Document:

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                                                                    EXHIBIT 10.7
                             INTERCREDITOR AGREEMENT

            This INTERCREDITOR AGREEMENT, dated as of October 27, 2004, is
entered into among CITICORP NORTH AMERICA, INC. ("CNAI"), as administrative
agent and collateral agent for the Senior Parties (in such capacity, the "Senior
Agent"), CNAI, as administrative agent for the Junior Parties (in such capacity,
the "Junior Administrative Agent"), CNAI, as collateral agent for the Junior
Parties (in such capacity, the "Junior Collateral Agent"), AMKOR TECHNOLOGY,
INC. (the "Borrower") and each other Loan Party party hereto.

                              W I T N E S S E T H :

            WHEREAS, the Borrower has entered into a revolving credit agreement,
dated as of June 29, 2004, as amended by Amendment No. 1 thereto dated as of the
date hereof, among the Borrower, the Lenders and Issuers as defined therein, the
Senior Agent, Citigroup Global Markets Inc. ("CGMI"), as sole lead arranger,
JPMorgan Chase Bank ("JPMC"), as syndication agent, Merrill Lynch Capital
Corporation ("Merrill Lynch"), as documentation agent, J.P. Morgan Securities
Inc. ("JPM Securities") and Merrill Lynch, as arrangers (as such agreement may
be amended, restated, supplemented, renewed or otherwise modified from time to
time, together with any other agreements pursuant to which any of the
indebtedness, commitments, obligations, costs, expenses, fees, reimbursements,
indemnities or other obligations payable or owing thereunder may be refinanced,
restructured, renewed, extended, increased, refunded or replaced, the "Senior
Credit Agreement"); and

            WHEREAS, the Borrower has entered into a term loan credit agreement,
dated as of the date hereof, among the Borrower, the Lenders as defined therein,
the Junior Administrative Agent, the Junior Collateral Agent, CGMI, as sole lead
arranger, Merrill Lynch, as syndication agent, JPMC, as documentation agent, and
CGMI, Merrill Lynch and JPM Securities, as joint bookrunners (as such agreement
may be amended, restated, supplemented, renewed or otherwise modified from time
to time, together with any other agreements pursuant to which any of the
indebtedness, commitments, obligations, costs, expenses, fees, reimbursements,
indemnities or other obligations payable or owing thereunder may be refinanced,
restructured, renewed, extended, increased, refunded or replaced, the "Junior
Credit Agreement"); and

            WHEREAS, it is a condition precedent to the effectiveness of
Amendment No. 1 to the Senior Credit Agreement, and to the Closing Date
occurring pursuant to (and as defined in) the Junior Credit Agreement, that the
parties hereto shall have entered into this Agreement;

            NOW, THEREFORE, in consideration of the foregoing, the mutual
covenants and obligations herein set forth and for other good and valuable
consideration, the adequacy and receipt of which are hereby acknowledged, and in
reliance upon the representations, warranties and covenants herein contained,
the parties hereto, intending to be legally bound, hereby agree as follows:

            SECTION 1. Definitions

            1.1 Definitions

            (a) As used in this Agreement, the following terms shall have the
following meanings (such meanings to be equally applicable to both the singular
and plural forms of the terms defined):

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            "Adequate Protection" means "adequate protection" under sections
361, 362, 363 or 364 of the Bankruptcy Code.

            "Affiliate" means, with respect to any Person, any other Person
directly or indirectly controlling or that is controlled by or is under common
control with such Person, each officer, director, general partner or
joint-venturer of such Person, and each Person that is the beneficial owner of
10% or more of any class of Voting Stock of such Person. For the purposes of
this definition, "control" means the possession of the power to direct or cause
the direction of the management and policies of such Person, whether through the
ownership of voting securities, by contract or otherwise.

            "Agents" means the Senior Agent and the Junior Agents.

            "Agreement" means this Intercreditor Agreement.

            "Bankruptcy Code" means title 11, United States Code.

            "Bankruptcy Law" means the Bankruptcy Code, or any similar federal,
state or foreign Requirement of Law for the relief of debtors or any
arrangement, reorganization, insolvency, moratorium assignment for the benefit
of creditors, any other marshalling of the assets and liabilities of the
Borrower or any other Loan Party or any similar law relating to or affecting the
enforcement of creditors' rights generally.

            "Capital Lease" means, with respect to any Person, any lease of, or
other arrangement conveying the right to use, property by such Person as lessee
that would be accounted for as a capital lease on a balance sheet of such Person
prepared in conformity with GAAP.

            "Cash Management Document" means any certificate, agreement or other
document executed by any Loan Party in respect of the Cash Management
Obligations of any Loan Party.

            "Cash Management Obligation" means, as applied to any Person, any
direct or indirect liability, contingent or otherwise, of such Person in respect
of cash management services (including treasury, depository, overdraft, credit
or debit card, electronic funds transfer and other cash management arrangements)
provided by any Senior Party or any Affiliate of any of them, including
obligations for the payment of fees, interest, charges, expenses, attorneys'
fees and disbursements in connection therewith.

            "Collateral" means, all property and interests in property and
proceeds thereof now owned or hereafter acquired by the Borrower or any other
Loan Party in or upon which a Lien is granted under any Collateral Document.

            "Collateral Documents" means this Agreement, the Senior Collateral
Documents and the Junior Collateral Documents.

            "Collateral Agents" means each of the Senior Agent and the Junior
Collateral Agent.

            "Contractual Obligation" of any Person means any obligation,
agreement, undertaking or similar provision of any security issued by such
Person or of any agreement

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undertaking, contract, lease, indenture, mortgage, deed of trust or other
instrument (excluding a Loan Document) to which such Person is a party or by
which it or any of its property is bound or to which any of its property is
subject.

            "Governmental Authority" means any nation, sovereign or government,
any state or other political subdivision thereof and any entity or authority
exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government, including any central bank or stock
exchange.

            "Hedging Contracts" means all interest rate swap agreements,
interest rate cap agreements, interest rate collar agreements, interest rate
insurance, foreign exchange contracts, currency swap or option agreements,
forward contracts, commodity swap, purchase or option agreements, other
commodity price hedging arrangements and all other similar non-speculative
agreements or arrangements designed to alter the risks of any Person arising
from fluctuations in interest rates, currency values or commodity prices.

            "Insolvency or Liquidation Proceeding" means, collectively, (a) any
voluntary or involuntary case or proceeding under the Bankruptcy Law with
respect to the Borrower or any other Loan Party, (b) any other voluntary or
involuntary insolvency, reorganization or bankruptcy case or proceeding, or any
receivership, liquidation, reorganization or other similar case or proceeding
with respect to the Borrower or any other Loan Party or with respect to any of
their respective assets, (c) any liquidation, dissolution, reorganization or
winding up of the Borrower or any Loan Party, whether voluntary or involuntary
and whether or not involving insolvency or bankruptcy and (d) any assignment for
the benefit of creditors or any other marshaling of assets and liabilities of
the Borrower or any other Loan Party.

            "Junior Administrative Agent" shall include, in addition to the
Junior Administrative Agent referred to in the recitals hereto, any successors
of and assigns to the Junior Administrative Agent permitted pursuant to Section
7.6 of the Junior Credit Agreement.

            "Junior Agent" means each of the Junior Administrative Agent and the
Junior Collateral Agent.

            "Junior Collateral Agent" shall include, in addition to the Junior
Collateral Agent referred to in the recitals hereto, any successors of and
assigns to the Junior Collateral Agent permitted pursuant to Section 7.6 of the
Junior Credit Agreement.

            "Junior Collateral Documents" means the "Collateral Documents" as
defined in the Junior Credit Agreement and any other document or instrument
pursuant to which a Lien is granted securing the Junior Secured Obligations, as
the same may be amended, renewed, extended, supplemented or modified from time
to time.

            "Junior Loan Document" means, with respect to any Junior Secured
Obligation, any provision pertaining to such Junior Secured Obligation in any
"Loan Document" as defined in the Junior Credit Agreement, or any other
document, instrument or certificate evidencing or delivered in connection with
such Junior Secured Obligation, including the Junior Collateral Documents.

            "Junior Party" means each of the Junior Agents, each "Lender" as
defined in the Junior Credit Agreement and each other holder of a Junior Secured
Obligation.

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            "Junior Secured Obligations" means (a) the "Obligations" (under and
as defined in the Junior Credit Agreement) and (b) all other Secured Obligations
of a Junior Party (in its capacity as such) under any Junior Loan Document
(including any advance or extension of credit to any Loan Party and any payment
to any other Person other than a Loan Party to acquire, satisfy or otherwise
discharge any claim for the purpose of maintaining, preserving or protecting any
Collateral).

            "Lien" means any mortgage, deed of trust, pledge, hypothecation,
assignment, charge, deposit arrangement, encumbrance, lien (statutory or other),
security interest or preference, priority or other security agreement or
preferential arrangement of any kind or nature whatsoever intended to secure
payment of any indebtedness or the performance of any other obligation,
including any conditional sale or other title retention agreement, the interest
of a lessor under a Capital Lease and any financing lease having substantially
the same economic effect as any of the foregoing (but excluding the interest of
a lessor under an operating lease).

            "Loan Document" means each Junior Loan Document and Senior Loan
Document.

