Document:

EX-10.23

 Exhibit 10.23 
  

 

 CONTENTS 
  

							
	CLAUSE	  	PAGE	 
		
	 PART A FACILITY PARTICULARS
	  	 	1	 
		
	 PART B GENERAL TERMS
	  	 	6	 
			
	1.	 	DEFINITIONS AND INTERPRETATION	  	 	6	 
	2.	 	FACILITIES	  	 	9	 
	3.	 	CONDITIONS OF UTILISATION	  	 	10	 
	4.	 	UTILISATION	  	 	11	 
	5.	 	REPAYMENT, PREPAYMENT AND CANCELLATION	  	 	12	 
	6.	 	INTEREST	  	 	13	 
	7.	 	FEES	  	 	13	 
	8.	 	REPRESENTATIONS AND WARRANTIES	  	 	13	 
	9.	 	ACCELERATION	  	 	13	 
	10.	 	ASSIGNMENTS	  	 	14	 
	11.	 	CHANGES TO THE BORROWERS	  	 	14	 
	12.	 	COUNTERPARTS	  	 	15	 
	13.	 	INDEMNITIES AND REIMBURSEMENT	  	 	16	 
	14.	 	GOVERNING LAW	  	 	16	 
	15.	 	VARIATION	  	 	16	 
	16.	 	ATTORNEYS	  	 	16	 
	17.	 	ENTIRE AGREEMENT	  	 	16	 
	18.	 	ENFORCEMENT	  	 	16	 
		
	 Schedule
	  			
			
	1	 	Conditions precedent	  	 	20	 
	2	 	Utilisation Request	  	 	21	 
	3	 	Reallocation Request	  	 	23	 
	4	 	Form of Accession Letter	  	 	24	 
	5	 	Form of Resignation Letter	  	 	25	 
		
	 PART C—ANNEXURES
	  			
		
	 Annexure
	  			
			
	A	 	Cash Advance Facility	  			
	B	 	Bank Guarantee Facility	  			
	C	 	Corporate Card Facility	  			
	D	 	Group Limit Facility	  			

 PART A FACILITY PARTICULARS 

Part 1 
  

			
	 Document
details

	Date	  	
		
	Original Borrowers	  	 Foxtel Management Pty Limited (ABN 65 068 671 938) of 5 Thomas Holt Drive, North Ryde, NSW 2113 in its own capacity;

 
 Austar Entertainment Pty Limited (ACN 068 104 530) of 5 Thomas Holt Drive, North
Ryde, NSW 2113;
  
 Austar United Communications Pty Limited (ACN 087 695 707) of
5 Thomas Holt Drive, North Ryde, NSW 2113;
  
 Customer Services Pty Limited (ACN
069 272 117) of 5 Thomas Holt Drive, North Ryde, NSW 2113;
  
 Foxtel Finance Pty
Limited (ACN 151 691 897) of 5 Thomas Holt Drive, North Ryde, NSW 2113;
  

Foxtel Australia Pty Limited (ACN 151 691 753) of 5 Thomas Holt Drive, North Ryde, NSW 2113; and

 
 XYZnetworks Pty Limited (ACN 066 812 119) of 5 Thomas Holt Drive, North Ryde, NSW
2113.

		
	Original Lender	  	 Commonwealth Bank of Australia ABN 48 123 123 124
  

Address for service of communications:
  

Address: Level 23, Darling Park Tower 1, 201 Sussex Street Sydney NSW 2000

Attention: Peter Cirica 
 Phone: +612 9118
4137 
 Fax: +612 9118 4003 
 Email:
peter.cirica@cba.com.au
  
 with a copy to:

 
 Address: Level 22, Darling Park Tower 1 201 Sussex Street Sydney NSW 2000

Attention: Loan Management Group 
 Phone: +61
1300 881 394 
 Email: IBLending@cba.com.au
  

Facility Office: Level 22, Darling Park Tower 1 201 Sussex Street Sydney NSW 2000.

		
	Company	  	Foxtel Management Pty Limited (ABN 65 068 671 938) of 5 Thomas Holt Drive, North Ryde, NSW 2113 in its own capacity
		
	Base Currency	  	AUD
		
	Common Terms Deed Poll	  	the common terms deed poll dated 10 April 2012 (as amended or amended and restated from time to time) given by Foxtel Management Pty Limited, the parties in Schedule 1 to that document and others in favour of the Finance
Parties (as defined therein)

  
 1 

 Part 2 
  

			
	 Limits

		
	Total Accommodation Limit	  	$100,000,000

  

							
	 Facilities
	  	Facility
Accommodation
Limit	  	 Availability Period
	  	 Available
currencies

				
	 Cash Advance
 Facility *
	  	$82,219,340.08	  	The period commencing on the date of this document and ending on the earlier of the Termination Date and the date on which the commitment is cancelled pursuant to this document.	  	AUD
				
	Bank Guarantee Facility *	  	$9,280,659.92	  	The period commencing on the date of this document and ending on the earlier of the Termination Date and the date on which the commitment is cancelled pursuant to this document.	  	AUD
				
	Corporate Card Facility *	  	$3,500,000	  	Repayable and cancellable on demand as specified in the Facility Annexure.	  	AUD
				
	Group Limit Facility *	  	$5,000,000	  	Repayable and cancellable on demand as specified in the Facility Annexure.	  	AUD

  

	*	 Limits on these Facilities (“Multi-Option Facilities”) may be
re-allocated in accordance with clause 2.3 (Reallocation). 

  
 2 

 Part 3 
  

			
	 Facility
pricing

		
	Commitment fee	  	45% of the applicable Margin per annum that would apply in relation to a Loan on that date payable on the daily amount of the Total Accommodation Limit which is undrawn. The commitment fee is payable quarterly in arrears on the last
Business Day of each calendar quarter and on the last day of the Availability Period.
		
	Establishment fee	  	 $300,000.
  

The establishment fee is payable within 2 Business Days of the date of this document.

		
	Cash Advance Facility	  	Bank Bill Rate plus the applicable Margin for the applicable Interest Period.
		
	Bank Guarantee Facility	  	 A Bank Guarantee issuance fee of 1.10% per annum on the face amount of each Bank Guarantee.

 
 The issuance fee is payable in arrears on the last Business Day of each calendar quarter
and on the last day of the Availability Period.

		
	Corporate Card Facility	  	Market rates on all Accommodation provided under the Corporate Card Facility as advised by the Lender from time to time, payable as advised by the Lender from time to time.
		
	Group Limit Facility	  	Refer to Part 4 of the Facilities Particulars.

  
 3 

 Part 4 
  

					
	Group Limit Facility details*
	 Accounts
	  	 Account name
	  	Account number
			
		  	AUSTAR ENTERTAINMENT PTY LIMITED	  	200011398313
			
		  	CUSTOMER SERVICES PTY LIMITED	  	400010659274
			
		  	AUSTAR ENTERTAINMENT PTY LIMITED	  	200011461773
			
		  	AUSTAR UNITED COMMUNICATIONS LIMITED	  	200011398321
			
		  	AUSTAR ENTERTAINMENT PTY LIMITED	  	200011398305
			
		  	CUSTOMER SERVICES PTY LIMITED	  	314710223307
			
		  	FOXTEL FINANCE PTY LIMITED	  	200014452215
			
		  	FOXTEL AUSTRALIA PTY LIMITED	  	200014533162
			
		  	FOXTEL MANAGEMENT PTY LIMITED	  	400010659223
			
		  	FOXTEL MANAGEMENT PTY LIMITED	  	400010659266
			
		  	FOXTEL MANAGEMENT PTY LIMITED	  	400010659952
			
		  	XYZNETWORKS PTY LIMITED	  	202010106146
			
		  	FOXTEL MANAGEMENT PTY LIMITED	  	200015984002
			
		  	AUSTAR ENTERTAINMENT PTY LIMITED	  	200013503316
			
		  	FOXTEL MANAGEMENT PTY LIMITED	  	200010690937
			
		  	AUSTAR ENTERTAINMENT PTY LIMITED RECEIPTS ACCOUNT	  	200011398292
			
		  	AUSTAR ENTERTAINMENT PTY LIMITED - CUSTOMER RECEIPTSACCOUNT2	  	200013866010
			
		  	Austar—Operating Account	  	200015338414
			
	Cap Limit	  	$20,000,000	  	

  
 4 

			
	Group Limit Facility details*
		
	Group Limit	  	 Overdraft Limit: $5,000,000.00
  

The Facility Accommodation Limit for the Group Limit Facility

		
	Debit Interest Margin	  	 Facility Limits
  

Balance within Overdraft Limit: 0 - $5,000,000.00
  

•  The Bank’s Corporate Overdraft Reference Rate (presently: 8.71% p.a.) less 5.1%

		
	Excess Debit Interest Margin	  	 Balance in excess of Overdraft Limit: $5,000,000.00 +
  

•  The Bank’s Corporate Overdraft Reference Rate (presently: 8.71% p.a.)

		
	Interest on Credit Balances	  	 Flat Rate on all Credit Balances
  

•  RBA Target Cash Rate (presently: 1.5% p.a.) less 0.10%

		
	Nominated Account	  	064000 10659223
		
	Arrangement ID	  	100067220
		
	Fees	  	Market rates on Accommodation provided under the Group Limit Facility as advised by the Lender from time to time, payable as advised by the Lender from time to time.
	  	  
 Overdraft Line Fee: Waived

  

	*	 The Accounts, Debit Interest Margin, Excess Debit Interest Margin and the Interest on Credit Balances are true
and correct on the date of this document. Each of these may change from time to time with the prior written agreement between the Lender and the Company. 

  
 5 

 PART B GENERAL TERMS 

 

	1.	 DEFINITIONS AND INTERPRETATION 

 

	1.1	 Definitions 

In this document, the following terms have the following meanings unless a contrary intention appears: 

Accession Letter means in relation to an Additional Borrower, a document substantially in the form set out in Schedule 4. 

Accommodation means any financial accommodation provided or to be provided by the Lender under this document. 

Accommodation Particulars has, in respect of a Facility, the meaning given to that term in the Facility Annexure (if any). 

Additional Borrower means a company which becomes an Additional Borrower in accordance with clause 11 (Changes to the Borrowers),

 Applicable Facility Conditions has, in respect of a Facility, the meaning (if any) given to that term in the relevant Facility
Annexure. If the term is not defined in a Facility Annexure, there are no Applicable Facility Conditions for the relevant Facility. 

Authorised Officer means: 
  

	 	(a)	 in respect of a Borrower, any person holding any position from time to time nominated as an Authorised Officer
by that Borrower by notice to the Lender, which notice must be accompanied by certified copies of the signatures of all new persons so appointed and any other such identification or verification documents required by the Lender, and if no such
notice is given, means any person who is an “officer” of that Borrower within the meaning given in the Corporations Act; and 

  

	 	(b)	 in respect of the Lender, any person whose title of office is or includes the word “Director”,
“Managing Director”, “Head”, “Executive”, “Manager” or “Vice President” (including any person acting in any of those offices) and any other person appointed by the Lender to act as its authorised
officer for the purposes of the MOFA Documents. 

 Availability Period means, for a Facility, the period specified
in Part 2 of the Facility Particulars for that Facility (unless the Facility Accommodation Limit for that Facility is cancelled in full or permanently reduced to zero under this document). 

Bank Guarantee means any of the following in a form requested by a Borrower and agreed by the Lender: 

 

	 	(a)	 a letter of credit; and 

 

	 	(b)	 a guarantee, indemnity or other instrument, 

and includes a bank guarantee, performance bond or a standby letter of credit. 

Base Currency means the currency specified as the Base Currency in Part 1 of the Facility Particulars. 

  
 6 

 Borrower means an Original Borrower or an Additional Borrower unless it has ceased to be a
Borrower in accordance with clause 11 (Changes to the Borrowers). 
 Break Costs means the amount determined by the Lender as
being incurred by reason of the liquidation or re-employment of deposits or other funds acquired or contracted for, or allocated by the Lender to fund or maintain its commitments under this document or the
termination or repricing of any interest rate or currency swap or other hedging arrangement (including an internal arrangement) entered into by the Lender in connection with the liquidation or re-employment of
those deposits or other funds. 
 Facility means each facility specified in Part 2 of the Facility Particulars. 

Facility Accommodation Limit means in respect of a Facility, the amount set opposite that Facility in Part 2 of the Facility Particulars
as reduced cancelled or varied in accordance with this document. 
 Facility Annexure means, in respect of a Facility, the annexure
relating to that Facility which forms part of this document. 
 Facility Conditions Precedent has, in respect of a Facility, the
meaning given to that term in the Facility Annexure. 
 Facility Documentation means any agreement, deed, schedule, order form,
account authority, signature card or other document relating to a Facility, and includes any Applicable Facility Conditions relating to that Facility. 

Facility Office means the Facility Office specified in Part 1 of the Facility Particulars. 

Facility Particulars means the facility particulars set out at the front of this document immediately after the table of contents. 

Lender means: 
  

	 	(a)	 the Original Lender; and 

 

	 	(b)	 any bank, financial Institution, trust, fund or other entity which has become a party in accordance with clause
10.2 (Assignment by the Lender), 

 which in each case has not ceased to be a party in accordance with the terms of
this document. 
 Margin will be determined by reference to the table below based on the Total Debt to EBITDA Ratio of the FOXTEL
Group as shown in the most recent Compliance Certificate delivered under clause 5.1 of the Common Terms Deed Poll as at the most recent Calculation Date. 
  

					
	 Total Debt to EBITDA
	  	Margin	 
	 £1.5
	  	 	1.30% p.a.	 
	 above 1.5 but £ 2.0
	  	 	1.40% p.a.	 
	 above 2.0 but £ 2.25
	  	 	1.50% p.a.	 
	 above 2.25 but £ 2.5
	  	 	1.60% p.a.	 
	 above 2.5 but £ 3.0
	  	 	1.70% p.a.	 
	 above 3.0 but £ 3.5
	  	 	2.00% p.a.	 
	 above 3.5
	  	 	2.40% p.a.	 

  
 7 

 Master Agreement means this document excluding each Facility Annexure but including the
Facility Particulars and each schedule. 
 MOF Finance Document means: 

 

	 	(a)	 this document; 

  

	 	(b)	 any Swap Agreement to which the Lender is a counterparty; 

 

	 	(c)	 any Accession Letter; 

 

	 	(d)	 any Resignation Letter; 

 

	 	(e)	 any Facility Documentation; 

 

	 	(f)	 the Common Terms Deed Poll; 

 

	 	(g)	 any Guarantee Assumption Deed Poll; 

 

	 	(h)	 any Subordination Deed; or 

 

	 	(i)	 any other document designated in writing as such by the Lender and a Borrower. 

Money Owing means all amounts actually or contingently owing under this document and each other MOF Finance Document, including accrued
but unpaid interest and fees. 
 Multi-Option Facility has the meaning given to that term in Part 2 of the Facility Particulars. 

Outstanding Accommodation has, in respect of a Facility, the meaning given to that term in the Facility Annexure. 

Overdue Rate has, in respect of a Facility, the meaning given to that term in the Facility Annexure. 

Reallocation Request means a notice substantially in the form set out in Schedule 3 and given in accordance with clause 2.3
(Reallocation). 
 Reference Rate means the rate described as the Lender’s corporate overdraft reference rate, as amended
and published by the Lender from time to time or, if there is no such rate, any substitute or replacement rate published by the Lender from time to time. 

Resignation Letter means a letter substantially in the form set out in Schedule 5. 

Termination Date means, for a Facility, 3 July 2020 or any earlier date on which the Facility is terminated or cancelled in
accordance with this document or on which all the Money Owing becomes due and payable under this document. 
 Total Accommodation Limit
means the amount specified in Part 2 of the Facility Particulars being the aggregate Facility Accommodation Limits, as reduced, cancelled or varied in accordance with this document. 

  
 8 

 Utilisation has, in respect of a Facility, the meaning given to that term in the Facility
Annexure for that Facility. 
 Utilisation Date means the date on which Accommodation is or is to be provided under a Facility and
includes any date on which Accommodation is or is to be replaced, rolled over or renewed. 
 Utilisation Request means a notice
substantially in the form set out Schedule 2 and given in accordance with clause 4 (Utilisation). 
  

	1.2	 Further definitions 

 

	 	(a)	 Terms defined in the Facility Particulars, in a Facility Annexure or in a schedule to this document have the
same meaning in the rest of this document unless defined elsewhere or a contrary intention appears. 

  

	 	(b)	 Terms defined in the Common Terms Deed Poll apply in this document unless a contrary intention appears or the
relevant term is defined in this document. 

  

	1.3	 Currency symbols and definitions 

A$, AUD and Australian dollars denote the lawful currency of Australia. 

 

	1.4	 Common Terms Deed Poll 

 

	 	(a)	 This document and the rights and obligations of the parties to it are subject to the terms and conditions of
the Common Terms Deed Poll which are deemed to be incorporated in full into this document as if expressly set out in this document (with the necessary changes). 

 

	 	(b)	 Each MOF Finance Document is a Finance Document for the purposes of the Common Terms Deed Poll.

  

	 	(c)	 If the Common Terms Deed Poll is terminated without the consent of the Lender, references in this document to
the Common Terms Deed Poll are references to that document in the form immediately before its termination. 

  

	1.5	 Multiple parties 

If a party to this document is made up of more than one person, or a term is used in this document to refer to more than one party, then unless
otherwise specified in this document: 
  

	 	(a)	 an obligation of those persons is joint and several; 

 

	 	(b)	 a right of those persons is held by each of them severally; and 

 

	 	(c)	 any other reference to that party or that term is a reference to each of those persons separately, so that (for
example) a representation, warranty or undertaking relates to each of them separately. 

  

	2.	 FACILITIES 

  

	2.1	 Availability 

  

	 	(a)	 Subject to the terms of this document the Lender agrees to make available to the Borrowers each Facility during
its Availability Period in the Base Currency, up to its Facility Accommodation Limit, on the terms set out in this document, including the relevant Facility Annexure. 

  
 9 

	 	(b)	 On the Termination Date for a Facility the Facility Accommodation Limit for that Facility is cancelled and
reduced to zero. 

  

	2.2	 Purpose 

  

	 	(a)	 Unless otherwise agreed by the Lender, each Borrower must apply a Utilisation under a Facility for working
capital and corporate requirements of the FOXTEL Group. 

  

	 	(b)	 The Lender is not bound to monitor or verify the application of a Utilisation pursuant to this document.

  

	2.3	 Reallocation 

  

	 	(a)	 A Borrower may by notice in writing to the Lender request that the Facility Accommodation Limit of any
Multi-Option Facility be transferred to the Facility Accommodation Limit of another Multi-Option Facility by providing to the Lender a Reallocation Request in the form of Schedule 3 of this document. 

 

	 	(b)	 If the Lender consents to any such request, then the Lender shall produce a new Part 2 of the Facility
Particulars reflecting such adjustments and provide a copy to the Borrowers. 

  

	 	(c)	 Despite any other provision of this document, the Lender must consent to any request by a Borrower to increase
the Facility Accommodation Limit of any other Multi-Option Facility if the Lender exercises its rights to cancel its obligation to provide any further Accommodation under the Corporate Card Facility or the Group Limit Facility. Any such increase in
a Facility Accommodation Limit will not exceed the amount of the Facility Accommodation Limit under the Corporate Card Facility or the Group Limit Facility cancelled by the Lender. 

 

	3.	 CONDITIONS OF UTILISATION 

 

	3.1	 Initial conditions precedent 

No Borrower may deliver a Utilisation Request, or utilise any Accommodation under this document, unless the Lender has received all of the
documents and evidence listed in Part I of Schedule 1 in form and substance satisfactory to the Lender. 
  

	3.2	 Further conditions precedent 

The Lender will only be obliged to comply with clause 4.3 (Provision of Utilisation) if: 

 

	 	(a)	 on the date of the Utilisation Request (if applicable) and on the proposed Utilisation Date:

  

	 	(i)	 no Event of Default or Potential Event of Default is continuing or would result from the proposed Utilisation;
and 

  

	 	(ii)	 each representation and warranty given under a Finance Document (other than the representation and warranty in
clause 4.1(m) if the Common Terms Deed Poll) is true and correct in all material respects, and is not misleading in any material respect as though they had been made in respect of the facts and circumstances then subsisting; 

  
 10 

	 	(b)	 in respect of the Facility to which the proposed Utilisation and the Utilisation Request (if applicable)
relates: 

  

	 	(i)	 the Outstanding Accommodation at any time will not exceed the Facility Accommodation Limit; and

  

	 	(ii)	 any Facility Conditions Precedent have been provided or complied with, in each case in form and substance
satisfactory to the Lender; 

  

	 	(c)	 in respect of any Utilisation under a Facility, the aggregate of the Outstanding Accommodation under each
Facility will not exceed the Total Accommodation Limit; and 

  

	 	(d)	 the proposed Utilisation Date in relation to the Utilisation is a Business Day within the Availability Period
for the Facility. 

  

	4.	 UTILISATION 

  

	4.1	 Delivery of a Utilisation Request 

A Borrower may request a Utilisation under a Facility which requires a Utilisation Request by delivering the Utilisation Request to the Lender.
For a Facility where the Facility Annexure specifies that no Utilisation Request is required, the Lender will provide Utilisations subject to the terms of the Facility Annexure. 

 

	4.2	 Completion of Utilisation Request 

Subject to any contrary provision in the relevant Facility Annexure, each Utilisation Request is irrevocable and will not be regarded as having
been duly completed unless it: 
  

	 	(a)	 is delivered no later than 10.00am local time in the city of the Lender’s Facility Office, two Business
Days before the proposed Utilisation Date (or at any later time and date as the Lender may agree); 

  

	 	(b)	 specifies: 

  

	 	(i)	 the Facility to be utilised; 

 

	 	(ii)	 the proposed Utilisation Date (which must be a Business Day within the relevant Availability Period for the
Facility); 

  

	 	(iii)	 the Accommodation Particulars; 

 

	 	(iv)	 where relevant, the bank account or accounts to which payment is to be made; 

 

	 	(c)	 is signed by an Authorised Officer of the relevant Borrower; and 

 

	 	(d)	 is substantially in the form set out in Schedule 2 (Utilisation Request). 

 

	4.3	 Provision of Utilisation 

If the conditions set out in this document have been met, and subject to the provisions of the relevant Facility Annexure, the Lender shall
make the Utilisation requested in the relevant Utilisation Request available by the Utilisation Date through its Facility Office. 

  
 11 

	5.	 REPAYMENT, PREPAYMENT AND CANCELLATION 

 

	5.1	 Repayment 

  

	 	(a)	 On the Termination Date for a Facility each Borrower to which a Utilisation in respect of that Facility has
been made must pay to the Lender: 

  

	 	(i)	 all of the Outstanding Accommodation under the relevant Facility, together with all Money Owing in respect of
that Facility; and 

  

	 	(ii)	 all other amounts specified in this document as being payable on the Termination Date for that Facility.

  

	 	(b)	 On the last Termination Date for any Facility each relevant Borrower must pay to the Lender all remaining Money
Owing. 

  

	5.2	 Mandatory prepayment 

If so required by the Lender, a Borrower must make such repayments to the Lender in respect of a Facility as are necessary to ensure that at
all times during the relevant Availability Period the Outstanding Accommodation will not exceed the Facility Accommodation Limit. 
  

	5.3	 Voluntary cancellation 

 

	 	(a)	 A Borrower may, if it gives the Lender not less than 5 Business Days’ prior notice (or such shorter period
as the Lender may agree), cancel the whole or any part (being a minimum amount of AUD1,000,000 and a whole multiple of AUD1,000,000, unless otherwise agreed by the Lender) of the Total Accommodation Limit. 

 

	 	(b)	 The Total Accommodation Limit may not be reduced below the aggregate Outstanding Accommodation under each
Facility on the date on which the cancellation is to take place. 

  

	 	(c)	 The Facility Accommodation Limit of each Facility will be reduced as agreed between a Borrower and the Lender.

  

	5.4	 Voluntary prepayment 

 

	 	(a)	 A Borrower to which a Utilisation has been made may, if it gives the Lender not less than 5 Business Days’
prior notice (or such shorter period as the Lender may agree), prepay all or part of the aggregate Outstanding Accommodation under each Facility. 

  

	 	(b)	 The prepaid amount must be a minimum of AUD1,000,000 and a whole multiple of AUD1,000,000, unless otherwise
agreed by the Lender. When a Borrower prepays any amount it must pay all interest accrued on that amount and, in the case of a Utilisation of the Cash Advance Facility, any Break Costs arising as consequence of the prepayment other than on the last
day of its Interest Period. 

  

	 	(c)	 Any Accommodation prepaid will, during the Availability Period, be available to the relevant Borrower by way of
fresh Utilisations. 

  
 12 

	6.	 INTEREST 

  

	6.1	 Interest 

The Borrowers must pay interest on each Utilisation if required by, and in the amount, at the time and in the manner set out in, the Facility
Annexure for the relevant Facility or in any Facility Documentation. 
  

	6.2	 Default interest 

If a Borrower fails to pay any amount payable by it under this document on its due date, then that Borrower must pay, on demand or at any time
notified by the Lender, interest on that overdue amount from the due date up to the date of actual payment, calculated on daily balances and compounded monthly, both before and (as an independent obligation) after any judgment or order: 

 

	 	(a)	 where the overdue amount is payable under or in respect of a Facility, and the Facility Annexure refers to an
Overdue Rate for that Facility, at that Overdue Rate; 

  

	 	(b)	 where the overdue amount is payable under or in respect of a Facility, and any Facility Documentation refers to
an overdue rate for that Facility, at that overdue rate; or 

  

	 	(c)	 in any other case, at the rate determined by the Lender to be 2% per annum above the Reference Rate.

  

	6.3	 Notification of rates of interest 

The Lender shall promptly notify the relevant Borrower of the determination of a rate of interest under this document. 

 

	7.	 FEES 

  

	7.1	 Fees 

The Borrowers must pay to the Lender: 
  

	 	(a)	 the fees in the amount, at the time and in the manner set out in Part 3 of the Facility Particulars; and

  

	 	(b)	 any other fees set out in Facility Documentation, at the time and in the manner set out in such Facility
Documentation. 

  

	7.2	 Non-refundable 

All fees payable under this document are non-refundable and
non-rebateable. 
  

	8.	 REPRESENTATIONS AND WARRANTIES 

Each Borrower makes the representations and warranties set out in clause 4.1 of the Common Terms Deed Poll for the benefit of the Lender on the
date of this document. 
  

	9.	 ACCELERATION 

On and at any time after the occurrence of an Event of Default which is continuing the Lender may, by notice to the Company: 

 

	 	(a)	 cancel the Facility Accommodation Limits whereupon they shall immediately be cancelled; and/or

  
 13 

	 	(b)	 declare that all or part of the Money Owing be immediately due and payable, whereupon it shall become
immediately due and payable; and/or 

  

	 	(c)	 declare that cash cover in respect of each Bank Guarantee is immediately due and payable whereupon it shall
become immediately due and payable. 

  

	10.	 ASSIGNMENTS 

  

	10.1	 Assignments by a Borrower 

A Borrower may only assign or transfer any of its rights and obligations under this document with the prior written consent of the Lender. 

 

	10.2	 Assignment by the Lender 

The Lender may assign, create any interest in or otherwise deal with all or any of its rights under this document at any time if: 

 

	 	(a)	 any necessary prior Authorisation is obtained; 

 

	 	(b)	 one or more of the following applies: 

 

	 	(i)	 the transferee or assignee is a Related Body Corporate of the Lender; 

 

	 	(ii)	 the Borrowers consent to the proposed transfer or assignment (such consent not to be unreasonably withheld); or

  

	 	(iii)	 an Event of Default is continuing; and 

 

	 	(c)	 in the case of a transfer of obligations, the transfer is effected by a novation in form and substance
reasonably satisfactory to the Borrowers. 

  

	10.3	 Change of Facility Office 

The Lender may change its Facility Office if it first notifies and consults with the Borrowers. 

 

	10.4	 No increased costs 

Despite anything to the contrary in this document, if the Lender assigns its right under this document or changes it Facility Office, a
Borrower will not be required to pay any net increase in the total amount of costs, Taxes, fees or charges which is a direct result of the assignment or change and of which the Lender or its assignee was aware or ought reasonably to have been aware
on the date of the assignment of change. For this purpose only, a novation will be regarded as an assignment. 
  

	11.	 CHANGES TO THE BORROWERS 

 

	11.1	 Additional Borrowers 

 

	 	(a)	 Any Guarantor incorporated in Australia may become an Additional Borrower if the Lender has received the
following in form and substance satisfactory to it: 

  

	 	(i)	 a duly completed and executed Accession Letter; and 

 

	 	(ii)	 all of the documents and other evidence listed in Part II of Schedule 1 in relation to that Additional
Borrower. 

