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Exhibit 10.18    
  

 
 

Water Pik Technologies, Inc.
  Broad-Based Stock Option Plan    
  

        1.    Purpose of the Plan    

        The
purpose of the Water Pik Technologies, Inc. Broad-Based Stock Option Plan (the "Plan") is to promote the interest of Water Pik
Technologies, Inc. (the "Company") and its subsidiaries (the "Subsidiaries") by providing a
vehicle under which the Company can offer to eligible employees the opportunity to obtain equity interests in the Company, thereby increasing employee ownership of Company stock, better enabling the
Company to recruit and retain top talent and allowing eligible employees to share in the benefits of future growth in the value of the Company that they help to create. 

        2.    Administration    

        The
Plan shall be administered by the Personnel and Compensation Committee (the "Committee") of the Board of Directors of the Company (the  "Board"). The
Committee shall have the sole and absolute power, authority and discretion to interpret the Plan, to prescribe, amend and rescind rules
and regulations to further the purposes of the Plan, and to make all other determinations necessary for the administration of the Plan. All such actions by the Committee shall be final and binding. To
the extent permitted by law, members of the Committee shall be indemnified and held harmless by the Company with respect to any loss, cost, liability or expense that may be reasonably incurred in
connection with any claim, action, suit or proceeding which arises by reason of any act or omission under the Plan so long as such act or omission is taken in good faith and within the scope of the
authority delegated herein. The Committee may, subject to compliance with applicable legal requirements, delegate such of its powers and authority under the Plan as it deems appropriate to designated
officers or employees of the Company. In the event of any such delegation of authority, references in the Plan to the Committee shall be deemed to refer to the delegate of the Committee. 

        3.    Nonqualified Stock Options    

        Awards
under the Plan shall be in the form of non-qualified stock options ("Options"), i.e., stock options which do not
qualify as "incentive stock options" within the meaning of Section 422 or any successor provision of the Internal Revenue Code of 1986, as amended (the  "Code"). Each Option award shall be evidenced
by a written award agreement or notice in such form as the Committee shall approve from time to time. 

        4.    Shares Subject to the Plan    

        The
total number of shares authorized to be issued under the Plan shall equal 5% of the outstanding shares of the Common Stock of the Company (the "Common
Stock") immediately following the effective date of the Plan. If the number of outstanding shares of Common Stock is increased after the effective date of the Plan, the total
number of shares available under the Plan will be increased by 5% of such increase. If any Option shall cease to be exercisable in whole or in part for any reason, the shares which were covered by
such Option but as to which the Option had not been exercised shall again be available under the Plan. Shares issuable under the Plan shall be made available from authorized and unissued or reacquired
Common Stock. 

        5.    Participants; Option Awards    

        (a)    Initial Grants.    As of a date approved by the Committee as
the implementation date for the Plan (the "Initial Effective Date"), a one-time award of Options will be granted to each
full-time employee of the Company and its Subsidiaries, other than any such employee who is an 

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executive officer or director of the Company. Notwithstanding the foregoing, only persons who are residents of the United States or Canada shall be eligible to receive grants under the Plan.
Employees covered by a collective bargaining agreement (as defined by the Secretary of Labor) between employees' representatives and the Company are not eligible to receive grants under the Plan if
the benefits provided hereunder were the subject of good faith bargaining between such employees' representatives and the Company and such collective bargaining agreement does not provide for grants
to be made to such employees under the Plan. As of the Initial Effective Date, each eligible employee shall receive an Option for such number of shares of Common Stock as the Committee shall determine
based upon such eligible employee's position within the Company and its Subsidiaries. Employees who are hired after the Initial Effective Date or who are not otherwise eligible to receive the initial
grant of
Options will participate in the Plan only if and to the extent that the Committee decides (i) to issue converted Options under Section 5(b), or (ii) to make additional Option
grants after the Initial Effective Date pursuant to Section 5(c) and the employee is eligible to participate in such additional grants under the eligibility criteria established by the
Committee with respect to such grants. 

        (b)    Converted Options.    Pursuant to the terms of an Employee
Benefits Agreement between the Company and Allegheny Teledyne Incorporated ("ATI"), dated
November 29, 1999 (the "Employee Benefits Agreement"), the Committee may, in its discretion, issue Options under the Plan in substitution of
certain stock options held by eligible employees of the Company for the purchase of ATI common stock, which options were issued under the Allegheny Teledyne Incorporated 1996 Incentive Plan or a
similar stock compensation plan maintained by ATI or one of its subsidiaries. The Committee will determine the applicable terms and conditions of such converted options according to the provisions of
the Employee Benefits Agreement or otherwise in its discretion. 

        (c)    Additional Grants.    The Committee may, but shall not be
obligated to, make Option grants under the Plan in addition to those described in Section 5(a). The Committee shall determine and designate from time to time those employees of the Company and
the Subsidiaries who shall be awarded such additional Option grants under the Plan and the number of shares of Common Stock to be covered by each such Option. In making its determinations, the
Committee shall take into account such factors as the Committee shall deem relevant in connection with accomplishing the purposes of the Plan. 