            "Loan Party" means each of the Borrower each Subsidiary of the
Borrower that is a party hereto or to any Loan Document.

            "paid in full" and "payment in full" means, with respect to any
Secured Obligation, the occurrence of all of the foregoing, (a) with respect to
such Secured Obligations other than (i) contingent indemnification obligations,
obligations under Hedging Contracts and Cash Management Obligations not then due
and payable and (ii) to the extent covered by clause (b) below, obligations with
respect to undrawn Letters of Credit, payment in full thereof in cash (or
otherwise to the written satisfaction of the Secured Parties owed such Secured
Obligations), (b) with respect to any undrawn letter of credit issued pursuant
to the Senior Credit Agreement, the obligations under which are included in such
Secured Obligations, (i) the cancellation thereof and payment in full of all
resulting Secured Obligations pursuant to clause (a) above or (ii) the receipt
of cash collateral (or a backstop letter of credit in respect thereof on terms
acceptable to the applicable Issuer (as defined in the Senior Credit Agreement)
of any letters of credit pursuant to the Senior Credit Agreement, and the Senior
Agent ) in an amount at least equal to 105% of the Secured Obligations for such
Letter of Credit and (c) termination of all credit facility commitments and all
other obligations of the Secured Parties in respect of all credit facilities
under the Loan Documents.

            "Person" means an individual, partnership, corporation (including a
business trust), joint stock company, estate, trust, limited liability company,
unincorporated association, joint venture or other entity or a Governmental
Authority.

            "Recovery" has the meaning set forth in Section 6.4 (Preference
Issues).

            "Requirement of Law" means, with respect to any Person, the common
law and all federal, state, local and foreign laws, treaties, rules and
regulations, orders, judgments, decrees and other determinations of,
concessions, grants, franchises, licenses and other Contractual Obligations
with, any Governmental Authority or arbitrator, applicable to or binding upon
such Person or any of its property or to which such Person or any of its
property is subject.

            "Secured Obligations" means the obligations of any Loan Party
pursuant to the Senior Loan Documents or the Junior Loan Documents as
applicable.

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            "Senior Agent" shall include, in addition to the Senior Agent
referred to in the recitals hereto, any successors of and assigns to the Senior
Agent permitted pursuant to Section 9.7 of the Senior Credit Agreement.

            "Senior Pledge and Security Agreement" means the "Pledge and
Security Agreement" as defined in the Senior Credit Agreement.

            "Senior Secured Obligations" means (a) the "Obligations" (under and
as defined in the Senior Credit Agreement), and all extensions of credit under
any financing under section 364 of the Bankruptcy Code or any arrangement for
use of cash collateral under section 363 of the Bankruptcy Code the terms of
which are consented to by the Senior Agent in its capacity as such, (b) all
other Secured Obligations of a Senior Party (in its capacity as such) under any
Senior Loan Document (including any advance or extension of credit to any Loan
Party and any payment to any other Person other than a Loan Party to acquire,
satisfy or otherwise discharge any claim for the purpose of maintaining,
preserving or protecting any Collateral), (c) any Cash Management Obligation,
any obligation under any Hedging Contract and (d) all interest on any of the
obligations in clauses (a), (b) and (c) above accrued or accruing (or which
would, absent the commencement of an Insolvency or Liquidation Proceeding,
accrue) after the commencement of an Insolvency or Liquidation Proceeding in
accordance with and at the rate specified in the Senior Credit Agreement whether
or not the claim for such interest is allowed as a claim in such Insolvency or
Liquidation Proceeding; provided, however that the aggregate principal amount of
"Senior Secured Obligations" incurred pursuant to clauses (a) or (b) above shall
not, as of the date of any incurrence thereof, exceed the maximum aggregate
principal amount which may be incurred and secured on the Collateral on such
date as "Permitted Bank Debt" pursuant to, and as defined in, the Junior Credit
Agreement (as such agreement is in effect on the date hereof without giving
effect to any amendment or other modification thereof following the date of this
Agreement). To the extent any payment with respect to the Senior Secured
Obligations (whether by or on behalf of any Loan Party, as proceeds of security,
enforcement of any right of setoff or otherwise) is declared to be fraudulent or
preferential in any respect, set aside or required to be paid to a debtor in
possession, trustee, receiver or similar Person, then the obligation or part
thereof originally intended to be satisfied shall be deemed to be reinstated and
outstanding as if such payment had not occurred.

            "Senior Collateral Documents" means the "Collateral Documents" as
defined in the Senior Credit Agreement, including the Senior Pledge and Security
Agreement, and any other document or instrument pursuant to which a Lien is
granted securing the Senior Secured Obligations, as the same may be amended,
renewed, extended, supplemented or modified from time to time.

            "Senior Loan Document" means, with respect to any Senior Secured
Obligation, any provision pertaining to such Senior Secured Obligation in any
"Loan Document" as defined in the Senior Credit Agreement, or any other
document, instrument or certificate evidencing or delivered in connection with
such Senior Secured Obligation, including the Senior Collateral Documents.

            "Senior Party" means each of the Senior Agent, each "Lender" and
each "Issuer" as defined in the Senior Credit Agreement and each other holder of
a Senior Secured Obligation.

            "Subsidiary" means, with respect to any Person, any corporation,
partnership, limited liability company or other business entity of which an
aggregate of 50% or more of the

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outstanding Voting Stock is, at the time, directly or indirectly, owned or
controlled by such Person or one or more Subsidiaries of such Person.

            Voting Stock" means capital stock (whether denominated as common
stock or preferred stock), beneficial, partnership or membership interests,
participations or other equivalents (regardless of how designated) of any Person
having ordinary power to vote in the election of members of the board of
directors, managers, trustees or other controlling Persons, of such Person
(irrespective of whether, at the time, Stock of any other class or classes of
such entity shall have or might have voting power by reason of the happening of
any contingency).

            "Uniform Commercial Code" or "UCC" means the Uniform Commercial Code
of the State of New York, as amended.

            1.2 Certain Other Terms

            (a) The terms "herein," "hereof," "hereto" and "hereunder" and
similar terms refer to this Agreement as a whole and not to any particular
Article, Section, subsection or clause in this Agreement.

            (b) References herein to an Annex, Schedule, Article, Section,
subsection or clause refer to the appropriate Annex or Schedule to, or Article,
Section, subsection or clause in this Agreement.

            (c) Where the context requires, provisions relating to any
Collateral, when used in relation to any Loan Party, shall refer to such Loan
Party's Collateral or any relevant part thereof.

            (d) Any reference in this Agreement to a Loan Document shall include
all exhibits and schedules thereto, and, unless specifically stated otherwise
all amendments, restatements, supplements or other modifications thereto, and as
the same may be in effect at any time such reference becomes operative.

            (e) The term "including" means "including without limitation" except
when used in the computation of time periods.

            (f) References in this Agreement to any statute shall be to such
statute as amended or modified and in effect from time to time.

            SECTION 2. LIEN PRIORITIES

            2.1 Subordination

            Notwithstanding the date, manner or order of grant, attachment or
perfection of any Lien securing any Junior Secured Obligation or of any Lien
securing any Senior Secured Obligation and notwithstanding any provision of the
UCC or any applicable Requirement of Law or the Loan Documents or any other
circumstance whatsoever, each Loan Party and each Agent, for itself and on
behalf of the Secured Parties it represents, agrees as follows: (a) any Lien on
the Collateral securing any Senior Secured Obligation, whether now or hereafter
existing and regardless of how acquired or created, shall be senior and prior to
any Lien on the Collateral securing any Junior Secured Obligation and (b) any
Lien on the Collateral securing any Junior Secured Obligation, whether now or
hereafter existing and regardless of how acquired or created, whether by grant,
statute, operation of law, subrogation or otherwise, shall be junior and

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subordinate in all respects to all Liens on the Collateral securing any Senior
Secured Obligation. All Liens on the Collateral securing any Senior Secured
Obligation shall be and remain senior to all Liens on the Collateral securing
any Junior Secured Obligation for all purposes, whether or not such Liens
securing any Senior Secured Obligation are subordinated to any obligation or any
Lien securing any other obligation.

            2.2 Prohibition on Contesting Liens

            Each Agent, for itself and on behalf of the respective Secured
Parties it represents, agrees that it shall not, and hereby waives any right to,
contest, or support any other Person in contesting, in any proceeding (including
any Insolvency or Liquidation Proceeding), the priority, validity or
enforceability of any Lien held by or for the benefit of any Senior Party or
Junior Party in the Collateral.

            2.3 New Liens

            (a) The parties hereto agree that, prior to the payment in full of
the Secured Obligations, any Lien on any asset of any Loan Party securing any
Secured Obligation (and which asset is not also subject to a Lien securing all
of the Secured Obligations in accordance with the priorities set forth herein)
shall immediately be released upon demand by the Senior Agent or assigned to the
Senior Agent on behalf of the Senior Parties, subject to the priorities set
forth in Section 2.1, and, at all times prior to such release or assignment, the
Senior Agent shall be acting as a sub-agent of the Junior Collateral Agent for
the sole purpose of perfecting the Lien on such asset.

