Document:

Exhibit 4.2

 

EXECUTION VERSION

 

€27,418,317 ADDITIONAL
FACILITY R 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 R Lenders)

 

Date:     
20 April 2010

 

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

 

1.                                       In this Agreement:

 

Additional Facility P
Lender
means each of the lenders under Facility P.

 

Existing Facility R means the €263,300,000 term
loan facility made available under the Additional Facility Accession Agreements
dated 25 March 2009 and 27 April 2009 respectively.

 

Existing Facility R Advance means the outstanding Advance
under the Existing Facility R as at the date of this Agreement, being
€263,300,000.

 

Existing Facility R Interest
Period
means the Interest Period which is current, at the Effective Date, in respect
of the outstanding Advance under Facility R.

 

Facility P means the US$521,178,225 term
loan facility made available under the Additional Facility Accession Agreement
dated 9 September 2008.

 

Facility R means the €27,418,317 term
loan facility made available under this Agreement.

 

Facility R Advance means a Euro denominated
advance made to UPC Financing by the Additional Facility R Lenders under
Facility R.

 

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

 

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

 

2.                                       Unless otherwise defined in this Agreement,
terms defined in the Credit Agreement shall have the same meaning in this
Agreement and a reference to a Clause is a reference to a Clause of the Credit
Agreement.  The principles of
construction set out in Clause 1.2 (Construction) of the Credit Agreement apply
to this Agreement as though they were set out in full in this Agreement.

 

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

 

 

4.                                       This Agreement will take effect on the date
on which the Facility Agent notifies UPC Broadband and the Additional Facility
R 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 Facility Agent on behalf of the Additional Facility R
Lenders (the Effective Date).

 

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

 

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

 

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

 

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

 

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

 

8.                                      The Availability Period for Facility R
shall be the Effective Date.

 

9.                                      Facility R may be drawn by one Advance and
no more than one Request may be made in respect of Facility R under the Credit
Agreement.

 

10.                                 (a)                                 The
first Interest Period to apply to the Facility R Advance will be a period equal
to the period running from the Effective Date up to and including the last day
of the Existing Facility R Interest Period.

 

(b)                                In
respect of the first Interest Period only, EURIBOR shall mean the EURIBOR rate
as determined in respect of the Existing Facility R Interest Period.

 

11.                                The Facility R Advance will be used for
general corporate purposes and working capital purposes, including the
repayment or prepayment of existing indebtedness.

 

12.                                 The Final Maturity Date in respect of this
Facility R will be the earlier of:

 

(a)                                  31 December 2015; and

 

(b)                                 if by 17 October 2013 (the Relevant Date) being the date falling 90 days prior to the
date on which the UPC Holding B.V. issued bonds due 2014 (the Bonds) fall due, those bonds have not been repaid, redeemed
or refinanced, the Relevant Date.

 

13.                                 The outstanding Facility R Advance will be
repaid in full on the Final Maturity Date.

 

14.                                 The Margin in relation to Facility R is
3.25 per cent. per annum.

 

15.                                 The Borrower in relation to Facility R is
UPC Financing.

 

16.                                 (a)                                  It is the intention of the
parties that the Existing Facility R be upsized by the amount of this Facility
R in accordance with paragraph 17 of each Additional Facility 

 

 

Accession
Agreement under which the Existing Facility R is made available and that, from
the date the Facility R Advance under this Agreement is consolidated with the
Existing Facility R Advance, this Facility R and the Existing Facility R shall
constitute one single Additional Facility for all purposes under the Credit
Agreement. Provided that any upsizing of Facility R permitted under this
paragraph will not breach any term of the Credit Agreement, Facility R may be
upsized by any amount, by the signing of one or more further Additional
Facility R Accession Agreements, that specify (along with the other terms
specified therein) UPC Financing as the sole Borrower and which specify
Additional Facility R Commitments denominated in Euros, to be drawn in Euros,
with the same Final Maturity Date and Margin as specified in this Additional
Facility R Accession Agreement.

