
      Be Signed Once Confirmation No. 1 Is Signed Under the Share Sale
      Agreement)

     

    ----

    The
      Parties expressly provide that, irrespective of the relevant provisions of
      the
      Share Sale Agreement, the attached Representations & Warranties will remain
      privileged. 

    ---

     

    Based
      on
      the information obtained by the Sellers from the management board of G5 as
      to
      the situation of G5, including, where applicable, the information obtained
      by G5
      from the management board of Casinos Poland as to the situation of Casinos
      Poland as an entity affiliated to G5, the Sellers represent and warrant to
      the
      Purchaser the following, which constitutes in all material respects, within
      the
      best knowledge of the Sellers, true, accurate, up-to-date, and not misleading
      information. 

     

    
      	I.    	
               Representations
                and warranties of the Sellers concerning
                G5:

            

    

     

    As
      at the
      date of signing this Amendment, G5 is not in arrears with the payment of any
      tax,
      social
      security contributions or any other public fees and charges of similar nature,
      

     

    
      	
              II.  
                

            	
               Representations
                and warranties of the Sellers concerning Casinos
                Poland

            

    

     

    
      	 	
               1.

            	
              Incorporation
                and Corporate Affairs of Casinos
                Poland:

            

    

     

    
      	 	
              a)

            	
              Casinos
                Poland fulfils all pecuniary liabilities towards the
                government-administration and self-governmental authorities (Polish:
                organy
                administracji rządowej i samorządowej), courts and all other public
                authorities, and there are no material outstanding dues in this respect
                or
                any unsatisfied material administrative or court orders or decisions,
                except ......

            

    

     

    
      	 	
               2.

            	
              Share
                Capital and the Shares
                of
                Casinos Poland:

            

    

     

    
      	 	
              a)

            	
              The
                Shares No. 2 constitute the exclusive rights of G5 and were acquired
                in a
                valid manner. G5, and the predecessors of it, has obtained all consents
                required by law from relevant bodies and remaining shareholders for
                the
                valid acquisition and effective of Shares No. 2.
                

            

    

     

    
      	 	
              b)

            	
              Disposal
                of the Shares No. 2 requires a written consent of the remaining
                shareholders in accordance with § 4 of the articles
                of association of Casinos Poland;
                G5 is in possession of such consent
                statements,

            

    

     

    
      	 	
              c)

            	
              data
                concerning Casinos Poland entries
                in the National Court Register is true.

            

    

     

    
      	 	
               3.

            	
              Real
                Property of Casinos Poland:

            

    

         

    Europejski
      Fundusz Hipoteczny sp. z o.o., no later than by the 30 April 2007, will validly
      and effectively make to Casinos Poland an offer to conclude a preliminary agreement
      in the form of the notarial deed for the purchase of the premises at Wolność 3A
      in Warsaw, in compliance with clause 18.7. of the Lease Agreement no. 704/01
      concluded on 28 June 2001 between Europejski Fundusz Hipoteczny sp. z o.o.
      and
      Casinos Poland;

    
      
         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              4.

            	
              Contracts
                and other arrangements of Casinos
                Poland:

            

    

     

    
      	 	
              a)

            	
              The
                following Instances where Casinos Poland or G5 have breached the
                provisions of article 230 of the Polish Commercial Companies’ Code will
                not result in any liability of Casinos Poland or G5 to a third party
                or
                with any other adverse consequences to the companies: conclusion
                of the
                lease agreement between Casinos Poland and Europejski Fundusz Leasingowy
                for business premises located in Warsaw, at ul. Wolność
                3A; bank loan agreement between Casinos Poland and BIG Bank Gdański SA
                dated the 4th of January 2001;

            

    

     

    
      	 	
              b)

            	
              The
                execution of the Agreement, as well as acquisition by the Purchaser
                of all
                the Shares No. 1 and indirectly all the Shares No. 2 will not result
                in a
                breach of or give any third party a right to terminate or modify,
                any
                material agreement or arrangement;

            

    

     

    
      	 	
              c)

            	
              all
                agreements concluded by Casinos Poland are in full force and effect
                and
                there are no circumstances which may result, due to the reasons on
                the
                part of CPL, in termination, expiration or variation of any terms
                thereof;
                Casinos Poland duly fulfils all its obligations arising from any
                agreement
                or arrangement or from any decision or judgment of any court or
                authorities to which Casinos Poland is a party or by which Casinos
                Poland
                or any of its respective assets are bound, and there are no basis
                for any
                liability of Casinos Poland due to the failure to fulfill such
                obligations, specifically no basis for claiming damages from Casinos
                Poland; 

            

    

     

    
      	 	
              5.

