Document:

Amendment Agreement No. 2

 Exhibit 10.4 
  
 Note: Portions of this exhibit indicated by [*] are subject to a confidential treatment request, and have been omitted from this exhibit.
Complete, unredacted copies of this exhibit have been filed with the Securities and Exchange Commission as part of the Company’s confidential treatment request. 
  
 “AMENDMENT AGREEMENT NO. 2” 
  
 This Amendment Agreement No. 2 to the FWA PLA and the FWA TASS, dated as of April 20, 2004 (the “Amendment Agreement No.
2”), is entered by and between Airspan Communications Limited (“Airspan”) and Axtel, S.A. de C.V. (“Axtel”) 
  
 WHEREAS, Axtel and Nortel Networks Limited (“NN Limited”) and Nortel Networks de México, S.A. de C.V.
(“NN Mexico” and, collectively with NN Limited, “Nortel Networks”) entered into a Purchase and License Agreement for FWA Equipment dated March 20, 2003, which was subsequently amended by Amendment No.
1 dated September 15, 2003 and by the Change Order dated December 5, 2003 (the “FWA PLA”); 
  
 WHEREAS, Nortel Networks and Axtel entered into a Technical Assistance Support Services Agreement for FWA Equipment dated March 20, 2003 (the “FWA
TASS”); 
  
 WHEREAS, Nortel Networks, Airspan and Axtel
entered into an Assignment and Assumption Agreement dated December 23, 2003, by virtue of which Nortel Networks assigned all of its rights and obligations under the FWA PLA and the FWA TASS to Airspan (the “Assignment
Agreement”); 
  
 WHEREAS, Airspan and Axtel (hereinafter
referred to collectively as the “Parties” and individually as a “Party”) have been in discussions regarding several topics under the FWA PLA and the FWA TASS, including the delivery, volume purchase
commitments, prices and payment terms of equipment and services, with the intent of setting forth their agreements on such topics in an amendment to the FWA PLA and the FWA TASS; 
  
 WHEREAS, the Parties, in light of the foregoing, wish to amend the FWA PLA and the FWA TASS in accordance with the terms contained
herein. 
  
 NOW THEREFORE, in light of the foregoing and pursuant to
mutual covenants and agreements of which the Parties acknowledge sufficient consideration, they hereby agree as follows: 
  
 1. DEFINITIONS AND EFFECTIVENESS. 
  
 1.1 Capitalized terms not specifically defined in this Amendment Agreement No. 2 shall have the meaning ascribed to them in the FWA PLA and the FWA TASS, as the case may
be. 

 1.2 The Parties hereby agree that this Amendment Agreement No. 2 shall become binding on each Party upon its execution.

  

	2.	GENERAL AGREEMENTS AND AMENDMENTS TO THE FWA PLA. 

  

	2.1	New Purchase Commitment. The Parties hereby agree to cancel Axtel’s existing Purchase Commitment set forth in Sections 1a) and 2a) of Annex H of the FWA PLA, for
the purchase of RSS equipment and Base Stations units for the years 2005, 2006 and 2007, and agree to new Purchase Commitments by Axtel, as follows: 

  

	 	(i)	First Commitment. A commitment to purchase and take Delivery of US$[*] of FWA Equipment, commencing from the date of this Amendment Agreement No. 2 and ending on December
31st, 2005 (“First Commitment”). The New Incremental Orders set forth in Section 5 of this
Amendment Agreement No. 2, shall be included as part of Axtel’s commitment under this section. 

  

	 	(ii)	Second Commitment. A commitment to purchase and take Delivery of US$[*] of any of Airspan’s products, commencing from January 1st, 2006 and ending on May 1st, 2006 (“Second Commitment”). Any purchases made by Axtel in an amount in excess of the amount of the First Commitment, shall be accounted for as an Axtel purchase under the Second Commitment. 

  

	 	(iii)	In order for Airspan to continue its obligation to supply FWA Equipment beyond 1st May 2006, Axtel will be required to place and maintain orders of 2000 RSS units a month from 1st February 2006. 

  

	 	(iv)	With respect to the commitments mentioned above, in order for Axtel to take Delivery of the equipment purchased, Airspan shall deliver such equipment pursuant to the delivery terms
set forth in the FWA PLA as amended herein. 

  
 The First Commitment
and Second Commitment (hereinafter collectively referred to as the “New Purchase Commitments”) are in addition to the Purchase Commitments for RSS equipment and Base Stations units for years 2003 and 2004 set forth in Annex H
of the FWA PLA. As of this date, Axtel has already placed orders with Airspan in quantities and for deliveries that are sufficient to comply with the required Purchase Commitments for years 2003 and 2004. 
  

 2 

	2.2	New Payment Terms and Cancellation of Payment Guarantee.  

  

	2.2.1	New Payment Terms. The Parties hereby amend the FWA PLA, by agreeing to the payment terms set forth in this section 2.2: 

  

	 	(i)	For any new Orders issued by Axtel after the date of this Amendment Agreement No2 for Delivery of equipment during 2004, Axtel will pay the Price as follows:

  
 [*] Within five (5) days after
the delivery of the Order; 
  
 [*] Upon Delivery
of the Product(s). 
  

	 	(ii)	For all Orders issued by Axtel for Delivery of equipment after the end of 2004, Axtel will pay the Price as follows: 

  
 [*] Within five (5) days after the delivery of the Order;

  
 [*] Upon Delivery of the Product(s).

  

	2.2.2	Payment Guarantee. Notwithstanding the payment guarantee provisions set forth in the FWA PLA, the parties hereby agree to cancel Axtel’s obligations set forth in
the FWA PLA to provide a payment guarantee (a letter of credit) to Airspan to secure the payments to be made under the FWA PLA. Therefore, the Parties hereby agree that from the date of the execution of this Amendment Agreement No. 2, Axtel shall
not be required to provide to Airspan any type of payment guarantee (including letters of credit) to secure its payments under the FWA PLA (including to secure the payments of the New Incremental FWA Equipment mentioned in Section 5 of this
Amendment Agreement No. 2). 

  

	2.3	New Method of Payment. The Parties hereby agree that any payments to be made under the FWA PLA, as amended (including the payments of the New Incremental
Orders), and FWA TASS as amended shall be made when due by wire transfer (electronic or telegraphic) or by any other form of payment (such a letter of credits), in immediately available funds, to Airspan’s bank account, as follows:

  

			
	 Bank:
	  	[*]
	 Sort Code:
	  	30-99-80
	 Account Name:
	  	Airspan Communications Limited
	 Account No:
	  	[*]
	 Further Instructions:
	  	Reference Axtel
	 	  	 P.O. No.             ,
 Payment of Invoice No.             .

  

 3 

	2.4	Delivery of Equipment.  

  

	2.4.1	The Parties hereby amend Annex J of the FWA PLA, by agreeing to the following delivery times for Products ordered under such agreement, as from the date of this Amendment Agreement
No. 2: 

  

	 	(i)	RSS Delivery Times: RSS deliveries in 2004 will be delivered as per Attachment B. RSS deliveries in 2005 shall occur [*] months after Purchase Order acceptance by
Airspan provided that such delivery profile will not require Airspan to deliver more in a given month than [*] or less than [*] of the volume of RSS delivered in the previous month. In the event that a delivery profile is requested by AXtel that
does not meet this criterion, Airspan will make commercially reasonable efforts to meet the request 

  

	 	(ii)	RBS Delivery Times: RBS Delivery Times: RBS deliveries in 2004 will be delivered as per Attachment B. RBS deliveries in 2005 shall occur [*] months after Purchase
Order acceptance by Airspan provided that such delivery profile will not require Airspan to deliver more in a given month than [*] or less than [*] of the volume of RBS modules delivered in the previous month. In the event that a delivery profile is
requested by AXtel that does not meet this criterion, Airspan will make commercially reasonable efforts to meet the request 

  

	 	(iii)	RSS Delivery Location: RSS shall be delivered at the Airspan Logistics Operating Center for North America (currently Dallas Texas), subject to section (iv) below. .
Airspan reserves the right to relocate its RSS manufacturing site if necessary to achieve its current or future business objectives. However, any changes in RSS manufacturing location should not materially increase AXtel’s Mexican import duty
liability. 

  

	 	(iv)	Airspan will make commercially reasonable efforts to secure a Satisfactory Virtual Export Process whereby the RSS equipment will be delivered at the current RSS manufacturing site
(Solectron Guadalajara) at the same prices set forth in this Amendment Agreement No. 2, so long as there is no increase in cost to Airspan. 

  

	2.4.2	Notwithstanding the foregoing, the Parties have agreed to set special delivery terms for the New Incremental Orders set forth in Attachment B of this Amendment Agreement No. 2, and
therefore the delivery terms applicable to such New Incremental Orders shall be those set forth in such Attachment “B”. 

  

	2.4.3	Changes in the Payment Terms for Delay in the Delivery of Products. The Parties hereby agree that the Payment Terms for RSS Equipment and for Radio Base Station
Equipment set forth in this Amendment Agreement No. 2, will be modified automatically per each Trigger Event (as defined below), as follows: 

  
 Upon the occurrence of a Trigger Event and with respect to Orders (for RSS and RBS) placed by Axtel after such event, the payment terms for such Products
will be modified automatically, as follows: 
  

	 	(i)	The first payment for such equipment (due upon acceptance of the Order) will be reduced [*]. 

  

 4 

	 	(ii)	The last payment for such equipment (due upon shipment of the Order) will be increased in [*]. 

  
 (for example, after the first Trigger Event (if this occurs in 2004) the payment terms will be [*] upon acceptance of the
Order (instead of [*]) and [*] upon Delivery (instead of [*])) 
  
 Trigger Event: a Trigger Event shall occur if Airspan shall fail to make Delivery of the Products within 30 days of the due date for Delivery in accordance with the delivery terms set forth in the FWA PLA (as amended by this
Amendment Agreement No. 2) with respect to three (3) Orders, regardless whether or not such Orders are placed consecutively; provided that the 30 day period shall be extended where the failure is caused by Force Majeure, by the number of days for
which the Force Majeure is in existence. 
  
 Immediately upon the
occurrence of a Trigger Event, Axtel shall provide written notice to Airspan that such Trigger Event has occurred. The Parties hereby agree that if, following the notification by Axtel of a Trigger Event, Airspan makes Deliveries in the following
three (3) consecutive months without the occurrence of another Trigger Event, the payment terms applicable for the Orders placed by Axtel after such date shall be those applicable pursuant the payment terms set forth in section 2.2 of this Amendment
Agreement No. 2. 
  

	2.5	New Equipment Prices and Other Fees 

  

	 	(i)	The Parties hereby agree that the Prices payable with respect to equipment purchased under the FWA PLA under Orders placed after the date of this Amendment Agreement No. 2, will be
as set forth in sections 2.5 and 2.6, and that Annex “F” of the FWA PLA is accordingly amended with respect to such purchases. 

  

	 	(ii)	All prices quoted in this Amendment Agreement No. 2 are in US dollars. The Prices for the RSS are CIP Dallas, for which a 0.6% charge for freight and duty will be made to Axtel by
Airspan for all orders placed from the date of this Amendment Agreement No. 2 for RSS to be delivered in 2004. For Orders for delivery after 2004 the prices paid will not include the C.I.P charge of 0.6%. 

  

	 	(iii)	RSS Equipment Price Reduction. The Parties hereby amend the prices of the RSS Equipment, as follows: 

  

	 	(a)	[*] for one F2 RSS Kit. 

  

	 	(b)	[*] for one F5 RSS Kit (including the RDA Kit). 

  
 The new RSS Equipment Prices set forth herein are applicable for any new Order placed by Axtel from the date of this Amendment Agreement No. 2.

  

 5 

	 	(iv)	RBS Equipment Price Reduction. The Parties hereby amend the prices of the Base Stations units, as follows: 

  

	 	(a)	For Orders for Delivery in 2004: 

  

	 	(1)	[*] for one 18B Base Station Unit, without antennas. 

  

	 	(2)	[*] for one 27B Base Station Unit, without antennas. 

  

	 	(b)	For Orders for Delivery after 2004: 

  

	 	(1)	[*] for one 18B Base Station Unit, without antennas. 

  

	 	(2)	[*] for one 27B Base Station Unit, without antennas. 

  
 The new RBS Equipment Prices set forth herein are applicable for any new Order placed by Axtel from the date of this Amendment Agreement No. 2.

  

	 	(v)	New PDS Software Upgrade Fee. The Parties hereby amend the FWA PLA, by modifying the price of the FWA Packet Data Software and Hardware (Cell Site Packet Data Software
Activation Fee and two TPM-PDs), as follows: 

  

	 	(a)	For all Orders issued by Axtel under this Amendment Agreement No. 2 for Delivery of the FWA Packet Data Software and Hardware during 2004, the price shall be as follows:

  

	 	(1)	[*] (this price includes the Cell Site Packet Data Software Activation Fee and two TPM-PDs). 

  

	 	(2)	[*] per each additional TPM-PD card. 

  

	 	(b)	For all Orders issued by Axtel under this Amendment Agreement No. 2 for Delivery of FWA Packet Data Software and Hardware after 2004, the price shall be as follows:

  

	 	(1)	[*] (this price includes the Cell Site Packet Data Software Activation Fee and two TPM-PDs). 

  

	 	(2)	[*] per each additional TPM-PD card. 

