Senior Subordinated Secured Notes due 2009
Subordinated Convertible Notes due 2009
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SECTION 1 DEFINITIONS AND ACCOUNTING TERMS | ||||
SECTION 1.01. Definitions | 2 | |||
SECTION 1.02. Computation of Time Periods | 24 | |||
SECTION 1.03. Accounting Terms | 24 | |||
SECTION 2 AUTHORIZATION, ISSUANCE AND SALE OF SECURITIES | ||||
SECTION 2.01. Authorization of Issue | 24 | |||
SECTION 2.02. Sale | 24 | |||
SECTION 2.03. Closing | 24 | |||
SECTION 3 CONDITIONS TO CLOSING | ||||
SECTION 3.01. Representations and Warranties | 25 | |||
SECTION 3.02. Performance; No Default Under Other Agreements | 25 | |||
SECTION 3.03. Compliance Certificates | 25 | |||
SECTION 3.04. Opinions of Counsel | 26 | |||
SECTION 3.05. Changes in Corporate Structure | 26 | |||
SECTION 3.06. No Adverse Events | 26 | |||
SECTION 3.07. Financial Information; Capital Structure | 26 | |||
SECTION 3.08. Proceedings and Documents | 26 | |||
SECTION 3.09. Purchase Permitted by Applicable Law, etc. | 27 | |||
SECTION 3.10. Basic Documents in Force and Effect; Information | 27 | |||
SECTION 3.11. No Violation; No Legal Constraints; Consents, Authorizations and Filings, etc. | 27 | |||
SECTION 3.12. Consummation of the Transactions | 28 | |||
SECTION 3.13. Fees | 28 | |||
SECTION 3.14. CUSIP Numbers | 28 | |||
SECTION 3.15. Simultaneous Purchase | 28 | |||
SECTION 3.16. Delivery of Documents | 28 | |||
SECTION 3.17. Personal Property Requirements | 28 | |||
SECTION 3.18. Financing Commitment | 29 | |||
SECTION 4 REPRESENTATIONS AND WARRANTIES OF THE ISSUERS | ||||
SECTION 4.01. Due Incorporation; Power and Authority | 29 | |||
SECTION 4.02. Capitalization | 30 | |||
SECTION 4.03. Equity Interests and Subsidiaries | 30 | |||
SECTION 4.04. Due Authorization, Execution and Delivery | 31 | |||
SECTION 4.05. Non-Contravention; Authorizations and Approvals | 32 | |||
SECTION 4.06. Company Financial Statements; Company Reports | 32 | |||
SECTION 4.07. Absence of Undisclosed Liabilities or Events | 33 | |||
SECTION 4.08. No Actions or Proceedings | 34 |
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SECTION 4.09. Properties | 34 | |||
SECTION 4.10. Intellectual Property | 35 | |||
SECTION 4.11. Taxes | 36 | |||
SECTION 4.12. Employee Benefit Plans | 37 | |||
SECTION 4.13. Private Offering; No Integration or General Solicitation | 38 | |||
SECTION 4.14. Eligibility for Resale Under Rule 144A | 38 | |||
SECTION 4.15. Status Under Certain Statutes | 38 | |||
SECTION 4.16. Insurance | 39 | |||
SECTION 4.17. Use of Proceeds; Margin Regulations | 39 | |||
SECTION 4.18. Existing Indebtedness; Future Liens | 39 | |||
SECTION 4.19. Compliance with Laws; Permits; Environmental Matters | 39 | |||
SECTION 4.20. Solvency | 40 | |||
SECTION 4.21. Affiliate Transactions | 40 | |||
SECTION 4.22. Material Contracts | 40 | |||
SECTION 4.23. No Changes to Applicable Law | 41 | |||
SECTION 4.24. Indebtedness | 41 | |||
SECTION 4.25. Fees | 41 | |||
SECTION 4.26. Brokerage Fees | 41 | |||
SECTION 4.27. Documents and Procedures | 41 | |||
SECTION 4.28. Absence of Labor Dispute | 41 | |||
SECTION 4.29. No Unrelated Liabilities | 41 | |||
SECTION 4.30. Full Disclosure | 41 | |||
SECTION 4.31. Assets Control Regulations and Anti-Money Laundering | 42 | |||
SECTION 4.32. Certain Other Representations and Warranties; Consummation of Transactions | 42 | |||
SECTION 4.33. Security Documents | 43 | |||
SECTION 4.34. Real Property Holding Corporation | 44 | |||
SECTION 4.35. Activities of Certain Subsidiaries | 44 | |||
SECTION 5 REPRESENTATIONS OF THE PURCHASERS | ||||
SECTION 5.01. Purchase for Investment | 44 | |||
SECTION 6 COVENANTS TO PROVIDE INFORMATION | ||||
SECTION 6.01. Future Reports to Series A Noteholders | 45 | |||
SECTION 7 OTHER AFFIRMATIVE COVENANTS | ||||
SECTION 7.01. Payment of Principal, Premium and Interest | 50 | |||
SECTION 7.02. Preservation of Corporate Existence and Franchises | 50 | |||
SECTION 7.03. Maintenance of Properties | 50 | |||
SECTION 7.04. Taxes. | 51 | |||
SECTION 7.05. Books, Records and Access | 51 | |||
SECTION 7.06. Compliance with Law | 52 | |||
SECTION 7.07. Insurance | 52 | |||
SECTION 7.08. Offer to Repurchase upon Change of Control | 53 |
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SECTION 7.09. Offer to Purchase by Application of Excess Proceeds | 55 | |||
SECTION 7.10. Affirmative Covenants with Respect to Leases | 56 | |||
SECTION 7.11. Further Assurances | 56 | |||
SECTION 7.12. Additional Collateral; Additional Guarantors. | 56 | |||
SECTION 7.13. Security Interests; Further Assurances | 58 | |||
SECTION 7.14. Information Regarding Collateral | 58 | |||
SECTION 7.15. Designations of Unrestricted Subsidiaries | 59 | |||
