Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

EXHIBIT 4.1    
    

 
 

MANAGEMENT AGREEMENT    
    

        THIS AGREEMENT is made with effect from the 27th day of January 1998 by and between: 

	(1)
	CELLCO FINANCE N.V., a limited liability company (Naamloze Vennootschap) incorporated
and existing under the law of the Netherlands Antilles and having its registered office and principle place of business at Canacasbaaiweg 199, Curaçao, Netherlands Antilles (the
"Company"); and

	(2)
	AMICORP N.V., a limited liability company incorporated and existing under the law of the Netherlands Antilles and having its registered
office and principle place of business at Caracasbaaiweg 199, Netherlands Antilles ("Amicorp"). 

WHEREAS: 

        The
Company requested Amicorp to act as a managing director of the Company, to which request Amicorp is prepared to comply, subject to the following terms and conditions. 

        IT IS HEREBY AGREED as follows: 

	1.
	APPOINTMENT

        Amicorp
shall be managing director of the Company, which appointment is hereby accepted by Amicorp, Amicorp shall have all the authority vested in a managing director under Netherlands
Antilles law and the Company's articles of association, subject to such instructions and/or restrictions as laid down in the articles of association of the Company, this agreement or otherwise agreed
upon in writing 

	2.
	DUTIES
AND RESPONSIBILITIES

	2.1
	Amicorp
will be charged with the local management of the Company, which will consist of providing the registered office of the Company and the safekeeping of corporate records,
including the Company's shareholders register, as required under Netherlands Antilles law.

	2.2
	In
addition Amicorp will provide such other services as required for the day-today management of the Company with due observance to any and all legal and statutory
requirements as provided for under Netherlands Antilles law and the articles of association of the Company.

	2.3
	Amicorp
shall discharge its duties properly, diligently, faithfully and to the best of its ability, in the best interest of the Company. Amicorp will adhere to any resolutions of the
company's general meeting of shareholders or the board of supervisory directors (if any), provided that Amicorp shall not be obliged to do or omit to do anything which it considers to be in conflict
with the lawful interests of the Company, with the interests of Amicorp and/or the laws and regulations of the Netherlands Antilles and/or any other jurisdiction.

	2.4
	In
connection with the proper performance of its duties, Amicorp may engage the services of accountants, auditors, lawyers or other professional service providers to obtain such
advice or to provide such services as Amicorp reasonably considers necessary or desirable. The costs of such services will be for the account of the Company and will be prepaid by the Company upon
request.

	3.
	REMUNERATION

	3.1
	The
Company shall:

	a)
	Pay
to Amicorp for the services indicated under article 2.1 above an annual management fee of US$ 2,500 (exclusive disbursements), payable in advance in January of each year.
For the first year the management fee will he calculated pro rata from, and shall be due and payable immediately upon the effective date of this agreement. 

	b)
	Pay
to Amicorp for the services indicated in article 2.2 above, which services will be charged at a rate of US$ 75 per hour for administrative services and US$ 125 per hour for
corporate secretarial and legal services.

	c)
	reimburse
Amicorp for any and all disbursements and reasonable expenses incurred in the performance of its duties.

	3.2
	The
fees and reimbursements indicated under (b) and (c) above will be invoiced quarterly. Amicorp is entitled, at its sole discretion, to adjust its fees for inflation
purposes or for changing market circumstances.

	3.3
	Amicorp
may cease to render any services under this agreement whenever any amounts due to it are not paid within 60 days from the relevant invoice date, notwithstanding the
provisions of article 7 below.

	4.
	USE
AND DISCLOSURE OF INFORMATION

	4.1
	During
the term of this agreement or any time thereafter Amicorp shall not disclose any confidential information relating to the Company, except where reasonably required for the
proper performance of Amicorp's duties or where required by law.

	4.2
	The
Company and its officers (not being Amicorp), at the request of Amicorp, shall disclose to Amicorp such information concerning the Company as Amicorp considers necessary or
desirable for the proper performance of its duties, including any financial information in connection with the bookkeeping of the Company.

