Document:

EX-10.5

 Exhibit 10.5 
  

 
  
 Foxtel Management Pty Limited 

Each person named in Schedule 1 
 Commonwealth Bank of
Australia 
 Deed of Amendment (2019) 
 (Multi-Option
Facility Agreement) 
  
 The Allens contact for this document is Alan Maxton 

Allens 
 Deutsche Bank Place 

Corner Hunter and Phillip Streets 
 Sydney NSW 2000

 T +61 2 9230 4000 
 F +61 2 9230 5333 

www.allens.com.au 
 © Allens, Australia 2019
 

			
	Deed of Amendment	  	

  

							
	 Contents

 
	  			
	1        	  	Definitions and Interpretation	  	 	2	 
			
		  	1.1         Definitions	  	 	2	 
			
		  	1.2         Interpretation	  	 	2	 
			
	2	  	Amendment of MOFA	  	 	2	 
			
	3	  	Conditions Precedent	  	 	2	 
			
	4	  	Finance Document	  	 	3	 
			
	5	  	Amendments not to effect validity, rights, obligations	  	 	3	 
			
	6	  	Affirmation	  	 	3	 
			
	7	  	Severability of Provisions	  	 	3	 
			
	8	  	Governing Law and Jurisdiction	  	 	3	 
			
	9	  	Counterparts	  	 	4	 
		
	 Schedule 1
	  	 	5	 
			
		  	Original Borrowers	  	 	5	 
		
	 Schedule 2
	  	 	6	 
			
		  	Amended MOFA	  	 	6	 

  

			
	  
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	Deed of Amendment	  	

  

  

			
	This Deed is made on	  	15 November 2019

 Parties 
  

	1	 Foxtel Management Pty Limited (ABN 65 068 671 9389) of 5 Thomas Holt Drive, North Ryde, NSW, 2113 in its own
capacity (Foxtel); 

  

	2	 Each person named in Schedule 1 (each an Original Borrower); and 

 

	3	 Commonwealth Bank of Australia (ABN 48 123 123 124) of Darling Park, Tower 1, Level 21, 201 Sussex Street,
Sydney NSW 2000 (the Lender).  

 Recitals 
  

	A	 The Original Borrowers and the Lender are party to a multi-option facility agreement dated 30 June 2017 (as amended
from time to time) (the Multi-Option Facility Agreement). 

  

	B	 The parties wish to amend the Multi-Option Facility Agreement in the manner, and subject to the terms and conditions, set
out in this Deed. 

 It is agreed as follows. 
  

	1	 Definitions and Interpretation 

 

	1.1	 Definitions 

Definitions in the Amended MOFA (including by incorporation) apply in this Deed unless the context requires otherwise or the relevant term is defined in
this Deed and the following definitions apply unless the context requires otherwise. 
 Amended MOFA means the Multi-Option Facility
Agreement as amended in the manner set out in Schedule 2. 
 Deed of Amendment (CTDP) means the Deed of Amendment (Common Terms
Deed Poll) dated on or about the date of this Deed between Foxtel and others.  
 Effective Date means the later of the
date of this Deed and the date on which the Lender confirms receipt of the documents and payment referred to in clause 3 in form and substance satisfactory to it. 
  

	1.2	 Interpretation 

Clauses 1.3 (Currency symbols and definitions), 1.4 (Common Terms Deed Poll) and 1.5 (Multiple parties) of the
Amended MOFA apply as if incorporated in this Deed. 
  

	2	 Amendment of MOFA 

With effect from the Effective Date, the MOFA is amended in the manner set out in Schedule 2. 

 

	3	 Conditions Precedent 

Foxtel will arrange for the Lender to be provided with: 
  

	 	(a)	 copies of the following documents: 

 

	 	(i)	 (Deed of Amendment) duly executed counterpart of this Deed; 

  

			
	  
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	Deed of Amendment	  	

  

	 	(ii)	 (Lawyers’ Opinions) legal opinion of Allens, Australian legal advisers to the Original Borrowers, in
respect of this Deed; and 

  

	 	(iii)	 (Effective Date) evidence that the Effective Date (as defined in the Deed of Amendment (CTDP)) has
occurred; and 

  

	 	(b)	 payment of a fee of A$240,000. 

 

	4	 Finance Document 

This Deed is a MOF Finance Document for the purposes of the Amended MOFA and a Finance Document for the purposes of the Common Terms Deed Poll. 

 

	5	 Amendments not to effect validity, rights, obligations 

 

	 	(a)	 The amendments in clause 2 do not affect the validity or enforceability of the Multi-Option Facility Agreement and except
as specifically amended by this Deed, the provisions of the Multi-Option Facility Agreement remain in full force and effect. 

  

	 	(b)	 Nothing in this Deed: 

  

	 	(i)	 prejudices or adversely affects any right, power, authority, discretion or remedy arising under the Multi-Option Facility
Agreement before the amendments in clause 2 take effect; or 

  

	 	(ii)	 discharges, releases or otherwise affects any liability or obligation arising under the Multi-Option Facility Agreement
before the amendments in clause 2 take effect. 

  

	6	 Affirmation 

  

	 	(a)	 Each Original Borrower represents and warrants on the date of this Deed that all its representations and warranties in
clause 4 of the Amended CTDP (as defined in the Deed of Amendment (CTDP)) are true as though they had been made on that date in respect of the facts and circumstances then subsisting. 

 

	 	(b)	 Each Original Borrower represents and warrants on the date of this Deed that no Event of Default or Potential Event of
Default subsists. 

  

	 	(c)	 Each Original Borrower acknowledges that the Lender is relying on this Deed (and on the representations and warranties in
this clause 6) in continuing to provide financial accommodation to each Original Borrower and in consenting to the amendments in clause 2. 

  

	7	 Severability of Provisions 

Any provision of this Deed which is prohibited or unenforceable in any jurisdiction is ineffective as to that jurisdiction to the extent of the
prohibition or unenforceability. That does not invalidate the remaining provisions of this Deed nor affect the validity or enforceability of that provision in any other jurisdiction. 

 

	8	 Governing Law and Jurisdiction 

This Deed is governed by the laws of New South Wales. Each party submits to the non-exclusive jurisdiction of
courts exercising jurisdiction there. 

  

			
	  
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	Deed of Amendment	  	

  

	9	 Counterparts 

This Deed may be executed in any number of counterparts, each executed by one or more parties. A party may do this by executing and electronically
transmitting a copy to one or more others or their representative. 

  

			
	  
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	Deed of Amendment	  	

  

  

	Schedule	 1 

Original Borrowers 
  

							
	Name	  	ABN/ACN/ARBN  	  	Address and Notice details
	Foxtel Management Pty
Limited	  	65 068 671 938	  	 Address:
  

 
 Attention:
  

Facsimile:
	 	  

5 Thomas Holt Drive,
North Ryde NSW 2113
  

Chief Operating Officer
  

(02) 9813 7606
  

	 Austar Entertainment Pty
Limited

 
	  	 068 104 530
  
	  	 As above
  
	 	 
	 Austar United
Communications Pty
Limited

 
	  	 087 695 707
  
	  	 As above
  
	 	 
	 Customer Services Pty
Limited

 
	  	 069 272 117
  
	  	 As above
  
	 	 
	 Foxtel Finance Pty Limited

 
	  	 151 691 897
  
	  	 As above
  
	 	 
	 Foxtel Australia Pty
Limited

 
	  	 151 691 753
  
	  	 As above
  
	 	 
	 XYZnetworks Pty Limited

 
	  	 066 812 119
  
	  	 As above
  
	 	 

  

			
	  
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	Deed of Amendment	  	

  

 Schedule 2 
 Amended MOFA

  

			
	  
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 CONTENTS 
  

							
	CLAUSE	  	PAGE	 
		
	 PART A FACILITY PARTICULARS
	  	 	1	 
		
	 PART B GENERAL TERMS
	  	 	7	 
			
	1.	  	 DEFINITIONS AND INTERPRETATION
	  	 	7	 
			
	2.	  	 FACILITIES
	  	 	11	 
			
	3.	  	 CONDITIONS OF UTILISATION
	  	 	11	 
			
	4.	  	 UTILISATION
	  	 	12	 
			
	5.	  	 REPAYMENT, PREPAYMENT AND CANCELLATION
	  	 	13	 
			
	6.	  	 INTEREST
	  	 	14	 
			
	7.	  	 FEES
	  	 	14	 
			
	8.	  	 REPRESENTATIONS AND WARRANTIES
	  	 	14	 
			
	9.	  	 ACCELERATION
	  	 	14	 
			
	10.	  	 ASSIGNMENTS
	  	 	15	 
			
	11.	  	 CHANGES TO THE BORROWERS
	  	 	15	 
			
	12.	  	 COUNTERPARTS
	  	 	16	 
			
	13.	  	 INDEMNITIES AND REIMBURSEMENT
	  	 	17	 
			
	14.	  	 GOVERNING LAW
	  	 	17	 
			
	15.	  	 VARIATION
	  	 	17	 
			
	16.	  	 ATTORNEYS
	  	 	17	 
			
	17.	  	 ENTIRE AGREEMENT
	  	 	17	 
			
	18.	  	 ENFORCEMENT
	  	 	17	 
		
	 Schedule
	  			
			
	1	  	 Conditions precedent
	  	 	19	 
			
	2	  	 Utilisation Request
	  	 	21	 
			
	3	  	 Reallocation Request
	  	 	23	 
			
	4	  	 Form of Accession Letter
	  	 	24	 
			
	5	  	 Form of Resignation Letter
	  	 	25	 
		
	 PART C - ANNEXURES
	  			
		
	 Annexure
	  			
			
	A	  	 Cash Advance Facility
	  			
			
	B	  	 Bank Guarantee Facility
	  			
			
	C	  	 Corporate Card Facility
	  			
			
	D	  	 Group Limit Facility
	  			

 PART A FACILITY PARTICULARS 

Part 1 
  

			
	 
	
Document details
  

	 	 
	Date	  	 
	 	 
	Original Borrowers    	  	 Foxtel Management Pty Limited (ABN 65 068 671 938) of
5 Thomas Holt Drive, North Ryde, NSW 2113 in its own capacity; 
  
 Austar Entertainment
Pty Limited (ACN 068 104 530) of 5 Thomas Holt Drive, North Ryde, NSW 2113; 
  

Austar United Communications Pty Limited (ACN 087 695 707) of 5 Thomas Holt Drive, North Ryde, NSW 2113; 

 
 Customer Services Pty Limited (ACN 069 272 117) of 5 Thomas Holt Drive, North Ryde, NSW
2113;
  
 Foxtel Finance Pty Limited (ACN 151 691 897) of 5 Thomas Holt Drive, North Ryde,
NSW 2113; 
  
 Foxtel Australia Pty Limited (ACN 151 691 753) of 5 Thomas Holt Drive,
North Ryde, NSW 2113; and 
  
 XYZnetworks Pty Limited (ACN 066 812 119) of 5 Thomas
Holt Drive, North Ryde, NSW 2113.
  

	 	 
	Original Lender	  	 Commonwealth Bank of Australia ABN 48 123 123 124

 
 Address for service of communications: 

 
 Address: Level 22, Darling Park Tower 1, 201 Sussex Street Sydney NSW 2000 

Attention: Luke Statos 
  

Phone: +61 2 9118 4144 
  

Email: luke.statos@cba.com.au
  

with a copy to: 
  

Address: Level 21, Darling Park Tower 1 201 Sussex Street Sydney NSW 2000 

Attention: Loan Management Group 
 Phone: +61 1300 881 394

 Email: IBLending@cba.com.au
  

Facility Office: Level 21, Darling Park Tower 1 201 Sussex Street Sydney NSW 2000.

 

	 	 
	Company	  	 Foxtel Management Pty Limited (ABN 65 068 671 938) of
5 Thomas Holt Drive, North Ryde, NSW 2113 in its own capacity
  

	 	 
	 Base Currency

 
	  	 AUD

 

  
 1 

			
	 	 
	Common Terms    
Deed Poll	  	 the common terms deed poll dated 10 April 2012 (as
amended or amended and restated from time to time) given by Foxtel Management Pty Limited, the parties in Schedule 1 to that document and others in favour of the Finance Parties (as defined therein)

 

  
 2 

 Part 2 
  

					
	 
	
Limits

 

	 	 
	
Total Accommodation Limit

 
	  	 $40,000,000

 

  

							
	 	 	 	 
	
Facilities

 
	  	
Facility
Accommodation
Limit

 
	  	 Availability
Period
  
	  	
Available
currencies

 

	 	 	 	 
	Cash Advance Facility *	  	$16,500,000	  	 The period commencing on 30 June 2017 and ending on the earlier of the
Termination Date and the date on which the commitment is cancelled pursuant to this document.
  
	  	AUD
	 	 	 	 
	Bank Guarantee Facility *	  	$15,000,000	  	 The period commencing on 30 June 2017 and ending on the earlier of the
Termination Date and the date on which the commitment is cancelled pursuant to this document.
  
	  	AUD
	 	 	 	 
	Corporate Card Facility *	  	$3,500,000	  	 Repayable and cancellable on demand as specified in the Facility Annexure.

 
	  	AUD
	 	 	 	 
	Group Limit Facility *	  	$5,000,000	  	 Repayable and cancellable on demand as specified in the Facility Annexure.

 
	  	AUD

  

	*	 Limits on these Facilities (“Multi-Option Facilities”) may be re-allocated in accordance with clause 2.3 (Reallocation). 

  
 3 

 Part 3 
  

			
	 
	
Facility pricing

 

	 	 
	Commitment fee	  	 45% of the applicable Margin per annum that would apply in
relation to a Loan on that date payable on the daily amount of the Total Accommodation Limit which is undrawn. The commitment fee is payable quarterly in arrears on the last Business Day of each calendar quarter and on the last day of the
Availability Period.
  

	 	 
	Establishment fee	  	 $300,000.

 
 The establishment fee is payable within 2 Business Days of 30 June 2017.

 

	 	 
	Cash Advance Facility	  	 Bank Bill Rate plus the applicable Margin for the applicable
Interest Period.
  

	 	 
	Bank Guarantee Facility	  	 A Bank Guarantee issuance fee of 1.10% per annum on the face
amount of each Bank Guarantee.
  
 The issuance fee is payable in arrears on the last Business Day
of each calendar quarter and on the last day of the Availability Period.
  

	 	 
	Corporate Card Facility	  	 Market rates on all Accommodation provided under the
Corporate Card Facility as advised by the Lender from time to time, payable as advised by the Lender from time to time.
  

	 	 
	Group Limit Facility	  	 Refer to Part 4 of the Facilities Particulars.

 

  
 4 

 Part 4 
  

					
	 
	
Group Limit Facility details*
  

	 	 	 
	
  Accounts            

 
	  	 Account name

 
	  	 Account number

 

	 	 	 
	 	  	 AUSTAR ENTERTAINMENT PTY LIMITED

 
	  	 200011398313

 

	 	 	 
	 	  	 CUSTOMER SERVICES PTY LIMITED

 
	  	 400010659274

 

	 	 	 
	 	  	 AUSTAR ENTERTAINMENT PTY LIMITED

 
	  	 200011461773

 

	 	 	 
	 	  	 AUSTAR UNITED COMMUNICATIONS LIMITED

 
	  	 200011398321

 

	 	 	 
	 	  	 AUSTAR ENTERTAINMENT PTY LIMITED

 
	  	 200011398305

 

	 	 	 
	 	  	 CUSTOMER SERVICES PTY LIMITED

 
	  	 314710223307

 

	 	 	 
	 	  	 FOXTEL FINANCE PTY LIMITED

 
	  	 200014452215

 

	 	 	 
	 	  	 FOXTEL AUSTRALIA PTY LIMITED

 
	  	 200014533162

 

	 	 	 
	 	  	 FOXTEL MANAGEMENT PTY LIMITED

 
	  	 400010659223

 

	 	 	 
	 	  	 FOXTEL MANAGEMENT PTY LIMITED

 
	  	 400010659266

 

	 	 	 
	 	  	 FOXTEL MANAGEMENT PTY LIMITED

 
	  	 400010659952

 

	 	 	 
	 	  	 XYZNETWORKS PTY LIMITED

 
	  	 202010106146

 

	 	 	 
	 	  	 FOXTEL MANAGEMENT PTY LIMITED

 
	  	 200015984002

 

	 	 	 
	 	  	 AUSTAR ENTERTAINMENT PTY LIMITED

 
	  	 200013503316

 

	 	 	 
	 	  	 FOXTEL MANAGEMENT PTY LIMITED

 
	  	 200010690937

 

	 	 	 
	 	  	 AUSTAR ENTERTAINMENT PTY LIMITED RECEIPTS ACCOUNT

 
	  	 200011398292

 

	 	 	 
	 	  	 AUSTAR ENTERTAINMENT PTY LIMITED – CUSTOMER RECEIPTSACCOUNT2

 
	  	 200013866010

 

	 	 	 
	 	  	 Austar – Operating Account

 
	  	 200015338414

 

	 	 
	Cap Limit  
	  	 $20,000,000

 

  
 5 

			
	 
	
Group Limit Facility details*
  

	 	 
	Group Limit	  	 Overdraft Limit: $5,000,000.00

 
 The Facility Accommodation Limit for the Group Limit Facility

 

	 	 
	Debit Interest
Margin	  	 Facility Limits

 
 Balance within Overdraft Limit: 0 - $5,000,000.00

 

●   The Bank’s Corporate Overdraft Reference Rate
(presently: 8.71% p.a.) less 5.1%
  

	 	 
	Excess Debit
Interest Margin	  	 Balance in excess of Overdraft Limit: $5,000,000.00 +

 

●   The Bank’s Corporate Overdraft Reference Rate
(presently: 8.71% p.a.)
  

	 	 
	Interest on Credit
Balances	  	 Flat Rate on all Credit Balances

 

●   RBA Target Cash Rate (presently: 1.5% p.a.) less
0.10%
  

	 	 
	Nominated
Account	  	 064000 10659223

 

	 	 
	Arrangement ID	  	 100067220

 

	 	 
	Fees	  	 Market rates on Accommodation provided under the Group Limit
Facility as advised by the Lender from time to time, payable as advised by the Lender from time to time.
  

	 	 
	 	  	 Overdraft Line Fee: Waived

 

 * The Accounts, Debit Interest Margin,
Excess Debit Interest Margin and the Interest on Credit Balances are true and correct on the date of this document. Each of these may change from time to time with the prior written agreement between the Lender and the Company. 

  
 6 

 PART B GENERAL TERMS 
  

	1.	 DEFINITIONS AND INTERPRETATION 

 

	1.1	 Definitions 

In this document, the following terms have the following meanings unless a contrary intention appears: 

Accession Letter means in relation to an Additional Borrower, a document substantially in the form set out in Schedule 4. 

Accommodation means any financial accommodation provided or to be provided by the Lender under this document. 

Accommodation Particulars has, in respect of a Facility, the meaning given to that term in the Facility Annexure (if any). 

Additional Borrower means a company which becomes an Additional Borrower in accordance with clause 11 (Changes to the Borrowers).

 Applicable Facility Conditions has, in respect of a Facility, the meaning (if any) given to that term in the relevant Facility Annexure. If
the term is not defined in a Facility Annexure, there are no Applicable Facility Conditions for the relevant Facility. 
 Authorised Officer
means: 
  

	 	(a)	 in respect of a Borrower, any person holding any position from time to time nominated as an Authorised Officer by that
Borrower by notice to the Lender, which notice must be accompanied by certified copies of the signatures of all new persons so appointed and any other such identification or verification documents required by the Lender, and if no such notice is
given, means any person who is an “officer” of that Borrower within the meaning given in the Corporations Act; and 

  

	 	(b)	 in respect of the Lender, any person whose title of office is or includes the word “Director”, “Managing
Director”, “Head”, “Executive”, “Manager” or “Vice President” (including any person acting in any of those offices) and any other person appointed by the Lender to act as its authorised officer for the
purposes of the MOFA Documents. 

 Availability Period means, for a Facility, the period specified in Part 2 of the
Facility Particulars for that Facility (unless the Facility Accommodation Limit for that Facility is cancelled in full or permanently reduced to zero under this document). 

Bank Guarantee means any of the following in a form requested by a Borrower and agreed by the Lender: 

 

	 	(a)	 a letter of credit; and 

  

	 	(b)	 a guarantee, indemnity or other instrument, 

and includes a bank guarantee, performance bond or a standby letter of credit. 

Base Currency means the currency specified as the Base Currency in Part 1 of the Facility Particulars. 

  
 7 

 Borrower means an Original Borrower or an Additional Borrower unless it has ceased to be a
Borrower in accordance with clause 11 (Changes to the Borrowers). 
 Break Costs means the amount determined by the Lender
as being incurred by reason of the liquidation or re-employment of deposits or other funds acquired or contracted for, or allocated by the Lender to fund or maintain its commitments under this document or the
termination or repricing of any interest rate or currency swap or other hedging arrangement (including an internal arrangement) entered into by the Lender in connection with the liquidation or re-employment of
those deposits or other funds. 
 Deed of Amendment means the document so entitled between the parties to this document dated on or
around     15     November 2019. 
 Facility means each facility specified in Part 2 of
the Facility Particulars. 
 Facility Accommodation Limit means in respect of a Facility, the amount set opposite that Facility in Part 2 of the
Facility Particulars as reduced cancelled or varied in accordance with this document. 
 Facility Annexure means, in respect of a Facility, the
annexure relating to that Facility which forms part of this document. 
 Facility Conditions Precedent has, in respect of a Facility, the
meaning given to that term in the Facility Annexure.  
 Facility Documentation means any agreement, deed, schedule, order form, account
authority, signature card or other document relating to a Facility, and includes any Applicable Facility Conditions relating to that Facility. 

Facility Office means the Facility Office specified in Part 1 of the Facility Particulars. 

Facility Particulars means the facility particulars set out at the front of this document immediately after the table of contents. 

Lender means: 
  

	 	(a)	 the Original Lender; and 

  

	 	(b)	 any bank, financial institution, trust, fund or other entity which has become a party in accordance with clause 10.2
(Assignment by the Lender), 

 which in each case has not ceased to be a party in accordance with the terms of
this document. 
 Margin will be determined by reference to the table below based on the Net Debt to EBITDA Ratio of the NXEA Group as shown in
the most recent Compliance Certificate delivered under clause 5.1 of the Common Terms Deed Poll as at the most recent Calculation Date.  
  

					
	  
 Net Debt to
EBITDA
  
	  	  

Margin
  
	  	 
	 	 	
	
£1.5

 
	  	 2.00% p.a.

 
	  	
	 	 	
	
above 1.5 but £ 2.0

 
	  	 2.50% p.a.

 
	  	
	 	 	
	
above 2.0 but £ 2.5

 
	  	 2.75% p.a.

 
	  	
	 	 	
	
above 2.5 but £ 3.0

 
	  	 3.00% p.a.

 
	  	

  
 8 

					
	  
 Net Debt to
EBITDA
  
	 	  

Margin           

 
	  	 
	 	 	
	
above 3.0 but £ 3.5

 
	 	 3.25% p.a.    

 
	  	
	 	 	
	
above 3.5
  
	 	 3.75% p.a.    

 
	  	

 Master Agreement means this document excluding each Facility Annexure but including the Facility Particulars
and each schedule. 
 MOF Finance Document means: 
  

	 	(a)	 this document; 

  

	 	(b)	 any Swap Agreement to which the Lender is a counterparty; 

 

	 	(c)	 any Accession Letter; 

  

	 	(d)	 any Resignation Letter; 

  

	 	(e)	 any Facility Documentation; 

  

	 	(f)	 the Common Terms Deed Poll; 

  

	 	(g)	 any Guarantee Assumption Deed Poll; 

 

	 	(h)	 any Subordination Deed; 

  

	 	(i)	 the Deed of Amendment; or 

  

	 	(j)	 any other document designated in writing as such by the Lender and a Borrower. 

Money Owing means all amounts actually or contingently owing under this document and each other MOF Finance Document, including accrued but unpaid
interest and fees. 
 Multi-Option Facility has the meaning given to that term in Part 2 of the Facility Particulars. 

Outstanding Accommodation has, in respect of a Facility, the meaning given to that term in the Facility Annexure. 

Overdue Rate has, in respect of a Facility, the meaning given to that term in the Facility Annexure. 

Reallocation Request means a notice substantially in the form set out in Schedule 3 and given in accordance with clause 2.3 (Reallocation).

 Reference Rate means the rate described as the Lender’s corporate overdraft reference rate, as amended and published by the Lender from
time to time or, if there is no such rate, any substitute or replacement rate published by the Lender from time to time. 
 Resignation Letter
means a letter substantially in the form set out in Schedule 5. 
 Termination Date means, for a Facility, the date which is three years from
the ‘Effective Date’ (as defined in the Deed of Amendment) or any earlier date on which the Facility is terminated or cancelled in accordance with this document or on which all the Money Owing becomes due and payable under this document.

  
 9 

 Total Accommodation Limit means the amount specified in Part 2 of the Facility Particulars being
the aggregate Facility Accommodation Limits, as reduced, cancelled or varied in accordance with this document. 
 Utilisation has, in respect of
a Facility, the meaning given to that term in the Facility Annexure for that Facility. 
 Utilisation Date means the date on which Accommodation
is or is to be provided under a Facility and includes any date on which Accommodation is or is to be replaced, rolled over or renewed. 

Utilisation Request means a notice substantially in the form set out Schedule 2 and given in accordance with clause 4 (Utilisation). 

 

	1.2	 Further definitions 

  

	 	(a)	 Terms defined in the Facility Particulars, in a Facility Annexure or in a schedule to this document have the same meaning
in the rest of this document unless defined elsewhere or a contrary intention appears. 

  

	 	(b)	 Terms defined in the Common Terms Deed Poll apply in this document unless a contrary intention appears or the relevant
term is defined in this document. 

  

	1.3	 Currency symbols and definitions 

A$, AUD and Australian dollars denote the lawful currency of Australia. 

 

	1.4	 Common Terms Deed Poll 

  

	 	(a)	 This document and the rights and obligations of the parties to it are subject to the terms and conditions of the Common
Terms Deed Poll which are deemed to be incorporated in full into this document as if expressly set out in this document (with the necessary changes). 

  

	 	(b)	 Each MOF Finance Document is a Finance Document for the purposes of the Common Terms Deed Poll.

  

	 	(c)	 If the Common Terms Deed Poll is terminated without the consent of the Lender, references in this document to the Common
Terms Deed Poll are references to that document in the form immediately before its termination. 

  

	1.5	 Multiple parties 

If a party to this document is made up of more than one person, or a term is used in this document to refer to more than one party, then unless otherwise
specified in this document:  
  

	 	(a)	 an obligation of those persons is joint and several; 

 

	 	(b)	 a right of those persons is held by each of them severally; and 

 

	 	(c)	 any other reference to that party or that term is a reference to each of those persons separately, so that (for example) a
representation, warranty or undertaking relates to each of them separately. 

  
 10 

	2.	 FACILITIES 

  

	2.1	 Availability 

  

	 	(a)	 Subject to the terms of this document the Lender agrees to make available to the Borrowers each Facility during its
Availability Period in the Base Currency, up to its Facility Accommodation Limit, on the terms set out in this document, including the relevant Facility Annexure. 

 

	 	(b)	 On the Termination Date for a Facility the Facility Accommodation Limit for that Facility is cancelled and reduced to
zero. 

  

	2.2	 Purpose 

  

	 	(a)	 Unless otherwise agreed by the Lender, each Borrower must apply a Utilisation under a Facility for working capital and
corporate requirements of the NXEA Group. 

  

	 	(b)	 The Lender is not bound to monitor or verify the application of a Utilisation pursuant to this document.

  

	2.3	 Reallocation 

  

	 	(a)	 A Borrower may by notice in writing to the Lender request that the Facility Accommodation Limit of any Multi-Option
Facility be transferred to the Facility Accommodation Limit of another Multi-Option Facility by providing to the Lender a Reallocation Request in the form of Schedule 3 of this document. 

 

	 	(b)	 If the Lender consents to any such request, then the Lender shall produce a new Part 2 of the Facility Particulars
reflecting such adjustments and provide a copy to the Borrowers. 

  

	 	(c)	 Despite any other provision of this document, the Lender must consent to any request by a Borrower to increase the
Facility Accommodation Limit of any other Multi-Option Facility if the Lender exercises its rights to cancel its obligation to provide any further Accommodation under the Corporate Card Facility or the Group Limit Facility. Any such increase in a
Facility Accommodation Limit will not exceed the amount of the Facility Accommodation Limit under the Corporate Card Facility or the Group Limit Facility cancelled by the Lender. 

 

	3.	 CONDITIONS OF UTILISATION 

 

	3.1	 Initial conditions precedent 

No Borrower may deliver a Utilisation Request, or utilise any Accommodation under this document, unless the Lender has received all of the documents and
evidence listed in Part I of Schedule 1 in form and substance satisfactory to the Lender. 
  

	3.2	 Further conditions precedent 

The Lender will only be obliged to comply with clause 4.3 (Provision of Utilisation) if: 

 

	 	(a)	 on the date of the Utilisation Request (if applicable) and on the proposed Utilisation Date: 

 

	 	(i)	 no Event of Default or Potential Event of Default is continuing or would result from the proposed Utilisation; and

  

	 	(ii)	 each representation and warranty given under a Finance Document (other than the representation and warranty in clause
4.1(m) if the Common Terms Deed 

  
 11 

	 	 
Poll) is true and correct in all material respects, and is not misleading in any material respect as though they had been made in respect of the facts and circumstances then subsisting;

  

	 	(b)	 in respect of the Facility to which the proposed Utilisation and the Utilisation Request (if applicable) relates:

  

	 	(i)	 the Outstanding Accommodation at any time will not exceed the Facility Accommodation Limit; and 

 

	 	(ii)	 any Facility Conditions Precedent have been provided or complied with, in each case in form and substance satisfactory to
the Lender; 

  

	 	(c)	 in respect of any Utilisation under a Facility, the aggregate of the Outstanding Accommodation under each Facility will
not exceed the Total Accommodation Limit; and 

  

	 	(d)	 the proposed Utilisation Date in relation to the Utilisation is a Business Day within the Availability Period for the
Facility. 

  

	4.	 UTILISATION  

  

	4.1	 Delivery of a Utilisation Request  

A Borrower may request a Utilisation under a Facility which requires a Utilisation Request by delivering the Utilisation Request to the Lender. For a
Facility where the Facility Annexure specifies that no Utilisation Request is required, the Lender will provide Utilisations subject to the terms of the Facility Annexure. 
  

	4.2	 Completion of Utilisation Request  

Subject to any contrary provision in the relevant Facility Annexure, each Utilisation Request is irrevocable and will not be regarded as having been duly
completed unless it: 
  

	 	(a)	 is delivered no later than 10.00am local time in the city of the Lender’s Facility Office, two Business Days before
the proposed Utilisation Date (or at any later time and date as the Lender may agree); 

  

	 	(b)	 specifies: 

  

	 	(i)	 the Facility to be utilised; 

  

	 	(ii)	 the proposed Utilisation Date (which must be a Business Day within the relevant Availability Period for the Facility);

  

	 	(iii)	 the Accommodation Particulars; 

 

	 	(iv)	 where relevant, the bank account or accounts to which payment is to be made; 

 

	 	(c)	 is signed by an Authorised Officer of the relevant Borrower; and 

 

	 	(d)	 is substantially in the form set out in Schedule 2 (Utilisation Request). 

 

	4.3	 Provision of Utilisation  

If the conditions set out in this document have been met, and subject to the provisions of the relevant Facility Annexure, the Lender shall make the
Utilisation requested in the relevant Utilisation Request available by the Utilisation Date through its Facility Office. 

  
 12 

	5.	 REPAYMENT, PREPAYMENT AND CANCELLATION  

 

	5.1	 Repayment  

  

	 	(a)	 On the Termination Date for a Facility each Borrower to which a Utilisation in respect of that Facility has been made must
pay to the Lender: 

  

	 	(i)	 all of the Outstanding Accommodation under the relevant Facility, together with all Money Owing in respect of that
Facility; and 

  

	 	(ii)	 all other amounts specified in this document as being payable on the Termination Date for that Facility.

  

	 	(b)	 On the last Termination Date for any Facility each relevant Borrower must pay to the Lender all remaining Money Owing.

  

	5.2	 Mandatory prepayment  

If so required by the Lender, a Borrower must make such repayments to the Lender in respect of a Facility as are necessary to ensure that at all times
during the relevant Availability Period the Outstanding Accommodation will not exceed the Facility Accommodation Limit. 
  

	5.3	 Voluntary cancellation  

 

	 	(a)	 A Borrower may, if it gives the Lender not less than 5 Business Days’ prior notice (or such shorter period as the
Lender may agree), cancel the whole or any part (being a minimum amount of AUD1,000,000 and a whole multiple of AUD1,000,000, unless otherwise agreed by the Lender) of the Total Accommodation Limit. 

 

	 	(b)	 The Total Accommodation Limit may not be reduced below the aggregate Outstanding Accommodation under each Facility on the
date on which the cancellation is to take place. 

  

	 	(c)	 The Facility Accommodation Limit of each Facility will be reduced as agreed between a Borrower and the Lender.

  

	5.4	 Voluntary prepayment  

  

	 	(a)	 A Borrower to which a Utilisation has been made may, if it gives the Lender not less than 5 Business Days’ prior
notice (or such shorter period as the Lender may agree), prepay all or part of the aggregate Outstanding Accommodation under each Facility. 

  

	 	(b)	 The prepaid amount must be a minimum of AUD1,000,000 and a whole multiple of AUD1,000,000, unless otherwise agreed by the
Lender. When a Borrower prepays any amount it must pay all interest accrued on that amount and, in the case of a Utilisation of the Cash Advance Facility, any Break Costs arising as consequence of the prepayment other than on the last day of its
Interest Period. 

  

	 	(c)	 Any Accommodation prepaid will, during the Availability Period, be available to the relevant Borrower by way of fresh
Utilisations. 

  
 13 

	6.	 INTEREST  

  

	6.1	 Interest  

The Borrowers must pay interest on each Utilisation if required by, and in the amount, at the time and in the manner set out in, the Facility Annexure
for the relevant Facility or in any Facility Documentation. 
  

	6.2	 Default interest  

If a Borrower fails to pay any amount payable by it under this document on its due date, then that Borrower must pay, on demand or at any time notified
by the Lender, interest on that overdue amount from the due date up to the date of actual payment, calculated on daily balances and compounded monthly, both before and (as an independent obligation) after any judgment or order: 

 

	 	(a)	 where the overdue amount is payable under or in respect of a Facility, and the Facility Annexure refers to an Overdue Rate
for that Facility, at that Overdue Rate; 

  

	 	(b)	 where the overdue amount is payable under or in respect of a Facility, and any Facility Documentation refers to an overdue
rate for that Facility, at that overdue rate; or 

  

	 	(c)	 in any other case, at the rate determined by the Lender to be 2% per annum above the Reference Rate.