            	
              Authorizations
                and
                Compliance; Permits:

            

    

     

    
      	 	
              a)

            	
              Casinos
                Poland has all permits, licenses, certificates, approvals, and consents,
                and complies with all requirements necessary, or required, by relevant
                legislation to undertake and conduct its activities, and complies
                with the
                terms and conditions of all these
                permits;

            

    

     

    
      	 	
              b)

            	
              Casinos
                Poland has the following permits to operate the
                casinos:

            

    

     

    
      	 	
              ·

            	
              permit
                to operate the casino in
                Hotel Marriott, Warszawa - valid until 21 October
                2011,

            

    

     

    
      	 	
              ·

            	
              permit
                to operate the casino in Hotel Hyatt Regency, Warszawa - valid until
                30
                September 2010,

            

    

     

    
      	 	
              ·

            	
              permit
                to operate the casino in Plaza Hotel, Wrocław - valid until 18 October
                2011,

            

    

     

    
      	 	
              ·

            	
              permit
                to operate the casino in Hotel Orbis, Kraków - valid until 6 September
                2011,

            

    

    
      
         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              ·

            	
              permit
                to operate the
                casino in Hotel Polonez, Poznań - valid until 20 September
                2011,

            

    

     

    
      	 	
              ·

            	
              permit
                to operate the casino in Uni Centrum, Katowice - valid until 30 July
                2010,

            

    

     

    
      	 	
              ·

            	
              permit
                to operate the casino in Teatr Muzyczny, Gdynia - valid until 11
                February
                2008,

            

    

     

    
      	 	
              ·

            	
              permit
                to operate the slot machines saloon in Szczecin - valid until 1 October
                2010,

            

    

     

    
      	 	
              c)
                

            	
              Casinos
                Poland has the following permits to sell alcohol beverages in
                casinos:

            

    

     

    
      	 	
              ·

            	
              permits
                to sell alcohol beverages in casino at Hotel Marriott, Warszawa -
                valid
                until 4 September 2009, except for alcohol licence for the sale of
                alcoholic beverages up to 4.5% volume of alcohol and beer, which
                is valid
                until 23 August 2009, 

            

    

     

    
      	 	
              ·

            	
              permits
                to sell alcohol beverages in casino at Hotel Hyatt Regency, Warszawa
                -
                valid until 20 January 2009,

            

    

     

    
      	 	
              ·

            	
              permits
                to sell alcohol beverages in casino at Plaza Hotel, Wrocław - valid until
                11 November 2007, 

            

    

     

    
      	 	
              ·

            	
              permits
                to sell alcohol beverages in casino at Hotel Orbis, Kraków - valid until 9
                March 2007,

            

    

     

    
      	 	
              ·

            	
              permits
                to sell alcohol beverages in casino at Hotel Polonez,
                Poznań - valid until 30 September 2009,

            

    

     

    
      	 	
              ·

            	
              permits
                to sell alcohol beverages in casino at Uni Centrum, Katowice - valid
                until
                31 December 2008, -

            

    

     

    
      	 	
              ·

            	
              permits
                to sell alcohol beverages in casino at Teatr Muzyczny, Gdynia - valid
                until 19 May 2010,

            

    

     

    
      	 	
              ·

            	
              permits
                to sell alcohol beverages in a slot machines saloon in Szczecin -
                valid
                until 31 March 2010,

            

    

     

    
      	 	
              6.

            	
              Leasing
                agreements for operating the
                casinos

            

    

     

    
      	 	
              a)
                

            	
              Casinos
                Poland has concluded 9 lease agreements for operating
                casinos,

            

    

     

    
      	 	
              b)

            	
              Casinos
                Poland has concluded lease agreements for operating casinos for an
                indefinite period of time at premises in the LIM/ Marriott Building
                in
                Warszawa, premises
                in the Hotel HP Park Plaza in Wrocław, and in the Hotel Polonez in
                Poznań.

            

    

     

    The
      following lease agreements are validly concluded for a definite period of time:
      

     

    
      	 	
              ·

            	
              Agreement
                concerning premises in Hotel Hyatt Regency in
                Warszawa;

            

    

     

    
      	 	
              ·

            	
              Agreement
                concerning premises in Hotel Orbis,
                Kraków;

            

    

    
      
         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              ·

            	
              Agreement
                concerning premises in Uni Centrum, Katowice;

            

    

     

    
      	 	
              ·

            	
              Agreement
                concerning premises in Teatr Muzyczny,
                Gdynia;

            

    

     

    
      	 	
              ·

            	
              Agreement
                concerning premises in Szczecin.

            

    

     

    No
      change
      of the terms of above lease agreements have occurred since the 1st
      of
      September 2006.

     

    
      	 	
              c)

            	
              all
                lease
                agreements relative to business premises for operating the
                casinos
                concluded by Casinos Poland are in full force and effect and there
                are no
                circumstances which may result in termination, expiration or variation
                of
                any terms thereof; Casinos Poland duly fulfils all its obligations
                arising
                from each of these agreements. Casinos Poland has paid all outstanding
                payments regarding the lease of the premises in Hotel
                Hyatt Regency in Warszawa.