  

	 	(c)	PDS Software Upgrade Delivery Times: with respect to each Order placed for PDS Software Upgrade, Airspan shall deliver 

  

 6 

 such PDS Software Upgrade for Orders placed for Delivery in 2004, within five (5) months after the
acceptance of the respective Order, and for Orders placed for Delivery after 2004, within four (4) months after the acceptance of the respective Order. Provided that, Airspan shall be obligated to deliver only up to 45 PDS Software Upgrade per
month, any additional amount of PDS Software Upgrade scheduled for delivery for such month shall be delivered in the followings months pursuant this delivery limit of 45 PDS Software Upgrade per month, unless is otherwise agreed in writing by the
Parties. 
  

	 	(vi)	Prices for Spare Parts. The initial Spare Parts ordered in Attachment B shall be the prices listed in section 6 of Annex F, less a discount of [*].

  

	2.6	Single Product – RSS Equipment. Airspan hereby proposes to develop and manufacture a new single unit of RSS equipment (the “New FWA RSS
Unit”), and to supply the New FWA RSS Unit to Axtel from April 1st, 2005 (the “New Equipment
Commercial Launch”) The purchase and sale of the New FWA RSS Unit shall be subject to the following terms and conditions: 

  

	 	(i)	Specifications, Functionality and Service Quality. As of the date of this Amendment Agreement No. 2, the Parties have not formally agreed upon the specifications of
the New FWA RSS Unit (“Specifications”). 

  
 Notwithstanding the foregoing, the New FWA RSS Unit shall have at least the same form, function and fit of both of the current RSS Equipment jointly (the F2 and F5 RSS equipment), pursuant the Specifications provided
to Axtel by Airspan and Nortel Networks (as the former manufacturer). 
  
 Accordingly, the Parties agree as follows: 
  

	 	(a)	that by April 30, 2004, Airspan shall propose the Specifications to Axtel. In particular, Airspan will propose a revised RPCU, which may include a remote battery backup instead of
an Integrated Battery Backup. In accordance with the foregoing, Airspan shall provide to Axtel the following: 

  

	 	(i)	the Specifications of the New FWA RSS Unit; 

  

	 	(ii)	a list with all the differences between the Specifications of the current FWA RSS equipment and the New FWA RSS Unit; 

  

	 	(iii)	Airspan shall provide the Product Development Schedule, in which shall be identified all the milestones with its correspondent target dates. 

  

 7 

	 	(b)	that by May 31, 2004, or such other date as the Parties may agree to in writing, Axtel and Airspan shall have agreed in writing upon the Specifications (the “Agreed
Specifications”) and the acceptance procedure to be performed by the Parties under the First Market Application. The Agreed Specifications and the acceptance procedure shall then become a part of the FWA PLA, 

 

	 	(c)	Airspan shall monthly inform Axtel the advance and/or delays of the development of the New FWA RSS Unit pursuant the Product Development Schedule agreed by the Parties. In addition
to the foregoing, Axtel will have the right to visit Airspan’s installations in order to review and evaluate the advances achieved by Airspan in the development of the New FWA RSS Unit. 

  

	 	(d)	Airspan will provide a number of 15 New RSS Units to Axtel by January 30th 2005 in order for Axtel to perform and have completed no later than March 15th 2005 a First Market Application of the New FWA RSS Unit before the New Equipment Commercial Launch, The New FWA RSS Unit shall
pass successfully the First Market Application made by Axtel pursuant the acceptance procedure previously agreed by the Parties. Deliveries will commence 6 weeks after completion of the FMA 

  

	 	(e)	If Axtel considers it necessary, Axtel will have the right to request Airspan to assist Axtel in a verification office of the New FWA RSS Unit. Airspan will provide a quote for this
service under the FWA TASS at reasonable costs and prices. 

  

	 	(ii)	Price of New FWA RSS Unit and New Packet Data Activation Fee. The Price of the New FWA RSS Unit will be as follows: 

  

	 	(a)	For the New FWA RSS Units Delivered, a Price of [*] per New FWA RSS Unit, provided that Axtel places and maintains Orders such that, by the last day of a given quarter,
commencing January 1, 2005 and ending December 31, 2005, at least [*] RSS units are on hand and scheduled to be delivered in each the following two calendar quarters. The payment terms applicable for such Orders, will be: 

 
 [*]    four (4) months before the delivery of the
products; 
  
 [*]    Upon delivery of the
products 
  
 For the purpose of clarification, Axtel shall place
and maintain orders of at least [*] New FWA RSS Units per calendar quarter for 
  

 8 

 its delivery from New Equipment Commercial Launch (April 1st 2005) until the end of the second quarter 2006. In the event Axtel does not place and maintain Orders for such amount of NEW FWA RSS Units for its respective
delivery in any specific calendar quarter, Axtel shall pay for the equipment purchased in such quarter, an additional fee of US$[*] Dollars per unit. 
  
 With respect to the Orders mentioned in this Section 2.6 (ii) (a), Axtel hereby acknowledges that such Orders are not cancelable, notwithstanding the
foregoing, both Parties agree that Axtel will have the right to make changes to such Orders in quantities and/or delivery times 4 months prior to the originally scheduled delivery date, without reducing the total amount (value) of such Orders.

  

	 	(b)	A fee of [*] will also be payable as a Packet Data Activation Fee. The Packet Data Activation Fee will include the cost of a data adaptor or a modem (“Packet Data
Activation Unit”). 

  
 The prices and
fee payable under this section shall be paid in accordance with the provisions of section 2.2.1 above, and the payment by Axtel shall be as follows: 
  
 [*]    within five (5) days after the delivery of the Order; 
  
 [*]    when Axtel has activated at its customer the packet data functionality of such New RSS Unit.

  
 Axtel agrees to place and maintain Orders such that, at any
given time after January 1, 2005, at least [*] RSS Packet Data Activation Units are scheduled to be delivered in each the following two calendar quarters (in the Second and Third Calendar Quarter of 2005). 
  
 The Price of all RSS PD Activations delivered under Orders received that do
not meet these requirements shall be priced at the price set forth above in this section plus [*]. 
  

	 	(iii)	Airspan shall sell and deliver to Axtel the current F5 RSS Kit instead of such New FWA RSS Unit, at the prices of the New FWA RSS Unit set forth in section 2.6 (ii), in the
following events: 

  

	 	(a)	If the New FWA RSS Unit is not available for delivery after the New Equipment Commercial Launch in accordance with the Agreed Specification; or 

  

 9 

	 	(b)	If the New FWA RSS Unit does not satisfactorily pass the First Market Application performed by Axtel in accordance with the test protocol agreed by the Parties; or

  

	 	(c)	If the Specifications of the New FWA RSS Equipment are not agreed by the Parties by May 31, 2004 for a reason not attributable to Axtel and therefore the New Equipment Commercial
Launch of the New FWA RSS Unit is delayed after April 1st 2005; 

  
 The foregoing, until such time as: 
  

	 	(a)	the New FWA RSS Units has satisfactorily complied with the First Market Application; and 

  

	 	(b)	the New FWA RSS Unit is Delivered by Airspan pursuant the Agreed Specification. 

  

	 	(iv)	If through no fault of Airspan, Axtel are unable to complete the First Market Application by March 15th 2005, Airspan shall sell and deliver to Axtel the current F5 and F2
RSS’s kit instead of the New RSS unit, at the prices set forth in 2.5 (iii), until such time as the First Market Application is completed. 

  

	 	(vi)	If through no fault of Airspan both parties fail to agree the Specification of the New FWA RSS Unit by 31st May 2004, then Airspan shall sell and deliver to Axtel the current F5 and F2 RSS’s kit instead of the New RSS unit, at the prices set forth in 2.5 (iii)
for a period of 11 months after agreement on the Specifications. 

  

	2.7	Airspan Security Instrument. The Parties hereby acknowledge that, from time to time, Axtel may make payments to Airspan under the FWA PLA and the FWA TASS (as herein
amended), such that the aggregate amount of those payments for Orders where the related Equipment has not been Delivered may at times exceed [*] (“Exposure Limit”) in respect of Orders that have not been fully Delivered
(“Orders Guaranteed by Airspan”). 

  
 The Parties further acknowledge and hereby agree that as of the date of this Amendment Agreement No. 2, Axtel has made such payments to Airspan in an amount exceeding [*]. 
  
 Accordingly, Airspan will cause to be issued in favor of Axtel, at
Airspan’s expense, when such Exposure Limit is exceeded, one or more irrevocable standby letters of credit or bank guarantees (together the “L/Cs” and each an “L/C”), issued by Airspan’s UK bank at
Axtel’s satisfaction, for an aggregate amount equivalent to all the amounts paid by Axtel in excess of the Exposure Limit (the “Excess Exposure Amount”). 
  

 10 

 The Parties further agree that the aggregate value of the L/Cs, as measured and agreed by the parties at
the end of each month, will continue to be equal or greater than the likely peak Excess Exposure Amount for the following month. This value will include coverage for Purchase Orders likely to be Activated in the following month. The parties hereby
agree that a reasonable mechanism is put in place within 10 working days of the execution of this Amendment Agreement No.2 to establish and maintain this coverage. 
  
 Each L/C will permit Axtel, on or before its expiry date, to draw down the portion of the L/C applicable to the funds
received by Airspan as a downpayment with respect to the delivery covered by that L/C, upon the occurrence of any of the following events or conditions: 
  

	 	(i)	Airspan applies for or consents to the appointment of, or the taking of possession by a receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its
property, 

  

	 	(ii)	Airspan makes a general assignment for the benefit of its creditors, 

  

	 	(iii)	Airspan commences a voluntary proceeding under the bankruptcy, insolvency or similar laws relating to relief from creditors generally, 

  

	 	(iv)	Airspan fails to contest in a timely or appropriate manner, or acquiesces in writing to, any petition filed against it in an involuntary proceeding under the bankruptcy, insolvency
or similar laws relating to relief from creditors generally, or any application for the appointment of a receiver, custodian, trustee, or liquidator of itself or of all or a substantial part of its property or its liquidation, reorganization,
dissolution or winding-up. 

  

	 	(v)	Airspan fails to Deliver equipment ordered by Axtel under the FWA PLA, within a period of (30) thirty days after the delivery date applicable for such equipment, pursuant the terms
of the FWA PLA as amended herein and this Amendment Agreement No. 2, as the case may be; provided (i) that no later than fifteen (15) days after the date on which Airspan has failed to make a Delivery, Axtel has provided written notice to Airspan of
such failure, and (ii) that the 30 day period shall be extended where the failure is caused by Force Majeure, by the number of days for which the Force Majeure is in existence (if the Force Majeure continue for more than 60 days, Axtel will have the
right to cancel the respective Order(s) and to collect from the Letter of Credit all applicable payments paid to Airspan by Axtel for such equipment). 

  
 The Parties further acknowledge and hereby agree that as of the date of this Amendment Agreement No. 2, Axtel has made such
payments to Airspan that in aggregate exceed the Exposure Limit and that Airspan shall, within fifteen (15) 
  

 11 

 days of the execution of this Amendment Agreement No. 2, issue and deliver to Axtel one or more L/Cs or
bank guarantees (“Initial L/C”), issued by a bank acceptable to Axtel in its reasonable discretion, in an amount to be agreed by the parties that is equal or greater than the likely peak of the Excess Exposure Amount in May, 2004. This
will include values related to the Orders to be Activated at the close by Axtel under the Attachment B. Such L/C shall be subject to the terms set forth in this Amendment Agreement No. 2. 
  

	3.	GENERAL AGREEMENTS AND AMENDMENTS TO THE FWA TASS. 

  

	3.1	Change in the Scope of Services under the FWA TASS. The Parties hereby amend the FWA TASS, by the elimination of Airspan’s obligation, set forth in Section 1.2 of
the FWA TASS, to provide the Software Enhancement Releases in 2005 and in the subsequent years. From the date of this Amendment Agreement No. 2, Airspan will be obligated only to provide the Software Enhancement Release for years 2003 and 2004 (the
Software Enhancement Release of year 2004 will be delivered by Airspan in the first quarter of 2005), as agreed to by both Parties in accordance with the FWA TASS. If in future Axtel requires specific Product Enhancements, and if Airspan determines
in its sole discretion that it has resources available to make such Product Enhancements, Airspan shall provide its quotation to undertake such Product Enhancements at reasonable commercial terms and conditions. 

  

	3.2	New Prices and Payment Terms for Services under the FWA TASS. Pursuant to the modification of the scope of the Services set forth in Section 3.1 above, the Parties
hereby amend the FWA TASS, by modifying the price and payment terms of the Services set forth in the FWA TASS, as follows: 

  

	 	(i)	[*], for the Services to be provided by Airspan in year 2005, which shall be paid by Axtel as follows: 

  

	 	•	[*] for the first calendar quarter, payable on January 1, 2005; 

  

	 	•	[*] for the second calendar quarter, payable on April 1, 2005; 

  

	 	•	[*] for the third calendar quarter, payable on July 1, 2005; 

  

	 	•	[*] for the fourth calendar quarter, payable on October 1, 2005. 

  

	 	(ii)	[*], for the Services to be provided by Airspan in 2006 and 2007, which shall be paid by Axtel as follows: 

  

	 	•	[*] for each calendar quarter, payable on the first calendar day of each quarter. 

  
 All payments to be made by Axtel under this section 3.2, shall be made by Axtel within 30 days after the delivery date of
the respective invoice, as provided in section 3.3 of the FWA TASS. 
  

 12 

	3.3	New Services under the scope of the FWA TASS. Airspan will provide, at no additional charge to Axtel, and provided that Axtel is not otherwise in default of any of its
obligations under the FWA TASS or the FWA PLA, the following Services under the FWA TASS: 

  

	 	(i)	Maintenance Releases. Airspan shall provide to Axtel any maintenance release, patch or fix developed by Airspan during the term of the FWA TASS. 

