M ED N AUTILUS
September 5, 2005
Re: Offer to 012 Golden Lines for Purchase (RoU) of additional Capacity over
Further to our meeting follows our Final Offer for 012 Golden Lines consideration.
Mediterranean Nautilus Ltd., International House, International Financial Services Centre, Dublin 1, Ireland
Tel: +353 1 435 9700 Fax: +353 1 435 9701 Email: firstname.lastname@example.org www.mednautilus.com
Registered in Ireland. Number: 320283
012 Golden Lines (“012 GL”) purchased and activated 15*STM-1s circuits originating from MN Israel PoPs (TA2 /
Haifa) and terminating in MN’s PoPs Western Europe or USA as agreed between the parties in the previous deals
(“The Previous Deals”).
2. As discussed in our meeting 012 GL is now contemplating the possibility of committing for higher volume of capacity
reducing this deal marginal and the average STM-1 cost from the next STM-1 activation (would be number 16).
This offer is based on the parties’ previous dealings and GL investment in international capacity over the systems.
012 GL would commit for additional investment of [ ]*, for the purchase of 25xSTM-1s between Israel and
Europe (MN POPs) (at STM-1 marginal price of [ ]* per STM-1 price including interest at the rate of [ ]* years
for the deferred payment as provided in Section 2 below.) (“25xSTM-1 Marginal Price”) with the exit options as
described in Section 3 below.
The 25xSTM-1s commitment would be split over 6 years after which all capacity whether activated or not would
be counted for all purposes as activated providing 012 with a
* This portion of the Exhibit has been omitted pursuant to a Request for Confidential Treatment under Rule 406 of the
Securities Act of 1933, as amended. The complete Exhibit, including the portions for which confidential treatment has been
requested, has been filed separately with the Securities and Exchange Commission.