  
 14 

	 	(b)	 The Lender shall notify the Company promptly upon being satisfied that it has received (in form and substance
satisfactory to it) all the documents and other evidence listed clause 11.1(a). 

  

	11.2	 Resignation of a Borrower 

 

	 	(a)	 The Company may request that a Borrower (other than the Company) ceases to be a Borrower by delivering to the
Lender a Resignation Letter. 

  

	 	(b)	 The Lender shall accept a Resignation Letter and notify the Company of its acceptance if:

  

	 	(i)	 no Event of Default or Potential Event of Default is continuing or would result from the acceptance of the
Resignation Letter (and the Company has confirmed this is the case); and 

  

	 	(ii)	 the relevant Borrower is under no actual or contingent obligations as a Borrower under any MOF Finance
Documents, 

 whereupon that company shall cease to be a Borrower and shall have no further rights or obligations under the
MOF Finance Documents. 
  

	11.3	 Anti-money laundering 

 

	 	(a)	 Each Borrower agrees that the Lender may delay, block or refuse to process any transaction without incurring
any liability if the Lender suspects that: 

  

	 	(i)	 the transaction may breach any laws or regulations in Australia or any other country binding on the Lender;

  

	 	(ii)	 the transaction involves any person (natural, corporate or governmental) in a manner that would breach economic
and trade sanctions imposed by Australia, the United States, the European Union or any country binding on the Lender; or 

  

	 	(iii)	 the transaction may directly or indirectly involve the proceeds of, or be applied for the purposes of, conduct
which is unlawful in Australia or any other country and the transaction would breach or cause the Lender to breach any laws or regulations binding on the Lender. 

 

	 	(b)	 Each Borrower must provide all information to the Lender which the Lender reasonably requires in order to
manage its anti money laundering, counter terrorism financing or economic and trade sanctions risk or to comply with any laws or regulations in Australia or any other country. Each Borrower agrees that the Lender may disclose any information
concerning a Borrower or any Transaction Party to any law enforcement, regulatory agency or court where and to the extent required by any such law or regulation or authority in Australia or elsewhere. 

 

	 	(c)	 Each Borrower declares and undertakes to the Lender that to the best of its knowledge, information and belief
the processing of any transaction by the Lender in accordance with that Borrower’s instructions will not breach any laws or regulations in Australia or any other country relevant to the transaction. 

 

	12.	 COUNTERPARTS 

This document 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 document. 

  
 15 

	13.	 INDEMNITIES AND REIMBURSEMENT 

All indemnities and reimbursement obligations (and any other payment obligations of a Borrower) in this document is continuing and survives
termination of this document, repayment of the Utilisations and cancellation or expiry of the Facility Accommodation Limits. 
  

	14.	 GOVERNING LAW 

This document is governed by the laws of New South Wales. 
  

	15.	 VARIATION 

A variation of any terms of this document must be in writing and signed by the parties (other than any variations permitted to be made by the
Lender under or in accordance with the Facility Annexures). 
  

	16.	 ATTORNEYS 

Each of the attorneys executing this document states that the attorney has no notice of the revocation of the power of attorney appointing that
attorney. 
  

	17.	 ENTIRE AGREEMENT 

To the extent permitted by law, in relation to their subject matter, the MOF Finance Documents: 

 

	 	(a)	 embody the entire understanding of the parties, and constitute the entire terms agreed by the parties; and

  

	 	(b)	 supersede any prior written or other agreement of the parties. 

 

	18.	 ENFORCEMENT 

  

	18.1	 Jurisdiction 

  

	 	(a)	 Each Borrower irrevocably and unconditionally submits to the non exclusive jurisdiction of the courts of New
South Wales. 

  

	 	(b)	 Each Borrower irrevocably and unconditionally waives any objection to the venue of any legal process on the
basis that the process has been brought in an inconvenient forum or those courts not having jurisdiction. 

  

	 	(c)	 Each Borrower irrevocably waives any immunity in respect of its obligations under this document that it may
acquire from the jurisdiction of any court or any legal process for any reason including the service of notice, attachment prior to judgment, attachment in aid of execution. 

 

	 	(d)	 The Lender may take proceedings with this document in any other court with jurisdiction or concurrent
proceedings in any number of jurisdictions. 

 This document has been entered into on the date stated in Part 1 of the Facility
Particulars. 

  
 16 

 EXECUTED as an agreement 

ORIGINAL BORROWERS 
  

					
	 EXECUTED by FOXTEL MANAGEMENT

PTY LIMITED in accordance with s127 of
 the Corporations
Act 2001 (Cth):
	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	Signature of director	 		 	Signature of secretary
			
	 PETER TONAGH

Chief Executive Officer
	 		 	LYNETTE IRELAND
	Name	 		 	Name

  

					
	 EXECUTED by Austar Entertainment

Pty Limited in accordance with s127 of
 the Corporations
Act 2001 (Cth):
	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	Signature of director	 		 	Signature of secretary
			
	 PETER TONAGH

Chief Executive Officer
	 		 	LYNETTE IRELAND
	Name	 		 	Name

  

					
	 EXECUTED by Austar United

Communications Pty Limited in
 accordance with s127 of the
Corporations Act 2001 (Cth):
	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	Signature of director	 		 	Signature of secretary
			
	 PETER TONAGH

Chief Executive Officer
	 		 	LYNETTE IRELAND
	Name	 		 	Name

  

					
	 EXECUTED by Customer Services Pty

Limited in accordance with s127 of the
 Corporations Act
2001 (Cth):
	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	Signature of director	 		 	Signature of secretary
			
	 PETER TONAGH

Chief Executive Officer
	 		 	LYNETTE IRELAND
	Name	 		 	Name

  
 17 

					
	 EXECUTED by Foxtel Finance Pty

Limited in accordance with s127 of the
 Corporations Act
2001 (Cth):
	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	Signature of director	 		 	Signature of secretary
			
	 PETER TONAGH

Chief Executive Officer
	 		 	LYNETTE IRELAND
	Name	 		 	Name

  

					
	 EXECUTED by Foxtel Australia Pty

Limited in accordance with s127 of the
 Corporations Act
2001 (Cth):
	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	Signature of director	 		 	Signature of secretary
			
	 PETER TONAGH

Chief Executive Officer
	 		 	LYNETTE IRELAND
	Name	 		 	Name

  

					
	 EXECUTED by XYZnetworks Pty

Limited in accordance with s127 of the
 Corporations Act
2001 (Cth):
	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	Signature of director	 		 	Signature of secretary
			
	 PETER TONAGH

Chief Executive Officer
	 		 	LYNETTE IRELAND
	Name	 		 	Name

  
 18 

 LENDER 
  

					
	 SIGNED for COMMONWEALTH BANK

OF AUSTRALIA under power of attorney
 in the presence
of:
	 		 	 /s/ David Sim

		 		 	Signature of attorney
			
	 /s/ Rohit Bhardwaj
	 		 	DAVID SIM
	Signature of witness	 		 	Name
			
	ROHIT BHARDWAJ	 		 	24 JUNE 2013
	Name	 		 	Date of power of attorney

  
 19 

 SCHEDULE 1 

Conditions precedent 

Part I 
 Conditions
Precedent To Initial Utilisation 
  

	1.	 Original Borrower 

 

	1.1	 A list of all Authorised Officers of the Original Borrowers, including specimen signatures of each such
Authorised Officer. 

  

	1.2	 All documents and other evidence reasonably requested by the Lender in order for the Lender to carry out all
necessary “know your customer” or other similar checks in relation to each Borrower and each of its Authorised Officers under all applicable laws and regulations where such information is not already available to the recipient.

  

	2.	 Legal opinions 

 

	2.1	 A legal opinion of the Company’s legal counsel. 

 

	3.	 Other documents and evidence 

 

	3.1	 Evidence that the fees, costs and expenses then due from an Original Borrower pursuant to the MOF Finance
Documents (including clause 7.1 (Fees)) have been paid or will be paid by the first Utilisation Date. 

  

	3.2	 An original of this document duly executed by all of the parties to it. 

 

	3.3	 A Finance Party Nomination Letter duly executed by Foxtel Management Pty Limited nominating the Lender a
Financier Representative and Financier and this document a Finance Document for the purposes of the Common Terms Deed Poll. 

  

	3.4	 A Senior Debt Nomination Letter (as that term is defined in the Subordination Deed) duly executed by Foxtel
Management Pty Limited nominating the Lender as a Senior Lender Representative and a Senior Lender, this document a Senior Debt Document and the Total Accommodation Limit a Senior Commitment for the purposes of the
Subordination Deed. 

 Part II 

Conditions Precedent Required To Be Delivered By An Additional Borrower 

 

	1.	 A list of all Authorised Officers of the Additional Borrower, including specimen signatures of each such
Authorised Officer. 

  

	2.	 A legal opinion of the Company’s legal counsel. 

 

	3.	 A certificate in relation to the Additional Borrower given by two directors or a director and company secretary
of the Additional Borrower substantially in the form of Schedule 6 of the Common Terms Deed Poll. 

  

	4.	 All documents and other evidence reasonably requested by the Lender in order for the Lender to carry out all
necessary “know your customer” or other similar checks in relation to the Additional Borrower and each of its Authorised Officers under all applicable laws and regulations where such information is not already available to the recipient.

  
 20 

 SCHEDULE 2 

Utilisation Request 
 From:
[Borrower] 
 To: Commonwealth Bank of Australia 

Dated: 
 Dear Sirs 

Multi-Option Facility Agreement dated [    ] (the Agreement) 

Utilisation Request 
  

	1.	 We refer to the Agreement. This is a Utilisation Request. Terms defined in the Agreement have the same meaning
in this Utilisation Request unless given a different meaning in this Utilisation Request. 

  

	2.	 We request a Utilisation on the following terms: 

 

			
	 	 
	 Facility:

 
	  	 
	 	 
	 Proposed Utilisation Date:

 
	  	 
	 	 
	 Accommodation Particulars:

 
	  	As set out below
	 	 
	 Bank account(s) to which payment is to be made
[if relevant]:
  
	  	 

  

	3.	 The Accommodation Particulars for the requested Utilisation are as follows: 

[Cash Advance Facility. Delete the table below if the Utilisation Request does not relate to this Facility.] 

 

			
	 	 
	 Principal amount of Loan:

 
	  	 
	 	 
	 Term of Loan:

 
	  	 
	 	 
	 Loan will be used to repay a Loan maturing on the
Utilisation Date?
  
	  	Yes/No [delete one]

 [Bank Guarantee Facility. Delete the table below if the Utilisation Request does not relate to this Facility.] 

 

			
	 	 
	 Type of Bank Guarantee:

 
	  	 
	 	 
	 Beneficiary:

 
	  	 
	 	 
	 Face amount and currency:

 
	  	 

  
 21 

			
	 	 
	 Purpose:

 
	  	 
	 	 
	 Principal Obligations:

 
	  	 
	 	 
	 Expiry date:

 
	  	 
	 	 
	 Jurisdiction under whose laws the Bank Guarantee
will be governed:
  
	  	 
	 	 
	 Form of Bank Guarantee:

 
	  	As attached to this Utilisation Request.
	 	 
	 Underlying contract/agreement:

 
	  	 
	 	 
	 Delivery instructions [if
any]:
  
	  	 
	 	 
	 Other particulars [if
any]
  
	  	 

 [Other Facility: Set out Accommodation Particulars required to be specified, if any.] 

 

	4.	 We confirm that each condition specified in clause 3.2 (Further conditions precedent) is satisfied on
the date of this Utilisation Request[ except as described in the notice dated [            ] given to you, a copy of which is attached]. 

 

	5.	 This Utilisation Request is irrevocable. 

Yours faithfully 
  

	
	
	   

	
	Authorised Officer for [Name of relevant Borrower]
	
	Name:
	
	Title:

  
 22 

 SCHEDULE 3 

Reallocation Request 
 From:
[Borrower] 
 To: Commonwealth Bank of Australia 

Dated: 
 Dear Sirs 

Multi-Option Facility Agreement dated [    ] (the Agreement) 

Reallocation Request 
  

	1.	 We refer to the Agreement. This is a Reallocation Request. Terms defined in the Agreement have the same meaning
in this Reallocation Request unless given a different meaning in this Reallocation Request. 

  

	2.	 Pursuant to clause 2.3 (Reallocation) of the Agreement, we request that the Facility Accommodation
Limits of the Multi-Option Facilities be reallocated as follows: 

  

					
	 Facility
	  	Facility Accommodation Limit	 
	 Cash Advance Facility
	  	$	                     	 
	 Bank Guarantee Facility
	  	$	 	 
	 Group Limit Facility
	  	$	 	 
	 Corporate Card Facility
	  	$	 	 

  

	3.	 We confirm that no Event of Default or Potential Event of Default is continuing or would result from the
acceptance of this request. 

  

	4.	 This Reallocation Request is irrevocable. 

Yours faithfully 

	
	
	   

	Authorised Officer for [Name of relevant Borrower]
	Name:
	Title:

  
 23 

 SCHEDULE 4 

Form of Accession Letter 
 To: Commonwealth
Bank of Australia 
 From: [Subsidiary] 
 Dated: 

Dear Sirs 
 Foxtel Management Pty
Limited—Multi-Option Facility Agreement 
 dated [            ] (the
Agreement) 
  

	5.	 We refer to the Agreement. This is an Accession Letter. Terms defined in the Agreement have the same meaning in
this Accession Letter unless given a different meaning in this Accession Letter. 

  

	6.	 [Subsidiary] agrees to become an Additional Borrower and to be bound by the terms of the Agreement as an
Additional Borrower pursuant to clause 11.1 (Additional Borrowers) of the Agreement. [Subsidiary] is a company duly incorporated under the laws of Australia. 

 

	7.	 [Subsidiary’s] administrative details are as follows: 

Address: 
 Fax No: 

Attention: 
  

	8.	 This Accession Letter is governed by New South Wales law. 

[Subsidiary] 

  
 24 

 SCHEDULE 5 

Form of Resignation Letter 
 To:
[Lender] 
 From: [resigning Borrower] and [a current Borrower] 

Dated: 
 Dear Sirs 

Multi-Option Facility Agreement 

dated [            ] (the Agreement) 

 

	1.	 We refer to the Agreement. This is a Resignation Letter. Terms defined in the Agreement have the same meaning
in this Resignation Letter unless given a different meaning in this Resignation Letter. 

  

	2.	 Pursuant to clause 11.2 (Resignation of a Borrower), we request that [resigning Borrower] be released
from its obligations as a Borrower under the Agreement. 

  

	3.	 We confirm that no Event of Default or Potential Event of Default is continuing or would result from the
acceptance of this request. 

  

	4.	 This Resignation Letter is governed by the laws of New South Wales. 

 

			
	 [Resigning Borrower]
	  	[a current Borrower]
		
	 By:
	  	By:

  
 25 

 PART C—ANNEXURES 

ANNEXURE A 
 Cash Advance
Facility 
  

	1.	 Definitions 

In this Facility Annexure the following terms have the following meanings, unless a contrary intention appears: 

Accommodation Particulars means the particulars required under clause 2 of this Facility Annexure to be specified in a Utilisation
Request for the Cash Advance Facility. 
 Applicable Rate means, in respect of an Interest Period, the rate per annum equal to the
aggregate of the Bank Bill Rate and the applicable Margin. 
 Bank Bill Rate means in relation to any Loan in Australian dollars: 

 

	 	(a)	 the applicable Screen Rate as of the Specified Time for Australian dollars and for a period equal in length to
the Interest Period of that Loan; or 

  

	 	(b)	 as otherwise determined pursuant to clause 5 (Unavailability of Screen Rate) of this Facility Annexure,

 and if, in either case, that rate is less than zero, the Bank Bill Rate shall be deemed to be zero. 

Cash Advance Facility means the facility under which the Lender agrees to provide Loans in Australian dollars up to the Facility
Accommodation Limit to the Borrowers as set out in this document. 
 Interest Period means, in relation to any Loan, a period
equivalent to the term of that Loan as specified in the Utilisation Request for that Loan. 
 Interpolated Screen Rate means, in
relation to any Loan, the rate (rounded to the same number of decimal places as the two relevant Screen Rates) which results from interpolating on a linear basis between: 
  

	 	(a)	 the applicable Screen Rate for the longest period (for which that Screen Rate is available) which is less than
the Interest Period of that Loan; and 

  

	 	(b)	 the applicable Screen Rate for the shortest period (for which that Screen Rate is available) which exceeds the
Interest Period of that Loan, 

 each as of the Specified Time for Australian dollars. 

Loan means the principal amount drawn or proposed to be drawn by a Borrower under a Utilisation Request for the Cash Advance Facility
or, as appropriate, the principal amount outstanding for the time being of that loan. 
 Maturity Date means, In respect of a Loan,
the last day of the term of that Loan as specified in the Utilisation Request for that Loan. 
 Outstanding Accommodation means, on
any day, the aggregate amount of all Loans provided by the Lender which are still outstanding or in respect of which the Lender has not been repaid that day. 

  
 26 

 Overdue Rate means the rate equal to the aggregate of the Applicable Rate and 2.00% per
annum. 
 Screen Rate means the Australian Bank Bill Swap Reference Rate (Bid) administered by ASX Benchmarks Pty Limited (or any
other person which takes over the administration of that rate) for the relevant period and displayed on page BBSY of the Thomson Reuters Screen (or any replacement Thomson Reuters page which displays that rate). If such page or service ceases to be
available, the Lender may specify another page or service displaying the relevant rate after consultation with the Company. 
 Specified
Time means, in relation to any period for which an interest rate is to be determined, the first day of the relevant period as of 10:30 am Sydney time. 

Utilisation means each utilisation of the Cash Advance Facility as provided for in this Facility Annexure. 

Capitalised terms or phrases which are used in this Facility Annexure but not defined in this clause have the meanings given to them in the
Master Agreement to which this Facility Annexure is attached. 
  

	2.	 Accommodation Particulars 

The Accommodation Particulars to be specified in the Utilisation Request are: 

 

	 	(a)	 the principal amount of each Loan, which must be a minimum of AUD1,000,000 and thereafter a whole multiple of
AUD1,000,000, unless otherwise agreed by the Lender; 

  

	 	(b)	 the term of each Loan, being one, two, three or six months (or such other term as the Lender may agree), the
Maturity Date of which must be a Business Day within the Availability Period; and 

  

	 	(c)	 whether the Loan is to be used for the purpose of repaying a Loan maturing on the Utilisation Date, in which
case the principal amount of the Loan must be equal to the principal amount of the maturing Loan. 

  

	3.	 Repayment of Loans 

 

	 	(a)	 Each Borrower which has drawn a Loan must repay that Loan on its Maturity Date, together with interest
determined in accordance with clause 4 (Interest) of this Facility Annexure. 

  

	 	(b)	 Without prejudice to each Borrower’s obligation under paragraph (a) above, if a Loan is to be made
available to a Borrower: 

  

	 	(i)	 on the same day that a maturing Loan is due to be repaid by that Borrower;and 

 

	 	(ii)	 for the purpose of refinancing the maturing Loan. 

the aggregate amount of the new Loan shall be treated as if having been made available and applied by the Borrower in or towards repayment of
the maturing Loan so that the relevant Borrower will not be required to make a payment. 
  

	4.	 Interest 

The Borrower must pay interest at the Applicable Rate on the outstanding amount of each Loan in arrears on its Maturity Date (or at such other
times or intervals as the Lender may require if the term of the Loan is in excess of 6 months). Interest accrues daily and will be calculated for the term of each Loan on the basis of a 365 day year. 

  
 27 

	5.	 Unavailability of Screen Rate 

 

	 	(a)	 If no Screen Rate is available for the Bank Bill Rate for the Interest Period of a Loan, the applicable Bank
Bill Rate shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan, except where the Interest Period is less than the shortest period published for the Bank Bill Rate, in which case it will be the Bank
Bill Rate for the shortest period published for the Bank Bill Rate. 

  

	 	(b)	 If no Screen Rate is available for the Bank Bill Rate for the Interest Period of a Loan and it is not possible
to calculate the Interpolated Screen Rate or other rate under paragraph (a), there shall be no Bank Bill Rate for that Loan and clause 7 (Cost of funds) of this Facility Annexure shall apply to that Loan for the Interest Period.

  

	6.	 Market disruption 

If before 5pm on the Business Day after the first day for the relevant Interest Period the relevant Borrower receives notification from the
Lender that as a result of market circumstances not limited to it, the cost to it of funding the Loan from whatever source it may reasonably select would be in excess of the Bank Bill Rate, then clause 7 (Cost of funds) of this
Facility Annexure shall apply to the Loan for the relevant Interest Period. 
  

	7.	 Cost of funds 

If this clause 7 applies, the rate of interest on the Loan for the relevant Interest Period shall be the percentage rate per annum which is the
sum of: 
  

	 	(a)	 the Margin; and 

  

	 	(b)	 in the circumstances described in clause 5 (Unavailability of Screen Rate) of this
Facility Annexure or clause 6 (Market disruption) of this Facility Annexure, the rate notified to the relevant Borrower by the Lender to be that which expresses as a percentage rate per annum, the cost to the Lender of funding
that Loan from whatever source it may reasonably select. That rate is to be notified as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period. 

  
 28 

 ANNEXURE B 

Bank Guarantee Facility 
  

	1.	 Definitions and interpretation 

 

	 	(a)	 In this Facility Annexure the following meanings apply, unless a contrary intention appears:

 Accommodation Particulars means the particulars required under clause 3 of this Facility Annexure to be specified
in Utilisation Request for the Bank Guarantee Facility. 
 Bank Guarantee Facility means the facility under which the Lender agrees to
issue or make available Bank Guarantees to the Borrowers with an aggregate face value up to the Facility Accommodation Limit as set out in this document. 

Beneficiary means the beneficiary or favouree under a Bank Guarantee. 

Outstanding Accommodation means, in respect of the Bank Guarantee Facility and on any date, the aggregate face amount of each Bank
Guarantee (less any amounts which have been repaid in respect of a Bank Guarantee). 
 Principal Obligations means the obligations of
the Borrower to the beneficiary in respect of which a Bank Guarantee is issued. 
 Utilisation means each utilisation of the Bank
Guarantee Facility as provided for in this Facility Annexure. 
 Capitalised terms or phrases which are used in this Facility Annexure but
not defined in this clause have the meanings given to them in the Master Agreement to which this Facility Annexure is attached. 
  

	 	(b)	 Unless a contrary intention appears, any reference in this Facility Annexure or in this document to:

  

	 	(i)	 a Utilisation made or to be made to a Borrower includes a Bank Guarantee issued on its behalf;

  

	 	(ii)	 a Borrower repaying or prepaying a Bank Guarantee means: 

 

	 	(A)	 that Borrower providing cash cover for that Bank Guarantee; 

 

	 	(B)	 that Borrower making a payment in respect of, or reimbursing an amount paid by the Lender under, the Bank
Guarantee, in either case under clause 5(a) or (b) (Payment by Borrower) of this Facility Annexure; 

  

	 	(C)	 the maximum amount payable under the Bank Guarantee being reduced or cancelled in accordance with its terms;

  

	 	(D)	 the Bank Guarantee being returned to the Lender; 

 

	 	(E)	 the Lender being satisfied that it has no further liability under that Bank Guarantee; or

  

	 	(F)	 the Lender receiving in its favour a
back-to-back letter of credit, bank guarantee or similar from a bank which, along with the terms (including fees and identity of the issuer) of such letter of
credit,bank guarantee or similar instrument, is acceptable to the Lender in its absolute discretion, 

  
 29 

 and the amount by which a Bank Guarantee is repaid or prepaid under subparagraphs (A), (B), (C)
and (F) above is the amount of the relevant cash cover, payment, reimbursement, reduction or cancellation. When under this document a Borrower is obliged to repay or prepay a Bank Guarantee, it must: 

 

	 	(A)	 provide cash cover for the outstanding amount of the Bank Guarantee (less the total amount paid by the Lender
under the Bank Guarantee); and 

  

	 	(B)	 pay under clause 5(a) or (b) (Payment by Borrower) of this Facility Annexure an amount equal to the
total amount paid by the Lender under the Bank Guarantee, 

 except to the extent that the amount of the Bank Guarantee
has been repaid or prepaid by another means. 
  

	 	(iii)	 an amount borrowed includes any amount utilised by way of Bank Guarantee; 

 

	 	(iv)	 amounts outstanding under this document include amounts outstanding under or in respect of any Bank Guarantee;

  

	 	(v)	 an outstanding amount of a Bank Guarantee at any time is the maximum amount that is or may be payable by the
relevant Borrower in respect of that Bank Guarantee at that time; 

  

	 	(vi)	 a Borrower’s obligation on Utilisations becoming due and payable includes the Borrower repaying any
Bank Guarantee in accordance with subparagraph (ii) above. 

  

	 	(vii)	 a Borrower providing cash cover for a Bank Guarantee means a Borrower paying an amount in the currency
of the Bank Guarantee to an account in the name of the Borrower (whether or not interest bearing) and the following conditions being met; 

  

	 	(A)	 the account is with the Lender; 

 

	 	(B)	 until no amount is or may be outstanding under that Bank Guarantee, withdrawals from the account may only be
made to pay the Lender amounts due and payable to it under this document in respect of that Bank Guarantee, or otherwise as agreed in writing by the Lender; 

  

	 	(C)	 the Borrower shall be entitled to accrued interest on the cash cover; and 

 

	 	(D)	 if the Lender, requests it, the Borrower has executed a security document, in form and substance satisfactory
to the Lender, creating a first ranking security interest over that account. 

  

	 	(c)	 Unless the Lender otherwise agrees, the Facility Accommodation Limit for the Bank Guarantee Facility will be
calculated ignoring any cash cover provided for outstanding Bank Guarantees. 

  
 30 

	2.	 Facility Documentation 

 

	 	(a)	 The relevant Borrower must execute such documents (including without limitation in respect of Bank Guarantees
which are to be cash covered, an account set off in the Lender’s usual form) as are required by the Lender before each Utilisation of the Bank Guarantee Facility. 

 

	 	(b)	 All Facility Documentation pursuant to which Accommodation under the Bank Guarantee Facility is to be provided
must conform, in form and substance, to the Lender’s standard documentation for the provision of such Accommodation. 

  

	 	(c)	 The form, the Principal Obligations and the Beneficiary of each Bank Guarantee must be acceptable to the
Lender. 

  

	3.	 Accommodation Particulars 

 

	 	(a)	 The Accommodation Particulars to be specified in the Utilisation Request are: 

 

	 	(i)	 the type of Bank Guarantee requested by the relevant Borrower; 

 

	 	(i)	 the type of Bank Guarantee requested by the relevant Borrower; 

 

	 	(ii)	 the Beneficiary; 

  

	 	(iii)	 the face amount and currency (which must be the Base Currency); 

 

	 	(iv)	 the purpose and the Principal Obligations; 

 

	 	(v)	 the expiry date (which must be a date within the Availability Period of the Facility unless otherwise agreed by
the Lender); 

  

	 	(vi)	 the jurisdiction under whose laws the Bank Guarantee will be governed (which must be an Australian State and
must be specified in the Bank Guarantee); 

  

	 	(vii)	 the form of the Bank Guarantee (which must be in such form as the Lender requires and include the minimum
requirements set out in paragraph (c), unless otherwise agreed in writing by the Lender); 

  

	 	(viii)	 the underlying contract or agreement in respect of which the Bank Guarantee is to be issued is specified (if
applicable); 

  

	 	(ix)	 the delivery instructions for the Bank Guarantee (if applicable); and 

 

	 	(x)	 any other particulars required to establish that Bank Guarantee. 

 

	 	(b)	 The face amount of the Bank Guarantee must not be more than the Facility Accommodation Limit for the Bank
Guarantee Facility. 

  

	 	(c)	 The minimum requirements for the form of the Bank Guarantee are as follows: 

 

	 	(i)	 It must have a maximum aggregate liability; 

 

	 	(ii)	 It must permit early termination by the Lender by the payment of money; 

 

	 	(iii)	 It should contain no other obligation on the Lender other than the payment of money; 

 

	 	(iv)	 It should be payable at the Facility Office of the Lender; 

 

	 	(v)	 It must be payable on a Business Day; 

  
 31 

	 	(vi)	 There should be a clear statement as to the circumstances under which payment is to be made and to whom payment
should be made; and 

  

	 	(vii)	 There should be a non-assignment clause. 

 

	4.	 Authority to make payment 

 

	 	(a)	 The relevant Borrower irrevocably authorises the Lender to immediately pay any amount demanded by a Beneficiary
at any time pursuant to a Bank Guarantee and to make any payment under clause 8 (Voluntary Payout) of the Facility Annexure (in this Facility Annexure, each a claim). 