  

	3.4	Services to be Excluded from the FWA TASS. From year 2005, the following service will be specifically excluded from the FWA TASS: 

  

	 	(i)	The upgrade services for REM. Notwithstanding the foregoing, Airspan will perform the upgrade services related to REM regarding the release System Release 14.2.

  

	4.	AMENDED AND RESTATED AGREEMENTS. 

  

	4.1	Amended and Restated FWA PLA. The Parties hereby agree to use commercially reasonable efforts to prepare a new amended and restated FWA PLA by July 150, 2004, in which
all the terms and conditions of the FWA PLA as modified by Axtel and Airspan under this Amendment Agreement No. 2 shall be reproduced and reflected. In this regard, each party will pay for its own legal and out-of-pocket expenses. In accordance with
the foregoing, the Parties shall incorporate all the agreements and modifications herein established, by modifying all applicable sections of the agreement and the annexes of the FWA PLA. In addition to the foregoing, the Parties will discuss and
negotiate, including without limitation, the following issues: 

  

	 	(i)	Authorization from Airspan to Axtel to purchase directly from Airspan ́s suppliers antennas for the RBS equipment. 

  

	 	(ii)	Agreeing the commercial terms whereby Airspan could certify other suppliers of antennas for RBS equipment. 

  

	 	(iii)	Agreeing the commercial terms whereby Airspan could certify up to two Local Service Suppliers for the performance in Mexico of the repair and maintenance of RSS equipment.

  

	 	(iv)	Agree by Q3 2004 to deliver the original Drop Cable Connector (NTEG 99GR) 

  

	 	(v)	To review jointly the opportunities for improved reliability and availability of certain FWA components. 

  

	 	(vi)	Local Support and Maintenance Services. Discuss if Airspan shall hire one employee or representative to be located in the city of Monterrey, N.L. Mexico, or to have a Spanish
speaking Technical FWA Expert in UK. 

  

 13 

	4.2	Amended and Restated FWA TASS. The Parties hereby agree to use commercially reasonable efforts to prepare a new amended and restated FWA TASS by July 15, 30, 2004, in
which all the terms and conditions of the FWA TASS which were modified by Axtel and Airspan under this Amendment Agreement No. 2 shall be reproduced and reflected. In this regard, each party will pay for its own legal and out-of-pocket expenses. In
accordance with the foregoing, the Parties shall incorporate all the agreements and modifications herein established, by modifying all applicable sections of the agreement and the annexes of the FWA TASS. 

  

	5.	NEW INCREMENTAL ORDERS. 

  

	5.1	Axtel will purchase the FWA Equipment and FWA Spare Parts (the “New Incremental FWA Equipment”) specified in Attachment “B” this Amendment
Agreement No.2 (hereinafter Attachment “B”) by placing incremental Purchase Orders as scheduled in Attachment “B” (hereinafter the “New Incremental Orders”). For this New Incremental Orders,
the terms and conditions of the FWA PLA as amended by this Amendment Agreement No. 2 will apply, unless is otherwise agreed by the Parties in this Section 5. 

  

	5.2.	In the Attachment “B” is clearly detailed the description of the FWA Spares Parts. 

  

	5.3	Pursuant the terms set forth in Section 18.4 of the FWA PLA, the Parties hereby agree that such New Incremental FWA Equipment will have special payment and delivery terms, which are
set forth in the Attachment “B” of this Amendment Agreement No. 2, therefore, the Parties agree that all the terms and conditions of the FWA PLA (as herein amended) shall apply to the New Incremental Orders except for those specific
delivery and payment terms referenced in the Attachment “B”. Provided that, Axtel will commence to make the correspondent initial payments to Airspan under such Attachment “B”, only after Airspan has delivered to Axtel the
applicable L/Cs as set forth in the last paragraph of Section 2.7 of this Amendment Agreement No. 2. Notwithstanding the foregoing, the delivery terms of the New Incremental FWA Equipment shall start from the execution of this Amendment Agreement
No. 2 irrespectively of the date of the applicable payment. 

  

	5.4	The New Incremental Orders shall clearly state their reference to the FWA PLA and to this Amendment Agreement No. 2. 

  

	5.5	The parties hereby agree that the payment terms specified in Attachment B will apply exclusively for the New Incremental Orders specified in Attachment B; provided, however,
that Axtel, places the New Incremental Orders according to the schedule specified in Attachment B. 

  

	5.6	The New Incremental Orders shall reference this Amendment Agreement No. 2 and the New Incremental Orders are totally binding and non-cancelable, provided that, any change to the New
Incremental Orders shall be made pursuant the terms set forth in Section 2.7 of the FWA PLA. 

  

 14 

	5.7	Airspan shall deliver the New Incremental FWA Equipment in accordance with the delivery schedule set forth in Attachment B of this Amendment Agreement No.2, provided that Axtel
activates the Orders and made the applicable payments as set forth in the Attachment B of this Amendment Agreement No. 2... 

  

	5.8	This Section 5 of the Amendment Agreement No. 2 applies solely to the New Incremental Orders as defined in Attachment B and shall terminate on completion of the delivery of the New
Incremental FWA Equipment ordered. 

  

	6.	CONTINUED EFFECT.  

  

	6.1	The Parties hereby agree that the present Amendment Agreement No. 2 constitutes an amendment of some of the provisions of the FWA PLA and the FWA TASS, and except as amended and
modified herein, all of the other terms and conditions of the FWA PLA and the FWA TASS shall remain in full force and effect. 

  
 IN WITNESS WHEREOF, this Amendment Agreement No. 2 is signed as of the date first above written. 
  

							
	AXTEL, S.A. DE C.V.	 	AIRSPAN COMMUNICATIONS LIMITED
				
	By:	 	  

	 	By:	 	  

	Name:	 	Alberto de Villasante Herbert	 	Name:	 	Eric Stonestrom
	Title:	 	Legal Representative	 	Title:	 	Chief Executive Officer

  

 15 

 Axtel FWA Ammendment - Change Order Attachment A (1/2) 
  

																																			
	 	  	 Incr.
 Order #

	 	 Discreet Incremental
 Orders

	  	$ Price / Unit

	  	Units

	  	PO Value

	  	% Cash/
LC on PO

	 	 	Cash with PO

	  	Cash / LC
Date

	  	LC or Cash

	  	$k Cash / LC on
Acceptance

	  	$ Cash on
Delivery

	 	  	 	 	 	  	 	  	 	  	 	 	  	 	 	 	 	 	 	 	 	  	 	  	 	 	 	 	 	  	 	 	  	 	 
	 	  	No. 1	 	7.5k x F2	  	381.14	  	7,500	  	$	2,858,550.00	  	100	%	 	70	%	 	$	2,000,985.00	  	Sep-03	  	30	%	 	$	857,565.00	  	$	2,858,550.00	  	 	 
	 	  	No. 1a*	 	500 x F2	  	356.14	  	500	  	$	178,070.00	  	100	%	 	70	%	 	$	124,649.00	  	Sep-03	  	30	%	 	$	53,421.00	  	$	178,070.00	  	 	 
	 	  	No. 2	 	8k x F2	  	381.14	  	8,000	  	$	3,049,120.00	  	100	%	 	70	%	 	$	2,134,384.00	  	Feb-04	  	30	%	 	$	914,736.00	  	$	3,049,120.00	  	 	 
	 	  	No. 3	 	6.5k x F2	  	381.14	  	6,500	  	$	2,477,410.00	  	100	%	 	70	%	 	$	1,734,187.00	  	Apr-04	  	30	%	 	$	743,223.00	  	$	2,477,410.00	  	 	 
	 	  	No. 4	 	2.5k x F5	  	570.77	  	2,500	  	$	1,426,925.00	  	100	%	 	70	%	 	$	998,847.50	  	Sep-03	  	30	%	 	$	428,077.50	  	$	1,426,925.00	  	 	 
	 	  	No. 5	 	2.5k x F5	  	570.77	  	2,500	  	$	1,426,925.00	  	100	%	 	70	%	 	$	998,847.50	  	Mar-04	  	30	%	 	$	428,077.50	  	$	1,426,925.00	  	 	 
														
	 	  	No. 6	 	5k x F2	  	381.14	  	5,000	  	$	1,905,700.00	  	100	%	 	70	%	 	$	1,333,990.00	  	Jan-04	  	30	%	 	$	571,710.00	  	$	1,905,700.00	  	 	 
	 	  	No. 7	 	3k x F2	  	381.14	  	3,000	  	$	1,143,420.00	  	100	%	 	70	%	 	$	800,394.00	  	May-04	  	30	%	 	$	343,026.00	  	$	1,143,420.00	  	 	 
	 	  	No. 7a*	 	2k x F2	  	356.14	  	2,000	  	$	712,280.00	  	100	%	 	70	%	 	$	498,596.00	  	 	  	30	%	 	$	213,684.00	  	$	712,280.00	  	 	 
	 	  	No. 8*	 	5k x F2	  	356.14	  	5,000	  	$	1,780,700.00	  	100	%	 	70	%	 	$	1,246,490.00	  	Jul-04	  	30	%	 	$	534,210.00	  	$	1,780,700.00	  	 	 
	 	  	No. 9	 	114 x TBM-CD	  	2,369.68	  	114	  	$	270,143.90	  	50	%	 	50	%	 	$	135,071.95	  	Sep-03	  	0	%	 	$	0.00	  	$	135,071.95	  	$	135,071.95
	 	  	No. 10	 	18 x TPM	  	4,897.54	  	18	  	$	88,155.75	  	50	%	 	50	%	 	$	44,077.88	  	Sep-03	  	0	%	 	$	0.00	  	$	44,077.88	  	$	44,077.88
	 	  	No. 11	 	18 x TMU	  	8,259.12	  	18	  	$	148,664.10	  	50	%	 	50	%	 	$	74,332.05	  	Sep-03	  	0	%	 	$	0.00	  	$	74,332.05	  	$	74,332.05
	 	  	No. 12	 	26 x TPM-PD	  	7,692.00	  	26	  	$	199,992.00	  	100	%	 	70	%	 	$	139,994.40	  	Feb-04	  	30	%	 	$	59,997.60	  	$	199,992.00	  	 	 
	 	  	No. 13	 	42 x TPM	  	4,897.54	  	42	  	$	205,696.75	  	50	%	 	50	%	 	$	102,848.38	  	Oct-03	  	0	%	 	$	0.00	  	$	102,848.38	  	$	102,848.38
	 	  	No. 14	 	42 x TMU	  	8,259.12	  	42	  	$	346,882.90	  	50	%	 	50	%	 	$	173,441.45	  	Oct-03	  	0	%	 	$	0.00	  	$	173,441.45	  	$	173,441.45
	 Cancelled
	  	No. 15	 	54 x TPM	  	4,897.54	  	54	  	$	264,467.25	  	50	%	 	50	%	 	$	132,233.63	  	Dec-03	  	0	%	 	$	0.00	  	$	132,233.63	  	$	132,233.63
	 	  	No. 16	 	54 x TMU	  	8,259.12	  	54	  	$	445,992.30	  	50	%	 	50	%	 	$	222,996.15	  	Dec-03	  	0	%	 	$	0.00	  	$	222,996.15	  	$	222,996.15
														
	 	  	No. 17	 	30 x PD Upgrade	  	40,384.63	  	30	  	$	1,211,538.75	  	100	%	 	70	%	 	$	848,077.13	  	Jan-04	  	30	%	 	$	363,461.63	  	$	1,211,538.75	  	 	 
	 	  	No. 18	 	2 x 27b RBS	  	212,017.55	  	2	  	$	424,035.10	  	100	%	 	70	%	 	$	296,824.57	  	Sep-03	  	30	%	 	$	127,210.53	  	$	424,035.10	  	 	 
	 	  	No. 19	 	3 x 27b RBS	  	212,017.55	  	3	  	$	636,052.65	  	100	%	 	70	%	 	$	445,236.86	  	Oct-03	  	30	%	 	$	190,815.80	  	$	636,052.65	  	 	 
	 	  	No. 20	 	3 x 27b RBS	  	212,017.55	  	3	  	$	636,052.65	  	100	%	 	70	%	 	$	445,236.86	  	Nov-03	  	30	%	 	$	190,815.80	  	$	636,052.65	  	 	 
	 	  	No. 21	 	4 x 27b RBS	  	212,017.55	  	4	  	$	848,070.20	  	100	%	 	70	%	 	$	593,649.14	  	Dec-03	  	30	%	 	$	254,421.06	  	$	848,070.20	  	 	 
	 	  	No. 22	 	3 x 18b RBS	  	137,136.62	  	3	  	$	411,409.86	  	100	%	 	70	%	 	$	287,986.90	  	Sep-03	  	30	%	 	$	123,422.96	  	$	411,409.86	  	 	 
	 	  	No. 23	 	1 x 18b RBS	  	137,136.62	  	1	  	$	137,136.62	  	100	%	 	70	%	 	$	95,995.63	  	Oct-03	  	30	%	 	$	41,140.99	  	$	137,136.62	  	 	 
	 	  	No. 24	 	3 x 18b RBS	  	137,136.62	  	3	  	$	411,409.86	  	100	%	 	70	%	 	$	287,986.90	  	Nov-03	  	30	%	 	$	123,422.96	  	$	411,409.86	  	 	 
	 	  	No. 25	 	1 x 18b RBS	  	137,136.62	  	1	  	$	137,136.62	  	100	%	 	70	%	 	$	95,995.63	  	Dec-03	  	30	%	 	$	41,140.99	  	$	137,136.62	  	 	 
	 	  	No. 26	 	10 x PD Upgrade	  	40,384.63	  	10	  	$	403,846.25	  	100	%	 	70	%	 	$	282,692.38	  	Jan-04	  	30	%	 	$	121,153.88	  	$	403,846.25	  	 	 
	 	  	No. 27	 	7 x PD Upgrade	  	40,384.63	  	7	  	$	282,692.38	  	100	%	 	70	%	 	$	197,884.66	  	Feb-04	  	30	%	 	$	84,807.71	  	$	282,692.38	  	 	 
	 Cancelled
	  	No. 28	 	5 x 27b RBS	  	212,017.55	  	5	  	$	1,060,087.75	  	100	%	 	70	%	 	$	742,061.43	  	Jan-04	  	30	%	 	$	318,026.33	  	$	1,060,087.75	  	 	 
	 Cancelled
	  	No. 29	 	3 x 27b RBS	  	212,017.55	  	3	  	$	636,052.65	  	100	%	 	70	%	 	$	445,236.86	  	Feb-04	  	30	%	 	$	190,815.80	  	$	636,052.65	  	 	 
	 Cancelled
	  	No. 30	 	2 x 18b RBS	  	137,136.62	  	2	  	$	274,273.24	  	100	%	 	70	%	 	$	191,991.27	  	Feb-04	  	30	%	 	$	82,281.97	  	$	274,273.24	  	 	 
	 Cancelled
	  	No. 31	 	2 x 18b RBS	  	137,136.62	  	2	  	$	274,273.24	  	100	%	 	70	%	 	$	191,991.27	  	Mar-04	  	30	%	 	$	82,281.97	  	$	274,273.24	  	 	 
														