 

(b)                                 For the purposes of this paragraph 16
(unless otherwise specified), references to Additional Facility R Lenders and
Facility R Advances shall include Lenders and Advances made under any such
further or previous Additional Facility R Accession Agreement.

 

(c)                                  If the Borrower so requests, an Interest
Period for a Facility R Advance under any other Additional Facility R Accession
Agreement will end on the same day as the current Interest Period for any other
Facility R Advance denominated in the same currency as that Facility R Advance.

 

(d)                                 On the last day of any Interest Period for
any Facility R Advance, that Facility R Advance will be consolidated with any
other Facility R Advance which has an Interest Period ending on the same day as
that Facility R Advance, and all such Facility R Advances will then be treated
as one Advance.

 

17.                                Each of UPC Broadband and UPC Financing
confirms, on behalf of themselves and each other Obligor that 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), 15.4 (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.

 

18.                                 UPC Broadband further represents and
warrants on the Effective Date that the execution and delivery by it of this
Agreement and the performance of the transactions contemplated by this
Agreement will not violate any agreement or instrument to which UPC Holding is
a party or binding upon UPC Holding or any member of the Borrower Group or any
assets of UPC Holding or any member of the Borrower Group’s assets, where such
violation would or is reasonably likely to have a Material Adverse Effect.

 

19.                                 Each Additional Facility R Lender confirms
to each Finance Party that:

 

(a)                                  it has made its 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 has not relied on any information provided to it by a
Finance Party in connection with any Finance Document; and

 

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

 

 

20.                                 Each of the Additional Facility R Lenders
agrees that without prejudice to Clause 26.3 of the Credit Agreement, each New
Lender (as defined in the Novation Certificate referred to below) shall become,
by the execution by the Facility Agent of a Novation Certificate substantially
in the form of part 1 or part 2 of Schedule 3 to this Agreement, bound by the
terms of this Agreement as if it were an original party hereto as an Additional
Facility R 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 R Lender.

 

21.                                 Each Additional Facility R Lender agrees to
waive the notice period in respect of drawdown requests under Clause 5.1
(Delivery of Request) of the Credit Agreement in respect of this Facility R.

 

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

 

23.                                 This Agreement and any non-contractual
obligations arising out of or in connection with it are governed by English
law.

 

24.                                 This
Agreement may be executed in any number of counterparts, and by each party on
separate counterparts.  Each counterpart
is an original, but all counterparts shall together constitute one and the same
instrument.  Delivery of an executed
counterpart signature page of this Agreement by e-mail (PDF) or telecopy
shall be as effective as delivery of a manually executed counterpart of this
Agreement.

 

 

SCHEDULE 1

 

ADDITIONAL FACILITY R
LENDERS AND COMMITMENTS

 

	
  Additional Facility R Lender

  	
   

  	
  Facility R Commitment

  (€)

  	
   

  
	
  UPC Broadband Operations B.V.

  	
   

  	
  27,418,317

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  27,418,317

  	
   

  

 

 

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(a) 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(a) 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(a) below (as appropriate).

 

(c)                                  A certificate of an authorised signatory of
UPC Broadband, each Guarantor and each Charging Entity certifying that each
copy document specified in this Schedule and supplied by UPC Broadband, each
Guarantor and each Charging Entity 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.

 

 

(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

 

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 R and that such
obligations shall be owed to each Finance Party including the Additional
Facility R Lenders.

