UNITEDGLOBALCOM INC
EX-10.1
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;page-break-after:auto;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.1</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PURCHASE AND CONTRIBUTION AGREEMENT<br>
<br>
Entered into as of April&nbsp;13, 2005<br>
<br>
among<br>
<br>
VTR GLOBALCOM S.A.,<br>
<br>
LIBERTY COMUNICACIONES DE CHILE UNO LTDA.,<br>
<br>
and<br>
<br>
CRISTALER&#205;AS DE CHILE S.A.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">TABLE
OF CONTENTS</font></b></p>

<p style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:none;">&nbsp;</p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="660" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:495.1pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Articlei_104959" title="Click to goto ARTICLE&#160;I">ARTICLE&nbsp;I DEFINITIONS</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="660" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:495.1pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="660" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:495.1pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Articleii_105014" title="Click to goto ARTICLE&#160;II">ARTICLE&nbsp;II ACQUISITION; CLOSING</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_1_124612" title="Click to goto Section 2.1">Section&nbsp;2.1</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_1_124612" title="Click to goto Section 2.1">Contribution; Purchase and Sale</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_2_124616" title="Click to goto Section 2.2">Section&nbsp;2.2</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_2_124616" title="Click to goto Section 2.2">Issuance of VTR Stock; Purchase Price</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_3_124623" title="Click to goto Section 2.3">Section&nbsp;2.3</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_3_124623" title="Click to goto Section 2.3">Closing</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_4_105141" title="Click to goto Section 2.4">Section&nbsp;2.4</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_4_105141" title="Click to goto Section 2.4">Closing Deliveries</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_5_105153" title="Click to goto Section 2.5">Section&nbsp;2.5</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_5_105153" title="Click to goto Section 2.5">Term Sheet</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_6_105201" title="Click to goto Section 2.6">Section&nbsp;2.6</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_6_105201" title="Click to goto Section 2.6">Prior Agreements</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_7_105206" title="Click to goto Section 2.7">Section&nbsp;2.7</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_7_105206" title="Click to goto Section 2.7">Metr&#243;polis Confidentiality Agreements</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_8_105211" title="Click to goto Section 2.8">Section&nbsp;2.8</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section2_8_105211" title="Click to goto Section 2.8">UGC/LMI Merger Agreement</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="display:none;font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="660" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:495.1pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Articleiii_105023" title="Click to goto ARTICLE&#160;III">ARTICLE&nbsp;III TRANSACTION
  REPRESENTATIONS AND WARRANTIES</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section3_1_105218" title="Click to goto Section 3.1">Section&nbsp;3.1</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section3_1_105218" title="Click to goto Section 3.1">Transferor Representations and Warranties</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section3_2_105231" title="Click to goto Section 3.2">Section&nbsp;3.2</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="#Section3_2_105231" title="Click to goto Section 3.2">VTR&#146;s Representations and Warranties</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="display:none;font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="660" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:495.1pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ArticleIv_113443" title="Click to goto ARTICLE IV">ARTICLE&nbsp;IV
  REPRESENTATIONS AND WARRANTIES REGARDING METR&#211;POLIS AND PROSER</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_1_113458" title="Click to goto Section 4.1">Section&nbsp;4.1</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_1_113458" title="Click to goto Section 4.1">Organization,
  Good Standing, and Authority</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_2_113502" title="Click to goto Section 4.2">Section&nbsp;4.2</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_2_113502" title="Click to goto Section 4.2">Capitalization</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_3_113510" title="Click to goto Section 4.3">Section&nbsp;4.3</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_3_113510" title="Click to goto Section 4.3">Consents;
  No Conflicts</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_4_113515" title="Click to goto Section 4.4">Section&nbsp;4.4</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_4_113515" title="Click to goto Section 4.4">Brokers&#146;
  and Finders&#146; Fees</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_5_113521" title="Click to goto Section 4.5">Section&nbsp;4.5</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_5_113521" title="Click to goto Section 4.5">Subsidiaries</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_6_113530" title="Click to goto Section 4.6">Section&nbsp;4.6</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_6_113530" title="Click to goto Section 4.6">Financial
  Statements; Absence of Certain Developments; No Undisclosed Liabilities; Net
  Debt</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_7_113546" title="Click to goto Section 4.7">Section&nbsp;4.7</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_7_113546" title="Click to goto Section 4.7">Real
