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EXHIBIT (c) 1.
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ASSET PURCHASE AGREEMENT
among
PHONETEL TECHNOLOGIES, INC.,
an Ohio Corporation
As Buyer,
and
ACI-HDT SUPPLY COMPANY, a California corporation, AMTEL
COMMUNICATIONS SERVICES, a California corporation, AMTEL
COMMUNICATIONS CORRECTIONAL FACILITIES, a California
corporation, AMTEL COMMUNICATIONS, INC., a California corporation,
AMTEL COMMUNICATIONS PAYPHONES, INC., a California
corporation,
As Seller
June 26, 1996
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TABLE OF CONTENTS
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ARTICLE I
PURCHASE AND SALE; THE CLOSING......................................................................2
1.1 Purchase and Sale.................................................................2
1.1.1 Sale of Payphone Operating Assets........................................2
1.1.2 Excluded Assets..........................................................3
1.1.3 Instruments of Conveyance................................................3
1.1.4 Liabilities Assumed or Not
Assumed by Buyer ...............................................4
1.2 Consideration.....................................................................4
1.2.1 General Consideration....................................................4
1.2.2 Additional Consideration.................................................6
1.3 Calculation of Established Value..................................................7
1.4 The Closing.......................................................................8
1.5 Deliveries by Amtel...............................................................8
1.6 Deliveries by the Buyer...........................................................9
ARTICLE II
AMTEL'S REPRESENTATIONS AND WARRANTIES.....................................................9
2.1 Authorization; Binding Obligation.................................................9
2.2 Consents and Approvals...........................................................10
2.3 Brokers..........................................................................10
2.4 Average Revenue..................................................................11
2.5 Minimum Payphones................................................................11
2.6 Minimum Average of Remaining Term of Site Location
Agreements.......................................................................11
ARTICLE III
REPRESENTATIONS AND WARRANTIES OF THE BUYER...............................................11
3.1 Organization and Standing........................................................11
3.2 Authorization; Binding Obligation................................................11
3.3 Brokers..........................................................................12
3.4 The Common Stock.................................................................12
ARTICLE IV
ADDITIONAL COVENANTS......................................................................12
4.1 Conduct of Business of Amtel.....................................................12
4.2 Further Assurances; Cooperation..................................................15
4.3 Confidentiality..................................................................16
4.4 Publicity........................................................................17
4.5 Expenses.........................................................................17
4.6 Forwarding of Payments Received..................................................17
4.7 Transfer and Similar Taxes; Indemnity............................................17
4.8 Delivery of Financial Statement..................................................19
4.9 Employees........................................................................19
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4.10 Duty to Obtain Court Approval....................................................19
4.10.1 Necessity for Court Approval/
Duty to Obtain .........................................................19
4.10.2 Enabling Order Effective Date...........................................20
4.10.3 No Overbid..............................................................21
4.11 Permissible Back-Up Offers; Duty to Disclose Back-Up
Offers...........................................................................22
4.12 Audit Cooperation................................................................23
4.13 Special Provisions Regarding Common Stock........................................24
ARTICLE V
CONDITIONS TO CLOSING.....................................................................26
5.1 Conditions Precedent to Obligations of the Buyer.................................26
5.1.1 Accuracy of Representations
and Warranties .........................................................26
5.1.2 Performance of Agreements...............................................26
5.1.3 Enabling Order..........................................................26
5.1.4 Minimum Payphones.......................................................29
5.1.5 Minimum Average of Remaining Term of
Site Location Agreements................................................29
5.1.6 Injunction..............................................................29
5.2 Conditions Precedent to Obligations of Amtel.....................................29
5.2.1 Accuracy of Representations
and Warranties .........................................................30
5.2.2 Performance of Agreements...............................................30
5.2.3 Adverse Proceedings.....................................................30
5.2.4 Enabling Order..........................................................30
5.2.5 Injunction..............................................................30
ARTICLE VI
MISCELLANEOUS.............................................................................31
6.1 Parties in Interest; No Third Party Beneficiaries................................31
6.2 Exhibits.........................................................................31
6.3 Entire Agreement.................................................................31
6.4 Waiver of Compliance.............................................................32
6.5 Validity.........................................................................32
6.6 Counterparts.....................................................................32
6.7 Headings.........................................................................32
6.8 Governing Law; Jurisdiction......................................................33
6.9 Termination......................................................................33
6.9.1 Termination by Amtel....................................................33
6.9.2 Termination by Buyer....................................................34
6.9.3 By Mutual Consent.......................................................34
6.9.4 Disposition of Nonrefundable Deposit....................................34
6.10 Notices..........................................................................35
6.10.A Break-Up Fee............................................................36
6.11 Amtel............................................................................38
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ASSET PURCHASE AGREEMENT
------------------------
THIS ASSET PURCHASE AGREEMENT (the "Agreement"), dated as of June 26,
1996, among PhoneTel Technologies, Inc., an Ohio corporation (the "Buyer"), and
ACI-HDT Supply Company, a California corporation ("HDT"), Amtel Communications
Services, Inc., a California corporation ("ACS"), Amtel Communications
Correctional Facilities, Inc., a California corporation ("ACF"), Amtel
Communications, Inc., a California corporation ("ACI"), and Amtel Communications
Payphones, Inc., a California corporation ("ACP") all of which are hereinafter
collectively referred to as "Amtel" or "Seller."
FIRST: Amtel is engaged in the business of owning and operating pay
telephones and engaging in the sale, installation and maintenance of pay
telephones (the "Business");
SECOND: HDT, ACS, ACF, ACI, and ACP are all separate
Debtors-In-Possession in separate Chapter 11 reorganization proceedings now
pending before the United States Bankruptcy Court for the Southern District of
California (the "Bankruptcy Court") identified as Case Nos. 95-08253-A11 through
95-08257-B11, respectively, all of which have been administratively consolidated
under Case No. 95-08253-A11 (the "Bankruptcy Case");
THIRD: Two official committees have been appointed and are acting in
the Bankruptcy Case pursuant to the provisions of 11 U.S.C. section 1102(a).
They are known as the "Official Committee
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of Lessors" (hereinafter the "OCL") and the "Official Unsecured Creditors'
Committee" (hereinafter the "OUCC"); and,
FOURTH: The Buyer desires to purchase, and Amtel desires to sell, free
and clear of all liens, claims, and interests in accordance with and pursuant to
11 U.S.C. sections 363(b) and (f) and section 365(a), all of the assets,
claims, and property of every description in which Amtel holds an ownership or
other interest that are used in, or arose from Amtel's operating the Business
(the "Payphone Operating Assets"). The Payphone Operating Assets include all of
the assets and property of Amtel except the assets and property specifically
excluded by the terms of the Agreement (the "Reserved Assets"). The Buyer
desires to purchase and Amtel desires to sell the Payphone Operating Assets upon
the terms and subject to the conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual agreements, covenants,
representations and warranties set forth herein, and intending to be legally
bound hereby, the parties hereto agree as follows:
ARTICLE I
PURCHASE AND SALE; THE CLOSING
1.1 PURCHASE AND SALE.
1.1.1 SALE OF PAYPHONE OPERATING ASSETS. Upon the terms
and subject to the conditions hereof, at the Closing (as hereinafter defined)
Amtel will sell, assign, transfer and
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deliver to the Buyer, and the Buyer will accept and purchase from Amtel, free
and clear of all encumbrances, the Payphone Operating Assets, which consist of
all of the items of tangible and intangible property and property rights set
forth in "Exhibit A" attached hereto and incorporated herein by this reference.
1.1.2 EXCLUDED ASSETS. Specifically excluded from the
Payphone Operating Assets are the Reserved Assets as set forth on "Exhibit B"
attached hereto and incorporated herein by this reference.
1.1.3 INSTRUMENTS OF CONVEYANCE. To effectuate the sale,
assignment, transfer and conveyance contemplated by this Agreement, Amtel will
execute and deliver to the Buyer at the Closing all bill of sale, deeds,
documents or instruments of sale, assignment, transfer or conveyance, reasonably
necessary or appropriate to vest in Buyer good, valid and marketable title to
all of the Assets, together with a valid assignment of all of Amtel's right,
title and interest in all of the Payphone Operating Assets which are contracts,
leases or licenses, in each case free and clear of any encumbrances
(collectively, the "Bill of Sale"). Buyer and Amtel specifically agree that the
Bill of Sale shall be in substantially the form and substance set forth in
Exhibits C, attached hereto and incorporated herein by this reference.
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1.1.4 LIABILITIES ASSUMED OR NOT ASSUMED BY BUYER. In
connection with the purchase of Payphone Operating Assets, whether through this
Agreement, Buyer shall not be obligated, assume or in any manner be or become
responsible for any liabilities of Amtel or its affiliates except those
liabilities set forth on "Exhibit D" hereto (the "Assumed Liabilities"). Without
limiting the foregoing, Buyer shall not be liable for (a) any taxes of Amtel for
any taxable period, including, without limitation, taxes incurred pursuant to
Section 1.1502-6 of the Treasury Regulations, or similar provisions under state,
local or foreign law, (b) any debt owed by Amtel to any creditor, whether
secured or unsecured whether or not scheduled by Amtel on the schedules filed in
the Bankruptcy Court, and whether or not a proof of claim has been filed with
respect to such debt, (c) any liability of Amtel arising from violations of
state or federal securities law, (d) any amount owed by Amtel to any present or
former employee, (e) any other amount for which Amtel is or may be deemed to be
liable, other than post-Closing obligations under the Location Agreements and
every other contract, lease, license, or agreement of Amtel that constitutes a
Payphone Operating Asset; or (f) expenses of administration in the Bankruptcy
case.
1.2 CONSIDERATION
1.2.1 GENERAL CONSIDERATION. Upon the terms and subject to
the conditions hereof, in reliance upon the
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representations, warranties, covenants and agreements of Amtel contained herein,
the Buyer will deliver the following consideration (the "Consideration"):
(a) Cash in the amount of Seven Million Dollars ($7
million); and (b) Shares of the Buyer's Common stock having
an "Established Value," as hereinafter defined, of not less
than Six Million Dollars ($6 million) (the "Common Stock").
No fractional shares shall be delivered in satisfaction of
this obligation. Rather, Buyer shall be obligated to deliver
the least number of shares of the Common Stock necessary to
provide an Established Value of not less than Six Million
Dollars; (c) Notwithstanding any provision of this Agreement
which may be construed to the contrary, Buyer may, in its
sole and exclusive discretion, elect to deliver cash in the
amount of six million dollars ($6 million) in place of the
Common Stock if, but only if, the Established Value of the
Common Stock is less than $3.50 per share. Buyer may
exercise this option, if at all, by filing with the
Bankruptcy Court, and serving upon Amtel, the OCL and the
OUCC, a written notice of that
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election not later than the date of the Closing described in
paragraph 1.4 below.
1.2.2 ADDITIONAL CONSIDERATION. In addition to the foregoing,
Buyer shall either (a) shall at its expense cause the Common Stock to be
registered in accordance with and pursuant to the Securities Act of 1933, and
Securities and Exchange Act of 1934, as soon as practicable, but in all events
not later than March 31, 1997; or (b) a "no action" letter from the Securities
Exchange Commission reasonably satisfactory to Amtel.
1.2.3 The Consideration Described in Paragraph
1.2.1 above shall be paid and delivered to Amtel as follows:
(a) UPON EXECUTION. Upon execution of this Agreement Buyer
shall deliver to Amtel cash in the amount of one million
three hundred thousand dollars ($1,300,000) as its earnest
money deposit (the "Non-Refundable Deposit"). The Non-
Refundable Deposit shall be deposited into an
interest-bearing special client's trust account maintained
by Robbins & Keehn, APC at Union Bank (San Diego Main
Branch) for the benefit of Amtel and the Buyer from which no
withdrawals may be made unless specifically authorized by a
written instruction executed by Amtel and Buyer, or an order
issued from the Bankruptcy Court. No
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request to withdraw any portion of the NonRefundable Deposit
shall be made except as contemplated by paragraph 6.9.4 and
without providing Buyer prior written notice and opportunity
to be heard with respect to the request. Any interest that
shall accrue on the Non-refundable Deposit through the
Closing Date as defined herein shall be credited against the
cash that the Buyer is obligated to deliver to Amtel at the
Closing; provided however, that if, for any reason the
Closing actually occurs on a date later than ten (10)
business days after the entry of the Enabling Order (i.e.
the defined Closing Date), then any such interest shall not
be credited against the cash that the Buyer is obligated to
deliver to Amtel at the Closing, but shall be retained by
Amtel.
(b) AT THE CLOSING. The balance of the Consideration shall
be paid and delivered to Amtel at the Closing pursuant
to paragraph 1.4 below.
1.3 CALCULATION OF ESTABLISHED VALUE. As used herein, "Established
Value" shall be determined by calculating the arithmetic average of the closing
price for the Common Stock on the ten business days ending on the fourth
business day preceding the date of the Closing (the "Test Period"). If there is
any day
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in the Test Period on which there are no trades, the closing price for such day
shall be deemed to be the closing price for the last date preceding such day on
which trading did occur.
1.4 THE CLOSING. Upon the terms and subject to the conditions contained
in this Agreement, the Closing of the transactions contemplated hereby, and the
execution and delivery of the Bill of Sale (the "Closing") will take place at
the offices of Robbins & Keehn, A Professional Corporation, 530 "B" Street,
Suite 2400, San Diego, California on or prior to 5:00 p.m. of the tenth (10th)
business day following the entry of the "Enabling Order" as hereinafter defined
(the "Closing Date"). The Closing may be continued by the written mutual consent
of Amtel and the Buyer to any date beyond the defined Closing Date which is
mutually acceptable to them.
1.5 DELIVERIES BY AMTEL. At the Closing, Amtel shall deliver to the
Buyer (unless previously delivered) the following:
(a) a certified copy of the Enabling Order;
(b) the Bill of Sale;
(c) a written acknowledgment of receipt of the
payments provided pursuant to this Agreement;
(d) authenticated resolutions of the Board of Directors
of HDT, ACS, ACF, ACI, and ACP approving this Agreement
and the form of the Bill of Sale; and
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(e) A certificate from the general manager of Amtel
certifying that all representations and warranties con
tained in Article II are true and correct as of the
Closing Date;
1.6 DELIVERIES BY THE BUYER. At the Closing the Buyer shall
deliver (unless previously delivered) the following to Amtel:
(a) Cash in the amount of $7 million less an amount
equal to the Non-refundable deposit plus interest that
has accrued thereon as of the defined Closing Date;
(b) (1) the Common Stock; or alternatively,
(2) cash in the amount of $6 million if Buyer makes the
election permitted by paragraph 1.2.1(c).
(c) A certificate evidencing the good standing of the
Buyer under the laws of the state of Ohio; and,
(d) Certified resolutions of the Board of Directors of
the Buyer approving this Agreement and the transactions
contemplated hereby.
ARTICLE II
AMTEL'S REPRESENTATIONS AND WARRANTIES
--------------------------------------
Amtel represents and warrants to the Buyer as follows:
2.1 AUTHORIZATION; BINDING OBLIGATION. This Agreement has been duly and
validly executed and delivered by Amtel and,
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subject only to the authorization to be provided through the Enabling Order,
constitutes a legal, valid and binding obligation of HDT, ACS, ACF, ACI, and
ACP, and each of them, enforceable against them in accordance with its terms.
Amtel has the legal capacity and all requisite power and authority to execute
and deliver this Agreement as provided herein, and to perform Amtel's
obligations hereunder which by their nature are to be performed prior to the
Closing; and, upon entry of the Enabling Order, will have the legal capacity and
all requisite power to consummate the transactions contemplated hereby at the
Closing. Such execution, delivery and consummation has been duly and validly
authorized by all necessary action on the part of Amtel and, upon entry of the
Enabling Orders, the Bankruptcy Court.
2.2 CONSENTS AND APPROVALS. Except for the need to obtain the Enabling
Order neither the execution, delivery or performance of this Agreement will
require any consent, waiver, approval, authorization or permit of any
governmental unit, subdivision, or agency, or any other person or entity.
2.3 BROKERS. Amtel neither has nor will have any obligation to pay any
broker's, finder's, investment banker's, financial advisor's or similar fee in
connection with this Agreement or the Bill of Sale, or the transactions
contemplated hereby or thereby, by reason of any action taken by or on behalf of
Amtel.
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2.4 AVERAGE REVENUE. Amtel's average Payphone revenues as reflected on
its "Operating Reports" filed in the Bankruptcy Case for the calendar months of
October 1995 through April 1996, inclusive, accurately reflect the revenues
generated by Amtel's payphone operations for that period of time.
2.5 MINIMUM PAYPHONES. The Payphone Operating Assets include not less
than 7,500 pay telephones, at least 6,000 of which are installed and operating.
2.6 MINIMUM AVERAGE OF REMAINING TERM OF SITE LOCATION AGREEMENTS. The
average length of the remaining term for each payphone on all of the Location
Agreements, included as part of the Payphone Operating Assets (see Exhibit A),
is not less than twelve (12) months.
ARTICLE III
REPRESENTATIONS AND WARRANTIES OF THE BUYER
-------------------------------------------
The Buyer represents and warrants to Amtel as follows:
3.1 ORGANIZATION AND STANDING. The Buyer is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Ohio. The Buyer has all requisite corporate power and authority to own, lease
and operate its properties and assets and to carry on its business and
operations as it is now being conducted.
3.2 AUTHORIZATION; BINDING OBLIGATION. The Buyer has all requisite
corporate power and authority to execute and deliver
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this Agreement and the other documents contemplated hereby and to consummate the
transactions contemplated hereby and thereby and to perform its obligations
hereunder and thereunder. The execution and delivery of this Agreement, and the
consummation of the transactions contemplated hereby and thereby by the Buyer
have been duly and validly authorized by the Board of Directors of the Buyer.
This Agreement has been validly executed and delivered by the Buyer and,
constitute legal, valid and binding obligations of the Buyer, enforceable
against the Buyer in accordance with their terms.
3.3 BROKERS. Buyer does not have or will not have any obligation to pay
any broker's, finder's, investment banker's, financial advisor's or similar fee
in connection with this Agreement or the Other Documents, or the transactions
contemplated hereby or thereby, by reason of any action taken by or on behalf of
Buyer.
