Document:

ex10-2_406508.htm

    Exhibit
10.2

    FORM OF NOTE AMENDMENT No
2

     

    This NOTE
AMENDMENT No. 2 (this “Amendment”) is
entered into as of January 14, 2010, by and among Global Telecom &
Technology, Inc. (the “Company”) and the
undersigned holder (the “Holder”) of the
Company’s 10% promissory notes issued on October 15, 2006 and due on December
31, 2010 (the “Notes”).

     

    RECITALS

     

    A.           On
October 15, 2006, the Company issued a Note to the Holder due December 31, 2007,
which Note was amended by a Note Amendment Agreement dated November 13,
2007.

     

    B.           The
Notes, as amended, provide for subordination of the payment obligations under
the Notes to certain other obligations of the Company, up to an aggregate amount
of $4,000,000.

     

    C.           The
Company is engaged in acquisition activities in order to expand it’s business,
and in connection therewith the Company is: (1) seeking to amend its existing
credit agreement with Silicon Valley Bank in order to increase the available
borrowings thereunder, (2) issuing up to $750,000 in principal amount of notes
to the sellers of WBS Connect in connection with the acquisition thereof by the
Company, which notes will be subordinated in right of payment to the Notes, and
(3) seeking to raise up to $3,500,000 in principal amount of unsecured
promissory notes due in 2011 that will be subordinated in right of payment to
the Notes.

     

    D.           In
recognition of the benefits that will accrue to the Company as a result of these
activities, and in recognition of the benefits that will accrue to the Holder in
his capacity as a holder of Notes, the Company and the Holder agree as
follows:

     

    AGREEMENT

     

    1.   Amendment.  Effective
as of the date of this Amendment, the Holder’s Note is hereby amended by
deleting the reference to $4,000,000 in Section 2 thereof and inserting the
amount of $8,000,000 in lieu thereof.

     

    2.   No
Waiver.  Except as expressly stated herein, nothing herein
shall be deemed to constitute a waiver of compliance with, or other modification
of, any term or condition contained in the Notes.

     

    3.   Successors and
Assigns.  This Amendment shall be binding upon and inure to the
benefit of the Holder and the Company and their successors and permitted
assigns.

     

    4.   GOVERNING
LAW.  THIS AMENDMENT SHALL BE GOVERNED BY AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF
VIRGINIA APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.   Attachment to
Note.  The Holder agrees to attach a copy of this Amendment to
his Note, and upon demand of the Company to deliver the original Note for
replacement and exchange for a new note reflecting the amendments set forth in
this Amendment and any prior amendments of such Note.

     

    IN
WITNESS WHEREOF, the parties hereto have caused this Note Amendment No.
2  to be duly executed as of the date first written
above.

     

    GLOBAL
TELECOM & TECHNOLOGY, INC.

    

    

    By:
______________________________

    Name:           Eric
A. Swank

    Title:           Chief
Financial Officer

    

    

    ______________________________________

    Name:

    
 

     

     

     

     

    
      
         

      

      
        2Unassociated Document

    Exhibit
10.3

     

    NOTE
AMENDMENT

     

    This NOTE
AMENDMENT (this “Amendment”) is
entered into as of the Effective Date (as defined below) by and among Global
Telecom & Technology, Inc. (the “Company”) and the
holders (“Holders”) of the
Company’s 10% convertible subordinated notes due on December 31, 2010 issued
November 2007 (the “Notes”).

     

    RECITALS

     

    A.           On
November 12, 2007 the Company issued $3,528,987 in principal amount of the Notes
to certain Holders in exchange for notes of the Company due April 2008, and on
November 13, 2007 the Company issued $1,900,000 in principal amount of the Notes
to certain Holders in exchange for cash investments.

     

    B.           The
Notes provide for subordination of the payment obligations under the Notes to
certain other obligations of the Company, up to an aggregate amount of
$4,000,000.

     

    C.           The
Company is engaged in acquisition activities in order to expand it’s business,
and in connection therewith the Company is: (1) seeking to amend its existing
credit agreement with Silicon Valley Bank in order to increase the available
borrowings thereunder, (2) issuing $750,000 in principal amount of notes to the
sellers of WBS Connect in connection with the acquisition thereof by the
Company, which notes will be subordinated in right of payment to the Notes, and
(3) seeking to raise up to $3,500,000 in principal amount of unsecured
promissory notes due in 2011 that will be subordinated in right of payment to
the Notes.

     

    D.           In
recognition of the benefits that will accrue to the Company as a result of these
activities, and in recognition of the benefits that will accrue to Holders in
their capacity as holders of Notes, the Company and the Holders agree as
follows:

     

    AGREEMENT

     

    1. Amendment.  Effective
as of the Effective Date, the Notes are hereby amended by deleting the reference
to $4,000,000 in Section 8 thereof and inserting the amount of $8,000,000 in
lieu thereof.

