Document:

Exhibit 4.35

 

 

1 June 2005

 

 

Vodafone International Holdings B.V.

15th Floor

Rivium Quadrant 173-177

2909 LC CAPELLE AAN DEN IJSSEL

The Netherlands

 

 

Dear Sirs,

 

Amendment to USD
149,515,498.00 Loan Agreement, dated 20 May 2005, between Mobifon Holdings
B.V. (the “Borrower”) and Vodafone International Holdings B.V. (the “Lender”)
(the “Facility”).

 

We hereby request you to agree
to the following change to the terms of the above Facility with effect from 2 June 2005:

 

 

Article 2 The
Principal and Interest

 

The
currency denomination of this loan facility shall be changed to Euro at a rate
of USD/EUR 1.2263.  The facility
amount shall therefore be € 121,924,078.94

 

The interest rate charged on
amounts drawn under this facility shall be changed from 8% to 6.86% from 2 June 2005.

 

Please signify your acceptance of this
amendment by signing where indicated below.

 

 

	
  Signed by

  	
   

  	
   

  
	
  for and on behalf of

  	
   

  
	
  MOBIFON HOLDINGS B.V.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Signed by

  	
   

  
	
  for and on behalf of

  	
   

  	
   

  
	
  VODAFONE INTERNATIONAL
  HOLDINGS B.V.

  	
   

  

 

 

Mobifon Holdings B.V.

Rivium Quadrant 173-177

2909 LC Capelle aan den IJssel

 

1Exhibit 4.36

 

 

1 June 2005

 

 

Vodafone International Holdings B.V.

15th Floor

Rivium Quadrant 173-177

2909 LC CAPELLE AAN DEN IJSSEL

The Netherlands

 

Dear Sirs,

 

Amendment to USD
303,062,447.00 Loan Agreement, dated 20 May 2005, between Mobifon Holdings
B.V. (the “Borrower”) and Vodafone International Holdings B.V. (the “Lender”)
(the “Facility”).

 

We hereby request you to agree
to the following change to the terms of the above Facility with effect from 2 June 2005:

 

 

Article 2 The
Principal and Interest

 

The
currency denomination of this loan facility shall be changed to Euro at a rate
of USD/EUR 1.2263.  The facility
amount shall therefore be € 247,135,649.51

 

The interest rate charged on
amounts drawn under this facility shall be changed from 8% to 6.86% from 2 June 2005.

 

Please signify your acceptance of this
amendment by signing where indicated below.

 

 

	
  Signed by

  	
   

  	
   

  
	
  for and on behalf of

  	
   

  
	
  MOBIFON HOLDINGS B.V.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Signed by

  	
   

  
	
  for and on behalf of

  	
   

  	
   

  
	
  VODAFONE INTERNATIONAL
  HOLDINGS B.V.

  	
   

  

 

 

Mobifon Holdings B.V.

Rivium Quadrant 173-177

2909 LC Capelle aan den IJssel

 

1Exhibit 4.37

 

EXECUTION
VERSION

 

TERMINATION AGREEMENT

 

This
Termination Agreement (this “Agreement”), is dated as of May 31,
2005, by and among Telesystem International Wireless Corporation, N.V., a company
incorporated under the laws of the Netherlands (“TIWC”), MobiFon
Holdings B.V., a company incorporated under the laws of the Netherlands(“MobiFon
Holdings”), and Vodafone Europe B.V., a company incorporated under the laws
of the Netherlands (“Vodafone”), and relates to the Romania GSM
Cooperation Agreement, dated as of November 29, 1996 (the “Cooperation
Agreement”) by and between TIWC and Vodafone (formerly known as AirTouch
Europe B.V.), and the Undertaking of Adherence to Cooperation Agreement dated July 24,
2002 (the “Adherence Agreement”) executed by MobiFon Holdings (formerly
known as ClearWave Holdings B.V.) pursuant to which MobiFon Holdings became a
Party to the Cooperation Agreement. 
Capitalized terms used but not defined herein shall have the meanings
ascribed to such terms in the Cooperation Agreement.

 

RECITALS

 

WHEREAS,
each of the parties hereto is party to the Cooperation Agreement.

 

WHEREAS,
in connection with certain transactions contemplated by the Amended and
Restated Framework Agreement Relating to ClearWave N.V. dated 18 April 2005
(the “Framework Agreement”), by and between Telesystem International
Wireless Inc. and Vodafone International Holdings B.V., each of TIWC, MobiFon
Holdings and Vodafone wishes to terminate and extinguish all of its obligations
and liabilities under and in respect of, the Cooperation Agreement and the
Adherence Agreement, and is agreeable to releasing each of the other Parties from
all such obligations and liabilities in accordance with the terms and
conditions of this Agreement.