	4.3
	If
Amicorp is not entrusted with the bookkeeping of the Company or the preparation of the Company's financial statements, the Company will provide Amicorp with the financial
statements of the Company each financial year within 8 months after the end of any such year, and will indemnify and hold Amicorp, its managing directors, officers, and employees harmless
against any and all liabilities, damages fines, charges, costs and claims, including tax claims, of whatever nature, incurred or resulting from incorrect or misleading financial statements or from not
providing Amicorp timely with the financial statements.

	4.4
	If
in addition to Amicorp any other person or entity has been appointed as managing directors, attorneys-in-fact or proxy-holders of the Company, such persons
and/or entities will inform Amicorp of any transaction, of whatever nature, which they will effectuate or have been effectuating on behalf of or in the name of the Company.

	5.
	WARRANTIES
AND REPRESENTATIONS OF THE COMPANY

	5.1
	The
Company warrants and represents that it shall:

	a)
	Comply
with the terms and conditions of this agreement.

	b)
	Procure
that the issued shares in the capital of the Company are fully paid-up.

	c)
	At
all times, pay its debts as and when they fall due.

	d)
	Indemnify
and hold Amicorp, its managing directors, officers, and employees harmless, during the term of this agreement and any time thereafter, from and against any and all claims in
contract, tort or suits (whether instituted by the Company or any third party), and from and against any and all liabilities, damages, charges, fines, taxes, costs and expenses sustained, incurred or
expended, directly or indirectly (including without limitation, fees, costs and expenses of attorneys, auditors and other experts engaged by Amicorp and/or its managing directors, officers, and
employees), arising out or resulting by reason of acting or having acted as a managing director of the Company and, in such capacity doing or omitting any act, or in connection with any act or
omission by any other managing director, attorney-in-fact or proxy-holder. 

	e)
	Notify
Amicorp in writing before the transfer, sale, pledge, or any other disposal of any shares in the issued capital of the Company.

	f)
	At
all times comply with the general terms and conditions (the "General Conditions") of Amicorp.

	6.
	LIABILITY

        Amicorp
shall not be liable for any damages, charges, fines, costs, taxes or expenses sustained, incurred or expended by the Company as a result of or in connection with any act or
omission by Amicorp, except in the event of gross negligence or wilful misconduct by Amicorp as evidenced by a final judgment rendered by the competent courts in the Netherlands Antilles. Neither
shall Amicorp incur any liability in connection with the use of E-mail communication. 

	7.
	TERMINATION

	7.1
	This
Agreement shall have effect from the date mentioned in the heading hereof and shall continue unless and until terminated by either party by giving the other party three months'
prior written notice.

	7.2
	Amicorp
may terminate this Agreement with immediate effect if and when the course of affairs of the Company is such that Amicorp reasonably cannot be expected to continue to act as a
managing director any further, including but lot limited to the following events:

	a)
	The
non-compliance of the Company with any of the terms and conditions of this agreement.

	b)
	The
bankruptcy (faillissement) or the suspension of payments (surséance van
betaling) of the Company.

	c)
	A
resolution of the shareholders of the Company to wind up the Company.

	d)
	Any
material change in the ownership of the share capital of the Company or in the composition of the board of managing directors of the Company, or any other change of control in
respect of the Company, not agreed upon by Amicorp.

	e)
	Any
breach of Amicorp's General Conditions.

	7.3
	Any
resignation by Amicorp and Amicorp's subsequent actions or omissions will never give rise to a claim against nor lead to any liability of Amicorp in connection with any damages,
charges, fines, taxes, costs or expenses incurred or sustained by the Company or any third party because of such resignation or subsequent actions or omissions. Amicorp's resignation implies that the
Company will cease to have its registered address at Amicorp's offices.