3.4 THE COMMON STOCK. The Common Stock described in paragraph 1.2.1(b)
as of the Closing will be validly issued, nonassessable, voting shares of Buyers
stock.
ARTICLE IV
ADDITIONAL COVENANTS
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4.1 CONDUCT OF BUSINESS OF AMTEL. Amtel agrees that from the date of
execution of this Agreement until the Closing (unless otherwise expressly
consented to in writing by the Buyer):
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4.1.1 Amtel shall carry on the Business with reasonable
diligence and substantially in the same manner conducted from and after January
1, 1996 ("Past Practice") and shall not institute any material changes not in
the ordinary course of business or inconsistent with Past Practice, except to
the extent that business or other exigencies compel such changes in order to
preserve, maintain or enhance the value of the Payphone Operating Assets before
such consent can be attained. Without limiting the generality of the foregoing,
Amtel will not, with respect to the Business (I) change the accounting methods,
principles or practices of the Business in any material respect from Past
Practice, (ii) revalue any of the assets of the Business, (iii) sell, lease,
transfer or otherwise dispose of any assets of the Business other than in the
ordinary course of business and consistent with Past Practice, or (iv) install
any telephones which will become new Amtel Payphones without the prior written
consent of Buyer, which consent will not be unreasonably withheld.
4.1.2 Amtel shall take such action as may be reasonable,
prudent and cost justified (I) to maintain, and preserve the Business; and (ii)
to maintain all of the "Hard Assets" described in paragraph 1.0 of Exhibit A in
good operating condition.
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4.1.3 Amtel shall duly comply with (I) all laws applicable to
the Business and its operations the failure to so comply with would have a
material adverse effect on the Business and (ii) all laws compliance with which
is required for the valid consummation of the transactions contemplated by this
Agreement.
4.1.4 Amtel shall not, without Buyer's prior written
approval, enter into, adopt, amend or terminate any employee benefit plan,
increase in any manner the compensation or fringe benefits of any officer or
employee or enter into any contract, agreement, commitment or arrangement to do
any of the foregoing. Notwithstanding any provision of the foregoing which may
be construed to the contrary, this Paragraph 4.1.4 does not apply to any
provision for the payment of bonuses to key management personnel which are, or
may hereafter be provided for by any provision of a Chapter 11 plan as to which
Amtel is a plan proponent, and for which the Buyer shall have no liability.
4.1.5 Amtel shall not enter into or offer to enter into any
employment or consulting agreement with any person except to the extent
necessary to aid in its efforts to obtain Confirmation of the Plan, or prosecute
or defend any litigation in which it is a party;
4.1.6 Amtel shall not take, or agree in writing or otherwise
to take, any of the foregoing actions or any action which would make any
representation or warranty of Amtel
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contained in this Agreement untrue or incorrect as of the date when made or, as
of any future date or which could prevent the satisfaction of any condition to
Closing.
4.2 FURTHER ASSURANCES; COOPERATION.
4.2.1 Upon execution of this Agreement, and after Amtel has
received the Non-Refundable Deposit, Amtel will provide Buyer with copies of all
pleadings and papers filed in the Bankruptcy Case pertaining to this Agreement
and/or the transactions that it contemplates. The purpose of this provision is
to provide Buyer with as much advance notice of and opportunity to comment upon
such pleadings and papers as the circumstances reasonably permit. Accordingly,
and except for the pleadings and papers described in the following sentence,
Amtel shall provide Buyer with copies of all such pleadings and papers at least
48 hours before such proposed filing. The calculation of this time shall exclude
intervening weekends and holidays prior to the time of the proposed filing. With
respect to any Chapter 11 Plan, Disclosure Statement, reply papers, papers
submitted pursuant to a Court order entered 10 or fewer days prior to the
deadline set in such order, or submitted as part of any emergency application to
the Bankruptcy Court, Buyer's copy shall be provided as soon as practical, with
an advanced draft as soon as practical, and the final version shall at a minimum
be transmitted to Buyer via telecopier concurrently with the filing
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thereof. Buyer's execution of this agreement shall be deemed to constitute a
written request for copies of Amtel's Plan(s) and related Disclosure
Statement(s) within the meaning of Rule 3017(a) of the Federal Rules of
Bankruptcy Procedure.
4.2.2 The parties shall, from time to time after the Closing,
upon the request of any other party and without further consideration, execute,
acknowledge and deliver in proper form any further instruments, and take such
further actions as such other party may reasonably require, to carry out
effectively the intent of this Agreement and the Bill of Sale.
4.3 CONFIDENTIALITY. Amtel agrees that it will not (and will cause its
officers and directors to not) at any time after the Closing, without the prior
written consent of the Buyer, disclose or use any information obtained during
the negotiation or due diligence process nor any other confidential information
(relating to either the Buyer or Amtel) otherwise obtained except (i) as may be
necessary in connection with their filing and reporting obligations under the
Bankruptcy Code (Title 11 U.S.C.), the taxing authority of any governmental
agency, subdivision or unit, or any contract which is part of the Business; and
(ii) as may be necessary in connection with Seller's Plan and Disclosure
Statement; (iii) as may be necessary in connection with seeking approval of the
enabling orders; (iv) as ordered by Bankruptcy Court; (v) as required by the
taxing
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authority of any governmental agency, subdivision or unit or any contract which
is part of the business, and (vi) to the extent same is, or reasonably may be,
required by any provision of any applicable law.
4.4 PUBLICITY. None of the parties hereto shall issue any press release
or make any public statement regarding the transactions contemplated hereby,
without the prior approval of the other parties, which approval shall not be
unreasonably withheld, except as may be required by law or as necessary to
secure financing or obtain entry of the Enabling Order.
4.5 EXPENSES. Except as otherwise specifically provided for herein,
each party hereto shall be solely responsible for all expenses incurred by it or
on its behalf in connection with the preparation and execution of this Agreement
and the Bill of Sale and the consummation of the transactions contemplated
hereby and thereby, including, without limitation, the fees and expenses of its
counsel, accountants, brokers, finders, financial advisors and other
representatives.
4.6 FORWARDING OF PAYMENTS RECEIVED. Amtel shall immediately remit to
Buyer any monies received in respect of the Business after the Closing.
4.7 TRANSFER AND SIMILAR TAXES; INDEMNITY.
4.7.1 The parties agree that all transfer, sales, use, conveyance,
documentary or other similar taxes and fees
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(including penalties, interest and additions) arising out of or related to the
sale of the Payphone Operating Assets pursuant to this Agreement shall be borne
by the Buyer pursuant to California Civil Code section 1656.1. The payment of
Sales Tax shall be in addition to and not withheld from the consideration
described in paragraph 1.2 above. Buyer shall be entitled to allocate the total
consideration paid under this Agreement for the Payphone Operating Assets, and
Seller expressly agrees to support, and refrain from taking any position
inconsistent with, any written allocation of that consideration made by Buyer.
Notwithstanding any provision of this Agreement which may be construed to the
contrary, the parties agree that Buyer shall not be required to pay all, or any
portion of, any State or Federal income tax of Amtel, whether such income
tax(es) arises (arose) from the transactions contemplated by this Agreement or
otherwise.
4.7.2 By execution of this Agreement, Buyer, for itself and
all its successors in interest, covenants and agrees to pay any and all of the
sales, use, conveyance, documentary or similar taxes described in Paragraph
4.7.1 above if, to the extent that, and when such taxes become due; and,
expressly agrees to save, defend, and hold Amtel harmless from any and all
claims arising out of or related to Buyer's actual or claimed failure to pay
such taxes when due.
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4.8 DELIVERY OF FINANCIAL STATEMENT. Amtel shall continue to prepare
balance sheets and statements of revenue and expense ("Financial Statements") as
of the end of each month, consistent with its Prior Practice, and shall deliver
such Financial State ments to Buyer within three (3) business days after they
have been prepared, reviewed by its accounting manager, and finalized, but not
later than thirty (30) days after the end of each month.
4.9 EMPLOYEES. Amtel shall permit Buyer access to all employees of
Amtel at reasonable times. Upon or after the Closing, Buyer may employ any
employee of Amtel, upon such terms as Buyer and such employee may agree. Buyer
shall have no obligation to employ any employee of Amtel, and shall have no
obligation in respect of their employment with Amtel including any obligation in
respect of the termination of such employment.
4.10 DUTY TO OBTAIN COURT APPROVAL.
4.10.1 NECESSITY FOR COURT APPROVAL/DUTY TO OBTAIN. By
execution hereof the parties acknowledge and agree that (a) the sale of the
Payphone Operating Assets as provided in this Agreement is a transaction outside
of Amtel's ordinary course of business which requires prior authorization and
approval of the Bankruptcy Court pursuant to 11 U.S.C. section 363(b) and (f);
and, (b) the assumption by Amtel and simultaneous assignment to Buyer of the
"Location Agreements" (as described in paragraph 2.0 of Exhibit A) and every
other contract, license, lease or agreement
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that constitutes a part of the Payphone Operating Assets require prior
authorization and approval of the Bankruptcy Court pursuant to 11 U.S.C. section
365(a). Amtel shall move as promptly as practicable after the execution hereof,
with due notice to all persons entitled to notice thereof, including without
limitation each person asserting an interest in any of the Payphone Operating
Assets and each party (other than Amtel) to a Location Agreement and every other
contract, lease, license, or agreement of Amtel that constitutes a Payphone
Operating Assets, for an order of the Bankruptcy Court authorizing the sale of
the Payphone Operating Assets to the Buyer and the assumption and assignment to
the Buyer of each Location Agreement and every other contract, lease, license,
or agreement of Amtel that constitutes a Payphone Operating Asset, and shall use
its best efforts to cause the entry of such order. If the Bankruptcy Court is
unwilling to enter the Enabling Order except in connection with the confirmation
of a reorganization plan for Amtel, Amtel will as soon as practicable seek the
entry of an order confirming such a plan and incorporating the provisions of
such an Enabling Order.
4.10.2 ENABLING ORDER EFFECTIVE DATE. Except for obligations
which, by their nature, will be performed prior to entry of the Enabling Order,
including, without limitation, the performance of obligations under paragraphs
4.10.3 and 6.9 of
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this Agreement, this Agreement shall not be valid and binding upon the parties
until the entry of the Enabling Order; PROVIDED HOWEVER, that upon entry of the
"Enabling Order," the binding effect of this Agreement shall relate back to the
first date hereinabove set forth (the "Effective Date"). The Enabling Order may,
but are not required to be, part of an order confirming Amtel's Chapter 11 plan
in the Bankruptcy Case.
4.10.3 NO OVERBID. The Buyer's original offer to purchase the
Payphone Operating Assets, was made under the express condition that if
accepted, it would not be subject to any form of overbid procedure, in the
Bankruptcy Court or otherwise. Amtel accepted the Buyer's offer upon those
terms. Accordingly, by execution of this Agreement, the parties hereto
acknowledge and agree that the transactions contemplated by this Agreement shall
not be subject to any form of overbid procedure in the Bankruptcy Court or
otherwise. In the event that the Bankruptcy Court, or any other person or
entity, compels Amtel to subject the transactions contemplated by this Agreement
to any overbid procedure, then, unless the Buyer waives the provisions of this
paragraph 4.10 in writing Amtel's acceptance of the offer, shall be deemed to
have been ineffective, all of the rights of both parties under this Agreement
shall automatically terminate, and the Nonrefundable Deposit (notwithstanding
its name) shall be returned forthwith to the Buyer, together with any
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and all interest earned thereon from the date of deposit to the
date of return.
4.11 PERMISSIBLE BACK-UP OFFERS; DUTY TO DISCLOSE BACK-UP
OFFERS.
4.11.1 Notwithstanding any provision of this Agreement which
may be construed to the contrary (including, without limitation, the "no
overbid" provisions of Paragraph 4.10.3 above), Amtel shall have the right to
negotiate with interested parties to obtain "Back-Up Offers" for transactions
which may include a sale or other disposition of the Payphone Operating Assets
at any time up to the actual date of the Closing provided that Amtel has reason
to believe that the Enabling Order will not be issued, that Buyer will not have
sufficient funds to satisfy its obligations hereunder, or that Buyer will not
consummate the Closing by the Closing Date for any other reason. Seller shall
have the right to obtain any authorization or approval necessary from the
Bankruptcy Court which reasonably may be necessary to authorize Amtel to enter
into and consummate transactions which are the subject of "Back-Up Offers" prior
to the Closing; provided however, that any order of the Bankruptcy Court
authorizing or approving Amtel's acceptance or performance of any Back-Up Offers
shall, by its express terms, make the authorization and/or approval conditional
upon Buyer's failure to close the transactions contemplated by this Agreement on
or
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before the Closing Date; notwithstanding the satisfaction of the conditions set
forth in paragraph 5.1. Any such order not containing that limitation shall be
conclusively presumed to create and constitute an "overbid procedure" within the
meaning of this Agreement, and in violation of paragraph 4.10.3 above.
4.11.2 Amtel shall disclose, to the Buyer, in writing, the
identity of the prospective purchaser under any Back-Up-Offer, the nature and
extent of the assets to be purchased, the nature and extent of the consideration
to be received, and the terms upon which the consideration is to be paid or
otherwise delivered. This writing shall be issued not later than three (3)
business days following the date that the Back-Up Offer is received by Amtel's
General Manager. In the event that Amtel makes any counterproposal to any such
Back-Up Offer, or the Back-Up Offer is otherwise modified or withdrawn, then a
follow-up written notice identifying the proposed and/or modified terms of the
prospective transaction shall be given not later than three (3) business days
following the date that either the counterproposal is made by Amtel or the
modification/withdrawal is received by Amtel's General Manager.
4.12 AUDIT COOPERATION. By execution of this Agreement Amtel
expressly covenants and agrees that it will make available documents and
personnel which are subject to its control and provide such other assistance as
may be reasonably be necessary
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to cooperate with any audit conducted by any firm of certified public
accountants engaged by Buyer for the purpose of auditing all or any portion of
Amtel's financial books and records or other documents relating to the Business.
4.13 SPECIAL PROVISIONS REGARDING COMMON STOCK.
4.13.1 Amtel represents and warrants that it intends to
distribute the Common Stock acquired pursuant to this Agreement only to its
creditors, in exchange for their claims, in accordance with the terms of the
Plan and after the entry of an order of the Bankruptcy Court confirming the Plan
(the "Confirmation Order"). Such distribution will be made in reliance on 11
U.S.C. section 1145 and on the exemption set forth therein from the registration
requirements of Section 5 of the Securities Act of 1933, as amended (the
"Securities Act"), and any state or local law requiring registration for offer
or sale of a security (collectively referred to ans "Blue Sky Laws"). Amtel
agrees that it will not make such distribution unless:
(a) The confirmation Order includes a finding of fact that the Buyer is
a "successor" of Amtel within the meaning of 11 U.S.C. section 1145 and
a conclusion of law that the distribution qualifies for the exemption
from registration in that section, or;
(b) The Confirmation Order includes a conclusion of law that the
distribution either (I) qualifies for an exemption
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(other than 11 USC section 1145) from the registration requirements of
the securities Act, and any applicable Blue Sky Law, or; (ii) is being
made in compliance with the Securities Act and any applicable Blue Sky
Law.
4.13.2 Prior to the entry of a Confirmation Order that
includes the finding and/or conclusion set forth in the foregoing paragraph,
Amtel, for itself and any successor in interest, including without limitation
any trustee appointed by the Bankruptcy Court, agrees that it will not for a
period of twenty-five months following the effective date of the Plan sell,
transfer, pledge or otherwise dispose of all or any portion of the Common Stock
(other than pursuant to an effective registration statement under the Securities
Act) without first delivering to the Buyer a written opinion of counsel,
reasonably satisfactory in form and substance to the Buyer, that there is
available therefor an exemption from the registration requirements of the
Securities Act.
4.13.3 The certificate representing the Common Stock to be
delivered to Amtel at the Closing will bear a legend which shall be in substance
substantially identical to the legend set forth in Exhibit E attached hereto and
incorporated herein by this reference (the "Restrictive Legend"). After the
entry of a Confirmation Order the includes the finding and conclusion set forth
in paragraph 4.13.1 and in connection with the distribution
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of the Common Stock pursuant to the Plan, at the request of Amtel, the Buyer
will cause such certificate to be replaced with certificates of Common Stock in
appropriate denominations for distribution under the Plan, which replacement
certificates will not bear the Restrictive Legend.
ARTICLE V
CONDITIONS TO CLOSING
---------------------
5.1 CONDITIONS PRECEDENT TO OBLIGATIONS OF THE BUYER.The obligation of
the Buyer to consummate the transactions contemplated hereby is subject to the
satisfaction or waiver on or before the Closing of each of the following
conditions:
5.1.1 ACCURACY OF REPRESENTATIONS AND WARRANTIES. Each of the
representations and warranties of Amtel contained in this Agreement, or in the
Bill of Sale shall have been true and correct in all material respects when
made, and shall be true and correct in all material respects as of the Closing
Date as though made on and as of such date.
5.1.2 PERFORMANCE OF AGREEMENTS. Amtel shall have performed
and complied with all of the covenants and agreements contained in this
Agreement to be performed or complied with by them at or before the Closing.
5.1.3 ENABLING ORDER.
(a) The Enabling Order shall have been entered,
shall be in form and substance reasonably satisfactory
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31
to the Buyer, and such order shall not have been reversed, modified or amended
without the Buyer's consent, and shall not be the subject of any stay. The
Buyer's execution of an "approved as to form and substance" acknowledgment on
the Enabling Order shall conclusively establish this requirement. If the Buyer
does not execute such an "approved as to form and substance" acknowledgment,
then unless the Buyer objects in writing to the form or substance of the
Enabling Order within three (3) business days after it is entered, it shall be
conclusively deemed to be satisfactory in form and substance to the Buyer.
Without limiting Buyer's approval rights, the Enabling Order shall:
(1) Authorize Amtel to sell all of
the Payphone Operating Assets to the Buyer free and clear of all liens or other
interests under 11 U.S.C. section 363(f).
(2) Include a finding of fact that
the transfer by Amtel of the Payphone Operating Assets pursuant to the Enabling
Order will transfer to Buyer good and marketable title to those assets free and
clear of all liens, claims, and interest.
(3) Authorize Amtel to assume and
assign all of the Location Agreements and every other contract, lease, license,
or agreement of Amtel that constitutes a Payphone Operating Asset under 11
U.S.C. section 365(a).
