Document:

Exhibit 4.20

 

Dated 30 June 2005

 

 

DARGATE LIMITED

and

MOBIFON HOLDINGS B.V.

 

 

SHARE PURCHASE AGREEMENT

 

relating to the sale and purchase
of issued share capital of MobiFon S.A.

 

 

 

One Silk Street

London EC2Y 8HQ

 

 

Telephone (44-20) 7456 2000

Facsimile (44-20) 7456 2222

 

Ref  Hugo
Stolkin/Chloe Harbord

 

 

Share Purchase Agreement

 

This
Agreement is made on 30 June 2005

 

between:

 

(1)                              Dargate Limited a company incorporated in Cyprus whose
principal place of business is at Julia House, 3 Themistocles Dervis Street,
CY-1066, Nicosia, Cyprus (the “Seller”);
and

 

(2)                              MobiFon Holdings B.V. a company incorporated in The
Netherlands whose registered office is at Rivium Quadrant 173-177, 2090 LC
Capelle aan den IJssel, The Netherlands with its official seat in Rotterdam
(the “Purchaser”).

 

Whereas:

 

(A)                           The Seller has agreed to sell the
Shares (as defined below) and to assume the obligations imposed on the Seller
under this Agreement; and

 

(B)                             The Purchaser has agreed to purchase
the Shares and to assume the obligations imposed on the Purchaser under this
Agreement.

 

It
is agreed as follows:

 

1                                      Interpretation

 

In this
Agreement, unless the context otherwise requires, the provisions in this Clause
1 apply:

 

1.1                            Definitions

 

“Agreed Terms” means, in relation to a document,
such document in the terms agreed between the Seller and the Purchaser and
signed for identification by the Purchaser and the Seller;

 

“Banks” means the European Bank for
Reconstruction and Development, Export Development Canada and Nordic Investment
Bank;

 

“Business Day” means a day which is not a
Saturday, a Sunday or a public holiday in Cyprus, England or The Netherlands;

 

“Closing” means the completion of the sale
of the Shares pursuant to Clause 6 of this Agreement;

 

“Closing Amount” has the meaning given in
Clause 3;

 

“Closing Date” means 1 July or another
date established by the Seller and Purchaser according to Clause 6.1;

 

“Company” means MobiFon S.A., a joint stock
company incorporated in Romania whose registered office is at 15 Charles de Gaulle
Square, Sector 1, 011857 Bucharest, Romania, having the Unique Code of
Registration no. 8971726 with the Trade Registry and registered no.
J40/9852/1996 with the Bucharest Trade Registry Office;

 

“EBRD Encumbrance” means the encumbrance in
favour of the Banks created by a security agreement over the Shares dated 27 August 2002;

 

1

 

“Encumbrance” means any claim, charge,
mortgage, pledge, lien, option, equity, power of sale, hypothecation, retention
of title, right of pre-emption, right of first refusal or other third party
right or security interest of any kind or an agreement, arrangement or
obligation to create any of the foregoing;

 

“Escrow Agreement” means the escrow agreement annexed to this
Agreement, to be entered into by the parties hereto in accordance with Clause
5;

 

“Escrow Documents” shall bear the meaning ascribed to such
term in the Escrow Agreement;

 

“Non-Disclosure Agreement” means the non-disclosure agreement
dated 12 April 2005 between the Seller and Vodafone Group Services
Limited;

 

“Purchaser’s Group” means Vodafone Group Plc and its
subsidiaries, from time to time (including the Purchaser);

 

“Purchaser’s Warranties” means the
warranties and representations given by the Purchaser pursuant to Clause 7.2
and “Purchaser’s Warranty” means
any one of them;

 

“ROL/RON” means the lawful currency of
Romania;

 

“Seller’s Warranties” means the warranties
and representations given by the Seller pursuant to Clause 7.1 and “Seller’s Warranty” means any one of them;
and

 

“Shares” means 1,711,012 nominative shares
of ROL3,750 (RON 0.37) each in the Company.

 

1.2                            Singular, plural, gender

 

References to one
gender include all genders and references to the singular include the plural
and vice versa.

 

1.3                            References to persons and companies

 

References to:

 

1.3.1                   a person include any company,
partnership or unincorporated association (whether or not having separate legal
personality); and

 

1.3.2                   a company shall include any company,
corporation or any body corporate, wherever incorporated.

 

1.4                            Headings

 

Headings shall be
ignored in interpreting this Agreement.

 

2                                      Agreement to Sell the Shares

 

2.1.1                   On and subject to the terms of this
Agreement, the Seller agrees to sell, and the Purchaser agrees to purchase, the
Shares.

 

2.1.2                   The Shares shall be sold by the Seller
with full title guarantee free from Encumbrances, except for the EBRD
Encumbrance, and together with all rights and advantages attaching to them as
at Closing (including, without limitation, the right to receive all dividends
or distributions declared, made or paid on or after Closing).

 

2

 

3                                      Consideration

 

The consideration
for the purchase of the Shares under this Agreement shall be an amount in cash
equal to the sum of US$28,100,000 (the “Closing
Amount”).

 

4                                      Conditions

 

4.1                            Conditions Precedent

 

The agreement to
sell and purchase the Shares contained in Clause 2 is conditional upon:

 

4.1.1                   the submission by the Company of  a notice to the Banks of the proposed
transaction;

 

4.1.2                   the Banks instructing their agent to
deliver the Company’s pledged shares for endorsement prior to Closing; and

 

4.1.3                   the delivery by the Seller of a letter
of resignation from the office of director of the Company duly executed by Mr
Vasile Bontas in the Agreed Terms, such resignation to be stated to be
effective immediately as of Closing.

 

4.2                            Satisfaction of Conditions Precedent

 

4.2.1                   The Seller shall use all reasonable
endeavours to ensure the satisfaction of the conditions set out in Clause 4.1.
as soon as possible.

 

4.2.2                   Without prejudice to Clause 4.2.1, the
Purchaser agrees to co-operate with and provide all necessary information and
assistance to the Seller in connection with the satisfaction of the conditions
set out in Clause 4.1.

 

5                                      Signing

 

On signing of
this Agreement, the Parties will execute the Escrow Agreement in the form
attached hereto.

 

Following signing
and being instructed by the Purchaser to transfer the Closing Amount to the
Seller, the Purchaser’s bank shall deliver or make available to the Seller a
confirmation of the irrevocable payment order for the transfer of the Closing
Amount in the account indicated in Clause 6.2.3 below.

 

Immediately
following receipt of the confirmation of the irrevocable transfer instruction
referred to above, an authorised representative of the Seller shall (a) register
the transfer of ownership of Shares in the Company’s register of shareholders
in order to effect the transfer of ownership over the Shares from the Seller to
the Purchaser; and (b) endorse the relevant share certificates in order to
reflect the Share transfer.

