Document:

Exhibit 4.2

€1,695,000,000 ADDITIONAL
FACILITY M ACCESSION AGREEMENT

To:                              Toronto Dominion
(Texas) LLC as Facility Agent and TD Bank Europe Limited as Security Agent

From:                  The banks and
financial institutions listed in Schedule 1 to this Agreement (the Additional Facility M Lenders)

Date:   13 April  2007

UPC Broadband Holding B.V. (formerly known as UPC Distribution Holding
B.V) - €1,072,000,000 Term Credit Agreement dated 16 January 2004 as amended
from time to time  (the Credit Agreement)

1.                                       In this Agreement:

Cablecom
Lender means a Lender under and as defined in the facilities agreement
originally dated 5 December 2005 (as amended) made between (among others)
Cablecom Luxembourg S.C.A. as borrower and Toronto Dominion (Texas) LLC as
facility agent.

Commitment
Letter means the commitment letter between BNP Paribas, J.P. Morgan Plc
and Toronto Dominion (Texas) LLC as Bookrunners and Mandated Lead Arrangers,
BNP Paribas, JPMorgan Chase Bank, N.A. and Toronto Dominion (Texas) LLC as
Underwriters and UPC Financing Partnership dated 9 February 2007 as
amended by an amendment letter dated  26
March 2007.

Facility
J1 means the €900,000,000 term loan facility (of which €795,000,000 remains
outstanding) under the Additional Facility Accession Agreement dated 10 May
2006.

Facility
K1 means the €900,000,000 term loan facility under the Additional Facility
Accession Agreement dated 10 May 2006.

Facility
M means the €1,695,000,000 term loan facility which forms this Additional
Facility.

Facility
M Advance means the euro-denominated advance made to UPC
Financing by the Additional Facility M Lenders under Facility M.

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

Majority
Facility M Lenders means Additional Facility M Lenders the aggregate of
whose Facility M Commitments exceeds 662/3 per cent. of the Facility M Commitments of all
Additional Facility M Lenders.

2.                                       Unless otherwise
defined in this Agreement, terms defined in the Credit Agreement shall have the
same meaning in this Agreement and a reference to a Clause is a reference to a
Clause of the Credit Agreement.

3.                                       We refer to
Clause 2.2 (Additional Facilities) of the Credit Agreement.

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

5.                                       We, the
Additional Facility M Lenders, agree:

(a)                                  to become party
to and to be bound by the terms of the Credit Agreement as Lenders in
accordance with Clause 2.2 (Additional Facilities) of the Credit
Agreement; and

(b)                                 to become party
to the Security Deed as Lenders and to observe, perform and be bound by the
terms and provisions of the Security Deed in the capacity of Lenders in
accordance with Clause 9.3 (Transfers by Lenders) of the Security Deed.

6.                                       The Additional
Facility Commitment in relation to an Additional Facility M Lender (for the
purpose of the definition of Additional Facility Commitment in Clause 1.1
(Definitions) of the Credit Agreement) is its Facility M Commitment.

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

8.                                       (a)           The Availability Period in relation
to this Additional Facility is the period from and including the date of this
Agreement up to and including the earlier of:

(i)                                      the first
Utilisation Date under this Additional Facility; and

(ii)                                   17 April 2007.

or
such later date as all the Additional Facility M Lenders may agree at their
discretion.

(b)                                 Facility M may be
drawn by one Advance and no more than one Request may be made in respect of
Facility M under the Credit Agreement.

9.                                       (a)           The Facility M Advance will be used
first in permanent prepayment and cancellation of 100 per cent. of all
outstanding Facility J1 Advances and 100 per cent. of all outstanding Facility
K1 Advances.

(b)                                 To the extent
that each of the Facility J1 and Facility K1 have been permanently repaid and
cancelled in full, the Advance made under Facility M may also be used for
general corporate and working capital purposes including the repayment of
existing indebtedness.

10.                                 The Final
Maturity Date in respect of this Additional Facility is the earlier of:

(a)                                   31 December 2014;
and

(b)                                 if by the date
(the Relevant Date) falling 90 days prior to
the date on which the UPC Holding BV issued bonds due 2014 (the Bonds) fall due, those Bonds have not been repaid, redeemed
or refinanced, the Relevant Date.

 2
 

11.                                 The outstanding
Facility M Advances will be repaid in full on the Final Maturity Date.

12.                                 The Borrower will
ensure that the amount of the Facility M Advance must be no less than the
aggregate amount of all outstanding Facility J1 and K1 Advances at the time the
Facility M Advance is made.

13.                                 The Margin will be
2.00 per cent. per annum.

14.                                 The Borrower in
relation to Facility M is UPC Financing.

15.                                 In the event
that, on or before 16 May 2008, the whole or any part of an outstanding
Facility M Advance is prepaid pursuant to Clause 7.3 (Voluntary prepayment) of
the Credit Agreement, UPC Broadband will, at the same time, pay to each
Additional Facility M Lender which is to receive any such prepayment an amount
equal to 1 per cent. of the principal amount to be prepaid to that Additional
Facility M Lender.  This paragraph 15 may
be amended or waived with the prior written consent of the Facility Agent
(acting on the instructions of all Additional Facility M Lenders) and UPC
Broadband.