 

 

SCHEDULE 3

 

NOVATION CERTIFICATES

 

PART 1

 

NOVATION CERTIFICATE
(CASH)

 

To:                              [     ]
as Facility Agent and [BORROWER]

 

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

 

Date:
[          ]

 

UPC Broadband Holding B.V. - €1,072,000,000
Term Credit Agreement dated 16 January, 2004 (the Credit Agreement)

 

We refer to Clause 26.3 (Procedure for
novations) of the Credit Agreement and clause 9.3 (Transfers by the Lenders) of
the Security Deed.  Terms defined in the
Credit Agreement or, if not defined in the Credit Agreement, the Additional
Facility Accession Agreement between the Facility Agent, the Security Agent and
the Additional Facility R Lenders dated [         ] 2010, have the same meaning in this
Novation Certificate.

 

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

 

2.                                       The New Lender confirms that it is bound by the
terms of the Additional Facility Accession Agreement as if it were an original
party thereto as an Additional Facility R 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 R Lender.

 

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

 

4.                                       This
Novation
Certificate
may be executed in any number of counterparts, and by each party on separate
counterparts.  Each counterpart is an
original, but all counterparts shall together constitute one and the same
instrument.  Delivery of an executed
counterpart signature page of this Novation
Certificate by
e-mail (PDF) or telecopy shall be as effective as delivery of a manually
executed counterpart of this Novation Certificate.

 

5.                                       This Novation Certificate and any
non-contractual obligations arising out of or in connection with it are
governed by English law.

 

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:

  

 

 

PART 2

 

NOVATION CERTIFICATE
(CASHLESS)

 

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

 

From:     UPC Broadband Operations B.V.
and [the EXISTING P LENDER / NEW R LENDER]

 

Date: 
[·]  2010

 

UPC Broadband Holding B.V. - €1,072,000,000
Term Credit Agreement dated 16 January, 2004 (the Credit Agreement)

 

We refer to:

 

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

 

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

 

(c)           the Additional Facility P Accession Agreement; and

 

(d)           the €27,418,317 Additional Facility R Accession
Agreement.

 

Terms defined in the Credit Agreement or,
if not defined in the Credit Agreement, the Additional Facility P Accession
Agreement, have the same meaning in this Novation Certificate.

 

1.             [            ]
(the Existing P Lender) agrees to novate and
UPC Broadband Operations B.V. (the New P Lender)
agrees to accept the novation on the Effective Date of all the Existing P
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.             UPC Broadband Operations B.V. (the Existing R Lender) agrees to novate and [                     ]
(the New R Lender) agrees to accept the
novation on the Effective Date of all the Existing R Lender’s rights and
obligations referred to in the Schedule in accordance with Clause 26.3
(Procedure for novations) of the Credit Agreement and clause 9.3 (Transfers by
the Lenders) of the Security Deed.

 

3.             The aggregate Existing P Commitment will be equal to
the aggregate Existing R Commitment which is calculated on the basis of an
agreed Euro/USD exchange rate on 13 April 2010 (each term as referred to
in the schedule to this certificate). The Existing P Lender’s obligation to
transfer the Existing P Commitment to the New P Lender and the Existing R
Lender’s obligation to transfer the Existing R Commitment to the New R Lender,
will each be deemed to be satisfied by the other, in each case on the Effective
Date.

 

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

 

 

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

 

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

 

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

 

8.             Each party to this document agrees, the Facility Agent
agrees on behalf of each Finance Party, and UPC Broadband Holding B.V. agrees
on behalf of each Obligor, that this document is a Novation Certificate
notwithstanding that its form is different to that required by the Credit
Agreement or any Additional Facility P Accession Agreement.

 

9.             This Novation Certificate is a Finance Document.

 

10.          This Novation Certificate may be
executed in any number of counterparts, and by each party on separate
counterparts.  Each counterpart is an
original, but all counterparts shall together constitute one and the same instrument.  Delivery of an executed counterpart signature
page of this Novation Certificate by e-mail (PDF) or telecopy shall be as
effective as delivery of a manually executed counterpart of this Novation
Certificate.

 

11.          This Novation Certificate and any non-contractual
obligations arising out of or in connection with it are governed by English
law.