 

	 	(b)	 The Lender need not: 

 

	 	(i)	 first refer to the relevant Borrower or obtain its authority for the payment; 

 

	 	(ii)	 enquire whether a demand has been properly made; 

 

	 	(iii)	 enquire as to the validity, genuineness or accuracy of any statement, certificate or other document issued in
relation to a claim; or 

  

	 	(iv)	 carry out any investigation or seek any confirmation from any other person before making the payment.

  

	 	(c)	 The relevant Borrower acknowledges that the Lender: 

 

	 	(i)	 may make payments under a Bank Guarantee by any means that it determines; 

 

	 	(ii)	 may make any payments under a Bank Guarantee despite any direction by the Borrower to the Lender not to pay,
any dispute between the Borrower and the Lender as to the Lender’s obligation to pay, any dispute between the Borrower and the Beneficiary or any claim by the Borrower that a claim under the Bank Guarantee is not valid; 

 

	 	(iii)	 may refuse to make a payment under a Bank Guarantee (in its absolute discretion) where it considers that a
claim under, or any other document presented under the Bank Guarantee does not comply with the terms of the Bank Guarantee; and 

  

	 	(iv)	 deals in documents only and will not be concerned with the legality of a claim or any underlying transaction or
any available set-off, counterclaim or other defence of any person. 

  

	5.	 Payment by Borrower 

 

	 	(a)	 The relevant Borrower must pay the Lender all amounts paid or required to be paid by the Lender under:

  

	 	(i)	 a Bank Guarantee; or 

 

	 	(ii)	 clause 8 (Voluntary Payout) of this Facility Annexure, 

on the day on which the Lender makes or is required to make that payment (and if that Borrower does not do so, interest shall accrue on those
amounts from that date up to the actual date of payment in accordance with clause 6.2 (Default interest) of the Master Agreement). 

  
 32 

	 	(b)	 Without prejudice to the relevant Borrower’s obligation under paragraph 5(a), that Borrower shall
immediately on demand indemnify the Lender against any cost, loss or liability incurred by the Lender (otherwise than by reason of the Lender’s gross negligence or wilful misconduct) in acting as the Lender under any Bank Guarantee requested by
that Borrower (including as a result of the Lender making a payment under clause 8 (Voluntary Payout) of this Facility Annexure). 

  

	6.	 Borrower’s unconditional obligations 

 

	 	(a)	 The Borrowers’ obligations under clause 5 (Payment by Borrower) of this Facility
Annexure are absolute and unconditional and not subject to any reduction, termination or other impairment by any set off, deduction, counterclaim, agreement, defence, suspension, deferment or otherwise. 

 

	 	(b)	 The Borrowers’ liability under this clause is not affected by any circumstance, act or omission which, but
for this subclause, might otherwise affect its liability at law or in equity, including: 

  

	 	(i)	 any falsity, inaccuracy, non-conformity, insufficiency or forgery of or
in any demand, certificate, declaration or other document that on its face purports to be signed or authorised under a Bank Guarantee; 

  

	 	(ii)	 any failure by the Lender to enquire whether a communication, demand or other document under a Bank Guarantee
has been inaccurately transmitted or received, or has been signed or sent by an unauthorised person; 

  

	 	(iii)	 the impossibility or illegality of performance of or any invalidity of or affecting any MOF Finance Document,
the Principal Obligations intended to be secured by a Bank Guarantee or any other agreement, document or transaction; 

  

	 	(iv)	 any act of a Government Agency, court, arbitral body, agency, authority or any person affecting the terms of
any MOF Finance Document, the Principal Obligations intended to be secured by a Bank Guarantee or any other document or transaction; 

  

	 	(v)	 the application of any law or regulation affecting any Bank Guarantee; 

 

	 	(vi)	 any failure to obtain an Authorisation required or desirable in connection with this document or any Bank
Guarantee, or any incapacity of, or limitation on the powers of, any person signing a claim or other document; or 

  

	 	(vii)	 anything else (foreseen or unforeseen), whether or not similar to any of the above, that affects any MOF
Finance Document, the Principal Obligations intended to be secured by a Bank Guarantee or any other agreement, document or transaction. 

  

	 	(c)	 The Lender is not obliged to enquire into any of the matters mentioned in paragraphs (a) and (b) of this
clause. 

  

	7.	 Expiring Bank Guarantees 

An amount equal to the amount of each Bank Guarantee which, before the end of the Availability Period, is repaid in full or expires without
being called on or which is called on and paid by the relevant Borrower to the Lender in accordance with clause 5 (Payment by Borrower) of this Facility Annexure will again be available for utilisation in accordance with the
terms of this document. 

  
 33 

	8.	 Voluntary Payout 

If an Event of Default is continuing, the Lender may discharge its liability under a Bank Guarantee at any time by paying to the Beneficiary
the outstanding amount of the Bank Guarantee or any lesser amount specified by the Beneficiary. The Lender may debit any account of the relevant Borrower with the amount so paid. 

 

	9.	 Illegality 

  

	 	(a)	 Without limiting clause 8 (Voluntary Payout) of this Facility Annexure, if any Change of Law or other
event makes it illegal for the Lender to perform its obligations under any Bank Guarantee or maintain financial accommodation or commitment under the Bank Guarantee Facility, the Lender may following notice to the Borrowers, discharge its liability
under a Bank Guarantee at any time on and from the date which is 40 Business Days after the date on which the Lender gives notice or any earlier date required by, or to comply with, the applicable law, by paying to the Beneficiary the outstanding
amount of the Bank Guarantee or any lesser amount specified by the Beneficiary. The Lender may debit any account of the Borrower with the amount so paid. 

  

	 	(b)	 A notice to a Borrower under clause 19(a) of this Facility Annexure is irrevocable. 

 

	 	(c)	 If requested by a Borrower, the Lender must transfer its participation under the Bank Guarantee Facility, on
terms and conditions satisfactory to the Lender (acting reasonably), to a person proposed by the relevant Borrower. 

  

	10.	 Illegality in relation to Bank Guarantees 

If it becomes unlawful (or impossible as a result of a change in law or regulation) for the Lender to issue or leave outstanding any Bank
Guarantee, then: 
  

	 	(a)	 the Lender shall promptly notify the Company upon becoming aware of that event; 

 

	 	(b)	 upon the Lender notifying the Company, the Lender shall not be obliged to issue any Bank Guarantee;

  

	 	(c)	 each Borrower shall use its best endeavours to procure the release of each Bank Guarantee issued by the Lender
and outstanding at such time on or before the date specified by the Lender in the notice delivered to the Company (being no earlier than the last day of any applicable grace period permitted by law); and 

 

	 	(d)	 the Bank Guarantee Facility shall cease to be available for the issue of Bank Guarantees.

  

	11.	 UCP600 

None of the foregoing provisions shall operate so as to modify rights and obligations of the Lender and a Borrower under Uniform Customs and
Practice for Documentary Credits (2007 Revision) International Chamber of Commerce Brochure Number 600 (known as UCP600). 
  

	12.	 Existing Bank Guarantees 

Each Bank Guarantee specified below has been issued or is deemed to be issued by the Lender at the request of the relevant Borrower under the
Bank Guarantee Facility. 

  
 34 

 CUSTOMER STATUS REPORT AS AT 13/06/2017 11:39 

CUSTOMER - FOXTEL MANAGEMENT PTY LTD 

CUSTOMER NUMBER - 00252021 
  

																					
	FAVOUREE	  	LAIBILITY NUMBER	 	  	ISSUE DATE	 	  	EXPIRY DATE	 	  	CURR	 	  	LAIBILITY AMOUNT	 
	 ACPP Office Pty Ltd
	  	 	G1 00218868	 	  	 	14/04/2005	 	  	 	31/03/2018	 	  	 	AUD	 	  	$	678,067.69	 
	 ACPP Office Pty Limited
	  	 	G3 00226185	 	  	 	04/07/2005	 	  	 	31/03/2019	 	  	 	AUD	 	  	$	1,896,017.26	 
	 ACPP Office Pty Ltd
	  	 	G1 00227332	 	  	 	19/07/2005	 	  	 	31/03/2018	 	  	 	AUD	 	  	$	440,000.00	 
	 Investa Properties Limited
	  	 	G3 00237296	 	  	 	28/11/2005	 	  				  	 	AUD	 	  	$	30,360.00	 
	 Highpoint Shopping Centres Pty Limited
	  	 	G3 00244472	 	  	 	13/03/2006	 	  				  	 	AUD	 	  	$	15,000.00	 
	 TRUST COMPANY LIMITED ABN 59 004 027 749
	  	 	G3 00295885	 	  	 	09/01/2008	 	  				  	 	AUD	 	  	$	149,248.58	 
	 WESTFIELD MANAGEMENT LTD AS RESPONSIBLE ENTITY OF
	  	 	G3 00344376	 	  	 	10/12/2009	 	  				  	 	AUD	 	  	$	17,847.92	 
	 Trust Company of Australia
	  	 	G3 00381020	 	  	 	17/03/2011	 	  				  	 	AUD	 	  	$	2,586,816.41	 
	 COLONIAL FIRST STATE ASSET MANAGEMENT PTY LIMITED
	  	 	G3 00430683	 	  	 	12/11/2012	 	  				  	 	AUD	 	  	$	178,219.26	 
	 AUSTRALIAN EXECUTOR TRUSTEES LIMITED
	  	 	G3 00511281	 	  	 	05/06/2015	 	  	 	31/03/2024	 	  	 	AUD	 	  	$	1,000,000.00	 
	 THE TRUST COMPANY LIMITED
	  	 	G3 00513332	 	  	 	01/07/2015	 	  				  	 	AUD	 	  	$	239,886.98	 
	 Scentre Management Limited ACN 001 670 579
	  	 	G3 00518634	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	46,393.96	 
	 Eastgardens Pty Ltd ACN 002 365 326
	  	 	G3 00518635	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	36,878.96	 
	 Scentre Custodian Pty Limited
	  	 	G3 00518636	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	29,489.90	 
	 Kent Street Pty Limited ACN 006 794 654 AND Scent
	  	 	G3 00518637	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	27,295.04	 
	 Perpetual Trustee Company Limited ACN 000 001 007
	  	 	G3 00518638	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	35,757.34	 
	 Stonehenge Pty Limited ACN 095 084 674
	  	 	G3 00518639	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	26,928.32	 
	 Scentre Management Limited ACN 001 670 579 AND REt
	  	 	G3 00518640	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	25,828.36	 
	 P.T. Limited ACN 004 454 666
	  	 	G3 00518641	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	28,328.30	 
	 P.T. Limited ACN 004 454 666 AND Doncaster Shoppin
	  	 	G3 00518642	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	44,927.30	 
	 P.T. Limited ACN 004 454 666 as constructive trust
	  	 	G3 00518643	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	32,428.36	 
	 Perron Investments Pty Ltd ACN 000 003 976 AND See
	  	 	G3 00518644	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	24,361.92	 
	 Scentre Management Limited ACN 001 670 579 AND SAS
	  	 	G3 00518646	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	36,645.08	 
	 Ventana Pty Limited ACN 008 586 543
	  	 	G3 00518647	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	36.550.48	 
	 Scentre Management Limited ACN 001 670 579 as resp
	  	 	G3 00518648	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	33,345.62	 
	 Scentre Management Limited ACN 001 670 579 as resp
	  	 	G3 00518649	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	33,161.70	 
	 Scenlre Management Limited ACN 001 670 579 as resp
	  	 	G3 00518650	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	32,061.70	 
	 PT Limited ACN 004 454 666 as custodian of the See
	  	 	G3 00518652	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	 	38,685.06	 
	 PT Limited ACN 004 454 666 as custodian of the See
	  	 	G3 00518653	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	5,907.32	 
	 Tea Tree Plaza Nominees Pty Limited ACN 008 586 45
	  	 	G3 00518664	 	  	 	26/08/2015	 	  				  	 	AUD	 	  	$	5,148.23	 
	 CENTRE MANAGEMENT LIMITED ACN 001 670 579 AND RE1
	  	 	G3 00532989	 	  	 	25/02/2016	 	  				  	 	AUD	 	  	$	23,455.70	 
	 MIRVAC FUNDS LIMITED ACN 002 561 640
	  	 	G3 00568068	 	  	 	11/05/2017	 	  	 	30/06/2021	 	  	 	AUD	 	  	$	1,270.637.17	 
	 DARWIN CITY COUNCIL
	  	 	G3 00031420	 	  	 	13/06/1996	 	  				  	 	AUD	 	  	$	50,000.00	 
	 DEPARTMENT OF TRANSPORT & WORKS - NORTH TERRITORY
	  	 	G3 00031564	 	  	 	10/07/1996	 	  				  	 	AUD	 	  	 	10,000.00	 
	 DEPARTMENT OF TRANSPORT & WORKS - NORTH TERRITORY
	  	 	G3 00031565	 	  	 	10/07/1996	 	  				  	 	AUD	 	  	$	15,000.00	 
	 PALMERSTON TOWN COUNCIL
	  	 	G3 00031976	 	  	 	23/08/1996	 	  				  	 	AUD	 	  	$	20,000.00	 
	 PALMERSTON TOWN COUNCIL
	  	 	G3 00031977	 	  	 	23/08/1996	 	  				  	 	AUD	 	  	$	20,000.00	 
	 PALMERSTON TOWN COUNCIL
	  	 	G3 00031978	 	  	 	23/08/1996	 	  				  	 	AUD	 	  	$	20,000.00	 
	 PALMERSTON TOWN COUNCIL
	  	 	G3 00031979	 	  	 	23/08/1996	 	  				  	 	AUD	 	  	$	13,000.00	 
	 PALMERSTON TOWN COUNCIL
	  	 	G3 00031980	 	  	 	23/08/1996	 	  				  	 	AUD	 	  	$	13,000.00	 
	 PALMERSTON TOWN COUNCIL
	  	 	G3 00031981	 	  	 	35300	 	  				  	 	AUD	 	  	$	14.000.00	 
		  				  				  				  				  	  
	  
	 
		  				  				  				  				  	$	9,280,659.92	 
		  				  				  				  				  	  
	  
	 

  
 35 

 ANNEXURE C 

Corporate Card Facility 
  

	1.	 Definitions 

In this Facility Annexure the following meanings apply, unless a contrary intention applies. 

Applicable Facility Conditions means the Lender’s current terms and conditions for Corporate Card Facilities as amended or replaced
from time to time. 
 Corporate Card Facility means the facility under which the Lender agrees to make available Accommodation to the
Borrowers by way of corporate credit cards up to the Facility Accommodation Limit as set out in this document. 
 Facility Conditions
Precedent means compliance with each item set out in clause 2 (Facility Conditions Precedent) of this Facility Annexure. 

Outstanding Accommodation means, on any day, the aggregate of all amounts owing, due or payable under the Corporate Card Facility on
such date, as determined by the Lender in accordance with its usual practices. 
 Utilisation means each utilisation of the Facility
as provided for in this Facility Annexure. 
  

	2.	 Facility Conditions Precedent 

 

	 	(a)	 The relevant Borrower must execute such Facility Documentation as is required by the Lender before each
Utilisation of the Corporate Card Facility. 

  

	 	(b)	 All Facility Documentation pursuant to which Accommodation under the Corporate Card Facility is to be provided
must conform, in form and substance, to the Lender’s standard documentation applicable for the provision of such Accommodation. 

  

	 	(c)	 Any conditions precedent to the provision of Accommodation under the Corporate Card Facility contained in such
Facility Documentation are Facility Conditions Precedent. 

  

	3.	 No Utilisation Request required 

Despite anything else in this document, no Utilisation Request is required in respect of any proposed Utilisation of the Corporate Card
Facility. 
  

	4.	 Utilisation and Facility Accommodation Limit 

 

	 	(a)	 Subject to the Facility Documentation and the provisions of this document, the Lender may provide Accommodation
under the Corporate Card Facility in such form as the Lender determines. 

  

	 	(b)	 If there is a conflict between the provisions of this document and the provisions of any Facility
Documentation, then the provisions of this document apply unless otherwise agreed between the Lender and the Company. 

  

	 	(c)	 The Facility Accommodation Limit applies in relation to all corporate credit card finance provided under the
Corporate Card Facility. In addition each corporate credit card will be subject to a separate sub-limit determined by the Lender. 

  
 36 

	5.	 Prepayment 

Despite clause 5,4 (Voluntary prepayment) of the Master Agreement: 

 

	 	(a)	 a Borrower is not required to give notice to the Lender before prepaying any part of the Outstanding
Accommodation; 

  

	 	(b)	 no minimum amount or multiple is required for such prepayment; 

 

	 	(c)	 any amount prepaid will be available to a Borrower by way of fresh Utilisations; and 

 

	 	(d)	 no amounts will be payable in respect of break costs in relation to such prepayment. 

 

	6.	 Repayment and Cancellation 

Despite anything else in this document: 
  

	 	(a)	 the relevant Borrower must pay the Outstanding Accommodation in respect of the Corporate Card Facility on
demand by the Lender; 

  

	 	(b)	 the Lender may by notice to the Company, cancel any obligation of the Lender to provide any further
Accommodation under the Corporate Card Facility; and 

  

	 	(c)	 the Lender may make a demand or give a notice of cancellation, or do both, at any time in its absolute
discretion. 

  
 37 

 ANNEXURE D 

Group Limit Facility 
  

	1.	 Definitions 

In this Facility Annexure the following meanings apply, unless a contrary intention applies. 

Applicable Facility Conditions means the Lender’s current terms and conditions for Group Limit Facilities as amended or replaced
from time to time. 
 Cap Limit has the meaning given to that term in Part 4 of the Facility Particulars. 

Group Limit has the meaning given to that term in Part 4 of the Facility Particulars. 

Group Limit Facility means the facility under which the Lender agrees to make available AUD denominated overdraft Accommodation to the
Borrowers up to the Facility Accommodation Limit, through a number of accounts which the Lender is entitled to treat as a single account, as set out In this document. 

Outstanding Accommodation means, on any day, the aggregate of all amounts owing, due or payable under the Group Limit Facility (whether
actual, contingent or otherwise) on such date, as determined by the Lender in accordance with its usual practices. 
 Utilisation
means each utilisation of the Group Limit Facility as provided for in this Facility Annexure, 
 Capitalised terms or phrases which are
used in this Facility Annexure but not defined in this clause have the meanings given to them in the Master Agreement to which this Facility Annexure is attached. 
  

	2.	 Facility Documentation 

All Facility Documentation pursuant to which Accommodation under the Group Limit Facility is to be provided must conform, in form and
substance, to the Lender’s standard documentation applicable for the provision of such Accommodation. The Lender acknowledges that on the date of this document all Facility Documentation required by the Lender has been executed and conforms, in
form and substance, to the Lender’s standard documentation applicable for the provision of such Accommodation. 
  

	3.	 No Utilisation Request required 

Despite anything else in this document, no Utilisation Request is required in respect of any proposed Utilisation of the Group Limit Facility.

  

	4.	 Utilisations 

  

	 	(a)	 Subject to the Facility Documentation and the provisions of this document, the Lender will provide Utilisations
under the Group Limit Facility. 

  

	 	(b)	 If there is a conflict between the provisions of this document and any Facility Documentation, then the
provisions of this document apply unless otherwise agreed between the Lender and the Company. 

  

	 	(c)	 Any references in the Applicable Facility Conditions to the “Schedule” shall be deemed to be
references to Part 4 of the Facility Particulars, unless otherwise agreed between the Borrowers and the Lender. This does not affect the right of the Lender to issue replacement or supplemental “Schedules” in accordance with the Applicable
Facility Conditions. 

  
 38 

	5.	 Variation of limits 

Despite any other provision of this document, the Lender may at any time in its absolute discretion cancel or vary the Cap Limit or the Group
Limit for the Facility. 
  

	6.	 Repayment and cancellation 

Despite any other provision of this document: 
  

	 	(a)	 the relevant Borrower must pay the Outstanding Accommodation in respect of the Group Limit Facility on demand
by the Lender; 

  

	 	(b)	 the Lender may also, by notice to the Company, cancel any obligation of the Lender to provide any further
Accommodation under the Group Limit Facility; and 

  

	 	(c)	 the Lender may make a demand or give a notice of cancellation, or do both, at any time in its absolute
discretion. 

  
 39EX-10.24

 Exhibit 10.24 
  

 
 Common Terms Deed Poll 

FOXTEL Management Pty Ltd 
 Each
party listed in Schedule 1 
 Allens Arthur Robinson 

Level 28 
 Deutsche Bank Place

 Corner Hunter and Phillip Streets 

Sydney NSW 2000 
 Tel +61 2 9230 4000

 Fax +61 2 9230 5333 

www.aar.com.au 
 © Copyright
Allens Arthur Robinson, Australia 2012 

			
	Common Terms Deed Poll	  	

  

									
	 Table of Contents
	  			
			
	1.	  	Definitions and interpretation	  	 	1	 
		  	1.1	  	Definitions	  	 	1	 
		  	1.2	  	Interpretation	  	 	13	 
		  	1.3	  	Inclusive expressions	  	 	15	 
		  	1.4	  	Business Day	  	 	15	 
		  	1.5	  	Accounting Standards	  	 	15	 
		  	1.6	  	Common terms	  	 	16	 
		  	1.7	  	FOXTEL Agent	  	 	16	 
		  	1.8	  	Limited Recourse to the Partners	  	 	16	 
			
	2.	  	Deed Poll	  	 	18	 
		  	2.1	  	Finance Parties and Finance Documents	  	 	18	 
		  	2.2	  	Removal of benefit for particular Finance Party	  	 	19	 
		  	2.3	  	Power of attorney	  	 	19	 
		  	2.4	  	Syndicated Facility Agreements	  	 	19	 
		  	2.5	  	Several application of Deed Poll	  	 	20	 
			
	3.	  	Payments	  	 	20	 
		  	3.1	  	Payments	  	 	20	 
		  	3.2	  	Payments on a Business Day	  	 	20	 
		  	3.3	  	Appropriation of payments	  	 	21	 
		  	3.4	  	Payments in gross	  	 	21	 
		  	3.5	  	Additional payments	  	 	21	 
		  	3.6	  	Taxation deduction procedures	  	 	22	 
		  	3.7	  	Amounts payable on demand	  	 	22	 
		  	3.8	  	Rounding	  	 	22	 
			
	4.	  	Representations and warranties	  	 	22	 
		  	4.1	  	Representations and warranties	  	 	22	 
		  	4.2	  	Survival and repetition of representations and warranties	  	 	26	 
		  	4.3	  	Reliance by Finance Parties	  	 	26	 
			
	5.	  	Undertakings	  	 	26	 
		  	5.1	  	Provision of information and reports	  	 	26	 
		  	5.2	  	Financial Reports and accounts	  	 	27	 
		  	5.3	  	Notices	  	 	28	 
		  	5.4	  	Disposal of assets	  	 	29	 
		  	5.5	  	Negative pledge	  	 	30	 
		  	5.6	  	Financial accommodation	  	 	30	 
		  	5.7	  	Insurance	  	 	30	 
		  	5.8	  	Restrictions on Distributions	  	 	30	 
		  	5.9	  	Restrictions on dealings	  	 	31	 
		  	5.10	  	Restrictions on fees	  	 	31	 
		  	5.11	  	Payment of Taxes	  	 	31	 
		  	5.12	  	Financial Ratios	  	 	31	 
		  	5.13	  	Undertakings relating to the Business	  	 	32	 

  

  
 Page (i) 

			
	Common Terms Deed Poll	  	

  

									
		  	5.14	  	Undertakings relating to structure and corporate matters	  	 	33	 
		  	5.15	  	Swap Agreements	  	 	34	 
		  	5.16	  	Ranking	  	 	34	 
		  	5.17	  	Most favoured status	  	 	34	 
		  	5.18	  	Term of undertakings	  	 	34	 
			
	6.	  	Events of Default	  	 	35	 
		  	6.1	  	Events of Default	  	 	35	 
		  	6.2	  	Effect of Event of Default	  	 	39	 
			
	7.	  	Financial Calculations	  	 	39	 
			
	8.	  	Guarantee	  	 	39	 
		  	8.1	  	Guarantee	  	 	39	 
		  	8.2	  	Payment	  	 	40	 
		  	8.3	  	Securities for other money	  	 	40	 
		  	8.4	  	Amount of Guaranteed Moneys	  	 	40	 
		  	8.5	  	Proof by Indemnified Parties	  	 	40	 
		  	8.6	  	Avoidance of payments	  	 	40	 
		  	8.7	  	Indemnity for avoidance of Guaranteed Moneys	  	 	41	 
		  	8.8	  	No obligation to marshal	  	 	41	 
		  	8.9	  	Non exercise of Guarantors’ rights	  	 	42	 
		  	8.10	  	Principal and independent obligation	  	 	42	 
		  	8.11	  	Suspense account	  	 	42	 
		  	8.12	  	Unconditional nature of obligations	  	 	43	 
		  	8.13	  	No competition	  	 	44	 
		  	8.14	  	Continuing guarantee	  	 	45	 
		  	8.15	  	Variation	  	 	45	 
		  	8.16	  	Judgments	  	 	45	 
		  	8.17	  	Additional Guarantors	  	 	45	 
		  	8.18	  	Undertakings concerning Additional Guarantors	  	 	46	 
		  	8.19	  	Release of Guarantors	  	 	46	 
			
	9.	  	Increased costs and illegality	  	 	47	 
		  	9.1	  	Increased costs	  	 	47	 
		  	9.2	  	Illegality	  	 	48	 
			
	10.	  	Interest on Overdue Amounts	  	 	48	 
		  	10.1	  	Accrual	  	 	48	 
		  	10.2	  	Payment	  	 	48	 
		  	10.3	  	Rate	  	 	48	 
			
	11.	  	Indemnities	  	 	49	 
		  	11.1	  	General indemnity	  	 	49	 
		  	11.2	  	Continuing indemnities and evidence of loss	  	 	49	 
			
	12.	  	Tax, costs and expenses	  	 	50	 
		  	12.1	  	Tax	  	 	50	 
		  	12.2	  	Costs and expenses	  	 	50	 
		  	12.3	  	GST	  	 	50	 

  
 Page (ii) 

			
	Common Terms Deed Poll	  	

  

									
			
	13.	  	Saving provisions	  	 	51	 
		  	13.1	  	No merger of security	  	 	51	 
		  	13.2	  	Exclusion of moratorium	  	 	52	 
		  	13.3	  	Conflict	  	 	52	 
		  	13.4	  	Consents	  	 	52	 
		  	13.5	  	Principal obligations	  	 	52	 
		  	13.6	  	No Obligation to marshal	  	 	52	 
		  	13.7	  	Non avoidance	  	 	53	 
		  	13.8	  	Set off authorised	  	 	53	 
		  	13.9	  	Certificates and approvals	  	 	53	 
		  	13.10	  	No reliance or other obligations and risk assumption	  	 	53	 
			
	14.	  	Assignments	  	 	54	 
			
	15.	  	General	  	 	54	 
		  	15.1	  	Notices	  	 	54	 
		  	15.2	  	Governing law and jurisdiction	  	 	56	 
		  	15.3	  	Prohibition and enforceability	  	 	56	 
		  	15.4	  	Waivers	  	 	57	 
		  	15.5	  	Variation	  	 	57	 
		  	15.6	  	Cumulative rights	  	 	57	 
		  	15.7	  	Counterparts	  	 	57	 
		  	15.8	  	Attorneys	  	 	57	 
			
	16.	  	Confidentiality	  	 	58	 
		  	16.1	  	Confidentiality	  	 	58	 
		  	16.2	  	Permitted disclosure	  	 	58	 
		  	16.3	  	Survival of obligation	  	 	58	 
			
	17.	  	PPSA	  	 	59	 
		
	 Schedule 1
	  	 	60	 
		  	Guarantors	  	 	60	 
		
	 Schedule 2
	  	 	62	 
		  	Form of Finance Party Nomination Letter	  	 	62	 
		
	 Schedule 3
	  	 	63	 
		  	Group Structure Diagram	  	 	63	 
		
	 Schedule 4
	  	 	64	 
		  	Compliance Certificate	  	 	64	 
		
	 Schedule 5
	  	 	66	 
		  	Form of Guarantor Assumption Deed Poll	  	 	66	 
		
	 Schedule 6
	  	 	68	 
		  	Form of Additional Guarantor Verification Certificate	  	 	68	 
		
	 Schedule 7
	  	 	69	 
		  	Form of Deed of Release	  	 	69	 

  
 Page (iii) 

			
	Common Terms Deed Poll	  	

  

			
	Date	  	10 April 2012
		
	Parties	  	
		
	1.	  	FOXTEL Management Pty Limited ABN 65 068 671 938 of 5 Thomas Holt Drive, North Ryde, NSW, 2113 in its own capacity (FOXTEL); and
		
	2.	  	Each entity listed in Schedule 1 (each an Initial Guarantor).
		
	Recitals	  	
		
	A	  	The Finance Parties have or may from time to time provide financial accommodation to FOXTEL or the Guarantors.
		
	B	  	FOXTEL and the Guarantors enter into this Deed Poll for valuable consideration.
		
	C	  	It is a condition to the obligation of the Finance Parties to extend or continue extending financial accommodation to or at the request of the Borrowers that FOXTEL and the Initial Guarantors enter into this Deed Poll.

 It is agreed as follows. 
  

	1.	 Definitions and interpretation 

 

	1.1	 Definitions 

In this Deed Poll: 

Accounting Standards means accounting standards, principles and practices applying by law or otherwise generally accepted, and
consistently applied, in Australia. 
 Additional Guarantor means a person who becomes an additional guarantor in accordance
with clause 8.17. 
 Approved Auditor means: 
  

	 	(a)	 PricewaterhouseCoopers; 

 

	 	(b)	 KPMG; 

  

	 	(c)	 Ernst & Young; 

 

	 	(d)	 Deloittes; or 

  

	 	(e)	 such other firm of chartered accountants as is approved by each Financier Representative (acting reasonably).

  
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	Common Terms Deed Poll	  	

  

 Approved Hedging Policy means the hedging policies and procedures approved by
the directors of FOXTEL from time to time. 
 Artist Services means Artist Services Cable Management Pty Limited (ABN 97 072
725 289). 
 ASIC means the Australian Securities and Investments Commission. 

Associate means an associate as defined in section 318 of the Tax Act. 

Auditor means, in relation to the FOXTEL Group, the Approved Auditor from time to time selected as its auditor by the FOXTEL
Agent. 
 Authorisation means: 
  

	 	(a)	 any consent, registration, filing, agreement, notice of non-objection,
notarisation, certificate, licence, approval, permit, authority or exemption; or 

  

	 	(b)	 in relation to anything which a Government Agency may prohibit or restrict within a specific period, the expiry
of that period without intervention or action or notice of intended intervention or action. 

 Bill means a
bill of exchange as defined in the Bills of Exchange Act 1909 (Cth). 
 Borrower means, in relation to a
Finance Document, each member of the FOXTEL Group who incurs liability (otherwise than under a Guarantee) in respect of Finance Debt (actually or contingently): 
  

	 	(a)	 as a borrower under a credit or other borrowing facility made available to it under that Finance Document;

  

	 	(b)	 as the person for whose account a Guarantee is issued under that Finance Document; 

 

	 	(c)	 if that Finance Document is a Swap Agreement, as the counterparty under that Swap Agreement and any transaction
entered into under that Swap Agreement; or 

  

	 	(d)	 as the counterparty under that Finance Document, 

in each case whether as an original party to that Finance Document or as a party who has acceded to or otherwise become bound by that Finance
Document in accordance with its terms. 
 Business means the business, conducted from time to time by the FOXTEL Group, of
video entertainment and related services for delivery on any form of technology for which subscribers must pay a fee (other than in respect of the retransmitted national and commercial television broadcast services), including the right to bundle
these services with third party telecommunications services, provide access to FOXTEL Group STUs to access seekers and make the services available on a wholesale basis including to infrastructure operators. 

Business Day means a day on which banks are open for business in Sydney excluding a Saturday, Sunday or public holiday. 

Calculation Date means the last day of each March, June, September and December. 

Calculation Period means a 12 month period ending on a Calculation Date. 

  
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	Common Terms Deed Poll	  	

  

 Change in Law means the commencement of, introduction of or
change in any law, regulation, treaty, order or official directive or request including any law with regard to capital adequacy, prudential limits, liquidity, reserve requirement ratio, liquidity ratio, liabilities ratio or other requirement or
restriction (which, if not having the force of law, would be complied with by a responsible financial institution) which: 
  

	 	(a)	 occurs after the date of this Deed Poll; and 

 

	 	(b)	 does not relate to a change in Tax imposed on the overall net income of a Financier. 

CMH means Consolidated Media Holdings Limited (ABN 52 009 071 167) (formerly known as Publishing and Broadcasting Limited). 

Compliance Certificate means a certificate in the form of schedule 4. 

Control means control as defined in section 50AA of the Corporations Act. 

Controller has the meaning given to the word ‘controller’ in the Corporations Act. 

Corporations Act means the Corporations Act 2001 (Cth). 

Customer Services means Customer Services Pty Limited (ACN 069 272 117). 

Deed of Release means a deed of release substantially in the form of schedule 7. 

Default means: 
  

	 	(a)	 an Event of Default; or 

 

	 	(b)	 a Potential Event of Default. 

Distribution means any payment or distribution (in cash or in kind), including by interest, dividend, return of capital,
repayment or redemption, to or for the benefit of any Shareholder, Partner or Associate of any of them (other than a member of the FOXTEL Group), but excluding any payment made as consideration for the supply of goods or services by any Shareholder,
Partner or Associate which is not made in excess of a payment on arms length commercial terms. 
 Dollars, A$ and $ means the
lawful currency of the Commonwealth of Australia. 
 EBITDA means, in respect of any period, the total amount of consolidated
earnings before: 
  

	 	(a)	 interest; 

  

	 	(b)	 Tax; 

  

	 	(c)	 depreciation and amortisation; 

 

	 	(d)	 any amounts relating to the impairment of assets; 

 

	 	(e)	 items of income or expense which are considered to be outside the ordinary course of business and are regarded
as ‘exceptional items’ or ‘significant items’ (or another term in place of that term) in the accounts; and 

  

	 	(f)	 fair value adjustments of financial derivatives that are not effective hedging instruments under the Accounting
Standards, 

 of the FOXTEL Group as shown in the most recent Compliance Certificate delivered under clause 5.1 for that
period, as supported by the relevant accounts. 

  
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	Common Terms Deed Poll	  	

  

 Encumbrance means an interest or power: 

 

	 	(a)	 reserved in or over an interest in any asset including any retention of title; or 

 

	 	(b)	 created or otherwise arising in or over any interest in any asset under a bill of sale, mortgage, charge, lien,
pledge, trust or power, 

 by way of, or having similar commercial effect to, security for the payment of a debt, any other
monetary obligation or the performance of any other obligation, and includes any agreement to grant or create any of the above. 
 For the
avoidance of doubt, it excludes an interest that is a ‘security interest’ for the purposes of section 12(3) of the PPSA if that interest does not in substance secure payment of money or performance of an obligation. 

Environmental Law means any law, whether statute or common law including regulations, relating to environmental matters, and
includes any law concerning land use, development, pollution, waste disposal, toxic and hazardous substances, conservation of natural or cultural resources and resource allocation (including any law relating to exploration for, or development or
exploitation of, any natural resource), use of dangerous goods, the protection of human health or any other aspect of protection of the environment. 

Equity means amounts provided, or to be provided, by a Shareholder or Partner to the FOXTEL Agent in cash by way of: 

 

	 	(a)	 partnership capital contributions; 

 

	 	(b)	 Subordinated Debt; or 

 

	 	(c)	 such other form agreed by each Financier Representative. 

Establishment Agreement means: 
  

	 	(a)	 the FOXTEL Television Partnership Agreement; 

 

	 	(b)	 the FOXTEL Partnership Agreement; and 

 

	 	(c)	 the Management Agreement dated 14 April 1997 between the FOXTEL Television Partnership, FOXTEL and FOXTEL Cable
as amended by the deed dated 21 November 2002 between FOXTEL, Customer Services, FOXTEL Cable, News Pay TV Pty Limited, PBL Pay TV Pty Limited, CMH, each Partner, Telstra, Telstra Multimedia and News. 

Event of Default means any event specified in clause 6.1 or any other event agreed in writing to be an Event
of Default for the purposes of this Deed Poll by FOXTEL and the Financier Representatives. 
 Excluded Tax means: 

 

	 	(a)	 GST; 

  

	 	(b)	 a Tax imposed upon any Finance Party as a result of that person not providing an Australian Business Number
when requested by FOXTEL; or 

  

	 	(c)	 a Tax imposed by any jurisdiction on the net income of any Finance Party. 

  
 Page 4 

			
	Common Terms Deed Poll	  	

  

 Finally Paid means, in respect of the Guaranteed Moneys or any other monetary
liability, satisfaction of the following conditions: 
  

	 	(a)	 payment or satisfaction of it in full; and 

 

	 	(b)	 during the 6 month period from and including the day after the payment or satisfaction, no person, including a
Transaction Party, liquidator, provisional liquidator, administrator, official manager, trustee in bankruptcy, receiver, receiver and manager, other controller (as defined in the Corporations Act) or similar official, exercises a right to recoup or
claim repayment of any part of the amount paid or satisfied, whether under the laws of preferences, fraudulent dispositions or otherwise. 

Finance Debt means any debt or other monetary liability in respect of moneys borrowed or raised or any financial accommodation
including under or in respect of any: 
  

	 	(a)	 bill of exchange, bond, debenture, note or similar instrument; 

 

	 	(b)	 acceptance, endorsement or discounting arrangement; 

 

	 	(c)	 Guarantee; 

  

	 	(d)	 Swap Agreement; 

  

	 	(e)	 finance or capital lease; 

 

	 	(f)	 agreement for the deferral (of at least 120 days) of a purchase price or other payment in relation to the
acquisition of any asset or service; 

  

	 	(g)	 obligation to deliver goods or provide services paid for in advance by any financier; or 

 

	 	(h)	 agreement for the payment of capital or premium on the redemption of any preference shares;

 and irrespective of whether the debt or liability: 

 

	 	(i)	 is present or future; 

 

	 	(j)	 is actual, prospective, contingent or otherwise; 

 

	 	(k)	 is at any time ascertained or unascertained; 

 

	 	(l)	 is owed or incurred alone or severally or jointly or both with any other person; or 

 

	 	(m)	 comprises any combination of the above. 

Finance Document means: 
  

	 	(a)	 this Deed Poll; 

  

	 	(b)	 any Guarantee Assumption Deed Poll; 

 

	 	(c)	 with respect to a Financier or its Financier Representative: 

 

	 	(i)	 each document designated as such in a Finance Party Nomination Letter (which may include a Syndicated Facility
Agreement or a Swap Agreement); and 

  

	 	(ii)	 each other document which FOXTEL and that Financier or its Financier Representative may from time to time agree
is a Finance Document; 

  
 Page 5 

			
	Common Terms Deed Poll	  	

  

	 	(d)	 any Deed of Release; and 

 

	 	(e)	 any other document or agreement entered into or given under or in connection with, or for the purpose of
amending or novating, any of the above. 

 Finance Party means: 

 

	 	(a)	 any Financier Representative; or 

 

	 	(b)	 any Financier, 

unless they have ceased to be a Finance Party in accordance with this Deed Poll. 

Finance Party Nomination Letter means, in relation to a Finance Party, a letter substantially in the form of schedule 2. 

Financial Report means, in relation to an entity, the following financial statements and information in relation to the entity:

  

	 	(a)	 a statement of financial performance; 

 

	 	(b)	 a statement of financial position; and 

 

	 	(c)	 a statement of cashflows. 

Financial Ratio means an undertaking described at clause 5.12. 

Financier means each person designated as a ‘Financier’ in a Finance Party Nomination Letter. 

Financier Representative means, in relation to a Financier: 

 

	 	(a)	 the person designated as that Financier’s Financier Representative in the relevant Finance Party
Nomination Letter; or 

  

	 	(b)	 if no such person is designated, that Financier. 

FOXTEL Agent means FOXTEL Management Pty Limited as agent for the Partners as a partnership carrying on the business of the
FOXTEL Partnership. 
 FOXTEL Cable means FOXTEL Cable Television Pty Limited (ACN 069 008 797). 

FOXTEL Group means: 
  

	 	(a)	 the FOXTEL Partnership; 

 

	 	(b)	 the FOXTEL Television Partnership; 

 

	 	(c)	 FOXTEL Management Pty Limited, in its own capacity, as FOXTEL Agent and as agent for the FOXTEL Television
Partnership; 

  

	 	(d)	 FOXTEL Cable; 

  

	 	(e)	 Customer Services; 

  

	 	(f)	 Artist Services; 

  

	 	(g)	 Racing Channel; and 

  

	 	(h)	 each wholly-owned subsidiary of each of the entities described at paragraphs (a) to (g) above.

  
 Page 6 

			
	Common Terms Deed Poll	  	

  

 FOXTEL Partnership means the partnership constituted by the
FOXTEL Partnership Agreement. 
 FOXTEL Partnership Agreement means the partnership agreement dated 14 April
1997 as amended and restated on 3 December 1998 between each Partner and FOXTEL as amended by the deed dated 21 November 2002 between FOXTEL, Customer Services, FOXTEL Cable, News Pay TV Pty Limited, PBL Pay TV Pty Limited, CMH, each
Partner, Telstra, Telstra Multimedia and News. 
 FOXTEL Television Partnership means the partnership constituted
by the FOXTEL Television Partnership Agreement. 
 FOXTEL Television Partnership Agreement means the partnership
agreement dated 14 April 1997 as amended and restated on 3 December 1998 between each Partner and FOXTEL Cable as amended by the deed dated 21 November 2002 between FOXTEL, Customer Services, FOXTEL Cable, News Pay TV Pty Limited, PBL
Pay TV Pty Limited, CMH, each Partner, Telstra, Telstra Multimedia and News. 
 Funding Period means any interest
period, funding period or other period (whatever called) by reference to which interest rates applicable to any financial accommodation provide under a Finance Document are calculated or determined. 

Good Business Practice means the exercise of the standard of skill, prudence and operating, management and business
practice which would reasonably and ordinarily be expected from a skilled and experienced owner and operator engaged in the same business as the Business under similar circumstances. 

Government Agency means any government or any governmental, semi governmental, administrative, fiscal or judicial
body, department, commission, authority, tribunal, agency or entity. 
 Group Structure Diagram means the group
structure diagram in schedule 3, as amended or updated by the delivery of a new diagram under clause 5.1(d). 
 GST
means the goods and services tax levied under the GST Act. 
 GST Act means a New Tax System (Goods and
Services Tax) Act 1999 (Cth). 
 Guarantee means any guarantee, suretyship, letter of credit, letter of
comfort or any other obligation: 
  

	 	(a)	 to provide funds (whether by the advance or payment of money, the purchase of or subscription for shares or
other securities, the purchase of assets or services, or otherwise) for the payment or discharge of; 

  

	 	(b)	 to indemnify any person against the consequences of default in the payment of; or 

 

	 	(c)	 to be responsible for, 

any debt or monetary liability of another person or the assumption of any responsibility or obligation in respect of the insolvency or the
financial condition of any other person. 

  
 Page 7 

			
	Common Terms Deed Poll	  	

  

 Guarantee Assumption Deed Poll means
a deed poll substantially in the form of schedule 5. 
 Guaranteed Moneys means all debts and monetary
liabilities of each Transaction Party to the Finance Parties under or in relation to any Finance Document and in any capacity, irrespective of whether the debts or liabilities: 

 

	 	(a)	 are present or future; 

 

	 	(b)	 are actual, prospective, contingent or otherwise; 

 

	 	(c)	 are at any time ascertained or unascertained; 

 

	 	(d)	 are owed or incurred by or on account of any Transaction Party alone, or severally or jointly with any other
person; 

  

	 	(e)	 are owed to or incurred for the account of any Finance Party alone, or severally or jointly with any other
person; 

  

	 	(f)	 are owed to any other person as agent (whether disclosed or not) for or on behalf of any Finance Party;

  

	 	(g)	 are owed or incurred as principal, interest, fees, charges, taxes, duties or other imposts, damages (whether
for breach of contract or tort or incurred on any other ground), losses, costs or expenses, or on any other account; 

  

	 	(h)	 are owed to or incurred for the account of any Finance Party directly or as a result of: 

 

	 	(i)	 the assignment or transfer to any Finance Party of any debt or liability of any Transaction Party (whether by
way of assignment, transfer or otherwise); or 

  

	 	(ii)	 any other dealing with any such debt or liability; 

 

	 	(i)	 are owed to or incurred for the account of a Finance Party before the date of this Deed Poll, or before the
date of any assignment of any Finance Document to any Finance Party by any other person or otherwise; or 

  

	 	(j)	 comprise any combination of the above. 

Guarantor means: 
  

	 	(a)	 any Initial Guarantor; or 

 

	 	(b)	 any Additional Guarantor, 

who has not ceased to be a Guarantor in accordance with clause 8.19 of this Deed Poll. 

Indemnified Party means any Finance Party and, for the purposes of clause 11 only, includes each affiliate,
director, officer, employee or agent of or advisor to a Finance Party. 
 Insolvency Event means an event
described in clause 6.1(f) or (g). 
 Insurance means the insurances required to be taken out under clause 5.7.

  
 Page 8 

			
	Common Terms Deed Poll	  	

  

 Intellectual Property means: 

 

	 	(a)	 all trade secrets, confidential information, know-how, patents, trade
marks, designs, service marks, business names, copyright and computer programmes which are material to the Business; and 

  

	 	(b)	 any interest (including by way of licence) in any of the above, 

in each case whether registered or not and including all applications for same. 

Interest Cover Ratio means, in respect of any period ending on a Calculation Date, the ratio of A:B where: 

 

	 	‘A’	 is EBITDA for that period; and 

 

	 	‘B’	 is Interest Service for that period. 

Interest Expenses means interest and amounts in the nature of, or having a similar purpose or effect to, interest
and includes: 
  

	 	(a)	 discount on a Bill or other instrument; 

 

	 	(b)	 fees and amounts incurred on a regular or recurring basis, such as line fees; and 

 

	 	(c)	 capitalised amounts of the same or similar name to the foregoing. 

Interest Service means, in respect of any period, without double counting: 

 

	 	(a)	 the aggregate amount of all Interest Expenses, rentals, any other recurrent payments of a similar nature
(including gross-ups and increased cost payments) and any other recurring fees, costs and expenses paid during that period, in each case under or in relation to any Finance Debt of any member of the FOXTEL
Group which shall not include any such payments in respect of transactions between any 2 members of the FOXTEL Group; 

plus or minus 
  

	 	(b)	 the net amount of any difference between payments by or to a Transaction Party under the Swap Agreements
relating to interest rates during that period. 

 Loss means any claim, action, damage, loss,
liability, cost, charge, expense, outgoing or payment. 
 Material Adverse Efffect means a material adverse
effect upon: 
  

	 	(a)	 the ability of a Transaction Party to perform any of its obligations (other than any immaterial obligation)
under any Finance Document; 

  

	 	(b)	 the rights and remedies of a Finance Party under the Finance Documents; 

 

	 	(c)	 the validity or enforceability of the whole or any material part of a Finance Document; 

 

	 	(d)	 the assets, business, operations or financial condition of the FOXTEL Group as a whole. 

Material Document means: 
  

	 	(a)	 any Finance Document; 

 

	 	(b)	 each Establishment Agreement; and 

 

	 	(c)	 any other document as agreed by FOXTEL and a Financier Representative.  

  
 Page 9 

			
	Common Terms Deed Poll	  	

  

 News means News Australia Pty Limited (ABN 40 007 910 330). 

 Officer means: 
  

	 	(a)	 in relation to a Transaction Party or a Shareholder, a director or a secretary, or a person notified to be an
authorised officer, of the Transaction Party or Shareholder (as the case may be) or in the case of the FOXTEL Partnership and the FOXTEL Television Partnership, a director or a secretary or a person notified to be an authorised officer of the FOXTEL
Agent; and 

  

	 	(b)	 in relation to a Finance Party, any person whose title includes the word ‘Director’, ‘Managing
Director’, ‘Head’, ‘Executive’, ‘Manager’ or ‘Vice President’, and any other person appointed by the Finance Party to act as its authorised officer for the purposes of the Finance Documents.

 Partner means: 
  

	 	(a)	 Sky Cable; or 

  

	 	(b)	 Telstra Media. 

Partnership Property means, in respect of a Partner, all of the present and future undertakings, assets and rights
of that Partner in and to the undertakings, assets and rights of the FOXTEL Partnership or the FOXTEL Television Partnership (as applicable). It does not include any undertakings, assets or interests of a Partner held in its personal or other
capacity. 
 Permitted Distribution means a Distribution made where the conditions in clause 5.8 are satisfied.

 Permitted Encumbrance means: 
  

	 	(a)	 a lien arising by operation of law in the ordinary course of its business securing: 

 

	 	(i)	 an obligation that is not yet due; or 

 

	 	(ii)	 if due but unpaid, indebtedness which is being contested in good faith; 

 

	 	(b)	 retention of title arrangements entered into in the ordinary course of its ordinary business for a period of
less than 120 days; 

  

	 	(c)	 an Encumbrance over or affecting any asset acquired by a member of the FOXTEL Group after the date of this Deed
Poll if: 

  

	 	(i)	 it was not created in contemplation of the acquisition of that asset by a member of the FOXTEL Group;

  

	 	(ii)	 the principal amount secured has not been increased in contemplation of, or since the acquisition of that asset
by a member of the FOXTEL Group; and 

  

	 	(iii)	 it is removed or discharged within 3 months of the date of acquisition of such asset; 

  
 Page 10 

			
	Common Terms Deed Poll	  	

  

	 	(d)	 an Encumbrance over or affecting any asset of an entity which becomes a member of the FOXTEL Group after the
date of this Deed Poll, where the Encumbrance is created prior to the date on which that entity becomes a member of the FOXTEL Group, if: 

  

	 	(i)	 it was not created in contemplation of the acquisition of that entity by a member of the FOXTEL Group;

  

	 	(ii)	 the principal amount secured has not been increased in contemplation, or since the acquisition, of that asset
by a member of the FOXTEL Group; and 

  

	 	(iii)	 it is removed or discharged within 3 months of the date of acquisition of such entity; 

 

	 	(e)	 any other Encumbrance securing Finance Debt provided the aggregate principal amount of Finance Debt having the
benefit of all such Encumbrances and any Permitted Financial Accommodation referred to in paragraph (g) of that definition does not exceed 10% of Total Assets of the FOXTEL Group at that time; or 

 

	 	(f)	 an Encumbrance created or existing with the consent of each Financier Representative. 

Permitted Financial Accommodation means any financial accommodation provided by a Transaction Party: 

 

	 	(a)	 under the Finance Documents; 

 

	 	(b)	 to another Transaction Party or a member of the FOXTEL Group; 

 

	 	(c)	 which is funded by Equity; 

 

	 	(d)	 in respect of the performance of the obligations of another Transaction Party or a member of the FOXTEL Group;

  

	 	(e)	 with each Financier Representative’s prior written consent; 

 

	 	(f)	 to customers in the ordinary course of business and on arms length commercial terms provided that such
financial accommodation does not constitute consumer credit which is available to its customers generally and is regulated by the National Credit Code; or 

  

	 	(g)	 otherwise where the aggregate principal amount provided and any Finance Debt secured by a Permitted Encumbrance
referred to in paragraph (e) of that definition does not exceed 10% of Total Assets of the FOXTEL Group at that time. 

Potential Event of Default means any thing which would become an Event of Default on the giving of notice
(whether or not notice is actually given), the expiration of time or any combination of the above. 
 Power means any right,
power, authority, discretion or remedy conferred on any Indemnified Party by any Finance Document or any applicable law. 

PPSA means the Personal Property Securities Act 2009 (Cwth). 

Racing Channel means The Racing Channel Cable-TV Pty Limited (ABN 91 069
619 307). 
 Related Body Corporate means a ‘related body corporate’ as that expression is defined in
section 50 of the Corporations Act. 
 Same Day Funds means immediately available cleared funds. 

  
 Page 11 

			
	Common Terms Deed Poll	  	

  

 Shareholder means: 

 

	 	(a)	 Telstra; 

  

	 	(b)	 News; or 

  

	 	(c)	 CMH. 

Sky Cable means Sky Cable Pty Limited (ABN 14 069 799 640). 

STU means set top unit (including a refurbished or rebirthed set top unit). 

Subordinated Debt means, at any time, Finance Debt of any member of the FOXTEL Group which is the subject of a
Subordination Deed. 
 Subordination Deed means a subordination deed or deed poll in a form approved by each
Financier Representative (acting on the instructions of all its Financiers acting reasonably) under which the Finance Debt provided to a Transaction Party is subordinated to all other Finance Debt provided under the Finance Documents. 

Subsidiary means a subsidiary as defined in section 46 of the Corporations Act. 

Swap Agreement means each interest rate or foreign exchange transaction, including any master agreement and any
transaction or confirmation under it, entered into by a Transaction Party. 
 Syndicated Facility Agreement means
each Finance Document which is designated as a ‘Syndicated Facility Agreement’ in a Finance Party Nomination Letter. 

Tax means: 
  

	 	(a)	 any tax including the GST, levy, charge, impost, duty, fee, deduction, compulsory loan or withholding; or

  

	 	(b)	 any income, stamp or transaction duty, tax or charge, 

which is assessed, levied, imposed or collected by any Government Agency and includes any interest, fine, penalty, charge, fee or other amount
imposed on or in respect of any of the above. 
 Tax Act means the Income Tax Assessment Act 1936 (Cth) or
the Income Tax Assessment Act 1997 (Cth), as applicable. 
 Tax Invoice includes any document or record
treated by the Commissioner of Taxation as a tax invoice or as a document entitling a recipient to an input tax credit. 

Telstra means Telstra Corporation Limited (ABN 33 051 775 556). 

Telstra Deed of Cross Guarantee means the ASIC Class Order deed of cross guarantee entered into by Telstra and
certain of its Subsidiaries on 4 June 1996. 
 Telstra Media means Telstra Media Pty Limited (ABN 72 069 279
027). 
 Telstra Multimedia means Telstra Multimedia Pty Limited (ABN 82 069 279 072). 

Total Assets means at any time the aggregate book value of all of the assets of the FOXTEL Group at that time. 

  
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	Common Terms Deed Poll	  	

  

 Total Debt means, at any time, the aggregate amount of all
Finance Debt of each member of the FOXTEL Group excluding transactions between any 2 members of the FOXTEL Group and excluding Subordinated Debt. 

Total Debt to EBITDA Ratio means, in relation to any Calculation Date, the ratio of A:B where: 

 

	 	‘A’	 is Total Debt on that Calculation Date; and 

 

	 	‘B’	 is EBITDA for the Calculation Period ending on that Calculation Date. 

For the purpose of calculating the Total Debt to EBITDA Ratio, if any Transaction Party or other member of the FOXTEL Group acquires or
disposes of any entity or business during any relevant Calculation Period, EBITDA for such period shall be determined on a pro forma basis assuming that such acquisition or disposal had occurred as of the first day of that Calculation Period. Any
such pro forma adjustment shall be disclosed in the Compliance Certificate relating to that Calculation Period. 
 Transaction
Party means: 
  

	 	(a)	 FOXTEL; 

  

	 	(b)	 a Borrower; 

  

	 	(c)	 a Guarantor; or 

  

	 	(d)	 any other Transaction Party, now or in the future, defined as such in a Finance Document.

 Transactions means the transactions contemplated by the Finance Documents. 

wholly-owned subsidiary has the meaning given to that expression in the Corporations Act. 