16.                                 Where an
Additional Facility M Lender assigns, transfers or novates its rights and/or
obligations in relation to Facility M under Clause 26.2 (Transfers by Lenders)
of the Credit Agreement, such assignment, transfer or novation shall be in a
minimum amount of €500,000.

17.                                 (a)           For the purposes of sub-paragraph (b)
below, Date of Successful Syndication shall
mean, in relation to each further or previous Additional Facility M Accession
Agreement, the day on which each of the Underwriters (as defined in the
Commitment Letter) reduces its participation in that further Additional Facility
M Accession Agreement to a hold of zero.

(b)                                 Facility M may be
upsized by an aggregate amount of up to €770,000,000 by the signing of one or
more further Additional Facility M Accession Agreements that specify (along
with the other terms specified therein) UPC Financing as the sole Borrower and
which specify Additional Facility M Commitments denominated in Euros, to be
drawn in Euros, with the same Final Maturity Date and Margin as specified in
this Additional Facility Accession Agreement. Facility M shall not consolidate
with any further or previous Additional Facility M Accession Agreement until
the Date of Successful Syndication.

(c)                                  For the purposes
of paragraph 15 and this paragraph 17, references to Additional Facility M
Lenders and Facility M Advances shall include Lenders and Advances made under
any such further Additional Facility M Accession Agreement.

(d)                                 If the Borrower
so requests, an Interest Period for a Facility M Advance will end on the same
day as the current Interest Period for any other Facility M Advance denominated
in the same currency as that Facility M Advance.  On the last day of those Interest periods,
those Facility M Advances will be consolidated and treated as one Facility M
Advance.

18.                                The
representations and warranties set out in Clause 15 (Representations and
Warranties) of the Credit Agreement (with the exception of Clauses 15.6(a)
(Consents), 15.10 (Financial condition), 15.12 (Security Interests), 15.13(b)
(Litigation and insolvency proceedings), 15.15 (Tax liabilities), 15.16
(Ownership of assets), 15.18 (Works Council), 15.19 (Borrower Group Structure),
15.20 (ERISA), 15.24 (UPC Financing) and 15.25 (Dutch Banking Act)) are true
and correct as if made at the Effective Date with reference to the facts and
circumstances then 

 3
 

existing,
and as if each reference to the Finance Documents includes a reference to this
Agreement.

19.                                 We confirm to
each Finance Party that:

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

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

20.                                 Each Additional
Facility M Lender confirms that:

(a)                                  (in its capacity
as Lender under the Credit Agreement) it approves the amendments to the Credit
Agreement as set out in the schedule to the draft Amendment Letter dated 23
March 2007 (with document number BK:5774015.9) to be entered into between
(among others) UPC Broadband, UPC Financing and the Facility Agent (the Amendment Letter); and

21.                                 (a)           Each of the Additional Facility M
Lenders agrees that during the period from (and including) the Effective Date
to the date on which the amendments contemplated in the Amendment Letter become
effective (the Relevant Period) it will not attempt to assign or
transfer its rights in relation to Facility M. 
Nothing in this paragraph will prevent an Additional Facility M Lender
from novating its rights and obligations in respect of Facility M during the
Relevant Period, except that any such novation made during the Relevant Period
must be made pursuant to a Novation Certificate in the form of part 1 or part 2
of Schedule 3 to this Agreement.

(b)                                 Each of the
Additional Facility M Lenders agrees that without prejudice to Clause 26.3 of
the Credit Agreement, each New Lender (as defined in the Novation Certificate
referred to above) shall become, by the execution by the Facility Agent of such
Novation Certificate, bound by the terms of this Agreement as if it were an
original party hereto as an Additional Facility M Lender and shall acquire the
same rights and assume the same obligations towards the other parties to this
Agreement as would have been acquired and assumed had the New Lender been an
original party to this Agreement as an Additional Facility M Lender.

22.                                 each Additional
Facility M Lender amends the notice period in respect of drawdown requests
under Clause 5.1 (Delivery of Request) of the Credit Agreement in respect of
this Facility M from three Business Days before the Utilisation Date to two
Business Days before the Utilisation Date.

23.                                 The Facility
Office and address for notices of each Additional Facility M Lender for the
purposes of Clause 32.2 (Addresses for notices) of the Credit Agreement
will be that notified by each Additional Facility M Lender to the Facility
Agent.

24.                                 This Agreement is
governed by English law.

25.                                 This Agreement
may be executed in any number of counterparts and, in the case of each
Additional Facility M Lender, each Additional Facility M Lender’s counterpart
will, only contain the details of that Additional Facility M Lender, and this
has the same effect as if the 

 4
 

signatures
on the counterparts were on a single copy of this Agreement.  All such counterparts shall be read together
as one agreement.