  Property</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_8_113554" title="Click to goto Section 4.8">Section&nbsp;4.8</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_8_113554" title="Click to goto Section 4.8">Assets</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_9_113618" title="Click to goto Section 4.9">Section&nbsp;4.9</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_9_113618" title="Click to goto Section 4.9">Intangible
  Property</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_10_113626" title="Click to goto Section 4.10">Section&nbsp;4.10</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_10_113626" title="Click to goto Section 4.10">Contracts</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_11_113640" title="Click to goto Section 4.11">Section&nbsp;4.11</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_11_113640" title="Click to goto Section 4.11">Employee
  Benefit Plans</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_12_113647" title="Click to goto Section 4.12">Section&nbsp;4.12</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_12_113647" title="Click to goto Section 4.12">Employees</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_13_113656" title="Click to goto Section 4.13">Section&nbsp;4.13</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_13_113656" title="Click to goto Section 4.13">Legal
  Compliance</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_14_113701" title="Click to goto Section 4.14">Section&nbsp;4.14</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_14_113701" title="Click to goto Section 4.14">Taxes</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_15_130822" title="Click to goto Section 4.15">Section&nbsp;4.15</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_15_130822" title="Click to goto Section 4.15">Accounts
  Receivable</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_16_113705" title="Click to goto Section 4.16">Section&nbsp;4.16</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_16_113705" title="Click to goto Section 4.16">Books
  and Records</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_17_113709" title="Click to goto Section 4.17">Section&nbsp;4.17</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_17_113709" title="Click to goto Section 4.17">Systems</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_18_113716" title="Click to goto Section 4.18">Section&nbsp;4.18</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_18_113716" title="Click to goto Section 4.18">Legal
  Proceedings</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_19_113724" title="Click to goto Section 4.19">Section&nbsp;4.19</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_19_113724" title="Click to goto Section 4.19">Environmental
  Matters</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_20_113729" title="Click to goto Section 4.20">Section&nbsp;4.20</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_20_113729" title="Click to goto Section 4.20">Powers
  of Attorney</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_21_113734" title="Click to goto Section 4.21">Section&nbsp;4.21</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_21_113734" title="Click to goto Section 4.21">Insurance</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="126" valign="top" style="padding:0in 0in 0in 0in;width:94.5pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_22_113743" title="Click to goto Section 4.22">Section&nbsp;4.22</a></font></p>
  </td>
  <td width="534" valign="top" style="padding:0in 0in 0in 0in;width:400.6pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section4_22_113743" title="Click to goto Section 4.22">Information
  Furnished</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="660" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:495.1pt;">
  <p style="margin:0in 0in .0001pt .8in;text-indent:-.8in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ArticleV_113755" title="Click to goto ARTICLE V">ARTICLE&nbsp;V ADDITIONAL REPRESENTATIONS
  AND WARRANTIES REGARDING VTR AND ITS SUBSIDIARIES</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_1_113750" title="Click to goto Section 5.1">Section&nbsp;5.1</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_1_113750" title="Click to goto Section 5.1">Organization</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_2_113800" title="Click to goto Section 5.2">Section&nbsp;5.2</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_2_113800" title="Click to goto Section 5.2">Capitalization</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_3_113806" title="Click to goto Section 5.3">Section&nbsp;5.3</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_3_113806" title="Click to goto Section 5.3">Subsidiaries</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_4_113811" title="Click to goto Section 5.4">Section&nbsp;5.4</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_4_113811" title="Click to goto Section 5.4">Financial
  Statements; No Undisclosed Liabilities; Net Debt</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_5_113822" title="Click to goto Section 5.5">Section&nbsp;5.5</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_5_113822" title="Click to goto Section 5.5">Real
  Property</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_6_113827" title="Click to goto Section 5.6">Section&nbsp;5.6</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_6_113827" title="Click to goto Section 5.6">Assets</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_7_113836" title="Click to goto Section 5.7">Section&nbsp;5.7</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_7_113836" title="Click to goto Section 5.7">Intangible
  Property</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_8_113842" title="Click to goto Section 5.8">Section&nbsp;5.8</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_8_113842" title="Click to goto Section 5.8">Contracts</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_9_113845" title="Click to goto Section 5.9">Section&nbsp;5.9</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_9_113845" title="Click to goto Section 5.9">Legal
  Compliance</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_10_113850" title="Click to goto Section 5.10">Section&nbsp;5.10</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_10_113850" title="Click to goto Section 5.10">Taxes</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_11_113855" title="Click to goto Section 5.11">Section&nbsp;5.11</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_11_113855" title="Click to goto Section 5.11">Systems</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_12_113859" title="Click to goto Section 5.12">Section&nbsp;5.12</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_12_113859" title="Click to goto Section 5.12">Legal