SECTION 7.16. Casualty Event | 60 | |||
SECTION 7.17. Offer to Repurchase under Contemplated Lease Financings | 60 | |||
SECTION 8 NEGATIVE COVENANTS | ||||
SECTION 8.01. Stay, Extension and Usury Laws | 62 | |||
SECTION 8.02. Restricted Payments | 62 | |||
SECTION 8.03. Dividend and Other Payment Restrictions Affecting Subsidiaries | 63 | |||
SECTION 8.04. Incurrence of Indebtedness and Issuance of Preferred Stock | 64 | |||
SECTION 8.05. Asset Sales | 66 | |||
SECTION 8.06. Transactions with Affiliates | 67 | |||
SECTION 8.07. Limitation on Liens | 68 | |||
SECTION 8.08. Limitation on Issuances and Sales of Capital Stock of Subsidiaries | 71 | |||
SECTION 8.09. Payments for Consents | 71 | |||
SECTION 8.10. Merger, Consolidation, or Sale of Assets | 71 | |||
SECTION 8.11. Conduct of Business | 72 | |||
SECTION 8.12. Limitation on Tax Consolidation | 72 | |||
SECTION 8.13. Public Disclosures | 72 | |||
SECTION 8.14. Limitation on Repurchases and other Repayments of Series A Notes | 73 | |||
SECTION 8.15. Limitation on Activities | 73 | |||
SECTION 8.16. Limitation on Accounting Changes | 73 | |||
SECTION 8.17. Fiscal Year | 73 | |||
SECTION 8.18. Amendments or Waivers of Certain Documents | 73 | |||
SECTION 8.19. Amendments to Charter Documents | 74 | |||
SECTION 8.20. No Integration | 74 | |||
SECTION 9 THE NOTES | ||||
SECTION 9.01. Form and Execution | 74 | |||
SECTION 9.02. Terms of the Notes | 74 | |||
SECTION 9.03. Denominations | 74 | |||
SECTION 9.04. Form of Legend for the Notes | 74 | |||
SECTION 9.05. Payments and Computations | 75 | |||
SECTION 9.06. Registration; Registration of Transfer and Exchange | 76 | |||
SECTION 9.07. Transfer Restrictions | 77 | |||
SECTION 9.08. Mutilated, Destroyed, Lost and Stolen Notes | 78 | |||
SECTION 9.09. Persons Deemed Owners | 79 | |||
SECTION 9.10. Cancellation | 79 | |||
SECTION 9.11. Home Office Payment | 79 |
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SECTION 10 EVENTS OF DEFAULT | ||||
SECTION 10.01. Events of Default | 79 | |||
SECTION 10.02. Remedies | 82 | |||
SECTION 10.03. Waiver of Past Defaults | 83 | |||
SECTION 11 REDEMPTION | ||||
SECTION 11.01. Right of Redemption | 84 | |||
SECTION 11.02. Partial Redemptions | 84 | |||
SECTION 11.03. Notice of Redemption | 84 | |||
SECTION 11.04. Notes Payable on Redemption Date | 84 | |||
SECTION 11.05. Notes Redeemed in Part | 85 | |||
SECTION 12 SUBSIDIARY GUARANTEES | ||||
SECTION 12.01. Subsidiary Guarantees | 85 | |||
SECTION 12.02. Execution and Delivery of Subsidiary Guarantees | 86 | |||
SECTION 12.03. Guarantors May Consolidate, Etc. on Certain Terms | 86 | |||
SECTION 12.04. Releases of Subsidiary Guarantees | 87 | |||
SECTION 12.05. Limitation on Guarantor Liability | 88 | |||
SECTION 13 EXPENSES, INDEMNIFICATION AND CONTRIBUTION, AND TERMINATION | ||||
SECTION 13.01. Expenses | 88 | |||
SECTION 13.02. Indemnification | 88 | |||
SECTION 13.03. Contribution | 90 | |||
SECTION 13.04. Survival | 91 | |||
SECTION 13.05. Termination | 91 | |||
SECTION 14 AGENT | ||||
SECTION 14.01. Appointment | 91 | |||
SECTION 14.02. Nature of Duties | 92 | |||
SECTION 14.03. Rights, Exculpation, Etc. | 92 | |||
SECTION 14.04. Reliance | 93 | |||
SECTION 14.05. Indemnification. | 93 | |||
SECTION 14.06. Credit Suisse, Cayman Islands Branch Individually | 94 | |||
SECTION 14.07. Successor Agent | 94 | |||
SECTION 14.08. Collateral Matters | 94 | |||
SECTION 14.09. Agency for Perfection | 95 | |||
SECTION 14.10. Notice of Default | 95 | |||
SECTION 14.11. Series A Noteholder Actions Against Collateral | 96 | |||
SECTION 14.12. Setoff and Sharing of Payments | 96 | |||
SECTION 14.13. Withholding | 96 | |||
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SECTION 15 MISCELLANEOUS | ||||
SECTION 15.01. Notices | 97 | |||
SECTION 15.02. Benefit of Agreement; Assignments and Participations | 97 | |||
SECTION 15.03. No Waiver; Remedies Cumulative | 98 | |||
SECTION 15.04. Amendments, Waivers and Consents | 98 | |||
SECTION 15.05. Counterparts | 99 | |||
SECTION 15.06. Reproduction | 99 | |||
SECTION 15.07. Headings | 99 | |||
SECTION 15.08. Governing Law; Submission to Jurisdiction; Venue | 99 | |||
SECTION 15.09. Severability | 100 | |||
SECTION 15.10. Entirety | 100 | |||
SECTION 15.11. Survival of Representations and Warranties | 101 | |||
SECTION 15.12. Incorporation | 101 | |||
SECTION 15.13. Certain Rights and Obligations Among Noteholders | 101 |
Exhibit A | – | Form of Class A Note | ||
Exhibit B | – | Form of Subsidiary Guarantee | ||
Exhibit C | – | Form of Supplemental Agreement | ||
Exhibit D | – | Form of Subordination and Intercreditor Agreement | ||
Exhibit E | – | Form of Indenture | ||
Exhibit F | – | Form of Registration Rights | ||