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32
(4) Order that by performing its
obligations under the Agreement, the Buyer will not become liable for any debt
or obligation of Amtel, including without limitation the debts and obligations
described in paragraph 1.1.4(a)-(f) above, except only post-Closing obligations
under each of the Location Agreements and every other contract, lease, license,
or agreement of Amtel that constitutes a Payphone Operating Asset.
(5) Include a finding of fact that
notice of the motion for entry of the Enabling Order was duly served on all
persons entitled thereto.
(6) Include a finding of fact that
the Buyer shall acquire the Payphone Operating Assets in "good faith" within the
meaning of 11 U.S.C. section 363(m).
(7) Include a finding of fact that
Amtel has provided "adequate assurance," within the meaning of 11 U.S.C. section
365 (f)(2)(B), of the Buyer's ability to perform the obligations of Amtel under
each Location Agreements and every other contract, lease, license, or agreement
of Amtel that constitute a Payphone Operating Asset.
(8) Direct Amtel to cure (or
provide for cure with a segregated cash fund in the maximum amount required for
such cure) all defaults under any Location Agreement and every other contract,
lease, license, or agreement of Amtel that
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constitutes a Payphone Operating Asset not later than three business days after
the Closing.
(9) Provide that Amtel and any
successor in interest to Amtel, including any trustee appointed by the
Bankruptcy Court, is and shall be bound by the restrictions on transfer of the
Common Stock set forth in paragraph 4.13.2 hereof and in the Restrictive Legend.
5.1.4 MINIMUM PAYPHONES. The Payphone Operating Assets
include not less than 7,500 pay telephones, at least 6,000 of which are
installed and operating.
5.1.5 MINIMUM AVERAGE OF REMAINING TERM OF SITE LOCATION
AGREEMENTS. The average length of the remaining term on each of the payphones on
all of the Location Agreements, included as part of the Payphone Operating
Assets (see Exhibit A), is not less than twelve (12) months.
5.1.6 INJUNCTION. There shall not have been entered an order
of a court of competent jurisdiction enjoining or prohibiting consummation of
the sale and purchase of Payphone Operating Assets contemplated by this
Agreement, other than an injunction or prohibition entered against Buyer solely
by reason of facts pertaining to Buyer (e.g. if Buyer's shareholders obtain an
injunction to block consummation of the sale).
5.2 CONDITIONS PRECEDENT TO OBLIGATIONS OF AMTEL. The
obligations of Amtel to consummate the transactions contemplated
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hereby are subject to the satisfaction or waiver (subject to applicable Law) on
or before the Closing of each of the following conditions:
5.2.1 ACCURACY OF REPRESENTATIONS AND WARRANTIES. Each of the
representations and warranties of the Buyer contained in this Agreement on or
before the Closing pursuant hereto shall have been true and correct in all
material respects when made, and shall be true and correct in all material
respects as of the Closing Date as though made on and as of such date.
5.2.2 PERFORMANCE OF AGREEMENTS. The Buyer shall have
performed and complied with all of the covenants and agree ments contained in
this Agreement to be performed or complied with by the Buyer at or before the
Closing.
5.2.3 ADVERSE PROCEEDINGS. No claim, action, suit,
investigation or governmental proceeding shall be pending, and no law of any
Governmental Authority shall be enacted, rendered or in force, which would
render it unlawful, as of the Closing Date, to effect the transactions
contemplated by this Agreement and the Other Documents to be executed and
delivered pursuant hereto.
5.2.4 ENABLING ORDER. The Enabling Order has been entered by
the Bankruptcy Court, and no order staying the effect of the Enabling Order has
been entered.
5.2.5 INJUNCTION. There shall not have been entered an order
of a court of competent jurisdiction enjoining
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35
or prohibiting consummation of the sale and purchase of Payphone Operating
Assets contemplated by this Agreement.
ARTICLE VI
MISCELLANEOUS
-------------
6.1 PARTIES IN INTEREST; NO THIRD PARTY BENEFICIARIES.
6.1.1 This Agreement shall be binding upon, inure to the
benefit of, and be enforceable by, the parties hereto and their respective
successors and permitted assigns. This Agreement and the rights and obligations
of the Buyer and Amtel hereunder may not be assigned by any of the parties
hereto without the prior written consent of the other parties.
6.1.2 This Agreement is not intended, nor shall it be
construed, to confer upon any person or entity except the parties hereto and
their heirs, successors and permitted assigns any rights or remedies under or by
reason of this Agreement.
6.2 EXHIBITS. All Exhibits annexed hereto referred to herein are
hereby incorporated in and made a part of this Agreement as if set forth in full
herein.
6.3 ENTIRE AGREEMENT. This Agreement, including the Exhibits
hereto and the documents, schedules, certificates and instruments referred to
herein, embody the entire agreement and understanding of the parties hereto in
respect of the transactions contemplated by this Agreement. This Agreement
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36
supersedes all prior agreements, arrangements and understandings of the parties
with respect to such transactions.
6.4 WAIVER OF COMPLIANCE. No amendment, modification, alteration,
supplement or waiver of compliance with any obligation, covenant, agreement,
provision or condition hereof or consent pursuant to this Agreement shall be
effective unless evidenced by an instrument in writing executed by all of the
parties or in the case of a waiver, the party against whom enforcement of any
waiver, is sought. Any waiver or failure to insist upon strict compliance with
such obligation, covenant, agreement, provision or condition shall not operate
as a waiver of, or estoppel with respect to, any subsequent or other failure.
6.5 VALIDITY. The invalidity or unenforceability of any provision of
this Agreement shall not affect the validity or enforceability of any other
provisions of this Agreement, each of which shall remain in full force and
effect.
6.6 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.
6.7 HEADINGS. The table of contents, article and section headings
contained in this Agreement are for convenience only and shall not control or
affect in any way the meaning or interpretation of the provisions of this
Agreement. By execution
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hereof the parties acknowledge and agree that each has participated in the
negotiation in development of terms and conditions reflected in this Agreement,
and that in so doing, neither has operated under any unfair disparity of
bargaining power with respect to the other. Accordingly, no provision of this
Agreement is to be interpreted for or against either party because that party or
his legal representative may have drafted such provisions.
6.8 GOVERNING LAW; JURISDICTION. This Agreement shall be governed by
and construed in accordance with the laws of the State of California without
giving effect to the conflicts of law principles of such jurisdiction. The
United States District Court for the Southern District of California (which term
includes the United States Bankruptcy Court for the Southern District of
California) shall have the exclusive jurisdiction to resolve any and all claims
and controversy between the Buyer and Amtel arising from or related to this
Agreement.
6.9 TERMINATION.
6.9.1 TERMINATION BY AMTEL. This Agreement may be
terminated without breach by Amtel:
(a) if all of the conditions to the obligations of
Buyer set forth in paragraph 5.1 have been
satisfied or waived on or before the Closing Date,
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38
and the Closing has not been fully consummated by the
Closing Date; or, (b) if the Closing has not occurred by
December 31, 1996, and Amtel is not in default of its
obligations under this Agreement.
6.9.2 TERMINATION BY BUYER. This Agreement may be
terminated without breach by Buyer:
(a) Pursuant to the provisions of paragraph
4.10.3 above;
(b) If the Conditions to the obligations of
Amtel hereunder set forth in paragraph 5.2 above have been satisfied or waived
and the Closing has not occurred on or before the Closing Date; or,
(c) If the Closing has not occurred by December
31, 1996, and Buyer is not in default of its obligations under this Agreement.
6.9.3 BY MUTUAL CONSENT. Amtel and the Buyer
may, subject to the provisions of Rule 9019(a) of the Federal Rules of
Bankruptcy Procedure to the extent that it would be applicable, terminate this
Agreement without breach at any time by their mutual consent expressed and
memorialized in writing.
6.9.4 DISPOSITION OF NONREFUNDABLE DEPOSIT. If this
Agreement is terminated by Amtel pursuant to paragraph 6.9.1(a) above, then
Amtel shall retain the Nonrefundable Deposit
34
39
and all interest earned thereon free and clear of all claims of Buyer. If this
Agreement is terminated pursuant to paragraphs 6.9.1(b) above, or by Buyer
pursuant to paragraph 4.10.3 or 6.9.2 above, or by mutual consent pursuant to
paragraph 6.9.3 above, then the Nonrefundable Deposit, together with all
interest earned thereon, shall be returned to Buyer within three (3) business
days after such termination.
6.10 NOTICES. All notices, requests, claims, demands and other
communications hereunder shall be in writing and shall be deemed to have been
duly given if delivered personally, telecopied (with confirmation of receipt),
delivered by nationally recognized overnight express service or sent by
registered or certified mail (postage prepaid, return receipt requested) to the
parties at the following addresses:
(a) If to the Buyer to:
PhoneTel Technologies, Inc.
650 Statler Officer Tower
1127 Euclid Avenue
Cleveland, Ohio 44115
Telephone: (216) 241-2555
Telecopy: (216) 241-2574
Attention: Chief Executive Officer
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Copy to:
Skadden, Arps, Slate,
Meagher & Flom
919 Third Avenue
New York, New York 10022
Telephone: (212) 735-3000
Telecopy: (212) 735-2000
Attention: Stephen M. Banker, Esq.
(b) If to Amtel:
Amtel Communications, Inc.
5452 Oberlin Drive, Suite B
San Diego, California 92121
Copy to:
L. Scott Keehn
ROBBINS & KEEHN
530 "B" Street, Suite 2400
San Diego, California 92101
Jeffry A. Davis, Esq.
GRAY CARY, WARE & FREIDENRICH
401 B Street, Suite 1700
San Diego, California 92101
Gerald N. Sims, Esq.
PYLE SIMS DUNCAN & STEVENSON
401 B Street, Suite 1500
San Diego, California 92101
or to such other address as the person to whom notice is to be given may have
previously furnished to the other in writing in the manner set forth above,
provided that notice of a change of address shall be deemed given only upon
receipt.
6.10.A BREAK-UP FEE. In the event that the Bankruptcy Court approves a
transaction, or confirms a plan of reorganization or liquidation, other than a
transaction or plan
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41
which PhoneTel approves, which renders Amtel unable to: (i) obtain the Enabling
Order as defined in this Agreement, or; (ii) perform its obligations under this
Agreement, then, and only then, Phonetel will be entitled to a Break-Up Fee of
$300,000.00. It is expressly understood between the parties that the obligation
to pay this Break-Up Fee does not arise if Amtel defaults its obligations under
this Agreement except as specifically set forth in this paragraph. PhoneTel
understands and acknowledges that, in the event Amtel defaults the Agreement
without obtaining approval of another transaction or Chapter 11 plan, PhoneTel
will not be entitled to the Break-Up Fee or any administrative claim related to
the Break-Up Fee. Notwithstanding the provisions of Section 6.9, the provisions
of this Section 6.10.A shall survive for six (6) months following termination of
this Agreement.
/ / / / /
/ / / / /
/ / / / /
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6.11 AMTEL. As used herein, the term "Amtel" means ACI-Co., ACS, ACF,
ACI, and ACP, and each of them, and also includes all of their successors in
interest, including, without limitation any Trustee appointed pursuant to any
provision of Title II of the United States Code.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement, on the day and year first above written.
HDT SUPPLY COMPANY, a
California corporation,
AMTEL COMMUNICATIONS SERVICES, a
California corporation,
AMTEL COMMUNICATIONS CORRECTIONAL
FACILITIES, a California
corporation,
AMTEL COMMUNICATIONS, INC., a
California corporation,
AMTEL COMMUNICATIONS PAYPHONES,
INC., a California corporation
By: /s/ Alan Kaniss
-----------------------------------
Alan Kaniss, General Manager
PHONETEL TECHNOLOGIES, INC.
By: /s/ Peter Graf
----------------------------------
Name: Peter Graf
Title: Chairman and CEO
43
EXHIBIT A
PAYPHONE OPERATING ASSETS
The "Payphone Operating Assets" consist of all of the following
categories of tangible and intangible property of Amtel:
1.0 HARD ASSETS. All of Amtel's pay telephones, pay telephone equipment and
related components, pedestals, enclosures, accessories, and other inventory,
goods, fixtures, furniture, vehicles, office equipment, trade fixtures, and/or
equipment which are not specifically identified or described as Reserved Assets
on "Exhibit B" attached hereto.
2.0 LOCATION AGREEMENTS. All of Amtel's right, title, interest, and claim
arising under the site location Agreements for the pay telephones referenced in
paragraph 1.0 above attached hereto and incorporated herein by this reference.
3.0 OTHER GENERAL INTANGIBLES. All trademarks, trade names, copyrights,
trade secrets, good will, patents, computer tapes, customer lists, documents
containing names, addresses, telephone numbers and other information regarding
Amtel's customers, subscribers, tapes, programs, print outs, disks, and other
material and documents relating to the recording or analyzing of any of the
foregoing; together with all rights title and interest to network contracts,
customer contacts for the furnishing by Amtel of Telecommunication Services, and
billing and collection contracts; and all records, documents relating to any and
all of the foregoing, including, without limitation, all records in the form of
writing, microfilm, microfiche, tape or electronic media.
4.0 CHOSES IN ACTION. All choses in action, or rights to recover money or
property from any person or entity, arising out of, or related to actual or
claimed violations of the automatic stay (11 U.S.C. Sec. 362(a)), together with
any and all causes of action or claims which could otherwise have been asserted
by Amtel based upon any breach of contract, wrongful interference with the
Business, or any other act or omission committed, or omitted (other than a
failure to pay an account receivable or money otherwise payable to Amtel), in
connection with the Business which acts were committed, or omitted at any time
prior to the Closing.
5.0 DEPOSITS. Any and all deposits of cash made by Amtel with any person or
entity, other than deposits made to landlords with respect to Amtel's
obligations under leases which are not assumed
EXHIBIT A
44
by Buyer pursuant to the terms of this Agreement.
6.0 GENERAL SCOPE. Any item of property described in paragraphs 1.0 through
4.0 above include all property which was "property of the estate" for any of the
Amtel entities, at any time on or after August 3, 1995, and prior to the
Closing; AND is also "property of the estate" on and as of the Closing. As used
here in the term "property of the estate," means and refers to any item of
property which is or would have been property of the estate of any of the Amtel
entities as that term is defined and established in 11 U.S.C. section 541.
EXHIBIT A
2
45
EXHIBIT B
RESERVED ASSETS
The "Reserved Assets" consist of all of the following categories
of tangible and intangible property of Amtel:
1.0 HARD ASSETS. All of the pay telephones, pay telephone equipment and
related components, pedestals, enclosures, accessories and related inventory
which is part of:
1.1 The "Elcotel Sequestered Collateral" described on "Exhibit B-1"
attached hereto;
1.2 The Protel "Surplus Inventory" described on "Exhibit B-2" attached
hereto; or,
1.3 The "Released Payphones" described in "Exhibit B-3" attached hereto
which will be returned to Texas Coin Phone, a Texas general
partnership.
2.0 LOCATION AGREEMENTS. All of Amtel's right, title, interest and claim
arising out of any of the site location agreements applicable to any of the
Released Payphones described in "Exhibit B-3" attached hereto and incorporated
herein by this reference.
3.0 OTHER GENERAL INTANGIBLES.
3.1 Any and all telephone accounts, and accounts receivable arising
from telecommunications services rendered to an end user prior to
the Closing Date (the "End User Accounts") to a regional Bell
operating company, a Bell operating company, local exchange
company, credit card company or provider of local telephone
services (each a "LEC") for billing, collection and rights in and
to any of the telephone receivables, debts, and other accounts
payable to Amtel by any LEC and all cash and noncash proceeds from
the foregoing, which first arose prior to the Effective Date of the
Agreement, and remain uncollected as of the Closing;
3.2 All of debtor's cash and cash equivalents;
3.3 All rights with respect to insurance policies owned by Amtel; and
3.4 All tax or other refund claims held by Amtel against any
governmental agency, subdivision or unit.
EXHIBIT B
46
4.0 CHOSES IN ACTION. Any and all causes of action or entitlement to recover
money or property against any person or entity which may be asserted by Amtel
pursuant to any of the provisions of Chapter 5 of the United States Bankruptcy
Code ("Title 11 U.S.C."). This includes, without limitation, the adversary
proceedings now pending in the Bankruptcy Court against the following
Defendants: Scott Mitchell, an individual, dba Payphones USA, Inc. (Adv. Case
No. 95-90805); Mountain States Payphones (Adv. Case No. 95-90805).; Orange
County Wings, et al. (Adv. Case No. 95-90805); Randy Kuhlmann (Adv. Case No. 96-
90245); David Darling (Adv. Case No. 96-90275); Four-Star Cinema, Inc., a
California Corporation dba Family Four Cinemas (Adv. Case No. 96-90318); Austin
Entertainment Group, Inc., a Texas Corporation dba The Roxy (Adv. Case No.
96-90349); Pacific Bell, (Public Utilities Commission Case No. 95-08-062); AT&T
Communications, Inc., a Delaware Corporation; AT&T Corp., a New York
Corporation; AT&T Communications Interexchange Companies, an association or
business entity, form unknown (Adv. Case No. 96-90318)
5.0 DEPOSITS. All deposits given to landlords for leases which have not been
assumed by the Buyer pursuant to the terms of this Agreement.
6.0 GENERAL SCOPE. Any item of property described in paragraphs 1.0 through 4.0
above include all property which was "property of the estate" for any of the
Amtel entities, at any time on or after August 3, 1995, and prior to the
Closing; AND is also "property of the estate" on and as of the Closing. As used
here in the term "property of the estate," means and refers to any item of
property which is or would have been property of the estate of any of the Amtel
entities as that term is defined and established in 11 U.S.C. section 541.
