Document:

Exhibit 10.1

 

FORM OF
SUPPLEMENTAL INCENTIVE STOCK NOTICE

 

Mr. Mark Schweitzer

[Address]

 

This Supplemental Option Notice (the “Notice”)
dated as of [Date], 2010 is being sent to you by Virgin Media Inc. (including
any successor company, the “Company”) in order to amend the terms of the
original Option Notice previously sent to you (the “Original Notice”) dated as
of [Date] (the “Grant Date”).

 

The Original Notice granted you the Option
(as such term is defined in the Original Notice) in recognition of your
services as an employee of the Company. 
The Company and you have agreed to amend the terms of the Original
Notice as follows:

 

Paragraph 3 of the Original Notice is hereby amended
in its entirety to read as follows:

 

“3.  Exercise Period. This
Option shall stop vesting immediately upon the termination of your employment
and any portion of the Option that is not vested at the time of such
termination shall immediately be forfeited and cancelled.  Your right to exercise that portion of the
Option that is vested at the time of such termination shall terminate on the
earlier of the following dates: (a) one year after the termination of your
employment other than for Cause; (b) one year after your termination
resulting from your retirement, disability or death; (c) the date on which
your employment is terminated for Cause; or (d) [Date].”

 

Except as expressly amended or supplemented hereby,
the Original Notice shall remain in full force and effect. This Notice is
supplemental to the Original Notice and the Original Notice and this Notice
shall be read and construed together.

 

 

	
   

  	
  VIRGIN MEDIA INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  Bryan H Hall

  
	
   

  	
  Title:

  	
  Secretary and General CounselExhibit
10.1

 

January 29,
2010

 

Steven C. Oldham

President and Chief
Executive Officer

SureWest Communications

200 Vernon Street

Roseville, CA 95678

Fax:  (916) 786-1800

 

	
  Re:

  	
  Amendments

  

 

Dear Steven:

 

Reference is made to the
Third Amended and Restated Credit Agreement, dated as of September 19,
2008 (as the same has been amended, modified, supplemented, extended or
restated from time to time, the “Credit
Agreement”), among SureWest Communications (“Borrower”), CoBank, ACB (individually, “CoBank” and, as Administrative
Agent, “Administrative Agent”), in its
capacity as Administrative Agent, Lead Arranger, Issuing Lender, Swingline
Lender and a Lender, and such other Lenders as from time to time may become a
party to the Credit Agreement, providing for a Term Loan A Commitment in the
initial principal amount of $120,000,000, a Term Loan B Commitment in the
initial principal amount of $30,000,000, a Revolving Loan Commitment in the
initial principal amount of $57,500,000 and a Swingline Commitment in the initial
principal amount of $2,500,000. 
Capitalized terms used and not defined herein shall have the meanings
assigned to such terms in the Credit Agreement.

 

Amendments

 

As of the Effective Date:

 

1.             Subsection
1.6(A)(2) of the Credit Agreement is hereby amended and restated in its
entirety to read as follows:

 

(2)           Revolving Loan Commitment.  CoBank’s share of the Revolving Loan
Commitment shall be permanently reduced in the amount of $5,000,000 on December 31,
2010.  The Revolving Loan Commitment
shall be terminated in full on the Revolving Loan Expiration Date and any
outstanding principal balance of the Revolving Loans not sooner due and payable
will become due and payable on such date.

 

2.             The
definition of “Revolving Loan Commitment” in Subsection 10.1 of the Credit
Agreement is hereby amended and restated in its entirety as follows:

 

“Revolving Loan Commitment” means
$57,500,000, as such amount is reduced from time to time as provided in this
Agreement.

 

 

Acknowledgement

 

Borrower and those Lenders signatory hereto hereby
acknowledge and agree that after giving effect to this letter agreement, the
Revolving Notes dated as of the date hereof made by Borrower in favor of each
of CoBank and Union Bank, N.A., (“Union Bank”),
respectively, the Assignment and Assumption dated as of the date hereof (the “Union Bank Assignment”) between
CoBank and Union Bank and the transactions contemplated hereby and thereby,
CoBank’s commitment to make Revolving Loans will be $47,500,000 and Union Bank’s
commitment to make Revolving Loans will be $10,000,000.

 

Conditions
Precedent to Effectiveness

 

This letter agreement and
the amendments contained herein shall be effective (the “Effective
Date”) upon the satisfaction of each of the following conditions
precedent, as determined by Administrative Agent and Lenders in their sole
discretion:

 

1.             Administrative Agent shall have received an execution
counterpart of this letter agreement signed by Borrower and by Requisite
Lenders.

 

2.             Borrower shall have executed and delivered (i) a Revolving
Note in favor of Union Bank, N.A., and (ii) a second amended and restated
Revolving Note in favor of CoBank.

 

3.             Administrative Agent shall have received a processing
and recordation fee of $3,500 with respect to the Union Bank Assignment.

 

4.             The representations and warranties of Borrower contained
in the Credit Agreement and the other Loan Documents shall be true and correct
as of the Effective Date with the same effect as though made on such Effective
Date (except to the extent any such representation or warranty is expressly
stated to have been made as of a specific date, in which case such
representation or warranty shall be true and correct as of such specified
date).