  

	6.3	 Notification of rates of interest  

The Lender shall promptly notify the relevant Borrower of the determination of a rate of interest under this document. 

 

	7.	 FEES  

  

	7.1	 Fees  

The Borrowers must pay to the Lender: 
  

	 	(a)	 the fees in the amount, at the time and in the manner set out in Part 3 of the Facility Particulars; and

  

	 	(b)	 any other fees set out in Facility Documentation, at the time and in the manner set out in such Facility Documentation.

  

	7.2	 Non-refundable  

All fees payable under this document are non-refundable and
non-rebateable. 
  

	8.	 REPRESENTATIONS AND WARRANTIES  

Each Borrower makes the representations and warranties set out in clause 4.1 of the Common Terms Deed Poll for the benefit of the Lender on the date of
this document. 
  

	9.	 ACCELERATION  

On and at any time after the occurrence of an Event of Default which is continuing the Lender may, by notice to the Company: 

 

	 	(a)	 cancel the Facility Accommodation Limits whereupon they shall immediately be cancelled; and/or 

  
 14 

	 	(b)	 declare that all or part of the Money Owing be immediately due and payable, whereupon it shall become immediately due and
payable; and/or 

  

	 	(c)	 declare that cash cover in respect of each Bank Guarantee is immediately due and payable whereupon it shall become
immediately due and payable. 

  

	10.	 ASSIGNMENTS  

  

	10.1	 Assignments by a Borrower  

A Borrower may only assign or transfer any of its rights and obligations under this document with the prior written consent of the Lender. 

 

	10.2	 Assignment by the Lender  

The Lender may assign, create any interest in or otherwise deal with all or any of its rights under this document at any time if: 

 

	 	(a)	 any necessary prior Authorisation is obtained; 

 

	 	(b)	 one or more of the following applies: 

 

	 	(i)	 the transferee or assignee is a Related Body Corporate of the Lender; 

 

	 	(ii)	 the Borrowers consent to the proposed transfer or assignment (such consent not to be unreasonably withheld); or

  

	 	(iii)	 an Event of Default is continuing; and 

 

	 	(c)	 in the case of a transfer of obligations, the transfer is effected by a novation in form and substance reasonably
satisfactory to the Borrowers. 

  

	10.3	 Change of Facility Office  

The Lender may change its Facility Office if it first notifies and consults with the Borrowers. 

 

	10.4	 No increased costs  

Despite anything to the contrary in this document, if the Lender assigns its right under this document or changes it Facility Office, a Borrower will not
be required to pay any net increase in the total amount of costs, Taxes, fees or charges which is a direct result of the assignment or change and of which the Lender or its assignee was aware or ought reasonably to have been aware on the date of the
assignment of change. For this purpose only, a novation will be regarded as an assignment. 
  

	11.	 CHANGES TO THE BORROWERS  

 

	11.1	 Additional Borrowers  

  

	 	(a)	 Any Guarantor incorporated in Australia may become an Additional Borrower if the Lender has received the following in form
and substance satisfactory to it: 

  

	 	(i)	 a duly completed and executed Accession Letter; and 

 

	 	(ii)	 all of the documents and other evidence listed in Part II of Schedule 1 in relation to that Additional Borrower.

  
 15 

	 	(b)	 The Lender shall notify the Company promptly upon being satisfied that it has received (in form and substance satisfactory
to it) all the documents and other evidence listed clause 11.1(a). 

  

	11.2	 Resignation of a Borrower 

 

	 	(a)	 The Company may request that a Borrower (other than the Company) ceases to be a Borrower by delivering to the Lender a
Resignation Letter. 

  

	 	(b)	 The Lender shall accept a Resignation Letter and notify the Company of its acceptance if: 

 

	 	(i)	 no Event of Default or Potential Event of Default is continuing or would result from the acceptance of the Resignation
Letter (and the Company has confirmed this is the case); and 

  

	 	(ii)	 the relevant Borrower is under no actual or contingent obligations as a Borrower under any MOF Finance Documents,

 whereupon that company shall cease to be a Borrower and shall have no further rights or obligations under the MOF Finance
Documents. 
  

	11.3	 Anti-money laundering 

  

	 	(a)	 Each Borrower agrees that the Lender may delay, block or refuse to process any transaction without incurring any liability
if the Lender suspects that: 

  

	 	(i)	 the transaction may breach any laws or regulations in Australia or any other country binding on the Lender;

  

	 	(ii)	 the transaction involves any person (natural, corporate or governmental) in a manner that would breach economic and trade
sanctions imposed by Australia, the United States, the European Union or any country binding on the Lender; or 

  

	 	(iii)	 the transaction may directly or indirectly involve the proceeds of, or be applied for the purposes of, conduct which is
unlawful in Australia or any other country and the transaction would breach or cause the Lender to breach any laws or regulations binding on the Lender. 

  

	 	(b)	 Each Borrower must provide all information to the Lender which the Lender reasonably requires in order to manage its anti
money laundering, counter terrorism financing or economic and trade sanctions risk or to comply with any laws or regulations in Australia or any other country. Each Borrower agrees that the Lender may disclose any information concerning a Borrower
or any Transaction Party to any law enforcement, regulatory agency or court where and to the extent required by any such law or regulation or authority in Australia or elsewhere. 

 

	 	(c)	 Each Borrower declares and undertakes to the Lender that to the best of its knowledge, information and belief the
processing of any transaction by the Lender in accordance with that Borrower’s instructions will not breach any laws or regulations in Australia or any other country relevant to the transaction. 

 

	12.	 COUNTERPARTS 

This document may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a single copy
of this document. 

  
 16 

	13.	 INDEMNITIES AND REIMBURSEMENT  

All indemnities and reimbursement obligations (and any other payment obligations of a Borrower) in this document is continuing and
survives termination of this document, repayment of the Utilisations and cancellation or expiry of the Facility Accommodation Limits. 
  

	14.	 GOVERNING LAW  

This document is governed by the laws of New South Wales. 
  

	15.	 VARIATION  

A variation of any terms of this document must be in writing and signed by the parties (other than any variations permitted to be made by
the Lender under or in accordance with the Facility Annexures). 
  

	16.	 ATTORNEYS  

Each of the attorneys executing this document states that the attorney has no notice of the revocation of the power of attorney
appointing that attorney. 
  

	17.	 ENTIRE AGREEMENT  

To the extent permitted by law, in relation to their subject matter, the MOF Finance Documents:  

 

	 	(a)	 embody the entire understanding of the parties, and constitute the entire terms agreed by the parties; and

  

	 	(b)	 supersede any prior written or other agreement of the parties. 

 

	18.	 ENFORCEMENT  

  

	18.1	 Jurisdiction  

  

	 	(a)	 Each Borrower irrevocably and unconditionally submits to the non exclusive jurisdiction of the courts of New South
Wales. 

  

	 	(b)	 Each Borrower irrevocably and unconditionally waives any objection to the venue of any legal process on the basis that
the process has been brought in an inconvenient forum or those courts not having jurisdiction. 

  

	 	(c)	 Each Borrower irrevocably waives any immunity in respect of its obligations under this document that it may acquire
from the jurisdiction of any court or any legal process for any reason including the service of notice, attachment prior to judgment, attachment in aid of execution. 

 

	 	(d)	 The Lender may take proceedings with this document in any other court with jurisdiction or concurrent proceedings in
any number of jurisdictions. 

 This document has been entered into on the date stated in Part 1 of the Facility Particulars.

  
 17 

 EXECUTED as an agreement  

  
 18 

 SCHEDULE 1 

Conditions precedent 
 Part I 

Conditions Precedent To Initial Utilisation 
  

	1.	 Original Borrower  

  

	1.1	 A list of all Authorised Officers of the Original Borrowers, including specimen signatures of each such Authorised
Officer. 

  

	1.2	 All documents and other evidence reasonably requested by the Lender in order for the Lender to carry out all necessary
“know your customer” or other similar checks in relation to each Borrower and each of its Authorised Officers under all applicable laws and regulations where such information is not already available to the recipient.

  

	2.	 Legal opinions  

  

	2.1	 A legal opinion of the Company’s legal counsel. 

 

	3.	 Other documents and evidence  

 

	3.1	 Evidence that the fees, costs and expenses then due from an Original Borrower pursuant to the MOF Finance Documents
(including clause 7.1 (Fees)) have been paid or will be paid by the first Utilisation Date. 

  

	3.2	 An original of this document duly executed by all of the parties to it. 

 

	3.3	 A Finance Party Nomination Letter duly executed by Foxtel Management Pty Limited nominating the Lender a Financier
Representative and Financier and this document a Finance Document for the purposes of the Common Terms Deed Poll. 

  

	3.4	 A Senior Debt Nomination Letter (as that term is defined in the Subordination Deed) duly executed by Foxtel Management
Pty Limited nominating the Lender as a Senior Lender Representative and a Senior Lender, this document a Senior Debt Document and the Total Accommodation Limit a Senior Commitment for the purposes of the
Subordination Deed. 

 Part II 

Conditions Precedent Required To Be Delivered By An Additional Borrower 
  

	1.	 A list of all Authorised Officers of the Additional Borrower, including specimen signatures of each such Authorised
Officer. 

  

	2.	 A legal opinion of the Company’s legal counsel. 

 

	3.	 A certificate in relation to the Additional Borrower given by two directors or a director and company secretary of the
Additional Borrower substantially in the form of Schedule 6 of the Common Terms Deed Poll. 

  

	4.	 All documents and other evidence reasonably requested by the Lender in order for the Lender to carry out all necessary
“know your customer” or other similar checks in relation 

  
 19 

	 	 
to the Additional Borrower and each of its Authorised Officers under all applicable laws and regulations where such information is not already available to the recipient. 

  
 20 

 SCHEDULE 2 

Utilisation Request 
 From: [Borrower] 

To: Commonwealth Bank of Australia 
 Dated: 

Dear Sirs 
 Multi-Option Facility Agreement dated
[         ] (the Agreement) 
 Utilisation Request 

 

	1.	 We refer to the Agreement. This is a Utilisation Request. Terms defined in the Agreement have the same meaning in this
Utilisation Request unless given a different meaning in this Utilisation Request. 

  

	2.	 We request a Utilisation on the following terms: 

 

			
	 	 
	 Facility:

 
	  	 
	 	 
	 Proposed Utilisation
Date:

 
	  	 
	 	 
	 Accommodation
Particulars:

 
	  	As set out below
	 	 
	 Bank account(s) to

which payment is to
be made [if
relevant]:
  

 
	  	 

  

	3.	 The Accommodation Particulars for the requested Utilisation are as follows: 

[Cash Advance Facility. Delete the table below if the Utilisation Request does not relate to this Facility.] 

 

			
	 	 
	 Principal amount of Loan:

 
	  	 
	 	 
	 Term of Loan:

 
	  	 
	 	 
	 Loan will be used to repay
a
Loan maturing on the
Utilisation Date?
  
  
	  	Yes/No [delete one]

 [Bank Guarantee Facility. Delete the table below if the Utilisation Request does not relate to this Facility.] 

 

			
	 	 
	 Type of Bank Guarantee:

 
	 	 
	 	 
	 Beneficiary:

 
	 	 
	 	 
	 Face amount and currency:

 
	 	 

  
 21 

			
	 	 
	 Purpose:

 
	 	 
	 	 
	 Principal
Obligations:
  
	 	 
	 	 
	 Expiry date:

 
	 	 
	 	 
	 Jurisdiction under whose
laws the Bank Guarantee will be governed:
  
	 	 
	 	 
	 Form of Bank
Guarantee:
  
	 	 As attached to this Utilisation Request.

 

	 	 
	 Underlying
contract/agreement:
  
	 	 
	 	 
	 Delivery instructions
[if any]:
  
	 	 
	 	 
	 Other particulars
[if any]
  
	 	 

 [Other Facility: Set out Accommodation Particulars required to be specified, if any.] 

 

	4.	 We confirm that each condition specified in clause 3.2 (Further conditions precedent) is satisfied on the
date of this Utilisation Request[ except as described in the notice dated [          ] given to you, a copy of which is attached]. 

 

	5.	 This Utilisation Request is irrevocable. 

 

	
	Yours faithfully
	
	...................................................
	
	Authorised Officer for [Name of relevant Borrower]
	
	Name:
	
	Title:

  
 22 

 SCHEDULE 3 

Reallocation Request 
  

			
	From:	  	[Borrower]
		
	To:	  	Commonwealth Bank of Australia
		
	Dated:	  	
		
	Dear Sirs	  	

 Multi-Option Facility Agreement dated [         ] (the Agreement) 

Reallocation Request 
  

	1.	 We refer to the Agreement. This is a Reallocation Request. Terms defined in the Agreement have the same meaning in this
Reallocation Request unless given a different meaning in this Reallocation Request. 

  

	2.	 Pursuant to clause 2.3 (Reallocation) of the Agreement, we request that the Facility Accommodation Limits of the
Multi-Option Facilities be reallocated as follows: 

  

					
	 	 	
	 Facility

 
	  	 Facility Accommodation Limit

 
	  	 
	 	 	
	
Cash Advance Facility
  
	  	 $

 
	  	
	 	 	
	
Bank Guarantee Facility
  
	  	 $

 
	  	
	 	 	
	
Group Limit Facility
  
	  	 $

 
	  	
	 	 	
	
Corporate Card Facility
  
	  	 $

 
	  	

  

	3.	 We confirm that no Event of Default or Potential Event of Default is continuing or would result from the acceptance of
this request. 

  

	4.	 This Reallocation Request is irrevocable. 

 

	
	Yours faithfully
	
	 ..............................................

	
	Authorised Officer for [Name of relevant Borrower]
	
	Name:
	
	Title:

  
 23 

 SCHEDULE 4 

Form of Accession Letter 
  

			
	To:	  	Commonwealth Bank of Australia
		
	From:	  	[Subsidiary]
		
	Dated:	  	
		
	Dear Sirs	  	

 Foxtel Management Pty Limited – Multi-Option Facility Agreement 

dated [            ] (the Agreement) 

 

	5.	 We refer to the Agreement. This is an Accession Letter. Terms defined in the Agreement have the same meaning in this
Accession Letter unless given a different meaning in this Accession Letter. 

  

	6.	 [Subsidiary] agrees to become an Additional Borrower and to be bound by the terms of the Agreement as an
Additional Borrower pursuant to clause 11.1 (Additional Borrowers) of the Agreement. [Subsidiary] is a company duly incorporated under the laws of Australia. 

 

	7.	 [Subsidiary’s] administrative details are as follows: 

Address: 
 Fax No: 

Attention: 
  

	8.	 This Accession Letter is governed by New South Wales law. 

[Subsidiary] 

  
 24 

 SCHEDULE 5 

Form of Resignation Letter 
  

			
	To:	  	[Lender]
		
	From:	  	[resigning Borrower] and [a current Borrower]
		
	Dated:	  	
		
	Dear Sirs	  	

 Multi-Option Facility Agreement 

dated [            ] (the Agreement) 

 

	1.	 We refer to the Agreement. This is a Resignation Letter. Terms defined in the Agreement have the same meaning in this
Resignation Letter unless given a different meaning in this Resignation Letter. 

  

	2.	 Pursuant to clause 11.2 (Resignation of a Borrower), we request that [resigning Borrower] be released
from its obligations as a Borrower under the Agreement. 

  

	3.	 We confirm that no Event of Default or Potential Event of Default is continuing or would result from the acceptance of
this request. 

  

	4.	 This Resignation Letter is governed by the laws of New South Wales. 

 

					
	[Resigning Borrower]	  	[a current Borrower]	  	
			
	By:	  	By:	  	

  
 25 

 PART C - ANNEXURES 

ANNEXURE A 
 Cash Advance Facility 

 

	1.	 Definitions 

In this Facility Annexure the following terms have the following meanings, unless a contrary intention appears: 

Accommodation Particulars means the particulars required under clause 2 of this Facility Annexure to be specified in a Utilisation Request for the
Cash Advance Facility. 
 Applicable Rate means, in respect of an Interest Period, the rate per annum equal to the aggregate of the Bank Bill
Rate and the applicable Margin. 
 Bank Bill Rate means in relation to any Loan in Australian dollars: 

 

	 	(a)	 the applicable Screen Rate as of the Specified Time for Australian dollars and for a period equal in length to the
Interest Period of that Loan; or 

  

	 	(b)	 as otherwise determined pursuant to clause 5 (Unavailability of Screen Rate) of this Facility Annexure,

 and if, in either case, that rate is less than zero, the Bank Bill Rate shall be deemed to be zero.  

Cash Advance Facility means the facility under which the Lender agrees to provide Loans in Australian dollars up to the Facility Accommodation
Limit to the Borrowers as set out in this document. 
 Interest Period means, in relation to any Loan, a period equivalent to the term of that
Loan as specified in the Utilisation Request for that Loan. 
 Interpolated Screen Rate means, in relation to any Loan, the rate (rounded to the
same number of decimal places as the two relevant Screen Rates) which results from interpolating on a linear basis between: 
 (a) the applicable
Screen Rate for the longest period (for which that Screen Rate is available) which is less than the Interest Period of that Loan; and 
 (b) the
applicable Screen Rate for the shortest period (for which that Screen Rate is available) which exceeds the Interest Period of that Loan, 
 each as of
the Specified Time for Australian dollars. 
 Loan means the principal amount drawn or proposed to be drawn by a Borrower under a Utilisation
Request for the Cash Advance Facility or, as appropriate, the principal amount outstanding for the time being of that loan. 
 Maturity Date
means, in respect of a Loan, the last day of the term of that Loan as specified in the Utilisation Request for that Loan. 
 Outstanding
Accommodation means, on any day, the aggregate amount of all Loans provided by the Lender which are still outstanding or in respect of which the Lender has not been repaid that day. 

  
 26 

 
Overdue Rate means the rate equal to the aggregate of the Applicable Rate and 2.00% per annum. 

Screen Rate means: 
  

	 	(a)	 the Australian Bank Bill Swap Reference Rate (Bid) administered by ASX Benchmarks Pty Limited (or any other person
which takes over the administration of that rate) for the relevant period and displayed on page BBSY of the Thomson Reuters Screen (or any replacement Thomson Reuters page which displays that rate) or on the appropriate page of such other
information service which publishes that rate from time to time in place of Thomson Reuters. If such page or service ceases to be available, the Lender may specify another page or service displaying the relevant rate after consultation with the
Company; and 

  

	 	(b)	 if the rate described in sub-paragraph (a) above is not available, the sum
of: 

  

	 	(i)	 the Australian Bank Bill Swap Reference Rate administered by ASX Benchmarks Pty Limited (or any other person which
takes over the administration of that rate) for the relevant period and displayed on page BBSW of the Thomson Reuters Screen (or any replacement Thomson Reuters page which displays that rate) or on the appropriate page of such other information
service which publishes that rate from time to time in place of Thomson Reuters. If such page or service ceases to be available, the Lender may specify another page or service displaying the relevant rate after consultation with the Company; and

  

	 	(ii)	 0.05% per annum, 

for the purposes of determining the rate as at a time, any subsequent correction, recalculation or republication by the administrator
after that time shall be included. 
 Specified Time means, in relation to any period for which an interest rate is to be
determined, the first day of the relevant period as of 11:00 am Sydney time. 
 Utilisation means each utilisation of the Cash
Advance Facility as provided for in this Facility Annexure. 
 Capitalised terms or phrases which are used in this Facility Annexure
but not defined in this clause have the meanings given to them in the Master Agreement to which this Facility Annexure is attached. 
  

	2.	 Accommodation Particulars  

The Accommodation Particulars to be specified in the Utilisation Request are: 

 

	 	(a)	 the principal amount of each Loan, which must be a minimum of AUD1,000,000 and thereafter a whole multiple of
AUD1,000,000, unless otherwise agreed by the Lender; 

  

	 	(b)	 the term of each Loan, being one, two, three or six months (or such other term as the Lender may agree), the Maturity
Date of which must be a Business Day within the Availability Period; and 

  

	 	(c)	 whether the Loan is to be used for the purpose of repaying a Loan maturing on the Utilisation Date, in which case the
principal amount of the Loan must be equal to the principal amount of the maturing Loan. 

  
 27 

	3.	 Repayment of Loans  

  

	 	(a)	 Each Borrower which has drawn a Loan must repay that Loan on its Maturity Date, together with interest determined in
accordance with clause 4 (Interest) of this Facility Annexure. 

  

	 	(b)	 Without prejudice to each Borrower’s obligation under paragraph (a) above, if a Loan is to be made available
to a Borrower: 

  

	 	(i)	 on the same day that a maturing Loan is due to be repaid by that Borrower; and 

 

	 	(ii)	 for the purpose of refinancing the maturing Loan, 

the aggregate amount of the new Loan shall be treated as if having been made available and applied by the Borrower in or towards
repayment of the maturing Loan so that the relevant Borrower will not be required to make a payment. 
  

	4.	 Interest  

The Borrower must pay interest at the Applicable Rate on the outstanding amount of each Loan in arrears on its Maturity Date (or at such
other times or intervals as the Lender may require if the term of the Loan is in excess of 6 months). Interest accrues daily and will be calculated for the term of each Loan on the basis of a 365 day year. 

 

	5.	 Unavailability of Screen Rate  

 

	 	(a)	 If no Screen Rate is available for the Bank Bill Rate for the Interest Period of a Loan, the applicable Bank Bill Rate
shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan, except where the Interest Period is less than the shortest period published for the Bank Bill Rate, in which case it will be the Bank Bill Rate
for the shortest period published for the Bank Bill Rate. 

  

	 	(b)	 If no Screen Rate is available for the Bank Bill Rate for the Interest Period of a Loan and it is not possible to
calculate the Interpolated Screen Rate or other rate under paragraph (a), there shall be no Bank Bill Rate for that Loan and clause 7 (Cost of funds) of this Facility Annexure shall apply to that Loan for the Interest Period.

  

	6.	 Market disruption  

If before 5pm on the Business Day after the first day for the relevant Interest Period the relevant Borrower receives notification from
the Lender that as a result of market circumstances not limited to it, the cost to it of funding the Loan from whatever source it may reasonably select would be in excess of the Bank Bill Rate, then clause 7 (Cost of funds) of this
Facility Annexure shall apply to the Loan for the relevant Interest Period. 
  

	7.	 Cost of funds  

If this clause 7 applies, the rate of interest on the Loan for the relevant Interest Period shall be the percentage rate per annum which
is the sum of: 
  

	 	(a)	 the Margin; and 

  

	 	(b)	 in the circumstances described in clause 5 (Unavailability of Screen Rate) of this Facility Annexure or
clause 6 (Market disruption) of this Facility Annexure, the rate notified to the relevant Borrower by the Lender to be that which expresses as a percentage rate per annum, the cost to the Lender of funding that Loan from

  
 28 

 
whatever source it may reasonably select. That rate is to be notified as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period. 

  
 29 

 ANNEXURE B 

Bank Guarantee Facility 
  

	1.	 Definitions and interpretation  

 

	 	(a)	 In this Facility Annexure the following meanings apply, unless a contrary intention appears: 

Accommodation Particulars means the particulars required under clause 3 of this Facility Annexure to be specified in Utilisation
Request for the Bank Guarantee Facility. 
 Bank Guarantee Facility means the facility under which the Lender agrees to issue or
make available Bank Guarantees to the Borrowers with an aggregate face value up to the Facility Accommodation Limit as set out in this document. 

Beneficiary means the beneficiary or favouree under a Bank Guarantee. 

Outstanding Accommodation means, in respect of the Bank Guarantee Facility and on any date, the aggregate face amount of each Bank
Guarantee (less any amounts which have been repaid in respect of a Bank Guarantee). 
 Principal Obligations means the
obligations of the Borrower to the beneficiary in respect of which a Bank Guarantee is issued. 
 Utilisation means each
utilisation of the Bank Guarantee Facility as provided for in this Facility Annexure.  
 Capitalised terms or phrases which are
used in this Facility Annexure but not defined in this clause have the meanings given to them in the Master Agreement to which this Facility Annexure is attached.  
  

	 	(b)	 Unless a contrary intention appears, any reference in this Facility Annexure or in this document to:

  

	 	(i)	 a Utilisation made or to be made to a Borrower includes a Bank Guarantee issued on its behalf; 

 

	 	(ii)	 a Borrower repaying or prepaying a Bank Guarantee means: 

 

	 	(A)	 that Borrower providing cash cover for that Bank Guarantee; 

 

	 	(B)	 that Borrower making a payment in respect of, or reimbursing an amount paid by the Lender under, the Bank Guarantee, in
either case under clause 5(a) or (b) (Payment by Borrower) of this Facility Annexure; 

  

	 	(C)	 the maximum amount payable under the Bank Guarantee being reduced or cancelled in accordance with its terms;

  

	 	(D)	 the Bank Guarantee being returned to the Lender; 

 

	 	(E)	 the Lender being satisfied that it has no further liability under that Bank Guarantee; or 

 

	 	(F)	 the Lender receiving in its favour a
back-to-back letter of credit, bank guarantee or similar from a bank which, along with the terms (including fees and identity of the issuer) of such letter of credit,

  
 30 

	 	 
bank guarantee or similar instrument, is acceptable to the Lender in its absolute discretion, 

and the amount by which a Bank Guarantee is repaid or prepaid under subparagraphs (A), (B), (C) and (F) above is the amount of the
relevant cash cover, payment, reimbursement, reduction or cancellation. When under this document a Borrower is obliged to repay or prepay a Bank Guarantee, it must: 
  

	 	(A)	 provide cash cover for the outstanding amount of the Bank Guarantee (less the total amount paid by the Lender under the
Bank Guarantee); and 

  

	 	(B)	 pay under clause 5(a) or (b) (Payment by Borrower) of this Facility Annexure an amount equal to the total
amount paid by the Lender under the Bank Guarantee, 

 except to the extent that the amount of the Bank Guarantee
has been repaid or prepaid by another means. 
  

	 	(iii)	 an amount borrowed includes any amount utilised by way of Bank Guarantee; 

 

	 	(iv)	 amounts outstanding under this document include amounts outstanding under or in respect of any Bank Guarantee;

  

	 	(v)	 an outstanding amount of a Bank Guarantee at any time is the maximum amount that is or may be payable by the relevant
Borrower in respect of that Bank Guarantee at that time; 

  

	 	(vi)	 a Borrower’s obligation on Utilisations becoming due and payable includes the Borrower repaying any Bank
Guarantee in accordance with subparagraph (ii) above. 

  

	 	(vii)	 a Borrower providing cash cover for a Bank Guarantee means a Borrower paying an amount in the currency of the
Bank Guarantee to an account in the name of the Borrower (whether or not interest bearing) and the following conditions being met: 

  

	 	(A)	 the account is with the Lender; 

 

	 	(B)	 until no amount is or may be outstanding under that Bank Guarantee, withdrawals from the account may only be made to
pay the Lender amounts due and payable to it under this document in respect of that Bank Guarantee, or otherwise as agreed in writing by the Lender; 

  

	 	(C)	 the Borrower shall be entitled to accrued interest on the cash cover; and 

 

	 	(D)	 if the Lender, requests it, the Borrower has executed a security document, in form and substance satisfactory to the
Lender, creating a first ranking security interest over that account. 

  

	 	(c)	 Unless the Lender otherwise agrees, the Facility Accommodation Limit for the Bank Guarantee Facility will be calculated
ignoring any cash cover provided for outstanding Bank Guarantees. 

  
 31 

	2.	 Facility Documentation  

 

	 	(a)	 The relevant Borrower must execute such documents (including without limitation in respect of Bank Guarantees which are
to be cash covered, an account set off in the Lender’s usual form) as are required by the Lender before each Utilisation of the Bank Guarantee Facility. 

 

	 	(b)	 All Facility Documentation pursuant to which Accommodation under the Bank Guarantee Facility is to be provided must
conform, in form and substance, to the Lender’s standard documentation for the provision of such Accommodation. 

  

	 	(c)	 The form, the Principal Obligations and the Beneficiary of each Bank Guarantee must be acceptable to the Lender.

  

	3.	 Accommodation Particulars  

 

	 	(a)	 The Accommodation Particulars to be specified in the Utilisation Request are: 

 

	 	(i)	 the type of Bank Guarantee requested by the relevant Borrower; 

 

	 	(ii)	 the Beneficiary; 

  

	 	(iii)	 the face amount and currency (which must be the Base Currency); 

 

	 	(iv)	 the purpose and the Principal Obligations; 

 

	 	(v)	 the expiry date (which must be a date within the Availability Period of the Facility unless otherwise agreed by the
Lender); 

  

	 	(vi)	 the jurisdiction under whose laws the Bank Guarantee will be governed (which must be an Australian State and must be
specified in the Bank Guarantee); 

  

	 	(vii)	 the form of the Bank Guarantee (which must be in such form as the Lender requires and include the minimum requirements
set out in paragraph (c), unless otherwise agreed in writing by the Lender); 

  

	 	(viii)	 the underlying contract or agreement in respect of which the Bank Guarantee is to be issued is specified (if
applicable); 

  

	 	(ix)	 the delivery instructions for the Bank Guarantee (if applicable); and 

 

	 	(x)	 any other particulars required to establish that Bank Guarantee. 

 

	 	(b)	 The face amount of the Bank Guarantee must not be more than the Facility Accommodation Limit for the Bank Guarantee
Facility. 

  

	 	(c)	 The minimum requirements for the form of the Bank Guarantee are as follows: 

 

	 	(i)	 It must have a maximum aggregate liability; 

 

	 	(ii)	 It must permit early termination by the Lender by the payment of money; 

 

	 	(iii)	 It should contain no other obligation on the Lender other than the payment of money; 

 

	 	(iv)	 It should be payable at the Facility Office of the Lender; 

 

	 	(v)	 It must be payable on a Business Day; 

  
 32 

	 	(vi)	 There should be a clear statement as to the circumstances under which payment is to be made and to whom payment should
be made; and 

  

	 	(vii)	 There should be a non-assignment clause. 

 

	4.	 Authority to make payment  

 

	 	(a)	 The relevant Borrower irrevocably authorises the Lender to immediately pay any amount demanded by a Beneficiary at any
time pursuant to a Bank Guarantee and to make any payment under clause 8 (Voluntary Payout) of the Facility Annexure (in this Facility Annexure, each a claim). 

 

	 	(b)	 The Lender need not: 

  

	 	(i)	 first refer to the relevant Borrower or obtain its authority for the payment; 

 

	 	(ii)	 enquire whether a demand has been properly made; 

 

	 	(iii)	 enquire as to the validity, genuineness or accuracy of any statement, certificate or other document issued in relation
to a claim; or 

  

	 	(iv)	 carry out any investigation or seek any confirmation from any other person before making the payment.

  

	 	(c)	 The relevant Borrower acknowledges that the Lender: 

 

	 	(i)	 may make payments under a Bank Guarantee by any means that it determines; 

 

	 	(ii)	 may make any payments under a Bank Guarantee despite any direction by the Borrower to the Lender not to pay, any
dispute between the Borrower and the Lender as to the Lender’s obligation to pay, any dispute between the Borrower and the Beneficiary or any claim by the Borrower that a claim under the Bank Guarantee is not valid; 

 

	 	(iii)	 may refuse to make a payment under a Bank Guarantee (in its absolute discretion) where it considers that a claim under,
or any other document presented under the Bank Guarantee does not comply with the terms of the Bank Guarantee; and 

  

	 	(iv)	 deals in documents only and will not be concerned with the legality of a claim or any underlying transaction or any
available set-off, counterclaim or other defence of any person. 

  

	5.	 Payment by Borrower  

 

	 	(a)	 The relevant Borrower must pay the Lender all amounts paid or required to be paid by the Lender under:

  

	 	(i)	 a Bank Guarantee; or 

  

	 	(ii)	 clause 8 (Voluntary Payout) of this Facility Annexure, 

on the day on which the Lender makes or is required to make that payment (and if that Borrower does not do so, interest shall accrue on
those amounts from that date up to the actual date of payment in accordance with clause 6.2 (Default interest) of the Master Agreement). 

  
 33 

	 	(b)	 Without prejudice to the relevant Borrower’s obligation under paragraph 5(a), that Borrower shall immediately on
demand indemnify the Lender against any cost, loss or liability incurred by the Lender (otherwise than by reason of the Lender’s gross negligence or wilful misconduct) in acting as the Lender under any Bank Guarantee requested by that Borrower
(including as a result of the Lender making a payment under clause 8 (Voluntary Payout) of this Facility Annexure). 

  

	6.	 Borrower’s unconditional obligations  

 

	 	(a)	 The Borrowers’ obligations under clause 5 (Payment by Borrower) of this Facility Annexure are
absolute and unconditional and not subject to any reduction, termination or other impairment by any set off, deduction, counterclaim, agreement, defence, suspension, deferment or otherwise. 

 

	 	(b)	 The Borrowers’ liability under this clause is not affected by any circumstance, act or omission which, but for
this subclause, might otherwise affect its liability at law or in equity, including: 

  

	 	(i)	 any falsity, inaccuracy, non-conformity, insufficiency or forgery of or in any
demand, certificate, declaration or other document that on its face purports to be signed or authorised under a Bank Guarantee; 

  

	 	(ii)	 any failure by the Lender to enquire whether a communication, demand or other document under a Bank Guarantee has been
inaccurately transmitted or received, or has been signed or sent by an unauthorised person; 

  

	 	(iii)	 the impossibility or illegality of performance of or any invalidity of or affecting any MOF Finance Document, the
Principal Obligations intended to be secured by a Bank Guarantee or any other agreement, document or transaction; 

  

	 	(iv)	 any act of a Government Agency, court, arbitral body, agency, authority or any person affecting the terms of any MOF
Finance Document, the Principal Obligations intended to be secured by a Bank Guarantee or any other document or transaction; 

  

	 	(v)	 the application of any law or regulation affecting any Bank Guarantee; 

 

	 	(vi)	 any failure to obtain an Authorisation required or desirable in connection with this document or any Bank Guarantee, or
any incapacity of, or limitation on the powers of, any person signing a claim or other document; or 

  

	 	(vii)	 anything else (foreseen or unforeseen), whether or not similar to any of the above, that affects any MOF Finance
Document, the Principal Obligations intended to be secured by a Bank Guarantee or any other agreement, document or transaction. 

  

	 	(c)	 The Lender is not obliged to enquire into any of the matters mentioned in paragraphs (a) and (b) of this clause.

  

	7.	 Expiring Bank Guarantees  

An amount equal to the amount of each Bank Guarantee which, before the end of the Availability Period, is repaid in full or expires
without being called on or which is called on and paid by the relevant Borrower to the Lender in accordance with clause 5 (Payment by Borrower) of this Facility Annexure will again be available for utilisation in accordance with the terms of
this document. 

