Document:

Supplemental Agreement in relation to Certain German Security Documents

 Exhibit 4.19 

EXECUTION COPY 

SUPPLEMENTAL AGREEMENT 

IN RELATION TO 

CERTAIN GERMAN SECURITY DOCUMENTS 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND GMBH 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS GMBH & CO. KG 

KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS GMBH & CO. KG 

as Security Grantors 

and 

THE ROYAL BANK OF SCOTLAND 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	  	 	  	Page
			
	 1.
	  	 Interpretation
	  	3
	 2.
	  	 Amendments
	  	3
	 3.
	  	 Representations
	  	4
	 4.
	  	 Severability
	  	4
	 5.
	  	 Miscellaneous
	  	4
	 6.
	  	 Counterparts
	  	5
	 7.
	  	 Governing law
	  	5
	 8.
	  	 Jurisdiction
	  	5
		
	 Schedule
	  	
			
	 1.
	  	 Amended and Restated Form of the Global Assignment Agreement
	  	
	 2.
	  	 Amended and Restated Form of the Security Transfer Agreement
	  	
	 3.
	  	 Amended and Restated form of the Digital Network Security Transfer Agreement
	  	
	 4.
	  	 Amended and Restated form of the Security Trust Agreement
	  	

 This Supplemental Agreement in relation to certain German Security Documents (the Agreement) is made
on 4 February 2010 
 BETWEEN: 
  

	(1)	KABEL DEUTSCHLAND GMBH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its
corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRB 145837,

 (Kabel Deutschland GmbH); 

 

	(2)	KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of
Germany, having its corporate seat in Unterföhring (Landkreis München), Federal Republic of Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under
registration number HRA 84369, 

 (Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co.
KG); 
  

	(3)	KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having
its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRA 83902,

 (Kabel Deutschland Vertrieb und Service GmbH & Co. KG); and 

 

	(4)	KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany,
having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRA 84471,

 (Kabel Deutschland Vermögen Beteiligungs GmbH & Co. KG); 

on one side; and 
  

	(5)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am
Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent); and 
  

	(6)	THE FINANCE PARTIES (as defined in the Main Finance Documents (as defined below), 

on the other side. 
  

 1 

 Kabel Deutschland GmbH, Kabel Deutschland Vertrieb und Service Beteiligungs GmbH &
Co. KG, Kabel Deutschland Vertrieb und Service GmbH & Co. KG and Kabel Deutschland Vermögen Beteiligungs GmbH & Co. KG (referred to at (1) to (4) (each inclusive) above) are hereinafter individually referred to as a
Security Grantor and collectively referred to as the Security Grantors. 
 The Security Grantors, the Finance
Parties (as defined below) and the Security Agent are hereinafter collectively referred to as the Parties. 
 BACKGROUND

  

	(A)	This Agreement is supplemental to and amends and restates 

  

	 	(a)	the global assignment agreement dated 12 May 2006 made between Kabel Deutschland Vertrieb und Service GmbH & Co. KG as assignor and, amongst others, the
Security Agent as assignee relating to the assignment of certain receivables, rights and claims held or to be held by Kabel Deutschland Vertrieb und Service GmbH & Co. KG, 

(the Global Assignment Agreement); 
  

	 	(b)	the security transfer agreement dated 12 May 2006 made between Kabel Deutschland Vertrieb und Service GmbH & Co. KG as transferor and the Security Agent
as transferee relating to the transfer of certain Security Assets (as defined therein), 

 (the Security
Transfer Agreement); 
  

	 	(c)	the security transfer agreement in relation to the digital network dated 29 January 2007 between Kabel Deutschland Vertrieb und Service GmbH & Co. KG as
transferor and the Security Agent relating to the transfer of certain Security Assets (as defined therein), 

 (the
Digital Network Security Transfer Agreement); and 
  

	 	(d)	the security trust agreement dated 12 May 2006 made between, amongst others, Kabel Deutschland GmbH and Kabel Deutschland Vertrieb und Service GmbH & Co.
KG as security grantors, the Security Agent and the other Finance Parties as beneficiaries, pursuant to which, inter alia, the Security Agent has been appointed to act as a trustee (Treuhänder) under German law in relation to each of the
German law governed security documents, 

 (the Security Trust Agreement) 

(the Global Assignment Agreement, the Security Transfer Agreement, the Digital Network Security Transfer Agreement and the Security Trust
Agreement hereinafter individually referred to as a Security Document and collectively referred to as the Security Documents), 

that have been entered into in connection with an English law governed senior credit agreement originally dated 13 March 2006, as
amended and restated by an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, arranged by The Royal Bank of Scotland plc, Deutsche Bank AG London, Goldman Sachs International
and J.P. Morgan plc as mandated lead arrangers and made between, amongst others, Kabel Deutschland Vertrieb und Service GmbH & Co. KG as borrower and The Royal Bank of Scotland plc as facility agent and the Security Agent (the Credit
Agreement). 
  

 2 

	(B)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement contemplated by an amendment letter entered into on 1 February 2010 (the
Credit Agreement Amendment Letter) (the Credit Agreement and the Credit Agreement Amendment Letter are collectively referred to as the Main Finance Documents) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of
Scotland plc as facility agent pursuant to which the Credit Agreement has been amended and supplemented. 

  

	(C)	It is a condition to the Lenders (as defined in the Credit Agreement) consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Security
Grantors enter into this Agreement. 

  

	(D)	The Security Agent, the Finance Parties and each of the Security Grantors have consented to the amendments and restatements to the Security Documents in connection with
the Main Finance Documents. 

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 Capitalised
terms defined in the Main Finance Documents and/or the Security Documents have, unless expressly otherwise defined in this Agreement, the same meaning in this Agreement as therein. In case of any discrepancy, the definition used in the respective
Security Document shall prevail. 
  

	1.2	Construction 

 The
principles of construction set out in the Main Finance Documents and/or the Security Documents will have effect as if set out in this Agreement. 
  

	2.	AMENDMENTS 

  

	2.1	Subject as set out below, the Global Assignment Agreement will be amended and restated with immediate effect so that it reads as set out in Schedule 1 (Amended and
Restated Form of the Global Assignment Agreement). 

  

	2.2	Subject as set out below, the Security Transfer Agreement will be amended and restated with immediate effect so that it reads as set out in Schedule 2 (Amended and
Restated Form of the Security Transfer Agreement). 

  

	2.3	Subject as set out below, the Digital Network Security Transfer Agreement will be amended and restated with immediate effect so that it reads as set out in Schedule 2
(Amended and Restated Form of the Digital Network Security Transfer Agreement). 

  

	2.4	Subject as set out below, the Security Trust Agreement will be amended and restated with immediate effect so that it reads as set out in Schedule 4 (Amended and
Restated Form of the Security Trust Agreement). 

  

	2.5	The Parties agree that with immediate effect any and all references to any of the Security Documents in any of the Finance Documents (as defined in each of the Main
Finance Documents) shall be references to the Security Documents as amended and restated pursuant to this Agreement. 

  

 3 

	3.	REPRESENTATIONS 

  

	3.1	Representations 

 The
representations set out in this Clause are made by each of the Security Grantors on the date of this Agreement to the Security Agent. 
  

	3.2	Powers and authority 

Each of the Security Grantors has the power to enter into and perform, and has taken all necessary action to authorise the entry into and
performance of this Agreement and the transactions contemplated by this Agreement. 
  

	3.3	Legal validity 

 Subject
to any general principles of law limiting its obligations, this Agreement constitutes each of the Security Grantors’ legally binding, valid and enforceable obligation and is in the proper form for enforcement in Germany. 

 

	3.4	Non-conflict 

 The entry
into and performance by each of the Security Grantors of, and the transactions contemplated by, this Agreement do not and will not conflict with: 
  

	 	(a)	any law or regulation applicable to the relevant Security Grantor; 

  

	 	(b)	the relevant Security Grantor’s constitutional documents; or 

  

	 	(c)	any document which is binding upon the relevant Security Grantor or any of its assets. 

 

	3.5	Authorisations 

 All
authorisations required by each of the Security Grantors in connection with the entry into, performance, validity and enforceability of, and the transactions contemplated by, this Agreement have been obtained or effected (as appropriate) and are in
full force and effect. 
  

	4.	SEVERABILITY 

 If a term
of this Agreement or any part thereof is or becomes illegal, invalid or unenforceable in any jurisdiction, that will not affect: 
  

	 	(a)	the legality, validity or enforceability in that jurisdiction of any other term of this Agreement; and 

 

	 	(b)	the legality, validity or enforceability in other jurisdictions of that or any other term of this Agreement. 

 

	5.	MISCELLANEOUS 

  

	 	(a)	This Agreement is a Finance Document under each of the Main Finance Documents. 

 

 4 

	 	(b)	Subject to the terms of this Agreement, the Security Documents will remain in full force and effect and with immediate effect the Security Documents and this Agreement
will be read and construed as one document. 

  

	6.	COUNTERPARTS 

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

	7.	GOVERNING LAW 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of the Federal Republic of Germany. 

 

	8.	JURISDICTION 

 The place
of jurisdiction (including for any non-contractual obligations arising out of or in connection with this Agreement) for all Parties shall be Frankfurt am Main, Federal Republic of Germany. The Security Agent, however, shall also be entitled to take
legal action against any Security Grantor before any other competent court of law having jurisdiction over the relevant Security Grantor or any of its assets. 
  

 5 

 SIGNATORIES 

 

			
	The Security Grantors
	
	KABEL DEUTSCHLAND GMBH
	
	By:
		
	
        /s/ Paul Thomason        

	    	
		
	
        /s/ Dr. Adrian von Hammerstein    
    
	    	
	
	KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG
	
	By:
		
	
        /s/ Paul Thomason        

	    	
		
	
        /s/ Dr. Adrian von Hammerstein    
    
	    	
	
	KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS GMBH & CO. KG
	
	By:
		
	
        /s/ Paul Thomason        

	    	
		
	
        /s/ Dr. Adrian von Hammerstein    
    
	    	
	
	 KABEL DEUTSCHLAND VERMÖGEN

BETEILIGUNGS GMBH & CO. KG

	
	By:
		
	
        /s/ Paul Thomason        

	    	
		
	
        /s/ Dr. Adrian von Hammerstein    
    
	    	

  

 6 

	
	The Security Agent
	
	THE ROYAL BANK OF SCOTLAND PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	The other Finance Parties
	
	COMMERZBANK AG LONDON BRANCH
	
	By: Ms. Karen Cellarius as attorney-in-fact
	
	 /s/ Karen Cellarius

	
	DEUTSCHE BANK AG, LONDON BRANCH
	
	By: Mr. André Melchert as attorney-in-fact
	
	 /s/ André Melchert

	
	WEST LB AG, LONDON BRANCH
	
	By: Mr. Jens Gölz as attorney-in-fact
	
	 /s/ Jens Gölz

	
	ABSALON CREDIT FUND PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan
Kuhm

  

 7 

	
	ADAGIO II CLO PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	ADAGIO III CLO PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	AEGON LEVENSVERZEKERING NV
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	ALLIED IRISH BANKS PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	ALPSTAR CLO 1 PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 8 

	
	ALZETTE EUROPEAN CLO S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	AQUILAE CLO I PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	AVOCA CLO II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	AVOCA CLO III PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	AVOCA CLO IV PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 9 

	
	AVOCA CLO IX LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	AVOCA CLO V PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	AVOCA CLO VI PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	AVOCA CLO VII PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	AVOCA CREDIT OPPORTUNITIES PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 10 

	
	AXIUS EUROPEAN CLO S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	BABSON CAPITAL EUROPEAN SENIOR LOANS LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	BANK OF SCOTLAND PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	BARCLAYS BANK PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	BNP PARIBAS S.A. PARIS
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 11 

	
	BOYNE VALLEY B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CADOGAN SQUARE CLO II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CAIRN CLO I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CAIRN CLO II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CALYON DEUTSCHLAND
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 12 

	
	CELF LOAN PARTNERS B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CELF LOAN PARTNERS II PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CELF LOAN PARTNERS IV PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CELF LOAN PARTNERS V LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CELF LOW LEVERED PARTNERS PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 13 

	
	CELF PARTNERSHIP LOAN FUNDING 2008-I LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CHEYNE CREDIT OPPORTUNITY CDO I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CITIBANK INTERNATIONAL PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CLARE ISLAND B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CLARENVILLE CDO S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 14 

	
	CLAVOS EURO CDO LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CONFLUENT I LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	COUGAR CLO I PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	COUGAR CLO II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	CREDIT SUISSE INTERNATIONAL
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 15 

	
	DOVER CREDIT LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	DUCHESS I CDO S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	DUCHESS III CDO S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	DUCHESS IV CLO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	DUCHESS V CLO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 16 

	
	DUCHESS VI CLO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	DUCHESS VII CLO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EATON VANCE CDO VII PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 17 

	
	EATON VANCE CDO X PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EGRET FUNDING CLO 1 PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EUROCREDIT CDO I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EUROCREDIT CDO III B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EUROCREDIT CDO IV PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 18 

	
	EUROCREDIT CDO V PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EUROCREDIT CDO VI PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EUROCREDIT CDO VII PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EUROCREDIT CDO VIII LTD.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EUROCREDIT INVESTMENT FUND 1 PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 19 

	
	EUROCREDIT OPPERTUNITIES PARALLEL FUNDING 1 LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EURO-GALAXY CLO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EURO-GALAXY II CLO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EUROLOAN CLO I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	EUROPEAN ENHANCED LOAN FUND, S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 20 

	
	FORTIS FLEXI III SENIOR SECURED BANK LOAN FUND MOGLIANO
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	FUGU CLO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	FUTURE FUND BOARD OF GUARDIANS
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GE CORPORATE FINANCE BANK SAS
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GILLESPIE CLO PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 21 

	
	GLOBAL SENIOR LOAN INDEX FUND 1 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GOLDENTREE CREDIT OPPORTUNITIES FINANCING I LTD.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GOLDENTREE HIGH YIELD VALUE MASTER FUND, L.P.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GOLDMAN SACHS CREDIT PARTNERS L.P.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GREEN PARK CDO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 22 

	
	GROSVENOR PLACE CLO I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GROSVENOR PLACE CLO II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GROSVENOR PLACE CLO III B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GS EUROPEAN PERFORMANCE FUND LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HALCYON STRUCTURED ASSET MANAGEMENT CLO 2008-II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HAMLET I LEVERAGED LOAN FUND B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 23 

	
	HARBOURMASTER CLO 10 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARBOURMASTER CLO 11 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARBOURMASTER CLO 4 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARBOURMASTER CLO 5 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARBOURMASTER CLO 6 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARBOURMASTER CLO 7 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 24 

	
	HARBOURMASTER CLO 8 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARBOURMASTER CLO 9 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARBOURMASTER LOAN CORPORATION B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARBOURMASTER LOAN FUNDING 2 LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARBOURMASTER LOAN FUNDING LTD
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARBOURMASTER PRO RATA CLO 3 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 25 

	
	HARVEST CLO V PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARVEST CLO II S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARVEST CLO III PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARVEST CLO IV PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HARVEST CLO I S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HIGHLANDER EURO CDO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 26 

	
	HIGHLANDER EURO CDO II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HIGHLANDER EURO CDO III B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HIGHLANDER EURO CDO IV B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HOLLANDSCHE BANK UNIE N.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	HSBC BANK PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 27 

	
	HYDE PARK CDO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	ING BANK N.V. AMSTERDAM
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	INSIGHT INVESTMENT DISCRETIONARY FUNDS ICVC, UK CORPORATE ALL MATURITIES BOND FUND
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	INSIGHT INVESTMENT DISCRETIONARY FUNDS ICVC, UK CORPORATE LONG MATURITIES BOND FUND
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	INSIGHT LDI SOLUTIONS PLUS PLC, IN RESPECT OF THE INSIGHT LOAN FUND
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 28 

	
	INSTITUTIONAL LOANS EUROPE PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	INTERCONTINENTAL CDO S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	IRON HILL CLO LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	JPMORGAN CHASE BANK, N.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	JUBILEE CDO II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 29 

	
	JUBILEE CDO III B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	JUBILEE CDO IV B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	JUBILEE CDO IX B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	JUBILEE CDO VII B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	KBC FINANCE IRELAND
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 30 

	
	KÖNIGINSTRASSE I S.A.R.L
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LAURELIN B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LAURELIN II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LEOPARD CLO III B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LEOPARD CLO IV B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 31 

	
	LEOPARD CLO V B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LEVERAGED FINANCE EUROPE CAPITAL I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LEVERAGED FINANCE EUROPE CAPITAL II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LEVERAGED FINANCE EUROPE CAPITAL III B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LEVERAGED FINANCE EUROPE CAPITAL IV B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 32 

	
	LEVERAGESOURCE III S.À.R.L.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LIGHTPOINT PAN-EUROPEAN CLO 2006 PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LIGHTPOINT PAN-EUROPEAN CLO 2007-1 PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	M&G BROAD EUROPEAN LOAN FUND LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	M&G DYNAMIC EUROPEAN LOAN FUND LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 33 

	
	M&G EUROPEAN CORPORATE BOND FUND
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	M&G EUROPEAN HIGH YIELD BOND FUND
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	M&G EUROPEAN LOAN FUND LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	M&G PROGRESSIVE EUROPEAN LOAN FUND LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	M&G SECURED DEBT FUND LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 34 

	
	MACQUARIE BANK LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	MAGI FUNDING I PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	MALIN CLO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	MARQUETTE US/EUROPEAN CLO PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 35 

	
	MERCATOR CLO I PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	MERRILL LYNCH INTERNATIONAL
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	METROPOLITAN LIFE INSURANCE COMPANY
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	MIZUHO CORPORATE BANK, LTD
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	MORGAN STANLEY INVESTMENT MANAGEMENT CONISTON B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 36 

	
	MORGAN STANLEY INVESTMENT MANAGEMENT GARDA B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	MORGAN STANLEY INVESTMENT MANAGEMENT MEZZANO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	MOSELLE CLO S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	NASH POINT CLO
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	NATIXIS S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 37 

	
	NEPTUNO CLO I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	NEPTUNO CLO III B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	NEXUM LOANS SICAV
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	OAK HILL EUROPEAN CREDIT PARTNERS I PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	OCI EURO FUND I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 38 

	
	PANTHER CDO III B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	PANTHER CDO V B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	PETRUSSE EUROPEAN CLO S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	PIMCO CAYMAN EUROPEAN HIGH YIELD FUND
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	PIMCO LOAN OPPORTUNITIES FUND I L.P.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 39 

	
	PUMA CLO I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	QUEEN STREET CLO I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	QUEEN STREET CLO II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	RACE POINT III CLO LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 40 

	
	REGENT’S PARK CDO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	RMF EURO CDO III PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	RMF EURO CDO IV PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	RMF EURO CDO S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	RMF EURO CDO V PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 41 

	
	SANKATY MANAGED ACCOUNT (PSERS), L.P.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	SANKATY SENIOR LOAN FUND, L.P.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	SCULPTOR HOLDINGS II S.A.R.L.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	SKELLIG ROCK B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	ST. JAMES’S PARK CDO B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 42 

	
	STATIC LOAN FUNDING 2007-I LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	STICHTING MARS PENSIOENSFONDS
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	STICHTING PENSIOENFONDS ABP
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	STICHTING SHELL PENSIOENFONDS
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	STRAWINSKY I PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 43 

	
	TARA HILL B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	THE MARS ASSOCIATES’ RETIREMENT PLAN
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	THE PUBLIC SCHOOL RETIREMENT SYSTEM OF MISSOURI
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	THE ROYAL BANK OF SCOTLAND PLC, FRANKFURT BRANCH
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	THE ROYAL BANK OF SCOTLAND PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 44 

	
	THE SUMITOMO TRUST AND BANKING CO., LTD
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	THESEUS EUROPEAN CLO S.A.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	TRIMAST HOLDING SARL
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	UBS LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	UNIVERSAL CREDIT S.A. (COMPARTMENT A)
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 45 

	
	UNIVERSAL CREDIT S.A. (COMPARTMENT U)
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	VERSAILLES CLO M.E. I PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	VIRGINIA RETIREMENT SYSTEM
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	WINDMILL CLO I LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	WOOD STREET CLO 1 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 46 

	
	WOOD STREET CLO 1I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	WOOD STREET CLO II1 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	WOOD STREET CLO 1V B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	WOOD STREET CLO V B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	WOOD STREET CLO V1 B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 47 

	
	XELO II P LC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	XELO VI LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	DEKABANK DEUTSCHE GIROZENTRALE
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	DRYDEN IX-SENIOR LOAN FUND 2005 P.L.C.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	DRYDEN X EURO CLO 2005 PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 48 

	
	DRYDEN XIV EURO CLO 2006 PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	DRYDEN XV EURO CLO 2006 PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GOLDENTREE EUROPEAN FINANCING B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	NOMURA INTERNATIONAL PLC
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 49 

	
	BLACKROCK GLOBAL FLOATING RATE INCOME TRUST
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	BLACKROCK SENIOR INCOME SERIES V LIMITED
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	GSO DOMESTIC CAPITAL FUNDING (LUXEMBOURG) SARL
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LEOPARD CLO I B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

	
	LEOPARD CLO II B.V.
	
	By: Mr. Stefan Kuhm as attorney-in-fact
	
	 /s/ Stefan Kuhm

 

 50 

 SCHEDULE 1 

AMENDED AND RESTATED FORM OF THE GLOBAL ASSIGNMENT AGREEMENT 

 GLOBAL ASSIGNMENT AGREEMENT 

12 May 2006 

AS AMENDED AND RESTATED BY A SUPPLEMENTAL AGREEMENT DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

as Assignor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Agent 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	  	Page
			
	 1.
	  	 Interpretation
	  	2
	 2.
	  	 Assignment
	  	11
	 3.
	  	 Security Purpose
	  	11
	 4.
	  	 List of Claims
	  	11
	 5.
	  	 The Assignor’s Right
	  	12
	 6.
	  	 Disclosure and Notification
	  	12
	 7.
	  	 Assignment of Claims Against Conditional Vendors
	  	13
	 8.
	  	 Enforcement and Collection
	  	13
	 9.
	  	 Release of Security
	  	14
	 10.
	  	 Right of Inspection
	  	14
	 11.
	  	 Book-keeping and Data-Processing
	  	14
	 12.
	  	 Undertakings
	  	15
	 13.
	  	 Representations and Warranties
	  	16
	 14.
	  	 Indemnity
	  	16
	 15.
	  	 Duration and Independence
	  	16
	 16.
	  	 The Security Trust Agreement
	  	17
	 17.
	  	 Costs and Expenses
	  	17
	 18.
	  	 Partial Invalidity; Waiver
	  	17
	 19.
	  	 Amendments
	  	17
	 20.
	  	 Successors
	  	17
	 21.
	  	 Notices and their Language
	  	17
	 22.
	  	 Applicable Law; Jurisdiction
	  	18

 THIS GLOBAL ASSIGNMENT AGREEMENT (the Agreement) is made originally on 12 May 2006, as
amended and restated by a supplemental agreement dated 4 February 2010 
 BETWEEN: 

 

	(1)	KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having
its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902

 (the Assignor); and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am
Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent). 

The Assignor and the Security Agent are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to demand
performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Assignor enters into this Agreement.

  

	(D)	The other Finance Parties (as defined below) have appointed the Security Agent to act as their security trustee under German law (Treuhänder) pursuant to
and in accordance with the Security Trust Agreement (as defined below) in relation to the security provided hereunder. 

  

 1 

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the date of the Credit
Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

  

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

 

 2 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Claim(s) means any and all present and future receivables and any other rights
and claims, including but not limited to any non-monetary claims, the Assignor holds 
  

	 	(a)	against all clients, purchasers or suppliers or any of them, whether resulting from its present or future business or from any other cause at law;

  

	 	(b)	under any Insurance Policy, 

  

 3 

 in each case, including, without limitation, damage claims
(Schadensersatzansprüche) or claims resulting from unjust enrichment (ungerechtfertigte Bereicherung). To the extent that such Claims are in existence or outstanding at the time this Agreement comes into force, such Claims are
referred to as the Existing Claims, and if such Claims will only come into existence in the future they are referred to as the Future Claims. 

Commitment Letter means the commitment letter dated on or about the date of the Credit Agreement between the Mandated Lead
Arrangers, the Original Lenders, KDG and KDVS. 
 Compliance Certificate means any compliance certificate issued or to be
issued by any Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Debtor
means each debtor in respect of a Claim and Debtors means all such debtors. 
 Effective Date shall have the
meaning ascribed to that term in the Release Agreement. 
 Eligible Terms means, in respect of any Additional Facility:

  

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

 4 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all relevant Security
Documents (whether through execution of new documents or amendment to existing documents) or (in each case) to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant Security Documents
means Security Documents comprising the same assets and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place
(with the proceeds of enforcement of all Security Documents subject to the sharing provisions of the Priority Agreement). 

Escaline means Escaline S.à r.l., a limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy, Luxembourg and being registered with the Luxembourg trade register under registration number B 111 789.

 Euro, euro, EUR or € means the single European currency introduced 1 January 1999. 

Existing Facility means the €2,600,000,000 facilities made available under an amended and restated credit agreement originally
dated 29 March 2004 between, amongst others, KDVS as borrower and Deutsche Bank AG as facility agent. 
 External
Facility means any credit agreement which has Eligible Terms. 
 Event of Default means an event of default under any
of the Finance Documents, which entitles the Facility Agent to declare that all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankurt, a public limited company, having its registered office
at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at:
Junghofstrasse 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

Facility A1 means the English law governed up to EUR 1,150,000,000 term loan facility made or to be made available to KDVS
and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
  

 5 

 Facility C1 means the English law governed up to EUR 650,000,000 term loan
facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C. 

Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative Parties and an
Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 
 Finance
Document means: 
  

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

 6 

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 Insurance Policy
means any (existing or future) contract and policy of insurance subject to German Law (including, for the avoidance of doubt all cover notes (Deckungszusagen)) of whatever nature (other than liability insurance claims
(Haftpflichtversicherungsansprüche), any insurance policies in relation to any Security Asset (each as defined in the Security Transfer Agreement) or claims arising under insurance policies entered into for the benefit of the
Assignor’s employees) which are from time to time taken out by or on behalf of the Assignor or (to the extent of such interest) in which the Assignor has an interest including, without limitation, those specified in Schedule 3 hereto.

 Insurer means any insurance company or other entity entering into an Insurance Policy. 

KDG means Kabel Deutschland GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated
under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration
number HRB 145837. 
 KDG Merger means a merger (whether by way of statutory merger, collapse merger or by any other cause
at law) between KDVS and KDG. 
 KDVS means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a limited
partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the
local court (Amtsgericht) of Munich under registration number HRA 83902. 
 Lender means: 

 

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

 7 

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each of the
entities listed in Schedule 4 Part 2 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Lender, and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 4 Part 1 of this Agreement. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 
 Permitted Acquisition means any one or more acquisitions by KDVS, and following the effectiveness of the
KDG Merger the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership interests in a limited liability company or limited liability
partnership or of any existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally in the Core Business
in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions since the date of the Credit Agreement, Euro 800,000,000.

  

 8 

 Priority Agreement means the priority agreement originally dated 29 March 2004,
as amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 

Release Agreement means the release agreement dated 28 April 2006 made between KDG and KDVS as released parties, Deutsche Bank
AG London as releasing party and the Security Agent in relation to the release of certain security interests constituted under accessory and non-accessory security granted in connection with the Existing Facility. 

Request means any request for the draw down of any credit facility under the Credit Agreement by any Obligor. 

Secured Claims means all present and future rights and claims (Ansprüche) (whether actual or contingent and whether
owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including,
without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection,
preservation or enforcement of their respective rights under the Finance Documents. 
 Security means any and all security
granted to secure the Secured Claims. 
 Security Document means any document evidencing or creating security over any
asset of any Obligor to secure any obligation of any Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Transfer Agreement means the security transfer agreement originally dated 12 May 2006 between KDVS as transfer and
the Security Agent as transferee in relation to the transfer of certain assets. 
 Security Trust Agreement means the
agreement originally dated 12 May 2006, as amended and supplemented by a supplemental agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security
grantors, the Security Agent and the other Finance Parties pursuant to which, inter alia, the Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document.

 Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

 

 9 

 Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed
add-on facility accession agreement dated 24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substation agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel, Switzerland)
the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt Holding GmbH
as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the Substitution Agreement).

 Underwriter means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Finance Parties unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

 10 

	 	(b)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	 	(c)	Unless otherwise defined herein or unless the context otherwise requires, terms defined or referred to in the Credit Agreement shall have the same meaning when used
herein. 

  

	2.	ASSIGNMENT 

  

	2.1	The Assignor hereby assigns for security purposes all of the Claims to the Security Agent. In the event that the Assignor maintains a current account arrangement
(Kontokorrentverhältnis) with regard to any of the Claims, this assignment includes all claims from any existing or future current account balances, the right to determine the net balance and the right to terminate the current account
relationship. The Assignor will not enter into new current account arrangements in respect of the Claims during the term of this Agreement without the prior written consent of the Security Agent, such consent not be unreasonably withheld.

  

	2.2	The Security Agent accepts the assignment of the Claims. 

  

	2.3	The Existing Claims shall pass over to the Security Agent on execution of this Agreement, and any Future Claims shall pass over to the Security Agent on the date
such Future Claims arise. 

  

	2.4	Together with the Claims any other rights pertaining thereto are transferred to the Security Agent. To the extent that any security interest securing the Claims
is not transferred as a matter of law the Assignor hereby assigns and transfers such security interest to the Security Agent and the Security Agent hereby accepts such assignment and transfer. 

 

	2.5	Insofar as additional declarations or actions are necessary for the perfection of the security interest to be granted hereunder or the rights mentioned in Clause
2.4 (Assignment) above, the Assignor shall, at the Security Agent’s request, make such declarations or undertake such actions. 

  

	2.6	In case the Assignor receives any kind of cheques (Schecks), bills of exchange (Wechsel), notes or commercial papers for the settlement of the
assigned Claims, the Assignor herewith assigns and transfers all rights and claims in respect of such cheques, bills of exchange, notes and commercial papers to the Security Agent. The Security Agent accepts such assignment and transfer.

  

	2.7	The Assignor herewith also confirms and acknowledges the release and assignment of any and all claims and rights from Deutsche Bank AG London to the Security
Agent pursuant to the terms of the Release Agreement and according to the Assignor’s instructions upon the occurrence of the Effective Date which the Security Agent shall hold pursuant to and in accordance with the terms of this Agreement.

  

	3.	SECURITY PURPOSE 

 The
Claims shall serve as collateral in order to secure the prompt and complete satisfaction and discharge in full of any and all Secured Claims. 
  

	4.	LIST OF CLAIMS 

  

	4.1	 The Assignor shall provide the Security Agent at monthly intervals on no later than the 5th Business Day following the end of a monthly period
for the preceding monthly period, or, if an Event of Default has occurred, upon request by the Security Agent at shorter intervals , with a list of those Claims which, according to the Assignor’s bookkeeping, were still outstanding at the end
of the previous monthly period or any shorter interval as appropriate. Unless otherwise agreed, the list shall show the names and addresses of the Debtors as well as the outstanding amounts and the due

  

 11 

	 	 
dates for payment. The Assignor shall use any reasonable efforts to indicate whether the assignment of a Claim is prohibited or requires the express consent of the relevant Debtor and whether any
Debtors have counterclaims that could be set off against the Assignor’s Claim. In the event that any such counterclaims exist, the list should include such counterclaims. Moreover, the Assignor shall use any reasonable efforts to indicate those
Claims which for legal or factual reasons cannot be asserted immediately, in which case such reasons shall be indicated. 

  

	4.2	The Assignor shall have the right to deliver the list of its Claims on a readable and compatible disk or other electronic data storage medium. The Security Agent
will contact the Assignor from time to time with a view to agreeing the necessary details. 

  

	4.3	For the avoidance of doubt, the Security Agent shall also be entitled to any and all Claims if for any reason whatsoever any Claims are not or incompletely
contained in the list presented to the Security Agent. 

  

	4.4	If the Assignor employs a third party for its bookkeeping and/or data-processing, the Assignor hereby irrevocably authorises the Security Agent to obtain the
lists of Claims directly from such third party at the Assignor’s expense. The Assignor hereby undertakes to instruct the third party to provide the Security Agent promptly upon the Security Agent’s demand with such lists.

  

	5.	THE ASSIGNOR’S RIGHT 

The Assignor shall have the right to collect and recover the Claims and to take all measures and enter into all agreements with the
respective Debtors and/or Insurers in the ordinary course of business (such right referred to as the Authorisation). The Assignor may in particular grant discounts or indulgence to Debtors or the respective Insurer and/or enter into
settlement agreements. The Assignor shall in doing so act with the care of an orderly acting merchant (Sorgfalt eines ordentlichen Kaufmannes). The Security Agent may revoke the Authorisation at any time after (i) an Event of Default has
occurred and (ii) the FacilityAgent has delivered a notice declaring an Event of Default and declaring that all or part of any amounts outstanding under the Finance Documents are due and payable. 

 

	6.	DISCLOSURE AND NOTIFICATION 

  

	6.1	Disclosure and Notification to Debtors 

  

	 	(a)	The Security Agent is entitled to disclose the assignment constituted by this Agreement to the Debtors if (i) an Event of Default has occurred and (ii) the
Facility Agent has delivered a notice declaring an Event of Default and declaring that all or part of any amounts outstanding under the Finance Documents are due and payable. For the purpose of disclosing the assignment constituted by this
Agreement, the Security Agent may demand from the Assignor for each Debtor a signed notification letter in the form of Schedule 1 Part 1 (including the Form of Acknowledgement in the form of Schedule 1 Part 2) addressed to the respective Debtor upon
the occurrence of an Event of Default. 

  

	 	(b)	The Assignor undertakes to forward to the Security Agent promptly at its request notification letters executed in blank for the purpose of notifying the Debtor(s) of
the assignment of the respective Claims. The Assignor hereby authorises the Security Agent to copy blank notification certificates signed by the Assignor upon the occurrence of an Event of Default. 

 

 12 

	6.2	Disclosure and Notification to Insurers 

The Assignor undertakes to notify the relevant Insurer(s) of this Agreement and of the assignment of any rights and claims under the
respective Insurance Policy and to provide the Security Agent with a copy of such notification and the requested return receipt. Notwithstanding such assignment the Assignor will continue to be obliged under the Insurance Policies with the proviso
that the Assignor is not entitled to terminate any of the Insurance Policies without the prior written consent of the Security Agent. Insofar as additional declarations and actions are necessary for the assignment of the insurance claims the
Transferor shall, at the Security Agent’s request, make such additional declarations or undertake such actions. 
  

	7.	ASSIGNMENT OF CLAIMS AGAINST CONDITIONAL VENDORS 

  

	7.1	If a Trade Receivable is assigned to the Security Agent which any supplier of the Assignor can at present or in future assert by reason of an extended retention
of title (verlängerter Eigentumsvorbehalt), the assignment of such Trade Receivable shall only become effective upon the extinction of such extended retention of title. As long as the supplier is only partly entitled to the Trade
Receivable the assignment of such Trade Receivable to the Security Agent hereunder shall be limited to the part of the Trade Receivable to which the Assignor is entitled. The other part of the Trade Receivable will be transferred to the Security
Agent at such time as that part is no longer affected by any extended retention of title. 

  

	7.2	The Assignor hereby assigns to the Security Agent its right to reassignment of the Trade Receivables assigned to a supplier by reason of an extended retention of
title (verlängerter Eigentumsvorbehalt) as well as any contingent claims to the transfer of all proceeds paid out to the supplier, together with all rights pertaining thereto. The Assignor hereby also assigns any possible inchoate right
(Anwartschaftsrecht) with respect to the assignment of any Trade Receivables to a supplier which is subject to a condition subsequent (auflösende Bedingung). The Security Agent hereby accepts such assignments.

  

	7.3	The Security Agent is entitled to extinguish the extended retention of title (verlängerter Eigentumsvorbehalt) by itself satisfying the supplier.

  

	8.	ENFORCEMENT AND COLLECTION 

  

	8.1	The Security Agent is entitled to collect the Claims if (i) an Event of Default has occurred, (ii) the Facility Agent has delivered a notice under
Clause 20.20 of the Credit Agreement declaring an Event of Default and declaring that all or part of any amounts outstanding under the Finance Documents are due and payable and (iii) the Event of Default has not been remedied within 5 (five)
Business Days following the receipt of such notice. 

 The Security Agent will take such measures only to the
extent necessary for the satisfaction of the outstanding Secured Claims and shall at all times take into consideration the legitimate interest of the Assignor in exercising its rights and carrying out its duties under this Agreement. The Security
Agent will notify the Assignor of its intention to realise the Claims by giving 5 (five) Business Days prior written notice to the Assignor. Such notice period is not necessary if the Assignor has generally ceased to make payments or the
commencement of insolvency proceedings is filed against the Assignor. 
  

	8.2	To the extent the Security Agent is entitled to collect the Claims, he may request that all documents relating to the Claims be handed over to the Security Agent
and the Assignor hereby agrees to comply promptly with any such request. The Security Agent may request the Assignor to collect the Claims for and on behalf of the Security Agent and the Assignor shall promptly comply with such request.

  

 13 

	8.3	The Security Agent may realise any and all of the claims to the extent necessary to satisfy any outstanding Secured Claims by collecting all or part of the
Claims. 

  

	8.4	The proceeds resulting from the enforcement of this Agreement shall be applied by the Security Agent towards payment of the Secured Claims in accordance with the
provisions of the Priority Agreement. 

  

	8.5	If and to the extent the Security Agent collects any Claims pursuant to Clause 8.1 (Enforcement and Collection) hereof, it may take all measures and enter into
all agreements with such Debtors which it considers to be expedient. In particular, the Security Agent may grant discounts or indulgence to Debtors and/or enter into settlement agreements. 

 

	8.6	The Security Agent may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	9.	RELEASE OF SECURITY 

  

	9.1	Reassignment 

 After the
full and complete satisfaction of all Secured Claims, the Security Agent shall promptly, at the cost and expense of the Assignor, reassign to the Assignor the Claims and surrender the excess proceeds, if any, resulting from any realisation of the
Claims. The Security Agent will, however, transfer any Claims to a third party to the extent that it is obliged to do so. 
  

	9.2	Release 

 Even prior to
the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release, upon the Assignor’s request, and at the Assignor’s cost and expense, all or part of the Security insofar as the realisable value of the
Security exceeds, not only temporarily, the Secured Claims by more than 10%. The Security Agent may, at his discretion, determine which part of the Security shall be released. 

 

	10.	RIGHT OF INSPECTION 

 The
Assignor authorises the Security Agent to inspect at any time during normal business hours its records, or to have them inspected by a duly authorised representative, for the purpose of inspecting and checking the Claims. 

 

	11.	BOOK-KEEPING AND DATA-PROCESSING 

  

	11.1	If proof or documents which are necessary to assert the Claims have been handed over by the Assignor to a third party (in particular a bookkeeping firm or a tax
consultant) the Assignor hereby assigns to the Security Agent its right to demand from such third party the return of the information and documents. The Security Agent hereby accepts such assignment. The Assignor hereby undertakes to instruct the
third party to provide the Security Agent upon its reasonable demand with such information and documents which are necessary to assert the Claims. The Security Agent may only make such demand 

 

	 	(a)	(after taking into account the interests of the Assignor) for the safeguarding of the Security Agent’s legitimate interests; or 

 

	 	(b)	after 

  

	 	(i)	an Event of Default has occurred; and 

  

 14 

	 	(ii)	the Facility Agent has delivered a notice declaring an Event of Default and declaring that all or part of any amounts outstanding under the Finance Documents are due
and payable. 

  

	11.2	If the Claims have been stored in an electronic data-processing system and a third party handles the electronic processing of data, the Assignor hereby assigns
to the Security Agent all rights against such third party relating to these services, and instructs such third party to handle the processing of data for the Security Agent upon its instructions as it did for the Assignor. The Security Agent hereby
accepts such assignment. The Security Agent may only give such instructions (1) (after taking into account the interests of the Assignor) for the safeguarding of the Security Agent’s legitimate interests or (2) after (i) an Event
of Default has occurred and (ii) the Facility Agent has delivered a notice declaring an Event of Default and declaring that all or part of any amounts outstanding under the Finance Documents are due and payable. 

 

	11.3	The Security Agent authorises the Assignor to exercise the rights mentioned under Clause 11.1 above vis-à-vis the third party prior to the occurrence of
the events mentioned under 11.1(a) and 11.1(b) above. 

  

	12.	UNDERTAKINGS 

 The
Assignor undertakes: 
  

	 	(a)	to inform the Security Agent promptly of any subsequent changes in the value of any of the Claims resulting from any complaints, price discounts, set off or other
reasons, after becoming aware of such changes, provided any such change, or such changes in aggregate, might have a material adverse effect on the Security granted hereunder; 

 

	 	(b)	to notify the Security Agent promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to adversely affect the
validity or enforceability of this Agreement; 

  

	 	(c)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

	 	(ii)	if the Security granted hereunder has become enforceable, for facilitating the realisation of all or any part of the Claims which are subject to this Agreement and the
exercise of all powers, authorities and discretions vested in the Security Agent or in any receiver of all or any part of those Claims; 

and in particular to execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its
nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; and 
  

	 	(d)	not to assign or sell any of the Claims to any third party without the Security Agent’s prior written consent; and 

 

	 	(e)	to inform the Security Agent promptly of any attachments (Pfändung) regarding any and all of the Claims or any other measures which may impair or jeopardise
the Security Agent’s rights relating to the Claims. In the event of an attachment, the Assignor undertakes to forward to the Security Agent promptly a copy of the attachment order (Pfändungsbeschluss), the garnishee order
(Überweisungsbeschluss) and all other documents necessary for a defence against the attachment. The Assignor shall inform the attaching creditor promptly about the Security Agent’s security interests. 