 

6                                      Closing

 

6.1                            Date and Place

 

Subject to Clause
4, Closing shall take place at the Company headquarters, 15 Charles de Gaulle
Square, Sector 1, 011857 Bucharest, Romania on 1 July 2005 or at such
other location and on such other date as may be agreed between the Purchaser
and the Seller.  For the avoidance of
doubt, the Purchaser may proceed to Closing in the physical absence

 

3

 

of the Seller if
the Escrow Documents are released to the Purchaser in accordance with the terms
of the Escrow Agreement.

 

The actions
contemplated by Clause 6.2 to be undertaken on Closing are deemed to be carried
out simultaneously and Closing shall occur only if all of these actions are
completed or waived in accordance with Clause 6.3.2.

 

6.2                            Closing Obligations

 

6.2.1                   On (or prior to) Closing, the Seller
shall deliver or make available to the Purchaser the following:

 

(i)                                  evidence of the due fulfilment of the
conditions set out in Clause 4.1; and

 

(ii)                               evidence that the Seller is authorised
to execute this Agreement.

 

6.2.2                   On (or prior to) Closing, the Purchaser
shall deliver or make available to the Seller evidence that the Purchaser is
authorised to execute this Agreement.

 

6.2.3                   Prior to Closing, the Purchaser will
transfer the Closing Amount to the Seller’s account identified below:

 

	
  Bank:

  	
   

  	
  Bank of Cyprus Limited

  
	
   

  	
   

  	
   

  
	
  Bank Account No.:

  	
   

  	
  0155-41-181-080-06 [USD]

  
	
   

  	
   

  	
   

  
	
  IBAN:

  	
   

  	
  CY29 0020 0155 0000 0041 1810 8006

  
	
   

  	
   

  	
   

  
	
  SWIFT BIC:

  	
   

  	
  BCYPCY2N

  

 

Once receipt of
the Closing Amount in to the aforementioned account has been confirmed, the
parties shall proceed immediately to register the transfer of the Shares in
accordance with Clauses 6.2.4 and 6.2.5 below.

 

6.2.4                   On Closing, an authorised
representative of the Purchaser will countersign the Seller’s entry in the
Company’s register of shareholders.

 

6.2.5                   On Closing, an authorised
representatives of the Purchaser will endorse the relevant share certificates
in order to reflect the Share transfer.

 

6.3                            Breach of Closing Obligations

 

If the Seller or
the Purchaser fails to comply with any material obligation in Clause 6.2, the
Purchaser, in the case of non-compliance by the Seller, or the Seller, in the
case of non-compliance by the Purchaser, shall be entitled (in addition to and
without prejudice to all other rights or remedies available, including the
right to claim damages) by written notice to the other:

 

6.3.1                   to terminate this Agreement (other than
Clauses 9.8 and 9.13) without liability on its part; or

 

6.3.2                   to effect Closing so far as practicable
having regard to the defaults which have occurred; or

 

6.3.3                   to fix a new date for Closing (being
not more than 20 Business Days after the agreed date for Closing) in which case
the provisions of Clause 6.2 shall apply to Closing as so deferred but provided
such deferral may only occur once.

 

4

 

7                                      Warranties

 

7.1                            The Seller’s Warranties

 

7.1.1                   The Seller warrants and represents to
the Purchaser that each of the following statements are true and accurate and
not misleading as of the date of this Agreement and the Closing Date:

 

(i)           the Seller is the sole legal and
beneficial owner of the Shares;

 

(ii)          except for the EBRD Encumbrance, there
are no Encumbrances, nor is there any agreement or obligation to create or give
any Encumbrance, on, over or affecting any of the Shares and no claim has been
made by any person to be entitled to any Encumbrance;

 

(iii)         all consents for the transfer of the
Shares have been obtained or will be obtained by Closing;

 

(iv)         the Seller is validly existing and is a
company duly incorporated under the laws of Cyprus;

 

(v)          the Seller has taken all corporate
action and has the legal right and full power and authority to enter into and
perform this Agreement and any other documents to be executed by it pursuant to
or in connection with this Agreement; and

 

(vi)         this Agreement, and any other documents
to be executed by it pursuant to or in connection with this Agreement will,
when executed, constitute valid and binding obligations on the Seller, in
accordance with their respective terms.

 

7.1.2                   The Seller acknowledges that the
Purchaser has entered into this Agreement in reliance upon the Seller’s
Warranties.

 

7.1.3                   Each of the Seller’s Warranties shall
be separate and independent and shall not be limited by reference to anything in this Agreement.

 

7.2                            The Purchaser’s Warranties

 

The Purchaser
warrants and represents to the Seller that each of the following statements is
true and accurate and not misleading as of the date of this Agreement and the
Closing Date:

 

(i)            the Purchaser is validly existing and
is a company duly incorporated under the law of its jurisdiction of incorporation;

 

(ii)           the Purchaser has taken all corporate
action and has the legal right and full power and authority to enter into and
perform this Agreement and any other documents to be executed by it pursuant to
or in connection with this Agreement; and

 

(iii)          this Agreement, and any other documents
to be executed by it pursuant to or in connection with this Agreement will,
when executed, constitute valid and binding obligations on the Purchaser, in
accordance with their respective terms.

 

5

 

8                                      Confidentiality

 

8.1                            Announcements

 

No announcement
in connection with the existence of the subject matter of this Agreement shall
be made or issued by or on behalf of the Seller or the Purchaser without the
prior written approval of the Purchaser or the Seller, respectively. This shall
not affect any announcement required by law or any regulatory body or the rules of
any recognised stock exchange on which the shares of Vodafone Group Plc are
listed.

 

8.2                            Confidentiality

 

8.2.1                   The Non-Disclosure Agreement will
continue in force from and after the date of this Agreement, except if
inconsistent with this Agreement. The following provisions of this Clause 8.2
are in addition to the terms of the Non-Disclosure Agreement.

 

8.2.2

 

(i)           Subject to Clause 8.1 and Clause 8.2.3,
each of the Seller and the Purchaser shall treat as strictly confidential and
not disclose or use any information received or obtained as a result of
entering into this Agreement (or any agreement entered into pursuant to this
Agreement) which relates to:

 

(a)        the provisions of this Agreement and any agreement
entered into pursuant to this Agreement; or

 

(b)        the negotiations relating to this Agreement (and
any such other agreements).

 

(ii)          The Seller shall treat as strictly
confidential and not disclose or use any information relating to the Company
following Closing and shall so treat any other information relating to the
business, financial or other affairs (including future plans and targets) of
the Purchaser’s Group.

 

8.2.3                   Clause 8.1 or 8.2.2 shall not prohibit
disclosure or use of any information if and to the extent:

 

(i)           the disclosure or use is required by
law, any regulatory body or the rules and regulations of any recognised
stock exchange;

 

(ii)          the disclosure or use is required to
vest the full benefit of this Agreement in any party;

 

(iii)         the disclosure is made to professional
advisers of any party on terms that such professional advisers undertake to
comply with the provisions of Clause 7.2.2 in respect of such information as if
they were a party to this Agreement;

 

(iv)         the information is or becomes publicly
available (other than by breach of the Non-Disclosure Agreement or of this
Agreement);

 

(v)          the other party has given prior written
approval to the disclosure or use; or

 

(vi)         the information is independently
developed after Closing.

