GUARANTEE ASSUMPTION AGREEMENT
GUARANTEE ASSUMPTION AGREEMENT dated as of January 2, 1998 by ITDS
Intelicom Services, Inc., a Delaware corporation (the "Additional Subsidiary
Guarantor"), in favor of Lehman Commercial Paper Inc. ("LCPI"), as
administrative agent for the lenders or other financial institutions or entities
party as "Lenders" to the Credit Agreement referred to below (in such capacity,
together with its successors in such capacity, the "Administrative Agent").
International Telecommunication Data Systems, Inc., a Connecticut
corporation, the Subsidiary Guarantors referred to therein and the
Administrative Agent are parties to a Credit Agreement dated as of January 2,
1998 (as modified and supplemented and in effect from time to time, the "Credit
Agreement").
Pursuant to Section 9.17(a) of the Credit Agreement, the Additional
Subsidiary Guarantor hereby agrees to become a "Subsidiary Guarantor" for all
purposes of the Credit Agreement, and a "Debtor" for all purposes of the
Security Agreement. Without limiting the foregoing, the Additional Subsidiary
Guarantor hereby, jointly and severally with the other Subsidiary Guarantors,
guarantees to each Lender, the Administrative Agent, Guarantors, guarantees to
each Lender, the Administrative Agent, LCPI and the Arranger and their
respective successors and assigns the prompt payment in full when due (whether
at stated maturity, by acceleration or otherwise) of all Guaranteed Obligations
(as defined in Section 6.01 of the Credit Agreement) in the same manner and to
the same extent as is provided in Section 6 of the Credit Agreement. In
addition, the Additional Subsidiary Guarantor hereby makes the representations
and warranties set forth (i) in Sections 8.01, 8.02, 8.04, 8.07, 8.08, 8.09,
8.10, 8.11, 8.12, 8.13, 8.14 and 8.15 of the Credit Agreement, and in Section 2
of the Security Agreement, with respect to itself and its obligations under this
Agreement, as if each reference in said Sections to the Basic Documents included
reference to this Agreement, (ii) in Sections 8.16 and 8.17 of the Credit
Agreement with respect to the supplements to Schedules I and III to the Credit
Agreement attached hereto as Appendix A and (iii) in Section 2 of the Security
Agreement with respect to the supplements to Annexes 1 through 6 to the Security
Agreement attached hereto as Appendix B. The Additional Subsidiary Guarantor
hereby agrees to take promptly such action (including, without limitation,
delivering such shares of stock, executing and delivering such Uniform
Commercial Code financing statements) as shall be necessary to create and
perfect valid and enforceable first priority Liens on substantially all of its
personal Property as collateral security for its obligations under the Credit
Agreement.
IN WITNESS WHEREOF, the Additional Subsidiary Guarantor has caused this
Guarantee Assumption Agreement to be duly executed and delivered as of the day
and year first above written.
ITDS INTELICOM SERVICES, INC.
By: /S/ Peter P. Bassermann
------------------------------
Title: President and Treasurer
ACCEPTED AND AGREED:
LEHMAN COMMERCIAL PAPER INC.,
as Administrative Agent
By: /S/ Dennis J. Dee
---------------------------
Title: Authorized Signatory
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Appendix A
to
Guarantee Assumption
Agreement
Supplement to Schedule I of the Credit Agreement (Material Agreements
and Liens):
Part A: None
Part B: UCC Filings for Leased Equipment
Supplement to Schedule III of the Credit Agreement (Subsidiaries and
Investments):
Part A: None
Part B: None
Guarantee Assumption Agreement
------------------------------
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Appendix B
to
Guarantee Assumption
Agreement
Supplement to Annex 1 of the Security Agreement
PLEDGED STOCK
-------------
[See Section 2 (b) and (c) of the Security Agreement.]
ITDS Intelicom Services, Inc.
- -----------------------------
Certificate Registered
Issuer Nos. Owner Number of Shares
------ ---- ----- ----------------
N/A N/A N/A N/A
Annex 1 to Security Agreement
-----------------------------
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Supplement to Annex 2 to the Security Agreement
LIST OF COPYRIGHTS, COPYRIGHT REGISTRATIONS AND
APPLICATIONS FOR COPYRIGHT REGISTRATIONS
[See Section 2 (d) of the Security Agreement.]
ITDS Intelicom Services, Inc.
- -----------------------------
Date Registration Date of
Title Registered No. Creation
----- ---------- ----------- --------
TRIS + front end February 11, 1993 TX 3653494 1993
TRIS + back end February 11, 1993 TX 3484231 1991
Annex 2 to Security Agreement
-----------------------------
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Supplement to Annex 3 to the Security Agreement
LIST OF PATENTS AND PATENT APPLICATIONS
[See Section 2 (d) of the Security Agreement.]
ITDS Intelicom Services, Inc.
- -----------------------------
File Patent Country Registration No. Date
- ---- ------ ------- ---------------- ----
NONE
Annex 3 to Security Agreement
-----------------------------
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Supplement to Annex 4 to the Security Agreement
LIST OF TRADE NAMES, TRADEMARKS, SERVICES MARKS,
TRADEMARK AND SERVICE MARK REGISTRATIONS AND
APPLICATIONS FOR TRADEMARK AND SERVICE MARK REGISTRATIONS
[See Section 2 (d) of the Security Agreement.]
U.S. Trademarks
---------------
ITDS Intelicom Services, Inc.
- -----------------------------
Application (A)
Registration (R) Registration
Mark or Series No. (S) or Filing Date
---- ----------------- --------------
TRIS + R 1,842,753 July 5, 1994
TRIS Common Law Trademark
Annex 4 to Security Agreement
-----------------------------
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Foreign Trademarks
------------------
ITDS Intelicom Services, Inc.
- -----------------------------
Application (A) Registration or
Mark Registration (R) Country Filing Date (F)
- ---- ---------------- ------- ---------------
NONE
Annex 4 to Security Agreement
-----------------------------
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Supplement to Annex 5 to the Security Agreement
LIST OF CONTRACTS, LICENSES AND OTHER AGREEMENTS
[See Section 2 (d), (e) and (f) of the Security Agreement]
ITDS Intelicom Services, Inc.
- -----------------------------
ITDS Intelicom Services, Inc., uses licenses of various off-the-shelf
business software and various public domain/share-ware software.
It also licenses Intellectual Property to the following entities:
Liberty Cellular/Kansas Cellular
Southwestern Bell Mobile
Southwestco/Bell Atlantic Mobile
Mercury-Magnolia
Mercury-Alaska 3
Cellcom/New Cell
MobileTel
Sagir
NE Michigan/RFB Cellular
Cybertel-Kauai
NE Colorado
Commnet
Nextel
Citizens Mohave
Western Wireless
Mid-Tex Cellular
OneComm
Dial Call
Southern Company
Omnipoint
and, through a predecessor in interest, it licenses certain Intellectual
Property to Sema Group Mobile Communications, Limited.
ITDS Intelicom Services, Inc. has software license agreements and/or
maintenance agreements with the following entities:
Computer Associates
Lotus
Microsoft Select
Microsoft Exchange
McAfee
Annex 5 to Security Agreement
-----------------------------
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Supplement to Annex 6 to the Security Agreement
LIST OF LOCATIONS
[See Section 5.07 of the Security Agreement.]
ITDS Intelicom Services, Inc.
- -----------------------------
2109 Fox Drive, Champaign IL
6707 Democracy Boulevard, Suite 1000 Bethesda, MD
Annex 6 to Security Agreement
-----------------------------
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