            (b) Each Loan Party hereby agrees not to grant, or to permit any of
its Subsidiaries to grant, except as expressly permitted by the Senior Credit
Agreement and the Junior Credit Agreement, any Lien on any of its respective
assets securing the Senior Claims or the Junior Claims, as the case may be, to
any Person other than the Senior Agent on behalf of the Senior Secured Parties
and the Junior Collateral Agent on behalf of the Junior Secured Parties, subject
to the priorities set forth in Section 2.1.

            SECTION 3. ENFORCEMENT; APPLICATION OF PROCEEDS OF COLLATERAL AND
OTHER PAYMENTS

            3.1 Exercise of Remedies

            (a) Each Agent, for itself and on behalf of the Secured Parties it
represents, agrees that, as long as the Senior Secured Obligations have not been
paid in full, whether or not any Insolvency or Liquidation Proceeding has been
commenced by or against the Borrower or any other Loan Party:

                  (i) no Junior Party will (A) exercise or seek to exercise any
      right or remedy with respect to any Collateral or (B) institute any action
      or proceeding with respect to any such right or remedy, including any
      action of foreclosure;

                  (ii) no Junior Party will contest, protest or object to (A)
      any foreclosure proceeding or action brought by any Senior Party, (B) the
      exercise of any right or remedy by any Senior Party under any Loan
      Document or any other exercise by any Senior Party of any rights and
      remedies relating to the Collateral, under the Loan Documents or
      otherwise, (C) any disposition or release of Collateral permitted under
      Section 5.1 (Releases; Enforcement by Senior Agent ) or (D) the
      forbearance by any

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      Senior Party from bringing or pursuing any foreclosure proceeding or any
      action or any other exercise of any rights or remedies relating to the
      Collateral; and

                  (iii) the Senior Parties shall have the exclusive right to
      enforce rights, exercise remedies and make determinations regarding
      release, disposition, or restrictions with respect to the Collateral
      (except as otherwise expressly provided hereunder) without any
      consultation with, or the need to obtain a consent from, any Junior Party.

In exercising rights and remedies with respect to the Collateral, the Senior
Parties may enforce the provisions of the Senior Loan Documents and exercise
remedies thereunder, all in such order and in such manner as they may determine
in the exercise of their sole discretion, subject to acting in a commercially
reasonable manner in accordance with the UCC. Such exercise and enforcement
shall include, without limitation, the rights of an agent appointed by them to
sell or otherwise dispose of Collateral upon foreclosure, to incur expenses in
connection with such sale or disposition, and to exercise all the rights and
remedies of a secured lender under the uniform commercial code of any applicable
jurisdiction and of a secured creditor under the Bankruptcy Code and bankruptcy
or similar laws of any applicable jurisdiction.

            (b) Each Junior Agent, for itself and on behalf of the Junior
Parties, agrees that, following the occurrence of (i) an "Event of Default" (as
defined in the Senior Credit Agreement), if the Senior Agent or the "Requisite
Lenders" (as defined in the Senior Credit Agreement) require proceeds of
Collateral to be applied in accordance with Section 2.12(f) (Payments and
Computations) of the Senior Credit Agreement, or (ii) an acceleration of any
Senior Secured Obligations pursuant to Section 8.2 (Remedies) of the Senior
Credit Agreement, such Junior Agent shall not with respect to the Junior Secured
Obligations take or receive from or on behalf of any Loan Party, directly or
indirectly, in cash or other property or by setoff, counterclaim or in any other
manner (whether pursuant to any enforcement, collection, execution, levy,
foreclosure action or other proceeding or otherwise) any Collateral or any
proceeds of Collateral, unless and until all Senior Secured Obligations have
been paid in full in accordance with Section 2.12(f) (Payments and Computations)
of the Senior Credit Agreement. Without limiting the generality of the
foregoing, unless and until the Senior Secured Obligations have been paid in
full, except as expressly provided herein, the sole right of the Junior Parties
with respect to the Collateral is to hold a Lien on the Collateral pursuant to
the Loan Documents for the period and to the extent granted therein and to
receive a share of the proceeds thereof, if any, after payment in full of the
Senior Secured Obligations; provided however, that nothing in this sentence
shall be construed to impair the right of the Junior Parties (x) to receive
payments of principal and interest as provided for in the Junior Credit
Agreement, and (y) after 90 days following the occurrence of an Event of Default
(as defined in the Junior Credit Agreement), while it is continuing, to enforce
such right to such payments by bringing suit at law (but not to exercise any
rights in respect of the Liens of the Junior Parties on the Collateral) with
respect to any unpaid amounts of such payments.

            3.2 Application of Proceeds of Collateral and Other Payments

            (a) Following the occurrence of (i) an "Event of Default" (as
defined in the Senior Credit Agreement), if the Senior Agent or the "Requisite
Lenders" (as defined in the Senior Credit Agreement) require proceeds of
Collateral to be applied in accordance with Section 2.12(f) (Payments and
Computations) of the Senior Credit Agreement, or (ii) an acceleration of any
Senior Secured Obligations pursuant to Section 8.2 (Remedies) of the Senior
Credit Agreement, all proceeds of Collateral received by the Agents shall be
applied by the Senior Agent in the payment of the Senior Secured Obligations in
accordance with the order of application set forth in Section 2.12(f) of the
Senior Credit Agreement. Following the payment in full of the Senior Secured
Obligations, at such time and to the extent required by Section 2.9 (Payments
and

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Computations) of the Junior Credit Agreement, all proceeds of Collateral
received by the Agents shall be applied by the Junior Administrative Agent in
payment of the Junior Secured Obligations in accordance with the order of
application set forth in Section 2.9(f) of the Junior Credit Agreement.

            SECTION 4. PAYMENTS OVER

            Unless and until all Senior Secured Obligations shall have been paid
in full, any Collateral or proceeds thereof or any payment received by any
Junior Party from proceeds of the Collateral shall be segregated and held in
trust and forthwith paid over to the Senior Agent for application to the Senior
Secured Obligations in the priority set forth in Section 3.2 (Application of
Proceeds of Collateral and Other Payments) in the same form as received, with
any necessary endorsements or as a court of competent jurisdiction may otherwise
direct. The Senior Agent is hereby authorized to make any such endorsements as
agent for any such Junior Party. This authorization is coupled with an interest
and is irrevocable.

            SECTION 5. OTHER AGREEMENTS

            5.1 Releases; Enforcement by Senior Agent

            (a) In accordance with the terms hereof, each Collateral Agent shall
release (or, in the case of clause (ii) below, release or subordinate or, as
applicable, confirm that such Collateral Agent holds no such Lien) any Lien held
by either of them for the benefit of any Secured Party:

                  (i) against all of the Collateral, upon payment in full of all
      Secured Obligations that the Senior Agent has been notified in writing are
      then due and payable (provided, that such notification shall not be
      required with respect to Secured Obligations in respect to loans, letters
      of credit and commitments);

                  (ii) against any assets that are subject to a Lien permitted
      by clauses (d) or (e) of Section 7.2 (Liens, Etc.) of the Senior Credit
      Agreement or that constitute "Excluded Property" under and as defined in
      the Senior Pledge and Security Agreement;

                  (iii) against any Collateral (including, if applicable, all or
      substantially all of the Collateral) sold or disposed of by a Loan Party
      if such sale or disposition is permitted by the Senior Credit Agreement
      (or permitted pursuant to a valid waiver or consent if a transaction is
      otherwise prohibited by the Senior Credit Agreement); and

                  (iv) against any Pledged Collateral that has been cancelled,
      replaced or repaid in accordance with the terms of the Senior Credit
      Agreement.

            (b) To the extent the Junior Collateral Agent is required to release
any Lien pursuant to clause (a) above, the Senior Agent is authorized to release
such Liens for, and in the name of, the Junior Collateral Agent until the Senior
Secured Obligations are paid in full.

            5.2 Exclusive Rights with Respect to Certain Collateral

            (a) As between the Senior Parties and the Junior Parties, to the
extent any of the following rights are granted under the Loan Documents:

                  (i) Unless and until the Senior Secured Obligations are paid
      in full, the Senior Parties shall have the sole and exclusive right,
      subject to the rights of the Borrower and the other Loan Parties under the
      Loan Documents, to adjust

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      settlement for any insurance policy covering the Collateral in the event
      of any loss thereunder and approve any award granted in any condemnation
      or similar proceeding affecting the Collateral. Unless and until the
      Senior Secured Obligations are paid in full, all proceeds of any such
      policy and any such award required to be paid to any Secured Party under
      any Loan Document shall be paid to the Senior Agent for application to the
      Secured Obligations in accordance with Section 3.2 (Application of
      Proceeds of Collateral and Other Payments). Without limiting the
      foregoing, (x) unless and until the Senior Secured Obligations are paid in
      full, if any Junior Party shall, at any time, receive any proceeds of any
      such insurance policy or any such reward or any other proceeds of
      Collateral in contravention of this Agreement, it shall pay such proceeds
      over to the Senior Agent in accordance with the terms of Section 4
      (Payments Over) and (y) in the event the Senior Parties allow pursuant to
      the terms of the Loan Documents, or the terms of the Loan Documents allow,
      without regard to the consent of the Senior Parties, any portion of any
      insurance proceeds or condemnation proceeds or similar award to be used by
      the Borrower to repair or replace the Collateral affected or for any other
      purpose, each Junior Party hereby consents thereto.

