Document:

Exhibit 4.8

 

EXECUTION
COPY

 

THIRD SUPPLEMENTAL INDENTURE

 

THIRD
SUPPLEMENTAL INDENTURE, dated as of June 10, 2010 (this “Supplemental Indenture”), by and among Telewest Communications (Cumbernauld)
Limited, a private limited company organized under the laws of Scotland, Telewest Communications (Dumbarton)
Limited, a private limited company organized under the laws of Scotland, Telewest Communications (Falkirk)
Limited, a private limited company organized under the laws of Scotland, Telewest Communications (Glenrothes)
Limited, a private limited company organized under the laws of Scotland, Barnsley Cable Communications Limited, a private
limited company organized under the laws of England and Wales, Doncaster Cable Communications Limited, a private
limited company organized under the laws of England and Wales, Halifax Cable Communications Limited, a private
limited company organized under the laws of England and Wales, and Wakefield Cable Communications Limited, a private
limited company organized under the laws of England and Wales (each, a “New Senior Secured Guarantor”), Virgin Media Secured Finance PLC,
a public limited company organized under the laws of England and Wales (the “Issuer”) and The Bank of New York Mellon, a New York banking
company, as trustee (the “Trustee”).  All capitalized terms used but not defined
herein shall have the meanings specified in the Indenture referred to below.

 

WHEREAS, the Issuer, Virgin Media Inc. (the “Parent”),
Virgin Media Finance PLC, Virgin Media Investment Holdings Limited, certain
subsidiaries of the Parent from time to time parties thereto, as guarantors,
the Trustee, as trustee and paying agent, and The Bank of New York Mellon
(Luxembourg) S.A., as Luxembourg paying agent, executed and delivered an
indenture, dated as of January 19, 2010, as amended or supplemented from
time to time (the “Indenture”), providing for the issuance by the Issuer of its
sterling-denominated 7.00% Senior Secured Notes due 2018 and U.S.
dollar-denominated 6.50% Senior Secured Notes due 2018 (together, the “Notes”); and

 

WHEREAS, each New Senior Secured Guarantor has, on or about the date
hereof, become obligated under Indebtedness under the Existing Credit Facility
and, pursuant to Sections 4.19(a) and 11.06 of the Indenture, is required to
become a Note Guarantor under the Indenture; and

 

WHEREAS, pursuant
to Section 9.01(a)(4) of the Indenture, the Trustee is authorized to
execute and deliver this Supplemental Indenture;

 

NOW,
THEREFORE, in consideration of the premises hereof, and for good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereto
have executed and delivered this Supplemental Indenture, and agree for the
benefit of each other and for the equal and ratable benefit of the Holders, as
follows:

 

SECTION 1.  Accession of Note Guarantor.

 

Each
New Senior Secured Guarantor shall, with immediate effect, become a party to the
Indenture as a Note Guarantor, be bound by all of the provisions of the
Indenture applicable to Note Guarantors (including, without limitation, Article 11
of the Indenture) and perform all of the obligations and agreements of a Note
Guarantor under the Indenture.

 

 

SECTION 2.  Miscellaneous.

 

(A)    Except as hereby expressly amended, the
Indenture is in all respects ratified and confirmed and all the terms,
provisions and conditions thereof shall be and remain in full force and
effect.  This Supplemental Indenture
shall form a part of the Indenture for all purposes, and every Holder of Notes
heretofore or hereafter authenticated and delivered shall be bound hereby.

 

(B)          THIS
SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES
OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY).

 

(C)          All agreements of the Issuer, each New
Senior Secured Guarantor and the Trustee in this Supplemental Indenture shall
bind their respective successors.

 

(D)          In case any provision in this
Supplemental Indenture shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions hereof or of
the Indenture shall not in any way be affected or impaired thereby.

 

(E)           The parties may sign any number of
copies of this Supplemental Indenture. 
Each signed copy shall be an original, but all of them together
represent the same agreement, binding on the parties hereto.

 

(F)           The titles and headings of the
sections of this Supplemental Indenture have been inserted for convenience of
reference only, are not to be considered a part of this Supplemental Indenture,
and shall in no way modify or restrict any of the terms or provisions hereof.

 

(G)          The Trustee shall not be responsible
in any manner for or in respect of, and makes no representation as to, the
validity, adequacy or sufficiency of this Supplemental Indenture or the
recitals contained herein, all of which recitals are made solely by the Issuer
and each New Senior Secured Guarantor.

 

(signature pages follow)

 

 

EXECUTION COPY

 

IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental
Indenture to be duly executed as of the date first written above.