 

 15 

	13.	REPRESENTATIONS AND WARRANTIES 

The Assignor represents and warrants to the Security Agent that the Assignor is the legal and beneficial owner of the Existing Claims and
the rights assigned hereunder and that the Claims are free of any third party rights, except in each case where the relevant Claims have already been assigned to the Security Agent by operation of this Agreement as originally made dated 12 May
2006. 
  

	14.	INDEMNITY 

  

	14.1	Liability for Damages 

The Security Agent shall not be liable for any loss or damage suffered by the Assignor save in respect of such loss or damage which is
suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	14.2	Indemnification 

 The
Assignor will indemnify the Security Agent and the other Finance Parties and keep the Security Agent and the other Finance Parties indemnified against any losses, actions, claims, expenses, demands and liabilities which are incurred by or made
against the Security Agent or any of the other Finance Parties for anything done or omitted in the exercise of the powers contained herein as a result of any breach by the Assignor of any of its obligations or undertakings contained herein except to
the extent that such losses, actions, claims, expenses, demands or liabilities have resulted from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 

 

	14.3	This Clause 14 shall survive the termination of this Agreement under Clause 15 or otherwise. 

 

	15.	DURATION AND INDEPENDENCE 

  

	15.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. The Security constituted under this Agreement shall not cease to exist if any payments made in satisfaction of the Secured Claims have only
temporarily discharged the Secured Claims. 
  

	15.2	Continuing Security 

 This
Agreement shall create a continuing security and no change or amendment whatsoever in any Finance Document or in any document or agreement related thereto shall affect the validity or the scope of this Agreement nor the obligations which are imposed
on the Assignor pursuant to it. 
  

	15.3	Independence 

  

	 	(a)	This Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or any of the other Finance Parties
with respect to any obligation of the Obligors. No such other security or guarantee shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 

 

 16 

	 	(b)	The Assignor will grant the Security to be granted by it independent from the Security granted by any other person. 

 

	16.	THE SECURITY TRUST AGREEMENT 

The provisions of the Security Trust Agreement shall apply to this Agreement provided that in the event of any conflict between the
provisions of this Agreement and the provisions of the Security Trust Agreement, the provisions of this Agreement shall prevail. 
  

	17.	COSTS AND EXPENSES 

 The
Assignor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document.

  

	18.	PARTIAL INVALIDITY; WAIVER 

  

	18.1	Invalidity 

 If any
provision of this Agreement or part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which best
meets the intent of the replaced provision. This shall apply analogously in the case of gaps. 
  

	18.2	Waiver 

 No failure to
exercise, nor any delay in exercising, on the part of the Security Agent, any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof
or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by law. 
  

	19.	AMENDMENTS 

 Changes to
and amendments of this Agreement, including this Clause 19 (Amendments), shall be made in writing. 
  

	20.	SUCCESSORS 

 This
Agreement shall be binding upon the Parties hereto and their respective successors in law. The Security Agent shall be entitled to assign or otherwise transfer any and all of its rights and duties under this Agreement to third parties. The Assignor
is entitled to any such transfer with the prior written consent of the Security Agent only. 
  

	21.	NOTICES AND THEIR LANGUAGE 

  

	21.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Assignor or the Security Agent shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number of the party, and
for the attention of the individual, applying for the purposes of this Agreement, as set forth in Schedule 2 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time.

  

 17 

	21.2	Language 

 Unless
otherwise required by statutory German law or unless otherwise agreed in writing from time to time, Any notice or other communication under or in connection with this Agreement shall be the English language or, if in any other language, accompanied
by a translation into English. In the event of any conflict between the English text and the text in any other language, the English text shall prevail (unless the document is a statutory or other official document), except that where a German
translation of a legal term appears in such text, the German translation shall prevail. 
  

	22.	APPLICABLE LAW; JURISDICTION 

  

	22.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

	22.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement) for all Parties shall be Frankfurt am Main, Federal Republic of Germany. The Security Agent, however, shall also be entitled to take
legal action against the Assignor in any other competent court of law having jurisdiction over the Assignor or any of its assets. 
  

 18 

 SCHEDULE 2 

AMENDED AND RESTATED FORM OF THE SECURITY TRANSFER AGREEMENT 

 SECURITY TRANSFER AGREEMENT 

12 May 2006 

AS AMENDED AND RESTATED BY A SUPPLEMENTAL AGREEMENT DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

as Transferor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Agent 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	 	 	  	Page
			
	1.	 	Interpretation	  	2
	2.	 	Transfer of Security Assets	  	11
	3.	 	Substitution for Delivery	  	14
	4.	 	Agreement on Transfer of Title	  	14
	5.	 	Security Purpose	  	15
	6.	 	Identification of Assets	  	15
	7.	 	Location of Security Assets	  	15
	8.	 	Rights of the Security Agent to Examine the Security Locations	  	16
	9.	 	Reservation of Title	  	16
	10.	 	Taking Possession by the Security Agent	  	16
	11.	 	Enforcement and Realisation	  	16
	12.	 	Undertakings	  	17
	13.	 	Further Undertakings	  	17
	14.	 	Representations and Warranties	  	18
	15.	 	Insurance of the Security Assets	  	19
	16.	 	Third Party Rights	  	19
	17.	 	Release of Security	  	19
	18.	 	Indemnity	  	20
	19.	 	Successors	  	20
	20.	 	Duration and Independence	  	20
	21.	 	The Security Trust Agreement	  	21
	22.	 	Costs and Expenses	  	21
	23.	 	Partial Invalidity; Waiver	  	21
	24.	 	Amendments	  	21
	25.	 	Notices and Their Language	  	21
	26.	 	Applicable Law; Jurisdiction	  	21

 THIS SECURITY TRANSFER AGREEMENT (the Agreement) is made originally on 12 May 2006, as
amended and restated by a supplemental agreement dated 4 February 2010 
 BETWEEN: 

 

	(1)	KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having
its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902

 (the Transferor); and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB Edinburgh,
Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am Main,
Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent). 

The Transferor and the Security Agent are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to demand
performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Transferor enters into this Agreement.

  

	(D)	The other Finance Parties (as defined below) have appointed the Security Agent to act as their security trustee under German law (Treuhänder) pursuant to
and in accordance with the Security Trust Agreement (as defined below) in relation to the security provided hereunder. 

  

 1 

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

  

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

 

 2 

 Add-On Facility Lender means: 

 

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 Antenna Device means an antenna device consisting of a parabolic antenna dish, pole, with or without
heating system, and all active devices connected thereto, in particular, but not limited to, electronic receiving/transmitting devices and intermediate frequency transmitters (Zwischenfrequenzverteiler). 

BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Commitment Letter means the commitment letter dated on or about the date of
the Credit Agreement between the Mandated Lead Arrangers, the Original Lenders, KDG and KDVS. 
  

 3 

 Compliance Certificate means any compliance certificate issued or to be issued by any
Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 DATG
means Deutsche Telekom Aktiengesellschaft. 
 Effective Date means 12 May 2006 and its occurrence was confirmed
by a letter of Deutsch Bank AG, London Branch of 15 May 2006 which is attached to this Agreement as Schedule 8. 

Eligible Terms means, in respect of any Additional Facility: 

 

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

 4 

	 	(f)	the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all relevant Security
Documents (whether through execution of new documents or amendment to existing documents) or (in each case) to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant Security Documents
means Security Documents comprising the same assets and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place
(with the proceeds of enforcement of all Security Documents subject to the sharing provisions of the Priority Agreement). 

Escaline means Escaline S.à r.l., a limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy, Luxembourg and being registered with the Luxembourg trade register under registration number B 111 789.

 Euro, euro, EUR or € means the single European currency introduced 1 January 1999. 

Existing Facility means the €2,600,000,000 facilities made available under an amended and restated credit agreement originally
dated 29 March 2004 between, amongst others, KDVS as borrower and Deutsche Bank AG as facility agent. 
 External
Facility means any credit agreement which has Eligible Terms. 
 Event of Default means an event of default under any
of the Finance Documents, which entitles the Facility Agent to declare that all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankurt, a public limited company, having its registered office
at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at:
Junghofstrasse 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

Facility A1 means the English law governed up to EUR 1,150,000,000 term loan facility made or to be made available to KDVS
and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility C1 means the English law
governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C. 

Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative Parties and an
Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 
  

 5 

 Finance Document means: 

 

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Security Assets means any and all assets of the same kind as those specified in Clause 2.1 which have been and/or will be
located in any of the Security Locations, and, as the case may be, labelled as specified in Clause 2.1(a)(i) (A) after the date of the Effective Date and/or (B) after the date of this Agreement. 

Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

HCP means home connection point (Hausübergabepunkt), being a standardised cable connecting box, made of grey plastics,
on one side being attached to the coaxial cable as set out under Clause 2.1(b) and being situated in any of the locations set out in the lists of locations shown on the CD-ROM enclosed to this Agreement as Schedule 1 Part 3. 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

 

 6 

 Hedging Bank means: 

 

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 KDG means Kabel
Deutschland GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the
Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 

KDG Merger means a merger (whether by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG.

 KDVS means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership
(Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRA 83902. 
 Lender means: 

 

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
  

 7 

 Original Add-On Facility Lender means each of the entities listed in Schedule 9 Part
2 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Lender, and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 9 Part 1 of this Agreement. 

Original Transferred Assets shall have the meaning ascribed to that term in Clause 2.1 below. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 
 Permitted Acquisition means any one or more acquisitions by KDVS, and following the effectiveness of the
KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership interests in a limited liability company or limited liability
partnership or of any existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally in the Core Business
in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions since the date of the Credit Agreement, Euro 800,000,000.

 Present Security Asset has the meaning given to it in Clause 2.1. 

 

 8 

 Priority Agreement means the priority agreement originally dated 29 March 2004,
as amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 

Rack means a standardised installation and storage system for electronic equipment with 19” width. 

Region means the territories of the cities (kreisfreie Städte), municipal associations (Stadtverbände),
towns (Gemeinden) and counties (Landkreise) set out in Column 1 of Schedule 2 hereto, but excluding these territories set out in Column 2 of Schedule 2 hereto. 

Release Agreement means the release agreement dated 28 April 2006 made between KDG and KDVS as released parties, Deutsche Bank
AG London as releasing party and the Security Agent in relation to the release of certain security interests constituted under accessory and non-accessory security granted in connection with the Existing Facility. 

Request means any request for the draw down of any credit facility under the Credit Agreement by any Obligor. 

Secured Claims means all present and future rights and claims (Ansprüche) (whether actual or contingent and whether
owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including,
without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection,
preservation or enforcement of their respective rights under the Finance Documents. 
 Security Asset means a Present
Security Asset and a Future Security Asset. 
 Security means any and all security granted to secure the Secured Claims.

 Security Document means any document evidencing or creating security over any asset of any Obligor to secure any
obligation of any Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Location means (i) each of the premises rented or owned by the Transferor as described in more detail in Schedule 1
Part 1, Part 2 and Part 3 hereto and (ii) the Region (each a Security Location and together the Security Locations). 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter alia, the
Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Service Level Agreement shall have the meaning ascribed to that term in the Credit Agreement. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

 

 9 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substation agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel, Switzerland)
the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt Holding GmbH
as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the Substitution Agreement).

 Transfer Agreement shall have the meaning ascribed to that term in Clause 2.1 below. 

Underwriter means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Finance Parties unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

 10 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	 	(f)	Unless otherwise defined herein or unless the context otherwise requires, terms defined or referred to in the Credit Agreement shall have the same meaning when used
herein. 

  

	2.	TRANSFER OF SECURITY ASSETS 

  

	2.1	The Transferor hereby represents and warrants that it has transferred either full title (Eigentum), or title in the form of co-ownership
(Miteigentum) or inchoate rights (Anwartschaftsrecht), in the assets referred to in Clause 2.1(a) to (g) (each inclusive) below (collectively the Original Transferred Assets) to (A) Deutsche Bank AG London as security
agent and transferee under the security transfer agreements listed in Schedule 6 to this Agreement (each a Transfer Agreement and collectively the Transfer Agreements): 

 

	 	(a)	all of the following assets situated in the premises set out in Schedule 1 Part 1: 

 

	 	(i)	all Racks labelled or marked: 

  

	 	(A)	“BK”; 

  

	 	(B)	“Kabel Deutschland GmbH”; 

  

	 	(C)	“Kabel Bayern GmbH & Co. KG”, “Kabel Hamburg Schleswig-Holstein Mecklenburg-Vorpommern GmbH & Co. KG”, “Kabel Niedersachsen
Bremen GmbH & Co. KG”; “Kabel Berlin Brandenburg GmbH & Co. KG”, “Kabel Sachsen Sachsen-Anhalt GmbH & Co. KG” or “Kabel Rheinland-Pfalz GmbH & Co. KG”; 

 

	 	(D)	“Kabel Deutschland”; 

  

	 	(E)	“Kabel Bayern”, “Kabel Schleswig-Holstein”, “Kabel Mecklenburg-Vorpommern, “Kabel Hamburg”, “Kabel Niedersachsen”,
“Kabel Bremen”; “Kabel Brandenburg”, “Kabel Berlin”, “Kabel Sachsen-Anhalt”, “Kabel Sachsen” or “Kabel Rheinland-Pfalz”; 

 

	 	(F)	“Kabel Deutschland Vertrieb und Service GmbH &Co. KG”; 

  

	 	(G)	“Kabel Deutschland Breitband Services GmbH”; 

  

	 	(H)	“KDBS”; 

  

	 	(I)	

 

 or 

 

 11 

	 	(J)	with any label indicating that the respective asset is owned by KDVS (or Kabel Deutschland Vertrieb und Service GmbH & Co. KG respectively) or by KDBS (or
Kabel Deutschland Breitband Services GmbH respectively) or by KDG (or Kabel Deutschland GmbH respectively)”; 

  

	 	(ii)	all electronic devices installed or stored in Racks labelled or marked as set out in Clause 2.1(a)(i) above; 

 

	 	(iii)	all cables connecting the devices set out in Clause 2.1(a)(i) and 2.1(a)(ii) with each other; 

 

	 	(iv)	all cabinets labelled or marked as set out in Clause 2.1(a)(i) above; 

  

	 	(v)	any Antenna Device labelled or marked as set out in Clause 2.1(a)(i) above; 

 

	 	(vi)	all AMTV radio link transmission systems (consisting of Antenna Devices, poles, with or without heating systems, and all active devices connected thereto, in
particular, but not limited to, electronic receiving/transmitting devices) connected to assets mentioned under Clause 2.1(a)(ii) above; and 

  

	 	(vii)	all coaxial cables and optical transmission systems (optical fibre and related optical nodes and other related equipment) connecting electronic devices as set out under
Clause 2.1(a)(ii) above and Antenna Devices as set out in Clause 2.1(a)(v) above; 

  

	 	(b)	(i) all coaxial cables 

  

	 	(A)	marked “KX” and additionally marked with a telephone receiver symbol; and 

 

	 	(B)	situated in the Region; 

 and

  

	 	(ii)	all optical fibre cables 

  

	 	(A)	marked “KDG” and additionally marked with a double sinus wave symbol; and 

 

	 	(B)	situated in the Region; 

  

	 	(c)	all equipment connected to the cables mentioned under Clause 2.1(b) lit. (i) and/or (ii) above, in particular, but not limited to, cable couplings
(Muffen), splitter, taps, cable connectors and HCPs; 

  

	 	(d)	all street cabinets situated in the Region and which are identified by features referred to under (i) to (iii) below: 

 

	 	(i)	being marked on the outside “KVZ 82” or “KVZ 83” or “KVZ 86” or “KVZ 05”; 

 

	 	(ii)	having a socket (Sockel) with holes for air supply (Lufteinlassöffnungen); and 

 

	 	(iii)	containing a standardised box made of pressure die-casting (BK-Verstärkergehäuse aus Druckguss, abbreviated BKVrGeh) with the approximate dimensions:
width 61cm x height 44cm x depth 19cm); 

  

 12 

 including all technical equipment installed or stored in each of such street cabinets, but
excluding, power meters and the part of the incoming power supply cables from the entering points of such cable into the street cabinets up to its connection to the power supply unit (Netzteil); 

 

	 	(e)	all optical transmission systems (optical fibre and related optical nodes and other related equipment) as set out under Schedule 4; 

 

	 	(f)	all assets situated in the locations set out in the list of separated rooms as described in Schedule 1 Part 2 hereto; and 

 

	 	(g)	all of the following assets situated in the locations set out in the list of locations shown on the CD-ROM being enclosed to this Agreement as Schedule 1 Part 3:

  

	 	(i)	all coaxial cables, other than those set out under Clause 2.1(b), which 

  

	 	(A)	are directly or indirectly (in case of interconnected amplifiers, splitters, taps or other equipment) connected to a HCP; and 

 

	 	(B)	start at a HCP and end at the sockets (Antennensteckdosen) in the supplied flats (or vice versa); and 

 

	 	(ii)	all equipment connected to the coaxial cable mentioned in this Clause 2.1(g) such as amplifiers, splitters, taps and the sockets (Antennensteckdosen).

 In addition, the Transferor hereby also represents and warrants that after the date of the respective Transfer
Agreement and on or before the Effective Date it has transferred either full title (Eigentum), or title in the form of co-ownership (Miteigentum) or inchoate rights (Anwartschaftsrecht), to Deutsche Bank AG London in any and all
assets of the same kind, or similar to those specified in Clause 2.1 (a) to (g) (each inclusive) above located in any of the Security Locations, and, as the case may be, labelled as specified in Clause 2.1(a)(i) above (collectively the
Future Transferred Assets) (the Original Transferred Assets and the Future Transferred Assets collectively the Present Security Assets). According to the terms of the Release Agreement, Deutsche Bank AG London has transferred the
Present Security Assets to the Security Agent as of the Effective Date. 
  

	2.2	The Transferor hereby transfers full title (Eigentum) in any and all Future Security Assets to the Security Agent and title in such Future Security Asset
shall pass in accordance with Clause 2.4 to 2.6 below. 

  

	2.3	To the extent that the Transferor holds, or will in future hold, title in the form of co-ownership (Miteigentum) in respect of the Future Security Assets
or part thereof, it herewith transfers such ownership rights to the Security Agent. Additionally, the Transferor transfers and assigns to the Security Agent all inchoate rights (Anwartschaftsrechte) it holds, or will hold in future, in
respect of the Future Security Assets. 

  

	2.4	In relation to the Future Security Assets referred to under Clause 2.1(a)(iii), (vi) and (vii), Clause 2.1(b), Clause 2.1(d), Clause 2.1(f) and Clause
2.1(g), any ownership rights (Eigentum), co-ownership rights (Miteigentum) or inchoate rights (Anwartschaftsrechte) in respect of assets brought to any of the Security Locations after the Effective Date have been and/or will be
automatically transferred to the Security Agent at the time such assets are actually brought to any of the Security Locations. 

  

	2.5	 In relation to any assets referred to under Clause 2.1(a)(i), (ii), (iv) and (v), any ownership rights (Eigentum), co-ownership
rights (Miteigentum) or inchoate rights (Anwartschaftsrechte) in respect of 

  

 13 

	 	 
such assets brought to the Security Locations or actually labelled after the Effective Date have been and/or will be automatically transferred to the Security Agent at the latter of the points in
time such assets are actually brought to the Security Locations or such assets are actually labelled (to the extent applicable). 

  

	2.6	In relation to any assets referred to under Clause 2.1(c), any ownership rights (Eigentum), co-ownership rights (Miteigentum) or inchoate
rights (Anwartschaftsrechte) in respect of such assets connected to any of the Security Assets referred to under Clause 2.1(b) after the Effective Date have been and/or will be automatically transferred to the Security Agent at the time such
assets are actually connected to any of the Security Assets referred to under Clause 2.1(b). 

  

	2.7	In relation to any assets referred to under Clause 2.1(e), any ownership rights (Eigentum), co-ownership rights (Miteigentum) or inchoate rights
(Anwartschaftsrechte) in respect of such assets listed in Schedule 4 shall pass to the Security Agent at the time of execution of this Agreement. 

  

	2.8	The Security Agent accepts such transfers and assignments. 

  

	2.9	Whenever an asset has been labelled as set out in Clause 2.1 above, any label of DTAG additionally attached to such asset—indicating its former
ownership—shall be disregarded for the purpose of determining a Security Asset. 

  

	2.10	The Parties herewith 

  

	 	(a)	acknowledge the release and transfer of any and all Present Security Assets from Deutsche Bank AG London to the Security Agent pursuant to the terms of the Release
Agreement upon the Effective Date and according to the Transferor’s instruction; and 

  

	 	(b)	agree and confirm that the Transferor holds the Present Security Assets as lessee free of charge (Leihe) on behalf of the Security Agent as indirect possessor of
such assets (mittelbarer Besitzer) pursuant to and in accordance with the terms of this Agreement as a substitute for the delivery of all Present Security Assets. 

 

	3.	SUBSTITUTION FOR DELIVERY 

  

	3.1	As a substitute for the delivery of all Security Assets to the Security Agent, the Transferor and the Security Agent (as indirect possessor (mittelbarer
Besitzer)) herewith agree that the Transferor will hold the Security Assets for the Security Agent as lessee free of charge (Leihe). 

  

	3.2	To the extent that third parties obtain actual possession (unmittelbarer Besitz) of the Security Assets, the Transferor hereby transfers and assigns to
the Security Agent any existing or future claims it may have for the surrender of the Security Assets. The Security Agent accepts such assignments. 

  

	4.	AGREEMENT ON TRANSFER OF TITLE 

  

	4.1	The Parties are in agreement that any and all asset which is of the same kind as those specified in Clause 2.1 (a) to (g) (each inclusive) above and
located in any of the Security Locations, and, as the case may be, labelled as specified in Clause 2.1(a)(i) above but that has neither been transferred pursuant to the terms of this Agreement nor of the Release Agreement shall constitute security
property (Sicherungseigentum) of the Security Agent as of the date of execution of and entering into this Agreement. 

  

	4.2	As a substitute for the delivery of such assets referred to in Clause 4.1 above to the Security Agent, the Transferor and the Security Agent (as indirect
possessor (mittelbarer Besitzer)) herewith agree that the Transferor will hold such assets referred to in Clause 4.1 above for the Security Agent as lessee free of charge (Leihe). 

 

 14 

	4.3	To the extent that third parties obtain actual possession (unmittelbarer Besitz) of such assets referred to in Clause 4.1 above, the Transferor hereby
transfers and assigns to the Security Agent any existing or future claims it may have for the surrender of such assets. The Security Agent accepts such assignments. 

 

	5.	SECURITY PURPOSE 

 The
Security Assets shall serve as collateral to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	6.	IDENTIFICATION OF ASSETS 

  

	6.1	The Transferor shall provide the Security Agent on no later than the fifth Business Day following the end of a calendar quarter for that calendar quarter, or at
shorter intervals if so requested by the Security Agent in order to permit the safeguarding of its legitimate interests, with a list of those assets which have become Future Security Assets during that calendar quarter. 

 

	6.2	The Transferor shall have the right to deliver the relevant lists on a readable and compatible disk. The Security Agent may contact the Transferor from time to
time with a view to agreeing the necessary details. 

  

	6.3	For the avoidance of doubt, the Security Agent shall also be entitled to any and all Security Assets if for any reason whatsoever such Security Assets are not,
or are incompletely contained in any of the lists provided to the Security Agent pursuant to Clause 6.1 above. 

  

	6.4	If the Transferor employs a third party for its bookkeeping and/or data-processing, the Transferor hereby irrevocably authorises the Security Agent to obtain the
lists of Security Assets provided pursuant to Clause 6.1 above directly from such third party at the Transferor’s expense. The Transferor hereby undertakes to instruct the third party to provide the Security Agent upon the Security Agent’s
demand with such information and documents as the Security Agent requests. 

  

	7.	LOCATION OF SECURITY ASSETS 

  

	7.1	The Transferor is obliged to keep the Security Assets in the Security Locations specifying the respective Security Asset. The Transferor shall deal carefully
with the Security Assets and shall give due regard to all necessary care and maintenance of the Security Assets at its own expense. 

  

	7.2	Purely for the purpose of locating the individual cables transferred hereunder, information regarding the exact location of each cable is stored in electronic
form (network plans) on data carriers situated in the locations set out in Schedule 5 hereto. For the avoidance of doubt, the validity of any transfer of title hereunder shall not be affected by any inaccuracy or incompleteness of the information
available to the Security Agent pursuant to this Clause 7.2. 

  

	7.3	The Security Agent has the right to mark the Security Assets as its property. The Transferor shall keep accurate records of the Security Assets transferred and
assigned to the Security Agent. 

  

	7.4	A removal of Security Assets from the Security Locations specifying the respective Security Asset, or a disposal of Security Assets, other than removals or
disposals in the ordinary course of business, are only allowed with the prior written consent of the Security Agent. 

  

 15 

	7.5	The Transferor undertakes with respect to any and all Security Locations (or part thereof) which have been rented by it under rental agreements (each a Rental
Agreement): 

  

	 	(a)	to submit to the Security Agent at the date hereof a current copy of each Rental Agreement which entitles the Transferor to use the Security Location (or part thereof);

  

	 	(b)	to notify the Security Agent promptly of any amendments to a Rental Agreement; 

 

	 	(c)	to notify the Security Agent promptly of the non-payment of any rent due and payable under a Rental Agreement; and 

 

	 	(d)	to inform the lessor under a Rental Agreement in writing of the fact that the Security Assets have been transferred for security purposes to the Security Agent.

  

	7.6	The Security Agent is entitled, but not obliged, to make any payment due and payable under a Rental Agreement to the relevant lessor on behalf and at the expense
of the Transferor. 

  

	8.	RIGHTS OF THE SECURITY AGENT TO EXAMINE THE SECURITY LOCATIONS 

  

	8.1	The Security Agent or any representative of its choice is entitled to inspect the Security Assets, the Security Locations and any documentation or records
concerning the Security Assets on reasonable notice and during normal business hours. The Transferor shall provide all necessary information and allow access to the relevant books and documentation and any of the Security Locations respectively.

  

	8.2	If the Security Assets are possessed by a third party, such third party shall be instructed by the Transferor to allow access to the Security Assets by the
Security Agent. 

  

	9.	RESERVATION OF TITLE 

 The
Transferor shall extinguish any reservation of title arising during the normal course of business by settling the purchase price when due for the Security Assets affected by such reservation of title. The Security Agent is entitled but not obliged
to make such payments on behalf of the Transferor, in which case title to such Security Assets shall pass from any holder of such reservation of title directly to the Security Agent. 

 

	10.	TAKING POSSESSION BY THE SECURITY AGENT 

The Security Agent is entitled to recover the Security Assets upon the occurrence of an Event of Default which is continuing. 

 

	11.	ENFORCEMENT AND REALISATION 

  

	11.1	If (i) an Event of Default has occurred, (ii) the Facility Agent has declared all amounts payable under the Finance Documents immediately due and
payable and (iii) the Event of Default has not been remedied within 5 (five) Business Days after the Facility Agent has declared all amounts payable under the Finance Documents immediately due and payable. 

 

	11.2	The Security Agent will notify the Transferor of its intention to realise the Security Assets by giving 5 (five) Business Days’ notice. Such notice period is not
necessary if the Borrower has generally ceased to make payments or the commencement of insolvency proceedings has been filed against the Borrower. 

  

 16 

	11.3	The Security Agent is entitled to sell the Security Assets by way of private sale or private auction on its own account or on behalf of the Transferor. The
Security Agent will take into consideration the legitimate interests of the Transferor. The Security Agent is also entitled to demand from the Transferor, that the Transferor realises the Security Assets in the best way possible or helps with the
realisation. In that event the Transferor is obliged to transfer promptly all proceeds resulting from such realisation to the Security Agent. 

  

	11.4	After the realisation of the Security Assets the Security Agent will employ the proceeds, in accordance with the provisions of the Priority Agreement, to cover
the Secured Claims. If the proceeds of the realisation are subject to turnover tax, the Security Agent will submit a credit note to the Transferor to the effect that such credit note is to be seen as an invoice for the delivery of goods. It shall in
any event meet the requirements of German turnover tax law. 

  

	11.5	The Security Agent may determine which of several securities, if applicable, shall be used to satisfy the Secured Claims. The proceeds resulting from the
enforcement will be distributed by the Security Agent in accordance with the relevant provisions of the Security Trust Agreement. 

  

	12.	UNDERTAKINGS 

  

	12.1	The Transferor undertakes: 

  

	 	(a)	to re-execute the transfer for security purposes of any of the Security Assets which has not been validly transferred hereunder or the transfer of which turns out to be
invalid or unenforceable; and 

  

	 	(b)	to transfer any assets which should have been transferred for security purposes to the Security Agent under any of the Security Documents but which, for whatever
reason, have not been validly transferred to the Security Agent. 

  

	12.2	The Transferor and the Security Agent agree that any Security Asset, or any other asset which should have been transferred to the Security Agent for security purposes,
which has not been validly transferred to the Security Agent, shall be treated as between the Transferor and the Security Agent as if it had been validly transferred for security purposes to the Security Agent, and shall be forthwith held on trust
by the Transferor for the benefit of the Security Agent. 

  

	13.	FURTHER UNDERTAKINGS 

 The
Transferor undertakes: 
  

	 	(a)	to accurately label all assets referred to under Clause 2.1(a)(i) and (v) to indicate its property; 

 

	 	(b)	to continue using the features specifying an asset as a Security Asset in accordance with Clause 2.1 above for all assets of the respective kind;

  

	 	(c)	to inform the Security Agent promptly of any subsequent material adverse changes in the value of any of the Security Assets taken as a whole; 

 

	 	(d)	to inform the Security Agent promptly of any subsequent changes to the Security Location; 

 

	 	(e)	to provide the Security Agent promptly at its request with all information and documents it may reasonably require in relation to the Security Assets taken as a whole;

  

 17 

	 	(f)	to notify the Security Agent promptly of any event or circumstance other than interpretation of laws which affects or is reasonably likely to affect the validity or
enforceability of this Agreement; 

  

	 	(g)	to use all reasonable best efforts to receive a written confirmation from Deutsche Telekom Aktiengesellschaft that Deutsche Telekom Aktiengesellschaft has received the
notice of the accession to each Service Level Agreement by the Security Agent; 

  

	 	(h)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

	 	(ii)	if the Security granted hereunder has become enforceable, for facilitating the realisation of all or any part of the assets which are subject to this Agreement and the
exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to execute
all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; and 

 

	 	(i)	to refrain from any acts or omissions which might damage or result in a loss of the Security Assets. 

 

	14.	REPRESENTATIONS AND WARRANTIES 

The Transferor represents and warrants to the Security Agent that: 

 

	 	(a)	the specification of the premises set out in Schedule 1 hereof is a complete and accurate specification of all premises the Transferor uses in order to operate its
cable net work business at the date of this Agreement or to keep or deposit moveables; 

  

	 	(b)	except for the Present Security Assets, either the Transferor or the Security Agent hold either full title (Eigentum), or title in the form of co-ownership
(Miteigentum), or title in the form of joint ownership (Gesamthandseigentum), or inchoate rights (Anwartschaftsrecht), in all Security Assets kept or deposited in the Security Locations set out in Schedule 1 Part 2 hereof;

  

	 	(c)	all Security Assets owned by the Transferor and kept or deposited in the Security Location set out in Schedule 1 Part 1 hereof are accurately labelled to indicate the
Transferor’s property; 

  

	 	(d)	except for the Present Security Assets, either the Transferor or the Security Agent hold either full title (Eigentum), or title in the form of co-ownership
(Miteigentum), or title in the form of joint ownership (Gesamthandseigentum), or inchoate rights (Anwartschaftsrecht), in all Security Assets labelled to indicate the Transferor’s property and kept or deposited in the
Security Location set out in Schedule 1 Part 1 hereof; and 

  

	 	(e)	after due inquiry (e.g. research within the Transferor, confirmation by cable suppliers and spot checks) to the best of its knowledge, it is not aware of other cables
marked “KX” and marked with a telephone receiver symbol in the Region other than those owned by the Transferor or by the Security Agent. 

  

 18 

	15.	INSURANCE OF THE SECURITY ASSETS 

  

	15.1	Obligation to insure 

 The
Transferor undertakes at its own expense to keep the Security Assets insured in accordance with the Credit Agreement. 
  

	15.2	Assignment 

 The
Transferor hereby assigns any and all rights and claims under the present and future insurances (other than liability insurance claims (Haftpflichtversicherungsansprüche)) regarding the Security Assets. The Transferor undertakes to
notify the relevant insurer(s) of the assignment of the insurance claims concerning the Security Assets constituted in connection with and pursuant to the respective Finance Documents and to provide the Security Agent with a copy of such
notification letter and the requested return receipt. Notwithstanding such assignment the Transferor will continue to be obliged under the respective insurance contracts with the proviso that the Transferor is not entitled to terminate any of the
insurance contracts without the prior written consent of the Security Agent unless the policy replacing the terminated policy is made subject to the provisions contained in this Clause 15. Insofar as additional declarations and actions are necessary
for the assignment of the insurance claims the Transferor shall, at the Security Agent’s request, make such additional declarations or undertake such actions. 
  

	15.3	Insurance Policy 

 The
Transferor undertakes to require the insurer(s) to issue, and submit to the Security Agent, at the Transferor’s expense, a certificate of insurance (Sicherungsschein and Sicherungsbestätigung, as the case may be) for the
benefit of the Security Agent together with the premium receipts or other evidence of the payment thereof. 
 To the extent the
Transferor is not, or not sufficiently, insured, the Security Agent has the right to insure the Security Assets at their full value from time to time at the Transferor’s expense. 

 

	16.	THIRD PARTY RIGHTS 

 If
and to the extent that there exists, in relation to the Security Assets, a pledge by law (gesetzliches Pfandrecht) in favour of any third party, the Transferor shall, at the Security Agent’s reasonable request, promptly provide that all
sums properly due to such third party have been duly paid. The Security Agent shall be entitled to make such payments if and to the extent that the Transferor does not provide promptly such evidence. 

 

	17.	RELEASE OF SECURITY 

  

	17.1	Release 

 After the full
and complete satisfaction of all Secured Claims, the Security Agent shall promptly, at the cost and expense of the Transferor, retransfer to the Transferor the Security Assets and surrender the excess proceeds, if any, resulting from any realisation
of the Security Assets or part thereof. The Security Agent will, however, transfer any Security Assets to a third party to the extent that it is obliged to do so. 

Even prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the
Transferor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily,
the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released. 
  

 19 

	18.	INDEMNITY 

  

	18.1	Liability for Damages 

The Security Agent shall not be liable for any loss or damage suffered by the Transferor save in respect of such loss or damage which is
suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	18.2	Indemnification 

 The
Transferor will indemnify the Security Agent and the other Finance Parties and keep the Security Agent and each of the other Finance Parties indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by
or made against the Security Agent of any of the other Finance Parties as a result of any breach of the Transferor of any of its obligations or undertakings herein except to the extent that such losses, actions, claims, expenses, demands or
liabilities have resulted from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Finance Parties or the Security Agent. 

 

	18.3	This Clause 18 shall survive the termination of this Agreement under Clause 20 or otherwise. 

 

	19.	SUCCESSORS 

 This
Agreement shall be binding upon the Parties hereto and their respective successors in law. The Security Agent shall be entitled to assign or otherwise transfer any and all of its rights and duties under this Agreement to third parties. The
Transferor is not entitled to any such transfer without the prior written consent of the Security Agent. 
  

	20.	DURATION AND INDEPENDENCE 

  

	20.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete payment and discharge of the Secured Claims. This Agreement shall not cease to exist, if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	20.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever to any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	20.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or or any of the other Finance Parties with respect to any obligation of any of the Borrower under the Finance Documents.
None of such other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 
  

 20 

	21.	THE SECURITY TRUST AGREEMENT 

The provisions of the Security Trust Agreement shall apply to this Agreement provided that in the event of any conflict between the
provisions of this Agreement and the provisions of the Security Trust Agreement, the provisions of this Agreement shall prevail. 
  

	22.	COSTS AND EXPENSES 

 The
Transferor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document.

  

	23.	PARTIAL INVALIDITY; WAIVER 

  

	23.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
  

	23.2	Waiver 

 No failure to
exercise, nor any delay in exercising, on the part of the Security Agent, any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof
or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by law. 
  

	24.	AMENDMENTS 

 Changes and
amendments to this Agreement, including this Clause 24 shall be made in writing. 
  

	25.	NOTICES AND THEIR LANGUAGE 

  

	25.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Transferor or the Security Agent shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number of the party, and
for the attention of the individual, set forth Schedule 7 or such other address or facsimile number as is notified from time to time. 
  

	25.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 
  

	26.	APPLICABLE LAW; JURISDICTION 

  

	26.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

 21 

	26.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement) for both parties shall be Frankfurt am Main, Germany. The Security Agent, however, shall also be entitled to take legal action against
the Transferor before any other competent court of law having jurisdiction over the Transferor or any of its assets. 
  

 22 

 SCHEDULE 3 

AMENDED AND RESTATED FORM OF THE DIGITAL NETWORK SECURITY 

TRANSFER AGREEMENT 

 SECURITY TRANSFER AGREEMENT 

IN RELATION TO 

THE DIGITAL NETWORK 

29 JANUARY 2007 

AS AMENDED AND RESTATED BY A SUPPLEMENTAL AGREEMENT DATED 4 FEBRUARY 

2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

as Transferor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Agent 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	  	Page
			
	1.	 	Interpretation	  	1
	2.	 	Transfer of Security Assets	  	11
	3.	 	Substitution for Delivery	  	12
	4.	 	Agreement on Transfer of Title	  	12
	5.	 	Security Purpose	  	13
	6.	 	Identification of Assets	  	13
	7.	 	Location of Security Assets	  	13
	8.	 	Rights of the Security Agent to Examine the Security Locations	  	14
	9.	 	Reservation of Title	  	14
	10.	 	Taking Possession by the Security Agent	  	14
	11.	 	Enforcement and Realisation	  	14
	12.	 	Undertakings	  	15
	13.	 	Further Undertakings	  	15
	14.	 	Representations and Warranties	  	16
	15.	 	Insurance of the Security Assets	  	16
	16.	 	Third Party Rights	  	17
	17.	 	Release of Security	  	17
	18.	 	Indemnity	  	17
	19.	 	Successors	  	17
	20.	 	Duration and Independence	  	18
	21.	 	The Security Trust Agreement	  	18
	22.	 	Costs and Expenses	  	18
	23.	 	Partial Invalidity; Waiver	  	18
	24.	 	Amendments	  	18
	25.	 	Notices and Their Language	  	19
	26.	 	Applicable Law; Jurisdiction	  	19

 THIS SECURITY TRANSFER AGREEMENT (the Agreement) is made originally on 29 January 2007,
as amended and restated by a supplemental agreement dated 4 February 2010 
 BETWEEN: 

 

	(1)	KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having
its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902

 (the Transferor); and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am
Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent). 

The Transferor and the Security Agent are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to demand
performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Transferor enters into this Agreement.

  

	(D)	The other Finance Parties (as defined below) have appointed the Security Agent to act as their security trustee under German law (Treuhänder) pursuant to
and in accordance with the Security Trust Agreement (as defined below) in relation to the security provided hereunder. 

 IT IS
AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

 

 1 

 Acquisition means 

 

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

  

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

 

 2 

 Add-On Facility Lender means: 

 

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 Antenna Device means an antenna device consisting of a parabolic antenna dish, pole, with or without
heating system, and all active devices connected thereto, in particular, but not limited to, electronic receiving/transmitting devices and intermediate frequency transmitters (Zwischenfrequenzverteiler) that is installed at any of the Antenna
Device Security Locations whereby an Antenna Device installed at the location referred to in (b) of the definition of Antenna Device Security Location with a diameter of 9.4 metres shall not include the concrete socket on which such Antenna
Device has been built upon. 
 Antenna Device Security Locations means any of 

 

	 	(a)	the roof of the building at the premise located at Breitlacherstraße 96, 60489 Frankfurt a.M., Germany; and 

 

	 	(b)	the backyard of the building located at the premise at Breitlacherstraße 96, 60489 Frankfurt a.M., Germany within a fenced area. 

BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

 

 3 

 Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Commitment Letter means the commitment letter dated on or about the date of the
Credit Agreement between the Mandated Lead Arrangers, the Original Lenders, KDG and KDVS. 
 Compliance Certificate means
any compliance certificate issued or to be issued by any Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 DTAG
means Deutsche Telekom Aktiengesellschaft. 
 Effective Date means 12 May 2006 and its occurrence was confirmed
by a letter of Deutsch Bank AG, London Branch of 15 May 2006 which is attached to this Agreement as Schedule 3. 

Eligible Terms means, in respect of any Additional Facility: 

 

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

 4 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all relevant Security
Documents (whether through execution of new documents or amendment to existing documents) or (in each case) to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant Security Documents
means Security Documents comprising the same assets and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place
(with the proceeds of enforcement of all Security Documents subject to the sharing provisions of the Priority Agreement). 

Escaline means Escaline S.à r.l., a limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy, Luxembourg and being registered with the Luxembourg trade register under registration number B 111 789.

 Euro, euro, EUR or € means the single European currency introduced 1 January 1999. 

Excluded Rack means any installation and storage system for electronic equipment with 19” width and/or any other width that is

  

	 	(a)	located within a metal cage located in a Rack Security Location and being marked with a label indicating that any devices installed within such cage are owned by third
parties other than the Transferor; or 

  

	 	(b)	marked with a label “Carrier Equipment”. 

Existing Facility means the €2,600,000,000 facilities made available under an amended and restated credit agreement originally
dated 29 March 2004 between, amongst others, KDVS as borrower and Deutsche Bank AG as facility agent. 
 Existing
Security Transfer Agreement means the security transfer agreement originally dated 12 May 2006, as amended and restated by a supplemental agreement in relation to certain German security documents dated 4 February 2010 and made between
KDVS as transferor and the Security Agent as transferee pursuant to which certain assets have been transferred to create Security for the Secured Claims. 

External Facility means any credit agreement which has Eligible Terms. 