Exhibit G | – | Form of Compliance Certificate | ||
Exhibit H | – | Form of Landlord Access Agreement | ||
Exhibit I | – | Form of Mortgage | ||
Exhibit J–1 | – | Form of Perfection Certificate | ||
Exhibit J–2 | – | Form of Perfection Certificate Supplement | ||
Exhibit K | – | Form of Security Agreement | ||
Exhibit L | – | Form of Confidentiality Agreement | ||
Exhibit M | – | Form of Series B Subordination Agreement | ||
Exhibit 3.03(a) | – | Form of Officers’ Certificate | ||
Exhibit 3.03(b) | – | Form of Secretary’s Certificate | ||
Exhibit 3.04(a)(i) | – | Form of Company Counsel Opinion | ||
SCHEDULES | ||||
Schedule A | – | Information Relating to Purchasers | ||
Schedule B | – | Assets to be Transferred to NAP Madrid | ||
Schedule C | – | List of Certain Property | ||
Schedule 3.04 | – | Local Counsel | ||
Schedule 3.06 | – | Adverse Events | ||
Schedule 4.02 | – | Capitalization | ||
Schedule 4.03(a) | – | Equity Interests | ||
Schedule 4.03(b) | – | Consents | ||
Schedule 4.05 | – | Authorizations and Approvals | ||
Schedule 4.06 | – | Financial Statements | ||
Schedule 4.07(a) | – | Liabilities | ||
Schedule 4.07(b) | – | Changes in Business | ||
Schedule 4.08 | – | Legal and Governmental Actions | ||
Schedule 4.09(c) | – | Special Flood Hazards | ||
Schedule 4.10(a) | – | Intellectual Property — Claims | ||
Schedule 4.10(c) | – | Intellectual Property — Violations | ||
Schedule 4.11 | – | Taxes | ||
Schedule 4.12 | – | Retiree Health and Life Benefits | ||
Schedule 4.18 | – | Indebtedness | ||
Schedule 4.19 | – | Compliance with Laws; Permits; Environmental Matters | ||
Schedule 4.21(a) | – | Affiliate Transactions | ||
Schedule 4.22 | – | Material Contracts | ||
Schedule 4.25 | – | Transaction Fees | ||
Schedule 4.26 | – | Brokerage Fees |
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Schedule 4.27 | – | Documents and Procedures | ||
Schedule 4.28 | – | Labor Disputes | ||
Schedule 8.07(c) | – | Liens |
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THE COMPANY: TERREMARK WORLDWIDE, INC. | ||||
By: | /s/ Jose A. Segrera | |||
Name: | Jose A. Segrera | |||
Title: | Chief Financial Officer | |||
THE GUARANTORS: NAP OF THE AMERICAS, INC. NAP OF THE AMERICAS/WEST, INC. PARK WEST TELECOMMUNICATIONS INVESTORS, INC. SPECTRUM TELECOMMUNICATIONS CORP. TECOTA SERVICES CORP. TERREMARK EUROPE, INC. TERREMARK FINANCIAL SERVICES, INC. TERREMARK FORTUNE HOUSE #1, INC. TERREMARK LATIN AMERICA, INC. TERREMARK MANAGEMENT SERVICES, INC. TERREMARK REALTY, INC. TERREMARK TECHNOLOGY CONTRACTORS, INC. TERREMARK TRADEMARK HOLDINGS, INC. TERRENAP DATA CENTERS, INC. TERRENAP SERVICES, INC. | ||||
By: | /s/ Jose A. Segrera | |||
Name: | Jose A. Segrera | |||
Title: | Chief Financial Officer | |||
OPTICAL COMMUNICATIONS, INC. | ||||
By: | /s/ Manuel D. Medina | |||
Name: | Manuel D. Medina | |||
Title: |
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TERREMARK FEDERAL GROUP, INC. | ||||
By: | /s/ Nelson Fonseca | |||
Name: | Nelson Fonseca | |||
Title: | Treasurer & CFO |
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AGENT: CREDIT SUISSE, CAYMAN ISLANDS BRANCH | ||||
By: | /s/ Julia P. Kingsbury | |||
Name: | Julia P. Kingsbury | |||
Title: | Director | |||
By: | /s/ Pilarcita V. Naval | |||
Name: | Pilarcita V. Naval | |||
Title: | Assistant Vice President |
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PURCHASER: CREDIT SUISSE, CAYMAN ISLANDS BRANCH | ||||
By: | /s/ Robert Nydegger | |||
Name: | Robert Nydegger | |||
Title: | Managing Director |
By: | /s/ Damien Dwin | |||
Name: | Damien Dwin | |||
Title: | Director |
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PURCHASER: CREDIT SUISSE, INTERNATIONAL | ||||
By: | /s/ Robert Nydegger | |||
Name: | Robert Nydegger | |||
Title: | Managing Director |
By: | /s/ Damien Dwin | |||
Name: | Damien Dwin | |||
Title: | Director |
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TERREMARK WORLDWIDE, INC. | ||||
By: | ||||
Name: Title: |
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Dated: | Your Signature: | |||
(Sign exactly as name appears on the other side of this Note) | ||||
Signature Guarantee: | ||||
(Signature must be guaranteed by a financial institution that is a member of the Securities Transfer Agent Medallion Program (“STAMP”), the Stock Exchange Medallion Program (“SEMP”), the New York Stock Exchange, Inc. Medallion Signature Program (“MSP”) or such other signature guarantee program as may be determined by the Security Registrar in addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with the Securities Exchange Act of 1934, as amended.) |
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[GUARANTOR] | ||||
By: | ||||
Name: Title: |
