Document:

Number 10 of the Roll of Deeds for 2010

 Exhibit 4.22 

Number 10 of the Roll of Deeds for 2010 

 

 

 TRANSACTED 

in Frankfurt/Main on 4 February 2010 

Before me, the undersigned Notary 

Dr. Harald Jung 

with the official residence in 60325 Frankfurt/Main, 

Barckhausstraße 12-16 

appeared today in the offices of the law firm Allen & Overy LLP, Taunustor 2, 60311 Frankfurt/Main, where I had been rendered on the
request of the appeared parties: 
  

	1.	Mr. Stefan Kuhm, born 15 November 1974, resident Walter-Ziess-Ring 2, 61381 Friedrichsdorf v.d.H., personally known to the Notary,

 – the Deponent 1 – 

 

	2.	Mr. Dr. Oliver Lieth, born 15 June 1976, resident Edingerweg 23, 60320 Frankfurt am Main, personally know to the Notary, 

– the Deponent 2 – 

 The Deponent 1 declared that in the following he is not acting in his own name but, excluding any
personal liability, in the name and on behalf of 
  

	I.	THE ROYAL BANK OF SCOTLAND PLC, NIEDERLASSUNG FRANKFURT, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB Edinburgh,
Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt/Main,
Germany, and being registered with the commercial register of the local court of Frankfurt/Main under registration number HRB 49417, 

acting based upon a written power of attorney dated 1 February 2010, which was presented to the Notary as original and a certified
copy of which is attached to this Deed as Appendix A. 1. 
  

	II.	 LAW DEBENTURE TRUST COMPANY OF NEW YORK, limited purpose trust company organised under the laws of the State of New York, 767 Third Avenue, 31
st Floor, New York, NY 10017, United States of America,

 acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary
as original and a certified copy of which is attached to this Deed as Appendix A. 2. 
 The Deponent 2 declared that in the
following he is not acting in his own name but, excluding any personal liability, in the name and on behalf of 
  

	III.	KABEL DEUTSCHLAND GMBH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its
corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837,

 acting based upon a written power of attorney dated 29 January 2010, which was presented to the Notary as
original and a certified copy of which is attached to this Deed as Appendix B. 1. 
  

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

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix B. 2. 

	V.	KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) the general partner of which is
a limited liability company organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRA 84369, 

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix B. 3. 
  

	VI.	KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) the general partner of which is a
limited liability company organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRB 84471, 

 acting based upon a written power of
attorney dated 29 January 2010, which was presented to the Notary as original and a certified copy of which is attached to this Deed as Appendix B. 4. 

Neither the Notary nor the Deponent 1 and 2 acting on the basis of the powers of attorney assume any personal liability as to the validity and/or
scope of the powers of attorney presented. 
 The Notary asked the deponents regarding a prior involvement according to sec. 3 para. 1
sent. 1 no. 7 of the German Notarisation Act (Beurkundungsgesetz). After having been instructed by the Notary the deponents and the Notary answered this question in the negative. 

The Deponent 1 and the Deponent 2 requested that this Deed be notarized in the English language. The Notary, who speaks himself fluently the English
language, satisfied himself in the discussion held for the notarization of this Deed that the Deponent 1 and the Deponent 2 speak and understand the English language sufficiently well to understand the legal meaning of the declarations made by them
in this Deed. The Notary instructed the Deponent 1 and the Deponent 2 about their right to demand that this Deed be translated to them by an interpreter into the German language. The Deponent 1 and the Deponent 2 waived this right. 

The Notary advised the persons appearing: 
  

	 	•	 	 that a pledge is a security instrument of strictly accessory nature (which means that it comes into legal existence only if, to the extent that, and as
long as, the underlying secured claims do in fact exist, and that the owners of the secured claims and the pledgees must be identical); 

  

	 	•	 	 that there is no bona fide creation, acquisition nor ranking of a pledge of shares (which means that the pledgees are not protected if the shares
purported to be pledged do not exist, have been previously transferred to a third party, or have been previously encumbered for the benefit of a third party); and 

	 	•	 	 that the English original version of this Deed including its Appendices will not be acceptable for enforcement but will have to be translated, by a
certified translator, into German for such purposes; and 

  

	 	•	 	 that the parties hereto are, by operation of law, jointly and severally liable with respect to the payment of all notarial fees, irrespective of any
internal agreement passed in that respect. 

 The Deponent 1 and Deponent 2 declared that the parties represented by them
wish to enter into the following agreements: 
  

	1.	Supplemental Secondary Share Pledge Agreement relating to the shares in Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH between Kabel Deutschland
GmbH as Pledgor, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined therein) as attached as Appendix C.1.  

 

	2.	Supplemental Secondary Share Pledge Agreement relating to the shares in Kabel Deutschland Verwaltungs GmbH between Kabel Deutschland GmbH as Pledgor, the Security
Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined therein) as attached as Appendix C. 2. 

  

	3.	Supplemental Secondary Share Pledge Agreement relating to the shares in Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH between Kabel Deutschland Vertrieb
und Service GmbH & C. KG as Pledgor, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined therein) as attached as Appendix C. 3. 

 

	4.	Supplemental Secondary Interest Pledge Agreement relating to the interests in Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co. KG between Kabel
Deutschland GmbH as Pledgor, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined therein) as attached as Appendix C. 4. 

 

	5.	Supplemental Secondary Interest Pledge Agreement relating to the interests in Kabel Deutschland Vertrieb und Service GmbH & Co. KG between Kabel Deutschland
GmbH as Pledgor, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined therein) as attached as Appendix C. 5. 

 

	6.	Supplemental Secondary Interest Pledge Agreement relating to the interests in Kabel Deutschland Vertrieb und Service GmbH & Co. KG between Kabel Deutschland
Vertrieb und Service Beteiligungs GmbH & Co. KG as Pledgor, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined therein) as attached as Appendix C. 6. 

	7.	Supplemental Secondary Interest Pledge Agreement relating to the interests in Kabel Deutschland Vermögen Beteiligungs GmbH & Co. KG between Kabel
Deutschland Vertrieb und Service GmbH & Co. KG as Pledgor, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined therein) as attached as Appendix C. 7. 

 

	8.	Supplemental Secondary Interest Pledge Agreement relating to the interests in Kabel Deutschland Vermögen GmbH & Co. KG between Kabel Deutschland Vertrieb
und Service GmbH & Co. KG as Pledgor, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined therein) as attached as Appendix C. 8. 

 

	9.	Supplemental Secondary Interest Pledge Agreement relating to the interests in Kabel Deutschland Vermögen GmbH & Co. KG between Kabel Deutschland
Vermögen Beteiligungs GmbH & Co. KG as Pledgor, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined therein) as attached as Appendix C. 9. 

All of the supplemental secondary share pledge agreements and supplemental interest pledge agreements referred to under 1 through to 9 (each inclusive)
above form an integral part of this Deed. 
 Notification of the Pledges 

 

	1.	Kabel Deutschland GmbH, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined in Appendix C. 4 hereof) hereby notify the
company Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co. KG about the Supplemental Secondary Interest Pledge Agreement as attached as Appendix C. 4. Kabel Deutschland Vertrieb und Service Beteiligungs GmbH &
Co. KG hereby accepts and acknowledges such notification. 

  

	2.	Kabel Deutschland GmbH, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined in Appendix C. 5 hereof) hereby notify the
company Kabel Deutschland Vertrieb und Service GmbH & Co. KG about the Supplemental Secondary Interest Pledge Agreement as attached as Appendix C. 5. Kabel Deutschland Vertrieb und Service GmbH & Co. KG hereby accepts and
acknowledges such notification. 

  

	3.	Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co. KG, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as
defined in Appendix C. 6 hereof) hereby notify the company Kabel Deutschland Vertrieb und Service GmbH & Co. KG about the Supplemental Secondary Interest Pledge Agreement as attached as Appendix C. 6. Kabel Deutschland Vertrieb
und Service GmbH & Co. KG hereby accepts and acknowledges such notification. 

	4.	Kabel Deutschland Vertrieb und Service GmbH & Co. KG, the Security Trustee, the High Yield Notes Trustee and the other Finance Parties (each as defined in
Appendix C. 7 hereof) hereby notify the company Kabel Deutschland Vermögen Beteiligungs GmbH & Co. KG about the Supplemental Secondary Interest Pledge Agreement as attached as Appendix C. 7. Kabel Deutschland Vermögen
Beteiligungs GmbH & Co. KG hereby accepts and acknowledges such notification. 

*************************************** 

The foregoing Deed as well as the attached Appendix C. 1 through to Appendix C. 9, were read aloud to Deponent 1 and Deponent 2 by the Notary,
approved by the Deponent 1 and Deponent 2 and signed by them and the Notary in their own hands as follows: 
  

	
	 /s/ Oliver Leith

	Dr. Oliver Lieth
	
	 /s/ Stefan Kuhm

	Stefan Kuhm
	
	 /s/ Dr. Harald Jung

	Dr. Harald Jung
	Notary

 APPENDIX C. 1 

SUPPLEMENTAL SECONDARY SHARE PLEDGE 

AGREEMENT 

RELATING TO THE SHARES IN 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS VERWALTUNGS GMBH 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND GMBH 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Trustee 

and 

LAW DEBENTURE TRUST COMPANY OF NEW YORK 

as High Yield Notes Trustee 

and 

THE FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 	  	Page
		
	 Clause
	  	
			
	 1.
	  	Interpretation	  	10
	 2.
	  	Secondary Pledges	  	14
	 3.
	  	Independent Secondary Pledges	  	15
	 4.
	  	Security Purpose	  	15
	 5.
	  	Dividends	  	15
	 6.
	  	Exercise of Voting Rights	  	16
	 7.
	  	Enforcement of Secondary Pledges	  	17
	 8.
	  	Undertakings of the Pledgor	  	18
	 9.
	  	Representations and Warranties	  	19
	 10.
	  	Release of Security	  	20
	 11.
	  	Indemnity	  	20
	 12.
	  	Duration and Independence	  	20
	 13.
	  	Costs and Expenses	  	21
	 14.
	  	Partial Invalidity; Waiver	  	21
	 15.
	  	Amendments	  	21
	 16.
	  	Notices and their Language	  	21
	 17.
	  	Applicable Law; Jurisdiction	  	22
	 18.
	  	Notification	  	22

 THIS SUPPLEMENTAL SECONDARY SHARE PLEDGE AGREEMENT (the Agreement) is made on 4 February
2010 
 BETWEEN: 
  

	(1)	KABEL DEUTSCHLAND GMBH, a limited liability company (Gesellschaft mit beschränker Haftung) incorporated under the laws of Germany, having its
corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837,

 (the Pledgor) 

on one side; and 
  

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

(the Security Trustee); 
  

	(3)	 LAW DEBENTURE TRUST COMPANY OF NEW YORK, a limited purpose trust company organised under the laws of the State of New York, 767 Third Avenue, 31
st Floor, New York, NY 10017,

 (the High Yield Notes Trustee); and 

 

	(4)	THE FINANCE PARTIES as defined below in Clause 1.1 (Definitions). 

on the other side. 

The Security Trustee and the High Yield Notes Trustee are hereinafter referred to individually as an Original Secondary Pledgee and
together as the Original Secondary Pledgees. 
 The Pledgor and the Secondary Pledgees (as defined below) are hereinafter
collectively referred to as the Parties. 
 WHEREAS: 

 

	(A)	The Pledgor issued the High Yield Notes (as defined below) pursuant to the High Yield Indenture (as defined below) on the Issue Dates (as defined below).

  

	(B)	The security interests given on 1 July 2004 and on 27 July 2004 by, amongst others, the Pledgor to Deutsche Bank AG London as security trustee and Law
Debenture Trust Company of New York as high yield notes trustee on a second ranking basis have been released as of the date hereof and shall now be re-taken subject to and in accordance with the terms of the Priority Agreement (as defined below).

  

	(C)	According to the terms of an amendment agreement to the Priority Agreement (as defined below) Deutsche Bank AG London as former security trustee has resigned and the
new Security Trustee has assumed this position. 

	(D)	Under the Priority Agreement (as defined below), the Security Trustee is the joint and several creditor of each and every payment obligation of the Obligors towards the
High Yield Noteholders and/or the High Yield Notes Trustee under the Finance Documents (each as defined below). The High Yield Notes Trustee has acceded to the Priority Agreement by means of an accession agreement entered into on or about
2 July 2004 by, amongst others, the Security Trustee and the High Yield Notes Trustee, acting for itself and on behalf of the High Yield Noteholders (as defined below). 

 

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

  

	(F)	In connection with the granting of supplemental security in connection with the Credit Agreement Amendment Letter, the Pledgor has accepted to enter into this
Agreement. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

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

Additional High Yield Guarantor means a member of the Group which becomes a high yield guarantor under the Finance Documents after
the date of their execution. 
 Approved Additional High Yield Guarantor means any Additional High Yield Guarantor whose
obligations under the Finance Documents have after the date of their execution been specified by the relevant Finance Party to be secured by this Agreement. 

Business Day means each day that is not (i) a Saturday or a Sunday or (ii) any other day on which banking institutions in
Luxembourg City, Luxembourg, London, United Kingdom, Frankfurt am Main, Germany or New York, New York are authorised or required by law to close. 

Company means Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH, a limited liability company (Gesellschaft
mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRB 153081. 
 Credit Agreement means the senior credit agreement
dated 13 March 2006, as amended and restated by an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility
Agent, the Security Trustee, KDVS and KDG providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 add-on facilities. 

Dollar, dollar or $ means the currency of the United States of America. 

 Dollar Notes means $ 610,000,000 aggregate principal amount of 10.625 %
dollar-denominated senior notes due 2014 or any other dollar-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any dollar-denominated Exchange Securities). 

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

Euro Notes means Euro 250,000,000 aggregate principal amount of 10.750 % euro-denominated senior notes due 2014 or any other
euro-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any euro-denominated Exchange Securities). 

Exchange Securities means the dollar and/or euro denominated debt securities issued and delivered by KDG in exchange for the
Initial Securities to the holders of transfer restricted securities pursuant to the High Yield Indenture as contemplated by the High Yield Registration Rights Agreement. 

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

Existing Shares means the shares set forth in Clause 2.1. 

Existing Senior Share Pledge Agreement means the relevant share pledge agreement between, amongst others, the Pledgor and the
Security Trustee and others as pledgees under the notarial deed (roll of deeds No. G 240/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Share Pledge Agreement means the share pledge agreement between, amongst others, the Pledgor and
the Security Trustee and others as pledgees under the notarial deed (roll of deeds No. G 242/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 may 2006. 

Existing Supplemental Senior Share Pledge Agreement means the supplemental share pledge agreement relating to the shares in
Kabel Deutschland Verwaltungs GmbH and Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH dated on or about the date of this Agreement between, amongst others, Kabel Deutschland GmbH as pledgor and The Royal Bank of Scotland as
security agent and others as pledgees. 
 Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a
public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its
Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Finance Document means: 
  

	 	(a)	the High Yield Notes; 

  

	 	(b)	the Exchange Securities; 

  

	 	(c)	the High Yield Indenture; 

  

	 	(d)	each Security Document; 

	 	(e)	the Priority Agreement; or 

  

	 	(f)	any other document designated as such by the Security Trustee and KDG. 

Finance Party means each of the Security Trustee, the High Yield Notes Trustee and any other person becoming a security trustee or
a high yield notes trustee under the High Yield Indenture (together the Finance Parties). 
 Future Shares means
any and all shares in the Company issued in addition to the Existing Shares which the Pledgor may acquire and/or receive otherwise in future (including shares newly issued by way of capital increase (Kapitalerhöhung) or by any other
cause at law). 
 Future Secondary Pledgee means a Finance Party (other than the Security Trustee and the High Yield Notes
Trustee). 
 Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries. 

High Yield Guarantor means (i) KDVS or (ii) an Approved Additional High Yield Guarantor (together the High Yield
Guarantors). 
 High Yield Indenture means the indenture dated on or about 2nd July, 2004, made between, amongst
others, KDG, KDVS as High Yield Guarantor, the High Yield Notes Trustee, the Security Trustee and any other High Yield Guarantor relating to the issue of the High Yield Notes by KDG, and including any supplemental indenture entered into, amongst
others, by KDG with respect to the High Yield Indenture. 
 High Yield Notes means the Euro Notes and the Dollar Notes
issued pursuant to the High Yield Indenture. 
 High Yield Noteholders means each of the holders of the High Yield Notes.

 High Yield Registration Rights Agreement means the registration rights agreement dated on or about 2nd July, 2004,
made between, amongst others, KDVS, KDG the High Yield Guarantors and Deutsche Bank AG London, Morgan Stanley & Co. International Limited, Citigroup Global Markets Limited, Goldman Sachs International and ABN Amro Bank N.V. relating to the
offer to exchange transfer restricted Initial Securities into a like aggregate amount of the Exchange Securities or the shelf registration of such Initial Securities. 

Initial Securities means each of the Euro Notes and Dollar Notes. 

Issue Date means each of the date on or about 2nd July, 2004 and any date thereafter on which High Yield Notes are issued
under the High Yield Indenture (together the Issue Dates). 
 KDG means Kabel Deutschland GmbH a limited liability
company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the
local court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDVS means Kabel Deutschland Vertrieb und
Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

 Mandated Lead Arranger means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a High Yield Guarantor (together the Obligors). 
 Party means each of the Pledgor and the Secondary Pledgees
(together the Parties). 
 Priority Agreement means the priority agreement originally dated 29 March 2004, as
amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Mandated Lead Arrangers, the Facility Agent, the Security Trustee and certain other creditors of the Group. 

Secondary Pledge means any and all pledges constituted under this Agreement. 

Secondary Pledgee means an Original Secondary Pledgee or a Future Secondary Pledgee (together the Secondary Pledgees).

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

Security Documents means any mortgages, pledges, assignments, transfers or other documents creating security for the obligations of
the Obligors under the Finance Documents. 
 Security Trust Agreement means the security trust agreement dated 12 May
2006 between, amongst others, KDG and KDVS as security grantors, the Security Trustee and the other Finance Parties pursuant to which, inter alia, the Security Trustee has been appointed to act as trustee (Treuhänder) under German law in
relation to any German law governed Security Document. 
 Shares means the Existing Shares and the Future Shares.

 Subsidiary means any of: 
  

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

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

 

	1.2	Construction 

  

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

  

	 	(i)	the Security Trustee means the Security Trustee acting as agent for and on behalf of the Secondary Pledgees unless otherwise provided herein; and

  

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

 

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

 

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

 

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

  

	 	(e)	Whenever in this Agreement reference is made to the Security Trustee such reference shall be deemed to be a reference to the Security Trustee acting as trustee for and
on behalf of the Secondary Pledgees, unless otherwise provided herein. 

  

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

 

	2.	SECONDARY PLEDGES 

  

	2.1	Pledged Shares 

  

	 	(a)	The Pledgor is the sole shareholder of the Company. 

  

	 	(b)	The total registered share capital (Stammkapital) of the Company amounts to 25,000 Euro (in words: twenty five thousand Euro). At present, the Pledgor holds all
shares in the Company in an aggregate amount of EUR 25,000 (in words: Euro twenty five thousand) (the Existing Shares). There are no other shares in the Company. 

 

	 	(c)	The Existing Shares are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Secondary Pledges 

  

	 	(a)	The Pledgor hereby pledges the Shares to each Original Secondary Pledgee and to each Future Secondary Pledgee for their rateable interest as Security.

  

	 	(b)	Each of the Original Secondary Pledgees hereby accepts the Secondary Pledge. In addition, the Security Trustee accepts each of the Secondary Pledges for and on behalf
of each Future Secondary Pledgee hereunder as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Secondary Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust
Agreement, thereby becoming a Secondary Pledgee. All Parties hereto confirm that the validity of any of the Secondary Pledges constituted hereunder shall not be affected by the Security Trustee acting as proxy without power of attorney for each
Future Secondary Pledgee. 

	3.	INDEPENDENT SECONDARY PLEDGES 

  

	 	(a)	The validity and effect of each of the Secondary Pledges shall be independent from the validity and the effect of any of (i) the other Secondary Pledges created
hereunder and (ii) any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and the Existing Supplemental Senior Share Pledge Agreement and is in addition,
and without any prejudice, to any other Security which any and all of the Secondary Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Secondary Pledges to each of the Secondary Pledgees shall be separate and individual
second ranking pledges. Each of the Secondary Pledges shall rank pari passu to each other Secondary Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact, that the Shares have already been pledged pursuant to the Existing Senior Share Pledge Agreement, the Existing Second Ranking High
Yield Share Pledge Agreement and the Existing Senior Supplemental Share Pledge Agreement, shall not in any way prejudice the creation of the Secondary Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common
understanding that they rank behind (nachrangig) to any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and the Existing Supplemental Senior Share
Pledge Agreement, as long as any security interest constituted under the Existing Senior Share Pledge Agreement and/or the Existing Second Ranking High Yield Share Pledge Agreement and/or the Existing Supplemental Senior Share Pledge Agreement are
in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Secondary Pledges, to the extent the Secondary Pledges relate to monetary receivables, is limited by operation of law as long as it is
encumbered with any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and/or the Existing Senior Supplemental Share Pledge Agreement.

  

	 	(c)	The Parties further acknowledge that any provision dealing with the enforcement of any Secondary Pledge made in the Priority Agreement shall apply.

  

	 	(d)	Any security interest and pledge constituted under any of the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and
the Existing Senior Supplemental Share Pledge Agreement and any other term and agreement of any of Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and the Existing Senior Supplemental Share
Pledge Agreement shall remain unaffected by the terms of and any security interest constituted under this Agreement. 

  

	4.	SECURITY PURPOSE 

 The
Secondary Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DIVIDENDS 

  

	5.1	Extent of the Pledge 

 The
Secondary Pledge constituted by this Agreement includes the present and future rights to receive 
  

	 	(a)	dividends, if any, payable on the Shares; 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of a shareholder of the Company, the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with the Shares; and 

 

	 	(c)	the right to subscribe for newly issued shares. 

  

	5.2	Entitlement to Receive Dividend Payments 

Notwithstanding that the dividends are pledged hereunder, the Pledgor shall be entitled to receive and retain all dividend payments in
respect of the Shares until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that according to the Credit Agreement any dividend payments in respect of the Shares are no
longer permitted to be made to the Pledgor, in which case the payments are to be made to the Security Trustee. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	dividends paid or payable to the Pledgor other than in cash and other property received (Sachdividenden), receivable or otherwise distributed in respect of or in
exchange for the Shares; 

  

	 	(b)	dividends or other distributions paid or payable to the Pledgor in cash in respect of the Shares in connection with the partial or total liquidation or dissolution or
in connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Shares; 

 

	 	(d)	dividends paid to the Security Trustee in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Trustee for itself and for the other Secondary Pledgees to be held as security
and shall, if received by the Pledgor, be received as holder for the Secondary Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Trustee for itself and for the Secondary Pledgees as
security in the same form as so received (with any necessary endorsement). Any further reaching obligations of the Company and/or the Pledgor in respect of the use of profits and/or dividends shall not be affected by this Clause 5.3. 

 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Shares remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 8.1 below. The Pledgor shall at all times until the full and complete satisfaction of all Secured Claims or
the release of the Secondary Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Secondary Pledges are not in any way adversely affected. 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Secondary Pledgees or the security purpose as described in Clause 4 hereof or defeat, impair or
circumvent the rights of the Secondary Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Secondary Pledgees promptly of all other actions concerning the Company which might adversely affect the
security interest of the Secondary Pledgees. In particular, the Pledgor shall notify the Secondary Pledgees forthwith of any shareholders’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect
upon the Secondary Pledges. In any event the Secondary Pledgees shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary shareholders’ meeting setting forth the agenda (to the
extent it relates to such resolution) and all applications and decisions to be taken and the minutes of any such shareholders’ meeting (in each case to the extent they relate to such resolution). 

 

	7.	ENFORCEMENT OF SECONDARY PLEDGES 

  

	7.1	Secondary Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Secondary Pledgees may enforce any of the Secondary Pledges (or any part thereof), through the Security Trustee by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases
notwithstanding § 1277 of the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Trustee shall notify the Pledgor of the intention to realise any of the Secondary Pledges over the Shares not less than 5 (five) Business Days before the
date on which the respective Secondary Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public
auction shall be sufficient. The public auction may be held at any place in Germany which will be determined by the Security Trustee. 

  

	 	(c)	If the Security Trustee should seek to enforce any of the Secondary Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at its own
expense, render forthwith all assistance necessary in order to facilitate the prompt sale of the Shares or any part thereof and/or the exercise by the Security Trustee of any other right the Secondary Pledgees may have under German law.

  

	 	(d)	The Secondary Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Secondary Pledgees shall at all times until the full and
complete satisfaction of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

 

	 	(e)	 In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Secondary Pledges, no rights of the Secondary Pledgees
shall pass to the Pledgor by subrogation or otherwise unless and until all of the Secured Claims have been satisfied and 

	 	 
discharged in full. Until then, the Security Trustee shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims, notwithstanding its right to seek
satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Secondary Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Shares may be applied by the Security Trustee in satisfaction in whole or in part of the Secured Claims notwithstanding the Secondary Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of any of the Secondary Pledges shall be applied by the Security Trustee towards the satisfaction of the Secured Claims,
subject to, and in accordance with, the relevant provisions of the Priority Agreement. 

  

	 	(b)	The Security Trustee may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Trustee shall confirm to the Pledgor upon request that the
Shares are released from the Secondary Pledges and retransfer to the Pledgor any documents received by the Security Trustee or any designee pursuant to Clause 8.1(e) hereof. 

 

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Trustee promptly of any change in the shareholding in, or the capital contributions to, the Company or of any change in the shareholders’
agreement (Gesellschaftsvertrag) or the registration of the Company in the Commercial Register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Trustee promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Shares; 

 

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

 

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

	 	(f)	if the Secondary Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Shares which are subject to
this Agreement and the exercise of all powers, authorities and discretions vested in the Security Trustee, 

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

  

	 	(g)	at the Security Trustee’s reasonable request, to furnish to the Security Trustee such information concerning the Shares as is available to the Pledgor, to permit
the Security Trustee and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Shares on reasonable notice and during normal business hours, and,
upon the reasonable request of the Security Trustee, to deliver to the Security Trustee copies of all such records and papers; 

  

	 	(h)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Secondary Pledges or the effect of which results in
the Shares ceasing to exist; and 

  

	 	(i)	that all Future Shares will be fully paid and that there will be no obligation for a shareholder to make additional contributions. 

 

	8.2	Secondary Pledges over all Shares 

The Security Trustee may at all times for itself and for the Secondary Pledgees request to hold a pledge over all Shares held by the
Pledgor (and in the case of a merger an equivalent security interest over the shares in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Secondary Pledgees that: 

 

	 	(a)	the Existing Shares pledged hereunder are the only shares in the Company in existence at the date hereof; 

 

	 	(b)	the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing Shares;

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Shares are fully paid and there is no obligation for the Pledgor to make additional contributions; and 

 

	 	(e)	the Existing Shares are, except for any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share
Pledge Agreement and the Existing Senior Supplemental Share Pledge Agreement, free from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for shares in the Company; and 

  

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

	10.	RELEASE OF SECURITY 

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

 

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Trustee nor the Secondary Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of
such loss or damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Trustee or of any of the Secondary Pledgees. 

 

	11.2	Indemnification 

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

 

	11.3	This Clause 11 (Indemnity) shall survive the termination of this Agreement under Clause 12.1 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Secondary Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	12.2	Continuing Security 

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

	12.3	Independence 

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

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular, the Secondary Pledges shall not be affected and shall in any
event extend to any and all Shares in the Company even if the number or nominal value of the Existing Shares or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Trustee or the Secondary Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies
provided by law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Secondary Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Trustee and/or the Secondary Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or
facsimile number of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Trustee from time to time.

  

	16.2	Language 

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

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

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

 

	17.2	Jurisdiction 

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

	18.	NOTIFICATION 

 The Pledgor
and the Secondary Pledgees hereby instruct and authorise the undersigned notary public to notify the Company of the Secondary Pledges by means of forwarding a certified copy of this Agreement to the Company by registered mail (return receipt
requested). 
 In order to create a second ranking pledge over the Shares in favour of the Secondary Pledgees, the undersigned
notary public is herewith instructed to only effect the notification of this Secondary Pledge after he has duly received the confirmation that the Company has duly received the notification of the Existing Supplemental Senior Share Pledge Agreement.

 APPENDIX C. 2 

SUPPLEMENTAL SECONDARY SHARE PLEDGE 

AGREEMENT 

RELATING TO THE SHARES IN 

KABEL DEUTSCHLAND VERWALTUNGS GMBH 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND GMBH 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Trustee 

and 

LAW DEBENTURE TRUST COMPANY OF NEW YORK 

as High Yield Notes Trustee 

and 

THE FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 	  	 	  	Page
		
	 Clause
	  	
			
	1.	  	Interpretation	  	10
	2.	  	Secondary Pledges	  	14
	3.	  	Independent Secondary Pledges	  	15
	4.	  	Security Purpose	  	15
	5.	  	Dividends	  	15
	6.	  	Exercise of Voting Rights	  	16
	7.	  	Enforcement of Secondary Pledges	  	17
	8.	  	Undertakings of the Pledgor	  	18
	9.	  	Representations and Warranties	  	19
	10.	  	Release of Security	  	20
	11.	  	Indemnity	  	20
	12.	  	Duration and Independence	  	20
	13.	  	Costs and Expenses	  	21
	14.	  	Partial Invalidity; Waiver	  	21
	15.	  	Amendments	  	21
	16.	  	Notices and their Language	  	21
	17.	  	Applicable Law; Jurisdiction	  	22
	18.	  	Notification	  	22

 THIS SUPPLEMENTAL SECONDARY SHARE PLEDGE AGREEMENT (the Agreement) is made on 4 February
2010 
 BETWEEN: 
  

	(1)	KABEL DEUTSCHLAND GMBH, a limited liability company (Gesellschaft mit beschränker Haftung) incorporated under the laws of Germany, having its
corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837,

 (the Pledgor) 

on one side; and 
  

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

(the Security Trustee); 
  

	(3)	 LAW DEBENTURE TRUST COMPANY OF NEW YORK, a limited purpose trust company organised under the laws of the State of New York, 767 Third Avenue, 31
st Floor, New York, NY 10017,

 (the High Yield Notes Trustee); and 

 

	(4)	THE FINANCE PARTIES as defined below in Clause 1.1 (Definitions). 

on the other side. 

The Security Trustee and the High Yield Notes Trustee are hereinafter referred to individually as an Original Secondary Pledgee and
together as the Original Secondary Pledgees. 
 The Pledgor and the Secondary Pledgees (as defined below) are hereinafter
collectively referred to as the Parties. 
 WHEREAS: 

 

	(A)	The Pledgor issued the High Yield Notes (as defined below) pursuant to the High Yield Indenture (as defined below) on the Issue Dates (as defined below).

  

	(B)	The security interests given on 1 July 2004 and on 27 July 2004 by, amongst others, the Pledgor to Deutsche Bank AG London as security trustee and Law
Debenture Trust Company of New York as high yield notes trustee on a second ranking basis have been released as of the date hereof and shall now be re-taken subject to and in accordance with the terms of the Priority Agreement (as defined below).

  

	(C)	According to the terms of an amendment agreement to the Priority Agreement (as defined below) Deutsche Bank AG London as former security trustee has resigned and the
new Security Trustee has assumed this position. 

	(D)	Under the Priority Agreement (as defined below), the Security Trustee is the joint and several creditor of each and every payment obligation of the Obligors towards the
High Yield Noteholders and/or the High Yield Notes Trustee under the Finance Documents (each as defined below). The High Yield Notes Trustee has acceded to the Priority Agreement by means of an accession agreement entered into on or about
2 July 2004 by, amongst others, the Security Trustee and the High Yield Notes Trustee, acting for itself and on behalf of the High Yield Noteholders (as defined below). 

 

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

  

	(F)	In connection with the granting of supplemental security in connection with the Credit Agreement Amendment Letter, the Pledgor has accepted to enter into this
Agreement. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

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

Additional High Yield Guarantor means a member of the Group which becomes a high yield guarantor under the Finance Documents after
the date of their execution. 
 Approved Additional High Yield Guarantor means any Additional High Yield Guarantor whose
obligations under the Finance Documents have after the date of their execution been specified by the relevant Finance Party to be secured by this Agreement. 

Business Day means each day that is not (i) a Saturday or a Sunday or (ii) any other day on which banking institutions in
Luxembourg City, Luxembourg, London, United Kingdom, Frankfurt am Main, Germany or New York, New York are authorised or required by law to close. 

Company means Kabel Deutschland Verwaltungs GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung)
incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under
registration number HRB 145835. 
 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended
and restated by an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Trustee, KDVS and
KDG providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 add-on facilities. 
 Dollar, dollar
or $ means the currency of the United States of America. 

 Dollar Notes means $ 610,000,000 aggregate principal amount of 10.625 %
dollar-denominated senior notes due 2014 or any other dollar-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any dollar-denominated Exchange Securities). 

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

Euro Notes means Euro 250,000,000 aggregate principal amount of 10.750 % euro-denominated senior notes due 2014 or any other
euro-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any euro-denominated Exchange Securities). 

Exchange Securities means the dollar and/or euro denominated debt securities issued and delivered by KDG in exchange for the
Initial Securities to the holders of transfer restricted securities pursuant to the High Yield Indenture as contemplated by the High Yield Registration Rights Agreement. 

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

Existing Shares means the shares set forth in Clause 2.1. 

Existing Senior Share Pledge Agreement means the relevant share pledge agreement between, amongst others, the Pledgor and the
Security Trustee and others as pledgees under the notarial deed (roll of deeds No. G 240/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Share Pledge Agreement means the share pledge agreement between, amongst others, the Pledgor and
the Security Trustee and others as pledgees under the notarial deed (roll of deeds No. G 242/2006 of notary public Dr. Peter Gamon with his offices in frankfurt a.m., germany) dated 11/12 may 2006. 

Existing Supplemental Senior Share Pledge Agreement means the supplemental share pledge agreement relating to the shares in
Kabel Deutschland Verwaltungs GmbH and Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH dated the date of this Agreement between, amongst others, Kabel Deutschland GmbH as pledgor and The Royal Bank of Scotland as security agent
and others as pledgees. 
 Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankurt, a public limited
company, having its registered office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt
Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Finance Document means: 
  

	 	(a)	the High Yield Notes; 

  

	 	(b)	the Exchange Securities; 

  

	 	(c)	the High Yield Indenture; 

  

	 	(d)	each Security Document; 

	 	(e)	the Priority Agreement; or 

  

	 	(f)	any other document designated as such by the Security Trustee and KDG. 

Finance Party means each of the Security Trustee, the High Yield Notes Trustee and any other person becoming a security trustee or
a high yield notes trustee under the High Yield Indenture (together the Finance Parties). 
 Future Shares means
any and all shares in the Company issued in addition to the Existing Shares which the Pledgor may acquire and/or receive otherwise in future (including shares newly issued by way of capital increase (Kapitalerhöhung) or by any other
cause at law). 
 Future Secondary Pledgee means a Finance Party (other than the Security Trustee and the High Yield Notes
Trustee). 
 Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries. 

High Yield Guarantor means (i) KDVS or (ii) an Approved Additional High Yield Guarantor (together the High Yield
Guarantors). 
 High Yield Indenture means the indenture dated on or about 2nd July, 2004, made between, amongst
others, KDG, KDVS as High Yield Guarantor, the High Yield Notes Trustee, the Security Trustee and any other High Yield Guarantor relating to the issue of the High Yield Notes by KDG, and including any supplemental indenture entered into, amongst
others, by KDG with respect to the High Yield Indenture. 
 High Yield Notes means the Euro Notes and the Dollar Notes
issued pursuant to the High Yield Indenture. 
 High Yield Noteholders means each of the holders of the High Yield Notes.

 High Yield Registration Rights Agreement means the registration rights agreement dated on or about 2nd July, 2004,
made between, amongst others, KDVS, KDG the High Yield Guarantors and Deutsche Bank AG London, Morgan Stanley & Co. International Limited, Citigroup Global Markets Limited, Goldman Sachs International and ABN Amro Bank N.V. relating to the
offer to exchange transfer restricted Initial Securities into a like aggregate amount of the Exchange Securities or the shelf registration of such Initial Securities. 

Initial Securities means each of the Euro Notes and Dollar Notes. 

Issue Date means each of the date on or about 2nd July, 2004 and any date thereafter on which High Yield Notes are issued
under the High Yield Indenture (together the Issue Dates). 
 KDG means Kabel Deutschland GmbH a limited liability
company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the
local court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDVS means Kabel Deutschland Vertrieb und
Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

 Mandated Lead Arranger means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a High Yield Guarantor (together the Obligors). 
 Party means each of the Pledgor and the Secondary Pledgees
(together the Parties). 
 Priority Agreement means the priority agreement originally dated 29 March 2004, as
amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Mandated Lead Arrangers, the Facility Agent, the Security Trustee and certain other creditors of the Group. 

Secondary Pledge means any and all pledges constituted under this Agreement. 

Secondary Pledgee means an Original Secondary Pledgee or a Future Secondary Pledgee (together the Secondary Pledgees).

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

Security Documents means any mortgages, pledges, assignments, transfers or other documents creating security for the obligations of
the Obligors under the Finance Documents. 
 Security Trust Agreement means the security trust agreement dated 12 May
2006 between, amongst others, KDG and KDVS as security grantors, the Security Trustee and the other Finance Parties pursuant to which, inter alia, the Security Trustee has been appointed to act as trustee (Treuhänder) under German law in
relation to any German law governed Security Document. 
 Shares means the Existing Shares and the Future Shares.

 Subsidiary means any of: 
  

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

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

 

	1.2	Construction 

  

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

  

	 	(i)	the Security Trustee means the Security Trustee acting as agent for and on behalf of the Secondary Pledgees unless otherwise provided herein; and

  

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

 

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

 

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

 

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

  

	 	(k)	Whenever in this Agreement reference is made to the Security Trustee such reference shall be deemed to be a reference to the Security Trustee acting as trustee for and
on behalf of the Secondary Pledgees, unless otherwise provided herein. 

  

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

 

	2.	SECONDARY PLEDGES 

  

	2.1	Pledged Shares 

  

	 	(a)	The Pledgor is the sole shareholder of the Company. 

  

	 	(b)	The total registered share capital (Stammkapital) of the Company amounts to 25,000 Euro (in words: Euro twenty five thousand). At present, the Pledgor holds all
shares in the Company in an aggregate amount of EUR 25,000 (in words: Euro twenty five thousand) (the Existing Shares). There are no other shares in the Company. 

 

	 	(c)	The Existing Shares are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Secondary Pledges 

  

	 	(a)	The Pledgor hereby pledges the Shares to each Original Secondary Pledgee and to each Future Secondary Pledgee for their rateable interest as Security.

  

	 	(b)	Each of the Original Secondary Pledgees hereby accepts the Secondary Pledge. In addition, the Security Trustee accepts each of the Secondary Pledges for and on behalf
of each Future Secondary Pledgee hereunder as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Secondary Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust
Agreement, thereby becoming a Secondary Pledgee. All Parties hereto confirm that the validity of any of the Secondary Pledges constituted hereunder shall not be affected by the Security Trustee acting as proxy without power of attorney for each
Future Secondary Pledgee. 

	3.	INDEPENDENT SECONDARY PLEDGES 

  

	 	(a)	The validity and effect of each of the Secondary Pledges shall be independent from the validity and the effect of any of (i) the other Secondary Pledges created
hereunder and (ii) any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and the Existing Supplemental Senior Share Pledge Agreement and is in addition,
and without any prejudice, to any other Security which any and all of the Secondary Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Secondary Pledges to each of the Secondary Pledgees shall be separate and individual
second ranking pledges. Each of the Secondary Pledges shall rank pari passu to each other Secondary Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact, that the Shares have already been pledged pursuant to the Existing Senior Share Pledge Agreement, the Existing Second Ranking High
Yield Share Pledge Agreement and the Existing Senior Supplemental Share Pledge Agreement, shall not in any way prejudice the creation of the Secondary Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common
understanding that they rank behind (nachrangig) to any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and the Existing Supplemental Senior Share
Pledge Agreement, as long as any security interest constituted under the Existing Senior Share Pledge Agreement and/or the Existing Second Ranking High Yield Share Pledge Agreement and/or the Existing Supplemental Senior Share Pledge Agreement are
in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Secondary Pledges, to the extent the Secondary Pledges relate to monetary receivables, is limited by operation of law as long as it is
encumbered with any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and/or the Existing Senior Supplemental Share Pledge Agreement.

  

	 	(c)	The Parties further acknowledge that any provision dealing with the enforcement of any Secondary Pledge made in the Priority Agreement shall apply.

  

	 	(d)	Any security interest and pledge constituted under any of the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and
the Existing Senior Supplemental Share Pledge Agreement and any other term and agreement of any of Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and the Existing Senior Supplemental Share
Pledge Agreement shall remain unaffected by the terms of and any security interest constituted under this Agreement. 

  

	4.	SECURITY PURPOSE 

 The
Secondary Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DIVIDENDS 

  

	5.1	Extent of the Pledge 

 The
Secondary Pledge constituted by this Agreement includes the present and future rights to receive 
  

	 	(a)	dividends, if any, payable on the Shares; 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of a shareholder of the Company, the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with the Shares; and 

 

	 	(c)	the right to subscribe for newly issued shares. 

  

	5.2	Entitlement to Receive Dividend Payments 

Notwithstanding that the dividends are pledged hereunder, the Pledgor shall be entitled to receive and retain all dividend payments in
cash in respect of the Shares until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that according to the Credit Agreement any dividend payments in respect of the
Shares are no longer permitted to be made to the Pledgor, in which case the payments are to be made to the Security Trustee. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	dividends paid or payable to the Pledgor other than in cash and other property received (Sachdividenden), receivable or otherwise distributed in respect of or in
exchange for the Shares; 

  

	 	(b)	dividends or other distributions paid or payable to the Pledgor in cash in respect of the Shares in connection with the partial or total liquidation or dissolution or
in connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Shares; 

 

	 	(d)	dividends paid to the Security Trustee in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Trustee for itself and for the other Secondary Pledgees to be held as security
and shall, if received by the Pledgor, be received as holder for the Secondary Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Trustee for itself and for the Secondary Pledgees as
security in the same form as so received (with any necessary endorsement). Any further reaching obligations of the Company and/or the Pledgor in respect of the use of profits and/or dividends shall not be affected by this Clause 5.3. 

 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Shares remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 8.1 below. The Pledgor shall at all times until the full and complete satisfaction of all Secured Claims or
the release of the Secondary Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Secondary Pledges are not in any way adversely affected. 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Secondary Pledgees or the security purpose as described in Clause 4 hereof or defeat, impair or
circumvent the rights of the Secondary Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Secondary Pledgees promptly of all other actions concerning the Company which might adversely affect the
security interest of the Secondary Pledgees. In particular, the Pledgor shall notify the Secondary Pledgees forthwith of any shareholders’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect
upon the Secondary Pledges. In any event the Secondary Pledgees shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary shareholders’ meeting setting forth the agenda (to the
extent it relates to such resolution) and all applications and decisions to be taken and the minutes of any such shareholders’ meeting (in each case to the extent they relate to such resolution). 

 

	7.	ENFORCEMENT OF SECONDARY PLEDGES 

  

	7.1	Secondary Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Secondary Pledgees may enforce any of the Secondary Pledges (or any part thereof), through the Security Trustee by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases
notwithstanding § 1277 of the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Trustee shall notify the Pledgor of the intention to realise any of the Secondary Pledges over the Shares not less than 5 (five) Business Days before the
date on which the respective Secondary Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public
auction shall be sufficient. The public auction may be held at any place in Germany which will be determined by the Security Trustee. 

  

	 	(c)	If the Security Trustee should seek to enforce any of the Secondary Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at its own
expense, render forthwith all assistance necessary in order to facilitate the prompt sale of the Shares or any part thereof and/or the exercise by the Security Trustee of any other right the Secondary Pledgees may have under German law.

  

	 	(d)	The Secondary Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Secondary Pledgees shall at all times until the full and
complete satisfaction of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

 

	 	(e)	 In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Secondary Pledges, no rights of the Secondary Pledgees
shall pass to the Pledgor by subrogation or otherwise unless and until all of the Secured Claims have been satisfied and 

	 	 
discharged in full. Until then, the Security Trustee shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims, notwithstanding its right to seek
satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Secondary Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Shares may be applied by the Security Trustee in satisfaction in whole or in part of the Secured Claims notwithstanding the Secondary Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of any of the Secondary Pledges shall be applied by the Security Trustee towards the satisfaction of the Secured Claims,
subject to, and in accordance with, the relevant provisions of the Priority Agreement. 

  

	 	(b)	The Security Trustee may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Trustee shall confirm to the Pledgor upon request that the
Shares are released from the Secondary Pledges and retransfer to the Pledgor any documents received by the Security Trustee or any designee pursuant to Clause 8.1(e) hereof. 

 

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Trustee promptly of any change in the shareholding in, or the capital contributions to, the Company or of any change in the shareholders’
agreement (Gesellschaftsvertrag) or the registration of the Company in the Commercial Register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Trustee promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Shares; 

 

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

 

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

	 	(f)	if the Secondary Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Shares which are subject to
this Agreement and the exercise of all powers, authorities and discretions vested in the Security Trustee, 

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

  

	 	(g)	at the Security Trustee’s reasonable request, to furnish to the Security Trustee such information concerning the Shares as is available to the Pledgor, to permit
the Security Trustee and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Shares on reasonable notice and during normal business hours, and,
upon the reasonable request of the Security Trustee, to deliver to the Security Trustee copies of all such records and papers; 

  

	 	(h)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Secondary Pledges or the effect of which results in
the Shares ceasing to exist; and 

  

	 	(i)	that all Future Shares will be fully paid and that there will be no obligation for a shareholder to make additional contributions. 

 

	8.2	Secondary Pledges over all Shares 

The Security Trustee may at all times for itself and for the Secondary Pledgees request to hold a pledge over all Shares held by the
Pledgor (and in the case of a merger an equivalent security interest over the shares in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Secondary Pledgees that: 

 

	 	(a)	the Existing Shares pledged hereunder are the only shares in the Company in existence at the date hereof; 

 

	 	(b)	the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing Shares;

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Shares are fully paid and there is no obligation for the Pledgor to make additional contributions; and 

 

	 	(e)	(i) the Existing Shares are, except for any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share
Pledge Agreement and the Existing Senior Supplemental Share Pledge Agreement, free from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for shares in the Company; and 

  

	 	(g)	(iii) there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

	10.	RELEASE OF SECURITY 

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

 

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Trustee nor the Secondary Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of
such loss or damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Trustee or of any of the Secondary Pledgees. 

 

	11.2	Indemnification 

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

 

	11.3	This Clause 11 (Indemnity) shall survive the termination of this Agreement under Clause 12.1 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Secondary Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	12.2	Continuing Security 

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

	12.3	Independence 

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

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular, the Secondary Pledges shall not be affected and shall in any
event extend to any and all Shares in the Company even if the number or nominal value of the Existing Shares or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Trustee or the Secondary Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies
provided by law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Secondary Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Trustee and/or the Secondary Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or
facsimile number of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Trustee from time to time.

  

	16.2	Language 

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

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

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

 

	17.2	Jurisdiction 

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

	18.	NOTIFICATION 

 The Pledgor
and the Secondary Pledgees hereby instruct and authorise the undersigned notary public to notify the Company of the Secondary Pledges by means of forwarding a certified copy of this Agreement to the Company by registered mail (return receipt
requested). 
 In order to create a second ranking pledge over the Shares in favour of the Secondary Pledgees, the undersigned
notary public is herewith instructed to only effect the notification of this Secondary Pledge after he has duly received the confirmation that the Company has duly received the notification of the Existing Supplemental Senior Share Pledge Agreement.

 APPENDIX C. 3 

SUPPLEMENTAL SECONDARY SHARE PLEDGE 

AGREEMENT 

RELATING TO THE SHARES IN 

KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS VERWALTUNGS GMBH 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Trustee 

and 

LAW DEBENTURE TRUST COMPANY OF NEW YORK 

as High Yield Notes Trustee 

and 

THE FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 	  	 	  	Page
	 Clause
	  	
			
	 1.
	  	Interpretation	  	42
	 2.
	  	Secondary Pledges	  	46
	 3.
	  	Independent Secondary Pledges	  	47
	 4.
	  	Security Purpose	  	48
	 5.
	  	Dividends	  	48
	 6.
	  	Exercise of Voting Rights	  	49
	 7.
	  	Enforcement of Secondary Pledges	  	49
	 8.
	  	Undertakings of the Pledgor	  	50
	 9.
	  	Representations and Warranties	  	51
	 10.
	  	Release of Security	  	52
	 11.
	  	Indemnity	  	52
	 12.
	  	Duration and Independence	  	52
	 13.
	  	Costs and Expenses	  	53
	 14.
	  	Partial Invalidity; Waiver	  	53
	 15.
	  	Amendments	  	53
	 16.
	  	Notices and their Language	  	54
	 17.
	  	Maintenance of Liable Capital	  	54
	 18.
	  	Applicable Law; Jurisdiction	  	55
	 19.
	  	Notification	  	55

 THIS SUPPLEMENTAL SECONDARY SHARE PLEDGE AGREEMENT (the Agreement) is made on 4 February
2010 
 BETWEEN: 
  

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

 (the Pledgor) 

on one side; and 
  

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

(the Security Trustee); 
  

	(3)	 LAW DEBENTURE TRUST COMPANY OF NEW YORK, a limited purpose trust company organised under the laws of the State of New York, 767 Third Avenue, 31
st Floor, New York, NY 10017,

 (the High Yield Notes Trustee); and 

 

	(4)	THE FINANCE PARTIES as defined below in Clause 1.1 (Definitions). 

on the other side. 

The Security Trustee and the High Yield Notes Trustee are hereinafter referred to individually as an Original Secondary Pledgee and
together as the Original Secondary Pledgees. 
 The Pledgor and the Secondary Pledgees (as defined below) are hereinafter
collectively referred to as the Parties. 
 WHEREAS: 

 

	(A)	The Pledgor issued the High Yield Notes (as defined below) pursuant to the High Yield Indenture (as defined below) on the Issue Dates (as defined below).

  

	(B)	The security interests given on 1 July 2004 and on 27 July 2004 by, amongst others, the Pledgor to Deutsche Bank AG London as security trustee and Law
Debenture Trust Company of New York as high yield notes trustee on a second ranking basis have been released as of the date hereof and shall now be re-taken subject to and in accordance with the terms of the Priority Agreement (as defined below).

	(C)	According to the terms of an amendment agreement to the Priority Agreement (as defined below) Deutsche Bank AG London as former security trustee has resigned and the
new Security Trustee has assumed this position. 

  

	(D)	Under the Priority Agreement (as defined below), the Security Trustee is the joint and several creditor of each and every payment obligation of the Obligors towards the
High Yield Noteholders and/or the High Yield Notes Trustee under the Finance Documents (each as defined below). The High Yield Notes Trustee has acceded to the Priority Agreement by means of an accession agreement entered into on or about
2 July 2004 by, amongst others, the Security Trustee and the High Yield Notes Trustee, acting for itself and on behalf of the High Yield Noteholders (as defined below). 

 

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

  

	(F)	In connection with the granting of supplemental security in connection with the Credit Agreement Amendment Letter, the Pledgor has accepted to enter into this
Agreement. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

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

Additional High Yield Guarantor means a member of the Group which becomes a high yield guarantor under the Finance Documents after
the date of their execution. 
 Approved Additional High Yield Guarantor means any Additional High Yield Guarantor whose
obligations under the Finance Documents have after the date of their execution been specified by the relevant Finance Party to be secured by this Agreement. 

Business Day means each day that is not (i) a Saturday or a Sunday or (ii) any other day on which banking institutions in
Luxembourg City, Luxembourg, London, United Kingdom, Frankfurt am Main, Germany or New York, New York are authorised or required by law to close. 

Company means Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH, a limited liability company (Gesellschaft mit
beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRB 153401. 
 Credit Agreement means the senior credit agreement
dated 13 March 2006, as amended and restated by an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility
Agent, the Security Trustee, KDVS and KDG providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 add-on facilities. 

 Dollar, dollar or $ means the currency of the United States of America. 

Dollar Notes means $ 610,000,000 aggregate principal amount of 10.625 % dollar-denominated senior notes due 2014 or any other
dollar-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any dollar-denominated Exchange Securities). 

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

Euro Notes means Euro 250,000,000 aggregate principal amount of 10.750 % euro-denominated senior notes due 2014 or any other
euro-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any euro-denominated Exchange Securities). 

Exchange Securities means the dollar and/or euro denominated debt securities issued and delivered by KDG in exchange for the
Initial Securities to the holders of transfer restricted securities pursuant to the High Yield Indenture as contemplated by the High Yield Registration Rights Agreement. 

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

Existing Shares means the shares set forth in Clause 2.1. 

Existing Senior Share Pledge Agreement means the relevant share pledge agreement between, amongst others, the Pledgor and the
Security Trustee and others as pledgees under the notarial deed (roll of deeds No. G 240/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Share Pledge Agreement means the share pledge agreement between, amongst others, the Pledgor and
the Security Trustee and others as pledgees under the notarial deed (roll of deeds No. G 242/2006 of notary public Dr. Peter gamon with his offices in frankfurt a.m., germany) dated 11/12 may 2006. 

Existing Supplemental Senior Share Pledge Agreement means the supplemental share pledge agreement relating to the shares in Kabel
Deutschland Vermögen Beteiligungs Verwaltungs GmbH, Kabel Deutschland Breitband Services GmbH, TKS Telepost Kabel-Service Kaiserslautern Beteiligungs-GmbH, Kabelcom Braunschweig Gesellschaft Für Breitbandkabel-Kommunikation Mit
Beschränkter Haftung, Kabelcom Wolfsburg Gesellschaft Für Breitbandkabel-Kommunikation Mit Beschränkter Haftung dated the date of this Agreement between, amongst others, Kabel Deutschland Vertrieb und Service Beteiligungs
GmbH & Co. KG as pledgor and The Royal Bank of Scotland as security agent and others as pledgees. 
 Facility Agent
means The Royal Bank of Scotland plc, Niederlassung Frankurt, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the
Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstrasse 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of
Frankfurt a.M. under registration number HRB 49147. 

 Finance Document means: 

 

	 	(a)	the High Yield Notes; 

  

	 	(b)	the Exchange Securities; 

  

	 	(c)	the High Yield Indenture; 

  

	 	(d)	each Security Document; 

  

	 	(e)	the Priority Agreement; or 

  

	 	(f)	any other document designated as such by the Security Trustee and KDG. 

Finance Party means each of the Security Trustee, the High Yield Notes Trustee and any other person becoming a security trustee or
a high yield notes trustee under the High Yield Indenture (together the Finance Parties). 
 Future Shares means
any and all shares in the Company issued in addition to the Existing Shares which the Pledgor may acquire and/or receive otherwise in future (including shares newly issued by way of capital increase (Kapitalerhöhung) or by any other
cause at law). 
 Future Secondary Pledgee means a Finance Party (other than the Security Trustee and the High Yield Notes
Trustee). 
 Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries. 

High Yield Guarantor means (i) KDVS or (ii) an Approved Additional High Yield Guarantor (together the High Yield
Guarantors). 
 High Yield Indenture means the indenture dated on or about 2nd July, 2004, made between, amongst
others, KDG, KDVS as High Yield Guarantor, the High Yield Notes Trustee, the Security Trustee and any other High Yield Guarantor relating to the issue of the High Yield Notes by KDG, and including any supplemental indenture entered into, amongst
others, by KDG with respect to the High Yield Indenture. 
 High Yield Notes means the Euro Notes and the Dollar Notes
issued pursuant to the High Yield Indenture. 
 High Yield Noteholders means each of the holders of the High Yield Notes.

 High Yield Registration Rights Agreement means the registration rights agreement dated on or about 2nd July, 2004,
made between, amongst others, KDVS, KDG the High Yield Guarantors and Deutsche Bank AG London, Morgan Stanley & Co. International Limited, Citigroup Global Markets Limited, Goldman Sachs International and ABN Amro Bank N.V. relating to the
offer to exchange transfer restricted Initial Securities into a like aggregate amount of the Exchange Securities or the shelf registration of such Initial Securities. 

Initial Securities means each of the Euro Notes and Dollar Notes. 

Issue Date means each of the date on or about 2nd July, 2004 and any date thereafter on which High Yield Notes are issued
under the High Yield Indenture (together the Issue Dates). 