 

	1.2	 Interpretation 

In a Finance Document, headings and bold type are for convenience only and do not affect the interpretation of a Finance Document and, unless
the context otherwise requires: 
  

	 	(a)	 words importing the singular include the plural and vice versa; 

 

	 	(b)	 words importing a gender include any gender; 

 

	 	(c)	 other parts of speech and grammatical forms of a word or phrase defined in this Deed Poll have a corresponding
meaning; 

  

	 	(d)	 an expression importing a natural person includes any company, partnership, joint venture, association,
corporation or other body corporate and any Government Agency; 

  

	 	(e)	 a reference to any thing (including any right) includes a part of that thing but nothing in this clause 1.2(e)
implies that performance of part of an obligation constitutes performance of the obligation; 

  

	 	(f)	 a reference to a clause, party, annexure, exhibit or schedule is a reference to a clause of, and a party,
annexure, exhibit and schedule to, a Finance Document and a reference to a Finance Document includes any annexure, exhibit and schedule to that Finance Document; 

  
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	Common Terms Deed Poll	  	

  

	 	(g)	 a reference to a statute, regulation, proclamation, ordinance or by law includes all statutes, regulations,
proclamations, ordinances or by laws amending, consolidating or replacing it, whether passed by the same or another Government Agency with legal power to do so, and a reference to a statute includes all regulations, proclamations, ordinances and by
laws issued under that statute; 

  

	 	(h)	 a reference to a document includes all amendments or supplements to, or replacements or novations of, that
document; 

  

	 	(i)	 a reference to a party to a document includes that party’s successors and permitted assigns;

  

	 	(j)	 a reference to an agreement other than a Finance Document includes an undertaking, deed, agreement or legally
enforceable arrangement or understanding whether or not in writing; 

  

	 	(k)	 a reference to an asset includes all property of any nature, including a business, and all rights, revenues and
benefits; 

  

	 	(l)	 a reference to liquidation includes official management, appointment of an administrator, compromise,
arrangement, merger, amalgamation, reconstruction, winding up, dissolution, assignment for the benefit of creditors, scheme, composition or arrangement with creditors, insolvency, bankruptcy, or any similar procedure or, where applicable, changes in
the constitution of any partnership or person, or death; 

  

	 	(m)	 a reference to a document includes any agreement in writing, or any certificate, notice, instrument or other
document of any kind; 

  

	 	(n)	 no provision of a Finance Document will be construed adversely to a party solely on the ground that the party
was responsible for the preparation of that Finance Document or that provision; 

  

	 	(o)	 a covenant or agreement on the part of two or more Transaction Parties binds them jointly and severally;

  

	 	(p)	 references to time are to Sydney time; 

 

	 	(q)	 unless the contrary intention appears, any provision of a Finance Document which specifies a particular day on
which a calculation is to be made or an obligation performed, will be construed as requiring that calculation to be made or that obligation to be performed at or before 5.00pm on that day; 

 

	 	(r)	 a reference in a Finance Document to: 

 

	 	(i)	 amendment includes a supplement, novation, restatement or modification and
‘amended’ is to be construed accordingly; 

  

	 	(ii)	 continuing, in relation to a Default, indicates a Default that has not been
remedied to the satisfaction of the relevant Financier Representative (acting in good faith) or waived in writing in accordance with the terms of the relevant Finance Documents; 

  
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	Common Terms Deed Poll	  	

  

	 	(iii)	 disposal includes a sale, assignment, grant, transfer, lease, declaration of trust
or an act of similar effect; and 

  

	 	(iv)	 undertaking, assets and rights includes a reference to all real and personal
property, choses in action, goodwill and uncalled and called, but unpaid capital; 

  

	 	(s)	 a statement by a person that any information or matter is the case ‘to the best of its knowledge and
belief means that such person has taken all reasonable care to ensure that such information or matter is in fact the case and that such person is not aware of any other information or matter that could affect the accuracy of such information or
matter; 

  

	 	(t)	 where an act is required to be performed promptly, it shall be performed within as
short a period as reasonably possible from the moment when the act could reasonably be performed, taking into account all of the circumstances; 

  

	 	(u)	 a Financial Ratio is finally determined when it is set out in a Compliance
Certificate which has been delivered in accordance with this Deed Poll, and final determination will be construed accordingly; 

  

	 	(v)	 for the purposes of: 

 

	 	(i)	 making a representation or warranty; 

 

	 	(ii)	 complying with any notification requirement or other undertaking; or 

 

	 	(iii)	 determining whether a Default has occurred, 

the value of any relevant transaction, event or other thing which is not denominated in Dollars, shall be taken into account 

as if the value of that transaction, event or other thing were converted into Dollars on the relevant date; and 

 

	 	(w)	 a reference to remedying an Event of Default includes overcoming its consequences.

  

	1.3	 Inclusive expressions 

Specifying anything in a Finance Document after the words ‘includes’ or ‘for example’ or similar expressions does not limit
what else is included unless there is express wording to the contrary. 
  

	1.4	 Business Day 

Subject to clause 3.2, where the day on or by which any thing is to be done is not a Business Day, that thing must be done on or by the
preceding Business Day. 
  

	1.5	 Accounting Standards 

 

	 	(a)	 Any accounting practice or concept relevant to the Finance Documents is to be construed or determined in
accordance with the Accounting Standards. 

  
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	Common Terms Deed Poll	  	

  

	 	(b)	 If, in the reasonable opinion of FOXTEL or a Financier Representative, any changes after the date of this Deed
Poll to Accounting Standards materially alter the effect of the Financial Ratios or the related definitions, FOXTEL and each Financier Representative will negotiate in good faith to amend the relevant Financial Ratios and definitions so that they
have an effect comparable to that which the Financial Ratios or related definitions would have had under current Accounting Standards before the adoption of the relevant change or changes to Accounting Standards. 

 

	 	(c)	 If the amendments are not agreed within 30 days of the date on which such changes to Accounting Standards take
effect (or any longer period agreed between FOXTEL and each Financier Representative) then FOXTEL will provide with its Financial Reports any reconciliation statements (audited, where applicable) necessary to enable calculations based on Accounting
Standards as they were before those changes and the changes will be ignored for the purposes of the Finance Documents. 

  

	1.6	 Common terms 

Unless the contrary intention appears: 
  

	 	(a)	 a term used in any other Finance Document or in any notice given in connection with any Finance Document has
the same meaning in that Finance Document or notice as in this Deed Poll; and 

  

	 	(b)	 if there is an inconsistency between this Deed Poll and any other Finance Document, this Deed Poll will prevail
unless the other Finance Document includes words to the effect of “Despite the terms of the Common Terms Deed Poll”. 

  

	1.7	 FOXTEL Agent 

The parties acknowledge and agree that the other parties are entitled to treat any discharge, receipt, waiver, consent, communication,
agreement, act or other thing given or effected by the FOXTEL Agent in connection with any Finance Document as having been given or effected for and on behalf of, and with the authority and consent of, the Partners. 

 

	1.8	 Limited Recourse to the Partners 

 

	 	(a)	 Notwithstanding any other provisions of the Finance Documents (other than clause 1.8(d) below) the obligation
of a Partner to pay any amount under any Finance Document (whether present, future or prospective) is limited to the extent that the amount can be satisfied out of its Partnership Property only. 

 

	 	(b)	 Each Finance Party irrevocably and unconditionally releases all claims it may have against a Partner under or
in connection with the Finance Documents except to the extent that the Partner is liable under clause 1.8(a). 

  

	 	(c)	 No Finance Party shall have any claim against or recourse to the directors, officers or employees of a Partner,
by operation of law or otherwise. Such recourse is irrevocably waived. 

  
 Page 16 

			
	 Common Terms Deed Poll
	  	

  

	 	(d)	 Nothing in clause 1.8(a) or 1.8(c) limits the liability of a Partner in respect of any loss, cost or expense
suffered or incurred by any Finance Party as a result of: 

  

	 	(i)	 the fraud or wilful default of that Partner or any of its directors, officers or employees under or in
connection with the Finance Documents; 

  

	 	(ii)	 any breach of an undertaking given by it in: 

 

	 	(A)	 clause 5.4 or 5.5 of this Deed Poll; or 

 

	 	(B)	 any Subordination Deed to which it is individually expressed to be a party; or 

 

	 	(iii)	 a warranty or representation given by it in: 

 

	 	(A)	 clause 4.1(a), 4.1(b), 4.1(c), 4.1(d), 4.1(e), 4.1(o), 4.1(q)(i), 4.1(s), 4.1(v) (in relation to clause 4.1(v)
only, on the date of this Deed Poll or on a date on which any financial accommodation is made available or rolled over under a Finance Document) or 4.1(x) of this Deed Poll; 

 

	 	(B)	 any Subordination Deed to which it is individually expressed to be a party, 

being incorrect or untrue. 

However, the failure of a Partner to comply with an obligation to pay the Guaranteed Moneys under the Finance Documents will not in itself
constitute fraud or wilful default of that Partner. 
  

	 	(e)	 Except to the extent that it is liable under clause 1.8(d), a Finance Party may satisfy its rights against a
Partner arising from non payment of the Guaranteed Moneys only to the extent that such rights can be satisfied from the Partner’s Partnership Property only and no party may, in connection with the Guaranteed Moneys: 

 

	 	(i)	 take any action against a Partner, its directors, officers or employees personally to recover any part of the
Guaranteed Moneys which cannot be satisfied out of the Partnership Property of the relevant Partner or obtain a judgement for the payment of money or damages by a Partner, its directors, officers or employees; 

 

	 	(ii)	 issue any demand under section 459E(1) of the Corporations Act (or any analogous provision under any other law)
against a Partner; 

  

	 	(iii)	 apply for or prove in (except to the extent that the Partner is liable under clause 1.8(a)) the winding up of a
Partner; 

  

	 	(iv)	 levy execution or take any action against any asset of a Partner (other than the Partnership Property of that
Partner) to recover any of the Guaranteed Moneys; or 

  

	 	(v)	 apply for the appointment of a receiver to any of the assets of a Partner (other than the Partnership Property
of that Partner), 

 or take any proceedings for any of the above and each party waives its rights in respect of those
actions, applications and proceedings. 

  
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	Common Terms Deed Poll	  	

  

	 	(f)	 Despite anything in, or in connection with, the Finance Documents, each Finance Party agrees that:

  

	 	(i)	 claims under or in connection with the Finance Documents are not claims to which the Telstra Deed of Cross
Guarantee applies in any way; and 

  

	 	(ii)	 it may not claim or attempt to claim to have any rights under, or make any claim or seek to enforce any rights,
in connection with the Telstra Deed of Cross Guarantee. 

  

	 	(g)	 To avoid doubt, nothing in this clause 1.8 prevents or limits any party from obtaining a declaration concerning
any of the Finance Documents, an injunction or other order restraining any breach of a Finance Document or otherwise in relation to the Partnership Property of a Partner. This clause operates as a release and a covenant not to sue and may be pleaded
in bar to any action brought in breach of it. 

  

	 	(h)	 No Finance Party in the exercise of any right, power, authority, discretion or remedy conferred on it by any
Finance Document or any applicable law, including any voting rights under the Finance Documents, nor any other person appointed by any Finance Party under the Finance Documents has the power or authority to incur obligations binding on a Partner
other than obligations the extent and enforcement of which are limited in the same manner as the extent and enforcement of a Partner’s obligations under the Finance Documents are limited by this clause 1.8. 

 

	 	(i)	 No Finance Party may appoint any person with the power or authority to incur obligations binding on a Partner
unless: 

  

	 	(i)	 the authority of that person is limited in accordance with this clause 1.8; and 

 

	 	(ii)	 the person so appointed signs an agreement acknowledging the limitation. 

 

	 	(j)	 This clause 1.8 applies despite any other provision in any document or any other thing and in the event of any
inconsistency between this clause 1.8 and another provision of a Finance Document, this clause 1.8 prevails. 

  

	2.	 Deed Poll 

  

	2.1	 Finance Parties and Finance Documents  

 

	 	(a)	 This Deed Poll is given by the Transaction Parties in favour of the Finance Parties from time to time. Each
Finance Party has the benefit of and may enforce this Deed Poll even though it is not a party to, or is not in existence at the time of execution and delivery of this Deed Poll, in relation to the Finance Debt to which that Finance Party is entitled
and each Finance Document under which that Finance Party has rights, benefits or obligations. 

  

	 	(b)	 Each undertaking in this Deed Poll is made in favour of the Finance Parties. 

 

	 	(c)	 The benefit and obligations of this Deed Poll may be extended to any other person (and such shall person shall
become a Finance Party) in relation to any other document (and such document shall become a Finance Document), by FOXTEL signing and delivering to that Financier (or, if applicable, its Financier Representative) a Finance Party Nomination Letter.

  
 Page 18 

			
	Common Terms Deed Poll	  	

  

	 	(d)	 Each Transaction Party (other than FOXTEL) irrevocably authorises FOXTEL to sign and deliver a Finance Party
Nomination Letter nominating a document as a Finance Document, a party as a Financier or a party as a Financier Representative and acknowledges and confirms that the benefit of this Deed Poll will extend to any such party. 

 

	2.2	 Removal of benefit for particular Finance Party  

Subject to clause 13.7, this Deed Poll ceases to be for the benefit of and enforceable by a Finance Party if at any time: 

 

	 	(a)	 that Finance Party has been Finally Paid; 

 

	 	(b)	 that Finance Party is not committed to providing further financial or other accommodation to any Transaction
Party pursuant to any Finance Document; and 

  

	 	(c)	 if requested by FOXTEL and agreed in writing by the relevant Finance Party. 

If FOXTEL makes a request to a Finance Party under paragraph (c) above subject to the circumstances in paragraphs (a) and (b) above
existing, that Finance Party will promptly confirm in writing that it agrees that this Deed Poll has ceased to be for the benefit of and enforceable by that Finance Party. 
  

	2.3	 Power of attorney 

 

	 	(a)	 Each Transaction Party (other than FOXTEL) irrevocably appoints FOXTEL as its attorney
(Attorney) to do anything which the Transaction Party may do (including to execute any document on its behalf) under or in relation to any Finance Document including to execute and deliver any document amending or
supplementing this Deed Poll. 

  

	 	(b)	 Without limitation, the Attorney may at any time delegate the Attorney’s powers (including delegation).

  

	2.4	 Syndicated Facility Agreements 

In relation to a Finance Document which is a Syndicated Facility Agreement: 

 

	 	(a)	 any notice, consent, direction, opinion, approval, waiver, variation, agreement or communication which may be
given, or which is required to be given either by or to a Financier under this Deed Poll may be given by, and shall be given to, the relevant Financier Representative (on behalf of each Financier under that Syndicated Facility Agreement) and if so
given, shall, for the purposes of this Deed Poll, be regarded as having been given to or by each such Financier; 

  

	 	(b)	 the parties acknowledge and agree that the relevant Financier Representative under that Syndicated Facility
Agreement in giving any such notice, consent, direction, approval, waiver, variation, agreement or other communication or forming any opinion, will be acting on the instructions of the Financiers under and in accordance with that Syndicated Facility
Agreement, and references to “acting 

  
 Page 19 

			
	Common Terms Deed Poll	  	

  

 reasonably”, “in the opinion of”, “being satisfied” or similar
expressions shall be construed accordingly and where used in connection with the relevant Financier Representative shall be construed as referring to each of the Financiers from whom the relevant Financier Representative is required to obtain
instructions in so acting. Each Transaction Party shall be entitled to assume in its dealings with the relevant Financier Representative that it has the necessary authority to so act and to bind each Financier under the relevant Syndicated Facility
Agreement, until such time as FOXTEL is notified in writing to the contrary; and 
  

	 	(c)	 references in this Deed Poll to “a Financier” or “the Financier” shall be construed
accordingly. 

  

	2.5	 Several application of Deed Poll  

In relation to each Finance Document, each Finance Party under that Finance Document and the Transactions (jointly a Relevant
Transaction), the provisions of this Deed Poll shall be construed (unless a contrary intention is expressly indicated): 
  

	 	(a)	 to apply to each such Relevant Transaction separately; 

 

	 	(b)	 such that the representations, warranties, undertakings, events of default and other provisions apply to that
Relevant Transaction separately and gives each Finance Party to that Relevant Transaction rights in relation to that Relevant Transaction separately; and 

  

	 	(c)	 such that each reference to “each Financier Representative” or “the Financier
Representatives” means the relevant Financier Representative in respect of the Relevant Transaction. 

  

	3.	 Payments 

  

	3.1	 Payments 

All payments under the Finance Documents must be made: 
  

	 	(a)	 in Same Day Funds; 

  

	 	(b)	 in the relevant currency; and 

 

	 	(c)	 not later than 11.00am (Sydney time) on the due date, 

to the relevant Financier Representative’s account as specified by that Financier Representative to the relevant Transaction Party, or in
any other manner that Financier Representative directs from time to time. 
  

	3.2	 Payments on a Business Day  

If a payment is due on a day which is not a Business Day, the due date for that payment is the next Business Day in the same calendar month or,
if none, the preceding Business Day, and interest must be adjusted accordingly. 

  
 Page 20 

			
	Common Terms Deed Poll	  	

  

	3.3	 Appropriation of payments  

 

	 	(a)	 Except where clause 3.3(b) applies, all payments made by a Transaction Party under a Finance Document may be
appropriated as between principal, interest and other amounts as the relevant Financier Representative (acting in accordance with the relevant Finance Document) determines or, failing any determination, in the following order: 

 

	 	(i)	 first, towards reimbursement of all fees, costs, expenses, charges, damages and indemnity payments due and
payable by that Transaction Party under that Finance Document; 

  

	 	(ii)	 second, towards payment of interest due and payable under that Finance Documents; and 

 

	 	(iii)	 third, towards repayment or prepayment of the principal amount outstanding under that Finance Document.

  

	 	(b)	 Any appropriation under clause 3.3(a) overrides any appropriation made by a Transaction Party.

  

	3.4	 Payments in gross 

All payments which a Transaction Party is required to make under any Finance Document must be: 

 

	 	(a)	 without any set off, counterclaim or condition; and 

 

	 	(b)	 without any deduction or withholding for any Tax or any other reason, unless, and without limiting the
operation of clause 3.5, the Transaction Party is required to make a deduction or withholding by applicable law. 

  

	3.5	 Additional payments  

If: 
  

	 	(a)	 any Transaction Party is required to make a deduction or withholding in respect of Tax (other than Excluded
Tax) from any payment to be made to a Finance Party under any Finance Document; or 

  

	 	(b)	 a Finance Party is required to pay any Tax (other than Excluded Tax) in respect of any payment it receives from
a Transaction Party or a Financier Representative under any Finance Document, 

 the Transaction Party: 

 

	 	(c)	 indemnifies each Finance Party against that Tax; and 

 

	 	(d)	 must pay to each Finance Party an additional amount which the relevant Financier Representative determines to
be necessary to ensure that each Finance Party receives when due a net amount (after payment of any Tax other than Excluded Tax in respect of each additional amount) that is equal to the full amount it would have received if a deduction or
withholding or payment of Tax had not been made. 

  
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	Common Terms Deed Poll	  	

  

	3.6	 Taxation deduction procedures 

If clause 3.5(a) applies: 
  

	 	(a)	 the Transaction Party must pay the amount deducted or withheld to the appropriate Government Agency as required
by law; and 

  

	 	(b)	 the Transaction Party must: 

 

	 	(i)	 use reasonable endeavours to obtain a payment receipt from the Government Agency (and any other documentation
ordinarily provided by the Government Agency in connection with the payment); and 

  

	 	(ii)	 within 2 Business Days after receipt of the documents referred to in clause 3.6(b)(i), deliver copies of them
to the relevant Financier Representative. 

  

	3.7	 Amounts payable on demand 

If any amount payable by a Transaction Party under any Finance Document is not expressed to be payable on a specified date, that amount is
payable by the Transaction Party on demand by the relevant Financier Representative. 
  

	3.8	 Rounding 

A Financier Representative may round amounts to the nearest unit of the relevant currency in making any allocation or appropriation under the
Finance Documents. 
  

	4.	 Representations and warranties 

 

	4.1	 Representations and warranties 

Each Partner represents and warrants in respect of itself to and for the benefit of each Finance Party as set out in clauses 4.1(a), (b), (c),
(d), (e), (o), (q)(i), (s), (v) and (x), and each Transaction Party (other than the Partners) represents and warrants to and for the benefit of each Finance Party that: 
  

	 	(a)	 (status): it is a corporation registered (or taken to be registered) and validly existing under the laws
of the jurisdiction of its incorporation: 

  

	 	(b)	 (power): it has the power and authority to: 

 

	 	(i)	 enter into and perform its obligations under and to carry out the transactions contemplated by the Material
Documents to which it is expressed to be a party; and 

  

	 	(ii)	 own its assets and to carry on its business as now conducted; 

 

	 	(c)	 (authorisations): it has taken all necessary action to authorise the entry into, delivery and
performance of the Material Documents to which it is expressed to be a party and to carry out the transactions contemplated by those documents; 

  

	 	(d)	 (documents binding): each Material Document to which it is expressed to be a party constitutes its
legal, valid, binding and enforceable obligation and is enforceable in accordance with its terms subject to laws generally affecting creditors’ rights and to principles of equity; 

  
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	Common Terms Deed Poll	  	

  

	 	(e)	 (transactions permitted): the execution, delivery and performance by it of each Material Document to
which it is expressed to be a party and each transaction contemplated under that document did not and will not breach or result in a contravention of: 

  

	 	(i)	 any law, treaty, judgement, ruling, order, regulation or decree of a Government Agency binding on it or
Authorisation; 

  

	 	(ii)	 its constitution or other constituent documents; or 

 

	 	(iii)	 any Encumbrance or material agreement which is binding on it or its assets, 

and, except as expressly permitted under the Finance Documents, did not and will not: 

 

	 	(iv)	 create or impose any Encumbrance on any of its assets; or 

 

	 	(v)	 allow a person to accelerate or cancel an obligation with respect to Finance Debt or constitute an event of
default, cancellation event, prepayment event or similar event (whatever called) under an agreement relating to Finance Debt, whether immediately or after notice or lapse of time or both; 

 

	 	(f)	 (financial information): its most recent Financial Reports or accounts which it has furnished to a
Financier Representative: 

  

	 	(i)	 give a true and fair view of the financial condition and state of affairs of it and its Subsidiaries as at the
date they were prepared; and 

  

	 	(ii)	 were prepared in accordance with the Accounting Standards (except to the extent disclosed in the accounts) and
applicable laws; 

  

	 	(g)	 (no change in affairs): there has been no change in its or its Subsidiaries’ state of affairs since
the end of the accounting period to which the Financial Reports referred to in clause 4.1(f) relate which has had or would be reasonably likely to have a Material Adverse Effect; 

 

	 	(h)	 (no litigation): except as disclosed in full to each Financier Representative in writing before the date
of this Deed Poll, there is no litigation, arbitration, Tax claim, dispute or administrative or other proceeding current or, to the best of its knowledge and belief, threatened, which: 

 

	 	(i)	 in any way questions its power or authority to enter into or perform its obligations under any Material
Document to which it is expressed to be a party; or 

  

	 	(ii)	 would be reasonably likely to result in the occurrence of an Insolvency Event or to have a Material Adverse
Effect; 

  

	 	(i)	 (no default): 

 

	 	(i)	 it is not in default; and 

  
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	Common Terms Deed Poll	  	

  

	 	(ii)	 nothing has occurred which constitutes an event of default, cancellation event, prepayment event or similar
event (whatever called), 

 under: 
  

	 	(iii)	 a material provision of a Material Document to which it is expressed to be a party except where such default or
event has been disclosed in full to each Financier Representative in writing; or 

  

	 	(iv)	 any document or agreement binding on it or its assets where such default or event would be reasonably likely to
have a Material Adverse Effect; 

  

	 	(j)	 (Authorisations): each Authorisation: 

 

	 	(i)	 which is required in relation to the execution, delivery and performance by it of the Material Documents to
which it is expressed to be a party and the transactions contemplated by those documents; 

  

	 	(ii)	 which is required in relation to the validity and enforceability of those documents; or 

 

	 	(iii)	 which is material to the conduct of the Business as now conducted, 

has been obtained or effected, complied with and maintained; 
  

	 	(k)	 (Intellectual Property): it owns or has the right and licence to use the Intellectual Property where
failure to do so would or is reasonably likely to have a Material Adverse Effect; 

  

	 	(l)	 (disclosure): all: 

 

	 	(i)	 factual information (other than assumptions, estimates or forecasts) provided by it or on its behalf to any
Finance Party (including for the purposes of any information memorandum prepared in connection with syndication) was, to the best of its knowledge and belief, true in all material respects and not materially misleading (by omission or otherwise) as
at the time it was provided or as at the date stated; and 

  

	 	(ii)	 assumptions, estimates and forecasts provided by it or on its behalf to any Finance Party in writing were
prepared in good faith with due care and diligence and were based on all relevant information known to it at the time when the materials were provided; 

  

	 	(m)	 (information disclosed): all information of which it is aware which is, on the date of a Financier
signing a Finance Document under which it agrees to provide financial accommodation to a Transaction Party: 

  

	 	(i)	 material to the Business or to the decision of a reasonable financial institution to enter into any Finance
Documents to which a Finance Party is expressed to be a party; or 

  

	 	(ii)	 reasonably likely to materially and adversely affect the business, assets or financial condition of any
Transaction Party, 

 has been disclosed to that Financier’s Financier Representative in writing; 

  
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	Common Terms Deed Poll	  	

  

	 	(n)	 (copies of documents): all copies of documents (including the Financial Reports or accounts and
Authorisations) given by it or on its behalf to any Financier Representative are true copies which are accurate and complete in all material respects; 

  

	 	(o)	 (title): it is the sole legal and beneficial owner of the assets included in its Financial Reports and
accounts and those assets are free of Encumbrances, other than Permitted Encumbrances; 

  

	 	(p)	 (law): 

  

	 	(i)	 it has complied with; and 

 

	 	(ii)	 the Business is in compliance with, 

all applicable laws (including any Environmental Law and all laws relating to Tax) in all applicable jurisdictions where failure to do so would
or is reasonably likely to have a Material Adverse Effect; 
  

	 	(q)	 (not a trustee): it does not: 

 

	 	(i)	 enter into any Finance Document as trustee of any trust and none of the Partnership Property is held by a
Partner as trustee of any trust; or 

  

	 	(ii)	 hold any assets as the trustee of any trust; 

 

	 	(r)	 (corporate tree): 

 

	 	(i)	 as at the date of this Deed Poll, the Shareholders legally and beneficially own and control (directly or
indirectly) 100% of the FOXTEL Group; 

  

	 	(ii)	 its only Subsidiaries are listed in the Group Structure Diagram; and 

 

	 	(iii)	 the Group Structure Diagram is true and correct in all respects and does not omit any material information or
details; 

  

	 	(s)	 (immunity from suit): it does not, and its assets do not, have immunity from the jurisdiction of a court
or from legal process; 

  

	 	(t)	 (no filings or Taxes): it is not necessary or desirable to ensure that any Finance Document is legal,
valid, binding or admissible in evidence, that any Finance Document be filed or registered with any Government Agency, or that any Tax be paid; 

  

	 	(u)	 (no Event of Default): no Event of Default is continuing or will result from the provision of any
financial accommodation under a Finance Document; 

  

	 	(v)	 (solvency): 

  

	 	(i)	 it is able to pay its debts as they fall due and has not suspended making payment of its debts generally, other
than debts owing in respect of Subordinated Debt; and 

  

	 	(ii)	 no Insolvency Event has occurred and is continuing in relation to it or will occur as a result of it entering
into any Finance Document to which it is expressed to be a party; 

  
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	 	(w)	 (ranking of obligations): its obligations under the Finance Documents (in all respects and at all times)
rank at least equally in right and priority of payment with all its other unsecured and unsubordinated obligations (actual or contingent, present or future) except for obligations mandatorily preferred by law; 

 

	 	(x)	 (commercial benefit): the entering into and performance by it of its obligations under the Material
Documents to which it is expressed to be a party is for its commercial benefit and is in its commercial interests; 

  

	 	(y)	 (own enquiries): it has relied on its own investigations and enquiries regarding the transactions
contemplated by the Finance Documents and has not relied on any information, advice or opinion (including as to interest rates, Swap Agreements or exchange rates) given or offered by or on the Financier’s behalf even if in answer to any enquiry
by or for it; 

  

	 	(z)	 (Insurances): 

 

	 	(i)	 all of the Insurances have been effected and are valid and binding; and 

 

	 	(ii)	 all premiums due have been paid and nothing has been done or omitted to be done which has made or could make
any such policy void or voidable or reduce the insurer’s liability under them; 

  

	 	(aa)	 (Material Adverse Effect): it is not aware of any event or circumstance which has had or is reasonably
likely to have a Material Adverse Effect; 

  

	 	(bb)	 (Taxes): it has paid all Taxes due and payable by it other than Taxes which are being contested in good
faith and otherwise in accordance with clause 5.11. 

  

	4.2	 Survival and repetition of representations and warranties 

The representations and warranties given under this Deed Poll: 
  

	 	(a)	 survive the execution of each Finance Document; and 

 

	 	(b)	 other than under clause 4.1 (m), are repeated in favour of each Financier with reference to the facts and
circumstances then subsisting on each date on which any financial accommodation is made available or rolled over by that Financier under that Financier’s Finance Documents. 

 

	4.3	 Reliance by Finance Parties 

Each Transaction Party acknowledges that each Finance Party has entered into each Finance Document to which it is a party in reliance on the
representations and warranties given to it under this Deed Poll. 
  