 5
 

SCHEDULE 1

ADDITIONAL
FACILITY M LENDERS AND COMMITMENTS

 

	
  Additional Facility M Lender

  	
   

  	
  Facility M Commitment

  	
   

  
	
   

  	
   

  	
  (€)

  	
   

  
	
  Toronto Dominion Texas LLC

  	
   

  	
  1,695,000,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  €1,695,000,000

  	
   

  

 

 6
 

 

SCHEDULE 2

CONDITIONS
PRECEDENT DOCUMENTS

1.                                      Constitutional
Documents

(a)                                  A copy of the
constitutional documents of each Obligor (other than UPC Financing) and the
partnership agreement of UPC Financing or, if the Facility Agent already has a
copy, a certificate of an authorised signatory of the relevant Obligor
confirming that the copy in the Facility Agent’s possession is still correct,
complete and in full force and effect as at a date no earlier than the date of
this Agreement.

(b)                                 An extract of the
registration of each Obligor established in the Netherlands in the trade
register of the Dutch Chamber of Commerce.

2.                                      Authorisations

(a)                                  A copy of a
resolution of the board of managing and, to the extent applicable, board of
supervisory directors (or equivalent) and, to the extent that a shareholders’
resolution is required, a copy of the shareholders’ resolution of each Obligor:

(i)                                     approving the
terms of and the transactions contemplated by this Agreement and (in the case
of UPC Broadband and UPC Financing) resolving that it execute the same (and, in
the case of the Guarantors and the Charging Entities (as defined in the
Security Deed) resolving that it execute the confirmation described at
paragraph 4(b) below; and

(ii)                                  (in the case of
UPC Broadband and UPC Financing) authorising the issuance of a power of
attorney to a specified person or persons to execute this Agreement on its
behalf and (in the case of the Guarantors and the Charging Entities (as defined
in the Security Deed)) authorising the issuance of a power of attorney to a
specified person or persons to execute the confirmation described in paragraph
4(b) below.

(b)                                 A specimen of the
signature of each person authorised pursuant to its constitutional documents or
to the power of attorney referred to in paragraph (a) above to sign this
Agreement or the confirmation described in paragraph 4(b) below (as appropriate).

(c)                                  A certificate of
an authorised signatory of UPC Broadband and UPC Financing certifying that each
copy document specified in this Schedule and supplied by UPC Broadband or UPC
Financing (as the case may be) is correct, complete and in full force and
effect as at a date no earlier than the date of this Agreement.

(d)                                 A copy of any
other authorisation or other document, opinion or assurance which the Facility
Agent has notified UPC Broadband is necessary in connection with the entry into
and performance of, and the transactions contemplated by, this Agreement or for
the validity and enforceability of this Agreement.

3.                                      Legal opinions

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

 7
 

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

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

4.                                      Other documents

(a)                                  Confirmation (in
writing) from (i) each of the Guarantors that its obligations under Clause 14
(Guarantee) of the Credit Agreement and (ii) each of the Charging Entities (as
defined in the Security Deed) that the Security Interests granted to the
Beneficiaries pursuant to the Security Documents and its obligations under the
Finance Documents, shall continue unaffected and that such obligations extend
to the Total Commitments as increased by the addition of Facility M and that
such obligations shall be owed to each Finance Party including the Additional
Facility M Lenders.

(b)                                 Evidence that UPC
Broadband has delivered a duly completed Cancellation Notice to the Facility
Agent giving notice of prepayment of the whole of the outstanding advances
under Facility J1 and Facility K1.

 

 8

SCHEDULE 3

NOVATION
CERTIFICATES

PART 1

NOVATION
CERTIFICATE (CASH)

To:          [     ] as
Facility Agent and [BORROWER]

From:      [THE EXISTING LENDER] and [THE NEW LENDER]                   Date:
[          ]

UPC
Broadband Holding B.V. - e1,072,000,000 Term Credit Agreement
dated 16 January, 2004 (the Credit Agreement)

We
refer to Clause 26.3 (Procedure for novations) of the Credit Agreement and
clause 9.3 (Transfers by the Lenders) of the Security Deed.  Terms defined in the Credit Agreement or, if
not defined in the Credit Agreement, the Additional Facility Accession
Agreement between the Facility Agent, the Security Agent and the Additional
Facility M Lenders dated [         ]
2007, have the same meaning in this Novation Certificate.

1.                                       We
[             ]
(the Existing Lender) and
[     ] (the New Lender)
agree to the Existing Lender and the New Lender novating all the Existing
Lender’s rights and obligations referred to in the Schedule in accordance with
Clause 26.3 (Procedure for novations) of the Credit Agreement and clause
9.3 (Transfers by the Lenders) of the Security Deed.

2.                                       The New Lender
confirms that:

(a)                                  (in each of its
capacities as Lender under Credit Agreement and Cablecom Lender) it approves
the amendments to the Credit Agreement as set out in the schedule to the Amendment
Letter dated 23 March 2007 (with document number BK:5774015.9) to be entered
into between (among others) UPC Broadband, UPC Financing and the Facility Agent
(the Amendment Letter); and

(b)                                 it is bound by the terms of the Additional Facility Accession Agreement
as if it were an original party thereto as an
Additional Facility M Lender and shall acquire the same rights and assume the
same obligations towards the other parties to this Agreement as would have been
acquired and assumed had the New Lender been an original party to this
Agreement as an Additional Facility M Lender.

3.                                       The Facility
Office and address for notices of the New Lender for the purposes of
Clause 32.2 (Addresses for notices) are set out in the Schedule.

