EX-10.4 10 dex104.htm FORM OF SUPPLEMENT DEED RELATING TO THE LOAN AGREEMENT, DATED MARCH 16, 2001 Form of Supplement Deed relating to the Loan Agreement, dated March 16, 2001

Exhibit 10.4

 

FORM OF SUPPLEMENTAL DEED

 

Dated                      2004

 


 

SUPPLEMENTAL DEED

relating to credit facilities of up to

£2,250,000,000 (to be reduced to committed credit facilities of

£2,030,000,000, together with uncommitted facilities of £125,000,000)

 

among

 

TELEWEST COMMUNICATIONS PLC

Telewest

 

TELEWEST COMMUNICATIONS NETWORKS LIMITED

Borrower

 

TELEWEST COMMUNICATIONS NETWORKS LIMITED

and CERTAIN SUBSIDIARIES

and ASSOCIATED PARTNERSHIPS

TCN Entities

 

TELEWEST GLOBAL, INC.

Telewest Global

 

TELEWEST UK LIMITED

Telewest UK

 

BANK OF AMERICA INTERNATIONAL LIMITED

BNY MARKETS LIMITED

BARCLAYS CAPITAL

BAYERISCHE HYPO-UND VEREINSBANK AG

CIBC WORLD MARKETS PLC

CREDIT SUISSE FIRST BOSTON

DEUTSCHE BANK AG LONDON

J.P. MORGAN

THE ROYAL BANK OF SCOTLAND PLC

CITIGROUP GLOBAL MARKETS LIMITED

TD BANK EUROPE LIMITED

WESTLB AG, LONDON BRANCH

And

FORTIS BANK S.A./N.V.

Lead Arrangers

 

CERTAIN BANKS AND FINANCIAL INSTITUTIONS

Lenders

 

CIBC WORLD MARKETS PLC

and CANADIAN IMPERIAL BANK OF COMMERCE

Agents

 

CIBC WORLD MARKETS PLC

New Security Trustee and Existing Security Trustee

 


Contents

 

Clause         Page

1    Interpretation    2
2    Amendments to the Original Credit Agreement and the Finance Documents    3
3    Waivers and consents under the Finance Documents    4
4    Representations and warranties    4
5    Facility D Lenders    5
6    Facility C    5
7    Fees and expenses    5
8    Prepayment, Cancellation and Conversion    5
9    Miscellaneous    7
10    Governing law    7

 

Schedule 1

   9

Part A

     The Charging Subsidiaries    9

Part B

     The Associated Partnerships    12

Part C

     The Lead Arrangers    14

Part D

     The Lenders    15

Schedule 2 Loan Agreement

   19

Schedule 3 Schedule 1 of the TCN Debenture

   20

Schedule 4

   25

Part A

     Waivers and consents to the Finance Documents on the Transfer Effective Date    25

Part B

     Waivers and consents to the Finance Documents on the Equitisation Effective Date    27

Part C

     Waivers and consents to the Finance Documents on the Recapitalisation Supplemental Deed Effective Date    28

 


THIS SUPPLEMENTAL DEED is dated [·] 2004 and made

 

BETWEEN:

 

(1) TELEWEST COMMUNICATIONS PLC as Telewest;

 

(2) TELEWEST COMMUNICATIONS NETWORKS LIMITED as Borrower;

 

(3) THE SUBSIDIARIES OF TCN set out in part A of Schedule 1 as Charging Subsidiaries;

 

(4) THE ASSOCIATED PARTNERSHIPS OF TCN set out in part B of Schedule 1 as Charging Partnerships;

 

(5) TELEWEST GLOBAL, INC. as Telewest Global;

 

(6) TELEWEST UK LIMITED as Telewest UK;

 

(7) THE BANKS AND FINANCIAL INSTITUTIONS whose names and addresses are set out in part C of Schedule 1 as Lead Arrangers;

 

(8) THE BANKS AND FINANCIAL INSTITUTIONS whose names and addresses are set out in part D of Schedule 1 as Lenders;

 

(9) CIBC WORLD MARKETS PLC and CANADIAN IMPERIAL BANK OF COMMERCE as the Agents;

 

(10) CIBC WORLD MARKETS PLC as Existing Security Trustee; and

 

(11) CIBC WORLD MARKETS PLC as New Security Trustee.

 

WHEREAS:

 

(A) This Supplemental Deed is supplemental to (i) a loan agreement dated 16 March 2001 made between TCN as Facility A Borrower (1), TCN as Facility B Borrower (2), TCN as Facility C Borrower (3), TCN and Telewest Finance Corporation as Facility D Borrowers (4), the Subsidiaries of TCN set out in part A of Schedule 1, thereto (5), the Associated Partnerships of TCN set out in part C of Schedule 1 thereto (6), BNY Markets Limited, CIBC World Markets plc, TD Bank Europe Limited, Barclays Capital, Bayerische Hypo-und Vereinsbank AG, Credit Suisse First Boston, Deutsche Bank AG London, The Fuji Bank, Limited, JPMorgan Chase Bank (formerly J.P. Morgan plc), The Royal Bank of Scotland plc, Salomon Brothers International Limited, Westdeutsche Landesbank Girozentrale, Fortis Bank S.A./N.V. and Bank of America International Limited as Lead Arrangers (7), certain banks and financial institutions described therein as Lenders (8), CIBC World Markets plc and Canadian Imperial Bank of Commerce as Agents (9) and CIBC World Markets plc as Existing Security Trustee (10) (the “Original Credit Agreement”) and (ii) a Deed of Subordination dated 16 March 2001 made between Telewest and CIBC Word Markets plc as the Existing Security Trustee (the “Original Telewest Deed of Subordination”).

 

(B) The parties to this Supplemental Deed have agreed that (i) the Original Credit Agreement be amended and waived to the extent set out in this Supplemental Deed, (ii) the Original Telewest Deed of Subordination be amended to the extent set out in this Supplemental Deed and (iii) the Security Documents referred to at clauses 2.3 and 2.4 be amended to the extent set out in this Supplemental Deed.

 

1


NOW IT IS HEREBY AGREED as follows:

 

1 Interpretation

 

1.1 Definitions in Restated Agreement

 

Capitalised words and expressions used in this Supplemental Deed shall, unless the context otherwise requires and save as defined below, have the meanings given to them in the Restated Agreement or, if not defined in the Restated Agreement, the Restated Intercreditor Deed. In this Supplemental Deed, unless the context otherwise requires:

 

Equitisation Effective Date” means, provided that such date occurs after the Transfer Effective Date and prior to the Recapitalisation Supplemental Deed Effective Date, the date on which the Agent notifies TCN (for and on behalf of the TCN Entities), Telewest Global, Telewest UK, Telewest and the Lenders that it has received the documents and evidence in part C of Schedule 3, paragraphs 43 and 63 of the Restated Agreement in form and substance satisfactory to the Agent;

 

Original Intercreditor Deed” means an intercreditor deed dated 16 March 2001 and made between TCN (1), Telewest Finance Corporation (2) Telewest (3), the companies set out in schedule 1 thereto as Original Charging Subsidiaries (4), the partnerships set out in schedule 2 thereto as Original Charging Partnerships (5), CIBC World Markets plc as Security Trustee (6), the Lead Arrangers (7), CIBC World Markets plc as UK Agent (8), Canadian Imperial Bank of Commerce as US Agent (9), the banks and financial institutions whose names and addresses are set out in schedule 4 thereto as Lenders (10), the companies described therein as Lessors (11), The Cable Corporation Limited and The Yorkshire Cable Group Limited as Lessees (12), the banks and financial institutions described therein as Original Hedge Counterparties (13), Crosby Sterling Limited (14) and Lloyds Leasing Limited as agent for the Lessors (15);

 

Original Facility A Commitment” means the Facility A Commitment as defined in the Original Credit Agreement;

 

Original Facility B Commitment” means the Facility B Commitment as defined in the Original Credit Agreement;

 

Original Facility C Commitment” means the Facility C Commitment as defined in the Original Credit Agreement;

 

Original Facility B Outstandings” means the Facility B Outstandings as defined in the Original Credit Agreement;

 

Recapitalisation Supplemental Deed Effective Date” means provided that the Transfer Effective Date and the Equitisation Effective Date have occurred the later of (i) the date on which the Agent notifies TCN (for and on behalf of the TCN Entities), Telewest Global, Telewest UK, Telewest and the Lenders that it has received all the documents and evidence in part C of schedule 3 of the Restated Agreement in form and substance satisfactory to the Agent (including, without limitation, the documents and evidence in part C of Schedule 3 paragraphs 13, 14, 16, 25, 27, 28, 33 and 62) and (ii) the date on which an office copy of the court order sanctioning the scheme of arrangement of Telewest is delivered to the registrar of companies for registration;

 

Restated Agreement” means, prior to the Recapitalisation Supplemental Deed Effective Date, the Original Credit Agreement as it will be amended and waived pursuant to this Supplemental Deed and, with effect from the Recapitalisation Supplemental Deed Effective Date, the Original Credit Agreement as amended and waived pursuant to this Supplemental Deed;

 

Restated Deed of Subordination” means the Deed of Subordination dated 16 March 2001 given by Telewest in favour of the Existing Security Trustee as amended pursuant to this Supplemental Deed;

 

2


Restated Intercreditor Deed” means, prior to the Transfer Effective Date, the Original Intercreditor Deed as it will be amended and waived pursuant to the Intercreditor Deed Supplemental Deed and, with effect from the Transfer Effective Date, the Original Intercreditor Deed as amended and waived pursuant to the Intercreditor Deed Supplemental Deed;

 

Supplemental Deed” means this Supplemental Deed; and

 

Transfer Effective Date” means the date on which the Agent notifies TCN (for and on behalf of the TCN Entities), Telewest Global, Telewest UK, Telewest and the Lenders that it has received the documents and evidence in part C of Schedule 3 paragraphs 1-12 (inclusive), 15, 17-24 (inclusive), 26, 29-32 (inclusive), 34-42 (inclusive), 44-61 (inclusive) of the Restated Agreement in form and substance satisfactory to the Agent, provided that such date shall occur before the Recapitalisation Supplemental Deed Effective Date and the Equitisation Effective Date.