EXHIBIT B
2
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EXHIBIT B-1
ELCOTEL SEQUESTERED COLLATERAL
The Elcotel Sequestered collateral consists of the following Elcotel
products:
A. New/used Pay Telephones 1,337
B. Booths & enclosures 619
EXHIBIT B-1
48
EXHIBIT B-2
SURPLUS INVENTORY
The Surplus Inventory consists of the following Protel products:
A. New Pay Telephones 1,002
B. Used Pay Telephones 152
C. Miscellaneous Telephone Circuit Boards 10
EXHIBIT B-2
49
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)261-7889 5TH STREET GROCERY Com Opt 16 Per 0.00
3013 5TH STREET Add Opt 0 Per 0.00
STAFFORD TX 77477-
(713)928-7925 6-12 DRIVE IN Com Opt 2 Per 20.00
612 MARCARIO GARCIA Add Opt 0 Per 0.00
HOUSTON TX 77011-
(713)464-9846 99 CENTS STORE Com Opt 16 Per 0.00
10120 HAMMERLY Add Opt 0 Per 0.00
HOUSTON TX 77080-
Com Opt 2 Per 25.00
Add Opt 0 Per 0.00
(713)731-0713 ALL AROUND CAR CARE Com Opt 15 Per 0.00
8601 MLK Add Opt 0 Per 0.00
HOUSTON TX 77033-
(713)575-7136 ATLAS DELI & IMPORTS Com Opt 16 Per 0.00
6692 HIGHWAY 6 SOUTH Add Opt 0 Per 0.00
HOUSTON TX 77083-
(713)669-7659 AUTO CARE Com Opt 16 Per 0.00
6703 ADLER Add Opt 0 Per 0.00
HOUSTON TX 77081-
(713)692-9639 B & J LIQUOR Com Opt 15 Per 0.00
5202 1/2 YALE Add Opt 0 Per 0.00
HOUSTON TX 77091-
(713)988-4054 B BEST CAR WASH Com Opt 2 Per 25.00
6705 ROOKIN Add Opt 0 Per 0.00
HOUSTON TX
(713)671-9926 BALI HAI FOOD Com Opt 2 Per 20.00
2305 SAKOWITZ Add Opt 0 Per 0.00
HOUSTON TX 77020-
(713)232-0958 BECERRAS GROCERY Com Opt 2 Per 20.00
500 SECOND Add Opt 0 Per 0.00
ROSENBERG TX 77471-
(713)232-0951 BEST FLEA MARKET Com Opt 16 Per 0.00
4020 AVENUE H Add Opt 0 Per 0.00
ROSENBERG TX 77471-
EXHIBIT B 3
50
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)524-8044 BLODGETT FISH MARKET Com Opt 15 Per 0.00
2603 BLODGETT Add Opt 0 Per 0.00
HOUSTON TX 77004-
(713)774-2083 BRAEBURN LIQUOR Com Opt 16 Per 0.00
9906 SOUTH GESSNER Add Opt 0 Per 0.00
HOUSTON TX 77071-
(713)232-0934 BRAZOS BEND SHELL Com Opt 2 Per 30.00
(713)232-0949 1010 JACKSON Add Opt 0 Per 0.00
RICHMOND TX 77469-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(713)228-2745 CAFE EVITA'S Com Opt 13 Per 0.00
1246 LORRAINE Add Opt 0 Per 0.00
HOUSTON TX 77009-
(713)954-7228 CAMERON H. BEVIS TRUST#50 Com Opt 2 Per 20.00
6234 RICHMOND Add Opt 0 Per 0.00
HOUSTON TX
(713)921-7205 CATRACHITAS LOUNGE Com Opt 15 Per 0.00
211 WAYSIDE Add Opt 0 Per 0.00
HOUSTON TX 77011-
Com Opt 13 Per 0.00
Add Opt 0 Per 0.00
(713)534-6194 CORTEZ AUTO REPAIR Com Opt 2 Per 30.00
2902 MAIN Add Opt 0 Per 0.00
DICKENSON TX 77539-
(713)941-1467 COUNTRY LIQUOR Com Opt 2 Per 20.00
11017 FUQUA Add Opt 0 Per 0.00
HOUSTON TX 77089-
(713)988-1063 COURTYARDS ON HILLCROFT Com Opt 2 Per 30.00
(713)988-1421 7303 HILLCROFT Add Opt 0 Per 0.00
HOUSTON TX 77081-
(713)869-8624 CRYSTAL DETAIL SHOP Com Opt 16 Per 0.00
7503 N. MAIN STREET Add Opt 0 Per 0.00
HOUSTON TX 77022-
EXHIBIT B 3
2
51
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)991-0106 CRYSTAL SPRINGS APARTMENT Com Opt 16 Per 0.00
5900 SELINSKY Add Opt 0 Per 0.00
HOUSTON TX 77048-
(713)228-2742 CULLEN & POLK TEXACO Com Opt 16 Per 0.00
4104 POLK Add Opt 0 Per 0.00
HOUSTON TX 77023-
(713)643-0695 CULLEN TIRE MART Com Opt 16 Per 0.00
6525 BELLFORT Add Opt 0 Per 0.00
HOUSTON TX 77087-
(713)643-3573 DAIRY MAID Com Opt 15 Per 0.00
7102 BELLFORT Add Opt 0 Per 0.00
HOUSTON TX 77087-
(713)587-9504 DISCOS LATINOS Com Opt 15 Per 0.00
12325 VETERANS MEMORIAL DRIVE Add Opt 0 Per 0.00
HOUSTON TX 77014-
(713)869-8192 DISCOUNT LIQUOR #5 Com Opt 2 Per 25.00
1003 1/2 ENID Add Opt 0 Per 0.00
HOUSTON TX 77009-
(713)464-9909 DOW PHARMACY Com Opt 16 Per 0.00
8800 LONG POINT Add Opt 0 Per 0.00
HOUSTON TX 77055-
(713)480-9924 EL DORADO MINI MART Com Opt 16 Per 0.00
375 EL DORADO Add Opt 0 Per 0.00
WEBSTER TX 77598-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(713)921-5032 EL PETATE RESTAURANT Com Opt 16 Per 0.00
7433 CANAL Add Opt 0 Per 0.00
HOUSTON TX 77011-
(713)455-0070 ELITE WASHATERIA Com Opt 2 Per 25.00
818 UVALDE Add Opt 0 Per 0.00
HOUSTON TX 77015-
Com Opt 16 Per 0.00
Add Opt 0 Per 0.00
EXHIBIT B 3
3
52
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)669-7662 FRUITLANDIA Com Opt 16 Per 0.00
3818 LINK VALLEY Add Opt 0 Per 0.00
HOUSTON TX 77025-
Com Opt 2 Per 20.00
Add Opt 0 Per 0.00
(713)954-9475 GOOD EATS RESTAURANT Com Opt 15 Per 0.00
11129 WESTHEIMER Add Opt 0 Per 0.00
HOUSTON TX 77042-
(713)941-8751 GUADALAJARA MEAT MARKET Com Opt 15 Per 0.00
3808 S. SHAVER Add Opt 0 Per 0.00
HOUSTON TX 77587-
(409)986-7994 GULF HOLIDAY R.V. PARK Com Opt 15 Per 0.00
8330 HIGHWAY 6 Add Opt 0 Per 0.00
HITCHCOCK TX 77563-
(713)988-2739 HARRISONS BARBER SHOP Com Opt 15 Per 0.00
1010-H BISSONET Add Opt 0 Per 0.00
HOUSTON TX 77036-
(713)869-8308 HEIGHTS TERRACE APARTMENT Com Opt 15 Per 0.00
1449 HEIGHTS Add Opt 0 Per 0.00
HOUSTON TX 77009-
(713)228-3178 HONEY COMB DRIVE IN Com Opt 2 Per 30.00
115 A PALMER Add Opt 0 Per 0.00
HOUSTON TX 77003-
(713)988-7560 HOUSTON BAPTIST UNIVERSIT Com Opt 2 Per 20.00
(713)988-5845 7502 FONDREN ROAD Add Opt 0 Per 0.00
(713)988-3078 HOUSTON TX 77074-
(713)988-4038
(713)988-7433
(713)988-2366
(713)988-7516
(713)988-4235
(713)988-3950
(713)954-9059 INDIA GROCERS Com Opt 16 Per 0.00
5604 HILLCROFT Add Opt 0 Per 0.00
HOUSTON TX 77036-
53
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)988-6128 INDIA GROCERS Com Opt 15 Per 0.00
9683 SOUTHWEST FREEWAY Add Opt 0 Per 0.00
HOUSTON TX
(713)464-9750 J & J TIRE SHOP Com Opt 2 Per 25.00
8117 LONG POINT Add Opt 0 Per 0.00
HOUSTON TX 77055-
(713)455-9782 JACK IN THE BOX Com Opt 15 Per 0.00
1395 FEDERAL ROAD Add Opt 0 Per 0.00
HOUSTON TX 77015-
(713)921-0098 JEANIE'S LIQUOR STORE Com Opt 15 Per 0.00
4801 CANAL Add Opt 0 Per 0.00
HOUSTON TX 77011-
(713)228-0817 JESSE GALINDO PHILLIPS 66 Com Opt 16 Per 0.00
2303 NORTH MAIN Add Opt 0 Per 0.00
HOUSTON TX 77009-
(713)751-0640 JORDON'S WASHATERIA Com Opt 2 Per 25.00
2722 NAPOLEAN Add Opt 0 Per 0.00
HOUSTON TX 77004-
(713)692-9669 KEE'S FULTON GROCERY Com Opt 2 Per 25.00
9812 FULTON Add Opt 0 Per 0.00
HOUSTON TX
(713)590-6778 KETTLE RESTAURANT Com Opt 6 Per 0.00
(713)590-5895 15360 KENNEDY BLVD Add Opt 0 Per 0.00
HOUSTON TX
(713)524-6773 KING COLE LIQUOR Com Opt 2 Per 20.00
(713)524-8714 1802 RICHMAND AVENUE Add Opt 0 Per 0.00
HOUSTON TX 77098-
(713)575-7170 KING SOLOMANS SVC Com Opt 16 Per 0.00
(713)575-7148 12313 BELLAIRE Add Opt 0 Per 0.00
HOUSTON TX 77072-
(713)669-7670 L & L AUTOMOTIVE Com Opt 2 Per 25.00
(713)669-7671 10722 SOUTH MAIN STREET Add Opt 0 Per 0.00
HOUSTON TX 77025-
(713)228-2735 L & L FOOD STORE Com Opt 2 Per 25.00
1423 GREGG Add Opt 0 Per 0.00
HOUSTON TX 77020-
EXHIBIT B 3
5
54
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)688-9754 LA AZTECA Com Opt 2 Per 25.00
7635 LONG POINT Add Opt 0 Per 0.00
HOUSTON TX 77055-
(713)699-2984 LA MICHOACANA Com Opt 16 Per 0.00
(713)699-2985 7502 FULTON Add Opt 0 Per 0.00
HOUSTON TX 77022-
(713)575-7191 LA MORELIANA Com Opt 16 Per 0.00
(713)575-7193 10769 BELLFORT Add Opt 0 Per 0.00
HOUSTON TX 77099-
(713)464-9755 LA RAZA LIQUOR STORE Com Opt 2 Per 25.00
1851 BINGLE Add Opt 0 Per 0.00
HOUSTON TX 77055-
(713)455-9867 LAMP LIGHT TERRACE Com Opt 15 Per 0.00
1110 KEYPORT LANE Add Opt 0 Per 0.00
HOUSTON TX 77015-
(713)855-7961 LANGHAM CREEK HI SCHOOL Com Opt 2 Per 20.00
(713)855-7962 17610 RM 529 Add Opt 0 Per 0.00
HOUSTON TX 77095-
(713)579-9962 LIQUOR MART #4 Com Opt 16 Per 0.00
964 SOUTH FRY ROAD Add Opt 0 Per 0.00
KATY TX 77450-
Com Opt 2 Per 25.00
Add Opt 0 Per 0.00
(713)643-0294 MAHERS SERVICE STATION Com Opt 2 Per 25.00
6399 LONG DRIVE Add Opt 0 Per 0.00
HOUSTON TX 77087-
(713)524-8581 MAI HAN CAFE Com Opt 15 Per 0.00
3316 MILAM Add Opt 0 Per 0.00
HOUSTON TX 77006-
(713)228-2734 MARKET STREET GROCERY Com Opt 15 Per 0.00
3808 MARKET STREET Add Opt 0 Per 0.00
HOUSTON TX 77020-
(713)228-0816 MAS DISTRIBUTORS Com Opt 16 Per 0.00
2221 FULTON Add Opt 0 Per 0.00
HOUSTON TX 77009-
EXHIBIT B 3
6
55
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)455-9839 MATAMOROS MEAT MARKET Com Opt 15 Per 0.00
14660 WILLISVILLE Add Opt 0 Per 0.00
HOUSTON TX 77015-
(713)688-9847 MEMORIAL MARKET Com Opt 2 Per 30.00
(713)688-9844 7925 KATY FREEWAY Add Opt 0 Per 0.00
HOUSTON TX 77055-
(713)232-0959 MR SEAFOOD MARKET Com Opt 16 Per 0.00
2309 AVENUE H Add Opt 0 Per 0.00
ROSENBERG TX 77471-
(713)590-4034 NABEL SUPERMARKET Com Opt 15 Per 0.00
4303 CHARRITON Add Opt 0 Per 0.00
HOUSTON TX 77039-
(713)691-5451 OXFORD PLACE APARTMENTS Com Opt 15 Per 0.00
(713)691-5443 605 BERRY ROAD Add Opt 0 Per 0.00
HOUSTON TX 77022-
(713)524-6860 PARK PLAZA HOSPITAL Com Opt 13 Per 0.00
(713)524-6862 1313 HERMAN DRIVE Add Opt 2 Per 15.00
(713)524-6890 HOUSTON TX 77004-
(713)524-6733
(713)524-6756
(713)524-6794
(713)524-6894
(713)524-6672
(713)524-6769
(713)524-6841
(713)524-6944
(713)524-6948
(713)524-6950
(713)524-6753
(713)524-6801
(713)524-6762
(713)869-8085 PONDEROSA APARTMENTS Com Opt 15 Per 0.00
214 W. 17TH Add Opt 0 Per 0.00
HOUSTON TX 77008-
(713)741-8075 QUICK PICK FOOD STORE Com Opt 2 Per 20.00
(713)741-8074 4438 GRIGGS Add Opt 0 Per 0.00
HOUSTON TX 77021-
EXHIBIT B 3
7
56
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)928-7976 QUICK STORE Com Opt 2 Per 30.00
(713)928-8192 91 SOUTH LOCKWOOD Add Opt 0 Per 0.00
HOUSTON TX 77011-
(713)587-9481 RAMADA LIMITED Com Opt 16 Per 0.00
15725 BAMMEL VILLAGE DRIVE Add Opt 0 Per 0.00
HOUSTON TX 77014-
Com Opt 16 Per 0.00
Add Opt 0 Per 0.00
(713)524-8732 SAM'S BURGER/LAN PHAM Com Opt 2 Per 25.00
4320 ALMEDA Add Opt 0 Per 0.00
HOUSTON TX 77004-
(713)434-0879 SAM'S TEXACO Com Opt 16 Per 0.00
4515 WEST FUQUA Add Opt 0 Per 0.00
HOUSTON TX 77045-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(713)731-0601 SANDY'S CAR CARE CENTER Com Opt 2 Per 25.00
11226 CULLEN Add Opt 0 Per 0.00
HOUSTON TX 77047-
(713)534-6443 SHAW GAS MART Com Opt 16 Per 0.00
(713)534-6524 2901 HIGHWAY 3 Add Opt 0 Per 0.00
DICKENSON TX 77539-
(713)991-7901 SHOP & LO Com Opt 15 Per 0.00
10855 TELEPHONE ROAD Add Opt 0 Per 0.00
HOUSTON TX 77075-
(713)434-0830 SM FOOD MART #2 Com Opt 16 Per 0.00
(713)434-0838 15216 SOUTH POST OAK Add Opt 0 Per 0.00
HOUSTON TX 77053-
(713)671-9885 SNOW FLAKE DONUT Com Opt 15 Per 0.00
5205 LOCKWOOD Add Opt 0 Per 0.00
HOUSTON TX 77026-
(713)721-3831 SOUTH MAIN GARAGE Com Opt 2 Per 20.00
14301 SOUTH MAIN Add Opt 0 Per 0.00
HOUSTON TX 77035-
EXHIBIT B 3
8
57
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)464-9735 SOUTHERN GROCERY Com Opt 15 Per 0.00
10070 LONG POINT Add Opt 0 Per 0.00
HOUSTON TX 77055-
Com Opt 16 Per 0.00
Add Opt 0 Per 0.00
Com Opt 2 Per 20.00
Add Opt 0 Per 0.00
(409)740-3805 STOP AND SHOP Com Opt 15 Per 0.00
(409)740-2795 5201 BROADWAY Add Opt 0 Per 0.00
GALVESTON TX 77551-
(713)447-9010 SUPERMERCADO LA MEXICANA Com Opt 15 Per 0.00
11214 VETERANS MEMORIAL DRIVE Add Opt 0 Per 0.00
HOUSTON TX 77067-
(713)988-5256 T & K CHINESE RESTAURANT Com Opt 16 Per 0.00
9140 BELLAIRE Add Opt 0 Per 0.00
HOUSTON TX 77036-
(713)671-9850 T'S MINI MART Com Opt 2 Per 30.00
(713)671-9811 3604 OATES ROAD Add Opt 0 Per 0.00
HOUSTON TX 77013-
(713)869-8436 TAQUERIA OCOTLAN Com Opt 16 Per 0.00
2523 AIRLINE Add Opt 0 Per 0.00
HOUSTON TX 77009-
(713)643-0911 THAI XUAN VILLAGE Com Opt 15 Per 0.00
8200 BROADWAY BLVD. Add Opt 0 Per 0.00
HOUSTON TX 77061-
(713)524-2342 THE CALIFORNIAN Com Opt 15 Per 0.00
1508 CALIFORNIA Add Opt 0 Per 0.00
HOUSTON TX 77006-
(713)228-2744 THE THREE COMPADRES Com Opt 16 Per 0.00
1912 NORTH MAIN Add Opt 0 Per 0.00
HOUSTON TX
(713)475-0779 THRIFT CITY #3 Com Opt 15 Per 0.00
914 W. SOUTHMORE B Add Opt 0 Per 0.00
PASADENA TX 77502-
EXHIBIT B 3
9
58
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)688-9756 THU THU RESTAURANT Com Opt 2 Per 25.00
5015 A ANTOINE Add Opt 0 Per 0.00
HOUSTON TX 77092-
(713)434-8907 TOWNWOOD PHARMACY Com Opt 16 Per 0.00
4430 WEST OREM ROAD Add Opt 0 Per 0.00
HOUSTON TX 77023-
(713)671-9886 U & C FOOD STORE Com Opt 16 Per 0.00
(713)671-9887 404 FIDELITY Add Opt 0 Per 0.00
HOUSTON TX 77029-
(713)464-9851 USA LIQUORS #2 Com Opt 16 Per 0.00
10026A LONG POINT Add Opt 0 Per 0.00
HOUSTON TX 77055-
Com Opt 16 Per 0.00
Add Opt 0 Per 0.00
(713)691-5586 VETTA'S SUPER TAMALE Com Opt 15 Per 0.00
3423 LAURA KOPPE Add Opt 0 Per 0.00
HOUSTON TX 77093-
(713)434-0841 WI BOUTIQUE Com Opt 16 Per 0.00
4437 W. FUQUE Add Opt 0 Per 0.00
HOUSTON TX 77045-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(713)589-9856 WINDCHIMES CINEMA Com Opt 2 Per 20.00
13155 WESTHEIMER ROAD Add Opt 0 Per 0.00
HOUSTON TX
(713)635-4981 WONDER SUPER MARKET Com Opt 2 Per 25.00
(713)635-5956 4902 TIDDWELL Add Opt 0 Per 0.00
