Document:

2006 Form 10-K Exhibit 10.14

EXHIBIT 10.14
 

FIRST AMENDMENT TO
                     SECOND AMENDED AND RESTATED CREDIT AGREEMENT

THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT
(this "Amendment"), dated as of December 1, 2006, is entered into among Alexandria Real Estate Equities, Inc., a
Maryland corporation ("Parent"), Alexandria Real Estate Equities, L.P., a Delaware limited partnership ("Operating
Partnership"), ARE-QRS Corp., a Maryland corporation ("QRS"), ARE Acquisitions, LLC, a Delaware limited liability
company ("ARE"), and the other borrowers set forth on the signature pages hereto (collectively, together with Parent,
Operating Partnership, QRS and ARE, the "Borrowers"), the Lenders identified on the signature pages hereto and Bank of
America, N.A., as administrative agent (the "Administrative Agent").  Terms used but not otherwise defined herein shall have
the meanings provided in the Credit Agreement described below.

W I T N E S S E T H

WHEREAS, the Borrowers, the Lenders party thereto, and the Administrative Agent entered
into that certain Second Amended and Restated Credit Agreement dated as of October 31, 2006 (the "Existing Credit
Agreement"); 

WHEREAS, the Borrowers have requested that the Required Lenders agree to amend certain
provisions of the Credit Agreement as hereinafter set forth; and

WHEREAS, the Required Lenders have agreed to such modifications on the terms and conditions
set forth herein.

NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other
good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as
follows:

PART 1

                    DEFINITIONS

SUBPART 1.1  Certain Definitions.  Unless otherwise defined herein or the context
otherwise requires, the following term used in this Amendment, including its preamble and recitals, have the following meanings:

                       "Amendment No. 1 Effective Date" is defined in Subpart 3.1.

                       

SUBPART 1.2  Other Definitions.  Unless otherwise defined herein or the context
otherwise requires, terms used in this Amendment, including its preamble and recitals, have the meanings provided in the Existing
Credit Agreement.

PART 2

                       AMENDMENT TO EXISTING CREDIT AGREEMENT

Effective on (and subject to the occurrence of) the Amendment No. 1 Effective Date, the Existing Credit
Agreement is hereby amended in accordance with this Part 2.

SUBPART 2.1Amendment to Section 2.15(a).  Clause (iv) contained in Section 2.15(a) of
the Existing Credit Agreement is hereby amended and restated to read as follows: 

                       (iv) the Aggregate Revolving Commitments shall not be increased by an amount, in the aggregate, that is
greater than $500,000,000 less the aggregate amount of any additional term tranches added pursuant to clause (b) below, 

                       

SUBPART 2.2Amendment to Section 2.15(b).  Clause (iv) contained in Section 2.15(b) of the
Existing Credit Agreement is hereby amended and restated to read as follows: 

                       (iv)  the aggregate amount of such term tranches shall not exceed $500,000,000 less any increases in the
Aggregate Revolving Commitments pursuant to clause (a) above, 

  PART 3

       CONDITIONS TO EFFECTIVENESS

SUBPART 3.1  Amendment No. 1 Effective Date.  This Amendment shall be and become
effective as of the date hereof (the "Amendment No. 1 Effective Date") when all of the conditions set forth in this Part
3 shall have been satisfied, and thereafter this Amendment shall be known, and may be referred to, as the
"Amendment".

SUBPART 3.2   Execution of Counterparts of Amendment.  The Administrative Agent
shall have received counterparts of this Amendment, which collectively shall have been duly executed on behalf of each of the
Borrowers, the Required Lenders and the Administrative Agent.

SUBPART 3.3   Fees and Expenses.  The Administrative Agent shall have received all
out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this
Amendment (including without limitation the fees and expenses of Moore & Van Allen PLLC, special counsel to the Administrative
Agent to the extent the Borrowers have received an invoice prior to the Amendment No. 1 Effective Date).

PART 4

                  MISCELLANEOUS

SUBPART 4.1  Representations and Warranties.  The Borrowers hereby represent and
warrant to the Administrative Agent and the Lenders that, after giving effect to this Amendment, (a) no Default or Event of Default exists
under the Existing Credit Agreement and (b) the representations and
warranties set forth in Article V of the Existing Credit Agreement are true and correct in all material respects on and as of the date
hereof, subject to the limitations set forth therein, as if made on and as of such date (except to the extent such representations and
warranties expressly relate to another date in which case such representations and warranties shall be true and correct in all material
respects as of such date). 

SUBPART 4.2  Ratification of Credit Documents.