     

    2. Effective
Date.  In order to become effective, this Amendment must be
approved by Holders who hold a majority in principal amount of the Notes, which
approval will be evidenced by the execution and delivery of a copy of this
Amendment to the Company.  If this Amendment is approved by such
Holders, the Company will give all Holders notice that this Amendment has become
effective.

     

    3. No
Waiver.  Except as expressly stated in this Amendment, nothing
in this Amendment shall be deemed to constitute a waiver of compliance with, or
other modification of, any term or condition contained in the
Notes.

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    4. Counterparts.  This
Amendment may be executed by the Company and the Holders in any number of
separate counterparts, each of which when so executed, shall be deemed an
original and all said counterparts when taken together shall be deemed to
constitute but one and the same instrument.

     

    5. Successors and
Assigns.  This Amendment shall be binding upon and inure to the
benefit of the Company and the Holders and their successors and permitted
assigns.

     

    6. GOVERNING
LAW.  THIS AMENDMENT SHALL BE GOVERNED BY AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF
VIRGINIA APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE.

     

    IN
WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as
of the date first written above.

     

    

     

    
      	 
      	
              The
      Company:

               

               

            
	 
      	
              GLOBAL TELECOM & TECHNOLOGY, INC.

               

               

              By:               /s/               

              Name:          Eric
      A. Swank

              Title:           
      Chief Financial Officer

            
	 
      	 
      
	 
      	
              The
      Holders:

            
	 
      	
              (in
      counterpart)

            
	 
      	 
      
	 
      	
              Name
      (please print):                 

            
	 
      	 
      
	 
      	 
      
	 
      	
                                        

            
	 
      	
              signature

            

    

    

    
      
        
           

           

        

         

      

      
        2exv4w15w1

Exhibit 4.15.1

EXECUTION VERSION

 

KANSAS CITY SOUTHERN DE MÉXICO, S.A. de C.V.,

as Issuer

and

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 

First Supplemental Indenture

Dated as of November 12, 2009

 

121/2% Senior Notes due 2016

 

 

 

          FIRST SUPPLEMENTAL INDENTURE, dated as of November 12, 2009 (the “Supplemental
Indenture”), among Kansas City Southern de México, S.A. de C.V., a variable capital company
(sociedad anónima de capital variable) organized under the laws of Mexico (the “Company”),
and U.S. Bank National Association, as Trustee (in such capacity, the “Trustee”), and as
Paying Agent (in such capacity, the “Paying Agent”). All capitalized terms used herein but
not defined shall have the meaning set forth in the Indenture (as defined below), unless otherwise
indicated. All page and line references refer to the Indenture available on the website of the
Securities and Exchange Commission at http://www.sec.gov.

          WHEREAS, the Company, the Trustee, and the Paying Agent are parties to that certain Indenture
dated as of March 30, 2009 (the “Indenture”) pursuant to which the Company issued its 121/2%
Senior Notes due 2016 (the “Notes”);

          WHEREAS, pursuant to section 9.01 of the Indenture, the Company, when authorized by resolution
of its Board of Directors (the “Board”) and the Trustee, without the consent of Holders,
may enter into supplemental indentures for the purpose of amending certain provisions of the
Indenture;

          WHEREAS, the Board has authorized the Company, and the Company, the Trustee and the Paying
Agent desire to amend the Indenture to amend certain provisions contained therein and in the Notes;

          WHEREAS, by entering into this Supplemental Indenture, the Company, the Trustee and the Paying
Agent have consented to amend the Indenture and the Notes in accordance with the Amendments;

          NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged by the Company, the Trustee, and the
Paying Agent, the Company, the Trustee and the Paying Agent hereby agree for the benefit of the
Company and the equal and ratable benefit of all the Holders of the Notes as follows:

ARTICLE ONE

AMENDMENTS

     SECTION 1.01. Amendment to the Indenture.

          (a) The proviso beginning in the fifteenth line of the definition of “Offer to Purchase” is
hereby amended to delete the number “$100,000” and substitute the number “$1,000” therefor.

          (b) The seventh unnumbered paragraph of Section 2.03 of the Indenture is hereby
amended by it in its entirety and replacing it with the following:

     The Notes (including any Exchange Notes) shall be issuable only in registered
form without coupons and only in minimum denominations of U.S. $1,000 in principal
amount and any integral multiple of U.S. $1,000 in excess thereof.

2

 

          (c) Section 3.04 of the Indenture is hereby amended to delete the number
“$100,000” in all instances where it appears therein and substitute the number “$1,000”
therefor.