	5.	 Undertakings 

  

	5.1	 Provision of information and reports 

Each Transaction Party (other than the Partners) must provide to each Financier Representative (with sufficient copies for each Finance Party),
the following: 

  
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	 	(a)	 (Annual Financial Report): promptly after the same are available and in any event within
90 days after the end of the fiscal year of the FOXTEL Group, copies of an audited Financial Report of the FOXTEL Group (on an aggregated basis) for such year, setting forth in comparative form the figures for the previous fiscal year, all in
reasonable detail, prepared in accordance with the Accounting Standards, where applicable for special purpose accounts, and accompanied by an opinion thereon of independent public accountants of recognized international standing, which opinion shall
state that such Financial Report gives a true and fair view of the financial position of the FOXTEL Group’s financial performance for such fiscal year, and that the audit related to such Financial Report has been made in accordance with
Australian Accounting Standards (as such term is used and defined in such accountant’s opinion, and as the wording of such accountants’ opinion may be updated or amended from time to time in accordance with industry practice and
standards), where applicable for special purpose accounts together with a Compliance Certificate (which has been audited in respect of the matters referred to in paragraphs (a), (b) and (c) and (1) and (2) of that certificate) in respect
of the Calculation Period ending at the end of that financial year; 

  

	 	(b)	 (half yearly management accounts): promptly and no later than 30 Business Days after the
end of each financial half year, copies of the unaudited half-yearly management accounts of the FOXTEL Group (on an aggregated basis) for that financial half year together with evidence satisfactory to each Financier Representative that the accounts
have been reviewed and approved by 2 directors of FOXTEL; 

  

	 	(c)	 (Compliance Certificate): promptly and no later than 30 Business Days after the end of
each calendar quarter, a Compliance Certificate signed by 2 directors of FOXTEL; 

  

	 	(d)	 (Group Structure Diagram): an updated Group Structure Diagram on each occasion that the
then current Group Structure Diagram becomes incorrect or misleading; 

  

	 	(e)	 (Approved Hedging Policy): promptly after its approval by the directors of FOXTEL, a copy
of any amended Approved Hedging Policy; and 

  

	 	(f)	 (other information): promptly after a request is made, any other information which a
Financier Representative reasonably requests in relation to the Business or the financial condition of FOXTEL or any member of the FOXTEL Group. 

  

	5.2	 Financial Reports and accounts 

Each Transaction Party (other than the Partners) must: 
  

	 	(a)	 (proper accounts): 

 

	 	(i)	 ensure that the accounts it provides under clause 5.1 are prepared in accordance with the Accounting Standards
(except to the extent disclosed in the accounts) and applicable laws; and 

  

	 	(ii)	 keep accounting records which give a true and fair view of its financial condition and state of affairs;

  
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	 	(b)	 (financial year): not change its financial year without prior notice to each Financier Representative;

  

	 	(c)	 (Auditors): not change its Auditors other than to an Approved Auditor; and

  

	 	(d)	 (basis of preparation):  

 

	 	(i)	 notify each Financier Representative if, at any time, it changes or proposes to change the reference periods or
the basis upon which its Financial Reports or accounts are prepared; and 

  

	 	(ii)	 if a Financier Representative is of the opinion (acting reasonably) that the change is material and so
requires, provide to that Financier Representative: 

  

	 	(A)	 a description of all of the adjustments which are required to be made to the Financial Reports or accounts, so
that the Financial Reports and accounts reflect the basis upon which they were prepared before such change was made; and 

  

	 	(B)	 sufficient information, in a form and substance reasonably required by the relevant Financier Representative,
to enable the Financiers to determine whether the Financial Ratios have been complied with and to make an accurate comparison between the financial position indicated in those financial statements and the financial position indicated in the
Financial Reports prepared and presented before such change was made. 

  

	5.3	 Notices 

Each Transaction Party (other than the Partners) must notify each Financier Representative promptly after it becomes aware of: 

 

	 	(a)	 any Default occurring; 

 

	 	(b)	 any proposal of any Government Agency to compulsorily acquire any of its property with an aggregate value in
excess of $10,000,000; 

  

	 	(c)	 any litigation, arbitration, Tax claim, dispute or administration or other proceeding being commenced or
threatened which: 

  

	 	(i)	 in any way questions its power or authority to enter into or perform its obligations under any Material
Document to which it is expressed to be a party; 

  

	 	(ii)	 involves a potential liability for the Transaction Party (whether by itself or in combination with another
person) in excess of $10,000,000 or, when aggregated with other claims, disputes or proceedings, $25,000,000 (provided that, where notice has been given under this paragraph because the relevant threshold has been exceeded, further notifications
under this paragraph are only required as further $10,000,000 increments above the relevant threshold are reached); or 

  
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	 	(iii)	 would be reasonably likely to result in the occurrence of an Insolvency Event or to have a Material Adverse
Effect; 

  

	 	(d)	 any breach of or default or other event or circumstance under, any Material Document which, with notice, time
or both could lead to its termination, revocation, cancellation, suspension or variation; 

  

	 	(e)	 any change in its Officers, together with a specimen signature of any new Officer appointed and, where
requested by a Financier Representative, evidence satisfactory to that Financier Representative of the authority of any Officer; and 

  

	 	(f)	 any intention by it to exercise any right, power or remedy under any Material Document as a consequence of any
default where termination of that document is reasonably likely to have a Material Adverse Effect. 

  

	5.4	 Disposal of assets 

A Transaction Party must not sell, assign or transfer or otherwise dispose of, part with possession of, or create an interest in, any of its
assets or agree or attempt to do so (whether in one or more related or unrelated transactions) except: 
  

	 	(a)	 by way of the grant of a Permitted Encumbrance; 

 

	 	(b)	 by disposal to another member of the FOXTEL Group; 

 

	 	(c)	 disposals in the ordinary course of day to day trading at arms length; 

 

	 	(d)	 disposals of assets in exchange for other assets of comparable value and utility or where the proceeds of such
disposal are, within 90 days, used to acquire other assets of comparable value for use in relation to the Business; 

  

	 	(e)	 disposals of worn out, obsolete or redundant assets; 

 

	 	(f)	 disposals on arms length terms of assets not required for the efficient operation of the Business;

  

	 	(g)	 disposals on arms length terms of other assets not otherwise permitted under this clause provided that where
the aggregate net after tax consideration received in respect of such disposals in any 12 month period exceeds 10% of the Total Assets of the FOXTEL Group, FOXTEL will ensure that within 120 days such excess is applied: 

 

	 	(i)	 in purchasing assets relevant to the Business; or 

 

	 	(ii)	 in repayment or prepayment of the principal amount outstanding under the Finance Documents and any other
Finance Debt the FOXTEL Group is required to repay or prepay, rateably in proportion to the outstanding principal amount of all such debt, and cancellation of the corresponding undrawn commitment under that Finance Document; or

  

	 	(h)	 with the prior written consent of each Financier Representative (which consent must not be withheld in the case
of a disposal by a Partner of any of its interest in the FOXTEL Partnership or the FOXTEL Television Partnership where that disposal does not result in an Event of Default under clause 6.1(p)). 

  
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	5.5	 Negative pledge 

 

	 	(a)	 No member of the FOXTEL Group may create or allow to exist or agree to any Encumbrance over any of its assets
(or, in the case of a Partner, over any of its interests in the FOXTEL Partnership or the FOXTEL Television Partnership) other than a Permitted Encumbrance. 

  

	 	(b)	 No member of the FOXTEL Group may acquire an asset which is, or upon its acquisition will be, subject to an
Encumbrance which is not a Permitted Encumbrance. 

  

	 	(c)	 No member of the FOXTEL Group may acquire an asset which would materially alter the nature of the Business
taken as a whole. 

  

	 	(d)	 No member of the FOXTEL Group may enter into any arrangement which, if complied with, would prevent any member
of the FOXTEL Group from complying with its obligations under the Finance Documents. 

  

	5.6	 Financial accommodation 

A Transaction Party (other than a Partner in its personal capacity) must not: 

 

	 	(a)	 advance money or make available financial accommodation to or for the benefit of; or 

 

	 	(b)	 give a Guarantee or Encumbrance in connection with an obligation or liability of, any person, other than
Permitted Financial Accommodation. 

  

	5.7	 Insurance 

  

	 	(a)	 (General requirement): Each Transaction Party must take out and maintain insurance with reputable
insurers for amounts and against risks which are reasonable and prudent in accordance with Good Business Practice. 

  

	 	(b)	 (Payment of premiums): Each Transaction Party must punctually pay all premiums, commissions, Tax and
other amounts necessary to effect and maintain in force each insurance policy required to comply with paragraph (a) above. 

  

	 	(c)	 (Deliver documents): Each Transaction Party must upon request promptly deliver to each Financier
Representative: 

  

	 	(i)	 adequate evidence as to the existence and currency of the insurances required under this clause 5.7; and

  

	 	(ii)	 any other detail which a Financier Representative may reasonably require in relation to those insurances.

  

	5.8	 Restrictions on Distributions 

A Transaction Party (other than a Partner in respect of assets or funds unrelated to the Partnership Property) must not make any Distribution
(including in respect of Subordinated Debt) if a Default is continuing or would result from the Distribution. 

  
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	5.9	 Restrictions on dealings 

A Transaction Party (other than a Partner in its personal capacity) must not without each Financier Representative’s prior consent: 

 

	 	(a)	 enter into an agreement; 

 

	 	(b)	 acquire or dispose of an asset; 

 

	 	(c)	 obtain or provide a service; 

 

	 	(d)	 obtain a right or incur an obligation; or 

 

	 	(e)	 implement any other transaction, 

with any person (other than a Transaction Party or a member of the FOXTEL Group) unless it does so on terms which are no less favourable to it
than arm’s length terms. 
  

	5.10	 Restrictions on fees 

A Transaction Party (other than a Partner in its personal capacity) must not pay any director fees, management fees, consultancy fees or other
like payments to any Transaction Party or any director, Associate, or Related Body Corporate of a Transaction Party unless those fees or other payments are: 
  

	 	(a)	 reasonable and are no more or less favourable than it is reasonable to expect would be the case if the relevant
persons were dealing with each other at arm’s length; 

  

	 	(b)	 continuations of fees and payments included in the financial model for the FOXTEL Group provided to each
Financier Representative before the date of this Deed Poll; 

  

	 	(c)	 paid to a member of the FOXTEL Group; or 

 

	 	(d)	 paid with each Financier Representative’s prior consent. 

 

	5.11	 Payment of Taxes 

Each Transaction Party (other than a Partner in its personal capacity) must pay all Taxes assessed, levied or imposed on it when due, but: 

 

	 	(a)	 a Transaction Party may elect not to pay Taxes that are being contested in good faith except where failure to
pay such Taxes is reasonably likely to have a Material Adverse Effect; and 

  

	 	(b)	 to the extent liable, it pays those Taxes on the final determination or settlement of the contest.

  

	5.12	 Financial Ratios 

 

	 	(a)	 Interest Cover Ratio 

FOXTEL must ensure that the Interest Cover Ratio for the Calculation Period ending on any Calculation Date is equal to or greater than 3.50:1.

  

	 	(b)	 Total Debt to EBITDA Ratio 

FOXTEL must ensure that the Total Debt to EBITDA Ratio for the Calculation Period ending on any Calculation Date is equal to or less than
3.75.1. 

  
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	5.13	 Undertakings relating to the Business 

Each Transaction Party (other than a Partner in its personal capacity) must: 

 

	 	(a)	 (performance of the Business): 

 

	 	(i)	 ensure that the Business is operated and maintained in accordance with all material applicable laws and
material authorisations and Good Business Practice; and 

  

	 	(ii)	 not engage in any business other than business which does not materially alter the nature of the Business taken
as a whole; 

  

	 	(b)	 (compliance with and enforcement of Material Documents): 

 

	 	(i)	 comply with its material obligations under each Material Document to which it is expressed to be a party;

  

	 	(ii)	 enforce each Material Document to which it is expressed to be a party and its rights, powers and remedies under
those documents; 

  

	 	(iii)	 exercise its rights, authorities and discretions under each Material Document to which it is expressed to be a
party prudently; and 

  

	 	(iv)	 use reasonable efforts to ensure that the Material Documents are at all times valid and enforceable;

  

	 	(c)	 (compliance with law): comply with all laws (including Environmental Laws) and legal requirements,
including each judgement, award, decision, finding or any other determination of a Government Agency, which applies to it or is binding on it or any of its assets where failure to do so would or is reasonably likely to have a Material Adverse
Effect; 

  

	 	(d)	 (compliance with Authorisations): obtain, maintain and comply with each Authorisation which is:

  

	 	(i)	 required in relation to the execution, delivery and performance by it of each Material Document to which it is
a party and the transactions contemplated by those documents; 

  

	 	(ii)	 required in relation to the validity and enforceability of each Material Document to which it is a party; or

  

	 	(iii)	 material to the conduct of the Business; and 

 

	 	(e)	 (Intellectual Property): 

 

	 	(i)	 own or have the right and licence to use the Intellectual Property; and 

 

	 	(ii)	 maintain, preserve and protect the Intellectual Property, 

where failure to do so would or is reasonably likely to have a Material Adverse Effect. 

  
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	5.14	 Undertakings relating to structure and corporate matters 

Each Transaction Party (other than a Partner in its personal capacity) must: 

 

	 	(a)	 (corporate existence): 

 

	 	(i)	 do everything necessary to maintain its corporate existence in good standing; 

 

	 	(ii)	 continue to carry on the Business through the FOXTEL Group; 

 

	 	(iii)	 not transfer its jurisdiction of incorporation or enter into any scheme of arrangement, merger or
consolidation; and 

  

	 	(iv)	 not enter into or effect any other scheme under which it ceases to exist or under which the assets and/or
liabilities of itself are vested in or assumed by any other person; 

  

	 	(b)	 (guarantor group): if at any time a Compliance Certificate demonstrates that:

  

	 	(i)	 the Total Assets of the Transaction Parties is less than 90% of the Total Assets of the FOXTEL Group; or

  

	 	(ii)	 the aggregate contribution of the Transaction Parties to EBITDA is less than 90% of the EBITDA of the FOXTEL
Group for the 12 month period to the most recent Calculation Date, 

 FOXTEL shall ensure that such members of the FOXTEL
Group become Guarantors in accordance with this Deed Poll as may be required so that the aggregate contribution to Total Assets or EBITDA of the Transaction Parties exceeds 90% of Total Assets or EBITDA of the FOXTEL Group within 45 days after the
date of the Compliance Certificate; 
  

	 	(c)	 (ratification): as holder of shares, units or any other direct or indirect interest in any other member
of the FOXTEL Group, ratify and confirm the execution, delivery and performance by that member of the FOXTEL Group of each Finance Document to which that member of the FOXTEL Group is expressed to be a party. It will be taken to have ratified and
confirmed the execution, delivery and performance of each Finance Document to which any entity in which it has such an interest is at any time expressed to be party; 

 

	 	(d)	 (maintain capital): not: 

 

	 	(i)	 pass a resolution under section 254N of the Corporations Act; 

 

	 	(ii)	 reduce or pass a resolution to reduce its capital (including a purchase or
buy-back of its shares but excluding a Permitted Distribution or a redemption of redeemable shares which constitute Finance Debt) without the prior consent of each Financier Representative (such consent not to
be unreasonably withheld or delayed); or 

  

	 	(iii)	 attempt or take any steps to do anything which it is not permitted to do under paragraphs (i) or (ii)
above; 

  

	 	(e)	 (amendments to constitution): not amend its constitution or any other constituent document of it in a
manner which adversely affects any Finance Party without each Financier Representative’s prior written consent (which consent must not be unreasonably withheld); and 

  
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	Common Terms Deed Poll	  	

  

	 	(f)	 (consolidated group): not become a member of any consolidated group (within the meaning of
the New Business Tax System (Consolidation) Act No. 1) 2002 (Cth) without the prior written consent of each Financier Representative. 

  

	5.15	 Swap Agreements 

Each relevant Transaction Party must enter into Swap Agreements in accordance with the Approved Hedging Policy. 

 

	5.16	 Ranking 

Each Transaction Party must ensure that its obligations under each Finance Document (in all respects and at all times) rank at least equally
and rateably in right and priority of payment with all its other unsecured and unsubordinated obligations (actual or contingent, present or future) except obligations mandatorily preferred by law. 

 

	5.17	 Most favoured status 

Unless each Financier Representative otherwise agrees in writing, if at any time a Transaction Party incurs Finance Debt in a principal amount
equal to or in excess of A$50,000,000 and the provisions applying to that Finance Debt contain financial ratios and definitions relating to those financial ratios (the Core Provisions) and the Financiers either: 

 

	 	(a)	 do not have the benefit of provisions under this Deed Poll which are in all material respects identical
(subject to any necessary consequential changes) to those Core Provisions; or 

  

	 	(b)	 have the benefit of provisions under this Deed Poll which are in all material respects identical (subject to
any necessary consequential changes) to those Core Provisions but on terms that are less favourable to the Financiers than the Core Provisions, 

the Transaction Party must notify each Financier Representative of the Core Provisions and at the request of a Financier Representative
promptly ensure that the Financier Representative’s Financiers are given the benefit of financial ratios and definitions relating to those financial ratios which are in all material respects identical to the Core Provisions. 

5.18 Term of undertakings 
 Unless a
Financier Representative (acting in accordance with the relevant Finance Documents) otherwise agrees in writing, until: 
  

	 	(a)	 all of the commitments of the Financiers under the Finance Documents are cancelled; and 

 

	 	(b)	 the Guaranteed Moneys are Finally Paid, 

each Transaction Party must, at its own cost, comply with its undertakings in this clause 5. 

  
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	Common Terms Deed Poll	  	

  

	6.	 Events of Default 

 

	6.1	 Events of Default 

It is an Event of Default, whether or not it is Within the control of a Transaction Party, if: 

 

	 	(a)	 (failure to pay): a Transaction Party fails to pay or repay any part of the Guaranteed Moneys within 3
Business Days of its due date; 

  

	 	(b)	 (Financial Ratios): a Transaction Party breaches a Financial Ratio; 

 

	 	(c)	 (failure to perform): a Transaction Party fails to perform any other undertaking or obligation of it
under any Finance Document and, if the failure is capable of remedy, the Transaction Party does not remedy the failure within 14 Business Days of the earlier of the date the Transaction Party: 

 

	 	(i)	 becomes aware of the failure; or 

 

	 	(ii)	 receives notice from a Financier Representative to the Transaction Party specifying the failure;

  

	 	(d)	 (misrepresentation): any representation or warranty or statement of a Transaction Party under a Finance
Document is incorrect or misleading in a material respect when made or repeated and, if the circumstances which result in such representation, warranty or statement being incorrect or misleading are capable of remedy, those circumstances are not
remedied within 14 Business Days of the earlier of the date the Transaction Party: 

  

	 	(i)	 becomes aware of; or 

 

	 	(ii)	 receives notice from a Financier Representative to the Transaction Party specifying, 

the breach of representation or warranty; 
  

	 	(e)	 (cross default): any Finance Debt of a Transaction Party in an amount in excess of $25,000,000:

  

	 	(i)	 is not paid when due (after taking into account any applicable grace period); or 

 

	 	(ii)	 becomes due and payable, or becomes capable of being declared due and payable, before the scheduled date for
payment other than because of the exercise by the Transaction Party of a voluntary right of prepayment or termination and: 

  

	 	(A)	 the creditor is not paid; or 

 

	 	(B)	 the creditor’s right to be repaid prematurely is not rescinded or annulled, 

within 10 Business Days of the date on which the Finance Debt becomes prematurely due and payable; 

  
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	 	(f)	 (administration, winding up, arrangements, insolvency etc): any of the following occur:

  

	 	(i)	 an administrator is appointed, or any steps are taken to appoint an administrator, to a Transaction Party;

  

	 	(ii)	 a liquidator or a provisional liquidator is appointed, or any steps are taken to appoint a liquidator or a
provisional liquidator in respect of a Transaction Party (unless, in the case of an application or step taken, the application or step taken is frivolous or vexatious and the application or step taken is withdrawn within 20 Business Days);

  

	 	(iii)	 except for the purpose of a solvent reconstruction, restructure or amalgamation of a Transaction Party carried
out with the prior written consent of each Financier Representative, an application or an order is made, proceedings are commenced, a resolution is passed or proposed in a notice of meeting, an application to a court is made or other steps are
taken: 

  

	 	(A)	 for the winding up or dissolution of any Transaction Party; or 

 

	 	(B)	 in relation to the entry into of any arrangement, composition or compromise with, or assignment for the benefit
of, any of its creditors or a class of them, 

 (unless, in the case of an application or step taken, the application or
step taken is frivolous or vexatious and the application or step taken is withdrawn within 20 Business Days); 
  

	 	(iv)	 a Transaction Party: 

 

	 	(A)	 ceases, suspends or threatens to cease or suspend the conduct of the Business, without the prior written
consent of each Financier Representative; 

  

	 	(B)	 is, or under the Corporations Act is presumed, deemed or taken to be, insolvent (other than as the result of a
failure to pay a debt or claim the subject of a good faith dispute or where it is otherwise able to prove to each Financier Representative that it is solvent); 

 

	 	(C)	 is, or states that it is, insolvent or unable to pay its debts when they are due; 

 

	 	(D)	 stops or suspends or threatens to stop or suspend payment of all or a class of its debts;

  

	 	(E)	 takes any steps to obtain protection or is granted protection from its creditors under the laws of any
applicable jurisdiction; 

  

	 	(F)	 is wound up or dissolved (other than for the purpose of a reconstruction or amalgamation while solvent on terms
approved by each Financier Representative in writing before the relevant event occurs); 

  

	 	(G)	 is deregistered, or any steps are taken for its deregistration; or 

 

	 	(H)	 implements a creditors scheme of arrangement with any person; 

  
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	 	(g)	 (enforcement against assets): 

 

	 	(i)	 an official manager, administrator, receiver, receiver and manager, other Controller, trustee in bankruptcy or
any similar official is appointed, or any steps are taken to appoint any such person, to; 

  

	 	(ii)	 any Encumbrance is enforced or becomes capable of being enforced; or 

 

	 	(iii)	 a distress, attachment, execution or other process of a Government Agency is issued against, levied, entered
upon or enforced over, 

 a Transaction Party, or over any asset or assets of a Transaction Party with an aggregate value
exceeding $25,000,000 (as the case may be); 
  

	 	(h)	 (judgment): a judgment in an amount exceeding $25,000,000 is obtained against a Transaction Party and is
not set aside, satisfied or appealed (and if appealed, is not required to be paid as a consequence of the lodgement of that appeal) within 21 Business Days, or such later period as each Financier Representative agrees in writing;

  

	 	(i)	 (reduction of capital): without the prior consent of each Financier Representative (such consent not to
be unreasonably withheld or delayed), a Transaction Party: 

  

	 	(i)	 reduces its capital (including a purchase of its shares but excluding a Permitted Distribution or a redemption
of redeemable shares); 

  

	 	(ii)	 passes a resolution to reduce its capital (excluding a Permitted Distribution or a redemption of redeemable
shares) or to authorise it to purchase its shares or passes a resolution under chapter 2J of the Corporations Act 2001 or an equivalent provision; or 

  

	 	(iii)	 applies to a court to call any such meeting or to sanction any such resolution or reduction;

  

	 	(j)	 (analogous process): anything analogous to anything referred to in paragraphs (f) to (i) inclusive,
or which has a substantially similar effect, occurs with respect to any Transaction Party under any law; 

  

	 	(k)	 (vitiation of Finance Documents): 

 

	 	(i)	 all or any material part of a Finance Document is terminated or is or becomes void, voidable, illegal, invalid,
unenforceable or of limited force and effect; or 

  

	 	(ii)	 any party becomes entitled to terminate, rescind or avoid all or any material part of a Finance Document;

  

	 	(l)	 (vitiation of other documents): 

 

	 	(i)	 all or any material part of a Material Document is terminated or is or becomes void, voidable, illegal,
invalid, unenforceable or of limited force and effect and FOXTEL does not demonstrate to the satisfaction of each Financier Representative (acting in good faith) within 10 Business Days that such event will not have a Material Adverse Effect; or

  
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	 	(ii)	 unless FOXTEL demonstrates to the satisfaction of each Financier Representative (acting in good faith) within
10 Business Days that such event will not have a Material Adverse Effect, any Transaction Party breaches or is in default under any provision of a Material Document which breach or default gives rise to a right of termination or rescission under the
relevant Material Document, and, where the Transaction Party is afforded a cure period under that Material Document in respect of that breach or default, the Transaction Party does not diligently seek to remedy that breach or default, or that breach
or default is not remedied within that cure period. The Transaction Party must notify each Financier Representative in writing of the remedy being pursued by it and shall keep each Financier Representative regularly informed of its progress and it
shall be an Event of Default if at any time the Transaction Party fails or ceases to diligently pursue that remedy; 

  

	 	(m)	 (amendment of constitution): the constitution or other constituent documents of any Transaction Party is
amended in a manner which adversely affects any Finance Party without each Financier Representative’s prior written consent; 

  

	 	(n)	 (Authorisations): an Authorisation which is required or necessary for: 

 

	 	(i)	 the performance by any Transaction Party of its obligations under any Material Document; 

 

	 	(ii)	 the validity and enforceability of any Material Document; or 

 

	 	(iii)	 the conduct of the Business, is:  

 

	 	(A)	 repealed, revoked, terminated or expires; or 

 

	 	(B)	 modified or amended, 

and such action has had or will have a Material Adverse Effect, 

and is not replaced by another equivalent Authorisation acceptable to each Financier Representative (acting reasonably) prior to that event
occurring; 
  

	 	(o)	 (material adverse change): any other event or series of events occurs (including a material adverse
change in the Business, assets or financial condition of any Transaction Party), which has had or is, in the opinion of the Financier Representatives (acting in good faith), reasonably likely to have a Material Adverse Effect; 

 

	 	(p)	 (change of control): without the prior consent of each Financier Representative, the Shareholders (or
any of them) cease to legally and beneficially own and control (directly or indirectly) at least 60% of the FOXTEL Group; 

  

	 	(q)	 (compulsory acquisition): 

 

	 	(i)	 all or any material part of the assets and undertaking of the FOXTEL Group is compulsorily acquired by or by
order of a Government Agency or under law;  

  
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	 	(ii)	 a Government Agency orders the sale, vesting or divesting of all or any material part of the assets and
undertaking of the FOXTEL Group; or 

  

	 	(iii)	 a Government Agency takes a step for the purpose of any of the above, 

in each case, where the value of the assets and undertaking of the FOXTEL Group concerned exceeds $25,000,000; 

 

	 	(r)	 (Subordinated Debt): any person providing Subordinated Debt breaches any material representation,
warranty or undertaking given by it under the Subordination Deed; and 

  

	 	(s)	 (Intellectual Property): 

 

	 	(i)	 any Transaction Party ceases to own, or to have the right and licence to use, the Intellectual Property; or

  

	 	(ii)	 any person claims or alleges that any Transaction Party is infringing its rights in relation to Intellectual
Property, 

 and such cessation or claim has or is reasonably likely to have a Material Adverse Effect. 

 

	6.2	 Effect of Event of Default 

 

	 	(a)	 At any time while an Event of Default is continuing, a Financier Representative may, and if so directed in
accordance with the relevant Finance Documents must, by notice to FOXTEL declare that: 

  

	 	(i)	 the Guaranteed Moneys are immediately due and payable to the relevant Finance Parties; or

  

	 	(ii)	 the commitment of the relevant Financiers under the Finance Documents is cancelled, 

or make each of the declarations under clauses 6.2(a)(i) and (ii). 
  

	 	(b)	 FOXTEL must immediately repay the Guaranteed Moneys on receipt of a notice under clause 6.2(a)(i).

  

	7.	 Financial Calculations 

A Financial Ratio will apply on and from the Calculation Date in respect of which it was finally determined until the next Calculation Date.

  

	8.	 Guarantee 

  

	8.1	 Guarantee 

The Guarantors jointly and severally, unconditionally and irrevocably guarantee to each Indemnified Party the payment of the Guaranteed Moneys
due to each Indemnified Party. 

  
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	8.2	 Payment 

  

	 	(a)	 If the Guaranteed Moneys are not paid when due, each Guarantor must immediately on demand from the relevant
Financier Representative pay to that Financier Representative for the account of its Financiers the Guaranteed Moneys in the same manner and currency as the Guaranteed Moneys are required to be paid. 

 

	 	(b)	 A demand under clause 8.2(a) may be made at any time and from time to time. 

 

	8.3	 Securities for other money 

Each Indemnified Party may apply any amounts received by it or recovered under any document or agreement which is a security for any of the
Guaranteed Moneys and any other money in the manner it determines in its absolute discretion. 
  

	8.4	 Amount of Guaranteed Moneys 

 

	 	(a)	 This clause 8 applies to any amount which forms part of the Guaranteed Moneys from time to time.

  

	 	(b)	 The obligations of each Guarantor under this clause 8 extend to any increase in the Guaranteed Moneys as a
result of: 

  

	 	(i)	 any amendment, supplement, renewal or replacement of any Finance Document to which a Transaction Party and any
Indemnified Party is a party; or 

  

	 	(ii)	 the occurrence of any other thing. 

 

	 	(c)	 Clause 8.4(b): 

  

	 	(i)	 applies regardless of whether any Guarantor is aware of or consented to or is given notice of any amendment,
supplement, renewal or replacement of any agreement to which a Transaction Party and any Indemnified Party is a party or the occurrence of any other thing; and 

 

	 	(ii)	 does not limit the obligations of any Guarantor under this clause 8. 