        6.    Fair Market Value    

        For
all purposes under the Plan, the term "Fair Market Value" shall mean, as of any applicable date, the average of the high and low
trading price of the Common Stock as reported on the New York Stock Exchange Composite Tape on such date, or if no such reported sale of the Common Stock shall have occurred on such date, on the
nearest preceding date on which there was such a reported sale. 

        7.    Exercise Price    

        Options
shall be granted at an exercise price equal to 100% of the Fair Market Value of the underlying shares of Common Stock on the date of grant. 

        8.    Option Period    

        The
Options granted under the Plan may be exercised by participants, in whole (partial exercises are not permitted), within ten years following the date of grant, provided that the
vesting conditions set forth in Section 9 are met and subject to earlier expiration as set forth in Section 11. 

        9.    Vesting and Other Terms and Conditions of Options    

        An
Option will become vested and exercisable in three equal installments, such that one-third (1/3) will vest on the first anniversary of the date of grant, an
additional one-third (1/3) of the original Option 

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will vest on the second anniversary of the date of grant, and the remaining one-third (1/3) will vest on the third anniversary of the date of grant. Notwithstanding the
foregoing, an Option will vest in full and be exercisable upon the occurrence of a Change in Control. The Committee shall have the discretion to determine additional terms and conditions, consistent
with this Plan, that will be applicable to Options granted hereunder. The Committee shall also have the discretion to accelerate the exercise date of an Option whenever it decides, in its absolute
discretion, that such action is in the best interests of the Company and is equitable to the participant. For purposes of the Plan, a "Change in Control" shall be deemed to have occurred upon: 

        (i)    The
acquisition in one or more transactions, other than from the Company, by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2)
of the Exchange Act) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of a number of Company Voting Securities in excess of 25% of the
Company Voting Securities unless such acquisition has been approved by the Board; 

        (ii)  Any
election has occurred of persons to the Board that causes two-thirds (2/3) of the Board to consist of persons other than
(A) persons who were members of the Board on the Initial Effective Date and (B) persons who were nominated for elections as members of the Board at a time when two-thirds of
the Board consisted of persons who were members of the Board on the Initial Effective Date, provided, however, that any person nominated for election by a Board at least two-thirds
(2/3) of whom constituted persons described in clauses (A) and/or (B) or by persons who were themselves nominated by such Board shall, for this purpose, be deemed to have
been nominated by a Board composed of persons described in clause (A); 

        (iii)  Approval
by the stockholders of the Company of a reorganization, merger or consolidation, unless, following such reorganization, merger or consolidation, all or
substantially all of the individuals and entities who were the respective beneficial owners of the outstanding shares of Common Stock and Company Voting Securities immediately prior to such
reorganization, merger or consolidation, following such reorganization, merger or consolidation beneficially own, directly or indirectly, more than seventy-five percent (75%) of,
respectively, the then outstanding shares of Common Stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors or trustees,
as the case may be, of the entity resulting from such reorganization, merger or consolidation in substantially the same proportion as their ownership of the outstanding shares of Common Stock and
Company Voting Securities immediately prior to such reorganization, merger or consolidation, as the case may be; or 

        (iv)  Approval
by the stockholders of the Company of (A) a complete liquidation or dissolution of the Company or (B) a sale or other disposition of all or
substantially all the assets of the Company. 

        As
used herein, "Company Voting Securities" means the combined voting power of all outstanding voting securities of the Company entitled
to vote generally in the election of the Board. 

        10.    Exercise of Options and Payment for Common Stock    

        A
participant may exercise all, but not less than all, of the vested amount of Options granted to him or her under the Plan by delivering written notice of exercise to the Company which
must be received by the officer or employee of the Company designated in the applicable award agreement at or before the close of business on the expiration date of the Option (or by such other
procedure as the Committee may establish or approve from time to time). Full payment for shares of Common Stock purchased upon the exercise of the Option shall be made at the time the Option is
exercised. Payment of the purchase price shall be made in cash or in such other form as the Committee may approve in the applicable award agreement, including, without limitation, payment in
accordance with a cashless exercise program under which, if so instructed by the participant, shares may be issued directly to the 

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participant's broker or dealer upon receipt of an irrevocable written notice of exercise from the participant (or by such other procedure as the Committee may establish or approve from time to time).
No shares of Common Stock shall be issued to the participant until such payment has been made, and a participant shall have none of the rights of a stockholder with respect to Options held except to
the extent such Options have been exercised. 