4.                                       This Novation
Certificate may be executed in any number of counterparts and this has the same
effect as if the signatures on the counterparts were on a single copy of this
Novation Certificate.

5.                                       This Novation
Certificate is governed by English law.

 9
 

THE
SCHEDULE

Rights and obligations to be novated

[Details of the rights and obligations of the Existing Lender to be
novated.]

 

	
  [New Lender]

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  [Facility Office

  	
   

  	
  Address for notices for 

  administrative purposes

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Address for notices for credit purposes]

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  [Existing
  Lender]

  	
   

  	
  [New Lender]

  	
   

  	
  [                    ]

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  By:

  	
   

  	
  By:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
  Date:

  	
   

  	
  Date:

  

 

 10
 

PART 2

NOVATION
CERTIFICATE (CASHLESS)

To:          Toronto Dominion (Texas) LLC as
Facility Agent and UPC Financing as Borrower

From:      Toronto Dominion (Texas) LLC and [the
EXISTING [J1][K1] LENDER / NEW M LENDER]

Date:
[          ] April 2007

UPC
Broadband Holding B.V. - e1,072,000,000 Term Credit Agreement
dated 16 January, 2004 (the Credit Agreement)

We
refer to:

(b)                                 Clause 26.3
(Procedure for novations) of the Credit Agreement;

(c)                                  Clause 9.3
(Transfers by the Lenders) of the Security Deed;

(d)                                 the Additional
Facility [J][K] Accession Agreement; and

(e)                                  the
€1,695,000,000 term loan Additional Facility M Accession Agreement.

Terms defined in the Credit Agreement or, if not defined in the Credit
Agreement, the Additional Facility [J][K] Accession Agreement or the
€1,695,000,000 term loan Additional Facility M Accession Agreement (as the case
may be), have the same meaning in this Novation Certificate.

1.                                       [               ] (the Existing
[J1][K1] Lender) agrees to novate and Toronto Dominion (Texas) LLC
(the New [J1][K1] Lender) agrees to accept
novation immediately prior to funding  of
€1,695,000,000 term loan facility under Facility M  on the Effective Date of all the Existing
[J1][K1] Lender’s rights and obligations referred to in the Schedule in
accordance with Clause 26.3 (Procedure for novations) of the Credit
Agreement and clause 9.3 (Transfers by the Lenders) of the Security Deed.

2.                                       Immediately
following the funding of the €1,695,000,000 term loan under Facility M on the
Effective Date, Toronto Dominion Texas LLC (the Existing M
Lender) agrees to novate and [                    ]
(the New M Lender) agrees to accept the
novation of all the Existing M Lender’s rights and obligations referred to in
the Schedule in accordance with Clause 26.3 (Procedure for novations) of
the Credit Agreement and clause 9.3 (Transfers by the Lenders) of the Security
Deed.

3.                                       The aggregate
Existing [J1][K1] Commitment (at par) will be equal to the aggregate Existing M
Commitment(at par) (each as referred to in the schedule to this certificate).
The Existing [J1][K1] Commitment shall be deemed to be transferred by the
Existing [J1][K1] Lender to the New [J1][K1] Lender and The Existing M Lender’s
obligation to transfer the Existing M Commitment to the New M Lender will be
deemed to be satisfied, in each case on the Effective Date in the order
contemplated by the paragraphs above.

 11
 

4.                                       Each of the New
[J1][K1] Lender and the New M Lender confirm that (in its capacity as Lender
under Credit Agreement) it approves the amendments to the Credit Agreement as
set out in the schedule to the draft Amendment Letter dated 23 March 2007 (with
document number BK: 5774015.9) to be entered into between (among others) UPC
Broadband, UPC Financing and the Facility Agent (the Amendment
Letter).

5.                                       The New M lender
confirms that it is bound by the terms of the Additional Facility M
Accession Agreement as if it were an original party thereto as an
Additional Facility M Lender and shall acquire the same rights and assume the
same obligations towards the other parties to the Additional
Facility M Accession Agreement as would have been acquired and
assumed had the New Lender been an original party to the Additional Facility M Accession Agreement as an
Additional Facility M Lender.

6.                                       This Novation
Certificate may be executed in any number of counterparts and this has the same
effect as if the signatures on the counterparts were on a single copy of this
Novation Certificate.

7.                                       This certificate
shall take effect on the date of this certificate.

8.                                       For the purposes
of this certificate, “Effective Date”
means the date specified under the Facility Agent’s name in the relevant
signature page to this Novation Certificate.

9.                                       This Novation
Certificate is governed by English law.

 12
 

THE
SCHEDULE

Rights and obligations to be novated:

1.                                      Existing [J1][K1] Lender

Existing
[J1][K1] Commitment: €[      ]

Existing
[J1] [K1] Loans Outstanding: €[      ]

Assignee: New [J1][K1] Lender

2.                                      Existing
M Lender

Existing M
Commitment: €[      ]

Existing
M Loans Outstanding: €[      ]

Assignee: New M Lender

 

 13
 

SIGNATORIES

FACILITY
M LENDERS

TORONTO
DOMINION (TEXAS) LLC

By:    Authorized Signatory

TORONTO
DOMINION (TEXAS) LLC as Facility Agent

By:    Authorized Signatory

TD
BANK EUROPE LIMITED as Security Agent

By:    Authorized Signatory

UPC
BROADBAND HOLDING B.V.