Event of Default means an event of default under any of the Finance Documents, which entitles the Facility Agent to declare that
all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankurt, a public limited company, having its registered office
at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at:
Junghofstrasse 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

 

 5 

 Facility A is a term loan facility made available under the terms of the Credit
Agreement. 
 Facility A1 means the English law governed up to EUR 1,150,000,000 term loan facility made or to be
made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility C1 means the English law
governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C. 

Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative Parties and an
Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 
 Finance
Document means: 
  

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Security Asset means any and all asset of the same kind as those specified in Clause 2.1 which will be located in the
Security Location and/or on the third floor of the building located at Breitlacherstraße 96, 60486 Frankfurt a.M., Germany after the date of this Agreement. 

 

 6 

 Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 KDG means Kabel
Deutschland GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the
Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 

KDG Merger means a merger (whether by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG.

 KDVS means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership
(Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRA 83902. 
 Lender means: 

 

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

 7 

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each of the
entities listed in Schedule 4 Part 2 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Lender, and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 4 Part 1 of this Agreement. 

Original Transferred Assets shall have the meaning ascribed to that term in Clause 2.1 below. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 
 Permitted Acquisition means any one or more acquisitions by KDVS, and following the effectiveness of the
KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned 
  

 8 

 
Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership interests in a limited liability company or limited liability partnership or of any
existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally in the Core Business in Germany provided
that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions since the date of the Credit Agreement, Euro 800,000,000. 

Playout Centre Security Location means the premise shown on the map attached hereto as Schedule 1 and being highlighted with a blue
border. 
 Present Security Asset has the meaning given to that term in Clause 2.1 below. 

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a
supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others,
KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Rack means a
standardised installation and storage system for electronic equipment with 19” width, except for any Excluded Rack. 

Rack Security Locations means any of 
  

	 	(a)	the third floor of the building located at the premise at Breitlacherstraße 96, 60486 Frankfurt a.M., Germany; and 

 

	 	(b)	the fourth floor of the building located at the premise at Breitlacherstraße 96, 60486 Frankfurt a.M., Germany. 

Release Agreement means the release agreement dated 28 April 2006 made between KDG and KDVS as released parties, Deutsche Bank
AG London as releasing party and the Security Agent in relation to the release of certain security interests constituted under accessory and non-accessory security granted in connection with the Existing Facility. 

Request means any request for the draw down of any credit facility under the Credit Agreement by any Obligor. 

Secured Claims means all present and future rights and claims (Ansprüche) (whether actual or contingent and whether
owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including,
without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection,
preservation or enforcement of their respective rights under the Finance Documents. 
 Security Asset means a Present
Security Asset and a Future Security Asset. 
 Security means any and all security granted to secure the Secured Claims.

 Security Document means any document evidencing or creating security over any asset of any Obligor to secure any
obligation of any Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

 

 9 

 Security Location means any of 

 

	 	(a)	the Antenna Device Security Locations; 

  

	 	(b)	the Playout Centre Security Location; and 

  

	 	(c)	the Rack Security Locations. 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter alia, the
Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Service Level Agreement shall have the meaning ascribed to that term in the Credit Agreement. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substation agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel, Switzerland)
the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt Holding GmbH
as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the Substitution Agreement).

 Underwriter means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

 10 

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Finance Parties unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	 	(f)	Unless otherwise defined herein or unless the context otherwise requires, terms defined or referred to in the Credit Agreement shall have the same meaning when used
herein. 

  

	1.3	Release Agreement and Existing Security Transfer Agreement 

The Release Agreement and the Existing Security Transfer Agreement remain unaffected from any agreements under and in connection with this
Agreement. 
  

	2.	TRANSFER OF SECURITY ASSETS 

  

	2.1	The Transferor hereby represents and warrants that it has either full title (Eigentum), or title in the form of co-ownership (Miteigentum) or inchoate
rights (Anwartschaftsrecht), in the assets referred to in Clause 2.1(a) to 2.1(d) (each inclusive) below (each a Present Security Asset and collectively the Present Security Assets): 

 

	 	(a)	all of the following assets situated in the Rack Security Location: 

  

	 	(i)	all Racks; 

  

	 	(ii)	all electronic devices installed or stored in Racks; and 

  

	 	(iii)	all cables connecting the devices set out in Clause 2.1(a)(i) and 2.1(a)(ii) with each other; 

 

 11 

	 	(b)	any Antenna Device; 

  

	 	(c)	all coaxial cables and optical transmission systems (optical fibre and related optical nodes and other related equipment) connecting electronic devices as set out under
Clause 2.1(a)(ii) above and Antenna Devices as set out in Clause 2.1(b) above; and 

  

	 	(d)	all assets situated in the Playout Centre Security Location. 

  

	2.2	The Transferor hereby transfers full title (Eigentum) in any and all Security Assets to the Security Agent and title in such Security Asset shall pass in
accordance with Clause 2.4 to 2.6 below. 

  

	2.3	To the extent that the Transferor holds, or will in future hold, title in the form of co-ownership (Miteigentum) in respect of the Security Assets or part
thereof, it herewith transfers such ownership rights to the Security Agent. Additionally, the Transferor transfers and assigns to the Security Agent all inchoate rights (Anwartschaftsrechte) it holds, or will hold in future, in respect of the
Security Assets. 

  

	2.4	In relation to the Security Assets referred to under Clause 2.1(d), any ownership rights (Eigentum), co-ownership rights (Miteigentum) or inchoate rights
(Anwartschaftsrechte) in respect of assets brought to the Playout Centre Security Location in future after the date of this Agreement will be automatically transferred to the Security Agent at the time such assets are actually brought to the
Playout Centre Security Location. 

  

	2.5	In relation to any assets referred to under Clause 2.1(a) to 2.1(c) (each inclusive) above, any ownership rights (Eigentum), co-ownership rights
(Miteigentum) or inchoate rights (Anwartschaftsrechte) in respect of such assets brought to the Antenna Device Security Location and/or the Rack Security Location in future after the date of this Agreement will be automatically
transferred to the Security Agent at the time such assets are actually brought to the Antenna Device Security Location and/or the Rack Security Location. 

  

	2.6	The Security Agent accepts such transfers and assignments. 

  

	3.	SUBSTITUTION FOR DELIVERY 

  

	3.1	As a substitute for the delivery of all Security Assets to the Security Agent, the Transferor and the Security Agent (as indirect possessor (mittelbarer
Besitzer)) herewith agree that the Transferor will hold the Security Assets for the Security Agent as lessee free of charge (Leihe). 

  

	3.2	To the extent that third parties obtain actual possession (unmittelbarer Besitz) of the Security Assets, the Transferor hereby transfers and assigns to the
Security Agent any existing or future claims it may have for the surrender of the Security Assets. The Security Agent accepts such assignments. 

  

	4.	AGREEMENT ON TRANSFER OF TITLE 

  

	4.1	The Parties are in agreement that any and all asset which is of the same kind as those specified in Clause 2.1 (a) to (e) (each inclusive) above and located
in any Security Location but that has neither been transferred pursuant to the terms of this Agreement shall constitute security property (Sicherungseigentum) of the Security Agent as of the date of execution of and entering into this
Agreement. 

  

	4.2	As a substitute for the delivery of such assets referred to in Clause 4.1 above to the Security Agent, the Transferor and the Security Agent (as indirect possessor
(mittelbarer Besitzer)) herewith agree that the Transferor will hold such assets referred to in Clause 4.1 above for the Security Agent as lessee free of charge (Leihe). 

 

 12 

	4.3	To the extent that third parties obtain actual possession (unmittelbarer Besitz) of such assets referred to in Clause 4.1 above, the Transferor hereby transfers
and assigns to the Security Agent any existing or future claims it may have for the surrender of such assets. The Security Agent accepts such assignments. 

 

	5.	SECURITY PURPOSE 

 The
Security Assets shall serve as collateral to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	6.	IDENTIFICATION OF ASSETS 

  

	6.1	The Transferor shall provide the Security Agent on no later than the fifth Business Day following the end of a calendar quarter for that calendar quarter, or at shorter
intervals if so requested by the Security Agent in order to permit the safeguarding of its legitimate interests, with a list of those assets which have become Security Assets during that calendar quarter. 

 

	6.2	The Transferor shall have the right to deliver the relevant lists on a readable and compatible disk. The Security Agent may contact the Transferor from time to time
with a view to agreeing the necessary details. 

  

	6.3	For the avoidance of doubt, the Security Agent shall also be entitled to any and all Security Assets if for any reason whatsoever such Security Assets are not, or are
incompletely contained in any of the lists provided to the Security Agent pursuant to Clause 6.1 above. 

  

	6.4	If the Transferor employs a third party for its bookkeeping and/or data-processing, the Transferor hereby irrevocably authorises the Security Agent to obtain the lists
of Security Assets provided pursuant to Clause 6.1 above directly from such third party at the Transferor’s expense. The Transferor hereby undertakes to instruct the third party to provide the Security Agent upon the Security Agent’s
demand with such information and documents as the Security Agent requests. 

  

	7.	LOCATION OF SECURITY ASSETS 

  

	7.1	The Transferor is obliged to keep the Security Assets in any of the Security Locations. The Transferor shall deal carefully with the Security Assets and shall give due
regard to all necessary care and maintenance of the Security Assets at its own expense. 

  

	7.2	The Security Agent has the right to mark the Security Assets as its property. The Transferor shall keep accurate records of the Security Assets transferred and assigned
to the Security Agent. 

  

	7.3	A removal of Security Assets from any of the Security Locations or a disposal of Security Assets, other than removals or disposals in the ordinary course of business,
are only allowed with the prior written consent of the Security Agent. 

  

	7.4	The Transferor undertakes with respect to the Security Locations that have been rented by it under rental agreements (each a Rental Agreement):

  

	 	(a)	to submit to the Security Agent at the date hereof a current copy of each Rental Agreement which entitles the Transferor to use the Security Location (or part thereof);

  

	 	(b)	to notify the Security Agent promptly of any amendments to a Rental Agreement; 

 

	 	(c)	to notify the Security Agent promptly of the non-payment of any rent due and payable under a Rental Agreement; and 

 

 13 

	 	(d)	to inform the lessor under a Rental Agreement in writing of the fact that the Security Assets have been transferred for security purposes to the Security Agent.

  

	7.5	The Security Agent is entitled, but not obliged, to make any payment due and payable under a Rental Agreement to the relevant lessor on behalf and at the expense of the
Transferor. 

  

	7.6	The Transferor undertakes to inform the Security Agent promptly about any asset of the same kind as those specified in Clause 2.1 (a) to (e) (each inclusive)
above and brought in the Antenna Device Security Location but not owned by the Transferor but by any third party in a substance and manner satisfactory to the Security Agent and to agree to any supplement and/or amendment to this Agreement the
Security Agent may think expedient or necessary due to such instalment of such assets. 

  

	8.	RIGHTS OF THE SECURITY AGENT TO EXAMINE THE SECURITY LOCATIONS 

  

	8.1	The Security Agent or any representative of its choice is entitled to inspect the Security Assets, the Security Locations and any documentation or records concerning
the Security Assets on reasonable notice and during normal business hours. The Transferor shall provide all necessary information and allow access to the relevant books and documentation and any of the Security Locations respectively.

  

	8.2	If the Security Assets are possessed by a third party, such third party shall be instructed by the Transferor to allow access to the Security Assets by the Security
Agent. 

  

	9.	RESERVATION OF TITLE 

 The
Transferor shall extinguish any reservation of title arising during the normal course of business by settling the purchase price when due for the Security Assets affected by such reservation of title. The Security Agent is entitled but not obliged
to make such payments on behalf of the Transferor, in which case title to such Security Assets shall pass from any holder of such reservation of title directly to the Security Agent. 

 

	10.	TAKING POSSESSION BY THE SECURITY AGENT 

The Security Agent is entitled to recover the Security Assets upon the occurrence of an Event of Default which is continuing. 

 

	11.	ENFORCEMENT AND REALISATION 

  

	11.1	If (i) an Event of Default has occurred, (ii) the Facility Agent has declared all amounts payable under the Finance Documents immediately due and payable and
(iii) the Event of Default has not been remedied within 5 (five) Business Days after the Facility Agent has declared all amounts payable under the Finance Documents immediately due and payable. 

 

	11.2	The Security Agent will notify the Transferor of its intention to realise the Security Assets by giving 5 (five) Business Days’ notice. Such notice period is not
necessary if the Borrower has generally ceased to make payments or the commencement of insolvency proceedings has been filed against the Borrower. 

  

	11.3	The Security Agent is entitled to sell the Security Assets by way of private sale or private auction on its own account or on behalf of the Transferor. The Security
Agent will take into consideration the legitimate interests of the Transferor. The Security Agent is also entitled to demand from the Transferor, that the Transferor realises the Security Assets in the best way possible or helps with the
realisation. In that event the Transferor is obliged to transfer promptly all proceeds resulting from such realisation to the Security Agent. 

  

 14 

	11.4	After the realisation of the Security Assets the Security Agent will employ the proceeds, in accordance with the provisions of the Priority Agreement, to cover the
Secured Claims. If the proceeds of the realisation are subject to turnover tax, the Security Agent will submit a credit note to the Transferor to the effect that such credit note is to be seen as an invoice for the delivery of goods. It shall in any
event meet the requirements of German turnover tax law. 

  

	11.5	The Security Agent may determine which of several securities, if applicable, shall be used to satisfy the Secured Claims. The proceeds resulting from the enforcement
will be distributed by the Security Agent in accordance with the relevant provisions of the Security Trust Agreement. 

  

	12.	UNDERTAKINGS 

  

	12.1	The Transferor undertakes: 

  

	 	(a)	to re-execute the transfer for security purposes of any of the Security Assets which has not been validly transferred hereunder or the transfer of which turns out to be
invalid or unenforceable; and 

  

	 	(b)	to transfer any assets which should have been transferred for security purposes to the Security Agent under any of the Security Documents but which, for whatever
reason, have not been validly transferred to the Security Agent. 

  

	12.2	The Transferor and the Security Agent agree that any Security Asset, or any other asset which should have been transferred to the Security Agent for security purposes,
which has not been validly transferred to the Security Agent, shall be treated as between the Transferor and the Security Agent as if it had been validly transferred for security purposes to the Security Agent, and shall be forthwith held on trust
by the Transferor for the benefit of the Security Agent. 

  

	13.	FURTHER UNDERTAKINGS 

 The
Transferor undertakes: 
  

	 	(a)	to accurately label the steel cages containing any Excluded Racks. 

  

	 	(b)	to accurately label the Excluded Racks. 

  

	 	(c)	to inform the Security Agent promptly of any subsequent material adverse changes in the value of any of the Security Assets taken as a whole; 

 

	 	(d)	to inform the Security Agent promptly of any subsequent changes to the Security Location; 

 

	 	(e)	to provide the Security Agent promptly at its request with all information and documents it may reasonably require in relation to the Security Assets taken as a whole;

  

	 	(f)	to notify the Security Agent promptly of any event or circumstance other than interpretation of laws which affects or is reasonably likely to affect the validity or
enforceability of this Agreement; 

  

	 	(g)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

 15 

	 	(ii)	if the Security granted hereunder has become enforceable, for facilitating the realisation of all or any part of the assets which are subject to this Agreement and the
exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to execute
all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; and 

 

	 	(h)	to refrain from any acts or omissions which might damage or result in a loss of the Security Assets. 

 

	14.	REPRESENTATIONS AND WARRANTIES 

The Transferor represents and warrants to the Security Agent that the specification of the premise set out in Schedule 1 hereof is a
complete and accurate specification of the premise where the monitoring unit of the digital playout centre of the Transferor is located; 
  

	15.	INSURANCE OF THE SECURITY ASSETS 

  

	15.1	Obligation to insure 

 The
Transferor undertakes at its own expense to keep the Security Assets insured in accordance with the Credit Agreement. 
  

	15.2	Assignment 

 The
Transferor hereby assigns any and all rights and claims under the present and future insurances (other than liability insurance claims (Haftpflichtversicherungsansprüche)) regarding the Security Assets. The Transferor undertakes to
notify the relevant insurer(s) of the assignment of the insurance claims concerning the Security Assets constituted in connection with and pursuant to the respective Finance Documents and to provide the Security Agent with a copy of such
notification letter and the requested return receipt. Notwithstanding such assignment the Transferor will continue to be obliged under the respective insurance contracts with the proviso that the Transferor is not entitled to terminate any of the
insurance contracts without the prior written consent of the Security Agent unless the policy replacing the terminated policy is made subject to the provisions contained in this Clause 15. Insofar as additional declarations and actions are necessary
for the assignment of the insurance claims the Transferor shall, at the Security Agent’s request, make such additional declarations or undertake such actions. 
  

	15.3	Insurance Policy 

 The
Transferor undertakes to require the insurer(s) to issue, and submit to the Security Agent, at the Transferor’s expense, a certificate of insurance (Sicherungsschein and Sicherungsbestätigung, as the case may be) for the
benefit of the Security Agent together with the premium receipts or other evidence of the payment thereof. 
 To the extent the
Transferor is not, or not sufficiently, insured, the Security Agent has the right to insure the Security Assets at their full value from time to time at the Transferor’s expense. 

 

 16 

	16.	THIRD PARTY RIGHTS 

 If
and to the extent that there exists, in relation to the Security Assets, a pledge by law (gesetzliches Pfandrecht) in favour of any third party, the Transferor shall, at the Security Agent’s reasonable request, promptly provide that all
sums properly due to such third party have been duly paid. The Security Agent shall be entitled to make such payments if and to the extent that the Transferor does not provide promptly such evidence. 

 

	17.	RELEASE OF SECURITY 

  

	17.1	Release 

 After the full
and complete satisfaction of all Secured Claims, the Security Agent shall promptly, at the cost and expense of the Transferor, retransfer to the Transferor the Security Assets and surrender the excess proceeds, if any, resulting from any realisation
of the Security Assets or part thereof. The Security Agent will, however, transfer any Security Assets to a third party to the extent that it is obliged to do so. 

Even prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the
Transferor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily,
the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released. 
  

	18.	INDEMNITY 

  

	18.1	Liability for Damages 

The Security Agent shall not be liable for any loss or damage suffered by the Transferor save in respect of such loss or damage which is
suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	18.2	Indemnification 

 The
Transferor will indemnify the Security Agent and the other Finance Parties and keep the Security Agent and each of the other Finance Parties indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by
or made against the Security Agent of any of the other Finance Parties as a result of any breach of the Transferor of any of its obligations or undertakings herein except to the extent that such losses, actions, claims, expenses, demands or
liabilities have resulted from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Finance Parties or the Security Agent. 

 

	18.3	This Clause 18 shall survive the termination of this Agreement under Clause 20 or otherwise. 

 

	19.	SUCCESSORS 

 This
Agreement shall be binding upon the Parties hereto and their respective successors in law. The Security Agent shall be entitled to assign or otherwise transfer any and all of its rights and duties under this Agreement to third parties. The
Transferor is not entitled to any such transfer without the prior written consent of the Security Agent. 
  

 17 

	20.	DURATION AND INDEPENDENCE 

  

	20.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete payment and discharge of the Secured Claims. This Agreement shall not cease to exist, if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	20.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever to any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	20.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or or any of the other Finance Parties with respect to any obligation of any of the Borrower under the Finance Documents.
None of such other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 
  

	21.	THE SECURITY TRUST AGREEMENT 

The provisions of the Security Trust Agreement shall apply to this Agreement provided that in the event of any conflict between the
provisions of this Agreement and the provisions of the Security Trust Agreement, the provisions of this Agreement shall prevail. 
  

	22.	COSTS AND EXPENSES 

 The
Transferor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document.

  

	23.	PARTIAL INVALIDITY; WAIVER 

  

	23.1	Invalidity 

 If any
provision of this Agreement or any part therof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which best
meets the intent of the replaced provision. 
  

	23.2	Waiver 

 No failure to
exercise, nor any delay in exercising, on the part of the Security Agent, any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof
or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by law. 
  

	24.	AMENDMENTS 

 Changes and
amendments to this Agreement, including this Clause 24 shall be made in writing. 
  

 18 

	25.	NOTICES AND THEIR LANGUAGE 

  

	25.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Transferor or the Security Agent shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number of the party, and
for the attention of the individual, set forth Schedule 7 or such other address or facsimile number as is notified from time to time. 
  

	25.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 
  

	26.	APPLICABLE LAW; JURISDICTION 

  

	26.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

	26.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement) for both parties shall be Frankfurt am Main, Germany. The Security Agent, however, shall also be entitled to take legal action against
the Transferor before any other competent court of law having jurisdiction over the Transferor or any of its assets. 
  

 19 

 SCHEDULE 4 

AMENDED AND RESTATED FORM OF THE SECURITY TRUST AGREEMENT 

 SECURITY TRUST AGREEMENT 

ORIGINALLY DATED 12 MAY 2006 

AS AMENDED AND RESTATED BY A SUPPLEMENTAL AGREEMENT DATED 4 FEBRUARY 

2010 

between 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

and 

THE SECURITY GRANTORS 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	 	Page
			
	 1.
 2.

3.
 4.

5.
 6.

7.
 8.

9.
 10.

11.
 12.

13.
 14.
	 	 Interpretation
 Appointment as
Trustee and Administrator
 Purpose of the German Security

Power of Attorney
 Successors

Duration
 Realisation

Liability and Indemnification
 New
Parties
 Partial Invalidity, Waiver

Amendments
 Notices and their
Languages
 Applicable Law; Jurisdiction

Application of the Priority Agreement
	 	1
 10

11
 11

12
 12

12
 12

13
 13

13
 13

14

14

 THIS SECURITY TRUST AGREEMENT (the Agreement) is made originally on 12 May 2006, as amended and
restated by a supplemental agreement dated 4 February 2010 
 BETWEEN: 

 

	(1)	THE ROYAL BANK OF SCOTLAND PLC, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under
the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am Main, Germany, and being registered
with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

 (the
Security Agent); 
  

	(2)	the other FINANCE PARTIES as defined under Clause 1.1 (Definitions) below; and 

 

	(3)	the SECURITY GRANTORS as defined under Clause 1.1 (Definitions) below. 

The Beneficiaries (as defined below) and the Security Grantors (as defined below) are hereinafter collectively referred to as the
Parties. 
 WHEREAS 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to demand
performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Security Grantors (as defined below) enter into
this Agreement. 

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

 

 1 

 Acquisition means 

 

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

  

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

 2 

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 Beneficiary means a Finance Party. 

BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Commitment Letter means the commitment letter dated on or about the date of the
Credit Agreement between the Mandated Lead Arrangers, the Original Lenders, KDG and KDVS. 
 Compliance Certificate means
any compliance certificate issued or to be issued by any Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

 

 3 

 Core Business means: 

 

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Eligible
Terms means, in respect of any Additional Facility: 
  

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all relevant Security
Documents (whether through execution of new documents or amendment to existing documents) or (in each case) to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant Security Documents
means Security Documents comprising the same assets and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place
(with the proceeds of enforcement of all Security Documents subject to the sharing provisions of the Priority Agreement). 

  

 4 

 Escaline means Escaline S.à r.l., a limited liability company
(société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy, Luxembourg and being registered with the
Luxembourg trade register under registration number B 111 789. 
 Euro, euro, EUR or € means the single
European currency introduced 1 January 1999. 
 Existing Pledge Agreement means the account pledge agreement dated
12 May 2006 between, amongst others, the Pledgor and the Security Agent and others as pledgees. 
 External Facility
means any credit agreement which has Eligible Terms. 
 Event of Default means an event of default under any of the
Finance Documents, which entitles the Facility Agent to declare that all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankurt, a public limited company, having its registered office
at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at:
Junghofstrasse 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

Facility A1 means the English law governed up to EUR 1,150,000,000 term loan facility made or to be made available to KDVS
and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility C1 means the English law
governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C. 

Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative Parties and an
Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 
 Finance
Document means: 
  

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

 5 

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

German Security means the Security created under the German Security Documents. 

German Security Documents means each of the documents listed in Schedule 5 and any other security document granting security to the
Beneficiaries and/or the Security Agent which is subject to German law. 
 Germany means the Federal Republic of Germany.

 Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

 6 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 KDG means Kabel
Deutschland GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the
Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 

KDG Merger means a merger (whether by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG.

 KDVS means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership
(Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRA 83902. 
 Lender means: 

 

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each of the
entities listed in Schedule 6 Part 2 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

 7 

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Lender, and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(i)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(d)	The Royal Bank of Scotland plc; 

  

	 	(e)	BNP Paribas S.A.; 

  

	 	(f)	Deutsche Bank AG, London; 

  

	 	(g)	HSBC Bank plc; 

  

	 	(h)	Calyon S.A.; and 

  

	 	(i)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 6 Part 1 of this Agreement. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 
 Permitted Acquisition means any one or more acquisitions by KDVS, and following the effectiveness of the
KDG Merger the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership interests in a limited liability company or limited liability
partnership or of any existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally in the Core Business
in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions since the date of the Credit Agreement, Euro 800,000,000.

 Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant
to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst
others, KDG and KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Request
means any request for the draw down of any credit facility under the Credit Agreement by any Obligor. 
  

 8 

 Secured Claims means all present and future rights and claims (Ansprüche)
(whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied, supplemented, novated
or extended from time to time, including, without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties (or any of them) in
connection with the protection, preservation or enforcement of their respective rights under the Finance Documents. 

Security means any and all security granted to secure the Secured Claims. 

Security Document means any document evidencing or creating security over any asset of any Obligor to secure any obligation of any
Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Grantor means the persons listed in Schedule 4 to this Agreement and any other person or entity granting German Security
from time to time and acceding to this Agreement as new security grantor. 
 Security Trust Agreement means the agreement
originally dated 12 May 2006, as amended and supplemented by a supplemental agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG, KDVS as security grantors, the
Security Agent and the other Finance Parties pursuant to which, inter alia, the Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substation agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel, Switzerland)
the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH

  

 9 

 
and ewt Holding GmbH as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by
KDVS as purchaser pursuant to the terms of the Substitution Agreement). 
 Underwriter means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Pledgees unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	 	(f)	Unless otherwise defined herein or unless the context otherwise requires, terms defined or referred to in the Credit Agreement shall have the same meaning when used
herein. 

  

	2.	APPOINTMENT AS TRUSTEE AND ADMINISTRATOR 

  

	2.1	Appointment 

 The Security
Agent shall: 
  

	 	(a)	hold and administer such German Security which is assigned or transferred by way of security (Sicherungsabtretung/Sicherungsübereignung) or otherwise
granted under a non-accessory security right (nicht akzessorische Sicherheit) as trustee (Treuhänder) for the benefit of the Beneficiaries; 

 

 10 

	 	(b)	administer such German Security which has been created by way of pledge (Verpfändung) or otherwise transferred under an accessory security right
(akzessorische Sicherheit) to the Security Agent and the Beneficiaries; and 

  

	 	(c)	act in relation to the German Security in accordance with the terms and subject to the conditions of this Agreement, the German Security Documents and the other Finance
Documents. 

  

	2.2	Ratification 

 Each
Beneficiary hereby ratifies and approves all acts done by the Security Agent on such Beneficiary’s behalf before execution hereof or the execution of the respective New Finance Party’s Accession Agreement (as hereinafter defined) by the
respective Beneficiary. 
  

	2.3	Construction 

 It is
hereby agreed that, in relation to any jurisdiction the courts of which would not recognise or give effect to the trust (Treuhandverhältnis) expressed to be created by this Agreement, the relationship of the Beneficiaries to the Security
Agent shall be construed as one of principal and agent but, to the extent permissible under the laws of such jurisdiction, all the other provisions of this Agreement shall have full force and effect between the parties hereto. 

 

	3.	PURPOSE OF THE GERMAN SECURITY 

The Security and the German Security has been granted with a view to provide collateral in order to secure the prompt and complete
satisfaction of any and all Secured Claims. 
  

	4.	POWER OF ATTORNEY 

  

	4.1	Authorisation 

 Each of
the Beneficiaries herewith irrevocably authorises and grants power of attorney to the Security Agent to: 
  

	 	(a)	execute for and on its behalf any and all German Security Documents and other agreements related to the German Security, including but not limited to any New Finance
Party’s Accession Agreement and any New Security Grantor’s Accession Agreement, and any amendment agreement to this Agreement; 

  

	 	(b)	(i) execute for and on its behalf any release agreement relating to (A) any or all of the German Security Documents and (B) an envisaged complete and full
re-payment and discharge of the Secured Claims; and 

  

	 	(ii)	to make and receive all declarations and statements which are necessary or desirable in connection with any of such release agreements; 

 

	 	(c)	make and receive all declarations and statements which the Security Agent deems necessary or desirable in connection with the German Security Documents or any of the
agreements and documents relating thereto which are necessary or desirable; and 

  

 11 

	 	(d)	take all other actions and measures which the Security Agent deems necessary or desirable in connection with this Agreement or any of the German Security Documents.

  

	4.2	Self-contracting 

 Each of
the Beneficiaries herewith also exempts the Security Agent from any restrictions under § 181 of the BGB. 
  

	4.3	Sub-power 

 The Security
Agent has the power to grant sub-power of attorney (including the release from the restrictions under § 181 of the BGB). 
  

	5.	SUCCESSORS 

 This
Agreement shall be binding upon the Parties hereto and their respective successors in law. The Parties shall be entitled to assign or otherwise transfer any and all of their rights and duties under this Agreement to third parties in accordance with
the relevant provisions of the Credit Agreement. 
  

	6.	DURATION 

 This Agreement
shall remain in full force and effect until the full and complete payment and discharge of the Secured Claims. This Agreement shall not cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	7.	REALISATION 

 The German
Security shall be realised, and any enforcement proceeds shall be distributed, in accordance with the relevant provisions of the Priority Agreement together with the relevant provisions of the German Security Documents. 

 

	8.	LIABILITY AND INDEMNIFICATION 

  

	8.1	Liability for Damages 

Neither the Security Agent nor any other Beneficiary shall be liable for any loss or damage suffered by any Security Grantor save in
respect of such loss or damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent or the respective Beneficiary. 

 

	8.2	Indemnification 

 The
Security Grantors will indemnify severally but not jointly the Security Agent and each of the Beneficiaries and keep the Security Agent and each of the Beneficiaries indemnified against any losses, actions, claims, expenses, demands and liabilities
which may be incurred by or made against the Security Agent or any of the Beneficiaries as a result of any breach of such Security Grantor of any of its obligations or undertakings contained herein except to the extent that such losses, actions,
claims, expenses, demands or liabilities have resulted from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent or the Beneficiaries. 

 

 12 

	9.	NEW PARTIES 

  

	9.1	New Finance Parties 

 If
any bank, trust, fund, financial institution or other entity (a New Finance Party) becomes party to a Finance Document as a Finance Party, then that New Finance Party shall execute and deliver an accession agreement substantially in the form
of Schedule 1 (New Finance Party’s Accession Agreement) hereto. The Security Agent shall execute the New Finance Party’s Accession Agreement for itself and on behalf of the other Beneficiaries. Each of the Security Grantors
herewith irrevocably consents to any New Finance Party’s Accession Agreement entered into in accordance with this Agreement. 
  

	9.2	New Security Grantors 

 If
any company (a New Security Grantor) becomes a party to a Finance Document as an additional provider of additional German Security then such New Security Grantor shall execute and deliver an Accession Agreement substantially in the form of
Schedule 2 (New Security Grantor’s Accession Agreement) hereto. The Security Agent shall execute the New Security Grantor’s Accession Agreement for itself and on behalf of the other Beneficiaries. 

 

	10.	PARTIAL INVALIDITY, WAIVER 

  

	10.1	Invalidity 

 If any
provision of this Agreement or part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which best
meets the intent of the replaced provision. This shall apply analogously in the case of gaps. 
  

	10.2	Waivers and remedies cumulative 

No failure to exercise, nor any delay in exercising, on the part of the Security Agent or any of the other Finance Parties, any right or
remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided
hereunder are cumulative and not exclusive of any rights or remedies provided by law. 
  

	11.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 11 shall be made in writing. 
  

	12.	NOTICES AND THEIR LANGUAGES 

  

	12.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Beneficiaries or the Security Agent shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number of the party,
and for the attention of the individual, applying for the purposes of this Agreement, as set forth in Schedule 5 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time.

  

 13 

	12.2	Language 

 Unless
otherwise required by statutory German law or unless otherwise agreed in writing from time to time, ay notice or other communication under or in connection with this Agreement shall be the English language or, if in any other language, accompanied
by a translation into English. In the event of any conflict between the English text and the text in any other language, the English text shall prevail (unless the document is a statutory or other official document), except that where a German
translation of a legal term appears in such text, the German translation shall prevail. 
  

	13.	APPLICABLE LAW; JURISDICTION 

  

	13.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) is governed by and shall be construed in accordance with the laws of Germany. 

 

	13.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement) for all Parties shall be Frankfurt am Main, Germany. The Security Agent and/or any other Beneficiaries, however, shall also be entitled
to take legal action against any of the Security Grantors before any other competent court of law having jurisdiction over such Security Grantor or any of its assets. 
  

	14.	APPLICATION OF THE PRIORITY AGREEMENT 

In addition, the provisions of the Existing Priority Agreement and/or the Priority Agreement apply to the extent that they do not conflict
with the provisions of this Agreement, in which event the terms of this Agreement shall prevail. 
  

 14Number 9 of the Roll of Deeds for 2010

 Exhibit 4.21 

Number 9 of the Roll of Deeds for 2010 

 

 

 TRANSACTED 

in Frankfurt/Main on 4 February 2010 

Before me, the undersigned Notary 

Dr. Harald Jung 

with the official residence in 60325 Frankfurt/Main, 

Barckhausstraße 12-16 

appeared today in the offices of the law firm Allen & Overy LLP, Taunustor 2, 60311 Frankfurt/Main, where I had been rendered on the
request of the appeared parties: 
  

	1.	Mr. Stefan Kuhm, born 15 November 1974, resident Walter-Ziess-Ring 2, 61381 Friedrichsdorf v.d.H., personally known to the Notary,

 - the Deponent 1 – 

 

	2.	Mr. Dr. Jens Wilhelm Gölz, born 12 September 1978, resident Tierparkstraße 7, 64658 Fürth, personally know to the Notary,

 - the Deponent 2 – 

 

	3.	Mr. André Melchert, born 19 August 1982, resident Spohrstraße 5, 60318 Frankfurt/Main, personally know to the Notary,

 - the Deponent 3 – 

	4.	Ms. Karen Cellarius, born 10 July 1978, resident Eckertswiesen 67a, 69231 Rauenberg, personally know to the Notary, 

- the Deponent 4 – 
  

	5.	Mr. Dr. Oliver Lieth, born 15 June 1976, resident Edingerweg 23, 60320 Frankfurt am Main, personally known to the Notary,

 - the Deponent 5 – . 

The Deponent 1, the Deponent 2, the Deponent 3, the Deponent 4 and the Deponent 5 are hereinafter collectively referred to as the
“Deponents”. 
 The Deponent 1 declared that in the following he is not acting in his own name but, excluding any personal
liability, in the name and on behalf of 
  

	1.	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a company incorporated under the laws of Scotland having its registered office at 36 St. Andrew Square,
Edinburgh EH 2 2 YB, Scotland, and registered with the Company House of Edinburgh under number 90312, and registered as a branch in Frankfurt at HRB No. 49417 with offices in Junghofstrasse 22, 60311 Frankfurt am Main, Germany,

 acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary as
original and a certified copy of which is attached to this Deed as Appendix A. 1. 
  

	2.	GROSVENOR PLACE CLO II B.V., a private company with limited liability, incorporated under the laws of The Netherlands, having its business address at: Fred
Roeskestraat, 123, 1076 EE Amsterdam, The Netherlands, and being registered under registration number 34253804, 

acting based upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 2. 
  

	3.	GROSVENOR PLACE CLO III B.V., a private company with limited liability, incorporated under the laws of The Netherlands, having its business address at: Fred
Roeskestraat, 123, 1076 EE Amsterdam, The Netherlands, and being registered under registration number 34258148, 

acting based upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 3. 
  

	4.	CHEYNE CREDIT OPPORTUNITY CDO I B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business
address at: Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34.236.409 with tax identification number 8151.09.635, 

acting based upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 4. 
  

	5.	MIZUHO CORPORATE BANK, LTD. company, incorporated under the laws of Japan, with corporate address at 1-3-3 Marunouchi, Chiyoda-ku, Tokyo 100-8210, acting through
its registered London Branch in London, England, with address at Bracken House, One Friday Street, London EC4M 9JA and being registered under company registration number FC004234 and branch registration number BR002048, 

 acting based upon a written power of attorney dated 26 January 2010, which was
presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 5. 
  

	6.	CONFLUENT I LIMITED, a limited liability company, incorporated under the laws of Ireland having its business address at: 19-20 City Quay, Dublin 2, Ireland, and
being registered under registration number 407976, 

 acting based upon a written power of attorney dated
25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A .6. 
  

	7.	EUROCREDIT CDO I B.V., a limited liability company, incorporated under the laws of The Netherlands, having its business address at Parnassustoren, Lokatellikade
1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34118825, 

 acting based upon
a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 7. 

 

	8.	NOMURA INTERNATIONAL PLC, a public liability company, incorporated under the laws of England and Wales having its business address at: Nomura House, 1 St
Martin’s-le-Grand, London EC1A 4NP, United Kingdom, and being registered under registration number 01550505, 

acting based upon a written power of attorney dated 2 February 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 8 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	9.	EUROCREDIT CDO III B.V., a limited liability company, incorporated under the laws of The Netherlands, having its business address at Parnassustoren,
Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34174671, 

acting based upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 9. 
  

	10.	EUROCREDIT CDO IV B.V., a limited liability company, incorporated under the laws of The Netherlands, having its business address at Parnassustoren, Lokatellikade
1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34204757, 

 acting based upon
a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 10. 

 

	11.	EUROCREDIT CDO V PLC, a limited liability company, incorporated under the laws of Ireland, having its business address at 53, Merrion Square, Dublin 2, Ireland
and being registered under registration number 416483, 

 acting based upon a written power of attorney dated
25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 11. 
  

	12.	EUROCREDIT CDO VI PLC, a limited liability company, incorporated under the laws of Ireland, having its business address at 5th Floor, 75, St. Stephens Green,
Dublin 2, Ireland and being registered under registration number 426164, 

 acting based upon a written power of attorney dated 25 January 2010, which was
presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 12. 
  

	13.	EUROCREDIT CDO VII PLC, a limited liability company, incorporated under the laws of Ireland, having its business address at 5th Floor, 75, St. Stephens Green,
Dublin 2, Ireland and being registered under registration number 429454, 

 acting based upon a written power of
attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 13. 
  

	14.	EUROCREDIT CDO VIII LIMITED, a limited liability company, incorporated under the laws of Ireland, having its business address at 5th Floor, 75, St. Stephens
Green, Dublin 2, Ireland and being registered under registration number 443292, 

 acting based upon a written
power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 14. 

 

	15.	EUROCREDIT INVESTMENT FUND I PLC, a limited liability company, incorporated under the laws of Ireland, having its business address at 5th Floor, 75, St. Stephens
Green, Dublin 2, Ireland and being registered under registration number 418606, 

 acting based upon a written
power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 15. 

 

	16.	EUROCREDIT OPPORTUNITIES PARALLEL FUNDING I LIMITED, a limited liability company, incorporated under the laws of Ireland, having its business address at 53,
Merrion Square, Dublin 2, Ireland and being registered under registration number 4443155, 

 acting based upon a
written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 16. 

 

	17.	XELO II PLC, a company incorporated under the laws of Ireland having its business address at : AIB International Centre IFSC, Dublin 1, Ireland, and being
registered under registration number 3633801, 

 acting based upon a written power of attorney dated
25 January 2010 which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 17 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified
copy of the original power of attorney to this Deed. 
  

	18.	CADOGAN SQUARE CLO II B.V., a company incorporated under the laws of The Netherlands having its business address at: Parnassustoren, Lokatellikade 1, AZ
Amsterdam, The Netherlands and being registered under registration number 34241627, 

 acting based upon a written
power of attorney dated 25 January 2010 which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 18 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will
then attach a certified copy of the original power of attorney to this Deed. 
  

	19.	GILLESPIE CLO, PLC, a public limited company, incorporated under the laws of Ireland, having its business address at: 5 Harbour Master Place 1.F.S.C., Dublin,
Ireland, and being registered under registration number 417769, 

 acting based upon a written power of attorney
dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 19: 

	20.	ADAGIO III CLO PLC, a public company with limited liability, incorporated under the laws of Ireland having its business address at: 19-20 City Quay, Dublin 2,
Ireland, and being registered under registration number 417768, 

 acting based upon a written power of attorney
dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 20 
  

	21.	STICHTING PENSIOENFONDS ABP, a foundation incorporated under the laws of The Netherlands having its business address at: Oude Lindestraat 70, 6411 EJ Heerlen,
The Netherlands, and being registered under registration number 41074000, 

 acting based upon a written power of
attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 21. 
  

	22.	ADAGIO II CLO PLC, a public company with limited liability, incorporated under the laws of Ireland having its business address at: 19-20 City Quay, Dublin 2,
Ireland, and being registered under registration number 404053, 

 acting based upon a written power of attorney
dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 22. 
  

	23.	GOLDENTREE EUROPEAN FINANCING B.V., a private limited company, incorporated under the laws of The Netherlands having its business address at: Lokatellikade 1,
Parnassustoren, 1076 AZ, Amsterdam, and being registered under registration number 34251652, 

 acting based upon a
written power of attorney dated 3 February 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 23 the original of which the Deponent 1 has promised to submit subsequently to the notary,
who will then attach a certified copy of the original power of attorney to this Deed. 
  

	24.	METROPOLITAN LIFE INSURANCE COMPANY, a New York stock corporation, incorporated under the laws of New York, having its business address at: 10 Park Avenue,
Morristown, NJ 07962, 

 acting based upon a written power of attorney dated 25 January 2010 which was
presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 24 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of
attorney to this Deed. 
  