  Proceedings</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_13_113904" title="Click to goto Section 5.13">Section&nbsp;5.13</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section5_13_113904" title="Click to goto Section 5.13">Information
  Furnished</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="display:none;font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="660" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:495.1pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ArticleVi_113912" title="Click to goto ARTICLE VI">ARTICLE&nbsp;VI
  COVENANTS</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_1_113917" title="Click to goto Section 6.1">Section&nbsp;6.1</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_1_113917" title="Click to goto Section 6.1">Confidentiality;
  Publicity</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_2_113923" title="Click to goto Section 6.2">Section&nbsp;6.2</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_2_113923" title="Click to goto Section 6.2">Expenses</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_3_113926" title="Click to goto Section 6.3">Section&nbsp;6.3</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_3_113926" title="Click to goto Section 6.3">Tax
  Matters</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_4_113930" title="Click to goto Section 6.4">Section&nbsp;6.4</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_4_113930" title="Click to goto Section 6.4">Litigation
  Support</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_5_113934" title="Click to goto Section 6.5">Section&nbsp;6.5</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_5_113934" title="Click to goto Section 6.5">Transition</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_6_113944" title="Click to goto Section 6.6">Section&nbsp;6.6</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_6_113944" title="Click to goto Section 6.6">VTR
  Capital Increase and Issuance of VTR Stock</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_7_113952" title="Click to goto Section 6.7">Section&nbsp;6.7</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_7_113952" title="Click to goto Section 6.7">VTR
  Loan</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_8_113957" title="Click to goto Section 6.8">Section&nbsp;6.8</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section6_8_113957" title="Click to goto Section 6.8">Further
  Assurances</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="display:none;font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="660" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:495.1pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ArticleVii_114001" title="Click to goto ARTICLE VII">ARTICLE&nbsp;VII
  CONDITIONS TO CLOSING</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_1_114007" title="Click to goto Section 7.1">Section&nbsp;7.1</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_1_114007" title="Click to goto Section 7.1">Opinions
  of Counsel</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_2_114013" title="Click to goto Section 7.2">Section&nbsp;7.2</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_2_114013" title="Click to goto Section 7.2">[Intentionally
  Omitted]</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_3_114019" title="Click to goto Section 7.3">Section&nbsp;7.3</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_3_114019" title="Click to goto Section 7.3">Certified
  Governing Documents</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_4_114024" title="Click to goto Section 7.4">Section&nbsp;7.4</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_4_114024" title="Click to goto Section 7.4">Good
  Standing Certificates</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_5_114029" title="Click to goto Section 7.5">Section&nbsp;7.5</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_5_114029" title="Click to goto Section 7.5">Officer
  Certificates</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_6_114037" title="Click to goto Section 7.6">Section&nbsp;7.6</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_6_114037" title="Click to goto Section 7.6">Board
  Approvals</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_7_114040" title="Click to goto Section 7.7">Section&nbsp;7.7</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_7_114040" title="Click to goto Section 7.7">Fairness
  Opinion</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_8_114045" title="Click to goto Section 7.8">Section&nbsp;7.8</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_8_114045" title="Click to goto Section 7.8">Miscellaneous
  Closing Deliveries</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_9_114051" title="Click to goto Section 7.9">Section&nbsp;7.9</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_9_114051" title="Click to goto Section 7.9">Dissolutions
  and Liquidations</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_10_114055" title="Click to goto Section 7.10">Section&nbsp;7.10</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_10_114055" title="Click to goto Section 7.10">[Intentionally
  Omitted]</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_11_114100" title="Click to goto Section 7.11">Section&nbsp;7.11</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_11_114100" title="Click to goto Section 7.11">Metr&#243;polis/CCC
  Shareholder Debt</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_12_114103" title="Click to goto Section 7.12">Section&nbsp;7.12</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_12_114103" title="Click to goto Section 7.12">Metr&#243;polis/Uno
  Shareholder Debt</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_13_114107" title="Click to goto Section 7.13">Section&nbsp;7.13</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_13_114107" title="Click to goto Section 7.13">VTR