HOUSTON TX 77016-
EXHIBIT B 3
10
59
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
3 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(214)372-8667 ANGELO'S FOOD MARKET Com Opt 6 Per 0.00
(214)372-8620 3530 SUNNYVALE Add Opt 0 Per 0.00
DALLAS TX 75216-
(817)468-8039 ARLINGTON JET CENTER, INC Com Opt 15 Per 0.00
(817)466-8040 50701 S. COLLINS Add Opt 0 Per 0.00
ARLINGTON TX 73018-
(214)641-4821 BABY MART Com Opt 15 Per 0.00
2424 SOUTH CARRIER PKWY, 111 Add Opt 0 Per 0.00
GRAND PRAIRIE TX 75051-
(214)391-9991 BARBEC'S Com Opt 6 Per 0.00
1625 S. BUCKNER Add Opt 0 Per 0.00
DALLAS TX
Com Opt 6 Per 0.00
Add Opt 0 Per 0.00
(214)426-0464 BUD'S SALADS INC. Com Opt 15 Per 0.00
2428 HARRISON Add Opt 0 Per 0.00
DALLAS TX 75815-
(214)306-9597 CENTERPOINT APTS Com Opt 6 Per 0.00
2626 FRANKFORT Add Opt 0 Per 0.00
DALLAS TX 75287-
(214)372-8654 CLASSIC CAR WASH Com Opt 2 Per 25.00
4870 SUNNYVALE Add Opt 0 Per 0.00
DALLAS TX 75216-
(214)340-4702 CLASSIC CAR WASH Com Opt 2 Per 25.00
8206 FOREST LAND Add Opt 0 Per 0.00
DALLAS TX
(214)381-8816 CLASSIC CAR WASH Com Opt 2 Per 25.00
6204 SAMUELS Add Opt 0 Per 0.00
DALLAS TX
(817)926-8962 D SUPER WASH Com Opt 4 Per 50.00
(817)926-5171 2801 HEMPHILL Add Opt 0 Per 0.00
FORT WORTH TX 76110-
EXHIBIT B 3
11
60
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
3 DALLAS
PayPhone Number(s) Location Information
(817)625-5231 D SUPER WASH #2 Com Opt 4 Per 50.00
3710 DECATUR STREET Add Opt 0 Per 0.00
FORT WORTH TX 76106-
(817)861-3254 DAYS INN Com Opt 2 Per 20.00
910 NORTH COLLINS Add Opt 0 Per 0.00
ARLINGTON TX 76011-
(817)595-4954 DSR AUTOMOTIVE INC. Com Opt 15 Per 0.00
(817)595-4949 7537 JACK NEWELL BLVD. N. Add Opt 0 Per 0.00
(817)595-4691 FORT WORTH TX 76118-
Com Opt 2 Per 20.00
Add Opt 0 Per 0.00
(214)841-9842 EL TAQUITO Com Opt 6 Per 0.00
5427 EAST GRANT Add Opt 0 Per 0.00
DALLAS TX
(214)864-1690 FLEMING FOOD Com Opt 2 Per 20.00
(214)864-1885 DISTRIBUTION CENTER Add Opt 0 Per 0.00
(214)864-1995 GARLAND TX 75041-
(214)278-7384
(214)864-8475
(214)301-9941 GOLDEN CHICK Com Opt 14 Per 0.00
445 W. ARAPAHO ROAD Add Opt 0 Per 0.00
RICHARDSON TX 75083-
(214)276-2481 GOOD SHEPHERD SCHOOL Com Opt 15 Per 0.00
214 SOUTH GARLAND AVENUE Add Opt 0 Per 0.00
GARLAND TX 75040-
Com Opt 6 Per 0.00
Add Opt 0 Per 0.00
(214)426-0499 HOTEL NEWLAND Com Opt 15 Per 0.00
1108 S. AKARD Add Opt 0 Per 0.00
DALLAS TX 75215-
(214)944-5549 ILLINOIS CAR WASH Com Opt 6 Per 0.00
213 W. ILLINOIS Add Opt 0 Per 0.00
DALLAS TX 75224-
EXHIBIT B 3
12
61
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
3 DALLAS
PayPhone Number(s) Location Information
(214)353-8575 JEFF'S GEM CAR WASH Com Opt 14 Per 0.00
3143 INWOOD Add Opt 0 Per 0.00
DALLAS TX 75235-
(214)613-7308 JET WASH DEPOT Com Opt 15 Per 0.00
2530 BIG TOWN BLVD. Add Opt 0 Per 0.00
MESQUITE TX 75150-
(214)381-8831 M & J FOODS Com Opt 6 Per 0.00
(214)381-8842 4441 LAWNVIEW Add Opt 0 Per 0.00
DALLAS TX 75227-
(214)272-8563 MEMORIAL HOSP GARLAND Com Opt 2 Per 25.00
(214)276-0584 2300 MARIE CURIE Add Opt 0 Per 0.00
(214)276-5981 GARLAND TX
(214)276-7090
(214)276-7383
(214)276-8571
(214)276-8787
(214)276-8652
Com Opt 6 Per 0.00
Add Opt 0 Per 0.00
(214)709-3112 PARK VILLAGE Com Opt 6 Per 0.00
7575 WESTMORELAND Add Opt 0 Per 0.00
DALLAS TX 75237-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(817)460-0184 PYRAMID MANAGEMENT CO Com Opt 15 Per 0.00
LAMAR EAST OFFICE TOWER Add Opt 0 Per 0.00
ARLINGTON TX 76011-
(214)840-6205 ROB REEVES SERVICE CENTER Com Opt 15 Per 0.00
2410 WEST MILLER ROAD Add Opt 0 Per 0.00
GARLAND TX 75042-
(817)649-9577 SUBWAY - ARLINGTON Com Opt 2 Per 20.00
921 SIX FLAG DRIVE Add Opt 0 Per 0.00
ARLINGTON TX
EXHIBIT B 3
13
62
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
3 DALLAS
PayPhone Number(s) Location Information
(214)902-7903 SUBWAY - DALLAS Com Opt 2 Per 20.00
4347 W. NW HWY, #150 Add Opt 0 Per 0.00
DALLAS TX
(817)668-5912 SUBWAY - GAINSVILLE Com Opt 2 Per 20.00
902 EAST HWY Add Opt 0 Per 0.00
GAINSVILLE, TX
(214)594-0109 SUITES INN Com Opt 2 Per 10.00
1701 W. AIRPORT BLVD. Add Opt 0 Per 0.00
IRVING TX
(214)939-1200 THE ADOLPHUS HOTEL Com Opt 13 Per 0.00
(214)939-1210 1321 COMMERCE STREET Add Opt 0 Per 0.00
(214)939-1212 DALLAS TX 75052-
(214)939-1211
(214)939-1209
(214)939-1208
(214)939-1214
(214)939-1218
(214)939-1217
(214)939-1215
(214)939-1219
(214)939-1216
(214)939-1213
(214)939-1232
(214)939-1229
(214)939-1230
(214)939-1239
(214)939-1231
(214)939-1233
(214)939-1228
(214)939-1227
(214)939-1223
(214)939-1221
(214)939-1220
(214)939-1222
(214)939-1205
(214)939-1204
(214)939-1207
(214)939-1206
(214)939-1240
(214)939-1203
(214)939-1201
(214)939-1202
(214)939-1224
(214)939-1225
(214)939-1226
EXHIBIT B 3
14
63
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
3 DALLAS
Payphone Number(s) Location Information
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(214)306-1077 TOSCANA APTS Com Opt 6 Per 0.00
17910 KELLY BLVD. Add Opt 0 Per 0.00
DALLAS TX 75287-
(214)579-9457 UNIVERSITY OF DALLAS Com Opt 1 Per 20.00
(214)579-3010 1845 EAST NORTHGATE DRIVE Add Opt 0 Per 0.00
(214)579-9960 IRVING TX 75062-4799
(214)579-9861
(214)579-4915
(214)579-9778
(214)986-7141 VETERAN'S BINGO HALL Com Opt 2 Per 20.00
3200 SHADY GROVE Add Opt 0 Per 0.00
IRVING, TX
(214)320-5514 WATERHOLE CLUB Com Opt 15 Per 0.00
(214)320-5526 3727 DILIDO #146 Add Opt 0 Per 0.00
DALLAS TX 75228-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(214)559-9176 ZUZU'S Com Opt 15 Per 0.00
3848 OAKLAWN Add Opt 0 Per 0.00
DALLAS TX 75219-
EXHIBIT B 3
15
64
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
10 SAN ANTONIO
PayPhone Number(s) Location Information
(210)520-1260 ALAMO BLIMPIE #2 Com Opt 15 Per 0.00
6766 INGRAM SQ SHOPPING CENTER Add Opt 0 Per 0.00
SAN ANTONIO TX 78238-
(210)923-8479 AMBER APARTMENTS Com Opt 15 Per 0.00
131 WEST AMBER Add Opt 0 Per 0.00
SAN ANTONIO TX 78221-
(210)734-0309 ARBY'S Com Opt 2 Per 25.00
3696 FREDERICKSBURG ROAD Add Opt 0 Per 0.00
SAN ANTONIO TX 78201-
(210)533-9384 BURKE PROPERTIES/DOLLAR Com Opt 15 Per 0.00
4014 CLARK AVENUE Add Opt 0 Per 0.00
SAN ANTONIO TX 78223-
(210)804-1317 CLOTH WORLD #62 Com Opt 15 Per 0.00
1526 AUSTIN HIGHWAY Add Opt 0 Per 0.00
SAN ANTONIO TX 78218-
(210)675-1296 CLOTH WORLD #90 Com Opt 15 Per 0.00
8125 MEADOWLEAF Add Opt 0 Per 0.00
SAN ANTONIO TX 78227-
(210)635-8831 COUNTRYSIDE ICE STATION Com Opt 15 Per 0.00
14028 HWY 181 SOUTH Add Opt 0 Per 0.00
SAN ANTONIO TX 78222-
(210)534-6431 DAIRY QUEEN Com Opt 15 Per 0.00
2282 S.E. MILITARY DRIVE Add Opt 0 Per 0.00
SAN ANTONIO TX 78223-
(210)434-1536 DUNKIN DONUTS Com Opt 15 Per 0.00
1571 BANDERA ROAD Add Opt 0 Per 0.00
SAN ANTONIO TX 78228-
(210)675-5666 DUNKIN DONUTS Com Opt 15 Per 0.00
7000 WEST MILITARY DRIVE Add Opt 0 Per 0.00
SAN ANTONIO TX 78228-
(210)308-0236 DUNKIN DONUTS Com Opt 15 Per 0.00
5129 WEST AVENUE Add Opt 0 Per 0.00
SAN ANTONIO TX 78228-
(210)773-4464 EL MERCADO Com Opt 15 Per 0.00
(210)773-4600 2323 NORTH MAIN Add Opt 0 Per 0.00
(210)773-5019 EAGLE PASS TX 78852-
EXHIBIT B 3
16
65
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
10 SAN ANTONIO
PayPhone Number(s) Location Information
(210)434-0953 HIGHWAY 90 QUIK STOP Com Opt 2 Per 27.00
(210)434-5724 1007 OLD HIGHWAY 90 WEST Add Opt 0 Per 0.00
(210)434-5745 SAN ANTONIO TX 78237-
(210)434-3360
(210)534-7615 JOSEPH'S CAR WASH Com Opt 15 Per 0.00
1248 S. ST. MARY'S Add Opt 0 Per 0.00
SAN ANTONIO TX 78210-
(210)308-0243 KENTUCKY FRIED CHICKEN Com Opt 15 Per 0.00
4310 VANCE JACKSON Add Opt 0 Per 0.00
SAN ANTONIO TX 78230-
(210)599-7745 LITTLE CEASARS #1 Com Opt 15 Per 0.00
13954 NACAGODOCHES Add Opt 0 Per 0.00
SAN ANTONIO TX 78217-
(210)666-0209 LULAC EAST PARK PLACE Com Opt 15 Per 0.00
4619 DIETRICH ROAD Add Opt 0 Per 0.00
SAN ANTONIO TX 78219-
(210)922-9094 M-CO DISCOUNT AUTO SUPPLY Com Opt 2 Per 25.00
2423 PALO ALTO Add Opt 0 Per 0.00
SAN ANTONIO TX 78211-
(210)534-3529 PATTY'S TACO HOUSE Com Opt 15 Per 0.00
2422 SOUTH HACKBERRY Add Opt 0 Per 0.00
SAN ANTONIO TX 78210-
(210)734-6523 POP IN GO VIDEO Com Opt 15 Per 0.00
3655 FREDERICKSBURG ROAD Add Opt 0 Per 0.00
SAN ANTONIO TX 78201-
(210)675-2614 POP IN GO VIDEO Com Opt 15 Per 0.00
7121 HWY 90 WEST Add Opt 0 Per 0.00
SAN ANTONIO TX 78245-
(210)509-0003 R. TREVINO CONST/CAR WASH Com Opt 15 Per 0.00
4319 CALLAGHAN Add Opt 0 Per 0.00
SAN ANTONIO TX 78228-
(210)534-7520 SANTOS MEAT MARKET Com Opt 15 Per 0.00
2820 NOGALITOS Add Opt 0 Per 0.00
SAN ANTONIO TX 78225-
EXHIBIT B 3
17
66
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
10 SAN ANTONIO
PayPhone Number(s) Location Information
(210)927-3182 SOLARIZE Com Opt 15 Per 0.00
826 S.W. MILITARY DRIVE Add Opt 0 Per 0.00
SAN ANTONIO TX 78221-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(210)436-6921 STAR IGA #27 Com Opt 15 Per 0.00
(210)436-6855 6137 GENERAL MCMULLEN Add Opt 0 Per 0.00
(210)436-6724 SAN ANTONIO TX 78220-
(210)927-6542 STAR IGA #28 Com Opt 15 Per 0.00
(210)927-6547 2651 S.W. MILITARY Add Opt 0 Per 0.00
(210)927-6524 SAN ANTONIO TX 78224-
(210)804-0469 SUPERIOR CAR WASH Com Opt 15 Per 0.00
1024 AUSTIN HIGHWAY Add Opt 0 Per 0.00
SAN ANTONIO TX 78209-
(210)927-6193 TAQUERIA GUADALAUJARA Com Opt 13 Per 0.00
7150 NEW LAREDO HIGHWAY Add Opt 0 Per 0.00
SAN ANTONIO TX 78211-
(210)733-8007 THE HAPPY HUT Com Opt 15 Per 0.00
1902 WEST AVENUE Add Opt 0 Per 0.00
SAN ANTONIO TX 78210-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(512)306-1168 ZUZU'S RESTAURANT Com Opt 15 Per 0.00
3633 BEE CAVE ROAD Add Opt 0 Per 0.00
AUSTIN TX 78746-
(210)341-9348 ZUZU'S RESTURANT Com Opt 15 Per 0.00
2267 N.W. MILITARY HWY Add Opt 0 Per 0.00
SAN ANTONIO TX 78213-
EXHIBIT B 3
18
67
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
8000 MEDICAL CITY
PayPhone Number(s) Location Information
(214)934-4961 10 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)490-7944 11 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)490-0979 12A ELEVATOR Com Opt 6 Per 0.00
(214)490-7901 HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4953 2 A BACK ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4948 2 A FATHERS WAITING Com Opt 6 Per 0.00
(214)934-4949 HUMANA HOSPITAL Add Opt 0 Per 0.00
DaLLAS TX
(214)490-7906 3AICU/CCU WAITING Com Opt 6 Per 0.00
(214)934-4940 HUMANA HOSPITAL Add Opt 0 Per 0.00
(214)934-4989 DALLAS TX
(214)934-4990
(214)490-7945 3RD FLOOR NORTH WAITING Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4955 4 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4958 5 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4944 5 NORTH WAITING Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4956 6 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
EXHIBIT B 3
19
68
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
8000 MEDICAL CITY
PayPhone Number(s) Location Information
(214)934-4957 7 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4959 8 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4960 9 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)490-7934 EMERGENCY ROOM Com Opt 6 Per 0.00
(214)490-7935 HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)490-7946 LOBBY Com Opt 6 Per 0.00
(214)934-4941 HUMANA HOSPITAL Add Opt 0 Per 0.00
(214)934-4942 DALLAS TX
(214)934-4943
EXHIBIT B 3
20
69
EXHIBIT C
BILL OF SALE
This Bill of Sale is given to acknowledge and memorialize that AMTEL
COMMUNICATIONS, INC., a California corporation, AMTEL COMMUNICATIONS SERVICES,
INC., a California corporation, AMTEL COMMUNICATION CORRECTIONAL FACILITIES,
INC., a California corporation, AMTEL COMMUNICATIONS PAYPHONES, INC., a
California corporation, and ACI-HDT SUPPLY COMPANY, a California corporation
(hereinafter collectively referred to as "Seller"), whose principal place of
business is 5452 Oberlin Drive, Suite B, San Diego, California 92121), does
hereby sell, assign, transfer and deliver to PHONETEL TECHNOLOGIES, INC., an
Ohio corporation, whose principal place of business is located at 650 Statler
Office Tower, 1127 Euclid Avenue, Cleveland, Ohio 44115-1601 ("Buyer"), for the
sum of $7,000,000, together with ______ shares of the Buyer's Common Stock,
plus California State Sales Tax in the amount of $___________, receipt of which
is hereby acknowledged, the following categories of tangible and intangible
property of Seller:
1.0 HARD ASSETS. All of Seller's pay telephones, pay telephone equipment and
related components, pedestals, enclosures, accessories, and other inventory,
goods, fixtures, furniture, vehicles, office equipment, trade fixtures, and/or
equipment which are not specifically identified or described as Reserved Assets
on "Exhibit 1" attached hereto.
2.0 LOCATION AGREEMENTS. All of Seller's right, title, interest, and claim
arising under the site location Agreements identified on "Exhibit 2" attached
hereto and incorporated herein by this reference.
3.0 OTHER GENERAL INTANGIBLES. All trademarks, trade names, copyrights, trade
secrets, good will, patents, computer tapes, customer lists, documents
containing names, addresses, telephone numbers and other information regarding
Seller's customers, subscribers, tapes, programs, print outs, disks, and other
material and documents relating to the recording or analyzing of any of the
foregoing; together with all rights title and interest to network contracts,
customer contracts for the furnishing by Seller of Telecommunication Services,
and billing and collection contracts; and all records, documents relating to any
and all of the foregoing, including, without limitation, all records in the form
of writing, microfilm, microfiche, tape or electronic media.
4.0 CHOSES IN ACTION. All choses in action, or rights to recover money or
property from any person or entity, arising out
EXHIBIT C
70
of, or related to actual or claimed violations of the automatic stay (11 U.S.C.
sec. 362(a)), together with any and all causes of action or claims which could
otherwise have been asserted by Seller based upon any breach of contract,
wrongful interference with the Business, or any other act or omission committed,
or omitted (other than a failure to pay an account receivable or money otherwise
payable to Seller), in connection with the Business which acts were committed,
or omitted at any time prior to the date of this Bill of Sale.
5.0 DEPOSITS. Any and all deposits of cash made by Seller with any person or
entity, other than deposits made to landlords with respect to Seller's
obligations under leases which are not assumed by Buyer pursuant to the terms of
this Agreement.
The tangible and intangible property hereindescribed are sold and
transferred to Buyer on a "where-is, as-is" basis and Seller makes no
warranties whatsoever to Buyer in connection with this sale, other than the
warranty of authority set forth in the following paragraph.
Seller warrants and represents that (1) the sale memorialized by this
Bill of Sale has been authorized by that certain "[title of the Enabling Order)"
entered by the United States Bankruptcy Court for the Southern District of
California in its consolidated case number 95-08253-A11; and (2) that the
aforesaid order has not been reversed, modified, or amended without the Buyers
consent and is not the subject of any stay.
Dated:__________________ AMTEL COMMUNICATIONS, INC.
A California Corporation
By:_____________________________
Alan C. Kaniss, General Manager
EXHIBIT C
71
EXHIBIT 1
TO BILL OF SALE
DATED _______, 1996
RESERVED ASSETS
The "Reserved Assets" consist of all of the following categories of
tangible and intangible property of Seller:
1.0 HARD ASSETS. All of the pay telephones, pay telephone equipment and related
components, pedestals, enclosures, accessories and related inventory which is
part of:
1.1 The "Elcotel Sequestered Collateral" described on "Exhibit 1.1"
attached hereto;
1.2 The Protel "Surplus Inventory" described on "Exhibit 1.2" attached
hereto; or,
1.3 The "Released Payphones" described in "Exhibit 1.3" attached hereto
which will be returned to Texas Coin Phone, a Texas general
partnership.
2.0 LOCATION AGREEMENTS. All of Seller's right, title, interest and claim
arising out of any of the site location agreements applicable to any of the
Released Payphones described in "Exhibit 1.3" attached hereto and incorporated
herein by this reference.
3.0 OTHER GENERAL INTANGIBLES.
3.1 Any and all telephone accounts, and accounts receivable arising from
telecommunications services rendered to an end user prior to the
Closing Date (the "End User Accounts") to a regional Bell operating
company, a Bell operating company, local exchange company, credit card
company or provider of local telephone services (each a "LEC") for
billing, collection and rights in and to any of the telephone
receivables, debts, and other accounts payable to Seller by any LEC
and all cash and noncash proceeds from the foregoing, which first
arose prior to the Effective Date of the Agreement, and remain
uncollected as of the date of this Bill of Sale;
3.2 All of Seller's cash and cash equivalents;
3.3 All rights with respect to insurance policies owned by Seller; and
3.4 All tax or other refund claims held by Seller against
EXHIBIT 1
72
any governmental agency, subdivision or unit.
4.0 CHOSES IN ACTION. Any and all causes of action or entitlement to recover
money or property against any person or entity which may be asserted by Seller
pursuant to any of the provisions of Chapter 5 of the United States Bankruptcy
Code ("Title 11 U.S.C."). This includes, without limitation, the adversary
proceedings now pending in the Bankruptcy Court against the following
Defendants: Scott Mitchell, an individual, dba Payphones USA, Inc. (Adv. Case
No. 95-90805); Mountain States Payphones (Adv. Case No. 95-90805); Orange County
Wings, et al. (Adv. Case No. 95-90805); Randy Kuhlmann (Adv. Case No. 96-
90245); David Darling (Adv. Case No. 96-90275); Four-Star Cinema, Inc., a
California Corporation dba Family Four Cinemas (Adv. Case No. 96-90318); Austin
Entertainment Group, Inc., a Texas Corporation dba The Roxy (Adv. Case No.
96-90349); Pacific Bell, (Public Utilities Commission Case No. 95-08-062); AT&T
Communications, Inc., a Delaware Corporation; AT&T Corp., a New York
Corporation; AT&T Communications Interexchange Companies, an association or
business entity, form unknown (Adv. Case No. 96-90318)
5.0 DEPOSITS. All deposits given to landlords for leases which have not been
assumed by the Buyer pursuant to the terms of this Agreement.
EXHIBIT 1
73
EXHIBIT D
ASSUMBD OBLIGATIONS
Obligations arising from Amtel's right, title, interest, and claim
arising under all of Amtel's pay telephone the site location Agreements other
than the site location agreements for the pay telephone identified on Exhibit
B-3 of this Agreement attached hereto and incorporated herein by this reference,
to the extent that the obligations arise or accrue on or after the Closing Date.
EXHIBIT D
74
EXHIBIT E
The securities represented by this certificate have not been registered
under the Securities Act of 1933, as amended, or any state securities laws. Said
securities may not be sold or transferred in the absence of such registration or
an opinion of counsel, reasonably satisfactory to the issuer, that such sale or
transfer is exempt from the registration provisions of said act or laws.
75
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)524-8044 BLODGETT FISH MARKET Com Opt 15 Per 0.00
2603 BLODGETT Add Opt 0 Per 0.00
HOUSTON TX 77004-
(713)774-2083 BRAEBURN LIQUOR Com Opt 16 Per 0.00
9906 SOUTH GESSNER Add Opt 0 Per 0.00
HOUSTON TX 77071-
(713)232-0934 BRAZOS BEND SHELL Com Opt 2 Per 30.00
(713)232-0949 1010 JACKSON Add Opt 0 Per 0.00
RICHMOND TX 77469-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(713)228-2745 CAFE EVITA'S Com Opt 13 Per 0.00
1246 LORRAINE Add Opt 0 Per 0.00
HOUSTON TX 77009-
(713)954-7228 CAMERON H. BEVIS TRUST#50 Com Opt 2 Per 20.00
6234 RICHMOND Add Opt 0 Per 0.00
HOUSTON TX
(713)921-7205 CATRACHITAS LOUNGE Com Opt 15 Per 0.00
211 WAYSIDE Add Opt 0 Per 0.00
HOUSTON TX 77011-
Com Opt 13 Per 0.00
Add Opt 0 Per 0.00
(713)534-6194 CORTEZ AUTO REPAIR Com Opt 2 Per 30.00
2902 MAIN Add Opt 0 Per 0.00
DICKENSON TX 77539-
(713)941-1467 COUNTRY LIQUOR Com Opt 2 Per 20.00
11017 FUQUA Add Opt 0 Per 0.00
HOUSTON TX 77089-
(713)988-1063 COURTYARDS ON HILLCROFT Com Opt 2 Per 30.00
(713)988-1421 7303 HILLCROFT Add Opt 0 Per 0.00
HOUSTON TX 77081-
(713)869-8624 CRYSTAL DETAIL SHOP Com Opt 16 Per 0.00
7503 N. MAIN STREET Add Opt 0 Per 0.00
HOUSTON TX 77022-
EXHIBIT B 3
2
76
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)991-0106 CRYSTAL SPRINGS APARTMENT Com Opt 16 Per 0.00
5900 SELINSKY Add Opt 0 Per 0.00
HOUSTON TX 77048-
(713)228-2742 CULLEN & POLK TEXACO Com Opt 16 Per 0.00
4104 POLK Add Opt 0 Per 0.00
HOUSTON TX 77023-
(713)643-0695 CULLEN TIRE MART Com Opt 16 Per 0.00
6525 BELLFORT Add Opt 0 Per 0.00
HOUSTON TX 77087-
(713)643-3573 DAIRY MAID Com Opt 15 Per 0.00
7102 BELLFORT Add Opt 0 Per 0.00
HOUSTON TX 77087-
(713)587-9504 DISCOS LATINOS Com Opt 15 Per 0.00
12325 VETERANS MEMORIAL DRIVE Add Opt 0 Per 0.00
HOUSTON TX 77014-
(713)869-8192 DISCOUNT LIQUOR #5 Com Opt 2 Per 25.00
1003 1/2 ENID Add Opt 0 Per 0.00
HOUSTON TX 77009-
(713)464-9909 DOW PHARMACY Com Opt 16 Per 0.00
8800 LONG POINT Add Opt 0 Per 0.00
HOUSTON TX 77055-
(713)480-9924 EL DORADO MINI MART Com Opt 16 Per 0.00
375 EL DORADO Add Opt 0 Per 0.00
WEBSTER TX 77598-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(713)921-5032 EL PETATE RESTAURANT Com Opt 16 Per 0.00
7433 CANAL Add Opt 0 Per 0.00
HOUSTON TX 77011-
(713)455-0070 ELITE WASHATERIA Com Opt 2 Per 25.00
818 UVALDE Add Opt 0 Per 0.00
HOUSTON TX 77015-
Com Opt 16 Per 0.00
Add Opt 0 Per 0.00
EXHIBIT B 3
3
77
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)669-7662 FRUITLANDIA Com Opt 16 Per 0.00
3818 LINK VALLEY Add Opt 0 Per 0.00
HOUSTON TX 77025-
Com Opt 2 Per 20.00
Add Opt 0 Per 0.00
(713)954-9475 GOOD EATS RESTAURANT Com Opt 15 Per 0.00
11129 WESTHEIMER Add Opt 0 Per 0.00
HOUSTON TX 77042-
(713)941-8751 GUADALAJARA MEAT MARKET Com Opt 15 Per 0.00
3808 S. SHAVER Add Opt 0 Per 0.00
HOUSTON TX 77587-
(409)986-7994 GULF HOLIDAY R.V. PARK Com Opt 15 Per 0.00
8330 HIGHWAY 6 Add Opt 0 Per 0.00
HITCHCOCK TX 77563-
(713)988-2739 HARRISONS BARBER SHOP Com Opt 15 Per 0.00
1010-H BISSONET Add Opt 0 Per 0.00
HOUSTON TX 77036-
(713)869-8308 HEIGHTS TERRACE APARTMENT Com Opt 15 Per 0.00
1449 HEIGHTS Add Opt 0 Per 0.00
HOUSTON TX 77009-
(713)228-3178 HONEY COMB DRIVE IN Com Opt 2 Per 30.00
115 A PALMER Add Opt 0 Per 0.00
HOUSTON TX 77003-
(713)988-7560 HOUSTON BAPTIST UNIVERSITY Com Opt 2 Per 20.00
(713)988-5845 7502 FONDREN ROAD Add Opt 0 Per 0.00
(713)988-3078 HOUSTON TX 77074-
(713)988-4038
(713)988-7433
(713)988-2366
(713)988-7516
(713)988-4235
(713)988-3950
(713)954-9059 INDIA GROCERS Com Opt 16 Per 0.00
5604 HILLCROFT Add Opt 0 Per 0.00
HOUSTON TX 77036-
EXHIBIT B 3
4
78
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)988-6128 INDIA GROCERS Com Opt 15 Per 0.00
9683 SOUTHWEST FREEWAY Add Opt 0 Per 0.00
HOUSTON TX
(713)464-9750 J & J TIRE SHOP Com Opt 2 Per 25.00
8117 LONG POINT Add Opt 0 Per 0.00
HOUSTON TX 77055-
(713)455-9782 JACK IN THE BOX Com Opt 15 Per 0.00
1395 FEDERAL ROAD Add Opt 0 Per 0.00
HOUSTON TX 77015-
(713)921-0098 JEANIE'S LIQUOR STORE Com Opt 15 Per 0.00
4801 CANAL Add Opt 0 Per 0.00
HOUSTON TX 77011-
(713)228-0817 JESSE GALINDO PHILLIPS 66 Com Opt 16 Per 0.00
2303 NORTH MAIN Add Opt 0 Per 0.00
HOUSTON TX 77009-
(713)751-0640 JORDON'S WASHATERIA Com Opt 2 Per 25.00
2722 NAPOLEAN Add Opt 0 Per 0.00
HOUSTON TX 77004-
(713)692-9669 KEE'S FULTON GROCERY Com Opt 2 Per 25.00
9812 FULTON Add Opt 0 Per 0.00
HOUSTON TX
(713)590-6778 KETTLE RESTAURANT Com Opt 6 Per 0.00
(713)590-5895 15360 KENNEDY BLVD Add Opt 0 Per 0.00
HOUSTON TX
(713)524-6773 KING COLE LIQUOR Com Opt 2 Per 20.00
(713)524-8714 1802 RICHMAND AVENUE Add Opt 0 Per 0.00
HOUSTON TX 77098-
(713)575-7170 KING SOLOMANS SVC Com Opt 16 Per 0.00
(713)575-7148 12313 BELLAIRE Add Opt 0 Per 0.00
HOUSTON TX 77072-
(713)669-7670 L & L AUTOMOTIVE Com Opt 2 Per 25.00
(713)669-7671 10722 SOUTH MAIN STREET Add Opt 0 Per 0.00
HOUSTON TX 77025-
(713)228-2735 L & L FOOD STORE Com Opt 2 Per 25.00
1423 GREGG Add Opt 0 Per 0.00
HOUSTON TX 77020-
EXHIBIT B 3
5
79
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)688-9754 LA AZTECA Com Opt 2 Per 25.00
7635 LONG POINT Add Opt 0 Per 0.00
HOUSTON TX 77055-
(713)699-2984 LA MICHOACANA Com Opt 16 Per 0.00
(713)699-2985 7502 FULTON Add Opt 0 Per 0.00
HOUSTON TX 77022-
(713)575-7191 LA MORELIANA Com Opt 16 Per 0.00
(713)575-7193 10769 BELLFORT Add Opt 0 Per 0.00
HOUSTON TX 77099-
(713)464-9755 LA RAZA LIQUOR STORE Com Opt 2 Per 25.00
1851 BINGLE Add Opt 0 Per 0.00
HOUSTON TX 77055-
(713)455-9867 LAMP LIGHT TERRACE Com Opt 15 Per 0.00
1110 KEYPORT LANE Add Opt 0 Per 0.00
HOUSTON TX 77015-
(713)855-7961 LANGHAM CREEK HI SCHOOL Com Opt 2 Per 20.00
(713)855-7962 17610 RM 529 Add Opt 0 Per 0.00
HOUSTON TX 77095-
(713)579-9962 LIQUOR MART #4 Com Opt 16 Per 0.00
964 SOUTH FRY ROAD Add Opt 0 Per 0.00
KATY TX 77450-
Com Opt 2 Per 25.00
Add Opt 0 Per 0.00
(713)643-0294 MAHERS SERVICE STATION Com Opt 2 Per 25.00
6399 LONG DRIVE Add Opt 0 Per 0.00
HOUSTON TX 77087-
(713)524-8581 MAI HAN CAFE Com Opt 15 Per 0.00
3316 MILAM Add Opt 0 Per 0.00
HOUSTON TX 77006-
(713)228-2734 MARKET STREET GROCERY Com Opt 15 Per 0.00
3806 MARKET STREET Add Opt 0 Per 0.00
HOUSTON TX 77020-
(713)228-0816 MAS DISTRIBUTORS Com Opt 16 Per 0.00
2221 FULTON Add Opt 0 Per 0.00
HOUSTON TX 77009-
EXHIBIT B 3
6
80
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)455-9839 MATAMOROS MEAT MARKET Com Opt 15 Per 0.00
14660 WILLISVILLE Add Opt 0 Per 0.00
HOUSTON TX 77015-
(713)688-9847 MEMORIAL MARKET Com Opt 2 Per 30.00
(713)688-9844 7925 KATY FREEWAY Add Opt 0 Per 0.00
HOUSTON TX 77055-
(713)232-0959 MR SEAFOOD MARKET Com Opt 16 Per 0.00
2309 AVENUE H Add Opt 0 Per 0.00
ROSENBERG TX 77471-
(713)590-4034 NABEL SUPERMARKET Com Opt 15 Per 0.00
4303 CHARRITON Add Opt 0 Per 0.00
HOUSTON TX 77039-
(713)691-5451 OXFORD PLACE APARTMENTS Com Opt 15 Per 0.00
(713)691-5443 605 BERRY ROAD Add Opt 0 Per 0.00
HOUSTON TX 77022-
(713)524-6860 PARK PLAZA HOSPITAL Com Opt 13 Per 0.00
(713)524-6862 1313 HERMAN DRIVE Add Opt 2 Per 15.00
(713)524-6890 HOUSTON TX 77004-
(713)524-6733
(713)524-6756
(713)524-6794
(713)524-6894
(713)524-6672
(713)524-6769
(713)524-6841
(713)524-6944
(713)524-6948
(713)524-6950
(713)524-6753
(713)524-6801
(713)524-6762
(713)869-8085 PONDEROSA APARTMENTS Com Opt 15 Per 0.00
214 W. 17TH Add Opt 0 Per 0.00
HOUSTON TX 77008-
(713)741-8075 QUICK PICK FOOD STORE Com Opt 2 Per 20.00
(713)741-8074 4438 GRIGGS Add Opt 0 Per 0.00
HOUSTON TX 77021-
EXHIBIT B 3
7
81
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)928-7976 QUICK STORE Com Opt 2 Per 30.00
(713)928-8192 91 SOUTH LOCKWOOD Add Opt 0 Per 0.00
HOUSTON TX 77011-
(713)587-9481 RAMADA LIMITED Com Opt 16 Per 0.00
15725 BAMMEL VILLAGE DRIVE Add Opt 0 Per 0.00
HOUSTON TX 77014-
Com Opt 16 Per 0.00
Add Opt 0 Per 0.00
(713)524-8732 SAM'S BURGER/LAN PHAM Com Opt 2 Per 25.00
4320 ALMEDA Add Opt 0 Per 0.00
HOUSTON TX 77004-
(713)434-0879 SAM'S TEXACO Com Opt 16 Per 0.00
4515 WEST FUQUA Add Opt 0 Per 0.00
HOUSTON TX 77045-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(713)731-0601 SANDY'S CAR CARE CENTER Com Opt 2 Per 25.00
11226 CULLEN Add Opt 0 Per 0.00
HOUSTON TX 77047-
(713)534-6443 SHAW GAS MART Com Opt 16 Per 0.00
(713)534-6524 2901 HIGHWAY 3 Add Opt 0 Per 0.00
DICKENSON TX 77539-
(713)991-7901 SHOP & LO Com Opt 15 Per 0.00
10855 TELEPHONE ROAD Add Opt 0 Per 0.00
HOUSTON TX 77075-
(713)434-0830 SM FOOD MART #2 Com Opt 16 Per 0.00
(713)434-0838 15216 SOUTH POST OAK Add Opt 0 Per 0.00
HOUSTON TX 77053-
(713)671-9885 SNOW FLAKE DONUT Com Opt 15 Per 0.00