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[NEW GUARANTOR] | ||||
By: | ||||
Name: Title: |
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TERREMARK WORLDWIDE, INC. | ||||
By: | ||||
Name: Title: |
1 | Only in connection with delivery of this certificate to Noteholders |
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SECURITY AGREEMENT AND FIXTURE FILING
counsel in the state in which the Trust Property is
located by the attorney named below and after
recording, please return to:
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Article 1 DEFINITIONS AND INTERPRETATION | 6 | |||
Section 1.1 Definitions | 6 | |||
Article 2 GRANTS AND SECURED OBLIGATIONS | 9 | |||
Section 2.1 Grant of Trust Property | 9 | |||
Section 2.2 Assignment of Leases and Rents | 10 | |||
Section 2.3 Secured Obligations | 11 | |||
Section 2.4 Future Advances | 11 | |||
Section 2.5 Maximum Amount of Indebtedness | 11 | |||
Section 2.6 Last Dollar Secured | 12 | |||
Section 2.7 No Release | 12 | |||
Article 3 REPRESENTATIONS AND WARRANTIES OF GRANTOR | 12 | |||
Section 3.1 Incorporation of Purchase Agreement | 12 | |||
Section 3.2 Warranty of Title | 12 | |||
Section 3.3 Condition of Trust Property | 13 | |||
Section 3.4 Charges | 13 | |||
Article 4 CERTAIN COVENANTS OF GRANTOR | 13 | |||
Section 4.1 Payment and Performance | 13 | |||
Section 4.2 Title | 13 | |||
Section 4.3 Inspection | 14 | |||
Section 4.4 Limitation on Liens; Transfer Restrictions | 14 | |||
Section 4.5 Insurance | 15 | |||
Article 5 CONCERNING ASSIGNMENT OF LEASES AND RENTS | 15 | |||
Section 5.1 Present Assignment; License to the Grantor | 15 | |||
Section 5.2 Collection of Rents by the Beneficiary | 16 | |||
Section 5.3 Irrevocable Interest | 16 | |||
Article 6 TAXES AND CERTAIN STATUTORY LIENS | 16 | |||
Section 6.1 Payment of Charges | 16 | |||
Section 6.2 Stamp and Other Taxes | 16 | |||
Section 6.3 Certain Tax Law Changes | 17 | |||
Section 6.4 Proceeds of Tax Claim | 17 | |||
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Article 7 CASUALTY EVENTS AND RESTORATION | 17 | |||
Section 7.1 Casualty Event | 17 | |||
Section 7.2 Condemnation | 17 | |||
Section 7.3 Restoration | 17 | |||
Article 8 EVENTS OF DEFAULT AND REMEDIES | 18 | |||
Section 8.1 Remedies in Case of an Event of Default | 18 | |||
Section 8.2 Sale of Trust Property if Event of Default Occurs; Proceeds of Sale | 18 | |||
Section 8.3 Additional Remedies in Case of an Event of Default | 20 | |||
Section 8.4 Legal Proceedings After an Event of Default | 20 | |||
Section 8.5 Remedies Not Exclusive | 21 | |||
Article 9 SECURITY AGREEMENT AND FIXTURE FILING | 22 | |||
Section 9.1 Security Agreement | 22 | |||
Section 9.2 Fixture Filing | 22 | |||
Article 10 FURTHER ASSURANCES | 23 | |||
Section 10.1 Recording Documentation To Assure Security | 23 | |||
Section 10.2 Further Acts | 23 | |||
Section 10.3 Additional Security | 24 | |||
Article 11 MISCELLANEOUS | 24 | |||
Section 11.1 No Merger | 24 | |||
Section 11.2 Concerning Beneficiary | 24 | |||
Section 11.3 Beneficiary May Perform; Beneficiary Appointed Attorney-in-Fact | 25 | |||
Section 11.4 Continuing Security Interest; Assignment | 26 | |||
Section 11.5 Termination; Release | 26 | |||
Section 11.6 Modification in Writing | 26 | |||
Section 11.7 Notices | 26 | |||
Section 11.8 GOVERNING LAW; SERVICE OF PROCESS; WAIVER OF JURY TRIAL | 27 | |||
Section 11.9 Severability of Provisions | 27 | |||
Section 11.10 Relationship | 27 | |||
Section 11.11 No Credit for Payment of Taxes or Impositions | 27 | |||
Section 11.12 No Claims Against the Beneficiary | 28 | |||
Section 11.13 Beneficiary’s Right To Sever Indebtedness | 28 | |||
Article 12 MORTGAGED LEASE | 29 | |||
Section 12.1 Representations, Warranties and Covenants | 29 | |||
Section 12.2 No Merger; Acquisition; Power of Attorney | 30 | |||
Section 12.3 New Leases | 30 | |||
Section 12.4 No Assignment | 30 |
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Article 13 LEASES | 31 | |||
Section 13.1 Grantor’s Affirmative Covenants with Respect to Leases | 31 | |||
Article 14 LOCAL LAW PROVISIONS | 31 | |||
Section 14.1 Principles of Construction | 31 | |||
Section 14.2 Fixture Filing | 31 | |||
Section 14.3 Rights and Remedies | 31 | |||
Article 15 Trustee’s Powers and Liabilities | 32 | |||
Section 15.1 Trustee’s Powers and Liabilities 32 | ||||
SIGNATURE ACKNOWLEDGMENTS | ||||
SCHEDULE A Legal Description | ||||
SCHEDULE B Prior Liens |
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AGREEMENT AND FIXTURE FILING
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DEFINITIONS AND INTERPRETATION
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GRANTS AND SECURED OBLIGATIONS
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(i) | [Land and the ] Mortgaged Lease; Improvements; | ||