  Credit Agreement</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_14_114113" title="Click to goto Section 7.14">Section&nbsp;7.14</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_14_114113" title="Click to goto Section 7.14">Metr&#243;polis
  Credit Agreement</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_15_114117" title="Click to goto Section 7.15">Section&nbsp;7.15</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section7_15_114117" title="Click to goto Section 7.15">Consents,
  Approvals, Waivers, Notices, and Filings</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="display:none;font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="660" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:495.1pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Articleviii_114122" title="Click to goto ARTICLE&#160;VIII">ARTICLE&nbsp;VIII
  INDEMNIFICATION</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_1_114127" title="Click to goto Section 8.1">Section&nbsp;8.1</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_1_114127" title="Click to goto Section 8.1">Survival
  of Representations, Warranties, and Covenants</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="125" valign="top" style="padding:0in 0in 0in 0in;width:1.3in;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_2_114131" title="Click to goto Section 8.2">Section&nbsp;8.2</a></font></p>
  </td>
  <td width="535" valign="top" style="padding:0in 0in 0in 0in;width:401.5pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_2_114131" title="Click to goto Section 8.2">Indemnification
  by Uno</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ii</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='ii',FILE='C:\JMS\mvangb\05-6805-1\task397098\6805-1-kg-01.htm',USER='mvangb',CD='Apr 15 06:34 2005' -->


<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_3_114141" title="Click to goto Section 8.3">Section&nbsp;8.3</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_3_114141" title="Click to goto Section 8.3">Indemnification
  by CCC</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_4_130458" title="Click to goto Section 8.4">Section&nbsp;8.4</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_4_130458" title="Click to goto Section 8.4">Indemnification
  by VTR</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_5_114614" title="Click to goto Section 8.5">Section&nbsp;8.5</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_5_114614" title="Click to goto Section 8.5">Defense
  of Action</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_6_114704" title="Click to goto Section 8.6">Section&nbsp;8.6</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_6_114704" title="Click to goto Section 8.6">Limitations
  on Indemnification</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_7_115051" title="Click to goto Section 8.7">Section&nbsp;8.7</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_7_115051" title="Click to goto Section 8.7">Insurance
  Proceeds</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_8_115044" title="Click to goto Section 8.8">Section&nbsp;8.8</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section8_8_115044" title="Click to goto Section 8.8">Exclusive
  Monetary Remedy; No Consequential Damages</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="display:none;font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="660" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:495.1pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ArticleIx_130443" title="Click to goto ARTICLE IX">ARTICLE&nbsp;IX
  MISCELLANEOUS</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_1_115037" title="Click to goto Section 9.1">Section&nbsp;9.1</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_1_115037" title="Click to goto Section 9.1">Entire
  Agreement</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_2_115033" title="Click to goto Section 9.2">Section&nbsp;9.2</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_2_115033" title="Click to goto Section 9.2">Governing
  Law; Governing Language</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_3_115027" title="Click to goto Section 9.3">Section&nbsp;9.3</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_3_115027" title="Click to goto Section 9.3">Dispute
  Resolution</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_4_115024" title="Click to goto Section 9.4">Section&nbsp;9.4</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_4_115024" title="Click to goto Section 9.4">Headings</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_5_115021" title="Click to goto Section 9.5">Section&nbsp;9.5</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_5_115021" title="Click to goto Section 9.5">Notices</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_6_115013" title="Click to goto Section 9.6">Section&nbsp;9.6</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_6_115013" title="Click to goto Section 9.6">Severability</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_7_115008" title="Click to goto Section 9.7">Section&nbsp;9.7</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_7_115008" title="Click to goto Section 9.7">Amendment;
  Waiver</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_8_115004" title="Click to goto Section 9.8">Section&nbsp;9.8</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_8_115004" title="Click to goto Section 9.8">Assignment
  and Binding Effect</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_9_115001" title="Click to goto Section 9.9">Section&nbsp;9.9</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_9_115001" title="Click to goto Section 9.9">No
  Benefit to Others</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_10_114957" title="Click to goto Section 9.10">Section&nbsp;9.10</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_10_114957" title="Click to goto Section 9.10">Counterparts</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_11_114954" title="Click to goto Section 9.11">Section&nbsp;9.11</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_11_114954" title="Click to goto Section 9.11">Interpretation</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="124" valign="top" style="padding:0in 0in 0in 0in;width:93.15pt;">
  <p style="margin:0in 0in .0001pt 40.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_12_115138" title="Click to goto Section 9.12">Section&nbsp;9.12</a></font></p>
  </td>