 

 

	
  VIRGIN
  MEDIA SECURED FINANCE PLC

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  ROBERT MACKENZIE

  	
   

  	
   

  	
   

  
	
  Name:
  Robert Mackenzie

  	
   

  	
   

  	
   

  
	
  Title:
  Director

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  TELEWEST
  COMMUNICATIONS (CUMBERNAULD) LIMITED

  	
   

  	
  In
  the presence of:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:
  

  	
  /s/
  ROBERT MACKENZIE

  	
   

  	
  Witness:

  	
  /s/
  LUCY MERRITT

  
	
  Name:
  Robert Mackenzie

  	
   

  	
  Full
  name:

  	
  Lucy
  Merritt

  
	
  Title:
  Director

  	
   

  	
  Address
  : 

  	
  Virgin
  Media Limited

  
	
   

  	
   

  	
   

  	
  Media
  House

  
	
   

  	
   

  	
   

  	
  Bartley
  Wood Business Park

  
	
   

  	
   

  	
   

  	
  Hook

  
	
   

  	
   

  	
   

  	
  Hampshire
  RG27 9UP

  
	
   

  	
   

  	
  All
  together on:

  	
  10
  June 2010

  
	
   

  	
   

  	
   

  	
   

  
	
  TELEWEST
  COMMUNICATIONS (DUMBARTON) LIMITED

  	
   

  	
  In
  the presence of:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:
  

  	
  /s/
  ROBERT MACKENZIE

  	
   

  	
  Witness:

  	
  /s/
  LUCY MERRITT

  
	
  Name:
  Robert Mackenzie

  	
   

  	
  Full
  name:

  	
  Lucy
  Merritt

  
	
  Title:
  Director

  	
   

  	
  Address
  :

  	
  Virgin
  Media Limited

  
	
   

  	
   

  	
   

  	
  Media
  House

  
	
   

  	
   

  	
   

  	
  Bartley
  Wood Business Park

  
	
   

  	
   

  	
   

  	
  Hook

  
	
   

  	
   

  	
   

  	
  Hampshire
  RG27 9UP

  
	
   

  	
   

  	
  All
  together on:

  	
  10
  June 2010

  

 

 

	
  TELEWEST
  COMMUNICATIONS (FALKIRK) LIMITED

  	
   

  	
  In
  the presence of:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:
  

  	
  /s/
  ROBERT MACKENZIE

  	
   

  	
  Witness:

  	
  /s/
  LUCY MERRITT

  
	
  Name:
  Robert Mackenzie

  	
   

  	
  Full
  name:

  	
  Lucy
  Merritt

  
	
  Title:
  Director

  	
   

  	
  Address
  :

  	
  Virgin
  Media Limited

  
	
   

  	
   

  	
   

  	
  Media
  House

  
	
   

  	
   

  	
   

  	
  Bartley
  Wood Business Park

  
	
   

  	
   

  	
   

  	
  Hook

  
	
   

  	
   

  	
   

  	
  Hampshire
  RG27 9UP

  
	
   

  	
   

  	
  All
  together on:

  	
  10
  June 2010

  
	
   

  	
   

  	
   

  	
   

  
	
  TELEWEST
  COMMUNICATIONS (GLENROTHES) LIMITED

  	
   

  	
  In
  the presence of:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:
  

  	
  /s/
  ROBERT MACKENZIE

  	
   

  	
  Witness:

  	
  /s/
  LUCY MERRITT

  
	
  Name:
  Robert Mackenzie

  	
   

  	
  Full
  name:

  	
  Lucy
  Merritt

  
	
  Title:
  Director

  	
   

  	
  Address
  :

  	
  Virgin
  Media Limited

  
	
   

  	
   

  	
   

  	
  Media
  House

  
	
   

  	
   

  	
   

  	
  Bartley
  Wood Business Park

  
	
   

  	
   

  	
   

  	
  Hook

  
	
   

  	
   

  	
   

  	
  Hampshire
  RG27 9UP

  
	
   

  	
   

  	
  All
  together on:

  	
  10
  June 2010

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  BARNSLEY
  CABLE COMMUNICATIONS LIMITED

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:
  

  	
  /s/
  ROBERT MACKENZIE

  	
   

  	
   

  	
   

  
	
  Name:
  Robert Mackenzie

  	
   

  	
   

  	
   

  
	
  Title:
  Director

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  DONCASTER
  CABLE COMMUNICATIONS LIMITED

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:
  

  	
  /s/
  ROBERT MACKENZIE

  	
   

  	
   

  	
   

  
	
  Name:
  Robert Mackenzie

  	
   

  	
   

  	
   

  
	
  Title:
  Director

  	
   

  	
   

  	
   

  

 

 

	
  HALIFAX
  CABLE COMMUNICATIONS LIMITED

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:
  

  	
  /s/
  ROBERT MACKENZIE

  	
   

  	
   

  	
   

  
	
  Name:
  Robert Mackenzie

  	
   

  	
   

  	
   

  
	
  Title:
  Director

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  WAKEFIELD
  CABLE COMMUNICATIONS LIMITED

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:
  

  	
  /s/
  ROBERT MACKENZIE

  	
   

  	
   

  	
   

  
	
  Name:
  Robert Mackenzie

  	
   

  	
   

  	
   

  
	
  Title:
  Director

  	
   

  	
   

  	
   

  