	25.	CITIBANK INTERNATIONAL PLC, a public limited company, incorporated under the laws of England having its business address at: Citigroup Centre, 33 Canada Square,
London E14 5LB, England, and being registered under registration number 1088249, 

 acting based upon a written
power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 25. 

 

	26.	HARVEST CLO II S.A., a “société anonyme” incorporated and existing under the laws of Luxembourg having its business address at: 1,
Allée Scheffer, L-2520 Luxembourg, and being registered under registration number B-106.360, 

 acting based
upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 26. 

	27.	HARVEST CLO I S.A., a “société anonyme” incorporated and existing under the laws of Luxembourg having its business address at: 1,
Allée Scheffer, L-2520 Luxembourg, and being registered under registration number B-93.786, 

 acting based
upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 27. 

 

	28.	RMF EURO CDO S.A., a “société anonyme” incorporated and existing under the laws of Luxembourg having its business address at: 1,
Allée Scheffer, L-2520 Luxembourg, and being registered under registration number B-86.365, 

 acting based
upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 28. 

 

	29.	HAMLET I LEVERAGED LOAN FUND B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business
address at: Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.217.005 with tax identification number 8141.38.019. 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 29. 
  

	30.	JUBILEE CDO II B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.171.442 with tax identification number 8106.84.652, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 30. 
  

	31.	JUBILEE CDO III B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.173.586 with tax identification number 8107.46.256, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 31. 
  

	32.	JUBILEE CDO IV B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.205.279 with tax identification number 8131.28.171, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 32. 
  

	33.	JUBILEE CDO VII B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.247.151 with tax identification number 8171.41.984, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 33. 

	34.	JUBILEE CDO IX B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.302.179 with tax identification number 8194.29.703, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 34. 
  

	35.	WOOD STREET CLO 1 B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.219.800 with tax identification number 8142.21.099, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 35. 
  

	36.	WOOD STREET CLO II B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.236.876 with tax identification number 8150.67.495, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 36. 
  

	37.	WOOD STREET CLO III B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Locatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.242.569 with tax identification number 8153.86.278, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 37. 
  

	38.	WOOD STREET CLO IV B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Locatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.254.233 with tax identification number 8171.41.765, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 38. 
  

	39.	WOOD STREET CLO V B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Locatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.268.560 with tax identification number 8176.80.093, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 39. 
  

	40.	WOOD STREET CLO VI B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Locatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.270.809 with tax identification number 8178.17.645, 

 acting based upon a written power of attorney dated 25 January 2010 which was presented
to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 40. 
  

	41.	INSTITUTIONAL LOANS EUROPE PLC, a single purpose vehicle, incorporated under the laws of Ireland, having its business address at: One Custom House Plaza,
International Financial Services Centre, Dublin 1, Ireland and being registered under registration number 408811, 

acting based upon a written power of attorney dated 26 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 41. 
  

	42.	UNIVERSAL CREDIT SA, acting in respect of its compartment U, a single purpose vehicle, incorporated under the laws of Luxembourg having its business address at:
5 Allée Scheffer Luxembourg, L-2520 Luxembourg, and being registered under registration number B-142879, 

acting based upon a written power of attorney dated 26 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 42. 
  

	43.	UNIVERSAL CREDIT SA, acting in respect of its compartment A, a single purpose vehicle, incorporated under the laws of Luxembourg having its business address at:
5 Allée Scheffer Luxembourg, L-2520 Luxembourg, and being registered under registration number B-142879, 

acting based upon a written power of attorney dated 26 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 43. 
  

	44.	QUEEN STREET CLO I B.V., a private limited liability entity, incorporated under the laws of The Netherlands having its business address at: Parnassustoren,
Locatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.258.119 with tax identification number 8171.88.927, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 44. 
  

	45.	QUEEN STREET CLO II B.V., a private limited liability entity, incorporated under the laws of The Netherlands having its business address at: Parnassustoren,
Locatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.265.981 with tax identification number 8175.81.923, 

acting based upon a written power of attorney dated 25 January 2010 which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 45. 
  

	46.	OCI EURO FUND I, B.V., a Netherlands B.V., incorporated under the laws of The Netherlands, having its business address at: St. James House 23 King Street London
SW1Y 6QY, and being registered under registration number BV1369609, 

 acting based upon a written power of
attorney dated 26 January 2010 which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 46 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then
attach a certified copy of the original power of attorney to this Deed. 
  

	47.	MAGI FUNDING I, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland,
and being registered under registration number 401123, 

 acting based upon a written power of attorney dated
25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 47. 

	48.	AQUILAE CLO I PLC, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1,
Ireland, and being registered under registration number 375620, 

 acting based upon a written power of attorney
dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 48. 
  

	49.	GROSVENOR PLACE CLO I B.V., a private company with limited liability, incorporated under the laws of The Netherlands, having its business address at: Fred
Roeskestraat, 123, 1076 EE Amsterdam, The Netherlands, and being registered under registration number 34235254, 

acting based upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 49. 
  

	50.	UBS LIMITED, a company limited by shares incorporated in Great Britain under the Companies Act 1985, registered in England and Wales with number 2035362 and
having its principle place of business at: 1 Finsbury Avenue, London, EC2M 2PP in the United Kingdom of Great Britain and Northern Ireland, 

acting based upon a written power of attorney dated 26 January 2010 which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 50 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	51.	OAK HILL EUROPEAN CREDIT PARTNERS I, PLC a public limited company, incorporated under the laws of Ireland having its business address at: 5 Habourmaster Place,
International Financial Services Centre, Dublin 1, Ireland, and being registered under registration number 408214, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 51. 
  

	52.	GOLDMAN SACHS CREDIT PARTNERS L.P., a limited partnership established under the laws of Bermuda having its business address at 85 Broad Street, New York, New
York, 10004, 

 acting based upon a written power of attorney dated 26 January 2010, which was presented to
the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 52 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney
to this Deed. 
  

	53.	THESEUS EUROPEAN CLO S.A., a public limited liability company, incorporated under the laws of Luxembourg having its business address at: 1 Allée Scheffer,
L-2520, Luxembourg, and being registered under registration number B111.975, 

 acting based upon a written power
of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 53. 
  

	54.	PETRUSSE EUROPEAN CLO S.A., a public limited liability company, incorporated under the laws of Luxembourg having its business address at: 1 Allée
Scheffer, L-2520, Luxembourg, and being registered under registration number B100.018, 

 acting based upon a
written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 54. 

	55.	MOSELLE CLO S.A., a public limited liability company, incorporated under the laws of Luxembourg having its business address at: 1 Allée Scheffer, L-2520,
Luxembourg, and being registered under registration number B100.966, 

 acting based upon a written power of
attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 55. 
  

	56.	AXIUS EUROPEAN CLO S. A., a public limited liability company, incorporated under the laws of Luxembourg having its business address at: 1 Allée Scheffer,
L-2520, Luxembourg, and being registered under registration number B110.995, 

 acting based upon a written power
of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 56. 
  

	57.	ALZETTE EUROPEAN CLO S.A., a public limited liability company, incorporated under the laws of Luxembourg having its business address at: 1 Allée Scheffer,
L-2520, Luxembourg, and being registered under registration number B101.870, 

 acting based upon a written power
of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 57. 
  

	58.	LEVERAGED FINANCE EUROPE CAPITAL I B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at:
Locatellikade 1, 1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34159456, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 58 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	59.	LEVERAGED FINANCE EUROPE CAPITAL II B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at:
Locatellikade 1, 1076 AZ Amsterdam, The Netherlands, and being registered under registration number 3418857, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 59 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	60.	LEVERAGED FINANCE EUROPE CAPITAL III B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at:
Locatellikade 1, 1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34209908, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 60 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	61.	LEVERAGED FINANCE EUROPE CAPITAL IV B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at:
Locatellikade 1, 1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34246043, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 61 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

	62.	VERSAILLES CLO M.E., I PLC, a private limited liability company incorporated under the laws of Ireland having its business address at: BNY Financial, Services
PLC, Hanover Building, Windmill Lane, Dublin 2, Ireland, and being registered under registration number 424211, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 62 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	63.	EUROLOAN CLO I B.V., a company incorporated under the laws of The Netherlands having its business address at: Parnassustoren, Locatellikade 1, 1076 AZ,
Amsterdam, The Netherlands, and being registered under registration number 34264051, 

 acting based upon a written
power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 63. 

 

	64.	MERRILL LYNCH INTERNATIONAL, a company, incorporated under the laws of England and Wales having its business address at 2 King Edward Street, London EC1A 1HY,
United Kingdom, and being registered under registration number 2312079, 

 acting based upon a written power of
attorney dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 64. 
  

	65.	CALYON S.A., a stock corporation (société anonyme) incorporated under the laws of France, having its corporate seat in Paris, France, and
being registered in the trade and company’s register of Nanterre under number 1997 B 05108 acting for itself and through its German branch (Calyon Deutschland), having its business address at: Taunusanlage 14, D- 60325 Frankfurt am Main,
Germany, and being registered in the commercial register (Handelsregister) of the local court (Amtsgericht) of Frankfurt a.M. under HRB 38149, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 65. 
  

	66.	WINDMILL CLO I LIMITED, a limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland,
and being registered under registration number 434806, 

 acting based upon a written power of attorney dated
26 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 66. 
  

	67.	HARVEST CLO III PUBLIC LIMITED COMPANY, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place,
IFSC, Dublin 1, Ireland, and being registered under registration number 408100, 

 acting based upon a written
power of attorney dated 26 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 67. 

 

	68.	HARVEST CLO IV PUBLIC LIMITED COMPANY, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place,
IFSC, Dublin 1, Ireland, and being registered under registration number 416737, 

 acting based upon a written power of attorney dated 26 January 2010, which was
presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 68. 
  

	69.	HARVEST CLO V PUBLIC LIMITED COMPANY, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place,
IFSC, Dublin 1, Ireland, and being registered under registration number 427895, 

 acting based upon a written
power of attorney dated 26 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 69. 

 

	70.	DRYDEN XV EURO CLO 2006, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1,
Ireland, and being registered under registration number 426910, 

 acting based upon a written power of attorney
dated 3 February 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 70 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 
  

	71.	CLAVOS EURO CDO LTD., a limited liability company, incorporated under the laws of Ireland having its business address at: 4th Floor 25-28 Adelaide Road Dublin 2,
Ireland, and being registered under registration number 439598, 

 acting based upon a written power of attorney
dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 71. 
  

	72.	RMF EURO CDO III PLC, a public limited company, incorporated under the laws of Ireland having its business address at: 4th Floor 25-28 Adelaide Road Dublin 2,
Ireland, and being registered under registration number 397993, 

 acting based upon a written power of attorney
dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 72. 
  

	73.	RMF EURO CDO IV PLC, a public limited company, incorporated under the laws of Ireland having its business address at: 4th Floor 25-28 Adelaide Road Dublin 2,
Ireland, and being registered under registration number 414040, 

 acting based upon a written power of attorney
dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 73. 
  

	74.	RMF EURO CDO V PLC, a public limited company, incorporated under the laws of Ireland having its business address at: 4th Floor 25-28 Adelaide Road Dublin 2,
Ireland, and being registered under registration number 426661, 

 acting based upon a written power of attorney
dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 74. 
  

	75.	EGRET FUNDING CLO 1 PLC, a public limited company, incorporated under the laws of Ireland, having its business address at: 4th Floor, Hanover Building Windmill
Lane, Dublin 2, Ireland, and being registered under registration number 457923, 

 acting based upon a written
power of attorney dated 26 January 2010 which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 75 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will
then attach a certified copy of the original power of attorney to this Deed. 

	76.	ST. JAMES’S PARK CDO B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address
at: Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.250.406 and with tax identification number 8179.53.279, 

acting based upon a written power of attorney dated 26 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 76. 
  

	77.	HYDE PARK CDO B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.206.409 and with tax identification number 8131.28.699, 

acting based upon a written power of attorney dated 26 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 77. 
  

	78.	GREEN PARK CDO B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business
address at: Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.250.919 and with tax identification number 8161.88.786, 

acting based upon a written power of attorney dated 26 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 78. 
  

	79.	REGENT’S PARK CDO B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address
at: Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.253.413 and with tax identification number 8149.90.691, 

acting based upon a written power of attorney dated 26 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 79. 
  

	80.	KBC FINANCE IRELAND, an unlimited liability company incorporated under the laws of Ireland having its business address at KBC House, 4 Georges Dock, IFSC, Dublin
1, Ireland, and being registered under registration number 118042, 

 acting based upon a written power of attorney
dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 80. 
  

	81.	CELF LOAN PARTNERS B.V., a private limited liability entity, incorporated under the laws of The Netherlands having its business address at: Parnassustorne,
Lokatellikade 1, 1076 AZ, Amsterdam The Netherlands, and being registered under registration number 34.217.543 and tax identification umber 8141.68.656, 

acting based upon a written power of attorney dated 26 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 81. 
  

	82.	CELF PARTNERSHIP LOAN FUNDING 2008-I LIMITED, a limited liability company, incorporated under the laws of Ireland having its business address at 53 Merrion
Square, Dublin 2, Ireland, and being registered under registration number 453285, 

 acting based upon a written
power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 82. 

	83.	CELF LOAN PARTNERS II PLC, a limited liability company, incorporated under the laws of Ireland having its business address at 53 Merrion Square, Dublin 2,
Ireland, and being registered under registration number 404476, 

 acting based upon a written power of attorney
dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 83. 
  

	84.	INTENTIONALLY LEFT BLANK. 

  

	85.	CELF LOAN PARTNERS IV PLC, a limited liability company, incorporated under the laws of Ireland having its business address at 53 Merrion Square, Dublin 2,
Ireland, and being registered under registration number 426909, 

 acting based upon a written power of attorney
dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 85. 
  

	86.	CELF LOAN PARTNERS V LIMITED a limited liability company, incorporated under the laws of Ireland having its business address at 53 Merrion Square, Dublin 2,
Ireland, and being registered under registration number 436833, 

 acting based upon a written power of attorney
dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 86. 
  

	87.	CELF LOW LEVERED PARTNERS PLC, a limited liability company, incorporated under the laws of Ireland having its business address at 53 Merrion Square, Dublin 2,
Ireland, and being registered under registration number 425255, 

 acting based upon a written power of attorney
dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 87. 
  

	88.	STATIC LOAN FUNDING 2007-I LIMITED, a limited liability company, incorporated under the laws of Ireland having its business address at 53 Merrion Square, Dublin
2, Ireland, and being registered under registration number 446799, 

 acting based upon a written power of attorney
dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 88. 
  

	89.	GE CORPORATE FINANCE BANK, a Société par Actions Simplifiée, incorporated under the laws of France having its business address at: Tour
Facto – 92988 Paris La Défense Cédex, France, and being registered under registration number 479 432 312, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 89. 
  

	90.	NATIXIS S.A., a société anonyme à conseil d’administration, incorporated under the laws of France having its business address at: 30,
avenue Pierre Mendès-France, 75013 Paris, France, and being registered under registration number RCS Paris 542 044 524, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 90. 
  

	91.	BNP PARIBAS S.A., a société anonyme, incorporated under the laws of France having its business address at: 16 boulevard des Italiens, 75009
Paris, France, and being registered under registration number 662042449 (with E.U. Tax number FR76662042449), 

 acting based upon a written power of attorney dated 26 January 2010, which was
presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 91 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of
attorney to this Deed. 
  

	92.	HARBOURMASTER LOAN CORPORATION B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business
address at: Lokatellikade 1, Parnassustoren, 1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34.128.937, with tax identification number 8085.84.510, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 92. 
  

	93.	AVOCA CLO III PLC, a PLC, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland, and being
registered under registration number 372120, 

 acting based upon a written power of attorney dated 27 January
2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 93. 
  

	94.	AVOCA CLO IV PLC, a PLC, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland, and being
registered under registration number 404748, 

 acting based upon a written power of attorney dated 27 January
2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 94. 
  

	95.	AVOCA CLO V PLC, a PLC, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland, and being
registered under registration number 411536, 

 acting based upon a written power of attorney dated 27 January
2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 95. 
  

	96.	AVOCA CLO VI PLC, a PLC, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland, and being
registered under registration number 411840, 

 acting based upon a written power of attorney dated 27 January
2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 96. 
  

	97.	AVOCA CLO VII PLC, a PLC, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland, and being
registered under registration number 423313, 

 acting based upon a written power of attorney dated 27 January
2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 97. 
  

	98.	DRYDEN IX SENIOR LOAN FUND 2005, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC,
Dublin 1, Ireland, and being registered under registration number 402197, 

 acting based upon a written power of
attorney dated 3 February 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 98 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then
attach a certified copy of the original power of attorney to this Deed. 

	99.	AVOCA CLO IX LIMITED, a limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland,
and being registered under registration number 450262, 

 acting based upon a written power of attorney dated
27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 99. 
  

	100.	AVOCA CREDIT OPPORTUNITIES PLC, a PLC, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland, and
being registered under registration number 424581, 

 acting based upon a written power of attorney dated
27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 100. 
  

	101.	ABSALON CREDIT FUND PLC, a PLC, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland, and being
registered under registration number 474108, 

 acting based upon a written power of attorney dated 27 January
2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 101. 
  

	102.	AVOCA CLO II B.V., a private limited liability entity, incorporated under the laws of The Netherlands having its business address at: Parnassustoren,
Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34.189.030, with tax identification number 8117.96.255, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 102. 
  

	103.	HARBOURMASTER CLO 4 B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Locatellikade 1,
Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 34.205.932, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 103. 
  

	104.	HARBOURMASTER CLO 5 B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Locatellikade 1,
Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 34.220.949, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 104. 
  

	105.	HARBOURMASTER CLO 6 B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Locatellikade 1,
Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 34.22.815, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 105. 

	106.	HARBOURMASTER CLO 7 B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Locatellikade 1,
Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 34.239.829, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 106. 
  

	107.	Harbourmaster CLO 8 B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Locatellikade 1,
Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 34.255.424, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 107. 
  

	108.	HARBOURMASTER CLO 9 B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Locatellikade 1,
Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 34.256.429, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 108. 
  

	109.	HARBOURMASTER CLO 10 B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Locatellikade 1,
Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 34.267.259, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 109. 
  

	110.	HARBOURMASTER CLO 11 B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Locatellikade 1,
Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 34.265.863, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 110. 
  

	111.	GLOBAL SENIOR LOAN INDEX FUND 1 B.V., a private limited liability company, incorporated under the laws of, The Netherlands having its business address at:
Locatellikade 1, Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 34.276.910, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 111. 
  

	112.	HARBOURMASTER LOAN FUNDING 2, a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Locatellikade
1, Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 464540, 

 acting based upon a written power of attorney dated 28 January 2010, which was
presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 112. 
  

	113.	HARBOURMASTER LOAN FUNDING LTD., a private limited liability company, incorporated under the laws of The Netherlands having its business address at:
Locatellikade 1, Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 463082, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 113. 
  

	114.	HARBOURMASTER PRO RATA CLO 3 B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at:
Locatellikade 1, Parnassustoren, 1076 AZ Amsterdam, PO Box 75215, 1070 AE Amsterdam, The Netherlands, and being registered under registration number 34.264.216, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 114. 
  

	115.	FORTIS FLEXI III SENIOR SECURED BANK LOAN FUND MOGLIANO SICAV-SIF, a Société d’Investissement à Capital Variable, incorporated under
the laws of Luxembourg having its statutory seat at 46, Avenue J.F. Kennedy, L - 1855, Luxembourg, Luxembourg, and being registered under registration number B 130 436, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 115. 
  

	116.	STRAWINSKY 1 PLC, a limited liability company, incorporated under the laws of Ireland, having its business address at: 5 Harbourmaster Place, IFSC Dublin 1,
Ireland, and being registered under registration number 432477, 

 acting based upon a written power of attorney
dated 28 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 116. 
  

	117.	THE PUBLIC SCHOOL RETIREMENT SYSTEM OF MISSOURI, a government pension fund, incorporated under the laws of the State of Missouri, having its business
address at 3210 West Truman Boulevard, Jefferson City, Missouri 65109, United States of America, 

 acting based
upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 117. 

 

	118.	DRYDEN XIV EURO CLO 2006, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1,
Ireland, and being registered under registration number 418097, 

 acting based upon a written power of attorney
dated 3 February 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 118 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 
  

	119.	EURO-GALAXY CLO B.V., a company duly incorporated under the laws of The Netherlands, having its business address at 1076EE Amsterdam, Federik Roeskestraat 123,
The Netherlands and registered under registration number 34245119, being represented by PineBridge Investments Europe Limited as its collateral manager, 

 acting based upon a written power of attorney dated 28 January 2010, which was
presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 119. 
  

	120.	EURO-GALAXY II CLO B.V., a company duly incorporated under the laws of The Netherlands, having its business address at 1076EE Amsterdam, Federik Roeskestraat
123, The Netherlands and registered under registration number 34260517, being represented by PineBridge Investments Europe Limited as its collateral manager, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 120. 
  

	121.	LAURELIN B.V., a private limited liability company, incorporated under the laws of The Netherlands, having its business address at: 300 Park Avenue, 21 Fl, New
York, NY 10022, USA, and being registered under registration number 34237874, 

 acting based upon a written power
of attorney dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 121. 
  

	122.	LAURELIN II B.V., a private limited liability company, incorporated under the laws of The Netherlands, having its business address at: 300 Park Avenue, 21 Fl,
New York, NY 10022, USA, and being registered under registration number 34262146, 

 acting based upon a written
power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 122. 

 

	123.	NEXUM LOANS, SICAV, incorporated under the laws of Luxembourg having its business address at 31, Z.A., Bourmicht, L-8070 Bertrange, Luxembourg, and being
registered under registration number RCS B108369, 

 acting based upon a written power of attorney dated
28 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 123. 
  

	124.	GOLDENTREE CREDIT OPPORTUNITIES FINANCING I, LIMITED, an exempted limited liability company, incorporated under the laws of Cayman Islands, having its business
address at: 300 Park Avenue, 21 Fl, New York, N.Y. 10022, USA, and being registered under registration number WK-135394, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 124. 
  

	125.	GOLDENTREE HIGH YIELD VALUE MASTER FUND, LP, an exempted limited liability company, incorporated under the laws of Cayman Islands, having its business address
at: 300 Park Avenue, 21 Fl, New York, N.Y. 10022, USA, and being registered under registration number 52-2354047, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 125. 
  

	126.	ALPSTAR CLO 1 PLC, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1,
Ireland, and being registered under registration number 404750, 

 acting based upon a written power of attorney
dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 126 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 

	127.	DRYDEN X EURO CLO 2005, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1,
Ireland, and being registered under registration number 405102, 

 acting based upon a written power of attorney
dated 3 February 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 127 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 
  

	128.	BARCLAYS BANK PLC, a company incorporated under the laws of the United Kingdom having its business address at: 1 Churchill Place, London E14 5HP, United Kingdom,
and being registered under registration number 1026167, 

 acting based upon a written power of attorney dated
28 January 2010 which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 128 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 
  

	129.	CAIRN CLO I B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands, having its business address at:
Parnassustoren, Locatellikade 1, 1076 AZU Amsterdam, The Netherlands, and being registered under registration number 34.245.893, with tax identification number 84171.28.773, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 129. 
  

	130.	CAIRN CLO II B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands, having its business address at:
Parnassustoren, Locatellikade 1, 1076 AZU Amsterdam, The Netherlands, and being registered under registration number 34.257.652, with tax identification number 8171.87.285, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 130. 
  

	131.	SCULPTOR HOLDINGS II S.À R.L., a private limited liability company (société à responsabilitè limitée),
incorporated under the laws of the Grand Duchy of Luxembourg having its business address at: 9, Parc d’Activité Syrdall, L-5365 Munsbach, The Grand Duchy of Luxembourg, and being registered under registration number B 134294,

 acting based upon a written power of attorney dated 28 January 2010 which was presented to the Notary only
as a pdf copy, which is attached to this Deed as Appendix A. 131 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed.

  

	132.	INSIGHT LDI SOLUTIONS PLUS PLC, IN RESPECT OF THE INSIGHT LOAN FUND, a public limited company incorporated as an open ended type investment company with variable
capital, incorporated under the laws of Ireland having its business address at: George’s Quay House, 43 Townsend Street, Dublin 2, Ireland, and being registered under registration number 412722, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 132. 

	133.	INSIGHT INVESTMENT DISCRETIONARY FUNDS ICVC, UK, CORPORATE ALL MATURITIES BOND FUND, an open-ended investment company with Variable Capital incorporated with
limited liability under the laws of England & Wales having its business address at: 33 Old Broad Street, London EC2N 1HZ, United Kingdom, and being registered under registration number IC192, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 133. 
  

	134.	INSIGHT INVESTMENT DISCRETIONARY FUNDS ICVC, UK, CORPORATE LONG MATURITIES BOND FUND, an open-ended investment company with Variable Capital incorporated with
limited liability under the laws of England & Wales having its business address at: 33 Old Broad Street, London EC2N 1HZ, United Kingdom, and being registered under registration number IC192, 

acting based upon a written power of attorney dated 27 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 134. 
  

	135.	NEPTUNO CLO III B.V., a private limited liability entity, incorporated under the laws of The Netherlands having its business address at: Parnassustoren,
Locatellikade 1, 1076 AZ, Amsterdam, The Netherlands, and being registered under registration number 34.261.246 and tax identification number 8173.14.519, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 135. 
  

	136.	NEPTUNO CLO I B.V., a private limited liability entity, incorporated under the laws of The Netherlands having its business address at: Parnassustoren,
Locatellikade 1, 1076 AZ, Amsterdam, The Netherlands, and being registered under registration number 34.260.406 and tax identification number 8172.54.559, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 136. 
  

	137.	IRON HILL CLO LIMITED, a company incorporated under the laws of Ireland having its business address at South Dock House, Hanover Quay, Dublin 2, Ireland, and
being registered under registration number 439336, 

 acting based upon a written power of attorney dated
27 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 137. 
  

	138.	ING BANK N.V., a Naamloze Vennotschap, incorporated under the laws of The Netherlands having its business address at: Bijlmerplein 888, 1102MG Amsterdam, The
Netherlands, and being registered under registration number 33031431, 

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 138. 
  

	139.	THE SUMITOMO TRUST & BANKING CO., LTD., a company incorporated in Japan with limited liability and registered at the Osaka Legal Affairs Bureau and
having its head office at 5-33 Kitahama 4-Chome, Chuo-ku, Osaka 540-8639, Japan, 

 acting based upon a written
power of attorney dated 28 January 2010 which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 139 the original of which the Deponent 1 has promised to submit subsequently to the notary, who
will then attach a certified copy of the original power of attorney to this Deed. 

	140.	GS EUROPEAN PERFORMANCE FUND LIMITED, a limited company established under the laws of Ireland having its business address at 53 Merion Square, Dublin 2, Ireland,

 acting based upon a written power of attorney dated 27 January 2010 which was presented to the Notary only
as a pdf copy, which is attached to this Deed as Appendix A. 140 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed.

  

	141.	DEKABANK DEUTSCHE GIROZENTRALE, a bank organised under the laws of Germany, incorporated under the laws of Germany having its business address at: Mainzer
Landstrasse 16, 60325 Frankfurt am Main, Germany, and being registered under registration number HRA 16068, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 141 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	142.	THE ROYAL BANK OF SCOTLAND PLC, a public limited company, duly incorporated and validly established under the laws of Scotland, with registered address at 36 St.
Andrew Square Edinburgh EH2 2YB, and being registered under registration number SC090312, 

 acting based upon a
written power of attorney dated 28 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 142. 

 

	143.	STICHTING SHELL PENSIOENFONDS, a pension fund, incorporated under the laws of The Netherlands having its business address at: Parnassustoren, Lokatellikade 1,
1076 AZ Amsterdam, The Netherlands, and being registered under registration number 41151226, 

 acting based upon a
written power of attorney dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 143 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	144.	PANTHER CDO III B.V., a limited liability company, incorporated under the laws of The Neterlands, having its business address at: Parnassustoren, Lokatellikade
1, 1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34221992, 

 acting based
upon a written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 144 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	145.	PANTHER CDO V B.V., a limited liability company, incorporated under the laws of The Neterlands, having its business address at: Parnassustoren, Lokatellikade 1,
1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34264048, 

 acting based upon a
written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 145 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 

	146.	PUMA CLO I B.V., a limited liability company, incorporated under the laws of The Netherlands, having its business address at: Parnassustoren, Lokatellikade 1,
1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34221430, 

 acting based upon a
written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 146 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	147.	M&G EUROPEAN LOAN FUND LIMITED, a limited liability company, incorporated under the laws of Ireland having its business address at: 78 Sir John
Rogerson’s Quay, Dublin, Ireland, and being registered under registration number 404879, 

 acting based upon
a written power of attorney dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 147 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	148.	M&G EUROPEAN CORPORATE BOND FUND, a fund incorporated under the laws of the United Kingdom, having its business address at: Laurence Pountney Hill, London,
EC4R OHH, and being registered under registration number IC117, 

 acting based upon a written power of attorney
dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 148 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 
  

	149.	M&G EUROPEAN HIGH YIELD BOND FUND, a fund incorporated under the laws of the United Kingdom, having its business address at: Laurence Pountney Hill, London,
EC4R OHH, and being registered under registration number IC117, 

 acting based upon a written power of attorney
dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 149 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 
  

	150.	M&G BROAD EUROPEAN LOAN FUND LIMITED, a limited liability company, incorporated under the laws of Ireland having its business address at: 78 Sir John
Rogerson’s Quay, Dublin, Ireland, and being registered under registration number 471073, 

 acting based upon
a written power of attorney dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 150 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	151.	M&G DYNAMIC EUROPEAN LOAN FUND LIMITED, a limited liability company, incorporated under the laws of Ireland having its business address at: 78 Sir John
Rogerson’s Quay, Dublin, Ireland, and being registered under registration number 404836, 

 acting based upon
a written power of attorney dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 151 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 

	152.	M&G PROGRESSIVE EUROPEAN LOAN FUND LIMITED, a limited liability company, incorporated under the laws of Ireland having its business address at: 78 Sir John
Rogerson’s Quay, Dublin, Ireland, and being registered under registration number 4644431, 

 acting based upon
a written power of attorney dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 152 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	153.	M&G SECURED DEBT FUND LIMITED, a limited liability company, incorporated under the laws of Ireland having its business address at: 78 Sir John
Rogerson’s Quay, Dublin, Ireland, and being registered under registration number 439687, 

 acting based upon
a written power of attorney dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 153 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	154.	LEOPARD CLO III B.V., a limited liability company, incorporated under the laws of The Netherlands, having its business address at: Parnassustoren, Lokatellikade
1, 1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34205704, 

 acting based
upon a written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 154 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	155.	LEOPARD CLO IV B.V., a limited liability company, incorporated under the laws of The Netherlands, having its business address at: Parnassustoren, Lokatellikade
1, 1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34240903, 

 acting based
upon a written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 155 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	156.	LEOPARD CLO V B.V., a limited liability company, incorporated under the laws of The Netherlands, having its business address at: Parnassustoren, Lokatellikade 1,
1076 AZ Amsterdam, The Netherlands, and being registered under registration number 34255423, 

 acting based upon a
written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 156 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	157.	COUGAR CLO I PLC., a public limited company, incorporated under the laws of Ireland having its business address at: Hanover House Windmill Land Dublin 2 Ireland,
and being registered under registration number 408459, 

 acting based upon a written power of attorney dated
27 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 157 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 

	158.	COUGAR CLO II B.V., a public limited company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren, Lokatellikade 1 1076
AZ Amsterdam, The Netherlands, and being registered under registration number 34265744, 

 acting based upon a
written power of attorney dated 27 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 158 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	159.	DUCHESS I CDO SA, a limited company, incorporated under the laws of Luxembourg having its business address at 1 Allée Scheffer L-2520, Luxembourg, and
being registered under registration number B 78 958, 

 acting based upon a written power of attorney dated
29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 159. 
  

	160.	DOVER CREDIT LIMITED, a limited company incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland,
and being registered under registration number 455597, 

 acting based upon a written power of attorney dated
29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 160. 
  

	161.	DUCHESS III CDO SA, a limited company, incorporated under the laws of Luxembourg having its business address at: 1 Allée Scheffer, L-2520, Luxembourg, and
being registered under registration number 95311, 

 acting based upon a written power of attorney dated
29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 161. 
  

	162.	DUCHESS V CLO BV, a limited company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren, Lokatellikade 1, 1076 AZ
Amsterdam, The Netherlands, and being registered under registration number 34228360, 

 acting based upon a written
power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 162. 

 

	163.	DUCHESS VI CLO BV, a limited company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren, Lokatellikade 1, 1076 AZ
Amsterdam, The Netherlands, and being registered under registration number 34243751, 

 acting based upon a written
power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 163. 

 

	164.	DUCHESS IV CLO BV, a limited company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren, Lokatellikade 1, 1076 AZ
Amsterdam, The Netherlands, and being registered under registration number 3488702, 

 acting based upon a written
power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 164. 

 

	165.	DUCHESS VII CLO B.V., a limited company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren, Lokatellikade 1, 1076 AZ
Amsterdam, The Netherlands, and being registered under registration number 34250407, 

 acting based upon a written power of attorney dated 29 January 2010, which was
presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 165. 
  

	166.	MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, mutual company, incorporated under the laws of The United States of America having its business address at. 1295
State Street, Springfield, MA 01111, United States and being registered under registration number 0415900850, 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 166. 
  

	167.	FUGU CLO B.V., a limited company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren, Lokatellikade 1, 1076 AZ
Amsterdam, The Netherlands, and being registered under registration number 332 03015, 

 acting based upon a
written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 167. 

 

	168.	MALIN CLO B.V., a limited company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren, Lokatellikade 1, 1076 AZ
Amsterdam, The Netherlands, and being registered under registration number 34240069, 

 acting based upon a written
power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 168. 

 

	169.	BABSON CAPITAL EUROPEAN SENIOR LOANS LIMITED, a limited company, incorporated under the laws of Ireland having its business address at: 53 Merrion Square, Dublin
2, Ireland, and being registered under registration number 470783, 

 acting based upon a written power of attorney
dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 169. 
  

	170.	XELO VI LIMITED, a limited company, incorporated under the laws of Ireland having its business address at: 5th Floor, 75 Stephen’s Green, Dublin 2, Ireland,
and being registered under registration number 460251, 

 acting based upon a written power of attorney dated
29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 170. 
  

	171.	MARQUETTE US/EUROPEAN CLO PLC, a public limited company, incorporated under the laws of Ireland having its business address at: c/o AIB International Financial
Service Ltd., AIB International Centre, IFSC, Dublin 1, Ireland, and being registered under registration number 416750, 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 171. 
  

	172.	LIGHTPOINT PAN-EUROPEAN CLO 2006 PLC, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place,
IFSC, Dublin 1, Ireland, and being registered under registration number 420632, 

 acting based upon a written
power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 172. 

	173.	LIGHTPOINT PAN-EUROPEAN CLO 2007-1 PLC, a public limited company, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place,
IFSC, Dublin 1, Ireland, and being registered under registration number 430881, 

 acting based upon a written
power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 173. 

 

	174.	MORGAN STANLEY INVESTMENT MANAGEMENT MEZZANO B.V., a limited liability company, incorporated under the laws of The Netherlands having its business address at:
Fred Roeskestraat 123-I, 1076 EE Amsterdam, The Netherlands, and being registered under registration number 34.267.956, 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 174. 
  

	175.	MORGAN STANLEY INVESTMENT MANAGEMENT GARDA B.V., a limited liability company, incorporated under the laws of The Netherlands having its business address at: Fred
Roeskestraat 123-I, 1076 EE Amsterdam, The Netherlands, and being registered under registration number 34.246.796, 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 175. 
  

	176.	MORGAN STANLEY INVESTMENT MANAGEMENT CONISTON B.V., a limited liability company, incorporated under the laws of The Netherlands having its business address at:
Fred Roeskestraat 123-I, 1076 EE Amsterdam, The Netherlands, and being registered under registration number 34.265.347, 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 176. 
  

	177.	BOYNE VALLEY B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.221.432 and with tax identification number 8151.44.052, 

acting based upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 177. 
  

	178.	CLARE ISLAND B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.168.370 and with tax identification number 8104.29.469, 

acting based upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 178. 
  

	179.	SKELLIG ROCK B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.253.647 and with tax identification number 8171.41.832, 

acting based upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 179. 

	180.	TARA HILL B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands having its business address at:
Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.143.590 and with tax identification number 8096.411.97, 

acting based upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 180 
  

	181.	ALLIED IRISH BANKS PLC, a company incorporated under the laws of Ireland having its registered office at Bankcentre, Ballsbridge Dublin 4, Ireland, and
being registered under registration number 24173, 

 acting based upon a written power of attorney dated
29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 181 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 
  

	182.	HALCYON STRUCTURED ASSET MANAGEMENT CLO 2008-II B.V., a private limited liability company, duly incorporated and existing under the laws of The Netherlands
having its business address at: Parnassustoren, Lokatellikade 1, 1076 AZ Amsterdam, The Netherlands and being registered under registration number 34.278.102 and with tax identification number 8182.21.057, 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 182. 
  

	183.	EATON VANCE CDO X PLC, a corporation, incorporated under the laws of Ireland having its business address at: 85 Merrion Square, Dublin, Ireland, and being
registered under registration number 6442062Q, 

 acting based upon a written power of attorney dated
29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 183 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 
  

	184.	MACQUARIE BANK LIMITED, a public company, incorporated under the laws of Australia having its business address at: No. 1 Martin Place, Sydney, NSW 2000,
Australia, and being registered under registration number ABN 46 008 583 542, 

 acting based upon a written power
of attorney dated 3 February 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 184 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will
then attach a certified copy of the original power of attorney to this Deed. 
  

	185.	EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND, a Massachusetts Business Trust, incorporated under the laws of the Massachusetts having its business address
at: 2 International Place, Boston, MA, and being registered under registration number 20-2135837, 

 acting based
upon a written power of attorney dated 29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 185 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 

	186.	EATON VANCE CDO VII PLC, a Corporation, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, I.F.S.C., Dublin, Ireland,

 acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary only
as a pdf copy, which is attached to this Deed as Appendix A. 186 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed.

  

	187.	COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., a Dutch “coöperatie met beperkte aansprakelijkheid”, having its registered office at
Amsterdam, The Netherlands, with its place of business at Utrecht, The Netherlands, and being registered under registration number 30046259 0000, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 187 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	188.	CREDIT SUISSE INTERNATIONAL, an unlimited company, incorporated under the laws of England having its business address at: One Cabot Square, London, E14 4QJ, UK,
and being registered under registration number 2500199, 

 acting based upon a written power of attorney dated
29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 188 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified
copy of the original power of attorney to this Deed. 
  

	189.	HOLLANDSCHE BANK UNIE N.V., a limited liability company, incorporated under the laws of The Netherlands, having its business address at: Coolsingel 104, 3011 AG
Rotterdam, The Netherlands, and being registered under registration number 33 25 94 95, 

 acting based upon a
written power of attorney dated 29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 189 the original of which the Deponent 1 has promised to submit subsequently to the
notary, who will then attach a certified copy of the original power of attorney to this Deed. 
  

	190.	HIGHLANDER EURO CDO B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren,
Lokatellikade 1, 1076, AZ Amsterdam, The Netherlands, and being registered under registration number 34206403, 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 190. 
  

	191.	HIGHLANDER EURO CDO II B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren,
Lokatellikade 1, 1076, AZ Amsterdam, The Netherlands, and being registered under registration number 34249710, 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 191. 
  

	192.	HIGHLANDER EURO CDO III B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren,
Lokatellikade 1, 1076, AZ Amsterdam, The Netherlands, and being registered under registration number 34255865, 

 acting based upon a written power of attorney dated 29 January 2010, which was
presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 192. 
  

	193.	HIGHLANDER EURO CDO IV B.V., a private limited liability company, incorporated under the laws of The Netherlands having its business address at: Parnassustoren,
Lokatellikade 1, 1076, AZ Amsterdam, The Netherlands, and being registered under registration number 34261590. 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 193. 
  

	194.	MERCATOR CLO I PLC, a PLC, incorporated under the laws of Ireland having its business address at: 5 Harbourmaster Place, IFSC, Dublin 1, Ireland, and being
registered under registration number 401893, 

 acting based upon a written power of attorney dated 29 January
2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 194. 
  

	195.	Intentionally left blank. 

  

	196.	STICHTING MARS PENSIOENFONDS, registered as an exempt pension trust under Netherlands law, having its business address at: Taylorweg 5, 5466, 5460 Veghel, The
Netherlands, mailing address 3D Dundee Road, Slough, Berkshire SL 1 4LG, UK, 

 acting based upon a written power
of attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 196. 
  

	197.	PIMCO LOAN OPPORTUNITIES FUND I, L.P., a limited partnership, registered under the laws of the United States, having its business address at c/o Corporation
Service Company, 2711 Centreville Road, Suite 400, Wilmington DE 19808 USA, and being registered with US tax reference 4652/46/53/4654, 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 197. 
  

	198.	PIMCO CAYMAN EUROPEAN HIGH YIELD FUND, registered under the laws of the Cayman Islands, having its business address at: 68 Fort Street, George Town, Grand Cayman
KY1-1106, Cayman Islands, and being registered with US tax reference 3823, 

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 198 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then
attach a certified copy of the original power of attorney to this Deed. 
  

	199.	VIRGINIA RETIREMENT SYSTEM, a public pension fund, registered under the laws of the USA, having its business address at: 1200 East Main Street 2nd Floor, Bank of
America Pavilion, Richmond Virginia 23219, USA, and being registered under Agency number 158 GLA 352, Tax Identification Number 54600 18081, 

acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 199. 
  

	200.	KÖNIGINSTRASSE I S.A.R.L., a société à responsabilité limitée, incorporated under the laws of Luxembourg having its
business address at: 1, Allée Scheffer, L-2520, Luxembourg, and being registered under registration number 136908, 

 acting based upon a written power of attorney dated 29 January 2010, which was
presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 200. 
  