	7.4
	Upon
termination and subject to payment to Amicorp of all outstanding debts, costs, expenses and/or fees due to Amicorp. Amicorp will return to the Company or any persons designated
by the Company all corporate records of the Company, which are held by Amicorp. If this agreement is terminated during the course of a calendar year, the management fee paid for that year will be
returned pro rata for the full quarters remaining in such calendar year, subject to any set-off for any transfer fees and charges.

	8.
	NOTICES

        Except
as otherwise required by law, all announcements, notices and other communications pursuant to this agreement shall be delivered to the addresses mentioned in the heading of this
agreement or such other address as a part has communicated to the other parties in writing by registered mail, by courier or per facsimile. 

	9.
	ASSIGNMENT 

        None
of the rights created by this Agreement can be assigned to a third party by any of the parties without the prior written consent of the other parties, notwithstanding the right of
Amicorp to assign to another party any claims arising under this Agreement. 

	10.
	GENERAL
CONDITIONS 

        Amicorp's
General Conditions are applicable to, and are an integral part of, this agreement. If Amicorp's General Conditions deviate from the terms and conditions of this agreement, the
terms and conditions of this agreement will supersede the General Conditions. The Company hereby confirms its agreement to these General Conditions. 

	11.
	GOVERNING
LAW AND JURISDICTION 

        This
Agreement shall be governed by and construed in accordance with the law of the Netherlands Antilles and any disputes arising hereunder or resulting herefrom shall be brought before
the Court of First Instance in Curacao, Netherlands Antilles, to the exclusive jurisdiction of which the parties herewith submit, notwithstanding the right of Amicorp to institute proceedings against
the Company before the competent courts of the countries in which the Company may have any assets. 

	For and on behalf of
 AMICORP N.V.	 	For and on behalf of
 CELLCO FINANCE N.V.
	

/s/  J. EICHHORN      
 By: J. Eichhorn

Title: Director

Date:	
 	

/s/  J. EICHHORN      
 By: J. Eichhorn

Title: Director

QuickLinks

EXHIBIT 4.1

MANAGEMENT AGREEMENTQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 4.2    
    

TELEWEST COMMUNICATIONS PLC  

 TELEWEST GLOBAL, INC  

 TELEWEST UK LIMITED  

 AMENDMENT AGREEMENT

CONTENTS  

	CLAUSE
 
	 	PAGE

	1. INTERPRETATION	 	1
	2. AMENDMENTS TO THE TRANSFER AGREEMENT	 	2
	3. CONFIRMATION	 	3
	4. MISCELLANEOUS	 	3
	5. COUNTERPARTS	 	3
	6. GOVERNING LAW	 	3

 

        THIS AMENDMENT AGREEMENT TO THE TRANSFER AGREEMENT is made on 19 May 2005 

BETWEEN:  

	(1)
	TELEWEST COMMUNICATIONS PLC whose registered office is at Export House, Cawsey Way, Woking, Surrey GU21 6QX (the  Vendor);

	(2)
	TELEWEST GLOBAL, INC., a corporation organized under the laws of the State of Delaware, the address of whose office is 1105
North Market Street, Suite 1300, Wilmington, New Castle 19801, United States of America (New Telewest); and

	(3)
	TELEWEST UK LIMITED whose registered office is at Export House, Cawsey Way, Woking, Surrey GU21 6QX (Telewest
UK). 

WHEREAS:  

	(A)
	By
a transfer agreement dated 13 July 2004 made between the parties hereto (the "Transfer Agreement") the Vendor agreed to
transfer and Telewest UK agreed to acquire the Business for the consideration and upon the terms and conditions set out in the Transfer Agreement.

	(B)
	It
is proposed that the Vendor and Telewest Jersey will shortly be put into solvent liquidation. The current balance of the Designated Account is greater than the amounts expected by
the Vendor, Telewest Jersey and Telewest UK to be required to meet the costs, expenses and other liabilities described in clause 8.3(a) to (d) of the Transfer Agreement.

	(C)
	The
parties to the Transfer Agreement wish to make certain amendments to the Transfer Agreement as more particularly set out in this Amendment Agreement.