 

 

THE SCHEDULE

 

Rights and obligations to be
novated:

 

1.             EXISTING P LENDER

 

Existing P Commitment: [            ]

 

Assignee: New P Lender

 

2.             Existing
R Lender

 

Existing R Commitment: [            ]

 

Assignee: New
R Lender

 

[THE EXISTING P LENDER], as the Existing P
Lender

 

 

By:

Name:

Title:

 

UPC BROADBAND OPERATIONS B.V., as the New P
Lender

 

 

By:

Name:

Title:

 

UPC BROADBAND OPERATIONS B.V., as the
Existing R Lender

 

 

By:

Name:

Title:

 

 

[THE NEW R LENDER], as the New R Lender

 

 

By:

Name:

Title:

 

UPC BROADBAND HOLDING B.V., as Obligors
agent

 

 

By:

Name:

Title:

 

TORONTO DOMINION (TEXAS) LLC, as Facility
Agent

 

 

By:

Name:

Title:

 

The Facility Agent confirms that the
Effective Date is the date on which it countersigns this Novation Certificate.

 

 

SIGNATORIES

 

TORONTO DOMINION (TEXAS) LLC as Facility
Agent

 

By:         Authorized Signatory

 

 

TD BANK EUROPE LIMITED as Security Agent

 

By:         Authorized Signatory

 

 

UPC BROADBAND HOLDING B.V.

 

By:         Authorized Signatory

 

By:         Authorized Signatory

 

 

UPC FINANCING PARTNERSHIP

 

By:         Authorized Signatory

 

By:         Authorized Signatory

 

 

ADDITIONAL
FACILITY R LENDERS

 

 

UPC BROADBAND OPERATIONS B.V.

 

By: Authorized SignatoryExhibit 4.3

 

EXECUTION VERSION

 

US$9,700,000 ADDITIONAL
FACILITY T ACCESSION AGREEMENT

 

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

 

From:                  The persons listed in Schedule 1 to this
Agreement (the Additional Facility T Lenders)

 

Date:     
20 April 2010

 

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

 

1.                                       In this Agreement:

 

Additional Facility P
Lender
means each of the lenders under Facility P.

 

Existing Facility T means the US$1,038,179,353 term
loan facility made available under Additional Facility Accession Agreements
dated 6 May 2009, 8 September 2009, 17 September 2009 and 19 January 2010
respectively.

 

Facility P means the US$521,178,225 term
loan facility made available under the Additional Facility Accession Agreement
dated 9 September 2008 (the Additional Facility P
Accession Agreement).

 

Facility T means the US$9,700,000 term
loan facility made available under this Agreement.

 

Facility T Advance means a US dollar denominated
advance made to UPC Financing by the Additional Facility T Lenders under
Facility T.

 

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

 

Facility T Interest Period means the Interest Period
which is current, at the Effective Date, in respect of the outstanding Advance
under Existing Facility T.

 

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

 

2.                                       Unless otherwise defined in
this Agreement, terms defined in the Credit Agreement shall have the same
meaning in this Agreement and a reference to a Clause is a reference to a
Clause of the Credit Agreement.  The principles
of construction set out in Clause 1.2 (Construction) of the Credit Agreement
apply to this Agreement as though they were set out in full in this Agreement.

 

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

 

4.                                       This Agreement will take
effect on the date on which the Facility Agent notifies UPC Broadband and the
Additional Facility T 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 Facility Agent on behalf of the Additional
Facility T Lenders (the Effective Date).

 

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

 

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

 

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

 

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

 

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

 

8.                                      The Availability Period for
Facility T shall be the Effective Date.

 

9.                                      Facility T may be drawn by one
Advance and no more than one Request may be made in respect of Facility T under
the Credit Agreement.

 

10.                                (a)                                  The
first Interest Period to apply to the Facility T Advance will be a period equal
to the period running from the Effective Date up to and including the last day
of the Facility T Interest Period.