  
 34 

	8.	 Voluntary Payout  

If an Event of Default is continuing, the Lender may discharge its liability under a Bank Guarantee at any time by paying to the
Beneficiary the outstanding amount of the Bank Guarantee or any lesser amount specified by the Beneficiary. The Lender may debit any account of the relevant Borrower with the amount so paid. 

 

	9.	 Illegality  

  

	 	(a)	 Without limiting clause 8 (Voluntary Payout) of this Facility Annexure, if any Change of Law or
other event makes it illegal for the Lender to perform its obligations under any Bank Guarantee or maintain financial accommodation or commitment under the Bank Guarantee Facility, the Lender may following notice to the Borrowers, discharge its
liability under a Bank Guarantee at any time on and from the date which is 40 Business Days after the date on which the Lender gives notice or any earlier date required by, or to comply with, the applicable law, by paying to the Beneficiary the
outstanding amount of the Bank Guarantee or any lesser amount specified by the Beneficiary. The Lender may debit any account of the Borrower with the amount so paid. 

 

	 	(b)	 A notice to a Borrower under clause 19(a) of this Facility Annexure is irrevocable. 

 

	 	(c)	 If requested by a Borrower, the Lender must transfer its participation under the Bank Guarantee Facility, on terms and
conditions satisfactory to the Lender (acting reasonably), to a person proposed by the relevant Borrower. 

  

	10.	 Illegality in relation to Bank Guarantees  

If it becomes unlawful (or impossible as a result of a change in law or regulation) for the Lender to issue or leave outstanding any Bank
Guarantee, then: 
  

	 	(a)	 the Lender shall promptly notify the Company upon becoming aware of that event; 

 

	 	(b)	 upon the Lender notifying the Company, the Lender shall not be obliged to issue any Bank Guarantee;

  

	 	(c)	 each Borrower shall use its best endeavours to procure the release of each Bank Guarantee issued by the Lender and
outstanding at such time on or before the date specified by the Lender in the notice delivered to the Company (being no earlier than the last day of any applicable grace period permitted by law); and 

 

	 	(d)	 the Bank Guarantee Facility shall cease to be available for the issue of Bank Guarantees. 

 

	11.	 UCP600  

None of the foregoing provisions shall operate so as to modify rights and obligations of the Lender and a Borrower under Uniform Customs
and Practice for Documentary Credits (2007 Revision) International Chamber of Commerce Brochure Number 600 (known as UCP600). 
  

	12.	 Existing Bank Guarantees  

Each Bank Guarantee specified below has been issued or is deemed to be issued by the Lender at the request of the relevant Borrower under
the Bank Guarantee Facility.  

  
 35 

 CUSTOMER STATUS REPORT AS AT 13/06/2017 11:39 

CUSTOMER - FOXTEL MANAGEMENT PTY LTD 
 CUSTOMER
NUMBER - 00252021 

																									
	FAVOUREE	 	LIABILITY NUMBER	 	 	ISSUE DATE	 	 	
EXPIRY DATE CURR
	 	 	LIABILITY AMOUNT	 
	 ACPP Office Pty Ltd
	 	 	G1	 	 	 	00218868	 	 	 	14/04/2005	 	 	 	31/03/2018	 	  	 	AUD	 	 	$	 678,067.69	 
	 ACPP Office Pty Limited
	 	 	G3	 	 	 	00226185	 	 	 	04/07/2005	 	 	 	31/03/2019	 	  	 	AUD	 	 	$	 1,896,017.26	 
	 ACPP Office Pty Ltd
	 	 	G1	 	 	 	00227332	 	 	 	19/07/2005	 	 	 	31/03/2018	 	  	 	AUD	 	 	$	 440,000.00	 
	 Investa Properties Limited
	 	 	G3	 	 	 	00237296	 	 	 	28/11/2005	 	 	 	 	 	  	 	AUD	 	 	$	30,360.00	 
	 Highpoint Shopping Centres Pty Limited
	 	 	G3	 	 	 	00244472	 	 	 	13/03/2006	 	 	 	 	 	  	 	AUD	 	 	$	15,000.00	 
	 TRUST COMPANY LIMITED ABN 59 004 027 749
	 	 	G3	 	 	 	00295885	 	 	 	09/01/2008	 	 	 	 	 	  	 	AUD	 	 	$	 149,248.58	 
	 WESTFIELD MANAGEMENT LTD AS RESPONSIBLE ENTITY
OF
	 	 	G3	 	 	 	00344376	 	 	 	10/12/2009	 	 	 	 	 	  	 	AUD	 	 	$	17,847.92	 
	 Trust Company of Australia
	 	 	G3	 	 	 	00381020	 	 	 	17/03/2011	 	 	 	 	 	  	 	AUD	 	 	$	 2,586,816.41	 
	 COLONIAL FIRST STATE ASSET MANAGEMENT PTY
LIMITED
	 	 	G3	 	 	 	00430683	 	 	 	12/11/2012	 	 	 	 	 	  	 	AUD	 	 	$	 178,219.26	 
	 AUSTRALIAN EXECUTOR TRUSTEES LIMITED
	 	 	G3	 	 	 	00511281	 	 	 	05/06/2015	 	 	 	31/03/2024	 	  	 	AUD	 	 	$	 1,000,000.00	 
	 THE TRUST COMPANY LIMITED
	 	 	G3	 	 	 	00513332	 	 	 	01/07/2015	 	 	 	 	 	  	 	AUD	 	 	$	 239,886.98	 
	 Scentre Management Limited ACN 001 670 579
	 	 	G3	 	 	 	00518634	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	46,393.96	 
	 Eastgardens Pty Ltd ACN 002 365 326
	 	 	G3	 	 	 	00518635	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	36,878.96	 
	 Scentre Custodian Pty Limited
	 	 	G3	 	 	 	00518636	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	29,489.90	 
	 Kent Street Pty Limited ACN 006 794 654 AND
Scent
	 	 	G3	 	 	 	00518637	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	27,295.04	 
	 Perpetual Trustee Company Limited ACN 000 001
007
	 	 	G3	 	 	 	00518638	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	35,757.34	 
	 Stonehenge Pty Limited ACN 095 084 674
	 	 	G3	 	 	 	00518639	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	26,928.32	 
	 Scentre Management Limited ACN 001 670 579 AND
RE1
	 	 	G3	 	 	 	00518640	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	25,828.36	 
	 P.T. Limited ACN 004 454 666
	 	 	G3	 	 	 	00518641	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	28,328.30	 
	 P.T. Limited ACN 004 454 666 AND Doncaster
Shoppin
	 	 	G3	 	 	 	00518642	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	44,927.30	 
	 P.T. Limited ACN 004 454 666 as constructive
trust
	 	 	G3	 	 	 	00518643	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	32,428.36	 
	 Perron Investments Pty Ltd ACN 000 003 976 AND
Sce
	 	 	G3	 	 	 	00518644	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	24,361.92	 
	 Scentre Management Limited ACN 001 670 579 AND
SAS
	 	 	G3	 	 	 	00518646	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	36,645.08	 
	 Ventana Pty Limited ACN 008 586 543
	 	 	G3	 	 	 	00518647	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	36,550.48	 
	 Scentre Management Limited ACN 001 670 579 as
resp
	 	 	G3	 	 	 	00518648	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	33,345.62	 
	 Scentre Management Limited ACN 001 670 579 as
resp
	 	 	G3	 	 	 	00518649	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	33,161.70	 
	 Scentre Management Limited ACN 001 670 579 as
resp
	 	 	G3	 	 	 	00518650	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	32,061.70	 
	 PT Limited ACN 004 454 666 as custodian of the
Sce
	 	 	G3	 	 	 	00518652	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	38,665.06	 
	 PT Limited ACN 004 454 666 as custodian of the
Sce
	 	 	G3	 	 	 	00518653	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	5,907.32	 
	 Tea Tree Plaza Nominees Pty Limited ACN 008 586
45
	 	 	G3	 	 	 	00518654	 	 	 	26/08/2015	 	 	 	 	 	  	 	AUD	 	 	$	5,148.23	 
	 CENTRE MANAGEMENT LIMITED ACN 001 670 579 AND
RE1
	 	 	G3	 	 	 	00532989	 	 	 	25/02/2016	 	 	 	 	 	  	 	AUD	 	 	$	23,455.70	 
	 MIRVAC FUNDS LIMITED ACN 002 561 640
	 	 	G3	 	 	 	00568068	 	 	 	11/05/2017	 	 	 	30/06/2021	 	  	 	AUD	 	 	$	 1,270,637.17	 
	 DARWIN CITY COUNCIL
	 	 	G3	 	 	 	00031420	 	 	 	13/06/1996	 	 	 	 	 	  	 	AUD	 	 	$	50,000.00	 
	 DEPARTMENT OF TRANSPORT & WORKS - NORTH
TERRITORY
	 	 	G3	 	 	 	00031564	 	 	 	10/07/1996	 	 	 	 	 	  	 	AUD	 	 	$	10,000.00	 
	 DEPARTMENT OF TRANSPORT & WORKS - NORTH
TERRITORY
	 	 	G3	 	 	 	00031565	 	 	 	10/07/1996	 	 	 	 	 	  	 	AUD	 	 	$	15,000.00	 
	 PALMERSTON TOWN COUNCIL
	 	 	G3	 	 	 	00031976	 	 	 	23/08/1996	 	 	 	 	 	  	 	AUD	 	 	$	20,000.00	 
	 PALMERSTON TOWN COUNCIL
	 	 	G3	 	 	 	00031977	 	 	 	23/08/1996	 	 	 	 	 	  	 	AUD	 	 	$	20,000.00	 
	 PALMERSTON TOWN COUNCIL
	 	 	G3	 	 	 	00031978	 	 	 	23/08/1996	 	 	 	 	 	  	 	AUD	 	 	$	20,000.00	 
	 PALMERSTON TOWN COUNCIL
	 	 	G3	 	 	 	00031979	 	 	 	23/08/1996	 	 	 	 	 	  	 	AUD	 	 	$	13,000.00	 
	 PALMERSTON TOWN COUNCIL
	 	 	G3	 	 	 	00031980	 	 	 	23/08/1996	 	 	 	 	 	  	 	AUD	 	 	$	13,000.00	 
	 PALMERSTON TOWN COUNCIL
	 	 	G3	 	 	 	00031981	 	 	 	35300	 	 	 	 	 	  	 	AUD	 	 	$	14,000.00	 
	 	 				 				 				 				  				 	  
	  
	 
	 	 				 				 				 				  				 	$	      9,280,659.92	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	  
	  
	 

  
 36 

 ANNEXURE C 

Corporate Card Facility 
  

	1.	 Definitions  

In this Facility Annexure the following meanings apply, unless a contrary intention applies. 

Applicable Facility Conditions means the Lender’s current terms and conditions for Corporate Card Facilities as amended or
replaced from time to time. 
 Corporate Card Facility means the facility under which the Lender agrees to make available
Accommodation to the Borrowers by way of corporate credit cards up to the Facility Accommodation Limit as set out in this document. 

Facility Conditions Precedent means compliance with each item set out in clause 2 (Facility Conditions
Precedent) of this Facility Annexure. 
 Outstanding Accommodation means, on any day, the aggregate of all amounts
owing, due or payable under the Corporate Card Facility on such date, as determined by the Lender in accordance with its usual practices. 

Utilisation means each utilisation of the Facility as provided for in this Facility Annexure. 

 

	2.	 Facility Conditions Precedent  

 

	 	(a)	 The relevant Borrower must execute such Facility Documentation as is required by the Lender before each Utilisation of
the Corporate Card Facility. 

  

	 	(b)	 All Facility Documentation pursuant to which Accommodation under the Corporate Card Facility is to be provided must
conform, in form and substance, to the Lender’s standard documentation applicable for the provision of such Accommodation. 

  

	 	(c)	 Any conditions precedent to the provision of Accommodation under the Corporate Card Facility contained in such Facility
Documentation are Facility Conditions Precedent. 

  

	3.	 No Utilisation Request required  

Despite anything else in this document, no Utilisation Request is required in respect of any proposed Utilisation of the Corporate Card
Facility. 
  

	4.	 Utilisation and Facility Accommodation Limit  

 

	 	(a)	 Subject to the Facility Documentation and the provisions of this document, the Lender may provide Accommodation under the
Corporate Card Facility in such form as the Lender determines. 

  

	 	(b)	 If there is a conflict between the provisions of this document and the provisions of any Facility Documentation, then the
provisions of this document apply unless otherwise agreed between the Lender and the Company. 

  

	 	(c)	 The Facility Accommodation Limit applies in relation to all corporate credit card finance provided under the Corporate
Card Facility. In addition each corporate credit card will be subject to a separate sub-limit determined by the Lender. 

  
 37 

	5.	 Prepayment  

Despite clause 5.4 (Voluntary prepayment) of the Master Agreement: 

 

	 	(a)	 a Borrower is not required to give notice to the Lender before prepaying any part of the Outstanding Accommodation;

  

	 	(b)	 no minimum amount or multiple is required for such prepayment; 

 

	 	(c)	 any amount prepaid will be available to a Borrower by way of fresh Utilisations; and 

 

	 	(d)	 no amounts will be payable in respect of break costs in relation to such prepayment. 

 

	6.	 Repayment and Cancellation  

Despite anything else in this document: 
  

	 	(a)	 the relevant Borrower must pay the Outstanding Accommodation in respect of the Corporate Card Facility on demand by the
Lender; 

  

	 	(b)	 the Lender may by notice to the Company, cancel any obligation of the Lender to provide any further Accommodation under
the Corporate Card Facility; and 

  

	 	(c)	 the Lender may make a demand or give a notice of cancellation, or do both, at any time in its absolute discretion.

  
 38 

 ANNEXURE D 

Group Limit Facility 
  

	1.	 Definitions  

In this Facility Annexure the following meanings apply, unless a contrary intention applies. 

Applicable Facility Conditions means the Lender’s current terms and conditions for Group Limit Facilities as amended or replaced from time to
time. 
 Cap Limit has the meaning given to that term in Part 4 of the Facility Particulars. 

Group Limit has the meaning given to that term in Part 4 of the Facility Particulars. 

Group Limit Facility means the facility under which the Lender agrees to make available AUD denominated overdraft Accommodation to the Borrowers
up to the Facility Accommodation Limit, through a number of accounts which the Lender is entitled to treat as a single account, as set out in this document. 

Outstanding Accommodation means, on any day, the aggregate of all amounts owing, due or payable under the Group Limit Facility (whether actual,
contingent or otherwise) on such date, as determined by the Lender in accordance with its usual practices. 
 Utilisation means each utilisation
of the Group Limit Facility as provided for in this Facility Annexure. 
 Capitalised terms or phrases which are used in this Facility Annexure but not
defined in this clause have the meanings given to them in the Master Agreement to which this Facility Annexure is attached. 
  

	2.	 Facility Documentation  

All Facility Documentation pursuant to which Accommodation under the Group Limit Facility is to be provided must conform, in form and substance, to the
Lender’s standard documentation applicable for the provision of such Accommodation. The Lender acknowledges that on the date of this document all Facility Documentation required by the Lender has been executed and conforms, in form and
substance, to the Lender’s standard documentation applicable for the provision of such Accommodation. 
  

	3.	 No Utilisation Request required  

Despite anything else in this document, no Utilisation Request is required in respect of any proposed Utilisation of the Group Limit Facility. 

 

	4.	 Utilisations  

  

	 	(a)	 Subject to the Facility Documentation and the provisions of this document, the Lender will provide Utilisations under the
Group Limit Facility. 

  

	 	(b)	 If there is a conflict between the provisions of this document and any Facility Documentation, then the provisions of this
document apply unless otherwise agreed between the Lender and the Company. 

  

	 	(c)	 Any references in the Applicable Facility Conditions to the “Schedule” shall be deemed to be references to Part
4 of the Facility Particulars, unless otherwise agreed between the Borrowers and the Lender. This does not affect the right of the Lender to issue replacement or supplemental “Schedules” in accordance with the Applicable Facility
Conditions. 

  
 39 

	5.	 Variation of limits 

Despite any other provision of this document, the Lender may at any time in its absolute discretion cancel or vary the Cap Limit or the Group Limit for
the Facility. 
  

	6.	 Repayment and cancellation  

Despite any other provision of this document: 
  

	 	(a)	 the relevant Borrower must pay the Outstanding Accommodation in respect of the Group Limit Facility on demand by the
Lender; 

  

	 	(b)	 the Lender may also, by notice to the Company, cancel any obligation of the Lender to provide any further Accommodation
under the Group Limit Facility; and 

  

	 	(c)	 the Lender may make a demand or give a notice of cancellation, or do both, at any time in its absolute discretion.

  
 40 

			
	Deed of Amendment	  	

  

 Executed and delivered as a Deed. 

Each attorney executing this Deed states that he has no notice of revocation or suspension of his power of attorney. 

Original Borrowers 
 Signed Sealed and
Delivered for Foxtel 
 Management Pty Limited by its attorney under 

power of attorney in the presence of: 
  

					
			
	/s/ Lynette Ireland	 		 	 /s/ Patrick Delany

	  
	 		 	  

			
	Witness Signature	 		 	Attorney Signature
			
	

	 		 	

	  
	 		 	  

			
	Print Name	 		 	Print Name

 Signed Sealed and Delivered for Austar 

Entertainment Pty Limited by its attorney 

under power of attorney in the presence of: 
  

					
			
	/s/ Lynette Ireland	 		 	 /s/ Patrick Delany

	  
	 		 	  

			
	Witness Signature	 		 	Attorney Signature
			
	

 	 		 	

	  
	 		 	  

			
	Print Name	 		 	Print Name

 Signed Sealed and Delivered for Austar 

United Communications Pty Limited by its 
 attorney under power
of attorney in the 
 presence of: 
  

					
			
	/s/ Lynette Ireland	 		 	 /s/ Patrick Delany

	  
	 		 	  

			
	Witness Signature	 		 	Attorney Signature
			
	

	 		 	

	  
	 		 	  

			
	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

 Signed Sealed and Delivered for Customer 

Services Pty Limited by its attorney under 

power of attorney in the presence of: 
  

					
			
	/s/ Lynette Ireland	 		 	 /s/ Patrick Delany

	  
	 		 	  

			
	Witness Signature	 		 	Attorney Signature
			
	

	 		 	

	  
	 		 	  

			
	Print Name	 		 	Print Name

 Signed Sealed and Delivered for Foxtel 

Finance Pty Limited by its attorney under 
 power of attorney in the presence
of: 
  

					
			
	/s/ Lynette Ireland	 		 	 /s/ Patrick Delany

	  
	 		 	  

			
	Witness Signature	 		 	Attorney Signature
			
	

	 		 	

	  
	 		 	  

			
	Print Name	 		 	Print Name

 Signed Sealed and Delivered for Foxtel 

Australia Pty Limited by its attorney under 
 power of attorney in the presence
of: 
  

					
			
	/s/ Lynette Ireland	 		 	 /s/ Patrick Delany

	  
	 		 	  

			
	Witness Signature	 		 	Attorney Signature
			
	

	 		 	

	  
	 		 	  

			
	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

 Signed Sealed and Delivered for  

XYZnetworks Pty Limited by its attorney 
 under power of attorney in the
presence of: 
  

					
			
	/s/ Lynette Ireland	 		 	 /s/ Patrick Delany

	  
	 		 	  

			
	Witness Signature	 		 	Attorney Signature
			
	

	 		 	

	  
	 		 	  

			
	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

 Lender 

Signed Sealed and Delivered for  
 Commonwealth Bank of Australia
by its 
 attorney under power of attorney in the 
 presence of: 

 

					
			
	/s/ Julita Hardjono	 		 	 /s/ Tim Bates

	  
	 		 	  

			
	Witness Signature	 		 	Attorney Signature
			
	

	 		 	

	  
	 		 	  

			
	Print Name	 		 	Print Name

  

			
	  
 KYWB 506893618v4
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 Exhibit 10.6 
  

 
 Foxtel Management Pty Limited 

Each person named in Schedule 1 
 Deed of Amendment

 (Common Terms Deed Poll) 
  

The Allens contact for this document is Morgan Phelan 

Allens 
 Deutsche Bank Place 

Corner Hunter and Phillip Streets 

Sydney  NSW  2000 
 T +61 2 9230
4000 
 F +61 2 9230 5333 
 www.allens.com.au 

© Allens, Australia 2019  

			
	Deed of Amendment	  	

  

							
	 Contents

 
	  			
	1        	  	Definitions and Interpretation	  	 	2	 
			
		  	1.1         Definitions	  	 	2	 
			
		  	1.2         Interpretation	  	 	3	 
			
		  	1.3         Benefit of Deed Poll	  	 	3	 
			
	2	  	Amendment of CTDP	  	 	3	 
			
	3	  	Conditions Precedent	  	 	3	 
			
	4	  	Finance Document	  	 	4	 
			
	5	  	Amendments not to effect validity, rights, obligations	  	 	4	 
			
	6	  	Consents	  	 	4	 
			
	7	  	Affirmation	  	 	4	 
			
	8	  	Enforceable nature	  	 	5	 
			
	9	  	Severability of Provisions	  	 	5	 
			
	10	  	Governing Law and Jurisdiction	  	 	5	 
			
	11	  	Counterparts	  	 	5	 
		
	 Schedule 1
	  	 	6	 
			
		  	Guarantors	  	 	6	 
		
	 Schedule 2
	  	 	12	 
			
		  	Amended CTDP	  	 	12	 

  

			
	  
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	Deed of Amendment	  	

  

 This Deed Poll is made on         15 November
                                         
                                   2019 

Parties 
  

	1	 Foxtel Management Pty Limited (ABN 65 068 671 938) of 5 Thomas Holt Drive, North Ryde, NSW, 2113 in its own
capacity (Foxtel); and 

  

	2	 Each person named in Schedule 1 (each a Guarantor). 

Recitals 
  

	A	 Certain of the Guarantors are party to a Common Terms Deed Poll dated 10 April 2012 in favour of each Finance Party
from time to time (the CTDP). 

  

	B	 The parties to this Deed Poll wish to amend the CTDP on the terms set out in this Deed Poll and be bound by the CTDP as
amended. 

 It is agreed as follows. 
  

	1	 Definitions and Interpretation 

 

	1.1	 Definitions 

Definitions in the Amended CTDP apply in this Deed Poll unless the context requires otherwise or the relevant term is defined in this Deed Poll and the
following definitions apply unless the context requires otherwise. 
 Amended CTDP means the CTDP as amended in the manner set out in
Schedule 2. 
 Consenting Financier means: 
  

	 	(a)	 a Financier whose Financier Representative has given notice to Foxtel before or after this Deed Poll is executed
consenting to the amendments made under this Deed Poll; or 

  

	 	(b)	 a person who becomes a Financier after this Deed Poll is executed. 

Effective Date means the date on which Commonwealth Bank of Australia in its capacity as Facility Agent under each Existing Syndicated
Facility confirms receipt of the documents referred to in clause 3 in form and substance satisfactory to it. 
 Existing Syndicated
Facility means each of the following agreements: 
  

	 	(a)	 the Syndicated Facility Agreement (for a term facility) dated on or about the date of this Deed Poll between, among
others, Foxtel and Commonwealth Bank of Australia (as Facility Agent); and 

  

	 	(b)	 the Syndicated Facility Agreement (for a revolving facility) dated on or about the date of this Deed Poll between, among
others, Foxtel and Commonwealth Bank of Australia (as Facility Agent). 

 New Guarantor means each of: 

 

	 	(a)	 NXE Australia Pty Limited; 

  

	 	(b)	 Fox Sports Australia Pty Limited; 

 

	 	(c)	 Binni Pty Limited; 

  

	 	(d)	 Fox Sports Venues Pty Limited; 

  

			
	  
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	Deed of Amendment	  	

  

	 	(e)	 Sport by Numbers Pty Limited; and 

 

	 	(f)	 Fox Sports Streamco Pty Limited. 

 

	1.2	 Interpretation 

Clause 1.2 (Interpretation) of the Amended CTDP applies as if incorporated in this Deed Poll. 

 

	1.3	 Benefit of Deed Poll 

This Deed Poll is given in favour of each Consenting Financier from time to time and each other Finance Party under that Consenting Financier’s
Finance Documents (each a Consenting Finance Party). Each Consenting Finance Party has the benefit of and may enforce this Deed Poll even though it is not a party to, or is not in existence at the time of execution and
delivery of this Deed Poll, in relation to the Finance Debt to which that Consenting Finance Party is entitled and each Finance Document under which that Consenting Finance Party has rights, benefits or obligations. 

 

	2	 Amendment of CTDP 

With effect from the Effective Date, the CTDP is amended in the manner set out in Schedule 2 with respect to each Consenting Financier, each of its
relevant Finance Documents, the Transactions contemplated by those Finance Documents and each Finance Party under those Finance Document. The CTDP will continue to apply unamended for the benefit of all other Finance Documents, the Transactions
contemplated by those Finance Documents and to each Finance Party under those Finance Documents. 
  

	3	 Conditions Precedent 

Foxtel will arrange for each Financier Representative to be provided with copies of the following documents: 

 

	 	(a)	 (Verification certificate) a certificate in relation to: 

 

	 	(i)	 each Guarantor; and 

  

	 	(ii)	 each New Guarantor, 

given by a director or secretary of the relevant Guarantor or New Guarantor, substantially in the form of Schedule 6 of the CTDP (or, where the entity
is incorporated outside Australia, substantially in the form advised by the legal advisors providing the legal opinion referred to in clause 3(c) in the relevant jurisdiction). 

 

	 	(b)	 (Finance Documents) duly executed counterpart of: 

 

	 	(i)	 this Deed Poll; 

  

	 	(ii)	 a Guarantor Assumption Deed Poll entered into by each New Guarantor; 

 

	 	(iii)	 the Working Capital Subordination Deed Poll; and 

 

	 	(iv)	 the Subordination Deed entered into by NXE Australia Pty Limited and others on or about the date of this Deed Poll;

  

	 	(c)	 (Senior Debt Nomination Letters) duly executed Senior Debt Nomination Letters (as that term is
defined in the Subordination Deed and the Working Capital Subordination Deed Poll, in each case, referred to in clause 3(b)) duly executed by Foxtel nominating each Financier a Senior Lender, each Financier Representative
a Senior Lender Representative, each applicable Finance Document a Senior Debt Document and each Financiers’ commitment under each applicable Finance Document (other than a Swap

  

			
	  
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	Deed of Amendment	  	

  

	 	 
Agreement) as Senior Commitments for the purposes of the Subordination Deed and the Working Capital Subordination Deed Poll; 

 

	 	(d)	 (Lawyers’ Opinions) legal opinions of: 

 

	 	(i)	 Allens, Australian legal advisers to the Guarantors, in respect of this Deed Poll and the Guarantor Assumption Deed Poll
referred to in clause 3(b)(ii); and 

  

	 	(ii)	 Fennemore Craig, Nevada legal advisers to Century Programming Ventures Corp., in respect of this Deed Poll;

  

	 	(e)	 (Structure diagram) a structure diagram in respect of the NXEA Group; 

 

	 	(f)	 (know your customer) evidence of receipt of all “know your customer” documentation which
is reasonably required by a Financier Representative in respect of the New Guarantors to permit each Financer to carry out all necessary “know your customer” or other similar checks under all applicable anti-money laundering laws and
regulations; 

  

	 	(g)	 (Searches) ASIC searches of each Transaction Party incorporated in Australia; 

 

	 	(h)	 (Working Capital Facility Agreement) a certified copy of the Working Capital Facility Agreement; and

  

	 	(i)	 (Existing Syndicated Facilities) evidence that all conditions precedent referred to in clause 2 of
each Existing Syndicated Facility have been satisfied or waived by Commonwealth Bank of Australia as Facility Agent (other than the condition precedent relating to the Effective Date under this Deed Poll having, or going, to occur).

  

	4	 Finance Document 

This Deed Poll is a Finance Document for the purposes of the Amended CTDP and each other relevant Finance Document. 

 

	5	 Amendments not to effect validity, rights, obligations 

 

	 	(a)	 The amendments in clause 2 do not affect the validity or enforceability of the CTDP and except as specifically amended by
this Deed Poll, the provisions of the CTDP remain in full force and effect. 

  

	 	(b)	 Nothing in this Deed Poll: 

  

	 	(i)	 prejudices or adversely affects any right, power, authority, discretion or remedy arising under the CTDP before the
amendments in clause 2 take effect; or 

  

	 	(ii)	 discharges, releases or otherwise affects any liability or obligation arising under the CTDP before the amendments in
clause 2 take effect. 

  

	6	 Consents 

Each Guarantor consents to the amendments in clause 2. 
  

	7	 Affirmation 

  

	 	(a)	 Each Guarantor represents and warrants on the date of this Deed Poll and on the date that a Financer becomes a Consenting
Financier that all its representations and warranties in clause 4 of the Amended CTDP are true as though they had been made on that date in respect of the facts and circumstances then subsisting. 

  

			
	  
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	Deed of Amendment	  	

  

	 	(b)	 Each Guarantor represents and warrants on the date of this Deed Poll and on the date that a Financier becomes a
Consenting Financier that no Event of Default or Potential Event of Default subsists. 

  

	 	(c)	 Each Guarantor acknowledges that each Financier is relying on this Deed Poll (and on the representations and warranties
in this clause 7) in continuing to provide financial accommodation to each Borrower and in consenting to the amendments in clause 2. 

  

	8	 Enforceable nature 

This Deed Poll is enforceable against each party signing it even if a person named as a party does not sign or this Deed Poll is not enforceable against
any person for any reason. 
  

	9	 Severability of Provisions 

Any provision of this Deed Poll which is prohibited or unenforceable in any jurisdiction is ineffective as to that jurisdiction to the extent of the
prohibition or unenforceability. That does not invalidate the remaining provisions of this Deed Poll nor affect the validity or enforceability of that provision in any other jurisdiction. 

 

	10	 Governing Law and Jurisdiction 

This Deed Poll is governed by the laws of New South Wales. Each Guarantor submits to the non-exclusive
jurisdiction of courts exercising jurisdiction there. 
  

	11	 Counterparts 

This Deed Poll may be executed in any number of counterparts. All counterparts together will be taken to constitute one instrument. 

  

			
	  
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	Deed of Amendment	  	

  

 Schedule 1 

Guarantors 
  

									
	  

Name
  
	 	  

ABN/ACN/ARBN
  
	 	  

Address and Notice details
  
	 	 
	 	 			 
	 The Foxtel Partnership
	 	 	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 The Foxtel Television
	 	 	 	Address:	 	5 Thomas Holt Drive,	 	
	 Partnership
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Artson System Pty Ltd
	 	054 001 759	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Austar Entertainment Pty
	 	068 104 530	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Austar Satellite Pty Ltd
	 	080 269 030	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Austar Satellite Ventures
	 	082 617 829	 	Address:	 	5 Thomas Holt Drive,	 	
	 Pty Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Austar Services Pty Ltd
	 	068 521 880	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Austar United Broadband
	 	089 048 439	 	Address:	 	5 Thomas Holt Drive,	 	
	 Pty Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	

  

			
	  
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	Deed of Amendment	  	

  

									
	 	 	 	 	 
	 Austar United
	 	087 695 707	 	Address:	 	5 Thomas Holt Drive,	 	
	  

Communications Pty

Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 	 	  
 Attention:
	 	  
 Chief Operating Officer
	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Austar United Holdco1 Pty
	 	093 217 513	 	Address:	 	5 Thomas Holt Drive,	 	
	 Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Austar United Holdings Pty
	 	146 562 263	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Austar United Mobility Pty
	 	093 217 522	 	Address:	 	5 Thomas Holt Drive,	 	
	 Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Century United
	 	069 957 759	 	Address:	 	5 Thomas Holt Drive,	 	
	  

Programming Ventures Pty

Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 	 	  
 Attention:
	 	  
 Chief Operating Officer
	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Chippawa Pty. Ltd.
	 	068 943 635	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Continental Century Pay
	 	059 914 840	 	Address:	 	5 Thomas Holt Drive,	 	
	 TV Pty Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 CTV Pty. Ltd.
	 	064 416 128	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Customer Services Pty
	 	76 069 272 117	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	

  

			
	  
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	Deed of Amendment	  	

  

									
	 	 	 	 	 
	 Dovevale Pty. Ltd.
	 	068 943 591	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 eisa Finance Pty Limited
	 	086 005 585	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Foxtel Australia Pty
	 	151 691 753	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Foxtel Cable Television Pty
	 	45 069 008 797	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Foxtel Finance Pty Limited
	 	151 691 897	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Foxtel Holdings Pty
	 	151 690 327	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	Foxtel Management Pty Limited in its own capacity and as Foxtel Agent and as agent for the Foxtel Television
Partnership	 	65 068 671 938	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 		 	North Ryde NSW 2113	 	
	 	 	 	  
 Attention:
	 	  
 Chief Operating Officer
	 	
	 	 	 	  
 Facsimile:

 
	 	 (02) 9813 7606
  
	 	
	 	 			 
	 Foxtel Media Pty Limited
	 	72 069 279 027	 	Address:	 	Level 9	 	
	 	 	 	 		 	400 George Street	 	
	 	 	 	 		 	SYDNEY NSW 2000	 	
	 	 			 
	 	 	 	 	Attention:	 	Head of Media	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9223 4851
  
	 	
	 	 	 	 	 
	 Ilona Investments Pty. Ltd.
	 	068 943 626	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	

  

			
	  
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	Deed of Amendment	  	

  

									
	 	 	 	 	 
	 Jacolyn Pty. Ltd.
	 	064 744 869	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 			 
	 Kidillia Pty. Ltd.
	 	068 943 608	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 			 
	 LGI Bidco Pty Limited
	 	151 767 449	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 			 
	 LGI Investments 1 Pty
	 	151 765 007	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 			 
	 LGI Investments 2 Pty
	 	151 767 421	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 			 
	 Minorite Pty. Ltd.
	 	068 943 484	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 			 
	 Presto Entertainment Pty
	 	91 069 619 307	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 			 
	 Presto TV Pty Limited
	 	56 602 519 700	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 			 
	 Saturn (NZ) Holding
	 	088 052 000	 	Address:	 	5 Thomas Holt Drive,	 	
	 Company Pty Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	

  

			
	  
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	Deed of Amendment	  	

  

									
	 	 	 	 	 
	 Selectra Pty. Ltd.
	 	065 367 526	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Sky Cable Pty Limited
	 	14 069 799 640	 	Address:	 	Level 5, 2 Holt Street	 	
	 	 	 	 		 	Surry Hills NSW 2010	 	
	 	 			 
	 	 	 	 	Attention:	 	Company Secretary	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9288 3275
  
	 	
	 	 	 	 	 
	 Streamotion Pty Ltd
	 	97 072 725 289	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 STV Pty. Ltd.
	 	065 312 450	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 The Country Music
	 	075 911 554	 	Address:	 	5 Thomas Holt Drive,	 	
	 Channel Pty Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 The Weather Channel
	 	084 205 587	 	Address:	 	5 Thomas Holt Drive,	 	
	 Australia Pty Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 UAP Australia
	 	083 851 807	 	Address:	 	5 Thomas Holt Drive,	 	
	 Programming Pty Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Vinatech Pty. Ltd.
	 	065 366 314	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Windytide Pty. Ltd.
	 	068 943 546	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	

  

			
	  
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	Deed of Amendment	  	

  

									
	 	 	 	 	 
	 Wollongong Microwave Pty
	 	065 146 321	 	Address:	 	5 Thomas Holt Drive,	 	
	 Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 XYZnetworks Pty Limited
	 	066 812 119	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	
	 	 	 	 	 
	 Century Programming
	 	Not applicable	 	Address:	 	5 Thomas Holt Drive,	 	
	 Ventures Corp.
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	 Facsimile:
  
	 	 (02) 9813 7606
  
	 	

  

			
	  
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	Deed of Amendment	  	

  

 Schedule 2 
 Amended CTDP

  

			
	  
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 Common Terms Deed Poll 

NXEA Group 
 The Allens contact for this document is Alan Maxton 

 
 Allens 

Deutsche Bank Place 
 Corner Hunter and Phillip Streets 

Sydney  NSW  2000 
 T +61 2 9230 4000 

F +61 2 9230 5333 
 www.allens.com.au 

© Allens, Australia 2019  
 Allens is an independent partnership operating
in alliance with Linklaters LLP. 