 

1.2 Interpretation of Original Credit Agreement

 

References in the Original Credit Agreement to “this Agreement” shall, with effect from the Recapitalisation Supplemental Deed Effective Date and unless the context otherwise requires, be references to the Original Credit Agreement as amended by this Supplemental Deed and words such as “herein”, “hereof”, “hereunder”, “hereafter”, “hereby” and “hereto”, where they appear in the Original Credit Agreement shall be construed accordingly.

 

1.3 Incorporation of certain references

 

Clauses 1.3, 1.4 and 1.5 of the Original Credit Agreement shall be deemed to be incorporated in this Supplemental Deed in full, mutatis mutandis.

 

1.4 Contracts (Rights of Third Parties) Act 1999

 

No terms of this Supplemental Deed are enforceable under the Contracts (Rights of Third Parties) Act 1999 by a person who is not a party to this Supplemental Deed.

 

1.5 Effect as a deed

 

This Deed is intended to take effect as a deed notwithstanding that the Finance Parties may have executed it under hand only.

 

2 Amendments to the Original Credit Agreement and the Finance Documents

 

2.1 With effect from the Recapitalisation Supplemental Deed Effective Date, the Original Credit Agreement shall be amended so as to read as set out in Schedule 2 and all obligations in the Original Credit Agreement will be superseded as of the Recapitalisation Supplemental Deed Effective Date and replaced by the obligations set out in the Restated Agreement attached at Schedule 2 hereto.

 

2.2 With effect from the Recapitalisation Supplemental Deed Effective Date, the Original Telewest Deed of Subordination shall be amended so as to read as set out in Schedule 7 of the Restated Agreement and all obligations in the Original Telewest Deed of Subordination will be superseded as of the Recapitalisation Supplemental Deed Effective Date and replaced by the obligations set out in the Restated Deed of Subordination attached at Schedule 7 of the Restated Agreement.

 

2.3 With effect from the Recapitalisation Supplemental Deed Effective Date, the TCN Debenture shall be amended as follows:

 

  (i) Schedule 1 shall be deleted in its entirety and replaced by the Schedule attached at Schedule 3 hereto; and

 

3


  (ii) clause 11.1 shall be amended by deleting the words “the Secured Obligations shall be immediately due and payable and”.

 

2.4 With effect from the Recapitalisation Supplemental Deed Effective Date, clause 8.1 of the Telewest Loan Assignment, clause 8.1 of the Share Charge, clause 6.1 of each Bond and Floating Charge and clause 8.1 of each Share Pledge, shall be amended by deleting in their entirety the words “the Secured Obligations shall be immediately due and payable and”.

 

2.5 Without prejudice to the generality of clause 2.1, the parties to this Supplemental Deed agree that Canadian Imperial Bank of Commerce shall resign from its appointment as US Agent with effect from the Transfer Effective Date, notwithstanding the fact that such resignation is not in accordance with clause 19.11 of the Original Credit Agreement and in particular that no successor US Agent will be appointed.

 

2.6 By their execution of this Supplemental Deed, each of the Charging Entities specifically acknowledges and accepts the terms of this Supplemental Deed and its Schedules and, for the avoidance of doubt, each Charging Entity agrees that the Security Documents to which it is a party and its obligations thereunder shall remain in full force and effect and the rights of the Beneficiaries and/or the New Beneficiaries thereunder shall not be prejudicially affected notwithstanding the amendments made to the Original Credit Agreement pursuant to this Supplemental Deed.

 

3 Waivers and consents under the Finance Documents

 

3.1 With effect from the Transfer Effective Date, the Lenders (i) waive the breaches (if any) of the Finance Documents set out in part A of Schedule 4 to the extent of the matters set out in part A of Schedule 4 which have occurred or will occur on or before the Transfer Effective Date and (ii) consent to the extent required under the Finance Documents to the transactions set out in part A of Schedule 4 to the extent of the matters set out in part A of Schedule 4 which have occurred or will occur on or before the Transfer Effective Date.

 

3.2 With effect from the Equitisation Effective Date, the Lenders (i) waive the breaches (if any) of the Finance Documents set out in part B of Schedule 4 to the extent of the matters set out in part B of Schedule 4 which have occurred or will occur on or before the Equitisation Effective Date and (ii) consent to the extent required under the Finance Documents to the transaction set out in part B of Schedule 4 to the extent of the matters set out in part B of Schedule 4 which have occurred or will occur on or before the Equitisation Effective Date.

 

3.3 With effect from the Recapitalisation Supplemental Deed Effective Date, the Lenders (i) waive the breaches (if any) of the Finance Documents set out in part C of Schedule 4 to the extent of the matters set out in part C of Schedule 4 which have occurred or will occur on or before the Recapitalisation Supplemental Deed Effective Date and (ii) consent to the extent required under the Finance Documents to the transaction set out in part C of Schedule 4 to the extent of the matters set out in part C of Schedule 4 which have occurred or will occur on or before the Recapitalisation Supplemental Deed Effective Date.

 

3.4 The occurrence of the Equitisation Effective Date, the Transfer Effective Date and the Recapitalisation Supplemental Deed Effective Date are each subject to the condition that the Agent shall have received the documents and evidence set out in such definitions in form and substance satisfactory to the Agent. These conditions are inserted solely for the benefit of the Lenders and may be waived on their behalf in whole or in part and with or without conditions by the Agent acting on the instructions of all the Lenders.

 

4 Representations and warranties

 

4.1 The representations and warranties in clauses 9.1 and 9.2 of the Restated Agreement shall be deemed to be repeated by such TCN Entity in respect of itself on and as of the date of the Supplemental Deed and the Recapitalisation Supplemental Deed Effective Date.

 

4


4.2 The representations and warranties in clause 5.1 of each Deed of Subordination shall be deemed to be repeated by each of Telewest, Telewest UK and Telewest Global in respect of itself on and as of the date of the Supplemental Deed and the Recapitalisation Supplemental Deed Effective Date.

 

5 Facility D Lenders

 

Each Facility D Lender hereby agrees that:

 

5.1 if there is a refinancing of the entire Senior Indebtedness on or prior to the Facility A Repayment Date, the Facility B Repayment Date or (as the case may be) the Facility C Repayment Date, it shall accept such refinancing provided that all amounts outstanding under Facility D are satisfied in full at par upon the date of such refinancing.

 

5.2 if there is a refinancing of the entire Senior Indebtedness it shall release the Security Trustee Security provided that, to the extent that it has continuing claims and obligations under the refinancing, there is granted replacement security acceptable to it in its absolute discretion of at least an equivalent nature, value and ranking to the Security granted under the Security Trustee Security Documents.

 

6 Facility C

 

Each TCN Entity party to any pooling agreement, guarantee or similar arrangement entered into in connection with Facility C and the Ancillary Facilities Letter (the “Facility C Arrangements”) hereby acknowledges the amendments made to Facility C and the Ancillary Facilities Letters and confirms that the obligations of the TCN Entities under the Facility C Arrangements shall be continuing obligations and the liability of such TCN Entities under the Facility C Arrangements shall not be released or reduced in any manner.

 

7 Fees and expenses

 

7.1 Fees

 

The Borrower shall pay to the Agent (for and on behalf of the Lenders) an amendment fee of an amount set out in an amendment fee letter dated on or about the date of this Deed.

 

7.2 Expenses

 

The Borrower shall pay to the Agent on the Recapitalisation Supplemental Deed Effective Date all reasonable expenses (including legal, other professional, printing and out of pocket expenses) incurred by the Lenders, the Agent, the Existing Security Trustee and the New Security Trustee in connection with the negotiation, preparation (including reasonable due diligence) and execution of this Supplemental Deed and any document referred to herein or in part C of Schedule 3 to the Restated Agreement together with interest at the rate referred to in clause 5.10 of the Restated Agreement from the date falling 30 days after the date of demand for payment of such expense to the date of payment (as well after as before judgment).

 

7.3 Stamp and other duties (general)

 

TCN shall (i) pay all stamp, documentary, registration or other like duties or taxes (including any duties or Taxes payable by the Finance Parties) imposed on or in connection with this Supplemental Deed and any document referred to herein or in part C of Schedule 3 to the Restated Agreement and (ii) shall indemnify the Finance Parties against any liability arising by reason of delay or omission by TCN to pay such duties or Taxes.