 

(b)                                 In respect of the first
Interest Period only, LIBOR shall mean the LIBOR
rate as determined in respect of the Facility T Interest Period.

 

11.                                The Facility T Advances will
be used for general corporate purposes and working capital purposes, including
the repayment or prepayment of existing indebtedness.

 

12.                                 The Final Maturity Date in
respect of this Facility T will be the earlier of:

 

(a)                                  31 December 2016; and

 

(b)                                 17 October 2013 (the Relevant Date) being the date falling 90 days prior to the
date on which the UPC Holding B.V. issued bonds due 2014 (the Bonds) are currently scheduled to fall due, if on the
Relevant Date, Bonds are outstanding in an aggregate amount equal to or greater
than €250,000,000.

 

13.                                 The outstanding Facility T
Advances will be repaid in full on the Final Maturity Date.

 

14.                                 The Margin in relation to
Facility T is 3.50 per cent. per annum.

 

15.                                 The Borrower in relation to
Facility T is UPC Financing.

 

16.                                (a)                                  It is the intention of the
parties that the Existing Facility T be upsized by the amount of this Facility
T in accordance with paragraph 16 of each Additional Facility Accession
Agreement under which the Existing Facility T is made available and that, on
and from the first utilisation date of this Facility T:

 

 

(i)                                    the Facility T Advance under
this Agreement will be consolidated with the outstanding Advance under the
Existing Facility T; and

 

(ii)                                 this Facility T, the Existing
Facility T and any other Facility T (as defined in any other Additional
Facility T Accession Agreement permitted under this paragraph and executed on
or before the date of this Agreement) shall constitute one single Additional
Facility for all purposes under the Credit Agreement.

 

(b)                                 Provided that any upsizing of
Facility T permitted under this paragraph will not breach any term of the
Credit Agreement, Facility T may be upsized by any amount, by the signing of
one or more further Additional Facility T Accession Agreements, that specify
(along with the other terms specified therein) UPC Financing as the sole
Borrower and which specify Additional Facility T Commitments denominated in US
dollars, to be drawn in US dollars, with the same Final Maturity Date and
Margin as specified in this Additional Facility T Accession Agreement.

 

(c)                                  For the purposes of this
paragraph 16 (unless otherwise specified), references to Additional Facility T
Lenders and Facility T Advances shall include Lenders and Advances made under
any such further and previous Additional Facility T Accession Agreement.

 

(d)                                 Where any Facility T Advance
has not already been consolidated with any other Facility T Advance, on the
last day of any Interest Period for such Facility T Advance, that Facility T
Advance will be consolidated with any other Facility T Advance which has an
Interest Period ending on the same day as that Facility T Advance, and all such
Facility T Advances will then be treated as one Advance.

 

17.                                Each of UPC Broadband and UPC
Financing confirms, on behalf of themselves and each other Obligor that the
representations and warranties set out in Clause 15 (Representations and Warranties)
of the Credit Agreement (with the exception of Clauses 15.6(a) (Consents),
15.10 (Financial condition), 15.12 (Security Interests), 15.13(b) (Litigation
and insolvency proceedings), 15.15 (Tax liabilities), 15.16 (Ownership of
assets), 15.18 (Works Council), 15.19 (Borrower Group Structure), 15.20
(ERISA), 15.24 (UPC Financing) and 15.25 (Dutch Banking Act)) are true and
correct as if made at the Effective Date with reference to the facts and
circumstances then existing, and as if each reference to the Finance Documents
includes a reference to this Agreement.

 

18.                                 UPC Broadband further
represents and warrants on the Effective Date that the execution and delivery
by it of this Agreement and the performance of the transactions contemplated by
this Agreement will not violate any agreement or instrument to which UPC
Holding is a party or binding upon UPC Holding or any member of the Borrower
Group or any assets of UPC Holding or any member of the Borrower Group’s
assets, where such violation would or is reasonably likely to have a Material
Adverse Effect.