	201.	EUROPEAN ENHANCED LOAN FUND, S.A., a société anonyme, incorporated under the laws of Luxembourg having its business address at: 1, Allée
Scheffer, L-2520, Luxembourg, and being registered under registration number B114.364, 

 acting based upon a
written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 201. 

 

	202.	INTERCONTINENTAL CDO S.A., a société anonyme, incorporated under the laws of Luxembourg having its business address at: 33 Boulevard de Prince
Henri, Luxembourg, and being registered under registration number B85.334, 

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 202. 
  

	203.	CLARENVILLE CDO S.A., a société anonyme, incorporated under the laws of Luxembourg having its business address at: 33 Boulevard de Prince Henri,
Luxembourg, and being registered under registration number B86.222, 

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 203. 
  

	204.	SANKATY MANAGED ACCOUNT (PSERS), a limited partnership, incorporated under the laws of Delware, USA having its business address at: 111 Huntington Avenue,
Boston, MA, 02199, USA and being registered under registration number 26-4768343, 

 acting based upon a written
power of attorney dated 29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 204 the original of which the Deponent 1 has promised to submit subsequently to the notary, who
will then attach a certified copy of the original power of attorney to this Deed. 
  

	205.	SANKATY SENIOR LOAN FUND, L.P. (PSERS), a limited partnership, incorporated under the laws of Delware, USA having its business address at: 111 Huntington Avenue,
Boston, MA, 02199, USA and being registered under registration number 26-4019360, 

 acting based upon a written
power of attorney dated 29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 205 the original of which the Deponent 1 has promised to submit subsequently to the notary, who
will then attach a certified copy of the original power of attorney to this Deed. 
  

	206.	FUTURE FUND BOARD OF GUARDIANS, a separate account, incorporated under the laws of Australia, having its business address at: 111 Huntington Avenue, Boston, MA,
02199, USA and being registered under registration number 40465597854, 

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 206 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then
attach a certified copy of the original power of attorney to this Deed. 
  

	207.	NASH POINT CLO, a CLO, incorporated under the laws of Ireland, having its business address at: 111 Huntington Avenue, Boston, MA, 02199, USA and being registered
under registration number 98-0497589, 

 acting based upon a written power of attorney dated 29 January 2010, which was
presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 207 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of
attorney to this Deed. 
  

	208.	RACE POINT III CLO, a CLO, incorporated under the laws of Ireland, having its business address at: 111 Huntington Avenue, Boston, MA, 02199, USA and being
registered under registration number 6425440C, 

 acting based upon a written power of attorney dated
29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 208 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 
  

	209.	TRIMAST HOLDING SARL, a private limited liability company incorporated under the laws of Luxembourg having its business address at 46 A, Avenue J.F. Kennedy,
L-1855, Luxembourg, and being registered under registration number B 127486, 

 acting based upon a written power
of attorney dated 29 January 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 209 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will
then attach a certified copy of the original power of attorney to this Deed. 
  

	210.	THE MARS ASSOCIATES’ RETIREMENT PLAN, registered as a pension fund under English law under scheme registration number 10035791, having its business address
at: 3D Dundee Road, Slough, Berkshire SL1 4LG, UK, 

 acting based upon a written power of attorney dated
2 February 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 210. 
  

	211.	BANK OF SCOTLAND PLC, a public limited company, incorporated under the laws of Scotland having its registered office address at: The Mound, Edinburgh, EH1 1YZ,
Scotland, and being registered under registration number SC327000, 

 acting based upon a written power of attorney
dated 2 February 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 211 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a
certified copy of the original power of attorney to this Deed. 
  

	212.	LEVERAGE SOURCE III S.A.R.L., a société à responsabilité limitée, incorporated under the laws of Delaware, having its business
address at: 7, Val St. Croix, L-1371 Luxembourg, Luxembourg, and being registered under registration number 98-0576556, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 212 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	213.	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a banking association organised under the laws of the United States with its main office at 1111 Polaris Parkway,
Columbus, Ohio 43240, USA, acting through its London Branch, at 125 London Wall, London EC2Y 5AJ, 

 acting based
upon a written power of attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 213. 

	214.	HSBC BANK PLC, a public limited liability company, incorporated under the laws of England and Wales having its business address at: 8 Canada Square, London E14
5HQ, United Kingdom, and being registered under registration number 14259, 

 acting based upon a written power of
attorney dated 2 February 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 214. 
  

	215.	AEGON LEVENSVERZEKERING N.V., a Naamloze Vennootschap, incorporated under the laws of The Netherlands having its business address at: AEGONplein 50, 2591TV Den
Haag, The Netherlands, and being registered under registration number 27095315, 

 acting based upon a written
power of attorney dated 2 February 2010, which was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 215 the original of which the Deponent 1 has promised to submit subsequently to the notary, who
will then attach a certified copy of the original power of attorney to this Deed. 
  

	216.	GSO DOMESTIC CAPITAL FUNDING (LUXEMBOURG) S.A.R.L., a limited responsibility company, incorporated under the laws of Luxembourg having its business address at:
L-1521 Luxembourg, 122 rue Adolphe Fischer, Luxembourg, and being registered under registration number B 133824, 

acting based upon a written power of attorney dated 3 February 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 216 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	220.	BLACKROCK GLOBAL FLOATING RATE INCOME TRUST, a statutory trust organised under the laws of the State of Delaware having its business address at: c/o BlackRock
Financial Management, Inc., 800 Scudders Mill Road – Area 1B, Plainsboro, New Jersey 08536, United States of America, with a U.S. Taxpayer Identification Number of 20-1351044, 

acting based upon a written power of attorney dated 4 February 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 220 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	221.	BLACKROCK SENIOR INCOME SERIES V LIMITED, a private company organised under the laws of Ireland having its business address at: c/o BlackRock Financial
Management, Inc., 800 Scudders Mill Road – Area 1B, Plainsboro, New Jersey 08536, United States of America, and being registered under registration number 417909, 

acting based upon a written power of attorney dated 4 February 2010, which was presented to the Notary only as a pdf copy, which is
attached to this Deed as Appendix A. 221 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original power of attorney to this Deed. 

 

	222.	LEOPARD CLO I B.V., a Dutch limited liability company, incorporated under the laws of The Netherlands having its business address at: Laurence Pountney Hill,
London EC4R OHH, United Kingdom 

 acting based upon a written power of attorney dated 4 February 2010, which
was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 222 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original
power of attorney to this Deed. 

	223.	LEOPARD CLO II B.V., a Dutch limited liability company, incorporated under the laws of The Netherlands having its business address at: Laurence Pountney Hill,
London EC4R OHH, United Kingdom 

 acting based upon a written power of attorney dated 4 February 2010, which
was presented to the Notary only as a pdf copy, which is attached to this Deed as Appendix A. 223 the original of which the Deponent 1 has promised to submit subsequently to the notary, who will then attach a certified copy of the original
power of attorney to this Deed. 
 The Deponent 2 declared that in the following he is not acting in his own name but, excluding any personal
liability, in the name and on behalf of 
 WEST LB AG, a joint stock company (Aktiengesellschaft), incorporated under the laws of
Germany, having its business address at: Herzogstr. 15, 40213 Düsseldorf, Germany, and being registered under registration number HRB 42975 acting out of its London Branch at Woodgate Exchange, 25 Basinghall Street, London EC2V 5HA with company
number FC007772 and branch registration number BR001899, 
 acting based upon a written power of attorney dated 27 January 2010, which was
presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 217. 
 The Deponent 3
declared that in the following he is not acting in his own name but, excluding any personal liability, in the name and on behalf of 

DEUTSCHE BANK AG, a corporation duly organised and existing under the law of the Federal Republic of Germany and having its principal place of
business at Theodor-Heuss-Allee 70 in the City of Frankfurt (Main) and operating in the United Kingdom under branch number BR000005 at Winchester House, 1 Great Winchester Street, London EC2N 2DB, 

acting based upon a written power of attorney dated 28 January 2010, which was presented to the Notary only as pdf copy, which is attached to this
Deed as Appendix A. 218 the original of which the Deponent 3 has promised to submit subsequently to the Notary, who will then attach a certified copy of the original power of attorney to this Deed. 

The Deponent 4 declared that in the following she is not acting in her own name but, excluding any personal liability, in the name and on behalf of

 COMMERZBANK AG, London Branch, a branch of a German Aktiengesellschaft, incorporated under the laws of Germany, having its
business address at: Kaiserplatz, 60261 Frankfurt am Main, Germany, and being registered under registration number HRB 32000, 
 acting based
upon a written power of attorney dated 25 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix A. 219. 

 The Deponent 5 declared that in the following he is not acting in his own name but, excluding any
personal liability, in the name and on behalf of 
  

	1.	KABEL DEUTSCHLAND GMBH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its
corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837,

 acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as
original and a certified copy of which is attached to this Deed as Appendix B. 1. 
  

	2.	KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) the general partner of which is a limited
liability company organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRA 83902, 

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix B. 2. 
  

	3.	KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) the general partner of which is
a limited liability company organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local
court (Amtsgericht) of Munich under registration number HRA 84369, 

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix B. 3. 
  

	4.	KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) the general partner of which is a
limited liability company organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRB 84471, 

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix B. 4. 

Neither the Notary nor the Deponents acting on the basis of the powers of attorney assume any personal liability as to the validity and/or scope of
the powers of attorney presented. 

 The Notary asked the deponents regarding a prior involvement according to sec. 3 para. 1 sent. 1 no. 7
of the German Notarisation Act (Beurkundungsgesetz). After having been instructed by the Notary the deponents and the Notary answered this question in the negative. 

The Deponents requested that this Deed be notarized in the English language. The Notary, who speaks himself fluently the English language, satisfied
himself in the discussion held for the notarization of this Deed that the Deponents speak and understand the English language sufficiently well to understand the legal meaning of the declarations made by them in this Deed. The Notary instructed the
Deponents about their right to demand that this Deed be translated to them by an interpreter into the German language. The Deponents waived this right. 

The Notary advised the persons appearing: 
  

	 	-	that a pledge is a security instrument of strictly accessory nature (which means that it comes into legal existence only if, to the extent that, and as long as, the
underlying secured claims do in fact exist, and that the owners of the secured claims and the pledgees must be identical); 

  

	 	-	that there is no bona fide creation, acquisition nor ranking of a pledge of shares (which means that the pledgees are not protected if the shares purported to be
pledged do not exist, have been previously transferred to a third party, or have been previously encumbered for the benefit of a third party); and 

  

	 	-	that the English original version of this Deed including its Appendices will not be acceptable for enforcement but will have to be translated, by a certified
translator, into German for such purposes; and 

  

	 	-	that the parties hereto are, by operation of law, jointly and severally liable with respect to the payment of all notarial fees, irrespective of any internal agreement
passed in that respect. 

 The Deponents declared that the parties represented by them wish to enter into the following
agreements: 
  

	1.	Supplemental Share Pledge Agreement relating to the shares in 

  

	 	-	Kabel Deutschland Verwaltungs GmbH and 

  

	 	-	Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH 

between Kabel Deutschland GmbH as Pledgor, the Security Agent and the other Finance Parties (each as defined therein) as attached as
Appendix C. 1. 
  

	2.	Supplemental Share Pledge Agreement relating to the shares in 

  

	 	-	Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH, 

  

	 	-	Kabel Deutschland Breitband Services GmbH, 

	 	-	TKS Telepost Kabel-Service Kaiserslautern Beteiligungs-GmbH, 

  

	 	-	Kabelcom Braunschweig Gesellschaft für Breitbandkabel-Kommunikation mit beschränkter Haftung, 

 

	 	-	Kabelcom Wolfsburg Gesellschaft für Breitbandkabel-Kommunikation mit beschränkter Haftung 

between Kabel Deutschland Vertrieb und Service GmbH & Co. KG as Pledgor, the Security Agent and the other Finance Parties (each
as defined therein) as attached as Appendix C. 2. 
  

	3.	Supplemental Interest Pledge Agreement relating to the interests in Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co. KG between Kabel Deutschland
GmbH as Pledgor, the Security Agent and the other Finance Parties (each as defined therein) as attached as Appendix C. 3. 

  

	4.	Supplemental Interest Pledge Agreement relating to the interests in Kabel Deutschland Vertrieb und Service GmbH & Co. KG between Kabel Deutschland GmbH as
Pledgor, the Security Agent and the other Finance Parties (each as defined therein) as attached as Appendix C. 4. 

  

	5.	Supplemental Interest Pledge Agreement relating to the interests in Kabel Deutschland Vertrieb und Service GmbH & Co. KG between Kabel Deutschland Vertrieb und
Service Beteiligungs GmbH & Co. KG as Pledgor, the Security Agent and the other Finance Parties (each as defined therein) as attached as Appendix C. 5. 

 

	6.	Supplemental Interest Pledge Agreement relating to the interests in Kabel Deutschland Vermögen Beteiligungs GmbH & Co. KG between Kabel Deutschland
Vertrieb und Service GmbH & Co. KG as Pledgor, the Security Agent and the other Finance Parties (each as defined therein) as attached as Appendix C. 6. 

 

	7.	Supplemental Interest Pledge Agreement relating to the interests in Kabel Deutschland Vermögen GmbH & Co. KG between Kabel Deutschland Vertrieb und
Service GmbH & Co. KG as Pledgor, the Security Agent and the other Finance Parties (each as defined therein) as attached as Appendix C. 7. 

  

	8.	Supplemental Interest Pledge Agreement relating to the interests in Kabel Deutschland Vermögen GmbH & Co. KG between Kabel Deutschland Vermögen
Beteiligungs GmbH & Co. KG as Pledgor, the Security Agent and the other Finance Parties (each as defined therein) as attached as Appendix C. 8. 

 

	9.	Supplemental Interest Pledge Agreement relating to the interests in TKS Telepost Kabel-Service Kaiserslautern GmbH & Co. KG between Kabel Deutschland Vertrieb
und Service GmbH & Co. KG as Pledgor, the Security Agent and the other Finance Parties (each as defined therein) as attached as Appendix C. 9. 

 All of the supplemental share pledge agreements and supplemental interest pledge agreements referred to
under 1 through to 9 (each inclusive) above form an integral part of this Deed. 
 Notification of the Pledges 

 

	1.	Kabel Deutschland GmbH, the Security Agent and the other Finance Parties (each as defined in Appendix C. 3 hereof) hereby notify the company Kabel Deutschland Vertrieb
und Service Beteiligungs GmbH & Co. KG about the Supplemental Interest Pledge Agreement as attached as Appendix C. 3. Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co. KG hereby accepts and acknowledges such
notification. 

  

	2.	Kabel Deutschland GmbH, the Security Agent and the other Finance Parties (each as defined in Appendix C. 4 hereof) hereby notify the company Kabel Deutschland Vertrieb
und Service GmbH & Co. KG about the Supplemental Interest Pledge Agreement as attached as Appendix C. 4. Kabel Deutschland Vertrieb und Service GmbH & Co. KG hereby accepts and acknowledges such notification.

  

	3.	Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co. KG, the Security Agent and the other Finance Parties (each as defined in Appendix C. 5 hereof)
hereby notify the company Kabel Deutschland Vertrieb und Service GmbH & Co. KG about the Supplemental Interest Pledge Agreement as attached as Appendix C. 5. Kabel Deutschland Vertrieb und Service GmbH & Co. KG hereby
accepts and acknowledges such notification. 

  

	4.	Kabel Deutschland Vertrieb und Service GmbH & Co. KG, the Security Agent and the other Finance Parties (each as defined in Appendix C. 6 hereof) hereby notify
the company Kabel Deutschland Vermögen Beteiligungs GmbH & Co. KG about the Supplemental Interest Pledge Agreement as attached as Appendix C. 6. Kabel Deutschland Vermögen Beteiligungs GmbH & Co. KG hereby accepts
and acknowledges such notification. 

 ************************************** 

The foregoing Deed as well as all attached Appendix C. 1 through to Appendix C. 9, were read aloud to the Deponents in the presence of the Notary,
approved by the Deponents and signed by them and the Notary in their own hands as follows: 
  

	
	 /s/ Oliver Leith

	Dr. Oliver Lieth
	
	 /s/ Stefan Kuhm

	Stefan Kuhm

	
	 /s/ Jens Wilhelm Gölz

	Dr. Jens Wilhelm Gölz
	
	 /s/ André Melchert

	André Melchert
	
	 /s/ Karen Cellarius

	Karen Cellarius
	
	 /s/ Harald Jung

	Dr. Harald Jung
	N o t a r y

  

 APPENDIX C. 1 

SUPPLEMENTAL SHARE PLEDGE AGREEMENT 

RELATING TO THE SHARES IN 

KABEL DEUTSCHLAND VERWALTUNGS GMBH 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE 

BETEILIGUNGS VERWALTUNGS GMBH 

4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND GMBH 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 
 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	  	Page
			
	 1.
	 	Interpretation	  	43
	 2.
	 	Pledges	  	52
	 3.
	 	Independent Pledges	  	53
	 4.
	 	Security Purpose	  	53
	 5.
	 	Dividends	  	53
	 6.
	 	Exercise of Voting Rights	  	54
	 7.
	 	Enforcement of Pledges	  	55
	 8.
	 	Undertakings of the Pledgor	  	56
	 9.
	 	Representations and Warranties	  	57
	 10.
	 	Release of Security	  	57
	 11.
	 	Indemnity	  	58
	 12.
	 	Duration and Independance	  	58
	 13.
	 	Costs and Expenses	  	58
	 14.
	 	Partial Invalidity; Waiver	  	58
	 15.
	 	Amendments	  	59
	 16.
	 	Notices and their Language	  	59
	 17.
	 	Applicable Law; Jurisdiction	  	59
	 18.
	 	Notification	  	60

 THIS SUPPLEMENTAL SHARE PLEDGE AGREEMENT (the Agreement) is made on 4 February 2010

 BETWEEN 
  

	(1)	KABEL DEUTSCHLAND GMBH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its
corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837,

 (the Pledgor) 

on one side; and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am
Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent); and 
  

	(3)	the other FINANCE PARTIES (as defined in Clause 1.1 below), 

on the other side. 
 The
Security Agent and each Original Finance Party (as defined below) are hereinafter referred to individually as an Original Pledgee and together as the Original Pledgees. 

The Pledgor and the Pledgees (as defined below) are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to demand
performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Pledgor enters into this Agreement.

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Facility Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Facility Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

  

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Company means each of: 

 

	 	(a)	Kabel Deutschland Verwaltungs GmbH; and 

  

	 	(b)	Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH. 

Commitment Letter means the commitment letter dated on or about the date of the Credit Agreement between the Mandated Lead
Arrangers, the Original Lenders, KDG and KDVS. 

 Compliance Certificate means any compliance certificate issued or to be issued by any
Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Eligible
Terms means, in respect of any Additional Facility: 
  

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	 the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all
relevant Security Documents (whether through execution of new documents or amendment to existing documents) or (in each case) to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant
Security Documents means Security Documents comprising the same assets and shares comprised in Security Documents executed prior to the establishment 

	 	 
of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place (with the proceeds of enforcement of all Security Documents subject to the sharing
provisions of the Priority Agreement). 

 Escaline means Escaline S.à r.l., a limited
liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy, Luxembourg and being registered
with the Luxembourg trade register under registration number B 111 789. 
 Euro, euro, EUR or € means the
single European currency introduced 1 January 1999. 
 Existing Share(s) shall have the meaning ascribed to that term
in Clause 2.1 (c) below. 
 Existing Senior Share Pledge Agreements means the relevant share pledge agreements
between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G 240/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006.

 Existing Second Ranking High Yield Share Pledge Agreements means the share pledge agreements between, amongst others,
the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G 242/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

External Facility means any credit agreement which has Eligible Terms. 

Event of Default means an event of default under any of the Finance Documents, which entitles the Facility Agent to declare that
all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankurt, a public limited company, having its registered office
at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at:
Junghofstrasse 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

Facility A1 means the English law governed up to EUR 1,150,000,000 term loan facility made or to be made available to KDVS
and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility C1 means the English law
governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C. 

Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative Parties and an
Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 

 Finance Document means: 

 

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Pledgee means any person that becomes a party to any Finance Document as a Finance Party after the date of this Agreement.

 Future Shares means any and all shares in any Company issued in addition to the relevant Existing Shares which the
Pledgor may acquire and/or receive otherwise in future (including shares newly issued by way of capital increase (Kapitalerhöhung) or by any other cause at law). 

Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 Kabel Deutschland
Vertrieb und Service Beteiligungs Verwaltungs GmbH means Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of
Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRB
153081. 
 Kabel Deutschland Verwaltungs GmbH means Kabel Deutschland Verwaltungs GmbH, a limited liability company
(Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at
the Local Court (Amtsgericht) of Munich under registration number HRB 145835. 
 KDG means Kabel Deutschland GmbH,
a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register
(Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDG
Merger means a merger (whether by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG. 

KDVS means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft)
organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich
under registration number HRA 83902. 
 Lender means: 

 

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each of the
entities listed in Schedule 2 Part 2 of this Agreement. 
 Original Directly Secured Lender means each of the entities
listed in Schedule 3 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party; 

  

	 	(b)	each Underwriter; 

  

	 	(c)	each Original Directly Secured Lender; and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 2 Part 1 of this Agreement. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 
 Permitted Acquisition means any one or more acquisitions by KDVS, and following the effectiveness of the
KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or 

 
other ownership interests in a limited liability company or limited liability partnership or of any existing business carried on as a going concern where the acquired company or partnership and
each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally in the Core Business in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with
the considerations for each other such permitted acquisitions since the date of the Credit Agreement, Euro 800,000,000. 

Pledge means each of the pledges constituted under Clause 2.2. 

Pledgee means each Original Pledgee and any Future Pledgee (together the Pledgees). 

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a
supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others,
KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Request means any
request for the draw down of any credit facility under the Credit Agreement by any Obligor. 
 Secured Claims means all
present and future rights and claims (Ansprüche) (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance
Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including, without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs,
charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection, preservation or enforcement of their respective rights under the Finance Documents. 

Security means any and all security granted to secure the Secured Claims. 

Security Document means any document evidencing or creating security over any asset of any Obligor to secure any obligation of any
Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter alia, the
Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Shares means each of the Existing Shares and the Future Shares. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

 Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed
add-on facility accession agreement dated 24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substitution agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel,
Switzerland) the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt
Holding GmbH as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the Substitution
Agreement). 
 Underwriter means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Pledgees unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	2.	PLEDGES 

  

	2.1	Pledged Shares 

  

	 	(a)	The Pledgor is the sole shareholder of Kabel Deutschland Verwaltungs GmbH. 

 

	 	(i)	The total registered share capital (Stammkapital) of Kabel Deutschland Verwaltungs GmbH amounts to Euro 25,000.— (in words: Euro Twentyfivethousand).
The Pledgor holds all shares in Kabel Deutschland Verwaltungs GmbH in an aggregate amount of Euro 25,000.— (in words: Euro Twentyfivethousand) (the Existing Kabel Deutschland Verwaltungs GmbH Shares). There are no other shares in
Kabel Deutschland Verwaltungs GmbH. 

  

	 	(ii)	The Existing Kabel Deutschland Verwaltungs GmbH Shares are fully paid up. There is no obligation for the Pledgor to make additional contributions.

  

	 	(b)	The Pledgor is the sole shareholder of Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH. 

 

	 	(i)	The total registered share capital (Stammkapital) of Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH amounts to Euro 25,000.— (in
words: Euro Twentyfivethousand). The Pledgor holds all shares in Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH in an aggregate amount of Euro 25,000.— (in words: Euro Twentyfivethousand) (the Existing Kabel
Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH Shares). There are no other shares in Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH. 

 

	 	(ii)	The Existing Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH Shares are fully paid up. There is no obligation for the Pledgor to make additional
contributions. 

  

	 	(c)	The Existing Kabel Deutschland Verwaltungs GmbH Shares and the Existing Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH Shares are individually
referred to as an Existing Share and collectively referred to as the Existing Shares. 

  

	2.2	Constitution of Pledges 

  

	 	(a)	The Pledgor hereby pledges the Shares to each of the Original Pledgees and to each Future Pledgee for their rateable interest as security. 

 

	 	(b)	Each of the Original Pledgees hereby accepts the Pledge. In addition, the Security Agent accepts each of the Pledges for and on behalf of each Future Pledgee hereunder
as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust Agreement thereby becoming a Pledgee. All Parties
hereto confirm that the validity of any of the Pledges constituted hereunder shall not be affected by the Security Agent acting as proxy without power of attorney for each Future Pledgee. 

	3.	INDEPENDENT PLEDGES 

  

	 	(a)	The validity and effect of each of the Pledges shall be independent from the validity and the effect of any of the other Pledges created hereunder and is in addition,
and without any prejudice, to any other security which any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Pledges to each of the Pledgees shall be separate and individual pledges. Each of the Pledges
shall rank pari passu to each other Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact that the Shares have already been pledged pursuant to the Existing Senior Share Pledge Agreements and the Existing Second Ranking High
Yield Share Pledge Agreements shall not in any way prejudice the creation of the Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind (nachrangig) to any
security interest constituted under the Existing Senior Share Pledge Agreements and the Existing Second Ranking High Yield Share Pledge Agreements, as long as any security interest constituted under the Existing Senior Share Pledge Agreements and/or
the Existing Second Ranking High Yield Share Pledge Agreements are in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Pledges, to the extent the Pledges relate to monetary receivables, is
limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Share Pledge Agreements and the Existing Second Ranking High Yield Share Pledge Agreements. 

 

	 	(c)	The Parties further acknowledge that although the Pledges would rank behind any security interest under the Existing Second Ranking High Yield Share Pledge Agreements
the priority to any realisation proceeds as agreed upon in the Priority Agreement shall remain unaffected. 

  

	 	(d)	Any security interest constituted under the Existing Senior Share Pledge Agreements and the Existing Second Ranking High Yield Share Pledge Agreements and any other
term and agreement of any of Existing Senior Share Pledge Agreements and the Existing Second Ranking High Yield Share Pledge Agreements shall remain unaffected by the terms of and any security interest constituted under this Agreement.

  

	4.	SECURITY PURPOSE 

 The
Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DIVIDENDS 

  

	5.1	Extent of the Pledge 

 The
Pledge constituted by this Agreement includes the present and future rights to receive 
  

	 	(a)	dividends, if any, payable on the Shares; 

  

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of a shareholder of the relevant Company, the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with the Shares; and 

 

	 	(c)	the right to subscribe for newly issued shares. 

	5.2	Entitlement to Receive Dividend Payments 

Notwithstanding that the dividends are pledged hereunder, the Pledgor shall be entitled to receive and retain all dividend payments in
respect of the Shares until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any dividend payments in respect of the Shares are no longer permitted to be made to
the Pledgor, in which case the payments are to be made to the Security Agent. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	dividends paid or payable to the Pledgor other than in cash and other property received (Sachdividenden), receivable or otherwise distributed in respect of or in
exchange for the Shares; 

  

	 	(b)	dividends or other distributions paid or payable to the Pledgor in cash in respect of the Shares in connection with the partial or total liquidation or dissolution or
in connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Shares; 

 

	 	(d)	dividends paid to the Security Agent in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Agent for itself and for the other Pledgees to be held as security and shall, if
received by the Pledgor, be received as holder for the Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Agent for itself and for the Pledgees as security in the same form as so
received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or dividends shall not be affected by this Clause 5.3. 

 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Shares remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 7.1 below. The Pledgor, however, shall at all times until the full and complete satisfaction of all Secured Claims
or the release of the Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Pledges are not in any way adversely affected. 
  

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 4 hereof or which would defeat, impair or
circumvent the rights of the Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Security Agent promptly of all other actions concerning the relevant Company which might adversely affect the
security interest of the Pledgees. In particular, the Pledgor shall notify the Security Agent forthwith of any shareholders’ meeting at which a resolution 

 
is intended to be adopted which could be expected to have an adverse effect upon the Pledges. In any event the Security Agent shall promptly receive, as soon as they are available, a copy of the
convocation notice for such ordinary or extraordinary shareholders’ meeting setting forth the agenda (to the extent it relates to such resolution) and all applications and decisions to be taken and the minutes of any such shareholders’
meeting (in each case to the extent they relate to such resolution). 
  

	7.	ENFORCEMENT OF PLEDGES 

  

	7.1	Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Pledgees may enforce any of the Pledges (or any part thereof) through the Security Agent by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases notwithstanding § 1277 of
the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Agent shall notify the Pledgor of the intention to realise any of the Pledges over the Shares not less than 5 (five) Business Days before the date on which
the respective Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public auction shall be
sufficient. The public auction may be held at any place in Germany which will be determined by the Security Agent. 

  

	 	(c)	If the Security Agent should seek to enforce any of the Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at his own expense, render
forthwith all assistance necessary in order to facilitate the prompt sale of the Shares or any part thereof and/or the exercise by the Security Agent of any other right the Pledgees may have under German law. 

 

	 	(d)	The Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Pledgees shall at all times until the full and complete satisfaction
of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

  

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of Pledges, no rights of the Pledgees shall pass to the Pledgor by subrogation
or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Agent shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims, notwithstanding
its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Shares may be applied by the Security Agent in satisfaction in whole or in part of the Secured Claims notwithstanding the Pledgees’ right to treat such payments as additional collateral. 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of the Pledge must be applied by the Security Agent in the following order of priority: 

 

	 	(i)	first, in or towards payment of, or provision for, all costs and expenses incurred by the Security Agent in connection with the enforcement of the Pledge; and

  

	 	(ii)	second, in or towards payment of the Secured Claims by transferring the proceeds to the Facility Agent for distribution. 

 

	 	(b)	The Security Agent may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Agent shall confirm to the Pledgor upon its request that the
Shares are released from the Pledges and retransfer to the Pledgor any documents received by the Security Agent or any designee pursuant to Clause 7.1(f) hereof. 
  

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes: 
  

	 	(a)	to notify the Security Agent promptly of any change in the shareholding in, or the capital contributions to, each of the Companies or of any change in the articles of
association (Satzung) or the registration of each of the Companies in the commercial register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Agent promptly of any event or circumstance other than interpretation of laws which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to each of the Companies in respect of the Shares; 

 

	 	(d)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

	 	(ii)	if the Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Shares which are subject to this Agreement and
the exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to
execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; 

 

	 	(e)	 at the Security Agent’s reasonable request, to furnish to the Security Agent such information concerning the Shares as is available to the
Pledgor, to permit the Security Agent and its designees to inspect, audit and make copies of and extracts from all records and all other 

	 	 
papers in the possession of the Pledgor which pertain to the Shares on reasonable notice and during normal business hours, and, upon the reasonable request of the Security Agent, to deliver to
the Security Agent copies of all such records and papers; 

  

	 	(f)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Pledges or the effect of which results in the Shares
ceasing to exist; and 

  

	 	(g)	to procure that all Future Shares will be fully paid and that there will be no obligation for any shareholder in each of the Companies to make additional contributions.

  

	8.2	Pledges over all Shares 

The Security Agent may at all times for itself and for the Pledgees request to hold a pledge over all Shares held by the Pledgor (and in
the case of a merger an equivalent security interest over the shares in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Pledgees that: 
  

	 	(a)	the Existing Shares pledged hereunder are the only shares in the Companies in existence at the date hereof; 

 

	 	(b)	except for any restrictions under the Existing Senior Share Pledge Agreements and/or the Existing Second Ranking High Yield Share Pledge Agreements, the Pledgor is not
subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing Shares; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Shares are fully paid and there is no obligation for a shareholder to make additional contributions; and 

 

	 	(e)	except for any rights under the Existing Senior Share Pledge Agreements and/or the Second Ranking Existing High Yield Share Pledge Agreements, the Existing Shares are
free from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for shares in any of the Companies; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of each of the Companies. 

 

	10.	RELEASE OF SECURITY 

 Even
prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the Pledgor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to
the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily, the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released.

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Agent nor the Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of such loss or
damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	11.2	Indemnification 

 The
Pledgor will indemnify the Security Agent and each of the Pledgees and keep the Security Agent and each of the Pledgees indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by or made against the
Security Agent and/or each of the Pledgees as a result of any breach of the Pledgor of any of its obligations or undertakings contained herein except to the extent that such losses, actions, claims, expenses, demands or liabilities have resulted
from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Pledgees or the Security Agent. 
  

	11.3	This Clause 11 shall survive the termination of this Agreement under Clause 12 or otherwise. 

 

	12.	DURATION AND INDEPENDANCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the Secured
Claims. 
  

	12.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever in any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	12.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or any of the other Pledgees with respect to any obligation of any of the Obligors under the Finance Documents. None of such
other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 
  

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 

 In particular the Pledges shall not be affected and shall in any event extend to any and all
Shares in the Companies even if the number or nominal value of the relevant Existing Shares or the aggregate liable capital of the relevant Company as stated in Clause 2.1(a) to (g) (each inclusive) are inaccurate and deviate from the actual
facts. 
  

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Agent or the Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by
law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Agent and/or the Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number
of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time. 

 

	16.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 
  

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

	17.2	Jurisdiction 

 The place
of jurisdiction (including for any non-contractual obligations arising out of or in connection with this Agreement) for all Parties shall be Frankfurt am Main, Germany. The Security Agent and/or any of the other Finance Parties, however, shall also
be entitled to take legal action against the Pledgor before any other competent court of law having jurisdiction over the Pledgor or any of its assets. 

	18.	NOTIFICATION 

 The Pledgor
and the Pledgees hereby instruct and authorise the undersigned notary public to notify each of the Companies of the Pledges by means of forwarding a certified copy of this Agreement to each of the Companies by registered mail (return receipt
requested). 

 APPENDIX C. 2 

SUPPLEMENTAL SHARE PLEDGE AGREEMENT 

RELATING TO THE SHARES IN 

KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS VERWALTUNGS GMBH 

KABEL DEUTSCHLAND BREITBAND SERVICES GMBH 

TKS TELEPOST KABEL-SERVICE KAISERSLAUTERN BETEILIGUNGS-GMBH 

KABELCOM BRAUNSCHWEIG GESELLSCHAFT FÜR BREITBANDKABEL-KOMMUNIKATION MIT BESCHRÄNKTER HAFTUNG 

KABELCOM WOLFSBURG GESELLSCHAFT FÜR BREITBANDKABEL-KOMMUNIKATION MIT BESCHRÄNKTER HAFTUNG 

4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	  	Page
			
	 1.
	 	Interpretation	  	64
	 2.
	 	Pledges	  	73
	 3.
	 	Independent Pledges	  	75
	 4.
	 	Security Purpose	  	76
	 5.
	 	Dividends	  	76
	 6.
	 	Exercise of Voting Rights	  	77
	 7.
	 	Enforcement of Pledges	  	77
	 8.
	 	Undertakings of the Pledgor	  	79
	 9.
	 	Representations and Warranties	  	80
	 10.
	 	Release of Security	  	80
	 11.
	 	Indemnity	  	80
	 12.
	 	Duration and Independance	  	81
	 13.
	 	Costs and Expenses	  	81
	 14.
	 	Partial Invalidity; Waiver	  	81
	 15.
	 	Amendments	  	82
	 16.
	 	Notices and their Language	  	82
	 17.
	 	Applicable Law; Jurisdiction	  	82
	 18.
	 	Notification	  	82

 THIS SUPPLEMENTAL SHARE PLEDGE AGREEMENT (the Agreement) is made on 4 February 2010

 BETWEEN 
  

	(1)	KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) the general partner of which is a limited
liability company organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRA 83902, 

 (the Pledgor) 

on one side; and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am
Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent); and 
  

	(3)	the other FINANCE PARTIES (as defined in Clause 1.1 below), 

on the other side. 
 The
Security Agent and each Original Finance Party (as defined below) are hereinafter referred to individually as an Original Pledgee and together as the Original Pledgees. 

The Pledgor and the Pledgees (as defined below) are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to demand
performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Pledgor enters into this Agreement.

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Facility Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010between the Facility Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

  

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Company means each of: 

 

	 	(a)	Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH; 

  

	 	(b)	Kabel Deutschland Breitband Services GmbH; 

  

	 	(c)	TKS Telepost Kabel-Service Kaiserslautern Beteiligungs-mbH; 

	 	(d)	Kabelcom Braunschweig mbH; and 

  

	 	(e)	Kabelcom Wolfsburg mbH. 

Commitment Letter means the commitment letter dated on or about the date of the Credit Agreement between the Mandated Lead
Arrangers, the Original Lenders, KDG and KDVS. 
 Compliance Certificate means any compliance certificate issued or to be
issued by any Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Eligible
Terms means, in respect of any Additional Facility: 
  

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

	 	(f)	the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all relevant Security
Documents (whether through execution of new documents or amendment to existing documents) or (in each case) to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant Security Documents
means Security Documents comprising the same assets and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place
(with the proceeds of enforcement of all Security Documents subject to the sharing provisions of the Priority Agreement). 

Escaline means Escaline S.à r.l., a limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy, Luxembourg and being registered with the Luxembourg trade register under registration number B 111 789.

 Euro, euro, EUR or € means the single European currency introduced 1 January 1999. 

Existing Share(s) shall have the meaning ascribed to that term in Clause 2.1 (h) below. 

Existing Senior Share Pledge Agreements means: 
  

	 	(a)	the relevant share pledge agreements between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G
240/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; 

  

	 	(b)	the share pledge agreement between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. 10/2006 of
notary public Dr. Niklaus E. Schiess with his offices in Basel, Switzerland) dated 11/12 May 2006; and 

  

	 	(c)	the relevant share pledge agreements between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds
No. 168 for 2008 of notary public Werner Leipnitz with his offices in Frankfurt a.M., Germany) dated 29 April 2008. 

Existing Second Ranking High Yield Share Pledge Agreement means the share pledge agreement between, amongst others, the Pledgor and
the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G 242/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

External Facility means any credit agreement which has Eligible Terms. 

Event of Default means an event of default under any of the Finance Documents, which entitles the Facility Agent to declare that
all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankurt, a public limited company, having its registered office
at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at:
Junghofstrasse 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

 Facility A1 means the English law governed up to EUR 1,150,000,000 term loan
facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility C1 means the English law
governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C. 

Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative Parties and an
Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 
 Finance
Document means: 
  

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Pledgee means any person that becomes a party to any Finance Document as a Finance Party after the date of this Agreement.

 Future Shares means any and all shares in any Company issued in addition to the
relevant Existing Shares which the Pledgor may acquire and/or receive otherwise in future (including shares newly issued by way of capital increase (Kapitalerhöhung) or by any other cause at law). 

Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 Kabelcom Braunschweig
mbH means KABELCOM Braunschweig Gesellschaft für Breitbandkabel-Kommunikation mit beschränkter Haftung, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its
corporate seat in Braunschweig, Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Braunschweig under registration number HRB 2020. 

Kabelcom Wolfsburg mbH means KABELCOM Wolfsburg Gesellschaft für Breitbandkabel-Kommunikation mit beschränkter Haftung, a
limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Wolfsburg, Germany, which is registered in the commercial register (Handelsregister) at the
local court (Amtsgericht) of Braunschweig under registration number HRB 100092. 
 Kabel Deutschland Breitband Services
GmbH means Kabel Deutschland Breitband Services GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis
München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 122932. 

Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH means Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH,
a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis Munich), Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 153401. 

 KDG means Kabel Deutschland GmbH, a limited liability company (Gesellschaft mit
beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court
(Amtsgericht) of Munich under registration number HRB 145837. 
 KDG Merger means a merger (whether by way of
statutory merger, collapse merger or by any other cause at law) between KDVS and KDG. 
 KDVS means Kabel Deutschland
Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in
the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Lender means: 
  

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each of the
entities listed in Schedule 2 Part 2 of this Agreement. 
 Original Directly Secured Lender means each of the entities
listed in Schedule 3 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Directly Secured Lender; and 

  

	 	(d)	each Original Hedging Bank. 

 Original Hedging Bank means each of: 

 

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 2 Part 1 of this Agreement. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 
 Permitted Acquisition means any one or more acquisitions by KDVS, and following the effectiveness of the
KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership interests in a limited liability company or limited liability
partnership or of any existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally in the Core Business
in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions since the date of the Credit Agreement, Euro 800,000,000.

 Pledge means each of the pledges constituted under Clause 2.2. 

Pledgee means each Original Pledgee and any Future Pledgee (together the Pledgees). 

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a
supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others,
KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Request means any
request for the draw down of any credit facility under the Credit Agreement by any Obligor. 
 Secured Claims means all
present and future rights and claims (Ansprüche) (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance
Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including, without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs,
charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection, preservation or enforcement of their respective rights under the Finance Documents. 

 Security means any and all security granted to secure the Secured Claims. 

Security Document means any document evidencing or creating security over any asset of any Obligor to secure any obligation of any
Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter alia, the
Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Shares means each of the Existing Shares and the Future Shares. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substation agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel, Switzerland)
the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt Holding GmbH
as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the Substitution Agreement).

 TKS Telepost Kabel-Service Kaiserslautern Beteiligungs-GmbH means TKS Telepost Kabel-Service Kaiserslautern
Beteiligungs-GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Kaiserslautern, Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Kaiserslautern under registration number HRB 2682. 

Underwriter means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Pledgees unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	2.	PLEDGES 

  

	2.1	Pledged Shares 

  

	 	(a)	The Pledgor is the sole shareholder of Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH. 

 

	 	(i)	The total registered share capital (Stammkapital) of Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH amounts to Euro 25,000.— (in words:
Euro Twentyfivethousand). The Pledgor holds all shares in Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH in an aggregate amount of Euro 25,000.— (in words: Euro Twentyfivethousand) (the Existing Kabel Deutschland
Vermögen Beteiligungs Verwaltungs GmbH Shares). There are no other shares in Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH. 

  

	 	(ii)	The Existing Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH Shares are fully paid up. There is no obligation for the Pledgor to make additional
contributions. 

	 	(b)	The Pledgor is the sole shareholder of Kabel Deutschland Breitband Services GmbH. 