 

 

	
   

  	
   

  	
  THE
  BANK OF NEW YORK MELLON,

  
	
   

  	
   

  	
  as
  Trustee

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  MICHAEL LEE

  
	
   

  	
   

  	
  Name:
  Michael Lee

  
	
   

  	
   

  	
  Title:
  Senior AssociateExhibit
4.9

 

EXECUTION
VERSION

 

RELEASE OF NOTE GUARANTEE

 

RELEASE OF NOTE GUARANTEE
(this “Release”), dated as of April 29,
2010, entered into by and among Virgin Media Secured Finance PLC, a company
incorporated in England and Wales (the “Issuer”), Virgin
Media Dover LLC (the “Released Guarantor”)
and The Bank of New York Mellon as trustee under the Indenture referred to
below (the “Trustee”). Capitalized terms used
herein without definition shall have the meanings assigned to them in the
Indenture (referred to below).

 

RECITALS

 

WHEREAS, the Issuer and the Note
Guarantors (as defined in the Indenture referred to below) have heretofore
executed and delivered to the Trustee an indenture (as amended and
supplemented, the “Indenture”),
dated as of January 19, 2010, providing for the issuance of $1,000,000,000
aggregate principal amount of 6.50% Senior Secured Notes due 2018 and
£875,000,000 aggregate principal amount of 7.00% Senior Secured Notes due 2018 (collectively,
the “Notes”);

 

WHEREAS, under the terms of
the Indenture each of the Note Guarantors (which term includes the Released
Guarantor) unconditionally guaranteed the obligations of the Issuer under the
Indenture and the Notes on the terms and conditions set forth therein (each, a “Note Guarantee”);

 

WHEREAS, Section 11.08(b)(4)(B) of
the Indenture provides that the Note Guarantee of a Subsidiary Guarantor (which
term includes the Released Guarantor) shall be automatically and
unconditionally released and discharged, and each Subsidiary Guarantor and its
obligations under the Note Guarantee, the Indenture, the Collateral Documents
and the Intercreditor Deeds will be released and discharged upon the release or
discharge of such Subsidiary Guarantor from its applicable guarantee
obligations under the Existing Credit Facility (including by reason of
termination of the Existing Credit Facility);

 

WHEREAS, on April 19,
2010, pursuant to a refinancing transaction, the previous Existing Credit
Facility, being the senior facilities agreement entered into by Virgin Media
Inc. and certain of its subsidiaries, including the Released Guarantor, dated March 3,
2006 (as amended and restated from time to time) (the “Terminated
Credit Facility”), was terminated upon the repayment of all amounts outstanding
thereunder;

 

WHEREAS, the Released
Guarantor is not a party to, and has no guarantee obligations under, the new Existing
Credit Facility, being the senior facilities agreement entered into by Virgin
Media Inc. and certain of its subsidiaries dated March 16, 2010 (as amended
and restated from time to time);

 

NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration,
the receipt of which is hereby acknowledged, the Issuer and the Released
Guarantor mutually covenant and agree, and the Trustee acknowledges as follows:

 

1.                                      Pursuant to Section 11.08(b)(4)(B) of
the Indenture, upon and subject to the release of the Released Guarantor’s
guarantee under the Terminated Credit Facility (by reason of termination of the
Terminated Credit Facility), the Note Guarantee of the Released Guarantor is released
and discharged, and the Released Guarantor is released and discharged from its
obligations under its Note Guarantee and the Indenture.

 

2.                                      The Trustee shall not be
responsible or liable in any manner whatsoever for or in respect of, and makes
no representation as to, the validity, adequacy or sufficiency of this Release
or for or in 

 

 

respect of the recitals contained herein, all of which recitals are
made solely by the Released Guarantor and the Issuer.

 

3.                                      THIS RELEASE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
WITHOUT GIVING EFFECT TO CONFLICTS OF LAW PRINCIPLES TO THE EXTENT THAT THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

 

4.                                      The parties may sign any
number of copies of this Release.  Each
signed copy shall be an original, but all of them together represent the same
agreement.

 

(signature
pages follow)

 

 

IN WITNESS WHEREOF, the
parties hereto have caused this Release to be duly executed and attested, all
as of the date first above written.

 

	
   

  	
  VIRGIN MEDIA SECURED
  FINANCE PLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ ROBERT MACKENZIE

  
	
   

  	
   

  	
  Name: Robert Mackenzie

  
	
   

  	
   

  	
  Title:   Director

  

 

 

	
   

  	
  VIRGIN MEDIA DOVER LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ M. MICHAEL SILVERMAN

  
	
   

  	
   

  	
  Name: M. Michael Silverman

  
	
   

  	
   

  	
  Title:   Director

  

 

 

	
   

  	
  THE BANK OF NEW YORK
  MELLON,

  
	
   

  	
  as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ MICHAEL LEE

  
	
   

  	
   

  	
  Name: Michael Lee

  
	
   

  	
   

  	
  Title:   Senior Associate

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