	 	  	No. 32	 	Incr Capacity	  	600,000.00	  	1	  	$	600,000.00	  	50	%	 	50	%	 	$	300,000.00	  	Sep-03	  	0	%	 	$	0.00	  	$	300,000.00	  	$	300,000.00
	 New Order
	  	No. 33	 	TMU’s	  	9,910.94	  	13	  	$	128,842.22	  	100	%	 	70	%	 	$	90,189.55	  	Dec-03	  	30	%	 	$	38,652.67	  	$	128,842.22	  	 	 
	 New Order
	  	No. 34	 	18b RBS (1 TPM & No Ant)	  	103,648.92	  	1	  	$	103,648.92	  	100	%	 	70	%	 	$	72,554.24	  	Jan-04	  	30	%	 	$	31,094.68	  	$	103,648.92	  	 	 
	 New Order
	  	No. 35	 	27b RBS (2 TPM & No Ant) - replaces PO # 28	  	164,234.76	  	5	  	$	821,173.80	  	100	%	 	70	%	 	$	574,821.66	  	Jan-04	  	30	%	 	$	246,352.14	  	$	821,173.80	  	 	 
	 New Order
	  	No. 36	 	27b RBS (2 TPM & No Ant) - replaces PO# 29	  	164,234.76	  	3	  	$	492,704.28	  	100	%	 	70	%	 	$	344,893.00	  	Feb-04	  	30	%	 	$	147,811.28	  	$	492,704.28	  	 	 
	 New Order
	  	No. 37	 	18b RBS (1 TPM & No Ant) - replaces PO# 30	  	103,648.92	  	3	  	$	310,946.76	  	100	%	 	70	%	 	$	217,662.73	  	Feb-04	  	30	%	 	$	93,284.03	  	$	310,946.76	  	 	 
	 New Order
	  	No. 38	 	18b RBS (1 TPM & No Ant) - replaces PO# 31	  	103,648.92	  	3	  	$	310,946.76	  	100	%	 	70	%	 	$	217,662.73	  	Mar-04	  	30	%	 	$	93,284.03	  	$	310,946.76	  	 	 
	 New Order
	  	No. 39	 	TBM - CD’s	  	2,843.62	  	21	  	$	59,716.02	  	100	%	 	70	%	 	$	41,801.21	  	Jan-04	  	30	%	 	$	17,914.81	  	$	59,716.02	  	 	 
	 New Order
	  	No. 40	 	TPM - PD’s	  	7,692.31	  	10	  	$	76,923.10	  	100	%	 	70	%	 	$	53,846.17	  	Feb-04	  	30	%	 	$	23,076.93	  	$	76,923.10	  	 	 
	 New Order
	  	No. 41	 	27b RBS (2 TPM & No Ant)	  	164,234.76	  	1	  	$	164,234.76	  	100	%	 	70	%	 	$	114,964.33	  	Mar-04	  	30	%	 	$	49,270.43	  	$	164,234.76	  	 	 
	 New Order
	  	No. 42	 	TMU’s	  	9,910.94	  	14	  	$	138,753.16	  	100	%	 	70	%	 	$	97,127.21	  	Feb-04	  	30	%	 	$	41,625.95	  	$	138,753.16	  	 	 
	 	  	Ref	 	5k F2 Q4 Min Order	  	381.14	  	5,000	  	$	1,905,700.00	  	100	%	 	70	%	 	$	1,333,990.00	  	Sep-03	  	30	%	 	$	571,710.00	  	$	1,905,700.00	  	 	 
	 	  	Ref	 	5k F5 ’03 Min Order	  	570.77	  	5,000	  	$	2,853,850.00	  	100	%	 	70	%	 	$	1,997,695.00	  	Dec-03	  	30	%	 	$	856,155.00	  	$	2,853,850.00	  	 	 
	 	  	Ref	 	’04 Min Order Q1&2	  	381.14	  	10,000	  	$	3,811,400.00	  	100	%	 	70	%	 	$	2,667,980.00	  	Var	  	30	%	 	$	1,143,420.00	  	$	3,811,400.00	  	 	 
	 	  	Ref*	 	’04 Min Order Q3&4	  	356.14	  	10,000	  	$	3,561,400.00	  	100	%	 	70	%	 	$	2,492,980.00	  	Var	  	30	%	 	$	1,068,420.00	  	$	3,561,400.00	  	 	 

  

																																																									
	 	  	 	 	 	  	PO Placement, Acceptance & Delivery Schedule

	  	Cash / LC Schedule

	 	  	 Incr.
 Order
 #

	 	 Discreet
 Incremental
 Orders

	  	2003

	  	2004

	  	2003

	  	2004

	  	 	  	Sep

	  	Oct

	  	Nov

	  	Dec

	  	Jan

	  	Feb

	  	Mar

	  	Apr

	  	May

	  	Jun

	  	Jul

	  	Aug

	  	Sep

	  	Sep

	  	Oct

	  	Nov

	  	Dec

	  	Jan

	  	Feb

	  	Mar

	  	Apr

	  	May

	  	Jun

	  	Jul

	  	Aug

	  	Sep

	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k	  	$k
	 	  	No. 1	 	7.5k x F2	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	2,859	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 1a*	 	500 x F2	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	178	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 2	 	8k x F2	  	P	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	3,049	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 3	 	6.5k x F2	  	P	  	 	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	2,477	  	 	  	 	  	 	  	 	  	 
	 	  	No. 4	 	2.5k x F5	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,427	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 5	 	2.5k x F5	  	P	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,427	  	 	  	 	  	 	  	 	  	 	  	 
																													
	 	  	No. 6	 	5k x F2	  	P	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,906	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 7	 	3k x F2	  	P	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,143	  	 	  	 	  	 	  	 
	 	  	No. 7a*	 	2k x F2	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	712	  	 	  	 	  	 	  	 
	 	  	No. 8*	 	5k x F2	  	P	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,781	  	 	  	 
	 	  	No. 9	 	114 x TBM-CD	  	P & A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	135	  	 	  	135	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 10	 	18 x TPM	  	P & A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	44	  	 	  	44	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 11	 	18 x TMU	  	P & A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	74	  	 	  	74	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 12	 	26 x TPM-PD	  	P	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	200	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 13	 	42 x TPM	  	P	  	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	103	  	 	  	103	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 14	 	42 x TMU	  	P	  	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	173	  	 	  	173	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	  	No. 15	 	54 x TPM	  	P	  	 	  	 	  	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 16	 	54 x TMU	  	P	  	 	  	 	  	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	223	  	 	  	223	  	 	  	 	  	 	  	 	  	 	  	 	  	 
																													
	 	  	No. 17	 	30 x PD Upgrade	  	P	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,212	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 18	 	2 x 27b RBS	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	424	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 19	 	3 x 27b RBS	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	636	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 20	 	3 x 27b RBS	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	636	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 21	 	4 x 27b RBS	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	848	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 22	 	3 x 18b RBS	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	411	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 23	 	1 x 18b RBS	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	137	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 24	 	3 x 18b RBS	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	411	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 25	 	1 x 18b RBS	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	137	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 26	 	10 x PD Upgrade	  	P	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	404	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 27	 	7 x PD Upgrade	  	P	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	283	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	  	No. 28	 	5 x 27b RBS	  	P	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	  	No. 29	 	3 x 27b RBS	  	P	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	  	No. 30	 	2 x 18b RBS	  	P	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	  	No. 31	 	2 x 18b RBS	  	P	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	No. 32	 	Incr Capacity	  	P & A	  	 	  	 	  	D1	  	 	  	 	  	D2	  	 	  	 	  	 	  	 	  	 	  	 	  	300	  	 	  	 	  	150	  	 	  	 	  	150	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	 	  	 	  	
	  	 	  	 	  	
	  	 	  	 	  	 	  	 	  	 	  	 
																													
	 New Order
	  	No. 33	 	TMU’s	  	 	  	 	  	 	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	129	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 34	 	18b RBS (1 TPM & No Ant)	  	 	  	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	104	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 35	 	27b RBS (2 TPM & No Ant) - replaces PO # 28	  	 	  	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	821	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 36	 	27b RBS (2 TPM & No Ant) - replaces PO# 29	  	 	  	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	493	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 37	 	18b RBS (1 TPM & No Ant) - replaces PO# 30	  	 	  	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	311	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 38	 	18b RBS (1 TPM & No Ant) - replaces PO# 31	  	 	  	 	  	 	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	311	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 39	 	TBM - CD’s	  	 	  	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	60	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 40	 	TPM - PD’s	  	 	  	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	77	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 41	 	27b RBS (2 TPM & No Ant)	  	 	  	 	  	 	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	164	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	  	No. 42	 	TMU’s	  	 	  	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	139	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	Sub-Total Cash - Incremental RSS & all RBS	  	5,852	  	1,049	  	1,301	  	1,763	  	4,506	  	4,774	  	2,052	  	2,477	  	1,856	  	0	  	1,781	  	0	  	0
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	 	  	Ref	 	5k F2 Q4 Min Order	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,906	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	Ref	 	5k F5 ’03 Min Order	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	2,854	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	Ref	 	’04 Min Order Q1&2	  	 	  	 	  	 	  	P	  	A	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,906	  	 	  	1,906	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	Ref*	 	’04 Min Order Q3&4	  	 	  	 	  	 	  	P	  	 	  	 	  	 	  	 	  	 	  	A	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1,781	  	 	  	 	  	1,781
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	Total Cash Due on 15th	  	7,758	  	1,049	  	1,301	  	4,617	  	6,411	  	4,774	  	3,958	  	2,477	  	1,856	  	1,781	  	1,781	  	0	  	1,781
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	
	  	

	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	2003	  	14,726	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	2004	  	24,818
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	
	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	

	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	TOTAL	  	39,544
	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	

  
 Legend: P = Place Order Document

               A = Activate Order with Pre-Payment (pursuant the payment terms set
forth in this Ammendment) 
               D = Deferred Payment 
  
 Incremental Orders and associated payments are due on the 15th day of the month indicated.

 Order numbers marked with a star * include volume over 35,000 units in that year and are plannmed to receive a discount of $25 per unit.