 

6

 

9                                      Other Provisions

 

9.1                            Further Assurances

 

9.1.1                   Each of the Seller and the Purchaser
shall, and shall use reasonable endeavours to procure that any necessary third
party shall, from time to time execute such documents and perform such acts and
things as either of the Seller or the Purchaser may reasonably require to
transfer the Shares to the Purchaser and to give each of them the full benefit
of this Agreement.

 

9.1.2                   Pending registration of the Purchaser
as owner of the Shares, the Seller shall exercise all voting and other rights
in relation to such Shares in accordance with the Purchaser’s instructions.

 

9.2                            Whole Agreement

 

9.2.1                   This Agreement contains the whole
agreement between the Seller and the Purchaser relating to the subject matter
of this Agreement at the date of this Agreement to the exclusion of any terms
implied by law which may be excluded by contract and supersedes any previous
written or oral agreement between the Seller and the Purchaser in relation to
the matters dealt with in this Agreement.

 

9.2.2                   The Purchaser acknowledges that it has
not been induced to enter this Agreement by any representation, warranty or
undertaking not expressly incorporated into it.

 

9.2.3                   So far as is permitted by law and
except in the case of fraud, each of the Seller and the Purchaser agrees and
acknowledges that its only right and remedy in relation to any representation,
warranty or undertaking made or given in connection with this Agreement shall
be for breach of the terms of this Agreement to the exclusion of all other
rights and remedies (including those in tort or arising under statute).

 

9.3                            Reasonableness

 

Each of the
Seller and the Purchaser confirms it has received independent legal advice
relating to all the matters provided for in this Agreement, including the terms
of Clause 9.2 (Whole Agreement) and agrees that the provisions of this
Agreement (and all documents entered into pursuant to this Agreement) are fair
and reasonable.

 

9.4                            Third Party Rights

 

A person who is
not a party to this Agreement has no right under the Contracts (Rights of Third
Parties) Act 1999 to enforce any term of, or enjoy any benefit under, this
Agreement.

 

9.5                            Variation

 

No variation of
this Agreement shall be effective unless in writing and signed by or on behalf
of each of the Seller and the Purchaser.

 

9.6                            Time of the Essence

 

Time shall be of
the essence of this Agreement both as regards any dates and periods mentioned
and as regards any dates and periods which may be substituted for them in
accordance with this Agreement or by agreement in writing between the Seller
and the Purchaser.

 

7

 

9.7                            Method of Payment

 

Wherever in this
Agreement provision is made for the payment by one party to the other, such
payment shall be effected by crediting for same day value the account specified
by the payee to the payer reasonably in advance and in sufficient detail to
enable payment by telegraphic or other electronic means to be effected on or
before the due date for payment.

 

9.8                            Costs

 

9.8.1                   The Seller shall bear all costs
incurred by it in connection with the preparation, negotiation and entry into
of this Agreement and the sale of the Shares.

 

9.8.2                   The Purchaser shall bear all such costs
incurred by it in connection with the preparation, negotiation and entry into
of this Agreement and the purchase of the Shares.

 

9.9                            Stamp Duty, Fees and Taxes

 

The Purchaser
shall bear the cost of all stamp duty, any notarial fees and all registration
and transfer taxes and duties or their equivalents in all jurisdictions where
such fees, taxes and duties are payable as a result of the transactions
contemplated by this Agreement. The Purchaser shall be responsible for
arranging the payment of such stamp duty and all other such fees, taxes and
duties, including fulfilling any administrative or reporting obligation imposed
by the jurisdiction in question in connection with the payment of such taxes
and duties. The Purchaser shall indemnify the Seller against any Losses
suffered by the Seller as a result of the Purchaser failing to comply with its
obligations under this Clause 8.9.

 

9.10                     Notices

 

9.10.1            Any notice or other communication in
connection with this Agreement (each, a “Notice”)
shall be:

 

(i)           in writing;

 

(ii)          delivered by hand, fax, pre-paid first
class post or courier using an internationally recognised courier company.

 

9.10.2            A Notice to the Seller shall be sent to
the following address, or such other person or address as the Seller may notify
to the Purchaser from time to time:

 

Dargate Limited

 

1 Poligrafiei
Street, Sector 1, 013704 Bucharest, Romania

 

Fax: +40 21 224
03 44

 

Attention:  Mr Vasile Bontas, Member of the Board of
Directors, Dargate Limited

 

9.10.3            A Notice to the Purchaser shall be sent
to the following address, or such other person or address as the Purchaser may
notify to the Seller from time to time:

 

MobiFon Holdings
B.V.

Rivium Quadrant 173-177 

15th Floor 

2909 LC Capelle aan den IJssel

The Netherlands

 

8

 

Fax:                                +31 10 498 7722

 

Attention:                                              Managing Director

 

With a copy to:

 

Vodafone Group
Services Limited

Vodafone House

The Connection

Newbury RG14 2FN

England

 

Fax: +44 1635
580857

 

Attention: Group
General Counsel

 

9.10.4            A Notice shall be effective upon
receipt and shall be deemed to have been received:

 

(i)           60 hours after posting, if delivered by
pre-paid first class post;

 

(ii)          at the time of delivery, if delivered
by hand or courier; or

 

(iii)         at the time of transmission in legible
form, if delivered by fax.

 

9.11                     Invalidity

 

9.11.1            If any provision in this Agreement
shall be held to be illegal, invalid or unenforceable, in whole or in part, the
provision shall apply with whatever deletion or modification is necessary so
that the provision is legal, valid and enforceable and gives effect to the
commercial intention of the parties.

 

9.11.2            To the extent it is not possible to
delete or modify the provision, in whole or in part, under Clause 9.11.1, then
such provision or part of it shall, to the extent that it is illegal, invalid
or unenforceable, be deemed not to form part of this Agreement and the
legality, validity and enforceability of the remainder of this Agreement shall,
subject to any deletion or modification made under Clause 9.11.1, not be
affected.

 

9.12                     Counterparts

 

This Agreement
may be entered into in any number of counterparts, all of which taken together
shall constitute one and the same instrument. The Seller and the Purchaser may
enter into this Agreement by executing any such counterpart.

 

9.13                     Governing Law and Submission to Jurisdiction

 

9.13.1            This Agreement and the documents to be
entered into pursuant to it, save as expressly referred to therein, shall be
governed by and construed in accordance with English law.