 

8 Prepayment, Cancellation and Conversion

 

8.1 TCN hereby gives notice to the Agent that, and the parties hereby agree that, on the Recapitalisation Supplemental Deed Effective Date:

 

8.1.1 TCN shall make the payment of £160,000,000 referenced in paragraph 29 of part C of Schedule 3 of the Restated Agreement to the Agent which shall be applied in prepayment of Facility A and Facility B in the manner set out in clause 8.1.4;

 

5


8.1.2 £95,000,000 of Facility B shall be cancelled and upon such cancellation taking effect the Original Facility B Commitment of each Lender shall be reduced proportionately save that, for the purposes of this clause 8.1.2 only, a Lender’s Original Facility C Commitment shall be added to such Lenders’ Original Facility B Commitment when determining the proportion of the Original Facility B Commitment to be reduced;

 

8.1.3 Part of the Original Facility B Outstandings shall convert to Facility B Outstandings (as such term is defined in the Restated Agreement) so that the Facility B Outstandings (as such term is defined in the Restated Agreement) shall reflect the amounts set out in column 2 of part E of Schedule 1 of the Restated Agreement;

 

8.1.4 Payments referred to in clause 8.1.1 shall be applied:

 

  (a) in prepayment in full of the Facility B Outstandings pursuant to clause 8.1.3 and simultaneously therewith each Lender shall assume the Facility B Commitment set out in column 2 of part E of Schedule 1 of the Restated Agreement as a Facility B Lender;

 

  (b) by way of a £20,000,000 part prepayment of the Facility A Outstandings (as such term is defined in the Original Credit Agreement) such prepayment to reduce the Original Facility A Commitment of each Facility A Lender pro rata. In accordance with clause 7.12.1 of the Original Credit Agreement, no amounts prepaid in respect of Facility A may be reborrowed and such prepayment shall operate as a cancellation of the relevant Original Facility A Commitments on the Recapitalisation Supplemental Deed Effective Date.

 

8.1.5 Upon the cancellation pursuant to clause 8.1.2, the conversion pursuant to clause 8.1.3 and the prepayments pursuant to clause 8.1.4, the remainder of the Original Facility B Outstandings shall convert to and be aggregated with the Facility A Outstandings (as such term is defined in the Restated Agreement) and that part of Facility B (as such term is defined in the Original Credit Agreement) so converted shall form part of Facility A (as such term is defined in the Restated Agreement) and the Facility A Commitment and Facility A Contribution (each such term as defined in the Restated Agreement) of each Facility A Lender shall become the Facility A Commitment and Facility A Contribution set out in column 1 of part E of Schedule 1 of the Restated Agreement.

 

8.1.6 Facility D1 and Facility D3 shall be cancelled and Facility D2 shall thereafter be called “Facility D” and the Facility D Commitment and Facility D Contribution (as each such term is defined in the Restated Agreement) of each Facility D Bank shall become the Commitment and Contribution as set out in column 4 of part E of Schedule 1 of the Restated Agreement.

 

8.2 Each of the steps set out in clause 8.1.1, 8.1.2, 8.1.3, 8.1.4 and 8.1.6 shall happen simultaneously on the Recapitalisation Supplemental Deed Effective Date and each of the steps set out in clause 8.1 is conditional upon all steps in clause 8.1 having occurred and accordingly if all such steps are not completed on the Recapitalisation Supplemental Deed Effective Date none of them shall be deemed to have occurred.

 

8.3 On the Recapitalisation Supplemental Deed Effective Date, following the completion of the steps set out in clause 8.1, the Agent shall distribute to the Lenders the payments received by it pursuant to clause 8.1.1 to reflect such steps so that the Facility A Commitment, Facility A Contribution, Facility B Commitment, Facility C Commitment and Facility D Commitment of each Lender is as set out in part E of Schedule 1 of the Restated Agreement.

 

8.4 For the purpose of this clause 8 only, all parties hereto agree to the order of such prepayments notwithstanding clause 7.11 of the Original Credit Agreement.

 

6


8.5 Other than to the extent set out in clause 7, no fees shall be payable in connection with the reduction, cancellation, prepayment and conversion described in clause 8.1 and for interest calculation purposes, each Advance under Facility A constituted by clause 8.1.5 shall be deemed to have been drawn down on the first day of the then current Interest Period for the relevant existing Advance under Facility B (as such term is defined in the Original Credit Agreement) for an Interest Period identical to such current Interest Period and interest shall accrue on each such Advance under Facility A accordingly.

 

8.6 The Margin in respect of each Interest Period in respect of each Advance outstanding on the Recapitalisation Supplemental Deed Effective Date, shall be adjusted with effect from the Recapitalisation Supplemental Deed Effective Date in accordance with the proviso set out in sub-paragraph (i) of clause 5.2.1 of the Restated Agreement.

 

9 Miscellaneous

 

9.1 Continuation of Original Credit Agreement

 

Save as amended and waived by this Supplemental Deed, the provisions of the Original Credit Agreement and the Original Telewest Deed of Subordination shall continue in full force and effect and the Original Credit Agreement or (as the case may be) the Original Telewest Deed of Subordination and the relevant provisions of this Supplemental Deed shall be read and construed as one instrument.

 

9.2 Counterparts

 

This Supplemental Deed may be executed in any number of counterparts and by the different parties on separate counterparts, each of which when so executed and delivered shall be an original but all counterparts shall together constitute one and the same instrument.

 

9.3 Finance Documents

 

The parties to this Supplemental Deed agree that this Supplemental Deed shall be a Finance Document for the purposes of the Original Credit Agreement and the Restated Agreement.

 

9.4 Partial Invalidity

 

The illegality, invalidity or unenforceability of any provision of this Supplemental Deed under the law of any jurisdiction shall not affect its legality, validity or enforceability under the law of any other jurisdiction, nor shall it affect the legality, validity or enforceability of any other provision.

 

10 Governing law

 

10.1 Law

 

This Supplemental Deed is governed by and shall be construed in accordance with English law.

 

10.2 Submission to Jurisdiction

 

Telewest, Telewest Global, Telewest UK and each TCN Entity agree for the benefit of the Finance Parties that any legal action or proceedings in connection with this Supplemental Deed against Telewest, Telewest Global, Telewest UK or any TCN Entity or any of their respective assets may be brought in the English courts. Telewest, Telewest Global, Telewest UK and each TCN Entity irrevocably and unconditionally submit to the jurisdiction of such courts and in the case of the TCN Entities which are not incorporated or organised under the laws of England, irrevocably designate, appoint and empower TCN at present of Export House, Cawsey Way, Woking Surrey GU21 6QX and in the case of Telewest Global irrevocably designates, appoints and empowers Law Debenture Corporate Services Limited at present of Fifth Floor, 100 Wood Street, London EC2V 7EX to receive for them and on their behalf, service of process issued out of the English courts in any legal action or proceedings arising out of or in connection with this

 

7


Supplemental Deed. The submission to such jurisdiction shall not (and shall not be construed so as to) limit the right of the Finance Parties to take proceedings against any of Telewest, Telewest Global, Telewest UK or any TCN Entity to enforce any judgment obtained in any court referred to in this clause 10.2 in any jurisdiction in which any of the assets of Telewest, Telewest Global, Telewest UK or any TCN Entity are situated, nor shall the taking of proceedings in any one or more jurisdiction referred to in this clause 10.2 preclude the taking of proceedings in any other such jurisdiction, whether concurrently or not.

 

10.3 Inconvenient Forum

 

Telewest, Telewest Global, Telewest UK and each TCN Entity irrevocably waives any objection it may have now or hereafter to the laying of venue of any action or proceedings in any court of jurisdiction referred to in clause 10.2 and any claim it may have now or hereafter that any action or proceedings brought in such courts or jurisdiction has been brought in an inconvenient forum.

 

IN WITNESS whereof the parties to this Supplemental Deed have caused this Supplemental Deed to be duly executed the day and year first above written.