By:    Authorized Signatory

UPC
FINANCING PARTNERSHIP

By:    Authorized Signatory

 

 14Exhibit 4.3

To:          UPC Broadband Holding B.V. (the Company)
                 Boeing Avenue 53
                 1119 PE Schiphol Rijk
                 Amsterdam
                 The Netherlands

For
the attention of:  Dennis Okhuijsen

16 April 2007

Dear
Sirs,

€1,072,000,000 senior secured credit facility (the Agreement) dated
16th January, 2004 between, among others, the Company and Toronto Dominion
(Texas) LLC as facility agent, as most recently amended by an amendment letter
dated 11 December 2006

1.                                      Background

(a)                                  This letter is
supplemental to and amends the Agreement.

(b)                                 Pursuant to
clause 25 (Amendments and waivers) of the Agreement, the Majority Lenders have
consented to the amendments to the Agreement and the waiver contemplated by
this letter.  Accordingly, we are
authorised to execute this letter on behalf of the Finance Parties.

2.                                      Construction

(a)                                  Capitalised terms
defined in the Agreement have the same meaning when used in this letter.

(b)                                 The provisions of
clause 1.2 (Construction) of the Agreement apply to this letter as though they
were set out in full in this letter except that references to the Agreement are
to be construed as references to this letter.

(c)                                  Amendment
Effective Date has the meaning given to it in paragraph 4 (Amendment
Effective Date).

(d)                                 Reference is made
to clause 1.3 of the Agreement. References in any of the Finance Documents to
the Existing Facility Agreement shall be references to the Existing Facility
Agreement as amended by an amendment letter dated on or about the date of this
letter.

3.                                      Amendments

(a)                                  We are authorised
to confirm on behalf of the Majority Lenders that, with effect from the
Amendment Effective Date the Agreement will be amended as set out in the
schedule to this letter.

(b)                                 Each Obligor
confirms that the Security Interests granted to the Beneficiaries pursuant to the
Security Documents and its obligations under the Finance Documents shall
continue and remain unaffected by the entry into of this letter and shall
extend to the liability and obligations of the Obligors to the Finance Parties
under the Finance Documents as amended by this letter.

4.                                      Amendment
Effective Date

This
letter shall take effect on the date (the Amendment Effective Date)
on which the Facility Agent notifies the Company and the Lenders that it has
received in form and substance to it (acting reasonably):

(a)                                  evidence of the
due authorisation and execution of this letter by each Obligor;

(b)                                 legal opinions in
respect of Dutch, English and New York law from Allen & Overy LLP, English,
Dutch and New York legal advisers to the Facility Agent, addressed to the
Finance Parties.

5.                                      Waiver

For
the purposes of the acquisition of Cablecom Holdings AG and its subsidiaries
directly or indirectly by UPC Broadband only, we hereby agree to waive the
requirement that UPC Broadband deliver to the Facility Agent an Acquisition
Business Plan in accordance with Clause 16.11(a)(ii) (Acquisitions and Mergers)
of the Agreement.

6.                                      Reservation of
rights

Each
Finance Party reserves any other right or remedy it may have now or
subsequently.  This letter does not
constitute a waiver of any right or remedy.

7.                                      Miscellaneous

(a)                                  This letter is a
Finance Document and the Agreement, as amended by this letter, is a Finance
Document.

(b)                                 Subject to the
terms of this letter, the Agreement will remain in full force and effect and
the Agreement and this letter will be read and construed as one document.

(c)                                  The
representations and warranties in Clause 15 (Representations and Warranties) of
the Agreement (with the exception of Clauses 15.6(a) (Consents), 15.10
(Financial Condition), 15.12 (Security Interests), 15.13(b) (Litigation and
insolvency proceedings), 15.14 (Business Plan), 15.15 (Tax liabilities), 15.16
(Ownership of assets), 15.19 (Borrower Group Structure),  15.20 (ERISA) and 15.24 (UPC Financing)) are
true and correct as if made on the date of this letter and on the Amendment
Effective Date, with reference to the facts and circumstances then existing, as
if each reference to (i) the Finance Documents includes a reference to this
letter and (ii) references to the Agreement are to the Agreement as amended by
this letter.

(d)                                 This letter may
be executed in any number of counterparts, and this has the same effect as if
the signatures were on a single copy of this letter.

8.                                      Governing law

This
letter is governed by English law.