 

9.13.2            Each of the Seller and the Purchaser
irrevocably agrees that the courts of England are to have exclusive
jurisdiction to settle any dispute which may arise out of or in connection with
this Agreement and the documents to be entered into pursuant to it and that
accordingly any proceedings arising out of or in connection with this Agreement
and the documents to be entered into pursuant to it shall be brought in such
courts. Each of the Seller and the Purchaser irrevocably submits to the
jurisdiction of such courts and waives any objection to proceedings in any such

 

9

 

court on the
ground of venue or on the ground that proceedings have been brought in an
inconvenient forum.

 

9.14                     Appointment of Process Agent

 

9.14.1            The Seller undertakes, in case a
litigation will arise out from or in relation to this Agreement, an
attorney-at-law (or such other process agent as it may notify to the Purchaser
in writing within 10 Business Days of the date of this Agreement) as its agent
to accept service of process in England in any legal action or proceedings
arising out of this Agreement, service upon whom shall be deemed completed
whether or not forwarded to or received by the Seller.

 

9.14.2            The Seller agrees to inform the
Purchaser in writing of any change of address of such process agent within 28
days of such change.

 

9.14.3            If such process agent ceases to be able
to act as such or to have an address in England, the Seller irrevocably agrees
to appoint a new process agent in England reasonably acceptable to the
Purchaser and to deliver to the Purchaser within 14 days a copy of a written
acceptance of appointment by the process agent.

 

9.14.4            Nothing in this Agreement shall affect
the right to serve process in any other manner permitted by law or the right to
bring proceedings in any other jurisdiction for the purposes of the enforcement
or execution of any judgment or other settlement in any other courts.

 

In
witness
whereof this Agreement has been duly executed.

 

	
   

  	
   

  
	
  SIGNED by Mr. Vasile
  Bontas

  as attorney

  on behalf of Dargate Limited:

  	
  

  
	
   

  	
   

  
	
   

  	
   

  
	
  SIGNED by Ms.
  Cristina Virtopeanu

  as attorney

  on behalf of MobiFon Holdings

  B.V.:

  	
  

  

 

10

 

Table of
Contents

 

	
  Contents

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  1

  	
  Interpretation

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  
	
  2

  	
  Agreement to Sell the Shares

  	
   

  	
  3

  
	
   

  	
   

  	
   

  	
   

  
	
  3

  	
  Consideration

  	
   

  	
  4

  
	
   

  	
   

  	
   

  	
   

  
	
  4

  	
  Conditions

  	
   

  	
  4

  
	
   

  	
   

  	
   

  	
   

  
	
  5

  	
  Closing

  	
   

  	
  5

  
	
   

  	
   

  	
   

  	
   

  
	
  6

  	
  Warranties

  	
   

  	
  7

  
	
   

  	
   

  	
   

  	
   

  
	
  7

  	
  Confidentiality

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  
	
  8

  	
  Other Provisions

  	
   

  	
  10

  

 

i

 

Annex - Escrow Agreement

 

 

THIS ESCROW AGREEMENT (hereinafter referred to as the “Agreement”) has been entered into as of 30
June 2005 by and among:

 

(1)          Dargate
Limited, a company incorporated in Cyprus whose
principal place of business is at Julia House, 3 Themistocles Dervis Street,
CY-1066, Nicosia, Cyprus (the “Seller”)

 

(2)          MobiFon Holdings B.V. a company incorporated in The
Netherlands whose registered office is at Rivium Quadrant 173-177, 2090 LC
Capelle aan den IJssel, The Netherlands with its official seat in Rotterdam
(the “Purchaser”);

 

(3)          Mobifon S.A., a joint stock company incorporated in
Romania whose registered office is at 15 Charles de Gaulle Square, Sector 1,
011857 Bucharest, Romania, having the Unique Code of Registration no. 8971726
with the Trade Registry and registered no. J40/9852/1996 with the Bucharest
Trade Registry Office (the “Company”);
and

 

(4)          Radu-Alexandru
Rizoiu,
born on November 27, 1974, 
identified with I.C., series RR, No. 179186,  Personal Identification Code 1741127035005,
domiciled at 5 Alexandru Vlahuta st., building M47, entrance 3, apartment 73,
sector 3, Bucharest, Romania (the “Escrow
Agent”);

 

each of the
foregoing hereinafter, as the context requires, individually referred to as a “Party” or collectively referred to as the “Parties”).

 

WHEREAS:

 

(A)         The Seller and the Purchaser have entered into a
share purchase agreement (the “SPA”)
for the sale, and respectively, purchase, of 1,711,012 nominative shares of ROL
3,750 /RON 0.37 each in the Company (the “Shares”)
for a consideration of USD 28,100,000 (the “Closing
Amount”);

 

(B)          The Seller and the Purchaser agreed that the
execution of the SPA and of this Agreement shall take place on 30
June 2005 and the transfer of property over the Shares shall be completed
upon confirmation of receipt of the Closing Amount by the Seller’s bank (Bank
of Cyprus Limited) to be issued on 1 July 2005 (“Closing Date”);

 

(C)          The Seller and the Purchaser agreed that the
Seller shall make the necessary registration with the Company’s shareholder
register (the “Shareholders Register”)
on 30 June 2005 and shall endorse the share certificates representing all
Shares immediately after receiving confirmation from the Purchaser’s bank of
the irrevocable payment order of the Closing Amount;

 

(D)         The Seller and the Purchaser agreed that the
Purchaser will make the necessary registrations with the Shareholders Register
and shall endorse the share certificates for all Shares immediately after
receiving confirmation from the Seller’s bank of the receipt of the Closing
Amount.

 

INTENDING TO BE LEGALLY BOUND, and in
consideration of the promises and the mutual covenants and agreements contained
herein, the Parties hereby agree as follows:

 

11

 

1             Appointment

 

The Seller and
the Purchaser hereby jointly appoint the Escrow Agent to perform the duties and
tasks set forth in this Agreement and the Escrow Agent accepts such appointment
and agrees to carry out the provisions of this Agreement on its part.

 

2             Placing of documents under escrow

 

The Escrow Agent
shall hold in escrow, for the benefit of the Seller and of the Purchaser the
Shareholders Register containing the registration of the transfer of the Shares
properly endorsed by the Seller and the share certificates representing all
Shares properly endorsed for transfer by the Seller, (the “Escrow Documents”). Immediately after the
registration in the Shareholder Register and the endorsement of the share
certificates for all the Shares by the Seller, the Escrow Agent shall place the
Escrow Documents in a safe deposit box located at Company’s headquarters (the “Escrow Deposit”), in the presence of all
Parties. The Escrow Agent shall receive immediately the key to the Escrow
Deposit which is the sole existing key, as expressly acknowledged by the
Parties.

 

3             Duties of the Escrow Agent

 

(i)            Except for the cases provided at 3
(ii) and 3 (iii) below, the Escrow Agent shall not allow access to
the Escrow Documents to any of the Parties or any third party during the term
of this Agreement stated in Clause 4.