                  (ii) Unless and until the Senior Secured Obligations are paid
      in full, the Senior Parties shall have the sole and exclusive right,
      subject to the rights of the Borrower and the other Loan Parties under the
      Loan Documents, to do any of the following: (A) notify account debtors of
      any Loan Party to make payments to any Collateral Agent, send "Blockage
      Notices"(as defined in the Senior Pledge and Security Agreement) and other
      similar rights with respect to general intangibles, including as set forth
      in Section 5.2 (Accounts and Payments in Respect of General Intangibles)
      of the Senior Pledge and Security Agreement, (B) receive dividends and
      distributions, send notices or otherwise exercise any rights with respect
      to any Collateral consisting of instruments or stock pledged as
      Collateral, including all rights set forth in Section 5.3 (Pledged
      Collateral) of the Senior Pledge and Security Agreement and as defined
      therein and (C) exercise any registration and similar rights with respect
      to any stock pledged as Collateral, including all rights set forth in
      Section 5.5 (Registration Rights) of the Senior Pledge and Security
      Agreement.

            (b) Except as contemplated in the previous sentence or as otherwise
provided under the Senior Loan Documents, any payment received by the Senior
Agent under this Section 5.2 after the occurrence and during the continuance of
any Event of Default (as defined in the Senior Credit Agreement) shall be
applied to the Secured Obligations in accordance with Section 3.2 (Application
of Proceeds of Collateral and Other Payments).

            5.3 Senior Agent as Bailee; Representative; Relationship

            (a) The Senior Agent agrees to hold the Collateral that is in its
possession or control (or in the possession or control of its agents or bailees)
as bailee or as agent, as the case may be, for the Junior Collateral Agent (and
any assignee thereof) solely for the purpose of perfecting the security interest
granted in such Collateral to the Junior Collateral Agent pursuant to the
applicable Junior Collateral Documents, subject to the terms and conditions of
this Section 5.3. For the avoidance of doubt, solely for purposes of perfecting
the Lien in favor of the Junior Collateral Agent, the Senior Agent agrees that
it shall be the agent of the Junior Collateral Agent with respect to any Deposit
Accounts or Securities Accounts (each as respectively defined

                                       10
<PAGE>

in the Senior Pledge and Security Agreement) included in the Collateral that are
controlled or held by the Senior Agent.

            (b) Except as otherwise expressly provided for herein, until the
Senior Secured Obligations are paid in full, the Senior Agent shall be entitled
to deal with the Collateral in accordance with the terms of the Loan Documents
as if the Liens of or for the benefit of any Junior Party under any applicable
Loan Documents did not exist. The rights of each Junior Party with respect to
the Collateral shall at all times be subject to the terms of this Agreement.

            (c) The Senior Agent shall have no obligation whatsoever to any
Junior Party to assure that the Collateral is genuine or owned by the Borrower
or any other Loan Party or to preserve the rights or benefits of any Person.

            (d) The Senior Agent shall not have by reason of the Loan Documents,
this Agreement or any other document a fiduciary relationship in respect of any
Junior Party. No Junior Party shall have by reason of the Loan Documents, this
Agreement or any other document a fiduciary relationship in respect of the
Senior Agent or any Senior Party.

            (e) Each Loan Party hereby authorizes the Senior Agent, upon the
payment in full of the Senior Secured Obligations, to deliver to the Junior
Collateral Agent the Collateral held or received by it (together with any other
proceeds of Collateral held by it), and to make, including in the name of the
Borrower or any other Loan Party, any necessary endorsement.

            (f) Each Collateral Agent shall be entitled to rely upon any
certificate, notice, consent or other instrument in writing (including any
facsimile transmission) believed by such Collateral Agent to be genuine and
correct and to have been signed or sent or made by or on behalf of a proper
Person.

            SECTION 6. INSOLVENCY OR LIQUIDATION PROCEEDINGS

            6.1 Financing Issues; Adequate Protection

            Each Junior Agent, for itself and on behalf of the Junior Parties,
agrees that, if any Loan Party shall be subject to any Insolvency or Liquidation
Proceeding:

            (a) the Junior Agents will not raise any objection to, and will not
contest (or support any Person in objecting to or contesting):

                  (i) any request, consent or objection by the Senior Agent or
      any Senior Party to any Person receiving Adequate Protection;

                  (ii) any consent or objection by the Senior Agent or any
      Senior Party to the use of cash collateral by any Loan Party; or

                  (iii) any consent or objection by the Senior Agent or any
      Senior Party to any Loan Party obtaining financing under section 363 or
      section 364 of the Bankruptcy Code ("DIP Financing");

provided, however, that the Senior Agent, for itself and on behalf of the Senior
Parties, agrees that in any Insolvency or Liquidation Proceeding, if any Senior
Party is granted Adequate Protection in the form of the benefit of additional or
replacement Liens or collateral in connection with any of the foregoing, then
such Senior Party will not object to the grant to the Junior Parties of Adequate
Protection in the form of additional or replacement Liens on the Collateral
(including proceeds thereof arising after the commencement of any Insolvency or
Liquidation Proceeding) or additional or replacement collateral to secure the
Junior Secured Obligations, as long as such Lien is subordinated to the Liens
securing the Senior Secured Obligations to the same extent as

                                       11
<PAGE>

the other Liens of the Junior Parties on the Collateral are subordinated
hereunder to the Liens securing the Senior Secured Obligations;

            (b) to the extent the Liens securing the Senior Secured Obligations
are subordinated to, or pari passu with, any DIP Financing, the Junior
Collateral Agent shall subordinate its Liens on the Collateral to such DIP
Financing and all Junior Secured Obligations relating thereto on the same basis
as the Liens securing the Junior Secured Obligations are subordinated to the
other Senior Secured Obligations under this Agreement; and

            (c) no Junior Party will request the payment of interest on any
Junior Secured Obligation accrued or accruing after the commencement of an
Insolvency or Liquidation Proceeding or any other Adequate Protection or any
other relief except as permitted under clause (a) above or otherwise permitted
by the Senior Agent.

            6.2 Relief From the Automatic Stay

            Each Junior Agent, for itself and on behalf of each Junior Party,
agrees that no Junior Party shall seek relief from the automatic stay or any
other stay in any Insolvency or Liquidation Proceeding in respect of the
Collateral without the prior written consent of the Senior Agent and the
"Requisite Lenders" as defined in the Senior Credit Agreement.

            6.3 No Waiver

            Except as provided in Section 6.1 (Financing Issues; Adequate
Protection), nothing contained herein shall prohibit or in any way limit the
Senior Agent or any Senior Party from objecting in any Insolvency or Liquidation
Proceeding or otherwise to any action taken by the Junior Party, including the
seeking by any Junior Party of Adequate Protection or the asserting by any
Junior Party of any of its rights and remedies under the Loan Documents or
otherwise.

            6.4 Preference Issues

            If any Senior Party is required in any Insolvency or Liquidation
Proceeding or otherwise to turn over or otherwise pay to the estate of the
Borrower or the estate of any other Loan Party, any amount (a "Recovery"), then
the Senior Secured Obligations of such Senior Parties shall be reinstated to the
extent of such Recovery and such Senior Parties shall be entitled to receive
payment in full of all such recovered amounts. If this Agreement shall have been
terminated prior to such Recovery, this Agreement shall be reinstated in full
force and effect, and such prior termination shall not diminish, release,
discharge, impair or otherwise affect the obligations of the parties hereto.

            SECTION 7. WAIVERS; ETC.

            7.1 No Waiver of Provisions

            (a) No right of any of the Senior Agent or any Senior Party to
enforce any provision of this Agreement shall at any time in any way be
prejudiced or impaired by any act or failure to act on the part of the Borrower
or any other Loan Party or by any act or failure to act by any Senior Party or
the Senior Agent, or by any noncompliance by any Person with the terms,
provisions and covenants of this Agreement or any of the Loan Documents,
regardless of any knowledge thereof which the Senior Agent or the Senior
Parties, or any of them, may have or be otherwise charged with.

                                       12
<PAGE>

            (b) Each Junior Party, also agrees that the Senior Parties and the
Senior Agent shall have no liability to any Junior Party, and each Junior Party
hereby waives any claim against any Senior Party or the Senior Agent arising out
of any and all actions which any of the Senior Parties or the Senior Agent may
take or permit or omit to take with respect to (i) the Loan Documents, (ii) the
collection of the Senior Secured Obligations or (iii) the foreclosure upon, or
sale, liquidation or other disposition of, the Collateral (except only, in the
case of Collateral, to the extent such foreclosure, sale, liquidation or other
disposition is not made in a commercially reasonable manner in accordance with
the UCC). Each Junior Party agrees that the Senior Parties have no duty to them
in respect of the maintenance or preservation of the Collateral.

            (c) Each Junior Agent, for itself and on behalf of the Junior
Parties, agrees that, unless and until the Senior Secured Obligations are paid
in full, no Junior Party shall assert and each hereby waives, to the fullest
extent permitted by law, any right to demand, request, plead or otherwise assert
or otherwise claim the benefit of, any marshaling, appraisal, valuation or other
similar right that may otherwise be available under applicable Requirement of
Law or any other similar rights a secured creditor may have under applicable
Requirement of Law.