 

8


Schedule 1

 

Part A - The Charging Subsidiaries

 

(1)

COMPANY NAME


  

(2)

COMPANY NUMBER


Birmingham Cable Corporation Limited

   2170379

Birmingham Cable Finance Limited

   60972

Birmingham Cable Limited

   2244565

Bravo TV Limited

   02342064

Cable Camden Limited

   01795642

Cable Enfield Limited

   02466511

Cable Hackney & Islington Limited

   01795641

Cable Haringey Limited

   01808589

Cable London Limited

   01794264

Central Cable Holdings Limited

   3008567

Crystal Palace Radio Limited

   01459745

Flextech Broadband Limited

   04125315

Flextech Broadcasting Limited

   04125325

Filegale Limited

   2804553

Flextech (1992) Limited

   01190025

Flextech (Travel Channel) Limited

   03427763

Flextech Children’s Channel Limited

   02678881

Flextech Communications Limited

   02588902

Flextech Digital Broadcasting Limited

   03298737

Flextech Family Channel Limited

   02856303

Flextech Interactive Limited

   03184754

Flextech IVS Limited

   02678882

Flextech Media Holdings Limited

   02678886

Flextech Rights Limited

   02981104

Flextech Television Limited

   02294553

Flextech Video Games Limited

   02670821

 

9


(1)

COMPANY NAME


  

(2)

COMPANY NUMBER


General Cable Group Limited

   2872852

General Cable Holdings Limited

   2798236

General Cable Limited

   2369824

Imminus Limited

   1785381

IVS Cable Holdings Limited

   41688

Maidstone Broadcasting

   02721189

Middlesex Cable Limited

   2460325

Sheffield Cable Communications Limited

   2465953

Southwestern Bell International Holdings Limited

   2378768

Starstream Limited

   01733724

Telewest Communications (Central Lancashire) Limited

   1737862

Telewest Communications (Cotswolds) Limited

   1743081

Telewest Communications (Dundee & Perth) Limited

   SC096816

Telewest Communications (Liverpool) Limited

   1615567

Telewest Communications (London South) Limited

   1697437

Telewest Communications (Midlands and North West) Limited

   2795350

Telewest Communications (Midlands) Limited

   1882074

Telewest Communications (Motherwell) Limited

   SC121617

Telewest Communications (North East) Limited

   2378214

Telewest Communications (North West) Limited

   2321124

Telewest Communications (Scotland Holdings) Limited

   SC150058

Telewest Communications (Scotland) Limited

   SC80891

Telewest Communications (South East) Limited

   2270764

Telewest Communications (South Thames Estuary) Limited

   2270763

Telewest Communications (South West) Limited

   2271287

Telewest Communications (St. Helens & Knowsley) Limited

   2466599

Telewest Communications (Tyneside) Limited

   2407676

Telewest Communications (Wigan) Limited

   2451112

 

10


(1)

COMPANY NAME


  

(2)

COMPANY NUMBER


Telewest Communications Cable Limited

   2883742

Telewest Communications Group Limited

   2514287

Telewest Communications Holdings Limited

   2982404

Telewest Communications (Nominees) Limited

   2318746

Telewest Limited

   03291383

Telewest Parliamentary Holdings Limited

   2514316

The Cable Corporation Limited

   2075227

Theseus No. 1 Limited

   2994027

Theseus No. 2 Limited

   2994061

UK Living Limited

   02802598

United Artists Investments Limited

   02761569

Windsor Television Limited

   1745542

Yorkshire Cable Communications Limited

   2490136

The Yorkshire Cable Group Limited

   2782818

Eurobell (Holdings) Limited

   29404215

Eurobell (Sussex) Limited

   2272340

Eurobell (South West) Limited

   1796131

Eurobell (West Kent) Limited

   2886001

Eurobell (IDA) Limited

   3373001

Eurobell Internet Services Limited

   3172207

Eurobell CPE Limited

   2742145

Eurobell Limited

   2983427

EMS Investments Limited

   3373057

Eurobell (No.2) Limited

   3405634

Eurobell (No.3) Limited

   3006948

Eurobell (No.4) Limited

   2983110

 

11


Part B - The Associated Partnerships

 

(1)

PARTNERSHIP NAME


  

(2)

PRINCIPAL PLACE OF BUSINESS


Avon Cable Joint Venture

  

700 Waterside Drive

Aztec West

Almondsbury

Bristol BS12 4ST

Avon Cable Limited Partnership

  

700 Waterside Drive

Aztec West

Almondsbury

Bristol BS12 4ST

Cotswolds Cable Limited Partnership

  

Concord House,

Staverton Technology Park,

Staverton,

Cheltenham,

Gloucestershire GL51 6TQ

Edinburgh Cable Limited Partnership

  

1 South Gyle Crescent Lane

Edinburgh EH2 9EG

Estuaries Cable Limited Partnership

  

Communications House, Scimitar Park,

Courtauld Park,

Basildon,

Essex SS1 1ND

London South Cable Partnership

  

Communications Centre

5 Factory Lane

Croydon

Surrey

TCI/US WEST Cable Communications Group

  

Genesis Business Park,

Albert Drive,

Woking,

Surrey GU21 5RW

Telewest Communications (London South) Joint Venture

  

Communications Centre

5 Factory Lane

Croydon

Surrey

Telewest Communications (Cotswolds) Venture

  

Network Centre

Staverton Technology Park

Staverton

Cheltenham

Gloucestershire GL51 6TQ

Telewest Communications (North East) Partnership

  

Communications House,

1 Duke’s Way West,

Team Valley,

Gateshead,

County Durham NE11 6EG

 

12


(1)

PARTNERSHIP NAME


  

(2)

PRINCIPAL PLACE OF BUSINESS


Telewest Communications (Scotland) Venture

  

1 South Gyle Crescent Lane

Edinburgh EH2 9EG

Telewest Communications (South East) Partnership

  

Communications House,

Scimitar Park,

Courtauld Park,

Basildon,

Essex SS1 1ND

Tyneside Cable Limited Partnership

  

Communications House,

1 Duke’s Way West,

Team Valley,

Gateshead,

County Durham NE11 6EG

United Cable (London South) Limited Partnership

  

Communications Centre

5 Factory Lane

Croydon

Surrey

 

13


Part C - The Lead Arrangers

 

Bank of America International Limited

   1 Alie Street, London E1 8DE

Barclays Capital

   5 The North Colonnade, Canary Wharf, London E14 4BB

Bayerische Hypo-und Vereinsbank AG

   Vintners Place, 68 Upper Thames Street, London EC4V 3BJ

BNY Markets Limited

   One Canada Square, London E14 5AL

CIBC World Markets Plc

   Cottons Centre, Cottons Lane, London SE1 2QL

CITIGROUP GLOBAL Markets Limited

(formerly Salomon Brothers International

Limited)

   33 Canada Square, Canary Wharf, London E14 5LB

Credit Suisse First Boston

   1-5 Cabot Square, London E14 4QR

Deutsche Bank AG, London

   Winchester House, 1 Great Winchester Street, London EC2N 2DB

Fortis Bank S.A./N.V.

   Camomile Court, 23 Camomile Street, London EC3A 7PP

J.P. Morgan

   125 London Wall, London EC2Y 5AJ

The Royal Bank of Scotland plc

   Corporate and Institutional Banking (Technology, Media & Telecom) 8th Floor, 135 Bishopsgate, London EC2M 3UR

TD Bank Europe Limited

   Triton Court, 14/18 Finsbury Square, London EC2A 1DB

WestLB AG, London Branch (formerly Westdeutsche Landesbank Girozentrale)

   51 Moorgate, London EC2R 6AE

 

14


Part D - The Lenders

 

Name, address and contact details

ABC International Bank plc

  

1-5 Moorgate, London EC2R 6AB

 

Contact: Naeem Sethi

AMP Nominees Ltd (Hendersons)

  

C/o Henderson Global Investors, 4 Broadgate, London EC2M 2DA

 

Contact: Julian Green

Bank of America, N.A.

  

1 Alie Street, London E1 8DE

 

Contact: Richard Woods

The Bank of New York

  

One Canada Square, London E14 5AL

 

Contact:

Cilla Housego, Loans Administration

The Governor and Company of The Bank of Scotland

  

Project & Specialised Industries Finance

Orchard Brae House

Level 2

30 Queensferry Road

Edinburgh EH4 2UG

 

Contact:

Alan Hogarth

Barclays Bank PLC

  

5 The North Colonnade, Canary Wharf, London E14 4BB

 

Contact: Ian Stewart

Bayerische Hypo-und Vereinsbank AG

  

Vintners Place

68 Upper Thames Street

London EC4V 3BJ

 

Contact: Martin Self

Bayerische Landesbank Girozentrale,

  

Bavaria House

13/14 Appold Street

London EC2A 2NB

 

Contact: David Mellotte

Canadian Imperial Bank of Commerce, London

Branch

  

Cottons Centre, Cottons Lane, London SE1 2QL

 

Contact: Supervisor, Corporate Lending Middle Office

Citibank, N.A.

  

33 Canada Square, Canary Wharf, London E14 5LB

 

Contact: Graham Thrower/Paul House

 

15


Name, address and contact details

CIT Group Structured Finance (UK) Limited

  

66 Buckingham Gate, London SW1E 6AU

 

Contact: Iain Hunter

Credit Lyonnais

  

Broadwalk House, 5 Appold St, London EC2A 2DA

 

Contact: Katy Brown

Credit Suisse First Boston

  

1-5 Cabot Square, London E14 4QR

 

Contact: Team 1/Loan Services

Debt Strategies Fund, Inc. (Merrill Lynch)

   [·]

Deutsche Bank AG, London

  

Winchester House, 1 Great Winchester Street, London EC2N 2DB

 

Contact: N J Whelan/Elizabeth Keegan

Dresdner Bank AG London Branch

  

Riverbank House

2 Swan Lane

London

EC4R 3UY

 

Contact: Philip McDonald/Aidan O’Byrne

Fleet National Bank

  

39 Victoria Street

London SW1H 0ED

 

Contact: Lisa Verdigi/Julie Onions

Fortis Bank S.A./N.V.

  

Camomile Court, 23 Camomile Street, London EC3A 7PP

 

Contact: Wayne Robertson

GE Capital Structured Finance Group Ltd

  

Clarges House

6-12 Clarges Street

London W1J 8DH

 

Contact: Stefano Cavalleri

General Electric Capital Corporation

  

120 Long Ridge Road

Stamford

CT 06927

 

Contact: Bhupesh Gupta/Stefano Cavalleri

Goldman Sachs Credit Partners L.P.