  <td width="536" valign="top" style="padding:0in 0in 0in 0in;width:401.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#Section9_12_115138" title="Click to goto Section 9.12">Rules&nbsp;of
  Construction</a></font></p>
  </td>
  <td width="60" valign="top" style="padding:0in 0in 0in 0in;width:44.9pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt 1.5in;text-indent:-1.0in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ScheduleA_130517" title="Click to goto SCHEDULE A ">Schedule&nbsp;A</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ScheduleA_130517" title="Click to goto SCHEDULE A ">Ownership
  of Stock of Metr&#243;polis and Proser</a></font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ScheduleB_130531" title="Click to goto SCHEDULE B ">Schedule&nbsp;B</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ScheduleB_130531" title="Click to goto SCHEDULE B ">Metr&#243;polis
  Taxes</a></font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ScheduleC_130540" title="Click to goto SCHEDULE C ">Schedule&nbsp;C</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ScheduleC_130540" title="Click to goto SCHEDULE C ">Tax
  Matters</a></font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitA_130548" title="Click to goto EXHIBIT A ">Exhibit&nbsp;A</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitA_130548" title="Click to goto EXHIBIT A ">Form&nbsp;of
  Uno Transfer Agreement</a></font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitB_130550" title="Click to goto EXHIBIT B ">Exhibit&nbsp;B</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitB_130550" title="Click to goto EXHIBIT B ">Form&nbsp;of
  CCC Subscription and Transfer Agreement</a></font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitC_130552" title="Click to goto EXHIBIT C ">Exhibit&nbsp;C</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitC_130552" title="Click to goto EXHIBIT C ">Form&nbsp;of
  Shareholders Agreement</a></font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitD_130555" title="Click to goto EXHIBIT D ">Exhibit&nbsp;D</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitD_130555" title="Click to goto EXHIBIT D ">Form&nbsp;of
  CCC Waiver and Release</a></font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitE_130600" title="Click to goto EXHIBIT E ">Exhibit&nbsp;E</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitE_130600" title="Click to goto EXHIBIT E ">Form&nbsp;of
  LMINT/LMC Waiver and Release</a></font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitF_130605" title="Click to goto EXHIBIT F ">Exhibit&nbsp;F</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitF_130605" title="Click to goto EXHIBIT F ">Form&nbsp;of
  Put Agreement</a></font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitG_130607" title="Click to goto EXHIBIT G ">Exhibit&nbsp;G</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitG_130607" title="Click to goto EXHIBIT G ">Form&nbsp;of
  Dispute Resolution Agreement</a></font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitH_130608" title="Click to goto EXHIBIT H ">Exhibit&nbsp;H</a></font></p>
  </td>
  <td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.92%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><a href="a05-6805_1ex10d1.htm#ExhibitH_130608" title="Click to goto EXHIBIT H ">Form&nbsp;of
  Guaranty</a></font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iii</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">PURCHASE
AND CONTRIBUTION AGREEMENT</font></b></p>

<p style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:none;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Purchase
and Contribution Agreement is entered into as of April&nbsp;13, 2005, by and
between</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VTR
GLOBALCOM S.A.</font></b>, a <i><font style="font-style:italic;">sociedad an&#243;nima</font></i> duly organized and validly existing under
the laws of Chile (&#147;<u>VTR</u>&#148;), represented by Rodrigo Castillo Murillo,with
domicile at Reyes Lavalle 3340, 9th Floor, Las Condes, Santiago, Chile;</p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LIBERTY
COMUNICACIONES DE CHILE UNO LTDA.</font></b>, a <i><font style="font-style:italic;">sociedad de responsabilidad
limitada</font></i> duly organized and validly existing under the laws of Chile
(&#147;<u>Uno</u>&#148;), represented by Max Letelier Bomchil, with domicile at Isidora
Goyenechea 3120, Third Floor, Las Condes, Santiago, Chile; and</p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CRISTALER&#205;AS
DE CHILE S.A.</font></b>, a <i><font style="font-style:italic;">sociedad an&#243;nima</font></i> duly organized and validly existing under
the laws of Chile (&#147;<u>CCC</u>&#148;), represented by Cirilo Elton Gonz&#225;lez and
Baltazar S&#225;nchez Guzm&#225;n, both with domicile at Hendaya 60, Suite&nbsp;201, Las
Condes, Santiago, Chile.</p>

<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR, Uno, and
CCC are sometimes referred to herein individually as a &#147;<u>Party</u>&#148; and
collectively as the &#147;<u>Parties</u>.&#148;&#160;
Uno and CCC are sometimes referred to herein individually as a &#147;<u>Transferor</u>&#148;
and collectively as the &#147;<u>Transferors</u>.&#148; Capitalized terms used and not
otherwise defined in this Agreement have the respective meanings ascribed
thereto in Article&nbsp;I.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">RECITALS</font></b></p>

<p style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:none;">&nbsp;</p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Uno owns (a)&nbsp;shares
representing 50% of the outstanding share capital of Metr&#243;polis-Intercom S.A.,
a Chilean <i><font style="font-style:italic;">sociedad
an&#243;nima</font></i> (&#147;<u>Metr&#243;polis</u>&#148;), as described on Schedule&nbsp;A, (b)&nbsp;one share of Proser S.A., a Chilean <i><font style="font-style:italic;">sociedad an&#243;nima</font></i>
(&#147;<u>Proser</u>&#148;), as described on Schedule&nbsp;A, and (c)&nbsp;the
Metr&#243;polis/Uno Shareholder Debt.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>CCC owns (a)&nbsp;shares
representing 50% of the outstanding share capital of Metr&#243;polis, as described
on Schedule&nbsp;A, (b)&nbsp;one share of Proser, as described on Schedule&nbsp;A,
and (c)&nbsp;through its wholly owned Subsidiary CristalChile Inversiones S.A.,