            7.2 Obligations Unconditional

            All rights, interests, agreements and obligations of the Senior
Agent, the Senior Parties and the Junior Parties, respectively, hereunder shall
remain in full force and effect irrespective of:

            (a) any lack of validity or enforceability of any Loan Documents;

            (b) any change in the time, manner or place of payment of, or in any
      other terms of, all or any of the Senior Secured Obligations or Junior
      Secured Obligations, or any amendment or waiver or other modification,
      including any increase in the amount thereof, whether by course of conduct
      or otherwise, of the terms of the Senior Credit Agreement, the Junior
      Credit Agreement or of the terms of the Loan Documents;

            (c)   any exchange, release or lack of perfection of any security
      interest or other Lien in any Collateral or any other collateral, or any
      release, amendment, waiver or other modification, whether in writing or by
      course of conduct or otherwise, of any Secured Obligation or any guarantee
      thereof;

            (d)   the commencement of any Insolvency or Liquidation Proceeding;
      or

            (e)   any other circumstances which otherwise might constitute a
      defense available to, or a discharge of, the Borrower or any Loan Party in
      respect of any Secured Obligation, or of any Junior Party in respect of
      this Agreement;

provided, however, that nothing in this Section 7.2 shall be construed to modify
or amend the provisions of Section 10.1 (Amendments, Waivers, Etc.) of the
Senior Credit Agreement.

            SECTION 8. MISCELLANEOUS

            8.1 Conflicts

            Except as expressly provided herein, in the event of any conflict
between the provisions of this Agreement and the provisions of any Loan
Document, the provisions of this Agreement shall govern. It is further expressly
understood that the Lien subordination and other terms referred to herein shall
not, as between the Loan Parties and the Secured Parties, waive, cancel, relieve
the Borrower or any other Loan Party from any liability or obligation, or
otherwise modify any liability or obligation, that the Borrower or such Loan
Party may have to the Senior

                                       13
<PAGE>

Agent, any Senior Party or any Junior Party under the Senior Credit Agreement
any other Loan Document.

            8.2 Effectiveness

            This Agreement shall become effective when executed and delivered by
the Senior Agent, each Junior Agent, the Borrower and each other Loan Party
party hereto and shall be effective both before and after the commencement of
any Insolvency or Liquidation Proceeding. All references to the Borrower or any
other Loan Party shall include the Borrower or such Loan Party (as the case may
be) as debtor and debtor-in-possession and any receiver or trustee for the
Borrower or such Loan Party (as the case may be) in any Insolvency or
Liquidation Proceeding.

            8.3 Continuing Nature of this Agreement

            This Agreement (other than the provisions Section 3.2 (Application
of Proceeds of Collateral and Other Payments) and Section 5.1 (Releases;
Enforcement by Senior Agent)) shall continue to be effective until all Senior
Secured Obligations shall have been paid in full, and the provisions of Sections
3.2 and 5.1 shall continue to be effective until all Senior Secured Obligations
and Junior Secured Obligations have been paid in full. This is a continuing
agreement of Lien subordination and the Senior Parties may continue, at any time
and without notice to any Junior Party, to extend credit and other financial
accommodations and lend monies to or for the benefit of the Borrower on the
faith hereof. Except as expressly provided herein or in the Senior Credit
Agreement, each Junior Party hereby waives any right it may have under
applicable law to revoke this Agreement or any of the provisions of this
Agreement. The terms of this Agreement shall survive, and shall continue in full
force and effect, in any Insolvency or Liquidation Proceeding.

            8.4 Amendments; Waivers

            (a) No amendment, modification or waiver of any of the provisions of
this Agreement by the Senior Agent or any Junior Agent shall be deemed to have
been made unless executed by the Senior Agent and each Junior Agent; provided,
that no such amendment, modification or waiver shall require the consent of the
Borrower or any other Loan Party except to the extent provided in Section
8.4(b).

            (b) Anything herein to the contrary notwithstanding, the consent of
the Borrower shall not be required for amendments, modifications or waivers of
the provisions of this Agreement other than those that (i) affect any obligation
or right of the Borrower or any Loan Party hereunder or that would impose any
additional obligations on the Borrower or any Loan Party, (ii) change the
ability of any Collateral Agent to release Collateral (or to subordinate the
Liens on the Collateral of the Collateral Agents to Liens permitted under the
Senior Credit Agreement), (iii) change the rights of the Borrower to make
payments of interest and principal in respect of the Junior Secured Obligations
or (iv) have the effect of making the Liens securing the Junior Parties pari
passu with the Liens securing the Senior Parties. Anything herein to the
contrary notwithstanding, the consent of no Loan Party (other than the Borrower
in the circumstances set forth in the preceding sentence) shall be required for
amendments, modifications or waivers of the provisions of this Agreement.

            8.5 Notices

            Any notice or other communication herein required or permitted to be
given to (a) any party hereto that is also a party to the Senior Credit
Agreement shall be made in accordance with Section 10.8 of the Senior Credit
Agreement, (b) any party hereto that is also a

                                       14
<PAGE>

party to the Junior Credit Agreement shall be made in accordance with Section
8.8 of the Junior Credit Agreement.

            8.6 Further Assurances

            Each of the Borrower and the other Loan Parties party hereto and
each Junior Agent, for itself and on behalf of each Junior Party, agrees that
each Loan Party and each Junior Party shall, at the Borrower's expense, take
such further action and execute and deliver to the Senior Agent and the Senior
Parties such additional documents and instruments (in recordable form, if
requested), in each case as the Senior Agent or the other Senior Parties may
reasonably request to effectuate the terms of and the subordination contemplated
by this Agreement.

            8.7 Governing Law

            This Agreement and the rights and liabilities of the parties hereto
shall be governed by, and construed and interpreted in accordance with, the law
of the State of New York.

            8.8 Specific Performance

            Each of the Agents and the Secured Parties may demand specific
performance of this Agreement. Each of the Senior Agent, on behalf of itself and
the Senior Parties, and each Junior Agent, on behalf of itself and the Junior
Parties, hereby irrevocably waives any defense based on the adequacy of a remedy
at law and any other defense which might be asserted to bar the remedy of
specific performance in any action which may be brought by the other Person.

            8.9 Section Titles

            The section titles contained in this Agreement are and shall be
without substantive meaning or content of any kind whatsoever and are not a part
of this Agreement, except when used to reference such sections.

            8.10 Counterparts

            This Agreement may be executed in one or more counterparts, each of
which shall be an original and all of which shall together constitute one and
the same document. Signature pages may be detached from multiple separate
counterparts and attached to a single counterpart so that all signature pages
are attached to the same document. Delivery of an executed signature page of
this Agreement by facsimile transmission or by posting on the Approved
Electronic Platform (as defined in each of the Senior Credit Agreement and the
Junior Credit Agreement) shall be as effective as delivery of a manually
executed counterpart thereof.

                            [SIGNATURE PAGES FOLLOW]

                                       15
<PAGE>

            IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the date first written above.

                     CITICORP NORTH AMERICA, INC., as Senior Agent

                     By: /s/ ASGHAR ALI
                        _____________________________________
                        Name:  Asghar Ali
                        Title: Vice President

                     Address:

                     388 Greenwich Street, 19th Floor
                     New York, New York 10013
                     Attention:
                     Telecopy no.:
                     email address:

                     CITICORP NORTH AMERICA, INC., as Junior
                     Administrative Agent

                     By: /s/ ASGHAR ALI
                        _____________________________________
                        Name:  Asghar Ali
                        Title: Vice President

                     Address:

                     388 Greenwich Street, 19th Floor
                     New York, New York 10013
                     Attention:
                     Telecopy no.:
                     email address:

                     CITICORP NORTH AMERICA, INC., as Junior Collateral Agent

                     By: /s/ ASGHAR ALI
                        _____________________________________
                         Name:  Asghar Ali
                         Title: Vice President

                     Address:

                     388 Greenwich Street, 19th Floor
                     New York, New York 10013
                     Attention:
                     Telecopy no.:
                     email address:

                  [SIGNATURE PAGE TO INTERCREDITOR AGREEMENT]
<PAGE>

                     AMKOR TECHNOLOGY, INC., as Borrower

                     By:     /s/ KENNETH T. JOYCE
                             _________________________
                             Name:  Kenneth T. Joyce
                             Title: Executive Vice President and
                                    Chief Financial Officer

                     GUARDIAN ASSETS, INC., as a Loan Party

                     By:     /s/ KENNETH T. JOYCE
                             _________________________
                             Name:  Kenneth T. Joyce
                             Title: Chief Financial Officer

                     UNITIVE, INC., as a Loan Party

                     By:     /s/ ARTHUR BERGENS
                             _________________________
                             Name:  Arthur Bergens
                             Title: Chief Financial Officer

                     UNITIVE ELECTRONICS, INC., as a Loan Party

                     By:     /s/ ARTHUR BERGENS
                             _________________________
                             Name:  Arthur Bergens
                             Title: Chief Financial Officer

                  [SIGNATURE PAGE TO INTERCREDITOR AGREEMENT]Exhibit 10.1

PRIVATE AND CONFIDENTIAL

 To: Telewest Communications Networks Limited
     160 Great Portland Street
     London W1N 5TB

Attn: David Buckingham
                                                            2 November 2004

Ladies and Gentlemen,

TELEWEST COMMUNICATIONS NETWORKS LIMITED - COMMITMENT LETTER

Each of Barclays Capital,  the investment banking division of Barclays Bank
PLC (together  with  Barclays Bank PLC referred to as "BARCLAYS  CAPITAL"),
BNP Paribas,  Citigroup Global Markets Limited, Credit Suisse First Boston,
Deutsche Bank AG London and Royal Bank of Scotland  (each as "MANDATED LEAD
ARRANGER" and, collectively,  the "MANDATED LEAD ARRANGERS") hereby confirm
their  commitment to arrange,  on your behalf,  certain bank financing (the
"FINANCING") described herein, with an international syndicate of lenders.