            

    

     

    
      	 	
              7.

            	
              Taxes
                of Casinos Poland:-

            

    

     

    
      	 	
              a)

            	
              Casinos
                Poland
                complies with all laws and legal regulations governing tax relations
                and
                it has submitted to tax authorities all tax returns, tax statements
                and
                supporting documents required to be filed by it
                for all previous tax periods in accordance with the relevant tax
                and legal
                regulations. All tax returns, tax statements and
                supporting documents
                are true, correct and complete;

            

    

     

    
      	
            	b)	
              All
                notices, returns, computations, documentation, declarations, and
                registrations of Casinos Poland required for the purposes of any
                taxation
                and social security have been made by the requisite dates, in accordance
                with applicable tax laws, and none is the subject of any dispute
                involving any tax authority;

            

    

     

    
      	 	
              c)

            	
              the
                outstanding tax payments of Casinos Poland as
                of ______ are as follows: 

            

    

     

    
      	 	
              ·

            	
              gambling
                tax ............. 

            

    

     

    
      	 	
              ·

            	
              excise
                tax ...........

            

    

     

    
      	 	
              ·

            	
              entry
                charges ...............

            

    

     

    
      	 	
              ·

            	
              PIT
                ..............-

            

    

     

    
      	 	
              ·

            	
              Social
                Security ............. 

            

    

     

    
      	 	
              ·

            	
              CIT
                .............. 

            

    

     

    
      	 	
              ·

            	
              Withholding
                tax on dividends ............ .

            

    

     

    
      	 	
              ·

            	
              VAT
                ...............

            

    

     

    
      	 	
              d)

            	
              There
                are no pending audits, investigations, controls or additional assessments
                in respect of any tax and social security contributions of Casinos
                Poland;
                there are no pending tax proceedings or proceedings before the
                administrative courts in respect of any tax and social security
                contributions initiated either by Casinos Poland, or against Casinos
                Poland;

            

    
      
        
           

          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

     

    
      	 	
              e)

            	
              No
                asset of Casinos Poland is subject to any treasury encumbrances with
                the
                exception of the treasury pledges for the benefit of the tax authorities
                securing the liability of PLN 8,380,443.90;

            

    

     

    
      	 	
              f)

            	
              there
                are no tax risks associated with tax
                settlement of the following transactions: lease agreement made upon
                the
                lease agreement between Casinos Poland and Europejski Fundusz Leasingowy
                for premises at ul. Wolność 3A; bank loan agreement between Casinos Poland
                and BIG Bank Gdański SA dated 4 January 2001; settlement relating to
                ceasing of operations of the casino in Rzeszów; settlement of
                debt-to-equity swap relating to acquisition of the shares of CP
                Nieruchomości by Casinos Poland in exchange for an in-kind
                contribution;

            

    

     

    
      	 	
              g)

            	
              All
                transactions between Casinos Poland and related parties, specifically,
                with G5, were concluded at arm's length and transfer pricing rules
                were
                observed in all agreements (existing, or already terminated, or expired)
                concluded between Casinos Poland and related parties, there are no
                legal
                grounds for such transactions to be challenged by tax authorities
                or third
                parties;

            

    

     

    
      	 	
              8.

            	
              Litigation

            

    

     

    No
      civil,
      labour, criminal, arbitration, administrative or other proceedings against
      Casinos Poland are pending or there is no reason for such proceedings to be
      commenced as of now, except for: seven
      pending cases in employment matters referred to below;

     

    
      	 	
              9.

            	
              Relationships
                between G5 and Casinos
                Poland:

            

    

     

    Casinos
      Poland is not indebted to G5 and G5 is not indebted to Casinos
      Poland;

     

    
      	 	
              10.

            	
              Intellectual
                Property Rights:

            

    

     

    Casinos
      Poland possesses two trademarks word-graphic mark “Casinos” in a red-black color
      which is registered at the Patent Office under no. 108911 and graphic mark
      in
      the red colour which is registered at Patent Office under no. 99126;

     

    The
      above
      marks are also registered in the International Register maintained on the basis
      of Madrid Accord and Protocol and confirmed by a registration certificates
      no.
      761183 and no. 761182 issued by the Office of the International Word
      Intellectual Property Organization (OMPI);

     

    
      	 	
              11.

            	
              Employment:

            

    

     

    
      	 	
              1)

            	
              The
                total amount of prinicpal amoints plus interests of all the employee
                loans
                is PLN  _____;

            

    

     

    
      	 	
              2)

            	
              There
                are only [seven
                - to be updated] employment
                court cases pending against the Casinos Poland. They concern claims
                of
                unfair dismissal. According to Sellers’s best knowledge, these cases are
                minor and five of them have been
                suspended;

            

    

     

    
      	 	
              3)

            	
              There
                are only [two
                - to be updated] employment-related
                court cases initiated by Casinos Poland pending against the employees
                of
                Casinos Poland. They deal with claims of unpaid loans made from the
                Social
                Benefit Fund as well as shortages in the cash-register of the Casino
                in
                Warsaw.