 

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Authorized Signatory

	
  

  	
   

  	
   

  

For

TORONTO DOMINION (TEXAS) LLC

as Facility Agent

 

 3
 

SCHEDULE

1.                                       The definition of
“Permitted Acquisition” in Clause 1.1
(Definitions) of the Agreement will be amended as follows:

(i)                                     inserting the
words “or in Chile” after the words “in Europe (other than Great Britain or
Germany)” in paragraph (b)(i);

(ii)                                  inserting the
words “within 15 days of the date of any such Majority Acquisition” after the
words “UPC Broadband delivers to the Facility Agent” in paragraph (b)(ii);

(iii)                               renumbering
paragraph (b)(iii) to become (b)(ii)(C) and deleting the words “UPC Broadband
delivers to the Facility Agent”;

(iv)                              deleting the word
“and” at the end of paragraph (b)(ii)(A)II and inserting the word “and” at the
end of paragraph (b)(ii)(B);

(v)                                 renumbering
paragraph (b)(iv) to become (b)(iii) and renumbering paragraph (b)(v) to become
(b)(iv);

(vi)                              inserting the
words “Other than in the case of a Majority Acquisition where the Acquisition
Cost is less than €40,000,000,” at the beginning of the renumbered paragraph
(b)(iv);

(vii)                           inserting the
words “within 15 days of the date of any Majority Acquisition” after the words “UPC
Broadband delivers to the Facility Agent” in the renumbered paragraph (b)(iv);

(viii)                        deleting the word
“or” at the end of the renumbered paragraph (b)(iv);

(ix)                                renumbering
paragraph (c) as paragraph (d) and inserting a new paragraph (c) as follows:

“(c)                          any Acquisition
of further share capital (or equivalent) of an entity which was a member of the
Borrower Group immediately prior to the completion of the Acquisition; or”

2.                                       The definition of
“Permitted Business” in Clause 1.1
(Definitions) of the Agreement will be amended by inserting the words “or in
Chile” after the words “in Europe”.

3.                                       The definition of
“Permitted Disposal” in Clause 16.10(b)
(Disposals) of the Agreement will be amended as follows:

(i)                                     deleting the word
“and” at the end of sub-paragraph (xiii);

(ii)                                  renumbering
sub-paragraph (xiv) to become sub-paragraph (xvi) and inserting:

(A)                               a new
sub-paragraph (xiv) as follows:

 

 4
 

“(xiv)                 payment, transfer or other disposal between
members of the Borrower Group, constituting consideration or investment for or
towards or in furtherance of any Acquisition, Permitted Acquisition, Permitted
Joint Venture, merger or consolidation permitted by Clause 16.11 (Acquisitions
and Mergers);”;

(B)                                a new
sub-paragraph (xv) as follows:

“(xv)                    the disposal of
all or part of any member of the VTR Group provided that a prepayment is made
in accordance with Clause 7.6(a) (Mandatory prepayment of disposal proceeds) in
respect of such disposal”; and

(iii)                               amending the
renumbered sub-paragraph (xvi) as follows:

(A)                              deleting the
number “(xiii)” and replacing it with the number “(xv)” in the first paragraph;
and

(B)                                inserting the
words “(excluding the Annualised EBITDA attributable to the VTR Group)” after
the words “Annualised EBITDA of the Borrower Group” in the first paragraph.

4.                                       In addition to
that set out in paragraph 3. above, Clause 16.10 (Disposals) of the Agreement
shall further be amended by, in paragraph (c)(x) and in line 5 of paragraph
(c)(y), inserting the words “(excluding the Annualised EBITDA attributable to
the VTR Group)” after the words “Annualised EBITDA of the Borrower Group”.

5.                                       The definition of
“Permitted Joint Venture” in Clause 1.1
(Definitions) of the Agreement will be amended as follows:

(i)                                     inserting the
words “or in Chile” after the words “in Europe (other than Great Britain or
Germany)” in paragraph (b)(i);

(ii)                                  inserting the
words “within 15 days of the date of any such JV Minority Acquisition” after
the words “UPC Broadband delivers to the Facility Agent” in paragraph (b)(ii);

(iii)                               renumbering
paragraph (b)(iii) to become (b)(ii)(C) and deleting the words “UPC Broadband
delivers to the Facility Agent”;

(iv)                              deleting the word
“and” at the end of paragraph (b)(ii)(A)II and inserting the word “and” at the
end of paragraph (b)(ii)(B);

(v)                                 renumbering
paragraph (b)(iv) to become (b)(iii) and renumbering paragraph (b)(v) to become
(b)(iv);

(vi)                              inserting the
words “Other than in the case of a JV Minority Acquisition where the
Acquisition Cost is less than €40,000,000,” at the beginning of the renumbered
paragraph (b)(iv);

(vii)                           inserting the
words “within 15 days of the date of any JV Minority Acquisition” after the
words “UPC Broadband delivers to the Facility Agent” in the renumbered
paragraph (b)(iv);

 

 5
 

6.                                       The definition of
“Permitted Security Interest” in Clause
1.1 (Definitions) of the Agreement will be amended as follows:

(i)                                     deleting the word
“and” at the end of the paragraph (k);

(ii)                                  renumbering
paragraph (l) as paragraph (n) and inserting a new paragraph (l) and a new
paragraph (m) as follows:

“(l)                             any Security
Interest arising over the deposit arrangement, or any other similar
arrangement, to be made by a member of the Borrower Group to the lenders under
or in connection with the VTR Facility by no later than the date on which the
deposit arrangement, or any other similar arrangement is made;

“(m)                       any Security
Interest over the VTR Facility or any Security Interest securing the Financial
Indebtedness incurred by VTR GlobalCom SA under the VTR Facility; and”

(iii)                               in the renumbered
paragraph (n) the reference to “(k)” shall be deleted and replaced with “(m)”.