Each of Barclays Bank PLC, BNP Paribas, Citibank, N.A., Credit Suisse First
Boston,  Deutsche  Bank AG London  and  Royal  Bank of  Scotland1  (each an
"UNDERWRITER"  and,  collectively,  the  "UNDERWRITERS"),   hereby  further
confirm their  commitment to  underwrite  (or procure that their  customary
funding affiliate underwrites) the Financing on the terms and conditions of
this Commitment  Letter and the detailed terms and conditions as set out in
the Summary of Principal Terms and Conditions attached hereto (the "SUMMARY
TERMS AND CONDITIONS").

Capitalised terms,  unless otherwise defined,  shall bear the same meanings
as those ascribed to them in the Summary Terms and Conditions.

1.   FINANCING

     Subject to the terms of this letter  (incorporating  the Summary Terms
     and  Conditions,  the  "COMMITMENT  LETTER")  and a fees  letter to be
     entered into between  yourselves and ourselves in connection  with the
     Financing (the "FEES LETTER" and, together with the Commitment Letter,
     the  "COMMITMENT  DOCUMENTS"),  we are pleased to confirm the terms on
     which you have exclusively mandated us:

------------------------

1    Legal lending entities to be determined upon  confirmation of identity
     of Borrowers

     (a)  to lead  arrange,  and on which the Mandated  Lead  Arrangers are
          willing to lead arrange, the Financing; and

     (b)  to  underwrite,  and on which the  Underwriters  are  willing  to
          underwrite,  one hundred per cent. (100%) of the Financing in the
          following proportions:

                                                SENIOR          SECOND LIEN
                                               FACILITIES        FACILITY
 Barclays Capital                               16.667%             20%
 BNP Paribas                                    16.667%             10%
 Citibank, N.A.                                 16.667%             20%
 Credit Suisse First Boston                     16.667%             20%
 Deutsche Bank AG London                        16.667%             20%
 Royal Bank of Scotland                         16.667%             10%
                                              -----------------------------
                                                  100%             100%
                                              -----------------------------

     The net proceeds of the  Financing  will be available for the purposes
     of (i)  refinancing  all  of the  Existing  Senior  Credit  Facilities
     Agreement  and (ii) the  on-going  working  capital  needs and general
     corporate purposes of Telewest Communications Networks Limited ("TCN")
     and its subsidiaries and associated  partnerships  (together with TCN,
     the "TCN GROUP").

     The Financing will comprise:

     (i)   pound 1,450 million of senior secured term loan facilities;

     (ii)  pound 100 million of senior secured revolving credit facilities;
           and

     (iii) pound 250 million of second lien financing,

     together referred to as the "FACILITIES", details of which are set out
     in the attached Summary Terms and Conditions.

     The commitment of each Mandated Lead Arranger and each  Underwriter is
     several and the failure by one Mandated Lead  Arranger or  Underwriter
     to perform its obligations hereunder shall not prejudice the rights or
     obligations  of the other  Mandated Lead Arrangers or, as the case may
     be,  any  other   Underwriters.   Each   Mandated  Lead  Arranger  and
     Underwriter may enforce its rights separately and you may enforce your
     rights against each Mandated Lead Arranger and Underwriter separately.
     No Mandated Lead Arranger or Underwriter  shall be responsible for the
     obligations of any other  Mandated Lead  Arranger,  or as the case may
     be, Underwriter.

2.   CONDITIONS OF COMMITMENT

     The  Mandated   Lead   Arrangers'   commitment   to  arrange  and  the
     Underwriters' commitment to underwrite the Financing is subject to the
     following conditions:

     (a)  the negotiation of customary  finance  documentation  (including,
          without  limitation,   loan  and  intercreditor   agreements  and
          guarantee,   security  and  associated   documentation   for  the
          Financing,  including  legal opinions  (together,  the "FINANCING
          DOCUMENTATION"))  on  terms  satisfactory  to the  Mandated  Lead
          Arrangers  and the  Underwriters  (acting  reasonably)  and their
          execution  and  delivery by the parties  thereto.  The  Financing
          Documentation  will be drafted by  counsel to the  Mandated  Lead
          Arrangers and, unless otherwise agreed by TCN, will  incorporate,
          without  limitation,  the  terms  and  conditions  set out in the
          Commitment Documents;

     (b)  receipt by us of a copy of the Fees  Letter  dated as at the date
          hereof and counter-signed by you;

     (c)  Barclays Capital, BNP Paribas,  Citigroup Global Markets Limited,
          Credit  Suisse First  Boston,  Deutsche  Bank AG London and Royal
          Bank of Scotland  being  appointed as joint  bookrunners  for the
          Facilities;

     (d)  confirmation  that the consolidated  financial  statements of the
          TCN Group for the fiscal  quarter  ended  September  2004 are not
          materially  inconsistent  with the budget  ("6:6  Plan") for that
          quarter most recently provided to us prior to the date hereof (it
          being understood that neither adjustments relating to fresh start
          accounting nor reasonable  stock option costs shall be taken into
          account for the  purposes  of  determining  compliance  with this
          paragraph (d)); and

     (e)  compliance  by you and your  subsidiaries  with the  terms of the
          Commitment Documents in all material respects.

3.   ASSIGNMENTS AND AMENDMENTS

     You may not  assign or  transfer  any of your  rights,  or  (except as
     provided in  paragraph  13) be  relieved  of any of your  obligations,
     under the Commitment  Documents,  without the prior written consent of
     the Mandated Lead Arrangers (and any purported  assignment or transfer
     without such consent shall be void).

     Subject to the terms of the  Commitment  Documents,  the Mandated Lead
     Arrangers  and the  Underwriters  may assign or transfer all or any of
     our respective rights and obligations  under the Commitment  Documents
     to any of our  respective  affiliates  that  customarily  acts  as the
     funding  affiliate  of such  Mandated  Lead  Arranger or  Underwriter;
     provided that any such  assignment or transfer  shall not be permitted
     without the prior consent of TCN if as a result of such  assignment or
     transfer  any  member of the TCN  Group  would  incur  any  additional
     obligation or liability by way of withholding tax.

     This Commitment Letter may not be amended or modified and no provision
     may be waived except by an  instrument  in writing  signed by TCN, the
     Mandated Lead Arrangers and the Underwriters.

4.   SYNDICATION TIMETABLE

     The  parties  to  this  Commitment  Letter  have  agreed  to  use  all
     reasonable endeavours to comply with the following timetable:

     (a)  launch of  syndication  to existing  lenders by no later than the
          week commencing 1 November 2004; and

     (b)  launch of  syndication  to new  lenders by no later than the week
          commencing 8 November 2004.

5.   INDEMNIFICATION

     TCN hereby agrees to indemnify and hold harmless each of those parties
     listed in Annex A to this  Commitment  Letter on the terms and subject
     to the conditions set out therein.

6.   Confidentiality and Conflicts

     (a)  You will not,  without the prior written  consent of the Mandated
          Lead  Arrangers  and  Underwriters,  disclose the contents of the
          Commitment  Documents or their  existence  to any person  except,
          following your acceptance of this Commitment Letter in accordance
          with its terms:

          (i)  to the  extent  required  by any  court or other  regulatory
               body,  by law or to comply with the rules of any  regulatory
               body or  applicable  securities  exchange to which you or we
               are subject; or

          (ii) to your  employees and your legal or financial  advisers who
               are made  aware of,  and  either  agree to be bound by,  the
               obligations  under this paragraph prior to such  information
               being  disclosed  to them  or are in any  event  subject  to
               confidentiality   obligations   as  a   matter   of  law  or
               professional practice.

     (b)  None of the Mandated  Lead  Arrangers or the  Underwriters  will,
          without  the prior  written  consent of TCN (save  where  already
          disclosed pursuant to paragraph (a) above), disclose the contents
          of the Commitment Documents or their existence or any information
          relating to the Financing or Telewest Global,  Inc.,  Telewest UK
          Limited,   TCN  or  any  of  their  respective   subsidiaries  or
          associated  partnerships  or joint venture or minority  interests
          (collectively,  the  "GROUP")  which it receives  from you or any
          other  Mandated  Lead  Arranger  or  Underwriter  or any of their
          affiliates to any person except:

          (i)  as  required  by law or to  comply  with the rules of or any
               request  by any  regulatory  body or  applicable  securities
               exchange to which you or we are subject or with which we are
               obliged to comply,  in which case we shall  provide you with
               reasonable prior notice to the extent possible; or

          (ii) to any potential  transferee,  assignee or other participant
               in the commitments hereunder, our employees and our legal or
               financial  advisers  who are made aware of, and either agree
               to be bound by, the  obligations  under this paragraph prior
               to such  information  being  disclosed to them or are in any
               event subject to confidentiality  obligations as a matter of
               law or professional practice.