 Further incremental RSS Order activated (paid) during year 2004 shall have a discount of $25 per unit. (Not applicable to the 2005 Minimum Orders)

 The four RSS orders shown at the bottom of this list are Minimum Order Quantity orders and are only shown here for reference. 
 The Order No. 17 for 30 PD Upgrades includes Axtel’s 2004 Annual Minimum Commitment of base station units set forth in the FWA PLA. 
 Dollar amounts are rounded and indicative. P.O.s to reflect actual amounts. 
 Purchase Orders 4500051784 (No. 15), 4500051798 (No. 28), 4500051799 (No. 29), 4500051800 (No. 30) and 4500051801 (No. 31) are cancelled as per this Change Order dated Dec 5th, 2003 
  

 5 

 Axtel FWA Ammendment - Change Order Attachment A (2/2) 
  

																																	
	 	 	 	 	 	 	 	 	 PO Placement & Acceptance

	 	 	 Incr.
Order #

	 	 Discreet Incremental Orders

	 	 Units

	 	 2003

	  	2004

	 	 	 	 	 Sep

	 	Oct

	  	Nov

	  	Dec

	  	Jan

	  	Feb

	  	Mar

	  	Apr

	  	May

	  	Jun

	  	Jul

	  	Aug

	  	Sep

	 	 	No. 1 to 8	 	F2	 	37,500	 	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 	 	F5	 	5,000	 	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
																	
	 	 	 	 	Cummulative F2	 	 	 	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 	 	Cummulative F5	 	 	 	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
																	
	 	 	No. 9	 	114 x TBM-CD	 	114	 	P & A	 	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 10	 	18 x TPM	 	18	 	P & A	 	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 11	 	18 x TMU	 	18	 	P & A	 	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 12	 	26 x TPM-PD	 	26	 	P	 	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 13	 	42 x TPM	 	42	 	P	 	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 14	 	42 x TMU	 	42	 	P	 	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 15	 	54 x TPM	 	54	 	P	 	 	  	 	  	C	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 16	 	54 x TMU	 	54	 	P	 	 	  	 	  	A	  	 	  	D	  	 	  	 	  	 	  	 	  	 	  	 	  	 
																	
	 	 	No. 17	 	30 x PD Upgrade	 	30	 	P	 	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 18	 	2 x 27b RBS	 	2	 	P & A	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 19	 	3 x 27b RBS	 	3	 	P	 	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 20	 	3 x 27b RBS	 	3	 	P	 	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 21	 	4 x 27b RBS	 	4	 	P	 	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 22	 	3 x 18b RBS	 	3	 	P & A	 	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 23	 	1 x 18b RBS	 	1	 	P	 	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 24	 	3 x 18b RBS	 	3	 	P	 	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 25	 	1 x 18b RBS	 	1	 	P	 	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 26	 	10 x PD Upgrade	 	10	 	P	 	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 27	 	7 x PD Upgrade	 	7	 	P	 	 	  	 	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 28	 	5 x 27b RBS	 	5	 	P	 	 	  	 	  	C	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 29	 	3 x 27b RBS	 	3	 	P	 	 	  	 	  	C	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 30	 	2 x 18b RBS	 	2	 	P	 	 	  	 	  	C	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 31	 	2 x 18b RBS	 	2	 	P	 	 	  	 	  	C	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
																	
	 New Order
	 	No. 33	 	TMU’s	 	13	 	 	 	 	  	 	  	P & A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 34	 	18b RBS (1 TPM & No Ant)	 	1	 	 	 	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 35	 	27b RBS (2 TPM & No Ant)	 	5	 	 	 	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 36	 	27b RBS (2 TPM & No Ant)	 	3	 	 	 	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 37	 	18b RBS (1 TPM & No Ant)	 	3	 	 	 	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 38	 	18b RBS (1 TPM & No Ant)	 	3	 	 	 	 	  	 	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 39	 	TBM - CD’s	 	21	 	 	 	 	  	 	  	P	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 40	 	TPM - PD’s	 	10	 	 	 	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 41	 	27b RBS (2 TPM & No Ant)	 	1	 	 	 	 	  	 	  	P	  	 	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 42	 	TMU ́s	 	14	 	 	 	 	  	 	  	P	  	 	  	A	  	 	  	 	  	 	  	 	  	 	  	 	  	 

  

																									
	 	 	 	 	 	  	Delivery Schedule Including Minimum Order Quantities

	 	 	 Incr.
Order #

	 	 Discreet Incremental Orders

	  	2003

	  	2004

	 	 	  	Sep

	  	Oct

	  	Nov

	  	Dec

	  	Jan

	  	Feb

	  	Mar

	  	Apr

	  	May

	  	Jun

	 	 	No. 1 to 8	 	F2	  	1000	  	2000	  	2000	  	1000	  	2000	  	3000	  	4000	  	5000	  	6000	  	6000
	 	 	 	 	F5	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1000	  	1000	  	1000
													
	 	 	 	 	Cummulative F2	  	1000	  	3000	  	5000	  	6000	  	8000	  	11000	  	15000	  	20000	  	26000	  	32000
	 	 	 	 	Cummulative F5	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1000	  	2000	  	3000
													
	 	 	No. 9	 	114 x TBM-CD	  	 	  	 	  	60	  	 	  	 	  	54	  	 	  	 	  	 	  	 
	 	 	No. 10	 	18 x TPM	  	 	  	 	  	18	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 11	 	18 x TMU	  	 	  	 	  	18	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 12	 	26 x TPM-PD	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	5	  	6
	 	 	No. 13	 	42 x TPM	  	 	  	 	  	 	  	42	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 14	 	42 x TMU	  	 	  	 	  	 	  	42	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 15	 	54 x TPM	  	 	  	 	  	 	  	 	  	 	  	0	  	 	  	 	  	 	  	 
	 	 	No. 16	 	54 x TMU	  	 	  	 	  	 	  	 	  	 	  	54	  	 	  	 	  	 	  	 
													
	 	 	No. 17	 	30 x PD Upgrade	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	7	  	8	  	12
	 	 	No. 18	 	2 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	2	  	 	  	 	  	 	  	 
	 	 	No. 19	 	3 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	3	  	 	  	 	  	 
	 	 	No. 20	 	3 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	3	  	 	  	 
	 	 	No. 21	 	4 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	4	  	 
	 	 	No. 22	 	3 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	3	  	 	  	 	  	 	  	 
	 	 	No. 23	 	1 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	1	  	 	  	 	  	 
	 	 	No. 24	 	3 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	3	  	 	  	 
	 	 	No. 25	 	1 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1	  	 
	 	 	No. 26	 	10 x PD Upgrade	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 27	 	7 x PD Upgrade	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 28	 	5 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	0
	 Cancelled
	 	No. 29	 	3 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 30	 	2 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 31	 	2 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
													
	 New Order
	 	No. 33	 	TMU’s	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	13
	 New Order
	 	No. 34	 	18b RBS (1 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	1
	 New Order
	 	No. 35	 	27b RBS (2 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	5
	 New Order
	 	No. 36	 	27b RBS (2 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 37	 	18b RBS (1 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 38	 	18b RBS (1 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 39	 	TBM - CD’s	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 40	 	TPM - PD’s	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 41	 	27b RBS (2 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 42	 	TMU’s	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 

  

																					
	 	 	 	 	 	  	Delivery Schedule Including Minimum Order Quantities

	 	 	  	2004

	  	2005*

	 	 	 Incr.
Order #

	 	 Discreet Incremental Orders

	  	Jul

	  	Aug

	  	Sep

	  	Oct

	  	Nov

	  	Dec

	  	 	  	 
	 	 	No. 1 to 8	 	F2	  	6000	  	6000	  	6000	  	5000	  	6000	  	5000	  	11500	  	 
	 	 	 	 	F5	  	1000	  	1000	  	1000	  	2000	  	1000	  	1000	  	 	  	 
											
	 	 	 	 	Cummulative F2	  	38000	  	44000	  	50000	  	55000	  	61000	  	66000	  	77500	  	 
	 	 	 	 	Cummulative F5	  	4000	  	5000	  	6000	  	8000	  	9000	  	10000	  	10000	  	 
											
	 	 	No. 9	 	114 x TBM-CD	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 10	 	18 x TPM	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 11	 	18 x TMU	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 12	 	26 x TPM-PD	  	 	  	15	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 13	 	42 x TPM	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 14	 	42 x TMU	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 15	 	54 x TPM	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 16	 	54 x TMU	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
											
	 	 	No. 17	 	30 x PD Upgrade	  	3	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 18	 	2 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 19	 	3 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 20	 	3 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 21	 	4 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 22	 	3 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 23	 	1 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 24	 	3 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 25	 	1 x 18b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 26	 	10 x PD Upgrade	  	2	  	8	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	No. 27	 	7 x PD Upgrade	  	7	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 28	 	5 x 27b RBS	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 29	 	3 x 27b RBS	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 30	 	2 x 18b RBS	  	0	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 Cancelled
	 	No. 31	 	2 x 18b RBS	  	 	  	0	  	 	  	 	  	 	  	 	  	 	  	 
											
	 New Order
	 	No. 33	 	TMU ́s	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 34	 	18b RBS (1 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 35	 	27b RBS (2 TPM & No Ant)	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 36	 	27b RBS (2 TPM & No Ant)	  	3	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 37	 	18b RBS (1 TPM & No Ant)	  	3	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 38	 	18b RBS (1 TPM & No Ant)	  	 	  	3	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 39	 	TBM - CD’s	  	21	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 40	 	TPM - PD’s	  	10	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 41	 	27b RBS (2 TPM & No Ant)	  	 	  	1	  	 	  	 	  	 	  	 	  	 	  	 
	 New Order
	 	No. 42	 	TMU ́s	  	 	  	14	  	 	  	 	  	 	  	 	  	 	  	 

			
	Legend:	  	P = Place Order Document
	 	  	A = Activate Order with Pre-Payment (pursuant the payment terms set forth in this AmD =Deferred Payment mendment)
	 	  	C = Cancelled by mutual agreement between Axtel and Nortel
	*Note:	  	Volume shown in 2005 reflect likely Orders on Hand as of Jan 1 2005 given this delivery schedule and the acceptance of all outstanding POs due by that date.

  

 6 

 Axtel FWA Ammendment No. 2 - Attachment B (1/3) - Apr 2004 
  
 Delivery Schedule Quantities 
  
 New Incremental Orders 2004 
  

																									
	 	 	 	  	 	 	PO Placement & Acceptance

	 	 	 	  	 	 	2004

	 Super Incr.
Order #

	 	 Discreet Super Incremental
Orders

	  	Units

	 	Mar

	 	Apr

	 	May

	 	Jun

	 	Jul

	 	Aug

	 	Sep

	 	Oct

	 	Nov

	 	Dec

	 B1
	 	2k x F2	  	[*]	 	 	 	P&A1	 	 	 	 	 	 	 	 	 	D1	 	 	 	 	 	 
	 B2
	 	1k x F2	  	[*]	 	 	 	P&A1	 	 	 	 	 	 	 	 	 	D1	 	 	 	 	 	 
	 B3
	 	1k x F2	  	[*]	 	 	 	P	 	 	 	A1	 	 	 	 	 	 	 	D1	 	 	 	 
	 B4
	 	6k x F2	  	[*]	 	 	 	P&A1	 	 	 	A2	 	 	 	 	 	 	 	D1	 	D2	 	 
	 B5
	 	7k x F2	  	[*]	 	 	 	P&A1	 	 	 	 	 	A2	 	 	 	 	 	 	 	D1&D2	 	 
	 B6
	 	6k x F2	  	[*]	 	 	 	P	 	 	 	 	 	A1	 	A2	 	 	 	 	 	D1	 	D2
	 B7
	 	5k x F2	  	[*]	 	 	 	P	 	 	 	 	 	 	 	A1	 	 	 	 	 	 	 	D1
	 B8
	 	2.5k x F5 (Includes RDA)	  	[*]	 	 	 	P&A1	 	 	 	 	 	 	 	D1	 	 	 	 	 	 	 	 
	 B9
	 	2.5k x F5 (Includes RDA)	  	[*]	 	 	 	P	 	 	 	A1	 	 	 	 	 	 	 	D1	 	 	 	 
													
	 B10
	 	28 x 27b RBS (wo antennas)	  	[*]	 	 	 	P&A1&A2	 	A3	 	 	 	 	 	D1	 	D2	 	D3	 	 	 	 
	 B11
	 	12 x 27b RBS (wo antennas)	  	[*]	 	 	 	P	 	A1	 	 	 	 	 	 	 	 	 	D1	 	 	 	 
	 B12
	 	1 x 27b RBS (wo antennas)	  	[*]	 	 	 	P	 	A1	 	 	 	 	 	 	 	 	 	D1	 	 	 	 
	 B13
	 	4 x 27b RBS (wo antennas)	  	[*]	 	 	 	P	 	 	 	A1	 	 	 	 	 	 	 	 	 	D1	 	 
	 B14
	 	7 x 18b RBS (wo antennas)	  	[*]	 	 	 	P&A1	 	 	 	 	 	 	 	D1	 	 	 	 	 	 	 	 
	 B15
	 	6 x 18b RBS (wo antennas)	  	[*]	 	 	 	P&A1	 	 	 	 	 	 	 	 	 	D1	 	 	 	 	 	 
	 B16
	 	7 x 18b RBS (wo antennas)	  	[*]	 	 	 	P	 	A1	 	 	 	 	 	 	 	 	 	D1	 	 	 	 
	 B17
	 	6 x 18b RBS (wo antennas)	  	[*]	 	 	 	P	 	A1	 	A2	 	 	 	 	 	 	 	D1	 	D2	 	 
													
	 B18
	 	11 x PD Upgrade	  	[*]	 	 	 	P&A1	 	 	 	 	 	 	 	 	 	D1	 	 	 	 	 	 
	 B19
	 	21 x PD Upgrade	  	[*]	 	 	 	P	 	A1	 	 	 	 	 	 	 	 	 	D1	 	 	 	 
	 B20
	 	15 x TPM - PD’s	  	[*]	 	 	 	P&A1	 	 	 	 	 	 	 	 	 	D1	 	 	 	 	 	 
	 B21
	 	61 x TPM - PD’s	  	[*]	 	 	 	P	 	A1	 	A2	 	 	 	 	 	 	 	D1	 	D2	 	 
													
	 B22
	 	Spares - Note (*)	  	[*]	 	 	 	P&A1&A2	 	A3	 	 	 	 	 	D1	 	D2	 	D3	 	 	 	 

  