  

Peterborough Court, 133 Fleet St, London EC4A 2BB

 

Contact: Julian Salisbury

 

16


Name, address and contact details

ING Bank N.V.

  

Bijlmerplein 888

1102 MG Amsterdam

The Netherlands

 

Contact: Annelies Hartog/Rene Versendaal

JPMorgan Chase Bank (formerly The Chase

Manhattan Bank)

  

125 London Wall

London

EC2Y 5AJ

 

Contact: Stephen Marford/Steve Clarke

Lehman Commercial Paper Inc.

  

One Broadgate, London EC2M 7HA

 

Contact: Stephen Hodges

Merrill Lynch Global Investment Series: Income

Strategy Portfolio

   [·]

Merrill Lynch Credit Products LLC

   [·]

National Westminster Bank plc

  

Corporate & Institutional Banking (Technology, Media & Telecom)

8th Floor

135 Bishopsgate

London EC2M 3UR

 

Contact: David Ellis

NM Rothschild

  

New Court, St Swithin’s Lane, London EC4P 4DU

 

Contact: Alina Addison

Coöperatieve Centrale Raiffeisen-

Boerenleenbank B.A. (Rabobank International,

London Branch)

  

Thames Court, One Queenhithe, London EC4V 3RL

 

Contact: William Hendriks

The Royal Bank of Scotland plc

  

Corporate & Institutional Banking (Technology, Media & Telecom)

8th Floor

135 Bishopsgate

London EC2M 3UR

 

Contact: David Ellis

Scotiabank Europe plc

  

Scotia House

33 Finsbury Square

London

EC2A 1BB

 

Contact: Joanne Coombs/Stephen Caller

 

17


Name, address and contact details

Skandinaviska Enskilda Banken (Publ)

  

Kungsträdgards-gatan 8

106-40 Stockholm

Sweden

 

Contact:

Peter Bergengren

SPCP (Silverpoint (Capital))

  

C/o Silverpoint Capital, 600 Steamboat Rd, Greenwich CT, 06830

 

Contact: Tim Babitch

The Toronto- Dominion Bank

  

Triton Court, 14/18 Finsbury Square, London EC2A 1DB

 

Contact: Sala Fitt

Westdeutsche Landesbank Girozentrale

  

51 Moorgate, London EC2R 6AE

 

Contact: Carly Baker/Michelle Phillips

 

18


Schedule 2

Loan Agreement

 

[Insert Restated Facility Agreement here]

 

19


Schedule 3

Schedule 1 of the TCN Debenture

 

Part A - English Companies - Original Charging Subsidiaries

 

(1)

COMPANY NAME


  

(2)

COMPANY NUMBER


  

(3)

SHAREHOLDER


  

(4)

NO. OF SHARES


Telewest Communications Group Limited    2514287    Telewest Communications Holdings Ltd    2 Ordinary
Telewest Communications Cable Limited    2883742    Telewest Ltd    1,001,244,940 Ordinary
Telewest Communications Holdings Limited    2982404    TCN    100 Ordinary
Telewest Parliamentary Holdings Limited    25614316    Telewest Communications Holdings Ltd    2 Ordinary
Theseus No 1 Limited    2994027    Telewest Communications Cable Ltd    100,000 Ordinary
Theseus No 2 Limited    2994061    Telewest Communications Cable Ltd    100,000 Ordinary
Telewest Communications (Cotswolds) Limited    1743081    Telewest Communications (Nominees) Limited (on behalf of TC/US West Cable Communications Group    300,000 Ordinary A
600 Ordinary B
          Theseus No. 1 Ltd.    37,500 Ordinary A
75 Ordinary B
          Theseus No. 2 Ltd.    37,500 Ordinary A
75 Ordinary B
Telewest Communications (Midlands and North West) Limited    2795350    Telewest Ltd.    516,615,260 Ordinary
Southwestern Bell International Holdings Limited    2378768    Telewest Communications (Midlands & North West)    109,348,680 Ordinary
Telewest Communications (Midlands) Limited    1882074    Southwestern Bell International Holdings Ltd.    87,826 Ordinary
Telewest Communications (North West) Limited    2321124    Southwestern Bell International Holdings Ltd.    114,298 Ordinary
Telewest Communications (Wigan) Limited    2451112    Telewest Communications (North West) Ltd    15,117,731 Ordinary
Telewest Communications (Central Lancashire) Limited    1737862    Telewest Communications (North West) Ltd.    22,544,826 Ordinary
Telewest Communications (Liverpool) Limited    1615567   

Cable Communications Limited

Telewest Communications (North West) Ltd.

  

250,251 Ordinary

 

20,772,125 Ordinary

Telewest Communications (St. Helens & Knowsley) Limited    2466599    Telewest Communications (North West) Ltd.    2 Ordinary
Telewest Communications (London South) Limited    1697437   

Crystal Palace Radio Limited

 

Theseus No. 1 Limited

Theseus No. 2 Limited

 

United Cable (London South) Ltd. Partnership

  

415,490 Ordinary

 

52,149 Ordinary

52,148 Ordinary

 

1,389,794 Ordinary

 

20


(1)

COMPANY NAME


  

(2)

COMPANY NUMBER


  

(3)

SHAREHOLDER


  

(4)

NO. OF SHARES


Telewest Communications (South West) Limited    2271287    Telewest Communications (Nominees) Limited on behalf of TCI/US West Cable Communications Group    4,835,181 Ordinary
Birmingham Cable Corporation Limited    2170379    Telewest Ltd.    51,073,486 Ordinary
Birmingham Cable Limited    2244565    Birmingham Cable Corporation Ltd    2 Ordinary
Central Cable Holdings Limited    3008567    Birmingham Cable Corporation Ltd    2 Ordinary
General Cable Limited    2369824    Telewest Communications Networks Limited    366,453,843 Ordinary
General Cable Holdings Limited    2798236   

Telewest Ltd

 

Warrant to Bearer (on register 4 Jul 96)

  

100 Deferred Shares

6,187,735 Ordinary (US $1)

71,295,618 Ordinary (US$1)

The Cable Corporation Limited    2075227    General Cable Holdings Limited   

18,225,389 Ordinary

1,000,000 B Ordinary

2 Special

Windsor Television Limited    1745542    The Cable Corporation Limited    3,305,716 Ordinary
Middlesex Cable Limited    2460325    The Cable Corporation Ltd    2 Ordinary
The Yorkshire Cable Group Limited    2782818    General Cable Holdings Limited   

88,950,048 Ordinary 10p

88,950,048 Ordinary US$0.01

88,950,048 Deferred

Sheffield Cable Communications Limited    2465953    The Yorkshire Cable Group Limited    1,530,750 Ordinary
Yorkshire Cable Communications Limited    2490136    The Yorkshire Cable Group Limited    51,808,773 Ordinary
Filegale Limited    2804553    General Cable Holdings Ltd   

339,000 Ordinary 10p

172,890 C Ordinary 10p

Imminus Limited    1785381    Filegale Limited    1000 Ordinary
General Cable Group Limited    2872852    General Cable Holdings Limited    1 Ordinary
Cable London Limited    01794264    Telewest Ltd   

54,021,202 A Ordinary

1,551,714 B Ordinary

Cable Hackney & lslington Limited    01795641    Cable London Limited (formerly Cable London PLC)    1,200 Ordinary
Cable Camden Limited    01795842    Cable London Limited (formerly Cable London PLC)    1,200 Ordinary
Cable Enfield Limited    02466511    Cable London Limited (formerly Cable London PLC)    1,200 Ordinary
Cable Haringey Limited    01808589    Cable London Limited (formerly Cable London PLC)    1,200 Ordinary
Telewest Limited    03291383    Telewest Communications Networks Limited    7,732,635 Ordinary

 

21


(1)

COMPANY NAME


  

(2)

COMPANY NUMBER


  

(3)

SHAREHOLDER


  

(4)

NO. OF SHARES


Flextech Broadband Limited (formerly Cheltrading 283 Limited)    4125315    Telewest Communications Networks Limited    1,670,600,007 Ordinary
Flextech Broadcasting Limited (formerly Cheltrading 284 Limited)    4125325    Telewest Communications Networks Limited    1,131,810,002 Ordinary
Flextech (1992) Limited    01190025    Flextech Broadband Limited (formerly Cheltrading 283 Ltd.)    550,104,472 Ordinary
Flextech IVS Limited    02678882    Flextech (1992) Ltd. Flextech Media Holdings Limited   

10 Ordinary

990 Ordinary

Flextech Rights Limited    02981104    Flextech Broadband Limited (formerly Cheltrading 283 Ltd)    2 Ordinary
UK Living Limited    02802598    Flextech Broadcasting Limited (formerly Cheltrading 284 Ltd.    93,501 Ordinary 42,499 Ordinary
United Artists Investments Limited    02761569    TCN   

2 non-voting

100 voting

Flextech Digital Broadcasting Limited    03298737    TCN    2 Ordinary
Starstream Limited    01733724    Flextech Broadcasting Limited (formerly Cheltrading 284 Ltd.)   