 

	8.5	 Proof by Indemnified Parties 

In the event of the liquidation of a Transaction Party, each Guarantor irrevocably authorises each Indemnified Party to prove for all money
which any Guarantor has paid or is or may be obliged to pay under any Finance Document, any other document or agreement or otherwise in respect of the Guaranteed Moneys. 
  

	 	8.6	 Avoidance of payments 

 

	 	(a)	 If any payment, conveyance, transfer or other transaction relating to or affecting the Guaranteed Moneys is:

  

	 	(i)	 void, voidable or unenforceable in whole or in part; or 

 

	 	(ii)	 claimed to be void, voidable or unenforceable and that claim is upheld, conceded or compromised in whole or in
part, 

  
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 the liability of each Guarantor under this clause 8 and any Power is the same as if: 

 

	 	(iii)	 that payment, conveyance, transfer or transaction (or the void, voidable or unenforceable part of it); and

  

	 	(iv)	 any release, settlement or discharge made in reliance on any thing referred to in clause 8.6(a)(iii),

 had not been made and each Guarantor must immediately take all action and sign all documents necessary or required by a
Financier Representative to restore to each Indemnified Party the benefit of this clause 8. 
  

	 	(b)	 Clause 8.6(a) applies whether or not any Indemnified Party knew, or ought to have known, of anything referred
to in clause 8.6(a). 

  

	8.7	 Indemnity for avoidance of Guaranteed Moneys 

 

	 	(a)	 If any of the Guaranteed Moneys (or money which would have been Guaranteed Moneys if it had not been
irrecoverable) are irrecoverable by any Indemnified Party from: 

  

	 	(i)	 any Transaction Party; or 

 

	 	(ii)	 a Guarantor on the footing of a guarantee, 

the Guarantors jointly and severally, unconditionally and irrevocably, and as a separate and principal obligation: 

 

	 	(iii)	 indemnify each Indemnified Party against any Loss suffered, paid or incurred by that Indemnified Party in
relation to the non payment of that money; and 

  

	 	(iv)	 must pay to the relevant Financier Representative for the account of that Indemnified Party an amount equal to
that Loss. 

  

	 	(b)	 Clause 8.7(a) applies to the Guaranteed Moneys (or money which would have been Guaranteed Moneys if it had not
been irrecoverable) which are or may be irrecoverable irrespective of whether: 

  

	 	(i)	 they are or may be irrecoverable because of any event described in clause 8.12; 

 

	 	(ii)	 they are or may be irrecoverable because of any other fact or circumstance; 

 

	 	(iii)	 the obligations or liabilities or any of them relating to that money are void or illegal or avoided or
otherwise unenforceable; and 

  

	 	(iv)	 any matters relating to the Guaranteed Moneys are or should have been within the knowledge of any Indemnified
Party. 

  

	8.8	 No obligation to marshal 

An Indemnified Party is not required to marshal or to enforce or apply under or appropriate, recover or exercise: 

 

	 	(a)	 any Encumbrance, Guarantee or other document or agreement held, at any time, by or on behalf of that or any
other Indemnified Party; or 

  

	 	(b)	 any money or asset which that Indemnified Party, at any time, holds or is entitled to receive.

  
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	8.9	 Non exercise of Guarantors’ rights 

A Guarantor must not exercise any rights it may have inconsistent with this clause 8. 

 

	8.10	 Principal and independent obligation 

 

	 	(a)	 This clause 8 is: 

  

	 	(i)	 a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation;
and 

  

	 	(ii)	 independent of and not in substitution for or affected by any other guarantee or security which any Indemnified
Party may hold in respect of the Guaranteed Moneys or any obligations of any Transaction Party or any other person. 

  

	 	(b)	 This clause 8 is enforceable against a Guarantor: 

 

	 	(i)	 whether or not any Indemnified Party has: 

 

	 	(A)	 made demand on any Transaction Party (other than any demand specifically required to be given, or notice
required to be issued, to a Guarantor under clause 8.2 or any other provision of a Finance Document); 

  

	 	(B)	 given notice to any Transaction Party or any other person in respect of any thing; or 

 

	 	(C)	 taken any other steps against any Transaction Party or any other person; 

 

	 	(ii)	 whether or not any Guaranteed Moneys are then due and payable; and 

 

	 	(iii)	 despite the occurrence of any event described in clause 8.12. 

 

	8.11	 Suspense account 

 

	 	(a)	 Each Indemnified Party may apply to the credit of a suspense account any: 

 

	 	(i)	 amounts received under this clause 8; 

 

	 	(ii)	 dividends, distributions or other amounts received in respect of the Guaranteed Moneys in any liquidation; and

  

	 	(iii)	 other amounts received from a Transaction Party or any other person in respect of the Guaranteed Moneys.

  

	 	(b)	 Each Indemnified Party may retain the amounts in the suspense account for as long as it determines and is not
obliged to apply them in or towards satisfaction of the Guaranteed Moneys. 

  
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	8.12	 Unconditional nature of obligations 

 

	 	(a)	 This clause 8 and the obligations of each Guarantor under the Finance Documents are not released or discharged
or otherwise affected by anything which but for this provision might have that effect, including: 

  

	 	(i)	 the grant to any Transaction Party or any other person of any time, waiver, covenant not to sue or other
indulgence; 

  

	 	(ii)	 the release (including a release as part of any novation) or discharge of any Transaction Party or any other
person; 

  

	 	(iii)	 the cessation of the obligations, in whole or in part, of any Transaction Party or any other person under any
Finance Document or any other document or agreement; 

  

	 	(iv)	 the liquidation of any Transaction Party or any other person; 

 

	 	(v)	 any arrangement, composition or compromise entered into by any Indemnified Party, any Transaction Party or any
other person; 

  

	 	(vi)	 any Finance Document or any other document or agreement being in whole or in part illegal, void, voidable,
avoided, unenforceable or otherwise of limited force or effect; 

  

	 	(vii)	 any extinguishment, failure, loss, release, discharge, abandonment, impairment, compounding, composition or
compromise, in whole or in part, of any Finance Document or any other document or agreement; 

  

	 	(viii)	 any alteration, amendment, variation, supplement, renewal or replacement of any Finance Document or any other
document or agreement; 

  

	 	(ix)	 any moratorium or other suspension of any Power; 

 

	 	(x)	 any Indemnified Party exercising or enforcing, delaying or refraining from exercising or enforcing, or being
not entitled or unable to exercise or enforce any Power; 

  

	 	(xi)	 any Indemnified Party obtaining a judgment against any Transaction Party or any other person for the payment of
any of the Guaranteed Moneys; 

  

	 	(xii)	 any transaction, agreement or arrangement that may take place with any Indemnified Party, any Transaction Party
or any other person; 

  

	 	(xiii)	 any payment to any Indemnified Party including any payment which at the payment date or at any time after the
payment date is in whole or in part illegal, void, voidable, avoided or unenforceable; 

  

	 	(xiv)	 any failure to give effective notice to any Transaction Party or any other person of any default under any
Finance Document or any other document or agreement; 

  

	 	(xv)	 any legal limitation, disability or incapacity of any Transaction Party or of any other person;

  
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	 	(xvi)	 any breach of any Finance Document or any other document or agreement; 

 

	 	(xvii)	 the acceptance of the repudiation of, or termination of, any Finance Document or any other document or
agreement; 

  

	 	(xviii)	 any Guaranteed Moneys being irrecoverable for any reason; 

 

	 	(xix)	 any disclaimer by any Transaction Party or any other person of any Finance Document or any other document or
agreement; 

  

	 	(xx)	 any assignment, novation, assumption or transfer of, or other dealing with, any Powers or any other rights or
obligations under any Finance Document or any other document or agreement; 

  

	 	(xxi)	 the opening of a new account of any Transaction Party with any Indemnified Party or any transaction on or
relating to the new account; 

  

	 	(xxii)	 any prejudice (including material prejudice) to any person as a result of: 

 

	 	(A)	 any thing done or omitted by any Indemnified Party, any Transaction Party or any other person;

  

	 	(B)	 any failure or neglect by any Indemnified Party or any other person to recover the Guaranteed Moneys from any
Transaction Party; or 

  

	 	(C)	 any other thing; 

  

	 	(xxiii)	 the receipt by any Indemnified Party of any dividend, distribution or other payment in respect of any
liquidation; 

  

	 	(xxiv)	 the failure of any other Guarantor or any other person who is intended to become a co-surety or co-indemnifier of that Guarantor to execute this agreement or any other document; or 

 

	 	(xxv)	 any other act, omission, matter or thing whether negligent or not. 

 

	 	(b)	 Clause 8.12(a) applies irrespective of: 

 

	 	(i)	 the consent or knowledge or lack of consent or knowledge, of any Indemnified Party, any Transaction Party or
any other person of any event described in clause 8.12(a); or 

  

	 	(ii)	 any rule of law or equity to the contrary. 

 

	8.13	 No competition 

 

	 	(a)	 Until the Guaranteed Moneys have been fully paid and this clause 8 has been finally discharged, a Guarantor is
not entitled to: 

  

	 	(i)	 be subrogated to any Indemnified Party; 

 

	 	(ii)	 claim or receive the benefit of: 

 

	 	(A)	 any Encumbrance, Guarantee or other document or agreement of which any Indemnified Party has the benefit;

  

	 	(B)	 any moneys held by any Indemnified Party; or 

 

	 	(C)	 any Power; 

  
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	 	(iii)	 either directly or indirectly to prove in, claim or receive the benefit of any distribution, dividend or
payment arising out of or relating to the liquidation of any Transaction Party liable to pay the Guaranteed Moneys, except in accordance with clause 8.13(b); 

  

	 	(iv)	 make a claim or exercise or enforce any right, power or remedy by way of contribution against any Transaction
Party liable to pay the Guaranteed Moneys; or 

  

	 	(v)	 raise any defence or counterclaim in reduction or discharge of its obligations under this clause 8

  

	 	(b)	 If required by any Indemnified Party, a Guarantor must prove in any liquidation of any Transaction Party liable
to pay the Guaranteed Moneys for all money owed to the Guarantor in accordance with the Indemnified Party’s instructions. 

  

	 	(c)	 All money recovered by a Guarantor in breach of this clause 8.13 from any liquidation or from any Transaction
Party liable to pay the Guaranteed Moneys must be promptly paid to the Financier Representatives for the account of their Financiers and only if it does not create or take effect as a security interest for the purposes of the PPSA, until so paid
must be received and held in trust by the Guarantor for the Indemnified Parties to the extent of the unsatisfied liability of the Guarantor under this clause 8. 

 

	 	(d)	 A Guarantor must not do or seek, attempt or purport to do anything referred to in clause 8.13(a).

  

	8.14	 Continuing guarantee 

This clause 8 is a continuing obligation of each Guarantor, despite: 
  

	 	(a)	 any settlement of account; or 

 

	 	(b)	 the occurrence of any other thing, 

 

	 	and	 remains in full force and effect until all the Guaranteed Moneys have been Finally Paid. 

 

	8.15	 Variation 

This clause 8 extends to cover the Finance Documents as amended, varied or replaced, whether with or without the consent of any one or more of
the Guarantors, including any increase in the limit or maximum principal amount available under a Finance Document. 
  

	8.16	 Judgments 

A final judgment obtained against a relevant Transaction Party is conclusive as against each Guarantor. 

 

	8.17	 Additional Guarantors 

Any entity may become a Guarantor by executing a Guarantor Assumption Deed Poll. 

  
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	8.18	 Undertakings concerning Additional Guarantors 

Each Transaction Party undertakes to the Financiers (except to the extent that the Financiers consent) to ensure that each Financier
Representative has received the following in form and substance satisfactory to it before an entity becomes an Additional Guarantor: 
  

	 	(a)	 (verification certificate) a certificate in relation to that entity given by a director or secretary of
that entity substantially in the form of Schedule 6; 

  

	 	(b)	 (completed documents) a duly executed Guarantor Assumption Deed Poll; 

 

	 	(c)	 (know your customer) evidence of receipt of all “know your customer” documentation which is
reasonably required by a Financier Representative to permit each Financier to carry out all necessary “know your customer” or other similar checks under all applicable anti-money laundering laws and regulations; and 

 

	 	(d)	 (legal opinion) where the entity is incorporated outside Australia, an opinion of legal advisors to the
relevant entity acceptable to the Financier Representatives in each case, (acting reasonably) and where the entity is incorporated in Australia, an opinion of legal advisers to the Financier Representatives. 

 

	8.19	 Release of Guarantors 

 

	 	(a)	 Any Guarantor (other than FOXTEL or any other Borrower) may, upon FOXTEL providing at least 30 days written
notice to each Financier Representative, cease to be a Guarantor under this Deed Poll provided that: 

  

	 	(i)	 no Event of Default or Potential Event of Default subsists as at the proposed date of release of that Guarantor
or will occur as a result of the release; and 

  

	 	(ii)	 immediately after it ceases to be a Guarantor: 

 

	 	(A)	 the Total Assets of the Transaction Parties is not less than 90% of the Total Assets of the FOXTEL Group
calculated as at the most recent Calculation Date; and 

  

	 	(B)	 the aggregate contribution of the Transaction Parties to EBITDA is not less than 90% of the EBITDA of the
FOXTEL Group for the 12 month period to the most recent Calculation Date. 

  

	 	(b)	 FOXTEL shall provide such information as is reasonably requested by a Financier Representative in order to
satisfy it that paragraph (a) above has been complied with. 

  

	 	(c)	 Following the giving of a notice in accordance with paragraph (a), on: 

 

	 	(i)	 expiry of the 30 day period referred to in paragraph (a) in respect of a Guarantor in compliance with
paragraph (a); and 

  

	 	(ii)	 the execution of a Deed of Release, 

the Finance Parties release such Guarantor from all its obligations under the Finance Documents. 

  
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	9.	 Increased costs and illegality 

 

	9.1	 Increased costs 

 

	 	(a)	 If a Financier determines that any Change in Law affecting it or any of its holding companies (each a
Holding Company) directly or indirectly: 

  

	 	(i)	 increases the effective cost to that Financier of performing its .obligations under the Finance Documents or
funding or maintaining financial accommodation or a commitment under a Finance Document; 

  

	 	(ii)	 reduces any amount received or receivable by that Financier under the Finance Documents; or

  

	 	(iii)	 in any other way reduces the effective return to that Financier or any Holding Company under the Finance
Documents or the overall return on capital of that Financier or any Holding Company, 

 (each an Increased
Cost), FOXTEL must pay to that Financier on demand compensation for the Increased Cost to the extent attributed by that Financier or Holding Company (using the methods it considers appropriate) to that Financier’s obligations under the
Finance Documents or the funding or maintenance of financial accommodation or a commitment under a Finance Document. 
  

	 	(b)	 A claim under clause 9.1(a): 

 

	 	(i)	 must contain reasonable details of the event giving rise to the claim, the amount of the claim and the basis of
computation of the claim; and 

  

	 	(ii)	 in the absence of manifest error, is sufficient evidence of the amount to which the relevant Financier is
entitled under clause 9.1(a) unless the contrary is proved. 

  

	 	(c)	 If FOXTEL receives a demand from a Financier under clause 9.1(a), FOXTEL may, by written notice to the
relevant Financier Representative and that Financier on or before the date which is 20 Business Days after the date of that demand, cancel the commitment of that Financier under a Finance Document and prepay the Guaranteed Moneys of that Financier
in full. 

  

	 	(d)	 A notice under clause 9.1(c) is irrevocable and FOXTEL must, on the date which is 40 Business Days after the
date that the notice is given, pay to the relevant Financier the Guaranteed Moneys in respect of the relevant Financier in full. 

  

	 	(e)	 Each Financier shall use reasonable endeavours to avoid or minimise an Increased Cost. If requested by FOXTEL,
a Financier shall: 

  

	 	(i)	 negotiate in good faith with FOXTEL for 30 days with a view to finding a means to avoid or minimise the
Increased Cost; and 

  

	 	(ii)	 provided that FOXTEL has paid that Financier compensation for the Increased Cost in accordance with this clause
9.1, transfer its participation under the relevant Finance Document, on terms and conditions satisfactory to the relevant Financier Representative and that Financier (acting reasonably), to a person proposed by FOXTEL. 

  
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	9.2	 Illegality 

  

	 	(a)	 If any Change in Law or other event makes it illegal for a Financier to perform its obligations under the
Finance Documents or fund or maintain financial accommodation or a commitment under a Finance Document, that Financier may by notice to FOXTEL: 

  

	 	(i)	 suspend its obligations under the Finance Documents for the duration of the illegality; or

  

	 	(ii)	 by notice to FOXTEL, cancel its commitment under the relevant Finance Documents and require FOXTEL to repay the
Guaranteed Moneys in respect of that Financier in full on the date which is 40 Business Days after the date on which that Financier gives the notice or any earlier date required by, or to comply with, the applicable law. 

 

	 	(b)	 A notice under clause 9.2(a)(ii) is irrevocable and, subject to paragraph (c), FOXTEL must, on the repayment
date determined under clause 9.2(a)(ii), pay to the relevant Financier the Guaranteed Moneys in respect of that Financier in full. 

  

	 	(c)	 If requested by FOXTEL, the relevant Financier must transfer its participation under the Finance Documents, on
terms and conditions satisfactory to the relevant Financier Representative and that Financier (acting reasonably), to a person proposed by FOXTEL. 

  

	10.	 Interest on Overdue Amounts 

 

	10.1	 Accrual 

Except where the relevant Finance Document provides otherwise, interest accrues on each unpaid amount which is due and payable by a Transaction
Party under or in respect of any Finance Document (including interest under this clause): 
  

	 	(a)	 on a daily basis up to the date of actual payment from (and including) the due date or, in the case of an
amount payable by way of reimbursement or indemnity, the date of disbursement or loss, if earlier; 

  

	 	(b)	 both before and after judgment (as a separate and independent obligation); and 

 

	 	(c)	 at the rate provided in clause 10.3. 

 

	10.2	 Payment 

Each Transaction Party shall pay interest accrued under this clause on demand by the relevant Financier Representative and on the last Business
Day of each calendar quarter. That interest is payable in the currency of the unpaid amount on which it accrues. 
  

	10.3	 Rate 

The rate applicable under this clause is the sum of 2% per annum plus the higher of: 

 

	 	(a)	 the rate (if any) applicable to the amount immediately before the due date; and 

  
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	 	(b)	 the rate agreed in respect of overdue amounts in accordance with the terms of the relevant Finance Document.

 Interest is calculated on the basis of a year of 365 days or, where the drawing is in another currency for which such
calculation basis is market convention, 360 days. 
  

	11.	 Indemnities 

  

	11.1	 General indemnity 

FOXTEL indemnifies each Indemnified Party against any Loss which that Indemnified Party suffers, incurs or is liable for, except to the extent
attributable to the fraud, wilful misconduct or gross negligence of that Indemnified Party in respect of any of the following: 
  

	 	(a)	 all or a part of any financial accommodation requested by a Transaction Party in accordance with a Finance
Document not being made for any reason including any failure by a Transaction Party to fulfil any condition precedent contained in a Finance Document; 

  

	 	(b)	 a Finance Party receiving payments of principal before the last day of an applicable Funding Period for any
reason; 

  

	 	(c)	 the occurrence of any Default; 

 

	 	(d)	 an Indemnified Party exercising its Powers consequent upon or arising out of the occurrence of any Default,
including in respect of any indemnity given to an administrator by an Indemnified Party; and 

  

	 	(e)	 the attempted exercise, exercise or delay in the exercise of any Power. 

 

	11.2	 Continuing indemnities and evidence of loss 

 

	 	(a)	 Each indemnity of a Transaction Party in a Finance Document is a continuing obligation of the Transaction
Party, despite: 

  

	 	(i)	 any settlement of account; or 

 

	 	(ii)	 the occurrence of any other thing, 

and remains in full force and effect until the Guaranteed Moneys are fully and finally repaid. 

 

	 	(b)	 Each indemnity of a Transaction Party in a Finance Document is an additional, separate and independent
obligation of a Transaction Party and no one indemnity limits the general nature of any other indemnity. 

  

	 	(c)	 Each indemnity of a Transaction Party in a Finance Document survives the termination of any Finance Document.

  

	 	(d)	 A certificate given by an Officer of an Indemnified Party detailing the amount of any Loss covered by any
indemnity in a Finance Document is sufficient evidence unless the contrary is proved. 

  
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	12.	 Tax, costs and expenses 

 

	12.1	 Tax 

  

	 	(a)	 FOXTEL must pay any Tax, other than an Excluded Tax, in respect of any Finance Party, which is payable in
respect of a Finance Document (including in respect of the execution, delivery, performance, release, discharge, amendment or enforcement of a Finance Document) or any Transaction. 

 

	 	(b)	 FOXTEL must pay any fine, penalty or other cost in respect of a failure to pay any Tax described in clause
12.1(a) except to the extent that the fine, penalty or other cost is caused by the failure of the Finance Party to lodge money received from FOXTEL before the due date for lodgement within 5 Business Days of receipt. 

 

	 	(c)	 FOXTEL indemnifies each Finance Party against any amount payable under this clause 12.1. 

 

	12.2	 Costs and expenses 

FOXTEL must pay: 
  

	 	(a)	 all costs and expenses of each Indemnified Party in relation to: 

 

	 	(i)	 the enforcement, protection or waiver of any rights under any Finance Document; and 

 

	 	(ii)	 any enquiry by a Government Agency involving FOXTEL; and 

 

	 	(b)	 all reasonable costs and expenses of each Indemnified Party in relation to: 

 

	 	(i)	 the negotiation, preparation, execution and printing of any Finance Document; and 

 

	 	(ii)	 the consent or approval of an Indemnified Party given under any Finance Document, 

in either case including: 
  

	 	(A)	 administration costs of each Indemnified Party in relation to the matters described in clause 12.2(a)(ii); and

  

	 	(B)	 legal costs and expenses and any professional consultant’s fees, on a full indemnity basis.

  

	12.3	 GST 

  

	 	(a)	 In this clause 12.3: 

 

	 	(i)	 GST law has the same meaning as in the GST Act; and 

 

	 	(ii)	 words used which have a defined meaning in the GST law have the same meaning as in the GST law and a reference
to an input tax credit entitlement of a party includes an input tax credit for an acquisition made by that party but to which another member of the same GST Group is entitled under the GST law. 

  
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	 	(b)	 Unless expressly included, the consideration for any supply under or in connection with a Finance Document does
not include GST. 

  

	 	(c)	 To the extent that any supply under or in connection with a Finance Document is a taxable supply, the
consideration for that supply shall be increased by an amount equal to the consideration for the supply multiplied by the rate of GST imposed in respect of the supply. However, in the case of an amount payable under this clause 12.3(c) by a Finance
Party, the amount shall not exceed the input tax credit to which that Finance Party is entitled in respect of the GST imposed on the supplier of the relevant supply. 

 

	 	(d)	 In the case of an amount payable under clause 12.3(c) by a Finance Party in respect of a supply under a Finance
Document, the amount payable by that Finance Party under clause 12.3(c) is due within 7 days of that Finance Party (or a member of the same GST Group as that Finance Party) receiving the benefit of an input tax credit in respect of the supply.

  

	 	(e)	 The Finance Party must issue a Tax Invoice to the recipient of a supply to which clause 12.3(c) applies on or
prior to the time for payment of any part of the GST inclusive consideration determined under that clause. 

  

	 	(f)	 If a party is entitled under a Finance Document to be reimbursed or indemnified by another party for a cost or
expense incurred in connection with a Finance Document, the reimbursement or indemnity payment must not include any GST component of the cost or expense for which an input tax credit may be claimed by the party to be reimbursed or indemnified.

  

	 	(g)	 FOXTEL indemnifies and holds each Finance Party harmless against any loss, liability or outgoing (including any
penalty, fine or interest) resulting from any failure or omission by FOXTEL in complying with its obligations under this clause 12.3 including as a result of any delay, miscalculation or misdirection by FOXTEL of an amount payable to, on behalf, or
at the direction of that Finance Party. 

  

	13.	 Saving provisions 

 

	13.1	 No merger of security 

 

	 	(a)	 Nothing in any Finance Document, extinguishes, postpones, lessens or otherwise prejudicially affects:

  

	 	(i)	 any Encumbrance or indemnity in favour of any Indemnified Party at any time; or 

 

	 	(ii)	 any right, power, authority, discretion or remedy which any Indemnified Party may have against a Transaction
Party or any other person at any time. 

  

	 	(b)	 No other Encumbrance or Finance Document held by any party in any way prejudicially affects any Power.

  
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	13.2	 Exclusion of moratorium 

To the extent not excluded by law, a provision of any legislation which directly or indirectly: 

 

	 	(a)	 lessens, varies or affects in favour of: 

 

	 	(i)	 a Transaction Party; or 

 

	 	(ii)	 FOXTEL, 

any obligations under the Finance Documents; or 
  

	 	(b)	 stays, postpones or otherwise prevents or prejudicially affects the exercise by any Indemnified Party of any
Power, 

 is negatived and excluded from the Finance Documents and all relief and protection conferred on a Transaction
Party by or under that legislation is also negatived and excluded. 
  

	13.3	 Conflict 

Where any Power of any Indemnified Party is inconsistent with the powers conferred by applicable law then, to the extent not prohibited by that
law, the powers conferred by applicable law are regarded as negatived or varied to the extent of the inconsistency. 
  

	13.4	 Consents 

  

	 	(a)	 Whenever any action by a Transaction Party is dependent on the consent or approval of an Indemnified Party, the
Indemnified Party may withhold its consent or approval or give it conditionally or unconditionally in its absolute discretion unless expressly stated otherwise in a Finance Document. 

 

	 	(b)	 Any conditions to the consent or approval must be complied with. 

 

	13.5	 Principal obligations 

Each Finance Document is: 
  

	 	(a)	 a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another security
for stamp duty purposes) or other obligation; and 

  

	 	(b)	 independent of, and unaffected by, any other Encumbrance or other obligation which any Indemnified Party may
hold at any time in respect of the Guaranteed Moneys. 

  

	13.6	 No Obligation to marshal 

A Finance Party is not required to marshal or to enforce or apply under or appropriate, recover or exercise: 

 

	 	(a)	 any Encumbrance or Guarantee or other document or agreement held at any time, by an Indemnified Party; or

  

	 	(b)	 any money or asset which an Indemnified Party at any time, holds or is entitled to receive.

  
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	13.7	 Non avoidance 

If any payment by any Transaction Party to an Indemnified Party is at any time avoided for any reason including any legal limitation,
disability or incapacity of or affecting the Transaction Party or any other thing, and whether or not: 
  

	 	(a)	 any transaction relating to the Guaranteed Moneys was illegal, void or substantially avoided; or

  

	 	(b)	 any thing was or ought to have been within the knowledge of any party, then: 

 

	 	(c)	 that Transaction Party as an additional, separate and independent obligation, indemnifies the Indemnified Party
against that avoided payment; and 

  

	 	(d)	 each Transaction Party acknowledges that its liability under the Finance Documents and any Power is the same as
if that payment had not been made. 

  

	13.8	 Set off authorised 

If a Transaction Party (other than a Partner in its personal capacity) does not pay any amount when due and payable by it to the relevant
Financier Representative under a Finance Document, that Financier Representative may while an Event of Default is continuing: 
  

	 	(a)	 apply any credit balance in any currency in any account of that Transaction Party with the Financier
Representative in or towards satisfaction of that amount; and 

  

	 	(b)	 effect any currency conversion which may be required to make an application under clause 13.8(a).

  

	13.9	 Certificates and approvals 

 

	 	(a)	 A certificate signed by any Officer of a Financier Representative in relation to any amount, calculation or
payment under any Finance Document is sufficient evidence of that amount, calculation or payment unless the contrary is proved. 

  

	 	(b)	 Where any provision of a Finance Document requires the approval of an Indemnified Party, that approval will not
be effective unless and until it is provided in writing. 

  

	13.10	 No reliance or other obligations and risk assumption 

Each Transaction Party acknowledges and confirms that: 
  

	 	(a)	 it has not entered into any Finance Document in reliance on any representation, warranty, promise or statement
made by or on behalf of any Indemnified Party; 

  

	 	(b)	 in respect of the transactions evidenced by the Finance Documents, no Indemnified Party has any obligations
other than those expressly set out in, but subject to, the Finance Documents; and 

  

	 	(c)	 in respect of interest rates or exchange rates, no Indemnified Party is liable for: 

 

	 	(i)	 any movement in interest rates or exchange rates; or 

  
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	 	(ii)	 any information, advice or opinion provided by or on behalf of that Indemnified Party, even if:

  

	 	(A)	 provided at the request of a Transaction Party (it being acknowledged by each Transaction Party that such
matters are inherently speculative); 

  

	 	(B)	 relied on by a Transaction Party; or 

 

	 	(C)	 provided incorrectly or negligently. 