(ii) | Leases; | ||
(iii) | Rents; | ||
(iv) | Permits; | ||
(v) | Contracts; | ||
(vi) | Records; and | ||
(vii) | Proceeds; |
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REPRESENTATIONS AND WARRANTIES OF GRANTOR
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CERTAIN COVENANTS OF GRANTOR
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CONCERNING ASSIGNMENT OF LEASES AND RENTS
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TAXES AND CERTAIN STATUTORY LIENS
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CASUALTY EVENTS AND RESTORATION
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EVENTS OF DEFAULT AND REMEDIES
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SECURITY AGREEMENT AND FIXTURE FILING
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Name and Address of the debtor: | Name and Address of the secured party: | |
The Grantor having the address described in the Preamble hereof. The Grantor is a corporation organized under the laws of the State of Florida whose Organization Number is P00000041951, and whose Taxpayer Identification Number is 65-1005493. | The Beneficiary having the address described in the Preamble hereof, from which address information concerning the security interest may be obtained. |
FURTHER ASSURANCES
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MISCELLANEOUS
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MORTGAGED LEASE
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LEASES
LOCAL LAW PROVISIONS
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TRUSTEE’S POWERS AND LIABILITIES
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NAP OF THE AMERICAS/WEST, INC. | ||||
By: | ||||
Name: | ||||
Title: |
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State of | ) | |||
County o f | ) |
WITNESS my hand and official seal | ||
WITNESS my hand and official seal | ||
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TERREMARK WORLDWIDE, INC. | ||||||
By: | ||||||
Title: Chief Financial Officer | ||||||
GUARANTORS: | ||||||
NAP OF THE AMERICAS, INC. | ||||||
NAP OF THE AMERICAS/WEST, INC. | ||||||
OPTICAL COMMUNICATIONS, INC. | ||||||
PARK WEST TELECOMMUNICATIONS INVESTORS, INC. | ||||||
SPECTRUM TELECOMMUNICATIONS CORP. | ||||||
TECOTA SERVICES CORP. | ||||||
TERREMARK EUROPE, INC. | ||||||
TERREMARK FEDERAL GROUP, INC. | ||||||
TERREMARK FINANCIAL SERVICES, INC. | ||||||
TERREMARK FORTUNE HOUSE #1, INC. | ||||||
TERREMARK LATIN AMERICA, INC. | ||||||
TERREMARK MANAGEMENT SERVICES, INC. | ||||||
TERREMARK REALTY, INC. | ||||||
TERREMARK TECHNOLOGY CONTRACTORS, INC. | ||||||
TERRREMARK TRADEMARK HOLDINGS, INC. | ||||||
TERRENAP DATA CENTERS, INC. | ||||||
TERRENAP SERVICES, INC. | ||||||
By: | ||||||
Name: | ||||||
Title: | Chief Financial Officer |
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Registered | Federal Taxpayer | |||||||||
Organization | Organizational | Identification | State/Jurisdiction | |||||||
Legal Name | Type of Entity | (Yes/No) | Number1 | Number | of Formation | |||||
1 | If none, so state. |
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Date of | ||||
Company/Subsidiary | Prior Name | Change | ||
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List of All Other | ||||||||||
Date | Names Used | |||||||||
Corporate | of | State of | During Past Five | |||||||
Company/Subsidiary | Name of Entity | Action | Action | Formation | Years | |||||
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Company/Subsidiary | Address | County | State/Country | |||
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Company/Subsidiary | Address | County | State/Country | |||
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Company/Subsidiary | Address | County | State | |||
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Company/Subsidiary | Address | County | State | |||
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Name of Entity in | ||||||||
Possession of | ||||||||
Collateral/Capacity of such | Address/Location of | |||||||
Company/Subsidiary | Entity | Collateral | County | State | ||||
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J-1-15
J-1-16
Company/Subsidiary | Description of Transaction Including Parties Thereto | Date of Transaction | ||
J-1-17
J-1-18
J-1-19
Applicable Collateral Document | ||||||
Type of Filing3 | Entity | [Mortgage, Security Agreement or Other] | Jurisdictions | |||
3 | UCC-1 financing statement, fixture filing, mortgage, intellectual property filing or other necessary filing. |
J-1-20
Description of | ||||||||
Owned or | Landlord/Owner | Lease | ||||||
Entity of Record | Location Address | Leased | if Leased | Documents | ||||
J-1-21
J-1-22
J-1-23
Jurisdictions
J-1-24
J-1-25
UCC-1 File | UCC-1 File | |||||||||||||||||||
Debtor | Jurisdiction | Secured Party | Type of Collateral | Date | Number | |||||||||||||||
J-1-26
Current Legal Entities Owned | Record Owner | Certificate No. | No. Shares / Interest | Percent Pledged | ||||||||||||
J-1-27
J-1-28
Entity | Principal Amount | Date of Issuance | Interest Rate | Maturity Date | ||||||||||||
J-1-29
REGISTRATION | ||||
OWNER | NUMBER | DESCRIPTION | ||
APPLICATION | ||||
OWNER | NUMBER | DESCRIPTION | ||
REGISTRATION/ | ||||||
APPLICATION | ||||||
LICENSEE | LICENSOR | NUMBER | DESCRIPTION | |||
REGISTRATION | ||||||
OWNER | NUMBER | COUNTRY/STATE | DESCRIPTION | |||
APPLICATION | ||||||
OWNER | NUMBER | COUNTRY/STATE | DESCRIPTION | |||
J-1-30
REGISTRATION/ | ||||||||
APPLICATION | ||||||||
LICENSEE | LICENSOR | COUNTRY/STATE | NUMBER | DESCRIPTION | ||||
OWNER | REGISTRATION NUMBER | TRADEMARK | ||
OWNER | APPLICATION NUMBER | TRADEMARK | ||
REGISTRATION/ | ||||||
APPLICATION | ||||||
LICENSEE | LICENSOR | NUMBER | TRADEMARK | |||
J-1-31
REGISTRATION | ||||||
OWNER | NUMBER | COUNTRY/STATE | DESCRIPTION | |||
APPLICATION | ||||||
OWNER | NUMBER | COUNTRY/STATE | DESCRIPTION | |||
REGISTRATION/ | ||||||||
APPLICATION | ||||||||
LICENSEE | LICENSOR | COUNTRY/STATE | NUMBER | DESCRIPTION | ||||
J-1-32
OWNER | TITLE | REGISTRATION NUMBER |
OWNER | APPLICATION NUMBER | |
REGISTRATION/ | ||||||
APPLICATION | ||||||
LICENSEE | LICENSOR | NUMBER | DESCRIPTION | |||
OWNER | COUNTRY/STATE | TITLE | REGISTRATION NUMBER | |||
OWNER | COUNTRY/STATE | APPLICATION NUMBER | ||
J- 1 -33
REGISTRATION/ | ||||||||
LICENSEE | LICENSOR | COUNTRY/STATE | APPLICATION NUMBER | DESCRIPTION | ||||
J- 1 -34
J- 1 -35
J- 1 -36
TYPE OF | BANK OR | ACCOUNT | ||||
OWNER | ACCOUNT | INTERMEDIARY | NUMBERS | |||
J- 1 -37
J- 1 -38
J- 1 -39
J-2-1
J-2-2
J-2-3
J-2-4
TERREMARK WORLDWIDE, INC. | ||||||
By: | ||||||
Title: | ||||||
[Each of the Guarantors] | ||||||
By: | ||||||
Title: |
J-2-5
Registered Organization | Federal Taxpayer | |||||||||||||||||||
Legal Name | Type of Entity | (Yes/No) | Organizational Number4 | Identification Number | State of Formation | |||||||||||||||
4 | If none, so state. |
J-2-6
Company/Subsidiary | Prior Name | Date of Change | ||
J-2-7
List of All Other | ||||||||||
Corporate Name of | Names Used During | |||||||||
Company/Subsidiary | Entity | Action | Date of Action | State of Formation | Past Five Years | |||||
J-2-8
Company/Subsidiary | Address | County | State | |||
J-2-9
Company/Subsidiary | Address | County | State | |||
J-2-10
Company/Subsidiary | Address | County | State | |||
J-2-11
Company/Subsidiary | Address | County | State | |||
J-2-12
Name of Entity in | ||||||||
Possession of | ||||||||
Collateral/Capacity | Address/Location of | |||||||
Company/Subsidiary | of such Entity | Collateral | County | State | ||||
J-2-13
J-2-14
J-2-15
Description of | ||||
Transaction Including | ||||
Company/Subsidiary | Parties Thereto | Date of Transaction | ||
J-2-16
J-2-17
J-2-18
Applicable | ||||||
Collateral Document | ||||||
[Mortgage, Security | ||||||
Type of Filing5 | Entity | Agreement or Other] | Jurisdictions | |||
5 | UCC-1 financing statement, fixture filing, mortgage, intellectual property filing or other necessary filing. |
J-2-19
Landlord/Owner if | Description of | |||||||
Entity of Record | Location Address | Owned or Leased | Leased | Lease Documents | ||||
J-2-20
J-2-21
J-2-22
Jurisdictions
J-2-23
J-2-24
Debtor | Jurisdiction | Secured Party | Type of Collateral | UCC-1 File Date | UCC-1 File Number | |||||
J-2-25
Current Legal | ||||||||
Entities Owned | Record Owner | Certificate No. | No. Shares/Interest | Percent Pledged | ||||
J-2-26
J-2-27
1. | Promissory Notes: |
Entity | Principal Amount | Date of Issuance | Interest Rate | Maturity Date | ||||
2. | Chattel Paper: |
J-2-28
OWNER | REGISTRATION NUMBER | DESCRIPTION |
OWNER | APPLICATION NUMBER | DESCRIPTION |
REGISTRATION/ | ||||||
APPLICATION | ||||||
LICENSEE | LICENSOR | NUMBER | DESCRIPTION | |||
OWNER | REGISTRATION NUMBER | COUNTRY/STATE | DESCRIPTION | |||
OWNER | APPLICATION NUMBER | COUNTRY/STATE | DESCRIPTION | |||
J-2-29
REGISTRATION/ | ||||||||
LICENSEE | LICENSOR | COUNTRY/STATE | APPLICATION NUMBER | DESCRIPTION | ||||
OWNER | REGISTRATION NUMBER | TRADEMARK | ||
OWNER | APPLICATION NUMBER | TRADEMARK | ||
REGISTRATION/ | ||||||
APPLICATION | ||||||
LICENSEE | LICENSOR | NUMBER | TRADEMARK | |||
OWNER | REGISTRATION NUMBER | COUNTRY/STATE | TRADEMARK | |||
J-2-30
OWNER | APPLICATION NUMBER | COUNTRY/STATE | TRADEMARK | |||
REGISTRATION/ | ||||||||
APPLICATION | ||||||||
LICENSEE | LICENSOR | COUNTRY/STATE | NUMBER | TRADEMARK | ||||
J-2-31