20,000 A Ordinary

8,451,100 B Ordinary

2,741,256 C Ordinary

Bravo TV Limited    02342064    Flextech Broadcasting Limited (formerly Cheltrading 284 Ltd.)    2 Ordinary
Maidstone Broadcasting    02721189    Flextech Broadcasting Limited (formerly Cheltrading 284 Ltd.)    6,394,000 Ordinary
Flextech Media Holdings Limited    02678886    Flextech (1992) Limited   

990 Ordinary

10 Ordinary

Flextech Children’s Channel Limited    02678881    Flextech Media Holdings Limited    1000 Ordinary
Flextech Video Games Limited    02670821    TCN    2 Ordinary
Flextech Communications Limited    02588902   

Flextech Children’s Channel Limited

Flextech (1992) Limited

  

21 Deferred Ordinary 6,121,786 A Ordinary

2,991,256 B Ordinary

Flextech Family Channel Limited    02856303    Flextech Media Holdings Limited    2 Ordinary
Flextech Television Limited    02294553    Flextech Broadband Limited (formerly Cheltrading 283 Limited)    100 Ordinary
Flextech Interactive Limited    03184754    Flextech Broadband Limited (formerly Cheltrading 283 Limited)    2 Ordinary
Flextech (Travel Channel) Limited    03427763    Telewest Communications Networks Limited    2 Ordinary

 

22


(1)

COMPANY NAME


  

(2)

COMPANY NUMBER


  

(3)

SHAREHOLDER


  

(4)

NO. OF SHARES


Telewest Communications (North East) Limited    2378214    Telewest Communications (Nominees) Limited on behalf of TCI/US West Cable Communications Group    1,000 Ordinary
Telewest Communications (South East) Limited    2270764   

Telewest Communications (Nominees) Limited

TCI/US West Cable Communications Group

  

1 Ordinary

1 Ordinary

Telewest Communications (South Thames Estuary) Limited    2270763   

Telewest Communications (Nominees) Limited

TCI/US West Cable Communications Group

  

1 Ordinary

1 Ordinary

Crystal Palace Radio Limited    01459745    TCl/US West Cable Communications    757,951 Ordinary
Telewest Communications (Tyneside) Limited    2407676    Telewest Communications (North East) Limited    2 Ordinary

 

Part B - Acceding Chargors

 

Eurobell (Holdings) Limited    2904215    Telewest Limited   

63,818,186 Ordinary

6,980,889 12.5%

Cumulative

Redeemable Pref.

3,555,000 10.03%

Cumulative

Redeemable Pref.

Eurobell Limited    2983427    Eurobell (Holdings) Limited    1 Ordinary
Eurobell (IDA) Limited    3373001    Eurobell (Holdings) Limited    1 Ordinary
Eurobell (No 2) Limited    3405634    Eurobell Limited    1 Ordinary
Eurobell (No 3) Limited    3006948    Eurobell Limited    1,430,042 Ordinary
Eurobell (No 4) Limited    2983110    Eurobell Limited    2 Ordinary
Eurobell (South West) Limited    1796131    Eurobell (Holdings) Limited    4,500,000 Ordinary
Eurobell (Sussex) Limited    2272340    Eurobell (Holdings) Limited    4,500,000 Ordinary
Eurobell (West Kent) Limited    2886001    Eurobell (Holdings) Limited    2 Ordinary
Eurobell (CPE) Limited    2742145    Eurobell (Holdings) Limited    2 Ordinary
Eurobell Internet Services Limited    3172207    Eurobell (Holdings) Limited    1 Ordinary
EMS Investments Limited    3373057    Eurobell (IDA) Limited    1 Ordinary
Telewest Communications (Nominees) Limited    2318746    Telewest Communications Holdings Limited    2 Ordinary

 

Part C - Scottish Companies

 

Telewest Communications (Dundee & Perth) Limited    SC096816   

Telewest Communications Scotland Holdings Limited

(CIBC)

   17,560,989 Ordinary
Telewest Communications (Motherwell) Limited    SC121617   

Telewest Communications Scotland Holdings Limited

(CIBC)

   8,637,702 Ordinary
Telewest Communications (Scotland) Limited    SC80891   

Telewest Communications Scotland Holdings Ltd

(CIBC)

   480,000 Ordinary
Telewest Communications (Scotland Holdings) Limited    SC150058   

Telewest Ltd

(CIBC)

   48,236,221 Ordinary

 

23


Part D - Jersey Companies

 

IVS Cable Holdings Limited    41688   

Flextech Broadband Limited (formerly Cheltrading 283 Limited

Flextech (1992) Limited

  

70,352 Ordinary

6,337 Ordinary

Birmingham Cable Finance Limited    60972    Birmingham Cable Limited   

[175,000] Cumulative Redeemable

Preference Shares

20 Ordinary [to be

confirmed by Jersey

counsel]

 

24


Schedule 4

Part A - Waivers and consents to the Finance Documents

on the Transfer Effective Date

 

Composite Guarantee and Debenture dated 16 March 2001 (the “Composite Guarantee and Debenture”)

 

1 Clause 16.3.2 (Subsidiaries) in respect of the representation given in Clause 16.3.2 (Subsidiaries) of the Composite Guarantee and Debenture.

 

2 Clause 16.3.4 (Repetition) on an ongoing basis until the Recapitalisation Supplemental Deed Effective Date in respect of the representation given in Clause 16.3.2 (Subsidiaries) of the Composite Guarantee and Debenture.

 

Telewest Subordination Deed dated 16 March 2001

 

3 Clause 2.1.3 (Restricted Payments) in respect of the cancellation of certain intercompany loans owed by TCN to Telewest as set out in Part 1, A, Step Number 1 of the agreed form steps and documentation paper produced by Freshfields Bruckhaus Deringer (the “Steps Paper”).

 

Telewest Assignment of Loans dated March 2001

 

4 Clause 2.2.1 (Restrictions on dealing with Assigned Assets) in respect of the Encumbrance in favour of the New Security Trustee to be created by Telewest UK over the Assigned Assets.

 

5 Clause 2.2.2 (Restrictions on dealing with Assigned Assets) and clause 10.6.2 (Restriction of the Company’s rights) in respect of (i) the transfer as set out in Part 1, B, Step Number 9 of the Steps Paper by Telewest of, inter alia, all the Telewest Loans to Telewest UK which is itself not a TCN Entity and (ii) the earlier release of some of the intercompany debt owed by TCN to Telewest as set out in Part 1, A, Step Number 1 of the Steps Paper.

 

6 Clause 10.6.1 (Restriction of the Company’s rights) in respect of the indemnity from Telewest UK contained in clause [9] of the Transfer Agreement (in its form as at the Transfer Effective Date).

 

7 Clause 13.1.10 (Ownership of Assigned Assets) in respect of (i) the transfer by Telewest of the Assigned Assets to Telewest UK as set out in Part 1, B, Step Number 9 of the Steps Paper and (ii) the Encumbrance created by Telewest UK in favour of the New Security Trustee over the Assigned Assets.

 

Telewest Charge over Shares of Telewest Communications Networks Limited dated 16 March 2001 (“Charge over Shares”)

 

8 Clause 3.1.1 (Title to Shares) in respect of the transfer by Telewest of, inter alia, all the Shares and Secured Property to Telewest UK as set out in Part 1, B, Step Number 9 of the Steps Paper.

 

9 Clause 3.2 (Repetition of representations and warranties) on an ongoing basis in respect of waiver of Clause 3.1.1 of the Charge over Shares.

 

10 Clause 4.2.3(a) (Negative undertakings) in respect of the Encumbrance to be created by Telewest UK in favour of the New Security Trustee over the Secured Property.

 

25


11 Clause 4.2.3(b) (Negative undertakings) in respect of Telewest UK being registered as holder of the Secured Property pursuant to the transfer by Telewest of the Secured Property to Telewest UK under Part 1, B, Step Number 9 of the Steps Paper.

 

12 Clause 4.2.3(c) (Negative undertakings) in respect of the transfer by Telewest of the Secured Property to Telewest UK which is itself not a directly, wholly owned subsidiary of Telewest under Part 1, B, Step Number 9 of the Steps Paper.

 

13 Clause 4.2.3(g) (Negative undertakings) in respect of the transfer by Telewest of the Secured Property to Telewest UK.

 

14 Clause 11.6.1 (Restriction of the Shareholder’s rights) in respect of the indemnity from Telewest UK contained in clause [9] of the Transfer Agreement (in its form as at the Transfer Effective Date).

 

15 Clause 11.6.2 (Restriction of the Shareholder’s rights) in respect of (i) the transfer as set out in Part 1, B, Step Number 9 of the Steps Paper by Telewest of, inter alia, all the Telewest Loans to Telewest UK which is itself not a TCN Entity and (ii) the earlier release of some of the intercompany debt owed by TCN to Telewest as set out in Part 1, A, Step Number 1 of the Steps Paper.

 

Original Credit Agreement

 

1 Clause 12.1.1 (Negative Pledge) in respect of the Encumbrances to be created by the TCN Entities in favour of the New Security Trustee under the New Restructuring Hedge Security Documents.

 

2 Clause 12.1.3 (Disposals) in respect of the novations of intercompany debts referred to in Part 1, A, Step Numbers 2-8 (inclusive).

 

26


Part B - Waivers and consents to the Finance Documents

on the Equitisation Effective Date

 

Original Credit Agreement/Charge over Shares (as defined in Schedule 4 Part A above)

 

1 Clause 12.1.6 (Issue of Shares) of the Original Credit Agreement/Clause 4.2.3(d) of the Charge over Shares in respect of TCN issuing new shares to Telewest UK which is not itself a TCN Entity as set out in Part 1, C, Steps Number 13 and 14 of the Steps Paper.

 

Telewest Assignment of Loans dated 16 March 2001

 

2 Clause 2.2.2 (Restrictions on dealing with the Assigned Assets) in respect of the equitisation of various Telewest Loans as set out in Part 1, C, Steps Number 13 and 14 of the Steps Paper.

 

3 Clause 3.1.3 (Variation, amendment etc) in respect of the equitisation of various Telewest Loans as set out in Part 1, C, Steps Number 13 and 14 of the Steps Paper.

 

27


Part C - Waivers and consents to the Finance Documents

on the Recapitalisation Supplemental Deed Effective Date

 

Events of default relating to events surrounding the proposed recapitalisation, readjustment, rescheduling and/or reorganisation of the share capital of Telewest and/or any Indebtedness of Telewest (the “Recapitalisation”).

 

Original Credit Agreement

 

1 Clause 14.1.2 (Breach of certain obligations) in respect of TCN’s failure to notify the Agent of any likely Default or breach of clause 13 (Financial Covenants) and in respect of TCN’s failure to meet the financial covenants at Clause 13.1.1 (Total TCN Group Senior Debt/Consolidated Annualised TCN Group Net Operating Cash Flow and at Clause 13.1.3 ( TCN GroupCash Paying Debt Interest Cover) for the Quarterly Periods ending on December 31 2002, 31 March 2003 and 30 September 2003.

 

2 Clause 14.1.4 (Misrepresentation) in respect of the Recapitalisation to the extent that it has resulted in a breach of the representation at Clause 10.1.7 (No Litigation) in respect of any claims relating to the Recapitalisation which have been made against Telewest by, inter alios, its creditors including without limitation the legal process specified at paragraph 6 below;

 

3 Clause 14.1.6 (Cross-default) in respect of the failure by Telewest to meet certain interest payments when due under its high yield bond Indebtedness and in respect of the resulting cross default of certain hedging agreements including, inter alia, (a) the agreement dated 14 October 1997 between The Royal Bank of Scotland plc and Telewest and the schedule and confirmations thereto; (b) the agreement dated 8 October 1998 between JPMorgan Chase Bank and Telewest and the schedule and confirmations thereto; (c) the agreement dated 21 August 2000 between The Bank of New York and Telewest and the schedule and confirmations thereto and certain Lease Agreements entered into by Telewest or by TCN prior to the date hereof;

 

4 Clause 14.1.7 (Hedging Default) in respect of the Recapitalisation which has entitled the hedge counterparties to accelerate the hedge agreements specified at (a), (b) and (c) of paragraph 3 above;

 

5 Clause 14.1.9 (Insolvency) in respect of the failure by Telewest to meet certain interest payments when due under its high yield bond Indebtedness and in respect of the Recapitalisation;

 

6 Clause 14.1.10 (Legal process) in respect of, inter alia, the winding up petition relating to Telewest made by Credit Agricole Indosuez (London branch) supported by The Royal Bank of Scotland plc and The Huff Alternative Fund, L.P;

 

7 Clause 14.1.11 (Compositions) in respect of the steps and negotiations leading up to the proposed Recapitalisation;

 

8 Clause 14.1.14 (Analogous Proceedings) in respect of any analogous breaches of Clauses 14.1.9 (Insolvency), 14.1.10 (Legal Process), 14.1.11 (Compositions), 14.1.12 (Winding-up) and 14.1.13 (Administration) in Jersey or in New York or in any other jurisdiction in relation to the failure by Telewest to meet certain interest payments when due under its high yield bond Indebtedness or relating to the Recapitalisation generally; and

 

9 Clause 14.1.15(b) (Change of control of TCN or any Charging Subsidiary or Charging Partnerships) in respect of the transfer by Telewest of its shareholding in TCN to Telewest UK and in respect of TCN ceasing to be a wholly owned Subsidiary of Telewest.

 

28


10 Clause 14.1.20 (Material Events) in respect of the Recapitalisation.

 

Deed of Subordination relating to the Original Credit Agreement

 

11 Clause 2.1.1 (Restricted Payments) in respect of any payments made by TCN to Telewest which were not Permitted Payments as defined in the Original Credit Agreement.

 

12 Clause 3.2 (Payments Contrary to this Deed) in respect of the payments specified at paragraph 11 above.

 

13 Clause 5.1.5 (No Litigation) in respect of the litigation specified at paragraph 2 above.

 

14 Clause 6.1.1 (Change to Agreed Securities) in respect of the Recapitalisation.

 

15 Clause 6.1.3 (TCN to be wholly-owned) in respect of the transfer by Telewest of, inter alia, all assets (including the shares of TCN) to Telewest UK and in respect of TCN ceasing to be wholly-owned by Telewest.

 

29


Telewest    

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS PLC

  )
The Borrower    

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

NETWORKS LIMITED

  )

By:

  )
The Charging Subsidiaries and TCN Entities    

EXECUTED and DELIVERED as a DEED by

  )

BIRMINGHAM CABLE CORPORATION LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

BIRMINGHAM CABLE FINANCE LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

BIRMINGHAM CABLE LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

BRAVO TV LIMITED

   

EXECUTED and DELIVERED as a DEED by

  )

CABLE CAMDEN LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

CABLE ENFIELD LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

CABLE HACKNEY & ISLINGTON LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

CABLE HARINGEY LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

CABLE LONDON LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

CENTRAL CABLE HOLDINGS LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH BROADBAND LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH BROADCASTING LIMITED

  )

 

30


EXECUTED and DELIVERED as a DEED by

  )

CRYSTAL PALACE RADIO LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FILEGALE LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH (1992) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH (TRAVEL CHANNEL) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH CHILDREN’S CHANNEL LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH COMMUNICATIONS LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH DIGITAL BROADCASTING LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH FAMILY CHANNEL LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH INTERACTIVE LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH IVS LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH MEDIA HOLDING LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH RIGHTS LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH SATELLITE INVESTMENTS

  )

LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

FLEXTECH TELEVISION LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

 

31


FLEXTECH VIDEO GAMES LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

GENERAL CABLE GROUP LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

GENERAL CABLE HOLDINGS LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

GENERAL CABLE LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

HSN DIRECT INTERNATIONAL LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

IMMINUS LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

IVS CABLE HOLDINGS LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

MAIDSTONE BROADCASTING

  )

MIDDLESEX CABLE LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

SHEFFIELD CABLE COMMUNICATIONS

  )

LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

SOUTHWESTERN BELL INTERNATIONAL

  )

HOLDINGS LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

STARSTREAM LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS (CENTRAL

  )

LANCASHIRE) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(COTSWOLDS) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

 

32


EXECUTED and DELIVERED as a DEED by

  )

(DUNDEE & PERTH) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(LIVERPOOL) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(LONDON SOUTH) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

EXECUTED and DELIVERED as a DEED by

  )

(MIDLANDS AND NORTH WEST) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(MIDLANDS) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(MOTHERWELL) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(NORTH EAST) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(NORTH WEST) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(SCOTLAND) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(SOUTH EAST) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(SOUTH THAMES ESTUARY) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(SOUTH WEST) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

 

33


TELEWEST COMMUNICATIONS

  )

(ST. HELENS & KNOWSLEY) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(TYNESIDE) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS

  )

(WIGAN) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS CABLE

  )

LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS GROUP

  )

LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS HOLDINGS

  )

LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST COMMUNICATIONS (NOMINEES)

  )

LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

TELEWEST PARLIAMENTARY HOLDINGS

  )

LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

THE CABLE CORPORATION LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

THESEUS NO 1 LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

THESEUS NO 2 LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

UK LIVING LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

UNITED ARTISTS INVESTMENTS LIMITED

  )

 

34


EXECUTED and DELIVERED as a DEED by

  )

WINDSOR TELEVISION LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

THE YORKSHIRE CABLE GROUP LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL (HOLDINGS) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL (SUSSEX) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL (SOUTH WEST) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL (WEST KENT) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL (IDA) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL INTERNET SERVICES LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL CPE LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EMS INVESTMENTS LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL (NO.2) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL (NO.3) LIMITED

  )

EXECUTED and DELIVERED as a DEED by

  )

EUROBELL (NO.4) LIMITED

  )

 

35


(A) COLORADO LIMITED PARTNERSHIPS

 

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

AVON CABLE

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

COTSWOLDS CABLE

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

EDINBURGH CABLE

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

ESTUARIES CABLE

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

TYNESIDE CABLE

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

  )

 

36


and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

UNITED CABLE (LONDON

  )

SOUTH) LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

  )

 

(B) COLORADO GENERAL PARTNERSHIPS

 

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

LONDON SOUTH CABLE

  )

PARTNERSHIP

  )

by its managing partner

  )

UNITED CABLE (LONDON SOUTH)

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

by

  )