 

	 	(i)	The total registered share capital (Stammkapital) of Kabel Deutschland Breitband Services GmbH amounts to Euro 3,069,000.— (in words: Euro Three
million and sixty nine thousand). The Pledgor holds all shares in Kabel Deutschland Breitband Services GmbH in an aggregate amount of Euro 3,069,000.— (in words: Euro Three million and sixty nine thousand) (the Existing Kabel
Deutschland Breitband Services GmbH Shares). There are no other shares in Kabel Deutschland Breitband Services GmbH. 

  

	 	(ii)	The Existing Kabel Deutschland Breitband Services GmbH Shares are fully paid up. There is no obligation for the Pledgor to make additional contributions.

  

	 	(c)	The Pledgor is the sole shareholder of TKS Telepost Kabel-Service Kaiserslautern Beteiligungs-GmbH. 

 

	 	(i)	The total registered share capital (Stammkapital) of TKS Telepost Kabel-Service Kaiserslautern Beteiligungs-GmbH amounts to DM 100,000.— (in words:
Deutsche Mark One hundred thousand). The Pledgor holds all shares in TKS Telepost Kabel-Service Kaiserslautern Beteiligungs-GmbH in an aggregate amount of DM 100,000.— (in words: Deutsche Mark One hundred thousand) (the Existing TKS
Telepost Kabel-Service Kaiserslautern Beteiligungs-GmbH Shares). There are no other shares in TKS Telepost Kabel-Service Kaiserslautern Beteiligungs-GmbH. 

 

	 	(ii)	The Existing TKS Telepost Kabel-Service Kaiserslautern Beteiligungs-GmbH Shares are fully paid up. There is no obligation for the Pledgor to make additional
contributions. 

  

	 	(d)	The Pledgor and Braunschweiger Zeitungsverlag-Druckhaus Albert Limbach GmbH & Co. KG are the sole shareholders of Kabelcom Braunschweig mbH.

  

	 	(i)	The total registered share capital (Stammkapital) of Kabelcom Braunschweig mbH amounts to DM 2,000,000.— (in words: Deutsche Mark Two Million). The
Pledgor holds two shares in Kabelcom Braunschweig mbH in an amount of DM 1,511,600.— (in words: Deutsche Mark One million five hundredthousand and sixhundred) and in an amount of DM 480,000 (in words: Deusche Mark four hundred and
eighty thousand) (collectively the Existing Kabelcom Braunschweig mbH Shares). 

  

	 	(ii)	Braunschweiger Zeitungsverlag-Druckhaus Albert Limbach GmbH & Co. KG holds one share in Kabelcom Braunschweig mbH in an amount of DM 8,400.— (in
words: Deutsche Mark Eight thousand and four hundred) There are no other shares in Kabelcom Braunschweig mbH. 

  

	 	(iii)	The Existing Kabelcom Braunschweig mbH Shares are fully paid up. There is no obligation for the Pledgor to make additional contributions. 

 

	 	(e)	The Pledgor, Braunschweiger Zeitungsverlag-Druckhaus Albert Limbach GmbH & Co. KG and Ms. Sigrid Wisserodt are the sole shareholders of Kabelcom Wolfsburg
mbH. 

  

	 	(i)	 The total registered share capital (Stammkapital) of Kabelcom Wolfsburg mbH amounts to DM 1,000,000.— (in words: Deutsche Mark One
Million). The Pledgor holds three shares in Kabelcom Wolfsburg mbH in an amount of Euro 370,690.— (in words: Euro Threehundredandseventythousand and sixhundredandninety), in an

	 	 
amount of Euro 122,729.— (in words: Euro Onehundredandtwentytwothousand and sevenhundred and twenty nine) and Euro 5,911.— (in words: Euro Fivethousand and
ninehundredandeleven) (collectively the Existing Kabelcom Wolfsburg mbH Shares). 

  

	 	(ii)	Braunschweiger Zeitungsverlag-Druckhaus Albert Limbach GmbH & Co. KG holds one share in Kabelcom Wolfsburg mbH in an amount of Euro 5,983.— (in
words: Euro Fivethousand and ninehundredandeightythree) and Ms. Sigrid Wisserodt holds two shares in Kabelcom Wolfsburg mbH in an amount of Euro 5,983.— (in words: Euro Fivethousand and ninehundredandeightythree) and in an
amount of Euro 72.— (in words: Euro Seventytwo). There are no other shares in Kabelcom Wolfsburg mbH. 

  

	 	(iii)	The Existing Kabelcom Wolfsburg mbH Shares are fully paid up. There is no obligation for the Pledgor to make additional contributions. 

 

	 	(f)	The Existing Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH Shares, the Existing Kabel Deutschland Breitband Services GmbH Shares, the Existing TKS
Telepost Kabel-Service Kaiserslautern Beteiligungs-GmbH Shares, the Existing Kabelcom Braunschweig mbH Shares and the Existing Kabelcom Wolfsburg mbH Shares are individually referred to as an Existing Share and collectively referred to as the
Existing Shares. 

  

	2.2	Constitution of Pledges 

  

	 	(a)	The Pledgor hereby pledges the Shares to each of the Original Pledgees and to each Future Pledgee for their rateable interest as security. 

 

	 	(b)	Each of the Original Pledgees hereby accepts the Pledge. In addition, the Security Agent accepts each of the Pledges for and on behalf of each Future Pledgee hereunder
as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust Agreement thereby becoming a Pledgee. All Parties
hereto confirm that the validity of any of the Pledges constituted hereunder shall not be affected by the Security Agent acting as proxy without power of attorney for each Future Pledgee. 

 

	3.	INDEPENDENT PLEDGES 

  

	 	(a)	The validity and effect of each of the Pledges shall be independent from the validity and the effect of any of the other Pledges created hereunder and is in addition,
and without any prejudice, to any other security which any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Pledges to each of the Pledgees shall be separate and individual pledges. Each of the Pledges
shall rank pari passu to each other Pledge created hereunder. 

  

	 	(b)	 The Parties agree that the fact that the Shares have already been pledged pursuant to the Existing Senior Share Pledge Agreements and the Existing
Second Ranking High Yield Share Pledge Agreements shall not in any way prejudice the creation of the Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind
(nachrangig) to any security interest constituted under the Existing Senior Share Pledge Agreements and the Existing Second Ranking High Yield Share Pledge Agreements, as long as any security interest constituted under the Existing Senior
Share Pledge Agreements and/or the Existing Second Ranking High Yield Share Pledge Agreements are in full force and effect. The Parties confirm that it is understood 

	 	 
between them that the enforceability of the Pledges, to the extent the Pledges relate to monetary receivables, is limited by operation of law as long as it is encumbered with any security
interest constituted under the Existing Senior Share Pledge Agreements and/or the Existing Second Ranking High Yield Share Pledge Agreements. 

  

	 	(c)	The Parties further acknowledge that although the Pledges would rank behind any security interest under the Existing Second Ranking High Yield Share Pledge Agreements
the priority to any realisation proceeds as agreed upon in the Priority Agreement shall remain unaffected. 

  

	 	(d)	Any security interest and pledge constituted under any of the Existing Senior Share Pledge Agreements and the Existing Second Ranking High Yield Share Pledge Agreements
and any other term and agreement of any of the Existing Senior Share Pledge Agreements and the Existing Second Ranking High Yield Share Pledge Agreements shall remain unaffected by the terms of and any security interest constituted under this
Agreement. 

  

	4.	SECURITY PURPOSE 

 The
Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DIVIDENDS 

  

	5.1	Extent of the Pledge 

 The
Pledge constituted by this Agreement includes the present and future rights to receive 
  

	 	(a)	dividends, if any, payable on the Shares; 

  

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of a shareholder of the relevant Company, the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with the Shares; and 

 

	 	(c)	the right to subscribe for newly issued shares. 

  

	5.2	Entitlement to Receive Dividend Payments 

Notwithstanding that the dividends are pledged hereunder, the Pledgor shall be entitled to receive and retain all dividend payments in
respect of the Shares until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any dividend payments in respect of the Shares are no longer permitted to be made to
the Pledgor, in which case the payments are to be made to the Security Agent. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	dividends paid or payable to the Pledgor other than in cash and other property received (Sachdividenden), receivable or otherwise distributed in respect of or in
exchange for the Shares; 

  

	 	(b)	dividends or other distributions paid or payable to the Pledgor in cash in respect of the Shares in connection with the partial or total liquidation or dissolution or
in connection with the reduction of capital, capital surplus or paid-in surplus; and 

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Shares; 

 

	 	(d)	dividends paid to the Security Agent in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Agent for itself and for the other Pledgees to be held as security and shall, if
received by the Pledgor, be received as holder for the Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Agent for itself and for the Pledgees as security in the same form as so
received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or dividends shall not be affected by this Clause 5.3. 

 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Shares remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 7.1 below. The Pledgor, however, shall at all times until the full and complete satisfaction of all Secured Claims
or the release of the Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Pledges are not in any way adversely affected. 
  

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 4 hereof or which would defeat, impair or
circumvent the rights of the Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Security Agent promptly of all other actions concerning the relevant Company which might adversely affect the
security interest of the Pledgees. In particular, the Pledgor shall notify the Security Agent forthwith of any shareholders’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect upon the
Pledges. In any event the Security Agent shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary shareholders’ meeting setting forth the agenda (to the extent it relates to such
resolution) and all applications and decisions to be taken and the minutes of any such shareholders’ meeting (in each case to the extent they relate to such resolution). 

 

	7.	ENFORCEMENT OF PLEDGES 

  

	7.1	Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Pledgees may enforce any of the Pledges (or any part thereof) through the Security Agent by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases notwithstanding § 1277 of
the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

	 	(b)	The Security Agent shall notify the Pledgor of the intention to realise any of the Pledges over the Shares not less than 5 (five) Business Days before the date on which
the respective Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public auction shall be
sufficient. The public auction may be held at any place in Germany which will be determined by the Security Agent. 

  

	 	(c)	If the Security Agent should seek to enforce any of the Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at his own expense, render
forthwith all assistance necessary in order to facilitate the prompt sale of the Shares or any part thereof and/or the exercise by the Security Agent of any other right the Pledgees may have under German law. 

 

	 	(d)	The Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Pledgees shall at all times until the full and complete satisfaction
of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

  

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of Pledges, no rights of the Pledgees shall pass to the Pledgor by subrogation
or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Agent shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims, notwithstanding
its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Shares may be applied by the Security Agent in satisfaction in whole or in part of the Secured Claims notwithstanding the Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of the Pledge must be applied by the Security Agent in the following order of priority: 

 

	 	(i)	first, in or towards payment of, or provision for, all costs and expenses incurred by the Security Agent in connection with the enforcement of the Pledge; and

  

	 	(ii)	second, in or towards payment of the Secured Claims by transferring the proceeds to the Facility Agent for distribution. 

 

	 	(b)	The Security Agent may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Agent shall confirm to the Pledgor upon its request that the
Shares are released from the Pledges and retransfer to the Pledgor any documents received by the Security Agent or any designee pursuant to Clause 7.1(f) hereof. 
  

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes: 
  

	 	(a)	to notify the Security Agent promptly of any change in the shareholding in, or the capital contributions to, each of the Companies or of any change in the articles of
association (Satzung) or the registration of each of the Companies in the commercial register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Agent promptly of any event or circumstance other than interpretation of laws which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to each of the Companies in respect of the Shares; 

 

	 	(d)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

	 	(ii)	if the Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Shares which are subject to this Agreement and
the exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to
execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; 

 

	 	(e)	at the Security Agent’s reasonable request, to furnish to the Security Agent such information concerning the Shares as is available to the Pledgor, to permit the
Security Agent and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Shares on reasonable notice and during normal business hours, and, upon
the reasonable request of the Security Agent, to deliver to the Security Agent copies of all such records and papers; 

  

	 	(f)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Pledges or the effect of which results in the Shares
ceasing to exist; and 

  

	 	(g)	to procure that all Future Shares will be fully paid and that there will be no obligation for any shareholder in each of the Companies to make additional contributions.

  

	8.2	Pledges over all Shares 

The Security Agent may at all times for itself and for the Pledgees request to hold a pledge over all Shares held by the Pledgor (and in
the case of a merger an equivalent security interest over the shares in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Pledgees that: 
  

	 	(a)	the Existing Shares pledged hereunder are the only shares in the Companies in existence at the date hereof; 

 

	 	(b)	except for any restrictions under the Existing Senior Share Pledge Agreements and/or the Existing Second Ranking High Yield Share Pledge Agreement, the Pledgor is not
subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing Shares; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Shares are fully paid and there is no obligation for a shareholder to make additional contributions; and 

 

	 	(e)	except for any rights under the Existing Senior Share Pledge Agreements and/or the Second Ranking Existing High Yield Share Pledge Agreement, the Existing Shares are
free from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for shares in any of the Companies; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of each of the Companies, except for Braunschweiger
Zeitungsverlag GmbH & Co. KG and Ms. Sigrid Wisserodt in respect of their shares in the relevant Company existing at the date hereof. 

  

	10.	RELEASE OF SECURITY 

 Even
prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the Pledgor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to
the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily, the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released.

  

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Agent nor the Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of such loss or
damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	11.2	Indemnification 

 The
Pledgor will indemnify the Security Agent and each of the Pledgees and keep the Security Agent and each of the Pledgees indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by or made against the
Security Agent and/or each of the Pledgees as a result of any breach of the Pledgor of any of its obligations or undertakings contained herein except to the extent that such losses, actions, claims, expenses, demands or liabilities have resulted
from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Pledgees or the Security Agent. 

	11.3	This Clause 11 shall survive the termination of this Agreement under Clause 12 or otherwise. 

 

	12.	DURATION AND INDEPENDANCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the Secured
Claims. 
  

	12.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever in any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	12.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or any of the other Pledgees with respect to any obligation of any of the Obligors under the Finance Documents. None of such
other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 
  

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular the Pledges shall not be affected and shall in any event extend
to any and all Shares in the Companies even if the number or nominal value of the relevant Existing Shares or the aggregate liable capital of the relevant Company as stated in Clause 2.1(a) to (g) (each inclusive) are inaccurate and deviate
from the actual facts. 
  

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Agent or the Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by
law. 

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Agent and/or the Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number
of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time. 

 

	16.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 
  

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement)shall be governed by and construed in accordance with the laws of Germany. 

 

	17.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement)for all Parties shall be Frankfurt am Main, Germany. The Security Agent and/or any of the other Finance Parties, however, shall also be
entitled to take legal action against the Pledgor before any other competent court of law having jurisdiction over the Pledgor or any of its assets. 
  

	18.	NOTIFICATION 

 The Pledgor
and the Pledgees hereby instruct and authorise the undersigned notary public to notify each of the Companies of the Pledges by means of forwarding a certified copy of this Agreement to each of the Companies by registered mail (return receipt
requested). 

 APPENDIX C. 3 

SUPPLEMENTAL INTEREST PLEDGE AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS GMBH & CO. KG 

4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND GMBH 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	  	Page
			
	1.	  	Interpretation	  	86
	2.	  	Pledges	  	94
	3.	  	Independent Pledges	  	95
	4.	  	Security Purpose	  	96
	5.	  	Distributions	  	96
	6.	  	Exercise of Voting Rights	  	97
	7.	  	Enforcement of Pledges	  	97
	8.	  	Undertakings of the Pledgor	  	98
	9.	  	Representations and Warranties	  	99
	10.	  	Release of Security	  	100
	11.	  	Indemnity	  	100
	12.	  	Duration and Independence	  	100
	13.	  	Costs and Expenses	  	101
	14.	  	Partial Invalidity; Waiver	  	101
	15.	  	Amendments	  	101
	16.	  	Notices and their Language	  	102
	17.	  	Applicable Law; Jurisdiction	  	102
	18.	  	Notification	  	102

 THIS SUPPLEMENTAL INTEREST PLEDGE AGREEMENT (the Agreement) is made on 4 February 2010

 BETWEEN 
  

	(1)	KABEL DEUTSCHLAND GMBH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its
corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRB 145837,

 (the Pledgor) 

on one side; and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstraße 22, 60311
Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent); and 
  

	(3)	the other FINANCE PARTIES (as defined in Clause 1.1 below), 

on the other side. 
 The
Security Agent and each Original Finance Party (as defined below) are hereinafter referred to individually as an Original Pledgee and together as the Original Pledgees. 

The Pledgor and the Pledgees (as defined below) are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to demand
performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Pledgor enters into this Agreement.

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Company means Kabel Deutschland Vertrieb und Service Beteiligungs
GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 84369. 

 Commitment Letter means the commitment letter dated on or about the date of the
Credit Agreement between the Mandated Lead Arrangers, the Original Lenders, KDG and KDVS. 
 Compliance Certificate means
any compliance certificate issued or to be issued by any Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Eligible
Terms means, in respect of any Additional Facility: 
  

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	 the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all
relevant Security Documents (whether through execution of new documents or amendment to existing documents) or (in each case) 

	 	 
to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant Security Documents means Security Documents comprising the same assets
and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place (with the proceeds of enforcement of all Security Documents
subject to the sharing provisions of the Priority Agreement). 

 Escaline means Escaline
S.à r.l., a limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy,
Luxembourg and being registered with the Luxembourg trade register under registration number B 111 789. 
 Euro, euro, EUR
or € means the single European currency introduced 1 January 1999. 
 Existing Interest(s) shall have the
meaning ascribed to that term in Clause 2.1 below. 
 Existing Senior Interest Pledge Agreement means the relevant
interest pledge agreement between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany)
dated 11/12 May 2006. 
 Existing Second Ranking High Yield Interest Pledge Agreement means the interest pledge
agreement between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated
11/12 May 2006. 
 External Facility means any credit agreement which has Eligible Terms. 

Event of Default means an event of default under any of the Finance Documents, which entitles the Facility Agent to declare that
all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a public limited company, having its registered
office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address
at: Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

Facility A1 means the English law governed up to EUR 1,150,000,000 term loan facility made or to be made available to KDVS
and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility C1 means the English law
governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C.

 Fee Letter means any letter entered into by reference to the Credit Agreement between
one or more Administrative Parties and an Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 

Finance Document means: 
  

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Pledgee means any person that becomes a party to any Finance Document as a Finance Party after the date of this Agreement.

 Future Interests means any and all interests in the Company, other than the Existing Interests, which the Pledgor may
acquire and/or receive otherwise by any cause at law in future. 
 Germany means the Federal Republic of Germany.

 Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

 Hedging Bank means: 

 

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 Interests means
the Existing Interests and the Future Interests. 
 KDG means Kabel Deutschland GmbH, a limited liability company
(Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at
the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDG Merger means a merger (whether
by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG. 
 KDVS means Kabel
Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered
in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Lender means: 
  

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 

 Obligor Accession Deed means a deed of accession pursuant to which any person or
entity accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender
means each of the entities listed in Schedule 2 Part 2 of this Agreement. 
 Original Directly Secured Lender means each
of the entities listed in Schedule 3 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Directly Secured Lender, and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 2 Part 1 of this Agreement. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 
 Permitted Acquisition means any one or more acquisitions by KDVS, and following the effectiveness of the
KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership interests in a limited liability company or limited liability
partnership or of any existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally in the Core Business
in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions since the date of the Credit Agreement, Euro 800,000,000.

 Pledge means each of the pledges constituted under Clause 2.2. 

Pledgee means each Original Pledgee and any Future Pledgee (together the Pledgees). 

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a
supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others,
KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Request means any
request for the draw down of any credit facility under the Credit Agreement by any Obligor. 
 Secured Claims means all
present and future rights and claims (Ansprüche) (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance
Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including, without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs,
charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection, preservation or enforcement of their respective rights under the Finance Documents. 

Security means any and all security granted to secure the Secured Claims. 

Security Document means any document evidencing or creating security over any asset of any Obligor to secure any obligation of any
Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter
alia, the Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further

 
amended by notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substitution agreement dated 18 April 2008 (A. Prot.
2008/55 of the notary public Ayesha Curmally, Basel, Switzerland) the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by
KDVS as new purchaser) and Tele Columbus GmbH and ewt Holding GmbH as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as
purchaser pursuant to the terms of the Substitution Agreement). 
 Underwriter means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Pledgees unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	2.	PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor is the only limited partner (Kommanditist) of the Company as of the date of this Agreement. 

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH which does not hold any
interest (Kapitalanteil) in the Company. 

  

	 	(c)	The Pledgor holds all limited partners’ interests (Kommanditanteil/Mitgliedschaft) representing 100% of the capital interests in the Company (the
Existing Interests). Its capital interest (Kapitalanteil) currently amounts to EUR 1,000 (in words: Euro one thousand) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand).

  

	 	(d)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each of the Original Pledgees and to each Future Pledgee for their rateable interest as security. 

 

	 	(b)	Each of the Original Pledgees hereby accepts the Pledge. In addition, the Security Agent accepts each of the Pledges for and on behalf of each Future Pledgee hereunder
as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust Agreement thereby becoming a Pledgee. All Parties
hereto confirm that the validity of any of the Pledges constituted hereunder shall not be affected by the Security Agent acting as proxy without power of attorney for each Future Pledgee. 

 

	3.	INDEPENDENT PLEDGES 

  

	 	(a)	The validity and effect of each of the Pledges shall be independent from the validity and the effect of any of the other Pledges created hereunder and is in addition,
and without any prejudice, to any other security which any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Pledges to each of the Pledgees shall be separate and individual pledges. Each of the Pledges
shall rank pari passu to each other Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreement and the Existing Second Ranking
High Yield Interest Pledge Agreement shall not in any way prejudice the creation of the Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind (nachrangig) to any
security interest constituted under the Existing Senior Interest Pledge Agreement and the Existing Second Ranking High Yield Interest Pledge Agreement, as long as any security interest constituted under the Existing Interest Share Pledge Agreement
and/or the Existing Second Ranking High Yield Interest Pledge Agreement are in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Pledges, to the extent the Pledges relate to monetary
receivables, is limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreement and the Existing Second Ranking High Yield Interest Pledge Agreement.

  

	 	(c)	The Parties further acknowledge that although the Pledges would rank behind any security interest under the Existing Second Ranking High Yield Interest Pledge Agreement
the priority to any realisation proceeds as agreed upon in the Priority Agreement shall remain unaffected. 

	 	(d)	Any security interest constituted under the Existing Senior Interest Pledge Agreement and the Existing Second Ranking High Yield Interest Pledge Agreement and any other
term and agreement of any of Existing Senior Interest Pledge Agreement and the Existing Second Ranking High Yield Interest Pledge Agreement shall remain unaffected by the terms of and any security interest constituted under this Agreement.

  

	4.	SECURITY PURPOSE 

 The
Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Agent. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Agent in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Agent for itself and for the other Pledgees to be held as security and shall, if
received by the Pledgor, be received as holder for the Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Agent for itself and for the Pledgees as security in the same form as so
received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3. 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 7.1 below. The Pledgor, however, shall at all times until the full and complete satisfaction of all Secured
Claims or the release of the Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 4 hereof or which would defeat, impair or
circumvent the rights of the Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Security Agent promptly of all other actions concerning the Company which might adversely affect the security
interest of the Pledgees. In particular, the Pledgor shall notify the Security Agent forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect upon the Pledges. In any
event the Security Agent shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent it relates to such resolution) and all
applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 
  

	7.	ENFORCEMENT OF PLEDGES 

  

	7.1	Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 Business Days following the receipt of a notification in accordance with Clause 7.1(b), the
Pledgees may enforce any of the Pledges (or any part thereof) through the Security Agent by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases notwithstanding § 1277 of the
German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Agent shall notify the Pledgor of the intention to realise any of the Pledges over the Interests not less than 5 (five) Business Days before the date on
which the respective Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public auction shall be
sufficient. The public auction may be held at any place in Germany which will be determined by the Security Agent. 

  

	 	(c)	If the Security Agent should seek to enforce any of the Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at his own expense, render
forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Agent of any other right the Pledgees may have under German law. 

	 	(d)	The Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Pledgees shall at all times until the full and complete satisfaction
of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

  

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Pledges, no rights of the Pledgees shall pass to the Pledgor by
subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Agent shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims,
notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Agent in satisfaction in whole or in part of the Secured Claims notwithstanding the Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of the Pledge must be applied by the Security Agent in the following order of priority: 

 

	 	(b)	first, in or towards payment of, or provision for, all costs and expenses incurred by the Security Agent in connection with the enforcement of the Pledge; and

  

	 	(c)	second, in or towards payment of the Secured Claims by transferring the proceeds to the Facility Agent for distribution. 

 

	 	(d)	The Security Agent may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Agent shall confirm to the Pledgor upon request that the
Interests are released from the Pledges and retransfer to the Pledgor any documents received by the Security Agent or any designee pursuant to Clause 7.1(f) hereof. 
  

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Agent promptly of any change in the partnership of, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or any registrations in the commercial register other than with respect to holders of a statutory power of attorney (Prokura); 

	 	(b)	to notify the Security Agent promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

	 	(d)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

	 	(ii)	if the Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to this Agreement
and the exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to
execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; 

 

	 	(e)	at the Security Agent’s reasonable request, to furnish to the Security Agent such information concerning the Interests as is available to the Pledgor, to permit
the Security Agent and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business hours, and,
upon the reasonable request of the Security Agent, to deliver to the Security Agent copies of all such records and papers; 

  

	 	(f)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Pledges or the effect of which results in the
Interests ceasing to exist; and 

  

	 	(g)	that all Future Interests will be fully paid and that there will be no obligation for any partner to make additional contributions. 

 

	8.2	Pledges over all Interests 

The Security Agent may at all times for itself and for the Pledgees request to hold a pledge over all Interests held by the Pledgor (and
in the case of a merger an equivalent security interest over the shares or interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Pledgees that: 
  

	 	(a)	the Existing Interests pledged hereunder are the only limited partners’ interests in the Company in existence at the date hereof; 

 

	 	(b)	except for the requirement of a written approval by all holders of a partnership interest in the Company which approval has been given and except for any restrictions
under the Existing Senior Interest Pledge Agreement and/or the Existing Second Ranking High Yield Interest Pledge Agreement, the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or
any other disposal of, any of the Interests; 

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; 

 

	 	(e)	except for any rights under the Existing Senior Interest Pledge Agreement and/or the Existing Second Ranking High Yield Pledge Agreement the Existing Interest is free
from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

 Even
prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the Pledgor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to
the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily, the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released.

  

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Agent nor the Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of such loss or
damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	11.2	Indemnification 

 The
Pledgor will indemnify the Security Agent and each of the Pledgees and keep the Security Agent and each of the Pledgees indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by or made against the
Security Agent and/or each of the Pledgees as a result of any breach of the Pledgor of any of its obligations or undertakings contained herein except to the extent that such losses, actions, claims, expenses, demands or liabilities have resulted
from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Pledgees or the Security Agent. 
  

	11.3	This Clause 11 shall survive the termination of this Agreement under Clause 12 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the Secured
Claims. 

	12.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever in any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	12.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or any of the other Pledgees with respect to any obligation of any of the Obligors under the Finance Documents. None of such
other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 
  

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular the Pledges shall not be affected and shall in any event extend
to any and all Interests in the Company even if the number or nominal value of any of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Agent or the Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by
law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Agent and/or the Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number
of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time. 

 

	16.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 
  

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

	17.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement)for all Parties shall be Frankfurt am Main, Germany. The Security Agent, however, shall also be entitled to take legal action against the
Pledgor before any other competent court of law having jurisdiction over the Pledgor or any of its assets. 
  

	18.	NOTIFICATION 

 The Pledgor
and the Pledgees hereby notify the Company of the Pledges and the Company hereby acknowledges the Pledges. 

 APPENDIX C. 4 

SUPPLEMENTAL INTEREST PLEDGE AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND GMBH 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	  	Page
			
	1.	  	Interpretation	  	106
	2.	  	Pledges	  	115
	3.	  	Independent Pledges	  	115
	4.	  	Security Purpose	  	116
	5.	  	Distributions	  	116
	6.	  	Exercise of Voting Rights	  	117
	7.	  	Enforcement of Pledges	  	118
	8.	  	Undertakings of the Pledgor	  	119
	9.	  	Representations and Warranties	  	120
	10.	  	Release of Security	  	120
	11.	  	Indemnity	  	121
	12.	  	Duration and Independence	  	121
	13.	  	Costs and Expenses	  	121
	14.	  	Partial Invalidity; Waiver	  	121
	15.	  	Amendments	  	122
	16.	  	Notices and their Language	  	122
	17.	  	Applicable Law; Jurisdiction	  	122
	18.	  	Notification	  	123

 THIS SUPPLEMENTAL INTEREST PLEDGE AGREEMENT (the Agreement) is made on 4 February 2010

 BETWEEN 
  

	(1)	KABEL DEUTSCHLAND GMBH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its
corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRB 145837,

 (the Pledgor) 

on one side; and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstraße 22, 60311
Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent); and 
  

	(3)	the other FINANCE PARTIES (as defined in Clause 1.1 below), 

on the other side. 
 The
Security Agent and each Original Finance Party (as defined below) are hereinafter referred to individually as an Original Pledgee and together as the Original Pledgees. 

The Pledgor and the Pledgees (as defined below) are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to
demand performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Pledgor enters into this Agreement.

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Company means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a
limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the
local court (Amtsgericht) of Munich under registration number HRA 83902. 

 Commitment Letter means the commitment letter dated on or about the date of the
Credit Agreement between the Mandated Lead Arrangers, the Original Lenders, KDG and KDVS. 
 Compliance Certificate means
any compliance certificate issued or to be issued by any Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Eligible
Terms means, in respect of any Additional Facility: 
  

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	 the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all
relevant Security Documents (whether through execution of new documents or amendment to existing documents) or (in each case) 

	 	 
to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant Security Documents means Security Documents comprising the same assets
and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place (with the proceeds of enforcement of all Security Documents
subject to the sharing provisions of the Priority Agreement). 

 Escaline means Escaline
S.à r.l., a limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy,
Luxembourg and being registered with the Luxembourg trade register under registration number B 111 789. 
 Euro, euro, EUR
or € means the single European currency introduced 1 January 1999. 
 Existing Interest(s) shall have the
meaning ascribed to that term in Clause 2.1 below. 
 Existing Senior Interest Pledge Agreement means: 

 

	 	(a)	the interest pledge agreement between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (Deed Register No. 9/2006)
of notary public Dr. Niklaus E. Schiess with his offices in Basel, Switzerland) dated 11/12 May 2006; and 

  

	 	(b)	the interest pledge agreement between, amongst others, the Second Limited Partner and the Security Agent and others as pledgees under the notarial deed (roll of deeds
No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Interest Pledge Agreement means: 

 

	 	(a)	the interest pledge agreement between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (Deed Register
No. 11/2006) of notary public Dr. Niklaus E. Schiess with his offices in Basel, Switzerland) dated 11/12 May 2006; and 

  

	 	(b)	the interest pledge agreement between, amongst others, the Second Limited Partner and the Security Agent and others as pledgees under the notarial deed (roll of deeds
No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

External Facility means any credit agreement which has Eligible Terms. 

Event of Default means an event of default under any of the Finance Documents, which entitles the Facility Agent to declare that
all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a public limited company, having its registered
office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address
at: Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

 Facility A1 means the English law governed up to EUR 1,150,000,000 term loan
facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility C1 means the English law
governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C.

 Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative
Parties and an Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 

Finance Document means: 
  

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Pledgee means any person that becomes a party to any Finance Document as Finance Party after the date of this Agreement.

 Future Interests means any and all interests in the Company, other than the Existing Interests, which the Pledgor may
acquire and/or receive otherwise by any cause at law in future. 

 Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 Interests means
the Existing Interests and the Future Interests. 
 KDG means Kabel Deutschland GmbH, a limited liability company
(Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at
the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDG Merger means a merger (whether
by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG. 
 KDVS means Kabel
Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered
in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Lender means: 
  

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 

 Mandated Lead Arranger means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each
of the entities listed in Schedule 2 Part 2 of this Agreement. 
 Original Directly Secured Lender means each of the
entities listed in Schedule 3 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Directly Secured Lender, and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 2 Part 1 of this Agreement. 

 Orion Group means, at any time, companies or other persons directly or indirectly
controlled by Escaline or any of its subsidiaries at that time. 
 Permitted Acquisition means any one or more
acquisitions by KDVS, and following the effectiveness of the KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership
interests in a limited liability company or limited liability partnership or of any existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the
acquired business is carried on, principally in the Core Business in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions
since the date of the Credit Agreement, Euro 800,000,000. 
 Pledge means each of the pledges constituted under
Clause 2.2. 
 Pledgee means each Original Pledgee and any Future Pledgee (together the Pledgees). 

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a
supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others,
KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Request means any
request for the draw down of any credit facility under the Credit Agreement by any Obligor. 
 Second Limited Partner
means Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring, (Landkreis München),
Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 84369. 

Secured Claims means all present and future rights and claims (Ansprüche) (whether actual or contingent and whether
owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including,
without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection,
preservation or enforcement of their respective rights under the Finance Documents. 
 Security means any and all security
granted to secure the Secured Claims. 
 Security Document means any document evidencing or creating security over any
asset of any Obligor to secure any obligation of any Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter
alia, the Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

 Subsidiary means any of: 

 

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substitution agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel,
Switzerland) the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt
Holding GmbH as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the
Substitution Agreement). 
 Underwriter means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Pledgees unless otherwise provided herein; and 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	2.	PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor and the Second Limited Partner are the only limited partners (Kommanditisten) of the Company as of the date of this Agreement.

  

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Verwaltungs GmbH which does not hold any interest (Kapitalanteil) in the
Company. 

  

	 	(c)	The Pledgor holds all limited partners’ interests (Kommanditanteil/Mitgliedschaft) representing 100% of the capital interests in the Company (the
Existing Interests). Its capital interest (Kapitalanteil) currently amounts to EUR 1,500 (in words: Euro one thousand and five hundred ) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand).

  

	 	(d)	The Second Limited Partner does not have any capital interest (Kapitalanteil) in the Company but its liable capital (Haftsumme) amounts to EUR 1,000 (in
words: Euro one thousand).The Existing Interests are fully paid up. 

  

	 	(e)	There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each of the Original Pledgees and to each Future Pledgee for their rateable interest as security. 

 

	 	(b)	Each of the Original Pledgees hereby accepts the Pledge. In addition, the Security Agent accepts each of the Pledges for and on behalf of each Future Pledgee hereunder
as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust Agreement thereby becoming a Pledgee. All Parties
hereto confirm that the validity of any of the Pledges constituted hereunder shall not be affected by the Security Agent acting as proxy without power of attorney for each Future Pledgee. 

 

	3.	INDEPENDENT PLEDGES 

  

	 	(a)	The validity and effect of each of the Pledges shall be independent from the validity and the effect of any of the other Pledges created hereunder and is in addition,
and without any prejudice, to any other security which any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Pledges to each of the Pledgees shall be separate and individual pledges. Each of the Pledges
shall rank pari passu to each other Pledge created hereunder. 

	 	(b)	The Parties agree that the fact that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreements and the Existing Second Ranking
High Yield Interest Pledge Agreements shall not in any way prejudice the creation of the Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind (nachrangig) to
any security interest constituted under the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements, as long as any security interest constituted under the Existing Interest Share Pledge
Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements are in full force and effect The Parties confirm that it is understood between them that the enforceability of the Pledges, to the extent the Pledges relate to
monetary receivables, is limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements.

  

	 	(c)	The Parties further acknowledge that although the Pledges would rank behind any security interest under the Existing Second Ranking High Yield Interest Pledge
Agreements the priority to any realisation proceeds as agreed upon in the Priority Agreement shall remain unaffected. 

  

	 	(d)	Any security interest constituted under the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements and any
other term and agreement of any of Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements shall remain unaffected by the terms of and any security interest constituted under this Agreement.

  

	4.	SECURITY PURPOSE 

 The
Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

The Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 

 

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Agent. 

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Agent in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Agent for itself and for the other Pledgees to be held as security and shall, if
received by the Pledgor, be received as holder for the Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Agent for itself and for the Pledgees as security in the same form as so
received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3. 

 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 7.1 below. The Pledgor, however, shall at all times until the full and complete satisfaction of all Secured
Claims or the release of the Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 4 hereof or which would defeat, impair or
circumvent the rights of the Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Security Agent promptly of all other actions concerning the Company which might adversely affect the security
interest of the Pledgees. In particular, the Pledgor shall notify the Security Agent forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect upon the Pledges. In any
event the Security Agent shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent it relates to such resolution) and
all applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 

	7.	ENFORCEMENT OF PLEDGES 

  

	7.1	Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 Business Days following the receipt of a notification in accordance with Clause 7.1(b), the
Pledgees may enforce any of the Pledges (or any part thereof) through the Security Agent by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases notwithstanding § 1277 of the
German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Agent shall notify the Pledgor of the intention to realise any of the Pledges over the Interests not less than 5 (five) Business Days before the date on
which the respective Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public auction shall be
sufficient. The public auction may be held at any place in Germany which will be determined by the Security Agent. 

  

	 	(c)	If the Security Agent should seek to enforce any of the Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at his own expense, render
forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Agent of any other right the Pledgees may have under German law. 

 

	 	(d)	The Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Pledgees shall at all times until the full and complete satisfaction
of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

  

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Pledges, no rights of the Pledgees shall pass to the Pledgor by
subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Agent shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims,
notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Agent in satisfaction in whole or in part of the Secured Claims notwithstanding the Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of the Pledge must be applied by the Security Agent in the following order of priority: 

 

	 	(b)	first, in or towards payment of, or provision for, all costs and expenses incurred by the Security Agent in connection with the enforcement of the Pledge; and

	 	(c)	second, in or towards payment of the Secured Claims by transferring the proceeds to the Facility Agent for distribution. 

 

	 	(d)	The Security Agent may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Agent shall confirm to the Pledgor upon request that the
Interests are released from the Pledges and retransfer to the Pledgor any documents received by the Security Agent or any designee pursuant to Clause 7.1(f) hereof. 
  

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Agent promptly of any change in the partnership of, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or any registrations in the commercial register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Agent promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

	 	(d)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

	 	(ii)	if the Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to this Agreement
and the exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to
execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; 

 

	 	(e)	at the Security Agent’s reasonable request, to furnish to the Security Agent such information concerning the Interests as is available to the Pledgor, to permit
the Security Agent and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business hours, and,
upon the reasonable request of the Security Agent, to deliver to the Security Agent copies of all such records and papers; 

	 	(f)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Pledges or the effect of which results in the
Interests ceasing to exist; and 

  

	 	(g)	that all Future Interests will be fully paid and that there will be no obligation for any partner to make additional contributions. 

 

	8.2	Pledges over all Interests 

The Security Agent may at all times for itself and for the Pledgees request to hold a pledge over all Interests held by the Pledgor (and
in the case of a merger an equivalent security interest over the shares or interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Pledgees that: 
  

	 	(a)	except for the limited partners’ interest held by the Second Limited Partner, the Existing Interests pledged hereunder are the only limited partner’s
interests in the Company in existence at the date hereof; 

  

	 	(b)	except for the requirement of a written approval by all holders of a partnership interest in the Company which approval has been given and except for any restrictions
under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements, the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in,
or any other disposal of, any of the Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; 

 

	 	(e)	except for any rights under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Pledge Agreements the Existing Interest is free
from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

 Even
prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the Pledgor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to
the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily, the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released.

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Agent nor the Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of such loss or
damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	11.2	Indemnification 

 The
Pledgor will indemnify the Security Agent and each of the Pledgees and keep the Security Agent and each of the Pledgees indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by or made against the
Security Agent and/or each of the Pledgees as a result of any breach of the Pledgor of any of its obligations or undertakings contained herein except to the extent that such losses, actions, claims, expenses, demands or liabilities have resulted
from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Pledgees or the Security Agent. 
  

	11.3	This Clause 11 shall survive the termination of this Agreement under Clause 12 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the Secured
Claims. 
  

	12.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever in any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	12.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or any of the other Pledgees with respect to any obligation of any of the Obligors under the Finance Documents. None of such
other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 
  

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 

 In particular the Pledges shall not be affected and shall in any event extend to any and all
Interests in the Company even if the number or nominal value of any of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

 (a) The Pledgor
hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1) and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on
the part of the Security Agent or the Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the
exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by law. 

(b) The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited
to, any recourse claim against any Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the
event of enforcement of any of the Pledges created hereunder. 
  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Agent and/or the Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number
of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time. 

 

	16.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 
  

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

	17.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement) for all Parties shall be Frankfurt am Main, Germany. The Security Agent, however, shall also be entitled to take legal action against the
Pledgor before any other competent court of law having jurisdiction over the Pledgor or any of its assets. 

	18.	NOTIFICATION 

 The Pledgor
and the Pledgees hereby notify the Company of the Pledges and the Company hereby acknowledges the Pledges. 

 APPENDIX C. 5 

SUPPLEMENTAL INTEREST PLEDGE AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	  	 	  	Page
			
	 1.
	  	Interpretation	  	127
	 2.
	  	Pledges	  	136
	 3.
	  	Independent Pledges	  	136
	 4.
	  	Security Purpose	  	137
	 5.
	  	Distributions	  	137
	 6.
	  	Exercise of Voting Rights	  	138
	 7.
	  	Enforcement of Pledges	  	139
	 8.
	  	Undertakings of the Pledgor	  	140
	 9.
	  	Representations and Warranties	  	141
	 10.
	  	Release of Security	  	141
	 11.
	  	Indemnity	  	142
	 12.
	  	Duration and Independence	  	142
	 13.
	  	Costs and Expenses	  	142
	 14.
	  	Partial Invalidity; Waiver	  	142
	 15.
	  	Amendments	  	143
	 16.
	  	Notices and their Language	  	143
	 17.
	  	Applicable Law; Jurisdiction	  	143
	 18.
	  	Notification	  	144

 THIS SUPPLEMENTAL INTEREST PLEDGE AGREEMENT (the Agreement) is made on 4 February 2010

 BETWEEN 
  

	(1)	KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of
Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRA 84369,

 (the Pledgor) 

on one side; and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am
Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent); and 
  

	(3)	the other FINANCE PARTIES (as defined in Clause 1.1 below), 

on the other side. 
 The
Security Agent and each Original Finance Party (as defined below) are hereinafter referred to individually as an Original Pledgee and together as the Original Pledgees. 