OWNER | TITLE | REGISTRATION NUMBER | ||
OWNER | APPLICATION NUMBER | |
REGISTRATION/ | ||||||
APPLICATION | ||||||
LICENSEE | LICENSOR | NUMBER | DESCRIPTION | |||
OWNER | COUNTRY/STATE | TITLE | REGISTRATION NUMBER | |||
OWNER | COUNTRY/STATE | APPLICATION NUMBER | ||
J-2-32
REGISTRATION/ | ||||||||
LICENSEE | LICENSOR | COUNTRY/STATE | APPLICATION NUMBER | DESCRIPTION | ||||
J-2-33
J-2-34
J-2-35
OWNER | TYPE OF ACCOUNT | BANK OR INTERMEDIARY | ACCOUNT NUMBERS | |||
J-2-36
J-2-37
J-2-38
K-1
1. | “Confidential Information” means information in whatever form disclosed by one Party (the “Disclosing Party”) to the other Party (the “Receiving Party”) before, on or after the Effective Date hereof which relates to a Disclosing Party’s business or the Relationship, including without limitation business, financial, operational, human resource and technical materials and information, or which although not directly related to the Relationship, is nevertheless disclosed as a result of or in connection with the Parties’ discussions of the Relationship. |
2. | The Receiving Party shall use the Disclosing Party’s Confidential Information only for the purpose of evaluating the Relationship and for the purposes of the ongoing Relationship, and shall protect such Confidential Information from disclosure to third parties, using the same degree of care used to protect its own proprietary and confidential information of like importance, but in any case using no less than a reasonable degree of care. The Parties understand that disclosure of Confidential Information could result in violation of the federal securities laws as well as other laws. The Receiving Party agrees not to trade in the securities of Disclosing Party while in possession of material Confidential Information or any other information of a material, non-public nature relating to the Disclosing Party. The Receiving Party may disclose the Disclosing Party’s Confidential Information to its Affiliates, its employees and its consultants, in each case if such Affiliates, employees, and consultants have a need to know, and provided such Affiliates, employees and consultants (i) use the Confidential Information for the purposes of the Relationship only, and (ii) are bound to protect the Confidential Information as required hereunder. The Parties shall each be responsible for any breach of the terms of this Agreement by them or their respective Affiliates or representatives and agree, at their sole expense, to take all reasonable measures (including but not limited to court proceedings) to restrain their respective Affiliates or representatives from prohibited or unauthorized disclosure or use of the Confidential Information. |
3. | The restrictions of this Agreement on use and disclosure of Confidential Information shall not apply to information that: (a) the Receiving Party can demonstrate is in the possession or control of such |
L-1
Party at the time of its disclosure hereunder; (b) is or becomes publicly known, through no wrongful act of the Receiving Party; (c) the Receiving Party can demonstrate was received by such Party from a third party free to disclose it without obligation (whether contractual, legal, fiduciary or otherwise) to the Disclosing Party; (d) the Receiving Party can demonstrate was developed independently by such Party without reference to the Confidential Information; or (e) is lawfully required to be disclosed.. |
4. | Confidential Information disclosed under this Agreement shall be and remain the property of the Disclosing Party. Upon the written request of the Disclosing Party at any time, shall promptly return or destroy all such tangible Confidential Information of the Disclosing Party in its possession, and no such Confidential Information shall thereafter be retained in any form by the Receiving Party except that the Receiving Party may retain a copy of the Disclosing Party’s Confidential Information in the possession of outside counsel of its own choosing for use solely in the event a dispute arises hereunder and only in connection with such dispute or as otherwise required by law. The Receiving Party shall be fully responsible for the return or destruction of all Confidential Information disclosed to its Affiliates, its employees and its consultants. |
5. | Without the prior written consent of the other Party, neither Party will disclose to any third party any Confidential Information, including without limitation any of the terms or conditions relating to the Relationship being discussed by the Parties, or the existence of this Agreement. |
6. | This Agreement shall become effective on the date first set forth above and shall continue for a period of three (3) years, or until a further agreement is entered into by and between the Parties, whichever shall occur first. |