     (c)  You   acknowledge   that  the  Mandated   Lead   Arrangers,   the
          Underwriters  or  any  of  their  respective  affiliates  may  be
          providing  debt  financing,  equity  capital  or  other  services
          (including  corporate or financial  advisory services) to persons
          with whom you may have  conflicting  interests in connection with
          the Financing or otherwise. The appointments of the Mandated Lead
          Arrangers  and the  commitments  of the  Underwriters  under this
          Commitment  Letter do not prevent the Mandated Lead  Arrangers or
          the  Underwriters  from  providing  such  services  to its  other
          clients or  customers.  Without  prejudice to the  generality  of
          paragraph 6(b), the Mandated Lead Arrangers and the  Underwriters
          will keep confidential any information  relating to the Financing
          or the Group which it receives from you or your advisers from any
          of its other  clients  or  customers.  You  acknowledge  that the
          Mandated Lead Arrangers and the  Underwriters  have no obligation
          to you, to use in connection with the Financing, or to furnish to
          you or any of your affiliates or advisers,  information  obtained
          from other clients or customers.

7.   EXCLUSIVITY

     In  consideration  of the Mandated Lead Arrangers and the Underwriters
     entering into this Commitment  Letter you agree that during the period
     from the date of your  counter-signature  of this Commitment Letter to
     the date which is the earlier of the Closing Date and 31 January 2005:

     (a)  you will  negotiate  with us in good  faith  and on an  exclusive
          basis to finalise and to enter into the  Financing  Documentation
          on terms consistent with those set out in this Commitment Letter;

     (b)  you will not agree or negotiate  with any other bank or financial
          institution   any  refinancing  of  the  Existing  Senior  Credit
          Facilities  Agreement  by such bank or financial  institution  by
          debt raised in the domestic or  international  debt markets,  and
          you will not approach,  mandate or appoint, or solicit or respond
          to any offer  from any other  bank or  financial  institution  to
          arrange or underwrite any such financing; and

     (c)  you will not seek to replace the Mandated  Lead  Arrangers or the
          Underwriters  as  the  lead  arrangers  and  underwriters  of the
          Financing (save as contemplated by paragraph 13).

8.   DELEGATION

     Subject to the  provisions  of paragraph 3, each of the Mandated  Lead
     Arrangers and the  Underwriters  may employ the services of any of its
     affiliates in providing the services  contemplated  by this Commitment
     Letter  and  each of the  Mandated  Lead  Arrangers  and  Underwriters
     reserves  the  right  to  allocate,  in  whole  or in  part,  to  such
     affiliates  the fees payable  under the  Commitment  Documents in such
     manner as they and such affiliates may agree in their sole discretion.
     You acknowledge that the Mandated Lead Arrangers, the Underwriters and
     such affiliates may share with each other any information  relating to
     the Group,  the  Financing or any of the matters  contemplated  by the
     Committment Documents.  Any such affiliate may rely on this Commitment
     Letter.

 9.  ANNOUNCEMENT

     You, the Mandated Lead Arrangers and the Underwriters  each agree that
     none  of us nor  any of  our  respective  affiliates  shall  make  any
     announcement  relating to the  Financing  without the prior consent of
     the  other  persons  save to the  extent  that  such  announcement  is
     required by law or to comply with the rules of any regulatory  body or
     applicable securities exchange to which you or we are subject. The use
     of the names of the Mandated Lead  Arrangers and  Underwriters  on any
     announcement or communication relating to the Financing must appear in
     alphanumerical   order.

10.  GOVERNING  LAW  AND  JURISDICTION

     This  Commitment   Letter  shall  be  governed  by  and  construed  in
     accordance  with English  law.

     For the benefit of the Mandated Lead  Arrangers and the  Underwriters,
     you agree that the courts of England have  jurisdiction  to settle any
     disputes in connection  with the Commitment  Documents and accordingly
     submit to the exclusive  jurisdiction  of the English courts and waive
     any defence of inconvenient forum which may be available.

11.  THIRD PARTY RELIANCE

     Save as expressly  provided  otherwise in this  Commitment  Letter,  a
     person who is not a party to this Commitment Letter may not rely on it
     and the terms of the Contracts  (Rights of Third Parties) Act 1999 are
     excluded.  The  parties  to this  Commitment  Letter  may  amend  this
     Commitment Letter in writing without the consent of any third party.

12.  SURVIVAL

     The provisions of paragraphs 5, 6, 9, 10 11 and 12 of this  Commitment
     Letter shall survive the  termination of the obligations of any of the
     parties under this Commitment Letter or its expiry.

13.  COMMITMENT AND TERMINATION

     (a)  The  commitments of the Mandated Lead Arrangers and  Underwriters
          under this  Commitment  Letter will commence upon your  signature
          and return of the Commitment Documents.

     (b)  Following your acceptance of this  Commitment  Letter as provided
          in subparagraph (a) above, any of the Mandated Lead Arrangers and
          the  Underwriters  may  terminate  its  obligations   under  this
          Commitment Letter (by written notice to each of the other parties
          to this Commitment  Letter) only in the following  circumstances:

          (i)  on or after the close of  business  in London on 31  January
               2005,  unless the first  drawdown  under the  Facilities has
               occurred on or before that date; or

          (ii) if you breach any term of the  Commitment  Documents  in any
               material respect and that breach,  if capable of remedy,  is
               not remedied  within 10 business  days of the date notice is
               given  to  you  of  such  breach;  or

          (iii)any factual  information  relating to the Group  received by
               any of the Mandated Lead Arrangers or the  Underwriters  (or
               any of their advisers) from you (or any of your advisers) or
               any  representation  made by you to any of the Mandated Lead
               Arrangers  or the  Underwriters  (or any of their  advisers)
               prior to the signing date of the Financing  Documentation is
               inaccurate  or  misleading  in any  respect  which  would be
               reasonably likely to materially prejudice the achievement of
               a Successful  Syndication (as defined in the Fees Letter) of
               the Facilities; or

          (iv) if you fail to  disclose  any  facts or  information  to the
               Mandated  Lead  Arrangers  or the  Underwriters,  which  are
               within your knowledge and which has or is reasonably  likely
               to have, a material adverse effect on the business,  assets,
               operations or financial  condition of the TCN Group taken as
               a whole; or

          (v)  if a change  occurs  after the date  hereof  which has or is
               reasonably  likely to have, a material adverse effect on the
               business,  assets,  operations or financial condition of the
               TCN Group taken as a whole.

     (c)  You may terminate the  appointment  of any Mandated Lead Arranger
          or the commitment of any Underwriter hereunder (by written notice
          to each of the other parties to this Commitment Letter):

          (i)  if such Mandated Lead  Arranger or  Underwriter  breaches or
               indicates its intention to breach any term of the Commitment
               Documents relating to its obligation to fund its commitments
               under this Commitment Letter; or

          (ii) if such Mandated Lead Arranger or  Underwriter  breaches any
               term of the Commitment Documents (other than as specified in
               sub-paragraph  (i) above) in any  material  respect and that
               breach,  if  capable  of  remedy is not  remedied  within 10
               business  days of the date on which you give  notice of such
               breach; or

          (iii)if the  representation  given by such Mandated Lead Arranger
               or  Underwriter  in  paragraph  2(b) of the Fees  Letter  is
               incorrect in any material respect; or

          (iv) on or after  the  close of  business  in  London on the date
               which is the  earlier  of the  Closing  Date and 31  January
               2005,

          and  upon  such  termination  you  shall  (save  as  provided  in
          paragraph  11) and without  prejudice  to the rights of any other
          Mandated Lead Arranger or  Underwriter  against you in respect of
          any breach of the Commitment Documents prior to such termination)
          have no further  obligations  to such  Mandated  Lead Arranger or
          Underwriter under the Commitment Documents.

14.  CLASSIFICATION

     The Mandated Lead  Arrangers and the  Underwriters  will treat you for
     the purposes of their  respective  appointments  under this Commitment
     Letter, as an intermediate  customer within the meaning of and for the
     purposes of the  Financial  Services  Authority  Handbook of Rules and
     Guidance (the  "Handbook").  In addition,  you agree that you will, at
     any time upon the  request  of the  Mandated  Lead  Arrangers  and the
     Underwriters  and in connection with the  requirements  set out in the
     Handbook,  provide the Mandated Lead  Arrangers  and the  Underwriters
     within  a  reasonable   period  after  such   request,   documentation
     evidencing the existence,  ownership and control of any obligors under
     the loan documentation in relation to the Financing.

The offer contained in this Commitment  Letter shall remain in effect until
close of business in London on 2 November 2004 at which time it will expire
unless  written  acceptance  of each of the  Commitment  Documents has been
received by each of the Mandated Lead  Arrangers  (marked for the attention
of Andrew  Shellard  (in the case of Barclays  Capital)  Louis Kenna in the
case of BNP Paribas,  Paul Shedel (in the case of Citigroup  Global Markets
Limited),  Marisa Drew (in the case of Credit Suisse First Boston),  Guy du
ParcBraham (in the case of Deutsche Bank AG London) and Mike  Cunningham in
the  case of  Royal  Bank of  Scotland)  from  you in  accordance  with the
instructions set out below.