5205 LOCKWOOD Add Opt 0 Per 0.00
HOUSTON TX 77026-
(713)721-3831 SOUTH MAIN GARAGE Com Opt 2 Per 20.00
14301 SOUTH MAIN Add Opt 0 Per 0.00
HOUSTON TX 77035-
EXHIBIT B 3
8
82
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)464-9735 SOUTHERN GROCERY Com Opt 15 Per 0.00
10070 LONG POINT Add Opt 0 Per 0.00
HOUSTON TX 77055-
Com Opt 16 Per 0.00
Add Opt 0 Per 0.00
Com Opt 2 Per 20.00
Add Opt 0 Per 0.00
(409)740-3805 STOP AND SHOP Com Opt 15 Per 0.00
(409)740-2795 5201 BROADWAY Add Opt 0 Per 0.00
GALVESTON TX 77551-
(713)447-9010 SUPERMERCADO LA MEXICANA Com Opt 15 Per 0.00
11214 VETERANS MEMORIAL DRIVE Add Opt 0 Per 0.00
HOUSTON TX 77067-
(713)988-5256 T & K CHINESE RESTAURANT Com Opt 16 Per 0.00
9140 BELLAIRE Add Opt 0 Per 0.00
HOUSTON TX 77036-
(713)671-9850 T'S MINI MART Com Opt 2 Per 30.00
(713)671-9811 3604 OATES ROAD Add Opt 0 Per 0.00
HOUSTON TX 77013-
(713)869-8436 TAQUERIA OCOTLAN Com Opt 16 Per 0.00
2523 AIRLINE Add Opt 0 Per 0.00
HOUSTON TX 77009-
(713)643-0911 THAI XUAN VILLAGE Com Opt 15 Per 0.00
8200 BROADWAY BLVD. Add Opt 0 Per 0.00
HOUSTON TX 77061-
(713)524-2342 THE CALIFORNIAN Com Opt 15 Per 0.00
1508 CALIFORNIA Add Opt 0 Per 0.00
HOUSTON TX 77006-
(713)228-2744 THE THREE COMPADRES Com Opt 16 Per 0.00
1912 NORTH MAIN Add Opt 0 Per 0.00
HOUSTON TX
(713)475-0779 THRIFT CITY #3 Com Opt 15 Per 0.00
914 W. SOUTHMORE B Add Opt 0 Per 0.00
PASADENA TX 77502-
EXHIBIT B 3
83
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
11 HOUSTON (TELEPROFITS)
PayPhone Number(s) Location Information
(713)688-9756 THU THU RESTAURANT Com Opt 2 Per 25.00
5015 A ANTOINE Add Opt 0 Per 0.00
HOUSTON TX 77092-
(713)434-8907 TOWNWOOD PHARMACY Com Opt 16 Per 0.00
4430 WEST OREM ROAD Add Opt 0 Per 0.00
HOUSTON TX 77023-
(713)671-9886 U & C FOOD STORE Com Opt 16 Per 0.00
(713)671-9887 404 FIDELITY Add Opt 0 Per 0.00
HOUSTON TX 77029-
(713)464-9851 USA LIQUORS #2 Com Opt 16 Per 0.00
10026A LONG POINT Add Opt 0 Per 0.00
HOUSTON TX 77055-
Com Opt 16 Per 0.00
Add Opt 0 Per 0.00
(713)691-5586 VETTA'S SUPER TAMALE Com Opt 15 Per 0.00
3423 LAURA KOPPE Add Opt 0 Per 0.00
HOUSTON TX 77093-
(713)434-0841 WI BOUTIQUE Com Opt 16 Per 0.00
4437 W. FUQUE Add Opt 0 Per 0.00
HOUSTON TX 77045-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(713)589-9856 WINDCHIMES CINEMA Com Opt 2 Per 20.00
13155 WESTHEIMER ROAD Add Opt 0 Per 0.00
HOUSTON TX
(713)635-4981 WONDER SUPER MARKET Com Opt 2 Per 25.00
(713)635-5956 4902 TIDDWELL Add Opt 0 Per 0.00
HOUSTON TX 77016-
EXHIBIT B 3
10
84
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
3 DALLAS
PayPhone Number(s) Location Information
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(214)372-8667 ANGELO'S FOOD MARKET Com Opt 6 Per 0.00
(214)372-8620 3530 SUNNYVALE Add Opt 0 Per 0.00
DALLAS TX 75216-
(817)468-8039 ARLINGTON JET CENTER, INC Com Opt 15 Per 0.00
(817)468-8040 50701 S. COLLINS Add Opt 0 Per 0.00
ARLINGTON TX 73018-
(214)641-4821 BABY MART Com Opt 15 Per 0.00
2424 SOUTH CARRIER PKWY, 111 Add Opt 0 Per 0.00
GRAND PRAIRIE TX 75051-
(214)391-9991 BARBEC'S Com Opt 6 Per 0.00
1625 S. BUCKNER Add Opt 0 Per 0.00
DALLAS TX
Com Opt 6 Per 0.00
Add Opt 0 Per 0.00
(214)426-0464 BUD'S SALADS INC. Com Opt 15 Per 0.00
2428 HARRISON Add Opt 0 Per 0.00
DALLAS TX 75815-
(214)306-9597 CENTERPOINT APTS Com Opt 6 Per 0.00
2626 FRANKFORT Add Opt 0 Per 0.00
DALLAS TX 75287-
(214)372-8654 CLASSIC CAR WASH Com Opt 2 Per 25.00
4870 SUNNYVALE Add Opt 0 Per 0.00
DALLAS TX 75216-
(214)340-4702 CLASSIC CAR WASH Com Opt 2 Per 25.00
8206 FOREST LAND Add Opt 0 Per 0.00
DALLAS TX
(214)381-8816 CLASSIC CAR WASH Com Opt 2 Per 25.00
6204 SAMUELS Add Opt 0 Per 0.00
DALLAS TX
(817)926-8962 D SUPER WASH Com Opt 4 Per 50.00
(817)926-5171 2801 HEMPHILL Add Opt 0 Per 0.00
FORT WORTH TX 76110-
EXHIBIT B 3
11
85
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
3 DALLAS
PayPhone Number(s) Location Information
(817)625-5231 D SUPER WASH #2 Com Opt 4 Per 50.00
3710 DECATUR STREET Add Opt 0 Per 0.00
FORT WORTH TX 76106-
(817)861-3254 DAYS INN Com Opt 2 Per 20.00
910 NORTH COLLINS Add Opt 0 Per 0.00
ARLINGTON TX 76011-
(817)595-4954 DSR AUTOMOTIVE INC. Com Opt 15 Per 0.00
(817)595-4949 7537 JACK NEWELL BLVD. N. Add Opt 0 Per 0.00
(817)595-4691 FORT WORTH TX 76118-
Com Opt 2 Per 20.00
Add Opt 0 Per 0.00
(214)841-9842 EL TAQUITO Com Opt 6 Per 0.00
5427 EAST GRANT Add Opt 0 Per 0.00
DALLAS TX
(214)864-1690 FLEMING FOOD Com Opt 2 Per 20.00
(214)864-1885 DISTRIBUTION CENTER Add Opt 0 Per 0.00
(214)864-1995 GARLAND TX 75041-
(214)278-7384
(214)864-8475
(214)301-9941 GOLDEN CHICK Com Opt 14 Per 0.00
445 W. ARAPAHO ROAD Add Opt 0 Per 0.00
RICHARDSON TX 75083-
(214)276-2481 GOOD SHEPHERD SCHOOL Com Opt 15 Per 0.00
214 SOUTH GARLAND AVENUE Add Opt 0 Per 0.00
GARLAND TX 75040-
Com Opt 6 Per 0.00
Add Opt 0 Per 0.00
(214)426-0499 HOTEL NEWLAND Com Opt 15 Per 0.00
1108 S. AKARD Add Opt 0 Per 0.00
DALLAS TX 75215-
(214)944-5549 ILLINOIS CAR WASH Com Opt 6 Per 0.00
213 W. ILLINOIS Add Opt 0 Per 0.00
DALLAS TX 75224-
EXHIBIT B 3
12
86
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
3 DALLAS
PayPhone Number(s) Location Information
(214)353-8575 JEFF'S GEM CAR WASH Com Opt 14 Per 0.00
3143 INWOOD Add Opt 0 Per 0.00
DALLAS TX 75235-
(214)613-7308 JET WASH DEPOT Com Opt 15 Per 0.00
2530 BIG TOWN BLVD. Add Opt 0 Per 0.00
MESQUITE TX 75150-
(214)381-8831 M & J FOODS Com Opt 6 Per 0.00
(214)381-8842 4441 LAWNVIEW Add Opt 0 Per 0.00
DALLAS TX 75227-
(214)272-8563 MEMORIAL HOSP GARLAND Com Opt 2 Per 25.00
(214)276-0584 2300 MARIE CURIE Add Opt 0 Per 0.00
(214)276-5981 GARLAND TX
(214)276-7090
(214)276-7383
(214)276-8571
(214)276-8787
(214)276-8652
Com Opt 6 Per 0.00
Add Opt 0 Per 0.00
(214)709-3112 PARK VILLAGE Com Opt 6 Per 0.00
7575 WESTMORELAND Add Opt 0 Per 0.00
DALLAS TX 75237-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(817)460-0184 PYRAMID MANAGEMENT CO Com Opt 15 Per 0.00
LAMAR EAST OFFICE TOWER Add Opt 0 Per 0.00
ARLINGTON TX 76011-
(214)840-6205 ROB REEVES SERVICE CENTER Com Opt 15 Per 0.00
2410 WEST MILLER ROAD Add Opt 0 Per 0.00
GARLAND TX 75042-
(817)649-9577 SUBWAY - ARLINGTON Com Opt 2 Per 20.00
921 SIX FLAG DRIVE Add Opt 0 Per 0.00
ARLINGTON TX
EXHIBIT B 3
13
87
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
3 DALLAS
PayPhone Number(s) Location Information
(214)902-7903 SUBWAY - DALLAS Com Opt 2 Per 20.00
4347 W. NW HWY, #150 Add Opt 0 Per 0.00
DALLAS TX
(817)668-5912 SUBWAY - GAINSVILLE Com Opt 2 Per 20.00
902 EAST HWY Add Opt 0 Per 0.00
GAINSVILLE, TX
(214)594-0109 SUITES INN Com Opt 2 Per 10.00
1701 W. AIRPORT BLVD. Add Opt 0 Per 0.00
IRVING TX
(214)939-1200 THE ADOLPHUS HOTEL Com Opt 13 Per 0.00
(214)939-1210 1321 COMMERCE STREET Add Opt 0 Per 0.00
(214)939-1212 DALLAS TX 75052-
(214)939-1211
(214)939-1209
(214)939-1208
(214)939-1214
(214)939-1218
(214)939-1217
(214)939-1215
(214)939-1219
(214)939-1216
(214)939-1213
(214)939-1232
(214)939-1229
(214)939-1230
(214)939-1239
(214)939-1231
(214)939-1233
(214)939-1228
(214)939-1227
(214)939-1223
(214)939-1221
(214)939-1220
(214)939-1222
(214)939-1205
(214)939-1204
(214)939-1207
(214)939-1206
(214)939-1240
(214)939-1203
(214)939-1201
(214)939-1202
(214)939-1224
(214)939-1225
(214)939-1226
EXHIBIT B 3
14
88
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
3 DALLAS
PayPhone Number(s) Location Information
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(214)306-1077 TOSCANA APTS Com Opt 6 Per 0.00
17910 KELLY BLVD. Add Opt 0 Per 0.00
DALLAS TX 75287-
(214)579-9457 UNIVERSITY OF DALLAS Com Opt 1 Per 20.00
(214)579-3010 1845 EAST NORTHGATE DRIVE Add Opt 0 Per 0.00
(214)579-9960 IRVING TX 75062-4799
(214)579-9861
(214)579-4915
(214)579-9778
(214)986-7141 VETERAN'S BINGO HALL Com Opt 2 Per 20.00
3200 SHADY GROVE Add Opt 0 Per 0.00
IRVING, TX
(214)320-5514 WATERHOLE CLUB Com Opt 15 Per 0.00
(214)320-5526 3727 DILIDO #146 Add Opt 0 Per 0.00
DALLAS TX 75228-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(214)559-9176 ZUZU'S Com Opt 15 Per 0.00
3848 OAKLAWN Add Opt 0 Per 0.00
DALLAS TX 75219-
EXHIBIT B 3
15
89
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
10 SAN ANTONIO
PayPhone Number(s) Location Information
(210)520-1260 ALAMO BLIMPIE #2 Com Opt 15 Per 0.00
6766 INGRAM SQ SHOPPING CENTER Add Opt 0 Per 0.00
SAN ANTONIO TX 78238-
(210)923-8479 AMBER APARTMENTS Com Opt 15 Per 0.00
131 WEST AMBER Add Opt 0 Per 0.00
SAN ANTONIO TX 78221-
(210)734-0309 ARBY'S Com Opt 2 Per 25.00
3696 FREDERICKSBURG ROAD Add Opt 0 Per 0.00
SAN ANTONIO TX 78201-
(210)533-9384 BURKE PROPERTIES/DOLLAR Com Opt 15 Per 0.00
4014 CLARK AVENUE Add Opt 0 Per 0.00
SAN ANTONIO TX 78223-
(210)804-1317 CLOTH WORLD #62 Com Opt 15 Per 0.00
1526 AUSTIN HIGHWAY Add Opt 0 Per 0.00
SAN ANTONIO TX 78218-
(210)675-1296 CLOTH WORLD #90 Com Opt 15 Per 0.00
8125 MEADOWLEAF Add Opt 0 Per 0.00
SAN ANTONIO TX 78227-
(210)635-8831 COUNTRYSIDE ICE STATION Com Opt 15 Per 0.00
14028 HWY 181 SOUTH Add Opt 0 Per 0.00
SAN ANTONIO TX 78222-
(210)534-6431 DAIRY QUEEN Com Opt 15 Per 0.00
2282 S.E. MILITARY DRIVE Add Opt 0 Per 0.00
SAN ANTONIO TX 78223-
(210)434-1536 DUNKIN DONUTS Com Opt 15 Per 0.00
1571 BANDERA ROAD Add Opt 0 Per 0.00
SAN ANTONIO TX 78228-
(210)675-5666 DUNKIN DONUTS Com Opt 15 Per 0.00
7000 WEST MILITARY DRIVE Add Opt 0 Per 0.00
SAN ANTONIO TX 78228-
(210)308-0236 DUNKIN DONUTS Com Opt 15 Per 0.00
5129 WEST AVENUE Add Opt 0 Per 0.00
SAN ANTONIO TX 78228-
(210)773-4464 EL MERCADO Com Opt 15 Per 0.00
(210)773-4600 2323 NORTH MAIN Add Opt 0 Per 0.00
(210)773-5019 EAGLE PASS TX 78852-
EXHIBIT B 3
16
90
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
10 SAN ANTONIO
PayPhone Number(s) Location Information
(210)434-0953 HIGHWAY 90 QUIK STOP Com Opt 2 Per 27.00
(210)434-5724 1007 OLD HIGHWAY 90 WEST Add Opt 0 Per 0.00
(210)434-5745 SAN ANTONIO TX 76237-
(210)434-3360
(210)534-7615 JOSEPH'S CAR WASH Com Opt 15 Per 0.00
1248 S. ST. MARY'S Add Opt 0 Per 0.00
SAN ANTONIO TX 78210-
(210)308-0243 KENTUCKY FRIED CHICKEN Com Opt 15 Per 0.00
4310 VANCE JACKSON Add Opt 0 Per 0.00
SAN ANTONIO TX 78230-
(210)599-7745 LITTLE CEASARS #1 Com Opt 15 Per 0.00
13954 NACAGODOCHES Add Opt 0 Per 0.00
SAN ANTONIO TX 78217-
(210)666-0209 LULAC EAST PARK PLACE Com Opt 15 Per 0.00
4619 DIETRICH ROAD Add Opt 0 Per 0.00
SAN ANTONIO TX 78219-
(210)922-9094 M-CO DISCOUNT AUTO SUPPLY Com Opt 2 Per 25.00
2423 PALO ALTO Add Opt 0 Per 0.00
SAN ANTONIO TX 78211-
(210)534-3529 PATTY'S TACO HOUSE Com Opt 15 Per 0.00
2422 SOUTH HACKBERRY Add Opt 0 Per 0.00
SAN ANTONIO TX 76210-
(210)734-6523 POP IN GO VIDEO Com Opt 15 Per 0.00
3655 FREDERICKSBURG ROAD Add Opt 0 Per 0.00
SAN ANTONIO TX 78201-
(210)675-2614 POP IN GO VIDEO Com Opt 15 Per 0.00
7121 HWY 90 WEST Add Opt 0 Per 0.00
SAN ANTONIO TX 78245-
(210)509-0003 R. TREVINO CONST/CAR WASH Com Opt 15 Per 0.00
4319 CALLAGHAN Add Opt 0 Per 0.00
SAN ANTONIO TX 78228-
(210)534-7520 SANTOS MEAT MARKET Com Opt 15 Per 0.00
2820 NOGALITOS Add Opt 0 Per 0.00
SAN ANTONIO TX 78225-
EXHIBIT B 3
17
91
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
10 SAN ANTONIO
PayPhone Number(s) Location Information
(210)927-3182 SOLARIZE Com Opt 15 Per 0.00
826 S.W. MILITARY DRIVE Add Opt 0 Per 0.00
SAN ANTONIO TX 78221-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(210)436-6921 STAR IGA #27 Com Opt 15 Per 0.00
(210)436-6855 6137 GENERAL MCMULLEN Add Opt 0 Per 0.00
(210)436-6724 SAN ANTONIO TX 78220
(210)927-6542 STAR IGA #28 Com Opt 15 Per 0.00
(210)927-6547 2651 S.W. MILITARY Add Opt 0 Per 0.00
(210)927-6524 SAN ANTONIO TX 78224-
(210)804-0469 SUPERIOR CAR WASH Com Opt 15 Per 0.00
1024 AUSTIN HIGHWAY Add Opt 0 Per 0.00
SAN ANTONIO TX 78209-
(210)927-6193 TAQUERIA GUADALAUJARA Com Opt 13 Per 0.00
7150 NEW LAREDO HIGHWAY Add Opt 0 Per 0.00
SAN ANTONIO TX 78211-
(210)733-8007 THE HAPPY HUT Com Opt 15 Per 0.00
1902 WEST AVENUE Add Opt 0 Per 0.00
SAN ANTONIO TX 78210-
Com Opt 15 Per 0.00
Add Opt 0 Per 0.00
(512)306-1168 ZUZU'S RESTAURANT Com Opt 15 Per 0.00
3633 BEE CAVE ROAD Add Opt 0 Per 0.00
AUSTIN TX 78746-
(210)341-9348 ZUZU'S RESTURANT Com Opt 15 Per 0.00
2267 N.W. MILITARY HWY Add Opt 0 Per 0.00
SAN ANTONIO TX 78213-
EXHIBIT B 3
18
92
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
8000 MEDICAL CITY
PayPhone Number(s) Location Information
(214)934-4961 10 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)490-7944 11 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)490-0979 12A ELEVATOR Com Opt 6 Per 0.00
(214)490-7901 HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4953 2 A BACK ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4948 2 A FATHERS WAITING Com Opt 6 Per 0.00
(214)934-4949 HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)490-7906 3AICU/CCU WAITING Com Opt 6 Per 0.00
(214)934-4940 HUMANA HOSPITAL Add Opt 0 Per 0.00
(214)924-4989 DALLAS TX
(214)934-4990
(214)490-7945 3RD FLOOR NORTH WAITING Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4955 4 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4958 5 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4944 5 NORTH WAITING Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4956 6 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
EXHIBIT B 3
19
93
Texas Coinphone
Company Owned Accounts
Account Number Account Name Date: 05/02/96
8000 MEDICAL CITY
PayPhone Number(s) Location Information
(214)934-4957 7 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4959 8 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)934-4960 9 A ELEVATOR Com Opt 6 Per 0.00
HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)490-7934 EMERGENCY ROOM Com Opt 6 Per 0.00
(214)490-7935 HUMANA HOSPITAL Add Opt 0 Per 0.00
DALLAS TX
(214)490-7946 LOBBY Com Opt 6 Per 0.00
(214)934-4941 HUMANA HOSPITAL Add Opt 0 Per 0.00
(214)934-4942 DALLAS TX
(214)934-4943
EXHIBIT B 3
20
94
EXHIBIT C
BILL OF SALE
This Bill of Sale is given to acknowledge and memorialize that AMTEL
COMMUNICATIONS, INC., a California corporation, AMTEL COMMUNICATIONS SERVICES,
INC., a California corporation, AMTEL COMMUNICATION CORRECTIONAL FACILITIES,
INC., a California corporation, AMTEL COMMUNICATIONS PAYPHONES, INC., a
California corporation, and ACI-HDT SUPPLY COMPANY, a California corporation
(hereinafter collectively referred to as "Seller"), whose principal place of
business is 5452 Oberlin Drive, Suite B, San Diego, California 92121), does
hereby sell, assign, transfer and deliver to PHONETEL TECHNOLOGIES, INC., an
Ohio corporation, whose principal place of business is located at 650 Statler
Office Tower, 1127 Euclid Avenue, Cleveland, Ohio 44115-1601 ("Buyer"), for the
sum of $7,000,000, together with _____ shares of the Buyer's Common Stock, plus
California State Sales Tax in the amount of $____________, receipt of which is
hereby acknowledged, the following categories of tangible and intangible
property of Seller:
1.0 HARD ASSETS. All of Seller's pay telephones, pay telephone equipment and
related components, pedestals, enclosures, accessories, and other inventory,
goods, fixtures, furniture, vehicles, office equipment, trade fixtures, and/or
equipment which are not specifically identified or described as Reserved Assets
on "Exhibit 1" attached hereto.