7. | The term “Affiliate” means any person or entity controlling controlled by or under common control with a Party. |
8. | This Agreement: (a) is the complete Agreement of the Parties concerning the subject matter hereof and supersedes any and all prior Agreements, understandings or discussions with respect to the subject matter hereof; (b) shall not be construed to create any obligation on the part of either Party to create the Relationship or to compensate the other Party in any manner; (c) may not be amended or and any manner codified except in a writing signed by the Parties; and (d) shall be governed and construed in accordance with the laws of the State of Florida except with regard to conflict of laws rules. Each party hereby consents to the jurisdiction of the Circuit Court of the State of Florida in Miami-Dade County, Florida and the United States District Court for the Southern District of Florida. Each party acknowledges that such Confidential Information is unique and valuable to the Disclosing Party. If any provision of this Agreement is found to be unenforceable, the remainder shall be enforced as fully as possible and the unenforceable provisions shall be deemed modified to the limited extent required to permit its enforcement in a manner most closely representing the intention of the Parties as expressed herein. Without prejudice to the rights and remedies otherwise available to the Parties, each Party recognizes and agrees that the Disclosing Party would not have an adequate remedy at law if the Receiving Party were to violate the covenants and agreements set forth herein and acknowledges that a breach of the covenants and agreements set forth herein would cause irreparable harm and damage to the Disclosing Party and that money damages would not be a sufficient remedy for any breach of this Agreement by either Party or their respective Affiliates and representatives and, accordingly, that either Party shall be entitled to equitable relief, including injunctive and specific performance, if either Party or any of their respective Affiliates or representatives breaches or threatens to breach any of the provisions of this Agreement. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and all of which shall constitute the same Agreement. |
L-2
9. | Each Party understands and acknowledges that neither Party makes any representations or warranty, express of implied, as to the accuracy or completeness of Confidential Information disclosed hereunder. Neither the disclosing party nor any of the officers, directors, employees, agents, advisors, legal counsel or other representatives or Affiliates thereof, shall be subject to any liability or responsibility for errors or omissions in, or any decisions made by the Receiving Party in reliance on, any Confidential Information disclosed under this Agreement. |
10. | Neither Party shall assign any of its rights or obligations hereunder, except to an Affiliate or successor in interest, without prior written consent of the other party, which consent shall not be unreasonably withheld. |
Terremark Worldwide, Inc. | ||||
By: | ||||
Name: Suzanne Chebat | ||||
Title: Director of Contract Management | ||||
Tel: | (305) 860-7821 | |||
A. | ||||
B. |
By: | ||||
Name: | ||||
Title: | ||||
Tel: | ||||
Fax: | ||||
Address: | ||||
L-3
M-1
NAP OF THE AMERICAS/WEST, INC.
PARK WEST TELECOMMUNICATIONS INVESTORS, INC.
SPECTRUM TELECOMMUNICATIONS CORP.
TECOTA SERVICES CORP.
TERREMARK EUROPE, INC.
TERREMARK FINANCIAL SERVICES, INC.
TERREMARK FORTUNE HOUSE #1, INC.
TERREMARK LATIN AMERICA, INC.
TERREMARK MANAGEMENT SERVICES, INC.
TERREMARK REALTY, INC.
TERREMARK TECHNOLOGY CONTRACTORS, INC.
TERRREMARK TRADEMARK HOLDINGS, INC.
TERREMARK WORLDWIDE, INC.
TERRENAP DATA CENTERS, INC.
TERRENAP SERVICES, INC.
By: | ||||||
Title: Chief Financial Officer |
3.03(a)-1
OPTICAL COMMUNICATIONS, INC. | ||||||
By: | ||||||
Title: [Treasurer and Chief Financial Officer] | ||||||
TERREMARK FEDERAL GROUP, INC. | ||||||
By: | ||||||
Title: [Chief Executive Officer] |
3.03(a)-2
Dated: January __, 2007 | TERREMARK WORLDWIDE, INC. | |||
By: | ||||
Name: | Adam Smith | |||
Title: | Secretary |
3.03(b)-1
3.03(b)-2
3.03(b)-3
Name | Title | Specimen Signature | ||
Jose A. Segrera | Chief Financial Officer | |||
By: | ||||
Title: Secretary |
3.03(b)-4
3.03(b)-5
3.03(b)-6
Dated: January __, 2007 | NAP OF THE AMERICAS, INC. | |||
By: | ||||
Name: | Adam Smith | |||
Title: | Secretary |
3.03(b)-7
3.03(b)-8
3.03(b)-9
Name | Title | Specimen Signature | ||
Jose A. Segrera | Chief Financial Officer | |||
By: | ||||||
Title: Secretary |
3.03(b)-10
3.03(b)-11
3.03(b)-12
3.04(a)(ii)-1