			
	Common Terms Deed Poll	  	

  

									
	 Contents
	  		  			
			
	1        	  	Definitions and interpretation	  	 	1	 
		  	1.1      	  	Definitions	  	 	1	 
		  	1.2	  	Interpretation	  	 	13	 
		  	1.3	  	Inclusive expressions	  	 	15	 
		  	1.4	  	Business Day	  	 	15	 
		  	1.5	  	Accounting Standards	  	 	15	 
		  	1.6	  	Common terms	  	 	15	 
		  	1.7	  	Foxtel Agent	  	 	16	 
			
	2	  	Deed Poll	  	 	16	 
		  	2.1	  	Finance Parties and Finance Documents	  	 	16	 
		  	2.2	  	Removal of benefit for particular Finance Party	  	 	16	 
		  	2.3	  	Power of attorney	  	 	16	 
		  	2.4	  	Syndicated Facility Agreements	  	 	17	 
		  	2.5	  	Several application of Deed Poll	  	 	17	 
			
	3	  	Payments	  	 	18	 
		  	3.1	  	Payments	  	 	18	 
		  	3.2	  	Payments on a Business Day	  	 	18	 
		  	3.3	  	Appropriation of payments	  	 	18	 
		  	3.4	  	Payments in gross	  	 	18	 
		  	3.5	  	Additional payments	  	 	18	 
		  	3.6	  	Taxation deduction procedures	  	 	19	 
		  	3.7	  	Amounts payable on demand	  	 	19	 
		  	3.8	  	Rounding	  	 	19	 
			
	4	  	Representations and warranties	  	 	19	 
		  	4.1	  	Representations and warranties	  	 	19	 
		  	4.2	  	Survival and repetition of representations and warranties	  	 	23	 
		  	4.3	  	Reliance by Finance Parties	  	 	23	 
			
	5	  	Undertakings	  	 	23	 
		  	5.1	  	Provision of information and reports	  	 	23	 
		  	5.2	  	Financial Reports and accounts	  	 	24	 
		  	5.3	  	Notices	  	 	25	 
		  	5.4	  	Disposal of assets	  	 	25	 
		  	5.5	  	Negative pledge	  	 	26	 
		  	5.6	  	Financial accommodation	  	 	26	 
		  	5.7	  	Insurance	  	 	26	 
		  	5.8	  	Restrictions on Distributions	  	 	27	 
		  	5.9	  	Restrictions on dealings	  	 	27	 
		  	5.10	  	Restrictions on fees	  	 	27	 
		  	5.11	  	Payment of Taxes	  	 	27	 
		  	5.12	  	Financial Ratios	  	 	28	 
		  	5.13	  	Undertakings relating to the Business	  	 	29	 
		  	5.14	  	Undertakings relating to structure and corporate matters	  	 	29	 
		  	5.15	  	Swap Agreements	  	 	30	 
		  	5.16	  	Ranking	  	 	31	 
		  	5.17	  	Most favoured status	  	 	31	 
		  	5.18	  	Term of undertakings	  	 	31	 

  

			
	  
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	6        	  	Events of Default	  	 	32	 
		  	6.1      	  	Events of Default	  	 	32	 
		  	6.2	  	Effect of Event of Default	  	 	36	 
			
	7	  	Financial Calculations	  	 	36	 
			
	8	  	Guarantee	  	 	36	 
		  	8.1	  	Guarantee	  	 	36	 
		  	8.2	  	Payment	  	 	36	 
		  	8.3	  	Securities for other money	  	 	36	 
		  	8.4	  	Amount of Guaranteed Moneys	  	 	36	 
		  	8.5	  	Proof by Indemnified Parties	  	 	37	 
		  	8.6	  	Avoidance of payments	  	 	37	 
		  	8.7	  	Indemnity for avoidance of Guaranteed Moneys	  	 	37	 
		  	8.8	  	No obligation to marshal	  	 	38	 
		  	8.9	  	Non exercise of Guarantors’ rights	  	 	38	 
		  	8.10	  	Principal and independent obligation	  	 	38	 
		  	8.11	  	Suspense account	  	 	38	 
		  	8.12	  	Unconditional nature of obligations	  	 	39	 
		  	8.13	  	No competition	  	 	40	 
		  	8.14	  	Continuing guarantee	  	 	41	 
		  	8.15	  	Variation	  	 	41	 
		  	8.16	  	Judgments	  	 	41	 
		  	8.17	  	Additional Guarantors	  	 	41	 
		  	8.18	  	Undertakings concerning Additional Guarantors	  	 	41	 
		  	8.19	  	Release of Guarantors	  	 	42	 
		  	8.20	  	Commodity Exchange Act	  	 	42	 
			
	9	  	Increased costs and illegality	  	 	43	 
		  	9.1	  	Increased costs	  	 	43	 
		  	9.2	  	Illegality	  	 	44	 
			
	10	  	Interest on Overdue Amounts	  	 	44	 
		  	10.1	  	Accrual	  	 	44	 
		  	10.2	  	Payment	  	 	44	 
		  	10.3	  	Rate	  	 	45	 
			
	11	  	Indemnities	  	 	45	 
		  	11.1	  	General indemnity	  	 	45	 
		  	11.2	  	Continuing indemnities and evidence of loss	  	 	45	 
			
	12	  	Tax, costs and expenses	  	 	46	 
		  	12.1	  	Tax	  	 	46	 
		  	12.2	  	Costs and expenses	  	 	46	 
		  	12.3	  	GST	  	 	46	 
			
	13	  	Saving provisions	  	 	47	 
		  	13.1	  	No merger of security	  	 	47	 
		  	13.2	  	Exclusion of moratorium	  	 	47	 
		  	13.3	  	Conflict	  	 	48	 
		  	13.4	  	Consents	  	 	48	 
		  	13.5	  	Principal obligations	  	 	48	 
		  	13.6	  	No Obligation to marshal	  	 	48	 
		  	13.7	  	Non avoidance	  	 	48	 

  

			
	  
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	Common Terms Deed Poll	  	

  

									
		  	13.8	  	Set off authorised	  	 	48	 
		  	13.9	  	Certificates and approvals	  	 	49	 
		  	13.10	  	No reliance or other obligations and risk assumption	  	 	49	 
			
	14        	  	Assignments	  	 	49	 
			
	15	  	General	  	 	49	 
		  	15.1	  	Notices	  	 	49	 
		  	15.2	  	Governing law and jurisdiction	  	 	51	 
		  	15.3	  	Prohibition and enforceability	  	 	52	 
		  	15.4	  	Waivers	  	 	52	 
		  	15.5	  	Variation	  	 	52	 
		  	15.6	  	Cumulative rights	  	 	52	 
		  	15.7	  	Counterparts	  	 	52	 
		  	15.8	  	Attorneys	  	 	53	 
		  	15.9	  	U.S. Patriot Act	  	 	53	 
		  	15.10	  	No Fiduciary Relationship	  	 	53	 
		  	15.11	  	Sanctions	  	 	53	 
		  	15.12	  	Acknowledgement regarding any Supported QFCs	  	 	54	 
			
	16	  	Confidentiality	  	 	55	 
		  	16.1	  	Confidentiality	  	 	55	 
		  	16.2	  	Permitted disclosure	  	 	55	 
		  	16.3	  	Survival of obligation	  	 	56	 
			
	17	  	PPSA	  	 	56	 
			
	18	  	Determination of Majority Financiers	  	 	56	 
			
	19	  	Disenfranchisement for certain Debt Purchase Transactions	  	 	57	 
			
	 Schedule 1
	  		  	 	59	 
		  	Guarantors	  	 	59	 
			
	 Schedule 2
	  		  	 	65	 
		  	Form of Finance Party Nomination Letter	  	 	65	 
			
	 Schedule 3
	  		  	 	66	 
		  	Group Structure Diagram	  	 	66	 
			
	 Schedule 4
	  		  	 	67	 
		  	Compliance Certificate	  	 	67	 
			
	 Schedule 5
	  		  	 	69	 
		  	Form of Guarantor Assumption Deed Poll	  	 	69	 
			
	 Schedule 6
	  		  	 	71	 
		  	Form of Additional Guarantor Verification Certificate	  	 	71	 
			
	 Schedule 7
	  		  	 	72	 
		  	Form of Deed of Release	  	 	72	 

  

			
	  
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	Common Terms Deed Poll	  	

  

 This Deed Poll is made on 10 April 2012, as amended on or about ____________ 2019 

Parties 
  

	1	         NXE Australia Pty Limited ACN 625 190 990 of 5 Thomas Holt Drive,
North Ryde, NSW (NXEA); 

  

	2	         Foxtel Management Pty Limited ABN 65 068 671 938 of 5 Thomas Holt
Drive, North Ryde, NSW, 2113 in its own         capacity (Foxtel); and  

  

	3	         Each entity listed in Schedule 1 (each an Initial
Guarantor). 

 Recitals 
  

	A	         The Finance Parties have or may from time to time provide financial
accommodation to Foxtel, Foxtel Finance or the         Guarantors. 

  

	B	         Foxtel, Foxtel Finance and the Guarantors enter into this Deed Poll for
valuable consideration. 

  

	C	         It is a condition to the obligation of the Finance Parties to extend or
continue extending financial accommodation to or at the         request of the Borrowers that NXEA, Foxtel, Foxtel Finance and the other Initial Guarantors enter into this Deed Poll. 

It is agreed as follows. 
  

	1	 Definitions and interpretation 

 

	1.1	 Definitions 

In this Deed Poll: 
 Accounting
Standards means accounting standards, principles and practices applying by law or otherwise generally accepted, and consistently applied, in Australia. 

Additional Guarantor means a person who becomes an additional guarantor in accordance with clause 8.17. 

Approved Auditor means: 

(a)        PricewaterhouseCoopers; 

(b)        KPMG; 

(c)        Ernst & Young; 

(d)        Deloittes; or 

(e)        such other firm of chartered accountants as is approved by the Majority Financiers (acting
reasonably). 
 Approved Hedging Policy means the latest hedging policy provided to the Financier Representatives on or prior to the
Effective Date, as amended, replaced or updated by the delivery of a new hedging policy under clause 5.1(f).  
 ASIC means
the Australian Securities and Investments Commission.  
 Associate means an associate as defined in section 318 of the Tax
Act of: 
 (a)        a Transaction Party; or 

  

			
	  
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	Common Terms Deed Poll	  	

  

 (b)         a Shareholder, 

other than a member of the NXEA Group. 

Auditor means, in relation to the NXEA Consolidated Group, the Approved Auditor from time to time selected as its auditor by NXEA. 

Authorisation means: 

(a)         any consent, registration, filing, agreement, notice of
non-objection, notarisation, certificate, licence, approval, permit,               authority or exemption; or 

(b)         in relation to anything which a Government Agency may prohibit or restrict within a specific
period, the expiry of that              period without intervention or action or notice of intended intervention or action. 

Bill means a bill of exchange as defined in the Bills of Exchange Act 1909 (Cth). 

Borrower means, in relation to a Finance Document, each member of the NXEA Group who incurs liability (otherwise than under a Guarantee)
in respect of Finance Debt (actually or contingently): 
 (a)         as a borrower under a credit or other
borrowing facility made available to it under that Finance Document; 
 (b)         as the person for
whose account a Guarantee is issued under that Finance Document; 
 (c)         if that Finance Document
is a Swap Agreement, as the counterparty under that Swap Agreement and any transaction              entered into under that Swap Agreement; or 

(d)         as the counterparty under that Finance Document, 

in each case whether as an original party to that Finance Document or as a party who has acceded to or otherwise become bound by that Finance Document
in accordance with its terms.  
 Business means the business, conducted from time to time by the NXEA Group, of video
entertainment and related services for delivery on any form of technology for which subscribers must pay a fee (other than in respect of the retransmitted national and commercial television broadcast services) and/or the provision of
telecommunications services, together with the ability to make the services it provides available on a wholesale basis including to infrastructure operators. 

Business Day means a day on which banks are open for business in Sydney excluding a Saturday, Sunday or public holiday. 

Calculation Date means the last day of each March, June, September and December.  

Calculation Period means a 12 month period ending on a Calculation Date. 

Cash means, as at any Calculation Date, the amount of cash and cash equivalents as at such Calculation Date and as shown in the Compliance
Certificate delivered under clause 5.1 for that Calculation Date (as supported by the relevant accounts), which are freely available to a member of the NXEA Consolidated Group (without having any obligation to be applied) for the repayment of
Finance Debt on that date. 
 Change in Law means the commencement of, introduction of or change in any law, regulation, treaty, order or
official directive or request including any law with regard to capital adequacy, prudential limits, liquidity, reserve requirement ratio, liquidity ratio, liabilities ratio or other requirement or restriction (which, if not having the force of law,
would be complied with by a responsible financial institution) which: 
 (a)         occurs after the
Effective Date; and 

  

			
	  
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	Common Terms Deed Poll	  	

  

 (b)         does not relate to a change in Tax imposed on the
overall net income of a Financier.  
 Commitment means in relation to a Finance Document, the aggregate principal amount
of financial accommodation which a Financier or group of Financiers has committed to provide to a Borrower under that Finance Document (excluding any commitment in respect of a Swap Agreement). 

Compliance Certificate means a certificate in the form of schedule 4.  

Control means control as defined in section 50AA of the Corporations Act.  

Controller has the meaning given to the word ‘controller’ in the Corporations Act.  

Corporations Act means the Corporations Act 2001 (Cth). 

Customer Services means Customer Services Pty Limited (ACN 069 272 117).  

Deed of Release means a deed of release substantially in the form of schedule 7. 

Default means: 

(a)         an Event of Default; or 

(b)         a Potential Event of Default. 

Distribution means any payment or distribution (in cash or in kind), including by interest, dividend, return of capital, repayment or
redemption, to or for the benefit of any Shareholder or Associate of any of them (other than a member of the NXEA Group), but excluding any payment made as consideration for the supply of goods or services by any Shareholder or Associate which is
not made in excess of a payment on arms length commercial terms. 
 Dollars, A$ and $ means the lawful
currency of the Commonwealth of Australia. 
 EBITDA means, in respect of any period, the total amount of consolidated earnings before:

 (a)         interest; 

(b)         Tax; 

(c)         depreciation and amortisation; 

(d)         any amounts relating to the impairment of assets; 

(e)         items of income or expense which are considered to be outside the ordinary course of business
and are regarded              as ‘exceptional items’ or ‘significant items’ (or another term in place of that term) in the accounts; and 

(f)          fair value adjustments of financial derivatives that are not effective hedging instruments
under the Accounting Standards, 
 of the NXEA Consolidated Group as shown in the most recent Compliance Certificate delivered under clause 5.1 for
that period, as supported by the relevant accounts. However, EBITDA will be adjusted for non-cash amortisation changes in accounting estimates in relation to the change from straight line to accelerated
amortisation for certain entertainment programming inventory provided that such adjustment in aggregate in any financial year is no greater than as outlined in the table below: 

 

							
	 	 	 	 
	 Financial
year
	  	 Financial year
	  	 Financial year
	  	 On and from

	 2020
	  	2021	  	2022	  	 financial year

	  	  	  	  	  	  	2023
	 	 	 	 
	
A$62m
	  	 A$30m
	  	 A$12m
	  	 Nil

  

			
	  
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	Common Terms Deed Poll	  	

  

 For the avoidance of doubt, in respect of any securitisation, factoring or similar financing of
receivables, EBITDA shall not double count the income from such program and the receivables the subject thereof. 
 EBITDA of the NXEA
Group has the meaning given to ‘EBITDA’ but as if the reference to ‘NXEA Consolidated Group’ in that definition is to ‘NXEA Group’. 

Effective Date has the meaning given to that term in the Deed of Amendment (Common Terms Deed Poll) dated on or about _______________2019
between, among others, Foxtel and each other person named in Schedule 1 thereto. 
 Encumbrance means an interest or power: 

 

	 	(a)	 reserved in or over an interest in any asset including any retention of title; or 

 

	 	(b)	 created or otherwise arising in or over any interest in any asset under a bill of sale, mortgage, charge, lien, pledge,
trust or power, 

 by way of, or having similar commercial effect to, security for the payment of a debt, any other monetary
obligation or the performance of any other obligation, and includes any agreement to grant or create any of the above. 
 For the avoidance of doubt,
it excludes an interest that is a ‘security interest’ for the purposes of section 12(3) of the PPSA if that interest does not in substance secure payment of money or performance of an obligation. 

Environmental Law means any law, whether statute or common law including regulations, relating to environmental matters, and includes any
law concerning land use, development, pollution, waste disposal, toxic and hazardous substances, conservation of natural or cultural resources and resource allocation (including any law relating to exploration for, or development or exploitation of,
any natural resource), use of dangerous goods, the protection of human health or any other aspect of protection of the environment. 

Equity means amounts provided, or to be provided, by a Shareholder to NXEA by way of: 

 

	 	(a)	 subscription for shares; 

  

	 	(b)	 Subordinated Debt; or 

  

	 	(c)	 such other form agreed by the Majority Financiers. 

Establishment Agreement means: 
  

	 	(a)	 the FOXTEL Television Partnership Agreement; 

 

	 	(b)	 the FOXTEL Partnership Agreement; and 

 

	 	(c)	 the Management Agreement dated 14 April 1997 between the FOXTEL Television Partnership, FOXTEL and FOXTEL Cable as
amended from time to time. 

 Event of Default means any event specified in clause 6.1 or any other event agreed in
writing to be an Event of Default for the purposes of this Deed Poll by Foxtel and the Financier Representatives. 
 Excluded Tax means:

  

	 	(a)	 GST; 

  

	 	(b)	 a Tax imposed upon any Finance Party as a result of that person not providing any of its name, address, tax file number,
Australian Business Number, registration number or similar details or relevant tax exemption or similar details when requested by Foxtel; or 

  

	 	(c)	 a Tax imposed by any jurisdiction on the net income of any Finance Party. 

  

			
	  
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	Common Terms Deed Poll	  	

  

 Finally Paid means, in respect of the Guaranteed Moneys or any other monetary liability:

  

	 	(a)	 payment or satisfaction of it in full and at the time of payment or satisfaction there are no reasonable grounds for
suspecting that the payer is insolvent or would become insolvent; or 

  

	 	(b)	 payment or satisfaction of it in full and if at the time of payment or satisfaction there are reasonable grounds for
suspecting that the payer is insolvent or would become insolvent, during the 6 month period from and including the day after the payment or satisfaction, no person, including a Transaction Party, liquidator, provisional liquidator, administrator,
official manager, trustee in bankruptcy, receiver, receiver and manager, other controller (as defined in the Corporations Act) or similar official, exercises a right to recoup or claim repayment of any part of the amount paid or satisfied, whether
under the laws of preferences, fraudulent dispositions or otherwise. 

 Finance Debt means any debt or other monetary
liability in respect of moneys borrowed or raised or any financial accommodation including under or in respect of any: 
  

	 	(a)	 bill of exchange, bond, debenture, note or similar instrument; 

 

	 	(b)	 acceptance, endorsement or discounting arrangement; 

 

	 	(c)	 Guarantee; 

  

	 	(d)	 Swap Agreement; 

  

	 	(e)	 lease or hire purchase contract, which would, in accordance with the Accounting Standards be treated as a finance or
capital lease but excludes any indebtedness in respect of any lease or hire purchase contract which, in accordance with the Accounting Standards prior to 1 January 2019, would have been treated as an operating lease (and for the avoidance of
doubt, any change to this treatment pursuant to AASB16 applying after 1 January 2019 shall be ignored); 

  

	 	(f)	 agreement for the deferral (of at least 120 days) of a purchase price or other payment in relation to the acquisition of
any asset or service; 

  

	 	(g)	 obligation to deliver goods or provide services paid for in advance by any financier; or 

 

	 	(h)	 agreement for the payment of capital or premium on the redemption of any preference shares; 

and irrespective of whether the debt or liability: 
  

	 	(i)	 is present or future; 

  

	 	(j)	 is actual, prospective, contingent or otherwise; 

 

	 	(k)	 is at any time ascertained or unascertained; 

 

	 	(l)	 is owed or incurred alone or severally or jointly or both with any other person; or 

 

	 	(m)	 comprises any combination of the above, 

but excluding: 
  

	 	(n)	 any debt or monetary liability in respect of any trade payables facility or arrangement that is non-recourse to the Transaction Parties (other than customary non-recourse exceptions); and 

 

	 	(o)	 any securitisation, factoring or similar financing of receivables that is
non-recourse to the Transaction Parties (other than customary non-recourse exceptions). 

Finance Document means: 

  

			
	  
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	Common Terms Deed Poll	  	

  

	 	(a)	 this Deed Poll; 

  

	 	(b)	 any Guarantee Assumption Deed Poll; 

 

	 	(c)	 with respect to a Financier or its Financier Representative: 

 

	 	(i)	 each document designated as such in a Finance Party Nomination Letter (which may include a Syndicated Facility Agreement
or a Swap Agreement); and 

  

	 	(ii)	 each other document which Foxtel and that Financier or its Financier Representative may from time to time agree is a
Finance Document; 

  

	 	(d)	 any Deed of Release; and 

  

	 	(e)	 any other document or agreement entered into or given under or in connection with, or for the purpose of amending or
novating, any of the above. 

 Finance Party means: 

 

	 	(a)	 any Financier Representative; or 

 

	 	(b)	 any Financier, 

unless they have ceased to be a Finance Party in accordance with this Deed Poll. 

Finance Party Nomination Letter means, in relation to a Finance Party, a letter substantially in the form of schedule 2. 

Financial Report means, in relation to an entity, the following financial statements and information in relation to the entity: 

 

	 	(a)	 a statement of financial performance; 

 

	 	(b)	 a statement of financial position; and 

 

	 	(c)	 a statement of cashflows. 

Financial Ratio means an undertaking described at clause 5.12. 

Financier means each person designated as a ‘Financier’ in a Finance Party Nomination Letter. 

Financier Representative means, in relation to a Financier: 
  

	 	(a)	 the person designated as that Financier’s Financier Representative in the relevant Finance Party Nomination Letter;
or 

  

	 	(b)	 if no such person is designated, that Financier. 

Foxtel Agent means Foxtel Management Pty Limited as agent for the Partners as a partnership carrying on the business of the Foxtel
Partnership. 
 Foxtel Cable means Foxtel Cable Television Pty Limited (ACN 069 008 797). 

Foxtel Media means Foxtel Media Pty Limited (ABN 72 069 279 027) (formerly Telstra Media Pty Limited). 

Foxtel Partnership means the partnership constituted by the Foxtel Partnership Agreement. 

Foxtel Partnership Agreement means the partnership agreement dated 14 April 1997 as amended and restated on 3 December 1998 and
3 April 2018 between each Partner and the Foxtel Agent. 
 Foxtel Television Partnership means the partnership constituted by the
Foxtel Television Partnership Agreement. 

  

			
	  
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	Common Terms Deed Poll	  	

  

 Foxtel Television Partnership Agreement means the partnership agreement dated
14 April 1997 as amended and restated on 3 December 1998 and 3 April 2018 between each Partner and Foxtel Cable. 
 Funding
Period means any interest period, funding period or other period (whatever called) by reference to which interest rates applicable to any financial accommodation provide under a Finance Document are calculated or determined. 

Good Business Practice means the exercise of the standard of skill, prudence and operating, management and business practice which would
reasonably and ordinarily be expected from a skilled and experienced owner and operator engaged in the same business as the Business under similar circumstances. 

Government Agency means any government or any governmental, semi governmental, administrative, fiscal or judicial body, department,
commission, authority, tribunal, agency or entity. 
 Group Structure Diagram means the group structure diagram in schedule 3, as amended
or updated by the delivery of a new diagram under clause 5.1(e). 
 GST means the goods and services tax levied under the GST Act. 

GST Act means a New Tax System (Goods and Services Tax) Act 1999 (Cth). 

Guarantee means any guarantee, suretyship, letter of credit, letter of comfort or any other obligation: 

 

	 	(a)	 to provide funds (whether by the advance or payment of money, the purchase of or subscription for shares or other
securities, the purchase of assets or services, or otherwise) for the payment or discharge of; 

  

	 	(b)	 to indemnify any person against the consequences of default in the payment of; or 

 

	 	(c)	 to be responsible for, 

any debt or monetary liability of another person or the assumption of any responsibility or obligation in respect of the insolvency or the financial
condition of any other person. 
 Guarantee Assumption Deed Poll means a deed poll substantially in the form of schedule 5. 

Guaranteed Moneys means all debts and monetary liabilities of each Transaction Party to the Finance Parties under or in relation to any
Finance Document and in any capacity, irrespective of whether the debts or liabilities: 
  

	 	(a)	 are present or future; 

  

	 	(b)	 are actual, prospective, contingent or otherwise; 

 

	 	(c)	 are at any time ascertained or unascertained; 

 

	 	(d)	 are owed or incurred by or on account of any Transaction Party alone, or severally or jointly with any other person;

  

	 	(e)	 are owed to or incurred for the account of any Finance Party alone, or severally or jointly with any other person;

  

	 	(f)	 are owed to any other person as agent (whether disclosed or not) for or on behalf of any Finance Party;

  

	 	(g)	 are owed or incurred as principal, interest, fees, charges, taxes, duties or other imposts, damages (whether for breach
of contract or tort or incurred on any other ground), losses, costs or expenses, or on any other account; 

  

	 	(h)	 are owed to or incurred for the account of any Finance Party directly or as a result of: 

  

			
	  
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	Common Terms Deed Poll	  	

  

	 	(i)	 the assignment or transfer to any Finance Party of any debt or liability of any Transaction Party (whether by way of
assignment, transfer or otherwise); or 

  

	 	(ii)	 any other dealing with any such debt or liability; 

 

	 	(i)	 are owed to or incurred for the account of a Finance Party before the Effective Date, or before the date of any
assignment of any Finance Document to any Finance Party by any other person or otherwise; or 

  

	 	(j)	 comprise any combination of the above. 

Guarantor means: 
  

	 	(a)	 any Initial Guarantor; or 

  

	 	(b)	 any Additional Guarantor, 

who has not ceased to be a Guarantor in accordance with clause 8.19 of this Deed Poll. 

Indemnified Party means any Finance Party and, for the purposes of clause 11 only, includes each affiliate, director, officer, employee or
agent of or advisor to a Finance Party. 
 Insolvency Event means an event described in clause 6.1(f) or (g). 

Insurance means the insurances required to be taken out under clause 5.7. 

Intellectual Property means: 
  

	 	(a)	 all trade secrets, confidential information, know-how, patents, trade marks,
designs, service marks, business names, copyright and computer programmes which are material to the Business; and 

  

	 	(b)	 any interest (including by way of licence) in any of the above, 

in each case whether registered or not and including all applications for same. 

Interest Cover Ratio means, in respect of any period ending on a Calculation Date, the ratio of A:B where: 

 

	 	‘A’	 is EBITDA for that period; and 

 

	 	‘B’	 is Interest Service for that period. 

For the purpose of calculating the Interest Cover Ratio, if any Transaction Party or other member of the NXEA Consolidated Group acquires or disposes of
any entity or business or part of a business during any relevant Calculation Period, EBITDA and Interest Service for such period shall be determined on a pro forma basis assuming that such acquisition or disposal had occurred as of the first day of
that Calculation Period. 
 Any such pro forma adjustment shall be disclosed in the Compliance Certificate relating to that Calculation Period.
 
 Interest Expenses means interest and amounts in the nature of, or having a similar purpose or effect to, interest and
includes: 
  

	 	(a)	 discount on a Bill or other instrument; 

 

	 	(b)	 fees and amounts incurred on a regular or recurring basis, such as line fees; and 

 

	 	(c)	 capitalised amounts of the same or similar name to the foregoing. 

Interest Service means, in respect of any period, without double counting: 

 

	 	(a)	 the aggregate amount of all Interest Expenses, rentals, any other recurrent payments of a similar nature (including gross-ups and increased cost payments) and any other recurring fees, costs and expenses paid during that period, in each case under or in relation to any 

  

			
	  
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	Common Terms Deed Poll	  	

  

 Finance Debt of any member of the NXEA Consolidated Group including cash interest paid (but not
capitalised interest) on any Subordinated Debt but which shall not include any such payments in respect of transactions between any 2 members of the NXEA Consolidated Group; 

plus or minus 
  

	 	(b)	 the net amount of any difference between payments by or to a Transaction Party under the Swap Agreements relating to
interest rates during that period; 

 minus 
  

	 	(c)	 the aggregate amount of interest or amounts in the nature of interest or of similar effect to interest received by a
member of the NXEA Consolidated Group (excluding any such amount received from another member of the NXEA Consolidated Group); and 

  

	 	(d)	 any early termination costs in relation to a Swap Agreement. 

Ipso Facto Event means a Borrower is the subject of: 
  

	 	(a)	 an announcement, application, compromise, arrangement, managing controller, or administration as described in section
415D(1), 434J(1) or 451E(1) of the Corporations Act; or 

  

	 	(b)	 any process which under any law with a similar purpose may give rise to a stay on, or prevention of, the exercise of
contractual rights. 

 Loss means any claim, action, damage, loss, liability, cost, charge, expense, outgoing or
payment. 
 Majority Financiers means at any time, one or more Financiers whose aggregate Commitments are 66.67% or more of the total
Commitments of all Financiers at that time, as determined in accordance with clause 18. 
 Material Adverse Effect means a material
adverse effect upon: 
  

	 	(a)	 the ability of a Transaction Party to perform any of its obligations (other than any immaterial obligation) under any
Finance Document; 

  

	 	(b)	 the rights and remedies of a Finance Party under the Finance Documents; 

 

	 	(c)	 the validity or enforceability of the whole or any material part of a Finance Document; or 

 

	 	(d)	 the assets, business, operations or financial condition of the NXEA Group as a whole. 

Material Document means: 
  

	 	(a)	 any Finance Document; 

  

	 	(b)	 each Establishment Agreement; and 

 

	 	(c)	 any other document as agreed by Foxtel and a Financier Representative. 

Net Debt means, as at any Calculation Date, the aggregate amount of all Finance Debt of the NXEA Consolidated Group on a consolidated basis
as shown in the Compliance Certificate delivered under clause 5.1 for that Calculation Date, as supported by the relevant accounts (after taking into account the marked to market value of any foreign currency exchange hedging transactions (or, if
any actual amount is due as a result of the termination or close-out of any such hedging transaction, that amount)) excluding Subordinated Debt and any non-interest
bearing current liabilities existing at the Effective Date owed to an Associate or a Shareholder up to an aggregate amount not exceeding $25,000,000 and less an amount equal to Cash as at such Calculation Date. 

Net Debt to EBITDA Ratio means, in relation to any Calculation Date, the ratio of A:B where: 

  

			
	  
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	Common Terms Deed Poll	  	

  

	 	‘A’	 is Net Debt on that Calculation Date; and 

 

	 	‘B’	 is EBITDA for the Calculation Period ending on that Calculation Date. 

For the purpose of calculating the Net Debt to EBITDA Ratio, if any Transaction Party or other member of the NXEA Consolidated Group acquires or disposes
of any entity or business or part of a business during any relevant Calculation Period, EBITDA for such period shall be determined on a pro forma basis assuming that such acquisition or disposal had occurred as of the first day of that Calculation
Period. 
 Any such pro forma adjustment shall be disclosed in the Compliance Certificate relating to that Calculation Period.  

News Corp means News Corporation or one of its wholly owned Subsidiaries. 

NXEA Consolidated Group means NXEA and its Subsidiaries from time to time. 

NXEA Group means: 
  

	 	(a)	 NXEA; 

  

	 	(b)	 Foxtel Media; 

  

	 	(c)	 Fox Sports Australia Pty Limited (ACN 065 445 418); 

 

	 	(d)	 Sky Cable; 

  

	 	(e)	 the Foxtel Partnership; 

  

	 	(f)	 the Foxtel Television Partnership; 

 

	 	(g)	 Foxtel Management Pty Limited, in its own capacity, as Foxtel Agent and as agent for the Foxtel Television Partnership;

  

	 	(h)	 Foxtel Cable; 

  

	 	(i)	 Customer Services; 

  

	 	(j)	 Streamotion; 

  

	 	(k)	 Presto Entertainment; 

  

	 	(l)	 Foxtel Holdings Pty Limited (ACN 151 690 327); 

 

	 	(m)	 Presto TV Pty Limited (ACN 602 519 700); and 

 

	 	(n)	 each wholly-owned subsidiary of each of the entities described at paragraphs (a) to (m) above.

 Officer means: 
  

	 	(a)	 in relation to a Transaction Party or a Shareholder, a director or a secretary, or a person notified to be an authorised
officer, of the Transaction Party or Shareholder (as the case may be) or in the case of the Foxtel Partnership and the Foxtel Television Partnership, a director or a secretary or a person notified to be an authorised officer of the Foxtel Agent; and

  

	 	(b)	 in relation to a Finance Party, any person whose title includes the word ‘Director’, ‘Managing
Director’, ‘Head’, ‘Executive’, ‘Manager’ or ‘Vice President’, and any other person appointed by the Finance Party to act as its authorised officer for the purposes of the Finance Documents.

 Partner means: 
  

	 	(a)	 Sky Cable; or 

  

	 	(b)	 Foxtel Media. 

  

			
	  
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	Common Terms Deed Poll	  	

  

 Partnership Property means, in respect of a Partner, all of the present and future
undertakings, assets and rights of that Partner in and to the undertakings, assets and rights of the Foxtel Partnership or the Foxtel Television Partnership (as applicable). 