        11.    Termination of Options    

        A
participant shall be entitled to exercise his or her Options, to the extent such Options were vested and exercisable on the date of termination, for a period of (a) thirty
(30) days (but not after the scheduled expiration date of such Options) following the date of termination of the participant's employment for any reason other than the participant's disability
(within the meaning of Section 22(e)(3) of the Code), death or retirement on or after his normal retirement age in accordance with the Company's retirement policy for employees, as appropriate,
and (b) one (1) year (but not after the scheduled expiration date of such Options) following the date of termination of employment by reason of the participant's disability (within the
meaning of Section 22(e)(3) of the Code), death or retirement on or after his normal retirement age in accordance with the Company's retirement policy for employees. Options that were not
exercisable on the date of termination of the participant's employment for any reason will terminate on the date of the participant's termination. 

        12.    Effect of Change in Stock Subject to the Plan    

        The
number and kind of shares subject to outstanding Options, the exercise price for such shares and the number and kind of shares available for Options subsequently granted under the
Plan shall be appropriately adjusted to reflect any stock dividend, stock split, combination or exchange of shares, merger, consolidation or other change in capitalization with a similar substantive
effect upon the Plan or the Options granted under the Plan. The Committee shall have the power and sole discretion to determine the amount of the adjustment to be made in each case. 

        13.    Mergers and Similar Transactions    

        In
the event of any merger, reorganization, consolidation, share exchange, transfer of assets or other transaction having similar effect involving the Company (a  "Merger") in which the Company is not the
surviving corporation or pursuant to which a majority of the shares which are of the same class as the shares
that are subject to outstanding Options are exchanged for, or converted into, or otherwise become shares of another corporation or other consideration, the Committee shall have the sole discretion to
determine that (i) the surviving, continuing, successor or purchasing corporation, as the case may be (the "Acquiring Corporation"), shall assume
the Company's rights and obligations under outstanding award agreements or substitute awards in respect of the Acquiring Corporation's stock for outstanding Options, or (ii) the Options shall
be cancelled in exchange for such consideration as the Committee shall approve (based on the value of the consideration received in the Merger by holders of Common Stock). 

        14.    Nonassignability    

        Options
shall not be transferable other than by will or the laws of descent and distribution and are exercisable during participant's lifetime only by the participant. 

        15.    Withholding    

        Whenever
the Company proposes or is required to issue or transfer shares of Common Stock in connection with the exercise of Options, the Company shall have the right to require the
option holder to pay to the Company an amount sufficient to satisfy any federal, state or local withholding tax requirements with respect to such exercise. Such payment may be directly from the
Company or in accordance with a cashless exercise program approved by the Committee. In addition, the Company 

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shall have the right to deduct from all amounts paid to a participant in cash as salary, bonus or other compensation any taxes required by law to be withheld in respect of Options under this Plan. 

        16.    Construction of the Plan    

        The
validity, construction, interpretation, administration and effect of the Plan and of its rules and regulations, and rights relating to the Plan, shall be determined solely in
accordance with the laws of the State of Delaware, other than the conflict of law provisions of such laws. 

        17.    Amendment    

        The
Board may, by resolution, amend or revise the Plan, except that the Board may not alter or impair any Options previously granted under the Plan without the consent of the holders
thereof, except in accordance with the provisions of Paragraph 12. 

        18.    Effective Date; Termination of Plan    

        The
Plan shall become effective as of November 29, 1999, the date it was adopted by the Board of Directors. The Plan shall terminate on the tenth (10th) anniversary of the
effective date, unless it is sooner terminated by the Board. Termination of the Plan shall not affect Options previously granted under the Plan. 

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QuickLinks

Exhibit 10.18

Water Pik Technologies, Inc. Broad-Based Stock Option Plan<Page>

                                                                   Exhibit 10.76

                          SECURITIES PURCHASE AGREEMENT

     This Securities Purchase Agreement, dated February 6, 2003 (this
"Agreement"), is entered into by and among UnitedGlobalCom, Inc., a Delaware
corporation (the "Purchaser"), Alliance Balanced Shares ("ABS"), Alliance Growth
Fund ("AGF"), Alliance Global Strategic Income Trust ("AGSIT") and EQ Alliance
Common Stock Portfolio (together with ABS, AGF and AGSIT, the "Sellers" and each
a "Seller").

                                    RECITALS

     WHEREAS, United Pan-Europe Communications N.V., incorporated and existing
under the laws of the Netherlands ("UPC") filed a voluntary case under Chapter
11 of title 11 of the United States Code, 11 U.S.C. Sections 101-1330, as
amended, in the United States Bankruptcy Court for the Southern District of New
York (the "US Bankruptcy Court") and has proposed its Second Amended Plan of
Reorganization (the "US Plan");

     WHEREAS, the US Bankruptcy Court has approved UPC's Second Amended
Disclosure Statement, dated January 7, 2003, with respect to the US Plan (the
"Disclosure Statement");

     WHEREAS, the Purchaser is the majority shareholder of UPC;

     WHEREAS, each of the Sellers hold the number of Preference Shares A of UPC,
nominal value E1.00 per share (the "Preference Shares") and warrants to purchase
ordinary shares A of UPC, nominal value E1.00 per share (the "Ordinary Shares"),
at an exercise price of E42.546 per Ordinary Share (the "Warrants," and together
with the Preference Shares, the "UPC Securities") set forth opposite its name on
SCHEDULE 1 attached hereto; and

     WHEREAS, each of the Sellers, entered into agreements, dated December 20,
2002 (the "Letter Agreements") providing for the Sellers to sell the UPC
Securities to the Purchaser in exchange for shares of the Purchaser's Class A
Common Stock, par value $.01 per share (the "UGC Shares").