            

    

    
      
         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
               

              _____,
                _______________

               

              (date)
                (signature/s/ certified by a notary)

               

              For
                and on behalf of:

               

              G5
                Sp. z o. o.

            
	
               

               _____,
                /s/ Malgorzata Maria Rogowicz-Angierman

               

              (date)
                (signature certified by a notary)

               

              Małgorzata
                Maria Rogowicz-Angierman

            	
               

                  
                , /s/ Jerzy Cieślak

               

              (date)
                (signature certified by a notary)

               

              Jerzy
                Cieślak

            
	
               

              _____,
                /s/Przemysław Dariusz Tomaszewski

               

              (date)
                (signature certified by a notary)

               

              Przemysław
                Dariusz Tomaszewski 

               

            	
               

              _____,
                /s/ Piotr Marcin Nassius

               

              (date)
                (signature certified by a notary)

               

              Piotr
                Marcin Nassius

            

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Contents
      of the New Loan II Agreement

     

    The
      Parties expressly provide that, irrespective of relevant provisions of the
      Share
      Sale Agreement, the attached contents of the New Loan II will remain privileged.
      

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Copy
      of the Settlement of the Debt Repayable to One of the Polish
      Entities

     

    The
      Parties expressly provide that, irrespective of relevant provisions of the
      Share
      Sale Agreement, the attached copy of the Settlement of the Debt Repayable to
      One
      of the Polish Entities will remain privileged. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Schedule
      No. 2

     

    Amended
      Contents of Schedule No. 2 of the Share Sale Agreement

     

     Contents
      of Confirmation No. 4

     

    We,
      the
      undersigned, acting in the name of: (i) Casinos
      Europe GmbH, a company incorporated and existing under the laws of Austria,
      whose registered office is Wipplinger Str. 30, 1010, Vienna, Austria,
(ii)
      G5
      Sp. z
      o.o., a company incorporated and existing under the laws of the Republic of
      Poland, whose registered
      office
      is at ul. Żelazna 82/84 no. 51, 00-894 Warsaw, Poland (iii)
      Małgorzata
      Maria Rogowicz-Angierman, a citizen of Poland, (iv) Jerzy Cieślak, a citizen of
      Poland, (v) Piotr Marcin Nassius, a citizen of Poland, (vi) Przemysław Dariusz
      Tomaszewski, a citizen
      of
      Poland, further
      to the share sale and purchase agreement between Century
      Casinos Europe GmbH, as a purchaser, and the aforementioned natural persons,
      as
      sellers, dated ____ (the “Agreement”) do, hereby, confirm that the
      conditions precedent for the entry of the Agreement into force set forth in
      the
§ 4 section 5 of the Agreement have been met and, and, therefore, Century
      Casinos Europe GmbH acquired all Shares No. 1.

     

    In
      addition, the Sellers confirm to G5 that the Sellers received payment in full
      of
      all the dues, whatsoever, the Sellers had ever had from G5 before the date
      of
      the entry of the Agreement into force.

     

    The
      capitalized terms used herein possess meanings set forth in the Agreement,
      unless this document expressly provides to the contrary.

     

     

    Attachments:

     

    
      	 	
              -

            	
              originals
                of unconditional resignations from participations in the bodies of
                G5
                bearing signatures confirmed by a notary
                public

            

    

    
      	
               

              _____,
                /s/ Christian Gernert

               

              (date)
                (signature/s/ certified by a notary)

               

              For
                and on behalf of:

               

              Casinos
                Europe GmbH

            	
               

              _____,
                _______________

               

              (date)
                (signature/s/ certified by a notary)

               

              For
                and on behalf of:

               

              G5
                Sp. z o. o.

            
	
               

               _____,
                /s/ Małgorzata
                Maria Rogowicz-Angierman

               

              (date)
                (signature certified by a notary)

               

              Małgorzata
                Maria Rogowicz-Angierman

            	
               

              _____,
                /s/ Jerzy
                Cieślak

               

              (date)
                (signature certified by a notary)

               

              Jerzy
                Cieślak

            
	
               

              _____,
                /s/ Przemysław Dariusz Tomaszewski

               

              (date)
                (signature certified by a notary)

               

              Przemysław
                Dariusz Tomaszewski 

               

            	
               

              _____,
                /s/ Piotr
                Marcin Nassius

               

              (date)
                (signature certified by a notary)

               

              Piotr
                Marcin Nassius

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00119-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00119-of-00352.parquet"}]]