Permitted Distribution means a Distribution made where the conditions in clause 5.8 are satisfied. 

Permitted Encumbrance means: 
  

	 	(a)	 a lien arising by operation of law in the ordinary course of its business securing: 

 

	 	(i)	 an obligation that is not yet due; or 

 

	 	(ii)	 if due but unpaid, indebtedness which is being contested in good faith; 

 

	 	(b)	 retention of title arrangements entered into in the ordinary course of its ordinary business for a period of less than
120 days; 

  

	 	(c)	 an Encumbrance over or affecting any asset acquired by a member of the NXEA Group after the Effective Date if:

  

	 	(i)	 it was not created in contemplation of the acquisition of that asset by a member of the NXEA Group;

  

	 	(ii)	 the principal amount secured has not been increased in contemplation of, or since the acquisition of that asset by a
member of the NXEA Group; and 

  

	 	(iii)	 it is removed or discharged within 3 months of the date of acquisition of such asset; 

 

	 	(d)	 an Encumbrance over or affecting any asset of an entity which becomes a member of the NXEA Group after the Effective
Date, where the Encumbrance is created prior to the date on which that entity becomes a member of the NXEA Group, if: 

  

	 	(i)	 it was not created in contemplation of the acquisition of that entity by a member of the NXEA Group;

  

	 	(ii)	 the principal amount secured has not been increased in contemplation, or since the acquisition, of that asset by a member
of the NXEA Group; and 

  

	 	(iii)	 it is removed or discharged within 3 months of the date of acquisition of such entity; 

 

	 	(e)	 any other Encumbrance securing Finance Debt provided the aggregate principal amount of Finance Debt having the benefit of
all such Encumbrances and any Permitted Financial Accommodation referred to in paragraph (g) of that definition does not exceed 10% of Total Assets of the NXEA Consolidated Group at that time; or 

 

	 	(f)	 an Encumbrance created or existing with the consent of the Majority Financiers. 

Permitted Financial Accommodation means any financial accommodation provided by a Transaction Party: 

 

	 	(a)	 under the Finance Documents; 

  

	 	(b)	 to another Transaction Party or a member of the NXEA Group; 

 

	 	(c)	 which is funded by Equity; 

  

	 	(d)	 in respect of the performance of the obligations of another Transaction Party or a member of the NXEA Group;

  

	 	(e)	 with the prior written consent of the Majority Financiers; 

  

			
	  
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	Common Terms Deed Poll	  	

  

	 	(f)	 to customers in the ordinary course of business and on arms length commercial terms provided that such financial
accommodation does not constitute consumer credit which is available to its customers generally and is regulated by the National Credit Code; or 

  

	 	(g)	 otherwise where the aggregate principal amount provided and any Finance Debt secured by a Permitted Encumbrance referred
to in paragraph (e) of that definition does not exceed 10% of Total Assets of the NXEA Consolidated Group at that time. 

Potential Event of Default means any thing which would become an Event of Default on the giving of notice (whether or not notice is
actually given), the expiration of time or any combination of the above. 
 Power means any right, power, authority, discretion or remedy
conferred on any Indemnified Party by any Finance Document or any applicable law. 
 PPSA means the Personal Property Securities
Act 2009 (Cwth). 
 Presto Entertainment means Presto Entertainment Pty Limited (ABN 91 069 619 307) (formerly The Racing Channel Cable-TV Pty Limited). 
 Related Body Corporate means a ‘related body corporate’ as that
expression is defined in section 50 of the Corporations Act but as if “body corporate” included any trust, partnership or other entity. 

Same Day Funds means immediately available cleared funds. 

Shareholder means: 
  

	 	(a)	 Telstra; or 

  

	 	(b)	 News Corp. 

Sky Cable means Sky Cable Pty Limited (ABN 14 069 799 640). 

Streamotion means Streamotion Pty Ltd (ABN 97 072 725 289) (formerly Artist Services Cable Management Pty Limited). 

STU means set top unit (including a refurbished or rebirthed set top unit).  

Subordinated Debt means, at any time: 
  

	 	(a)	 Finance Debt of any member of the NXEA Group which is the subject of a Subordination Deed; or 

 

	 	(b)	 Finance Debt under the Working Capital Facility Agreement which has been converted to Subordinated Debt under the terms
of the Working Capital Subordination Deed Poll. 

 Subordination Deed means: 

 

	 	(a)	 the Subordination Deed Poll so entitled dated on or about the Effective Date between News Pty Limited and NXEA; or

  

	 	(b)	 any other subordination deed or deed poll in a form approved by the Majority Financiers, 

under which the Finance Debt provided to a Transaction Party is subordinated to all other Finance Debt provided under the Finance Documents. 

Subsidiary means a subsidiary as defined in section 46 of the Corporations Act but as if “body corporate” included any trust,
partnership or other entity. 
 Swap Agreement means each interest rate or foreign exchange transaction, including any master agreement
and any transaction or confirmation under it, entered into by a Transaction Party. 

  

			
	  
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	Common Terms Deed Poll	  	

  

 Syndicated Facility Agreement means each Finance Document which is designated as a
‘Syndicated Facility Agreement’ in a Finance Party Nomination Letter. 
 Tax means: 

 

	 	(a)	 any tax including the GST, levy, charge, impost, duty, fee, deduction, compulsory loan or withholding; or

  

	 	(b)	 any income, stamp or transaction duty, tax or charge, 

which is assessed, levied, imposed or collected by any Government Agency and includes any interest, fine, penalty, charge, fee or other amount imposed on
or in respect of any of the above. 
 Tax Act means the Income Tax Assessment Act 1936 (Cth) or the Income Tax Assessment
Act 1997 (Cth), as applicable. 
 Tax Invoice includes any document or record treated by the Commissioner of Taxation as a tax
invoice or as a document entitling a recipient to an input tax credit. 
 Telstra means Telstra Corporation Limited (ABN 33 051 775 556).

 Total Assets means at any time the aggregate book value of all of the assets of the relevant entity or entities at that time. 

Transaction Party means: 
  

	 	(a)	 NXEA; 

  

	 	(b)	 Foxtel; 

  

	 	(c)	 a Borrower; 

  

	 	(d)	 a Guarantor; or 

  

	 	(e)	 any other Transaction Party, now or in the future, defined as such in a Finance Document. 

Transactions means the transactions contemplated by the Finance Documents.  

wholly-owned subsidiary has the meaning given to that expression in the Corporations Act.  

Working Capital Facility Agreement means the agreement so entitled dated 24 July 2019 between FS (Australia) I Pty Limited and the
Foxtel Agent. 
 Working Capital Subordination Deed Poll means the deed poll so entitled dated on or about the Effective Date between FS
(Australia) I Pty Limited and the Foxtel Agent. 
 1.2     Interpretation 

In a Finance Document, headings and bold type are for convenience only and do not affect the interpretation of a Finance Document and, unless the context
otherwise requires: 
  

	 	(a)	 words importing the singular include the plural and vice versa; 

 

	 	(b)	 words importing a gender include any gender; 

 

	 	(c)	 other parts of speech and grammatical forms of a word or phrase defined in this Deed Poll have a corresponding meaning;

  

	 	(d)	 an expression importing a natural person includes any company, partnership, joint venture, association, corporation or
other body corporate and any Government Agency; 

  

	 	(e)	 a reference to any thing (including any right) includes a part of that thing but nothing in this clause 1.2(e) implies
that performance of part of an obligation constitutes performance of the obligation; 

  

			
	  
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	Common Terms Deed Poll	  	

  

	 	(f)	 a reference to a clause, party, annexure, exhibit or schedule is a reference to a clause of, and a party, annexure,
exhibit and schedule to, a Finance Document and a reference to a Finance Document includes any annexure, exhibit and schedule to that Finance Document; 

  

	 	(g)	 a reference to a statute, regulation, proclamation, ordinance or by law includes all statutes, regulations,
proclamations, ordinances or by laws amending, consolidating or replacing it, whether passed by the same or another Government Agency with legal power to do so, and a reference to a statute includes all regulations, proclamations, ordinances and by
laws issued under that statute; 

  

	 	(h)	 a reference to a document includes all amendments or supplements to, or replacements or novations of, that document;

  

	 	(i)	 a reference to a party to a document includes that party’s successors and permitted assigns; 

 

	 	(j)	 a reference to an agreement other than a Finance Document includes an undertaking, deed, agreement or legally enforceable
arrangement or understanding whether or not in writing; 

  

	 	(k)	 a reference to an asset includes all property of any nature, including a business, and all rights, revenues and benefits;

  

	 	(l)	 a reference to liquidation includes official management, appointment of an administrator, compromise, arrangement,
merger, amalgamation, reconstruction, winding up, dissolution, assignment for the benefit of creditors, scheme, composition or arrangement with creditors, insolvency, bankruptcy, or any similar procedure or, where applicable, changes in the
constitution of any partnership or person, or death; 

  

	 	(m)	 a reference to a document includes any agreement in writing, or any certificate, notice, instrument or other document of
any kind; 

  

	 	(n)	 no provision of a Finance Document will be construed adversely to a party solely on the ground that the party was
responsible for the preparation of that Finance Document or that provision; 

  

	 	(o)	 a covenant or agreement on the part of two or more Transaction Parties binds them jointly and severally;

  

	 	(p)	 references to time are to Sydney time; 

 

	 	(q)	 unless the contrary intention appears, any provision of a Finance Document which specifies a particular day on which a
calculation is to be made or an obligation performed, will be construed as requiring that calculation to be made or that obligation to be performed at or before 5.00pm on that day; 

 

	 	(r)	 a reference in a Finance Document to: 

 

	 	(i)	 amendment includes a supplement, novation, restatement or modification and ‘amended’ is to be
construed accordingly; 

  

	 	(ii)	 continuing, in relation to a Default, indicates a Default that has not been remedied or waived in writing
by the relevant Financier Representative in accordance with the terms of the relevant Finance Documents; 

  

	 	(iii)	 disposal includes a sale, assignment, grant, transfer, lease, declaration of trust or an act of similar
effect; and 

  

	 	(iv)	 undertaking, assets and rights includes a reference to all real and personal property, choses in action,
goodwill and uncalled and called, but unpaid capital; 

  

			
	  
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	 	(s)	 a statement by a person that any information or matter is the case ‘to the best of its knowledge and belief’
means that such person has taken all reasonable care to ensure that such information or matter is in fact the case and that such person is not aware of any other information or matter that could affect the accuracy of such information or matter;

  

	 	(t)	 where an act is required to be performed promptly, it shall be performed within as short a period as
reasonably possible from the moment when the act could reasonably be performed, taking into account all of the circumstances; 

  

	 	(u)	 a Financial Ratio is finally determined when it is set out in a Compliance Certificate which has been
delivered in accordance with this Deed Poll, and final determination will be construed accordingly; 

  

	 	(v)	 for the purposes of: 

  

	 	(i)	 making a representation or warranty; 

 

	 	(ii)	 complying with any notification requirement or other undertaking; or 

 

	 	(iii)	 determining whether a Default has occurred, 

the value of any relevant transaction, event or other thing which is not denominated in Dollars, shall be taken into account as if the value of that
transaction, event or other thing were converted into Dollars on the relevant date; and 
  

	 	(w)	 a reference to remedying a Default includes overcoming its consequences. 

1.3     Inclusive expressions 

Specifying anything in a Finance Document after the words ‘includes’ or ‘for example’ or similar expressions does not limit what else
is included unless there is express wording to the contrary. 
 1.4     Business Day 

Subject to clause 3.2, where the day on or by which any thing is to be done is not a Business Day, that thing must be done on or by the preceding
Business Day. 
 1.5     Accounting Standards 
  

	 	(a)	 Any accounting practice or concept relevant to the Finance Documents is to be construed or determined in accordance with
the Accounting Standards. 

  

	 	(b)	 If, in the reasonable opinion of Foxtel or the Majority Financers, any changes after the Effective Date to Accounting
Standards materially alter the effect of the Financial Ratios or the related definitions, Foxtel and the Majority Financiers will negotiate in good faith to amend the relevant Financial Ratios and definitions so that they have an effect comparable
to that which the Financial Ratios or related definitions would have had under current Accounting Standards before the adoption of the relevant change or changes to Accounting Standards. 

 

	 	(c)	 If the amendments are not agreed within 30 days of the date on which such changes to Accounting Standards take effect (or
any longer period agreed between Foxtel and the Majority Financiers) then NXEA will provide with its Financial Reports any reconciliation statements (audited, where applicable) necessary to enable calculations based on Accounting Standards as they
were before those changes and the changes will be ignored for the purposes of the Finance Documents. 

 1.6     Common
terms 
 Unless the contrary intention appears: 

  

			
	  
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	 	(a)	 a term used in any other Finance Document or in any notice given in connection with any Finance Document has the same
meaning in that Finance Document or notice as in this Deed Poll; and 

  

	 	(b)	 if there is an inconsistency between this Deed Poll and any other Finance Document, this Deed Poll will prevail unless
the other Finance Document includes words to the effect of “Despite the terms of the Common Terms Deed Poll”. 

  

	1.7	 Foxtel Agent 

The parties acknowledge and agree that the other parties are entitled to treat any discharge, receipt, waiver, consent, communication, agreement, act or
other thing given or effected by the Foxtel Agent in connection with any Finance Document as having been given or effected for and on behalf of, and with the authority and consent of, the Partners. 

 

	2	 Deed Poll 

  

	2.1	 Finance Parties and Finance Documents 

 

	 	(a)	 This Deed Poll is given by the Transaction Parties in favour of the Finance Parties from time to time. Each Finance Party
has the benefit of and may enforce this Deed Poll even though it is not a party to, or is not in existence at the time of execution and delivery of this Deed Poll, in relation to the Finance Debt to which that Finance Party is entitled and each
Finance Document under which that Finance Party has rights, benefits or obligations. 

  

	 	(b)	 Each undertaking in this Deed Poll is made in favour of the Finance Parties. 

 

	 	(c)	 The benefit and obligations of this Deed Poll may be extended to any other person (and such person shall become a Finance
Party) in relation to any other document (and such document shall become a Finance Document), by Foxtel signing and delivering to that Financier (or, if applicable, its Financier Representative) a Finance Party Nomination Letter.

  

	 	(d)	 Each Transaction Party (other than Foxtel) irrevocably authorises Foxtel to sign and deliver a Finance Party Nomination
Letter nominating a document as a Finance Document, a party as a Financier or a party as a Financier Representative and acknowledges and confirms that the benefit of this Deed Poll will extend to any such party. 

 

	2.2	 Removal of benefit for particular Finance Party 

Subject to clause 13.7, this Deed Poll ceases to be for the benefit of and enforceable by a Finance Party if at any time: 

 

	 	(a)	 that Finance Party has been Finally Paid; 

 

	 	(b)	 that Finance Party is not committed to providing further financial or other accommodation to any Transaction Party
pursuant to any Finance Document; and 

  

	 	(c)	 if requested by Foxtel in writing. 

 

	2.3	 Power of attorney 

  

	 	(a)	 Each Transaction Party (other than Foxtel) irrevocably appoints Foxtel and each Authorised Officer of Foxtel severally as
its attorney (Attorney) to do anything which the Transaction Party may do under or in relation to any Finance Document including to: 

  

	 	(i)	 execute and deliver any document amending or supplementing this Deed Poll; 

  

			
	  
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	 	(ii)	 execute and deliver any communications, notices, certificates and documents which that Transaction Party is entitled or
obliged to give under any Finance Document; 

  

	 	(iii)	 do anything which in the opinion of Foxtel is necessary, desirable or expedient for the purposes of the Finance
Documents; 

  

	 	(iv)	 execute and deliver all documents under or in connection with the Finance Documents (including any Deed of Release or any
amendment, novation, supplement, extension or restatement of or to any Finance Document and any new Finance Document); and 

  

	 	(v)	 supply all information relating to itself as contemplated by any Finance Document to any Finance Party.

  

	 	(b)	 Without limitation, the Attorney may at any time delegate the Attorney’s powers (including delegation).

  

	2.4	 Syndicated Facility Agreements 

In relation to a Finance Document which is a Syndicated Facility Agreement: 
  

	 	(a)	 any notice, consent, direction, opinion, approval, waiver, variation, agreement or communication which may be given, or
which is required to be given either by or to a Financier under this Deed Poll may be given by, and shall be given to, the relevant Financier Representative (on behalf of each Financier under that Syndicated Facility Agreement) and if so given,
shall, for the purposes of this Deed Poll, be regarded as having been given to or by each such Financier; 

  

	 	(b)	 the parties acknowledge and agree that the relevant Financier Representative under that Syndicated Facility Agreement in
giving any such notice, consent, direction, approval, waiver, variation, agreement or other communication or forming any opinion, will be acting on the instructions of the Financiers under and in accordance with that Syndicated Facility Agreement,
and references to “acting reasonably”, “in the opinion of”, “being satisfied” or similar expressions shall be construed accordingly and where used in connection with the relevant Financier Representative shall be
construed as referring to each of the Financiers from whom the relevant Financier Representative is required to obtain instructions in so acting. Each Transaction Party shall be entitled to assume in its dealings with the relevant Financier
Representative that it has the necessary authority to so act and to bind each Financier under the relevant Syndicated Facility Agreement, until such time as Foxtel is notified in writing to the contrary; and 

 

	 	(c)	 references in this Deed Poll to “a Financier” or “the Financier” shall be construed accordingly.

  

	2.5	 Several application of Deed Poll 

In relation to each Finance Document, each Finance Party under that Finance Document and the Transactions (jointly a Relevant
Transaction), the provisions of this Deed Poll shall be construed (unless a contrary intention is expressly indicated): 
  

	 	(a)	 to apply to each such Relevant Transaction separately; 

 

	 	(b)	 such that the representations, warranties, undertakings, events of default and other provisions apply to that Relevant
Transaction separately and gives each Finance Party to that Relevant Transaction rights in relation to that Relevant Transaction separately; and 

  

			
	  
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	 	(c)	 such that each reference to “each Financier Representative” or “the Financier Representatives” means
the relevant Financier Representative in respect of the Relevant Transaction. 

  

	3	 Payments 

  

	3.1	 Payments 

All payments under the Finance Documents must be made: 
  

	 	(a)	 in Same Day Funds; 

  

	 	(b)	 in the relevant currency; and 

  

	 	(c)	 not later than 11.00am (Sydney time) on the due date, 

to the relevant Financier Representative’s account as specified by that Financier Representative to the relevant Transaction Party, or in any other
manner that Financier Representative directs from time to time. 
  

	3.2	 Payments on a Business Day 

If a payment is due on a day which is not a Business Day, the due date for that payment is the next Business Day in the same calendar month or, if none,
the preceding Business Day, and interest must be adjusted accordingly. 
  

	3.3	 Appropriation of payments 

 

	 	(a)	 Except where clause 3.3(b) applies, all payments made by a Transaction Party under a Finance Document may be appropriated
as between principal, interest and other amounts as the relevant Financier Representative (acting in accordance with the relevant Finance Document) determines or, failing any determination, in the following order: 

 

	 	(i)	 first, towards reimbursement of all fees, costs, expenses, charges, damages and indemnity payments due and payable by
that Transaction Party under that Finance Document; 

  

	 	(ii)	 second, towards payment of interest due and payable under that Finance Documents; and 

 

	 	(iii)	 third, towards repayment or prepayment of the principal amount outstanding under that Finance Document.

  

	 	(b)	 Any appropriation under clause 3.3(a) overrides any appropriation made by a Transaction Party. 

 

	3.4	 Payments in gross 

All payments which a Transaction Party is required to make under any Finance Document must be: 

 

	 	(a)	 without any set off, counterclaim or condition; and 

 

	 	(b)	 without any deduction or withholding for any Tax or any other reason, unless, and without limiting the operation of
clause 3.5, the Transaction Party is required to make a deduction or withholding by applicable law. 

  

	3.5	 Additional payments 

If: 

  

			
	  
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	 	(a)	 any Transaction Party is required to make a deduction or withholding in respect of Tax (other than Excluded Tax) from any
payment to be made to a Finance Party under any Finance Document; or 

  

	 	(b)	 a Finance Party is required to pay any Tax (other than Excluded Tax) in respect of any payment it receives from a
Transaction Party (whether directly or through a Financier Representative) under any Finance Document, 

 the Transaction Party: 

 

	 	(c)	 indemnifies each Finance Party against that Tax; and 

 

	 	(d)	 must pay to each Finance Party an additional amount which the relevant Financier Representative reasonably determines to
be necessary to ensure that each Finance Party receives when due a net amount (after payment of any Tax other than Excluded Tax in respect of each additional amount) that is equal to the full amount it would have received if a deduction or
withholding or payment of Tax had not been made. 

  

	3.6	 Taxation deduction procedures 

If clause 3.5(a) applies: 
  

	 	(a)	 the Transaction Party must pay the amount deducted or withheld to the appropriate Government Agency as required by law;
and 

  

	 	(b)	 the Transaction Party must: 

  

	 	(i)	 use reasonable endeavours to obtain a payment receipt from the Government Agency (and any other documentation ordinarily
provided by the Government Agency in connection with the payment); and 

  

	 	(ii)	 within 2 Business Days after receipt of the documents referred to in clause 3.6(b)(i), deliver copies of them to the
relevant Financier Representative. 

  

	3.7	 Amounts payable on demand 

If any amount payable by a Transaction Party under any Finance Document is not expressed to be payable on a specified date, that amount is payable by the
Transaction Party on demand by the relevant Financier Representative. 
  

	3.8	 Rounding 

A Financier Representative may round amounts to the nearest unit of the relevant currency in making any allocation or appropriation under the Finance
Documents. 
  

	4	 Representations and warranties 

 

	4.1	 Representations and warranties 

Unless otherwise agreed in writing by the Majority Financiers, each Transaction Party represents and warrants to and for the benefit of each Finance
Party that: 
  

	 	(a)	 (status): it is a corporation registered (or taken to be registered) and validly existing under the laws of the
jurisdiction of its incorporation: 

  

	 	(b)	 (power): it has the power and authority to: 

 

	 	(i)	 enter into and perform its obligations under and to carry out the transactions contemplated by the Material Documents to
which it is expressed to be a party; and 

  

	 	(ii)	 own its assets and to carry on its business as now conducted; 

  

			
	  
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	 	(c)	 (authorisations): it has taken all necessary action to authorise the entry into, delivery and performance of the
Material Documents to which it is expressed to be a party and to carry out the transactions contemplated by those documents; 

  

	 	(d)	 (documents binding): each Material Document to which it is expressed to be a party constitutes its legal, valid,
binding and enforceable obligation and is enforceable in accordance with its terms subject to laws generally affecting creditors’ rights and to principles of equity; 

 

	 	(e)	 (transactions permitted): the execution, delivery and performance by it of each Material Document to which it is
expressed to be a party and each transaction contemplated under that document did not and will not breach or result in a contravention of: 

  

	 	(i)	 any law, treaty, judgement, ruling, order, regulation or decree of a Government Agency binding on it or Authorisation;

  

	 	(ii)	 its constitution or other constituent documents; or 

 

	 	(iii)	 any Encumbrance or material agreement which is binding on it or its assets, 

and, except as expressly permitted under the Finance Documents, did not and will not: 

 

	 	(iv)	 create or impose any Encumbrance on any of its assets; or 

 

	 	(v)	 allow a person to accelerate or cancel an obligation with respect to Finance Debt or constitute an event of default,
cancellation event, prepayment event or similar event (whatever called) under an agreement relating to Finance Debt, whether immediately or after notice or lapse of time or both; 

 

	 	(f)	 (financial information): its most recent Financial Reports or accounts which it has furnished to a Financier
Representative: 

  

	 	(i)	 give a true and fair view of the financial condition and state of affairs of it and its Subsidiaries as at the date they
were prepared; and 

  

	 	(ii)	 were prepared in accordance with the Accounting Standards (except to the extent disclosed in the accounts) and applicable
laws; 

  

	 	(g)	 (no change in affairs): there has been no change in its or its Subsidiaries’ state of affairs since the end
of the accounting period to which the Financial Reports referred to in clause 4.1(f) relate which has had or would be reasonably likely to have a Material Adverse Effect; 

 

	 	(h)	 (no litigation): except as disclosed in full to each Financier Representative in writing before the Effective
Date, there is no litigation, arbitration, Tax claim, dispute or administrative or other proceeding current or, to the best of its knowledge and belief, threatened, which: 

 

	 	(i)	 in any way questions its power or authority to enter into or perform its obligations under any Material Document to which
it is expressed to be a party; or 

  

	 	(ii)	 would be reasonably likely to result in the occurrence of an Insolvency Event or to have a Material Adverse Effect;

  

	 	(i)	 (no default): 

  

	 	(i)	 it is not in default; and 

  

	 	(ii)	 nothing has occurred which constitutes an event of default, cancellation event, prepayment event or similar event
(whatever called), 

 under: 

  

			
	  
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	 	(iii)	 a material provision of a Material Document to which it is expressed to be a party except where such default or event has
been disclosed in full to each Financier Representative in writing; or 

  

	 	(iv)	 any document or agreement binding on it or its assets where such default or event would be reasonably likely to have a
Material Adverse Effect; 

  

	 	(j)	 (Authorisations): each Authorisation: 

 

	 	(i)	 which is required in relation to the execution, delivery and performance by it of the Material Documents to which it is
expressed to be a party and the transactions contemplated by those documents; 

  

	 	(ii)	 which is required in relation to the validity and enforceability of those documents; or 

 

	 	(iii)	 which is material to the conduct of the Business, 

has been obtained or effected, complied with and maintained; 
  

	 	(k)	 (Intellectual Property): it owns or has the right and licence to use the Intellectual Property where failure to do
so would or is reasonably likely to have a Material Adverse Effect; 

  

	 	(l)	 (disclosure): all: 

  

	 	(i)	 factual information (other than assumptions, estimates or forecasts) provided by it or on its behalf to any Finance Party
(including for the purposes of any information memorandum prepared in connection with syndication) was, to the best of its knowledge and belief, true in all material respects and not materially misleading (by omission or otherwise) as at the time it
was provided or as at the date stated; and 

  

	 	(ii)	 assumptions, estimates and forecasts provided by it or on its behalf to any Finance Party in writing were prepared in
good faith with due care and diligence and were based on all relevant information known to it at the time when the materials were provided; 

  

	 	(m)	 (information disclosed): all information of which it is aware which is, on the date of a Financier signing a
Finance Document under which it agrees to provide financial accommodation to a Transaction Party: 

  

	 	(i)	 material to the Business or to the decision of a reasonable financial institution to enter into any Finance Documents to
which a Finance Party is expressed to be a party; or 

  

	 	(ii)	 reasonably likely to materially and adversely affect the business, assets or financial condition of any Transaction
Party, 

 has been disclosed to that Financier’s Financier Representative in writing; 

 

	 	(n)	 (copies of documents): all copies of documents (including the Financial Reports or accounts and Authorisations)
given by it or on its behalf to any Financier Representative are true copies which are accurate and complete in all material respects; 

  

	 	(o)	 (title): it is the sole legal and beneficial owner of the assets included in its Financial Reports and accounts
and those assets are free of Encumbrances, other than Permitted Encumbrances; 

  

	 	(p)	 (law): 

  

	 	(i)	 it has complied with; and 

  

			
	  
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	 	(ii)	 the Business is in compliance with, 

all applicable laws (including any Environmental Law and all laws relating to Tax) in all applicable jurisdictions where failure to do so would or is
reasonably likely to have a Material Adverse Effect; 
  

	 	(q)	 (not a trustee): it does not: 

 

	 	(i)	 enter into any Finance Document as trustee of any trust and none of the Partnership Property is held by a Partner as
trustee of any trust; or 

  

	 	(ii)	 hold any assets as the trustee of any trust; 

 

	 	(r)	 (corporate tree): 

  

	 	(i)	 as at the Effective Date, the Shareholders legally and beneficially own and control (directly or indirectly) 100% of the
NXEA Group; 

  

	 	(ii)	 its only Subsidiaries are listed in the Group Structure Diagram; and 

 

	 	(iii)	 the Group Structure Diagram is true and correct in all respects and does not omit any material information or details;

  

	 	(s)	 (immunity from suit): it does not, and its assets do not, have immunity from the jurisdiction of a court or from
legal process; 

  

	 	(t)	 (no filings or Taxes): it is not necessary or desirable to ensure that any Finance Document is legal, valid,
binding or admissible in evidence, that any Finance Document be filed or registered with any Government Agency, or that any Tax be paid; 

  

	 	(u)	 (no Event of Default): no Event of Default is continuing or will result from the provision of any financial
accommodation under a Finance Document; 

  

	 	(v)	 (solvency): 

  

	 	(i)	 it is able to pay its debts as they fall due and has not suspended making payment of its debts generally, other than
debts owing in respect of Subordinated Debt; and 

  

	 	(ii)	 no Insolvency Event has occurred and is continuing in relation to it or will occur as a result of it entering into any
Finance Document to which it is expressed to be a party; 

  

	 	(w)	 (ranking of obligations): its obligations under the Finance Documents (in all respects and at all times) rank at
least equally in right and priority of payment with all its other unsecured and unsubordinated obligations (actual or contingent, present or future) except for obligations mandatorily preferred by law; 

 

	 	(x)	 (commercial benefit): the entering into and performance by it of its obligations under the Material Documents to
which it is expressed to be a party is for its commercial benefit and is in its commercial interests; 

  

	 	(y)	 (own enquiries): it has relied on its own investigations and enquiries regarding the transactions contemplated by
the Finance Documents and has not relied on any information, advice or opinion (including as to interest rates, Swap Agreements or exchange rates) given or offered by or on the Financier’s behalf even if in answer to any enquiry by or for it;

  

	 	(z)	 (Insurances): 

  

	 	(i)	 all of the Insurances have been effected and are valid and binding; and 

  

			
	  
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	 	(ii)	 all premiums due have been paid and nothing has been done or omitted to be done which has made or could make any such
policy void or voidable or reduce the insurer’s liability under them; 

  

	 	(aa)	 (Material Adverse Effect): it is not aware of any event or circumstance which has had or is reasonably likely to
have a Material Adverse Effect; 

  

	 	(bb)	 (Taxes): it has paid all Taxes due and payable by it other than Taxes which are being contested in good faith and
otherwise in accordance with clause 5.11. 

  

	4.2	 Survival and repetition of representations and warranties 

The representations and warranties given under this Deed Poll: 
  

	 	(a)	 survive the execution of each Finance Document; and 

 

	 	(b)	 other than under clause 4.1(m), are repeated in favour of each Financier with reference to the facts and circumstances
then subsisting on each date on which any financial accommodation is made available or rolled over by that Financier under that Financier’s Finance Documents. 

 

	4.3	 Reliance by Finance Parties 

Each Transaction Party acknowledges that each Finance Party has entered into each Finance Document to which it is a party in reliance on the
representations and warranties given to it under this Deed Poll. 
  

	5	 Undertakings 

  

	5.1	 Provision of information and reports 

Unless otherwise agreed in writing by the Majority Financiers, each Transaction Party must provide to each Financier Representative (with sufficient
copies for each Finance Party), the following: 
  

	 	(a)	 (Annual Financial Report): promptly after the same are available and in any event within 90 days after the end of
the financial year of the NXEA Consolidated Group, copies of an audited Financial Report of the NXEA Consolidated Group (on a consolidated basis) for such year, setting forth in comparative form the figures for the previous financial year, all in
reasonable detail, prepared in accordance with the Accounting Standards, and accompanied by an opinion thereon of independent public accountants of recognized international standing, which opinion shall state that such Financial Report gives a true
and fair view of the financial position of the NXEA Consolidated Group’s financial performance for such financial year, and that the audit related to such Financial Report has been made in accordance with Australian Accounting Standards (as
such term is used and defined in such accountant’s opinion, and as the wording of such accountants’ opinion may be updated or amended from time to time in accordance with industry practice and standards), together with a Compliance
Certificate (which has been the subject of a factual findings report by the Auditor in respect of the matters referred to in paragraphs (a), (b) and (c) and (1) and (2) of that certificate) in respect of the Calculation Period ending at
the end of that financial year; 

  

	 	(b)	 (half yearly management accounts): promptly and no later than 30 Business Days after the end of the financial half
year ending 31 December, copies of the unaudited half-yearly management accounts of the NXEA Consolidated Group (on a consolidated basis) for that financial half year together with evidence satisfactory to each Financier Representative that the
accounts have been reviewed and approved by two directors or a director and the chief financial officer of NXEA; 

  

			
	  
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	 	(c)	 (Compliance Certificate): promptly and no later than 45 days after the end of each calendar quarter (other than
the calendar quarter ending 30 June, in which case, at the time the Financial Reports referred to in paragraph (a) are provided), a Compliance Certificate signed by two directors or a director and the chief financial officer of NXEA;

  

	 	(d)	 (annual budget) within 90 days after the end of each financial year of the NXEA Consolidated Group, copies of the
annual twelve month forecast of profit and loss and cash flow of the NXEA Consolidated Group; 

  

	 	(e)	 (Group Structure Diagram): an updated Group Structure Diagram on each occasion that the then current Group
Structure Diagram becomes incorrect or misleading; 

  

	 	(f)	 (Approved Hedging Policy): an updated Approved Hedging Policy on each occasion that the then current Approved
Hedging Policy is amended, replaced or superseded; and 

  

	 	(g)	 (other information): promptly after a request is made, any other information which a Financier Representative
reasonably requests in relation to the Business or the financial condition of NXEA or any member of the NXEA Consolidated Group. 

  

	5.2	 Financial Reports and accounts 

Unless otherwise agreed in writing by the Majority Financiers, each Transaction Party must: 

 

	 	(a)	 (proper accounts): 

  

	 	(i)	 ensure that the accounts it provides under clause 5.1 are prepared in accordance with the Accounting Standards (except to
the extent disclosed in the accounts) and applicable laws; and 

  

	 	(ii)	 keep accounting records which give a true and fair view of its financial condition and state of affairs;

  

	 	(b)	 (financial year): not change its financial year without prior notice to each Financier Representative;

  

	 	(c)	 (Auditors): not change its Auditors other than to an Approved Auditor; and 

 

	 	(d)	 (basis of preparation): 

 

	 	(i)	 notify each Financier Representative if, at any time, it changes or proposes to change the reference periods or the basis
upon which its Financial Reports or accounts are prepared; and 

  

	 	(ii)	 if the Majority Financiers are of the opinion (acting reasonably) that the change is material and so requires, provide to
each Financier Representative: 

  

	 	(A)	 a description of all of the adjustments which are required to be made to the Financial Reports or accounts, so that the
Financial Reports and accounts reflect the basis upon which they were prepared before such change was made; and 

  

	 	(B)	 sufficient information, in a form and substance reasonably required by the relevant Financier Representative, to enable
the Financiers to determine whether the Financial Ratios have been complied with and to make an accurate comparison between the financial position indicated in those financial statements and the financial position indicated in the Financial Reports
prepared and presented before such change was made. 