	(D)
	The
parties note that the prior written consent of the Vendor Liquidators, Telewest Jersey and the Telewest Jersey Liquidators is required before the amendments to the Transfer
Agreement proposed by this Amendment Agreement can be made. Notwithstanding the fact that the Vendor Liquidators and the Telewest Jersey Liquidators have not yet been appointed, the proposed Vendor
Liquidators and Telewest Jersey Liquidators have consented to the proposed amendments. The consent of Telewest Jersey has also been obtained.

	(E)
	This
Amendment Agreement amends and is supplemental to the Transfer Agreement. 

THIS DEED PROVIDES  

1.     INTERPRETATION  

	1.1
	In
this Amendment Agreement capitalised terms not otherwise defined in this Amendment Agreement shall have the meanings given to them in the Transfer Agreement.

	1.2
	The
provisions of Clause 1 (Definitions) of the Transfer Agreement shall also apply in the interpretation of this Amendment Agreement as if expressly set out in this Amendment
Agreement with each reference to the "Agreement" being deemed to be a reference to this Amendment Agreement. 

1

 

2.     AMENDMENTS TO THE TRANSFER AGREEMENT  

        With effect from the date of this Amendment Agreement, the Transfer Agreement shall be amended as follows: 

	2.1
	In
respect of clause 8.3, the clause shall be deleted in its entirety and replaced with the following clause: 

"8.3
Telewest UK hereby irrevocably directs the Vendor, and the Vendor hereby acknowledges such direction, to apply the Expenses Fund held by it pursuant to clause 8.2 above as follows: 

	(a)
	to
pay on demand such sums as the Vendor Liquidators may from time to time require in respect or on account of their remuneration, expenses and disbursements (together, in each case,
with any VAT thereon) properly incurred in contemplation of, or in relation to, the winding up of the Vendor, subject only to the presentation to Telewest UK of the Vendor Liquidators' invoices
(provided that such invoices are rendered in accordance with any resolution passed by the shareholders of the Vendor in respect of the Vendor Liquidators' remuneration in accordance with
Rule 4.148A of the Insolvency Rules 1986);

	(b)
	to
pay on demand such sums as the Telewest Jersey Liquidators may from time to time require in respect or on account of their remuneration, expenses and disbursements (together, in
each case, with any VAT or other applicable sales tax thereon) properly incurred in contemplation of, or in relation to, the winding up of Telewest Jersey, subject only to the presentation to Telewest
UK of the Telewest Jersey Liquidators' invoices (provided that such invoices are rendered in accordance with any resolution passed by the shareholders of Telewest Jersey in respect of the Telewest
Jersey Liquidators' remuneration in accordance with Article 153 of the Jersey Act);

	(c)
	to
pay on demand such sums as the Creditor Beneficiaries may from time to time require in respect of any costs and expenses owed to such persons by the Vendor or Telewest Jersey (or
TCN or Telewest Limited to the extent that any relevant contract with any of the professional advisers or other persons listed in Schedule 6 is either with or has been novated to either of
them) subject only to the presentation to Telewest UK and the Vendor or Telewest Jersey (as the case may be) of invoices (provided that such invoices are accompanied by evidence reasonably
satisfactory to Telewest UK and the Vendor or Telewest Jersey (as the case may be) that any such costs and expenses are reasonable and have been properly incurred by the relevant Creditor Beneficiary
submitting the invoice and that the Vendor, Telewest Jersey, TCN or Telewest Limited is liable to pay such costs and expenses);

	(d)
	to
pay on demand any such other sum as any other creditor (including, for the avoidance of doubt, in respect of any taxation claims) of the Vendor or, as applicable, Telewest Jersey
(excluding, for the avoidance of doubt, any Scheme Claim) may from time to time claim from the Vendor or, as applicable, Telewest Jersey, but only to the extent such claims have either been agreed or
settled by the Vendor and/or the Vendor Liquidators or, as applicable, Telewest Jersey and/or the Telewest Jersey Liquidators or have been finally determined by a court of competent jurisdiction;