 

19.                                 Each Additional Facility T
Lender confirms to each Finance Party that:

 

(a)                                  it has made its 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 has not relied on any information provided to it by
a Finance Party in connection with any Finance Document; and

 

 

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

 

20.                                 Each of the Additional
Facility T Lenders agrees that without prejudice to Clause 26.3 (Procedure for
novations) of the Credit Agreement, each New Lender (as defined in the Novation
Certificate referred to below) shall become, by the execution by the Facility
Agent of a Novation Certificate substantially in the form of part 1 or part 2
of Schedule 3 to this Agreement, bound by the terms of this Agreement as if it
were an original party hereto as an Additional Facility T 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 T
Lender.

 

21.                                 Each Additional Facility T
Lender agrees to waive the notice period in respect of drawdown requests under
Clause 5.1 (Delivery of Request) of the Credit Agreement in respect of this
Facility T.

 

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

 

23.                                 This Agreement and any
non-contractual obligations arising out of or in connection with it are
governed by English law.

 

24.                                 This
Agreement may be executed in any number of counterparts, and by each party on
separate counterparts.  Each counterpart
is an original, but all counterparts shall together constitute one and the same
instrument.  Delivery of an executed
counterpart signature page of this Agreement by e-mail (PDF) or telecopy shall
be as effective as delivery of a manually executed counterpart of this
Agreement.

 

 

SCHEDULE 1

 

ADDITIONAL FACILITY T
LENDERS AND COMMITMENTS

 

	
  Additional Facility T Lender

  	
   

  	
  Facility T Commitment

  (US$)

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  UPC
  Broadband Operations B.V.

  	
   

  	
  9,700,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  9,700,000

  	
   

  

 

 

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(a) 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(a) 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(a) below (as appropriate).

 

(c)                                  A certificate of an authorised
signatory of UPC Broadband, each Guarantor and each Charging Entity certifying
that each copy document specified in this Schedule and supplied by UPC
Broadband, each Guarantor and each Charging Entity 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.

 

 

(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

 

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 T and that such obligations shall be
owed to each Finance Party including the Additional Facility T Lenders.

 

 

SCHEDULE 3

 

NOVATION CERTIFICATES

 

PART 1

 

NOVATION CERTIFICATE
(CASH)

 

To:                              [     ] as Facility Agent and [BORROWER]

 

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

 

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

 

We refer to Clause 26.3 (Procedure for
novations) of the Credit Agreement and clause 9.3 (Transfers by the Lenders) of
the Security Deed.  Terms defined in the
Credit Agreement or, if not defined in the Credit Agreement, the Additional
Facility Accession Agreement between the Facility Agent, the Security Agent and
the Additional Facility T Lenders dated [         ] 2010, have the same meaning in this
Novation Certificate.

 

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

 

2.                                       The New Lender confirms that it is bound by the
terms of the Additional Facility Accession Agreement as if it were an original
party thereto as an Additional Facility T 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 T Lender.

 

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

 

4.                                       This
Novation
Certificate
may be executed in any number of counterparts, and by each party on separate
counterparts.  Each counterpart is an
original, but all counterparts shall together constitute one and the same
instrument.  Delivery of an executed
counterpart signature page of this Novation Certificate by e-mail (PDF) or
telecopy shall be as effective as delivery of a manually executed counterpart
of this Novation Certificate.

 

5.                                       This Novation Certificate and
any non-contractual obligations arising out of or in connection with it are
governed by English law.

 

 

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:

  

 

 

PART 2

 

NOVATION CERTIFICATE
(CASHLESS)

 

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

 

From:      UPC
Broadband Operations B.V. and [the EXISTING P LENDER / NEW T LENDER]

 

Date:       [·]2010

 

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

 

We refer to:

 

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

 

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

 

(d)                                 the Additional Facility P
Accession Agreement; and

 

(e)                                  the US$9,700,000 Additional
Facility T Accession Agreement.