7.                                       The definition of
“Senior Hedging Bank” in Clause 1.1 (Definitions)
of the Agreement will be amended by inserting the words “or a Lender or its
Affiliate as defined in this Agreement” after the words “Existing Facility
Agreement”.

8.                                       Inserting  the following new definitions into Clause 1.1
(Definitions) of the Agreement as follows:

(i)                                     “VTR Acquisition means the Acquisition of VTR GlobalCom S.A.
(directly or indirectly by the acquisition of its Holding Company) and its
Subsidiaries by a member of the Borrower Group.”

(ii)                                  “VTR Facility means the senior secured credit facility
agreement dated 20 September 2006 and made between VTR GlobalCom S.A. and
International Communications LLC as the original borrowers, Citigroup Global
Markets Inv, TD Securities (USA) LLC, BNP Paribas Securities Corp. and
Santander Investment Securities Inc. as arrangers, Toronto Dominion (Texas) LLC
as facility agent and Citibank, N.A., Agencia En Chile as collateral agent.”

(iii)                               “VTR Group means United Chile LLC (or the relevant Holding
Company of VTR GlobalCom S.A.) and its Subsidiaries.”

9.                                       Clause 7.6(a)
(Mandatory prepayment from disposal proceeds) of the Agreement shall be amended
by changing the reference to “(xiii)” to “(xiv)”.

10.                                 Clause
16.11(b)(iii) (Acquisitions and mergers) of the Agreement shall be amended as
follows:

(i)                                     in sub-paragraph
(A), deleting the words “at least 10 days before the merger is to be” and
replacing them with “within 30 days after the date on which the merger is”; and

(ii)                                  inserting the
words “within 30 days after the date on which the merger is entered into” after
the words “delivered to the Facility Agent” in sub-paragraph (B).

 

 6
 

11.                                 Clause 16.12
(Restrictions on Financial Indebtedness) of the Agreement will be amended by
deleting paragraph (d) in its entirety.

12.                                 The definition of
“Third Party Debt” in Clause 1.1
(Definitions) of the Agreement will be deleted in its entirety.

13.                                 The definition of
“Agreed Security Interest” in paragraph
(c)(ii) of Clause 16.7 (Negative Pledge) of the Agreement will be amended as
follows:

(i)                                     deleting
sub-paragraph (g) in its entirety;

(ii)                                  inserting the
word “and” at the end of sub-paragraph (f); and

(iii)                               renumbering
sub-paragraph (h) to become sub-paragraph (g).

14.                                 The definition of
“Permitted Financial Indebtedness” in
Clause 16.12(b) (Restrictions on Financial Indebtedness) of the Agreement will
be amended as follows:

(i)                                     deleting the word
“and” at the end of sub-paragraph (xiv);

(ii)                                  renumbering
sub-paragraph (xv) as paragraph (xvii) and inserting a new paragraph (xv) as
follows:

“(xv)                     any Financial
Indebtedness arising as a result of any cash pooling arrangements in the
ordinary course of the Borrower Group’s banking business to which any member of
the Borrower Group is a party;”;

(iii)                               inserting a new
paragraph (xvi) as follows:

“(xvi)                 any Financial Indebtedness incurred by VTR
GlobalCom SA under the VTR Facility provided that the loan, deposit or similar
arrangement to be made by a member of the Borrower Group with  the lenders under or in connection with the
VTR Facility is made by no later than the date falling 60 days after the date
of the VTR Acquisition; and”; and

(iv)                              in the
re-numbered paragraph (xvii), deleting the reference to the number “(xiv)” and
replacing it with the number “(xvi)”.

15.                                 Clause 16.14(a)
(Loans and guarantees) of the Agreement will be amended as follows:

(i)                                     by inserting the
words “,within 60 days of making that loan” after the word “unless” at the end
of the first paragraph;

(ii)                                  deleting the word
“first” in the first line of sub-paragraph (i);

(iii)                               deleting the
words “is to be” in sub-paragraph (ii) and replacing them with the words “has
been”;

(iv)                              deleting the “and”
at the end of paragraph (f);

(v)                                 deleting the “.”
at the end of paragraph (g) and inserting “; and” in its place; and

 

 7
 

(vi)                              inserting a new
paragraph (h) as follows:

“(h)                         the loan,
deposit, or similar arrangement to be made by a member of the Borrower Group
with  the lenders under the VTR Facility
by no later than the date falling 60 days after the date of the VTR
Acquisition.”

16.                                 Clause 16.17(a)
(Hedging) of the Agreement will be amended as follows:

(i)                                     deleting the “and”
at the end of sub-paragraph (ii) and deleting the “.” at the end of
sub-paragraph (iii) and replacing it with “; and”; and

(ii)                                  inserting a new
sub-paragraph (iv) as follows:

“(iv)
any interest rate, currency and any other hedging arrangements permitted under
the VTR Facility.”

17.                                 The definition of
“EBITDA” in Clause 17.1 (Financial
definitions) of the Agreement shall be amended by inserting a new paragraph at
the end of the definition:

“For
the avoidance of doubt, as a result of US GAAP purchase accounting
adjustments, certain deferred revenues on the balance sheet of Cablecom GmbH
were required to be written off. The Borrower shall, when calculating EBITDA,
have the option to include revenues that would have been recognised
had this US GAAP purchase accounting not taken place.”