	(e)
	to
pay the sum of £10,000,000 to Telewest UK on 19 May 2005; and

	(f)
	to
pay any amounts remaining in the Designated Account in respect of the Expenses Fund (together with any interest accrued thereon) to Telewest UK or to such persons as Telewest UK
may direct on either: (i) if liquidators have been appointed within 12 months of the Effective Date, the Business Day immediately preceding the date on which the Liquidators intend to
file their final return; or (ii) if liquidators have not been appointed within 12 months of the Effective Date, the date that is 12 months after the Effective Date. 

2

 

	2.2
	In
respect of clause 8.4 of the Transfer Agreement, the clause shall be amended by substituting the words "clause 8.3(a) to (d) above" with the words
"clause 8.3(a) to (e) above."

	2.3
	In
respect of clause 8.6 of the Transfer Agreement, the clause shall be deleted in its entirety and replaced with the following clause: 

"8.6
For the avoidance of doubt, Telewest UK may be paid, and the Vendor undertakes to pay, the sum due in accordance with clause 8.3(e) above before payment has been made in respect of all
sums directed to be paid under clause 8.3(a) to (d) above. Telewest UK will be paid, and the Vendor undertakes to pay, a distribution of any amounts remaining in the Designated Account
in accordance with clause 8.3(f) above only after payment has been made in respect of all sums directed to be paid under clause 8.3(a) to (e) above. 

	2.4
	In
respect of clause 8.7 of the Transfer Agreement, the clause shall be amended by substituting the words "clause 8.3(e)" with the words "clause 8.3(f)". 

3.     CONFIRMATION  

	3.1
	The
parties confirm that the Transfer Agreement remains in full force and effect as amended by this Amendment Agreement.

	3.2
	This
Amendment Agreement shall have no effect on the deed of indemnity entered into by Telewest UK, James Robert Drummond Smith and Nicholas James Dargan dated 4 June 2004 or
the deed of indemnity entered into by Telewest UK, Christopher David Leck and James Robert Drummond Smith dated 18 June 2004, which shall both remain in full force and effect. 

4.     MISCELLANEOUS  

	4.1
	The
text of each of clause 18 (Notices), Clause 19 (Waivers), Clause 22 (Severability), Clause 23 (Assignment), Clause 24 (Rights under Contracts
(Rights of Third Parties) Act 1999 and Clause 26 (Jurisdiction) shall be deemed to be incorporated in this Amendment Agreement (with such conforming changes as the context may require) as if
set out in full herein. 

5.     COUNTERPARTS  

        This Amendment Agreement may be executed in any number of counterparts and by the parties to it on separate counterparts, each of which is an original but all of
which together constitute one and the same instrument. 

6.     GOVERNING LAW  

        This Amendment Agreement shall be governed by, and shall be construed in accordance with English law. 

3

 

        IN WITNESS WHEREOF this Agreement has been executed and delivered as a deed by the parties hereto the day and year first before written. 

	EXECUTED as a DEED by	 	)	 	 
	TELEWEST COMMUNICATIONS PLC	 	)	 	 
	acting by two directors	 	)	 	 
	a director and the secretary	 	)	 	 
	
SIGNED as a DEED	
 	

)	
 	

 
	on behalf of TELEWEST GLOBAL, INC.,	 	)	 	 
	a company organised under the laws of Delaware	 	)	 	 
	by a duly authorised signatory who,	 	)	 	 
	in accordance with the laws of that territory,	 	)	 	 
	is acting under the authority of	 	)	 	 
	TELEWEST GLOBAL, INC.	 	)	 	 
	
EXECUTED as a DEED by	
 	

)	
 	

 
	TELEWEST UK LIMITED	 	)	 	 
	acting by two directors/	 	)	 	 
	a director and the secretary	 	)	 	 

4

QuickLinks

Exhibit 4.2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]