                       (a)The term "Credit Agreement" as used in each of the Loan Documents shall hereafter mean
the Existing Credit Agreement as amended and modified by this Amendment.  Except as herein specifically agreed, the Existing Credit
Agreement, as amended by this Amendment, is hereby ratified and confirmed and, together with the other Loan Documents, shall
remain in full force and effect according to its terms.

(b)The Borrowers acknowledge and consent to the modifications set forth herein and agree that this
Amendment does not impair, reduce or limit any of its respective obligations under the Loan Documents and that, after the date hereof,
this Amendment shall constitute a Loan Document.

                       

SUBPART 4.3  Authority/Enforceability.

                       (a)The Borrowers represent and warrant to the Administrative Agent as follows:

                       (i)They have taken all necessary action to authorize the execution, delivery and performance of this
Amendment.

(ii)This Amendment has been duly executed and delivered by the Borrowers and constitute the
Borrowers' legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to
(A) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors'
rights generally and (B) general principles of equity (regardless of whether such enforceability is considered in a proceeding at
law or in equity).

(iii)The execution and delivery of this Amendment does not (A) violate, contravene or conflict
with any provision of their Organizational Documents or (B) materially violate, contravene or conflict with any Law applicable to
them.

                       

SUBPART 4.4  Cross-References.  References in this Amendment to any Part or
Subpart are, unless otherwise specified, to such Part or Subpart of this Amendment.

SUBPART 4.5  Counterparts/Telecopy.  This Amendment may be executed by the
parties hereto in several counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one
and the same agreement.  Delivery of executed counterparts of the Amendment by telecopy or other electronic means shall be effective
as an original and shall constitute a representation that an original shall be delivered.

SUBPART 4.6  Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

SUBPART 4.7  Successors and Assigns.  This Amendment shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns.

[Remainder of Page Intentionally Left Blank]

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

BORROWERS:

ALEXANDRIA REAL ESTATE EQUITIES, INC.,

a Maryland corporation

 
By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

 

ALEXANDRIA REAL ESTATE EQUITIES, L.P., a Delaware limited partnership

By:ARE-QRS Corp., a Maryland corporation, general partner

By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

 

ARE-QRS CORP., a Maryland corporation

 

By:  /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

 

ARE ACQUISITIONS, LLC, a Delaware limited liability company

By:ARE-QRS Corp., a Maryland corporation, managing member

By:  /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

ARE-1201/1208 EASTLAKE AVENUE, LLC

ARE-1208 EASTLAKE AVENUE, LLC

ARE-HARBOR BAY NO. 4, LLC

ARE-EASTLAKE AVENUE NO. 3, LLC

ARE-MA REGION NO. 23, LLC

ARE-MA REGION NO. 26, LLC

ARE-MA REGION NO. 28, LLC

ARE-MA REGION NO. 30, LLC

ORANGE COAST, LLC

ARE-SAN FRANCISCO NO. 26, LLC

ARE-SEATTLE NO. 10, LLC

ARE-SEATTLE NO. 12, LLC

ARE-SEATTLE NO. 16, LLC

LMC STORAGE, LLC

ARE-MA REGION NO. 13, LLC

ARE-MA REGION NO. 14, LLC

ARE-MA REGION NO. 19, LLC

ARE-MA REGION NO. 20, LLC

ARE-MA REGION NO. 21, LLC

ARE-MARYLAND NO. 23, LLC

ARE-MD NO. 1, LLC

ARE-PA REGION NO. 6, LLC

ARE-SAN FRANCISCO NO. 15, LLC

ARE-MA REGION NO. 25, LLC

ARE-MA REGION NO. 33 LLC

JC TWINS, LLC, each a Delaware limited liability company

By:  Alexandria Real Estate Equities, L.P., a Delaware limited partnership, their sole member

By:  ARE-QRS Corp., a Maryland

corporation, general partner

By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

 

 

ARE-10150 Old Columbia, LLC

ARE-10505 Roselle Street, LLC

ARE-108 Alexander Road

ARE-150/154 TECHNOLOGY PARKWAY, LLC

ARE-170 WILLIAMS DRIVE, LLC

ARE-19 FIRSTFIELD ROAD, LLC

ARE-2425/2400/2450 GARCIA BAYSHORE, LLC

ARE-2625/2627/2631 HANOVER, LLC

ARE-279 PRINCETON ROAD, LLC

ARE-3005 FIRST AVENUE, LLC

ARE-3770 TANSY STREET, LLC

ARE-480 ARSENAL STREET, LLC

ARE-5 TRIANGLE DRIVE, LLC

ARE-500 ARSENAL STREET, LLC

ARE-6146 NANCY RIDGE, LLC

ARE-7030 KIT CREEK, LLC

ARE-770/784/790 MEMORIAL DRIVE, LLC

ARE-819/863 MITTEN ROAD, LLC

ARE-EAST JAMIE COURT, LLC

ARE-NEXUS CENTRE II, LLC

ARE-129/153/161 HILL STREET, LLC, each a Delaware limited liability company

By:  Alexandria Real Estate Equities, L.P., a Delaware limited partnership, their managing member