2.0 LOCATION AGREEMENTS. All of Seller's right, title, interest, and claim
arising under the site location Agreements identified on "Exhibit 2" attached
hereto and incorporated herein by this reference.
3.0 OTHER GENERAL INTANGIBLES. All trademarks, trade names, copyrights, trade
secrets, good will, patents, computer tapes, customer lists, documents
containing names, addresses, telephone numbers and other information regarding
Seller's customers, subscribers, tapes, programs, print outs, disks, and other
material and documents relating to the recording or analyzing of any of the
foregoing; together with all rights title and interest to network contracts,
customer contracts for the furnishing by Seller of Telecommunication Services,
and billing and collection contracts; and all records, documents relating to any
and all of the foregoing, including, without limitation, all records in the form
of writing, microfilm, microfiche, tape or electronic media.
4.0 CHOSES IN ACTION. All choses in action, or rights to recover money or
property from any person or entity, arising out
EXHIBIT C
95
of, or related to actual or claimed violations of the automatic stay (11 U.S.C.
362(a)), together with any and all causes of action or claims which could
otherwise have been asserted by Seller based upon any breach of contract,
wrongful interference with the Business, or any other act or omission committed,
or omitted (other than a failure to pay an account receivable or money otherwise
payable to Seller), in connection with the Business which acts were committed,
or omitted at any time prior to the date of this Bill of Sale.
5.0 DEPOSITS. Any and all deposits of cash made by Seller with any person or
entity, other than deposits made to landlords with respect to Seller's
obligations under leases which are not assumed by Buyer pursuant to the terms of
this Agreement.
The tangible and intangible property hereindescribed are sold and
transferred to Buyer on a "where-is, as-is" basis and Seller makes no warranties
whatsoever to Buyer in connection with this sale, other than the warranty of
authority set forth in the following paragraph.
Seller warrants and represents that (1) the sale memorialized by this
Bill of Sale has been authorized by that certain "[title of the Enabling Order]"
entered by the United States Bankruptcy Court for the Southern District of
California in its consolidated case number 95-08253-All; and (2) that the
aforesaid order has not been reversed, modified, or amended without the Buyers
consent and is not the subject of any stay.
Dated:__________________ AMTEL COMMUNICATIONS, INC.
A California Corporation
By:______________________________
Alan C. Kaniss, General Manager
EXHIBIT C
96
EXHIBIT 1
TO BILL OF SALE
DATED _______, 1996
RESERVED ASSETS
The "Reserved Assets" consist of all of the following categories of
tangible and intangible property of Seller:
1.0 HARD ASSETS. All of the pay telephones, pay telephone equipment and related
components, pedestals, enclosures, accessories and related inventory which is
part of:
1.1 The "Elcotel Sequestered Collateral" described on "Exhibit 1.1"
attached hereto;
1.2 The Protel "Surplus Inventory" described on "Exhibit 1.2" attached
hereto; or,
1.3 The "Released Payphones" described in "Exhibit 1.3" attached hereto
which will be returned to Texas Coin Phone, a Texas general
partnership.
2.0 LOCATION AGREEMENTS. All of Seller's right, title, interest and claim
arising out of any of the site location agreements applicable to any of the
Released Payphones described in "Exhibit 1.3" attached hereto and incorporated
herein by this reference.
3.0 OTHER GENERAL INTANGIBLES.
3.1 Any and all telephone accounts, and accounts receivable arising from
telecommunications services rendered to an end user prior to the
Closing Date (the "End User Accounts") to a regional Bell operating
company, a Bell operating company, local exchange company, credit card
company or provider of local telephone services (each a "LEC") for
billing, collection and rights in and to any of the telephone
receivables, debts, and other accounts payable to Seller by any LEC
and all cash and noncash proceeds from the foregoing, which first
arose prior to the Effective Date of the Agreement, and remain
uncollected as of the date of this Bill of Sale;
3.2 All of Seller's cash and cash equivalents;
3.3 All rights with respect to insurance policies owned by Seller; and
3.4 All tax or other refund claims held by Seller against
EXHIBIT 1
97
any governmental agency, subdivision or unit.
4.0 CHOSES IN ACTION. Any and all causes of action or entitlement to recover
money or property against any person or entity which may be asserted by Seller
pursuant to any of the provisions of Chapter 5 of the United States Bankruptcy
Code ("Title 11 U.S.C."). This includes, without limitation, the adversary
proceedings now pending in the Bankruptcy Court against the following
Defendants: Scott Mitchell, an individual, dba Payphones USA, Inc. (Adv. Case
No. 95-90805); Mountain States Payphones (Adv. Case No. 95-90805); Orange County
Wings, et al. (Adv. Case No. 95-90805); Randy Kuhlmann (Adv. Case No. 96-
90245); David Darling (Adv. Case No. 96-90275); Four-Star Cinema, Inc., a
California Corporation dba Family Four Cinemas (Adv. Case No. 96-90318); Austin
Entertainment Group, Inc., a Texas Corporation dba The Roxy (Adv. Case No.
96-90349); Pacific Bell, (Public Utilities Commission Case No. 95-08-062); AT&T
Communications, Inc., a Delaware Corporation; AT&T Corp., a New York
Corporation; AT&T Communications Interexchange Companies, an association or
business entity, form unknown (Adv. Case No. 96- 90318)
5.0 DEPOSITS. All deposits given to landlords for leases which have not been
assumed by the Buyer pursuant to the terms of this Agreement.
EXHIBIT 1
98
EXHIBIT D
ASSUMED OBLIGATIONS
Obligations arising from Amtel's right, title, interest, and claim
arising under all of Amtel's pay telephone the site location Agreements other
than the site location agreements for the pay telephone identified on Exhibit
B-3 of this Agreement attached hereto and incorporated herein by this reference,
to the extent that the obligations arise or accrue on or after the Closing Date.
EXHIBIT D
99
EXHIBIT E
The securities represented by this certificate have not been registered
under the Securities Act of 1933, as amended, or any state securities laws. Said
securities may not be sold or transferred in the absence of such registration or
an opinion of counsel, reasonably satisfactory to the issuer, that such sale or
transfer is exempt from the registration provisions of said act or laws.
EXHIBIT E
100
AMENDMENT NO.1 TO THE
ASSET PURCHASE AGREEMENT
This AMENDMENT NO.1 (the "Amendment") to the ASSET PURCHASE AGREEMENT
dated as of June 26, 1996, among PhoneTel Technologies, Inc., an Ohio
corporation (the "Buyer"), and ACI-HDT Supply Company, a California corporation,
Amtel Communications Services, Inc., a California corporation, Amtel
Communications Correctional Facilities, Inc., a California corporation, Amtel
Communications, Inc., a California corporation, and Amtel Communications
Payphones, Inc., a California corporation, all of which are hereinafter
collectively referred to as "Amtel" or "Seller."
WHEREAS, Parent and the Company have entered into the Asset Purchase
Agreement dated as of June 26, 1996 (the "Agreement"; capitalized terms used
herein and not defmed shall have the meanings given them in the Agreement); and
WHEREAS, the Agreement contemplates that the Buyer purchase the assets
and property of Amtel except the assets and property specifically excluded by
the terms of the Agreement; and
WHEREAS, Buyer and Amtel wish to amend certain provisions of the
Agreement;
NOW, THEREFORE, in consideration of the foregoing and the agreements set
forth below, the parties hereto agree as follows:
AGREEMENT
Each of Buyer and Amtel agrees that the following provisions be and
hereby are amended as set forth below.
1. Section 1.2.1(a) of the Agreement is hereby amended and
restated in its entirety to read as follows:
(a) Cash in the amount of Six Million Dollars ($6 million); and
2. Section 1.2.1(b) of the Agreement is hereby amended and
restated in its entirety to read as follows:
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(a) Shares of the Buyer's Common stock having an "Established Value,"
as hereinafter defined, of not less than Seven Million Dollars
($7 million) (the "Common Stock"). No fractional shares shall be
delivered in satisfaction of this obligation. Rather, Buyer shall
be obligated to deliver the least number of shares of the Common
Stock necessary to provide an Established Value of not less than
Seven Million Dollars;
3. The first sentence of Section 1.2.1(c) of the Agreement is amended
by replacing the first sentence thereof with the following sentence:
Notwithstanding any provision of this Agreement which may be
construed to the contrary, Buyer may, in its sole and exclusive
discretion, elect to deliver cash in the amount of Seven Million
dollars ($7 million) in place of the Common Stock if, but only
if, the Established Value of the Common Stock is less than $3.50
per share.
4. Section 1.3 of the Agreement is hereby amended to add the following
sentence at the end thereof:
Notwithstanding the foregoing, in no event shall the Established
Value be greater than $6.50 per share.
5. Section 1.6(a) of the Agreement is hereby amended and restated in
its entirety to read as follows:
(a) Cash in the amount of $6 million less an amount equal to the
Non-refundable deposit plus interest that has accrued thereon as
of the defined Closing Date;
6. Section 1.6(b) of the Agreement is hereby amended and restated in
its entirety to read as follows:
(a) (1) the Common Stock; or alternatively,
(2) cash in the amount of $7 million if Buyer makes the
election permitted by paragraph 1.2.1(c).
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102
7. Except as amended hereby, the Agreement remains in full force and
effect.
IN WITNESS WHEREOF, this Amendment has been duly executed and
delivered by the duly authorized officers of Buyer and Amtel on the date first
above written.
ACI-HDT SUPPLY COMPANY, a
California corporation,
AMTEL COMMUNICATIONS SERVICES, INC., a
California corporation,
AMTEL COMMUNICATIONS CORRECTIONAL
FACILITIES, INC., a California corporation,
AMTEL COMMUNICATIONS, INC., a
California corporation,
AMTEL COMMUNICATIONS PAYPHONES, INC., a
California corporation
By : /s/ Alan Kaniss
------------------------------
Name: Alan Kaniss
Title: General Manager
PHONETEL TECHNOLOGIES, INC.
By : /s/ Peter Graf
------------------------------
Name: Peter Graf
Title: Chairman
3
103
AMENDMENT NO. 2 TO THE
ASSET PURCHASE AGREEMENT
This AMENDMENT NO. 2 dated as of August 26, 1996 (the "Amendment") to
the ASSET PURCHASE AGREEMENT dated as of June 26, 1996, as amended, among
PhoneTel Technologies, Inc., an Ohio corporation (the "Buyer"), and ACI-HDT
Supply Company, a California corporation, Amtel Communications Services, Inc.,
a California corporation, Amtel Communications Correctional Facilities, Inc., a
California corporation, Amtel Communications, Inc., a California corporation,
and Amtel Communications Payphones, Inc., a California corporation, all of
which are hereinafter collectively referred to as "Amtel" or "Seller."
WHEREAS, Parent and the Company have entered into the Asset Purchase
Agreement dated as of June 26, 1996, as amended (the "Agreement"; capitalized
terms used herein and not defined shall have the meanings given them in the
Agreement); and
WHEREAS, the Agreement contemplates that the Buyer purchase the assets
and property of Amtel except the assets and property specifically excluded by
the terms of the Agreement; and
WHEREAS, Buyer and Amtel wish to amend certain provisions of the
Agreement;
NOW, THEREFORE, in consideration of the foregoing and the agreements set
forth below, the parties hereto agree as follows:
AGREEMENT
Each of Buyer and Amtel agrees that the following provisions be and
hereby are amended as set forth below.
1. Section 1.2.1(a) of the Agreement is hereby amended and
restated in its entirety to read as follows:
(a) Cash in the amount of Seven Million Dollars ($7 million);
and
104
2. Section 1.2.1(b) of the Agreement is hereby amended and restated in
its entirety to read as follows:
(a) Shares of the Buyer's Common stock having an "Established Value,"
as hereinafter defined, of not less than Six Million Dollars ($6
million) (the "Common Stock"). No fractional shares shall be
delivered in satisfaction of this obligation. Rather, Buyer shall
be obligated to deliver the least number of shares of the Common
Stock necessary to provide an Established Value of not less than
Six Million Dollars;
3. The first sentence of Section 1.2.1(c) of the Agreement is amended by
replacing the first sentence thereof with the following sentence:
Notwithstanding any provision of this Agreement which may be
construed to the contrary, Buyer may, in its sole and exclusive
discretion, elect to deliver cash in the amount of Six Million
dollars ($6 million) in place of the Common Stock if, but only
if, the Established Value of the Common Stock is less than $3.50
per share.
4. Section 1.6(a) of the Agreement is hereby amended and restated in its
entirety to read as follows:
(a) Cash in the amount of $7 million less an amount equal to the
Non-refundable deposit plus interest that has accrued thereon as
of the defined Closing Date;
5. Section 1.6(b) of the Agreement is hereby amended and restated in its
entirety to read as follows:
(a) (1) the Common Stock; or alternatively,
(2) cash in the amount of $6 million if Buyer makes the
election permitted by paragraph 1.2.1(c).
6. Except as amended hereby, the Agreement remains in full force and
effect.
2