 

(ii)           The Escrow Agent shall return the key
to the safe deposit to the Company’s representative and shall allow access to
the Escrow Documents to the Parties in order for the Escrow Documents to be
signed by the Purchaser upon receipt of a faxed copy of the confirmation issued
by the Bank of Cyprus Limited of receipt of the Closing Amount in the bank
account specified by the SPA. The Seller shall procure that the faxed copy
shall be sent directly by the Seller’s bank to the following fax number:
+4021.40.20.931 to the attention of the Escrow Agent.  If the Seller receives such confirmation
prior to the Escrow Agent, the Seller shall inform the Escrow Agent
forthwith.  Receipt by the Escrow Agent
of such notice from the Seller shall have equivalent effect to the receipt of
confirmation from the Seller’s bank and, accordingly, the Escrow Agent shall be
entitled to allow access to the Escrow Documents as if such notice had been
duly received from the Seller’s bank.

 

(iii)          Upon termination of this Agreement in
accordance with Clause 5, the Escrow Agent shall deliver the key to the Escrow
Deposit to the Company’s authorised representative.

 

4             Term

 

The present
Agreement is entered for 14 days as of the precise time the Escrow Agent has
received the key to the Escrow Deposit. The precise time thereof shall be
recorded in delivery minutes signed by all Parties.

 

5             Termination

 

This Agreement is
terminated in the following cases:

 

(i)            upon expiry of its term;

 

12

 

(ii)           upon release of the Escrow Documents
subject to terms and conditions of Clause 3 (ii) above.

 

In case the term
of the Escrow Agreement has expired and the confirmation of the receipt of the
Closing Amount by the Seller’s bank was not received as provided at 3
(ii) above, all the registrations in the Shareholders Registry and the
endorsement of the share certificates for all the Shares carried out by the
Seller shall be considered null and void.

 

6             Governing Law

 

This Agreement is governed by the laws of
Romania.

 

7             Counterparts

 

This Agreement
has been executed in 4 (four) counterparts, one for each Party, all of which taken
together shall constitute one and the same instrument.

 

 

	
  Signatures:

  
	
   

  
	
  Dargate
  Limited

  
	
   

  
	
  by:
  Vasile Bontas

  
	
   

  
	
  Title:
  attorney

  
	
   

  
	
  Signature:

  	
   

  	
   

  
	
   

  
	
   

  
	
  Mobifon
  Holdings B.V.

  
	
   

  
	
  by:
  Cristina Virtopeanu

  
	
   

  
	
  Title:
  attorney

  
	
   

  
	
  Signature:

  	
   

  	
   

  
	
   

  
	
   

  
	
  Mobifon
  S.A.

  
	
   

  
	
  by:
  James Jackson

  
	
   

  
	
  Title:
  authorised representative

  
	
   

  
	
  Signature:

  	
   

  	
   

  
	
   

  
	
   

  
	
  Radu
  Rizoiu

  
	
   

  
	
  Signature:

  	
   

  	
   

  

 

13Exhibit 4.21

 

Execution Copy

 

DEED OF DISCHARGE 

 

This DEED OF DISCHARGE (this “Deed”)
is dated 5 October 2005

 

BETWEEN:

 

(1)                                  EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT, having its headquarters at One Exchange Square, London EC2A 2JN,
England (“EBRD”), duly represented for the
purposes hereof by the signatory persons indicated herein; 

 

(2)                                  EXPORT DEVELOPMENT CANADA, having its headquarters at 151 O’Connor Street, Ottawa, KlA 1K3,
Canada (“EDC”), duly represented for the
purposes hereof by the signatory persons indicated herein; 

 

(3)                                  NORDIC INVESTMENT BANK,
having its headquarters at Fabianinkatu 34, FIN-00171, Helsinki, Finland (“NIB”), duly represented for the purposes hereof by the
signatory persons indicated herein; 

 

(4)                                  ABN AMRO BANK (ROMANIA) S.A., having its headquarters at WTCB-E, 2nd Floor, 10
Montreal Square, Bucharest, District 1, Romania (“ABN”),
duly represented for the purposes hereof by the signatory persons indicated
herein;

 

(5)                                  CITIBANK ROMANIA S.A.,
having its headquarters at 8 Bvd.
Iancu de Hunedoara, District 1, 712042 Bucharest,
Romania (“Citibank”), duly represented for the
purposes hereof by the signatory persons indicated herein;

 

(6)                                  VODAFONE EUROPE B.V.,
a corporation organised and existing in accordance with the laws of The Netherlands
with its registered office located at Rivium Quadrant 173-177, 15th
floor, 2909 LC Capelle aan den IJssel, The Netherlands (“Vodafone
Europe”), duly represented for the purposes hereof by the signatory
persons indicated herein; 

 

(7)                                  MOBIFON HOLDINGS B.V.,
a company organised and existing in accordance with the laws of The
Netherlands, with its registered office located at 173-177 Rivium Quadrant,
15th floor, 2909 LC Capelle aan den Ijssel,
The Netherlands (“MobiFon Holdings”),
duly represented for the purposes hereof by the signatory persons indicated
herein;

 

(8)                                  ERIK ANTONIUS JACOBUS DE RIJK, a citizen of the Netherlands, identified with Passport no.
NC4732289, issued by the Dutch authorities on 13 June 2002, born on 5 March 1960
in the Hague, domiciled at Eisenhowerlaan 47, 2517 KK., The Hague, The
Netherlands (“De Rijk”); 

 

(9)                                  MARIA MEELTJE BAKKER, a citizen of the Netherlands, identified with Passport no.
NC2716722, issued by the Dutch authorities on 24 May 2002, born on 16 May 1973
in Schiedam, domiciled at Banierhof 8, 3032 PM, Rotterdam, The Netherlands (“Bakker”);

 

1

 

(10)                            MICHAEL LUDOVICUS JOSEPHUS MARIA HEERE, a 
citizen of the Netherlands, identified with Passport no. NC9499178,
issued by the Dutch authorities on 7 August 2002, born on 11 December 1962 in Breda, domiciled at Ruychroklaan 128, 2597 ES, The Hague, The Netherlands (the “Heere”); 

 

(11)                            MOBIFON S.A., a joint
stock company duly existing and organized under the laws of Romania, having its
headquarters at 15 Charles de Gaulle Plaza, District 1, 011857, Bucharest,
Romania (the “Borrower”), and duly represented
for the purposes hereof by the signatory persons indicated herein.

 

WHEREAS:

 

(A)                              EBRD and the Borrower entered into a loan agreement dated 27 August 2002
(, as amended, the “EBRD Loan Agreement”)
pursuant to which EBRD agreed to provide certain credit facilities in the
principal amount of up to U.S. $230,000,000 to the Borrower pursuant to the
terms thereof.

 

(B)                                EDC and the Borrower entered into a loan agreement dated 27 August 2002
(, as amended, the “EDC Loan Agreement”)
pursuant to which EDC agreed to provide certain credit facilities in the
principal amount of up to U.S. $35,000,000 to the Borrower pursuant to the terms
thereof.