The Pledgor and the Pledgees (as defined below) are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to
demand performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Pledgor enters into this Agreement.

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Company means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a
limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the
local court (Amtsgericht) of Munich under registration number HRA 83902. 

 Commitment Letter means the commitment letter dated on or about the date of the
Credit Agreement between the Mandated Lead Arrangers, the Original Lenders, KDG and KDVS. 
 Compliance Certificate means
any compliance certificate issued or to be issued by any Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Eligible
Terms means, in respect of any Additional Facility: 
  

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	 the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all
relevant Security Documents (whether through execution of new documents or amendment to existing documents) or (in each case) 

	 	 
to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant Security Documents means Security Documents comprising the same assets
and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place (with the proceeds of enforcement of all Security Documents
subject to the sharing provisions of the Priority Agreement). 

 Escaline means Escaline
S.à r.l., a limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy,
Luxembourg and being registered with the Luxembourg trade register under registration number B 111 789. 
 Euro, euro, EUR
or € means the single European currency introduced 1 January 1999. 
 Existing Interest(s) shall have the
meaning ascribed to that term in Clause 2.1 below. 
 Existing Senior Interest Pledge Agreement means: 

 

	 	(a)	the relevant interest pledge agreement between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G
241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; and 

  

	 	(b)	the relevant interest pledge agreements between, amongst others, the Second Limited Partner and the Security Agent and others as pledgees under the notarial deed (Deed
Register No. 9/2006) of notary public Dr. Niklaus E. Schiess with his offices in Basel, Switzerland) dated 11/12 May 2006. 

Existing Second Ranking High Yield Interest Pledge Agreement means: 

 

	 	(a)	the interest pledge agreement between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G 244/2006
of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; and 

  

	 	(b)	the relevant interest pledge agreements between, amongst others, the Second Limited Partner and the Security Agent and others as pledgees under the notarial deed (Deed
Register No. 11/2006) of notary public Dr. Niklaus E. Schiess with his offices in Basel, Switzerland) dated 11/12 May 2006. 

External Facility means any credit agreement which has Eligible Terms. 

Event of Default means an event of default under any of the Finance Documents, which entitles the Facility Agent to declare that
all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a public limited company, having its registered
office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address
at: Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

 Facility A1 means the English law governed up to EUR 1,150,000,000 term loan
facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility C1 means the English law
governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C. 

Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative Parties and an
Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 
 Finance
Document means: 
  

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Pledgee means any person that becomes a party to any Finance Document as Finance Party after the date of this Agreement.

 Future Interests means any and all interests in the Company, other than the Existing Interests, which the Pledgor may
acquire and/or receive otherwise by any cause at law in future. 

 Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 Interests means
the Existing Interests and the Future Interests. 
 KDG means Kabel Deutschland GmbH, a limited liability company
(Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at
the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDG Merger means a merger (whether
by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG. 
 KDVS means Kabel
Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered
in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Lender means: 
  

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 

 Mandated Lead Arranger means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each of the
entities listed in Schedule 2 Part 2 of this Agreement. 
 Original Directly Secured Lender means each of the entities
listed in Schedule 3 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Directly Secured Lender, and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 2 Part 1 of this Agreement. 

 Orion Group means, at any time, companies or other persons directly or indirectly
controlled by Escaline or any of its subsidiaries at that time. 
 Permitted Acquisition means any one or more
acquisitions by KDVS, and following the effectiveness of the KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership
interests in a limited liability company or limited liability partnership or of any existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the
acquired business is carried on, principally in the Core Business in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions since
the date of the Credit Agreement, Euro 800,000,000. 
 Pledge means each of the pledges constituted under Clause 2.2.

 Pledgee means each Original Pledgee and any Future Pledgee (together the Pledgees). 

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a
supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others,
KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Request means any
request for the draw down of any credit facility under the Credit Agreement by any Obligor. 
 Second Limited Partner
means Kabel Deutschland GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is
registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 

Secured Claims means all present and future rights and claims (Ansprüche) (whether actual or contingent and whether
owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including,
without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection,
preservation or enforcement of their respective rights under the Finance Documents. 
 Security means any and all security
granted to secure the Secured Claims. 
 Security Document means any document evidencing or creating security over any
asset of any Obligor to secure any obligation of any Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and, KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter alia, the
Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substitution agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel,
Switzerland) the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt
Holding GmbH as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the Substitution
Agreement). 
 Underwriter means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Pledgees unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	2.	PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor and the Second Limited Partner are the only limited partners (Kommanditisten) of the Company as of the date of this Agreement.

  

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Verwaltungs GmbH which does not hold any interest (Kapitalanteil) in the
Company. 

  

	 	(c)	The Pledgor holds a limited partner’s interest (Kommanditanteil/Mitgliedschaft) representing 0% of the capital interest in the Company (the
Existing Interests) but its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand). 

  

	 	(d)	The Second Limited Partner holds a limited partner’s interest representing 100% of the capital interests in the Company. Its capital interest
(Kapitalanteil) currently amounts to EUR 1,500 (in words: Euro one thousand and five hundred ) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand). 

 

	 	(e)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions 

 

	2.2	Constitution of Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each of the Original Pledgees and to each Future Pledgee for their rateable interest as security. 

 

	 	(b)	Each of the Original Pledgees hereby accepts the Pledge. In addition, the Security Agent accepts each of the Pledges for and on behalf of each Future Pledgee hereunder
as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust Agreement thereby becoming a Pledgee. All Parties
hereto confirm that the validity of any of the Pledges constituted hereunder shall not be affected by the Security Agent acting as proxy without power of attorney for each Future Pledgee. 

 

	3.	INDEPENDENT PLEDGES 

  

	 	(a)	The validity and effect of each of the Pledges shall be independent from the validity and the effect of any of the other Pledges created hereunder and is in addition,
and without any prejudice, to any other security which any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Pledges to each of the Pledgees shall be separate and individual pledges. Each of the Pledges
shall rank pari passu to each other Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreements and the Existing Second Ranking
High Yield Interest Pledge Agreements shall not in any way prejudice the creation of the Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind (nachrangig) to
any security interest constituted under the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements, as long as any security interest constituted under the Existing Senior Interest Pledge
Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements are in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Pledges, to the extent the Pledges relate to
monetary receivables, is limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements.

  

	 	(c)	The Parties further acknowledge that although the Pledges would rank behind any security interest under the Existing Second Ranking High Yield Interest Pledge
Agreements the priority to any realisation proceeds as agreed upon in the Priority Agreement shall remain unaffected. 

  

	 	(d)	Any security interest constituted under the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements and any
other term and agreement of any of Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements shall remain unaffected by the terms of and any security interest constituted under this Agreement.

  

	4.	SECURITY PURPOSE 

 The
Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Agent. 

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Agent in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Agent for itself and for the other Pledgees to be held as security and shall, if
received by the Pledgor, be received as holder for the Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Agent for itself and for the Pledgees as security in the same form as so
received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3. 

 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 7.1 below. The Pledgor, however, shall at all times until the full and complete satisfaction of all Secured
Claims or the release of the Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 4 hereof or which would defeat, impair or
circumvent the rights of the Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Security Agent promptly of all other actions concerning the Company which might adversely affect the security
interest of the Pledgees. In particular, the Pledgor shall notify the Security Agent forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect upon the Pledges. In any
event the Security Agent shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent it relates to such resolution) and all
applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 

	7.	ENFORCEMENT OF PLEDGES 

  

	7.1	Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 Business Days following the receipt of a notification in accordance with Clause 7.1(b), the
Pledgees may enforce any of the Pledges (or any part thereof) through the Security Agent by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases notwithstanding § 1277 of the
German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Agent shall notify the Pledgor of the intention to realise any of the Pledges over the Interests not less than 5 (five) Business Days before the date on
which the respective Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public auction
shall be sufficient. The public auction may be held at any place in Germany which will be determined by the Security Agent. 

  

	 	(c)	If the Security Agent should seek to enforce any of the Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at his own expense, render
forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Agent of any other right the Pledgees may have under German law. 

 

	 	(d)	The Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Pledgees shall at all times until the full and complete satisfaction
of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

  

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Pledges, no rights of the Pledgees shall pass to the Pledgor by
subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Agent shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims,
notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Agent in satisfaction in whole or in part of the Secured Claims notwithstanding the Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of the Pledge must be applied by the Security Agent in the following order of priority: 

	 	(b)	first, in or towards payment of, or provision for, all costs and expenses incurred by the Security Agent in connection with the enforcement of the Pledge; and

  

	 	(c)	second, in or towards payment of the Secured Claims by transferring the proceeds to the Facility Agent for distribution. 

 

	 	(d)	The Security Agent may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Agent shall confirm to the Pledgor upon request that the
Interests are released from the Pledges and retransfer to the Pledgor any documents received by the Security Agent or any designee pursuant to Clause 7.1(f) hereof. 
  

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Agent promptly of any change in the partnership of, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or any registrations in the commercial register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Agent promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

	 	(d)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

	 	(ii)	if the Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to this Agreement
and the exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to
execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; 

 

	 	(e)	at the Security Agent’s reasonable request, to furnish to the Security Agent such information concerning the Interests as is available to the Pledgor, to permit
the Security Agent and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business hours, and,
upon the reasonable request of the Security Agent, to deliver to the Security Agent copies of all such records and papers; 

	 	(f)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Pledges or the effect of which results in the
Interests ceasing to exist; and 

  

	 	(g)	that all Future Interests will be fully paid and that there will be no obligation for any partner to make additional contributions. 

 

	8.2	Pledges over all Interests 

The Security Agent may at all times for itself and for the Pledgees request to hold a pledge over all Interests held by the Pledgor (and
in the case of a merger an equivalent security interest over the shares or interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Pledgees that: 
  

	 	(a)	except for the limited partner’s interest held by the Second Limited Partner, the Existing Interests pledged hereunder are the only limited partner’s
interests in the Company in existence at the date thereof; 

  

	 	(b)	except for the requirement of a written approval by all holders of a partnership interest in the Company which approval has been given and except for any restrictions
under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements, the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in,
or any other disposal of, any of the Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; 

 

	 	(e)	except for any rights under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Pledge Agreements the Existing Interest is free
from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

 Even
prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the Pledgor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to
the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily, the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released.

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Agent nor the Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of such loss or
damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	11.2	Indemnification 

 The
Pledgor will indemnify the Security Agent and each of the Pledgees and keep the Security Agent and each of the Pledgees indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by or made against the
Security Agent and/or each of the Pledgees as a result of any breach of the Pledgor of any of its obligations or undertakings contained herein except to the extent that such losses, actions, claims, expenses, demands or liabilities have resulted
from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Pledgees or the Security Agent. 
  

	11.3	This Clause 11 shall survive the termination of this Agreement under Clause 12 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the Secured
Claims. 
  

	12.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever in any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	12.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or any of the other Pledgees with respect to any obligation of any of the Obligors under the Finance Documents. None of such
other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 
  

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 

 In particular the Pledges shall not be affected and shall in any event extend to any and all
Interests in the Company even if the number or nominal value of any of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Agent or the Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by
law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Agent and/or the Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number
of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time. 

 

	16.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 
  

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

	17.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement)for all Parties shall be Frankfurt am Main, Germany. The Security Agent, however, shall also be entitled to take legal action against the
Pledgor before any other competent court of law having jurisdiction over the Pledgor or any of its assets. 

	18.	NOTIFICATION 

 The Pledgor
and the Pledgees hereby notify the Company of the Pledges and the Company hereby acknowledges the Pledges. 

 APPENDIX C. 6 

SUPPLEMENTAL INTEREST PLEDGE AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS GMBH & CO KG 

4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	 	 	  	Page
			
	 1.
	 	Interpretation	  	148
	 2.
	 	Pledges	  	157
	 3.
	 	Independent Pledges	  	157
	 4.
	 	Security Purpose	  	158
	 5.
	 	Distributions	  	158
	 6.
	 	Exercise of Voting Rights	  	159
	 7.
	 	Enforcement of Pledges	  	159
	 8.
	 	Undertakings of the Pledgor	  	161
	 9.
	 	Representations and Warranties	  	161
	 10.
	 	Release of Security	  	162
	 11.
	 	Indemnity	  	162
	 12.
	 	Duration and Independence	  	163
	 13.
	 	Costs and Expenses	  	163
	 14.
	 	Partial Invalidity; Waiver	  	163
	 15.
	 	Amendments	  	164
	 16.
	 	Notices and their Language	  	164
	 17.
	 	Maintenance of Liable Capital	  	164
	 18.
	 	Applicable Law; Jurisdiction	  	165
	 19.
	 	Notification	  	165

 THIS SUPPLEMENTAL INTEREST PLEDGE AGREEMENT (the Agreement) is made on 4 February 2010

 BETWEEN 
  

	(1)	KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having
its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902,

 (the Pledgor) 

on one side; and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstraße 22, 60311
Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent); and 
  

	(3)	the other FINANCE PARTIES (as defined in Clause 1.1 below), 

on the other side. 
 The
Security Agent and each Original Finance Party (as defined below) are hereinafter referred to individually as an Original Pledgee and together as the Original Pledgees. 

The Pledgor and the Pledgees (as defined below) are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to
demand performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Pledgor enters into this Agreement.

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

  

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Company means Kabel Deutschland Vermögen Beteiligungs GmbH & Co.
KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister)
at the local court (Amtsgericht) of Munich under registration number HRA 84471 
 Commitment Letter means the
commitment letter dated on or about the date of the Credit Agreement between the Mandated Lead Arrangers, the Original Lenders, KDG and KDVS. 

 Compliance Certificate means any compliance certificate issued or to be issued by any
Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, The Royal Bank of Scotland plc as security agent,
KDVS, KDG and the Original Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 

Eligible Terms means, in respect of any Additional Facility: 

 

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	 the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all
relevant Security Documents (whether through execution of new documents or amendment to existing documents) or (in each case) to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant
Security Documents means Security Documents comprising the 

	 	 
same assets and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in
place (with the proceeds of enforcement of all Security Documents subject to the sharing provisions of the Priority Agreement). 

Escaline means Escaline S.à r.l., a limited liability company (société à responsabilité
limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy, Luxembourg and being registered with the Luxembourg trade register under registration number B 111 789.

 Euro, euro, EUR or € means the single European currency introduced 1 January 1999. 

Existing Interest(s) shall have the meaning ascribed to that term in Clause 2.1 below. 

Existing Senior Interest Pledge Agreement means the relevant interest pledge agreement between, amongst others, the Pledgor and the
Security Agent and others as pledgees under the notarial deed (roll of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Interest Pledge Agreement means the interest pledge agreement between, amongst others, the
Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Supplemental Senior Interest Pledge Agreement means the supplemental interest pledge agreement relating to the
interests in Kabel Deutschland Vermögen GmbH & Co. KG dated on or about the date of this Agreement between, amongst others, Kabel Deutschland Vertrieb und Service GmbH & Co. KG as pledgor and The Royal Bank of Scotland as
security agent and others as pledgees. 
 External Facility means any credit agreement which has Eligible Terms.

 Event of Default means an event of default under any of the Finance Documents, which entitles the Facility Agent to
declare that all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a public limited company, having its registered
office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address
at: Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

Facility A1 means the English law governed up to EUR 1,150,000,000 term loan facility made or to be made available to KDVS
and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 

 Facility C1 means the English law governed up to EUR 650,000,000 term loan
facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C. 

Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative Parties and an
Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 

Finance Document means: 
  

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Pledgee means any person that becomes a party to any Finance Document as Finance Party after the date of this Agreement.

 Future Interests means any and all interests in the Company, other than the Existing Interests, which the Pledgor may
acquire and/or receive otherwise by any cause at law in future. 
 Germany means the Federal Republic of Germany.

 Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

 Hedging means any interest rate or currency swap, derivative transaction or hedging
facility. 
 Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 Interests means
the Existing Interests and the Future Interests. 
 KDG means Kabel Deutschland GmbH, a limited liability company
(Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at
the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDG Merger means a merger (whether
by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG. 
 KDVS means Kabel
Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered
in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Lender means: 
  

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor means KDG or a Borrower. 

Obligor Accession Deed means a deed of accession pursuant to which any person or entity accedes, inter alia, to the Credit
Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each of the entities listed in Schedule 2 Part
2 of this Agreement. 
 Original Directly Secured Lender means each of the entities listed in Schedule 3 of this
Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Directly Secured Lender;and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 2 Part 1 of this Agreement. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 
 Permitted Acquisition means any one or more acquisitions by KDVS, and following the effectiveness of the
KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership interests in a limited liability company or limited liability
partnership or of any existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally in the Core Business
in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions since the date of the Credit Agreement, Euro 800,000,000.

 Pledge means each of the pledges constituted under Clause 2.2. 

Pledgee means each Original Pledgee and any Future Pledgee (together the Pledgees). 

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a
supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others,
KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Request means any
request for the draw down of any credit facility under the Credit Agreement by any Obligor. 
 Secured Claims means all
present and future rights and claims (Ansprüche) (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance
Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including, without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs,
charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection, preservation or enforcement of their respective rights under the Finance Documents. 

Security means any and all security granted to secure the Secured Claims. 

Security Document means any document evidencing or creating security over any asset of any Obligor to secure any obligation of any
Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter
alia, the Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 

 
1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further
amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment
and substitution agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel, Switzerland) the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original
purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt Holding GmbH as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland
Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the Substitution Agreement). 

Underwriter means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Pledgees unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

	2.	PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor is the only limited partner (Kommanditist) of the Company as of the date of this Agreement. 

 

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH which does not hold any interest
(Kapitalanteil) in the Company. 

  

	 	(c)	The Pledgor holds all limited partners’ interests (Kommanditanteile/Mitgliedschaft) representing 100% of the capital interests in the Company (the
Existing Interests). Its capital interest (Kapitalanteil) currently amounts to EUR 1,000 (in words: Euro one thousand) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand).

  

	 	(d)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each of the Original Pledgees and to each Future Pledgee for their rateable interest as security. 

 

	 	(b)	Each of the Original Pledgees hereby accepts the Pledge. In addition, the Security Agent accepts each of the Pledges for and on behalf of each Future Pledgee hereunder
as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust Agreement thereby becoming a Pledgee. All Parties
hereto confirm that the validity of any of the Pledges constituted hereunder shall not be affected by the Security Agent acting as proxy without power of attorney for each Future Pledgee. 

 

	3.	INDEPENDENT PLEDGES 

  

	 	(a)	The validity and effect of each of the Pledges shall be independent from the validity and the effect of any of the other Pledges created hereunder and is in addition,
and without any prejudice, to any other security which any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Pledges to each of the Pledgees shall be separate and individual pledges. Each of the Pledges
shall rank pari passu to each other Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreement and the Existing Second Ranking
High Yield Interest Pledge Agreement shall not in any way prejudice the creation of the Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind (nachrangig) to any
security interest constituted under the Existing Senior Interest Pledge Agreement and the Existing Second Ranking High Yield Interest Pledge Agreement., as long as any security interest constituted under the Existing Senior Interest Pledge Agreement
and/or the Existing Second Ranking High Yield Interest Pledge Agreement are in full force and effect The Parties confirm that it is understood between them that the enforceability of the Pledges, to the extent the Pledges relate to monetary
receivables, is limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreement and the Existing Second Ranking High Yield Interest Pledge Agreement.

	 	(c)	The Parties further acknowledge that although the Pledges would rank behind any security interest under the Existing Second Ranking High Yield Interest Pledge Agreement
the priority to any realisation proceeds as agreed upon in the Priority Agreement shall remain unaffected. 

  

	 	(d)	Any security interest constituted under the Existing Senior Interest Pledge Agreement and the Existing Second Ranking High Yield Interest Pledge Agreement and any other
term and agreement of any of Existing Senior Interest Pledge Agreement and the Existing Second Ranking High Yield Interest Pledge Agreement shall remain unaffected by the terms of and any security interest constituted under this Agreement.

  

	4.	SECURITY PURPOSE 

 The
Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Agent. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

	 	(d)	distributions paid to the Security Agent in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Agent for itself and for the other Pledgees to be held as security and shall, if
received by the Pledgor, be received as holder for the Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Agent for itself and for the Pledgees as security in the same form as so
received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3. 

 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 7.1 below. The Pledgor, however, shall at all times until the full and complete satisfaction of all Secured
Claims or the release of the Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 4 hereof or which would defeat, impair or
circumvent the rights of the Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Security Agent promptly of all other actions concerning the Company which might adversely affect the security
interest of the Pledgees. In particular, the Pledgor shall notify the Security Agent forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect upon the Pledges. In any
event the Security Agent shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent it relates to such resolution) and all
applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 
  

	7.	ENFORCEMENT OF PLEDGES 

  

	7.1	Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 Business Days following the receipt of a notification in accordance with Clause 7.1(b), the
Pledgees may enforce any of the Pledges (or any part thereof) through the Security Agent by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases notwithstanding § 1277 of the
German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Agent shall notify the Pledgor of the intention to realise any of the Pledges over the Interests not less than 5 (five) Business Days before the date on
which the respective Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public auction shall be
sufficient. The public auction may be held at any place in Germany which will be determined by the Security Agent. 

	 	(c)	If the Security Agent should seek to enforce any of the Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at his own expense, render
forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Agent of any other right the Pledgees may have under German law. 

 

	 	(d)	The Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Pledgees shall at all times until the full and complete satisfaction
of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

  

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Pledges, no rights of the Pledgees shall pass to the Pledgor by
subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Agent shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims,
notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Agent in satisfaction in whole or in part of the Secured Claims notwithstanding the Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of the Pledge must be applied by the Security Agent in the following order of priority: 

 

	 	(b)	first, in or towards payment of, or provision for, all costs and expenses incurred by the Security Agent in connection with the enforcement of the Pledge; and

  

	 	(c)	second, in or towards payment of the Secured Claims by transferring the proceeds to the Facility Agent for distribution. 

 

	 	(d)	The Security Agent may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Agent shall confirm to the Pledgor upon request that the
Interests are released from the Pledges and retransfer to the Pledgor any documents received by the Security Agent or any designee pursuant to Clause 7.1(f) hereof. 

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Agent promptly of any change in the partnership of, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or any registrations in the commercial register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Agent promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

	 	(d)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

	 	(ii)	if the Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to this Agreement
and the exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to
execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; 

 

	 	(e)	at the Security Agent’s reasonable request, to furnish to the Security Agent such information concerning the Interests as is available to the Pledgor, to permit
the Security Agent and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business hours, and,
upon the reasonable request of the Security Agent, to deliver to the Security Agent copies of all such records and papers; 

  

	 	(f)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Pledges or the effect of which results in the
Interests ceasing to exist; and 

  

	 	(g)	that all Future Interests will be fully paid and that there will be no obligation for any partner to make additional contributions. 

 

	8.2	Pledges over all Interests 

The Security Agent may at all times for itself and for the Pledgees request to hold a pledge over all Interests held by the Pledgor (and
in the case of a merger an equivalent security interest over the shares or interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Pledgees that: 
  

	 	(a)	except for the limited partner’s interest held by the Second Limited Partner, the Existing Interests pledged hereunder are the only limited partners’
interests in the Company in existence at the date hereof; 

	 	(b)	except for the requirement of a written approval by all holders of a partnership interest in the Company which approval has been given and except for any restrictions
under the Existing Senior Interest Pledge Agreement and/or the Existing Second Ranking High Yield Interest Pledge Agreement, the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or
any other disposal of, any of the Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; 

 

	 	(e)	except for any rights under the Existing Senior Interest Pledge Agreement and/or the Existing Second Ranking High Yield Pledge Agreement the Existing Interest is free
from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

 Even
prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the Pledgor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to
the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily, the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released.

  

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Agent nor the Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of such loss or
damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	11.2	Indemnification 

 The
Pledgor will indemnify the Security Agent and each of the Pledgees and keep the Security Agent and each of the Pledgees indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by or made against the
Security Agent and/or each of the Pledgees as a result of any breach of the Pledgor of any of its obligations or undertakings contained herein except to the extent that such losses, actions, claims, expenses, demands or liabilities have resulted
from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Pledgees or the Security Agent. 
  

	11.3	This Clause 11 shall survive the termination of this Agreement under Clause 12 or otherwise. 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the Secured
Claims. 
  

	12.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever in any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	12.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or any of the other Pledgees with respect to any obligation of any of the Obligors under the Finance Documents. None of such
other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 
  

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular the Pledges shall not be affected and shall in any event extend
to any and all Interests in the Company even if the number or nominal value of any of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Agent or the Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by
law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Pledges created hereunder. 

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Agent and/or the Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number
of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time. 

 

	16.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 
  

	17.	MAINTENANCE OF LIABLE CAPITAL 

  

	17.1	Each of the Finance Parties agrees not to enforce any security interest granted under this Agreement against the Pledgor irrespective of whether the Pledgor is
at the time of enforcement incorporated in Germany as a limited liability company (Gesellschaft mit beschränkter Haftung) (a German GmbH Security Grantor) or a limited partnership (Kommanditgesellschaft) of which the
general partner (Komplementär) is a limited liability company (a German GmbH & Co. KG Security Grantor) (a German GmbH Security Grantor or a German GmbH & Co. KG Security Grantor each hereinafter referred to as a
Relevant German Security Grantor), if and to the extent the security interests constituted under this Agreement secure obligations of a shareholder of the Relevant German Security Grantor and/or any German Affiliate (as defined below), in
each case other than any direct or indirect subsidiary of the Relevant German Security Grantor, and, if and to the extent the enforcement of any security interest constituted under this Agreement would cause: 

 

	 	(a)	the German GmbH Security Grantor’s, or in the case of the German GmbH & Co. KG Security Grantor its general partner’s, assets (the calculation of
which shall take into account the captions reflected in § 266 (2) A, B, C, D and E of the German Commercial Code (Handelsgesetzbuch)) less the German GmbH Security Grantor’s, or in case of a German GmbH & Co. KG
Security Grantor its general partner’s, liabilities, provisions and liability reserves (the calculation of which shall take into account the captions reflected in § 266 (3) B, C, D and E of the German Commercial Code) (the Net
Assets) to be less than the registered share capital (Stammkapital) of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor of the registered share capital of its general partner
(Begründung einer Unterbilanz); or 

  

	 	(b)	an increase of a shortfall, if the Net Assets of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor, of its general
partner, already fall short of the amount of the registered share capital (Vertiefung einer Unterbilanz). 

 For the purposes of calculating the Net Assets loans and other contractual liabilities
incurred in violation of the provisions of the Finance Documents shall be disregarded. 
  

	17.2	In this Clause 17 (Maintenance of Liable Capital), the term German Affiliate refers to an affiliated company (verbundenes Unternehmen) of the Relevant
German Security Grantor within the meaning of §§ 15 et. seq. of the German Stock Corporation Act (Aktiengesetz). 

  

	17.3	Furthermore, the Relevant German Security Grantor shall, in a situation where 

 

	 	(a)	it does not have sufficient assets to maintain its capital; and 

  

	 	(b)	the Security Agent would (but for this Clause) be entitled to enforce the security granted hereunder, 

realise any and all of its assets that (i) are shown in the balance sheet with a book value (Buchwert) which is significantly
lower than the market value of such assets, and (ii) are not necessary for the Relevant Company’s business (betriebsnotwendig). 
  

	17.4	Nothing in this Agreement shall be interpreted as a restriction or limitation of the enforcement of any security interest constituted under this Agreement if and
to the extent such security interest constituted under this Agreement secures own obligations of the relevant German Security Grantor or obligations of any of its direct or indirect subsidiaries. 

 

	18.	APPLICABLE LAW; JURISDICTION 

  

	18.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

	18.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement) for all Parties shall be Frankfurt am Main, Germany. The Security Agent, however, shall also be entitled to take legal action against the
Pledgor before any other competent court of law having jurisdiction over the Pledgor or any of its assets. 
  

	19.	NOTIFICATION 

 The Pledgor
and the Pledgees hereby notify the Company of the Pledges and the Company hereby acknowledges the Pledges. 

 APPENDIX C. 7 

SUPPLEMENTAL INTEREST PLEDGE AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERMÖGEN GMBH & CO. KG 

4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	 	 	  	Page
			
	1.	 	Interpretation	  	169
	2.	 	Pledges	  	178
	3.	 	Independent Pledges	  	178
	4.	 	Security Purpose	  	179
	5.	 	Distributions	  	179
	6.	 	Exercise of Voting Rights	  	180
	7.	 	Enforcement of Pledges	  	180
	8.	 	Undertakings of the Pledgor	  	182
	9.	 	Representations and Warranties	  	183
	10.	 	Release of Security	  	183
	11.	 	Indemnity	  	183
	12.	 	Duration and Independence	  	184
	13.	 	Costs and Expenses	  	184
	14.	 	Partial Invalidity; Waiver	  	184
	15.	 	Amendments	  	185
	16.	 	Notices and their Language	  	185
	17.	 	Applicable Law; Jurisdiction	  	185
	18.	 	Notification	  	185

  

 THIS SUPPLEMENTAL INTEREST PLEDGE AGREEMENT (the Agreement) is made on 4 February 2010

 BETWEEN 
  

	(1)	KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having
its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902,

 (the Pledgor) 

on one side; and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstraße 22, 60311
Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent); and 
  

	(3)	the other FINANCE PARTIES (as defined in Clause 1.1 below), 

on the other side. 
 The
Security Agent and each Original Finance Party (as defined below) are hereinafter referred to individually as an Original Pledgee and together as the Original Pledgees. 

The Pledgor and the Pledgees (as defined below) are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to
demand performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Pledgor enters into this Agreement.

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

  

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Company means Kabel Deutschland Vermögen GmbH & Co. KG, a limited
partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local
court (Amtsgericht) of Munich under registration number HRA 84511. 
 Commitment Letter means the commitment letter
dated on or about the date of the Credit Agreement between the Mandated Lead Arrangers, the Original Lenders, KDG and KDVS. 

 Compliance Certificate means any compliance certificate issued or to be issued by any
Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Eligible
Terms means, in respect of any Additional Facility: 
  

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	 the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all
relevant Security Documents (whether through execution of new documents or amendment to existing documents) or (in each case) to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant
Security Documents means Security Documents comprising the same assets and shares comprised in Security Documents executed prior to the establishment 

	 	 
of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place (with the proceeds of enforcement of all Security Documents subject to the sharing
provisions of the Priority Agreement). 

 Escaline means Escaline S.à r.l., a limited
liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy, Luxembourg and being registered
with the Luxembourg trade register under registration number B 111 789. 
 Euro, euro, EUR or € means the
single European currency introduced 1 January 1999. 
 Existing Interest(s) shall have the meaning ascribed to that
term in Clause 2.1 below. 
 Existing Senior Interest Pledge Agreement means: 

 

	 	(a)	the relevant interest pledge agreement between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G
241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; and 

  

	 	(b)	the relevant interest pledge agreement between, amongst others, the Second Limited Partner and the Security Agent and others as pledgees under the notarial deed (roll
of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006 

Existing Second Ranking High Yield Interest Pledge Agreement means: 

 

	 	(a)	the relevant interest pledge agreement between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G
244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; and 

  

	 	(b)	the relevant interest pledge agreement between, amongst others, the Second Limited Partner and the Security Agent and others as pledgees under the notarial deed (roll
of deeds No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

External Facility means any credit agreement which has Eligible Terms. 

Event of Default means an event of default under any of the Finance Documents, which entitles the Facility Agent to declare that
all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a public limited company, having its registered
office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address
at: Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

Facility A1 means the English law governed up to EUR 1,150,000,000 term loan facility made or to be made available to KDVS
and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

 Facility B is a revolving credit facility made available under the terms of the
Credit Agreement. 
 Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made
available to KDVS for the purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility
C1 means the English law governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all
outstandings under Facility C. 
 Fee Letter means any letter entered into by reference to the Credit Agreement between
one or more Administrative Parties and an Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 

Finance Document means: 
  

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Pledgee means any person that becomes a party to any Finance Document as Finance Party after the date of this Agreement.

 Future Interests means any and all interests in the Company, other than the Existing Interests, which the Pledgor may
acquire and/or receive otherwise by any cause at law in future. 
 Germany means the Federal Republic of Germany.

 Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

 Hedging Letter means a letter dated on or about the original date of the Credit
Agreement between KDG, the Mandated Lead Arrangers and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the
terms of that letter. 
 Hedging means any interest rate or currency swap, derivative transaction or hedging facility.

 Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 Interests means
the Existing Interests and the Future Interests. 
 KDG means Kabel Deutschland GmbH, a limited liability company
(Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at
the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDG Merger means a merger (whether
by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG. 
 KDVS means Kabel
Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered
in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Lender means: 
  

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each
of the entities listed in Schedule 2 Part 2 of this Agreement. 
 Original Directly Secured Lender means each of the
entities listed in Schedule 3 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Directly Secured Lender, and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 2 Part 1 of this Agreement. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 
 Permitted Acquisition means any one or more acquisitions by KDVS, and following the effectiveness of the
KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or 

 
other ownership interests in a limited liability company or limited liability partnership or of any existing business carried on as a going concern where the acquired company or partnership and
each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally in the Core Business in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated
with the considerations for each other such permitted acquisitions since the date of the Credit Agreement, Euro 800,000,000. 

Pledge means each of the pledges constituted under Clause 2.2. 

Pledgee means each Original Pledgee and any Future Pledgee (together the Pledgees). 

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a
supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others,
KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Request means any
request for the draw down of any credit facility under the Credit Agreement by any Obligor. 
 Second Limited Partner
means Kabel Deutschland Vermögen Beteiligungs GmbH & Co KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring, (Landkreis München), Germany,
which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 84471. 

Secured Claims means all present and future rights and claims (Ansprüche) (whether actual or contingent and whether
owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including,
without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection,
preservation or enforcement of their respective rights under the Finance Documents. 
 Security means any and all security
granted to secure the Secured Claims. 
 Security Document means any document evidencing or creating security over any
asset of any Obligor to secure any obligation of any Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter
alia, the Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substitution agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel,
Switzerland) the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt
Holding GmbH as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the
Substitution Agreement). 
 Underwriter means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Pledgees unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	2.	PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor and the Second Limited Partner are the only limited partners (Kommanditisten) of the Company as of the date of this Agreement.

  

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH which does not hold any interest
(Kapitalanteil) in the Company. 

  

	 	(c)	The Pledgor holds all limited partners’ interests (Kommanditanteile/Mitgliedschaft) representing 100% of the capital interests in the Company (the
Existing Interests). Its capital interest (Kapitalanteil) currently amounts to EUR 1,000 (in words: Euro one thousand) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand).

  

	 	(d)	The Second Limited Partner does not have any capital interest (Kapitalanteil) in the Company but its liable capital (Haftsumme) amounts to EUR 1,000 (in
words: Euro one thousand). 

  

	 	(e)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each of the Original Pledgees and to each Future Pledgee for their rateable interest as security. 

 

	 	(b)	Each of the Original Pledgees hereby accepts the Pledge. In addition, the Security Agent accepts each of the Pledges for and on behalf of each Future Pledgee hereunder
as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust Agreement thereby becoming a Pledgee. All Parties
hereto confirm that the validity of any of the Pledges constituted hereunder shall not be affected by the Security Agent acting as proxy without power of attorney for each Future Pledgee. 

 

	3.	INDEPENDENT PLEDGES 

  

	 	(a)	The validity and effect of each of the Pledges shall be independent from the validity and the effect of any of the other Pledges created hereunder and is in addition,
and without any prejudice, to any other security which any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Pledges to each of the Pledgees shall be separate and individual pledges. Each of the Pledges
shall rank pari passu to each other Pledge created hereunder. 

  

	 	(b)	 The Parties agree that the fact that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreements and the
Existing Second Ranking High Yield Interest Pledge Agreements shall not in any way prejudice the creation of the Pledges under 

	 	 
and pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind (nachrangig) to any security interest constituted under the
Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements, as long as any security interest constituted under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking
High Yield Interest Pledge Agreements are in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Pledges, to the extent the Pledges relate to monetary receivables, is limited by operation of
law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements. 

 

	 	(c)	The Parties further acknowledge that although the Pledges would rank behind any security interest under the Existing Second Ranking High Yield Interest Pledge
Agreements the priority to any realisation proceeds as agreed upon in the Priority Agreement shall remain unaffected. 

  

	 	(d)	Any security interest constituted under of the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements and any
other term and agreement of any of Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements shall remain unaffected by the terms of and any security interest constituted under this Agreement.

  

	4.	SECURITY PURPOSE 

 The
Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Agent. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Agent in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Agent for itself and for the other Pledgees to be held as security and shall, if
received by the Pledgor, be received as holder for the Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Agent for itself and for the Pledgees as security in the same form as so
received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3. 

 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 7.1 below. The Pledgor, however, shall at all times until the full and complete satisfaction of all Secured
Claims or the release of the Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 4 hereof or which would defeat, impair or
circumvent the rights of the Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Security Agent promptly of all other actions concerning the Company which might adversely affect the security
interest of the Pledgees. In particular, the Pledgor shall notify the Security Agent forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect upon the Pledges. In any
event the Security Agent shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent it relates to such resolution) and all
applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 
  

	7.	ENFORCEMENT OF PLEDGES 

  

	7.1	Pledgees’ Rights 

  

	 	(a)	 If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code
(Bürgerliches Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 Business Days following the receipt of a notification in accordance with
Clause 7.1(b), the Pledgees 

	 	 
may enforce any of the Pledges (or any part thereof) through the Security Agent by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in
all cases notwithstanding § 1277 of the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Agent shall notify the Pledgor of the intention to realise any of the Pledges over the Interests not less than 5 (five) Business Days before the date on
which the respective Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public auction shall be
sufficient. The public auction may be held at any place in Germany which will be determined by the Security Agent. 

  

	 	(c)	If the Security Agent should seek to enforce any of the Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at his own expense, render
forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Agent of any other right the Pledgees may have under German law. 

 

	 	(d)	The Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Pledgees shall at all times until the full and complete satisfaction
of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

  

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Pledges, no rights of the Pledgees shall pass to the Pledgor by
subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Agent shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims,
notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Agent in satisfaction in whole or in part of the Secured Claims notwithstanding the Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of the Pledge must be applied by the Security Agent in the following order of priority: 

 

	 	(b)	first, in or towards payment of, or provision for, all costs and expenses incurred by the Security Agent in connection with the enforcement of the Pledge; and

  

	 	(c)	second, in or towards payment of the Secured Claims by transferring the proceeds to the Facility Agent for distribution. 

 

	 	(d)	The Security Agent may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Agent shall confirm to the Pledgor upon request that the
Interests are released from the Pledges and retransfer to the Pledgor any documents received by the Security Agent or any designee pursuant to Clause 7.1(f) hereof. 
  

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Agent promptly of any change in the partnership of, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or any registrations in the commercial register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Agent promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

	 	(d)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

	 	(ii)	if the Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to this Agreement
and the exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to
execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; 

 

	 	(e)	at the Security Agent’s reasonable request, to furnish to the Security Agent such information concerning the Interests as is available to the Pledgor, to permit
the Security Agent and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business hours, and,
upon the reasonable request of the Security Agent, to deliver to the Security Agent copies of all such records and papers; 

  

	 	(f)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Pledges or the effect of which results in the
Interests ceasing to exist; and 

  

	 	(g)	that all Future Interests will be fully paid and that there will be no obligation for any partner to make additional contributions. 

 

	8.2	Pledges over all Interests 

The Security Agent may at all times for itself and for the Pledgees request to hold a pledge over all Interests held by the Pledgor (and
in the case of a merger an equivalent security interest over the shares or interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Pledgees that: 
  

	 	(a)	except for the limited partner’s interest held by the Second Limited Partner, the Existing Interests pledged hereunder are the only limited partner’s
interests in the Company in existence at the date hereof; 

  

	 	(b)	except for the requirement of a written approval by all holders of a partnership interest in the Company which approval has been given and except for any restrictions
under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements, the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in,
or any other disposal of, any of the Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; 

 

	 	(e)	except for any rights under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Pledge Agreements the Existing Interest is free
from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

 Even
prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the Pledgor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to
the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily, the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released.

  

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Agent nor the Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of such loss or
damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	11.2	Indemnification 

 The
Pledgor will indemnify the Security Agent and each of the Pledgees and keep the Security Agent and each of the Pledgees indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by or made against the
Security Agent and/or each of the Pledgees as a result of any breach of the Pledgor of any of its obligations or undertakings contained herein except to the extent that such losses, actions, claims, expenses, demands or liabilities have resulted
from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Pledgees or the Security Agent. 

	11.3	This Clause 11 shall survive the termination of this Agreement under Clause 12 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the Secured
Claims. 
  

	12.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever in any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	12.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or any of the other Pledgees with respect to any obligation of any of the Obligors under the Finance Documents. None of such
other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 
  

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular the Pledges shall not be affected and shall in any event extend
to any and all Interests in the Company even if the number or nominal value of any of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Agent or the Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by
law. 

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Agent and/or the Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number
of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time. 

 

	16.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 
  

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

	17.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement)for all Parties shall be Frankfurt am Main, Germany. The Security Agent, however, shall also be entitled to take legal action against the
Pledgor before any other competent court of law having jurisdiction over the Pledgor or any of its assets. 
  

	18.	NOTIFICATION 

 The Pledgor
and the Pledgees hereby instruct and authorise the undersigned notary public to notify the Company of the Pledges by means of forwarding a certified copy of this Agreement to the Company by registered mail (return receipt requested). 