     NOW, THEREFORE, in consideration of their mutual promises made herein, and
for other good and valuable consideration, receipt of which is hereby
acknowledged by each party, the parties, intending to be legally bound, hereby
agree as follows:

     SECTION 1. PURCHASE OF THE UPC SECURITIES. Subject to the terms and
conditions of this Agreement, the Purchaser agrees to purchase and the Sellers
agree, severally and not jointly, to sell to the Purchaser at Closing, the
aggregate number of UPC Securities set forth opposite such Seller's name on
SCHEDULE 1 hereto in exchange
<Page>

for the number of UGC Shares set forth opposite such Seller's name on SCHEDULE 1
hereto.

     SECTION 2. CLOSING. The consummation of the purchase and sale of the UPC
Securities to be purchased hereunder (the "Closing") shall take place at the
offices of the Purchaser on a date mutually agreed upon between the parties, but
in any event within three (3) business days after the satisfaction or waiver of
the conditions set forth herein (such date being referred to herein as the
"Closing Date"). At the Closing:

          (a)  The Sellers shall transfer the Preference Shares to the
Purchaser.

          (b)  The Sellers shall transfer title to the Warrants to the Purchaser
by delivering to the Purchaser the Warrants with an executed Assignment Form
attached as Exhibit B thereto providing for the transfer of title to the
Purchaser.

          (c)  The Purchaser shall deliver to the Sellers certificates for the
UGC Shares, in such denominations and registered as the Sellers shall advise the
Purchaser at least two days prior to the Closing Date.

               (i)  Each certificate representing the UGC Shares will contain a
legend substantially to the following effect (in addition to any legends
required under applicable securities laws:.

     "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
     THE SECURITIES ACT OF 1933 (THE "ACT") AND ARE "RESTRICTED SECURITIES" AS
     THAT TERM IS DEFINED IN RULE 144 UNDER THE ACT. THE SHARES MAY NOT BE
     OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN
     EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR PURSUANT TO AN EXEMPTION
     FROM REGISTRATION UNDER THE ACT, THE AVAILABILITY OF WHICH IS TO BE
     ESTABLISHED TO THE SATISFACTION OF THE COMPANY.

     THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A SECURITIES
     PURCHASE AGREEMENT, DATED FEBRUARY 6, 2003, COPIES OF WHICH ARE AVAILABLE
     FROM UNITEDGLOBALCOM, INC. UPON REQUEST, AND ANY SALE, PLEDGE,
     HYPOTHECATION, TRANSFER, ASSIGNMENT OR OTHER DISPOSITION OF SUCH SECURITIES
     IS SUBJECT TO SUCH SECURITIES PURCHASE AGREEMENT.

     SECTION 3. CERTAIN COVENANTS OF THE SELLERS. Each of the Sellers covenants
with the Purchaser as follows:

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<Page>

          (a)  RIGHT OF FIRST REFUSAL. Each Seller hereby grants to the
Purchaser a right of first refusal (the "First Refusal Right") to purchase any
and all UGC Shares which such Seller may propose to transfer, pursuant to a bona
fide third-party offer for such shares or enter into a hedge transaction with
respect to such UGC Shares.

               (i)  In the event that such Seller proposes to undertake such a
sale or hedge transaction, the Seller shall notify the Purchaser no later than
10 business days prior to the proposed transfer of, or the entering into any
hedge transaction with respect to, any of the UGC Shares (such notice, the "Sale
Notice").

               (ii) The Sale Notice shall specify (i) the number of UGC Shares
proposed to be transferred or with respect to which the Seller expects to enter
into a hedge transaction (the "Proposed Sale Shares"), (ii) the terms of the
offer or hedge transaction and the identity of the third-party offeror or
counterparty to the hedge transaction and (iii) the proposed sale price per UGC
Share (or its cash equivalent, if a proposed sale is other than for cash
consideration) or the consideration to be received in the proposed hedge
transaction (the "Proposed Sale Price").

               (iii) The Purchaser shall have 10 days after the Sale Notice is
mailed or delivered to agree to purchase the Proposed Sale Shares for the
Proposed Sale Price and upon the terms specified in the Sale Notice by giving
written notice (an "Exercise Notice") to such Seller and stating therein the
number of Proposed Sale Shares to be purchased. The right of first refusal may
not be assigned or transferred by the Purchaser except to Liberty Media
Corporation and its affiliates.

               (iv) In the event an Exercise Notice is not given to Seller prior
to the expiration of the 10 day exercise period, the Seller shall have a period
of 30 days thereafter in which to transfer, or enter into a hedge transaction
with respect to, the Proposed Sale Shares to the third-party offeror identified
in the Sale Notice, upon terms (including purchase price) no more favorable to
such third-party offeror or counterparty than those specified in the Sale
Notice; PROVIDED, HOWEVER, that any such transfer or entering into hedge
transaction must not be effected in contravention of the provisions of this
Agreement. In the event such Seller does not effect the proposed transfer within
the specified 30 day period, the First Refusal Right shall continue to be
applicable to any subsequent transfer or hedge transaction with respect to the
UGC Shares.

          (b)  RESTRICTION ON TRANSFER. Each of the UGC Shares issued to the
Sellers in accordance with this Agreement shall not be transferable by the
Sellers until twelve months after the Closing and each Seller shall not enter
into a hedge transaction with respect to such UGC Shares until twelve months
after Closing. Each Seller hereby authorizes the Purchaser to cause the transfer
agent to decline to transfer and/or to note stop transfer restrictions on the
transfer books and records of the Purchaser with respect to any UGC Shares for
which such Seller is the record holder and, in the case of any such UGC Shares
for which such Seller is the beneficial but not the record holder, agrees to

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<Page>

cause the record holder to cause the transfer agent to decline to transfer
and/or to note stop transfer restrictions on such books and records with respect
to such UGC Shares.

     SECTION 4. REGISTRATION.

          (a)  As soon as practicable after the Closing Date but in no event
later than 30 days after the Closing Date (such 30th day, the "Filing
Deadline"), the Purchaser shall file with the Commission a shelf registration
statement pursuant to Rule 415 under the Securities Act of 1933, as amended (the
"Act"), or amend an existing registration statement (the "Shelf Registration
Statement"), providing for the registration of all of the UGC Shares, and shall
use its reasonable best efforts to cause such Shelf Registration Statement to
become effective on or prior to 120 days after the Closing Date (such 120th day,
the "Effectiveness Deadline").

          (b)  No Seller may include any of its UGC Shares in any Shelf
Registration Statement pursuant to this Agreement unless and until such Seller
(i) agrees to be named as a selling stockholder in the related Prospectus and to
deliver a Prospectus to purchasers and (ii) furnishes to the Purchaser in
writing, within 15 days after receipt of a request therefor, certain
representations and information with respect to itself and the proposed
distribution by it as shall be necessary in order to assure compliance with
Federal and applicable state securities laws in connection with the Shelf
Registration Statement in order to have its UGC Shares included in the Shelf
Registration Statement. Each Seller agrees to promptly furnish additional
information required to be disclosed in order to make the information previously
furnished to the Purchaser by such Seller not materially misleading. The
Purchaser may exclude from such registration the UGC Shares of any Seller that
fails to furnish such information within a reasonable time after receiving such
request.

     SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE PURCHASER. The Purchaser
represents and warrants to the Sellers as follows:

          (a)  ORGANIZATION; POWERS. The Purchaser is (i) duly organized,
validly existing and in good standing under the laws of the jurisdiction of its
organization, (ii) has all requisite corporate power and authority to own its
property and assets and (iii) has the corporate power and authority to execute,
deliver and perform its obligations under this Agreement.

          (b)  AUTHORIZATION. The execution, delivery and performance by the
Purchaser of this Agreement (a) have been duly authorized by all requisite
corporate action on the part of the Purchaser and (b) do not and will not (i)
violate any laws or regulations applicable to the Purchaser, the certificate or
bylaws of the Purchaser or any order, judgment or decree of any court or other
agency of government binding on the Purchaser, (ii) conflict with, result in a
breach of or constitute (with due notice or lapse of time or both) a default or
event of default under any contract, lease, instrument, indenture, note or other
agreement of or binding upon the Purchaser, (iii) result in or

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<Page>

require the creation or imposition of any lien upon any of the properties or
assets of the Purchaser, or (iv) require any approval of stockholders or any
approval or consent of any person under any contract, lease, instrument,
indenture, note or other agreement of or binding upon the Purchaser, except for
such approvals or consents which have been obtained on or before the date hereof
or approvals or consents of which the failure to obtain would not have a
material adverse effect on (1) the business, financial condition or results of
operations of the Purchaser or (2) the Purchaser's ability to perform its
obligations under this Agreement.

          (c)  ENFORCEABILITY. This Agreement has been duly executed and
delivered by the Purchaser and constitutes a legal, valid and binding obligation
of the Purchaser enforceable against the Purchaser in accordance with its terms
except as may be limited by bankruptcy, insolvency, reorganization, moratorium
or similar laws relating to or limiting creditors' rights generally or by
equitable principles relating to enforceability.

          (d)  UGC SHARES. The UGC Shares to be issued pursuant to this
Agreement are duly authorized and, when delivered by the Purchaser pursuant to
this Agreement, will be validly issued, fully paid and nonassessable. No
resolutions to make any distributions out of the equity (vermogen) of the
Purchaser have been adopted, which have not been carried out.