 

(C)                                NIB and the Borrower entered into a loan agreement dated 27 August 2002
(, as amended, the “NIB Loan Agreement”)
pursuant to which NIB agreed to provide certain credit facilities in the
principal amount of up to U.S. $35,000,000 to the Borrower pursuant to the
terms thereof.  

 

(D)                               The obligations of the Borrower under the Senior Loan Agreements and
the other Financing Agreements have been secured by security interests created
pursuant to the Security Documents.

 

(E)                                 The Borrower has entered into a Facility Agreement (the “Facility Agreement”) pursuant to which the
New Lenders have agreed to provide to the Borrower certain credit facilities
to, inter alia, enable the Borrower to
discharge all obligations of the Borrower under the Financing Agreements.

 

(F)                                 On September 27, 2005, the Borrower repaid in full to the Agent
of the Senior Lenders under the EBRD Loan Agreement, EDC Loan Agreement, NIB
Loan Agreement, all the amounts outstanding under the Financing Agreements;

 

(G)                                In consideration of the repayment in full of all amounts due under
the Senior Loan Agreements and the other Financing Agreements, the Senior
Lenders have agreed to discharge the Borrower, the other Security Parties and
all other persons who are parties to any of the Financing Agreements from all
of their respective obligations under the Senior Loan Agreements, the Security
Documents and the other Financing Agreements.

 

2

 

(H)                               To give effect to the discharge referred to in Recital ((G)) above,
the Senior Lenders have agreed to execute this Deed.

 

NOW, THEREFORE, the parties hereto agree as follows:

 

ARTICLE 1 - DEFINITIONS

 

Section 1.01.                         Definitions

 

All
capitalised terms used herein and not otherwise defined will have the meaning
ascribed to them in the EBRD Loan Agreement.

 

In this Deed,
the following terms have the following meanings:

 

	
  “Agent”

  	
   

  	
  means
  ABN AMRO Bank NV.

  
	
   

  	
   

  	
   

  
	
  “Assignment
  of Receivables”

  	
   

  	
  means
  the agreement referred to in paragraph 13 of Schedule 1.

  
	
   

  	
   

  	
   

  
	
  “Attorney”

  	
   

  	
  has
  the meaning given to it in Section 3.01(a).

  
	
   

  	
   

  	
   

  
	
  “Business
  Day”

  	
   

  	
  means
  a day (other than a Saturday or Sunday) on which commercial banks and foreign
  exchange markets are open for the transaction of general business in the
  interbank market for US Dollars in London, England, on which commercial banks
  and foreign exchange markets settle payments in US Dollars in New York and on
  which the Trans-European Automated Real-Time Gross Settlement Express
  Transfer (TARGET) System is open.

  
	
   

  	
   

  	
   

  
	
  “Donors”

  	
   

  	
  has
  the meaning given to it in Section 3.01(a).

  
	
   

  	
   

  	
   

  
	
  “EBRD
  Loan Agreement”

  	
   

  	
  has
  the meaning given to it in Recital A.

  
	
   

  	
   

  	
   

  
	
  “EDC
  Loan Agreement”

  	
   

  	
  has
  the meaning given to it in Recital B.

  
	
   

  	
   

  	
   

  
	
  “Effective
  Date”

  	
   

  	
  means
  the date when the last signatory hereto executes this Deed.

  
	
   

  	
   

  	
   

  
	
  “English
  Security Documents”

  	
   

  	
  means
  the Insurance Assignment, the Offshore Account Charge and any other
  instrument (other than the Romanian Security Documents) creating a security
  interest in favour of any of the Senior Lenders or the Working Capital
  Lenders to secure the obligations of the Borrower or any other Security Party
  under the Financing Agreements.

  

 

3

 

	
  “Facility
  Agreement”

  	
   

  	
  means
  the €200,000,000 facility agreement entered into between the Borrower and
  each of the New Lenders on 2 September 2005.

  
	
   

  	
   

  	
   

  
	
  “Financing
  Agreements”

  	
   

  	
  means
  all documents listed in Schedule 1 and any other agreements entered into
  between the Borrower or any other party on one hand and any of the Senior
  Lenders, Working Capital Lenders or the Agent, on the other hand in relation
  to the Senior Loan Agreements, as well as any other documents defined as
  Financing Agreements under the Senior Loan Agreements.

  
	
   

  	
   

  	
   

  
	
  “Insurance
  Assignment”

  	
   

  	
  means
  the agreement referred to in paragraph 10 of Schedule 1.

  
	
   

  	
   

  	
   

  
	
  “New
  Lenders”

  	
   

  	
  means
  Bank Austria Creditanstalt AG, Citibank, N.A., Commerzbank
  Aktiengesellschaft, ING Bank N.V., Raiffeisen Zentralbank Österreich AG,
  Citibank Ireland Financial Services plc, each as lender under the Facility
  Agreement.

  
	
   

  	
   

  	
   

  
	
  “NIB
  Loan Agreement”

  	
   

  	
  has
  the meaning given to it in Recital C.

  
	
   

  	
   

  	
   

  
	
  “Offshore
  Accounts Charge”

  	
   

  	
  means
  the document referred to in paragraph 14 of Schedule 1.

  
	
   

  	
   

  	
   

  
	
  “Romanian
  Security Documents”

  	
   

  	
  means
  the Security Agreement over Shares, the Security Agreement over Accounts, the
  Security Agreement over Movables, the Assignment of Receivables and any other
  instrument creating a security interest under the laws of Romania in favour
  of any of the Senior Lenders, or the Working Capital Lenders to secure
  obligations of the Borrower or any other Security Party under the Financing
  Agreements.

  
	
   

  	
   

  	
   

  
	
  “Security
  Agreement over Accounts”

  	
   

  	
  means
  the agreement referred to in paragraph 12 of Schedule 1.

  
	
   

  	
   

  	
   

  
	
  “Security
  Agreement over Movables”

  	
   

  	
  means
  the agreement referred to in paragraph 9 of Schedule 1.

  
	
   

  	
   

  	
   

  
	
  “Security
  Agreement over Shares”

  	
   

  	
  means
  each of the document referred to in paragraphs 11 of Schedule 1.

  
	
   

  	
   

  	
   

  

 

4

 

	
  “Security
  Documents”

  	
   

  	
  means
  the English Security Documents and the Romanian Security Documents.

  
	
   

  	
   

  	
   

  
	
  “Security
  Parties”

  	
   

  	
  means
  the Borrower, the Shareholders and any other person which has provided
  security pursuant to, or is otherwise bound by, any of the Security
  Documents.

  
	
   

  	
   

  	
   

  
	
  “Senior
  Lenders”

  	
   

  	
  EBRD,
  EDC and NIB as lenders under the Senior Loan Agreements.