 APPENDIX C. 8 

SUPPLEMENTAL INTEREST PLEDGE AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERMÖGEN GMBH & CO. KG 

4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	  	 	  	Page
			
	 1.
	  	Interpretation	  	189
	 2.
	  	Pledges	  	198
	 3.
	  	Independent Pledges	  	198
	 4.
	  	Security Purpose	  	199
	 5.
	  	Distributions	  	199
	 6.
	  	Exercise of Voting Rights	  	200
	 7.
	  	Enforcement of Pledges	  	201
	 8.
	  	Undertakings of the Pledgor	  	202
	 9.
	  	Representations and Warranties	  	203
	 10.
	  	Release of Security	  	203
	 11.
	  	Indemnity	  	204
	 12.
	  	Duration and Independence	  	204
	 13.
	  	Costs and Expenses	  	204
	 14.
	  	Partial Invalidity; Waiver	  	204
	 15.
	  	Amendments	  	205
	 16.
	  	Notices and their Language	  	205
	 17.
	  	Maintenance of Liable Capital	  	205
	 18.
	  	Applicable Law; Jurisdiction	  	206
	 19.
	  	Notification	  	207

  

 THIS SUPPLEMENTAL INTEREST PLEDGE AGREEMENT (the Agreement) is made on 4 February 2010

 BETWEEN 
  

	(1)	KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany,
having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 84471,

 (the Pledgor) 

on one side; and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstraße 22, 60311
Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent); and 
  

	(3)	the other FINANCE PARTIES (as defined in Clause 1.1 below), 

on the other side. 
 The
Security Agent and each Original Finance Party (as defined below) are hereinafter referred to individually as an Original Pledgee and together as the Original Pledgees. 

The Pledgor and the Pledgees (as defined below) are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to
demand performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Pledgor enters into this Agreement.

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Company means Kabel Deutschland Vermögen GmbH & Co. KG, a limited
partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local
court (Amtsgericht) of Munich under registration number HRA 84511 

 Commitment Letter means the commitment letter dated on or about the date of the
Credit Agreement between the Mandated Lead Arrangers, the Original Lenders, KDG and KDVS. 
 Compliance Certificate means
any compliance certificate issued or to be issued by any Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Eligible
Terms means, in respect of any Additional Facility: 
  

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	 the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all
relevant Security Documents (whether through execution of new documents or amendment to existing documents) or (in each case) 

	 	 
to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant Security Documents means Security Documents comprising the same assets
and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place (with the proceeds of enforcement of all Security Documents
subject to the sharing provisions of the Priority Agreement). 

 Escaline means Escaline
S.à r.l., a limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy,
Luxembourg and being registered with the Luxembourg trade register under registration number B 111 789. 
 Euro, euro, EUR
or € means the single European currency introduced 1 January 1999. 
 Existing Interest(s) shall have the
meaning ascribed to that term in Clause 2.1 below. 
 Existing Senior Interest Pledge Agreement means: 

 

	 	(a)	the relevant interest pledge agreements between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G
241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

  

	 	(b)	the relevant interest pledge agreements between, amongst others, the Second Limited Partner and the Security Agent and others as pledgees under the notarial deed (roll
of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Interest Pledge Agreement means: 

 

	 	(a)	the relevant interest pledge agreements between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. G
244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006 

  

	 	(b)	the relevant interest pledge agreements between, amongst others, the Second Limited Partner and the Security Agent and others as pledgees under the notarial deed (roll
of deeds No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

External Facility means any credit agreement which has Eligible Terms. 

Event of Default means an event of default under any of the Finance Documents, which entitles the Facility Agent to declare that
all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a public limited company, having its registered
office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address
at: Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

 Facility A1 means the English law governed up to EUR 1,150,000,000 term loan
facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility C1 means the English law
governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C.

 Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative
Parties and an Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 

Finance Document means: 
  

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Pledgee means any person that becomes a party to any Finance Document as Finance Party after the date of this Agreement.

 Future Interests means any and all interests in the Company, other than the Existing Interests, which the Pledgor may
acquire and/or receive otherwise by any cause at law in future. 

 Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

Hedging Document means 
  

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 Interests means
the Existing Interests and the Future Interests. 
 KDG means Kabel Deutschland GmbH, a limited liability company
(Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at
the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDG Merger means a merger (whether
by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG. 
 KDVS means Kabel
Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered
in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Lender means: 
  

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each
of the entities listed in Schedule 2 Part 2 of this Agreement. 
 Original Directly Secured Lender means each of the
entities listed in Schedule 3 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Directly Secured Lender, and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 2 Part 1 of this Agreement. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 

 Permitted Acquisition means any one or more acquisitions by KDVS, and following the
effectiveness of the KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership interests in a limited liability company
or limited liability partnership or of any existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally
in the Core Business in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions since the date of the Credit Agreement,
Euro 800,000,000. 
 Pledge means each of the pledges constituted under Clause 2.2. 

Pledgee means each Original Pledgee and any Future Pledgee (together the Pledgees). 

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a
supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others,
KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Request means any
request for the draw down of any credit facility under the Credit Agreement by any Obligor. 
 Second Limited Partner
means Kabel Deutschland Vertrieb und Service GmbH & Co KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring, (Landkreis München), Germany, which is
registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Secured Claims means all present and future rights and claims (Ansprüche) (whether actual or contingent and whether
owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including,
without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection,
preservation or enforcement of their respective rights under the Finance Documents. 
 Security means any and all security
granted to secure the Secured Claims. 
 Security Document means any document evidencing or creating security over any
asset of any Obligor to secure any obligation of any Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter
alia, the Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substitution agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel,
Switzerland) the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt
Holding GmbH as sellers pursuant to which all shares in, inter alia, the Companies have been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the
Substitution Agreement). 
 Underwriter means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Pledgees unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	2.	PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor and the Second Limited Partner are the only limited partners (Kommanditisten) of the Company as of the date of this Agreement.

  

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Verwaltungs GmbH which does not hold any interest (Kapitalanteil) in the
Company. 

  

	 	(c)	The Pledgor holds a limited partners’ interests (Kommanditanteil/Mitgliedschaft) representing 0% of the capital interests in the Company (the
Existing Interests) but its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand). 

  

	 	(d)	The Second Limited Partner holds a limited partners’ interests (Kommanditanteil/Mitgliedschaft) representing 100% of the capital interests in the
Company. Its capital interest (Kapitalanteil) currently amounts to EUR 1,000 (in words: Euro one thousand) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand). 

 

	 	(e)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each of the Original Pledgees and to each Future Pledgee for their rateable interest as security. 

 

	 	(b)	Each of the Original Pledgees hereby accepts the Pledge. In addition, the Security Agent accepts each of the Pledges for and on behalf of each Future Pledgee hereunder
as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust Agreement thereby becoming a Pledgee. All Parties
hereto confirm that the validity of any of the Pledges constituted hereunder shall not be affected by the Security Agent acting as proxy without power of attorney for each Future Pledgee. 

 

	3.	INDEPENDENT PLEDGES 

  

	 	(a)	The validity and effect of each of the Pledges shall be independent from the validity and the effect of any of the other Pledges created hereunder and is in addition,
and without any prejudice, to any other security which any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Pledges to each of the Pledgees shall be separate and individual pledges. Each of the Pledges
shall rank pari passu to each other Pledge created hereunder. 

	 	(b)	The Parties agree that the fact that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreements and the Existing Second Ranking
High Yield Interest Pledge Agreements shall not in any way prejudice the creation of the Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind (nachrangig) to
any security interest constituted under the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements, as long as any security interest constituted under the Existing Senior Interest Pledge
Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements are in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Pledges, to the extent the Pledges relate to
monetary receivables, is limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements.

  

	 	(c)	The Parties further acknowledge that although the Pledges would rank behind any security interest under the Existing Second Ranking High Yield Interest Pledge
Agreements the priority to any realisation proceeds as agreed upon in the Priority Agreement shall remain unaffected. 

  

	 	(d)	Any security interest constituted under the Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements and any
other term and agreement of any of Existing Senior Interest Pledge Agreements and the Existing Second Ranking High Yield Interest Pledge Agreements shall remain unaffected by the terms of and any security interest constituted under this Agreement.

  

	4.	SECURITY PURPOSE 

 The
Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent Of The Pledge 

 The
Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Agent. 

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Agent in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Agent for itself and for the other Pledgees to be held as security and shall, if
received by the Pledgor, be received as holder for the Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Agent for itself and for the Pledgees as security in the same form as so
received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3. 

 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 7.1 below. The Pledgor, however, shall at all times until the full and complete satisfaction of all Secured
Claims or the release of the Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 4 hereof or which would defeat, impair or
circumvent the rights of the Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Security Agent promptly of all other actions concerning the Company which might adversely affect the security
interest of the Pledgees. In particular, the Pledgor shall notify the Security Agent forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect upon the Pledges. In any
event the Security Agent shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent it relates to such resolution) and all
applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 

	7.	ENFORCEMENT OF PLEDGES 

  

	7.1	Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 Business Days following the receipt of a notification in accordance with Clause 7.1(b), the
Pledgees may enforce any of the Pledges (or any part thereof) through the Security Agent by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases notwithstanding § 1277 of the
German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Agent shall notify the Pledgor of the intention to realise any of the Pledges over the Interests not less than 5 (five) Business Days before the date on
which the respective Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public auction shall be
sufficient. The public auction may be held at any place in Germany which will be determined by the Security Agent. 

  

	 	(c)	If the Security Agent should seek to enforce any of the Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at his own expense, render
forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Agent of any other right the Pledgees may have under German law. 

 

	 	(d)	The Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Pledgees shall at all times until the full and complete satisfaction
of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

  

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Pledges, no rights of the Pledgees shall pass to the Pledgor by
subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Agent shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims,
notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Agent in satisfaction in whole or in part of the Secured Claims notwithstanding the Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of the Pledge must be applied by the Security Agent in the following order of priority: 

	 	(b)	first, in or towards payment of, or provision for, all costs and expenses incurred by the Security Agent in connection with the enforcement of the Pledge; and

  

	 	(c)	second, in or towards payment of the Secured Claims by transferring the proceeds to the Facility Agent for distribution. 

 

	 	(d)	The Security Agent may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Agent shall confirm to the Pledgor upon request that the
Interests are released from the Pledges and retransfer to the Pledgor any documents received by the Security Agent or any designee pursuant to Clause 7.1(f) hereof. 
  

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Agent promptly of any change in the partnership of, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or any registrations in the commercial register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Agent promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

	 	(d)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

 

	 	(ii)	if the Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to this Agreement
and the exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to
execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; 

 

	 	(e)	at the Security Agent’s reasonable request, to furnish to the Security Agent such information concerning the Interests as is available to the Pledgor, to permit
the Security Agent and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business hours, and,
upon the reasonable request of the Security Agent, to deliver to the Security Agent copies of all such records and papers; 

	 	(f)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Pledges or the effect of which results in the
Interests ceasing to exist; and 

  

	 	(g)	that all Future Interests will be fully paid and that there will be no obligation for any partner to make additional contributions. 

 

	8.2	Pledges over all Interests 

The Security Agent may at all times for itself and for the Pledgees request to hold a pledge over all Interests held by the Pledgor (and
in the case of a merger an equivalent security interest over the shares or interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Pledgees that: 
  

	 	(a)	except for the limited partner’s interest held by the Second Limited Partner, the Existing Interests pledged hereunder are the only limited partner s’
interests in the Company in existence at the date hereof; 

  

	 	(b)	except for the requirement of a written approval by all holders of a partnership interest in the Company which approval has been given and except for any restrictions
under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements, the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in,
or any other disposal of, any of the Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; 

 

	 	(e)	except for any rights under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Pledge Agreements the Existing Interest is free
from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

 Even
prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the Pledgor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to
the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily, the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released.

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Agent nor the Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of such loss or
damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	11.2	Indemnification 

 The
Pledgor will indemnify the Security Agent and each of the Pledgees and keep the Security Agent and each of the Pledgees indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by or made against the
Security Agent and/or each of the Pledgees as a result of any breach of the Pledgor of any of its obligations or undertakings contained herein except to the extent that such losses, actions, claims, expenses, demands or liabilities have resulted
from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Pledgees or the Security Agent. 
  

	11.3	This Clause 11 shall survive the termination of this Agreement under Clause 12 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the Secured
Claims. 
  

	12.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever in any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	12.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or any of the other Pledgees with respect to any obligation of any of the Obligors under the Finance Documents. None of such
other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 
  

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 

 In particular the Pledges shall not be affected and shall in any event extend to any and all
Interests in the Company even if the number or nominal value of any of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Agent or the Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by
law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Agent and/or the Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number
of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time. 

 

	16.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 
  

	17.	MAINTENANCE OF LIABLE CAPITAL 

  

	17.1	Each of the Finance Parties agrees not to enforce any security interest granted under this Agreement against the Pledgor irrespective of whether the Pledgor is
at the time of enforcement incorporated in Germany as a limited liability company (Gesellschaft mit beschränkter Haftung) (a German GmbH Security Grantor) or a limited partnership (Kommanditgesellschaft) of which the
general partner (Komplementär) is a limited liability company (a German GmbH & Co. KG Security Grantor) (a German GmbH Security Grantor or a German GmbH & Co. KG Security Grantor each hereinafter referred to as a
Relevant German Security Grantor), if and to the extent the security interests constituted under this Agreement secure obligations of a shareholder of the Relevant German Security Grantor and/or any German Affiliate (as defined below), in
each case other than any direct or indirect subsidiary of the Relevant German Security Grantor, and, if and to the extent the enforcement of any security interest constituted under this Agreement would cause: 

 

	 	(a)	the German GmbH Security Grantor’s, or in the case of the German GmbH & Co. KG Security Grantor its general partner’s, assets (the calculation of
which shall take into account the captions reflected in § 266 (2) A, B, C, D and E of the German Commercial Code (Handelsgesetzbuch)) less the German GmbH Security Grantor’s, or in case of a German GmbH & Co. KG
Security Grantor its general partner’s, liabilities, provisions and liability reserves (the calculation of which shall take into account the captions reflected in § 266 (3) B, C, D and E of the German Commercial Code) (the Net
Assets) to be less than the registered share capital (Stammkapital) of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor of the registered share capital of its general partner
(Begründung einer Unterbilanz); or 

	 	(b)	an increase of a shortfall, if the Net Assets of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor, of its general
partner, already fall short of the amount of the registered share capital (Vertiefung einer Unterbilanz). 

For the purposes of calculating the Net Assets loans and other contractual liabilities incurred in violation of the provisions of the
Finance Documents shall be disregarded. 
  

	17.2	In this Clause 17 (Maintenance of Liable Capital), the term German Affiliate refers to an affiliated company (verbundenes Unternehmen) of the Relevant
German Security Grantor within the meaning of §§ 15 et. seq. of the German Stock Corporation Act (Aktiengesetz). 

  

	17.3	Furthermore, the Relevant German Security Grantor shall, in a situation where 

 

	 	(a)	it does not have sufficient assets to maintain its capital; and 

  

	 	(b)	the Security Agent would (but for this Clause) be entitled to enforce the security granted hereunder, 

realise any and all of its assets that (i) are shown in the balance sheet with a book value (Buchwert) which is significantly
lower than the market value of such assets, and (ii) are not necessary for the Relevant Company’s business (betriebsnotwendig). 
  

	17.4	Nothing in this Agreement shall be interpreted as a restriction or limitation of the enforcement of any security interest constituted under this Agreement if and
to the extent such security interest constituted under this Agreement secures own obligations of the relevant German Security Grantor or obligations of any of its direct or indirect subsidiaries. 

 

	18.	APPLICABLE LAW; JURISDICTION 

  

	18.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

	18.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement)for all Parties shall be Frankfurt am Main, Germany. The Security Agent, however, shall also be entitled to take legal action against the
Pledgor before any other competent court of law having jurisdiction over the Pledgor or any of its assets. 

	19.	NOTIFICATION 

 The Pledgor
and the Pledgees hereby instruct and authorise the undersigned notary public to notify the Company of the Pledges by means of forwarding a certified copy of this Agreement to the Company by registered mail (return receipt requested). 

 APPENDIX C. 9 

SUPPLEMENTAL INTEREST PLEDGE AGREEMENT 

RELATING TO THE INTERESTS IN 

TKS TELEPOST KABEL-SERVICE KAISERSLAUTERN GMBH & CO KG 

4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 Clause
	  	 	  	Page
			
	1.	  	Interpretation	  	211
	2.	  	Pledges	  	219
	3.	  	Independent Pledges	  	220
	4.	  	Security Purpose	  	220
	5.	  	Distributions	  	221
	6.	  	Exercise of Voting Rights	  	221
	7.	  	Enforcement of Pledges	  	222
	8.	  	Undertakings of the Pledgor	  	223
	9.	  	Representations and Warranties	  	224
	10.	  	Release of Security	  	225
	11.	  	Indemnity	  	225
	12.	  	Duration and Independence	  	225
	13.	  	Costs and Expenses	  	226
	14.	  	Partial Invalidity; Waiver	  	226
	15.	  	Amendments	  	226
	16.	  	Notices and their Language	  	226
	17.	  	Applicable Law; Jurisdiction	  	227
	18.	  	Notification	  	227

 THIS SUPPLEMENTAL INTEREST PLEDGE AGREEMENT (the Agreement) is made on 4 February 2010

 BETWEEN 
  

	(1)	KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under
the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of Munich under registration
number HRA 83902, 

 (the Pledgor) 

on one side; and 
  

	(2)	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB
Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstraße 22, 60311
Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147, 

(the Security Agent); and 
  

	(3)	the other FINANCE PARTIES (as defined in Clause 1.1 below), 

on the other side. 
 The Security
Agent and each Original Finance Party (as defined below) are hereinafter referred to individually as an Original Pledgee and together as the Original Pledgees. 

The Pledgor and the Pledgees (as defined below) are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

	(A)	The Lenders (as defined below) have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on
1 February 2010 (the Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and
supplemented. 

  

	(B)	The Security Agent is the joint and several creditor (together with, inter alia, any and all of the Finance Parties (as defined below) of each and every payment
obligation of any Obligor (as defined below) towards each and any of, inter alia, the Finance Parties (as defined below) under the Finance Documents (as defined below) and accordingly the Security Agent will have its own independent right to
demand performance by the relevant Obligor (as defined below) of those obligations when due (the Joint and Several Creditor Claim). 

  

	(C)	It is a condition to the Lenders consenting to the terms of, inter alia, the Credit Agreement Amendment Letter that the Pledgor enters into this Agreement.

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Accounting Principles means accounting principles, policies, standards, bases and practices which, as at the
date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze ordnungsgemäßer Buchführung und Bilanzierung). 

Acquisition means 
  

	 	(a)	any one or more acquisition by KDVS of assets comprising cable television networks and/or subscribers and/or related assets (and/or shares or equity interests in
persons owning such assets (directly or indirectly)) from members of the Orion Group or from persons in which members of the Orion Group have a significant equity interest; and 

 

	 	(b)	any acquisition under the Tele Columbus/ewt SPA. 

Additional Borrower means a member of the Group which becomes a borrower under the Credit Agreement after the date of this
Agreement. 
 Additional Facility means an Add-On Facility or an External Facility. 

Add-On Facility Accession Agreement means 
  

	 	(a)	the Tele Columbus/ewt Add-On Facility Accession Agreement; 

  

	 	(b)	any Add-on Facility Accession Agreement – Facility A1; 

  

	 	(c)	any Add-on Facility Accession Agreement – Facility C1; and 

  

	 	(d)	any other accession deed pursuant to which any person or entity accedes to the Credit Agreement as provider of an Add-On Facility. 

Add-On Facility Accession Agreement – Facility A1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which the Facility A1 shall be made available. 

Add-On Facility Accession Agreement – Facility C1 means each English law governed add-on facility accession agreement each
dated 3 February 2010 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C1 shall be made available. 

Add-On Facility means 
  

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

	 	(d)	any loan facility which refinances any and all outstandings under the Facility B of the Credit Agreement; and 

 

	 	(e)	any other additional loan facility provided under the Credit Agreement which has Eligible Terms. 

Add-On Facility Lender means: 
  

	 	(a)	an Original Add-On Facility Lender; or 

  

	 	(b)	any person or entity which has become a lender under an Add-On Facility. 

Administrative Party means a Mandated Lead Arranger, the Facility Agent or the Security Agent. 

Ancillary Facility means any facility or financial accommodation (including any overdraft, foreign exchange, guarantee, bonding,
documentary or standby letter of credit, credit card or automated payments facility) established by a Lender in place of all or parts of its respective facility commitment. 

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

Ancillary Outstandings means, at any time and with respect to any Ancillary Facility of any Ancillary Lender, the aggregate of all
of the following amounts (as calculated by that Ancillary Lender) outstanding at that time under that Ancillary Facility: 
  

	 	(a)	all amounts of principal then outstanding under any overdraft, cheque drawing or other account facilities determined on a gross basis unless such facilities are made
available on the basis of netting arrangements satisfactory to the Ancillary Lender in which case, such outstanding principal amounts shall be determined on the net debt basis used by that Ancillary Lender; 

 

	 	(b)	the maximum potential liability (excluding amounts stated to be in respect of interest and fees) under all guarantees, bonds and letters of credit then outstanding
under that Ancillary Facility; and 

  

	 	(c)	in respect of any other facility or financial accommodation, such other amount (excluding interest and similar charges) as fairly represents the aggregate exposure of
that Ancillary Lender under that facility or accommodation, as reasonably determined by that Ancillary Lender from time to time in accordance with its usual banking practice for facilities or accommodation of the relevant type.

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

Borrower means KDVS or an Additional Borrower. 

Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and Frankfurt
am Main and which is also a TARGET Day. 
 Company means TKS Telepost Kabel-Service Kaiserslautern GmbH & Co KG,
a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis Munich), Germany, which is registered in the commercial register (Handelsregister) at the
local court (Amtsgericht) of Munich under registration number HRA 2278 

 Commitment Letter means the commitment letter dated on or about the date of the
Credit Agreement between the Mandated Lead Arrangers, the Original Lenders, KDG and KDVS. 
 Compliance Certificate means
any compliance certificate issued or to be issued by any Obligor in connection with the Credit Agreement setting out the compliance with certain financial ratios and/or covenants. 

Core Business means: 
  

	 	(a)	the provision of cable related services in Germany over the cable network of the Group and services ancillary thereto (for the avoidance of doubt including analogue
television, digital television, telephony and internet access); 

  

	 	(b)	any other business carried on by the Group as at the date of the Credit Agreement; and 

 

	 	(c)	the provision of administrative and information technology services incidental to the businesses identified in paragraphs (a) and (b) above.

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Eligible
Terms means, in respect of any Additional Facility: 
  

	 	(a)	the final maturity date of that Additional Facility must be a date not earlier than falling at least six months after 31 March 2014 (except that the Facility A1
and Facility C1 and any revolving facility provided under and/or in connection with the Credit Agreement may have a maturity date of 31 March 2014); 

  

	 	(b)	there must be no amortisation required in respect of that Additional Facility; 

 

	 	(c)	subject to paragraph (d) below, that Additional Facility must be a term facility (which, in the case of an External Facility, may include notes, bonds or any other
term credit arrangement which is not capable, by its terms, of being repaid or prepaid and redrawn before the date falling at least six months after 31 March 2012 (it being acknowledged that such arrangement may have customary change of
control, voluntary prepayment, asset sale and similar prepayment provisions)); and 

  

	 	(d)	the purpose must be to fund a Permitted Acquisition or to refinance all or part of any facility (including without limitation the Facility B) or to replace any
commitment under the Credit Agreement, and for the avoidance of any doubt, an Additional Facility which refinances the Facility B or replaces a commitment in relation to the Facility B may be a revolving facility; 

 

	 	(e)	(in the case of an Additional Facility the purpose of which is to fund a Permitted Acquisition) the principal amount of that Additional Facility (together with the
principal amount of all other Additional Facilities) may not exceed the maximum amount which, if fully utilised on the date of completion of the relevant Permitted Acquisition, would not result in any breach of certain financial covenant ratios;

  

	 	(f)	 the liabilities of the obligors thereunder are to be treated and rank as a senior debt under the Priority Agreement and to have the benefit of all
relevant Security Documents (whether through execution of new documents or amendment to existing documents) or (in each case) 

	 	 
to have such lower ranking as is agreed by all the lenders of that Additional Facility. For these purposes relevant Security Documents means Security Documents comprising the same assets
and shares comprised in Security Documents executed prior to the establishment of that Additional Facility, it being acknowledged that prior-ranking Security Documents will remain in place (with the proceeds of enforcement of all Security Documents
subject to the sharing provisions of the Priority Agreement). 

 Escaline means Escaline
S.à r.l., a limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its business address at: 46A, Avenue John F. Kennedy,
Luxembourg and being registered with the Luxembourg trade register under registration number B 111 789. 
 Euro, euro, EUR
or € means the single European currency introduced 1 January 1999. 
 Existing Interest(s) shall have the
meaning ascribed to that term in Clause 2.1 below. 
 Existing Senior Interest Pledge Agreement means the interest pledge
agreement between, amongst others, the Pledgor and the Security Agent and others as pledgees under the notarial deed (roll of deeds No. 8/2006 of notary public Dr. Niklaus E. Schiess with his offices in Basel, Switzerland) dated
11/12 May 2006. 
 External Facility means any credit agreement which has Eligible Terms. 

Event of Default means an event of default under any of the Finance Documents, which entitles the Facility Agent to declare that
all or part of any amounts outstanding under the Finance Documents or any of them are immediately due and payable, or payable on demand. 

Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a public limited company, having its registered
office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address
at: Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Facility A is a term loan facility made available under the terms of the Credit Agreement. 

Facility A1 means the English law governed up to EUR 1,150,000,000 term loan facility made or to be made available to KDVS
and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under the Facility A. 

Facility B is a revolving credit facility made available under the terms of the Credit Agreement. 

Facility C means the English law governed EUR 650,000,000 term loan facility made or to be made available to KDVS for the
purposes of paying any of its payment obligations in connection with the Acquisition. 
 Facility C1 means the English law
governed up to EUR 650,000,000 term loan facility made or to be made available to KDVS and/or KDG as an add-on facility under the Credit Agreement for the purposes of, inter alia, repaying any and all outstandings under Facility C.

 Fee Letter means any letter entered into by reference to the Credit Agreement between one or more Administrative
Parties and an Obligor setting out the amount of certain fees which are payable, inter alia, in relation to the Credit Agreement. 

 Finance Document means: 

 

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

	 	(n)	any other document designated as such by the Facility Agent and KDG. 

Finance Party means an Administrative Party, an Underwriter, a Lender or a Hedging Bank. 

Future Pledgee means any person that becomes a party to any Finance Document as Finance Party after the date of this Agreement.

 Future Interests means any and all interests in the Company, other than the Existing Interests, which the Pledgor may
acquire and/or receive otherwise by any cause at law in future. 
 Germany means the Federal Republic of Germany.

 Group means KDG and its Subsidiaries (but excluding any Unrestricted Subsidiary). 

Hedging Letter means a letter dated on or about the original date of the Credit Agreement between KDG, the Mandated Lead Arrangers
and the Facility Agent relating to the interest and currency hedging to be effected by the Group and any other letter designated as such by KDG and the Facility Agent which amends or supplements the terms of that letter. 

Hedging means any interest rate or currency swap, derivative transaction or hedging facility. 

Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

	 	(b)	each party (other than an Obligor) which shall at any relevant time be or become a party to any Hedging Document. 

 Hedging Document means 

 

	 	(a)	each master agreement, confirmation or other document evidencing any Hedging provided by a Hedging Bank to an Obligor; or 

 

	 	(b)	otherwise entered into on the basis that under the terms of the Finance Documents any party to such document (other than an Obligor) in such regard becomes entitled to
the benefit of, among other things, any security interest created under this Agreement. 

 Interests means
the Existing Interests and the Future Interests. 
 KDG means Kabel Deutschland GmbH, a limited liability company
(Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at
the Local Court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDG Merger means a merger (whether
by way of statutory merger, collapse merger or by any other cause at law) between KDVS and KDG. 
 KDVS means Kabel
Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered
in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Lender means: 
  

	 	(a)	any Original Lender; 

  

	 	(b)	any Original Add-On Facility Lender; or 

  

	 	(c)	any person which becomes a lender after the date of this Agreement, 

but only for so long as it has any outstanding commitment or participation in any loan provided under the Credit Agreement or Ancillary
Outstanding or any amount is owed to it (whether actually or contingently) in its capacity as lender. 
 Mandated Lead
Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
 Obligor Accession Deed means a deed of accession pursuant to which any person or entity
accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each
of the entities listed in Schedule 2 Part 2 of this Agreement. 

 Original Directly Secured Lender means each of the entities listed in Schedule 3 of
this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party, 

  

	 	(b)	each Underwriter, 

  

	 	(c)	each Original Directly Secured Lender, and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

	 	(d)	Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.; 

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

Original Lender means each of the entities listed in Schedule 2 Part 1 of this Agreement. 

Orion Group means, at any time, companies or other persons directly or indirectly controlled by Escaline or any of its subsidiaries
at that time. 
 Permitted Acquisition means any one or more acquisitions by KDVS, and following the effectiveness of the
KDG Merger, the surviving entity of such KDG Merger, or any of its wholly-owned Subsidiaries (except for any Unrestricted Subsidiary) of any issued voting share capital or other ownership interests in a limited liability company or limited liability
partnership or of any existing business carried on as a going concern where the acquired company or partnership and each of its material Subsidiaries carries on its business, or the acquired business is carried on, principally in the Core Business
in Germany provided that, inter alia, the consideration for such acquisition does not exceed, when aggregated with the considerations for each other such permitted acquisitions since the date of the Credit Agreement, Euro 800,000,000.

 Pledge means each of the pledges constituted under Clause 2.2. 

Pledgee means each Original Pledgee and any Future Pledgee (together the Pledgees). 

 Priority Agreement means the priority agreement originally dated 29 March 2004,
as amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 

Request means any request for the draw down of any credit facility under the Credit Agreement by any Obligor. 

Secured Claims means all present and future rights and claims (Ansprüche) (whether actual or contingent and whether
owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including,
without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection,
preservation or enforcement of their respective rights under the Finance Documents. 
 Security means any and all security
granted to secure the Secured Claims. 
 Security Document means any document evidencing or creating security over any
asset of any Obligor to secure any obligation of any Obligor to a Finance Party under any Finance Document referred to under (a) to (i) and (k) to (n) of the definition of “Finance Document”. 

Security Trust Agreement means the agreement originally dated 12 May 2006, as amended and supplemented by a supplemental
agreement in relation to certain German security documents dated on or about the date of this Agreement, between, amongst others, KDG and KDVS as security grantors, the Security Agent and the other Finance Parties pursuant to which, inter
alia, the Security Agent has been appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Subsidiary means any of: 
  

	 	(a)	an entity of which a person has direct or indirect control or owns directly or indirectly more than 50% of the voting capital or similar right of ownership, and control
for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise; or 

 

	 	(b)	an entity consolidated for the purpose of the financial statements of any person pursuant to the Accounting Principles. 

Tele Columbus/ewt Add-On Facility Accession Agreement means the English law governed add-on facility accession agreement dated
24 October 2007 between the Security Agent, certain persons or entities as lenders, KDG and KDVS pursuant to which Facility C has been made available. 

Tele Columbus/ewt SPA means the German law governed share purchase agreement dated 17/18 September 2007 (Roll of Notarial
Deeds No. 1049/2007) of notary public Dr. Gerhard Limberger, having his offices in Frankfurt a.M., Germany), as amended by notarial deeds No. 1050/2007 and 1051/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as
further amended by notarial deed no. 691/2007 of notary public Dr. Wolfgang Hauser, Frankfurt a.M., as further amended by notarial deed No. 1679/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M., as further amended by
notarial deed No. 217/2007 of notary public Dr. Gerhard Limberger, Frankfurt a.M. and as amended by an amendment and substitution agreement dated 18 April 2008 (A. Prot. 2008/55 of the notary public Ayesha Curmally, Basel,
Switzerland) the Substitution Agreement) made between Kabel Deutschland Erste Beteiligungsgesellschaft mbH as original purchaser (now replaced 

 
by the terms of the Substitution Agreement by KDVS as new purchaser) and Tele Columbus GmbH and ewt Holding GmbH as sellers pursuant to which all shares in, inter alia, the Companies have
been sold to Kabel Deutschland Erste Beteiligungsgesellschaft mbH as purchaser (now replaced by KDVS as purchaser pursuant to the terms of the Substitution Agreement). 

Underwriter means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs Credit Partners L.P.; and 

  

	 	(d)	JPMorgan Chase Bank, N.A. 

Unrestricted Subsidiary means any Subsidiary of KDVS or KDG (which is not an Obligor) nominated by KDVS to the Facility Agent at
any time when no Event of Default is outstanding. 
 TARGET Day means a day on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer System is open for the settlement of payments in Euro. 
 Transfer Certificate
means any transfer certificate pursuant to which any rights under the Credit Agreement shall be transferred by novation or otherwise to any new lender. 
  

	1.2	Construction 

  

	 	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	the Security Agent means the Security Agent acting as agent for and on behalf of the Pledgees unless otherwise provided herein; and 

 

	 	(ii)	promptly means promptly (unverzüglich) as contemplated in § 121 (1) BGB. 

 

	 	(b)	Where the context so admits, the singular includes the plural and vice versa. 

 

	 	(c)	The headings in this Agreement are for convenience only and are to be ignored in construing this Agreement. 

 

	 	(d)	Any reference in this Agreement to a defined document is a reference to that defined document as amended, restated, novated or supplemented from time to time.

  

	 	(e)	References to parties herein shall also be deemed to include references to their respective successors, transferees and assignees. 

 

	2.	PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor is the only limited partner (Kommanditist) of the Company as of the date of this Agreement. 

 

	 	(b)	The Company’s sole general partner (Komplementär) is TKS Telepost Kabel-Service Kaiserslautern Beteiligungs GmbH which does not hold any interest
(Kapitalanteil) in the Company. 

	 	(c)	The Pledgor holds all limited partners’ interests (Kommanditanteil/Mitgliedschaft) representing 100% of the capital interests in the Company (the
Existing Interests). Its capital interest (Kapitalanteil) currently amounts to DEM 3,128,000 (in words: Deutsche Mark three million one hundred twenty eight thousand) and its liable capital (Haftsumme) amounts to DEM 3,128,000
(in words: Deutsche Mark three million one hundred twenty eight thousand). 

  

	 	(d)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each of the Original Pledgees and to each Future Pledgee for their rateable interest as security. 

 

	 	(b)	Each of the Original Pledgees hereby accepts the Pledge. In addition, the Security Agent accepts each of the Pledges for and on behalf of each Future Pledgee hereunder
as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust Agreement thereby becoming a Pledgee. All Parties
hereto confirm that the validity of any of the Pledges constituted hereunder shall not be affected by the Security Agent acting as proxy without power of attorney for each Future Pledgee. 

 

	3.	INDEPENDENT PLEDGES 

  

	 	(a)	The validity and effect of each of the Pledges shall be independent from the validity and the effect of any of the other Pledges created hereunder and is in addition,
and without any prejudice, to any other security which any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Pledges to each of the Pledgees shall be separate and individual pledges. Each of the Pledges
shall rank pari passu to each other Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreement shall not in any way prejudice
the creation of the Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind (nachrangig) to any security interest constituted under the Existing Senior Interest
Pledge Agreement , as long as any security interest constituted under the Existing Senior Interest Pledge Agreement is in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Pledges, to the
extent the Pledges relate to monetary receivables, is limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreement 

 

	 	(c)	Any security interest and pledge constituted under any of Existing Senior Interest Pledge Agreement and any other term and agreement of any of Existing Senior Interest
Pledge Agreement shall remain unaffected by the terms of and any security interest constituted under this Agreement. 

  

	4.	SECURITY PURPOSE 

 The
Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Agent. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Agent in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Agent for itself and for the other Pledgees to be held as security and shall, if
received by the Pledgor, be received as holder for the Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Agent for itself and for the Pledgees as security in the same form as so
received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3. 

 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 7.1 below. The Pledgor, however, shall at all times until the full and complete satisfaction of all Secured
Claims or the release of the Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Pledges are not in any way adversely affected. 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 4 hereof or which would defeat, impair or
circumvent the rights of the Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Security Agent promptly of all other actions concerning the Company which might adversely affect the security
interest of the Pledgees. In particular, the Pledgor shall notify the Security Agent forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect upon the Pledges. In any
event the Security Agent shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent it relates to such resolution) and all
applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 
  

	7.	ENFORCEMENT OF PLEDGES 

  

	7.1	Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 Business Days following the receipt of a notification in accordance with Clause 7.1(b), the
Pledgees may enforce any of the Pledges (or any part thereof) through the Security Agent by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases notwithstanding § 1277 of the
German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Agent shall notify the Pledgor of the intention to realise any of the Pledges over the Interests not less than 5 (five) Business Days before the date on
which the respective Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public auction shall be
sufficient. The public auction may be held at any place in Germany which will be determined by the Security Agent. 

  

	 	(c)	If the Security Agent should seek to enforce any of the Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at his own expense, render
forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Agent of any other right the Pledgees may have under German law. 

 

	 	(d)	The Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Pledgees shall at all times until the full and complete satisfaction
of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

  

	 	(e)	 In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Pledges, no rights of the Pledgees shall pass to the
Pledgor by subrogation or otherwise 

	 	 
unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Agent shall be entitled to treat all enforcement proceeds as additional collateral
for the Secured Claims, notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Agent in satisfaction in whole or in part of the Secured Claims notwithstanding the Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of the Pledge must be applied by the Security Agent in the following order of priority: 

 

	 	(b)	first, in or towards payment of, or provision for, all costs and expenses incurred by the Security Agent in connection with the enforcement of the Pledge; and

  

	 	(c)	second, in or towards payment of the Secured Claims by transferring the proceeds to the Facility Agent for distribution. 

 

	 	(d)	The Security Agent may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Agent shall confirm to the Pledgor upon request that the
Interests are released from the Pledges and retransfer to the Pledgor any documents received by the Security Agent or any designee pursuant to Clause 7.1(f) hereof. 
  

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Agent promptly of any change in the partnership of, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or any registrations in the commercial register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Agent promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

	 	(d)	at its own expense, to execute and do all such assurances, acts and things as the Security Agent may reasonably require: 

 

	 	(i)	for perfecting or protecting the security intended to be afforded by this Agreement; and 

	 	(ii)	if the Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to this Agreement
and the exercise of all powers, authorities and discretions vested in the Security Agent, 

 and in particular to
execute all transfers, conveyances, assignments and releases of that property whether to the Security Agent or to its nominees and give all notices, orders and directions which the Security Agent may reasonably think expedient; 

 

	 	(e)	at the Security Agent’s reasonable request, to furnish to the Security Agent such information concerning the Interests as is available to the Pledgor, to permit
the Security Agent and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business hours, and,
upon the reasonable request of the Security Agent, to deliver to the Security Agent copies of all such records and papers; 

  

	 	(f)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Pledges or the effect of which results in the
Interests ceasing to exist; and 

  

	 	(g)	that all Future Interests will be fully paid and that there will be no obligation for any partner to make additional contributions. 

 

	8.2	Pledges over all Interests 

The Security Agent may at all times for itself and for the Pledgees request to hold a pledge over all Interests held by the Pledgor (and
in the case of a merger an equivalent security interest over the shares or interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Pledgees that: 
  

	 	(a)	except for the limited partners’ interest held by the Second Limited Partner, the Existing Interests pledged hereunder are the only limited partner’s
interests in the Company in existence at the date hereof; 

  

	 	(b)	except for the requirement of a written approval by all holders of a partnership interest in the Company which approval has been given and except for any restrictions
under the Existing Senior Interest Pledge Agreement, the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, any of the Interests; 

 

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; 

 

	 	(e)	except for any rights under the Existing Senior Interest Pledge Agreement the Existing Interest is free from any rights of third parties; 

	 	(f)	no third party has any pre-emption rights for interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

 Even
prior to the full and complete satisfaction of all Secured Claims, the Security Agent is obliged to release upon the Pledgor’s request all or part of the Security insofar as the realisable value of the Security and any other security given to
the Security Agent or the other Finance Parties with respect to the Secured Claims exceeds, not only temporarily, the Secured Claims by more than 10%. The Security Agent may, at its discretion, determine which part of the Security shall be released.

  

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Agent nor the Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of such loss or
damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	11.2	Indemnification 

 The
Pledgor will indemnify the Security Agent and each of the Pledgees and keep the Security Agent and each of the Pledgees indemnified against any losses, actions, claims, expenses, demands and liabilities which may be incurred by or made against the
Security Agent and/or each of the Pledgees as a result of any breach of the Pledgor of any of its obligations or undertakings contained herein except to the extent that such losses, actions, claims, expenses, demands or liabilities have resulted
from the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Pledgees or the Security Agent. 
  

	11.3	This Clause 11 shall survive the termination of this Agreement under Clause 12 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the Secured
Claims. 
  

	12.2	Continuing Security 

 This
Agreement shall create a continuing security which means that no change or amendment whatsoever in any Finance Document or in any document or agreement related to it shall affect the validity of this Agreement. 

 

	12.3	Independence 

 This
Agreement is independent from any other security or guarantee which may have been or will be given to the Security Agent and/or any of the other Pledgees with respect to any obligation of any of the Obligors under the Finance Documents. None of such
other securities or guarantees shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this Agreement. 

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular the Pledges shall not be affected and shall in any event extend
to any and all Interests in the Company even if the number or nominal value of any of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Agent or the Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by
law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Agent and/or the Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number
of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time. 

 

	16.2	Language 

 Unless
otherwise agreed from time to time, any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict
between the English text and the text in any other language, the English text shall prevail. 

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

 This
Agreement (including any non-contractual obligations arising out of or in connection with this Agreement) shall be governed by and construed in accordance with the laws of Germany. 

 

	17.2	Jurisdiction 

 The place
of jurisdiction (including any non-contractual obligations arising out of or in connection with this Agreement) for all Parties shall be Frankfurt am Main, Germany. The Security Agent, however, shall also be entitled to take legal action against the
Pledgor before any other competent court of law having jurisdiction over the Pledgor or any of its assets. 
  

	18.	NOTIFICATION 

 The Pledgor
and the Pledgees hereby instruct and authorise the undersigned notary public to notify the Company of the Pledges by means of forwarding a certified copy of this Agreement to the Company by registered mail (return receipt requested).

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