 

NOW
THEREFORE, based on the premises and covenants contained herein, the Parties
hereto hereby agree as follows:

 

AGREEMENT

 

1.                                       Termination. 
Pursuant to Section 22(c) of the Cooperation Agreement, TIWC,
MobiFon Holdings and Vodafone hereby terminate and extinguish all of their
obligations and liabilities under and in respect of, the Cooperation Agreement and
the Adherence Agreement from and after the date of this Agreement, and each of
the Parties hereto hereby releases and discharges each of the other Parties and
its successors and assigns from all obligations and liabilities whatsoever,
whether now existing or hereafter arising, under or in respect of the Cooperation
Agreement or the Adherence Agreement or any terms or conditions thereof.

 

2.                                       Further Assurances. 
From time to time after the date hereof, each of TIWC, MobiFon Holdings
and Vodafone shall execute and deliver all such additional assignments,
instruments, notices, releases, and other documents, and shall take such other
action, all in

 

1

 

accordance with applicable law,
as may be reasonably requested by any of the other Parties in order to
consummate more effectively the transactions contemplated to occur hereunder.

 

3.                                       Governing Law. 
This Agreement shall be governed by and construed in accordance with the
laws of the State of California, U.S.A., and shall benefit and be binding upon
the Parties and their respective successors and assigns.

 

4.                                       Counterparts. 
This Agreement may be executed and delivered (including by facsimile
transmission) in one or more counterparts, all of which shall be considered one
and the same agreement and shall become effective when one or more counterparts
have been signed by each of the Parties and delivered to each of the other Parties,
it being understood that all Parties need not sign the same counterpart.

 

5.                                       Entire Agreement. 
This Agreement constitutes the entire agreement of the Parties hereto
and supersedes all prior agreements, letters of intent and understandings, both
written and oral, among the Parties with respect to the subject matter hereof.

 

6.                                       Amendment. 
Any provision of this Agreement may be amended and the observance of any
provision of this Agreement may be waived (either generally or in a particular
instance and either retroactively or prospectively) only with the consent of
all of the Parties hereto.

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the Parties hereto as
of the date first above written.

 

	
   

  	
  TELESYSTEM
  INTERNATIONAL

  
	
   

  	
  WIRELESS
  CORPORATION, N.V.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MOBIFON
  HOLDINGS B.V.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  VODAFONE
  EUROPE B.V.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:Exhibit 4.38

 

 

TAX
SHARING AGREEMENT

 

by and
between

 

ClearWave
N.V.

 

and

 

Mobifon
Holdings B.V.

 

 

Dated as
of March 15, 2004

 

 

TABLE OF
CONTENTS

 

 

	
  Article 1

  	
  Preparation of Financials

  	
  4

  
	
   

  	
   

  	
   

  
	
  Article 2

  	
  First Application

  	
  4

  
	
   

  	
   

  	
   

  
	
  Article 3

  	
  Determination of Tax Profit or Loss

  	
  4

  
	
   

  	
   

  	
   

  
	
  Article 4

  	
  Tax Refund to Parent

  	
  4

  
	
   

  	
   

  	
   

  
	
  Article 5

  	
  Tax Refund to Subsidiary

  	
  4

  
	
   

  	
   

  	
   

  
	
  Article 6

  	
  Reassessment; Reconciliation

  	
  5

  
	
   

  	
   

  	
   

  
	
  Article 7

  	
  Termination

  	
  5

  
	
   

  	
   

  	
   

  
	
  Article 8

  	
  Miscellaneous

  	
  5

  
	
   

  	
   

  	
   

  
	
  Article 9

  	
  Applicable law – Dispute Settlement

  	
  5

  

 

 

TAX
SHARING AGREEMENT

 

THIS TAX SHARING AGREEMENT (THE “AGREEMENT”)
IS EFFECTIVE AS OF MARCH 15, 2002 (THE “EFFECTIVE DATE”),

 

BY AND AMONG:

 

1.                                       ClearWave N.V. a private company with limited liability
incorporated under the laws of the Netherlands, with its statutory seat in
Amsterdam, the Netherlands and with its principal place of business at Strawinskylaan
707, 1077 XX, Amsterdam, the Netherlands, hereinafter referred to as “Parent”,

 

and

 

2.                                       Mobifon Holdings B.V. a private company with limited
liability incorporated under the laws of the Netherlands, with its statutory
seat in Amsterdam, the Netherlands and with its principal place of business at
Strawinskylaan 707, 1077 XX, Amsterdam, the Netherlands, hereinafter referred
to as “Subsidiary”,

 

Parent and Subsidiary hereinafter collectively being referred to as the
“Parties”.