This Commitment  Letter may be signed in any number of counterparts,  which
shall have the same effect as if the  signatures on the  counterparts  were
signatures on a single copy of this Commitment Letter.

The provisions of this  Commitment  Letter  supersede all prior oral and/or
written  understandings  and  agreements  related  to  the  Financing  and,
together with the other  Commitment  Documents,  shall (until the execution
and delivery of the Financing Documentation), comprise the entire agreement
(in respect of the matters referred therein) between us.

Please indicate your acceptance of this Commitment Letter by countersigning
this  Commitment  Letter in the space indicated  below,  whereupon it shall
constitute  a binding  agreement  between us, and  returning  two  original
copies of such signed counterpart  together with two original signed copies
of the Fees Letter,  one to each of the Mandated Lead Arrangers,  marked in
each case for the attention of the relevant person specified above.

We look  forward to your  favourable  response to our  proposal and to your
mandate to us to proceed with this transaction.

Yours faithfully,

THE MANDATED LEAD ARRANGERS
---------------------------

For and on behalf of                    For and on behalf of
BARCLAYS CAPITAL                        BNP PARIBAS

/s/ ANDREW SHELLARD                     /s/ LOUIS KENNA   /s/ PAUL GIBBON

For and on behalf of                    For and on behalf of
CITIGROUP GLOBAL MARKETS                CREDIT SUISSE FIRST BOSTON
LIMITED
                                        /s/ MARISA DREW
/s/ PAUL SHEDEL

For and on behalf of                    For and on behalf of
DEUTSCHE BANK AG LONDON                 ROYAL BANK OF SCOTLAND

/s/ GUY DU PARC BRAHAM                  /s/ KIERAN RYAN

/s/ BRIAN BASSETT

THE UNDERWRITERS
----------------

For and on behalf of                    For and on behalf of
BARCLAYS BANK PLC                       BNP PARIBAS

/s/ ANDREW SHELLARD                     /s/ LOUIS KENNA   /s/ PAUL GIBBON

For and on behalf of                    For and on behalf of
CITIBANK, N.A.                          CREDIT SUISSE FIRST BOSTON

/s/ PAUL SHEDEL                         /s/ MARISA DREW

For and on behalf of                    For and on behalf of
DEUTSCHE BANK AG LONDON                 ROYAL BANK OF SCOTLAND

/s/ GUY DU PARC BRAHAM                  /s/ KIERAN RYAN

/s/ BRIAN BASSETT

We accept and agree the terms of the foregoing letter.

For and on behalf of
TELEWEST COMMUNICATIONS NETWORKS LIMITED

/s/ Neil Smith
------------------------
Name:    NEIL SMITH
Title:   Director
Date:    2 November 2004

<PAGE>

                                  ANNEX A

                              INDEMNIFICATION

1.   In the event that any of the Mandated Lead Arrangers, the Underwriters
     or any of  their  respective  affiliates  or any of  their  respective
     partners,  directors,  agents, advisers or employees (each a "RELEVANT
     PERSON") becomes  involved in any capacity in any action,  proceeding,
     or investigation  brought by or against any person,  including without
     limitation  shareholders of Telewest Global, Inc., TCN or any of their
     respective  subsidiaries  arising out of, in  connection  with or as a
     result of either  the  commitment  or any  matter  referred  to in the
     Commitment  Documents,  you agree promptly on request to reimburse the
     Relevant Person for its reasonable legal and other expenses (including
     the  reasonable  cost  of any  investigation  and  preparation  of any
     defence) arising out of or incurred in connection therewith.  You also
     agree  (provided  that  in  doing  so,  you  and  your   subsidiaries'
     respective  positions  are not  materially  prejudiced  (including  by
     acting  contrary  to  any  confidentiality  undertaking  or  so  as to
     prejudice any legal  privilege to which they are  entitled)) to afford
     reasonable  cooperation to each Relevant Person and to give, so far as
     you are able to procure the giving of, all such information and render
     all such  assistance  to the Relevant  Persons as they may  reasonably
     request  in   connection   with  any  such   action,   proceeding   or
     investigation  and not to take any action  which might  reasonably  be
     expected to prejudice the position of a Relevant Person in relation to
     any such action,  proceeding or  investigation  without the consent of
     the Relevant  Person  concerned  (such consent not to be  unreasonably
     withheld).  Notwithstanding the aforesaid, you shall not be liable for
     any  reimbursement  or obliged to give any  information  or render any
     assistance  or be  precluded  from taking any action  pursuant to this
     paragraph, to the extent that any action,  proceeding or investigation
     arises from the bad faith,  gross  negligence or wilful  misconduct of
     the Relevant Person in performing the services that are the subject of
     the  Commitment  Documents  or a  breach  of  such  Relevant  Person's
     obligations under the Commitment Documents.

2.   You also agree to indemnify and hold  harmless  each  Relevant  Person
     from and against any and all losses, liabilities, claims, damages, and
     reasonable  costs or  expenses  incurred  by such  Relevant  Person in
     connection with or as a result of any action, claim,  investigation or
     proceeding commenced in relation to its appointments or commitments or
     any matter  referred to in the Commitment  Documents and in particular
     (without limitation to the generality of the foregoing) arising out of
     or in  relation  to or in  connection  with any untrue  statement  (or
     alleged  untrue  statement)  of  a  material  fact  contained  in  any
     preliminary  or final  offering  materials or  information  memorandum
     prepared  in  connection  with  the  Financing   (including,   without
     limitation,  any preliminary  summary of the Financing prepared by the
     Mandated  Lead  Arrangers  and  approved  by you or your  professional
     advisors on your  behalf) or any filings  with or  submissions  to any
     governmental  or self  regulatory  authority  or agency or  securities
     exchange,  in each case, approved by you or your professional advisers
     on your  behalf,  or caused by an omission  (or alleged  omission)  to
     state therein a material fact necessary to make the statements therein
     in the light of the  circumstances  under  which  they are  made,  not
     misleading,  except to the extent that any such  losses,  liabilities,
     claims,  damages, costs or expenses are the result of bad faith, gross
     negligence or wilful  misconduct of the Relevant  Person in performing
     the  services  that are the subject of the  Commitment  Documents or a
     breach of such  Relevant  Person's  obligations  under the  Commitment
     Documents.

3.   You also agree that the Relevant  Persons shall not have any liability
     including,  but not limited to, any direct,  indirect,  incidental  or
     consequential  damages to you or any person  asserting  claims on your
     behalf  arising  out  of or in  connection  with  or  as a  result  of
     performing  the  services  that  are  the  subject  of the  Commitment
     Documents,  except (i) to the extent such  liability  is the result of
     bad faith,  gross  negligence  or wilful  misconduct  of the  Relevant
     Person  in  performing  the  services  that  are  the  subject  of the
     Commitment  Documents or (ii) liability of the Relevant  Person to you
     resulting from a breach of such Relevant  Person's  obligations  under
     the Commitment Documents.

4.   Each Relevant Person may rely on the terms of this Commitment Letter.

5.   No  provision of this  Commitment  Letter shall apply so as to exclude
     any  liability of the Relevant  Persons which by the Handbook or other
     applicable  law or  regulations  cannot be excluded by agreement  with
     you.

<PAGE>

                                  ANNEX B

                           ANTI-TYING DISCLOSURE

Citigroup's  Global  Corporate and  Investment  Bank  ("GCIB")  maintains a
policy  of  strict  compliance  to the  anti-tying  provisions  of the Bank
Holding Company Act of 1956, as amended,  and the regulations issued by the
Federal Reserve Board implementing the anti-tying rules (collectively,  the
"Anti-tying Rules").  Moreover our credit policies provide that credit must
be  underwritten  in a safe and sound manner and be consistent with Section
23B of the  Federal  Reserve  Act  and the  requirements  of  federal  law.
Consistent with these requirements, and the GCIB's Anti-tying Policy:

o    You will not be required  to accept any product or service  offered by
     Citibank or any Citigroup affiliate as a condition to the extension of
     commercial  loans or other  products or services to you by Citibank or
     any of its subsidiaries, unless such a condition is permitted under an
     exception to the Anti-tying Rules.

o    The  GCIB  will not vary  the  price  or other  terms of any  Citibank
     product or service  based on a condition  that you  purchase any other
     product or service from Citibank or any Citigroup affiliate, unless we
     are authorized to do so under an exception to the Anti-tying Rules.

o    The GCIB will not  require  you to provide  property  or  services  to
     Citibank or any  affiliate of Citibank as a condition to the extension
     of a commercial  loan to you by Citibank or any  Citibank  subsidiary,
     unless such a requirement is reasonably required to protect the safety
     and soundness of the loan.

o    The GCIB will not require you to refrain  from doing  business  with a
     competitor  of  Citigroup or any of its  affiliates  as a condition to
     receiving a commercial loan from Citibank or any of its  subsidiaries,
     unless the requirement is reasonably  designed to ensure the soundness
     of the loan.

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