a Chilean <i><font style="font-style:italic;">sociedad
an&#243;nima</font></i> (&#147;<u>CCInversiones</u>&#148;), the Metr&#243;polis/CCC Shareholder
Debt.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Metr&#243;polis owns and
operates Systems in Chile.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Metr&#243;polis owns the
remaining share capital of Proser S.A., as described on Schedule&nbsp;A.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Prior to the date
hereof, (a)&nbsp;Cordillera Comunicaciones Holding Limitada and its Subsidiary
Cordillera Comunicaciones Limitada were dissolved and liquidated and the share
capital of Metr&#243;polis owned by either of them was distributed to CristalChile
Comunicaciones S.A. and Uno, and (b)&nbsp;CristalChile Comunicaciones S.A. was
dissolved and CCC succeeded it in its ownship of the share capital of
Metr&#243;polis and Proser owned by it.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">F.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Uno desires to (a)&nbsp;sell
to VTR, and VTR desires to purchase from Uno, all but one share of the issued
and outstanding share capital of Metr&#243;polis that is owned by Uno, in
consideration for, among other things, the Deferred Purchase Price; (b)&nbsp;transfer
to VTR&#146;s Subsidiary VTR Net S.A. the remaining share of Metr&#243;polis that is
owned by Uno; (c)&nbsp;sell to VTR, and VTR desires to purchase from Uno, the Metr&#243;polis/Uno
Shareholder Debt pursuant to the Uno Debt DPPO; and (d)&nbsp;transfer to VTR
Net S.A. the single share of Proser that is owned by Uno.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">G.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>CCC desires to (a)&nbsp;contribute
to VTR all of the issued and outstanding share capital of Metr&#243;polis that is owned
by CCC, in consideration for, among other things, newly issued shares of VTR
Stock representing 20% of the outstanding share capital of VTR after such
issuance; (b)&nbsp;cause CCInversiones to sell to VTR, and VTR desires to
purchase from CCInversiones, the Metr&#243;polis/CCC Shareholder Debt pursuant to
the CCC Debt DPPO; and (c)&nbsp;transfer to Metr&#243;polis the single share of
Proser owned by CCC.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">H.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR owns and operates
Systems in Chile.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">AGREEMENT</font></b></p>

<p style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:none;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
consideration of the mutual promises, covenants, and agreements set forth
herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties hereby agree as follows:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><a name="Articlei_104959"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;I</font></b></a><br>
DEFINITIONS</h1>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font style="font-weight:normal;">&nbsp;</font></h1>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For purposes
of this Agreement, the following terms have the following meanings:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Acquisition</font></u>:&#160; The direct acquisition by VTR of the shares
of Metr&#243;polis Stock and the indirect acquisition by VTR of the shares of Proser
Stock, in each case pursuant to this Agreement.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Action</font></u>:&#160; As defined in Section&nbsp;8.5(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Affiliate</font></u>:&#160; Affiliate of a Person means any Person that
directly, or indirectly through one or more intermediaries, Controls, is Controlled by, or is under common Control with, the Person
in question.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Agreement</font></u>:&#160; This Purchase and Contribution Agreement
(including the Exhibits, Disclosure Schedules (but not the Metr&#243;polis
Disclosure Bundle), and other Schedules attached hereto).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Antitrust
Resolution</font></u>:&#160; The
resolution issued by the <i><font style="font-style:italic;">Tribunal de Defensa de la
Libre Competencia</font></i> of Chile on October&nbsp;25, 2004, which became
final and nonappealable on March&nbsp;10, 2005 as a result of a ruling by the
Chilean Supreme Court.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Basket Amount</font></u>:&#160; As defined in Section&nbsp;8.6(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Basket
Exceptions</font></u>:&#160; As
defined in Section&nbsp;8.6(a).</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Business Day</font></u>:
&#160;Any day other than Saturday, Sunday, and
a day on which banks in Denver, Colorado, U.S.A. or Santiago, Chile are
required or permitted to close.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CCC</font></u>:&#160; As defined in the preamble.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CCC Debt DPPO</font></u>:&#160; The assignment agreement, executed in the
form of a public deed dated as of the date hereof, pursuant to which the
Metr&#243;polis/CCC Shareholder Debt is being assigned by CCInversiones to VTR, and
in consideration therefor VTR is agreeing to pay to CCInversiones the amount of
US$10,521,784.83, on the terms and conditions stated therein.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CCC Disclosure Schedule</font></u>.&#160; The schedule&nbsp;so named, dated the date
hereof, delivered by CCC to VTR.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CCC Material
Adverse Effect</font></u>:&#160;
A Material Adverse Effect with respect to CCC.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CCC
Subscription and Transfer Agreement</font></u>:&#160; As defined in Section&nbsp;2.4(a)(ii).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CCC Waiver and
Release</font></u>:&#160; As
defined in Section&nbsp;2.4(a)(vi).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CCInversiones</font></u>:&#160; As defined in the recitals.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chile</font></u>:&#160; The Republic of Chile.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chilean Pesos</font></u>:&#160; Pesos, the lawful currency of Chile.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Closing</font></u>:&#160; The closing of (a)&nbsp;the contribution by