     SECTION 6. REPRESENTATIONS AND WARRANTIES OF THE SELLERS. Each of the
Sellers represents and warrants to the Purchaser as follows:

          (a)  ORGANIZATION; POWERS. Such party (i) is duly organized, validly
existing and in good standing under the laws of the jurisdiction of its
organization, and (ii) has the corporate power and authority to execute, deliver
and perform its obligations under this Agreement.

          (b)  AUTHORIZATION. The execution, delivery and performance by such
party of this Agreement (a) have been duly authorized by all requisite corporate
action on the part of such party and (b) do not and will not violate any laws or
regulations applicable to such party, the certificate or bylaws of such party or
any order, judgment or decree of any court or other agency of government binding
on such party.

          (c)  ENFORCEABILITY. This Agreement has been duly executed and
delivered by such party and constitutes a legal, valid and binding obligation of
such party enforceable against such party in accordance with its terms except as
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar
laws relating to or limiting creditors' rights generally or by equitable
principles relating to enforceability.

          (d)  UPC SECURITIES. Sellers own, beneficially and of record, the
aggregate number of Preference Shares and Warrants set forth opposite such
Seller's name on SCHEDULE 1 attached hereto. Sellers did not grant rights to
purchase or otherwise

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<Page>

acquire the UPC Securities but to the Purchaser. The UPC Securities have not
been encumbered with an attachment, usufruct and pledge nor have depositary
receipts for the UPC Securities been issued with the Purchaser's concurrence.

          (e)  ACCREDITED INVESTOR. Such party is aware that the UGC Shares have
not been registered under the Securities Act or any applicable state securities
laws. Such party understands that the UGC Shares are being offered and exchanged
in reliance upon an exemption from registration under the Securities Act
provided by Section 4(2) of the Securities Act. Such party is an "Accredited
Investor" as that term is defined in Rule 501(a) of the Securities Act. The UGC
Shares are being acquired solely for such party's own account, for investment
purposes only, and not for any distribution, subdivision or fractionalization
thereof; and such party has no agreement or other arrangement, formal or
informal, with any person or entity to sell, transfer or pledge any part of the
UGC Shares. Such party further understands that it must bear the economic risk
of this investment for an indefinite period of time because such party cannot
resell or otherwise transfer any part of the UGC Shares unless (i) the UGC
Shares are first registered under the Securities Act and such resale or other
transfer complies with all applicable state securities laws or (ii) exemptions
from the requirements of the Securities Act and all applicable state securities
laws are available.

          (f)  ACCESS TO INFORMATION. Such party has adequate information
concerning the businesses, finances and operations, condition (financial and
otherwise), results of operations, properties, plans and prospects of the
Purchaser to make an informed decision regarding the sale and has independently
and without reliance upon the Purchaser made its own analysis and decision to
sell. Each Seller has been afforded the opportunity to ask questions of the
Purchaser and has received satisfactory answers to any such inquiries.

          (g)  NEGOTIATED AGREEMENT. The terms of this Agreement were the result
of negotiations between Sellers and the Purchaser, and such party was given the
opportunity to review and comment upon the proposed terms of this Agreement.

          (h)  DISCLOSURE STATEMENT. Such party has received a copy of the
Disclosure Statement.

     SECTION 7. CONDITIONS TO CLOSING.

          (a)  CONDITIONS TO THE OBLIGATIONS OF THE PURCHASER. The obligations
of the Purchaser to each Seller under this Agreement are subject to the
fulfillment on or before the Closing of each of the following conditions:

               (i)  The representations and warranties of the Sellers contained
in Section 6 shall be true on and as of the Closing with the same effect as
though such representations and warranties had been made on and as of the
Closing.

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<Page>

               (ii) Each of the Sellers shall have performed and complied with
all agreements, obligations and conditions contained in this Agreement that are
required to be performed or complied with by it on or before the Closing.

               (iii) Each of the Sellers shall have executed and delivered a
ballot voting in favor of the US Plan substantially in the form of EXHIBIT A
attached hereto.

               (iv) Each of the Sellers shall have executed and delivered a Deed
of Purchase and Transfer substantially in the form of EXHIBIT B attached hereto.

               (v) Each of the Sellers shall have delivered to the Purchaser
the Warrants with an executed Assignment Form attached as Exhibit B thereto
providing for the transfer of title to the Purchaser.

          (b)  CONDITIONS TO THE OBLIGATIONS OF THE SELLERS. The obligations of
the Sellers to the Purchaser under this Agreement are subject to the fulfillment
on or before the Closing of each of the following conditions:

               (i)  The representations and warranties of the Purchaser
contained in Section 5 shall be true on and as of the Closing with the same
effect as though such representations and warranties had been made on and as of
the Closing.

               (ii) The Purchaser shall have performed and complied with all
agreements, obligations and conditions contained in this Agreement that are
required to be performed or complied with by it on or before the Closing.

               (iii) The Purchaser shall have executed and delivered a Transfer
Deed substantially in the form of EXHIBIT B attached hereto.

     SECTION 8. TERMINATION OF LETTER AGREEMENT. Upon execution of this
Agreement by the parties hereto, all rights and obligations of the parties under
the Letter Agreement shall be terminated.

     SECTION 9. CONFIDENTIALITY. Except as required by law (including the
Purchaser's disclosure obligations under Section 13(d) of the Exchange Act, and
the rules and regulations promulgated thereunder and any disclosures required to
be made in connection with the restructuring of UPC), the Purchaser and the
Sellers, on behalf of themselves and their representatives, agree to keep
strictly confidential all terms of this Agreement and the transactions
contemplated hereby.

     SECTION 10. SPECIFIC PERFORMANCE. Each of the parties hereto acknowledges
and agrees that the other parties hereto would be irreparably damaged in the
event any of the provisions of this Agreement were not performed in accordance
with their specific terms or were otherwise breached. Accordingly, each of the
parties hereto

                                       7
<Page>

agrees that each of the other parties hereto shall be entitled to an injunction
or injunctions to prevent breaches of the provisions of this Agreement and to
enforce specifically this Agreement and the terms and provisions hereof in any
action instituted in any court of the United States or any state thereof having
subject matter jurisdiction, in addition to any other remedy to which any party
hereto may be entitled, at law or in equity.

     SECTION 11. SEVERABILITY. If any provision of this Agreement shall have
been determined to be unenforceable by a court of competent jurisdiction or as a
result of binding arbitration, such provision shall, as to such jurisdiction, be
ineffective to the extent of such unenforceability, without invalidating the
remaining provisions hereof, the other provisions of this Agreement shall
nonetheless remain in full force and effect, and such unenforceability in any
jurisdiction shall not render unenforceable such provision in any other
jurisdiction.

     SECTION 12. TIMING. Each of the parties hereto agrees that time shall be of
the essence for all purposes of this Agreement.

     SECTION 13. CHOICE OF LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK INCLUDING,
WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL
OBLIGATIONS LAW.

     SECTION 14. JURISDICTION. Each party hereto irrevocably submits to the
non-exclusive jurisdiction of any New York State or Federal court sitting in the
city of New York over any suit, action or proceeding arising out of or relating
to this Agreement or any other documents, agreements or instruments contemplated
by or referred to herein or the transactions contemplated hereby or the
enforcement of any of the terms hereof of any such other documents, agreements
or instruments. To the fullest extent it may effectively do so under applicable
law, each party hereto irrevocably waives and agrees not to assert, by way of
motion, as a defense or otherwise, any claim that it may now or hereafter have
to the laying of the venue of any such suit, action or proceeding brought in any
such court and any claim that any such suit, action or proceeding brought in any
such court has been brought in an inconvenient forum.

     SECTION 15. WAIVER OF JURY TRIAL. EACH PARTY HERETO WAIVES ITS RESPECTIVE
RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING
UNDER OR OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING HERETO OR
THE SUBJECT MATTER OF THE TRANSACTIONS CONTEMPLATED HEREBY. The scope of this
waiver is intended to be all-encompassing of any and all disputes that may be
filed in any court and that relate to the subject matter of the transactions
contemplated hereby, including, and without limitation, contract claims, tort
claims, breach of duty claims, and other common law and statutory claims.

                                       8
<Page>

     SECTION 16. EFFECTIVENESS; COUNTERPARTS. This Agreement shall become
effective upon execution and delivery of a counterpart hereto by the Purchaser
and each Seller. This Agreement shall be executed in any number of counterparts
and by the different parties hereto in separate counterparts, each of which when
so executed and delivered shall be deemed an original, but all such counterparts
together shall constitute but one and the same agreement. Delivery of a
counterpart hereof by facsimile shall be effective as delivery of a manually
signed counterpart hereof.

                                       9
<Page>

     IN WITNESS WHEREOF, the parties to this Agreement have executed or caused
this Agreement to be executed by their duly authorized officers as of the day
and year first written above.

UNITEDGLOBALCOM, INC.

By: /s/ FREDERICK WESTERMAN III
   -----------------------------
   Name: Frederick Westerman III
   Title: Chief Financial Officer

                                        ALLIANCE CAPITAL MANAGEMENT L.P.
                                        On behalf of: Alliance Balance Shares

                                        By: /s/ SUSANNE M. LENT
                                           ------------------------------------
                                           Name: Susanne M. Lent
                                           Title: SVP

                                        ALLIANCE CAPITAL MANAGEMENT L.P.
                                        On behalf of: Alliance Growth Fund

                                        By: /s/ ALAN E. LEVI
                                           ------------------------------------
                                           Name: Alan E. Levi
                                           Title: SVP

                                        ALLIANCE CAPITAL MANAGEMENT L.P.
                                        On behalf of: EQ Alliance Common Stock
                                        Portfolio

                                        By: /s/ CATHERINE D. WOOD
                                           ------------------------------------
                                           Name: Catherine D. Wood
                                           Title: Portfolio Manager

                                       ALLIANCE CAPITAL MANAGEMENT L.P.
                                       On behalf of: Alliance Global Strategic
                                       Income Trust

                                        By: /s/ GEORGE CAFFREY
                                           ------------------------------------
                                           Name: George Caffrey
                                           Title: VP

<Page>

                                                                      SCHEDULE 1

<Table>
<Caption>
                                               PREFERENCE                     UGC SHARES
          SELLER                                 SHARES        WARRANTS      TO BE ISSUED
          ------                               ----------      --------      -------------
<S>                                            <C>             <C>           <C>
Alliance Balanced Shares                             2             971             399
Alliance Growth Fund                               450         218,502          90,415
EQ Alliance Common Stock Portfolio               1,351         655,990         271,444
                                                 -----         -------         -------
Alliance Global Strategic Income Trust              30          14,567           6,029
                                                 -----         -------         -------
   TOTAL                                         1,833         890,030         368,287
                                                 =====         =======         =======

</Table>

<Page>

                                                                       EXHIBIT A

                          FORM OF RESTRUCTURING BALLOT

                                    [to come]

<Page>

                                                                       EXHIBIT B

                      FORM OF DEED OF PURCHASE AND TRANSFER

                              PURCHASE AND TRANSFER
                                  OF SHARES IN
                      UNITED PAN-EUROPE COMMUNICATIONS N.V.

                                     between

                              UnitedGlobalCom, Inc.

                                       and

                               [_________________]

<Page>

                              PURCHASE AND TRANSFER
                                  OF SHARES IN
                      UNITED PAN-EUROPE COMMUNICATIONS N.V.

THE UNDERSIGNED:

1.   [_________________],
     (the "Transferor");

2.   UnitedGlobalCom, Inc.
     (the "Purchaser"); and

3.   United Pan-Europe Communications, N.V.,
     (the "Company"),

WHEREAS:

     A.   the Transferor is holder of [_______] paid up Preference Shares A in
          the capital of the Company, each with a nominal value of E1.00,
          numbered [__] to[__] inclusive (the "Shares");

     B.   the Transferor acquired the Shares from the Company by deed of
          [_____]; and

     C.   pursuant to the Securities Purchase Agreement entered into by and
          among the Purchaser Alliance Balanced Shares, Alliance Growth Fund and
          EQ Alliance Common Stock Portfolio (the "Securities Purchase
          Agreement"), the Purchaser hereby wishes to purchase the Shares from
          the Transferor and the Transferor wishes to sell the Shares to the
          Purchaser on the terms of and subject to the conditions, set forth in
          this agreement and the Securities Purchase Agreement.

HAVE AGREED AS FOLLOWS:

ARTICLE 1 - PURCHASE AND TRANSFER OF THE SHARES AND PAYMENT

2.   The Transferor hereby sells and transfers (LEVERT) the Shares to the
     Purchaser, who hereby purchases and accepts the Shares from the Transferor
     (the "Transfer").

3.   The purchase price for the Shares shall be equal to [_____] shares of the
     Purchaser's Class A Common Stock, each with a par value of $.01 (the
     "Purchase Price").

4.   The Transferor has received the Purchase Price, for which the Purchaser is
     fully acquitted.
<Page>

ARTICLE 2 - GUARANTEES

In addition to the guarantees as granted by the Securities Purchase Agreement,
the Transferor grants the following guarantees in respect to the Shares to the
Purchaser:

     -    The Transferor did not grant rights to purchase or otherwise acquire
          the Shares but to the Purchaser.

     -    The Shares have not been encumbered with an attachment, usufruct and
          pledge nor have depositary receipts for the Shares been issued with
          the Company's concurrence.

     -    No resolutions to make any distributions out of the equity (VERMOGEN)
          of the Company have been adopted, which have not been carried out.

ARTICLE 3 - ACCOUNT AND RISK

The Shares and all rights attached thereto including any distributions made by
the Company on the Shares will, for as far as applicable, from now on be for the
benefit of the Purchaser.

ARTICLE 4 - ACKNOWLEDGEMENT

The Company hereby acknowledges the Transfer and will make the appropriate entry
in the shareholders' register.

ARTICLE 5 - MISCELLANEOUS

1.   The Transferor and the Purchaser waive all their rights to rescind or avoid
     (VERNIETIGEN) this agreement and the included Transfer.

2.   This agreement and the included Transfer and the rights and obligations
     arising from this agreement and the Transfer shall be governed by and
     construed in accordance with the laws of the Netherlands.

<Page>

THUS AGREED AND EXECUTED IN [__] ORIGINAL COPIES

in                                                       on JANUARY __, 2003
   -------------------------------------------------

                                        UNITED PAN-EUROPE COMMUNICATIONS, N.V.

                                        -------------------------------------
                                        by:

                                        UNITEDGLOBALCOM, INC.

                                        -------------------------------------
                                        by:

                                        [______________________________]

                                        -------------------------------------
                                        by:

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