EXHIBIT 4.11
SUPPLEMENT NO. 1 TO INDENTURE
SUPPLEMENT NO. 1, dated as of December 18, 2000 (the
"Supplement"), between ITSA-Intercontinental Telecomunicacoes Ltda., a
Brazilian limited liability company (the "Company"), and The Bank of New
York, as trustee (the "Trustee") under the Indenture, dated as of July 20,
2000 (the "Indenture"), by and among the Company, as issuer, TV Filme
Brasilia Servicos de Telecomunicacoes Ltda., TV Filme Goiania Servicos de
Telecomunicacoes Ltda., TV Filme Belem Servicos de Telecomunicacoes Ltda., TV
Filme Sistemas Ltda., TV Filme Operacoes Ltda., and Link Express Servicos de
Telecomunicacoes Ltda., each a Brazilian limited liability company, as
guarantors (collectively, the "Guarantors"), and the Trustee, relating to the
Company's $35,000,000 aggregate principal amount of 12% Senior Secured Notes
due 2004 (the "Notes").
RECITALS
WHEREAS, the Company, the Guarantors and the Trustee have heretofore
entered into the Indenture to provide for the issuance of the Notes, issued as
an amendment and restatement of the remaining US$35,000,000 outstanding
principal balance due under the Company's promissory note, dated December 20,
1996, in the original principal amount of US$140,000,000 (the "Existing Note"),
which was issued to TV Filme, Inc., a Delaware corporation ("TV Filme"), in a
private placement offering and subsequently transferred by TV Filme to its
successor, ITSA Ltd., a Cayman Islands corporation; and
WHEREAS, the Company desires to amend the Indenture and the Notes to
provide for the issuance of Certificated Notes in denominations of $250, and any
integral multiple thereof, and to provide for the repurchase or redemption of
Notes in denominations of $250, and any integral multiple thereof.
NOW, THEREFORE, the Company and the Trustee agree as follows:
ARTICLE I
SECTION 1.01 All references to "$1,000" and "US$1,000" contained in
Sections 2.7(b), 3.2, 4.10(b)(ii), 4.10(c), 4.14(a), 4.14(b) and 4.14(c) of the
Indenture, and in the form of Note attached as EXHIBIT A to the Indenture, are
hereby deleted and replaced with "$250" and "US$250", respectively.
SECTION 1.02 All references to "$1,000" and "US$1,000" contained in
paragraphs 7 and 8 set forth on the back of the Notes heretofore issued, and in
the section of such Notes entitled "Option of Holder to Elect Purchase", are
hereby deleted and replaced with "$250" and "US$250", respectively.
ARTICLE II
MISCELLANEOUS
SECTION 2.01. Except as otherwise expressly provided or unless the
context otherwise requires, all terms used herein which are defined in the
Indenture shall have the meanings assigned to them in the Indenture.
SECTION 2.02. This Supplement shall be governed by and construed in
accordance with the laws of the jurisdiction which govern the Indenture and its
construction.
SECTION 2.03. This Supplement may be executed in any number of
counterparts, each of which shall be an original, but such counterparts shall
together constitute but one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Supplement
to be duly executed as of the date first written above.
ITSA-INTERCONTINENTAL
TELECOMUNICACOES LTDA.
By: /S/ HERMANO STUDART LINS DE ALBUQUERQUE
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Name: Hermano Studart Lins de Albuquerque
Title: Chief Executive Officer
THE BANK OF NEW YORK, AS TRUSTEE
By: /S/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Title: Assistant Treasurer
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