																									
	 	 	 	  	 	 	Delivery Schedule Quantities

	 	 	 	  	 	 	2004

	 	2005*

	 Super Incr.
Order #

	 	 Discreet Super Incremental
Orders

	  	Units

	 	May

	 	Jun

	 	Jul

	 	Aug

	 	Sep

	 	Oct

	 	Nov

	 	Dec

	 	Jan

	 	 
	 B1
	 	2k x F2	  	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 	 	 
	 B2
	 	1k x F2	  	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 	 	 
	 B3
	 	1k x F2	  	[*]	 	 	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 
	 B4
	 	6k x F2	  	[*]	 	 	 	 	 	 	 	 	 	 	 	[*]	 	[*]	 	 	 	 	 	 
	 B5
	 	7k x F2	  	[*]	 	 	 	 	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 
	 B6
	 	6k x F2	  	[*]	 	 	 	 	 	 	 	 	 	 	 	 	 	[*]	 	[*]	 	 	 	 
	 B7
	 	5k x F2	  	[*]	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 
	 B8
	 	2.5k x F5 (Includes RDA)	  	[*]	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 	 	 	 	 
	 B9
	 	2.5k x F5 (Includes RDA)	  	[*]	 	 	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 
													
	 B10
	 	28 x 27b RBS (wo antennas)	  	[*]	 	 	 	 	 	 	 	[*]	 	[*]	 	[*]	 	 	 	 	 	 	 	 
	 B11
	 	12 x 27b RBS (wo antennas)	  	[*]	 	 	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 
	 B12
	 	1 x 27b RBS (wo antennas)	  	[*]	 	 	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 
	 B13
	 	4 x 27b RBS (wo antennas)	  	[*]	 	 	 	 	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 
	 B14
	 	7 x 18b RBS (wo antennas)	  	[*]	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 	 	 	 	 
	 B15
	 	6 x 18b RBS (wo antennas)	  	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 	 	 
	 B16
	 	7 x 18b RBS (wo antennas)	  	[*]	 	 	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 
	 B17
	 	6 x 18b RBS (wo antennas)	  	[*]	 	 	 	 	 	 	 	 	 	 	 	[*]	 	[*]	 	 	 	 	 	 
													
	 B18
	 	11 x PD Upgrade	  	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 	 	 
	 B19
	 	21 x PD Upgrade	  	[*]	 	 	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 
	 B20
	 	15 x TPM - PD’s	  	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 	 	 
	 B21
	 	61 x TPM - PD’s	  	[*]	 	 	 	 	 	 	 	 	 	 	 	[*]	 	[*]	 	 	 	 	 	 
													
	 B22
	 	Spares - Note (*)	  	[*]	 	 	 	 	 	 	 	Set 1	 	Set 2	 	Set 3	 	 	 	 	 	 	 	 

			
	Legend:	 	P = Place Order Document 
	 	 	 A1 A2 A3 ... Partial Activation 
 D1 D2 D3
... = Partial Deferred Payment 
 Note (*) Spare Parts details is stated in Attachment B (3/3)

  
 Super Incremental Orders and
associated payments are due on the 15th day of the indicated month. 
 Deliveries are due on the 15th day of the month indicated 
  

 18 

 Axtel FWA Ammendment No. 2 - Attachment B (2/3) - Apr 2004 
  
 Payment Schedule as per Delivery Schedule 
 New Incremental Orders 2004 
  

																															
	 	 	 	  	 	 	 	  	 	 	 	 	PO Placement

	 Super Incr.
Order #
  
 Number
 of the
Incremental
Order

	 	 Discreet Super Incremental Orders

	  	$ Price /Unit

	 	Units

	  	PO Value

	 	% Cash

	 	2004

	 	  	 	  	 	 	Mar

	  	Apr

	  	May

	 	Jun

	  	Jul

	  	Aug

	  	Sep

	  	Oct

	  	Nov

	  	Dec

	 B1
	 	2k x F2	  	[*]	 	2,000	  	[*]	 	[*]	 	 	  	A1	  	 	 	 	  	 	  	 	  	D1	  	 	  	 	  	 
	 B2
	 	1k x F2	  	[*]	 	1,000	  	[*]	 	[*]	 	 	  	A1	  	 	 	 	  	 	  	 	  	D1	  	 	  	 	  	 
	 B3
	 	1k x F2	  	[*]	 	1,000	  	[*]	 	[*]	 	 	  	 	  	 	 	A1	  	 	  	 	  	 	  	D1	  	 	  	 
	 B4
	 	6k x F2	  	[*]	 	6,000	  	[*]	 	[*]	 	 	  	A1	  	 	 	A2	  	 	  	 	  	 	  	D1	  	D2	  	 
	 B5
	 	7k x F2	  	[*]	 	7,000	  	[*]	 	[*]	 	 	  	A1	  	 	 	 	  	A2	  	 	  	 	  	 	  	D1&D2	  	 
	 B6
	 	6k x F2	  	[*]	 	6,000	  	[*]	 	[*]	 	 	  	 	  	 	 	 	  	A1	  	A2	  	 	  	 	  	D1	  	D2
	 B7
	 	5k x F2	  	[*]	 	5,000	  	[*]	 	[*]	 	 	  	 	  	 	 	 	  	 	  	A1	  	 	  	 	  	 	  	D1
	 B8
	 	2.5k x F5 (Includes RDA)	  	[*]	 	2,500	  	[*]	 	[*]	 	 	  	A1	  	 	 	 	  	 	  	D1	  	 	  	 	  	 	  	 
	 B9
	 	2.5k x F5 (Includes RDA)	  	[*]	 	2,500	  	[*]	 	[*]	 	 	  	 	  	 	 	A1	  	 	  	 	  	 	  	D1	  	 	  	 
																
	 B10
	 	28 x 27b RBS (wo antennas)	  	[*]	 	28	  	[*]	 	[*]	 	 	  	A1&A2	  	A3	 	 	  	 	  	D1	  	D2	  	D3	  	 	  	 
	 B11
	 	12 x 27b RBS (wo antennas)	  	[*]	 	12	  	[*]	 	[*]	 	 	  	 	  	A1	 	 	  	 	  	 	  	 	  	D1	  	 	  	 
	 B12
	 	1 x 27b RBS (wo antennas)	  	[*]	 	1	  	[*]	 	[*]	 	 	  	 	  	A1	 	 	  	 	  	 	  	 	  	D1	  	 	  	 
	 B13
	 	4 x 27b RBS (wo antennas)	  	[*]	 	4	  	[*]	 	[*]	 	 	  	 	  	 	 	A1	  	 	  	 	  	 	  	 	  	D1	  	 
	 B14
	 	7 x 18b RBS (wo antennas)	  	[*]	 	7	  	[*]	 	[*]	 	 	  	A1	  	 	 	 	  	 	  	D1	  	 	  	 	  	 	  	 
	 B15
	 	6 x 18b RBS (wo antennas)	  	[*]	 	6	  	[*]	 	[*]	 	 	  	A1	  	 	 	 	  	 	  	 	  	D1	  	 	  	 	  	 
	 B16
	 	7 x 18b RBS (wo antennas)	  	[*]	 	7	  	[*]	 	[*]	 	 	  	 	  	A1	 	 	  	 	  	 	  	 	  	D1	  	 	  	 
	 B17
	 	6 x 18b RBS (wo antennas)	  	[*]	 	6	  	[*]	 	[*]	 	 	  	 	  	A1	 	A2	  	 	  	 	  	 	  	D1	  	D2	  	 
																
	 B18
	 	11 x PD Upgrade	  	[*]	 	11	  	[*]	 	[*]	 	 	  	A1	  	 	 	 	  	 	  	 	  	D1	  	 	  	 	  	 
	 B19
	 	21 x PD Upgrade	  	[*]	 	21	  	[*]	 	[*]	 	 	  	 	  	A1	 	 	  	 	  	 	  	 	  	D1	  	 	  	 
	 B20
	 	15 x TPM - PD’s	  	[*]	 	15	  	[*]	 	[*]	 	 	  	A1	  	 	 	 	  	 	  	 	  	D1	  	 	  	 	  	 
	 B21
	 	61 x TPM - PD’s	  	[*]	 	61	  	[*]	 	[*]	 	 	  	 	  	A1	 	A2	  	 	  	 	  	 	  	D1	  	D2	  	 
																
	 B22
	 	Spares - Note (*)	  	[*]	 	Set	  	[*]	 	[*]	 	 	  	A1&A2	  	A3	 	 	  	 	  	D1	  	D2	  	D3	  	 	  	 
	 	 	 	  	 	 	 	  	
	 	 	 	 	  	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 	  	 	 	Total USD	  	[*]	 	 	 	 	  	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 	  	 	 	 	  	
	 	 	 	 	  	 	  	 	 	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	 	 	  	 	 	 	  	 	 	 	 	 	  	 	  	[*]	 	 	  	 	  	 	  	 	  	 	  	 	  	 

  

																							
	 Super Incr.
 Order #
  
 Number
 of the
Incremental
Order

	 	 Discreet Super Incremental Orders

	  	2004

	 	  	Mar

	  	Apr

	 	May

	 	Jun

	 	Jul

	 	Aug

	 	Sep

	 	Oct

	 	Nov

	 	Dec

	 	 	 	  	$k	  	$k	 	$k	 	$k	 	$k	 	$k	 	$k	 	$k	 	$k	 	$k
	 B1
	 	2k x F2	  	 	  	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 
	 B2
	 	1k x F2	  	 	  	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 
	 B3
	 	1k x F2	  	 	  	 	 	 	 	[*]	 	 	 	 	 	 	 	[*]	 	 	 	 
	 B4
	 	6k x F2	  	 	  	[*]	 	 	 	[*]	 	[*]	 	 	 	 	 	[*]	 	[*]	 	 
	 B5
	 	7k x F2	  	 	  	[*]	 	 	 	 	 	[*]	 	 	 	 	 	 	 	[*]	 	 
	 B6
	 	6k x F2	  	 	  	 	 	 	 	 	 	[*]	 	[*]	 	 	 	 	 	[*]	 	[*]
	 B7
	 	5k x F2	  	 	  	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	[*]
	 B8
	 	2.5k x F5 (Includes RDA)	  	 	  	[*]	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 
	 B9
	 	2.5k x F5 (Includes RDA)	  	 	  	 	 	 	 	[*]	 	 	 	 	 	 	 	[*]	 	 	 	 
												
	 B10
	 	28 x 27b RBS (wo antennas)	  	 	  	[*]	 	[*]	 	 	 	 	 	[*]	 	[*]	 	[*]	 	 	 	 
	 B11
	 	12 x 27b RBS (wo antennas)	  	 	  	 	 	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 
	 B12
	 	1 x 27b RBS (wo antennas)	  	 	  	 	 	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 
	 B13
	 	4 x 27b RBS (wo antennas)	  	 	  	 	 	 	 	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 
	 B14
	 	7 x 18b RBS (wo antennas)	  	 	  	[*]	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 	 	 
	 B15
	 	6 x 18b RBS (wo antennas)	  	 	  	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 
	 B16
	 	7 x 18b RBS (wo antennas)	  	 	  	 	 	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 
	 B17
	 	6 x 18b RBS (wo antennas)	  	 	  	 	 	[*]	 	[*]	 	 	 	 	 	 	 	[*]	 	[*]	 	 
												
	 B18
	 	11 x PD Upgrade	  	 	  	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 
	 B19
	 	21 x PD Upgrade	  	 	  	 	 	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 
	 B20
	 	15 x TPM - PD’s	  	 	  	[*]	 	 	 	 	 	 	 	 	 	[*]	 	 	 	 	 	 
	 B21
	 	61 x TPM - PD’s	  	 	  	 	 	[*]	 	[*]	 	 	 	 	 	 	 	[*]	 	[*]	 	 
												
	 B22
	 	Spares - Note (*)	  	 	  	[*]	 	[*]	 	 	 	 	 	[*]	 	[*]	 	[*]	 	 	 	 
	 	 	 	  	 	  	
	 	
	 	
	 	
	 	
	 	
	 	
	 	
	 	

	 Sub-Total Cash - Incremental RSS & all RBS Due on 15th
	  	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]	 	[*]
	 	 	 	  	 	  	
	 	
	 	
	 	
	 	
	 	
	 	
	 	
	 	

	 	 	 	  	TOTAL (Thousand USD)    2004	 	[*]
	 	 	 	  	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	

			
	Legend:	 	 P = Place Order Document
 A1 A2 A3 ... Partial
Activation 
 D1 D2 D3 ... = Partial Deferred Payment 
 Note (*) Spare Parts details is stated in Attachment B (3/3)

  
 Super Incremental Orders and
associated payments are due on the 15th day of the indicated month. 
 Deliveries are due on the 15th day of the month indicated 
  