 

WHEREAS:

 

•                                          Parent
is holder of all issued and outstanding shares in Subsidiary;

 

•                                          Parent
and Subsidiary are treated as a fiscal unity under article 15 of the Dutch
Corporation Tax Act as of March 15, 2002, being the date of incorporation
of Subsidiary by Parent.  As a
consequence all corporation tax assessment for the unity are directed at the
Parent; and

 

•                                          Parent
and Subsidiary desire to agree upon a method of determining the financial
consequences of filing the corporation tax return as a fiscal unity. Since each
party is a legal entity with its own profit and loss account, parties desire to
agree upon an allocation of the tax paid by the unity in a manner that property
reflects the share of tax that should be borne by each of the separate entities
of the unity.

 

 

NOW THEREFORE, THE PARTIES HAVE AGREED AS
FOLLOWS:

 

Article 1                                               Preparation
of Financials

 

Each Party will annually prepare stand alone
balance sheet and profit and loss accounts as determined by application of the rules and
regulations of the Dutch Corporation Tax Act 1969, using the methods and
prudence rules (In Dutch: Goel Koopmansgebruik)
as used by the parent in the corporation tax return of the unity, as if the
fiscal unity does not exist.

 

Article 2                                               First
Application

 

This tax profit and loss account and balance
sheet will be first determined for the tax year 2002, being the first year in
which Parent and Subsidiary are treated as a fiscal unity under article 15
of the Dutch Corporation Tax Act 1969.

 

Article 3                                               Determination
of Tax Profit or Loss

 

Each party will determine the amount of tax payable
to or due by the tax authorities based on the aforementioned tax profit and
loss accounts and balance sheets for all the relevant years, as if the fiscal
unity does not exist.

 

Article 4                                               Tax
Refund to Parent

 

If with respect to Parent, based on the stand
alone tax profit and loss accounts and balance sheets, any tax would have been
due but for the circumstance that it is part of the fiscal unity. Parent will
be due such same amount to Subsidiary within 6 months after the end of the tax
year.

 

Article 5                                               Tax
Refund to Subsidiary

 

If with respect to Subsidiary, based on the
stand alone tax profit and loss accounts and balance sheets, any tax would have
been due but for the circumstance that it is part of the fiscal unity.  Subsidiary will be due such same amount to
Parent within 6 months after the end of the tax year.

 

 

Article 6                                               Reassessment;
Reconciliation

 

If upon audit by the tax authorities or due to agreements with the tax
authorities or as a result from litigation or otherwise in final assessment,
the tax profit and loss and balance sheet of Parent and or Subsidiary do not
properly reflect the tax position of Parent and or Subsidiary had it not been
part of the fiscal unity. Parent respectively Subsidiary will amend its tax
profits and loss account to reflect such final assessment. If tax profit and
loss accounts need to be restated, reconciliatory payments between Parent and
Subsidiary will take place within three months after the tax assessment has
become final.

 

Article 7                                               Termination

 

This Agreement may be terminated by either party given at least one
month’s prior written notice to the other party. In such event termination
shall take effect as per the tax year starting following the year in which the
written notice was given. In any event this Agreement shall terminate as per
the date the fiscal unity under article 15 of the Dutch Corporation Tax
Act 1969 shall terminate with respect to Parent and Subsidiary.

 

Article 8                                               Miscellaneous

 

This Agreement may be executed in two (2) or more counterparts,
all of which, taken together, shall be effective as if all signatures on the
counterparts were on a single copy of this Agreement.

 

Article 9                                               Applicable
law – Dispute Settlement

 

This Agreement is construed by and shall be governed in accordance with
the laws of the Netherlands.

 

Any dispute, controversy or claim arising under, out of, or relating
to, this Agreement, shall be referred to the competent court in Amsterdam, the
Netherlands.

 

THUS AGREED UPON AND, IN WITNESS WHEREOF, THE
PARTIES HERETO HAVE CAUSED THIS AGREEMENT TO BE EXECUTED ON MARCH 19, 2004
TO BE EFFECTIVE AS OF THE EFFECTIVE DATE.

 

 

 

	
  ClearWave N.V.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Mr Kees van Ravenhorst

  	
   

  	
   

  
	
  Name:

  	
  Mr Kees van Ravenhorst

  	
   

  
	
   

  	
  Managing Director

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  MobiFon Holdings B.V.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ ClearWave N.V.

  	
   

  	
   

  
	
  Name:

  	
  ClearWave N.V.

  	
   

  
	
  Title:

  	
  Managing Director

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