CRYSTAL PALACE RADIO LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

TCI/US WEST CABLE

  )

COMMUNICATIONS GROUP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

  )

 

37


(C) ENGLISH PARTNERSHIPS

 

The Partners of Avon Cable Joint Venture

 

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

AVON CABLE

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

by

  )

TELEWEST COMMUNICATIONS

  )

(SOUTH WEST) LIMITED

  )

 

The Partners of Telewest Communications (London South) Joint Venture

 

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

LONDON SOUTH CABLE

  )

PARTNERSHIP

  )

by its managing partner

  )

UNITED CABLE (LONDON

  )

SOUTH) LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

by

  )

TELEWEST COMMUNICATIONS

  )

(LONDON SOUTH) LIMITED

  )

 

38


The Partners of Telewest Communications (Cotswolds) Venture

 

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

COTSWOLDS CABLE

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

by

  )

TELEWEST COMMUNICATIONS

  )

(COTSWOLDS) LIMITED

  )

 

The Partners of Telewest Communications (Scotland) Venture

 

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

EDINBURGH CABLE

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

by

  )

TELEWEST COMMUNICATIONS

  )

(SCOTLAND) LIMITED

  )

 

The Partners of Telewest Communications (South East) Partnership

 

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

ESTUARIES CABLE

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

by

  )

TELEWEST COMMUNICATIONS

  )

(SOUTH EAST) LIMITED

  )

 

39


EXECUTED and DELIVERED as a DEED

  )

by

  )

TELEWEST COMMUNICATIONS

  )

(SOUTH THAMES ESTUARY) LIMITED

  )

 

The Partners of Telewest Communications (North East) Partnership

 

EXECUTED and DELIVERED as a DEED

  )

for and on behalf of

  )

TYNESIDE CABLE

  )

LIMITED PARTNERSHIP

  )

by its general partner

  )

THESEUS NO.1 LIMITED

 

  )

and by its general partner

  )

THESEUS NO.2 LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

by

  )

TELEWEST COMMUNICATIONS

  )

(NORTH EAST) LIMITED

 

  )

EXECUTED and DELIVERED as a DEED

  )

by

  )

TELEWEST COMMUNICATIONS

  )

(TYNESIDE) LIMITED

  )

 

Telewest Global

 

EXECUTED and DELIVERED as a DEED

  )

by

  )

TELEWEST GLOBAL, INC

  )

 

Telewest UK

 

EXECUTED and DELIVERED as a DEED

  )

by

  )

TELEWEST UK LIMITED

  )

 

The Lead Arrangers

 

SIGNED for and on behalf of

  )

BANK OF AMERICA INTERNATIONAL

  )

LIMITED

  )

by:

  )

 

40


SIGNED for and on behalf of

  )

BARCLAYS CAPITAL (the investment banking

  )

division of BARCLAYS BANK PLC)

  )

by:

 

  )

SIGNED for and on behalf of

  )

BAYERISCHE HYPO-UND

  )

VEREINSBANK AG

  )

by:

 

  )

SIGNED for and on behalf of

  )

BNY MARKETS LIMITED

  )

by:

 

  )

SIGNED for and on behalf of

  )

CIBC WORLD MARKETS PLC

  )

by:

 

  )

SIGNED for and on behalf of

  )

CREDIT SUISSE FIRST BOSTON

  )

by:

 

  )

SIGNED for and on behalf of

  )

DEUTSCHE BANK AG, LONDON

  )

by:

 

  )

SIGNED for and on behalf of

  )

FORTIS BANK S.A./N.V.

  )

by:

 

  )

SIGNED for and on behalf of

  )

J.P. MORGAN

  )

by:

 

  )

SIGNED for and on behalf of

  )

THE ROYAL BANK OF SCOTLAND PLC

  )

by:

  )

 

41


SIGNED for and on behalf of

  )

CITIGROUP GLOBAL MARKETS LIMITED

  )

by:

  )

SIGNED for and on behalf of

  )

TD BANK EUROPE LIMITED

  )

by:

  )

SIGNED for and on behalf of

  )

WEST LB, LONDON BRANCH

  )

by:

  )

The Lenders

   

SIGNED for and on behalf of

  )

ABC INTERNATIONAL BANK PLC

  )

by:

  )

SIGNED for and on behalf of

  )

AMP NOMINEES LIMITED(HENDERSONS)

  )

by:

  )

SIGNED for and on behalf of

  )

BANK OF AMERICA, N.A.

  )

by:

  )

SIGNED for and on behalf of

  )

THE BANK OF NEW YORK

  )

by:

  )

SIGNED for and on behalf of

  )

THE GOVERNOR AND COMPANY OF

  )

THE BANK OF SCOTLAND

  )

by:

  )

SIGNED for and on behalf of

  )

BARCLAYS BANK PLC

  )

by:

  )

 

42


SIGNED for and on behalf of

  )

BAYERISCHE HYPO-UND

  )

VEREINSBANK AG

  )

by:

  )

SIGNED for and on behalf of

  )

BAYERISCHE LANDESBANK

  )

GIROZENTRALE

  )

by:

  )

SIGNED for and on behalf of

  )

CANADIAN IMPERIAL BANK OF COMMERCE,

  )

LONDON BRANCH

  )

by:

  )

SIGNED for and on behalf of

  )

CITIBANK, N.A.

  )

by:

  )

SIGNED for and on behalf of

  )

CIT GROUP STRUCTURED FINANCE (UK)

  )

LIMITED

  )

by:

  )

SIGNED for and on behalf of

  )

CREDIT LYONNAIS

  )

by:

  )

SIGNED for and on behalf of

  )

CREDIT SUISSE FIRST BOSTON

  )

by:

  )

SIGNED for and on behalf of

  )

DEBT STRATEGIES FUND, INC.

  )

(MERRILL LYNCH)

  )

by:

  )

SIGNED for and on behalf of

  )

DEUTSCHE BANK AG, LONDON

  )

by:

  )

SIGNED for and on behalf of

  )

DRESDNER BANK AG LONDON BRANCH

  )

by:

  )

 

43


SIGNED for and on behalf of

  )

FLEET NATIONAL BANK

  )

by:

  )

SIGNED for and on behalf of

  )

FORTIS BANK S.A./N.V.

  )

by:

  )

SIGNED for and on behalf of

  )

GE CAPITAL STRUCTURED FINANCE

  )

GROUP LIMITED

  )

by:

  )

SIGNED for and on behalf of

  )

GENERAL ELECTRIC CAPITAL

  )

CORPORATION

  )

by:

  )

SIGNED for and on behalf of

  )

GOLDMAN SACHS CREDIT PARTNERS L.P.

  )

by:

  )

SIGNED for and on behalf of

  )

ING BANK N.V.

  )

by:

  )

SIGNED for and on behalf of

  )

JPMORGAN CHASE BANK

  )

(FORMERLY THE CHASE MANHATTAN

  )

BANK)

  )

by:

  )

SIGNED for and on behalf of

  )

LEHMAN COMMERCIAL PAPER INC

  )

by:

  )

SIGNED by

  )

MERRILL LYNCH GLOBAL INVESTMENT

  )

SERIES: INCOME STRATEGY PORTFOLIO

  )

by:

  )

SIGNED by

  )

MERRILL LYNCH CREDIT

  )

 

44


PRODUCTS LLC

  )

by:

  )

SIGNED by

  )

THE ROYAL BANK OF SCOTLAND PLC

  )

as agent for and on behalf of

  )

NATIONAL WESTMINSTER BANK PLC

  )

by:

  )

SIGNED for and on behalf of

  )

NM ROTHSCHILD

  )

by:

  )

SIGNED for and on behalf of

  )

COÖPERATIEVE CENTRALE

  )

RAIFFEISEN-BOERENLEENBANK

  )

B.A. (RABOBANK INTERNATIONAL,

  )

LONDON BRANCH)

  )

by:

  )

SIGNED for and on behalf of

  )

THE ROYAL BANK OF SCOTLAND PLC

  )

by:

  )

SIGNED for and on behalf of

  )

SCOTIABANK EUROPE PLC

  )

by:

  )

SIGNED for and on behalf of

  )

SKANDINAVISKA ENSKILDA BANKEN

  )

(Publ) by:

  )

SIGNED for and on behalf of

  )

SPCP (SILVERPOINT CAPITAL)

  )

by:

  )

 

45


SIGNED for and on behalf of

  )

THE TORONTO-DOMINION BANK

  )

by:

  )

SIGNED for and on behalf of

  )

WESTDEUTSCHE LANDESBANK

  )

GIROZENTRALE

  )

by:

  )

The Agents

   

SIGNED for and on behalf of

  )

CIBC WORLD MARKETS PLC

  )

by:

  )

SIGNED for and on behalf of

  )

CANADIAN IMPERIAL BANK

  )

OF COMMERCE

  )

by:

  )

Existing Security Trustee

   

SIGNED for and on behalf of

  )

CIBC WORLD MARKETS PLC

  )

in its capacity as security trustee for the

  )

Beneficiaries

  )

by:

  )

New Security Trustee

   

SIGNED for and on behalf of

  )

CIBC WORLD MARKETS PLC

  )

in its capacity as security trustee for the

  )

New Beneficiaries

  )

by:

  )

 

46