 19 

 Axtel FWA Ammendment No. 2 - Attachment B (3/3) - Apr 2004 
  
 Spare Parts to be included 
  

																					
	 	  	Delivery Schedule and Prices of Spare Parts

	 Unit Prices as per Annex F of PLA dated March 20, 2003 as amended

	 	 	  	Spare Parts Qty

	  	Discounted Prices - 20%

	 PEC

	 	 Description

	  	Unit

	 	Ex-Works
Unit Price
USD

	 	Qty

	  	Aug-04

	  	Sep-04

	  	Oct-04

	  	Aug-04

	 	Sep-04

	 	Oct-04

	 NTED4575
	 	 Transceiver Processor Module
	  	1	 	[*]	 	3	  	 	  	 	  	3	  	 	 	 	 	[*]
	 NTEG72AD
	 	 Transceiver Baseband Module Combining Diversity
	  	1	 	[*]	 	44	  	2	  	42	  	 	  	[*]	 	[*]	 	[*]
	 NTEG77EC
	 	 Transceiver Masthead Unit Kit
	  	1	 	[*]	 	40	  	25	  	3	  	12	  	[*]	 	[*]	 	[*]
	 NTEG97PC
	 	 Antenna to TMU 4m Cable
	  	1	 	[*]	 	18	  	 	  	 	  	18	  	 	 	 	 	[*]
	 NTEG76BA
	 	 I.T.S. Fan Tray Assembly
	  	1	 	[*]	 	2	  	 	  	 	  	2	  	 	 	 	 	[*]
	 NTEG76CC
	 	 Secondary DC Breaker Rack Filtered
	  	1	 	[*]	 	2	  	 	  	 	  	2	  	 	 	 	 	[*]
	 NTEG76FB
	 	 I.T.S Basestation Diversity Sub Rack
	  	1	 	[*]	 	2	  	 	  	 	  	2	  	 	 	 	 	[*]
	 NTEG76GA
	 	 I.T.S U.K. Maintenance Port Assembly
	  	1	 	[*]	 	2	  	 	  	 	  	2	  	 	 	 	 	[*]
	 NTEG94QA
	 	 1.0M Internal ITS Cabinet
	  	1	 	[*]	 	 	  	 	  	 	  	 	  	 	 	 	 	[*]
	 NTEG74BA
	 	 Over Voltage Protection Module
	  	1	 	[*]	 	15	  	10	  	 	  	5	  	[*]	 	 	 	[*]
	 NTEG63AA
	 	 Transceiver Timer Module
	  	1	 	[*]	 	12	  	2	  	 	  	10	  	[*]	 	 	 	[*]
	 NTEG73AA
	 	 Network Management Module
	  	1	 	[*]	 	4	  	2	  	 	  	2	  	[*]	 	 	 	[*]
	 NTEG99CJ
	 	 TMU to Cabinet IF  1/2” Cable
	  	500m	 	[*]	 	1	  	 	  	 	  	1	  	 	 	 	 	[*]
	 NTEG91BA
	 	  1/2” IF Cable Connector Kit
	  	1	 	[*]	 	20	  	 	  	 	  	20	  	 	 	 	 	[*]
	 NTEG99CE
	 	 TMU to Cabinet Power Cable
	  	500m	 	[*]	 	1	  	 	  	 	  	1	  	 	 	 	 	[*]
	 NTEG93AA
	 	 Power Cable Connector Kit
	  	1	 	[*]	 	22	  	 	  	 	  	22	  	 	 	 	 	[*]
	 NTEG99CA
	 	 TMU to Cabinet Data Cable
	  	500m	 	[*]	 	1	  	 	  	 	  	1	  	 	 	 	 	[*]
	 NTEG92AA
	 	 Data Cable Connector Kit
	  	1	 	[*]	 	20	  	 	  	 	  	20	  	 	 	 	 	[*]
	 NTEG97ME
	 	 120 Degree Vertical Polarization Antenna
	  	1	 	[*]	 	 	  	 	  	 	  	 	  	 	 	 	 	 
	 NTEG97MF
	 	 120 Degree Horizontal Polarization Antenna
	  	1	 	[*]	 	 	  	 	  	 	  	 	  	 	 	 	 	 
	 NTEG97NE
	 	 60 Degree Vertical Polarization Antenna
	  	1	 	[*]	 	 	  	 	  	 	  	 	  	 	 	 	 	 
	 NTEG97NF
	 	 60 Degree Horizontal Polarization Antenna
	  	1	 	[*]	 	 	  	 	  	 	  	 	  	 	 	 	 	 
	 NTEG97NG
	 	 40 Degree Vertical Polarization Antenna (For orders of less than 120 units)
	  	1	 	[*]	 	 	  	 	  	 	  	 	  	 	 	 	 	 
	 NTEG97NH
	 	 40 Degree Horizontal Polarization Antenna (For orders of less than 120 units)
	  	1	 	[*]	 	 	  	 	  	 	  	 	  	 	 	 	 	 
	 NTEG97NG
	 	 40 Degree Vertical Polarization Antenna (For orders of more than 120 units)
	  	1	 	[*]	 	 	  	 	  	 	  	 	  	 	 	 	 	 
	 NTEG97NH
	 	 40 Degree Horizontal Polarization Antenna (For orders of more than 120 units)
	  	1	 	[*]	 	 	  	 	  	 	  	 	  	 	 	 	 	 
	 NTEG71HA
	 	 Transceiver Processor Module - Packet Data
	  	1	 	[*]	 	20	  	 	  	12	  	8	  	 	 	[*]	 	[*]
	 	 	 	  	 	 	 	 	 	  	 	  	 	  	 	  	[*]	 	[*]	 	[*]
	 	 	 	  	 	 	 	 	 	  	 	  	 	  	 	  	 	 	
	 	 
	 	 	 	  	 	 	 	 	 	  	 	  	 	  	Total USD	  	 	 	[*]	 	 
	 	 	 	  	 	 	 	 	 	  	 	  	 	  	 	  	 	 	
	 	 

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

  

 20Exhibit 4.1

 Exhibit 4.1 
  

 CAPITAL ONE MULTI-ASSET EXECUTION TRUST 
  
 as Issuer 
  
 and 
  
 THE BANK OF NEW YORK 
  
 as Indenture Trustee 
  
 CLASS B(2004-4) TERMS DOCUMENT 
  
 dated as of July 16, 2004 
  
 to

  
 CARD SERIES INDENTURE SUPPLEMENT 
  
 dated as of October 9, 2002 
  
 to 
  
 ASSET POOL 1 SUPPLEMENT 
  
 dated as of October 9, 2002 
  
 to 
  
 INDENTURE 
  
 dated as of October 9, 2002 
  

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page

	 	 	ARTICLE I	  	 
			
	 	 	Definitions and Other Provisions of General Application	  	 
			
	Section 1.01.	 	Definitions	  	1
			
	Section 1.02.	 	Governing Law	  	7
			
	Section 1.03.	 	Counterparts	  	7
			
	Section 1.04.	 	Ratification of Indenture, the Asset Pool 1 Supplement and Indenture Supplement	  	7
			
	 	 	ARTICLE II	  	 
			
	 	 	The Class B(2004-4) Notes	  	 
			
	Section 2.01.	 	Creation and Designation	  	8
			
	Section 2.02.	 	Adjustments to Required Subordinated Percentages	  	8
			
	Section 2.03.	 	Interest Payment	  	8
			
	Section 2.04.	 	Calculation Agent; determination of LIBOR	  	8
			
	Section 2.05.	 	Payments of Interest and Principal	  	9
			
	Section 2.06.	 	Form of Delivery of Class B(2004-4) Notes; Depository; Denominations	  	9
			
	Section 2.07.	 	Delivery and Payment for the Class B(2004-4) Notes	  	10
			
	Section 2.08.	 	Targeted Deposits to the Accumulation Reserve Account	  	10
			
	Section 2.09.	 	[Reserved]	  	10

  

 -i- 

 THIS CLASS B(2004-4) TERMS DOCUMENT (this “Terms Document”), by and between CAPITAL ONE
MULTI-ASSET EXECUTION TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), having its principal office at E. A. Delle Donne Corporate Center, Montgomery Building, 1011 Centre Road, Wilmington, DE
19805 and THE BANK OF NEW YORK, a New York banking corporation, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of July 16, 2004. 
  
 Pursuant to this Terms Document, the Issuer shall create a new tranche of Class B Notes and shall specify the principal
terms thereof. 
  
 ARTICLE I 
  
 Definitions and Other Provisions of General Application 
  
 Section 1.01. Definitions. For all purposes of this Terms Document,
except as otherwise expressly provided or unless the context otherwise requires: 
  

	 	(1)	the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 

  

	 	(2)	all other terms used herein which are defined in the Indenture Supplement, the Asset Pool 1 Supplement or the Indenture, either directly or by reference therein, have the meanings
assigned to them therein; 

  

	 	(3)	all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles and, except as otherwise herein
expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder means such accounting principles as are generally accepted in the United States of America at the date
of such computation; 

  

	 	(4)	all references in this Terms Document to designated “Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions
of this Terms Document; 

  

	 	(5)	the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Terms Document as a whole and not to any particular
Article, Section or other subdivision; 

  

	 	(6)	in the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture Supplement, the Asset Pool 1
Supplement, the Indenture or the Transfer and Administration Agreement, the terms and provisions of this Terms Document shall be controlling; 

  

	 	(7)	each capitalized term defined herein shall relate only to the Class B(2004-4) Notes and no other Tranche of Notes issued by the Issuer; and 

  

 1 

	 	(8)	“including” and words of similar import will be deemed to be followed by “without limitation.” 

  
 “Accumulation Period Amount” means $12,500,000;
provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in
the definition of “Accumulation Period Amount” in the Indenture Supplement. 
  
 “Accumulation Reserve Funding Period” shall mean, (a) if the Accumulation Period Length is determined to be one (1) month, there shall be no Accumulation Reserve Funding Period and (b) otherwise, the
period (x) commencing on the earliest to occur of (i) the Monthly Period beginning three (3) calendar months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account of the Class
B(2004-4) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (ii) the Monthly Period following the first Distribution Date following and including the June 2005 Distribution Date for which the Quarterly Excess Spread Percentage is
less than 2%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 12 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding
sub-Account for the Class B(2004-4) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (iii) the Monthly Period following the first Distribution Date following and including the December 2005 Distribution Date for which the
Quarterly Excess Spread Percentage is less than 3%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 6 months prior to the first Distribution Date for which a budgeted deposit is targeted to be
made into the Principal Funding sub-Account for the Class B(2004-4) Notes pursuant to Section 3.10(b) of the Indenture Supplement, and (iv) the Monthly Period following the first Distribution Date following and including the February 2006
Distribution Date for which the Quarterly Excess Spread Percentage is less than 4%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 4 months prior to the first Distribution Date for which a
budgeted deposit is targeted to be made into the Principal Funding sub-Account for the Class B(2004-4) Notes pursuant to Section 3.10(b) of the Indenture Supplement and (y) ending on the close of business on the last day of the Monthly Period
preceding the earlier to occur of (i) the Expected Principal Payment Date for the Class B(2004-4) Notes and (ii) the date on which the Class B(2004-4) Notes are paid in full. 
  
 “Aggregate Class B Unencumbered Amount” means an amount equal to the Adjusted Outstanding Dollar Principal
Amount of all Class B Notes in the Card Series minus the sum of the Required Subordinated Amount of Class B Notes for all Class A Notes in the Card Series. 
  
 “Asset Pool 1 Supplement” means the Asset Pool 1 Supplement dated as of October 9, 2002, by and between the
Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
  
 “Base Rate” means, with respect to any Monthly Period, the sum of (a) the Card Series Servicing Fee Percentage and (b) the weighted average (based on the Outstanding Dollar Principal Amount of the
related Card Series Notes) of the following: 
  
 (i) in the case of a Tranche of Card Series Dollar Interest-bearing Notes with no Derivative Agreement for interest, the rate of interest applicable to such 
  

 2 

 Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card
Series Dollar Interest-bearing Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Dollar Interest-bearing Notes in the following Monthly Period; 
  
 (ii) in the case of a Tranche of Card Series Discount Notes,
the rate of accretion (converted to an accrual rate) of such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Discount Notes in such Monthly Period to but excluding the Monthly Interest
Accrual Date for such Tranche of Card Series Discount Notes in the following Monthly Period; 
  
 (iii) in the case of a Tranche of Card Series Notes with a Performing Derivative Agreement for interest, the rate at which payments by the
Issuer to the applicable Derivative Counterparty accrue (prior to the netting of such payments, if applicable) for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Notes in such Monthly Period to but
excluding the Monthly Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; provided, however, that in the case of a Tranche of Card Series Notes with a Performing Derivative Agreement for interest in which the
rating on such Tranche of Card Series Notes is not dependant upon the rating of the applicable Derivative Counterparty, the amount determined pursuant to this clause (iii) will be the higher of (1) the rate determined pursuant to this clause (iii)
above and (2) the rate of interest applicable to such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for
such Tranche of Card Series Notes in the following Monthly Period; and 
  
 (iv) in the case of a tranche of Card Series Notes with a non-Performing Derivative Agreement for interest, the rate specified for that date in the related Terms Document. 
  
 “Calculation Agent” is defined in Section 2.04(a).

  
 “Class B(2004-4) Adverse Event” means the
occurrence of any of the following: (a) an Early Redemption Event with respect to the Class B(2004-4) Notes or (b) an Event of Default and acceleration of the Class B(2004-4) Notes. 
  
 “Class B(2004-4) Note” means any Note, substantially in the form set forth in Exhibit A-2 to the
Indenture Supplement, designated therein as a Class B(2004-4) Note and duly executed and authenticated in accordance with the Indenture. 
  
 “Class B(2004-4) Noteholder” means a Person in whose name a Class B(2004-4) Note is registered in the Note Register. 
  
 “Class B(2004-4) Termination Date” means the earliest to
occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class B(2004-4) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on which the Indenture is discharged and satisfied pursuant to
Article VI thereof. 
  

 3 

 “Encumbered Required Subordinated Amount of Class C Notes” means, for the Class
B(2004-4) Notes, an amount equal to the product of (a) the aggregate Required Subordinated Amount of Class C Notes for all Class A Notes in the Card Series with a Required Subordinated Amount of Class B Notes greater than zero and (b) the percentage
equivalent of a fraction, the numerator of which is the Adjusted Outstanding Dollar Principal Amount of the Class B(2004-4) Notes and the denominator of which is the Adjusted Outstanding Dollar Principal Amount of all Class B Notes in the Card
Series. 
  
 “Encumbered Required Subordinated Amount of
Class D Notes” means, for the Class B(2004-4) Notes, an amount equal to the product of (a) the aggregate Required Subordinated Amount of Class D Notes for all Class A Notes in the Card Series with a Required Subordinated Amount of Class B
Notes greater than zero and (b) the percentage equivalent of a fraction, the numerator of which is the Adjusted Outstanding Dollar Principal Amount of the Class B(2004-4) Notes and the denominator of which is the Adjusted Outstanding Dollar
Principal Amount of all Class B Notes in the Card Series. 
  
 “Excess Spread Percentage” shall mean, with respect to any Distribution Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period. 
  
 “Expected Principal Payment Date” means July 16, 2007.

  
 “Initial Dollar Principal Amount” means
$150,000,000. 
  
 “Indenture” means the Indenture
dated as of October 9, 2002, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
  
 “Indenture Supplement” means the Card Series Indenture Supplement dated as of October 9, 2002, by and between the Issuer and the
Indenture Trustee, as amended and supplemented from time to time. 
  
 “Interest Payment Date” means the fifteenth day of each month commencing in August 2004, or if such fifteenth day is not a Business Day, the next succeeding Business Day. 
  
 “Interest Period” means, with respect to any Interest
Payment Date, the period from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance Date) through the day preceding such Interest Payment Date. 
  
 “Issuance Date” means July 16, 2004. 
  
 “Legal Maturity Date” means May 17, 2010. 
  
 “LIBOR” means, for any Interest Period, the London interbank
offered rate for one-month United States dollar deposits determined by the Calculation Agent on the LIBOR Determination Date for each Interest Period in accordance with the provisions of Section 2.04. 
  

 4 

 “LIBOR Determination Date” means July 14, 2004 for the period from and including the
Issuance Date to but excluding August 16, 2004 and the second London Business Day prior to the commencement of the second and each subsequent Interest Period. 
  

“London Business Day” means any Business Day on which dealings in deposits in United States Dollars are transacted in the London
interbank market. 
  
 “Note Interest Rate” means
a rate per annum equal to 0.30% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period. 
  
 “Paying Agent” means The Bank of New York. 
  
 “Portfolio Yield” means, with respect to any Monthly Period, the annualized percentage equivalent of a
fraction: 
  
 (a) the numerator of which is equal to the sum of:

  
 (i) the aggregate amount of Finance Charge
Amounts allocated to the Card Series with respect to such Monthly Period; plus 
  
 (ii) the aggregate amount of Interest Funding sub-Account Earnings on all Tranches of Card Series Notes for such Monthly Period;
plus 
  
 (iii) any amounts to be treated
as Card Series Finance Charge Amounts pursuant to Sections 3.20(d) and 3.27(a) of the Indenture Supplement; minus 
  
 (iv) the excess, if any, of (1) the sum of the PFA Prefunding Earnings Shortfall plus the PFA Accumulation Earnings Shortfall over
(2) the sum of the aggregate amount to be treated as Card Series Finance Charge Amounts for such Monthly Period pursuant to Sections 3.04(a)(ii) and 3.25(a) of the Indenture Supplement plus any other amounts applied to cover
earnings shortfalls on amounts in the Principal Funding sub-Account for any tranche of Card Series Notes for such Monthly Period; minus 
  
 (v) the Card Series Default Amount for such Monthly Period; and 
  
 (b) the denominator of which is the numerator used in the calculation of the Card Series Floating Allocation Percentage for
such Monthly Period. 
  
 “Quarterly Excess Spread
Percentage” means, with respect to the June 2005 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the
immediately preceding three Monthly Periods and the denominator of which is three. 
  
 “Record Date” means, for any Distribution Date, the last Business Day of the preceding Monthly Period. 
  

 5 

 “Reference Banks” means four major banks in the London interbank market selected by the
Beneficiary. 
  
 “Required Accumulation Reserve
sub-Account Amount” means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class B(2004-4) Notes as of the close of business on
the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation
that a Ratings Effect will not occur with respect to such change. 
  
 “Required Subordinated Amount of Class C Notes” means, for the Class B(2004-4) Notes, an amount equal to the sum of (a) the Unencumbered Required Subordinated Amount of Class C Notes for such Class B(2004-4) Notes and (b)
the Encumbered Required Subordinated Amount of Class C Notes for such Class B(2004-4) Notes; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such
date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required Subordinated Amount of Class C Notes for the
Class B(2004-4) Notes will not be less than an amount equal to (i) 3.0% of the Initial Dollar Principal Amount of the Class B(2004-4) Notes, minus (ii) the Required Subordinated Amount of Class D Notes for the Class B(2004-4) Notes;
provided further, however, that for any date of determination on or after the occurrence and during the continuation of a Class B(2004-4) Adverse Event, the Required Subordinated Amount of Class C Notes for the Class B(2004-4)
Notes will be the greater of (x) the amount determined above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class B(2004-4) Adverse Event shall have occurred and (z) unless
(i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of
Card Series Notes, the amount determined pursuant to the preceding proviso. 
  
 “Required Subordinated Amount of Class D Notes” means, for the Class B(2004-4) Notes, an amount equal to the sum of (a) the Unencumbered Required Subordinated Amount of Class D Notes for such Class
B(2004-4) Notes and (b) the Encumbered Required Subordinated Amount of Class D Notes for such Class B(2004-4) Notes; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche of Card
Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required Subordinated Amount of
Class D Notes for the Class B(2004-4) Notes will not be less than an amount equal to 1.6439% of the Initial Dollar Principal Amount of the Class B(2004-4) Notes, provided further, however, that for any date of determination on
or after the occurrence and during the continuation of a Class B(2004-4) Adverse Event, the Required Subordinated Amount of Class D Notes for the Class B(2004-4) Notes will be the greatest of (x) the amount determined above for such date of
determination, (y) the amount determined above for the date immediately prior to the date on which such Class B(2004-4) Adverse Event shall have occurred and (z) unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such
date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the amount determined pursuant to the preceding proviso.

  

 6 

 “Required Subordinated Percentage of Class C Notes” means, for the Class B(2004-4)
Notes, 7.9453%, subject to adjustment in accordance with Section 2.02. 
  
 “Required Subordinated Percentage of Class D Notes” means, for the Class B(2004-4) Notes, 1.6439%, subject to adjustment in accordance with Section 2.02. 
  
 “Stated Principal Amount” means $150,000,000. 
  
 “Telerate Page 3750” means the display page currently so
designated on the Moneyline Telerate Service (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices). 
  
 “Unencumbered Amount” means, for the Class B(2004-4) Notes, an amount equal to the product of (a) the
percentage equivalent of a fraction, the numerator of which is the Aggregate Class B Unencumbered Amount and the denominator of which is the Adjusted Outstanding Dollar Principal Amount of all Class B Notes in the Card Series and (b) the Adjusted
Outstanding Dollar Principal Amount of the Class B(2004-4) Notes. 
  
 “Unencumbered Required Subordinated Amount of Class C Notes” means, for the Class B(2004-4) Notes, an amount equal to the product of (a) the Unencumbered Amount for the Class B(2004-4) Notes and (b) the Required
Subordinated Percentage of Class C Notes for the Class B(2004-4) Notes. 
  
 “Unencumbered Required Subordinated Amount of Class D Notes” means, for the Class B(2004-4) Notes, an amount equal to the product of (a) the Unencumbered Amount for the Class B(2004-4) Notes and (b) the Required
Subordinated Percentage of Class D Notes for the Class B(2004-4) Notes. 
  
 Section 1.02. Governing Law. THIS TERMS DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  
 Section 1.03. Counterparts. This Terms Document may be executed in any number of counterparts, each of which so executed will be deemed to be an
original, but all such counterparts will together constitute but one and the same instrument. 
  
 Section 1.04. Ratification of Indenture, the Asset Pool 1 Supplement and Indenture Supplement. As supplemented by this Terms Document, each of the Indenture, the Asset Pool 1 Supplement and the Indenture
Supplement is in all respects ratified and confirmed and the Indenture as so supplemented by the Asset Pool 1 Supplement as so supplemented by the Indenture Supplement as so supplemented and this Terms Document shall be read, taken and construed as
one and the same instrument. 
  
 [END OF ARTICLE I] 
  

 7 

 ARTICLE II 
  
 The Class B(2004-4) Notes 
  
 Section 2.01. Creation and Designation. There is hereby created a tranche of Card Series Class B Notes to be issued pursuant to the Indenture, the
Asset Pool 1 Supplement and the Indenture Supplement to be known as the “Card Series Class B(2004-4) Notes.” 
  
 Section 2.02. Adjustments to Required Subordinated Percentages. 
  
 (a) On any date, the Issuer may increase the Required Subordinated Percentage of Class C Notes or the Required Subordinated
Percentage of Class D Notes, in each case, for the Class B(2004-4) Notes without the consent of any Noteholders or the Note Rating Agencies. 
  
 (b) On any date, the Issuer may reduce the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in
each case for the Class B(2004-4) Notes, provided that the Issuer has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Notes of the Card Series that the change in such percentage will not result in a
Ratings Effect with respect to any Outstanding Class B(2004-4) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion for each Master Trust and an Issuer Tax Opinion. 
  
 Section 2.03. Interest Payment. 
  
 (a) For each Interest Payment Date, the amount of interest due with respect
to the Class B(2004-4) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Note Interest
Rate in effect with respect to the related Interest Period, times (ii) the Outstanding Dollar Principal Amount of the Class B(2004-4) Notes determined as of the Record Date preceding the related Distribution Date. Any interest on the Class
B(2004-4) Notes will be calculated on the basis of the actual number of days in the related Interest Period and a 360-day year. 
  
 (b) Pursuant to Section 3.03 of the Indenture Supplement, on each Distribution Date, the Indenture Trustee shall deposit into the Class B(2004-4)
Interest Funding sub-Account the portion of Card Series Finance Charge Amounts allocable to the Class B(2004-4) Notes. 
  
 Section 2.04. Calculation Agent; Determination of LIBOR. 
  

(a) The Issuer hereby agrees that for so long as any Class B(2004-4) Notes are Outstanding, there shall at all times be an agent appointed to calculate
LIBOR for each Interest Period (the “Calculation Agent”). The Issuer hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period. The Calculation Agent may be
removed by the Issuer at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuer, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuer shall promptly appoint a
replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuer or its Affiliates. The Calculation Agent may not resign its duties, and the Issuer may not remove the Calculation Agent, without a
successor having been duly appointed. 
  

 8 

 (b) On each LIBOR Determination Date, the Calculation Agent shall determine LIBOR on the basis of the
rate for deposits in United States dollars for a one-month period which appears on Telerate Page 3750 as of 11:00 a.m., London time, on such date. If such rate does not appear on Telerate Page 3750, the rate for that LIBOR Determination Date shall
be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period. The
Calculation Agent shall request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of
the quotations. If fewer than two quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Beneficiary, at approximately
11:00 a.m., New York City time, on that day for loans in United States dollars to leading European banks for a one-month period. 
  
 (c) The Note Interest Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by telephoning the Indenture
Trustee at its corporate trust office at (212) 815-3247 or such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time to time.

  
 (d) On each LIBOR Determination Date, the Calculation Agent
shall send to the Indenture Trustee, the Issuer, the Beneficiary and the Servicer, by facsimile transmission or electronic transmission, notification of LIBOR for the following Interest Period. 
  
 Section 2.05. Payments of Interest and Principal. 
  
 (a) Any installment of interest or principal, if any, payable on any Class
B(2004-4) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class B(2004-4)
Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not
later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on
such Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee.

  
 (b) The right of the Class B(2004-4) Noteholders to receive
payments from the Issuer will terminate on the first Business Day following the Class B(2004-4) Termination Date. 
  
 Section 2.06. Form of Delivery of Class B(2004-4) Notes; Depository; Denominations. 
  
 (a) The Class B(2004-4) Notes shall be delivered in the form of a global Registered Note as provided in Sections 202
and 301(i) of the Indenture, respectively. 
  

 9 

 (b) The Depository for the Class B(2004-4) Notes shall be The Depository Trust Company, and the Class
B(2004-4) Notes shall initially be registered in the name of Cede & Co., its nominee. 
  
 (c) The Class B(2004-4) Notes will be issued in minimum denominations of $5,000 and integral multiples of $1,000 in excess of that amount. 
  
 Section 2.07. Delivery and Payment for the Class B(2004-4) Notes. The Issuer shall execute and deliver the Class
B(2004-4) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class B(2004-4) Notes when authenticated, each in accordance with Section 303 of the Indenture. 
  
 Section 2.08. Targeted Deposits to the Accumulation Reserve Account.

  
 The deposit targeted to be made to the Accumulation Reserve
Account for any Monthly Period during the Accumulation Reserve Funding Period will be an amount equal to the Required Accumulation Reserve sub-Account Amount. 
  

Section 2.09. [Reserved]. 
  
 [END OF ARTICLE II] 
  

 10 

 IN WITNESS WHEREOF, the parties hereto have caused this Terms Document to be duly executed, all as of the
day and year first above written. 
  

			
	 CAPITAL ONE MULTI-ASSET EXECUTION TRUST,
 by DEUTSCHE BANK TRUST COMPANY
 DELAWARE, not in its individual capacity, but solely as
 Owner Trustee on behalf of the Trust

		
	 By:
	 	 /s/ Michele Voon

	 Name:
	 	 Michele Voon

	 Title:
	 	 Attorney-in-fact

	
	 THE BANK OF NEW YORK, as Indenture Trustee
 and not in its individual capacity

		
	 By:
	 	 /s/ James Bowden

	 Name:
	 	 James Bowden

	 Title:
	 	 Assistant Treasurer

  
 [Signature Page
to the Class B(2004-4) Terms Document]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}]]