  
	
   

  	
   

  	
   

  
	
  “Senior
  Loan Agreements”

  	
   

  	
  means
  the EBRD Loan Agreement, the EDC Loan Agreement and the NIB Loan Agreement.

  
	
   

  	
   

  	
   

  
	
  “Shareholders”

  	
   

  	
  means
  Vodafone Europe, MobiFon Holdings, De Rijk, Bakker and Heere.

  
	
   

  	
   

  	
   

  
	
  “Working
  Capital Lenders”

  	
   

  	
  means
  ABN and Citibank.

  

 

Section 1.02.                         Interpretation

 

In this
Deed:

 

(a)  unless
the context otherwise requires, words denoting the singular include the plural
and vice versa, words denoting persons include natural and legal persons,
corporations, partnerships and other legal persons and references to a person
includes its successors and permitted assigns;

 

(b)  a
reference to a specified Article, Section or Schedule shall be
construed as a reference to that specified Article, Section or Schedule of
this Agreement;

 

(c)  a
reference to an agreement (including, for the avoidance of doubt, references to
the Financing Agreements in the Recitals, Section 1.01, Schedule 1
and elsewhere in this Deed, whether followed by the details of a particular
amendment or not), law, statute, decree, regulation or other legal instrument
shall be construed as a reference to such agreement, law, statute, decree,
regulation or other legal instrument as the same may be amended, varied,
supplemented, novated, assigned or re-enacted from time to time;

 

(d)  the
headings are inserted for convenience of reference only and shall not affect
the interpretation of this Deed;

 

(e)  the
expression “including” shall be construed as meaning “including without
limitation”, unless the context otherwise requires; and

 

(f)  references
to “law” include references to any applicable common or customary law and any
treaty, constitution, statute, legislation, decree, normative act, rule,
regulation, judgement, order, writ, injunction, determination, award or other
legislative or administrative measure or judicial or arbitral decision in any
jurisdiction which has the force of law or the compliance with which is in
accordance with general practice in such jurisdiction.

 

5

 

ARTICLE 2 - DISCHARGE

 

Section 2.01.                         Discharge
of Security under English Security Documents

 

(a)  With
effect from the Effective Date of this Deed, the Senior Lenders and the Working
Capital Lenders hereby surrender, release and reconvey to the Borrower (or to
the relevant Security Party) all right, title and interest of the Borrower (or,
as the case may be, of such Security Party) in and to, and release and
discharge all pledges, mortgages and other security interests created pursuant
to any of the English Security Documents over any assets of the Borrower or any
Security Party which are subject to the English Security Documents, in each
case as at the Effective Date.

 

(b)  Subject
to Section 2.02(b), the Senior Lenders and the Working Capital Lenders
hereby acknowledge that, as of and from the Effective Date each of the Security
Parties shall be discharged from the English Security Documents and shall have
no further rights, titles, interests, duties, obligations or any liabilities
whatsoever thereunder.  

 

Section 2.02.                         Termination
of the Financing Agreements

 

(a)  The
parties hereto agree that each of the Senior Loan Agreements, English Security
Documents and the other Financing Agreements (other than the Romanian Security
Documents) shall terminate and be of no further effect as of the Effective Date.

 

(b)  Notwithstanding
Section 2.02(a) but without prejudice to Section 2.01(a), no
party (other than the Senior Lenders) to any of the Financing Agreements shall
be released or discharged from claims that any Senior Lender may have against
it in respect of any of the Financing Agreements (other than the Romanian
Security Documents) arising prior to the Effective Date, including, without limitation,
any claims that the Senior Lenders may have against the Borrower in respect of
unwinding costs and other amounts that may become due from the Borrower in
connection with the repayment by the Borrower of the amounts outstanding under
the Financing Agreements.

 

(c)  Each
of the parties hereto (other than the Senior Lenders) hereby acknowledges that
it does not have any claims against any of the Senior Lenders under any of the
Financing Agreements (other than the Romanian Security Documents) and waives
and undertakes to waive any rights that it may have with respect to such
claims.

 

Section 2.03.                         Discharge
of Security under Romanian Security Documents

 

(a)  With
effect from the Effective Date of this Deed, the Senior Lenders and the Working
Capital Lenders hereby release and discharge all pledges, mortgages and other
security interests created pursuant to any of the Romanian Security Documents
over any assets of the Borrower or of any Security Party which are subject to
the Romanian Security Documents, in each case as of the Effective Date.

 

(b)  Subject
to Section 2.04(b), the Senior Lenders and the Working Capital Lenders
hereby acknowledge that, as of and from the Effective Date each of the Security
Parties shall be

 

6

 

discharged
from the Romanian Security Documents and shall have no further rights, titles,
interests, duties, obligations or any liabilities whatsoever thereunder.

 

Section 2.04.                         Termination
of Romanian Security Documents

 

(a)  The
parties hereto agree that each of the Romanian Security Documents shall
terminate and be of no further effect as of the Effective Date.  

 

(b)  Notwithstanding
Section 2.04(a) but without prejudice to Section 2.03(a), no
party (other than the Senior Lenders) to any of the Romanian Security Documents
shall be released or discharged from claims that any Senior Lender may have
against it in respect of such Romanian Security Documents arising prior to the Effective
Date.

 

(c)  Each
of the parties hereto (other than the Senior Lenders) hereby acknowledges that
it does not have any claims against any of the Senior Lenders under any of the
Romanian Security Documents and undertakes to waive any rights that it may have
with respect to such claims.

 

ARTICLE 3 - POWER OF ATTORNEY

 

Section 3.01.                         Scope
of the Power of Attorney

 

(a)  Each
of the Senior Lenders, the Borrower and the Shareholders (the “Donors”) shall execute a separate power of attorney (in notarised
and appostiled format) which shall irrevocably authorise Cristiana I. Stoica
and Radu Rizoiu (the “Attorneys”) to
take all steps and to perform all acts necessary (including but not limited to
signing in the name and on behalf of any or all of the Donors any and all
instruments as may be necessary or desirable) in connection with the
surrenders, discharges and releases of pledges, mortgages and other security
interests, reconveyance of rights and titles and the termination of the
Financing Agreements contemplated in this Deed (the “Discharge”),
and:

 

(i)                                     to execute, deliver and file security release letters and other
documents (including financing statements referred to in Section 3.01(b))
for the purposes of registration of the Discharge with the Electronic Archive
of Security Interests in Personal Property in accordance with Romanian law;

 

(ii)                                  to register in the shareholders register and other applicable books
of the Borrower the Discharge in relation to the Security Agreement over Shares
and endorse the share certificates representing shares in the capital of the
Borrower to give effect to such Discharge; 

 

(iii)                               to notify parties to the Financing Agreements and all other parties
concerned of the Discharge;  and

 

(iv)                              to do whatever is necessary for the purposes of performing the
mandate given under such power of attorney.