  

			
	  
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	5.3	 Notices 

Unless otherwise agreed in writing by the Majority Financiers, each Transaction Party must notify each Financier Representative promptly after it becomes
aware of: 
  

	 	(a)	 any Default occurring; 

  

	 	(b)	 any proposal of any Government Agency to compulsorily acquire any of its property with an aggregate value in excess of
$10,000,000; 

  

	 	(c)	 any litigation, arbitration, Tax claim, dispute or administration or other proceeding being commenced or threatened
which: 

  

	 	(i)	 in any way questions its power or authority to enter into or perform its obligations under any Material Document to which
it is expressed to be a party; 

  

	 	(ii)	 involves a potential liability for the Transaction Party (whether by itself or in combination with another person) in
excess of $10,000,000 or, when aggregated with other claims, disputes or proceedings, $25,000,000 (provided that, where notice has been given under this paragraph because the relevant threshold has been exceeded, further notifications under this
paragraph are only required as further $10,000,000 increments above the relevant threshold are reached); or 

  

	 	(iii)	 would be reasonably likely to result in the occurrence of an Insolvency Event or to have a Material Adverse Effect;

  

	 	(d)	 any breach of or default or other event or circumstance under, any Material Document which, with notice, time or both
could lead to its termination, revocation, cancellation, suspension or variation; 

  

	 	(e)	 any change in its Officers, together with a specimen signature of any new Officer appointed and, where requested by a
Financier Representative, evidence satisfactory to that Financier Representative of the authority of any Officer; and 

  

	 	(f)	 any intention by it to exercise any right, power or remedy under any Material Document as a consequence of any default
where termination of that document is reasonably likely to have a Material Adverse Effect. 

  

	5.4	 Disposal of assets 

A Transaction Party must not sell, assign or transfer or otherwise dispose of, part with possession of, or create an interest in, any of its assets or
agree or attempt to do so (whether in one or more related or unrelated transactions) except: 
  

	 	(a)	 by way of the grant of a Permitted Encumbrance; 

 

	 	(b)	 by disposal to another member of the NXEA Group; 

 

	 	(c)	 disposals in the ordinary course of day to day trading at arms length; 

 

	 	(d)	 disposals of assets in exchange for other assets of comparable value and utility or where the proceeds of such disposal
are, within 90 days, used to acquire other assets of comparable value for use in relation to the Business; 

  

	 	(e)	 disposals of worn out, obsolete or redundant assets; 

 

	 	(f)	 disposals on arms length terms of assets not required for the efficient operation of the Business; 

  

			
	  
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	 	(g)	 disposals on arms length terms of other assets not otherwise permitted under this clause provided that where the
aggregate net after tax consideration received in respect of such disposals in any 12 month period exceeds 10% of the Total Assets of the NXEA Consolidated Group, NXEA will ensure that within 120 days such excess is applied: 

 

	 	(i)	 in purchasing assets relevant to the Business; or 

 

	 	(ii)	 in repayment or prepayment of the principal amount outstanding under the Finance Documents and any other Finance Debt the
NXEA Group is required to repay or prepay, rateably in proportion to the outstanding principal amount of all such debt, and cancellation of the corresponding undrawn commitment under that Finance Document; or 

 

	 	(h)	 with the prior written consent of the Majority Financiers. 

 

	5.5	 Negative pledge 

  

	 	(a)	 No member of the NXEA Group may create or allow to exist or agree to any Encumbrance over any of its assets (or, in the
case of a Partner, over any of its interests in the Foxtel Partnership or the Foxtel Television Partnership) other than a Permitted Encumbrance. 

  

	 	(b)	 No member of the NXEA Group may acquire an asset which is, or upon its acquisition will be, subject to an Encumbrance
which is not a Permitted Encumbrance. 

  

	 	(c)	 Unless otherwise agreed in writing by the Majority Financiers, no member of the NXEA Group may acquire an asset which
would materially alter the nature of the Business taken as a whole. 

  

	 	(d)	 Unless otherwise agreed in writing by the Majority Financiers, no member of the NXEA Group may enter into any arrangement
which, if complied with, would prevent any member of the NXEA Group from complying with its obligations under the Finance Documents. 

  

	5.6	 Financial accommodation 

A Transaction Party must not: 
  

	 	(a)	 advance money or make available financial accommodation to or for the benefit of; or 

 

	 	(b)	 give a Guarantee or Encumbrance in connection with an obligation or liability of, 

any person, other than Permitted Financial Accommodation. 
  

	5.7	 Insurance 

Unless otherwise agreed in writing by the Majority Financiers: 
  

	 	(a)	 (General requirement): each Transaction Party must take out and maintain insurance with reputable insurers
for amounts and against risks which are reasonable and prudent in accordance with Good Business Practice; 

  

	 	(b)	 (Payment of premiums): each Transaction Party must punctually pay all premiums, commissions, Tax and other
amounts necessary to effect and maintain in force each insurance policy required to comply with paragraph (a) above; and 

  

	 	(c)	 (Deliver documents): each Transaction Party must upon request promptly deliver to each Financier
Representative: 

 (i)         adequate evidence as to the existence and currency of the
insurances required under this clause 5.7; and 
 (ii)        any other detail which a Financier
Representative may reasonably require in relation to those insurances. 

  

			
	  
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	5.8	 Restrictions on Distributions 

Unless otherwise agreed in writing by the Majority Financiers, a Transaction Party must not: 

 

	 	(a)	 pay any cash Distribution (other than a payment of principal or interest under the Working Capital Facility Agreement or
a distribution to another Transaction Party), if the Net Debt to EBITDA Ratio on the most recent Calculation Date was (or would be taking into account such cash Distribution being paid): 

 

	 	(i)	     on and from the Effective Date to (and including) 30 June 2020, greater than 2.50:1;

  

	 	(ii)	     on and from 1 July 2020 to (and including) 30 June 2021, greater than 2.25:1; and

  

	 	(iii)	     on and from 1 July 2021 and thereafter, greater than 2.00:1; and 

 

	 	(b)	 at any time, make any Distribution (including in respect of Subordinated Debt) if a Default is continuing or would result
from the Distribution. 

  

	5.9	 Restrictions on dealings 

A Transaction Party must not without the Majority Financiers’ prior consent: 

 

	 	(a)	 enter into an agreement; 

  

	 	(b)	 acquire or dispose of an asset; 

 

	 	(c)	 obtain or provide a service; 

  

	 	(d)	 obtain a right or incur an obligation; or 

 

	 	(e)	 implement any other transaction, 

with any person (other than a Transaction Party or a member of the NXEA Group) unless it does so on terms which are no less favourable to it than
arm’s length terms. 
  

	5.10	 Restrictions on fees 

A Transaction Party must not pay any director fees, management fees, consultancy fees or other like payments to any Transaction Party or any director,
Associate, Shareholder or Related Body Corporate of a Transaction Party unless those fees or other payments are: 
  

	 	(a)	 reasonable and are no more or less favourable than it is reasonable to expect would be the case if the relevant persons
were dealing with each other at arm’s length; 

  

	 	(b)	 continuations of fees and payments included in the financial model for the NXEA Group provided to each Financier
Representative before the Effective Date; 

  

	 	(c)	 paid to a member of the NXEA Group; or 

 

	 	(d)	 paid with the Majority Financiers’ prior consent. 

 

	5.11	 Payment of Taxes 

Unless otherwise agreed in writing by the Majority Financiers, each Transaction Party must pay all Taxes assessed, levied or imposed on it when due and
payable, but: 
  

	 	(a)	 a Transaction Party may elect not to pay Taxes that are being contested in good faith except where failure to pay such
Taxes is reasonably likely to have a Material Adverse Effect; and 

  

	 	(b)	 to the extent liable, it pays those Taxes on the final determination or settlement of the contest. 

  

			
	  
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	5.12	 Financial Ratios 

  

	 	(a)	 Interest Cover Ratio  

Unless otherwise agreed in writing by the Majority Financiers, NXEA must ensure that the Interest Cover Ratio for the Calculation Period ending on any
Calculation Date is equal to or greater than 3.50:1. 
  

	 	(b)	 Net Debt to EBITDA Ratio  

Unless otherwise agreed in writing by the Majority Financiers, NXEA must ensure that the Net Debt to EBITDA Ratio for the Calculation Period ending on
any Calculation Date: 
  

	 	(i)	 on and from the Effective Date to (and including) 30 June 2020 is equal to or less than 3.75:1;

  

	 	(ii)	 on and from 1 July 2020 to (and including) 30 June 2021 is equal to or less than 3.50:1; and

  

	 	(iii)	 on and from 1 July 2021 and thereafter is equal to or less than 3.25:1. 

 

	 	(c)	 Springing Ratio  

  

	 	(i)	 Unless otherwise agreed in writing by the Majority Financiers, if on any Calculation Date, the Net Debt to EBITDA Ratio:

 (A)         on and from the Effective Date to (and including) 30 June 2020 is
greater than 3.50:1; 
 (B)         on and from 1 July 2020 to (and including) 30 June 2021 is
greater than 3.25:1; and 
 (C)         on and from 1 July 2021 and thereafter is greater than 3.00:1,

 NXEA must ensure that such amount of the Finance Debt provided under the Working Capital Facility Agreement will be converted into Subordinated
Debt (on the terms set out in the Working Capital Subordination Deed Poll) to ensure that the Net Debt to EBITDA Ratio, if calculated or recalculated (as applicable), taking account of such conversion, would not result in a breach of this paragraph
(c) (the WC Cure Amount). 
  

	 	(ii)	 If the amount drawn under the Working Capital Facility Agreement at that time is less than the WC Cure Amount, NXEA will
ensure that the borrower under the Working Capital Facility Agreement draws down any available commitment under the Working Capital Facility Agreement up to the WC Cure Amount (the WC Cure Amount Drawing). Any WC Cure Amount Drawing
received by the borrower under the Working Capital Facility Agreement must be applied in permanent prepayment, after first being offered on a pro rata basis, of Finance Debt (other than, for the avoidance of doubt, Subordinated Debt) of any member
of the NXEA Group. 

 For the avoidance of doubt, there will be no breach of this paragraph (c) if all of the Finance Debt
provided under the Working Capital Facility Agreement is converted into Subordinated Debt. 
  

	 	(d)	 The impact of AASB16 on the Accounting Standards will be ignored for the purpose of determining the Financial Ratios and
each Compliance Certificate will set out details of any reconciliation necessary to enable calculation of the Financial Ratios on that basis. 

  

			
	  
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	5.13	 Undertakings relating to the Business 

Unless otherwise agreed in writing by the Majority Financiers, each Transaction Party must: 

 

	 	(a)	 (performance of the Business): 

 

	 	(i)	 ensure that the Business is operated and maintained in accordance with all material applicable laws and material
authorisations and Good Business Practice; and 

  

	 	(ii)	 not engage in any business other than business which does not materially alter the nature of the Business taken as a
whole; 

  

	 	(b)	 (compliance with and enforcement of Material Documents): 

 

	 	(i)	 comply with its material obligations under each Material Document to which it is expressed to be a party;

  

	 	(ii)	 enforce each Material Document to which it is expressed to be a party and its rights, powers and remedies under those
documents; 

  

	 	(iii)	 exercise its rights, authorities and discretions under each Material Document to which it is expressed to be a party
prudently; and 

  

	 	(iv)	 use reasonable efforts to ensure that the Material Documents are at all times valid and enforceable;

  

	 	(c)	 (compliance with law): comply with all laws (including Environmental Laws) and legal requirements,
including each judgement, award, decision, finding or any other determination of a Government Agency, which applies to it or is binding on it or any of its assets where failure to do so would or is reasonably likely to have a Material Adverse
Effect; 

  

	 	(d)	 (compliance with Authorisations): obtain, maintain and comply with each Authorisation which is:

  

	 	(i)	 required in relation to the execution, delivery and performance by it of each Material Document to which it is a party
and the transactions contemplated by those documents; 

  

	 	(ii)	 required in relation to the validity and enforceability of each Material Document to which it is a party; or

  

	 	(iii)	 material to the conduct of the Business; and 

 

	 	(e)	 (Intellectual Property): 

 

	 	(i)	 own or have the right and licence to use the Intellectual Property; and 

 

	 	(ii)	 maintain, preserve and protect the Intellectual Property, 

where failure to do so would or is reasonably likely to have a Material Adverse Effect. 

 

	5.14	 Undertakings relating to structure and corporate matters 

Unless otherwise agreed in writing by the Majority Financiers, each Transaction Party must: 

 

	 	(a)	 (corporate existence): 

 

	 	(i)	 do everything necessary to maintain its corporate existence in good standing; 

 

	 	(ii)	 continue to carry on the Business through the NXEA Group; 

 

	 	(iii)	 not transfer its jurisdiction of incorporation or enter into any creditors scheme of arrangement, merger or
consolidation; and 

  

	 	(iv)	 not enter into or effect any other scheme under which it ceases to exist or under which the assets and/or liabilities of
itself are vested in or assumed by any other person; 

  

			
	  
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	 	(b)	 (guarantor group): if at any time a Compliance Certificate demonstrates that: 

 

	 	(i)	 the Total Assets of the Transaction Parties is less than 90% of the Total Assets of the NXEA Group; or

  

	 	(ii)	 the aggregate contribution of the Transaction Parties to EBITDA of the NXEA Group is less than 90% of the EBITDA of the
NXEA Group for the 12 month period to the most recent Calculation Date, 

 NXEA shall ensure that such members of the NXEA Group
become Guarantors in accordance with this Deed Poll as may be required so that the aggregate contribution to Total Assets or EBITDA of the NXEA Group of the Transaction Parties exceeds 90% of Total Assets or EBITDA of the NXEA Group within 45 days
after the date of the Compliance Certificate, unless, in the case of a Subsidiary incorporated outside Australia or New Zealand, to do so may cause the Subsidiary (or its directors or officers) to breach any law or duty binding on it or them in
which case such Subsidiary shall take all reasonable steps to overcome such breach and become a Guarantor as soon as practicable; 
  

	 	(c)	 (ratification): as holder of shares, units or any other direct or indirect interest in any other member of the
NXEA Group, ratify and confirm the execution, delivery and performance by that member of the NXEA Group of each Finance Document to which that member of the NXEA Group is expressed to be a party. It will be taken to have ratified and confirmed the
execution, delivery and performance of each Finance Document to which any entity in which it has such an interest is at any time expressed to be party; 

  

	 	(d)	 (maintain capital): not: 

 

	 	(i)	 pass a resolution under section 254N of the Corporations Act; 

 

	 	(ii)	 reduce or pass a resolution to reduce its capital (including a purchase or
buy-back of its shares but excluding a Permitted Distribution or a redemption of redeemable shares which constitute Finance Debt) without the prior consent of the Majority Financiers’ (such consent not to
be unreasonably withheld or delayed); or 

  

	 	(iii)	 attempt or take any steps to do anything which it is not permitted to do under paragraphs (i) or (ii) above;

  

	 	(e)	 (amendments to constitution): not amend its constitution or any other constituent document of it in
a manner which adversely affects any Finance Party without the Majority Financiers’ prior written consent (which consent must not be unreasonably withheld); and 

 

	 	(f)	 (consolidated group): 

 

	 	(i)	 except as set out in sub-paragraph (ii), ensure that so long as it is a member of
a consolidated group for tax purposes there is at all times a valid tax sharing agreement for that consolidated group in form and substance satisfactory to the Majority Financiers; 

 

	 	(ii)	 in respect of the consolidated group for tax purposes which comprises XYZnetworks Pty Limited (ACN 066 812 119)
(XYZ) and its dormant Subsidiaries, ensure that the only members of such consolidated group are XYZ and dormant Subsidiaries of XYZ which do not trade. 

 

	5.15	 Swap Agreements 

Unless otherwise agreed in writing by the Majority Financiers, each relevant Transaction Party must enter into Swap Agreements in accordance with the
Approved Hedging Policy. 

  

			
	  
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	5.16	 Ranking 

Unless otherwise agreed in writing by the Majority Financiers, each Transaction Party must ensure that its obligations under each Finance Document (in
all respects and at all times) rank at least equally and rateably in right and priority of payment with all its other unsecured and unsubordinated obligations (actual or contingent, present or future) except obligations mandatorily preferred by law.

  

	5.17	 Most favoured status 

Unless each Financier Representative otherwise agrees in writing, if at any time a Transaction Party incurs Finance Debt in a principal amount equal to
or in excess of A$50,000,000 and the provisions applying to that Finance Debt contain financial ratios and definitions relating to those financial ratios (the Core Provisions) and the Financiers either: 

 

	 	(a)	 do not have the benefit of provisions under this Deed Poll which are in all material respects identical (subject to any
necessary consequential changes) to those Core Provisions; or 

  

	 	(b)	 have the benefit of provisions under this Deed Poll which are in all material respects identical (subject to any
necessary consequential changes) to those Core Provisions but on terms that are less favourable to the Financiers than the Core Provisions, 

the Transaction Party must notify each Financier Representative of the Core Provisions and at the request of a Financier Representative promptly ensure
that the Financier Representative’s Financiers are given the benefit of financial ratios and definitions relating to those financial ratios which are in all material respects identical to the Core Provisions. 

 

	5.18	 ‘Know your customer’ checks 

 

	 	(a)	 If: 

  

	 	(i)	 the introduction of or any change in (or in the interpretation, administration or application of) any law or regulation
made after the date of this Deed Poll; 

  

	 	(ii)	 any change in the status of a Transaction Party after the date of this Deed Poll; 

 

	 	(iii)	 any change in the authorised signatories of a Transaction Party after the date of this Deed Poll; or

  

	 	(iv)	 a proposed assignment or transfer by a Financier of any of its rights and obligations under a Syndicated Facility
Agreement to a party that is not a Financier prior to such assignment or transfer, 

 obliges any Finance Party to comply with
“know your customer” or similar identification procedures in circumstances where the necessary information is not already available to it, each Transaction Party shall promptly upon the request of any Finance Party supply, or procure the
supply of, such documentation and other evidence as is reasonably requested by any Finance Party in order for such Finance Party to carry out and be satisfied it has complied with all necessary “know your customer” or other similar checks
under all applicable laws and regulations pursuant to the transactions contemplated in the Finance Documents. 
  

	 	(b)	 Foxtel shall promptly supply, or procure the supply of, such documentation and other evidence reasonably requested by any
Finance Party from time to time in relation to a Transaction Party to enable the Finance Party to comply with “know your customer” or similar identification procedures in circumstances where the necessary information is not already
available to the Finance Party. 

  

			
	  
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	5.19	 Term of undertakings 

Unless the Majority Financiers otherwise agree in writing, until: 
  

	 	(a)	 all of the commitments of the Financiers under the Finance Documents are cancelled; and 

 

	 	(b)	 the Guaranteed Moneys are Finally Paid, 

each Transaction Party must, at its own cost, comply with its undertakings in this clause 5. 

 

	6	 Events of Default 

  

	6.1	 Events of Default 

It is an Event of Default, whether or not it is within the control of a Transaction Party, if: 

 

	 	(a)	 (failure to pay): a Transaction Party fails to pay or repay any part of the Guaranteed Moneys within 3 Business
Days of its due date; 

  

	 	(b)	 (Financial Ratios): a Transaction Party breaches a Financial Ratio; 

 

	 	(c)	 (failure to perform): a Transaction Party fails to perform any other undertaking or obligation of it under any
Finance Document and, if the failure is capable of remedy, the Transaction Party does not remedy the failure within 14 Business Days of the earlier of the date the Transaction Party: 

 

	 	(i)	 becomes aware of the failure; or 

 

	 	(ii)	 receives notice from a Financier Representative to the Transaction Party specifying the failure; 

 

	 	(d)	 (misrepresentation): any representation or warranty or statement of a Transaction Party under a Finance Document
is incorrect or misleading in a material respect when made or repeated and, if the circumstances which result in such representation, warranty or statement being incorrect or misleading are capable of remedy, those circumstances are not remedied
within 14 Business Days of the earlier of the date the Transaction Party: 

  

	 	(i)	 becomes aware of; or 

  

	 	(ii)	 receives notice from a Financier Representative to the Transaction Party specifying, 

the breach of representation or warranty; 
  

	 	(e)	 (cross default): any Finance Debt of a Transaction Party in an amount in excess of $25,000,000:

  

	 	(i)	 is not paid when due (after taking into account any applicable grace period); or 

 

	 	(ii)	 becomes due and payable, or becomes capable of being declared due and payable, before the scheduled date for payment
other than because of the exercise by the Transaction Party of a voluntary right of prepayment or termination and: 

  

	 	(A)	 the creditor is not paid; or 

  

	 	(B)	 the creditor’s right to be repaid prematurely is not rescinded or annulled, 

within 10 Business Days of the date on which the Finance Debt becomes prematurely due and payable; 

  

			
	  
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	 	(f)	 (administration, winding up, arrangements, insolvency etc): any of the following occur: 

 

	 	(i)	 an administrator is appointed, or any steps are taken to appoint an administrator, to a Transaction Party;

  

	 	(ii)	 a liquidator or a provisional liquidator is appointed, or any steps are taken to appoint a liquidator or a provisional
liquidator in respect of a Transaction Party (unless, in the case of an application or step taken, the application or step taken is frivolous or vexatious and the application or step taken is withdrawn within 20 Business Days);

  

	 	(iii)	 except for the purpose of a solvent reconstruction, restructure or amalgamation of a Transaction Party carried out with
the prior written consent of the Majority Financiers, an application or an order is made, proceedings are commenced, a resolution is passed or proposed in a notice of meeting, an application to a court is made or other steps are taken:

  

	 	(A)	 for the winding up or dissolution of any Transaction Party; or 

 

	 	(B)	 in relation to the entry into of any arrangement, composition or compromise with, or assignment for the benefit of, any
of its creditors or a class of them, 

 (unless, in the case of an application or step taken, the application or step taken is
frivolous or vexatious and the application or step taken is withdrawn within 20 Business Days); 
  

	 	(iv)	 a Transaction Party: 

  

	 	(A)	 ceases, suspends or threatens to cease or suspend the conduct of the Business, without the prior written consent of the
Majority Financiers; 

  

	 	(B)	 is, or under the Corporations Act is presumed, deemed or taken to be, insolvent (other than as the result of a failure to
pay a debt or claim the subject of a good faith dispute or where it is otherwise able to prove to each Financier Representative that it is solvent); 

  

	 	(C)	 is, or states that it is, insolvent or unable to pay its debts when they are due; 

 

	 	(D)	 stops or suspends or threatens to stop or suspend payment of all or a class of its debts; 

 

	 	(E)	 takes any steps to obtain protection or is granted protection from its creditors under the laws of any applicable
jurisdiction; 

  

	 	(F)	 is wound up or dissolved (other than for the purpose of a reconstruction or amalgamation while solvent on terms approved
by the Majority Financiers in writing before the relevant event occurs); 

  

	 	(G)	 is deregistered, or any steps are taken for its deregistration; or 

 

	 	(H)	 implements a creditors scheme of arrangement with any person; 

 

	 	(g)	 (enforcement against assets): 

 

	 	(i)	 an official manager, administrator, receiver, receiver and manager, other Controller, trustee in bankruptcy or any
similar official is appointed, or any steps are taken to appoint any such person, to; 

  

	 	(ii)	 any Encumbrance is enforced or becomes capable of being enforced; or 

 

	 	(iii)	 a distress, attachment, execution or other process of a Government Agency is issued against, levied, entered upon or
enforced over, 

  

			
	  
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 a Transaction Party, or over any asset or assets of a Transaction Party with an aggregate value
exceeding $25,000,000 (as the case may be); 
  

	 	(h)	 (judgment): a judgment in an amount exceeding $25,000,000 is obtained against a Transaction Party and is not set
aside, satisfied or appealed (and if appealed, is not required to be paid as a consequence of the lodgement of that appeal) within 21 Business Days, or such later period as each Financier Representative agrees in writing; 

 

	 	(i)	 (reduction of capital): without the prior consent of the Majority Financiers (such consent not to be unreasonably
withheld or delayed), a Transaction Party: 

  

	 	(i)	 reduces its capital (including a purchase of its shares but excluding a Permitted Distribution or a redemption of
redeemable shares); 

  

	 	(ii)	 passes a resolution to reduce its capital (excluding a Permitted Distribution or a redemption of redeemable shares) or to
authorise it to purchase its shares or passes a resolution under chapter 2J of the Corporations Act 2001 or an equivalent provision; or 

  

	 	(iii)	 applies to a court to call any such meeting or to sanction any such resolution or reduction; 

 

	 	(j)	 (analogous process): anything analogous to anything referred to in paragraphs (f) to (i) inclusive, or which
has a substantially similar effect, occurs with respect to any Transaction Party under any law; 

  

	 	(k)	 (vitiation of Finance Documents): 

 

	 	(i)	 all or any material part of a Finance Document is terminated or is or becomes void, voidable, illegal, invalid,
unenforceable or of limited force and effect; or 

  

	 	(ii)	 any party becomes entitled to terminate, rescind or avoid all or any material part of a Finance Document;

  

	 	(l)	 (vitiation of other documents): 

 

	 	(i)	 all or any material part of a Material Document is terminated or is or becomes void, voidable, illegal, invalid,
unenforceable or of limited force and effect and Foxtel does not demonstrate to the satisfaction of the Majority Financiers (acting in good faith) within 10 Business Days that such event will not have a Material Adverse Effect; or

  

	 	(ii)	 unless Foxtel demonstrates to the satisfaction of the Majority Financiers (acting in good faith) within 10 Business Days
that such event will not have a Material Adverse Effect, any Transaction Party breaches or is in default under any provision of a Material Document which breach or default gives rise to a right of termination or rescission under the relevant
Material Document, and, where the Transaction Party is afforded a cure period under that Material Document in respect of that breach or default, the Transaction Party does not diligently seek to remedy that breach or default, or that breach or
default is not remedied within that cure period. The Transaction Party must notify each Financier Representative in writing of the remedy being pursued by it and shall keep each Financier Representative regularly informed of its progress and it
shall be an Event of Default if at any time the Transaction Party fails or ceases to diligently pursue that remedy; 

  

	 	(m)	 (amendment of constitution): the constitution or other constituent documents of any Transaction Party is amended
in a manner which adversely affects any Finance Party without the Majority Financiers’ prior written consent; 

  

			
	  
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	 	(n)	 (Authorisations): an Authorisation which is required or necessary for: 

 

	 	(i)	 the performance by any Transaction Party of its obligations under any Material Document; 

 

	 	(ii)	 the validity and enforceability of any Material Document; or 

 

	 	(iii)	 the conduct of the Business, 

is: 
  

	 	(A)	 repealed, revoked, terminated or expires; or 

 

	 	(B)	 modified or amended, 

and such action has had or will have a Material Adverse Effect, 

and is not replaced by another equivalent Authorisation acceptable to the Majority Financiers (acting reasonably) prior to that event occurring; 

 

	 	(o)	 (material adverse change): any other event or series of events occurs (including a material adverse change in the
Business, assets or financial condition of any Transaction Party), which has had or is, in the opinion of the Financier Representatives (acting in good faith), reasonably likely to have a Material Adverse Effect; 

 

	 	(p)	 (change of control): without the prior consent of each Financier Representative (excluding any Financier
Representative in its capacity as a counterparty under a Swap Agreement): 

  

	 	(i)	 News Corp ceases to legally and beneficially own and control (directly or indirectly) at least 50.1% of NXEA; or

  

	 	(ii)	 a Borrower or any other Transaction Party ceases to be a wholly owned Subsidiary of NXEA; 

 

	 	(q)	 (compulsory acquisition): 

 

	 	(i)	 all or any material part of the assets and undertaking of the NXEA Group is compulsorily acquired by or by order of a
Government Agency or under law; 

  

	 	(ii)	 a Government Agency orders the sale, vesting or divesting of all or any material part of the assets and undertaking of
the NXEA Group; or 

  

	 	(iii)	 a Government Agency takes a step for the purpose of any of the above, 

in each case, where the value of the assets and undertakings of the NXEA Group concerned exceeds $25,000,000; 

 

	 	(r)	 (Subordinated Debt): FS (Australia) I Pty Limited or any other party to a Subordination Deed or the Working
Capital Subordination Deed Poll breaches any material representation, warranty or undertaking given by it under a Subordination Deed or the Working Capital Subordination Deed Poll; and 

 

	 	(s)	 (Intellectual Property): 

 

	 	(i)	 any Transaction Party ceases to own, or to have the right and licence to use, the Intellectual Property; or

  

	 	(ii)	 any person claims or alleges that any Transaction Party is infringing its rights in relation to Intellectual Property,

 and such cessation or claim has or is reasonably likely to have a Material Adverse Effect. 

  

			
	  
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	6.2	 Effect of Event of Default 

 

	 	(a)	 At any time while an Event of Default is continuing, a Financier Representative may, and if so directed in accordance
with the relevant Finance Documents must, by notice to Foxtel declare that: 

  

	 	(i)	 the Guaranteed Moneys are immediately due and payable to the relevant Finance Parties; or 

 

	 	(ii)	 the commitment of the relevant Financiers under the Finance Documents is cancelled, 

or make each of the declarations under clauses 6.2(a)(i) and (ii). 
  

	 	(b)	 Foxtel must immediately repay the Guaranteed Moneys on receipt of a notice under clause 6.2(a)(i). 

 

	7	 Financial Calculations 

A Financial Ratio will apply on and from the Calculation Date in respect of which it was finally determined until the next Calculation Date. 

 

	8	 Guarantee 

  

	8.1	 Guarantee 

The Guarantors jointly and severally, unconditionally and irrevocably guarantee to each Indemnified Party the payment of the Guaranteed Moneys due to
each Indemnified Party. 
  

	8.2	 Payment 

  

	 	(a)	 If the Guaranteed Moneys are not paid when due, each Guarantor must immediately on demand from the relevant Financier
Representative pay to that Financier Representative for the account of its Financiers the Guaranteed Moneys in the same manner and currency as the Guaranteed Moneys are required to be paid. 

 

	 	(b)	 A demand under clause 8.2(a) may be made at any time and from time to time. 

 

	 	(c)	 If an Ipso Facto Event is continuing, then immediately on demand by a Financier Representative, that Guarantor shall pay
the relevant Guaranteed Moneys as if it were the principal obligor. 

  

	8.3	 Securities for other money 

Each Indemnified Party may apply any amounts received by it or recovered under any document or agreement which is a security for any of the Guaranteed
Moneys and any other money in the manner it determines in its absolute discretion. 
  

	8.4	 Amount of Guaranteed Moneys 

 

	 	(a)	 This clause 8 applies to any amount which forms part of the Guaranteed Moneys from time to time. 

 

	 	(b)	 The obligations of each Guarantor under this clause 8 extend to any increase in the Guaranteed Moneys as a result of:

  

	 	(i)	 any amendment, supplement, renewal or replacement of any Finance Document to which a Transaction Party and any
Indemnified Party is a party; or 

  

	 	(ii)	 the occurrence of any other thing. 

  

			
	  
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	 	(c)	 Clause 8.4(b): 

  

	 	(i)	 applies regardless of whether any Guarantor is aware of or consented to or is given notice of any amendment, supplement,
renewal or replacement of any agreement to which a Transaction Party and any Indemnified Party is a party or the occurrence of any other thing; and 

  

	 	(ii)	 does not limit the obligations of any Guarantor under this clause 8. 

 

	8.5	 Proof by Indemnified Parties 

In the event of the liquidation of a Transaction Party, each Guarantor irrevocably authorises each Indemnified Party to prove for all money which any
Guarantor has paid or is or may be obliged to pay under any Finance Document, any other document or agreement or otherwise in respect of the Guaranteed Moneys. 
  

	8.6	 Avoidance of payments 

  

	 	(a)	 If any payment, conveyance, transfer or other transaction relating to or affecting the Guaranteed Moneys is:

  

	 	(i)	 void, voidable or unenforceable in whole or in part; or 

 

	 	(ii)	 claimed to be void, voidable or unenforceable and that claim is upheld, conceded or compromised in whole or in part,

 the liability of each Guarantor under this clause 8 and any Power is the same as if: 

 

	 	(iii)	 that payment, conveyance, transfer or transaction (or the void, voidable or unenforceable part of it); and

  

	 	(iv)	 any release, settlement or discharge made in reliance on any thing referred to in clause 8.6(a)(iii),

 had not been made and each Guarantor must immediately take all action and sign all documents necessary or required by a Financier
Representative to restore to each Indemnified Party the benefit of this clause 8. 
  

	 	(b)	 Clause 8.6(a) applies whether or not any Indemnified Party knew, or ought to have known, of anything referred to in
clause 8.6(a). 

  

	8.7	 Indemnity for avoidance of Guaranteed Moneys 

 

	 	(a)	 If any of the Guaranteed Moneys (or money which would have been Guaranteed Moneys if it had not been irrecoverable) are
irrecoverable by any Indemnified Party from: 

  

	 	(i)	 any Transaction Party; or 

  

	 	(ii)	 a Guarantor on the footing of a guarantee, 

the Guarantors jointly and severally, unconditionally and irrevocably, and as a separate and principal obligation: 

 

	 	(iii)	 indemnify each Indemnified Party against any Loss suffered, paid or incurred by that Indemnified Party in relation to the
non payment of that money; and 

  

	 	(iv)	 must pay to the relevant Financier Representative for the account of that Indemnified Party an amount equal to that Loss.

  

	 	(b)	 Clause 8.7(a) applies to the Guaranteed Moneys (or money which would have been Guaranteed Moneys if it had not been
irrecoverable) which are or may be irrecoverable irrespective of whether: 

  

	 	(i)	 they are or may be irrecoverable because of any event described in clause 8.12; 

 

	 	(ii)	 they are or may be irrecoverable because of any other fact or circumstance; 

  

			
	  
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	 	(iii)	 the obligations or liabilities or any of them relating to that money are void or illegal or avoided or otherwise
unenforceable; and 

  

	 	(iv)	 any matters relating to the Guaranteed Moneys are or should have been within the knowledge of any Indemnified Party.

  

	8.8	 No obligation to marshal 

An Indemnified Party is not required to marshal or to enforce or apply under or appropriate, recover or exercise: 

 

	 	(a)	 any Encumbrance, Guarantee or other document or agreement held, at any time, by or on behalf of that or any other
Indemnified Party; or 

  

	 	(b)	 any money or asset which that Indemnified Party, at any time, holds or is entitled to receive. 

 

	8.9	 Non exercise of Guarantors’ rights 

A Guarantor must not exercise any rights it may have inconsistent with this clause 8. 

 

	8.10	 Principal and independent obligation 

 

	 	(a)	 This clause 8 is: 

  

	 	(i)	 a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation; and

  

	 	(ii)	 independent of and not in substitution for or affected by any other guarantee or security which any Indemnified Party may
hold in respect of the Guaranteed Moneys or any obligations of any Transaction Party or any other person. 