 

Terms defined in the Credit Agreement or,
if not defined in the Credit Agreement, the Additional Facility P Accession
Agreements, have the same meaning in this Novation Certificate.

 

1.                                       [               ] (the Existing P Lender)
agrees to novate and UPC Broadband Operations B.V. (the New P Lender)
agrees to accept novation on the Effective Date, of all the Existing P 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.                                       UPC Broadband Operations B.V.
(the Existing T Lender) agrees to novate and
[                   ] (the New T Lender) agrees to accept the novation on the Effective
Date of all the Existing T Lender’s rights and obligations referred to in the
Schedule in accordance with Clause 26.3 (Procedure for novations) of the Credit
Agreement and clause 9.3 (Transfers by the Lenders) of the Security Deed.

 

3.                                       The aggregate Existing P
Commitment will be equal to the aggregate Existing T Commitment (each term as
referred to in the schedule to this certificate). The Existing P Lender’s
obligation to transfer the Existing P Commitment to the New P Lender and the
Existing T Lender’s obligation to transfer the Existing T Commitment to the New
T Lender, will each be deemed to be satisfied by the other, in each case on the
Effective Date.

 

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

 

 

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

 

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

 

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

 

8.                                       Each party to this document
agrees, the Facility Agent agrees on behalf of each Finance Party, and UPC
Broadband Holding B.V. agrees on behalf of each Obligor, that this document is
a Novation Certificate notwithstanding that its form is different to that
required by the Credit Agreement.

 

9.                                       This Novation Certificate is a
Finance Document.

 

10.                                 This
Novation Certificate may be executed in any number of counterparts, and by each
party on separate counterparts.  Each
counterpart is an original, but all counterparts shall together constitute one
and the same instrument.  Delivery of an
executed counterpart signature page of this Novation Certificate by e-mail
(PDF) or telecopy shall be as effective as delivery of a manually executed
counterpart of this Novation Certificate.

 

11.                                 This Novation Certificate and
any non-contractual obligations arising out of or in connection with it are
governed by English law.

 

 

THE SCHEDULE

 

Rights and obligations to be
novated:

 

1.                                      EXISTING P
LENDER

 

Existing P Commitment: US$[             ]

 

Assignee: New P Lender

 

2.                                      Existing
T Lender

 

Existing T Commitment: US$[             ]

 

Assignee: New
T Lender

 

 

[THE EXISTING
P LENDER], as the Existing P Lender

 

 

By:

Name:

Title:

 

UPC BROADBAND
OPERATIONS B.V., as the New P Lender

 

By:

Name:

Title:

 

UPC BROADBAND
OPERATIONS B.V., as the Existing T Lender

 

By:

Name:

Title:

 

 

[THE NEW T LENDER], as the New T Lender

 

 

By:

Name:

Title:

 

 

UPC BROADBAND HOLDING B.V., as Obligors
agent

 

 

By:

Name:

Title:

 

 

TORONTO DOMINION (TEXAS) LLC, as Facility
Agent

 

 

By:

Name:

Title:

 

The Facility Agent confirms that the
Effective Date is the date on which it countersigns this Novation Certificate.

 

 

SIGNATORIES

 

TORONTO DOMINION (TEXAS) LLC as Facility
Agent

 

By:          Authorized
Signatory

 

 

TD BANK EUROPE LIMITED as Security Agent

 

By:          Authorized
Signatory

 

 

UPC BROADBAND HOLDING B.V.

 

By:          Authorized
Signatory

 

By:          Authorized
Signatory

 

 

UPC FINANCING PARTNERSHIP

 

By:          Authorized
Signatory

 

By:          Authorized
Signatory

 

 

ADDITIONAL
FACILITY T LENDERS

 

 

UPC BROADBAND
OPERATIONS B.V.

 

By: Authorized Signatory

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