By:  ARE-QRS Corp., a Maryland

corporation, general partner

By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

 

ARE-MARYLAND NO. 25, LLC

ARE-MARYLAND NO. 26, LLC

ARE-MARYLAND NO. 27, LLC

ARE-MARYLAND NO. 31, LLC

ARE-MARYLAND NO. 32, LLC, each a

Maryland limited liability company

By:Alexandria Real Estate Equities, L.P., a Delaware limited partnership, their sole member

By:ARE-QRS Corp., a Maryland corporation, general partner

By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

ARE-5 RESEARCH PLACE, LLC, a Maryland limited liability company

By:  Alexandria Real Estate Equities, L.P., a Delaware limited partnership, manager

By:  ARE-QRS Corp., a Maryland corporation, general partner

By: /s/ Dean A. Shigenaga

Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

ARE-10933 NORTH TORREY PINES, LLC

ARE-11099 NORTH TORREY PINES, LLC, each a Delaware limited liability company

By:Alexandria Real Estate Equities, Inc., a Maryland corporation, their managing member

By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

ARE-381 PLANTATION STREET, LLC

ARE-60 WESTVIEW, LLC

ARE-ONE INNOVATION DRIVE, LLC, each a Delaware limited liability company

By:  AREE-Holdings, L.P., a Delaware limited partnership, their managing member

By:ARE-GP Holdings QRS Corp., a Delaware corporation, general partner

By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

 

ARE-PA REGION NO. 3, L.P.

ARE-PA REGION NO. 4, L.P.

ARE-702 ELECTRONIC DRIVE, L.P., each a Delaware limited partnership

By:AREE-Holdings, L.P., a Delaware limited partnership, their general partner

By:ARE-GP Holdings QRS Corp., a Delaware corporation, general partner

By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

 

ARE-VIRGINIA NO. 2, LLC, a Delaware limited liability company

By:ARE-Virginia No. 2 Member, LLC, a Delaware limited liability company, manager

By:Alexandria Real Estate Equities, Inc., a Maryland corporation, sole member

By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

 

ARE-Maryland No. 7 Corp.

ARE-Maryland No. 8 Corp., each a Maryland corporation

 

By:  /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

 

ARE-MARYLAND NO. 30, LLC, a Maryland limited liability company

By:ARE-Maryland No. 29, LLC, a Delaware limited liability company, sole member

By:Alexandria Real Estate Equities, L.P., a Delaware limited partnership, sole member

By:ARE-QRS Corp., a Maryland corporation, general partner

By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

 

ARE-SAN FRANCISCO NO. 21, LP, a California limited partnership

By:ARE-San Francisco No. 21 GP, LLC, a Delaware limited liability company, general partner

By:Alexandria Real Estate Equities, L.P., a Delaware limited partnership, sole member

By:ARE-QRS Corp., a Maryland corporation, general partner

By: /s/ Dean A. Shigenaga
Name:  Dean A. Shigenaga

Title:  Chief Financial Officer

ADMINISTRATIVE AGENT:

BANK OF AMERICA, N.A.,

  as Administrative Agent

 

By: /s/ Kathleen M. Carry
Name: Kathleen M. Carry

Title: Vice President

LENDERS:

BANK OF AMERICA, N.A.,

   as a Lender, L/C Issuer, and Swing Line Lender

 

By: /s/ James P. Johnson
Name: James P. Johnson

Title: Senior Vice President

AMSOUTH BANK

 

By: /s/ Kerri L. Raines
Name: Kerri L. Raines

Title: Assistant Vice President

THE BANK OF NOVA SCOTIA

 

By: /s/ Mark Sparrow
Name: Mark Sparrow

Title: Director

BANK OF THE WEST

 

By: /s/ Wendy Reed
Name: Wendy Reed

Title: Vice President

 

 

BANK OF THE WEST

 

By: /s/ Chuck Weerasooriya
Name: Chuck Weerasooriya

Title: Senior Vice President

 

 

BMO CAPITAL MARKETS FINANCING, INC.

 

By: /s/ Virginia Neale
Name: Virginia Neale

Title: Vice President

CATHAY UNITED BANK

 

By: /s/ Allen Peng
Name: Allen Peng

Title: EVP & General Manager

CHANG HWA COMMERCIAL BANK, LTD., LOS ANGELES BRANCH

 

By: /s/ Wen Che Chen
Name: Wen Che Chen

Title: Vice President & General Manager

CHEVY CHASE BANK, F.S.B.

 

By: /s/ Frederick H. Denecke
Name: Frederick H. Denecke

Title: Vice President

CITICORP NORTH AMERICA, INC.

 

By: /s/ Malay Kakad
Name: Malay Kakad

Title: Vice President

EUROHYPO AG, NEW YORK BRANCH

 

By: /s/ David Sarner
Name: David Sarner

Title: Director

By: /s/ Stephen Cox
Name: Stephen Cox

Title: Director

 
FORTIS CAPITAL CORP

 

By: /s/ Jack Ali
Name: Jack Ali

Title: Senior Vice President

By: /s/ Alan Krouk
Name: Alan Krouk

Title: Managing Director

 
HUA NAN COMMERCIAL BANK, LTD. LOS ANGELES BRANCH

 

By: /s/ Oliver C.H. Hsu
Name: Oliver C.H. Hsu

Title: VP & General Manager

LAND BANK OF TAIWAN

 

By: /s/ Henry Rong Ching Leu
Name: Henry Rong Ching Leu

Title: VP and General Manager

MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. NEW YORK BRANCH

 

By: /s/ Nae-Yee Lung
Name: Nae-Yee Lunch

Title: SVP & General Manager

MIDFIRST BANK, A FEDERALLY CHARTERED SAVINGS ASSOCIATION

 

By: /s/ Darrin D. Rigler
Name: Darrin D. Rigler

Title: MidFirst Bank

PACIFIC WESTERN BANK, A CALIFORNIA STATE-CHARTERED BANK

 

By: /s/ Steven Clark
Name: Steven Clark

Title: Vice President

PEOPLE'S BANK

 

By: /s/ Anne Kuchinski
Name: Anne Kuchinski

Title: Vice President

THE ROYAL BANK OF SCOTLAND PLC

 

By: /s/ Neil J. Crawford
Name: Neil J. Crawford

Title: Senior Vice President

SCOTIABANC INC.

By: /s/ William E. Zarrett
Name: Willian E. Zarrett

Title: Managing Director

SOCIETE GENERALE

 

By: /s/ Joseph T. Martinez Jr.
Name: Joseph T. Martinez Jr.

Title: Director

SOVEREIGN BANK

 

By: /s/ T. Gregory Donohue
Name: T. Gregory Donohue

Title: Senior Vice President

STATE BANK OF INDIA, LOS ANGELES AGENCY

 

By: /s/ Sanjiv Chadha
Name: Sanjiv Chadha

Title: Chief Executive Officer

TAIWAN BUSINESS BANK

 

By: /s/ Ben Chou
Name: Ben Chou

Title: VP & General Manager

UBS LOAN FINANCE LLC

 

By: /s/ Richard L. Tavrow
Name: Richard L. Tavrow

Title: Director

By: /s/ Irja R. Otsa
Name: Irja R. Otsa

Title: Associate Director

 

UNION BANK OF CALIFORNIA

 

By: /s/ Angela D. Smailey
Name: Angela D. Smailey

Title: Vice Presidentexv4w8

 

Exhibit 4.8

CONFORMED COPY

ADDITIONAL FACILITY 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 J Lenders)

Date: 10 May 2006

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 and restated on 24 June 2004 and as amended by
amendment letters dated 22 July 2004 and 2 December 2004 and as subsequently amended and restated
on 7 March 2005 and amended by an amendment letter dated 15 December 2005 (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.
	 
	 	 	Facility F means Facility F1 and Facility F2.
	 
	 	 	Facility F1 means the €140,000,000 term loan facility under the Additional Facility
Accession Agreement dated 2 December 2004.
	 
	 	 	Facility F2 means the US$525,000,000 term loan facility under the Additional Facility
Accession Agreement dated 2 December 2004.
	 
	 	 	Facility G means the €1,000,000,000 term loan facility under the Additional Facility
Accession Agreement dated 9 March 2005.
	 
	 	 	Facility H means Facility H1 and Facility H2.
	 
	 	 	Facility H1 means the €550,000,000 term loan facility under the Additional Facility
Accession Agreement dated 7 March 2005.
	 
	 	 	Facility H2 means the US$1,250,000,000 term loan facility under the Additional Facility
Accession Agreement dated 7 March 2005.
	 
	 	 	Facility J means Facility J1 and Facility J2.
	 
	 	 	Facility J Advance means a Facility J1 Advance or a Facility J2 Advance.
	 
	 	 	Facility J1 means the €900,000,000 term loan facility which forms a sub-tranche of this
Additional Facility.
	 
	 	 	Facility J1 Advance means the euro-denominated advance made to UPC Financing by the
Additional Facility J Lenders under Facility J1.

 

 

	 	 	Facility J1 Commitment means, in relation to an Additional Facility J Lender, the amount in
euros set opposite its name under the heading “Facility J1 Commitment” in Schedule 1 to the
counterpart of this Agreement executed by that Additional Facility J Lender, to the extent
not cancelled, transferred, or reduced under the Credit Agreement.
	 
	 	 	Facility J2 means the US$887,500,000 term loan facility which forms a sub-tranche of this
Additional Facility.
	 
	 	 	Facility J2 Advance means the US Dollar-denominated advance made to UPC Financing by the
Additional Facility J Lenders under Facility J2.
	 
	 	 	Facility J2 Commitment means, in relation to an Additional Facility J Lender, the amount in
US Dollars set opposite its name under the heading “Facility J2 Commitment” in Schedule 1 to
the counterpart of this Agreement executed by that Additional Facility J Lender, to the
extent not cancelled, transferred, or reduced under the Credit Agreement.
	 
	 	 	Facility K1 means the €900,000,000 term loan facility under the Additional Facility
Accession Agreement dated the same date as this Agreement.
	 
	 	 	Facility K2 means the US$887,500,000 term loan facility under the Additional Facility
Accession Agreement dated the same date as this Agreement.
	 
	 	 	Information Package means the written information provided to prospective Additional
Facility J Lenders at the bank meeting held on 15 March 2006.
	 
	 	 	Majority Facility J Lenders means Additional Facility J Lenders the aggregate of whose
Facility J1 Commitments and Facility J2 Commitments (translated into euros on the basis of
the Agent’s Spot Rate of Exchange on the date of this Agreement) exceeds
662/3 per cent. of the aggregate of the Facility J1 Commitments and
the Facility J2 Commitments of all Additional Facility J Lenders (translated into euros on
the basis of the Agent’s Spot Rate of Exchange on the date of this Agreement).

	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
notifies UPC Broadband and the Additional Facility J 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 J Lenders.
	 
	5.	 	We, the Additional Facility J 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.

2

 

	6.	 	The Additional Facility Commitment in relation to an Additional Facility J Lender (for the
purpose of the definition of Additional Facility Commitment in Clause 1.1 (Definitions) of the
Credit Agreement) is its Facility J1 Commitment and/or its Facility J2 Commitment, as
appropriate.
	 
	7.	 	Any interest due in relation to Facility J 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)	 	the date falling 5 days after the date of this Agreement,

	 	 	 	or such later date as all the Additional Facility J Lenders may agree in writing.
	 
	 	(b)	 	Each of Facility J1 and Facility J2 may be drawn by one Advance and no more
than one Request may be made in respect of each of Facility J1 and Facility J2 under
the Credit Agreement.

	 	 	 	 	 
	9.

	 	(a)
	 	The Facility J1 Advance will be used first in permanent prepayment and cancellation of 50
per cent. of all outstanding Facility F1 Advances, 50 per cent. of all outstanding Facility G
Advances and 50 per cent. of all outstanding Facility H1 Advances.

	 	(b)	 	The Facility J2 Advance will be used first in permanent prepayment and
cancellation of 50 per cent. of all outstanding Facility F2 Advances and 50 per cent.
of all outstanding Facility H2 Advances.
	 
	 	(c)	 	To the extent that each of Facility F, Facility G and Facility H have been
permanently prepaid and cancelled in full, the Advance made under Facility J may also
be used for general corporate purposes.

	10.	 	The Final Maturity Date in respect of this Additional Facility is 31 March 2013.

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

	 	 	 	 	 
	12.

	 	(a)
	 	The Borrower will ensure that the amount of:

	 	(i)	 	the Facility J1 Advance, when aggregated with the Advance under
Facility K1, must be no less than the aggregate amount of all outstanding
Facility F1, Facility G and Facility H1 Advances at the time the Facility J1
Advance is made; and
	 
	 	(ii)	 	the Facility J2 Advance, when aggregated with the Advance under
Facility K2, must be no less than the aggregate amount of all Facility F2 and
Facility H2 Advances outstanding at the time the Facility J2 Advance is made;

	 	(b)	 	The Facility J1 Advance may not be made unless the Facility J2 Advance and the
Advance under Facility K1 and the Advance under Facility K2 are also made on the same
date.

	13.	 	The Margin will be, in the case of a Facility J1 Advance, 2.25 per cent. per annum and, in
the case of a Facility J2 Advance, 2.00 per cent. per annum.

3

 

	14.	 	The Borrower in relation to Facility J1 and Facility J2 is UPC Financing.

	15.	 	In the event that, within 12 months of the first Utilisation Date under this Additional
Facility, the whole or any part of an outstanding Facility J2 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 J Lender under Facility J2 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 J 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 J
Lenders under Facility J2) and UPC Broadband.

	16.	 	Where an Additional Facility J Lender assigns, transfers or novates its rights and/or
obligations in relation to Facility J1 or Facility J2 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 (in the case of Facility J1) and US$500,000 (in the case of Facility J2).

	 	 	 	 	 
	17.

	 	(a)
	 	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),
15.14 (Business Plan), 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 existing, and as if each reference to the Finance Documents
includes a reference to this Agreement.

	 	(b)	 	UPC Broadband represents and warrants to each Finance Party that, to the best
of its knowledge after due inquiry, as of the date of the Information Package:

	 	(i)	 	the factual information relating to the Borrower Group and UPC
contained in the Information Package is accurate in all material respects;
	 
	 	(ii)	 	all of UPC Financing’s and UPC Broadband’s projections and
forecasts contained in the Information Package were based on and arrived at
after due and careful consideration and have been prepared by UPC Financing and
UPC Broadband on the basis of assumptions that UPC Financing and UPC Broadband
believed were reasonable as of the date of the projections;
	 
	 	(iii)	 	there are no material facts or circumstances which have not
been disclosed to the Additional Facility J Lenders in writing prior to the
date of the Information Package and which would make any material factual
information referred to in (i) above untrue, inaccurate or misleading in any
material respect as at the date of the Information Package, or any such
opinions, projections, or assumptions referred to in (ii) above misleading in
any material respect as at the date of the Information Package,

	 	 	 	provided that it is understood that information in the Information Package which is
provided as of a specified date or for a specified period is in all material
respects accurate as of such date or for such period and was not, when prepared,
misleading to the best of UPC Financing and UPC Broadband’s knowledge and belief in
any material respect as of such date or for such specified period.
	 
	 	(c)	 	Notwithstanding paragraph (b) above, no representation is made in respect of
(i) any information, facts, statements, opinions, projections, forecasts, demographic
statistics

4

 

	 	 	 	or circumstances relating to the cable, media, telecommunications and data services
industry as a whole or (ii) any person other than any member of the Borrower Group.

	18.	 	The parties to this Agreement confirm that, in relation to any Additional Facility J Lender
(which is also a lender under Facility F1, Facility G and/or Facility H1), to the extent that:

	 	(a)	 	an amount is due to be paid to that Additional Facility J Lender as a voluntary
prepayment of Facility F1; and/or
	 
	 	(b)	 	an amount is due to be paid to that Additional Facility J Lender as a voluntary
prepayment of Facility G; and/or
	 
	 	(c)	 	an amount is due to be paid to that Additional Facility J Lender as a voluntary
prepayment of Facility H1,
	 
	 	 	 	in each case pursuant to the Cancellation Notice to be delivered to the Facility
Agent as referred to in paragraph 4(c) of Schedule 2 to this Agreement; and
	 
	 	(d)	 	the aggregate of the amounts referred to in paragraphs (a), (b) and (c) above
is equal to or greater than the amount of the Facility J1 Commitment of that Additional
Facility J Lender (also being a lender under Facility F1, Facility G and/or Facility
H1) to be drawn on the Utilisation Date of Facility J1 (such amount being the Deemed
Drawn J1 Amount),

	 	 	the Deemed Drawn J1 Amount shall, on that Utilisation Date, be deemed to be advanced by that
Additional Facility J Lender to UPC Financing under Facility J1 on that date and UPC
Financing’s and UPC Broadband’s respective obligations to that Additional Facility J Lender
(also being a lender under Facility F1, Facility G and/or Facility H1) to prepay Facility
F1, Facility G and/or Facility H1 pursuant to the Cancellation Notice referred to above will
be satisfied in amounts equal to, respectively, the portion of the Deemed Drawn J1 Amount
which represents the amount referred to in paragraph (a) above, the portion of the Deemed
Drawn J1 Amount which represents the amount referred to in paragraph (b) above and the
portion of the Deemed Drawn J1 Amount which represents the amount referred to in paragraph
(c) above.
	 
	19.	 	The parties to this Agreement confirm that, in relation to any Additional Facility J Lender
(which is also a lender under Facility F2 and/or Facility H2), to the extent that:

	 	(a)	 	an amount is due to be paid to that Additional Facility J Lender as a voluntary
prepayment of Facility F2; and/or
	 
	 	(b)	 	an amount is due to be paid to that Additional Facility J Lender as a voluntary
prepayment of Facility H2,
	 
	 	 	 	in each case pursuant to the Cancellation Notice to be delivered to the Facility
Agent as referred to in paragraph 4(c) of Schedule 2 to this Agreement; and
	 
	 	(c)	 	the aggregate of the amounts referred to in paragraphs (a) and (b) above is
equal to or greater than the amount of the Facility J2 Commitment of that Additional
Facility J Lender (also being a lender under Facility F2 and/or Facility H2) to be
drawn on the Utilisation Date of Facility J2 (such amount being the Deemed Drawn J2
Amount),

	 	 	the Deemed Drawn J2 Amount shall, on that Utilisation Date, be deemed to be advanced by that
Additional Facility J Lender to UPC Financing under Facility J2 on that date and UPC

5

 

	 	 	Financing’s obligations to that Additional Facility J Lender (also being a lender under
Facility F2 and/or Facility H2) to prepay Facility F2 and/or Facility H2 pursuant to the
Cancellation Notice referred to above will be satisfied in amounts equal to, respectively,
the portion of the Deemed Drawn J2 Amount which represents the amount referred to in
paragraph (a) above and the portion of the Deemed Drawn J2 Amount which represents the
amount referred to in paragraph (b) above.
	 
	20.	 	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.

	21.	 	Each Additional Facility J Lender consents in principle, and subject to satisfactory
documentation, to the merger of the Credit Agreement and the Existing Facility Agreement into
a single document.
	 
	22.	 	Each Additional Facility J Lender confirms that:

	 	(a)	 	(in each of its capacities as lender under the Existing Facility, Lender under
the Credit Agreement and Cablecom Lender) it approves the amendment and restatement of
each of the Credit Agreement and the Security Deed in the form set out in schedule 2
(with document number BK:3981805.7) and schedule 3 (with document number BK:39781840.6)
(respectively) of the draft Deed of Amendment and Restatement dated 2 May 2006 (with
document number BK:3990148.5) to be entered into between (among others) UPC Broadband,
UPC Financing and the Facility Agent (the 2004 Facility Deed of Amendment); and
	 
	 	(b)	 	in its capacity as Lender under the Credit Agreement, it approves the amendment
and restatement of each of the Existing Facility Agreement and the Existing Security
Deed in the form set out in schedule 2 (with document number BK: 4138572.2) and
schedule 3 (with document number BK:3971835.6)) (respectively) of the draft Deed of
Amendment and Restatement dated 2 May 2006 (with document number BK:3971367.4) to be
entered into between (among others) UPC Broadband, UPC Financing and the Existing
Facility Agent (the 2000 Facility Deed of Amendment and, together with the 2004
Facility Deed of Amendment, the Deeds of Amendment).

	 	 	 	 	 
	23.

	 	(a)
	 	Each of the Additional Facility J Lenders agrees that during the period from (and
including) the Effective Date to the date on which the amendments contemplated in the Deeds of
Amendment become effective (the Relevant Period) it will not attempt to assign or transfer its
rights in relation to Facility J. Nothing in this paragraph will prevent an Additional
Facility J Lender from novating its rights and obligations in respect of Facility J 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 Schedule 3 to this Agreement.

	 	(b)	 	Each of the Additional Facility J Lenders agrees that without prejudice to
Clause 26.3 of the Credit Agreement, each New Lender (as defined in the Novation
Certificate

6

 

	 	 	 	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 J 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 J Lender.

	24.	 	Each Additional Facility J Lender waives the notice period in respect of drawdown requests
under Clause 5.1 (Delivery of Request) of the Credit Agreement.

	25.	 	The Facility Office and address for notices of each Additional Facility J Lender for the
purposes of Clause 32.2 (Addresses for notices) of the Credit Agreement will be that notified
by each Additional Facility J Lender to the Facility Agent.
	 
	26.	 	This Agreement is governed by English law.

	27.	 	This Agreement may be executed in any number of counterparts and, in the case of each
Additional Facility J Lender, each Additional Facility J Lender’s counterpart will, only
contain the details of that Additional Facility J Lender, and this has the same effect as if
the signatures on the counterparts were on a single copy of this Agreement. All such
counterparts shall be read together as one agreement

7

 

SCHEDULE 1

ADDITIONAL FACILITY J LENDERS AND COMMITMENTS

	 	 	 	 	 	 	 	 	 
	 	 	Facility J1	 	 	Facility J2	 
	 	 	Commitment	 	 	Commitment	 
	Additional Facility J Lender	 	(€)	 	 	(US$)	 
	 
	 	 	 	 	 	 	 	 
	[l]
	 	 	[l]	 	 	 	[l]	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Total
	 	€	900,000,000	 	 	US$	887,500,000	 
	 
	 	 	 	 	 	 

8

 

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.

9

 

	(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)	 	A copy of the Business Plan delivered under the Credit Agreement, extended and updated to
include the period up to and including 31 December 2013.
	 
	(b)	 	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 J and that such obligations shall be owed to each Finance Party including the
Additional Facility J Lenders.
	 
	(c)	 	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 F, Facility G and Facility H.

10

 

SCHEDULE 3

NOVATION CERTIFICATE

	 	 	 	 	 
	To:

	 	[     ] as Facility Agent and [BORROWER]	 	 
	From:

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

UPC
Broadband Holding B.V. — n1,072,000,000 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 dated [ ] 2006, 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.	 	In the case of an Additional Facility under which a Dutch Borrower is Borrower, on the [date
of execution of the Novation Certificate] and on the [effective transfer date] the New Lender
declares and represents to the Existing Lender, the other Finance Parties and each Dutch
Borrower that [it is exempted from the requirement to be a Professional Market Party because
it forms part of a closed circle (besloten kring) with [name of Dutch Borrower].][:

	 	(a)	 	it is a Professional Market Party;
	 
	 	(b)	 	it acknowledges that, as a consequence, it has no benefit from the (creditor)
protection under the Dutch Banking Act for non-professional Market Parties; and
	 
	 	(c)	 	it has made its own credit appraisal of UPC Broadband.]

	3.	 	The New Lender confirms that:

	 	(a)	 	(in each of its capacities as lender under the Existing Facility, Lender under
Credit Agreement and Cablecom Lender) it approves the amendment and restatement of each
of the Credit Agreement and the Security Deed in the form set out in schedule 2 (with
document number BK:3981805.7) and schedule 3 (with document number BK:39781840.6)
(respectively) of the draft Deed of Amendment and Restatement dated 2 May 2006 (with
document number BK:3990148.5) to be entered into between (among others) UPC Broadband,
UPC Financing and the Facility Agent (the 2004 Facility Deed of Amendment); and
	 
	 	(b)	 	(in its capacities as Lender under the Credit Agreement it approves the
amendment and restatement of each of the Existing Facility Agreement and the Existing
Security Deed in the form set out in schedule 2 (with document number BK: 4138572.2)
and schedule 3 (with document number BK:3971835.6)) (respectively) of the draft Deed of
Amendment and Restatement dated 2 May 2006 (with document number BK:3971367.4) to be
entered into between (among others) UPC Broadband, UPC

11

 

	 	 	 	Financing and the Existing Facility Agent (the “2000 Facility Deed of Amendment”
and, together with the 2004 Facility Deed of Amendment, the “Deeds of Amendment”).

	4.	 	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.

	5.	 	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.

	6.	 	This Novation Certificate is governed by English law.

12

 

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:

13

 

SIGNATORIES

	 	 	 	 	 
	SIGNATURES OF ALL FACILITY J LENDERS
	 
	 	 	 	 
	By:

	 	[ ]	 	 
	 
	 	 	 	 
	TORONTO DOMINION (TEXAS) LLC as Facility Agent
	 
	 	 	 	 
	By:

	 	JIM BRIDWELL	 	 
	 
	 	 	 	 
	TD BANK EUROPE LIMITED as Security Agent
	 
	 	 	 	 
	By:

	 	RORY MCCARTHY	 	 
	 
	 	 	 	 
	UPC BROADBAND HOLDING B.V.
	 
	 	 	 	 
	By:

	 	ROBERT DUNN
	 	(ATTORNEY-IN-FACT)
	 
	 	 	 	 
	By:

	 	ANTON TUIJTEN	 	 
	 
	 	 	 	 
	UPC FINANCING PARTNERSHIP
	 
	 	 	 	 
	By:

	 	ROBERT DUNN
	 	(ATTORNEY-IN-FACT)
	 
	 	 	 	 
	By:

	 	ANTON TUIJTEN	 	 

14

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