 KDG means Kabel Deutschland GmbH a limited liability company (Gesellschaft mit
beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of
Munich under registration number HRB 145837. 
 KDVS means Kabel Deutschland Vertrieb und Service GmbH & Co. KG,
a limited partnership (Kommanditgesellschaft) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local
court (Amtsgericht) of Munich under registration number HRA 83902. 
 Mandated Lead Arranger means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a High Yield Guarantor (together the Obligors). 
 Party means each of the Pledgor and the Secondary Pledgees
(together the Parties). 
 Priority Agreement means the priority agreement originally dated 29 March 2004, as
amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Mandated Lead Arrangers, the Facility Agent, the Security Trustee and certain other creditors of the Group. 

Secondary Pledge means any and all pledges constituted under this Agreement. 

Secondary Pledgee means an Original Secondary Pledgee or a Future Secondary Pledgee (together the Secondary Pledgees).

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

Security Documents means any mortgages, pledges, assignments, transfers or other documents creating security for the obligations of
the Obligors under the Finance Documents. 
 Security Trust Agreement means the security trust agreement dated 12 May
2006 between, amongst others, KDG and KDVS as security grantors, the Security Trustee and the other Finance Parties pursuant to which, inter alia, the Security Trustee has been appointed to act as trustee (Treuhänder) under German law in
relation to any German law governed Security Document. 

 Shares means the Existing Shares and the Future Shares. 

Subsidiary means any of: 
  

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

 

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

 

	1.2	Construction 

  

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

  

	 	(i)	the Security Trustee means the Security Trustee acting as agent for and on behalf of the Secondary Pledgees unless otherwise provided herein; and

  

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

 

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

 

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

 

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

  

	 	(q)	Whenever in this Agreement reference is made to the Security Trustee such reference shall be deemed to be a reference to the Security Trustee acting as trustee for and
on behalf of the Secondary Pledgees, unless otherwise provided herein. 

  

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

 

	2.	SECONDARY PLEDGES 

  

	2.1	Pledged Shares 

  

	 	(a)	The Pledgor is the sole shareholder of the Company. 

  

	 	(b)	The total registered share capital (Stammkapital) of Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH amounts to Euro 25,000.— (in words:
Euro Twentyfivethousand). The Pledgor holds all shares in Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH in an aggregate amount of Euro 25,000.— (in words: Euro Twentyfivethousand) (the Existing Shares). There are no
other shares in the Company. 

  

	 	(c)	The Existing Shares are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

	2.2	Constitution of Secondary Pledges 

  

	 	(a)	The Pledgor hereby pledges the Shares to each Original Secondary Pledgee and to each Future Secondary Pledgee for their rateable interest as Security.

  

	 	(b)	Each of the Original Secondary Pledgees hereby accepts the Secondary Pledge. In addition, the Security Trustee accepts each of the Secondary Pledges for and on behalf
of each Future Secondary Pledgee hereunder as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Secondary Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust
Agreement, thereby becoming a Secondary Pledgee. All Parties hereto confirm that the validity of any of the Secondary Pledges constituted hereunder shall not be affected by the Security Trustee acting as proxy without power of attorney for each
Future Secondary Pledgee. 

  

	3.	INDEPENDENT SECONDARY PLEDGES 

  

	 	(a)	The validity and effect of each of the Secondary Pledges shall be independent from the validity and the effect of any of (i) the other Secondary Pledges created
hereunder and (ii) any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and the Existing Supplemental Senior Share Pledge Agreement and is in addition,
and without any prejudice, to any other Security which any and all of the Secondary Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Secondary Pledges to each of the Secondary Pledgees shall be separate and individual
second ranking pledges. Each of the Secondary Pledges shall rank pari passu to each other Secondary Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact, that the Shares have already been pledged pursuant to the Existing Senior Share Pledge Agreement, the Existing Second Ranking High
Yield Share Pledge Agreement and the Existing Senior Supplemental Share Pledge Agreement, shall not in any way prejudice the creation of the Secondary Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common
understanding that they rank behind (nachrangig) to any security interest constituted under the Existing Senior Share Pledge Agreements, the Existing Second Ranking High Yield Share Pledge Agreement and the Existing Supplemental Senior Share
Pledge Agreement, as long as any security interest constituted under the Existing Senior Share Pledge Agreement and/or the Existing Second Ranking High Yield Share Pledge Agreement and/or the Existing Supplemental Senior Share Pledge Agreement are
in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Secondary Pledges, to the extent the Secondary Pledges relate to monetary receivables, is limited by operation of law as long as it is
encumbered with any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and/or the Existing Senior Supplemental Share Pledge Agreement.

  

	 	(c)	The Parties further acknowledge that any provision dealing with the enforcement of any Secondary Pledge made in the Priority Agreement shall apply.

  

	 	(d)	Any security interest and pledge constituted under any of the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share Pledge Agreement and
the Existing Senior Supplemental Share Pledge Agreement and any other term and agreement of any of Existing Senior Share Pledge Agreements, the Existing Second Ranking High Yield Share Pledge Agreement and the Existing Senior Supplemental Share
Pledge Agreement shall remain unaffected by the terms of and any security interest constituted under this Agreement. 

	4.	SECURITY PURPOSE 

 The
Secondary Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DIVIDENDS 

  

	5.1	Extent of the Pledge 

 The
Secondary Pledge constituted by this Agreement includes the present and future rights to receive 
  

	 	(a)	dividends, if any, payable on the Shares; 

  

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of a shareholder of the Company, the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with the Shares; and 

 

	 	(c)	the right to subscribe for newly issued shares. 

  

	5.2	Entitlement to Receive Dividend Payments 

Notwithstanding that the dividends are pledged hereunder, the Pledgor shall be entitled to receive and retain all dividend payments in
cash in respect of the Shares until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that according to the Credit Agreement any dividend payments in respect of the
Shares are no longer permitted to be made to the Pledgor, in which case the payments are to be made to the Security Trustee. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	dividends paid or payable to the Pledgor other than in cash and other property received (Sachdividenden), receivable or otherwise distributed in respect of or in
exchange for the Shares; 

  

	 	(b)	dividends or other distributions paid or payable to the Pledgor in cash in respect of the Shares in connection with the partial or total liquidation or dissolution or
in connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Shares; 

 

	 	(d)	dividends paid to the Security Trustee in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Trustee for itself and for the other Secondary Pledgees to be held as security
and shall, if received by the Pledgor, be received as holder for the Secondary Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Trustee for itself and for the Secondary Pledgees as
security in the same form as so received (with any necessary endorsement). Any further reaching obligations of the Company and/or the Pledgor in respect of the use of profits and/or dividends shall not be affected by this Clause 5.3. 

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Shares remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 8.1 below. The Pledgor shall at all times until the full and complete satisfaction of all Secured Claims or
the release of the Secondary Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Secondary Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Secondary Pledgees or the security purpose as described in Clause 4 hereof or defeat, impair or
circumvent the rights of the Secondary Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

 The
Pledgor shall inform the Secondary Pledgees promptly of all other actions concerning the Company which might adversely affect the security interest of the Secondary Pledgees. In particular, the Pledgor shall notify the Secondary Pledgees forthwith
of any shareholders’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect upon the Secondary Pledges. In any event the Secondary Pledgees shall promptly receive, as soon as they are
available, a copy of the convocation notice for such ordinary or extraordinary shareholders’ meeting setting forth the agenda (to the extent it relates to such resolution) and all applications and decisions to be taken and the minutes of any
such shareholders’ meeting (in each case to the extent they relate to such resolution). 
  

	7.	ENFORCEMENT OF SECONDARY PLEDGES 

  

	7.1	Secondary Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Secondary Pledgees may enforce any of the Secondary Pledges (or any part thereof), through the Security Trustee by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases
notwithstanding § 1277 of the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Trustee shall notify the Pledgor of the intention to realise any of the Secondary Pledges over the Shares not less than 5 (five) Business Days before the
date on which the respective Secondary Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such public
auction shall be sufficient. The public auction may be held at any place in Germany which will be determined by the Security Trustee. 

  

	 	(c)	If the Security Trustee should seek to enforce any of the Secondary Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at its own
expense, render forthwith all assistance necessary in order to facilitate the prompt sale of the Shares or any part thereof and/or the exercise by the Security Trustee of any other right the Secondary Pledgees may have under German law.

	 	(d)	The Secondary Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Secondary Pledgees shall at all times until the full and
complete satisfaction of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

 

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Secondary Pledges, no rights of the Secondary Pledgees shall pass to
the Pledgor by subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Trustee shall be entitled to treat all enforcement proceeds as additional collateral for the
Secured Claims, notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Secondary Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Shares may be applied by the Security Trustee in satisfaction in whole or in part of the Secured Claims notwithstanding the Secondary Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of any of the Secondary Pledges shall be applied by the Security Trustee towards the satisfaction of the Secured Claims,
subject to, and in accordance with, the relevant provisions of the Priority Agreement. 

  

	 	(b)	The Security Trustee may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Trustee shall confirm to the Pledgor upon request that the
Shares are released from the Secondary Pledges and retransfer to the Pledgor any documents received by the Security Trustee or any designee pursuant to Clause 8.1(e) hereof. 

 

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Trustee promptly of any change in the shareholding in, or the capital contributions to, the Company or of any change in the shareholders’
agreement (Gesellschaftsvertrag) or the registration of the Company in the Commercial Register other than with respect to holders of a statutory power of attorney (Prokura); 

	 	(b)	to notify the Security Trustee promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Shares; 

 

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

 

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

 

	 	(f)	if the Secondary Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Shares which are subject to
this Agreement and the exercise of all powers, authorities and discretions vested in the Security Trustee, 

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

  

	 	(g)	at the Security Trustee’s reasonable request, to furnish to the Security Trustee such information concerning the Shares as is available to the Pledgor, to permit
the Security Trustee and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Shares on reasonable notice and during normal business hours, and,
upon the reasonable request of the Security Trustee, to deliver to the Security Trustee copies of all such records and papers; 

  

	 	(h)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Secondary Pledges or the effect of which results in
the Shares ceasing to exist; and 

  

	 	(i)	that all Future Shares will be fully paid and that there will be no obligation for a shareholder to make additional contributions. 

 

	8.2	Secondary Pledges over all Shares 

The Security Trustee may at all times for itself and for the Secondary Pledgees request to hold a pledge over all Shares held by the
Pledgor (and in the case of a merger an equivalent security interest over the shares in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Secondary Pledgees that: 

 

	 	(a)	the Existing Shares pledged hereunder are the only shares in the Company in existence at the date hereof; 

 

	 	(b)	the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing Shares;

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

	 	(d)	the Existing Shares are fully paid and there is no obligation for the Pledgor to make additional contributions; and 

 

	 	(e)	(i) the Existing Shares are, except for any security interest constituted under the Existing Senior Share Pledge Agreement, the Existing Second Ranking High Yield Share
Pledge Agreement and the Existing Senior Supplemental Share Pledge Agreement, free from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for shares in the Company; and 

  

	 	(g)	(iii) there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

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

 

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Trustee nor the Secondary Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of
such loss or damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Trustee or of any of the Secondary Pledgees. 

 

	11.2	Indemnification 

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

 

	11.3	This Clause 11 (Indemnity) shall survive the termination of this Agreement under Clause 12.1 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Secondary Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 

	12.2	Continuing Security 

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

	12.3	Independence 

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

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular, the Secondary Pledges shall not be affected and shall in any
event extend to any and all Shares in the Company even if the number or nominal value of the Existing Shares or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Trustee or the Secondary Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies
provided by law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Secondary Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Trustee and/or the Secondary Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or
facsimile number of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Trustee from time to time.

  

	16.2	Language 

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

	17.	MAINTENANCE OF LIABLE CAPITAL 

  

	17.1	Each of the Finance Parties agrees not to enforce any security interest granted under this Agreement against the Pledgor irrespective of whether the Pledgor is
at the time of enforcement incorporated in Germany as a limited liability company (Gesellschaft mit beschränkter Haftung) (a German GmbH Security Grantor) or a limited partnership (Kommanditgesellschaft) of which the
general partner (Komplementär) is a limited liability company (a German GmbH & Co. KG Security Grantor) (a German GmbH Security Grantor or a German GmbH & Co. KG Security Grantor each hereinafter referred to as a
Relevant German Security Grantor), if and to the extent the security interests constituted under this Agreement secure obligations of a shareholder of the Relevant German Security Grantor and/or any German Affiliate (as defined below), in
each case other than any direct or indirect subsidiary of the Relevant German Security Grantor, and, if and to the extent the enforcement of any security interest constituted under this Agreement would cause: 

 

	 	(a)	the German GmbH Security Grantor’s, or in the case of the German GmbH & Co. KG Security Grantor its general partner’s, assets (the calculation of
which shall take into account the captions reflected in § 266 (2) A, B, C, D and E of the German Commercial Code (Handelsgesetzbuch)) less the German GmbH Security Grantor’s, or in case of a German GmbH & Co. KG
Security Grantor its general partner’s, liabilities, provisions and liability reserves (the calculation of which shall take into account the captions reflected in § 266 (3) B, C, D and E of the German Commercial Code) (the Net
Assets) to be less than the registered share capital (Stammkapital) of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor of the registered share capital of its general partner
(Begründung einer Unterbilanz); or 

  

	 	(b)	an increase of a shortfall, if the Net Assets of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor, of its general
partner, already fall short of the amount of the registered share capital (Vertiefung einer Unterbilanz). 

For the purposes of calculating the Net Assets loans and other contractual liabilities incurred in violation of the provisions of the
Finance Documents shall be disregarded. 
  

	17.2	In this Clause 17 (Maintenance of Liable Capital), the term German Affiliate refers to an affiliated company (verbundenes Unternehmen) of the Relevant
German Security Grantor within the meaning of §§ 15 et. seq. of the German Stock Corporation Act (Aktiengesetz). 

	17.3	Furthermore, the Relevant German Security Grantor shall, in a situation where 

 

	 	(a)	it does not have sufficient assets to maintain its capital; and 

  

	 	(b)	the Security Trustee would (but for this Clause) be entitled to enforce the security granted hereunder, 

realise any and all of its assets that (i) are shown in the balance sheet with a book value (Buchwert) which is significantly
lower than the market value of such assets, and (ii) are not necessary for the Relevant Company’s business (betriebsnotwendig). 
  

	17.4	Nothing in this Agreement shall be interpreted as a restriction or limitation of the enforcement of any security interest constituted under this Agreement if and
to the extent such security interest constituted under this Agreement secures own obligations of the relevant German Security Grantor or obligations of any of its direct or indirect subsidiaries. 

 

	18.	APPLICABLE LAW; JURISDICTION 

  

	18.1	Governing Law 

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

 

	18.2	Jurisdiction 

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

	19.	NOTIFICATION 

 The Pledgor
and the Secondary Pledgees hereby instruct and authorise the undersigned notary public to notify the Company of the Secondary Pledges by means of forwarding a certified copy of this Agreement to the Company by registered mail (return receipt
requested). 
 In order to create a second ranking pledge over the Shares in favour of the Secondary Pledgees, the undersigned
notary public is herewith instructed to only effect the notification of this Secondary Pledge after he has duly received the confirmation that the Company has duly received the notification of the Existing Supplemental Senior Share Pledge Agreement.

 APPENDIX C. 4 

SUPPLEMENTAL SECONDARY INTEREST PLEDGE 

AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS GMBH & CO. KG 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND GMBH 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Trustee 

and 

LAW DEBENTURE TRUST COMPANY OF NEW YORK 

as High Yield Notes Trustee 

and 

THE FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 	  	 	  	Page
		
	 Clause
	  	
			
	 1.
	  	Interpretation	  	59
	 2.
	  	Secondary Pledges	  	63
	 3.
	  	Independent Secondary Pledges	  	64
	 4.
	  	Security Purpose	  	64
	 5.
	  	Distributions	  	65
	 6.
	  	Exercise of Voting Rights	  	65
	 7.
	  	Enforcement of Secondary Pledges	  	66
	 8.
	  	Undertakings of the Pledgor	  	67
	 9.
	  	Representations and Warranties	  	68
	 10.
	  	Release of Security	  	69
	 11.
	  	Indemnity	  	69
	 12.
	  	Duration and Independence	  	69
	 13.
	  	Costs and Expenses	  	70
	 14.
	  	Partial Invalidity; Waiver	  	70
	 15.
	  	Amendments	  	70
	 16.
	  	Notices and their Language	  	70
	 17.
	  	Applicable Law; Jurisdiction	  	71
	 18.
	  	Notification	  	71

 THIS SUPPLEMENTAL SECONDARY INTEREST PLEDGE AGREEMENT (the Agreement) is made on
4 February 2010 
 BETWEEN: 
  

	(1)	KABEL DEUTSCHLAND GMBH, a limited liability company (Gesellschaft mit beschränker Haftung) incorporated under the laws of Germany, having its
corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837,

 (the Pledgor) 

on one side; and 
  

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

(the Security Trustee); 
  

	(3)	 LAW DEBENTURE TRUST COMPANY OF NEW YORK, a limited purpose trust company organised under the laws of the State of New York, 767 Third Avenue, 31
st Floor, New York, N.Y. 10017,

 (the High Yield Notes Trustee); and 

 

	(4)	THE FINANCE PARTIES as defined below in Clause 1.1 (Definitions). 

on the other side. 

The Security Trustee and the High Yield Notes Trustee are hereinafter referred to individually as an Original Secondary Pledgee and
together as the Original Secondary Pledgees. 
 The Pledgor and the Secondary Pledgees (as defined below) are hereinafter
collectively referred to as the Parties. 
 WHEREAS: 

 

	(A)	The Pledgor issued the High Yield Notes (as defined below) pursuant to the High Yield Indenture (as defined below) on the Issue Dates (as defined below).

  

	(B)	The security interests given on 1 July 2004 and on 27 July 2004 by, amongst others, the Pledgor to Deutsche Bank AG London as security trustee and Law
Debenture Trust Company of New York as high yield notes trustee on a second ranking basis have been released as of the date hereof and shall now be re-taken subject to and in accordance with the terms of the Priority Agreement (as defined below).

  

	(C)	According to the terms of an amendment agreement to the Priority Agreement (as defined below) Deutsche Bank AG London as former security trustee has resigned and the
new Security Trustee has assumed this position. 

	(D)	Under the Priority Agreement (as defined below), the Security Trustee is the joint and several creditor of each and every payment obligation of the Obligors towards the
High Yield Noteholders and/or the High Yield Notes Trustee under the Finance Documents (each as defined below). The High Yield Notes Trustee has acceded to the Priority Agreement by means of an accession agreement entered into on or about
2 July 2004 by, amongst others, the Security Trustee and the High Yield Notes Trustee, acting for itself and on behalf of the High Yield Noteholders (as defined below). 

 

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

  

	(F)	In connection with the granting of supplemental security in connection with the Credit Agreement Amendment Letter, the Pledgor has accepted to enter into this
Agreement. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

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

Additional High Yield Guarantor means a member of the Group which becomes a high yield guarantor under the Finance Documents after
the date of their execution. 
 Approved Additional High Yield Guarantor means any Additional High Yield Guarantor whose
obligations under the Finance Documents have after the date of their execution been specified by the relevant Finance Party to be secured by this Agreement. 

Business Day means each day that is not (i) a Saturday or a Sunday or (ii) any other day on which banking institutions in
Luxembourg City, Luxembourg, London, United Kingdom, Frankfurt am Main, Germany or New York, New York are authorised or required by law to close. 

Company means Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co. KG, a limited partnership
(Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court
(Amtsgericht) of Munich under registration number HRA 84369 
 Credit Agreement means the senior credit agreement
dated 13 March 2006, as amended and restated by an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility
Agent, The Royal Bank of Scotland plc as security agent, KDVS and KDG providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 add-on facilities. 

Dollar, dollar or $ means the currency of the United States of America. 

 Dollar Notes means $ 610,000,000 aggregate principal amount of 10.625 %
dollar-denominated senior notes due 2014 or any other dollar-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any dollar-denominated Exchange Securities). 

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

Euro Notes means Euro 250,000,000 aggregate principal amount of 10.750 % euro-denominated senior notes due 2014 or any other
euro-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any euro-denominated Exchange Securities). 

Exchange Securities means the dollar and/or euro denominated debt securities issued and delivered by KDG in exchange for the
Initial Securities to the holders of transfer restricted securities pursuant to the High Yield Indenture as contemplated by the High Yield Registration Rights Agreement. 

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

Existing Interest(s) shall have the meaning ascribed to that term in Clause 2.1 below. 

Existing Senior Interest Pledge Agreement means the interest pledge agreement between, amongst others, the Pledgor and the Royal
Bank of Scotland plc as security agent and others as pledgees under the notarial deed (roll of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Share Pledge Agreement means the share pledge agreement between, amongst others, the Pledgor and
the Royal Bank of Scotland plc as security agent and others as pledgees under the notarial deed (roll of deeds No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 may 2006. 

Existing Supplemental Senior Share Pledge Agreement means the supplemental share pledge agreement relating to the shares in
Kabel Deutschland Verwaltungs GmbH and Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH dated on or about the date of this Agreement between, amongst others, Kabel Deutschland GmbH as pledgor and The Royal Bank of Scotland as
security agent and others as pledgees. 
 Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a
public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its
Frankfurt Branch having its business address at: Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Finance Document means: 
  

	 	(a)	the High Yield Notes; 

  

	 	(b)	the Exchange Securities; 

  

	 	(c)	the High Yield Indenture; 

	 	(d)	each Security Document; 

  

	 	(e)	the Priority Agreement; or 

  

	 	(f)	any other document designated as such by the Security Trustee and KDG. 

Finance Party means each of the Security Trustee, the High Yield Notes Trustee and any other person becoming a security trustee or
a high yield notes trustee under the High Yield Indenture (together the Finance Parties). 
 Future Interests means
any and all interests in the Company, other than the Existing Interests, which the Pledgor may acquire and/or receive otherwise by any cause at law in future. 

Future Secondary Pledgee means a Finance Party (other than the Security Trustee and the High Yield Notes Trustee). 

Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries. 

High Yield Guarantor means (i) KDVS or (ii) an Approved Additional High Yield Guarantor (together the High Yield
Guarantors). 
 High Yield Indenture means the indenture dated on or about 2nd July, 2004, made between, amongst
others, KDG, KDVS as High Yield Guarantor, the High Yield Notes Trustee, the Security Trustee and any other High Yield Guarantor relating to the issue of the High Yield Notes by KDG, and including any supplemental indenture entered into, amongst
others, by KDG with respect to the High Yield Indenture. 
 High Yield Notes means the Euro Notes and the Dollar Notes
issued pursuant to the High Yield Indenture. 
 High Yield Noteholders means each of the holders of the High Yield Notes.

 High Yield Registration Rights Agreement means the registration rights agreement dated on or about 2nd July, 2004,
made between, amongst others, KDVS, KDG, the High Yield Guarantors and Deutsche Bank AG London, Morgan Stanley & Co. International Limited, Citigroup Global Markets Limited, Goldman Sachs International and ABN Amro Bank N.V. relating to the
offer to exchange transfer restricted Initial Securities into a like aggregate amount of the Exchange Securities or the shelf registration of such Initial Securities. 

Initial Securities means each of the Euro Notes and Dollar Notes. 

Issue Date means each of the date on or about 2nd July, 2004 and any date thereafter on which High Yield Notes are issued
under the High Yield Indenture (together the Issue Dates). 
 KDG means Kabel Deutschland GmbH a limited liability
company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the
local court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDVS means Kabel Deutschland Vertrieb und
Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

 Mandated Lead Arranger means each of: 

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a High Yield Guarantor (together the Obligors). 
 Party means each of the Pledgor and the Secondary Pledgees
(together the Parties). 
 Priority Agreement means the priority agreement originally dated 29 March 2004, as
amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Mandated Lead Arrangers, the Facility Agent, the Security Trustee and certain other creditors of the Group. 

Secondary Pledge means any and all pledges constituted under this Agreement. 

Secondary Pledgee means an Original Secondary Pledgee or a Future Secondary Pledgee (together the Secondary Pledgees).

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

Security Documents means any mortgages, pledges, assignments, transfers or other documents creating security for the obligations of
the Obligors under the Finance Documents. 
 Security Trust Agreement means the security trust agreement dated 12 May
2006 between, amongst others, KDG and KDVS as security grantors, the Security Trustee and the other Finance Parties pursuant to which, inter alia, the Security Trustee has been appointed to act as trustee (Treuhänder) under German
law in relation to any German law governed Security Document. 
 Interests means the Existing Interests and the Future
Interests. 
 Subsidiary means any of: 
  

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

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

 

	1.2	Construction 

  

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

  

	 	(i)	the Security Trustee means the Security Trustee acting as agent for and on behalf of the Secondary Pledgees unless otherwise provided herein; and

  

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

 

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

 

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

 

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

  

	 	(w)	Whenever in this Agreement reference is made to the Security Trustee such reference shall be deemed to be a reference to the Security Trustee acting as trustee for and
on behalf of the Secondary Pledgees, unless otherwise provided herein. 

  

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

 

	2.	SECONDARY PLEDGES 

  

	 	(a)	The Pledgor is the only limited partner (Kommanditist) of the Company as of the date of this Agreement. 

 

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Vertrieb und Service Beteiligungs Verwaltungs GmbH which does not hold any
interest (Kapitalanteil) in the Company. 

  

	 	(c)	The Pledgor holds all limited partners’ interests (Kommanditanteil/Mitgliedschaft) representing 100% of the capital interests in the Company (the
Existing Interests). Its capital interest (Kapitalanteil) currently amounts to EUR 1,000 (in words: Euro one thousand) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand).

  

	 	(d)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Secondary Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each Original Secondary Pledgee and to each Future Secondary Pledgee for their rateable interest as Security.

	 	(b)	Each of the Original Secondary Pledgees hereby accepts the Secondary Pledge. In addition, the Security Trustee accepts each of the Secondary Pledges for and on behalf
of each Future Secondary Pledgee hereunder as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Secondary Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust
Agreement, thereby becoming a Secondary Pledgee. All Parties hereto confirm that the validity of any of the Secondary Pledges constituted hereunder shall not be affected by the Security Trustee acting as proxy without power of attorney for each
Future Secondary Pledgee. 

  

	3.	INDEPENDENT SECONDARY PLEDGES 

  

	 	(a)	The validity and effect of each of the Secondary Pledges shall be independent from the validity and the effect of any of (i) the other Secondary Pledges created
hereunder and (ii) any security interest constituted under the Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield Interest Pledge Agreement and the Existing Supplemental Senior Interest Pledge Agreement and is in
addition, and without any prejudice, to any other Security which any and all of the Secondary Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Secondary Pledges to each of the Secondary Pledgees shall be separate and
individual second ranking pledges. Each of the Secondary Pledges shall rank pari passu to each other Secondary Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact, that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreement, the Existing Second Ranking
High Yield Interest Pledge Agreement and the Existing Senior Supplemental Interest Pledge Agreement, shall not in any way prejudice the creation of the Secondary Pledges under and pursuant to this Agreement, in respect of which the Parties confirm
their common understanding that they rank behind (nachrangig) to any security interest constituted under the Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield Interest Pledge Agreement and the Existing
Supplemental Senior Interest Pledge Agreement, as long as any security interest constituted under the Existing Senior Interest Pledge Agreement and/or the Existing Second Ranking High Yield Interest Pledge Agreement and/or the Existing Supplemental
Senior Interest Pledge Agreement are in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Secondary Pledges, to the extent the Secondary Pledges relate to monetary receivables, is limited by
operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield Interest Pledge Agreement and/or the Existing Senior Supplemental
Interest Pledge Agreement. 

  

	 	(c)	The Parties further acknowledge that any provision dealing with the enforcement of any Secondary Pledge made in the Priority Agreement shall apply.

  

	 	(d)	Any security interest and pledge constituted under any of the Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield Interest Pledge
Agreement and the Existing Senior Supplemental Interest Pledge Agreement and any other term and agreement of any of Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield Interest Pledge Agreement and the Existing Senior
Supplemental Interest Pledge Agreement shall remain unaffected by the terms of and any security interest constituted under this Agreement. 

  

	4.	SECURITY PURPOSE 

 The
Secondary Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Secondary Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Trustee. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Trustee in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Trustee for itself and for the other Secondary Pledgees to be held as security
and shall, if received by the Pledgor, be received as holder for the Secondary Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Trustee for itself and for the Secondary Pledgees as
security in the same form as so received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3.

  

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 8.1 below. The Pledgor shall at all times until the full and complete satisfaction of all Secured Claims or
the release of the Secondary Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Secondary Pledges are not in any way adversely affected. 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Secondary Pledgees or the security purpose as described in Clause 4 hereof or defeat, impair or
circumvent the rights of the Secondary Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Secondary Pledgees promptly of all other actions concerning the Company which might adversely affect the
security interest of the Secondary Pledgees. In particular, the Pledgor shall notify the Secondary Pledgees forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect
upon the Secondary Pledges. In any event the Secondary Pledgees shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent
it relates to such resolution) and all applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 

 

	7.	ENFORCEMENT OF SECONDARY PLEDGES 

  

	7.1	Secondary Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Secondary Pledgees may enforce any of the Secondary Pledges (or any part thereof), through the Security Trustee by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases
notwithstanding § 1277 of the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Trustee shall notify the Pledgor of the intention to realise any of the Secondary Pledges over the Interests not less than 5 (five) Business Days before
the date on which the respective Secondary Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such
public auction shall be sufficient. The public auction may be held at any place in Germany which will be determined by the Security Trustee. 

  

	 	(c)	If the Security Trustee should seek to enforce any of the Secondary Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at its own
expense, render forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Trustee of any other right the Secondary Pledgees may have under German law.

  

	 	(d)	The Secondary Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Secondary Pledgees shall at all times until the full and
complete satisfaction of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Secondary Pledges, no rights of the Secondary Pledgees shall pass to
the Pledgor by subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Trustee shall be entitled to treat all enforcement proceeds as additional collateral for the
Secured Claims, notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Secondary Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Trustee in satisfaction in whole or in part of the Secured Claims notwithstanding the Secondary Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of any of the Secondary Pledges shall be applied by the Security Trustee towards the satisfaction of the Secured Claims,
subject to, and in accordance with, the relevant provisions of the Priority Agreement. 

  

	 	(b)	The Security Trustee may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Trustee shall confirm to the Pledgor upon request that the
Interests are released from the Secondary Pledges and retransfer to the Pledgor any documents received by the Security Trustee or any designee pursuant to Clause 8.1(e) hereof. 

 

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Trustee promptly of any change in the partnership in, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or the registration of the Company in the Commercial Register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Trustee promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

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

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

 

	 	(f)	if the Secondary Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to
this Agreement and the exercise of all powers, authorities and discretions vested in the Security Trustee, 

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

  

	 	(g)	at the Security Trustee’s reasonable request, to furnish to the Security Trustee such information concerning the Interests as is available to the Pledgor, to
permit the Security Trustee and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business
hours, and, upon the reasonable request of the Security Trustee, to deliver to the Security Trustee copies of all such records and papers; 

  

	 	(h)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Secondary Pledges or the effect of which results in
the Interests ceasing to exist; and 

  

	 	(i)	that all Future Interests will be fully paid and that there will be no obligation for a limited partner to make additional contributions. 

 

	8.2	Secondary Pledges over all Interests 

The Security Trustee may at all times for itself and for the Secondary Pledgees request to hold a pledge over all Interests held by the
Pledgor (and in the case of a merger an equivalent security interest over the interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Secondary Pledgees that: 

 

	 	(a)	the Existing Interests pledged hereunder are the only Interests in the Company in existence at the date hereof; 

 

	 	(b)	the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing
Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; and 

 

	 	(e)	the Existing Interests are, except for any security interest constituted under the Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield
Interest Pledge Agreement and the Existing Senior Supplemental Interest Pledge Agreement, free from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for Interests in the Company; and 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

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

 

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Trustee nor the Secondary Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of
such loss or damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Trustee or of any of the Secondary Pledgees. 

 

	11.2	Indemnification 

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

 

	11.3	This Clause 11 (Indemnity) shall survive the termination of this Agreement under Clause 12.1 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Secondary Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	12.2	Continuing Security 

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

	12.3	Independence 

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

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular, the Secondary Pledges shall not be affected and shall in any
event extend to any and all Interests in the Company even if the number or nominal value of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Trustee or the Secondary Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies
provided by law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Secondary Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Trustee and/or the Secondary Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or
facsimile number of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Trustee from time to time.

	16.2	Language 

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

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

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

 

	17.2	Jurisdiction 

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

	18.	NOTIFICATION 

 The Pledgor
and the Secondary Pledgees hereby notify the Company of the Secondary Pledges and the Company hereby acknowledges the Secondary Pledges. 

 APPENDIX C. 5 

SUPPLEMENTAL SECONDARY INTEREST PLEDGE 

AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & Co. KG 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND GMBH 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Trustee 

and 

LAW DEBENTURE TRUST COMPANY OF NEW YORK 

as High Yield Notes Trustee 

and 

THE FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 	  	 	  	Page
		
	 Clause
	  	
			
	 1.
	  	Interpretation	  	75
	 2.
	  	Secondary Pledges	  	79
	 3.
	  	Independent Secondary Pledges	  	80
	 4.
	  	Security Purpose	  	81
	 5.
	  	Distributions	  	81
	 6.
	  	Exercise of Voting Rights	  	82
	 7.
	  	Enforcement of Secondary Pledges	  	82
	 8.
	  	Undertakings of the Pledgor	  	84
	 9.
	  	Representations and Warranties	  	84
	 10.
	  	Release of Security	  	85
	 11.
	  	Indemnity	  	85
	 12.
	  	Duration and Independence	  	86
	 13.
	  	Costs and Expenses	  	86
	 14.
	  	Partial Invalidity; Waiver	  	86
	 15.
	  	Amendments	  	87
	 16.
	  	Notices and their Language	  	87
	 17.
	  	Applicable Law; Jurisdiction	  	87
	 18.
	  	Notification	  	87

 THIS SUPPLEMENTAL SECONDARY INTEREST PLEDGE AGREEMENT (the Agreement) is made on
4 February 2010 
 BETWEEN: 
  

	(1)	KABEL DEUTSCHLAND GMBH, a limited liability company (Gesellschaft mit beschränker Haftung) incorporated under the laws of Germany, having its
corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837,

 (the Pledgor) 

on one side; and 
  

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

(the Security Trustee); 
  

	(3)	 LAW DEBENTURE TRUST COMPANY OF NEW YORK, a limited purpose trust company organised under the laws of the State of New York, 767 Third Avenue, 31
st Floor, New York, N.Y. 10017,

 (the High Yield Notes Trustee); and 

 

	(4)	THE FINANCE PARTIES as defined below in Clause 1.1 (Definitions). 

on the other side. 

The Security Trustee and the High Yield Notes Trustee are hereinafter referred to individually as an Original Secondary Pledgee and
together as the Original Secondary Pledgees. 
 The Pledgor and the Secondary Pledgees (as defined below) are hereinafter
collectively referred to as the Parties. 
 WHEREAS: 

 

	(A)	The Pledgor issued the High Yield Notes (as defined below) pursuant to the High Yield Indenture (as defined below) on the Issue Dates (as defined below).

  

	(B)	The security interests given on 1 July 2004 and on 27 July 2004 by, amongst others, the Pledgor to Deutsche Bank AG London as security trustee and Law
Debenture Trust Company of New York as high yield notes trustee on a second ranking basis have been released as of the date hereof and shall now be re-taken subject to and in accordance with the terms of the Priority Agreement (as defined below).

  

	(C)	According to the terms of an amendment agreement to the Priority Agreement (as defined below) Deutsche Bank AG London as former security trustee has resigned and the
new Security Trustee has assumed this position. 

	(D)	Under the Priority Agreement (as defined below), the Security Trustee is the joint and several creditor of each and every payment obligation of the Obligors towards the
High Yield Noteholders and/or the High Yield Notes Trustee under the Finance Documents (each as defined below). The High Yield Notes Trustee has acceded to the Priority Agreement by means of an accession agreement entered into on or about
2 July 2004 by, amongst others, the Security Trustee and the High Yield Notes Trustee, acting for itself and on behalf of the High Yield Noteholders (as defined below). 

 

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

  

	(F)	In connection with the granting of supplemental security in connection with the Credit Agreement Amendment Letter, the Pledgor has accepted to enter into this
Agreement. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this Agreement:

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

Additional High Yield Guarantor means a member of the Group which becomes a high yield guarantor under the Finance Documents after
the date of their execution. 
 Approved Additional High Yield Guarantor means any Additional High Yield Guarantor whose
obligations under the Finance Documents have after the date of their execution been specified by the relevant Finance Party to be secured by this Agreement. 

Business Day means each day that is not (i) a Saturday or a Sunday or (ii) any other day on which banking institutions in
Luxembourg City, Luxembourg, London, United Kingdom, Frankfurt am Main, Germany or New York, New York are authorised or required by law to close. 

Company means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft)
the general partner of which is a limited liability company organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 
 Credit
Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst
others, the Mandated Lead Arrangers, the Facility Agent, The Royal Bank of Scotland plc as security agent, KDVS and KDG providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 add-on facilities. 

Dollar, dollar or $ means the currency of the United States of America. 

 Dollar Notes means $ 610,000,000 aggregate principal amount of 10.625 %
dollar-denominated senior notes due 2014 or any other dollar-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any dollar-denominated Exchange Securities). 

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

Euro Notes means Euro 250,000,000 aggregate principal amount of 10.750 % euro-denominated senior notes due 2014 or any other
euro-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any euro-denominated Exchange Securities). 

Exchange Securities means the dollar and/or euro denominated debt securities issued and delivered by KDG in exchange for the
Initial Securities to the holders of transfer restricted securities pursuant to the High Yield Indenture as contemplated by the High Yield Registration Rights Agreement. 

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

Existing Interests means the interests set forth in Clause 2.1. 

Existing Senior Interest Pledge Agreement means: 
  

	 	(a)	the relevant interest pledge agreement between, amongst others, the Pledgor and The Royal Bank of Scotland plc as security agent and others as pledgees under the
notarial deed (Deed Register No. 9/2006) of notary public Dr. Niklaus E. Schiess with his offices in Basel, Switzerland) dated 11/12 May 2006; and 

 

	 	(b)	the relevant interest pledge agreements between, amongst others, the Second Limited Partner and The Royal Bank of Scotland plc as security agent and others as pledgees
under the notarial deed (roll of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Interest Pledge Agreement means 

 

	 	(a)	the relevant secondary interest pledge agreement between, amongst others, the Pledgor and the Security Trustee and others as pledgees under the notarial deed (Deed
Register No. 11/2006) of notary public Dr. Niklaus E. Schiess with his offices in Basel, Switzerland) dated 11/12 May 2006; and 

  

	 	(b)	the relevant interest pledge agreements between, amongst others, the Second Limited Partner and the Security Trustee and others as pledgees under the notarial deed
(roll of deeds No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Supplemental Senior Interest Pledge Agreement means the supplemental interest pledge agreement relating to the
interests in Kabel Deutschland Vertrieb und Service GmbH & Co. KG dated on or about the date of this Agreement between, amongst others, Kabel Deutschland GmbH as pledgor and The Royal Bank of Scotland as security agent and others as
pledgees. 
 Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a public limited company,
having its registered office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under 

 
registration number SC 090312, acting through its Frankfurt Branch having its business address at: Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the
commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 
 Finance Document means:

  

	 	(a)	the High Yield Notes; 

  

	 	(b)	the Exchange Securities; 

  

	 	(c)	the High Yield Indenture; 

  

	 	(d)	each Security Document; 

  

	 	(e)	the Priority Agreement; or 

  

	 	(f)	any other document designated as such by the Security Trustee and KDG. 

Finance Party means each of the Security Trustee, the High Yield Notes Trustee and any other person becoming a security trustee or
a high yield notes trustee under the High Yield Indenture (together the Finance Parties). 
 Future Interests means
any and all interests in the Company, other than the Existing Interests, which the Pledgor may acquire and/or receive otherwise by any cause at law in future. 

Future Secondary Pledgee means a Finance Party (other than the Security Trustee and the High Yield Notes Trustee). 

Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries. 

High Yield Guarantor means (i) KDVS or (ii) an Approved Additional High Yield Guarantor (together the High Yield
Guarantors). 
 High Yield Indenture means the indenture dated on or about 2nd July, 2004, made between, amongst
others, KDG, KDVS as High Yield Guarantor, the High Yield Notes Trustee, the Security Trustee and any other High Yield Guarantor relating to the issue of the High Yield Notes by KDG, and including any supplemental indenture entered into, amongst
others, by KDG with respect to the High Yield Indenture. 
 High Yield Notes means the Euro Notes and the Dollar Notes
issued pursuant to the High Yield Indenture. 
 High Yield Noteholders means each of the holders of the High Yield Notes.

 High Yield Registration Rights Agreement means the registration rights agreement dated on or about 2nd July, 2004,
made between, amongst others, KDVS, KDG, the High Yield Guarantors and Deutsche Bank AG London, Morgan Stanley & Co. International Limited, Citigroup Global Markets Limited, Goldman Sachs International and ABN Amro Bank N.V. relating to the
offer to exchange transfer restricted Initial Securities into a like aggregate amount of the Exchange Securities or the shelf registration of such Initial Securities. 

Initial Securities means each of the Euro Notes and Dollar Notes. 

 Issue Date means each of the date on or about 2nd July, 2004 and any date
thereafter on which High Yield Notes are issued under the High Yield Indenture (together the Issue Dates). 
 KDG
means Kabel Deutschland GmbH a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is
registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837. 

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

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a High Yield Guarantor (together the Obligors). 
 Party means each of the Pledgor and the Secondary Pledgees
(together the Parties). 
 Priority Agreement means the priority agreement originally dated 29 March 2004, as
amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Mandated Lead Arrangers, the Facility Agent, the Security Trustee and certain other creditors of the Group. 

Second Limited Partner means Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co KG, a limited partnership
(Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring, (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRA 84369. 
 Secondary Pledge means any and all pledges
constituted under this Agreement. 
 Secondary Pledgee means an Original Secondary Pledgee or a Future Secondary Pledgee
(together the Secondary Pledgees). 
 Secured Claims means all present and future rights and claims
(Ansprüche) (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied,
supplemented, novated or extended from time to time, including, without limitation, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties in connection with the protection,
preservation or enforcement of their respective rights under the Finance Documents. 
 Security means any and all security
granted to secure the Secured Claims. 

 Security Documents means any mortgages, pledges, assignments, transfers or other
documents creating security for the obligations of the Obligors under the Finance Documents. 
 Security Trust Agreement
means the security trust agreement dated 12 May 2006 between, amongst others, KDG and KDVS as security grantors, the Security Trustee and the other Finance Parties pursuant to which, inter alia, the Security Trustee has been
appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Interests means the Existing Interests and the Future Interests. 

Subsidiary means any of: 
  

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

 

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

 

	1.2	Construction 

  

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

  

	 	(i)	the Security Trustee means the Security Trustee acting as agent for and on behalf of the Secondary Pledgees unless otherwise provided herein; and

  

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

 

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

 

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

 

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

  

	 	(cc)	Whenever in this Agreement reference is made to the Security Trustee such reference shall be deemed to be a reference to the Security Trustee acting as trustee for and
on behalf of the Secondary Pledgees, unless otherwise provided herein. 

  

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

 

	2.	SECONDARY PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor and the Second Limited Partner are the only limited partners (Kommanditisten) of the Company as of the date of this Agreement.

  

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Verwaltungs GmbH which does not hold any interest (Kapitalanteil) in the
Company. 

	 	(c)	The Pledgor holds limited partner’s interests (Kommanditanteil/Mitgliedschaft) representing 100% of the capital interest in the Company (the
Existing Interests). Its capital interest (Kapitalanteil) currently amounts to EUR 1,500 (in words: Euro one thousand five hundred) and its liability capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand).

  

	 	(d)	The Second Limited Partner does not have any capital interest (Kapitalanteil) in the Company but its liable capital (Haftsumme) amounts to EUR 1,000
(in words: Euro one thousand). 

  

	 	(e)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions 

 

	2.2	Constitution of Secondary Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each Original Secondary Pledgee and to each Future Secondary Pledgee for their rateable interest as Security.

  

	 	(b)	Each of the Original Secondary Pledgees hereby accepts the Secondary Pledge. In addition, the Security Trustee accepts each of the Secondary Pledges for and on behalf
of each Future Secondary Pledgee hereunder as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Secondary Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust
Agreement, thereby becoming a Secondary Pledgee. All Parties hereto confirm that the validity of any of the Secondary Pledges constituted hereunder shall not be affected by the Security Trustee acting as proxy without power of attorney for each
Future Secondary Pledgee. 

  

	3.	INDEPENDENT SECONDARY PLEDGES 

  

	 	(a)	The validity and effect of each of the Secondary Pledges shall be independent from the validity and the effect of any of (i) the other Secondary Pledges created
hereunder and (ii) any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing Supplemental Senior Interest Pledge Agreement and is
in addition, and without any prejudice, to any other Security which any and all of the Secondary Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Secondary Pledges to each of the Secondary Pledgees shall be separate
and individual second ranking pledges. Each of the Secondary Pledges shall rank pari passu to each other Secondary Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact, that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreements, the Existing Second Ranking
High Yield Interest Pledge Agreements and the Existing Senior Supplemental Interest Pledge Agreements, shall not in any way prejudice the creation of the Secondary Pledges under and pursuant to this Agreement, in respect of which the Parties confirm
their common understanding that they rank behind (nachrangig) to any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing
Supplemental Senior Interest Pledge Agreements, as long as any security interest constituted under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements and/or the Existing
Supplemental Senior Interest Pledge Agreements are in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Secondary Pledges, to the extent the Secondary Pledges relate to monetary receivables,
is limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and/or the Existing Senior
Supplemental Interest Pledge Agreements. 

	 	(c)	The Parties further acknowledge that any provision dealing with the enforcement of any Secondary Pledge made in the Priority Agreement shall apply.

  

	 	(d)	Any security interest and pledge constituted under any of the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge
Agreements and the Existing Senior Supplemental Interest Pledge Agreements and any other term and agreement of any of Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing
Senior Supplemental Interest Pledge Agreements shall remain unaffected by the terms of and any security interest constituted under this Agreement. 

  

	4.	SECURITY PURPOSE 

 The
Secondary Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Secondary Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Trustee. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Trustee in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Trustee for itself and for the other Secondary Pledgees to be held as security
and shall, if received by the Pledgor, be received as holder for the Secondary Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Trustee for itself and for the Secondary Pledgees as
security in the same form as so received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3.

  

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 8.1 below. The Pledgor shall at all times until the full and complete satisfaction of all Secured Claims or
the release of the Secondary Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Secondary Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Secondary Pledgees or the security purpose as described in Clause 4 hereof or defeat, impair or
circumvent the rights of the Secondary Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Secondary Pledgees promptly of all other actions concerning the Company which might adversely affect the
security interest of the Secondary Pledgees. In particular, the Pledgor shall notify the Secondary Pledgees forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect
upon the Secondary Pledges. In any event the Secondary Pledgees shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary Pledgors’ meeting setting forth the agenda (to the extent
it relates to such resolution) and all applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 

 

	7.	ENFORCEMENT OF SECONDARY PLEDGES 

  

	7.1	Secondary Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Secondary Pledgees may enforce any of the Secondary Pledges (or any part thereof), through the Security Trustee by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases
notwithstanding § 1277 of the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

	 	(b)	The Security Trustee shall notify the Pledgor of the intention to realise any of the Secondary Pledges over the Interests not less than 5 (five) Business Days before
the date on which the respective Secondary Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such
public auction shall be sufficient. The public auction may be held at any place in Germany which will be determined by the Security Trustee. 

  

	 	(c)	If the Security Trustee should seek to enforce any of the Secondary Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at its own
expense, render forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Trustee of any other right the Secondary Pledgees may have under German law.

  

	 	(d)	The Secondary Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Secondary Pledgees shall at all times until the full and
complete satisfaction of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

 

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Secondary Pledges, no rights of the Secondary Pledgees shall pass to
the Pledgor by subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Trustee shall be entitled to treat all enforcement proceeds as additional collateral for the
Secured Claims, notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Secondary Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Trustee in satisfaction in whole or in part of the Secured Claims notwithstanding the Secondary Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of any of the Secondary Pledges shall be applied by the Security Trustee towards the satisfaction of the Secured Claims,
subject to, and in accordance with, the relevant provisions of the Priority Agreement. 

  

	 	(b)	The Security Trustee may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Trustee shall confirm to the Pledgor upon request that the
Interests are released from the Secondary Pledges and retransfer to the Pledgor any documents received by the Security Trustee or any designee pursuant to Clause 8.1(e) hereof. 

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Trustee promptly of any change in the partnership of, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or the registration of the Company in the Commercial Register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Trustee promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

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

 

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

 

	 	(f)	if the Secondary Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to
this Agreement and the exercise of all powers, authorities and discretions vested in the Security Trustee, 

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

  

	 	(g)	at the Security Trustee’s reasonable request, to furnish to the Security Trustee such information concerning the Interests as is available to the Pledgor, to
permit the Security Trustee and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business
hours, and, upon the reasonable request of the Security Trustee, to deliver to the Security Trustee copies of all such records and papers; 

  

	 	(h)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Secondary Pledges or the effect of which results in
the Interests ceasing to exist; and 

  

	 	(i)	that all Future Interests will be fully paid and that there will be no obligation for a limited partner to make additional contributions. 

 

	8.2	Secondary Pledges over all Interests 

The Security Trustee may at all times for itself and for the Secondary Pledgees request to hold a pledge over all Interests held by the
Pledgor (and in the case of a merger an equivalent security interest over the interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Secondary Pledgees that: 

 

	 	(a)	the Existing Interests pledged hereunder are the only Interests in the Company in existence at the date hereof; 

	 	(b)	the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing
Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; and 

 

	 	(e)	the Existing Interests are, except for any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield
Interest Pledge Agreements and the Existing Senior Supplemental Interest Pledge Agreement, free from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for Interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

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

 

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Trustee nor the Secondary Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of
such loss or damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Trustee or of any of the Secondary Pledgees. 

 

	11.2	Indemnification 

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

 

	11.3	This Clause 11 (Indemnity) shall survive the termination of this Agreement under Clause 12.1 or otherwise. 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Secondary Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	12.2	Continuing Security 

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

	12.3	Independence 

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

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular, the Secondary Pledges shall not be affected and shall in any
event extend to any and all Interests in the Company even if the number or nominal value of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Trustee or the Secondary Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies
provided by law. 

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Secondary Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Trustee and/or the Secondary Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or
facsimile number of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Trustee from time to time.

  

	16.2	Language 

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

	17.	APPLICABLE LAW; JURISDICTION 

  

	17.1	Governing Law 

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

 

	17.2	Jurisdiction 

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

	18.	NOTIFICATION 

 The Pledgor
and the Secondary Pledgees hereby notify the Company of the Secondary Pledges and the Company hereby acknowledges the Secondary Pledges. 

 APPENDIX C. 6 

SUPPLEMENTAL SECONDARY INTEREST PLEDGE 

AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & Co. KG 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE BETEILIGUNGS GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Trustee 

and 

LAW DEBENTURE TRUST COMPANY OF NEW YORK 

as High Yield Notes Trustee 

and 

THE FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	  	  	Page
	 Clause
	  	
			
	1.	  	Interpretation	  	91
	2.	  	Secondary Pledges	  	96
	3.	  	Independent Secondary Pledges	  	96
	4.	  	Security Purpose	  	97
	5.	  	Distributions	  	97
	6.	  	Exercise of Voting Rights	  	98
	7.	  	Enforcement of Secondary Pledges	  	99
	8.	  	Undertakings of the Pledgor	  	100
	9.	  	Representations and Warranties	  	101
	10.	  	Release of Security	  	101
	11.	  	Indemnity	  	101
	12.	  	Duration and Independence	  	102
	13.	  	Costs and Expenses	  	102
	14.	  	Partial Invalidity; Waiver	  	102
	15.	  	Amendments	  	103
	16.	  	Notices and their Language	  	103
	17.	  	Maintenance of Liable Capital	  	103
	18.	  	Applicable Law; Jurisdiction	  	104
	19.	  	Notification	  	105

 THIS SUPPLEMENTAL SECONDARY INTEREST PLEDGE AGREEMENT (the Agreement) is made on
4 February 2010 
 BETWEEN: 
  

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

 (the Pledgor) 

on one side; and 
  

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

(the Security Trustee); 
  

	(3)	 LAW DEBENTURE TRUST COMPANY OF NEW YORK, a limited purpose trust company organised under the laws of the State of New York, 767 Third Avenue, 31
st Floor, New York, N.Y. 10017,

 (the High Yield Notes Trustee); and 

 

	(4)	THE FINANCE PARTIES as defined below in Clause 1.1 (Definitions). 

on the other side. 

The Security Trustee and the High Yield Notes Trustee are hereinafter referred to individually as an Original Secondary Pledgee and
together as the Original Secondary Pledgees. 
 The Pledgor and the Secondary Pledgees (as defined below) are hereinafter
collectively referred to as the Parties. 
 WHEREAS: 

 

	(A)	The Pledgor issued the High Yield Notes (as defined below) pursuant to the High Yield Indenture (as defined below) on the Issue Dates (as defined below).

  

	(B)	The security interests given on 1 July 2004 and on 27 July 2004 by, amongst others, the Pledgor to Deutsche Bank AG London as security trustee and Law
Debenture Trust Company of New York as high yield notes trustee on a second ranking basis have been released as of the date hereof and shall now be re-taken subject to and in accordance with the terms of the Priority Agreement (as defined below).

	(C)	According to the terms of an amendment agreement to the Priority Agreement (as defined below) Deutsche Bank AG London as former security trustee has resigned and the
new Security Trustee has assumed this position. 

  

	(D)	Under the Priority Agreement (as defined below), the Security Trustee is the joint and several creditor of each and every payment obligation of the Obligors towards the
High Yield Noteholders and/or the High Yield Notes Trustee under the Finance Documents (each as defined below). The High Yield Notes Trustee has acceded to the Priority Agreement by means of an accession agreement entered into on or about
2 July 2004 by, amongst others, the Security Trustee and the High Yield Notes Trustee, acting for itself and on behalf of the High Yield Noteholders (as defined below). 

 

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

  

	(F)	In connection with the granting of supplemental security in connection with the Credit Agreement Amendment Letter, the Pledgor has accepted to enter into this
Agreement. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

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

Additional High Yield Guarantor means a member of the Group which becomes a high yield guarantor under the Finance Documents after
the date of their execution. 
 Approved Additional High Yield Guarantor means any Additional High Yield Guarantor whose
obligations under the Finance Documents have after the date of their execution been specified by the relevant Finance Party to be secured by this Agreement. 

Business Day means each day that is not (i) a Saturday or a Sunday or (ii) any other day on which banking institutions in
Luxembourg City, Luxembourg, London, United Kingdom, Frankfurt am Main, Germany or New York, New York are authorised or required by law to close. 

Company means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft)
the general partner of which is a limited liability company organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 
 Credit
Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst
others, the Mandated Lead Arrangers, the Facility Agent, The Royal Bank of Scotland plc as security agent, KDVS and KDG providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 add-on facilities. 

 Dollar, dollar or $ means the currency of the United States of America. 

Dollar Notes means $ 610,000,000 aggregate principal amount of 10.625 % dollar-denominated senior notes due 2014 or any other
dollar-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any dollar-denominated Exchange Securities). 

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

Euro Notes means Euro 250,000,000 aggregate principal amount of 10.750 % euro-denominated senior notes due 2014 or any other
euro-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any euro-denominated Exchange Securities). 

Exchange Securities means the dollar and/or euro denominated debt securities issued and delivered by KDG in exchange for the
Initial Securities to the holders of transfer restricted securities pursuant to the High Yield Indenture as contemplated by the High Yield Registration Rights Agreement. 

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

Existing Interests means the interests set forth in Clause 2.1. 

Existing Senior Interest Pledge Agreement means: 
  

	 	(a)	the relevant interest pledge agreement between, amongst others, the Pledgor and The Royal Bank of Scotland plc as security agent and others as pledgees under the
notarial deed (roll of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; and 

 

	 	(b)	the relevant interest pledge agreements between, amongst others, the Second Limited Partner and The Royal Bank of Scotland plc as security agent and others as pledgees
under the notarial deed (Deed Register No. 9/2006) of notary public Dr. Niklaus E. Schiess with his offices in Basel, Switzerland) dated 11/12 May 2006. 

Existing Second Ranking High Yield Interest Pledge Agreement means 

 

	 	(a)	the relevant secondary interest pledge agreement between, amongst others, the Pledgor and the Security Trustee and others as pledgees under the notarial deed (roll of
deeds No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; and 

  

	 	(b)	the relevant interest pledge agreements between, amongst others, the Second Limited Partner and the Security Trustee and others as pledgees under the notarial deed
(Deed Register No. 11/2006) of notary public Dr. Niklaus E. Schiess with his offices in Basel, Switzerland) dated 11/12 May 2006. 

Existing Supplemental Senior Interest Pledge Agreement means the supplemental interest pledge agreement relating to the interest in
Kabel Deutschland Vertrieb und Service GmbH & Co. KG dated on or about the date of this Agreement between, amongst others, Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co. KG as pledgor and The Royal Bank of Scotland
as security agent and others as pledgees. 

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

Finance Document means: 
  

	 	(a)	the High Yield Notes; 

  

	 	(b)	the Exchange Securities; 

  

	 	(c)	the High Yield Indenture; 

  

	 	(d)	each Security Document; 

  

	 	(e)	the Priority Agreement; or 

  

	 	(f)	any other document designated as such by the Security Trustee and KDG. 

Finance Party means each of the Security Trustee, the High Yield Notes Trustee and any other person becoming a security trustee or
a high yield notes trustee under the High Yield Indenture (together the Finance Parties). 
 Future Interests means
any and all interests in the Company, other than the Existing Interests, which the Pledgor may acquire and/or receive otherwise by any cause at law in future. 

Future Secondary Pledgee means a Finance Party (other than the Security Trustee and the High Yield Notes Trustee). 

Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries. 

High Yield Guarantor means (i) KDVS or (ii) an Approved Additional High Yield Guarantor (together the High Yield
Guarantors). 
 High Yield Indenture means the indenture dated on or about 2nd July, 2004, made between, amongst
others, KDG, KDVS as High Yield Guarantor, the High Yield Notes Trustee, the Security Trustee and any other High Yield Guarantor relating to the issue of the High Yield Notes by KDG, and including any supplemental indenture entered into, amongst
others, by KDG with respect to the High Yield Indenture. 
 High Yield Notes means the Euro Notes and the Dollar Notes
issued pursuant to the High Yield Indenture. 
 High Yield Noteholders means each of the holders of the High Yield Notes.

 High Yield Registration Rights Agreement means the registration rights agreement dated on or about 2nd July, 2004,
made between, amongst others, KDVS, KDG, the High Yield Guarantors and 

 
Deutsche Bank AG London, Morgan Stanley & Co. International Limited, Citigroup Global Markets Limited, Goldman Sachs International and ABN Amro Bank N.V. relating to the offer to
exchange transfer restricted Initial Securities into a like aggregate amount of the Exchange Securities or the shelf registration of such Initial Securities. 

Initial Securities means each of the Euro Notes and Dollar Notes. 

Issue Date means each of the date on or about 2nd July, 2004 and any date thereafter on which High Yield Notes are issued
under the High Yield Indenture (together the Issue Dates). 
 KDG means Kabel Deutschland GmbH a limited liability
company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDVS
means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which
is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Mandated Lead Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a High Yield Guarantor (together the Obligors). 
 Party means each of the Pledgor and the Secondary Pledgees
(together the Parties). 
 Priority Agreement means the priority agreement originally dated 29 March 2004, as
amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Mandated Lead Arrangers, the Facility Agent, the Security Trustee and certain other creditors of the Group. 

Second Limited Partner means Kabel Deutschland GmbH, a limited liability company (Gesellschaft mit beschränkter
Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the Commercial Register (Handelsregister) at the Local Court (Amtsgericht) of
Munich under registration number HRB 145837. 
 Secondary Pledge means any and all pledges constituted under this
Agreement. 
 Secondary Pledgee means an Original Secondary Pledgee or a Future Secondary Pledgee (together the
Secondary Pledgees). 
 Secured Claims means all present and future rights and claims (Ansprüche)
(whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of the Finance 

 
Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including, without limitation, any
increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties in connection with the protection, preservation or enforcement of their respective rights under the Finance Documents.

 Security means any and all security granted to secure the Secured Claims. 

Security Documents means any mortgages, pledges, assignments, transfers or other documents creating security for the obligations of
the Obligors under the Finance Documents. 
 Security Trust Agreement means the security trust agreement dated 12 May
2006 between, amongst others, KDG and KDVS as security grantors, the Security Trustee and the other Finance Parties pursuant to which, inter alia, the Security Trustee has been appointed to act as trustee (Treuhänder) under German
law in relation to any German law governed Security Document. 
 Interests means the Existing Interests and the Future
Interests. 
 Subsidiary means any of: 
  

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

 

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

 

	1.2	Construction 

  

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

  

	 	(i)	the Security Trustee means the Security Trustee acting as agent for and on behalf of the Secondary Pledgees unless otherwise provided herein; and

  

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

 

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

 

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

 

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

  

	 	(ii)	Whenever in this Agreement reference is made to the Security Trustee such reference shall be deemed to be a reference to the Security Trustee acting as trustee for and
on behalf of the Secondary Pledgees, unless otherwise provided herein. 

  

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

	2.	SECONDARY PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor and the Second Limited Partner are the only limited partners (Kommanditisten) of the Company as of the date of this Agreement.

  

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Verwaltungs GmbH which does not hold any interest (Kapitalanteil) in the
Company. 

  

	 	(c)	The Pledgor holds a limited partner’s interest (Kommanditanteil/Mitgliedschaft) representing 0% of the capital interest in the Company (the
Existing Interests) but its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand). 

  

	 	(d)	The Second Limited Partner holds a limited partner’s interest representing 100% of the capital interests in the Company. Its capital interest
(Kapitalanteil) currently amounts to EUR 1,500 (in words: Euro one thousand and five hundred ) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand). 

 

	 	(e)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Secondary Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each Original Secondary Pledgee and to each Future Secondary Pledgee for their rateable interest as Security.

  

	 	(b)	Each of the Original Secondary Pledgees hereby accepts the Secondary Pledge. In addition, the Security Trustee accepts each of the Secondary Pledges for and on behalf
of each Future Secondary Pledgee hereunder as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Secondary Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust
Agreement, thereby becoming a Secondary Pledgee. All Parties hereto confirm that the validity of any of the Secondary Pledges constituted hereunder shall not be affected by the Security Trustee acting as proxy without power of attorney for each
Future Secondary Pledgee. 

  

	3.	INDEPENDENT SECONDARY PLEDGES 

  

	 	(a)	The validity and effect of each of the Secondary Pledges shall be independent from the validity and the effect of any of (i) the other Secondary Pledges created
hereunder and (ii) any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing Supplemental Senior Interest Pledge Agreement and is
in addition, and without any prejudice, to any other Security which any and all of the Secondary Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Secondary Pledges to each of the Secondary Pledgees shall be separate
and individual second ranking pledges. Each of the Secondary Pledges shall rank pari passu to each other Secondary Pledge created hereunder. 

  

	 	(b)	 The Parties agree that the fact, that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreements, the Existing
Second Ranking High Yield Interest Pledge Agreements and the Existing Senior Supplemental Interest Pledge Agreements, shall not in any way prejudice the creation of the Secondary Pledges under and pursuant to this Agreement, in respect of which the
Parties confirm their common understanding that they rank behind (nachrangig) to any security interest constituted under 

	 	 
the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing Supplemental Senior Interest Pledge Agreements, as long as any
security interest constituted under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements and/or the Existing Supplemental Senior Interest Pledge Agreements are in full force and
effect. The Parties confirm that it is understood between them that the enforceability of the Secondary Pledges, to the extent the Secondary Pledges relate to monetary receivables, is limited by operation of law as long as it is encumbered with any
security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and/or the Existing Senior Supplemental Interest Pledge Agreement. 

 

	 	(c)	The Parties further acknowledge that any provision dealing with the enforcement of any Secondary Pledge made in the Priority Agreement shall apply.

  

	 	(d)	Any security interest and pledge constituted under any of the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge
Agreements and the Existing Senior Supplemental Interest Pledge Agreements and any other term and agreement of any of Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing
Senior Supplemental Interest Pledge Agreements shall remain unaffected by the terms of and any security interest constituted under this Agreement. 

  

	4.	SECURITY PURPOSE 

 The
Secondary Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Secondary Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Trustee. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Trustee in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Trustee for itself and for the other Secondary Pledgees to be held as security
and shall, if received by the Pledgor, be received as holder for the Secondary Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Trustee for itself and for the Secondary Pledgees as
security in the same form as so received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3.

  

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 8.1 below. The Pledgor shall at all times until the full and complete satisfaction of all Secured Claims or
the release of the Secondary Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Secondary Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Secondary Pledgees or the security purpose as described in Clause 4 hereof or defeat, impair or
circumvent the rights of the Secondary Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Secondary Pledgees promptly of all other actions concerning the Company which might adversely affect the
security interest of the Secondary Pledgees. In particular, the Pledgor shall notify the Secondary Pledgees forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect
upon the Secondary Pledges. In any event the Secondary Pledgees shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent
it relates to such resolution) and all applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 

	7.	ENFORCEMENT OF SECONDARY PLEDGES 

  

	7.1	Secondary Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Secondary Pledgees may enforce any of the Secondary Pledges (or any part thereof), through the Security Trustee by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases
notwithstanding § 1277 of the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Trustee shall notify the Pledgor of the intention to realise any of the Secondary Pledges over the Interests not less than 5 (five) Business Days before
the date on which the respective Secondary Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such
public auction shall be sufficient. The public auction may be held at any place in Germany which will be determined by the Security Trustee. 

  

	 	(c)	If the Security Trustee should seek to enforce any of the Secondary Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at its own
expense, render forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Trustee of any other right the Secondary Pledgees may have under German law.

  

	 	(d)	The Secondary Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Secondary Pledgees shall at all times until the full and
complete satisfaction of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

 

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Secondary Pledges, no rights of the Secondary Pledgees shall pass to
the Pledgor by subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Trustee shall be entitled to treat all enforcement proceeds as additional collateral for the
Secured Claims, notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Secondary Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Trustee in satisfaction in whole or in part of the Secured Claims notwithstanding the Secondary Pledgees’ right to treat such payments as additional collateral. 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of any of the Secondary Pledges shall be applied by the Security Trustee towards the satisfaction of the Secured Claims,
subject to, and in accordance with, the relevant provisions of the Priority Agreement. 

  

	 	(b)	The Security Trustee may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Trustee shall confirm to the Pledgor upon request that the
Interests are released from the Secondary Pledges and retransfer to the Pledgor any documents received by the Security Trustee or any designee pursuant to Clause 8.1(e) hereof. 

 

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Trustee promptly of any change in the partnership in, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or the registration of the Company in the Commercial Register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Trustee promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

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

 

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

 

	 	(f)	if the Secondary Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to
this Agreement and the exercise of all powers, authorities and discretions vested in the Security Trustee, 

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

  

	 	(g)	at the Security Trustee’s reasonable request, to furnish to the Security Trustee such information concerning the Interests as is available to the Pledgor, to
permit the Security Trustee and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business
hours, and, upon the reasonable request of the Security Trustee, to deliver to the Security Trustee copies of all such records and papers; 

	 	(h)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Secondary Pledges or the effect of which results in
the Interests ceasing to exist; and 

  

	 	(i)	that all Future Interests will be fully paid and that there will be no obligation for a limited partner to make additional contributions. 

 

	8.2	Secondary Pledges over all Interests 

The Security Trustee may at all times for itself and for the Secondary Pledgees request to hold a pledge over all Interests held by the
Pledgor (and in the case of a merger an equivalent security interest over the interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Secondary Pledgees that: 

 

	 	(a)	the Existing Interests pledged hereunder are the only Interests in the Company in existence at the date hereof; 

 

	 	(b)	the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing
Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; and 

 

	 	(e)	the Existing Interests are, except for any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield
Interest Pledge Agreements and the Existing Senior Supplemental Interest Pledge Agreement, free from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for Interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

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

 

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Trustee nor the Secondary Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of
such loss or damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Trustee or of any of the Secondary Pledgees. 

	11.2	Indemnification 

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

 

	11.3	This Clause 11 (Indemnity) shall survive the termination of this Agreement under Clause 12.1 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Secondary Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	12.2	Continuing Security 

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

	12.3	Independence 

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

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

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

 In particular, the Secondary Pledges shall not be affected and shall in any event extend to
any and all Interests in the Company even if the number or nominal value of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Trustee or the Secondary Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies
provided by law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Secondary Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Trustee and/or the Secondary Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or
facsimile number of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Trustee from time to time.

  

	16.2	Language 

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

	17.	MAINTENANCE OF LIABLE CAPITAL 

  

	17.1	Each of the Finance Parties agrees not to enforce any security interest granted under this Agreement against the Pledgor irrespective of whether the Pledgor is
at the time of enforcement incorporated in Germany as a limited liability company (Gesellschaft mit beschränkter Haftung) (a German GmbH Security Grantor) or a limited partnership (Kommanditgesellschaft) of which the
general partner (Komplementär) is a limited liability company (a German GmbH & Co. KG Security Grantor) (a German GmbH Security Grantor or a German GmbH & Co. KG Security Grantor each hereinafter referred to as a
Relevant German Security Grantor), if and to the extent the security interests constituted under this Agreement secure obligations of a shareholder of the Relevant German Security Grantor and/or any German Affiliate (as defined below), in
each case other than any direct or indirect subsidiary of the Relevant German Security Grantor, and, if and to the extent the enforcement of any security interest constituted under this Agreement would cause: 

 

	 	(a)	the German GmbH Security Grantor’s, or in the case of the German GmbH & Co. KG Security Grantor its general partner’s, assets (the calculation of
which shall take into account the captions reflected in § 266 (2) A, B, C, D and E of the German Commercial Code (Handelsgesetzbuch)) less the German GmbH Security Grantor’s, or in case of a German GmbH & Co. KG
Security Grantor its general partner’s, liabilities, provisions and liability reserves (the calculation of which shall take into account the captions reflected in § 266 (3) B, C, D and E of the German Commercial Code) (the Net
Assets) to be less than the registered share capital (Stammkapital) of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor of the registered share capital of its general partner
(Begründung einer Unterbilanz); or 

	 	(b)	an increase of a shortfall, if the Net Assets of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor, of its general
partner, already fall short of the amount of the registered share capital (Vertiefung einer Unterbilanz). 

For the purposes of calculating the Net Assets loans and other contractual liabilities incurred in violation of the provisions of the
Finance Documents shall be disregarded. 
  

	17.2	In this Clause 17 (Maintenance of Liable Capital), the term German Affiliate refers to an affiliated company (verbundenes Unternehmen) of the Relevant
German Security Grantor within the meaning of §§ 15 et. seq. of the German Stock Corporation Act (Aktiengesetz). 

  

	17.3	Furthermore, the Relevant German Security Grantor shall, in a situation where 

 

	 	(a)	it does not have sufficient assets to maintain its capital; and 

  

	 	(b)	the Security Trustee would (but for this Clause) be entitled to enforce the security granted hereunder, 

realise any and all of its assets that (i) are shown in the balance sheet with a book value (Buchwert) which is significantly
lower than the market value of such assets, and (ii) are not necessary for the Relevant Company’s business (betriebsnotwendig). 
  

	17.4	Nothing in this Agreement shall be interpreted as a restriction or limitation of the enforcement of any security interest constituted under this Agreement if and
to the extent such security interest constituted under this Agreement secures own obligations of the relevant German Security Grantor or obligations of any of its direct or indirect subsidiaries. 

 

	18.	APPLICABLE LAW; JURISDICTION 

  

	18.1	Governing Law 

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

 

	18.2	Jurisdiction 

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

	19.	NOTIFICATION 

 The Pledgor
and the Secondary Pledgees hereby notify the Company of the Secondary Pledges and the Company hereby acknowledges the Secondary Pledges. 

 APPENDIX C. 7 

SUPPLEMENTAL SECONDARY INTEREST PLEDGE 

AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS GMBH & CO KG 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Trustee 

and 

LAW DEBENTURE TRUST COMPANY OF NEW YORK 

as High Yield Notes Trustee 

and 

THE FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	  	  	 	  	Page
	 Clause
	  	
			
	1.	  	Interpretation	  	109
	2.	  	Secondary Pledges	  	113
	3.	  	Independent Secondary Pledges	  	114
	4.	  	Security Purpose	  	115
	5.	  	Distributions	  	115
	6.	  	Exercise of Voting Rights	  	116
	7.	  	Enforcement of Secondary Pledges	  	116
	8.	  	Undertakings of the Pledgor	  	117
	9.	  	Representations and Warranties	  	118
	10.	  	Release of Security	  	119
	11.	  	Indemnity	  	119
	12.	  	Duration and Independence	  	119
	13.	  	Costs and Expenses	  	120
	14.	  	Partial Invalidity; Waiver	  	120
	15.	  	Amendments	  	120
	16.	  	Notices and their Language	  	120
	17.	  	Maintenance of Liable Capital	  	121
	18.	  	Applicable Law; Jurisdiction	  	122
	19.	  	Notification	  	122

 THIS SUPPLEMENTAL SECONDARY INTEREST PLEDGE AGREEMENT (the Agreement) is made on
4 February 2010 
 BETWEEN: 
  

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

 (the Pledgor) 

on one side; and 
  

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

(the Security Trustee); 
  

	(3)	 LAW DEBENTURE TRUST COMPANY OF NEW YORK, a limited purpose trust company organised under the laws of the State of New York, 767 Third Avenue, 31
st Floor, New York, N.Y. 10017,

 (the High Yield Notes Trustee); and 

 

	(4)	THE FINANCE PARTIES as defined below in Clause 1.1 (Definitions). 

on the other side. 

The Security Trustee and the High Yield Notes Trustee are hereinafter referred to individually as an Original Secondary Pledgee and
together as the Original Secondary Pledgees. 
 The Pledgor and the Secondary Pledgees (as defined below) are hereinafter
collectively referred to as the Parties. 
 WHEREAS: 

 

	(A)	The Pledgor issued the High Yield Notes (as defined below) pursuant to the High Yield Indenture (as defined below) on the Issue Dates (as defined below).

  

	(B)	The security interests given on 1 July 2004 and on 27 July 2004 by, amongst others, the Pledgor to Deutsche Bank AG London as security trustee and Law
Debenture Trust Company of New York as high yield notes trustee on a second ranking basis have been released as of the date hereof and shall now be re-taken subject to and in accordance with the terms of the Priority Agreement (as defined below).

	(C)	According to the terms of an amendment agreement to the Priority Agreement (as defined below) Deutsche Bank AG London as former security trustee has resigned and the
new Security Trustee has assumed this position. 

  

	(D)	Under the Priority Agreement (as defined below), the Security Trustee is the joint and several creditor of each and every payment obligation of the Obligors towards the
High Yield Noteholders and/or the High Yield Notes Trustee under the Finance Documents (each as defined below). The High Yield Notes Trustee has acceded to the Priority Agreement by means of an accession agreement entered into on or about
2 July 2004 by, amongst others, the Security Trustee and the High Yield Notes Trustee, acting for itself and on behalf of the High Yield Noteholders (as defined below). 

 

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

  

	(F)	In connection with the granting of supplemental security in connection with the Credit Agreement Amendment Letter, the Pledgor has accepted to enter into this
Agreement. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

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

Additional High Yield Guarantor means a member of the Group which becomes a high yield guarantor under the Finance Documents after
the date of their execution. 
 Approved Additional High Yield Guarantor means any Additional High Yield Guarantor whose
obligations under the Finance Documents have after the date of their execution been specified by the relevant Finance Party to be secured by this Agreement. 

Business Day means each day that is not (i) a Saturday or a Sunday or (ii) any other day on which banking institutions in
Luxembourg City, Luxembourg, London, United Kingdom, Frankfurt am Main, Germany or New York, New York are authorised or required by law to close. 

Company means Kabel Deutschland Vermögen Beteiligungs GmbH & Co. KG, a limited partnership
(Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRA 84471 
 Credit Agreement means the senior credit agreement
dated 13 March 2006, as amended and restated by an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility
Agent, The Royal Bank of Scotland plc as security agent, KDVS and KDG providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 add-on facilities. 

 Dollar, dollar or $ means the currency of the United States of America. 

Dollar Notes means $ 610,000,000 aggregate principal amount of 10.625 % dollar-denominated senior notes due 2014 or any other
dollar-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any dollar-denominated Exchange Securities). 

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

Euro Notes means Euro 250,000,000 aggregate principal amount of 10.750 % euro-denominated senior notes due 2014 or any other
euro-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any euro-denominated Exchange Securities). 

Exchange Securities means the dollar and/or euro denominated debt securities issued and delivered by KDG in exchange for the
Initial Securities to the holders of transfer restricted securities pursuant to the High Yield Indenture as contemplated by the High Yield Registration Rights Agreement. 

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

Existing Interests means the interests set forth in Clause 2.1. 

Existing Interest(s) shall have the meaning ascribed to that term in Clause 2.1 below. 

Existing Senior Interest Pledge Agreement means the relevant interest pledge agreement between, amongst others, the Pledgor and The
Royal Bank of Scotland plc as security agent and others as pledgees under the notarial deed (roll of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Interest Pledge Agreement means the relevant interest pledge agreement between, amongst others,
the Pledgor and the Security Trustee and others as pledgees under the notarial deed (roll of deeds No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Supplemental Senior Interest Pledge Agreement means the supplemental interest pledge agreement relating to the
interest in Kabel Deutschland Vermögens Beteiligungs GmbH & Co. KG dated on or about the date of this Agreement between, amongst others, Kabel Deutschland Vertrieb und Service GmbH & Co. KG as pledgor and The Royal Bank of
Scotland as security agent and others as pledgees. 
 Facility Agent means The Royal Bank of Scotland plc, Niederlassung
Frankfurt, a public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312,
acting through its Frankfurt Branch having its business address at: Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147.

 Finance Document means: 
  

	 	(a)	the High Yield Notes; 

  

	 	(b)	the Exchange Securities; 

	 	(c)	the High Yield Indenture; 

  

	 	(d)	each Security Document; 

  

	 	(e)	the Priority Agreement; or 

  

	 	(f)	any other document designated as such by the Security Trustee and KDG. 

Finance Party means each of the Security Trustee, the High Yield Notes Trustee and any other person becoming a security trustee or
a high yield notes trustee under the High Yield Indenture (together the Finance Parties). 
 Future Interests means
any and all interests in the Company, other than the Existing Interests, which the Pledgor may acquire and/or receive otherwise by any cause at law in future. 

Future Secondary Pledgee means a Finance Party (other than the Security Trustee and the High Yield Notes Trustee). 

Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries. 

High Yield Guarantor means (i) KDVS or (ii) an Approved Additional High Yield Guarantor (together the High Yield
Guarantors). 
 High Yield Indenture means the indenture dated on or about 2nd July, 2004, made between, amongst
others, KDG, KDVS as High Yield Guarantor, the High Yield Notes Trustee, the Security Trustee and any other High Yield Guarantor relating to the issue of the High Yield Notes by KDG, and including any supplemental indenture entered into, amongst
others, by KDG with respect to the High Yield Indenture. 
 High Yield Notes means the Euro Notes and the Dollar Notes
issued pursuant to the High Yield Indenture. 
 High Yield Noteholders means each of the holders of the High Yield Notes.

 High Yield Registration Rights Agreement means the registration rights agreement dated on or about 2nd July, 2004,
made between, amongst others, KDVS, KDG, the High Yield Guarantors and Deutsche Bank AG London, Morgan Stanley & Co. International Limited, Citigroup Global Markets Limited, Goldman Sachs International and ABN Amro Bank N.V. relating to the
offer to exchange transfer restricted Initial Securities into a like aggregate amount of the Exchange Securities or the shelf registration of such Initial Securities. 

Initial Securities means each of the Euro Notes and Dollar Notes. 

Issue Date means each of the date on or about 2nd July, 2004 and any date thereafter on which High Yield Notes are issued
under the High Yield Indenture (together the Issue Dates). 
 KDG means Kabel Deutschland GmbH a limited liability
company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837. 

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

  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a High Yield Guarantor (together the Obligors). 
 Party means each of the Pledgor and the Secondary Pledgees
(together the Parties). 
 Priority Agreement means the priority agreement originally dated 29 March 2004, as
amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Mandated Lead Arrangers, the Facility Agent, the Security Trustee and certain other creditors of the Group. 

Secondary Pledge means any and all pledges constituted under this Agreement. 

Secondary Pledgee means an Original Secondary Pledgee or a Future Secondary Pledgee (together the Secondary Pledgees).

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

Security Documents means any mortgages, pledges, assignments, transfers or other documents creating security for the obligations of
the Obligors under the Finance Documents. 
 Security Trust Agreement means the security trust agreement dated 12 May
2006 between, amongst others, KDG and KDVS as security grantors, the Security Trustee and the other Finance Parties pursuant to which, inter alia, the Security Trustee has been appointed to act as trustee (Treuhänder) under German law in
relation to any German law governed Security Document. 
 Interests means the Existing Interests and the Future Interests.

 Subsidiary means any of: 

 

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

 

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

 

	1.2	Construction 

  

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

  

	 	(i)	the Security Trustee means the Security Trustee acting as agent for and on behalf of the Secondary Pledgees unless otherwise provided herein; and

  

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

 

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

 

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

 

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

  

	 	(oo)	Whenever in this Agreement reference is made to the Security Trustee such reference shall be deemed to be a reference to the Security Trustee acting as trustee for and
on behalf of the Secondary Pledgees, unless otherwise provided herein. 

  

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

 

	2.	SECONDARY PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor is the only limited partner (Kommanditist) of the Company as of the date of this Agreement. 

 

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH which does not hold any interest
(Kapitalanteil) in the Company. 

  

	 	(c)	The Pledgor holds all limited partners’ interests (Kommanditanteile/Mitgliedschaft) representing 100% of the capital interests in the Company (the
Existing Interests). Its capital interest (Kapitalanteil) currently amounts to EUR 1,000 (in words: Euro one thousand) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand).

  

	 	(d)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

	2.2	Constitution of Secondary Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each Original Secondary Pledgee and to each Future Secondary Pledgee for their rateable interest as Security.

  

	 	(b)	Each of the Original Secondary Pledgees hereby accepts the Secondary Pledge. In addition, the Security Trustee accepts each of the Secondary Pledges for and on behalf
of each Future Secondary Pledgee hereunder as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Secondary Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust
Agreement, thereby becoming a Secondary Pledgee. All Parties hereto confirm that the validity of any of the Secondary Pledges constituted hereunder shall not be affected by the Security Trustee acting as proxy without power of attorney for each
Future Secondary Pledgee. 

  

	3.	INDEPENDENT SECONDARY PLEDGES 

  

	 	(a)	The validity and effect of each of the Secondary Pledges shall be independent from the validity and the effect of any of (i) the other Secondary Pledges created
hereunder and (ii) any security interest constituted under the Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield Interest Pledge Agreement and the Existing Supplemental Senior Interest Pledge Agreement and is in
addition, and without any prejudice, to any other Security which any and all of the Secondary Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Secondary Pledges to each of the Secondary Pledgees shall be separate and
individual second ranking pledges. Each of the Secondary Pledges shall rank pari passu to each other Secondary Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact, that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreement, the Existing Second Ranking
High Yield Interest Pledge Agreement and the Existing Senior Supplemental Interest Pledge Agreement, shall not in any way prejudice the creation of the Secondary Pledges under and pursuant to this Agreement, in respect of which the Parties confirm
their common understanding that they rank behind (nachrangig) to any security interest constituted under the Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield Interest Pledge Agreement and the Existing Supplemental
Senior Interest Pledge Agreement, as long as any security interest constituted under the Existing Senior Interest Pledge Agreement and/or the Existing Second Ranking High Yield Interest Pledge Agreement and/or the Existing Supplemental Senior
Interest Pledge Agreement are in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Secondary Pledges, to the extent the Secondary Pledges relate to monetary receivables, is limited by
operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield Interest Pledge Agreement and/or the Existing Senior Supplemental
Interest Pledge Agreement. 

  

	 	(c)	The Parties further acknowledge that any provision dealing with the enforcement of any Secondary Pledge made in the Priority Agreement shall apply.

  

	 	(d)	Any security interest and pledge constituted under any of the Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield Interest Pledge
Agreement and the Existing Senior Supplemental Interest Pledge Agreement and any other term and agreement of any of Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield Interest Pledge Agreement and the Existing Senior
Supplemental Interest Pledge Agreement shall remain unaffected by the terms of and any security interest constituted under this Agreement. 

	4.	SECURITY PURPOSE 

 The
Secondary Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Secondary Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Trustee. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Trustee in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Trustee for itself and for the other Secondary Pledgees to be held as security
and shall, if received by the Pledgor, be received as holder for the Secondary Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Trustee for itself and for the Secondary Pledgees as
security in the same form as so received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3.

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 8.1 below. The Pledgor shall at all times until the full and complete satisfaction of all Secured Claims or
the release of the Secondary Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Secondary Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Secondary Pledgees or the security purpose as described in Clause 4 hereof or defeat, impair or
circumvent the rights of the Secondary Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Secondary Pledgees promptly of all other actions concerning the Company which might adversely affect the
security interest of the Secondary Pledgees. In particular, the Pledgor shall notify the Secondary Pledgees forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect
upon the Secondary Pledges. In any event the Secondary Pledgees shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent
it relates to such resolution) and all applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 

 

	7.	ENFORCEMENT OF SECONDARY PLEDGES 

  

	7.1	Secondary Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Secondary Pledgees may enforce any of the Secondary Pledges (or any part thereof), through the Security Trustee by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases
notwithstanding § 1277 of the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Trustee shall notify the Pledgor of the intention to realise any of the Secondary Pledges over the Interests not less than 5 (five) Business Days before
the date on which the respective Secondary Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such
public auction shall be sufficient. The public auction may be held at any place in Germany which will be determined by the Security Trustee. 

  

	 	(c)	If the Security Trustee should seek to enforce any of the Secondary Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at its own
expense, render forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Trustee of any other right the Secondary Pledgees may have under German law.

	 	(d)	The Secondary Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Secondary Pledgees shall at all times until the full and
complete satisfaction of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

 

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Secondary Pledges, no rights of the Secondary Pledgees shall pass to
the Pledgor by subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Trustee shall be entitled to treat all enforcement proceeds as additional collateral for the
Secured Claims, notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Secondary Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Trustee in satisfaction in whole or in part of the Secured Claims notwithstanding the Secondary Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of any of the Secondary Pledges shall be applied by the Security Trustee towards the satisfaction of the Secured Claims,
subject to, and in accordance with, the relevant provisions of the Priority Agreement. 

  

	 	(b)	The Security Trustee may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Trustee shall confirm to the Pledgor upon request that the
Interests are released from the Secondary Pledges and retransfer to the Pledgor any documents received by the Security Trustee or any designee pursuant to Clause 8.1(e) hereof. 

 

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Trustee promptly of any change in the partnership in, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or the registration of the Company in the Commercial Register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Trustee promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

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

 

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

 

	 	(f)	if the Secondary Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to
this Agreement and the exercise of all powers, authorities and discretions vested in the Security Trustee, 

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

  

	 	(g)	at the Security Trustee’s reasonable request, to furnish to the Security Trustee such information concerning the Interests as is available to the Pledgor, to
permit the Security Trustee and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business
hours, and, upon the reasonable request of the Security Trustee, to deliver to the Security Trustee copies of all such records and papers; 

  

	 	(h)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Secondary Pledges or the effect of which results in
the Interests ceasing to exist; and 

  

	 	(i)	that all Future Interests will be fully paid and that there will be no obligation for a limited partner to make additional contributions. 

 

	8.2	Secondary Pledges over all Interests 

The Security Trustee may at all times for itself and for the Secondary Pledgees request to hold a pledge over all Interests held by the
Pledgor (and in the case of a merger an equivalent security interest over the interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Secondary Pledgees that: 

 

	 	(a)	the Existing Interests pledged hereunder are the only Interests in the Company in existence at the date hereof; 

 

	 	(b)	the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing
Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; and 

 

	 	(e)	the Existing Interests are, except for any security interest constituted under the Existing Senior Interest Pledge Agreement, the Existing Second Ranking High Yield
Interest Pledge Agreement and the Existing Senior Supplemental Interest Pledge Agreement, free from any rights of third parties; 

	 	(f)	no third party has any pre-emption rights for Interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

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

 

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Trustee nor the Secondary Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of
such loss or damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Trustee or of any of the Secondary Pledgees. 

 

	11.2	Indemnification 

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

 

	11.3	This Clause 11 (Indemnity) shall survive the termination of this Agreement under Clause 12.1 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Secondary Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	12.2	Continuing Security 

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

	12.3	Independence 

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

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular, the Secondary Pledges shall not be affected and shall in any
event extend to any and all Interests in the Company even if the number or nominal value of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Trustee or the Secondary Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies
provided by law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Secondary Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Trustee and/or the Secondary Pledgees shall be in writing and shall be delivered personally, 

 
by post or facsimile and shall be sent to the address or facsimile number of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or
facsimile number as is notified by that party for this purpose to the Security Trustee from time to time. 
  

	16.2	Language 

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

	17.	MAINTENANCE OF LIABLE CAPITAL 

  

	17.1	Each of the Finance Parties agrees not to enforce any security interest granted under this Agreement against the Pledgor irrespective of whether the Pledgor is
at the time of enforcement incorporated in Germany as a limited liability company (Gesellschaft mit beschränkter Haftung) (a German GmbH Security Grantor) or a limited partnership (Kommanditgesellschaft) of which the
general partner (Komplementär) is a limited liability company (a German GmbH & Co. KG Security Grantor) (a German GmbH Security Grantor or a German GmbH & Co. KG Security Grantor each hereinafter referred to as a
Relevant German Security Grantor), if and to the extent the security interests constituted under this Agreement secure obligations of a shareholder of the Relevant German Security Grantor and/or any German Affiliate (as defined below), in
each case other than any direct or indirect subsidiary of the Relevant German Security Grantor, and, if and to the extent the enforcement of any security interest constituted under this Agreement would cause: 

 

	 	(a)	the German GmbH Security Grantor’s, or in the case of the German GmbH & Co. KG Security Grantor its general partner’s, assets (the calculation of
which shall take into account the captions reflected in § 266 (2) A, B, C, D and E of the German Commercial Code (Handelsgesetzbuch)) less the German GmbH Security Grantor’s, or in case of a German GmbH & Co. KG
Security Grantor its general partner’s, liabilities, provisions and liability reserves (the calculation of which shall take into account the captions reflected in § 266 (3) B, C, D and E of the German Commercial Code) (the Net
Assets) to be less than the registered share capital (Stammkapital) of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor of the registered share capital of its general partner
(Begründung einer Unterbilanz); or 

  

	 	(b)	an increase of a shortfall, if the Net Assets of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor, of its general
partner, already fall short of the amount of the registered share capital (Vertiefung einer Unterbilanz). 

For the purposes of calculating the Net Assets loans and other contractual liabilities incurred in violation of the provisions of the
Finance Documents shall be disregarded. 
  

	17.2	In this Clause 17 (Maintenance of Liable Capital), the term German Affiliate refers to an affiliated company (verbundenes Unternehmen) of the Relevant
German Security Grantor within the meaning of §§ 15 et. seq. of the German Stock Corporation Act (Aktiengesetz). 

  

	17.3	Furthermore, the Relevant German Security Grantor shall, in a situation where 

 

	 	(a)	it does not have sufficient assets to maintain its capital; and 

  

	 	(b)	the Security Trustee would (but for this Clause) be entitled to enforce the security granted hereunder, 

 realise any and all of its assets that (i) are shown in the balance sheet with a book
value (Buchwert) which is significantly lower than the market value of such assets, and (ii) are not necessary for the Relevant Company’s business (betriebsnotwendig). 

 

	17.4	Nothing in this Agreement shall be interpreted as a restriction or limitation of the enforcement of any security interest constituted under this Agreement if and
to the extent such security interest constituted under this Agreement secures own obligations of the relevant German Security Grantor or obligations of any of its direct or indirect subsidiaries. 

 

	18.	APPLICABLE LAW; JURISDICTION 

  

	18.1	Governing Law 

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

 

	18.2	Jurisdiction 

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

	19.	NOTIFICATION 

 The Pledgor
and the Secondary Pledgees hereby notify the Company of the Secondary Pledges and the Company hereby acknowledges the Secondary Pledges. 

 APPENDIX C. 8 

SUPPLEMENTAL SECONDARY INTEREST PLEDGE 

AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERMÖGEN GMBH & CO. KG 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERTRIEB UND SERVICE GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Trustee 

and 

LAW DEBENTURE TRUST COMPANY OF NEW YORK 

as High Yield Notes Trustee 

and 

THE FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 	  	Page
	 Clause
	  	
			
	1.	  	Interpretation	  	126
	2.	  	Secondary Pledges	  	131
	3.	  	Independent Secondary Pledges	  	131
	4.	  	Security Purpose	  	132
	5.	  	Distributions	  	132
	6.	  	Exercise of Voting Rights	  	133
	7.	  	Enforcement of Secondary Pledges	  	134
	8.	  	Undertakings of the Pledgor	  	135
	9.	  	Representations and Warranties	  	136
	10.	  	Release of Security	  	136
	11.	  	Indemnity	  	136
	12.	  	Duration and Independence	  	137
	13.	  	Costs and Expenses	  	137
	14.	  	Partial Invalidity; Waiver	  	137
	15.	  	Amendments	  	138
	16.	  	Notices and their Language	  	138
	17.	  	Maintenance of Liable Capital	  	138
	18.	  	Applicable Law; Jurisdiction	  	139
	19.	  	Notification	  	140

 THIS SUPPLEMENTAL SECONDARY INTEREST PLEDGE AGREEMENT (the Agreement) is made on
4 February 2010 
 BETWEEN: 
  

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

 (the Pledgor) 

on one side; and 
  

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

(the Security Trustee); 
  

	(3)	 LAW DEBENTURE TRUST COMPANY OF NEW YORK, a limited purpose trust company organised under the laws of the State of New York, 767 Third Avenue, 31
st Floor, New York, NY 10017,

 (the High Yield Notes Trustee); and 

 

	(4)	THE FINANCE PARTIES as defined below in Clause 1.1 (Definitions). 

on the other side. 

The Security Trustee and the High Yield Notes Trustee are hereinafter referred to individually as an Original Secondary Pledgee and
together as the Original Secondary Pledgees. 
 The Pledgor and the Secondary Pledgees (as defined below) are hereinafter
collectively referred to as the Parties. 
 WHEREAS: 

 

	(A)	The Pledgor issued the High Yield Notes (as defined below) pursuant to the High Yield Indenture (as defined below) on the Issue Dates (as defined below).

  

	(B)	The security interests given on 1 July 2004 and on 27 July 2004 by, amongst others, the Pledgor to Deutsche Bank AG London as security trustee and Law
Debenture Trust Company of New York as high yield notes trustee on a second ranking basis have been released as of the date hereof and shall now be re-taken subject to and in accordance with the terms of the Priority Agreement (as defined below).

	(C)	According to the terms of an amendment agreement to the Priority Agreement (as defined below) Deutsche Bank AG London as former security trustee has resigned and the
new Security Trustee has assumed this position. 

  

	(D)	Under the Priority Agreement (as defined below), the Security Trustee is the joint and several creditor of each and every payment obligation of the Obligors towards the
High Yield Noteholders and/or the High Yield Notes Trustee under the Finance Documents (each as defined below). The High Yield Notes Trustee has acceded to the Priority Agreement by means of an accession agreement entered into on or about
2 July 2004 by, amongst others, the Security Trustee and the High Yield Notes Trustee, acting for itself and on behalf of the High Yield Noteholders (as defined below). 

 

	(E)	The lenders have consented to an amendment to the Credit Agreement (as defined below) contemplated by an amendment letter entered into on 4 February 2010 (the
Credit Agreement Amendment Letter) between, amongst others, Kabel Deutschland GmbH and The Royal Bank of Scotland plc as facility agent pursuant to which the Credit Agreement (as defined below) has been amended and supplemented.

  

	(F)	In connection with the granting of supplemental security in connection with the Credit Agreement Amendment Letter, the Pledgor has accepted to enter into this
Agreement. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

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

Additional High Yield Guarantor means a member of the Group which becomes a high yield guarantor under the Finance Documents after
the date of their execution. 
 Approved Additional High Yield Guarantor means any Additional High Yield Guarantor whose
obligations under the Finance Documents have after the date of their execution been specified by the relevant Finance Party to be secured by this Agreement. 

Business Day means each day that is not (i) a Saturday or a Sunday or (ii) any other day on which banking institutions in
Luxembourg City, Luxembourg, London, United Kingdom, Frankfurt am Main, Germany or New York, New York are authorised or required by law to close. 

Company means Kabel Deutschland Vermögen GmbH & Co. KG, a limited partnership (Kommanditgesellschaft)
organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under
registration number HRA 84511. 
 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended
and restated by an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, The Royal Bank of Scotland plc as
security agent, KDVS and KDG providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 add-on facilities. 

 Dollar, dollar or $ means the currency of the United States of America. 

Dollar Notes means $ 610,000,000 aggregate principal amount of 10.625 % dollar-denominated senior notes due 2014 or any other
dollar-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any dollar-denominated Exchange Securities). 

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

Euro Notes means Euro 250,000,000 aggregate principal amount of 10.750 % euro-denominated senior notes due 2014 or any other
euro-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any euro-denominated Exchange Securities). 

Exchange Securities means the dollar and/or euro denominated debt securities issued and delivered by KDG in exchange for the
Initial Securities to the holders of transfer restricted securities pursuant to the High Yield Indenture as contemplated by the High Yield Registration Rights Agreement. 

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

Existing Interest(s) shall have the meaning ascribed to that term in Clause 2.1 below. 

Existing Senior Interest Pledge Agreement means: 
  

	 	(a)	the relevant interest pledge agreement between, amongst others, the Pledgor and The Royal Bank of Scotland plc as security agent and others as pledgees under the
notarial deed (roll of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; and 

 

	 	(b)	the relevant interest pledge agreement between, amongst others, the Second Limited Partner and The Royal Bank of Scotland plc as security agent and others as pledgees
under the notarial deed (roll of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Interest Pledge Agreement means: 

 

	 	(a)	the relevant interest pledge agreement between, amongst others, the Pledgor and the Security Trustee and others as pledgees under the notarial deed (roll of deeds No. G
244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; and 

  

	 	(b)	the relevant interest pledge agreement between, amongst others, the Second Limited Partner and the Security Trustee and others as pledgees under the notarial deed (roll
of deeds No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Supplemental Senior Interest Pledge Agreement means the supplemental interest pledge agreement relating to the
interest in Kabel Deutschland Vermögen GmbH & Co. KG dated on or about the date of this Agreement between, amongst others, Kabel Deutschland Vertrieb und Service Beteiligungs GmbH & Co. KG as pledgor and The Royal Bank of
Scotland as security agent and others as pledgees. 

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

Finance Document means: 
  

	 	(a)	the High Yield Notes; 

  

	 	(b)	the Exchange Securities; 

  

	 	(c)	the High Yield Indenture; 

  

	 	(d)	each Security Document; 

  

	 	(e)	the Priority Agreement; or 

  

	 	(f)	any other document designated as such by the Security Trustee and KDG. 

Finance Party means each of the Security Trustee, the High Yield Notes Trustee and any other person becoming a security trustee or
a high yield notes trustee under the High Yield Indenture (together the Finance Parties). 
 Future Interests means
any and all interests in the Company, other than the Existing Interests, which the Pledgor may acquire and/or receive otherwise by any cause at law in future. 

Future Secondary Pledgee means a Finance Party (other than the Security Trustee and the High Yield Notes Trustee). 

Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries. 

High Yield Guarantor means (i) KDVS or (ii) an Approved Additional High Yield Guarantor (together the High Yield
Guarantors). 
 High Yield Indenture means the indenture dated on or about 2nd July, 2004, made between, amongst
others, KDG, KDVS as High Yield Guarantor, the High Yield Notes Trustee, the Security Trustee and any other High Yield Guarantor relating to the issue of the High Yield Notes by KDG, and including any supplemental indenture entered into, amongst
others, by KDG with respect to the High Yield Indenture. 
 High Yield Notes means the Euro Notes and the Dollar Notes
issued pursuant to the High Yield Indenture. 
 High Yield Noteholders means each of the holders of the High Yield Notes.

 High Yield Registration Rights Agreement means the registration rights agreement dated on or about 2nd July, 2004,
made between, amongst others, KDVS, KDG, the High Yield Guarantors and Deutsche Bank AG London, Morgan Stanley & Co. International Limited, Citigroup Global Markets Limited, Goldman Sachs International and ABN Amro Bank N.V. relating to the
offer to exchange transfer restricted Initial Securities into a like aggregate amount of the Exchange Securities or the shelf registration of such Initial Securities. 

 Initial Securities means each of the Euro Notes and Dollar Notes. 

Issue Date means each of the date on or about 2nd July, 2004 and any date thereafter on which High Yield Notes are issued
under the High Yield Indenture (together the Issue Dates). 
 KDG means Kabel Deutschland GmbH a limited liability
company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register
(Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837. 
 KDVS
means Kabel Deutschland Vertrieb und Service GmbH & Co. KG, a limited partnership (Kommanditgesellschaft) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which
is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRA 83902. 

Mandated Lead Arranger means each of: 
  

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a High Yield Guarantor (together the Obligors). 
 Party means each of the Pledgor and the Secondary
Pledgees (together the Parties). 
 Priority Agreement means the priority agreement originally dated 29 March
2004, as amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated
9 May 2006 made between, amongst others, KDG, KDVS, the Mandated Lead Arrangers, the Facility Agent, the Security Trustee and certain other creditors of the Group. 

Second Limited Partner means Kabel Deutschland Vermögen Beteiligungs GmbH & Co KG, a limited partnership
(Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring, (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRA 84471. 
 Secondary Pledge means any and all pledges
constituted under this Agreement. 
 Secondary Pledgee means an Original Secondary Pledgee or a Future Secondary Pledgee
(together the Secondary Pledgees). 
 Secured Claims means all present and future rights and claims
(Ansprüche) (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied,
supplemented, novated or extended from time to time, including, without limitation, any increase of 

 
principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties in connection with the protection, preservation or enforcement of their
respective rights under the Finance Documents. 
 Security means any and all security granted to secure the Secured
Claims. 
 Security Documents means any mortgages, pledges, assignments, transfers or other documents creating security
for the obligations of the Obligors under the Finance Documents. 
 Security Trust Agreement means the security trust
agreement dated 12 May 2006 between, amongst others, KDG and KDVS as security grantors, the Security Trustee and the other Finance Parties pursuant to which, inter alia, the Security Trustee has been appointed to act as trustee
(Treuhänder) under German law in relation to any German law governed Security Document. 
 Interests means the
Existing Interests and the Future Interests. 
 Subsidiary means any of: 

 

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

 

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

 

	1.2	Construction 

  

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

  

	 	(i)	the Security Trustee means the Security Trustee acting as agent for and on behalf of the Secondary Pledgees unless otherwise provided herein; and

  

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

 

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

 

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

 

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

  

	 	(uu)	Whenever in this Agreement reference is made to the Security Trustee such reference shall be deemed to be a reference to the Security Trustee acting as trustee for and
on behalf of the Secondary Pledgees, unless otherwise provided herein. 

  

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

	2.	SECONDARY PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor and the Second Limited Partner are the only limited partners (Kommanditisten) of the Company as of the date of this Agreement.

  

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Vermögen Beteiligungs Verwaltungs GmbH which does not hold any interest
(Kapitalanteil) in the Company. 

  

	 	(c)	The Pledgor holds all limited partners’ interests (Kommanditanteile/Mitgliedschaft) representing 100% of the capital interests in the Company (the
Existing Interests). Its capital interest (Kapitalanteil) currently amounts to EUR 1,000 (in words: Euro one thousand) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand).

  

	 	(d)	The Second Limited Partner does not have any capital interest (Kapitalanteil) in the Company but its liable capital (Haftsumme) amounts to EUR 1,000 (in
words: Euro one thousand). 

  

	 	(e)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Secondary Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each Original Secondary Pledgee and to each Future Secondary Pledgee for their rateable interest as Security.

  

	 	(b)	Each of the Original Secondary Pledgees hereby accepts the Secondary Pledge. In addition, the Security Trustee accepts each of the Secondary Pledges for and on behalf
of each Future Secondary Pledgee hereunder as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Secondary Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust
Agreement, thereby becoming a Secondary Pledgee. All Parties hereto confirm that the validity of any of the Secondary Pledges constituted hereunder shall not be affected by the Security Trustee acting as proxy without power of attorney for each
Future Secondary Pledgee. 

  

	3.	INDEPENDENT SECONDARY PLEDGES 

  

	 	(a)	The validity and effect of each of the Secondary Pledges shall be independent from the validity and the effect of any of (i) the other Secondary Pledges created
hereunder and (ii) any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing Supplemental Senior Interest Pledge Agreement and is
in addition, and without any prejudice, to any other Security which any and all of the Secondary Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Secondary Pledges to each of the Secondary Pledgees shall be separate
and individual second ranking pledges. Each of the Secondary Pledges shall rank pari passu to each other Secondary Pledge created hereunder. 

  

	 	(b)	 The Parties agree that the fact, that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreements, the Existing
Second Ranking High Yield Interest Pledge Agreements and the Existing Senior Supplemental Interest Pledge Agreements, shall not in any way prejudice the creation of the Secondary Pledges under and

	 	 
pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind (nachrangig) to any security interest constituted under the Existing
Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing Supplemental Senior Interest Pledge Agreements, as long as any security interest constituted under the Existing Senior Interest
Pledge Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements and/or the Existing Supplemental Senior Interest Pledge Agreements are in full force and effect. The Parties confirm that it is understood between them that
the enforceability of the Secondary Pledges, to the extent the Secondary Pledges relate to monetary receivables, is limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest
Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and/or the Existing Senior Supplemental Interest Pledge Agreements. 

 

	 	(c)	The Parties further acknowledge that any provision dealing with the enforcement of any Secondary Pledge made in the Priority Agreement shall apply.

  

	 	(d)	Any security interest and pledge constituted under any of the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge
Agreements and the Existing Senior Supplemental Interest Pledge Agreements and any other term and agreement of any of Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing
Senior Supplemental Interest Pledge Agreements shall remain unaffected by the terms of and any security interest constituted under this Agreement. 

  

	4.	SECURITY PURPOSE 

 The
Secondary Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Secondary Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Trustee. 

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

  

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Trustee in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Trustee for itself and for the other Secondary Pledgees to be held as security
and shall, if received by the Pledgor, be received as holder for the Secondary Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Trustee for itself and for the Secondary Pledgees as
security in the same form as so received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3.

  

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 8.1 below. The Pledgor shall at all times until the full and complete satisfaction of all Secured Claims or
the release of the Secondary Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Secondary Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Secondary Pledgees or the security purpose as described in Clause 4 hereof or defeat, impair or
circumvent the rights of the Secondary Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Secondary Pledgees promptly of all other actions concerning the Company which might adversely affect the
security interest of the Secondary Pledgees. In particular, the Pledgor shall notify the Secondary Pledgees forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect
upon the Secondary Pledges. In any event the Secondary Pledgees shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent
it relates to such resolution) and all applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 

	7.	ENFORCEMENT OF SECONDARY PLEDGES 

  

	7.1	Secondary Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Secondary Pledgees may enforce any of the Secondary Pledges (or any part thereof), through the Security Trustee by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases
notwithstanding § 1277 of the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

  

	 	(b)	The Security Trustee shall notify the Pledgor of the intention to realise any of the Secondary Pledges over the Interests not less than 5 (five) Business Days before
the date on which the respective Secondary Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such
public auction shall be sufficient. The public auction may be held at any place in Germany which will be determined by the Security Trustee. 

  

	 	(c)	If the Security Trustee should seek to enforce any of the Secondary Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at its own
expense, render forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Trustee of any other right the Secondary Pledgees may have under German law.

  

	 	(d)	The Secondary Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Secondary Pledgees shall at all times until the full and
complete satisfaction of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

 

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Secondary Pledges, no rights of the Secondary Pledgees shall pass to
the Pledgor by subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Trustee shall be entitled to treat all enforcement proceeds as additional collateral for the
Secured Claims, notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Secondary Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Trustee in satisfaction in whole or in part of the Secured Claims notwithstanding the Secondary Pledgees’ right to treat such payments as additional collateral. 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of any of the Secondary Pledges shall be applied by the Security Trustee towards the satisfaction of the Secured Claims,
subject to, and in accordance with, the relevant provisions of the Priority Agreement. 

  

	 	(b)	The Security Trustee may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Trustee shall confirm to the Pledgor upon request that the
Interests are released from the Secondary Pledges and retransfer to the Pledgor any documents received by the Security Trustee or any designee pursuant to Clause 8.1(e) hereof. 

 

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Trustee promptly of any change in the partnership in, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or the registration of the Company in the Commercial Register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Trustee promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

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

 

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

 

	 	(f)	if the Secondary Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to
this Agreement and the exercise of all powers, authorities and discretions vested in the Security Trustee, 

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

  

	 	(g)	at the Security Trustee’s reasonable request, to furnish to the Security Trustee such information concerning the Interests as is available to the Pledgor, to
permit the Security Trustee and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business
hours, and, upon the reasonable request of the Security Trustee, to deliver to the Security Trustee copies of all such records and papers; 

	 	(h)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Secondary Pledges or the effect of which results in
the Interests ceasing to exist; and 

  

	 	(i)	that all Future Interests will be fully paid and that there will be no obligation for a limited partner to make additional contributions. 

 

	8.2	Secondary Pledges over all Interests 

The Security Trustee may at all times for itself and for the Secondary Pledgees request to hold a pledge over all Interests held by the
Pledgor (and in the case of a merger an equivalent security interest over the interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Secondary Pledgees that: 

 

	 	(a)	the Existing Interests pledged hereunder are the only Interests in the Company in existence at the date hereof; 

 

	 	(b)	the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing
Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; and 

 

	 	(e)	the Existing Interests are, except for any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield
Interest Pledge Agreements and the Existing Senior Supplemental Interest Pledge Agreement, free from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for Interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

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

 

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Trustee nor the Secondary Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of
such loss or damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Trustee or of any of the Secondary Pledgees. 

	11.2	Indemnification 

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

 

	11.3	This Clause 11 (Indemnity) shall survive the termination of this Agreement under Clause 12.1 or otherwise. 

 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Secondary Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	12.2	Continuing Security 

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

	12.3	Independence 

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

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

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

 In particular, the Secondary Pledges shall not be affected and shall in any event extend to
any and all Interests in the Company even if the number or nominal value of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Trustee or the Secondary Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies
provided by law. 

  

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Secondary Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Trustee and/or the Secondary Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or
facsimile number of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Trustee from time to time.

  

	16.2	Language 

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

	17.	MAINTENANCE OF LIABLE CAPITAL 

  

	17.1	Each of the Finance Parties agrees not to enforce any security interest granted under this Agreement against the Pledgor irrespective of whether the Pledgor is
at the time of enforcement incorporated in Germany as a limited liability company (Gesellschaft mit beschränkter Haftung) (a German GmbH Security Grantor) or a limited partnership (Kommanditgesellschaft) of which the
general partner (Komplementär) is a limited liability company (a German GmbH & Co. KG Security Grantor) (a German GmbH Security Grantor or a German GmbH & Co. KG Security Grantor each hereinafter referred to as a
Relevant German Security Grantor), if and to the extent the security interests constituted under this Agreement secure obligations of a shareholder of the Relevant German Security Grantor and/or any German Affiliate (as defined below), in
each case other than any direct or indirect subsidiary of the Relevant German Security Grantor, and, if and to the extent the enforcement of any security interest constituted under this Agreement would cause: 

 

	 	(a)	the German GmbH Security Grantor’s, or in the case of the German GmbH & Co. KG Security Grantor its general partner’s, assets (the calculation of
which shall take into account the captions reflected in § 266 (2) A, B, C, D and E of the German Commercial Code (Handelsgesetzbuch)) less the German GmbH Security Grantor’s, or in case of a German GmbH & Co. KG
Security Grantor its general partner’s, liabilities, provisions and liability reserves (the calculation of which shall take into account the captions reflected in § 266 (3) B, C, D and E of the German Commercial Code) (the Net
Assets) to be less than the registered share capital (Stammkapital) of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor of the registered share capital of its general partner
(Begründung einer Unterbilanz); or 

	 	(b)	an increase of a shortfall, if the Net Assets of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor, of its general
partner, already fall short of the amount of the registered share capital (Vertiefung einer Unterbilanz). 

For the purposes of calculating the Net Assets loans and other contractual liabilities incurred in violation of the provisions of the
Finance Documents shall be disregarded. 
  

	17.2	In this Clause 17 (Maintenance of Liable Capital), the term German Affiliate refers to an affiliated company (verbundenes Unternehmen) of the Relevant
German Security Grantor within the meaning of §§ 15 et. seq. of the German Stock Corporation Act (Aktiengesetz). 

  

	17.3	Furthermore, the Relevant German Security Grantor shall, in a situation where 

 

	 	(a)	it does not have sufficient assets to maintain its capital; and 

  

	 	(b)	the Security Trustee would (but for this Clause) be entitled to enforce the security granted hereunder, 

realise any and all of its assets that (i) are shown in the balance sheet with a book value (Buchwert) which is significantly
lower than the market value of such assets, and (ii) are not necessary for the Relevant Company’s business (betriebsnotwendig). 
  

	17.4	Nothing in this Agreement shall be interpreted as a restriction or limitation of the enforcement of any security interest constituted under this Agreement if and
to the extent such security interest constituted under this Agreement secures own obligations of the relevant German Security Grantor or obligations of any of its direct or indirect subsidiaries. 

 

	18.	APPLICABLE LAW; JURISDICTION 

  

	18.1	Governing Law 

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

 

	18.2	Jurisdiction 

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

	19.	NOTIFICATION 

 The Pledgor
and the Secondary Pledgees hereby instruct and authorise the undersigned notary public to notify the Company of the Secondary Pledges by means of forwarding a certified copy of this Agreement to the Company by registered mail (return receipt
requested). 
 In order to create a second ranking pledge over the Interests in favour of the Secondary Pledgees, the undersigned
notary public is herewith instructed to only effect the notification of this Secondary Pledge after he has duly received the confirmation that the Company has duly received the notification of the Existing Supplemental Senior Interest Pledge
Agreement. 

 APPENDIX C. 9 

SUPPLEMENTAL SECONDARY INTEREST PLEDGE 

AGREEMENT 

RELATING TO THE INTERESTS IN 

KABEL DEUTSCHLAND VERMÖGEN GMBH & CO. KG 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS GMBH & CO. KG 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Trustee 

and 

LAW DEBENTURE TRUST COMPANY OF NEW YORK 

as High Yield Notes Trustee 

and 

THE FINANCE PARTIES 

 

 

 Allen & Overy LLP 

 CONTENTS 

 

					
	 	  	 	  	Page
	 Clause
	  	
			
	1.	  	Interpretation	  	144
	2.	  	Secondary Pledges	  	148
	3.	  	Independent Secondary Pledges	  	149
	4.	  	Security Purpose	  	150
	5.	  	Distributions	  	150
	6.	  	Exercise of Voting Rights	  	151
	7.	  	Enforcement of Secondary Pledges	  	151
	8.	  	Undertakings of the Pledgor	  	153
	9.	  	Representations and Warranties	  	153
	10.	  	Release of Security	  	154
	11.	  	Indemnity	  	154
	12.	  	Duration and Independence	  	155
	13.	  	Costs and Expenses	  	155
	14.	  	Partial Invalidity; Waiver	  	155
	15.	  	Amendments	  	156
	16.	  	Notices and their Language	  	156
	17.	  	Maintenance of Liable Capital	  	156
	18.	  	Applicable Law; Jurisdiction	  	157
	19.	  	Notification	  	157

 THIS SUPPLEMENTAL SECONDARY INTEREST PLEDGE AGREEMENT (the Agreement) is made on
4 February 2010 
 BETWEEN: 
  

	(1)	KABEL DEUTSCHLAND VERMÖGEN BETEILIGUNGS GMBH & CO. KG, a limited partnership (Kommanditgesellschaft) organised under the laws of Germany,
having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 84471,

 (the Pledgor) 

on one side; and 
  

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

(the Security Trustee); 
  

	(3)	 LAW DEBENTURE TRUST COMPANY OF NEW YORK, a limited purpose trust company organised under the laws of the State of New York, 767 Third Avenue, 31
st Floor, New York, NY 10017,

 (the High Yield Notes Trustee); and 

 

	(4)	THE FINANCE PARTIES as defined below in Clause 1.1 (Definitions). 

on the other side. 

The Security Trustee and the High Yield Notes Trustee are hereinafter referred to individually as an Original Secondary Pledgee and
together as the Original Secondary Pledgees. 
 The Pledgor and the Secondary Pledgees (as defined below) are hereinafter
collectively referred to as the Parties. 
 WHEREAS: 

 

	(A)	The Pledgor issued the High Yield Notes (as defined below) pursuant to the High Yield Indenture (as defined below) on the Issue Dates (as defined below).

  

	(B)	The security interests given on 1 July 2004 and on 27 July 2004 by, amongst others, the Pledgor to Deutsche Bank AG London as security trustee and Law
Debenture Trust Company of New York as high yield notes trustee on a second ranking basis have been released as of the date hereof and shall now be re-taken subject to and in accordance with the terms of the Priority Agreement (as defined below).

  

	(C)	According to the terms of an amendment agreement to the Priority Agreement (as defined below) Deutsche Bank AG London as former security trustee has resigned and the
new Security Trustee has assumed this position. 

	(D)	Under the Priority Agreement (as defined below), the Security Trustee is the joint and several creditor of each and every payment obligation of the Obligors towards the
High Yield Noteholders and/or the High Yield Notes Trustee under the Finance Documents (each as defined below). The High Yield Notes Trustee has acceded to the Priority Agreement by means of an accession agreement entered into on or about
2 July 2004 by, amongst others, the Security Trustee and the High Yield Notes Trustee, acting for itself and on behalf of the High Yield Noteholders (as defined below). 

 

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

  

	(F)	In connection with the granting of supplemental security in connection with the Credit Agreement Amendment Letter, the Pledgor has accepted to enter into this
Agreement. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

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

Additional High Yield Guarantor means a member of the Group which becomes a high yield guarantor under the Finance Documents after
the date of their execution. 
 Approved Additional High Yield Guarantor means any Additional High Yield Guarantor whose
obligations under the Finance Documents have after the date of their execution been specified by the relevant Finance Party to be secured by this Agreement. 

Business Day means each day that is not (i) a Saturday or a Sunday or (ii) any other day on which banking institutions in
Luxembourg City, Luxembourg, London, United Kingdom, Frankfurt am Main, Germany or New York, New York are authorised or required by law to close. 

Company means Kabel Deutschland Vermögen GmbH & Co. KG, a limited partnership (Kommanditgesellschaft)
organised under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under
registration number HRA 84511. 
 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended
and restated by an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, The Royal Bank of Scotland plc as
security agent, KDVS and KDG providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 add-on facilities. 

Dollar, dollar or $ means the currency of the United States of America. 

 Dollar Notes means $ 610,000,000 aggregate principal amount of 10.625 %
dollar-denominated senior notes due 2014 or any other dollar-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any dollar-denominated Exchange Securities). 

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

Euro Notes means Euro 250,000,000 aggregate principal amount of 10.750 % euro-denominated senior notes due 2014 or any other
euro-denominated notes issued pursuant to and in compliance with the High Yield Indenture (including but not limited to any euro-denominated Exchange Securities). 

Exchange Securities means the dollar and/or euro denominated debt securities issued and delivered by KDG in exchange for the
Initial Securities to the holders of transfer restricted securities pursuant to the High Yield Indenture as contemplated by the High Yield Registration Rights Agreement. 

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

Existing Interest(s) shall have the meaning ascribed to that term in Clause 2.1 below. 

Existing Senior Interest Pledge Agreement means: 
  

	 	(a)	the relevant interest pledge agreement between, amongst others, the Pledgor and The Royal Bank of Scotland plc as security agent and others as pledgees under the
notarial deed (roll of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; and 

 

	 	(b)	the relevant interest pledge agreement between, amongst others, the Second Limited Partner and The Royal Bank of Scotland plc as security agent and others as pledgees
under the notarial deed (roll of deeds No. G 241/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Second Ranking High Yield Interest Pledge Agreement means: 

 

	 	(a)	the relevant interest pledge agreement between, amongst others, the Pledgor and the Security Trustee and others as pledgees under the notarial deed (roll of deeds No. G
244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006; and 

  

	 	(b)	the relevant interest pledge agreement between, amongst others, the Second Limited Partner and the Security Trustee and others as pledgees under the notarial deed (roll
of deeds No. G 244/2006 of notary public Dr. Peter Gamon with his offices in Frankfurt a.M., Germany) dated 11/12 May 2006. 

Existing Supplemental Senior Interest Pledge Agreement means the supplemental interest pledge agreement relating to the interest in
Kabel Deutschland Vermögen GmbH & Co. KG dated on or about the date of this Agreement between, amongst others, Kabel Deutschland Vermögen Beteiligungs GmbH & Co. KG as pledgor and The Royal Bank of Scotland plc as
security agent and others as pledgees. 
 Facility Agent means The Royal Bank of Scotland plc, Niederlassung Frankfurt, a
public limited company, having its registered office at: 36 St. Andrew Square, EH2 2YB Edinburgh, Scotland, 

 
incorporated under the laws of Scotland and being registered with the Companies House under registration number SC 090312, acting through its Frankfurt Branch having its business address at:
Junghofstraße 22, 60311 Frankfurt am Main, Germany, and being registered with the commercial register of the local court of Frankfurt a.M. under registration number HRB 49147. 

Finance Document means: 
  

	 	(a)	the High Yield Notes; 

  

	 	(b)	the Exchange Securities; 

  

	 	(c)	the High Yield Indenture; 

  

	 	(d)	each Security Document; 

  

	 	(e)	the Priority Agreement; or 

  

	 	(f)	any other document designated as such by the Security Trustee and KDG. 

Finance Party means each of the Security Trustee, the High Yield Notes Trustee and any other person becoming a security trustee or
a high yield notes trustee under the High Yield Indenture (together the Finance Parties). 
 Future Interests means
any and all interests in the Company, other than the Existing Interests, which the Pledgor may acquire and/or receive otherwise by any cause at law in future. 

Future Secondary Pledgee means a Finance Party (other than the Security Trustee and the High Yield Notes Trustee). 

Germany means the Federal Republic of Germany. 

Group means KDG and its Subsidiaries. 

High Yield Guarantor means (i) KDVS or (ii) an Approved Additional High Yield Guarantor (together the High Yield
Guarantors). 
 High Yield Indenture means the indenture dated on or about 2nd July, 2004, made between, amongst
others, KDG, KDVS as High Yield Guarantor, the High Yield Notes Trustee, the Security Trustee and any other High Yield Guarantor relating to the issue of the High Yield Notes by KDG, and including any supplemental indenture entered into, amongst
others, by KDG with respect to the High Yield Indenture. 
 High Yield Notes means the Euro Notes and the Dollar Notes
issued pursuant to the High Yield Indenture. 
 High Yield Noteholders means each of the holders of the High Yield Notes.

 High Yield Registration Rights Agreement means the registration rights agreement dated on or about 2nd July, 2004,
made between, amongst others, KDVS, KDG, the High Yield Guarantors and Deutsche Bank AG London, Morgan Stanley & Co. International Limited, Citigroup Global Markets Limited, Goldman Sachs International and ABN Amro Bank N.V. relating to the
offer to exchange transfer restricted Initial Securities into a like aggregate amount of the Exchange Securities or the shelf registration of such Initial Securities. 

Initial Securities means each of the Euro Notes and Dollar Notes. 

 Issue Date means each of the date on or about 2nd July, 2004 and any date
thereafter on which High Yield Notes are issued under the High Yield Indenture (together the Issue Dates). 
 KDG
means Kabel Deutschland GmbH a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of Germany, having its corporate seat in Unterföhring (Landkreis München), Germany, which is
registered in the commercial register (Handelsregister) at the local court (Amtsgericht) of Munich under registration number HRB 145837. 

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

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a High Yield Guarantor (together the Obligors). 
 Party means each of the Pledgor and the Secondary Pledgees
(together the Parties). 
 Priority Agreement means the priority agreement originally dated 29 March 2004, as
amended and restated pursuant to a supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May
2006 made between, amongst others, KDG, KDVS, the Mandated Lead Arrangers, the Facility Agent, the Security Trustee and certain other creditors of the Group. 

Second Limited Partner means Kabel Deutschland Vertrieb und Service GmbH & Co KG, a limited partnership
(Kommanditgesellschaft) organised under the laws of Germany, having its corporate seat in Unterföhring, (Landkreis München), Germany, which is registered in the commercial register (Handelsregister) at the local court
(Amtsgericht) of Munich under registration number HRA 83902. 
 Secondary Pledge means any and all pledges
constituted under this Agreement. 
 Secondary Pledgee means an Original Secondary Pledgee or a Future Secondary Pledgee
(together the Secondary Pledgees). 
 Secured Claims means all present and future rights and claims
(Ansprüche) (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of the Finance Parties against any of the Obligors under the Finance Documents, each as amended, restated, varied,
supplemented, novated or extended from time to time, including, without limitation, any increase of principal or interest, in each case together with all costs, charges and expenses incurred by the Finance Parties in connection with the protection,
preservation or enforcement of their respective rights under the Finance Documents. 
 Security means any and all security
granted to secure the Secured Claims. 

 Security Documents means any mortgages, pledges, assignments, transfers or other
documents creating security for the obligations of the Obligors under the Finance Documents. 
 Security Trust Agreement
means the security trust agreement dated 12 May 2006 between, amongst others, KDG and KDVS as security grantors, the Security Trustee and the other Finance Parties pursuant to which, inter alia, the Security Trustee has been
appointed to act as trustee (Treuhänder) under German law in relation to any German law governed Security Document. 

Interests means the Existing Interests and the Future Interests. 

Subsidiary means any of: 
  

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

 

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

 

	1.2	Construction 

  

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

  

	 	(i)	the Security Trustee means the Security Trustee acting as agent for and on behalf of the Secondary Pledgees unless otherwise provided herein; and

  

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

 

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

 

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

 

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

  

	 	(aaa)	Whenever in this Agreement reference is made to the Security Trustee such reference shall be deemed to be a reference to the Security Trustee acting as trustee for and
on behalf of the Secondary Pledgees, unless otherwise provided herein. 

  

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

 

	2.	SECONDARY PLEDGES 

  

	2.1	Pledged Limited Partner’s Interest 

  

	 	(a)	The Pledgor and the Second Limited Partner are the only limited partners (Kommanditisten) of the Company as of the date of this Agreement.

  

	 	(b)	The Company’s sole general partner (Komplementär) is Kabel Deutschland Verwaltungs GmbH which does not hold any interest (Kapitalanteil) in the
Company. 

	 	(c)	The Pledgor holds limited partners’ interests (Kommanditanteil/Mitgliedschaft) representing 0% of the capital interests in the Company (the
Existing Interests) but its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand). 

  

	 	(d)	The Second Limited Partner holds limited partners’ interests (Kommanditanteil/Mitgliedschaft) representing 100% of the capital interests in the
Company. Its capital interest (Kapitalanteil) currently amounts to EUR 1,000 (in words: Euro one thousand) and its liable capital (Haftsumme) amounts to EUR 1,000 (in words: Euro one thousand). 

 

	 	(e)	The Existing Interests are fully paid up. There is no obligation for the Pledgor to make any additional contributions. 

 

	2.2	Constitution of Secondary Pledges 

  

	 	(a)	The Pledgor hereby pledges the Interests to each Original Secondary Pledgee and to each Future Secondary Pledgee for their rateable interest as Security.

  

	 	(b)	Each of the Original Secondary Pledgees hereby accepts the Secondary Pledge. In addition, the Security Trustee accepts each of the Secondary Pledges for and on behalf
of each Future Secondary Pledgee hereunder as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Secondary Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust
Agreement, thereby becoming a Secondary Pledgee. All Parties hereto confirm that the validity of any of the Secondary Pledges constituted hereunder shall not be affected by the Security Trustee acting as proxy without power of attorney for each
Future Secondary Pledgee. 

  

	3.	INDEPENDENT SECONDARY PLEDGES 

  

	 	(a)	The validity and effect of each of the Secondary Pledges shall be independent from the validity and the effect of any of (i) the other Secondary Pledges created
hereunder and (ii) any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing Supplemental Senior Interest Pledge Agreement and is
in addition, and without any prejudice, to any other Security which any and all of the Secondary Pledgees may now or hereafter hold in respect of the Secured Claims. Each of the Secondary Pledges to each of the Secondary Pledgees shall be separate
and individual second ranking pledges. Each of the Secondary Pledges shall rank pari passu to each other Secondary Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact, that the Interests have already been pledged pursuant to the Existing Senior Interest Pledge Agreements, the Existing Second Ranking
High Yield Interest Pledge Agreements and the Existing Senior Supplemental Interest Pledge Agreements, shall not in any way prejudice the creation of the Secondary Pledges under and pursuant to this Agreement, in respect of which the Parties confirm
their common understanding that they rank behind (nachrangig) to any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing
Supplemental Senior Interest Pledge Agreements, as long as any security interest constituted under the Existing Senior Interest Pledge Agreements and/or the Existing Second Ranking High Yield Interest Pledge Agreements and/or the Existing
Supplemental Senior Interest Pledge Agreements are in full force and effect. The Parties confirm that it is understood between them that the enforceability of the Secondary Pledges, to the extent the Secondary Pledges relate to monetary receivables,
is limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and/or the Existing Senior
Supplemental Interest Pledge Agreements. 

	 	(c)	The Parties further acknowledge that any provision dealing with the enforcement of any Secondary Pledge made in the Priority Agreement shall apply.

  

	 	(d)	Any security interest and pledge constituted under any of the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge
Agreements and the Existing Senior Supplemental Interest Pledge Agreements and any other term and agreement of any of Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield Interest Pledge Agreements and the Existing
Senior Supplemental Interest Pledge Agreements shall remain unaffected by the terms of and any security interest constituted under this Agreement. 

  

	4.	SECURITY PURPOSE 

 The
Secondary Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	DISTRIBUTIONS 

  

	5.1	Extent of the Pledge 

 The
Secondary Pledge constituted by this Agreement includes the present and future rights of the Pledgor to receive 
  

	 	(a)	distributions (Entnahmen), if any, payable on any of the Interests; and 

 

	 	(b)	liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination
(Kündigung) or withdrawal (Austritt) of the Pledgor of the Company (Abfindungsanspruch bei Ausscheiden), the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with any of the
Interests. 

  

	5.2	Entitlement to Distributions 

Notwithstanding that the right to receive and make distributions (Entnahmen) are pledged hereunder, the Pledgor shall be entitled
to make, receive and retain all such distributions until the requirements for enforcement referred to under Clause 7 below are met and unless the Facility Agent has notified the Pledgor that any distributions in respect of the Interests are no
longer permitted to be made by the Pledgor, in which case such distributions are to be made to the Security Trustee. 
  

	5.3	Pledgees’ Rights 

Notwithstanding Clause 5.2 above: 
  

	 	(a)	distributions paid or payable to the Pledgor other than in cash and other property received, receivable or otherwise distributed in respect of or in exchange for the
Interests; 

  

	 	(b)	other distributions paid or payable to the Pledgor in cash in respect of the Interests in connection with the partial or total liquidation or dissolution or in
connection with the reduction of capital, capital surplus or paid-in surplus; and 

	 	(c)	cash paid, payable or otherwise distributed to the Pledgor in respect of principal of, or in redemption of, or in exchange for the Interests; 

 

	 	(d)	distributions paid to the Security Trustee in accordance with Clause 5.2 above, 

shall be and shall forthwith be delivered to the Security Trustee for itself and for the other Secondary Pledgees to be held as security
and shall, if received by the Pledgor, be received as holder for the Secondary Pledgees and segregated from the other property or funds of the Pledgor and be forthwith delivered to the Security Trustee for itself and for the Secondary Pledgees as
security in the same form as so received (with any necessary endorsement). Any further reaching obligations of the relevant Company and/or the Pledgor in respect of the use of profits and/or distributions shall not be affected by this Clause 5.3.

  

	6.	EXERCISE OF VOTING RIGHTS 

  

	6.1	Voting Rights 

 The voting
rights resulting from the Interests remain with the Pledgor. This shall, however, not affect the obligations of the Pledgor under Clause 8.1 below. The Pledgor shall at all times until the full and complete satisfaction of all Secured Claims or
the release of the Secondary Pledges be required, in exercising its voting rights, to act in good faith to ensure that the Secondary Pledges are not in any way adversely affected. 

 

	6.2	Impairment 

 The Pledgor
shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Secondary Pledgees or the security purpose as described in Clause 4 hereof or defeat, impair or
circumvent the rights of the Secondary Pledgees hereunder in each case in any respect. 
  

	6.3	Information by the Pledgor 

The Pledgor shall inform the Secondary Pledgees promptly of all other actions concerning the Company which might adversely affect the
security interest of the Secondary Pledgees. In particular, the Pledgor shall notify the Secondary Pledgees forthwith of any partners’ meeting at which a resolution is intended to be adopted which could be expected to have an adverse effect
upon the Secondary Pledges. In any event the Secondary Pledgees shall promptly receive, as soon as they are available, a copy of the convocation notice for such ordinary or extraordinary partners’ meeting setting forth the agenda (to the extent
it relates to such resolution) and all applications and decisions to be taken and the minutes of any such partners’ meeting (in each case to the extent they relate to such resolution). 

 

	7.	ENFORCEMENT OF SECONDARY PLEDGES 

  

	7.1	Secondary Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife), and (iii) the Event of Default has not been remedied within 5 (five) Business Days following the receipt of a notification in accordance with Clause 7.1(b),
the Secondary Pledgees may enforce any of the Secondary Pledges (or any part thereof), through the Security Trustee by way of public auction (öffentliche Versteigerung) or in any other way permitted under German law, in all cases
notwithstanding § 1277 of the German Civil Code without any enforceable judgement or other instrument (vollstreckbarer Titel). 

	 	(b)	The Security Trustee shall notify the Pledgor of the intention to realise any of the Secondary Pledges over the Interests not less than 5 (five) Business Days before
the date on which the respective Secondary Pledge is intended to be realised. The Pledgor expressly agrees that in the event of a realisation by way of public auction 5 (five) Business Days prior written notice of the place and time of any such
public auction shall be sufficient. The public auction may be held at any place in Germany which will be determined by the Security Trustee. 

  

	 	(c)	If the Security Trustee should seek to enforce any of the Secondary Pledges pursuant to, and in accordance with Clause 7.1(a) above, the Pledgor shall, at its own
expense, render forthwith all assistance necessary in order to facilitate the prompt sale of the Interests or any part thereof and/or the exercise by the Security Trustee of any other right the Secondary Pledgees may have under German law.

  

	 	(d)	The Secondary Pledges will be realised to the extent necessary to discharge in full the Secured Claims. The Secondary Pledgees shall at all times until the full and
complete satisfaction of all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interests of the Pledgor. 

 

	 	(e)	In derogation of § 1225 of the German Civil Code, in the event of enforcement of any of the Secondary Pledges, no rights of the Secondary Pledgees shall pass to
the Pledgor by subrogation or otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Trustee shall be entitled to treat all enforcement proceeds as additional collateral for the
Secured Claims, notwithstanding its right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the complete unconditional, irrevocable and full payment and discharge of all Secured Claims any remaining proceeds resulting from the enforcement of any of the
Secondary Pledges (or part thereof) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

	7.2	Ancillary Rights 

Provided that the requirements for enforcement referred to under Clause 7.1(a) above are met, all payments based on ancillary rights
attributed to the Interests may be applied by the Security Trustee in satisfaction in whole or in part of the Secured Claims notwithstanding the Secondary Pledgees’ right to treat such payments as additional collateral. 

 

	7.3	Application of Proceeds 

  

	 	(a)	The proceeds resulting from the enforcement of any of the Secondary Pledges shall be applied by the Security Trustee towards the satisfaction of the Secured Claims,
subject to, and in accordance with, the relevant provisions of the Priority Agreement. 

  

	 	(b)	The Security Trustee may determine which part of the Security, if applicable, shall be used to satisfy the Secured Claims. 

 

	7.4	Release of Pledged Rights 

Upon the full and complete satisfaction of all Secured Claims the Security Trustee shall confirm to the Pledgor upon request that the
Interests are released from the Secondary Pledges and retransfer to the Pledgor any documents received by the Security Trustee or any designee pursuant to Clause 8.1(e) hereof. 

	8.	UNDERTAKINGS OF THE PLEDGOR 

  

	8.1	Undertakings 

 The Pledgor
undertakes 
  

	 	(a)	to notify the Security Trustee promptly of any change in the partnership in, or the capital contributions to, the Company or of any change in the partnership agreement
(Gesellschaftsvertrag) or the registration of the Company in the Commercial Register other than with respect to holders of a statutory power of attorney (Prokura); 

 

	 	(b)	to notify the Security Trustee promptly of any event or circumstance other than interpretation of law which affects or is reasonably likely to affect the validity or
enforceability of the security interest granted hereunder; 

  

	 	(c)	to effect promptly any payments to be made to the Company in respect of the Interests; 

 

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

 

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

 

	 	(f)	if the Secondary Pledges have become enforceable pursuant to Clause 7.1, for facilitating the realisation of all or any part of the Interests which are subject to
this Agreement and the exercise of all powers, authorities and discretions vested in the Security Trustee, 

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

  

	 	(g)	at the Security Trustee’s reasonable request, to furnish to the Security Trustee such information concerning the Interests as is available to the Pledgor, to
permit the Security Trustee and its designees to inspect, audit and make copies of and extracts from all records and all other papers in the possession of the Pledgor which pertain to the Interests on reasonable notice and during normal business
hours, and, upon the reasonable request of the Security Trustee, to deliver to the Security Trustee copies of all such records and papers; 

  

	 	(h)	to refrain from any acts or omissions which might have an adverse effect on the validity or enforceability of the Secondary Pledges or the effect of which results in
the Interests ceasing to exist; and 

  

	 	(i)	that all Future Interests will be fully paid and that there will be no obligation for a limited partner to make additional contributions. 

 

	8.2	Secondary Pledges over all Interests 

The Security Trustee may at all times for itself and for the Secondary Pledgees request to hold a pledge over all Interests held by the
Pledgor (and in the case of a merger an equivalent security interest over the interests in the surviving or, as the case may be, the new company) in accordance with all terms of this Agreement. 

 

	9.	REPRESENTATIONS AND WARRANTIES 

The Pledgor represents and warrants to the Secondary Pledgees that: 

 

	 	(a)	the Existing Interests pledged hereunder are the only Interests in the Company in existence at the date hereof; 

	 	(b)	the Pledgor is not subject to any restriction of any kind with regard to the transfer of, or the granting of a pledge in, or any other disposal of, the Existing
Interests; 

  

	 	(c)	all necessary corporate action has been taken to authorise the entry into and delivery of this Agreement; 

 

	 	(d)	the Existing Interests are fully paid and there is no obligation for the Pledgor to make additional contributions; and 

 

	 	(e)	the Existing Interests are, except for any security interest constituted under the Existing Senior Interest Pledge Agreements, the Existing Second Ranking High Yield
Interest Pledge Agreements and the Existing Senior Supplemental Interest Pledge Agreement, free from any rights of third parties; 

  

	 	(f)	no third party has any pre-emption rights for Interests in the Company; and 

 

	 	(g)	there is no party (other than the Pledgor) which is entitled to participate in the profits or revenues of the Company. 

 

	10.	RELEASE OF SECURITY 

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

 

	11.	INDEMNITY 

  

	11.1	Liability for Damages 

Neither the Security Trustee nor the Secondary Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of
such loss or damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Trustee or of any of the Secondary Pledgees. 

 

	11.2	Indemnification 

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

 

	11.3	This Clause 11 (Indemnity) shall survive the termination of this Agreement under Clause 12.1 or otherwise. 

	12.	DURATION AND INDEPENDENCE 

  

	12.1	Duration 

 This Agreement
shall remain in full force and effect until the full and complete satisfaction of the Secured Claims. None of the Secondary Pledges shall cease to exist if any payments made in satisfaction of the Secured Claims have only temporarily discharged the
Secured Claims. 
  

	12.2	Continuing Security 

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

	12.3	Independence 

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

	13.	COSTS AND EXPENSES 

 Any
notarial fees and expenses incurred in connection with the execution of this Agreement shall be borne by the Pledgor. The Pledgor must pay to each Finance Party the amount of all costs and expenses (including the costs and expenses of legal
advisers) incurred by it in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 
  

	14.	PARTIAL INVALIDITY; WAIVER 

  

	14.1	Invalidity 

 If any
provision of this Agreement or any part thereof should be or become invalid or unenforceable, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be replaced by that provision which
best meets the intent of the replaced provision. 
 In particular, the Secondary Pledges shall not be affected and shall in any
event extend to any and all Interests in the Company even if the number or nominal value of the Existing Interests or the liable capital of the Company as stated in Clause 2.1 are inaccurate and deviate from the actual facts. 

 

	14.2	Waiver 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Trustee or the Secondary Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies
provided by law. 

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of any of the
Secondary Pledges created hereunder. 

  

	15.	AMENDMENTS 

 Changes and
amendments of this Agreement including this Clause 15 shall be made in writing. 
  

	16.	NOTICES AND THEIR LANGUAGE 

  

	16.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Trustee and/or the Secondary Pledgees shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or
facsimile number of the party, and for the attention of the individual, set forth in Schedule 1 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Trustee from time to time.

  

	16.2	Language 

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

	17.	MAINTENANCE OF LIABLE CAPITAL 

  

	17.1	Each of the Finance Parties agrees not to enforce any security interest granted under this Agreement against the Pledgor irrespective of whether the Pledgor is
at the time of enforcement incorporated in Germany as a limited liability company (Gesellschaft mit beschränkter Haftung) (a German GmbH Security Grantor) or a limited partnership (Kommanditgesellschaft) of which the
general partner (Komplementär) is a limited liability company (a German GmbH & Co. KG Security Grantor) (a German GmbH Security Grantor or a German GmbH & Co. KG Security Grantor each hereinafter referred to as a
Relevant German Security Grantor), if and to the extent the security interests constituted under this Agreement secure obligations of a shareholder of the Relevant German Security Grantor and/or any German Affiliate (as defined below), in
each case other than any direct or indirect subsidiary of the Relevant German Security Grantor, and, if and to the extent the enforcement of any security interest constituted under this Agreement would cause: 

 

	 	(a)	the German GmbH Security Grantor’s, or in the case of the German GmbH & Co. KG Security Grantor its general partner’s, assets (the calculation of
which shall take into account the captions reflected in § 266 (2) A, B, C, D and E of the German Commercial Code (Handelsgesetzbuch)) less the German GmbH Security Grantor’s, or in case of a German GmbH & Co. KG
Security Grantor its general partner’s, liabilities, provisions and liability reserves (the calculation of which shall take into account the captions reflected in § 266 (3) B, C, D and E of the German Commercial Code) (the Net
Assets) to be less than the registered share capital (Stammkapital) of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor of the registered share capital of its general partner
(Begründung einer Unterbilanz); or 

	 	(b)	an increase of a shortfall, if the Net Assets of the German GmbH Security Grantor, or in the case of a German GmbH & Co. KG Security Grantor, of its general
partner, already fall short of the amount of the registered share capital (Vertiefung einer Unterbilanz). 

For the purposes of calculating the Net Assets loans and other contractual liabilities incurred in violation of the provisions of the
Finance Documents shall be disregarded. 
  

	17.2	In this Clause 17 (Maintenance of Liable Capital), the term German Affiliate refers to an affiliated company (verbundenes Unternehmen) of the Relevant
German Security Grantor within the meaning of §§ 15 et. seq. of the German Stock Corporation Act (Aktiengesetz). 

  

	17.3	Furthermore, the Relevant German Security Grantor shall, in a situation where 

 

	 	(a)	it does not have sufficient assets to maintain its capital; and 

  

	 	(b)	the Security Trustee would (but for this Clause) be entitled to enforce the security granted hereunder, 

realise any and all of its assets that (i) are shown in the balance sheet with a book value (Buchwert) which is significantly
lower than the market value of such assets, and (ii) are not necessary for the Relevant Company’s business (betriebsnotwendig). 
  

	17.4	Nothing in this Agreement shall be interpreted as a restriction or limitation of the enforcement of any security interest constituted under this Agreement if and
to the extent such security interest constituted under this Agreement secures own obligations of the relevant German Security Grantor or obligations of any of its direct or indirect subsidiaries. 

 

	18.	APPLICABLE LAW; JURISDICTION 

  

	18.1	Governing Law 

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

 

	18.2	Jurisdiction 

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

	19.	NOTIFICATION 

 The Pledgor
and the Secondary Pledgees hereby instruct and authorise the undersigned notary public to notify the Company of the Secondary Pledges by means of forwarding a certified copy of this Agreement to the Company by registered mail (return receipt
requested). 
 In order to create a second ranking pledge over the Interests in favour of the Secondary Pledgees, the undersigned
notary public is herewith instructed to only effect the notification of this Secondary Pledge after he has duly received the confirmation that the Company has duly received the notification of the Existing Supplemental Senior Interest Pledge
Agreement.Supplemental Account Pledge Agreement KDG

 Exhibit 4.28 

EXECUTION COPY 

SUPPLEMENTAL ACCOUNT PLEDGE AGREEMENT 

DATED 4 FEBRUARY 2010 

between 

KABEL DEUTSCHLAND GMBH 

as Pledgor 

and 

THE ROYAL BANK OF SCOTLAND PLC 

as Security Agent 

and 

THE OTHER FINANCE PARTIES 

 
 Frankfurt 

 CONTENTS 

 

					
	1.	  	Interpretation	  	2
	2.	  	Pledges	  	11
	3.	  	Independent Pledges	  	11
	4.	  	Security Purpose	  	12
	5.	  	The Pledgor’s Right	  	12
	6.	  	The Pledgees’ Right of Realisation	  	12
	7.	  	Undertakings	  	13
	8.	  	Release of Security	  	14
	9.	  	Waiver of Defences	  	14
	10.	  	Indemnity	  	15
	11.	  	Duration and Independence	  	15
	12.	  	Costs and Expenses	  	15
	13.	  	Partial Invalidity	  	16
	14.	  	Amendments	  	16
	15.	  	Notices and their Language	  	16
	16.	  	Applicable Law; Jurisdiction	  	16
		
	Signatories	  	17

 THIS SUPPLEMENTAL ACCOUNT PLEDGE AGREEMENT (the Agreement) is made on 4 February 2010

 BETWEEN: 
  

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

 (the Pledgor) 

on one side; 
  

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

(the Security Agent); and 
  

	(3)	the other FINANCE PARTIES as defined in Clause 1.1 below, 

on the other side. 
 The
Security Agent and each Original Finance Party (as defined below) are hereinafter referred to individually as an Original Pledgee and together as the Original Pledgees. 

The Pledgor and the Pledgees (as defined below) are hereinafter collectively referred to as the Parties. 

WHEREAS: 
  

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

  

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

  

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

  

 1 

 IT IS AGREED as follows: 

 

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 Account Bank means each bank where an Account is held or all of them. 

Accounts means the accounts listed in Schedule 1 (Pledged Accounts) hereto including any and all sub-accounts
(Unterkonten) and any and all accounts which will be opened by the Pledgor after the date hereof. 
 Accounting
Principles means accounting principles, policies, standards, bases and practices which, as at the date of the Credit Agreement, are in accordance with the German generally accepted accounting principles (Grundsätze
ordnungsgemäßer Buchführung und Bilanzierung). 
 Acquisition means 

 

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

 

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

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

Add-On Facility Accession Agreement means 
  

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

  

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

  

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

  

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

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

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

 

 2 

 Add-On Facility means 

 

	 	(a)	the Facility A1; 

  

	 	(b)	the Facility C; 

  

	 	(c)	the Facility C1; 

  

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

 

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

Add-On Facility Lender means: 
  

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

  

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

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

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

Ancillary Facility Document means any document evidencing any Ancillary Facility. 

Ancillary Lender means any lender providing for an Ancillary Facility. 

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

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

 

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

  

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

 BGB means the German Civil Code (Bürgerliches Gesetzbuch). 

 

 3 

 Borrower means KDVS or an Additional Borrower. 

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

Core Business means: 
  

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

  

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

 

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

 Credit Agreement means the senior credit agreement dated 13 March 2006, as amended and restated by
an amendment letter dated 19 July 2007 and as further amended and supplemented by the Credit Agreement Amendment Letter, between, amongst others, the Mandated Lead Arrangers, the Facility Agent, the Security Agent, KDVS, KDG and the Original
Lenders providing for EUR 1,475,000,000 senior credit facilities and up to EUR 2,275,000,000 Add-On Facilities. 
 Eligible
Terms means, in respect of any Additional Facility: 
  

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

  

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

 

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

  

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

 

 4 

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

  

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

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

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

Existing Pledge Agreement means the account pledge agreement dated 12 May 2006 between, amongst others, the Pledgor and the
Security Agent and others as pledgees. 
 External Facility means any credit agreement which has Eligible Terms.

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

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

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

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

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

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

 5 

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

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

	 	(a)	the Credit Agreement; 

  

	 	(b)	the Commitment Letter; 

  

	 	(c)	a Fee Letter; 

  

	 	(d)	an Obligor Accession Deed; 

  

	 	(e)	a Transfer Certificate; 

  

	 	(f)	an Ancillary Facility Document; 

  

	 	(g)	the Hedging Letter; 

  

	 	(h)	an Add-On Facility Accession Agreement; 

  

	 	(i)	a Hedging Document; 

  

	 	(j)	a Security Document; 

  

	 	(k)	the Priority Agreement; 

  

	 	(l)	a Compliance Certificate; 

  

	 	(m)	a Request; and 

  

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

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

Future Pledgee means any person that becomes a party to any Finance Document as a Finance Party after the date of this Agreement.

 Germany means the Federal Republic of Germany. 

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

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

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

Hedging Bank means: 
  

	 	(a)	each Original Hedging Bank; or 

  

 6 

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

Hedging Document means 
  

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

 

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

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

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

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

 

	 	(a)	any Original Lender; 

  

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

  

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

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

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

	 	(c)	Goldman Sachs International; and 

  

	 	(d)	J.P. Morgan plc. 

 Obligor
means KDG or a Borrower. 
  

 7 

 Obligor Accession Deed means a deed of accession pursuant to which any person or
entity accedes, inter alia, to the Credit Agreement as Additional Borrower. 
 Original Add-On Facility Lender means each
of the entities listed in Schedule 4 Part 2 of this Agreement. 
 Original Directly Secured Lender means each of the
entities listed in Schedule 5 of this Agreement. 
 Original Finance Party means 

 

	 	(a)	each Administrative Party; 

  

	 	(b)	each Underwriter; 

  

	 	(c)	each Original Directly Secured Lender; and 

  

	 	(d)	each Original Hedging Bank. 

Original Hedging Bank means each of: 
  

	 	(a)	Goldman Sachs International; 

  

	 	(b)	Morgan Stanley Capital Services Inc.; 

  

	 	(c)	Société Générale; 

  

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

  

	 	(e)	The Royal Bank of Scotland plc; 

  

	 	(f)	BNP Paribas S.A.; 

  

	 	(g)	Deutsche Bank AG, London; 

  

	 	(h)	HSBC Bank plc; 

  

	 	(i)	Calyon S.A.; and 

  

	 	(j)	Bank of Scotland plc. 

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

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

  

 8 

 Pledge means each of the pledges constituted under Clause 2.2. 

Pledgee means each Original Pledgee and any Future Pledgee (together the Pledgees). 

Priority Agreement means the priority agreement originally dated 29 March 2004, as amended and restated pursuant to a
supplemental agreement dated 27 May 2004, as further amended and restated by a supplemental agreement dated 1 July 2004 and as further amended and restated by a supplemental agreement dated 9 May 2006 made between, amongst others,
KDG, KDVS, the Facility Agent and the Lenders are parties in connection with the Credit Agreement. 
 Request means any
request for the draw down of any credit facility under the Credit Agreement by any Obligor. 
 Secured Claims means all
present and future rights and claims (Ansprüche) (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of any of the Finance Parties against any of the Obligors under the Finance
Documents, each as amended, restated, varied, supplemented, novated or extended from time to time, including, without limitation, any Joint and Several Creditor Claim, any increase of principal or interest, in each case together with all costs,
charges and expenses incurred by the Finance Parties (or any of them) in connection with the protection, preservation or enforcement of their respective rights under the Finance Documents. 

Security means any and all security granted to secure the Secured Claims. 

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

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

Subsidiary means any of: 
  

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

 

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

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

 9 

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

 

	 	(a)	The Royal Bank of Scotland plc; 

  

	 	(b)	Deutsche Bank AG London; 

  

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

  

	 	(d)	JPMorgan Chase Bank, N.A. 

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

	1.2	Construction 

  

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

  

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

 

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

 

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

 

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

 

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

  

 10 

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

  

	 	(f)	In case of a conflict between the Credit Agreement and this Agreement, this Agreement shall prevail. 

 

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

 

	2.	PLEDGES 

  

	2.1	Constitution of the Pledges 

  

	 	(a)	The Pledgor hereby pledges as security the present and future credit balance on each of the Accounts including all interest payable thereon, together with all ancillary
rights and claims associated with such Accounts to each of the Original Pledgees and to each Future Pledgee for their rateable interest. 

  

	 	(b)	Each of the Original Pledgees hereby accepts the Pledge. In addition, the Security Agent accepts each of the Pledges for and on behalf of each Future Pledgee hereunder
as proxy without power of attorney (Vertreter ohne Vertretungsmacht). Each Future Pledgee will ratify such acceptance for itself by executing an accession agreement to the Security Trust Agreement being substantially in the form as set out in
Schedule 3 to this Agreement thereby becoming a Pledgee. All Parties hereto confirm that the validity of any of the Pledges constituted hereunder shall not be affected by the Security Agent acting as proxy without power of attorney for each Future
Pledgee. 

  

	2.2	Additional Security 

 The
Pledge is in addition, and without prejudice, to any other security any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. 
  

	3.	INDEPENDENT PLEDGES 

  

	 	(a)	The validity and effect of each of the Pledges shall be independent from the validity and the effect of any of the other Pledges created hereunder and is in addition,
and without any prejudice, to any other security which any and all of the Pledgees may now or hereafter hold in respect of the Secured Claims. Each Pledge to each of the Pledgees shall be a separate and individual pledge. Each of the Pledges shall
rank pari passu to each other Pledge created hereunder. 

  

	 	(b)	The Parties agree that the fact that the Accounts have already been pledged pursuant to the Existing Pledge Agreement shall not in any way prejudice the creation of the
Pledges under and pursuant to this Agreement, in respect of which the Parties confirm their common understanding that they rank behind (nachrangig) to any security interest constituted under the Existing Pledge Agreement, as long as any
security interest constituted under the Existing Pledge Agreement is in full force and effect . The Parties confirm that it is understood between them that the enforceability of the Pledges, to the extent the Pledges relate to monetary receivables,
is limited by operation of law as long as it is encumbered with any security interest constituted under the Existing Pledge Agreement. 

  

 11 

	 	(c)	Any security interest constituted under the Existing Pledge Agreement and any other term and agreement of the Existing Pledge Agreement shall remain unaffected from the
terms of and any security interest constituted under this Agreement. 

  

	4.	SECURITY PURPOSE 

 The
Pledge is constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims. 
  

	5.	THE PLEDGOR’S RIGHT 

Prior to the fulfilment of the conditions set forth in Clause 6.1(a), receipt of a notice in accordance with Clause 6.1(b) and the
Pledgees acting through the Security Agent giving notice to the contrary to the Account Bank, the Pledgor shall have the right to exercise all rights and powers in respect of each of the Accounts without limitation. 

 

	6.	THE PLEDGEES’ RIGHT OF REALISATION 

  

	6.1	Pledgees’ Rights 

  

	 	(a)	If (i) an Event of Default has occurred, (ii) the requirements set forth in §§ 1204 et seq. of the German Civil Code (Bürgerliches
Gesetzbuch) with regard to the enforcement of pledges are met (Pfandreife) and (iii) the Event of Default has not been remedied within 5 Business Days following the receipt of a notification in accordance with Clause 6.1(b), the
Pledgees may enforce the Pledge (or any part thereof) through the Security Agent in any way permitted under German law, in all cases notwithstanding § 1277 of the German Civil Code without any enforceable judgment or other instrument
(vollstreckbarer Titel). 

  

	 	(b)	The Security Agent shall notify the Pledgor of the intention to realise the Pledges (or any of them) with a period of notice of no less than 5 (five) Business Days.

  

	 	(c)	If the Security Agent should seek to enforce the Pledges pursuant to, and in accordance with Clause 6.1(a) above, the Pledgor shall, at his own expense, render
forthwith all assistance necessary in order to facilitate the prompt exercise by the Security Agent of any other right the Pledgees may have under German law. 

 

	 	(d)	The Pledge will be realised to the extent necessary to satisfy in full the Secured Claims. The Pledgees shall at all times until the full and complete satisfaction of
all the Secured Claims in exercising their rights under this Agreement take into consideration the legitimate interest of the Pledgor. 

  

	 	(e)	In derogation of § 1225 of the German Civil Code in the event of enforcement of the Pledges, no rights of the Pledgees shall pass to the Pledgor by subrogation or
otherwise unless and until all of the Secured Claims have been satisfied and discharged in full. Until then, the Security Agent shall be entitled to treat all enforcement proceeds as additional collateral for the Secured Claims, notwithstanding its
right to seek satisfaction from such proceeds at any time. 

  

	 	(f)	After the unconditional, irrevocable and full and complete satisfaction of all Secured Claims any remaining proceeds resulting from the enforcement of the Pledges (or
any of them) shall be transferred to the Pledgor at the cost and expense of the Pledgor. 

  

 12 

	6.2	Collection and application of proceeds 

  

	 	(a)	The Security Agent will enforce the Pledges by collecting the credit balances from the Accounts as is necessary to satisfy any outstanding due Secured Claims.

  

	 	(b)	The proceeds resulting from the enforcement of the Pledge shall be applied by the Security Agent towards the satisfaction of the Secured Claims in accordance with the
relevant provisions of the Priority Agreement. 

  

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

 

	6.3	Release of Pledged Rights 

Upon full and complete satisfaction of all Secured Claims the Security Agent shall confirm to the Pledgor upon its request that the
Accounts (or any of them) are released from the Pledge. 
  

	7.	UNDERTAKINGS 

  

	7.1	Payments 

 The Pledgor
undertakes to procure that all its present and future receivables are and will be duly paid into the Accounts and that any and all of its debtors will be instructed to make payment into the Accounts. 

 

	7.2	Notification 

 The Pledgor
hereby instructs and authorises the Security Agent to notify the Account Banks and, if necessary, any other relevant third party, of this Agreement in substantially the form set out in Schedule 2 Part 1 (in the English or the German
language) hereto requesting it to acknowledge receipt of the notification and acceptance of the terms thereof to the Pledgees in substantially the form set out in Schedule 3 Part 2 (in the English or the German language) hereto.

  

	7.3	Sole Accounts 

 The
Pledgor warrants that it does not currently hold any other bank account than the Accounts set forth in Schedule 1 hereto and it undertakes that upon the opening of any other account in Germany or abroad after the date hereof, it will
immediately notify the Security Agent. 
  

	7.4	General Business Conditions 

The Pledgor undertakes to use best efforts to procure that each Account Bank subordinates, as soon as possible, any existing pledge it may
hold, including, but without limitation, any pledge existing by operation of its General Business Conditions (Allgemeine Geschäftsbedingungen), to the Pledges (or any of them) so that the Pledges will rank ahead of all other pledges
affecting any of the Accounts. 
  

	7.5	Notification of Account Balances 

The Pledgor shall provide the Security Agent, upon the Security Agent’s reasonable request in order to permit the safeguarding of its
legitimate interests, on the fifth Business Day following such request with current account statements of any Account. The Pledgor shall have the right to deliver the account statements on a readable and compatible disk, by e-mail or any other
electronical communication approved by the Security Agent. The Pledgor may contact the Security Agent from time to time with a view to agreeing the necessary details. 

 

 13 

	7.6	Further Undertakings 

Furthermore, the Pledgor undertakes to the Security Agent and the Pledgees: 

 

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

  

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

 

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

 

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

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

 

	 	(c)	without prejudice to the Pledgor’s right to withdraw sums standing to the credit of the Accounts in accordance with Clause 5, to refrain from any acts or
omissions, the purpose or effect of which has a material adverse effect on the value of the Pledges constituted hereunder; 

  

	 	(d)	not to encumber or otherwise dispose of the Accounts (or any of them) without the prior written consent of the Security Agent which may not be unreasonably withheld,

 in each case, except as permitted under the Credit Agreement. 

 

	8.	RELEASE OF SECURITY 

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

  

	9.	WAIVER OF DEFENCES 

  

	 	(a)	The Pledgor hereby waives its rights of revocation (Anfechtbarkeit) and set-off (Aufrechenbarkeit) it may have pursuant to §§ 1211 and 770(1)
and (2) of the German Civil Code. No failure to exercise, nor any delay in exercising, on the part of the Security Agent or the Pledgees (or any of them), any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by
law. 

  

 14 

	 	(b)	The Pledgor hereby irrevocably waives any rights which may pass to the Pledgor by subrogation or otherwise, including but not limited to, any recourse claim against any
Obligor (Verzicht auf Rückgriffsansprüche) which it may obtain (i) in the event that the Pledgor repays any debt of any other Obligor under any of the Finance Documents, or (ii) in the event of enforcement of the Pledges
(or any of them). 

  

	10.	INDEMNITY 

  

	10.1	Liability for Damages 

Neither the Security Agent nor the Pledgees shall be liable for any loss or damage suffered by the Pledgor save in respect of such loss or
damage which is suffered as a result of the gross negligence (grobe Fahrlässigkeit) or wilful misconduct (Vorsatz) of the Security Agent. 
  

	10.2	Indemnification 

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

	10.3	This Clause 10 shall survive the termination of this Agreement under Clause 11 or otherwise. 

 

	11.	DURATION AND INDEPENDENCE 

  

	11.1	Duration 

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

	11.2	Continuing Security 

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

 

	11.3	Independence 

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

	12.	COSTS AND EXPENSES 

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

  

 15 

	13.	PARTIAL INVALIDITY 

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

	14.	AMENDMENTS 

 Changes and
amendments to this Agreement, including this Clause 14, shall be made in writing. 
  

	15.	NOTICES AND THEIR LANGUAGE 

  

	15.1	Notices 

 Any notice or
other communication under or in connection with this Agreement to the Pledgor or the Security Agent and/or the Pledges shall be in writing and shall be delivered personally, by post or facsimile and shall be sent to the address or facsimile number
of the party, and for the attention of the individual, set forth in Schedule 3 hereto or such other address or facsimile number as is notified by that party for this purpose to the Security Agent from time to time. 

 

	15.2	Language 

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

	16.	APPLICABLE LAW; JURISDICTION 

  

	16.1	Governing Law 

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

 

	16.2	Jurisdiction 

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

 16 

 SIGNATORIES 

The Pledgor 
 KABEL DEUTSCHLAND GMBH

 By: 
  

	
	 /s/ Christian Bunsen

 

 17 

 The Security Agent 

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

	
	 /s/ Stefan Kuhm

The other Finance Parties 

COMMERZBANK AG LONDON BRANCH 
 By:
Ms. Karen Cellarius as attorney-in-fact 
  

	
	 /s/ Karen Cellarius

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

	
	 /s/ André Melchert

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

	
	 /s/ Jens Gölz

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

	
	 /s/ Stefan Kuhm

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

	
	 /s/ Stefan Kuhm

 

 18 

 ADAGIO III CLO PLC 
  

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

AEGON LEVENSVERZEKERING NV 
  

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

ALLIED IRISH BANKS PLC 
  

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

ALPSTAR CLO 1 PLC 
  

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

 

 19 

 ALZETTE EUROPEAN CLO S.A. 

 

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

AQUILAE CLO I PLC 

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

AVOCA CLO II B.V. 
  

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

AVOCA CLO III PLC 
  

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

AVOCA CLO IV PLC 
  

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

 

 20 

 AVOCA CLO IX LIMITED 

 

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

 

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

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

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

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

 

 21 

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

BABSON CAPITAL EUROPEAN SENIOR LOANS LIMITED 
  

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

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

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

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

 

 22 

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

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

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

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

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

 

 23 

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

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

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

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

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

 

 24 

 CELF PARTNERSHIP LOAN FUNDING 2008-I LIMITED 

 

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

CHEYNE CREDIT OPPORTUNITY CDO I B.V. 

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

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

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

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

 

 25 

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

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

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

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

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

 

 26 

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

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

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

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

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

 

 27 

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

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

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

EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND 

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

 

 28 

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

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

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

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

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

 

 29 

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

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

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

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

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

 

 30 

 EUROCREDIT OPPERTUNITIES PARALLEL FUNDING 1 LIMITED 

 

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

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

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

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

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

 

 31 

 FORTIS FLEXI III SENIOR SECURED BANK LOAN FUND MOGLIANO 

 

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

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

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

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

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

 

 32 

 GLOBAL SENIOR LOAN INDEX FUND 1 B.V. 

 

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

GOLDENTREE CREDIT OPPORTUNITIES FINANCING I LTD. 

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

GOLDENTREE HIGH YIELD VALUE MASTER FUND, L.P. 
  

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

GOLDMAN SACHS CREDIT PARTNERS L.P. 
  

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

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

 

 33 

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

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

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

GS EUROPEAN PERFORMANCE FUND LIMITED 

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

HALCYON STRUCTURED ASSET MANAGEMENT CLO 2008-II B.V. 

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

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

 

 34 

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

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

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

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

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

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

 

 35 

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

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

HARBOURMASTER LOAN CORPORATION B.V. 

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

HARBOURMASTER LOAN FUNDING 2 LIMITED 
  

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

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

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

 

 36 

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

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

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

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

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

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

 

 37 

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

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

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

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

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

 

 38 

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

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

	
	
	INSIGHT INVESTMENT DISCRETIONARY FUNDS ICVC, UK CORPORATE ALL MATURITIES BOND FUND

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

	
	
	INSIGHT INVESTMENT DISCRETIONARY FUNDS ICVC, UK CORPORATE LONG MATURITIES BOND FUND

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

	
	
	INSIGHT LDI SOLUTIONS PLUS PLC, IN RESPECT OF THE INSIGHT LOAN FUND

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

 

 39 

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

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

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

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

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

 

 40 

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

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

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

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

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

 

 41 

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

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

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

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

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

 

 42 

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

	
	
	LEVERAGED FINANCE EUROPE CAPITAL I B.V.

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

	
	
	LEVERAGED FINANCE EUROPE CAPITAL II B.V.

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

	
	
	LEVERAGED FINANCE EUROPE CAPITAL III B.V.

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

	
	
	LEVERAGED FINANCE EUROPE CAPITAL IV B.V.

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

 

 43 

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

	
	
	LIGHTPOINT PAN-EUROPEAN CLO 2006 PLC

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

	
	
	LIGHTPOINT PAN-EUROPEAN CLO 2007-1 PLC

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

	
	
	M&G BROAD EUROPEAN LOAN FUND LIMITED

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

	
	
	M&G DYNAMIC EUROPEAN LOAN FUND LIMITED

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

 

 44 

	
	M&G EUROPEAN CORPORATE BOND FUND

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

	
	
	M&G EUROPEAN HIGH YIELD BOND FUND

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

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

	
	
	M&G PROGRESSIVE EUROPEAN LOAN FUND LIMITED

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

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

 

 45 

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

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

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

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

	
	
	MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY LIMITED

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

 

 46 

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

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

	
	
	METROPOLITAN LIFE INSURANCE COMPANY

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

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

	
	
	MORGAN STANLEY INVESTMENT MANAGEMENT CONISTON B.V.

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

 

 47 

 MORGAN STANLEY INVESTMENT MANAGEMENT GARDA B.V. 

 

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

MORGAN STANLEY INVESTMENT MANAGEMENT MEZZANO B.V. 
  

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

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

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

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

 

 48 

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

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

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

OAK HILL EUROPEAN CREDIT PARTNERS I PLC 
  

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

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

 

 49 

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

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

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

PIMCO CAYMAN EUROPEAN HIGH YIELD FUND 
  

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

PIMCO LOAN OPPORTUNITIES FUND I L.P. 
  

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

 

 50 

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

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

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

COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. 
  

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

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

 

 51 

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

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

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

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

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

 

 52 

 SANKATY MANAGED ACCOUNT (PSERS), L.P. 

 

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

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

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

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

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

 

 53 

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

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

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

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

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

 

 54 

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

THE MARS ASSOCIATES’ RETIREMENT PLAN 
  

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

THE PUBLIC SCHOOL RETIREMENT SYSTEM OF MISSOURI 
  

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

THE ROYAL BANK OF SCOTLAND PLC, FRANKFURT BRANCH 
  

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

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

 

 55 

 THE SUMITOMO TRUST AND BANKING CO., LTD 

 

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

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

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

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

UNIVERSAL CREDIT S.A. (COMPARTMENT A) 
  

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

 

 56 

 UNIVERSAL CREDIT S.A. (COMPARTMENT U) 

 

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

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

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

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

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

 

 57 

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

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

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

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

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

 

 58 

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

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

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

DRYDEN IX-SENIOR LOAN FUND 2005 P.L.C. 
  

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

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

 

 59 

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

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

GOLDENTREE EUROPEAN FINANCING B.V. 
  

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

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

 

 60 

 BLACKROCK GLOBAL FLOATING RATE INCOME TRUST 

 

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

BLACKROCK SENIOR INCOME SERIES V LIMITED 
  

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

GSO DOMESTIC CAPITAL FUNDING (LUXEMBOURG) SARL 
  

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

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

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

 

 61

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