 

7

 

(b)  The
Borrower undertakes to deliver to the Attorneys all necessary financing
statements or other security interest registration certificates promptly upon
receiving a request therefor from the Attorneys.

 

Section 3.02.                         Power
to Notify

 

Each of the
Donors hereby irrevocably authorises the Attorneys to notify parties to the
Financing Agreements and any other concerned parties of the Discharge,
including, without limitation, the Collection Banks, the Claims Agents (as such
terms are defined in the Accounts Agreement) and enter with such parties into
such agreements and arrangements as may be necessary or desirable to give
effect to the Discharge.

 

Section 3.03.                         Substitute

 

The Attorneys
shall have (i) power by writing under each Attorney’s hand to appoint any
lawyer employed by STOICA & Asociatii as a substitute who shall
have power to act on behalf of the Donors as if he or she shall have been
originally appointed an Attorney by the power of attorney referred to in Section 3.01
or authorised as an Attorney in accordance with Section 3.02 and (ii) power
to revoke any such appointment at any time and for any reason.

 

Section 3.04.                         Instructions
of the Donors

 

(a)                                  In exercising the powers of attorney referred to in Sections 3.01,
3.02 and 3.03 above, the Attorneys shall at any time be entitled to seek
instructions from any of the Donors.

 

(b)                                 The Attorneys shall, as soon as practicable, inform all the other
Donors regarding the instructions received from a Donor. 

 

ARTICLE 4 - MISCELLANEOUS

 

Section 4.01.                         Execution,
Delivery and Effectiveness

 

(a)  This
Deed had been executed by the parties hereto on various dates and delivered by
all parties hereto on the date first above written, which is the date when the last
execution has taken place.  

 

(b)  This
Deed does not become effective in respect of any of the parties until such time
as it is executed and delivered by all parties hereto (the “Effective Date”).

 

Section 4.02.                         Governing
Law 

 

This
Deed, except for Sections 2.03 and 2.04 shall be governed by and construed in
accordance with the laws of England. 
Sections 2.03 and 2.04 of this Deed shall be governed by and construed
in accordance with the laws of Romania.

 

8

 

Section 4.03.                         Counterparts

 

This Deed may
be executed in several counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument.

 

 

IN WITNESS WHEREOF, the parties hereto, acting through their duly authorised
representatives, have caused this Deed to be executed and delivered as a deed
in their respective  names.

 

 

	
  EUROPEAN
  BANK FOR

  RECONSTRUCTION AND

  DEVELOPMENT

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
  Date:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
	
  Date:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  NORDIC
  INVESTMENT BANK

  	
  EXPORT
  DEVELOPMENT CANADA

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
  Date:

  	
  Date:

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
  Date:

  	
  Date:

  

 

9

 

	
  ABN
  AMRO BANK (ROMANIA) S.A.

  	
  CITIBANK
  ROMANIA S.A.

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
  Date:

  	
  Date:

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
  Date:

  	
  Date:

  
	
   

  	
   

  
	
   

  	
   

  
	
  VODAFONE
  EUROPE B.V.

  	
  MOBIFON
  HOLDINGS B.V.

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
  Date:

  	
  Date:

  
	
   

  	
   

  
	
   

  	
   

  
	
  ERIK ANTONIUS JACOBUS DE RIJK

  	
  MARIA MEELTJE BAKKER

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
  Name:

  
	
  Title:

  	
  Title:

  
	
  Date:

  	
  Date:

  
	
   

  	
   

  
	
   

  	
   

  
	
  MICHAEL LUDOVICUS JOSEPHUS

  	
  MOBIFON
  S.A.

  
	
  MARIA HEERE

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  Name:

  
	
  Name:

  	
  Title:

  
	
  Title:

  	
  Date:

  
	
  Date:

  	
   

  

 

10

 

SCHEDULE 1

 

FINANCING AGREEMENTS

 

	
  (1)

  	
   

  	
  EBRD Loan Agreement (as defined in Recital A).

  
	
   

  	
   

  	
   

  
	
  (2)

  	
   

  	
  EDC Loan Agreement (as defined in Recital B).

  
	
   

  	
   

  	
   

  
	
  (3)

  	
   

  	
  NIB Loan Agreement (as defined in Recital C).

  
	
   

  	
   

  	
   

  
	
  (4)

  	
   

  	
  Agency Agreement dated 27 August 2002 between the Borrower, ABN AMRO Bank
  N.V., EBRD, EDC and NIB.

  
	
   

  	
   

  	
   

  
	
  (5)

  	
   

  	
  Share Retention and Subordination Deed dated 27 August 2002 among the Borrower, Telesystem
  International Wireless Inc., Telesystem International Wireless Corporation
  N.V., Vodafone Europe B.V., Clearwave N.V., Clearwave Holdings N.V., Vodafone
  Technical Services, EDC, NIB, EBRD.

  
	
   

  	
   

  	
   

  
	
  (6)

  	
   

  	
  Power of Attorney dated 27 August 2002 by the Borrower and the shareholders of
  the Borrower at the time.

  
	
   

  	
   

  	
   

  
	
  (7)

  	
   

  	
  Powers of Attorney dated various dates following 27 August 2002 by certain
  shareholders of the Borrower, substantially in the form of the Power of
  Attorney referred to in paragraph 6 above.

  
	
   

  	
   

  	
   

  
	
  (8)

  	
   

  	
  Security Sharing and Intercreditor
  Agreement dated 27 August 2002 among,
  inter alia, ABN AMRO Bank
  (Romania) S.A., Citibank Romania S.A., the Senior Lenders.

  
	
   

  	
   

  	
   

  
	
  (9)

  	
   

  	
  Security Agreement over Movables dated 27 August 2002 among the Senior Lenders and the
  Borrower.

  
	
   

  	
   

  	
   

  
	
  (10)

  	
   

  	
  Insurance Assignment dated 27 August 2002
  between the Borrower, EBRD, EDC, NIB and the Hedge Providers.

  
	
   

  	
   

  	
   

  
	
  (11)

  	
   

  	
  Security Agreement over Shares dated 27 August 2002 between the Senior Lenders, the Borrower
  and shareholders of the Borrower from time to time.

  
	
   

  	
   

  	
   

  
	
  (12)

  	
   

  	
  Security Agreement over Accounts dated 27 August 2002 between the Senior Lenders, the Borrower
  and certain financial institutions.

  
	
   

  	
   

  	
   

  
	
  (13)

  	
   

  	
  Assignment of Receivables dated 27 August 2002 between the Senior Lenders and the
  Borrower.

  
	
   

  	
   

  	
   

  
	
  (14)

  	
   

  	
  Offshore Accounts Charge dated 27 August 2002 between, inter alia, EBRD, EDC, NIB, ABN AMRO Bank (Romania) S.A.,
  Citibank Romania S.A., Raiffeisen Bank S.A., HVB Bank Romania S.A. and
  Cibernet.

  

 

11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}]]