18.                                 Clause 17.5
(Determinations) shall be amended as follows:

(i)                                     by amending
paragraph (a) so that it reads as follows:

“(a)                             Financial Indebtedness of the Borrower Group
originally denominated in any currency other than euro that has been swapped,
directly or indirectly through one or more foreign exchange hedging
transactions, into euro, will be taken into account at its euro equivalent
using the effective exchange rate in the relevant foreign exchange hedging
transactions.”

(ii)                                  by renumbering
paragraphs “(c)” and “(d)” as (d) and (e) respectively; and

(iii)                               by inserting a
new paragraph (c) as follows:

“(c)                            Notwithstanding
paragraphs (a) and (b) above, Hedged Debt (as defined below) will be taken into
account at its euro equivalent calculated using the same weighted average
exchange rates for the relevant ratio period used in the profit and loss
statements of the relevant accounts of the Borrower Group for calculating the
euro equivalent of EBITDA denominated in the same currency as the currency in
which that Hedged Debt is denominated or into which it has been swapped, as
described below.

Hedged Debt means:

(i)                                    Financial
Indebtedness of the Borrower Group originally denominated in any currency other
than euro in which any member of the Borrower Group earns EBITDA (a functional currency) and that has not been swapped, directly
or

 

 8

indirectly
through one or more foreign exchange hedging transactions, into euro; and

(ii)       Financial Indebtedness of
the Borrower Group that has been swapped, directly or indirectly through one or
more foreign exchange hedging transactions, into a functional currency.”

19.                                 Clause 18.3
(Breach of other obligations) of the Agreement shall be amended by inserting
a  new paragraph (c) as follows:

“
(c)                        During the Clean
Up Period (as defined below), references to the Group, Material Subsidiaries or
member of the Borrower Group in Clauses 15 (Representations and Warranties), 16
(Undertakings) and 18 (Default) (other than Clause 18.3(a) (Breach of other
obligations) to the extent it refers to Clause 17 (Financial Covenants)) will
not include any company which has been acquired pursuant to an Acquisition
permitted under Clause 16.11(a)(i) or (ii) (Acquisitions and mergers) if the
relevant event or circumstance, which would, but for the operation of this
paragraph (c), have resulted in a Default:

(i)                                    existed prior to
the date of such Acquisition;

(ii)                                 is capable of
remedy during the Clean Up Period and reasonable steps are being taken, having
become aware of such event or circumstance, to ensure that such event or
circumstance is being remedied;

(iii)           was not procured or approved by any
member of the Borrower Group; and

(iv)                             has not resulted
in or could not be reasonably be expected to have, a Material Adverse Effect.

“
Clean Up Period” means the period commencing on the date of completion of any
Acquisition referred to in paragraph (c) above and ending on the date falling
120 days thereafter. “

20.                                 Clause 18.5(c)
(Cross default) shall be amended by inserting the following words “(other than
any Financial Indebtedness of a member of the Borrower Group under the VTR Facility)”
after the words “UGCE Borrower Group”.

21.                                 Clause 12.3(a)
(Exceptions) of the Agreement will be amended as follows:

(i)                                     deleting the word
“or” at the end of sub-paragraph (iii);

(ii)                                  re-numbering
sub-paragraph (iv) to become sub-paragraph (v); and

(iii)                               inserting a new
sub-paragraph (iv) as follows:

“(iv)                        attributable to
the implementation or application of or compliance with the “International
Convergence of Capital Measurement and Capital Standards, a Revised Framework”
published by the Basel Committee on Banking Supervision in June 2004 in the
form existing [on the date of this letter] (“Basel II”)
or any other law or regulation which implements Basel II 

 9
 

(whether
such implementation, application or compliance is by a government, regulator,
Finance Party or any of its affiliates); or”

22.                                 Any amendments
and waivers that are reasonably required to be made to the Agreement and which
are not materially prejudicial to the interests of the Lenders.

 

 10
 

We agree with the terms of this letter.

Borrowers:

UPC
BROADBAND HOLDING B.V.

By:    Authorized Signatory

UPC
FINANCING PARTNERSHIP

By:    Authorized Signatory

Guarantors:

UPC
BROADBAND HOLDING B.V.

By:    Authorized Signatory

UPC
HOLDING II B.V.

By:    Authorized Signatory

UPC
FINANCING PARTNERSHIP

By:    Authorized Signatory

UPC
HOLDING B.V.

By:    Authorized Signatory

UPC
FRANCE HOLDING B.V.

By:    Authorized Signatory

UPC
WESTERN EUROPE HOLDING B.V.

By:    Authorized Signatory

 

 11
 

UPC
CENTRAL EUROPE HOLDING B.V.

By:    Authorized Signatory

UPC
NEDERLAND B.V.

By:    Authorized Signatory

UPC
POLAND HOLDING B.V.

By:    Authorized Signatory

UPC
BROADBAND N.V.

By:    Authorized Signatory

UPC
BROADBAND IRELAND B.V.

By:    Authorized Signatory

 

 12

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