  

	 	(b)	 This clause 8 is enforceable against a Guarantor: 

 

	 	(i)	 whether or not any Indemnified Party has: 

 

	 	(A)	 made demand on any Transaction Party (other than any demand specifically required to be given, or notice required to be
issued, to a Guarantor under clause 8.2 or any other provision of a Finance Document); 

  

	 	(B)	 given notice to any Transaction Party or any other person in respect of any thing; or 

 

	 	(C)	 taken any other steps against any Transaction Party or any other person; 

 

	 	(ii)	 whether or not any Guaranteed Moneys are then due and payable; and 

 

	 	(iii)	 despite the occurrence of any event described in clause 8.12. 

 

	8.11	 Suspense account 

Until the Guaranteed Moneys have been paid in full or each Finance Party has received or recovered money that (after any applicable expenses and
exchanges) is sufficient to pay the Guaranteed Moneys in full, each Finance Party may: 
  

	 	(a)	 appropriate at its discretion any money received or recovered in respect of the Guaranteed Moneys under this Deed Poll or
otherwise, including money received or recovered by way of set-off or as a dividend in liquidation; and 

  

	 	(b)	 refrain from applying the money in reduction of the Guaranteed Moneys, and claim against any person (including by proving
in any liquidation) in respect of the full amount of the Guaranteed Moneys disregarding the money received or recovered. 

  

			
	  
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	8.12	 Unconditional nature of obligations 

 

	 	(a)	 This clause 8 and the obligations of each Guarantor under the Finance Documents are not released or discharged or
otherwise affected by anything which but for this provision might have that effect, including: 

  

	 	(i)	 the grant to any Transaction Party or any other person of any time, waiver, covenant not to sue or other indulgence;

  

	 	(ii)	 the release (including a release as part of any novation) or discharge of any Transaction Party or any other person;

  

	 	(iii)	 the cessation of the obligations, in whole or in part, of any Transaction Party or any other person under any Finance
Document or any other document or agreement; 

  

	 	(iv)	 the liquidation of any Transaction Party or any other person; 

 

	 	(v)	 any arrangement, composition or compromise entered into by any Indemnified Party, any Transaction Party or any other
person; 

  

	 	(vi)	 any Finance Document or any other document or agreement being in whole or in part illegal, void, voidable, avoided,
unenforceable or otherwise of limited force or effect; 

  

	 	(vii)	 any extinguishment, failure, loss, release, discharge, abandonment, impairment, compounding, composition or compromise,
in whole or in part, of any Finance Document or any other document or agreement; 

  

	 	(viii)	 any alteration, amendment, variation, supplement, renewal or replacement of any Finance Document or any other document or
agreement; 

  

	 	(ix)	 any moratorium or other suspension of any Power; 

 

	 	(x)	 any Indemnified Party exercising or enforcing, delaying or refraining from exercising or enforcing, or being not entitled
or unable to exercise or enforce any Power; 

  

	 	(xi)	 any Indemnified Party obtaining a judgment against any Transaction Party or any other person for the payment of any of
the Guaranteed Moneys; 

  

	 	(xii)	 any transaction, agreement or arrangement that may take place with any Indemnified Party, any Transaction Party or any
other person; 

  

	 	(xiii)	 any payment to any Indemnified Party including any payment which at the payment date or at any time after the payment
date is in whole or in part illegal, void, voidable, avoided or unenforceable; 

  

	 	(xiv)	 any failure to give effective notice to any Transaction Party or any other person of any default under any Finance
Document or any other document or agreement; 

  

	 	(xv)	 any legal limitation, disability or incapacity of any Transaction Party or of any other person; 

 

	 	(xvi)	 any breach of any Finance Document or any other document or agreement; 

 

	 	(xvii)	 the acceptance of the repudiation of, or termination of, any Finance Document or any other document or agreement;

  

	 	(xviii)	 any Guaranteed Moneys being irrecoverable for any reason; 

 

	 	(xix)	 any disclaimer by any Transaction Party or any other person of any Finance Document or any other document or agreement;

  

			
	  
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	 	(xx)	 any assignment, novation, assumption or transfer of, or other dealing with, any Powers or any other rights or obligations
under any Finance Document or any other document or agreement; 

  

	 	(xxi)	 the opening of a new account of any Transaction Party with any Indemnified Party or any transaction on or relating to the
new account; 

  

	 	(xxii)	 any prejudice (including material prejudice) to any person as a result of: 

 

	 	(A)	 any thing done or omitted by any Indemnified Party, any Transaction Party or any other person; 

 

	 	(B)	 any failure or neglect by any Indemnified Party or any other person to recover the Guaranteed Moneys from any Transaction
Party; or 

  

	 	(C)	 any other thing; 

  

	 	(xxiii)	 the receipt by any Indemnified Party of any dividend, distribution or other payment in respect of any liquidation;

  

	 	(xxiv)	 the failure of any other Guarantor or any other person who is intended to become a
co-surety or co-indemnifier of that Guarantor to execute this agreement or any other document; or 

 

	 	(xxv)	 any other act, omission, matter or thing whether negligent or not. 

 

	 	(b)	 Clause 8.12(a) applies irrespective of: 

 

	 	(i)	 the consent or knowledge or lack of consent or knowledge, of any Indemnified Party, any Transaction Party or any other
person of any event described in clause 8.12(a); or 

  

	 	(ii)	 any rule of law or equity to the contrary. 

 

	8.13	 No competition 

  

	 	(a)	 Until the Guaranteed Moneys have been fully paid and this clause 8 has been finally discharged, a Guarantor is not
entitled to: 

  

	 	(i)	 be subrogated to any Indemnified Party; 

 

	 	(ii)	 claim or receive the benefit of: 

 

	 	(A)	 any Encumbrance, Guarantee or other document or agreement of which any Indemnified Party has the benefit;

  

	 	(B)	 any moneys held by any Indemnified Party; or 

 

	 	(C)	 any Power; 

  

	 	(iii)	 either directly or indirectly to prove in, claim or receive the benefit of any distribution, dividend or payment arising
out of or relating to the liquidation of any Transaction Party liable to pay the Guaranteed Moneys, except in accordance with clause 8.13(b); 

  

	 	(iv)	 make a claim or exercise or enforce any right, power or remedy by way of contribution against any Transaction Party
liable to pay the Guaranteed Moneys; or 

  

	 	(v)	 raise any defence or counterclaim in reduction or discharge of its obligations under this clause 8.

  

			
	  
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	 	(b)	 If required by any Indemnified Party, a Guarantor must prove in any liquidation of any Transaction Party liable to pay
the Guaranteed Moneys for all money owed to the Guarantor in accordance with the Indemnified Party’s instructions. 

  

	 	(c)	 All money recovered by a Guarantor in breach of this clause 8.13 from any liquidation or from any Transaction Party
liable to pay the Guaranteed Moneys must be promptly paid to the Financier Representatives for the account of their Financiers and only if it does not create or take effect as a security interest for the purposes of the PPSA, until so paid must be
received and held in trust by the Guarantor for the Indemnified Parties to the extent of the unsatisfied liability of the Guarantor under this clause 8. 

  

	 	(d)	 A Guarantor must not do or seek, attempt or purport to do anything referred to in clause 8.13(a). 

 

	8.14	 Continuing guarantee 

This clause 8 is a continuing obligation of each Guarantor, despite: 
  

	 	(a)	 any settlement of account; or 

  

	 	(b)	 the occurrence of any other thing, 

and remains in full force and effect until all the Guaranteed Moneys have been Finally Paid. 

 

	8.15	 Variation 

This clause 8 extends to cover the Finance Documents as amended, varied or replaced, whether with or without the consent of any one or more of the
Guarantors, including any increase in the limit or maximum principal amount available under a Finance Document. 
  

	8.16	 Judgments 

A final judgment obtained against a relevant Transaction Party is conclusive as against each Guarantor. 

 

	8.17	 Additional Guarantors 

Any entity may become a Guarantor by executing a Guarantor Assumption Deed Poll. 

 

	8.18	 Undertakings concerning Additional Guarantors 

Unless otherwise agreed in writing by all Financiers, each Transaction Party undertakes to the Financiers to ensure that each Financier Representative
has received the following in form and substance satisfactory to it before an entity becomes an Additional Guarantor:  
  

	 	(a)	 (verification certificate) a certificate in relation to that entity given by a director or secretary
of that entity substantially in the form of Schedule 6; 

  

	 	(b)	 (completed documents) a duly executed Guarantor Assumption Deed Poll; 

 

	 	(c)	 (know your customer) evidence of receipt of all “know your customer” documentation which
is reasonably required by a Financier Representative to permit each Financier to carry out all necessary “know your customer” or other similar checks under all applicable anti-money laundering laws and regulations; and

  

	 	(d)	 (legal opinion) an opinion of legal advisors to the relevant entity acceptable to the Financier
Representatives in each case, (acting reasonably). 

  

			
	  
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	8.19	 Release of Guarantors 

  

	 	(a)	 Any Guarantor (other than NXEA or any other Borrower) may, upon Foxtel providing at least 30 days written notice to each
Financier Representative, cease to be a Guarantor under this Deed Poll provided that: 

  

	 	(i)	 no Event of Default or Potential Event of Default subsists as at the proposed date of release of that Guarantor or will
occur as a result of the release; and 

  

	 	(ii)	 immediately after it ceases to be a Guarantor: 

 

	 	(A)	 the Total Assets of the Transaction Parties is not less than 90% of the Total Assets of the NXEA Group calculated as at
the most recent Calculation Date; and 

  

	 	(B)	 the aggregate contribution of the Transaction Parties to EBITDA of the NXEA Group is not less than 90% of the EBITDA of
the NXEA Group for the 12 month period to the most recent Calculation Date. 

  

	 	(b)	 Foxtel shall provide such information as is reasonably requested by a Financier Representative in order to satisfy it
that paragraph (a) above has been complied with. 

  

	 	(c)	 Following the giving of a notice in accordance with paragraph (a), on: 

 

	 	(i)	 expiry of the 30 day period referred to in paragraph (a) in respect of a Guarantor in compliance with paragraph (a);
and 

  

	 	(ii)	 the execution of a Deed of Release, 

the Finance Parties release such Guarantor from all its obligations under the Finance Documents. 

 

	8.20	 Commodity Exchange Act 

  

	 	(a)	 The guarantee granted to an Indemnified Party for the payment of the Guaranteed Moneys in this Deed Poll shall exclude
any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of the Commodity Exchange Act (7 U.S.C. § 1 et seq.) (USA) (Commodity Exchange Act)
(Swap Obligation) if, and to the extent that, all or a portion of the guarantee or security interest granted by such Guarantor of, or the grant by such Guarantor of a guarantee or security interest to
secure, such Swap Obligation (or any guarantee or security interest in respect thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the U.S. Commodity Futures Trading Commission (or the application or
official interpretation of any of them) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” (as defined in the Commodity Exchange Act and determined after giving effect to clause
(b) below and any other “keepwell, support or other agreement” for the benefit of such Guarantor and any and all guarantees of such Guarantor’s Swap Obligations by other Guarantors) at the time the guarantee of such Guarantor or
the grant of such security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one “swap” (within the meaning of the Commodity Exchange Act)
(Swap Contract), such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swap Contracts for which such guarantee or security interest is or becomes
illegal or excluded in accordance with the first sentence in this paragraph (a). 

  

	 	(b)	 Each Transaction Party that has total assets exceeding US$10,000,000 or that qualifies as an “eligible contract
participant” under the Commodity Exchange Act and can cause another person to qualify as an “eligible contract participant” under Section 

  

			
	  
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	 	1a(18)(A)(v)(II) of the Commodity Exchange Act (Qualified ECP Guarantor) at the time that a guarantee or a security interest under a Finance Document, in each case, by any
Transaction Party that is not then an “eligible contract participant” under the Commodity Exchange Act (Specified Transaction Party), becomes effective with respect to any Swap Obligation, hereby
jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Transaction Party with respect to such Swap Obligation as may be needed by such Specified Transaction Party from
time to time to honour all of its obligations under the Finance Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can hereby be incurred without rendering such Qualified ECP
Guarantor’s obligations and undertakings under this clause voidable under applicable law relating to fraudulent conveyance and fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP
Guarantor under this paragraph (b) shall remain in full force and effect until the Guaranteed Moneys have been indefeasibly paid and performed in full. Each Transaction Party intends this paragraph (b) to constitute, and this paragraph
(b) shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Transaction Party for all purposes of the Commodity Exchange Act.

  

	9	 Increased costs and illegality 

 

	9.1	 Increased costs 

  

	 	(a)	 If a Financier determines that any Change in Law affecting it or any of its holding companies (each a Holding
Company) directly or indirectly: 

  

	 	(i)	 increases the effective cost to that Financier of performing its obligations under the Finance Documents or funding or
maintaining financial accommodation or a commitment under a Finance Document; 

  

	 	(ii)	 reduces any amount received or receivable by that Financier under the Finance Documents; or 

 

	 	(iii)	 in any other way reduces the effective return to that Financier or any Holding Company under the Finance Documents or the
overall return on capital of that Financier or any Holding Company, 

 (each an Increased Cost), Foxtel
must pay to that Financier on demand compensation for the Increased Cost to the extent attributed by that Financier or Holding Company (using the methods it considers appropriate) to that Financier’s obligations under the Finance Documents or
the funding or maintenance of financial accommodation or a commitment under a Finance Document. 
  

	 	(b)	 A claim under clause 9.1(a): 

  

	 	(i)	 must contain reasonable details of the event giving rise to the claim, the amount of the claim and the basis of
computation of the claim; and 

  

	 	(ii)	 in the absence of manifest error, is sufficient evidence of the amount to which the relevant Financier is entitled under
clause 9.1(a) unless the contrary is proved. 

  

	 	(c)	 If Foxtel receives a demand from a Financier under clause 9.1(a), Foxtel may, by written notice to the relevant Financier
Representative and that Financier on or before the date which is 20 Business Days after the date of that demand, cancel the commitment of that Financier under a Finance Document and prepay the Guaranteed Moneys of that Financier in full.

  

			
	  
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	 	(d)	 A notice under clause 9.1(c) is irrevocable and Foxtel must, on the date which is 40 Business Days after the date that
the notice is given, pay to the relevant Financier the Guaranteed Moneys in respect of the relevant Financier in full. 

  

	 	(e)	 Each Financier shall use reasonable endeavours to avoid or minimise an Increased Cost. If requested by Foxtel, a
Financier shall: 

  

	 	(i)	 negotiate in good faith with Foxtel for 30 days with a view to finding a means to avoid or minimise the Increased Cost;
and 

  

	 	(ii)	 provided that Foxtel has paid that Financier compensation for the Increased Cost in accordance with this clause 9.1,
transfer its participation under the relevant Finance Document, on terms and conditions satisfactory to the relevant Financier Representative and that Financier (acting reasonably), to a person proposed by Foxtel. 

 

	9.2	 Illegality 

  

	 	(a)	 If any Change in Law or other event makes it illegal for a Financier to perform its obligations under the Finance
Documents or fund or maintain financial accommodation or a commitment under a Finance Document, that Financier may by notice to Foxtel: 

  

	 	(i)	 suspend its obligations under the Finance Documents for the duration of the illegality; or 

 

	 	(ii)	 by notice to Foxtel, cancel its commitment under the relevant Finance Documents and require Foxtel to repay the
Guaranteed Moneys in respect of that Financier in full on the date which is 40 Business Days after the date on which that Financier gives the notice or any earlier date required by, or to comply with, the applicable law. 

 

	 	(b)	 A notice under clause 9.2(a)(ii) is irrevocable and, subject to paragraph (c), Foxtel must, on the repayment date
determined under clause 9.2(a)(ii), pay to the relevant Financier the Guaranteed Moneys in respect of that Financier in full. 

  

	 	(c)	 If requested by Foxtel, the relevant Financier must transfer its participation under the Finance Documents, on terms and
conditions satisfactory to the relevant Financier Representative and that Financier (acting reasonably), to a person proposed by Foxtel. 

  

	10	 Interest on Overdue Amounts 

 

	10.1	 Accrual 

Except where the relevant Finance Document provides otherwise, interest accrues on each unpaid amount which is due and payable by a Transaction Party
under or in respect of any Finance Document (including interest under this clause): 
  

	 	(a)	 on a daily basis up to the date of actual payment from (and including) the due date or, in the case of an amount payable
by way of reimbursement or indemnity, the date of disbursement or loss, if earlier; 

  

	 	(b)	 both before and after judgment (as a separate and independent obligation); and 

 

	 	(c)	 at the rate provided in clause 10.3. 

 

	10.2	 Payment 

Each Transaction Party shall pay interest accrued under this clause on demand by the relevant Financier Representative and on the last Business Day of
each calendar quarter. That interest is payable in the currency of the unpaid amount on which it accrues. 

  

			
	  
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	10.3	 Rate 

The rate applicable under this clause is the sum of 2% per annum plus the higher of: 

 

	 	(a)	 the rate (if any) applicable to the amount immediately before the due date; and 

 

	 	(b)	 the rate agreed in respect of overdue amounts in accordance with the terms of the relevant Finance Document.

 Interest is calculated on the basis of a year of 365 days or, where the drawing is in another currency for which such calculation
basis is market convention, 360 days. 
  

	11	 Indemnities 

  

	11.1	 General indemnity 

Foxtel indemnifies each Indemnified Party against any Loss which that Indemnified Party suffers, incurs or is liable for, except to the extent
attributable to the fraud, wilful misconduct or gross negligence of that Indemnified Party in respect of any of the following: 
  

	 	(a)	 all or a part of any financial accommodation requested by a Transaction Party in accordance with a Finance Document not
being made for any reason including any failure by a Transaction Party to fulfil any condition precedent contained in a Finance Document; 

  

	 	(b)	 a Finance Party receiving payments of principal before the last day of an applicable Funding Period for any reason;

  

	 	(c)	 the occurrence of any Default; 

 

	 	(d)	 an Indemnified Party exercising its Powers consequent upon or arising out of the occurrence of any Default, including in
respect of any indemnity given to an administrator by an Indemnified Party; and 

  

	 	(e)	 the attempted exercise, exercise or delay in the exercise of any Power. 

 

	11.2	 Continuing indemnities and evidence of loss 

 

	 	(a)	 Each indemnity of a Transaction Party in a Finance Document is a continuing obligation of the Transaction Party, despite:

  

	 	(i)	 any settlement of account; or 

  

	 	(ii)	 the occurrence of any other thing, 

and remains in full force and effect until the Guaranteed Moneys are fully and finally repaid. 

 

	 	(b)	 Each indemnity of a Transaction Party in a Finance Document is an additional, separate and independent obligation of a
Transaction Party and no one indemnity limits the general nature of any other indemnity. 

  

	 	(c)	 Each indemnity of a Transaction Party in a Finance Document survives the termination of any Finance Document.

  

	 	(d)	 A certificate given by an Officer of an Indemnified Party detailing the amount of any Loss covered by any indemnity in a
Finance Document is sufficient evidence unless the contrary is proved. 

  

			
	  
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	12	 Tax, costs and expenses 

 

	12.1	 Tax 

  

	 	  (a)	 Foxtel must pay any Tax, other than an Excluded Tax, in respect of any Finance Party, which is payable in respect of a
Finance Document (including in respect of the execution, delivery, performance, release, discharge, amendment or enforcement of a Finance Document) or any Transaction except any net increase in the total amount of Taxes which is a direct result of
an assignment, transfer, sub-participation or similar by a Finance Party and of which that Finance Party or its assignee was aware or ought reasonably to have been aware on the date of the assignment. For this
purpose only, an assignment, transfer, sub-participation or similar dealing will be regarded as an assignment. 

  

	 	  (b)	 Foxtel must pay any fine, penalty or other cost in respect of a failure to pay any Tax described in clause 12.1(a) except
to the extent that the fine, penalty or other cost is caused by the failure of the Finance Party to lodge money received from Foxtel before the due date for lodgement within 5 Business Days of receipt. 

 

	 	  (c)	 Foxtel indemnifies each Finance Party against any amount payable under this clause 12.1. 

 

	12.2	 Costs and expenses 

  Foxtel must pay: 
  

	 	  (a)	 all costs and expenses of each Indemnified Party in relation to: 

 

	 	(i)	 the enforcement, protection or waiver of any rights under any Finance Document; and 

 

	 	(ii)	 any enquiry by a Government Agency involving any member of the NXEA Group; and 

 

	 	  (b)	 all reasonable costs and expenses of each Indemnified Party in relation to: 

 

	 	(i)	 the negotiation, preparation, execution and printing of any Finance Document; and 

 

	 	(ii)	 the consent or approval of an Indemnified Party given under any Finance Document, 

in either case including: 
  

	 	(A)	 administration costs of each Indemnified Party in relation to the matters described in clause 12.2(a)(ii); and

  

	 	(B)	 legal costs and expenses and any professional consultant’s fees, on a full indemnity basis. 

 

	12.3	 GST 

  

	 	  (a)	 In this clause 12.3: 

  

	 	(i)	 GST law has the same meaning as in the GST Act; and 

 

	 	(ii)	 words used which have a defined meaning in the GST law have the same meaning as in the GST law and a reference to an
input tax credit entitlement of a party includes an input tax credit for an acquisition made by that party but to which another member of the same GST Group is entitled under the GST law. 

  

			
	  
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	 	  (b)	 Unless expressly included, the consideration for any supply under or in connection with a Finance Document does not
include GST. 

  

	 	  (c)	 To the extent that any supply under or in connection with a Finance Document is a taxable supply, the consideration for
that supply shall be increased by an amount equal to the consideration for the supply multiplied by the rate of GST imposed in respect of the supply. However, in the case of an amount payable under this clause 12.3(c) by a Finance Party, the amount
shall not exceed the input tax credit to which that Finance Party is entitled in respect of the GST imposed on the supplier of the relevant supply. 

  

	 	  (d)	 In the case of an amount payable under clause 12.3(c) by a Finance Party in respect of a supply under a Finance Document,
the amount payable by that Finance Party under clause 12.3(c) is due within 7 days of that Finance Party (or a member of the same GST Group as that Finance Party) receiving the benefit of an input tax credit in respect of the supply.

  

	 	  (e)	 The Finance Party must issue a Tax Invoice to the recipient of a supply to which clause 12.3(c) applies on or prior to
the time for payment of any part of the GST inclusive consideration determined under that clause. 

  

	 	  (f)	 If a party is entitled under a Finance Document to be reimbursed or indemnified by another party for a cost or expense
incurred in connection with a Finance Document, the reimbursement or indemnity payment must not include any GST component of the cost or expense for which an input tax credit may be claimed by the party to be reimbursed or indemnified.

  

	 	  (g)	 Foxtel indemnifies and holds each Finance Party harmless against any loss, liability or outgoing (including any penalty,
fine or interest) resulting from any failure or omission by Foxtel in complying with its obligations under this clause 12.3 including as a result of any delay, miscalculation or misdirection by Foxtel of an amount payable to, on behalf, or at the
direction of that Finance Party. 

  

	13	 Saving provisions 

  

	13.1	 No merger of security 

  

	 	  (a)	 Nothing in any Finance Document, extinguishes, postpones, lessens or otherwise prejudicially affects:

  

	 	(i)	 any Encumbrance or indemnity in favour of any Indemnified Party at any time; or 

 

	 	(ii)	 any right, power, authority, discretion or remedy which any Indemnified Party may have against a Transaction Party or any
other person at any time. 

  

	 	  (b)	 No other Encumbrance or Finance Document held by any party in any way prejudicially affects any Power.

  

	13.2	 Exclusion of moratorium 

  To the extent not excluded by law, a provision of any legislation which directly or indirectly: 

 

	 	  (a)	 lessens, varies or affects in favour of a Transaction Party any obligations under the Finance Documents; or

  

	 	  (b)	 stays, postpones or otherwise prevents or prejudicially affects the exercise by any Indemnified Party of any Power,

 is negatived and excluded from the Finance Documents and all relief and protection conferred on a Transaction Party by or under
that legislation is also negatived and excluded. 

  

			
	  
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	13.3	 Conflict 

Where any Power of any Indemnified Party is inconsistent with the powers conferred by applicable law then, to the extent not prohibited by that law, the
powers conferred by applicable law are regarded as negatived or varied to the extent of the inconsistency. 
  

	13.4	 Consents 

  

	 	  (a)	 Whenever any action by a Transaction Party is dependent on the consent or approval of an Indemnified Party, the
Indemnified Party may withhold its consent or approval or give it conditionally or unconditionally in its absolute discretion unless expressly stated otherwise in a Finance Document. 

 

	 	  (b)	 Any conditions to the consent or approval must be complied with. 

 

	13.5	 Principal obligations 

Each Finance Document is: 
  

	 	  (a)	 a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another security for stamp
duty purposes) or other obligation; and 

  

	 	  (b)	 independent of, and unaffected by, any other Encumbrance or other obligation which any Indemnified Party may hold at any
time in respect of the Guaranteed Moneys. 

  

	13.6	 No Obligation to marshal 

A Finance Party is not required to marshal or to enforce or apply under or appropriate, recover or exercise: 

 

	 	  (a)	 any Encumbrance or Guarantee or other document or agreement held at any time, by an Indemnified Party; or

  

	 	  (b)	 any money or asset which an Indemnified Party at any time, holds or is entitled to receive. 

 

	13.7	 Non avoidance 

If any payment by any Transaction Party to an Indemnified Party is at any time avoided for any reason including any legal limitation, disability or
incapacity of or affecting the Transaction Party or any other thing, and whether or not: 
  

	 	  (a)	 any transaction relating to the Guaranteed Moneys was illegal, void or substantially avoided; or 

 

	 	  (b)	 any thing was or ought to have been within the knowledge of any party, then: 

 

	 	  (c)	 that Transaction Party as an additional, separate and independent obligation, indemnifies the Indemnified Party against
that avoided payment; and 

  

	 	  (d)	 each Transaction Party acknowledges that its liability under the Finance Documents and any Power is the same as if that
payment had not been made. 

  

	13.8	 Set off authorised 

If a Transaction Party does not pay any amount when due and payable by it to the relevant Financier Representative under a Finance Document, that
Financier Representative may while an Event of Default is continuing: 
  

	 	  (a)	 apply any credit balance in any currency in any account of that Transaction Party with the Financier Representative in or
towards satisfaction of that amount; and 

  

			
	  
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	 	  (b)	 effect any currency conversion which may be required to make an application under clause 13.8(a). 

 

	13.9	 Certificates and approvals 

 

	 	  (a)	 A certificate signed by any Officer of a Financier Representative in relation to any amount, calculation or payment under
any Finance Document is sufficient evidence of that amount, calculation or payment unless the contrary is proved. 

  

	 	  (b)	 Where any provision of a Finance Document requires the approval of an Indemnified Party, that approval will not be
effective unless and until it is provided in writing. 

  

	13.10	 No reliance or other obligations and risk assumption 

Each Transaction Party acknowledges and confirms that: 
  

	 	  (a)	 it has not entered into any Finance Document in reliance on any representation, warranty, promise or statement made by or
on behalf of any Indemnified Party; 

  

	 	  (b)	 in respect of the transactions evidenced by the Finance Documents, no Indemnified Party has any obligations other than
those expressly set out in, but subject to, the Finance Documents; and 

  

	 	  (c)	 in respect of interest rates or exchange rates, no Indemnified Party is liable for: 

 

	 	(i)	 any movement in interest rates or exchange rates; or 

 

	 	(ii)	 any information, advice or opinion provided by or on behalf of that Indemnified Party, even if: 

 

	 	(A)	 provided at the request of a Transaction Party (it being acknowledged by each Transaction Party that such matters are
inherently speculative); 

  

	 	(B)	 relied on by a Transaction Party; or 

 

	 	(C)	 provided incorrectly or negligently. 

 

	14	 Assignments 

  

	 	  (a)	 A Transaction Party may only assign or transfer all or any of its rights or obligations under this Deed Poll with the
prior written consent of each Financier Representative. 

  

	 	  (b)	 A Finance Party may assign, transfer or sub-participate all or any of its rights
under this Deed Poll in accordance with the provisions set out in a Finance Document as part of a corresponding dealing with its rights under the relevant Finance Document. 

 

	15	 General 

  

	15.1	 Notices 

  

	 	  (a)	 Any notice or other communication including any request, demand, consent or approval, to or by a party to any Finance
Document is only effective if it is: 

  

	 	(i)	 in legible writing and in English addressed as shown below , signed by or on behalf of the person giving it:

  

	 	(A)	 if to Foxtel: 

  

					
		 	Address:	  	5 Thomas Holt Drive
			
		 		  	North Ryde NSW 2113
			
		 	Attention:	  	Chief General Counsel
			
		 	Facsimile:	  	(02) 9813 7606
			
		 	Email:	  	general.counsel@foxtel.com.au

  

			
	  
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	(B)    	 	if to NXEA:	  	
			
		 	Address:	  	5 Thomas Holt Drive
			
		 		  	North Ryde NSW 2113
			
		 	Attention:	  	Chief General Counsel
			
		 	Facsimile:	  	(02) 9813 7606
			
		 	Email:	  	general.counsel@foxtel.com.au

  

	 	(C)	 if to an Initial Guarantor, to the address for that Initial Guarantor set out in schedule 1; 

 

	 	(D)	 if to an Additional Guarantor, to the address for that Additional Guarantor set out in a Guarantee Assumption Agreement;

  

	 	(E)	 if to a Finance Party, to the address for that Finance Party specified in the Finance Documents to which that Finance
Party is a party, 

 or as specified to the sender by any party by notice; 

 

	 	(ii)	 where the sender is a company, signed by an Officer or under the common seal of the sender; 

 

	 	(iii)	 given in one of the following ways: 

 

	 	(A)	 sent by prepaid mail (by airmail, if the addressee is overseas) or delivered to that person’s address;

  

	 	(B)	 sent by fax to that person’s fax number and the machine from which it is sent produces a report that states that it
was sent in full without error; 

  

	 	(C)	 given personally; 

  

	 	(D)	 sent in electronic form (such as email), and, for the purposes of sub-paragraphs
(i) and (ii) above, communications sent by email will be taken to be signed by the named sender of the email; or 

  

	 	(E)	 given in any other manner permitted by law; 

 

	 	(b)	 Subject to paragraph (c), a notice or other communication that complies with this clause 15.1 is conclusively regarded as
being given by the sender and received by the addressee: 

  

	 	(A)	 if it is sent by facsimile or delivered, if received: 

 

	 	(1)	 by 5.00 pm (local time in the place of receipt) on a Business Day, on that Business Day; or 

 

	 	(2)	 after 5.00 pm (local time in the place of receipt) on a Business Day, or on a day that is not a Business Day, on the next
Business Day; 

  

	 	(B)	 if by post, when it would be delivered in the ordinary course of post, but in any event, not later than 3 Business Days
after posting within Australia, or, not later than 7 Business Days after posting to or from a place outside Australia; or 

  

	 	(C)	 if given personally, when actually received by that person; 

  

			
	  
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	 	(D)	 if it is sent in electronic form: 

 

	 	(1)	 in compliance with the rules established under paragraph (d), at the time specified in those rules; or

  

	 	(2)	 in the absence of those rules, if the time recorded on the device at the place of receipt is before 5.00 pm on a Business
Day, that Business Day, or, if the time recorded on the device at the place of receipt is after 5.00 pm on a Business Day, or on a day that is not a Business Day, on the next Business Day, 

unless the sender received an automated message that the notice, or other communication had not been delivered within 4 hours after the time on the
device from which the sender sent the notice or other communication; and 
  

	 	(E)	 if it is given in any other manner permitted by law, when actually received by that person, unless a later time of
receipt is specified in it. 

  

	 	(c)	 Any notice or other communication to be made or delivered to a Financier Representative will be effective only when
actually received by it and only if it is expressly marked for the attention of the department or officer specified in the relevant Syndicated Facility Agreement. 

 

	 	(d)	 Any notice or other communication under this document or a Syndicated Facility Agreement may be given by means of a
secure website access which is restricted to the parties to the Finance Documents (and, where applicable, their financial and legal advisers) established by a Financier Representative or other electronic means in a manner and subject to rules
established by the Financier Representative and agreed with Foxtel. 

  

	 	(e)	 In this clause 15.1, a reference to an addressee includes a reference to an addressee’s Officers, agents or
employees or any person reasonably believed by the sender to be an Officer, agent or employee of the addressee. 

  

	15.2	 Governing law and jurisdiction 

 

	 	(a)	 Each Finance Document is governed by the laws of New South Wales, unless otherwise specified. 

 

	 	(b)	 Each Transaction Party irrevocably submits to the non exclusive jurisdiction of the courts of New South Wales.

  

	 	(c)	 Each Transaction Party irrevocably waives any objection to the venue of any legal process on the basis that the process
has been brought in an inconvenient forum. 

  

	 	(d)	 Each Transaction Party irrevocably waives any immunity in respect of its obligations under this Deed Poll that it may
acquire from the jurisdiction of any court or any legal process for any reason including the service of notice, attachment prior to judgment, attachment in aid of execution or execution. 

 

	 	(e)	 A Finance Party may take proceedings in connection with the Finance Documents in any other court with jurisdiction or
concurrent proceedings in any number of jurisdictions. 

  

	 	(f)	 Without prejudice to any other mode of service allowed under any relevant law, each Transaction Party (other than a
Transaction Party incorporated in Australia): 

  

	 	(i)	 irrevocably appoints Foxtel as its agent for service of process in relation to any proceedings in connection with any
Finance Document; and 

  

	 	(ii)	 agrees that failure by a process agent to notify the relevant Transaction Party of the process will not invalidate the
proceedings concerned. 

  

			
	  
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	15.3	 Prohibition and enforceability 

 

	 	(a)	 Any provision of, or the application of any provision of, any Finance Document or any Power which is prohibited in any
jurisdiction is, in that jurisdiction, ineffective only to the extent of that prohibition. 

  

	 	(b)	 Any provision of, or the application of any provision of, any Finance Document which is void, illegal or unenforceable in
any jurisdiction does not affect the validity, legality or enforceability of that provision in any other jurisdiction or of the remaining provisions in that or any other jurisdiction. 

 

	15.4	 Waivers 

  

	 	(a)	 Waiver of any right arising from a breach of any Finance Document or of any Power arising upon default under any Finance
Document must be in writing and signed by the party granting the waiver. 

  

	 	(b)	 A failure or delay in exercise, or partial exercise, of: 

 

	 	(i)	 a right arising from a breach of a Finance Document; 

 

	 	(ii)	 a Power created or arising upon default under a Finance Document, 

does not result in, and may not be relied upon as, a waiver of that right, discretion or Power. 

 

	 	(c)	 A party is not entitled to rely on a delay in the exercise or non exercise of a right, discretion or Power arising from a
breach of a Finance Document or on a default under a Finance Document as constituting a waiver of that right or Power. 