CCC of its Metr&#243;polis Stock to VTR in exchange for VTR Stock, (b)&nbsp;the
transfer by CCC of its single share of Proser Stock to Metr&#243;polis, (c)&nbsp;the
sale by CCInversiones of the Metr&#243;polis/CCC Shareholder Debt to VTR pursuant to
the CCC Debt DPPO, (d)&nbsp;the sale by Uno of its Metr&#243;polis Stock to VTR in
exchange for the Deferred Purchase Price, (e)&nbsp;the transfer by Uno of its
single share of Proser Stock to VTR Net S.A., and (f)&nbsp;the sale by Uno of
the Metr&#243;polis/Uno Shareholder Debt to VTR pursuant to the Uno Debt DPPO.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Code</font></u>:&#160; The U.S. Internal Revenue Code of 1986.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Confidential
VTR Information</font></u>:&#160;
As defined in Section&nbsp;6.1(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Contract</font></u>:&#160; Any note, bond, indenture, debenture,
security agreement, trust agreement, mortgage, lease, contract, license,
franchise, permit, guaranty, joint venture agreement, or other agreement,
instrument, commitment, or obligation, whether oral or written.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Control</font></u>:&#160; The ability to direct or cause the direction
(whether through the ownership of voting securities, by contract, or otherwise)
of the management and policies of a Person or to control (whether affirmatively
or negatively and whether through the ownership of voting securities, by
contract, or otherwise) the decision of such Person to engage in the particular</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">conduct</font> at
issue.&#160; A Person will be rebuttably
presumed to control an Entity if such Person owns, directly or indirectly
through one or more intermediaries, (a)&nbsp;sufficient shares of stock or
other equity interests of such Entity to allow such Person, under ordinary
circumstances, to elect or direct the election of a majority of the members of
the board of directors or other governing body of such Entity or (b)&nbsp;shares
of stock or other equity interests of such Entity representing, in the
aggregate, more than 50% of the aggregate outstanding economic interests in
such Entity.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Controlled
Affiliate</font></u>:&#160; A
Controlled Affiliate of a Person means any Entity that is an Affiliate of such
Person and that such Person directly, or indirectly
through one or more intermediaries, Controls.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporations
Law</font></u>:&#160; Chilean
Law N&#176;18,046 on Corporations <i><font style="font-style:italic;">(</font></i><i><font style="font-style:italic;">Ley de Sociedades An&#243;nimas</font>)</i>.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Deferred
Purchase Price</font></u>:&#160;
As defined in Section&nbsp;2.2(b).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Disclosure
Schedules</font></u>:&#160; Any
of the CCC Disclosure Schedule, the Metr&#243;polis Disclosure Schedule, the Uno
Disclosure Schedule, and the VTR Disclosure Schedule, as applicable.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dispute
Resolution Agreement</font></u>:&#160;
As defined in Section&nbsp;2.4(a)(xi).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dollars</font></u>:&#160; Dollars, the lawful currency of the U.S.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">DPP Obligation</font></u>:&#160; As defined in Section&nbsp;2.2(b).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Entity</font></u>:&#160; Any <i><font style="font-style:italic;">sociedad an&#243;nima</font></i>, <i><font style="font-style:italic;">sociedad de responsabilidad limitada</font></i>,
corporation, general or limited partnership, limited liability company, joint
venture, trust, association, unincorporated entity of any kind, or Governmental
Authority.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Environmental
Laws</font></u>:&#160; Any and
all present Chilean Laws relating to the regulation or protection of the
environment or human health or to emissions, discharges, releases or threatened
releases of pollutants, contaminants, chemicals or toxic or hazardous
substances or wastes into the indoor or outdoor environment.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Equipment</font></u>:&#160; With respect to a System, all of such System&#146;s
equipment, including towers, tower equipment, antennas, above-ground and
underground cable, distribution systems, head-end amplifiers, line amplifiers,
earth satellite receiver stations and related equipment, microwave equipment,
testing equipment, tools, inventory, spare parts, and all other tangible
property and facilities owned, used or held for use in such System.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filing</font></u>:&#160; Any written registration, declaration,
application, or filing.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">GAAP</font></u>:&#160; Generally accepted accounting principles as
used in Chile as in effect on the date hereof.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Governing
Documents</font></u>:&#160; The <i><font style="font-style:italic;">estatutos sociales</font></i>, <i><font style="font-style:italic;">escritura de
constituci&#243;n social</font></i>, articles or certificate of incorporation
or association, general or limited partnership agreement, limited
liability company or operating agreement, bylaws, or other governing
documents of any Entity.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Governmental
Authority</font></u>:&#160; Any
Chilean national, regional, or local, or any foreign, court, governmental
department, commission, authority, board, bureau, agency, official, or other
instrumentality.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Guaranty</font></u>:&#160; As defined in Section&nbsp;2.4(a)(xii).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Home Passed</font></u>:&#160; Each dwelling unit that can be connected to a
System without the need of further extending the distribution plant; <u>provided</u>,
<u>however</u>, that with respect to Video MMDS Subscribers, one home passed is
equal to one Video MMDS Subscriber.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Improvements</font></u>:&#160; As defined in Section&nbsp;4.7(c).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indebtedness</font></u>:&#160; Without duplication, (a)&nbsp;all obligations
created, issued, or incurred for borrowed money (whether by loan, the issuance
and sale of debt securities, or the sale of property to another Person subject
to an understanding or agreement, contingent or otherwise, to repurchase such
property from such other Person); (b)&nbsp;all obligations to pay the deferred
purchase price or acquisition price of property or services (other than accrued
expenses and trade accounts payable incurred in the ordinary course of business
that are not more than 90 days past due); (c)&nbsp;all indebtedness evidenced
by a note, bond, debenture, or similar instrument; (d)&nbsp;the principal
amount of all obligations under or in respect of leases capitalized in
accordance with GAAP; (e)&nbsp;all obligations in respect of letters of credit
or similar instruments issued or accepted by banks and other financial
institutions; (f)&nbsp;all payment obligations under any interest rate
protection agreements, currency hedge agreements, and similar agreements to the
extent constituting a liability under GAAP; and (g)&nbsp;all obligations under
guarantees with respect to any of the foregoing.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indemnified
Party</font></u>:&#160; As
defined in Section&nbsp;8.5(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indemnifying
Party</font></u>:&#160; As
defined in Section&nbsp;8.5(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Intellectual
Property</font></u>:&#160; All
of the following: (a)&nbsp;all inventions (whether patentable or unpatentable
and whether or not reduced to practice), all improvements thereto, and all
patents, patent applications, and patent disclosures, together with all
reissuances, continuations, continuations-in-part, revisions, extensions, and
reexaminations thereof, (b)&nbsp;all trademarks, service marks, trade dress,
logos, slogans, trade names, corporate names, Internet domain names, and rights
in telephone numbers, together with all translations, adaptations, derivations,
and combinations thereof and including all goodwill associated therewith, and
all applications, registrations, and renewals in connection therewith, (c)&nbsp;all
copyrightable works, all copyrights, and all applications, registrations, and
renewals in connection therewith, (d)&nbsp;all mask works and all applications,
registrations, and renewals in connection therewith, (e)&nbsp;all trade secrets
and confidential business information (including ideas, research and
development, know-how, formulas, compositions, manufacturing and production
processes and techniques, technical data, designs, drawings, specifications,
customer and supplier lists, pricing and cost information, and</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">business</font> and
marketing plans and proposals), (f)&nbsp;all computer software (including
source code, executable code, data, databases, and related documentation), (g)&nbsp;all
material advertising and promotional materials, (h)&nbsp;all other proprietary
rights, and (i)&nbsp;all copies and tangible embodiments of any of the
foregoing (in whatever form or medium).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Internet
Subscriber</font></u>:&#160; A
dwelling unit or commercial unit with one or more cable modems connected to a
System, where a customer has requested and is receiving Internet access
services through such cable modem(s), including as part of any bundling
arrangement with a third party.&#160; For
purposes of this definition, any unit receiving such services without an
obligation to pay consideration or fees therefor shall not be considered an
Internet Subscriber.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Judgment</font></u>:&#160; Any judgment, writ, order, decree,
injunction, award, restraining order, or ruling of or by any court, judge,
justice, arbitrator, or magistrate, including any bankruptcy court or judge,
and any writ, order, decree, or ruling of or by any Governmental Authority.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Law</font></u>:&#160; Any Chilean national, regional, or local, or
any foreign, statute, code, ordinance, rule, regulation, Judgment, regulatory
agreement with a Governmental Authority, or general principle of common or
civil law or equity.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Legal
Proceedings</font></u>:&#160;
Any private or governmental action, suit, complaint, arbitration, legal,
or administrative proceeding or investigation.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Licenses</font></u>:&#160; All franchises, concessions, licenses,
permits, authorizations, certificates, variances, exemptions, consents, leases,
rights of way, easements, instruments, orders, and approvals issued by any
Governmental Authority.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lien</font></u>:&#160; Any (a)&nbsp;security agreement, conditional
sale agreement, or other title retention agreement; (b)&nbsp;lease,
consignment, or bailment given for security purposes; and (c)&nbsp;lien,
charge, restrictive agreement, prohibition against transfer, mortgage, pledge,
option, encumbrance, adverse interest, security interest, claim, attachment,
exception to or defect in title, or other ownership interest (including
reservations, rights of entry, possibilities of reverter, encroachments,
easements, rights of way, restrictive covenants, leases, and Licenses granted
to other Persons) of any kind, but excluding any of the foregoing created or
imposed by or pursuant to this Agreement or any other Transaction Document.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">LMC</font></u>:&#160; Liberty Media Corporation, a Delaware U.S.A.
corporation.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">LMI</font></u>:&#160; Liberty Media International,&nbsp;Inc., a
Delaware U.S.A. corporation.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">LMINT</font></u>:&#160; Liberty Media International Holdings, LLC, a
Delaware U.S.A. limited liability company.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">LMINT/LMC
Waiver and Release</font></u>:&#160;
As defined in Section&nbsp;2.4(a)(vii).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Losses</font></u>:&#160; