Document:

ex10x1.htm

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

THIS AGREEMENT is effective as of the 16th day of April, 2010, by and between, Metalline Mining Company, a Nevada corporation (the “Employer” or the “Company”), and Brian D. Edgar (the “Employee”).  In consideration of the mutual covenants contained in this Agreement, the Employer agrees to employ the Employee and the Employee agrees to be employed by the Employer upon the terms and conditions hereinafter set forth.

ARTICLE 1

TERM OF EMPLOYMENT

1.1  Initial Term.  The initial term of employment hereunder shall commence as of the effective day first written above (“Commencement Date”) until April 15, 2012.  Thereafter, this Agreement may continue by mutual agreement.

ARTICLE 2

DUTIES OF THE EMPLOYEE

2.1  Duties.  The Employee shall be employed with the title of Executive Chairman, with responsibilities and authorities as are customarily performed in such position.

2.2  Location; Rotation; Extent of Duties.  The Employee shall work out of his current office in Vancouver, British Columbia, Canada.  The cost of such office facility is presently being paid by the Employer and this arrangement shall continue during the term of the Employee's employment.  The Employee shall spend one week per month on the affairs of the Company.

ARTICLE 3

COMPENSATION OF THE EMPLOYEE

3.1  Salary.  As compensation for services rendered under this Agreement, the Employee will receive a salary of US $7,500 per month, which shall be his base compensation.  The Employee’s salary is payable in accordance with the Employer’s normal business practices.

3.2  Bonus.  The Employee shall be eligible to earn a bonus as may be determined on an annual basis in the sole discretion of the board of directors.

3.3  Benefits.  The Employee shall be entitled to vacation and holidays as customarily extended to employees, which shall be a minimum of 15 days per year. The Employee shall be entitled to participate in all of the Employer’s employee benefit plans and employee benefits, including any retirement, pension, profit-sharing, stock option, insurance, hospital or other plans and benefits which now may be in effect or which may hereafter be adopted, it being understood that the Employee shall have the same rights and privileges to participate in such plans and benefits as any other employee during the term of this Agreement. Participation in any benefit plans shall be in addition to the compensation otherwise provided for in this Agreement.

 

 

  

  

  

3.4  Expenses; Air Travel.  The Employee shall be entitled to prompt reimbursement for all reasonable expenses incurred by the Employee in the performance of his duties hereunder.  The Employer shall pay for business class airfare.

ARTICLE 4

NON-COMPETITION; CONFIDENTIALITY

4.1  During the term of this Agreement, the Employee will offer to the Employer any investment or other opportunity generally in the geographic area (in either the country of Gabon, West Africa or the province of Coahuila, Mexico), and the business in which the Company operates, of which he may become aware.  If after 10 working days the Board of Directors of the Employer refuses the opportunity to participate in the investment or venture, the Employee is free to pursue the opportunity only during his private time.

4.2  Except as provided in Section 4.1 hereof, the Employee may not participate in any business or other areas of business in which the Company is engaged in Gabon, West Africa or in the province of Coahuila, Mexico during the term of this Agreement except through and on behalf of the Company.

4.3           a.           The Employee recognizes and acknowledges that the information, business, list of the Employer’s customers and any other trade secret or other secret or confidential information relating to the Employer’s business as they may exist from time to time are valuable, special and unique assets of the Employer’s business.  Therefore, the Employee agrees as follows:

(1)  That the Employee will hold in strictest confidence and not disclose, reproduce, publish or use in any manner, whether during or subsequent to this employment, without the express authorization of the Board of Directors of the Employer, any information, business, customer lists, or any other secret or confidential matter relating to any aspect of the Employer’s business, except as such disclosure or use may be required in connection with the Employee’s work for the Employer.

(2)  That upon request or at the time of leaving the employ of the Employer the Employee will deliver to the Employer, and not keep or deliver to anyone else, any and all notes, memoranda, documents and, in general, any and all material relating to the Employer’s business.

(3)  That the Board of Directors of the Employer may from time to time reasonably designate other subject matters requiring confidentiality and secrecy which shall be deemed to be covered by the terms of this Agreement.

b.           In the event of a breach or threatened breach by the Employee of the provisions of this paragraph 4.3, the Employer shall be entitled to an injunction (i) restraining the Employee from disclosing, in whole or in part, any information as described above or from rendering any services to any person, firm, corporation, association or other entity to whom such information, in whole or in part, has been disclosed or is threatened to be disclosed; and/or (ii) requiring that the Employee deliver to the Employer all information, documents, notes, memoranda and any and all other material as described above upon the Employee’s leave of the employ of the Employer.  Nothing herein shall be construed as prohibiting the Employer from pursuing other remedies available to the Employer for such breach or threatened breach, including the recovery of damages from the Employee.

 

 

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ARTICLE 5

TERMINATION OF EMPLOYMENT

5.1  Termination.  The Employee’s employment hereunder may be terminated without any breach of this Agreement for any reason by either party providing written notice of termination to the other party (the “Notice of Termination”).

5.2  Date of Termination.  “Date of Termination” shall mean (i) if the Employee’s employment is terminated by his death, the date of his death; (ii) if the Employee’s employment is terminated for Cause (as defined below), the date on which a Notice of Termination is received by the Employee; and (iii) if the Employee’s employment is terminated for any other reason the date specified in a Notice of Termination.  “Cause” is defined as (i) the continued failure by the Employee substantially to perform his duties hereunder (other than any such failure resulting from the Employee’s incapacity due to physical or mental illness), after demand for substantial performance is delivered by the Employer and the Employee fails to substantially perform in the 30 days following receipt of the Employer’s demand; or (ii) misconduct by the Employee which is materially injurious to the Employer, monetarily or otherwise; or (iii) the willful violation by the Employee of the provisions of this Agreement.  For purposes of this Section, no act, or failure to act, on the part of the Employee shall be considered “willful” unless done, or omitted to be done, not in good faith and without reasonable belief by him that his action or omission was in the best interest of the Employer.

5.3  Compensation Upon Termination.

1.  Following the termination of this Agreement by the Employee, the Employee shall be entitled to compensation only through the Date of Termination.

2.  Following the termination of this Agreement upon the Employee’s death, the Employer shall pay to the Employee’s estate the compensation which would otherwise be payable to the Employee to the end of the month in which his death occurs.

3.  In the event of permanent disability of the Employee such that he is incapacitated to such an extent that he can no longer perform substantially all of his duties for the Employer that he performed prior to such incapacitation, if the Employer elects to terminate this Agreement, the Employee shall be entitled to receive compensation and benefits through the calendar month following the month in which Date of Termination occurs; any such payment, however, shall be reduced by disability insurance benefits, if any, paid to the Employee under policies (other than group policies) for which the Employer pays all premiums and the Employee is the beneficiary.

 

 

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4.  If the Employee is terminated for Cause, the Employee shall be entitled to compensation only through the Date of Termination.

5.  If the Employee is terminated by the Employer for any reason other than Death, Disability or Cause, and if Notice of Termination is provided to the Employee, then the Employee is entitled to a severance payment of 12 months base compensation.

5.4  Remedies.  Any termination of this Agreement shall not prejudice any other remedy to which the Employer or the Employee may be entitled, either at law, equity, or under this Agreement.

ARTICLE 6

INDEMNIFICATION

To the fullest extent permitted by applicable law, the Employer agrees to indemnify, defend and hold the Employee harmless from any and all claims, actions, costs, expenses, damages and liabilities, including, without limitation, reasonable attorneys’ fees, hereafter or heretofore arising out of or in connection with activities of the Employer or its employees, including the Employee, or other agents in connection with and within the scope of this Agreement or by reason of the fact that he is or was a director or officer of the Employer or any affiliate of the Employer.  To the fullest extent permitted by applicable law, the Employer shall advance to the Employee expenses of defending any such action, claim or proceeding.  However, the Employer shall not indemnify the Employee or defend the Employee against, or hold him harmless from any claims, damages, expenses or liabilities, including attorneys’ fees, resulting from the gross negligence or willful misconduct of the Employee.  The duty to indemnify shall survive the expiration or early termination of this Agreement as to any claims based on facts or conditions which occurred or are alleged to have occurred prior to expiration or termination.

ARTICLE 7

GENERAL PROVISIONS

7.1  Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado.

7.2  Arbitration.  Any controversy or claim arising out of or relating to this Agreement or the breach thereof shall be settled by arbitration in the City and County of Denver, Colorado in accordance with the rules then existing of the American Arbitration Association and judgment upon the award may be entered in any court having jurisdiction thereof.

7.3  Entire Agreement.  This Agreement supersedes any and all other Agreements, whether oral or in writing, between the parties with respect to the employment of the Employee by the Employer. Each party to this Agreement acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, have been made by either party, or anyone acting on behalf of any party, that are not embodied in this Agreement, and that no agreement, statement, or promise not contained in this Agreement shall be valid or binding.

 

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7.4  Successors and Assigns.  This Agreement, all terms and conditions hereunder, and all remedies arising herefrom, shall inure to the benefit of and be binding upon the Employer, any successor in interest to all or substantially all of the business and/or assets of the Employer, and the heirs, administrators, successors and assigns of the Employee.  Except as provided in the preceding sentence, the rights and obligations of the parties hereto may not be assigned or transferred by either party without the prior written consent of the other party.

7.5  Notices.  For purposes of this Agreement, notices, demands and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid, addressed as follows:

 

	 	
Employee: 

	
Brian D. Edgar

Suite 2200, 885 West Georgia Street

Vancouver, BC, CANADA, V6C 3E8

 

	 	
Employer: 

	

Metalline Mining Company

Attn:  Chief Executive Officer

6400 South Fiddlers Green Circle, Suite 950

Greenwood Village, CO  80111

 

	 	
With a copy to:

	

Theresa M. Mehringer

Burns, Figa & Will, P.C.

6400 South Fiddlers Green Circle, Suite 1000

Greenwood Village, CO  80111

 

or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt.

7.6  Severability.  If any provision of this Agreement is prohibited by or is unlawful or unenforceable under any applicable law of any jurisdiction as to such jurisdiction, such provision shall be ineffective to the extent of such prohibition without invalidating the remaining provisions hereof.

7.7  Section Headings.  The section headings used in this Agreement are for convenience only and shall not affect the construction of any terms of this Agreement.

7.8  Survival of Obligations.  Termination of this Agreement for any reason shall not relieve the Employer or the Employee of any obligation accruing or arising prior to such termination.

7.9  Amendments.  This Agreement may be amended only by written agreement of both the Employer and the Employee.

 

 

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7.10  Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute only one legal instrument.  This Agreement shall become effective when copies hereof, when taken together, shall bear the signatures of both parties hereto.  It shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart.

7.11  Fees and Costs.  If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys fees, costs and necessary disbursements in addition to any other relief to which that party may be entitled.

IN WITNESS WHEREOF, the Employer and the Employee enter into this Employment Agreement effective as of the date first set forth above.

 

 

	 	
METALLINE MINING COMPANY - “EMPLOYER”

 

	 
	 	 	 	 
	
 

	
By: 

	/s/ Greg Hahn	 
	 	Printed:	Greg Hann	 
	 	Title:	President	 
	 	 	 	 
	 	“EMPLOYEE”	 
	 	 	 	 
	 	/s/ Brian D. Edgar	 
	 	
Brian D. Edgar

	 

 

 

 

6Exhibit 4.1

 

EXECUTION VERSION

 

TELENET ADDITIONAL FACILITY G ACCESSION AGREEMENT

 

TERM
LOAN G FACILITY

 

To:          The Bank of Nova Scotia as Facility Agent and KBC Bank
NV as Security Agent

 

From:      The Telenet Additional Facility G Lenders (as defined
below)

 

	
   

  	
  Date:

  	
  October 2010

  

 

TELENET NV(1) - €2,300,000,000
Credit Agreement

dated 1 August 2007, as
amended from time to time (the
Credit Agreement)

 

1.             In this Agreement:

 

Existing Term means the Term which is current, at the Effective
Date, in respect of the outstanding Loans under each of the Term Loan A
Facility, Term Loan B1 Facility, Term Loan B2A Facility, Term Loan B2B
Facility, Term Loan D Facility, Term Loan E1 Facility, Term Loan E2 Facility
and the Term Loan F Facility.

 

Majority Term Loan G
Facility Lenders means
Telenet Additional Facility G Lenders, the aggregate of whose Term Loan G
Facility Commitments exceeds two thirds of the aggregate of the Term Loan G
Facility Commitments of all Telenet Additional Facility G Lenders.

 

Telenet
Additional Facility G Lender
means each of the lenders under Term Loan G Facility (as listed in Schedule 1
of the counterpart of this Agreement).

 

Term Loan A Facility means the €530,000,000 term loan facility made
available under the Credit Agreement.

 

Term Loan B1 Facility means the €307,500,000 term loan facility made
available under the Credit Agreement.

 

Term Loan B2A Facility means the €135,000,000 term loan facility made
available under the Credit Agreement.

 

Term Loan B2B Facility means the €90,000,000 term loan facility made
available under the Credit Agreement.

 

Term Loan D Facility means the €452,766,287.98 term loan facility made
available under the Credit Agreement.

 

Term Loan E1 Facility means the €328,482,866.92 term loan facility made
available under the Credit Agreement.

 

Term Loan E2 Facility means the €90,000,000 term loan facility made
available under the Credit Agreement.

 

(1)  Formerly
known as Telenet Bidco NV

 

 

Term Loan F Facility means the €979,237,142.35 term loan facility made
available under the Credit Agreement.

 

Term Loan G Facility means the €1,470,529,219.80 term loan facility made
available by the Telenet Additional Facility G Lenders under this Agreement.

 

Term Loan G Facility
Commitment means, in relation
to a Telenet Additional Facility G Lender, the amount in euros set opposite its
name under the heading “Term Loan G Facility Commitment” in Schedule 1 to the
counterpart of this Agreement executed by that Telenet Additional Facility G
Lender, to the extent not cancelled, transferred, or reduced under the Credit
Agreement.

 

Term Loan G Facility Loan means a euro denominated loan made to Telenet
International Finance S.A. by the Telenet Additional Facility G Lenders under
the Term Loan G Facility.

 

2.             Unless otherwise defined in this Agreement, terms
defined in the Credit Agreement shall have the same meaning in this Agreement
and a reference to a Clause is a reference to a Clause of the Credit
Agreement.  The principles of
construction set out in Clause 1.2 (Construction) of the Credit Agreement apply
to this Agreement as though they were set out in full in this Agreement.

 

3.             We refer to Clause 2.7 (Telenet Additional
Facility) of the Credit Agreement.

 

4.             This Agreement will take effect on the date on which
the Facility Agent notifies the Borrower and the Telenet Additional Facility G
Lenders that it has received the documents and evidence set out in Schedule 2
to this Agreement, in each case in form and substance satisfactory to it or, as
the case may be, the requirement to provide any of such documents or evidence
has been waived by the Majority Term Loan G Facility Lenders (the Effective Date).

 

5.             We, the Telenet Additional Facility G Lenders, agree:

 

(a)                                  to become party to and to be bound by the terms of the
Credit Agreement as Lenders in accordance with Clause 2.7 (Telenet
Additional Facility) of the Credit Agreement; and

 

(b)                                 to become party to the Intercreditor Agreement as
Lenders and to observe, perform and be bound by the terms and provisions of the
Intercreditor Agreement in the capacity as Lenders in accordance with Clause
20.3 (Transfers by Finance Parties) of the Intercreditor Agreement.

 

6.             The Telenet Additional Facility Commitment in relation
to a Telenet Additional Facility G Lender (for the purpose of the definition of
Telenet Additional Facility Commitment in Clause 1.1 (Definitions) of the
Credit Agreement) is its Term Loan G Facility Commitment.

 

7.             Any interest due in relation to the Term Loan G
Facility will be payable on the last day of each Term in accordance with Clause
8 (Interest) of the Credit Agreement.

 

8.             The Availability Period for the Term Loan G Facility
shall be from the date of this Agreement up to and including the Effective
Date.

 

9.             The Term Loan G Facility may be drawn by one Loan and
no more than one Request may be made in respect of the Term Loan G Facility
under the Credit Agreement.

 

2

 

10.           (a)           The
first Term to apply to the Term Loan G Facility Loan will be a period equal to
the period running from the Effective Date up to and including the last day of
the Existing Term. The second Term to apply to the Term Loan G Facility Loan
will be equal to the Term that will commence immediately following the end of
the Existing Term.

 

(b)           In respect of the first Term to apply to the Term Loan
G Facility Loan only, EURIBOR shall mean the EURIBOR rate as determined in
respect of the Existing Term. In respect of the second Term to apply to the
Term Loan G Facility Loan only, EURIBOR shall mean the EURIBOR rate as
determined in respect of the Term that shall commence immediately following the
end of the Existing Term.

 

11.           The Term Loan G Facility Loan will be used for general
corporate purposes.

 

12.           The Final Maturity Date in respect of this Term Loan G
Facility will be 31 July 2017.

 

13.           The outstanding Term Loan G Facility Loan will be
repaid in full on the Final Maturity Date.

 

14.           The Margin in relation to the Term Loan G Facility is
3.75 per cent. per annum.

 

15.           The Borrower in relation to the Term Loan G Facility
is Telenet International Finance S.A., a public limited liability company (société anonyme) with registered office at
65 Boulevard Grande-Duchesse Charlotte, L-1331 Luxembourg, registered with the
Luxembourg Register of Commerce and Companies under number B-155066.

 

16.           (a)           Provided
that any upsizing of the Term Loan G Facility permitted under this paragraph
will not breach any term of the Credit Agreement, Term Loan G Facility may be
upsized by any amount, by the signing of one or more further Term Loan G
Facility Accession Agreements, that specify (along with the other terms
specified therein) Telenet International Finance S.A. as the sole Borrower and
which specify Term Loan G Facility Commitments denominated in euros, to be
drawn in euros, with the same Final Maturity Date and Margin as specified in
this Telenet Additional Facility Accession Agreement.

 

(b)           For the purposes of this paragraph 16 (unless otherwise specified),
references to each  Telenet Additional Facility G Lender
and Term Loan G Facility Loans shall include Lenders and Loans made under any
such further Term Loan G Facility.

 

(c)           Where any Term Loan G Facility Loan has not already been consolidated
with any other Term Loan G Facility Loan, on the last day of any Term for such
Term Loan G Facility Loan, that Term Loan G Facility Loan will be consolidated
with any other which has a Term ending on the same day as that Term Loan G
Facility Loan, and all such Term Loan G Facility Loans will then be treated as
one Loan.

 

17.           The Borrower confirms, on behalf of itself and each
other Obligor, that the representations and warranties set out in Clause 16
(Representations and Warranties) of the Credit Agreement (except for Clauses
16.7 (Authorisations), 16.9 (No material adverse change), 16.10 (Litigation and
insolvency proceedings), 16.11 (Business Plan), 16.12 (No misleading
information), 16.13 (Tax Liabilities), 16.14 (Security Interests), 16.17
(Ownership of assets), and 16.19 (ERISA)) are true and correct as if made at
the Effective Date with reference to the facts and circumstances then existing,
and as if each reference to the Finance Documents includes a reference to this
Agreement.

 

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18.           Each of the Guarantors confirm that its obligations
under Clause 15 (Guarantee and Indemnity) of the Credit Agreement and each of
the Existing Security Providers confirms that the Security Interests created
pursuant to the Security Documents and its obligations under the Finance
Documents, shall continue unaffected and that such obligations extend to the
Total Commitments as increased by the addition of Term Loan G Facility and that
such obligations shall be owed to each Finance Party including the Telenet
Additional Facility G Lenders.

 

19.           Each Telenet Additional Facility G Lender confirms to
each Finance Party that:

 

(a)           it has made its own independent investigation and
assessment of the financial condition and affairs of each Obligor and its
related entities in connection with its participation in the Credit Agreement
and has not relied on any information provided to it by a Finance Party in
connection with any Finance Document; and

 

(b)           it will continue to make its own independent appraisal
of the creditworthiness of each Obligor and its related entities while any
amount is or may be outstanding under the Credit Agreement or any Telenet
Additional Facility Commitment is in force.

 

20.           Each Telenet Additional Facility G Lender and the
Facility Agent agrees to waive the notice period in respect of drawdown
requests under Clause 5.1 (Giving of Request) of the Credit Agreement in
respect of this Term Loan G Facility.

 

21.           The Facility Office and address for notices of each
Telenet Additional Facility G Lender for the purposes of Clause 33.2
(Contact details) of the Credit Agreement will be that notified by each Telenet
Additional Facility G Lender to the Facility Agent.

 

22.           For the purposes of the Term Loan G Facility
and any Term Loan G Facility Loan, and notwithstanding any provision of a
Finance Document to the contrary:

 

(a)           The following defined terms shall have the
following meanings in the Finance Documents:

 

Luxembourg means the Grand Duchy
of Luxembourg;

 

Luxembourg
Guarantor means a Guarantor incorporated in Luxembourg; and

 

Luxembourg
Obligor means an Obligor incorporated in Luxembourg.

 

(b)           Where they relate to a Luxembourg company,
references in the Finance Documents to:

 

(i)            a winding-up,
administration or dissolution includes,
without limitation, bankruptcy (faillite),
insolvency, voluntary or judicial liquidation (liquidation
volontaire ou judiciaire), composition with creditors (concordat préventif de faillite), reprieve
from payment (sursis de paiement),
controlled management (gestion contrôlée),
fraudulent conveyance (actio pauliana),
general settlement with creditors, reorganisation or similar laws affecting the
rights of creditors generally;

 

(ii)           a receiver,
administrative receiver, administrator or the like includes, without
limitation, a juge délégué, commissaire,
juge-commissaire, liquidateur or curateur;

 

4

 

(iii)          a security
interest includes any hypothèque,
nantissement, gage, privilege, sûreté réelle, droit de rétention and
any type of real security or agreement or arrangement having a similar effect
and any transfer of title by way of security; and

 

(iv)          a person being unable to pay its debts includes that person being in a state
of cessation of payments (cessation de
paiements).

 

(c)           Any guarantee given by any Luxembourg Guarantor
does not constitute a suretyship (cautionnement)
in the sense of articles 2011 and subsequent of the Luxembourg civil code.

 

(d)           The maximum liability of any Luxembourg
Guarantor under the Finance Documents shall be limited so that the maximum
amount payable by the relevant Luxembourg Guarantor for the obligations of any
Obligor, which is not a direct or indirect Subsidiary of such Luxembourg
Guarantor, hereunder shall at no time exceed the Maximum Amount.

 

Maximum Amount of any Luxembourg
Guarantor means the sum of an amount equal to the aggregate (without
duplication) of:

 

(A)          all moneys received by that Luxembourg
Guarantor or direct or indirect Subsidiaries of that Luxembourg Guarantor
(which are direct or indirect Subsidiaries of that Luxembourg Guarantor on the
date hereof or which will be direct of indirect Subsidiaries of that Luxembourg
Guarantor hereafter) as borrower under or pursuant to the Finance Documents;
and

 

(B)           the aggregate amount of the outstanding
intercompany loans made to the Luxembourg Guarantor or direct or indirect
Subsidiaries of that Luxembourg Guarantor (which are direct or indirect
Subsidiaries of that Luxembourg Guarantor on the date hereof or which will be
direct or indirect Subsidiaries of that Luxembourg Guarantor hereafter) by
other members of the Group which have been funded with moneys received by the
Borrowers under the Finance Documents (the Loan
Amount); and

 

(C)           an amount equal to 95% of the greater of:

 

(I)            the market value of the
assets of the Luxembourg Guarantor at the time the guarantee is called less the
Liabilities, other than the Loan Amount, at the time the guarantee is called;
and

 

(II)           the market value of the
assets of the Luxembourg Guarantor at the date of this Agreement less the
Liabilities, other than the Loan Amount, at the time the guarantee is called.

 

Liabilities means all existing
liabilities (other than any liabilities owed to the direct or indirect
shareholders of the Luxembourg Guarantor) incurred, from time to time, by the
Luxembourg Guarantor and as reflected, from time to time, in the books of the
Luxembourg Guarantor.

 

If the Parties fail to reach an agreement as to the
market value of the assets as referred to under paragraph (C) above, such
market value shall be determined, at the sole costs of the Luxembourg
Guarantor, by (1) an independent investment bank appointed for this
purpose by the Finance Parties or (2) a Luxembourg réviseur d’entreprises appointed upon the
request of any of the Finance Parties.

 

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(e)           Telenet International Finance S.A. hereby
expressly accepts and confirms, for the purposes of articles 1281 and 1278 of
the Luxembourg civil code, that notwithstanding any assignment, transfer and/or
novation permitted under, and made in accordance with the provisions of this
Agreement or the Finance Documents, the guarantee given by it guarantees all
obligations of each Luxembourg Obligor (including without limitation, all
obligations with respect to all rights and/or obligations so assigned,
transferred or novated) and any security created under this Agreement or the
Finance Documents shall be preserved for the benefit of any New Lender and each
Luxembourg Obligor hereby accepts and confirms the aforementioned.

 

(f)            Qualifying Lender means a Lender which
is not an individual or a residual entity within the meaning of the Luxembourg
laws implementing the European Council Directive 2003/48/EC of 3 June 2003
(the “EU SD”) on taxation of
savings income in the form of interest payments, including notably the
Luxembourg laws of 21 June 2005 implementing under Luxembourg law the EU
SD and the Luxembourg law of 23 December 2005 creating a final withholding
tax on certain income deriving from savings, and any entity which may fall
within the scope of the EU SD as it may be amended from time to time.

 

23.           Without prejudice to clause 11.7 (Value added taxes)
of the Credit Agreement, each Party agrees that in accordance with clause 11.7
(Value added taxes) of the Credit Agreement, any amount payable under a Finance
Document by an Obligor is exclusive of any value added tax or any other Tax of
a similar nature which might be chargeable in connection with that amount. If
any such Tax is chargeable, the Obligor must pay to the Finance Party (in
addition to and at the same time as paying the amount due under a Finance
Document by an Obligor) an amount equal to the amount of that Tax (the Finance
Party must provide an appropriate VAT invoice to the Obligor in the time frame
foreseen by the Luxembourg VAT law) or, where applicable, directly account for
such VAT at the appropriate rate under the reverse charge procedure provided
for by the Council Directive 2006/112/EC on the common system of value added
tax, as amended, and any relevant VAT provision of the jurisdiction in which
the Obligor receives such supply.

 

24.           This Agreement and any non-contractual obligations
arising out of or in connection with it are governed by English law.

 

25.           This Agreement may be
executed in any number of counterparts, and by each party on separate
counterparts.  Each counterpart is an
original, but all counterparts shall together constitute one and the same
instrument.  Delivery of an executed
counterpart signature page of this Agreement by e-mail (PDF) or telecopy
shall be as effective as delivery of a manually executed counterpart of this
Agreement.

 

6

 

SCHEDULE
1

 

TELENET
ADDITIONAL FACILITY G LENDERS AND TERM LOAN G FACILITY COMMITMENTS

 

	
  Telenet Additional Facility G Lender

  	
   

  	
  Term Loan G Facility

  Commitment

  (€)

  	
   

  
	
  Telenet Luxembourg Finance Center S.A., a public limited liability
  company (société anonyme) incorporated under
  the laws of the Grand Duchy of Luxembourg with its registered office at 65,
  boulevard Grande-Duchesse Charlotte, L-1331 Luxembourg, Grand Duchy of
  Luxembourg and registered with the Luxembourg trade and companies register
  under number B.155088

  	
   

  	
  1,470,529,219.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  1,470,529,219.80

  	
   

  

 

7

 

SCHEDULE
2

 

CONDITIONS
PRECEDENT DOCUMENTS

 

1.             Obligors

 

(a)           An Accession Agreement duly executed by (amongst others) the Company and
the Borrower.

 

(b)           A copy of the articles of association of each Obligor and each Existing
Security Provider.

 

(c)           A copy of a resolution of the board of directors of each Obligor and
each Existing Security Provider (except for Telenet Vlaanderen NV) approving
the terms of, and the transactions contemplated by, this Agreement and any
other Finance Documents to which it is, or will become, a party.

 

(d)           A specimen of the signature of each person authorised on behalf of an
Obligor and each Existing Security Provider to execute or witness the execution
of this Agreement and any other Finance Document or to sign or send any
document or notice in connection with this Agreement and any other Finance Document.

 

(e)           An up-to-date extract from the Luxembourg Trade and Companies Register
in respect of the Borrower or, to the extent the Borrower is not registered
with the Luxembourg Trade and Companies Register, a certificate from a notary
residing in Luxembourg.

 

(f)            A up-to-date negative certificate (certificat de
non-inscription d’une decision judicaire) issued by the Luxembourg
Trade and Companies register in respect of the Borrower or, to the extent the
Borrower is not registered with the Luxembourg Trade and Companies Register, a
certificate on solvency of an authorised signatory of the Borrower.

 

(g)           A copy of the minutes of the shareholders’ meeting of each Belgian
Obligor and each Belgian Existing Security Provider (except for Telenet Group
Holding NV):

 

(i)            approving for the purposes of article 556 of the Belgian Companies Act,
the terms of and transactions contemplated by this Agreement; and

 

(ii)           authorising named persons to fulfil the formalities with the Registry of
the Commercial Court of the registered office of such Obligor or Existing
Security Provider following the decision taken in accordance with the above.

 

(h)           A certificate of an authorised signatory of the Borrower:

 

(i)            confirming that utilising the Total Commitments (including the Term Loan
G Facility Commitments) in full would not breach any limit binding on any
Obligor; and

 

(ii)           certifying that each copy document specified in this Schedule 2 is
correct, complete and in full force and effect as at a date no earlier than the
date of this Agreement.

 

(i)            A copy of the latest audited accounts of the Borrower.

 

(j)            Evidence that the agent of the Borrower under the Finance Documents for
service of process in England has accepted its appointment.

 

(k)           Evidence required by the Finance Parties for the purpose of any
applicable money laundering regulations.

 

8

 

2.             Legal opinions

 

(a)           A legal opinion of Allen & Overy LLP, English legal advisers to
the Facility Agent, addressed to the Finance Parties.

 

(b)           A legal opinion of Allen & Overy LLP, Belgian legal advisers to
the Facility Agent, addressed to the Finance Parties.

 

(c)           A legal opinion of Allen & Overy Luxembourg, Luxembourg legal
advisers to the Facility Agent, addressed to the Finance Parties.

 

3.             Other documents

 

(a)           A pledge agreement in respect of 100% of the shares in the Borrower.

 

(b)           A pledge agreement over the receivables between the Borrower and the
Company.

 

(c)           A pledge agreement over the bank accounts of the Borrower.

 

(d)           Such documentation and other evidence as is reasonably requested by any
Finance Party, in order for such Finance Party to be satisfied it has complied
with all necessary “know your customer” or other similar checks under all
applicable laws and regulations.

 

(e)           An accession deed to the deed of renunciation and restriction entered
into on the same date of this Agreement by Telenet Luxembourg Finance Center
S.A..

 

(f)            The Facility Agent instruction letter entered into on the date of this
Agreement between Telenet International Finance S.A., Telenet Luxembourg
Finance Center S.A. and the Facility Agent.

 

(g)           The netting agreement entered into on the date of this Agreement between
Telenet International Finance S.A., Telenet NV and Telenet Luxembourg Finance
Center S.A..

 

9

 

SIGNATORIES

 

	
  AGENTS

  	
   

  
	
   

  	
   

  
	
  THE BANK OF NOVA SCOTIA as Facility Agent

  	
   

  
	
   

  	
   

  
	
  By: Authorized Signatory

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  KBC BANK NV as Security Agent

  	
   

  
	
   

  	
   

  
	
  By: Authorized Signatory

  	
   

  

 

10

 

	
  BORROWER

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TELENET INTERNATIONAL FINANCE S.A.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: Authorized Signatory

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  GUARANTORS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TELENET NV

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: Authorized Signatory

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Title: by power of attorney

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TELENET INTERNATIONAL FINANCE S.A.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: Authorized Signatory

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  EXISTING SECURITY PROVIDERS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TELENET NV

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: Authorized Signatory

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Title: by power of attorney

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TELENET GROUP HOLDING NV

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: Authorized Signatory

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Title: by power of attorney

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TELENET VLAANDEREN NV

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: Authorized Signatory

  	
   

  	
  By: Authorized Signatory

  
	
   

  	
   

  	
   

  
	
  Title: director

  	
   

  	
  Title: director

  

 

11

 

TELENET ADDITIONAL FACILITY G LENDERS

 

 

TELENET LUXEMBOURG FINANCE CENTER
S.A.

 

By: Authorized Signatory

 

12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00179-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00179-of-00352.parquet"}]]