  

	 	(d)	 A party may not rely on any conduct of another party as a defence to exercise of a right, discretion or Power by that
other party. 

  

	 	(e)	 This clause may not itself be waived except by writing. 

 

	15.5	 Variation 

  

	 	(a)	 Unless specified in this Deed Poll that a matter may be agreed in writing by the Majority Financiers, this Deed Poll may
only be amended, replaced, novated or restated by a document executed by, or with the written consent of, all Financier Representatives and Transaction Parties (as at the date of the proposed amendment). 

 

	 	(b)	 A variation of any term of any Finance Document must be in writing and signed by the parties to that Finance Document.

  

	 	(c)	 A Financier Representative may sign a variation of any term of any Finance Document under clause 15.5(b) on behalf of its
Financiers if it is permitted to do so under the relevant Finance Documents. 

  

	15.6	 Cumulative rights 

The Powers are cumulative and do not exclude any other right, power, authority, discretion or remedy of any Finance Party. 

 

	15.7	 Counterparts 

  

	 	(a)	 Each Finance Document may be executed in any number of counterparts. 

 

	 	(b)	 All counterparts of any Finance Document, taken together, constitute one instrument. 

 

	 	(c)	 A party may execute a Finance Document by signing any counterpart. 

  

			
	  
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	15.8	 Attorneys 

Each attorney executing this Deed Poll states that he or she has no notice of revocation or suspension of his or her power of attorney. 

 

	15.9	 U.S. Patriot Act 

Each Finance Party hereby notifies each Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) )) (the PATRIOT Act), it is required to obtain, verify and record information that identifies the Transaction Parties, which information
includes the name and address of each Transaction Party and other information that will allow such Finance Party to identify such Transaction Party in accordance with the PATRIOT Act. 

 

	15.10	 No Fiduciary Relationship 

Each Transaction Party agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith,
such Transaction Party and its Related Body Corporates, on the one hand, and the Finance Parties, on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the part of the Finance
Parties and no such duty will be deemed to have arisen in connection with any such transactions or communications. Each Finance Party may have economic interests that conflict with those of the Transaction Parties, their shareholders and/or their
Related Body Corporates. 
  

	15.11	 Sanctions 

  

	 	(a)	 Each Borrower has implemented and maintains in effect policies and procedures reasonably designed to achieve compliance
by it, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 

  

	 	(b)	 Each Borrower and its Subsidiaries, and, to the knowledge of each Borrower, their respective directors, officers and
employees, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. 

  

	 	(c)	 None of any Borrower, any Subsidiary or, to the knowledge of any Borrower, any of their respective directors, officers or
employees, that will act in any capacity in connection with or benefit from a credit or other borrowing facility made available to it under that Finance Document, is a Sanctioned Person. 

 

	 	(d)	 No Borrower will request any drawing under a credit or other borrowing facility made available to it under that Finance
Document or use, or authorise any of its Subsidiaries or its or their respective directors, officers, employees or agents to use, the proceeds of any such drawing: 

 

	 	(i)	 for the purpose of offering, paying, promising to pay, or authorising the payment or giving of money, or anything else of
value, to any person in violation of any Anti-Corruption Laws; 

  

	 	(ii)	 for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned
Person, or in any Sanctioned Country, to the extent such activities, business or transaction would be prohibited by Sanctions applicable to the relevant Borrower or any such Subsidiary; or 

 

	 	(iii)	 in any manner that the relevant Borrower knows after reasonable inquiry to be likely to result in the violation of any
Sanctions applicable to any party hereto. 

  

			
	  
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	 	(e)	 For the purpose of this clause 15.11: 

Anti-Corruption Laws means all laws, rules, and regulations of any jurisdiction applicable to any Borrower or its Subsidiaries from time
to time concerning or relating to bribery or corruption. 
 Sanctioned Country means, at any time, a country, region or territory which
is itself the subject or target of any Sanctions (at the Effective Date, Crimea, Cuba, Iran, North Korea, Sudan and Syria). 
 Sanctioned
Person means, at any time, (a) any person listed in any Sanctions-related list of designated persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, by the United
Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom, the Australian Department of Foreign Affairs and Trade or other relevant sanctions authority, (b) any person
operating, organised or resident in a Sanctioned Country or (c) any person a Borrower knows after reasonable inquiry to be owned or controlled by any such person or persons described in the foregoing clauses (a) or (b). 

Sanctions means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the
U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union
member state, Her Majesty’s Treasury of the United Kingdom, the Australian Department of Foreign Affairs and Trade or other relevant sanctions authority. 
  

	 	(f)	 The representations and warranties given under clause 15.11(a), (b) and (c) are repeated in favour of each Financier
with reference to the facts and circumstances then subsisting on each date on which any financial accommodation is made available or rolled over by that Financier under that Financier’s Finance Documents. 

 

	15.12	 Acknowledgement regarding any Supported QFCs 

To the extent that the Finance Documents provide support, through a guarantee or otherwise, for Swap Agreements or any other agreement or instrument that
is a QFC (such support, QFC Credit Support and each such QFC a Supported QFC), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation
under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the U.S. Special Resolution Regimes) in respect
of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Finance Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States
or any other state of the United States or any other jurisdiction). 
  

	 	(a)	 In the event a Covered Entity that is party to a Supported QFC (each, a Covered Party)
becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and
any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Entity will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such
QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Entity or

  

			
	  
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a BHC Act Affiliate of a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Finance Documents that might otherwise apply to such
Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Right could be exercised under the U.S. Special Resolution Regime if the Supported QFC and
the Finance Documents were governed by the laws of the United States or a state of the United States. Without limiting the foregoing, it is understood and agreed that rights and remedies with respect to a defaulting lender shall in no event affect
the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

  

	 	(b)	 For the purpose of this clause 15.12: 

BHC Act Affiliate of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C.
1841(k)) of such party. 
 Covered Entity means any of the following: 

 

	 	(i)	 a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

  

	 	(ii)	 a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

  

	 	(iii)	 a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

 Default Right has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R.
§ § 252.81, 47.2 or 382.1, as applicable. 
 QFC has the meaning assigned to the term “qualified financial contract”
in, and shall be interpreted in accordance with, 12 C.F.R. § 5390(c)(8)(D). 
  

	16	 Confidentiality 

  

	16.1	 Confidentiality 

Subject to clause 16.2, no party shall disclose any unpublished information or documents supplied by any party in connection with the Finance Documents
which are specifically indicated by the relevant party to be confidential and are not in the public domain. 
  

	16.2	 Permitted disclosure 

A party may disclose any confidential information or documents: 
  

	 	(a)	 in enforcing a Finance Document, in a proceeding arising out of or in connection with a Finance Document;

  

	 	(b)	 if required under a binding order of a Government Agency or any procedure for discovery in any proceedings;

  

	 	(c)	 if required under any law or any administrative guideline, directive, request or policy whether or not having the force
of law and, if not having the force of law, with which responsible banks or financial institutions similarly situated would normally comply (except that this paragraph does not require a Finance Party to disclose any information of the kind referred
to in section 275(1) of the PPSA other than where required due to the operation of section 275(7) of the PPSA); 

  

			
	  
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	 	(d)	 as required or permitted by any Finance Document (including the provision of information the Finance Party considers
appropriate to any proposed assignee, transferee or person to whom the Finance Party enters into a sub-participation permitted by clause 14(b) and the relevant Finance Documents) or for the purposes of credit
insurance arrangements in connection with the Finance Documents; 

  

	 	(e)	 to any ratings agency where disclosure is made on the basis that the recipient will keep the information confidential;

  

	 	(f)	 to its legal advisers, auditors and its consultants where disclosure is made on the basis that the recipient will keep
the information confidential; 

  

	 	(g)	 to any stock exchange, provided that a party may not disclose information relating to pricing, margin or fees concerning
the financial accommodation without the prior written consent of each other party; 

  

	 	(h)	 to the Shareholders and its Related Bodies Corporate and their legal advisers, auditors and consultants where disclosure
is made on the basis that the recipient will keep the information confidential; or 

  

	 	(i)	 with the prior written consent of the relevant party. 

 

	16.3	 Survival of obligation 

This clause survives the termination of this Deed Poll but will cease to apply in relation to a Finance Party on and from the third anniversary of the
final repayment date or termination date (however described) under its Finance Documents. 
  

	17	 PPSA 

  

	 	(a)	 If the Finance Documents (or a transaction in connection with them) operates as, or gives rise to, a security interest
for the purposes of the PPSA, the Transaction Parties will do anything (such as obtaining consents, signing and producing documents, getting documents completed and signed and supplying information, and procuring any related party to do any of those
things) which a Financier Representative reasonably asks and is reasonably necessary for the purposes of: 

  

	 	(i)	 ensuring that the security interest is enforceable, perfected or otherwise effective; 

 

	 	(ii)	 enabling that Financier Representative to apply for any registration, or give any notification, in connection with the
security interest so that the security interest has the priority intended by the Finance Parties at the date of the relevant Finance Document; or 

  

	 	(iii)	 enabling that Financier Representative to exercise rights in connection with its security interest.

  

	 	(b)	 No party may disclose information of the kind referred to in section 275(1) of the PPSA (except that a Finance Party may
do so where required due to the operation of section 275(7) of the PPSA or in accordance with another provision of a Finance Document), and a Transaction Party must not authorise the disclosure of such information. 

 

	18	 Determination of Majority Financiers 

 

	 	(a)	 Subject to paragraph (d), if, at any time a Transaction Party requests the approval, consent, agreement, determination or
other decision of the Majority Financiers as referred to in this Deed Poll, Foxtel must, in the documentation requesting such decision from the Majority Financiers (or together with it) provide each Financier Representative with a list of all
Financiers at that time and each of those Financiers’ Commitments. 

  

			
	  
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	 	(b)	 Each Financier which responds to the relevant request must confirm in writing (directly or through its Financier
Representative) the amount of its Commitment and its decision in relation to the relevant matter. 

  

	 	(c)	 Foxtel will notify each Financier Representative whether any decision made by the Majority Financiers is in favour of the
relevant request, together with a copy of all written responses received in accordance with paragraph (b). 

  

	 	(d)	 Despite anything else in the Finance Documents, only the affected Financiers or its Financier Representative (in
accordance with the relevant Finance Documents) may waive or give any other indulgence, extension or concession in relation to an Event of Default for the purposes of a Finance Document to which it is a party. 

 

	19	 Disenfranchisement for certain Debt Purchase Transactions 

 

	 	(a)	 For so long as any Borrower Affiliate beneficially owns a Commitment or is a party to a Debt Purchase Transaction:

  

	 	(i)	 that Commitment or Debt Purchase Transaction is taken to be zero for the purpose of determining who are the Majority
Financiers for any approval, consent, waiver, amendment or other matter requiring a vote, instruction or direction by Financiers under this Deed Poll; and 

  

	 	(ii)	 that Borrower Affiliate and any other person with whom it has entered into a Debt Purchase Transaction will be taken not
to be a Financier for the purposes of determining who are the Majority Financiers or instructing its Financier Representative (if any) (unless, in the case of that other person, it is a Financier in respect of another Commitment).

  

	 	(b)	 Each Financier must promptly notify its Financier Representative (if any) in writing if it knowingly enters into a Debt
Purchase Transaction with a Borrower Affiliate, together with the amount of Commitment to which the Debt Purchase Transaction relates. 

  

	 	(c)	 Each Financier that is a Borrower Affiliate agrees that (unless its Financier Representative, if any, otherwise agrees):

  

	 	(i)	 it is not entitled to receive the agenda or any minutes of, nor to attend or participate in, any meeting or conference
call to which all Financiers or the Majority Financiers are invited to attend or participate in; and 

  

	 	(ii)	 it is not entitled to receive any report or other document prepared at the request of, or on the instructions of, the
Financier Representative or one or more of the Financiers. 

  

	 	(d)	 In this clause: 

  

	 	(i)	 Borrower Affiliate means: 

 

	 	(A)	 a Transaction Party and each member of the NXEA Consolidated Group; 

 

	 	(B)	 a Related Body Corporate of any person described in paragraph (A) above; 

 

	 	(C)	 any entity, or the trustee of any trust or fund, which is managed or controlled by any person described in paragraph
(A) or (B) above; and 

  

	 	(D)	 any partnership of which any person described in paragraph (A) or (B) above is a partner. 

  

			
	  
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	 	(ii)	 Debt Purchase Transaction means, in relation to a person, a transaction where that person:

  

	 	(A)	 purchases by way of assignment or transfer; or 

 

	 	(B)	 enters into any sub-participation (or any agreement or arrangement having an
economic substantially similar effect as a sub-participation) in respect of, 

any Commitment. 

  

			
	  
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 Schedule 1 

Guarantors 
  

									
	  

Name
  
	 	  

ABN/ACN/ARBN
  
	 	  

Address and Notice details
  
	 	 
	 The Foxtel Partnership
	 	 	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 The Foxtel Television
	 	 	 	Address:	 	5 Thomas Holt Drive,	 	
	 Partnership
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Artson System Pty Ltd
	 	054 001 759	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Austar Entertainment Pty
	 	068 104 530	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Austar Satellite Pty Ltd
	 	080 269 030	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Austar Satellite Ventures
	 	082 617 829	 	Address:	 	5 Thomas Holt Drive,	 	
	 Pty Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Austar Services Pty Ltd
	 	068 521 880	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 			 
	 Austar United Broadband
	 	089 048 439	 	Address:	 	5 Thomas Holt Drive,	 	
	 Pty Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	

  

			
	  
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	 Austar United

Communications Pty

Limited
	 	087 695 707	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 		 	North Ryde NSW 2113	 	
	 	 	 	  
 Attention:
	 	  
 Chief Operating Officer
	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 	 	 	 
	 Austar United Holdco1 Pty
	 	093 217 513	 	Address:	 	5 Thomas Holt Drive,	 	
	 Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 	 	 	 
	 Austar United Holdings Pty
	 	146 562 263	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 	 	 	 
	 Austar United Mobility Pty
	 	093 217 522	 	Address:	 	5 Thomas Holt Drive,	 	
	 Ltd
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 	 	 	 
	 Binni Pty Limited
	 	004 092 648	 	Address:	 	Level 5, 2 Holt Street	 	
	 	 	 	 		 	Surry Hills NSW 2010	 	
	 	 			 
	 	 	 	 	Attention:	 	Company Secretary	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9288 3275	 	
	 	 	 	 	 
	 Century United

Programming Ventures Pty

Limited
	 	069 957 759	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 		 	North Ryde NSW 2113	 	
	 	 	 	  
 Attention:
	 	  
 Chief Operating Officer
	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 	 	 	 
	 Chippawa Pty. Ltd.
	 	068 943 635	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 	 	 	 
	 Continental Century Pay
	 	059 914 840	 	Address:	 	5 Thomas Holt Drive,	 	
	 TV Pty Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 	 	 	 
	 CTV Pty. Ltd.
	 	064 416 128	 	Address:	 	5 Thomas Holt Drive,	 	
	 	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 	 			 
	 	 	 	 	Facsimile:	 	(02) 9813 7606	 	
	 	 	 	 	 
	 Customer Services Pty
	 	76 069 272 117	 	Address:	 	5 Thomas Holt Drive,	 	
	 Limited
	 	 	 		 	North Ryde NSW 2113	 	
	 	 			 
	 	 	 	 	Attention:	 	Chief Operating Officer	 	
	 				
	 	 		 	Facsimile:	 	(02) 9813 7606	 	

  

			
	  
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	Dovevale Pty. Ltd.	  	068 943 591	  	Address:	  	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	  	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	  	(02) 9813 7606
	 	 		 
	eisa Finance Pty Limited	  	086 005 585	  	Address:	  	5 Thomas Holt Drive,
	 	 		 
	 	  	 	  		  	North Ryde NSW 2113
	 	 		 
	 	  	 	  	Attention:	  	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	  	(02) 9813 7606
	 	 		 
	 Foxtel Australia Pty

Limited
	  	151 691 753	  	Address:	  	5 Thomas Holt Drive,
	  	 	  		  	North Ryde NSW 2113
	 	 		 
	 	  	 	  	Attention:	  	Chief Operating Officer
	 	 		 
	 	  	 	  	  
 Facsimile:
	  	  

(02) 9813 7606

	 	 		 
	 Foxtel Cable Television Pty

Limited
	  	45 069 008 797	  	Address:	  	5 Thomas Holt Drive,
	  	 	  		  	North Ryde NSW 2113
	 	 		 
	 	  	 	  	Attention:	  	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	  	(02) 9813 7606
	 	 		 
	Foxtel Finance Pty Limited	  	151 691 897	  	Address:	  	5 Thomas Holt Drive,
	 	 		 
	 	  	 	  		  	North Ryde NSW 2113
	 	 		 
	 	  	 	  	Attention:	  	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	  	(02) 9813 7606
	 	 		 
	 Foxtel Holdings Pty

Limited
	  	151 690 327	  	Address:	  	5 Thomas Holt Drive,
	  	 	  		  	North Ryde NSW 2113
	 	 		 
	 	  	 	  	Attention:	  	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	  	(02) 9813 7606
	 	 		 
	Foxtel Management Pty Limited in its own capacity and as Foxtel Agent and as agent for the Foxtel Television Partnership	  	65 068 671 938	  	 Address:

Attention:
  

Facsimile:
	  	 5 Thomas Holt Drive,

North Ryde NSW 2113
  

Chief Operating Officer
  

(02) 9813 7606

	 	 		 
	Foxtel Media Pty Limited	  	72 069 279 027	  	Address:	  	 Level 9

400 George Street
 SYDNEY NSW 2000

	 	 		 
	 	  	 	  	Attention:	  	Head of Media
	 	 		 
	 	  	 	  	Facsimile:	  	(02) 9223 4851
	 	 		 
	 Fox Sports Australia Pty

Limited
	  	065 445 418	  	Address:	  	Level 5, 2 Holt Street
	  	 	  		  	Surry Hills NSW 2010
	 	 		 
	 	  	 	  	Attention:	  	Company Secretary
	 	 		 
	 	  	 	  	Facsimile:	  	(02) 9288 3275

  

			
	  
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	Fox Sports Streamco Pty Limited	  	616 999 243	  	Address:	 	 Level 5, 2 Holt Street

Surry Hills NSW 2010

	 	 		 
	 	  	 	  	Attention:	 	Company Secretary
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9288 3275
	 	 	 	 
	Fox Sports Venues Pty Limited	  	110 803 944	  	Address:	 	 Level 5, 2 Holt Street

Surry Hills NSW 2010

	 	 		 
	 	  	 	  	Attention:	 	Company Secretary
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9288 3275
	 	 	 	 
	Ilona Investments Pty. Ltd.	  	068 943 626	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	Jacolyn Pty. Ltd.	  	064 744 869	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	Kidillia Pty. Ltd.	  	068 943 608	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	LGI Bidco Pty Limited	  	151 767 449	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	LGI Investments 1 Pty Limited	  	151 765 007	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	LGI Investments 2 Pty Limited	  	151 767 421	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	Minorite Pty. Ltd.	  	068 943 484	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	NXE Australia Pty Limited	  	ACN 625 190 990	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 	 	 
	 	  	 	  	Facsimile:	 	(02) 9813 7606

  

			
	  
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	Presto Entertainment Pty Limited	  	91 069 619 307	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	Presto TV Pty Limited	  	56 602 519 700	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	 Saturn (NZ) Holding

Company Pty Ltd
	  	088 052 000	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	Selectra Pty. Ltd.	  	065 367 526	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	Sky Cable Pty Limited	  	14 069 799 640	  	Address:	 	 Level 5, 2 Holt Street

Surry Hills NSW 2010

	 	 		 
	 	  	 	  	Attention:	 	Company Secretary
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9288 3275
	 	 	 	 
	Sport by Numbers Pty Limited	  	065 420 046	  	Address:	 	 Level 5, 2 Holt Street

Surry Hills NSW 2010

	 	 		 
	 	  	 	  	Attention:	 	Company Secretary
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9288 3275
	 	 	 	 
	Streamotion Pty Ltd	  	97 072 725 289	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	STV Pty. Ltd.	  	065 312 450	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	The Country Music Channel Pty Limited	  	075 911 554	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	The Weather Channel Australia Pty Ltd	  	084 205 587	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 	 	 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606

  

			
	  
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	 UAP Australia

Programming Pty Ltd
	  	083 851 807	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	Vinatech Pty. Ltd.	  	065 366 314	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	Windytide Pty. Ltd.	  	068 943 546	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	Wollongong Microwave Pty Ltd	  	065 146 321	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	XYZnetworks Pty Limited	  	066 812 119	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606
	 	 	 	 
	Century Programming Ventures Corp.	  	 	  	Address:	 	 5 Thomas Holt Drive,

North Ryde NSW 2113

	 	 		 
	 	  	 	  	Attention:	 	Chief Operating Officer
	 	 		 
	 	  	 	  	Facsimile:	 	(02) 9813 7606

  

			
	  
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 Schedule 2 
 Form of
Finance Party Nomination Letter 
 To: [Financier]/[Financier Representative] 

Date: [*] 
 Dear Sirs 

Finance Party Nomination Letter – Common Terms Deed Poll dated [*] given by NXE Australia Pty Limited, Foxtel Management Pty Limited and the other Initial
Guarantors listed in schedule 1 to that document (the Common Terms Deed Poll) in favour of the Finance Parties. 
 Terms defined
in the Common Terms Deed Poll have the same meaning when used in this letter. This is a Finance Party Nomination Letter for the purposes of the Common Terms Deed Poll. 

We nominate: 
  

	(a)	 the following person[/s] as a Financier for the purposes of the Common Terms Deed Poll: 

[*]; 
  

	(b)	 the following person as a Financier Representative for the purposes of the Common Terms Deed Poll: 

[*]; 
  

	(c)	 the following document[/s] as Finance Document[/s] for the purposes of the Common Terms Deed Poll: 

[*]; and 
  

	(d)	 the following document as a Syndicated Facility Agreement for the purposes of the Common Terms Deed Poll:

 [*]. 
 For and on behalf of: 

 
 ................................. 

Foxtel Management Pty Limited 

  

			
	  
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	Common Terms Deed Poll	  	

  

 Schedule 3 
 Group
Structure Diagram 

  

			
	  
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 Schedule 4 
 Compliance
Certificate 
 Clause 5.1(c) 

To:        [*] (Financier Representative) 

Compliance Certificate as at [Date] 
 I refer to the common terms deed poll
(Common Terms Deed Poll) dated [*] 2012 given by NXE Australia Pty Limited (NXEA), Foxtel Management Pty Limited (Foxtel) and each party listed in schedule 1 to that document. 

A term defined in the Common Terms Deed Poll has the same meaning when used in this Compliance Certificate. 

We certify on behalf of NXEA as follows, as at [insert date]: 
  

	(a)	 EBITDA in relation to [insert period] was $[insert EBITDA] and the information and
calculations which we used in order to determine EBITDA for the purposes of this Compliance Certificate are set out below: 

[insert details of figures and calculations]; 
  

	(b)	 Interest Service for [insert period] was $[insert Interest Service] and the
information and calculations which we used in order to determine Interest Service for the purposes of this Compliance Certificate are set out below: 

[insert details of figures and calculations]; 
  

	(c)	 Net Debt on that date was $[insert Net Debt] and the information and calculations which we used in order to
determine Net Debt for the purposes of this Compliance Certificate are set out below: 

 [insert details of figures and
calculations]; 
  

	(d)	 Cash on that date was $[insert Cash]; 

 

	(e)	 [The Transaction Parties are [insert names of Transaction Parties]. Their aggregate contribution to Total
Assets of the NXEA Group is [insert %] and to EBITDA of the NXEA Group is [insert %] and the information and calculations which we used in order to determine our compliance with clause 5.14(b) of the
Common Terms Deed Poll for the purposes of this Compliance Certificate are set out below: 

 [insert details of figures and
calculations]]; 
 and, based on (a) to (c) above: 
  

	 	(1)	 the Interest Cover Ratio in relation to [insert period] was [insert Interest Cover Ratio]
which ratio [does/ does not] complies with the provisions of clause 5.12(a) of the Common Terms Deed Poll; and 

  

	 	(2)	 the Net Debt to EBITDA Ratio in relation to the 12 month period ending on that date was [insert Net Debt to EBITDA
Ratio] which ratio [does/does not] comply with the provisions of clause 5.12(b) of the Common Terms Deed Poll. 

 Following are
details of the foreign exchange and interest rate hedging profiles that the Transaction Parties currently have in place: [insert details]. 
 We
represent and warrant that no Default is continuing except as follows: [                 ][, and we have taken/propose the following remedial action [insert
action]]; 

  

			
	  
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	Common Terms Deed Poll	  	

  

 [We acknowledge that disclosure of exceptions to compliance will not prejudice any Finance Party’s rights under
the Common Terms Deed Poll or any Finance Document, including clauses relating to conditions precedent under a Finance Document and clause 6 of the Common Terms Deed Poll, or affect the operation of clause 4.2(b) of the Common Terms Deed Poll.] 

Date: [insert date] 
   Signed for and on behalf of
NXE Australia 
   Pty Limited by: 
  

							
				
		 	  
  

Director
  
	  		  	  
  

Chief Financial Officer
  

		 	  
  

Name (please print)
	  		  	  
  

Name (please print)

		 		  		  	

 Note: To be signed by 2 Directors or a Director and the chief financial officer of NXEA. 

  

			
	  
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	Common Terms Deed Poll	  	

  

 Schedule 5 
 Form of
Guarantor Assumption Deed Poll 
 Deed Poll 
  

			
	 	 
	 Additional Guarantor
	 	 [Insert name and ABN/ACN/Reg. No etc] 

		
		 	 of: [insert address] 

		
		 	 Fax no:

		
		 	 Attention:

		
	 	 	 

 Common terms deed poll (Common Terms Deed Poll) dated [*] 2012 given by NXE Australia Pty Limited (NXEA),
Foxtel Management Pty Limited (Foxtel) and each other party listed in schedule 1 to that document. 
 BY THIS DEED POLL the Additional Guarantor
described above, for the benefit of the Finance Parties referred to in the Common Terms Deed Poll described above: 
  

	(a)	 irrevocably agrees that from the date of this deed poll it is a Guarantor under the Common Terms Deed Poll;

  

	(b)	 irrevocably agrees to comply with and be bound by all current and future obligations of a Guarantor and a Transaction
Party under the Common Terms Deed Poll and any other Finance Document; 

  

	(c)	 gives, as at the date of this deed poll, all representations and warranties on the part of a Guarantor or a Transaction
Party contained in the Common Terms Deed Poll; 

  

	(d)	 acknowledges having received a copy of and approved the Common Terms Deed Poll together with all other Finance Documents
and other documents and information it requires in connection with the Common Terms Deed Poll before signing this deed poll; and 

  

	(e)	 acknowledges receiving valuable consideration for signing this deed poll. 

Clauses 1 (Definitions and Interpretation) and 15.2 (Governing law and jurisdiction) of the Common Terms Deed Poll described above apply to this deed poll
as if they were fully set out in this deed poll. 
 For the purposes of the Finance Documents, the address for correspondence of the Additional Guarantor is the
address set out below: 
 [*] 
 This deed poll is governed by the laws of New South
Wales. 

  

			
	  
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	Common Terms Deed Poll	  	

  

 DATED [Insert Date]  

EXECUTED as a deed poll 
 [If the Additional Guarantor is signing
under a Power of Attorney] [each attorney executing this deed poll states that he or she has no notice of revocation or suspension of his or her power of attorney.] 

[Insert execution clause for Additional Guarantor] 

  

			
	  
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	Common Terms Deed Poll	  	

  

 Schedule 6 
 Form of
Additional Guarantor Verification Certificate 
 Verification Certificate  

NOTE:  To be signed by a secretary or director of the Transaction Party. 

To:        [*] (Financier Representative) 

I am [a director/the company secretary] of [*] (the Company). 

I refer to the common terms deed poll (Common Terms Deed Poll) dated [*] 2012 given by NXEA Australia Pty Limited (NXEA), Foxtel Management
Pty Limited (Foxtel) and each other party listed in schedule 1 to that document. 
 Definitions in the Common Terms Deed Poll apply in this Certificate.

 Attached are complete copies of the following, which as at the date of this Certificate are in full force and effect and have not been revoked, suspended or
amended. 
  

	(a)	 [if applicable] A power of attorney (the Power of Attorney) under which the
Company executed the Guarantor Assumption Deed Poll. 

  

	(b)	 Extracts of minutes of a meeting of directors of the Company authorising the execution by the Company of the Guarantor
Assumption Deed Poll and the Power of Attorney and containing resolutions that the entry into the Guarantor Assumption Deed Poll is in the best interests of the Company. 

 

	(c)	 Up to date constitutional documents for the Company. 

 
  

  [Company Secretary/Director]  

  

			
	  
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	Common Terms Deed Poll	  	

  

 Schedule 7 
 Form of Deed
of Release 
 Deed of Release 
  

			
	  Parties:	  	The Retiring Guarantor and Continuing Guarantors, as described below
		
	  Retiring Guarantor:	  	[Insert name and ABN/ACN etc]
		
	  Continuing   Guarantors:	  	Foxtel Management Pty Limited (Foxtel) in its own capacity on behalf of itself and each other Guarantor named in the schedule below in accordance with clause 2.3(a) of the Common Terms Deed Poll.
	 	 
	  Common Terms
  Deed Poll:	  	The common terms deed poll dated [*] 2012 given by NXE Australia Pty Limited, Foxtel and each other party listed in schedule 1 to that document

 The Retiring Guarantor described above is released from all liability under the Common Terms Deed Poll with effect from
[Insert date or “the date of this deed poll”]. 
 Each Continuing Guarantor consents to this release and agrees that nothing in this
deed poll affects its obligations to any Financier or a Financier’s rights in respect of the Continuing Guarantors under a Finance Document. 

Clauses 1 (Definitions and Interpretation), 15.2 (Governing law and jurisdiction) and 15.7 (Counterparts) of the Common Terms Deed
Poll described above apply to this deed poll as if they were fully set out in this deed poll. 
 This deed poll is governed by the laws of New South
Wales. 

  

			
	  
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	Common Terms Deed Poll	  	

  

 Schedule 

[Insert list of Continuing Guarantors] 
 DATED
[Insert Date]  
 EXECUTED as a deed poll 
 [If the Retiring Guarantor
is signing under a Power of Attorney] [each attorney executing this Deed states that he or she has no notice of revocation or suspension of his or her power of attorney.] 

[Insert execution clauses for (1) [NXE Australia Pty Limited ]on behalf of itself and each Continuing Guarantor and (2) the Retiring Guarantor] 

  

			
	  
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	Common Terms Deed Poll	  	

  

 Executed and delivered as a Deed Poll 

Each attorney executing this Deed Poll states that he or she has no notice of revocation or suspension of his or her power of attorney. 

  

			
	  
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	Deed of Amendment	  	

  

 Executed and delivered as a Deed Poll 

Each attorney executing this Deed Poll states that he has no notice of revocation or suspension of his power of attorney. 

Foxtel 
  

					
	 Signed Sealed and Delivered for Foxtel 

Management Pty Limited by its attorney under power of attorney in the presence of:
	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	

	Print Name	 		 	Print Name
		 		 	

 Guarantors 
  

					
	 Signed Sealed and Delivered for Artson

System Pty Ltd by its attorney under power of attorney in the presence of:
	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for Austar Entertainment Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	 /s/ Lynette Ireland
	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                     

 

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Austar Satellite Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                    

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Austar Satellite Ventures Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	 

                    

	 		 	 

                    

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for Austar Services Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	 /s/ Lynette Ireland
	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                     

 
	 		 	                    

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Austar United Broadband Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                    

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Austar United Communications Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                    

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for Austar United Holdco1 Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland 	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Austar United Holdings Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Austar United Mobility Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	 Signed Sealed and Delivered for Century United Programming Ventures Pty Limited by its attorney under power of attorney
in the presence of:
	 		 	
			
	/s/ Lynette Ireland 	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	 Signed Sealed and Delivered for Chippawa Pty. Ltd. by its attorney under power of attorney in the presence of:
	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	 Signed Sealed and Delivered for Continental Century Pay TV Pty Limited by its attorney under power of attorney in the
presence of:
	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for CTV Pty. Ltd. by its attorney under power of attorney in the presence of:	 		 	
			
	 /s/ Lynette Ireland 
	 		 	 /s/ Patrick Delany

	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	 

                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Customer Services Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	 /s/ Lynette Ireland 
	 		 	 /s/ Patrick Delany

	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Dovevale Pty. Ltd. by its attorney under power of attorney in the presence of:	 		 	
			
	 /s/ Lynette Ireland
	 		 	 /s/ Patrick Delany

	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for eisa Finance Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	 /s/ Patrick Delany

	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Foxtel Australia Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Foxtel Cable Television Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for Foxtel Finance Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Foxtel Holdings Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	 

                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Foxtel Management Pty Limited in its own capacity and as Foxtel Agent and as agent for the Foxtel Television Partnership by its attorney under power of attorney in the presence
of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	 Signed Sealed and Delivered for Foxtel Media Pty Limited its own capacity and as a Partner in the Foxtel Partnership and the Foxtel
Television Partnership by its attorney under power of attorney in the presence of:
	 		 	
			
	/s/ Lynette Ireland	 		 	 /s/ Patrick Delany

	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Ilona Investments Pty. Ltd. by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Jacolyn Pty. Ltd. by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for Kidillia Pty. Ltd . by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	 

                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for LGI Bidco Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland 	 		 	 /s/ Patrick Delany 

	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for LGI Investments 1 Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for LGI Investments 2 Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Minorite Pty. Ltd. by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland 	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Presto Entertainment Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for Presto TV Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                     

 
	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for Saturn (NZ) Holding Company Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Selectra Pty. Ltd. by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Sky Cable Pty Limited in its own capacity and as a Partner in the Foxtel Partnership and the Foxtel Television Partnership by its attorney under power of attorney in the
presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for Streamotion Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for STV Pty. Ltd. by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for The Country Music Channel Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for The Weather Channel Australia Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                     

 
	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for UAP Australia Programming Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Vinatech Pty. Ltd. by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

  

					
	Signed Sealed and Delivered for Windytide Pty. Ltd. by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Wollongong Microwave Pty Ltd by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for XYZnetworks Pty Limited by its attorney under power of attorney in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Attorney Signature
			
	                    

	 		 	                

	Print Name	 		 	Print Name

  

			
	  
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	Deed of Amendment	  	

  

					
	Signed Sealed and Delivered by Century Programming Ventures Corp. in the presence of:	 		 	
			
	/s/ Lynette Ireland	 		 	/s/ Patrick Delany
	Witness Signature	 		 	Signature of Authorised Signatory
			
	                    

	 		 	                

	Print Name	 		 	Name of Authorised Signatory

  

			
	  
 MSPS 506863372v4
205151388    15.11.2019
	  	  
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