 

	14.	 Assignments 

  

	 	(a)	 A Transaction Party may only assign or transfer any of its rights or obligations under this Deed Poll with the
prior written consent of each Financier Representative. 

  

	 	(b)	 A Finance Party may assign or transfer all or any of its rights under this Deed Poll in accordance with the
provisions set out in a Finance Document as part of a corresponding dealing with its rights under the relevant Finance Document. 

  

	15.	 General 

  

	15.1	 Notices 

  

	 	(a)	 Any notice or other communication including any request, demand, consent or approval, to or by a party to any
Finance Document is only effective if it is: 

  

	 	(i)	 in legible writing and in English addressed as shown below, signed by or on behalf of the person giving it:

  

	 	(A)	 if to FOXTEL: 

  

					
		  	Address:	  	5 Thomas Holt Drive
			
		  		  	North Ryde NSW 2113
			
		  	Attention:	  	Chief Operating Officer
			
		  	Facsimile:	  	(02) 9813 7606
			
		  	Email:	  	Peter.Tonagh@foxtel.com.au

  

	 	(B)	 if to an Initial Guarantor, to the address for that Initial Guarantor set out in schedule 1;

  

	 	(C)	 if to an Additional Guarantor, to the address for that Additional Guarantor set out in a Guarantee Assumption
Agreement; 

  

	 	(D)	 if to a Finance Party, to the address for that Finance Party specified in the Finance Documents to which that
Finance Party is a party, 

 or as specified to the sender by any party by notice; 

 

	 	(ii)	 where the sender is a company, signed by an Officer or under the common seal of the sender;

  
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	 	(iii)	 given in one of the following ways: 

 

	 	(A)	 sent by prepaid mail (by airmail, if the addressee is overseas) or delivered to that person’s address;

  

	 	(B)	 sent by fax to that person’s fax number and the machine from which it is sent produces a report that
states that it was sent in full without error; 

  

	 	(C)	 given personally; 

  

	 	(D)	 sent in electronic form (such as email), and, for the purposes of
sub-paragraphs (i) and (ii) above, communications sent by email will be taken to be signed by the named sender of the email; or 

 

	 	(E)	 given in any other manner permitted by law; 

 

	 	(b)	 Subject to paragraph (c), a notice or other communication that complies with this clause 15.1 is conclusively
regarded as being given by the sender and received by the addressee: 

  

	 	(A)	 if it is sent by facsimile or delivered, if received: 

 

	 	(1)	 by 5.00 pm (local time in the place of receipt) on a Business Day, on that Business Day; or

  

	 	(2)	 after 5.00 pm (local time in the place of receipt) on a Business Day, or on a day that is not a Business Day,
on the next Business Day; 

  

	 	(B)	 if by post, when it would be delivered in the ordinary course of post, but in any event, not later than 3
Business Days after posting within Australia, or, not later than 7 Business Days after posting to or from a place outside Australia; or 

  

	 	(C)	 if given personally, when actually received by that person; 

 

	 	(D)	 if it is sent in electronic form: 

 

	 	(1)	 in compliance with the rules established under paragraph (d), at the time specified in those rules; or

  

	 	(2)	 in the absence of those rules, if the time recorded on the device at the place of receipt is before 5.00 pm on
a Business Day, that Business Day, or, if the time recorded on the device at the place of receipt is after 5.00 pm on a Business Day, or on a day that is not a Business Day, on the next Business Day, 

unless the sender received an automated message that the notice, or other communication had not been delivered within 4 hours after the time
on the device from which the sender sent the notice or other communication; and 
  

	 	(E)	 if it is given in any other manner permitted by law, when actually received by that person, unless a later time
of receipt is specified in it. 

  
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	 	(c)	 Any notice or other communication to be made or delivered to a Financier Representative will be effective only
when actually received by it and only if it is expressly marked for the attention of the department or officer specified in the relevant Syndicated Facility Agreement. 

 

	 	(d)	 Any notice or other communication under this document or a Syndicated Facility Agreement may be given by means
of a secure website access which is restricted to the parties to the Finance Documents (and, where applicable, their financial and legal advisers) established by a Financier Representative or other electronic means in a manner and subject to rules
established by the Financier Representative and agreed with FOXTEL. 

  

	 	(e)	 In this clause 15.1, a reference to an addressee includes a reference to an addressee’s Officers, agents
or employees or any person reasonably believed by the sender to be an Officer, agent or employee of the addressee. 

  

	15.2	 Governing law and jurisdiction 

 

	 	(a)	 Each Finance Document is governed by the laws of New South Wales, unless otherwise specified.

  

	 	(b)	 Each Transaction Party irrevocably submits to the non exclusive jurisdiction of the courts of New South Wales.

  

	 	(c)	 Each Transaction Party irrevocably waives any objection to the venue of any legal process on the basis that the
process has been brought in an inconvenient forum. 

  

	 	(d)	 Each Transaction Party irrevocably waives any immunity in respect of its obligations under this Deed Poll that
it may acquire from the jurisdiction of any court or any legal process for any reason including the service of notice, attachment prior to judgment, attachment in aid of execution or execution. 

 

	 	(e)	 A Finance Party may take proceedings in connection with the Finance Documents in any other court with
jurisdiction or concurrent proceedings in any number of jurisdictions. 

  

	15.3	 Prohibition and enforceability 

 

	 	(a)	 Any provision of, or the application of any provision of, any Finance Document or any Power which is prohibited
in any jurisdiction is, in that jurisdiction, ineffective only to the extent of that prohibition. 

  

	 	(b)	 Any provision of, or the application of any provision of, any Finance Document which is void, illegal or
unenforceable in any jurisdiction does not affect the validity, legality or enforceability of that provision in any other jurisdiction or of the remaining provisions in that or any other jurisdiction. 

  
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	15.4	 Waivers 

  

	 	(a)	 Waiver of any right arising from a breach of any Finance Document or of any Power arising upon default under
any Finance Document must be in writing and signed by the party granting the waiver. 

  

	 	(b)	 A failure or delay in exercise, or partial exercise, of: 

 

	 	(i)	 a right arising from a breach of a Finance Document; 

 

	 	(ii)	 a Power created or arising upon default under a Finance Document, 

does not result in, and may not be relied upon as, a waiver of that right, discretion or Power. 

 

	 	(c)	 A party is not entitled to rely on a delay in the exercise or non exercise of a right, discretion or Power
arising from a breach of a Finance Document or on a default under a Finance Document as constituting a waiver of that right or Power. 

  

	 	(d)	 A party may not rely on any conduct of another party as a defence to exercise of a right, discretion or Power
by that other party. 

  

	 	(e)	 This clause may not itself be waived except by writing. 

 

	15.5	 Variation 

  

	 	(a)	 This Deed Poll may only be amended with the prior written consent of each Financier Representative.

  

	 	(b)	 A variation of any term of any Finance Document must be in writing and signed by the parties to that Finance
Document. 

  

	 	(c)	 A Financier Representative may sign a variation of any term of any Finance Document under clause 15.5(b) on
behalf of its Financiers if it is permitted to do so under the relevant Finance Documents. 

  

	15.6	 Cumulative rights 

The Powers are cumulative and do not exclude any other right, power, authority, discretion or remedy of any Finance Party. 

 

	15.7	 Counterparts 

  

	 	(a)	 Each Finance Document may be executed in any number of counterparts. 

 

	 	(b)	 All counterparts of any Finance Document, taken together, constitute one instrument. 

  

	 	(c)	 A party may execute a Finance Document by signing any counterpart. 

 

	15.8	 Attorneys 

Each attorney executing this Deed Poll states that he or she has no notice of revocation or suspension of his or her power of attorney. 

  
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	16.	 Confidentiality 

 

	16.1	 Confidentiality 

Subject to clause 16.2, no party shall disclose any unpublished information or documents supplied by any party in connection with the Finance
Documents which are specifically indicated by the relevant party to be confidential and are not in the public domain. 
  

	16.2	 Permitted disclosure 

A party may disclose any confidential information or documents: 
  

	 	(a)	 in enforcing a Finance Document, in a proceeding arising out of or in connection with a Finance Document;
 

  

	 	(b)	 if required under a binding order of a Government Agency or any procedure for discovery in any proceedings;

  

	 	(c)	 if required under any law or any administrative guideline, directive, request or policy whether or not having
the force of law and, if not having the force of law, with which responsible banks or financial institutions similarly situated would normally comply (except that this paragraph does not require a Finance Party to disclose any information of the
kind referred to in section 275(1) of the PPSA other than where required due to the operation of section 275(7) of the PPSA); 

  

	 	(d)	 as required or permitted by any Finance Document (including the provision of information the Finance Party
considers appropriate to any proposed assignee or transferee permitted by clause 14(b) and the relevant Finance Documents); 

  

	 	(e)	 to any ratings agency where disclosure is made on the basis that the recipient will keep the information
confidential; 

  

	 	(f)	 to its legal advisers, auditors and its consultants where disclosure is made on the basis that the recipient
will keep the information confidential; 

  

	 	(g)	 to any stock exchange, provided that a party may not disclose information relating to pricing, margin or fees
concerning the financial accommodation without the prior written consent of each other party; 

  

	 	(h)	 to its Related Bodies Corporate and their legal advisers, auditors and consultants where disclosure is made on
the basis that the recipient will keep the information confidential; or 

  

	 	(i)	 with the prior written consent of the relevant party. 

 

	16.3	 Survival of obligation 

This clause survives the termination of this Deed Poll but will cease to apply in relation to a Finance Party on and from the third anniversary
of the final repayment date or termination date (however described) under its Finance Documents. 

  
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	17.	 PPSA 

  

	 	(a)	 If the Finance Documents (or a transaction in connection with them) operates as, or gives rise to, a security
interest for the purposes of the PPSA, the Transaction Parties will do anything (such as obtaining consents, signing and producing documents, getting documents completed and signed and supplying information, and procuring any related party to do any
of those things) which a Financier Representative reasonably asks and is reasonably necessary for the purposes of: 

  

	 	(i)	 ensuring that the security interest is enforceable, perfected or otherwise effective; 

 

	 	(ii)	 enabling that Financier Representative to apply for any registration, or give any notification, in connection
with the security interest so that the security interest has the priority intended by the Finance Parties at the date of the relevant Finance Document; or 

  

	 	(iii)	 enabling that Financier Representative to exercise rights in connection with its security interest.

  

	 	(b)	 No party may disclose information of the kind referred to in section 275(1) of the PPSA (except that a Finance
Party may do so where required due to the operation of section 275(7) of the PPSA or in accordance with another provision of a Finance Document), and a Transaction Party must not authorise the disclosure of such information. 

  
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 Schedule 1 

Guarantors 
  

							
	 Name
	  	 ABN/ACN/ARBN
	  	 Address and Notice details

	The FOXTEL Partnership	  		  	Address:	  	5 Thomas Holt Drive,
		  		  		  	North Ryde NSW 2113
				
		  		  	Attention:	  	Chief Operating Officer
				
		  		  	Facsimile:	  	(02) 9813 7606
				
	The FOXTEL Television	  		  	Address:	  	5 Thomas Holt Drive,
	Partnership	  		  		  	North Ryde NSW 2113
				
		  		  	Attention:	  	Chief Operating Officer
				
		  		  	Facsimile:	  	(02) 9813 7606
				
	Artist Services Cable	  	97 072 725 289	  	Address:	  	5 Thomas Holt Drive,
	Management Pty Limited	  		  		  	North Ryde NSW 2113
				
		  		  	Attention:	  	Chief Operating Officer
				
		  		  	Facsimile:	  	(02) 9813 7606
				
	Customer Services Pty	  	76 069 272 117	  	Address:	  	5 Thomas Holt Drive,
	Limited	  		  		  	North Ryde NSW 2113
				
		  		  	Attention:	  	Chief Operating Officer
				
		  		  	Facsimile:	  	(02) 9813 7606
				
	FOXTEL Cable Television	  	45 069 008 797	  	Address:	  	5 Thomas Holt Drive,
	Pty limited	  		  		  	North Ryde NSW 2113
				
		  		  	Attention:	  	Chief Operating Officer
				
		  		  	Facsimile:	  	(02) 9813 7606
				
	 FOXTEL Management Pty

Limited in its own capacity
 and as FOXTEL Agent
and
 as agent for the FOXTEL
 Television
Partnership 
	  	65 068 671 938	  	 Address:
  

 
  

Attention:
  

Facsimile:
	  	 5 Thomas Holt Drive,
 North Ryde NSW
2113
  
 Chief Operating Officer

 
 (02) 9813 7606

				
	Sky Cable Pty Limited	  	14 069 799 640	  	Address:	  	Level 5, 2 Holt Street
		  		  		  	Surry Hills NSW 2010
				
		  		  	Attention:	  	Company Secretary
				
		  		  	Facsimile:	  	(02) 9288 3275

  
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	 Name
	  	 ABN/ACN/ARBN
	  	 Address and Notice details

				
	Telstra Media Pty limited	  	72069 279 027	  	Address:	  	Level 9
		  		  		  	400 George Street
		  		  		  	SYDNEY NSW 2000
				
		  		  	Attention:	  	Head of Media
				
		  		  	Facsimile:	  	(02) 9223 4851
				
	The Racing Channel Cable-	  	91 069 619 307	  	Address:	  	5 Thomas Holt Drive,
	TV Pty limited	  		  		  	North Ryde NSW 2113
				
		  		  	Attention:	  	Chief Operating Officer
				
		  		  	Facsimile:	  	(02) 9813 7606
				
	FOXTEL Finance Pty	  	151 691 897	  	Address:	  	5 Thomas Holt Drive,
	limited	  		  		  	North Ryde NSW 2113
				
		  		  	Attention:	  	Chief Operating Officer
				
		  		  	Facsimile:	  	(02) 9813 7606
				
	FOXTEL Holdings Pty	  	151 690 327	  	Address:	  	5 Thomas Holt Drive,
	limited	  		  		  	North Ryde NSW 2113
				
		  		  	Attention:	  	Chief Operating Officer
				
		  		  	Facsimile:	  	(02) 9813 7606
				
	FOXTEL Australia Pty	  	151 691 753	  	Address:	  	5 Thomas Holt Drive,
	limited	  		  		  	North Ryde NSW 2113
				
		  		  	Attention:	  	Chief Operating Officer
				
		  		  	Facsimile:	  	(02) 9813 7606

  
 Page 61 

			
	Common Terms Deed Poll	  	

  

 Schedule 2 

Form of Finance Party Nomination Letter 
  

	To:	 [Financier]/[Financier Representative]  

Date: [*] 
 Dear Sirs 

Finance Party Nomination Letter—Common Terms Deed Poll dated [*] given by FOXTEL Management Pty Limited and the Initial Guarantors listed in schedule
1 to that document (the Common Terms Deed Poll) in favour of the Finance Parties. 
 Terms defined in the Common Terms Deed Poll
have the same meaning when used in this letter. This is a Finance Party Nomination Letter for the purposes of the Common Terms Deed Poll. 
 We nominate:

  

	(a)	 the following person[/s] as a Financier for the purposes of the Common Terms Deed Poll: 

[*]; 
  

	(b)	 the following person as a Financier Representative for the purposes of the Common Terms Deed Poll:

 [*]; 
  

	(c)	 the following document[/s] as Finance Document[/s] for the purposes of the Common Terms Deed Poll:

 [*]; and 
  

	(d)	 the following document as a Syndicated Facility Agreement for the purposes of the Common Terms Deed Poll:

 [*]. 
  

	
	For and on behalf of:
	
	   

	FOXTEL Management Pty Limited

  
 Page 62 

			
	Common Terms Deed Poll	  	

  

 Schedule 3 

Group Structure Diagram 
 [NOTE: to be inserted]

  
 Page 63 

			
		  	

  

 Schedule 4 

Compliance Certificate 
 Clause 5.1(c) 

 

	To:	 [*] (Financier Representative)  

Compliance Certificate as at [Date] 
 I refer to the
common terms deed poll (Common Terms Deed Poll) dated [*] 2012 given by FOXTEL Management Pty Limited (FOXTEL) and each party listed in schedule 1 to that document. 

A term defined in the Common Terms Deed Poll has the same meaning when used in this Compliance Certificate. 

We certify on behalf of FOXTEL as follows, as at [insert date]: 

 

	(a)	 EBITDA in relation to [insert period] was $[insert
EBITDA] and the information and calculations which we used in order to determine EBITDA for the purposes of this Compliance Certificate are set out below: 

[insert details of figures and calculations]; 
  

	(b)	 Interest Service for [insert period] was $
[insert Interest Service] and the information and calculations which we used in order to determine Interest Service for the purposes of this Compliance Certificate are set out below:

 [insert details of figures and calculations]; 

 

	(c)	 Total Debt on that date was $[insert Total Debt] and
the information and calculations which we used in order to determine Total Debt for the purposes of this Compliance Certificate are set out below: 

[insert details of figures and calculations]; 
  

	(d)	 [The Transaction Parties are [insert names of Transaction
Parties]. Their aggregate contribution to Total Assets of the FOXTEL Group is [insert %] and to EBITDA of the FOXTEL Group is [insert
%] and the information and calculations which we used in order to determine our compliance with clause 5.14(b) of the Common Terms Deed Poll for the purposes of this Compliance Certificate are set out below:

 [insert details of figures and calculations]]; 

and, based on (a) to (c) above: 
  

	 	(1)	 the Interest Cover Ratio in relation to [insert period]
was [insert Interest Cover Ratio] which ratio [does/ does not] comply with the provisions of clause 5.12(a) of the Common Terms
Deed Poll; and 

  

	 	(2)	 the Total Debt to EBITDA Ratio in relation to the 12 month period ending on that date was
[insert Total Debt to EBITDA Ratio] which ratio [does/does not] comply with the provisions of clause 5.12(b) of the Common Terms Deed
Poll. 

  
 Page 64 

			
	Common Terms Deed Poll	  	

  

 Following are details of the foreign exchange and interest rate hedging profiles that the Transaction Parties
currently have in place: [insert details].  
 We represent and warrant that no Default is
continuing except as follows: [                     ][, and we have taken/propose the following remedial action [insert
action]]; 
 [We acknowledge that disclosure of exceptions to compliance will not prejudice any Finance Party’s rights
under the Common Terms Deed Poll or any Finance Document, including clauses relating to conditions precedent under a Finance Document and clause 6 of the Common Terms Deed Poll, or affect the operation of clause 4.2(b) of the Common Terms Deed
Poll.] 
 Date: [insert date]  

 

					
	 Signed for and on behalf of FOXTEL

Management Pty limited by:
	 		 	
			
	   
	 		 	   

	Director	 		 	Director
			
	   
	 		 	   

	Name (please print)	 		 	Name (please print)

 Note: To be signed by 2 Directors of FOXTEL. 

  
 Page 65 

			
	Common Terms Deed Poll	  	

  

 Schedule 5 

Form of Guarantor Assumption Deed Poll 
 Deed Poll

  

			
	Additional Guarantor	  	 [Insert name and ABN/ACN/Reg. No etc] 
  

of: [insert address] 
  

Fax no:
  

Attention:

 Common terms deed poll (Common Terms Deed Poll) dated [*] 2012 given by FOXTEL Management Pty Limited
(FOXTEL) and each party listed in schedule 1 to that document. 
 BY THIS PEED POLL the Additional Guarantor described above, for the benefit of the
Finance Parties referred to in the Common Terms Deed Poll described above: 
  

	 	(a)	 irrevocably agrees that from the date of this deed poll it is a Guarantor under the Common Terms Deed Poll;

  

	 	(b)	 irrevocably agrees to comply with and be bound by all current and future obligations of a Guarantor and a
Transaction Party under the Common Terms Deed Poll and any other Finance Document; 

  

	 	(c)	 gives, as at the date of this deed poll, all representations and warranties on the part of a Guarantor or a
Transaction Party contained in the Common Terms Deed Poll; 

  

	 	(d)	 acknowledges having received a copy of and approved the Common Terms Deed Poll together with all other Finance
Documents and other documents and information it requires in connection with the Common Terms Deed Poll before signing this deed poll; and 

  

	 	(e)	 acknowledges receiving valuable consideration for signing this deed poll. 

Clauses 1 (Definitions and Interpretation) and 15.2 (Governing law and jurisdiction) of the Common Terms Deed Poll described
above apply to this deed poll as if they were fully set out in this deed poll. 
 For the purposes of the Finance Documents, the address for
correspondence of the Additional Guarantor is the address set out below: 
 [*] 

This deed poll is governed by the laws of New South Wales. 

  
 Page 66 

			
	Common Terms Deed Poll	  	

  

 DATED [Insert Date]  

EXECUTED as a deed poll 
 [lf the Additional
Guarantor is signing under a Power of Attorney] [each attorney executing this deed poll states that he or she has no notice of revocation or suspension of his or her power of attorney.] 

[Insert execution clause for Additional Guarantor] 

  
 Page 67 

			
	Common Terms Deed Poll	  	

  

 Schedule 6 

Form of Additional Guarantor Verification Certificate 

Verification Certificate 
 NOTE: To be signed by a
secretary and director or any two directors of the Transaction Party. 
  

	To:	 [*] (Financier Representative)  

We are [two directors]/[a director and the secretary] of [*] (the Company).  

We refer to the common terms deed poll (Common Terms Deed Poll) dated [*] 2012 given by FOXTEL Management Pty Limited
(FOXTEL) and each party listed in schedule 1 to that document. 
 Definitions in the Common Terms Deed Poll apply in this
Certificate. 
 Attached are complete copies of the following, which as at the date of this Certificate are in full force and effect and have not been
revoked, suspended or amended. 
  

	(a)	 [if applicable] A power of attorney (the Power of
Attorney) under which the Company executed the Guarantor Assumption Deed Poll. 

  

	(b)	 Extracts of minutes of a meeting of directors of the Company authorising the execution by the Company of the
Guarantor Assumption Deed Poll and the Power of Attorney and containing resolutions that the entry into the Guarantor Assumption Deed Poll is in the best interests of the Company. 

 

	(c)	 Up to date constitutional documents for the Company. 

 

	
	
	   

	   [Director]

  

	
	
	   

	   [Secretary/Director]

  
 Page 68 

			
	Common Terms Deed Poll	  	

  

 Schedule 7 

Form of Deed of Release 
 Deed of Release 

 

			
		
	Parties:	  	The Retiring Guarantor and Continuing Guarantors, as described below
		
	Retiring Guarantor:	  	[Insert name and ABN/ACN etc]
		
	 Continuing
 Guarantors:
	  	FOXTEL Management Pty Limited (ABN 65 068 671 938) (FOXTEL) in its own capacity on behalf of itself and each other Guarantor named in the schedule below in accordance with clause 2.3(a) of the Common Terms Deed
Poll.
		
	 Common Terms
 Deed Poll:
	  	The common terms deed poll dated [*] 2012 given by FOXTEL and each party listed in schedule 1 to that document

 The Retiring Guarantor described above is released from all liability under the Common Terms Deed Poll with effect from
[Insert date or “the date of this deed poll”].  
 Each Continuing Guarantor consents to this release and agrees that nothing in this deed
poll affects its obligations to any Financier or a Financier’s rights in respect of the Continuing Guarantors under a Finance Document. 
 Clauses 1
(Definitions and Interpretation), 15.2 (Governing law and jurisdiction) and 15.7 (Counterparts) of the Common Terms Deed Poll described above apply to this deed poll as if they were fully set out in this deed poll. 

This deed poll is governed by the laws of New South Wales. 

  
 Page 69 

			
	Common Terms Deed Poll	  	

  

 Schedule 

[Insert list of Continuing Guarantors] 

DATED [Insert Date]  
 EXECUTED as a deed poll 

[If the Retiring Guarantor is signing under a Power of Attorney] [each attorney executing this Deed
states that he or she has no notice of revocation or suspension of his or her power of attorney.] 
 [Insert execution clauses for (1) FOXTEL
Management Pty Limited on behalf of itself and each Continuing Guarantor and (2) the Retiring Guarantor] 

  
 Page 70 

			
	Common Terms Deed Poll	  	

  

 Executed and delivered as a Deed Poll 

Each attorney executing this Deed Poll states that he or she has no notice of revocation or suspension of his or her power of attorney.  

FOXTEL 
  

					
	Executed as a deed in accordance with
section 127 of the corporations Act 2001 by
FOXTEL Management Pty Limited:	 		 	
			
	 /s/ Richard Freudenstein
	 		 	 /s/ Lynette Ireland

	 Director Signature

RICHARD FREUDENSTEIN
	 		 	 Secretary Signature

SIGNED BY-
 LYNETTE IRELAND

	Print Name	 		 	Print Name

 Guarantors: 
  

					
	 Excuted as a deed in accordance with

section 127 of the Corporations Act 2001 by
 Artist
Services Cable Management Pty
 Limited:
	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	 Director Signature

PETER TONAGH
	 		 	 Secretary Signature

SIGNED BY-
 LYNETTE IRELAND

	Print Name	 		 	Print Name

  
 Page 71 

			
	Common Terms Deed Poll	  	

  

					
	Executed as a deed in accordance with section 127 of the corporations Act 2001 by Customer Services Pty Limited:	 		 	
			
	 /s/ Richard Freudenstein
	 		 	 /s/ Lynette Ireland

	 Director Signature

RICHARD FREUDENSTEIN
	 		 	 Secretary Signature

SIGNED BY-
 LYNETTE IRELAND

	Print Name	 		 	Print Name

  

					
	Executed as a deed in accordance with section 127 of the corporations Act 2001 by FOXTEL Cable Television Pty Limited:	 		 	
			
	 /s/ Richard Freudenstein
	 		 	 /s/ Lynette Ireland

	 Director Signature

RICHARD FREUDENSTEIN
	 		 	 Secretary Signature

SIGNED BY-
 LYNETTE IRELAND

	Print Name	 		 	Print Name

  

					
	Executed as a deed in accordance with section 127 of the corporations Act 2001 by FOXTEL Management Pty Limited:	 		 	
			
	 /s/ Richard Freudenstein
	 		 	 /s/ Lynette Ireland

	 Director Signature

RICHARD FREUDENSTEIN
	 		 	 Secretary Signature

SIGNED BY-
 LYNETTE IRELAND

	Print Name	 		 	Print Name

  
 Page 72 

			
	Common Terms Deed Poll	  	

  

					
	Executed as a deed in accordance with section 127 of the Corporations Act 2001 by Sky Cable Pty Limited in its own capacity and as a Partner in the FOXTEL Partnership and the FOXTEL Television
Partnership:	 		 	
			
	 /s/ Ian Philip
	 		 	 /s/ Stephen Rue

	 Director Signature
  

lan Philip
	 		 	 Director Signature
  

Stephen Rue

	Print Name	 		 	Print Name

  

					
	Signed Sealed and Delivered for Telstra Media Pty limited in its own capacity and as a Partner in the FOXTEL Partnership and the FOXTEL Television Partnership by its attorneys in the presence of:	 		 	
			
	 /s/ Adrienne Lyle
	 		 	 /s/ Clifford B. Davis

	 Witness Signature
  

Adrienne Lyle
	 		 	 Attorney Signature
  

Clifford B. Davis

	 Print Name
  

/s/ Elizabeth Greig
 Witness
Signature
 ELIZABETH GREIG
 Print Name
	 		 	 Print Name
  

/s/ Andrew Penn

		 		 	 Attorney Signature

 
 Andrew Penn

		 		 	 Print Name
  

  

					
	Executed as a deed in accordance with section 127 of the Corporations Act 2001 by The Racing Channel Cable-TV Pty Limited:	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	 Director Signature
  

PETER TONAGH
	 		 	 Director/Secretary Signature

 
 LYNETTE IRELAND

	Print Name	 		 	Print Name

  
 Page 73 

			
	Common Terms Deed Poll	  	

  

					
	Executed as a deed in accordance with section 127 of the Corporations Act 2001 by FOXTEL Finance Pty Limited:	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	 Director Signature
  

PETER TONAGH
	 		 	 Secretary Signature
  

SIGNED BY-
 LYNETTE IRELAND

	Print Name	 		 	Print Name

  

					
	Executed as a deed in accordance with section 127 of the Corporations Act 2001 by FOXTEL Holdings Pty Limited:	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	 Director Signature

PETER TONAGH
	 		 	 Secretary Signature

LYNETTE IRELAND

	Print Name	 		 	Print Name

  

					
	Executed as a deed in accordance with section 127 of the Corporations Act 2001 by FOXTEL Australia Pty Limited:	 		 	
			
	 /s/ Peter Tonagh
	 		 	 /s/ Lynette Ireland

	 Director Signature
  

PETER TONAGH
	 		 	 Secretary Signature
  

LYNETTE IRELAND

	Print Name	 		 	Print Name

  
 Page 74

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