     SECTION 1.02. Amendment to the Notes.

          (a) The proviso beginning on the fifth line of Paragraph 7 of the reverse side of the
Note is hereby amended to delete the number “$100,000” and substitute the number “$1,000”
therefor.

          (b) The sixth line of Paragraph 8 of the reverse side of the Note is hereby amended
to delete the number “$100,000” and substitute the number “$1,000” therefor.

          (c) The third line of the second paragraph of Paragraph 9 of the reverse side of the
Note is hereby amended to delete the number “$100,000” and substitute the number “$1,000”
therefor.

          (d) The second line of Paragraph 10 of the reverse side of the Note is hereby amended
to delete the number “$100,000” and substitute the number “$1,000” therefor.

ARTICLE TWO

MISCELLANEOUS

          SECTION 2.01. Relation to Existing Indenture. This Supplemental Indenture
constitutes an integral part of the Indenture in respect of the Notes but shall not modify, amend
or otherwise affect the Indenture insofar as it relates to any other series of notes or affect in
any manner the terms or conditions of the notes of any other series.

          SECTION 2.02. Construction. For all purposes of this Supplemental Indenture, except
as otherwise herein expressly provided or unless the context otherwise requires: (i) the terms and
expressions used herein shall have the same meanings as corresponding terms and expressions used in
the Indenture; and (ii) the words “herein,” “hereof” and “hereby” and other words of similar import
used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any
particular Section hereof.

          SECTION 2.03. Trustee Acceptance. The Trustee accepts the amendment of the Indenture
effected by this Supplemental Indenture, as hereby amended, but only upon the terms and conditions
set forth in the Indenture, as hereby amended, including the terms and provisions defining and
limiting the liabilities and responsibilities of the Trustee in the performance of its duties and
obligations under the Indenture, as hereby amended. Without limiting the generality of the
foregoing, the Trustee has no responsibility for the correctness of the recitals of fact herein
contained which shall be taken as the statements of the Company, and makes no representations as to
the validity or enforceability against the Company.

3

 

          SECTION 2.04. Indenture Ratified. Except as expressly amended hereby, the Indenture
is in all respects ratified and confirmed and all the terms, conditions and provisions thereof
shall remain in full force and effect.

          SECTION 2.05. Parties Bound. This Supplemental Indenture shall form a part of the
Indenture for all purposes, and every holder of the Notes heretofore or hereafter authenticated and
delivered shall be bound hereby. Upon the execution and effectiveness of this Supplemental
Indenture, the Indenture and the Notes theretofore issued shall be deemed to be modified and
amended in accordance with this Supplemental Indenture and the respective rights, limitation of
rights, obligations, duties and immunities under the Indenture of the Company, the Trustee, and the
Paying Agent and the Holders of the Notes shall thereafter be determined, exercised and enforced
thereunder subject in all respects to such modifications and amendments, and all the terms and
conditions of this Supplemental Indenture shall be and be deemed to be part of the terms and
conditions of the Indenture and the Notes theretofore issued for any and all purposes.

          SECTION 2.06. Successors and Assignees. This Supplemental Indenture shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns.

          SECTION 2.07. Counterparts. This Supplemental Indenture may be executed in any
number of counterparts (including facsimile copies), each of which when so executed shall be deemed
to be an original, and all of such counterparts shall together constitute one and the same
instrument. Delivery of an executed counterpart of a signature page by telecopier shall be as
effective as delivery of a manually executed counterparts thereof.

          SECTION 2.08. Severability. In case any provision in this Supplemental Indenture
shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby.

          SECTION 2.09. Headings. The headings of the Articles and Sections of this
Supplemental Indenture have been inserted for convenience of reference only and are not to be
considered part of this Supplemental Indenture and shall in no way modify or restrict any of the
terms or provisions hereof.

[SIGNATURE PAGE FOLLOWING]

4

 

          IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed as of the date first above written.

	 	 	 	 	 
	 	KANSAS CITY SOUTHERN de MÉXICO, S.A.

de C.V.

 	 
	 	By:  	/s/ Michael W. Upchurch
 	 
	 	 	Name:  	Michael W. Upchurch 	 
	 	 	Title:  	Chief Financial Officer and
Attorney-in-Fact 	 

	 	 	 	 	 
	 	By:  	                /s/ Paul J. Weyandt
 	 
	 	 	Name:  	Paul J. Weyandt 	 
	 	 	Title:  	Treasurer and Attorney-in-Fact 	 
	 

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, as 

Trustee and Paying Agent

 	 
	 	By  	/s/ Michael M. Hopkins 	 
	 	 	Name: Michael M. Hopkins 	 
	 	 	Title: Vice President 	 
	 

- 6 -

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