 

5.             No Default or Event of Default shall have occurred and
be continuing as of the Effective Date.

 

6.             Payment by Borrower of all costs associated with the
negotiation, execution, enforcement and administration of this letter agreement
and the other documents executed in connection herewith, including, without
limitation, all reasonable outside attorneys’ fees and expenses incurred by
Administrative Agent.

 

General

 

The terms and provisions of
the Loan Documents are hereby ratified and confirmed and shall continue in full
force and effect.  By agreeing to this
letter agreement

 

2

 

as acknowledged below,
Borrower hereby represents, certifies and warrants to Administrative Agent and
each Lender that (i) all information which has been made available to
Administrative Agent and each Lender by Borrower or any of its representatives
in connection with the amendments contemplated hereby is complete and correct
in all material respects and does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
contained therein not misleading; and (ii) (a) each of the
representations and warranties of Borrower contained in any Loan Document is
true and correct as of the Effective Date of this letter agreement with the
same effect as though made on such Effective Date (except to the extent any
such representation or warranty is expressly stated to have been made as of a
specific date, in which case such representation or warranty shall be true and
correct as of such specified date), and (b) no event has occurred and is
continuing that would constitute a Default or Event of Default.  Borrower hereby expressly acknowledges and
agrees that nothing in this letter agreement shall (i) constitute a
novation of any of the Loan Documents, (ii) cure or waive or be deemed to
cure or waive any Default or Event of Default that exists as of the date
hereof, or any additional or future Default or Event of Default, whether known
or unknown, now or hereafter existing, or (iii) operate as a waiver of any
of the rights and remedies of Lenders under any of the Loan Documents or at law
or in equity.  The amendments contained herein shall not
constitute a course of dealing between Borrower and Lenders.  Borrower hereby reconfirms its obligation to
reimburse Administrative Agent and each Lender for all costs associated with
the negotiation, execution, enforcement and administration of this letter
agreement and the Loan Documents, including, without limitation, all reasonable
outside attorneys’ fees and expenses incurred by Administrative Agent.  This letter agreement shall be governed by,
construed and enforced in accordance with all provisions of the Credit
Agreement, including, without limitation, the governing law provisions thereof,
and may be executed in multiple counterparts.

 

3

 

Please evidence your
acknowledgment of and agreement to the foregoing by executing this letter
agreement in the place indicated below.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  COBANK,
  ACB, as Administrative Agent and a Lender

  
	
  Commitment to make
  Revolving 

  	
   

  	
   

  
	
  Loans: $47,500,000

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ TED KOERNER

  
	
  Pro Rata Share of the
  Revolving

  	
   

  	
  Name:   Ted
  Koerner

  
	
  Loan Commitment: 

  	
   

  	
  Title:     Managing
  Director

  
	
  82.608695652%

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Commitment to make
  Swingline

  	
   

  	
   

  
	
  Loans: $2,500,000

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Pro Rata Share of the
  Swingling

  	
   

  	
   

  
	
  Loan Commitment: 100.00%

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Commitment to make the
  Term

  	
   

  	
   

  
	
  Loan A: $120,000,000

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Pro Rata Share of the Term
  Loan A 

  	
   

  	
   

  
	
  Commitment: 100.00%

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Commitment to make the
  Term

  	
   

  	
   

  
	
  Loan B: $15,000,000

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Pro Rata Share of the Term
  Loan

  	
   

  	
   

  
	
  B. Commitment: 50.00%

  	
   

  	
   

  

 

[Signatures continued on
following pages]

 

4

 

[Signatures continued
from previous page]

 

	
  Commitment to make
  Revolving

  	
  UNION BANK, N.A., as a Lender

  
	
  Loans: $10,000,000

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Pro Rata Share of the
  Revolving 

  	
  By:

  	
   /s/ RICHARD VAIN

  
	
  Loan Commitment:

  	
   

  	
  Name:  Richard Vian

  
	
  17.391304348%

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
  Commitment to make
  Swingline 

  	
   

  	
   

  
	
  Loans: $0

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Pro Rata Share of the
  Swingling 

  	
   

  	
   

  
	
  Loan Commitment: 0%

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Commitment to make the
  Term 

  	
   

  	
   

  
	
  Loan A: $0

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Pro Rata Share of the Term
  Loan A 

  	
   

  	
   

  
	
  Commitment: 0%

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Commitment to make the
  Term 

  	
   

  	
   

  
	
  Loan B: $15,000,000

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Pro Rata Share of the Term
  Loan 

  	
   

  	
   

  
	
  B. Commitment: 50.00%

  	
   

  	
   

  

 

[Signatures continued on
following pages]

 

 

[Signatures continued
from previous page]

 

	
  Acknowledged
  and Agreed to:

  	
   

  
	
   

  	
   

  	
   

  
	
  SUREWEST COMMUNICATIONS

  	
   

  
	
  as
  Borrower

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ STEVEN C. OLDHAM

  	
   

  
	
   

  	
  Steven C. Oldham

  	
   

  
	
   

  	
  President and Chief
  Executive Officer

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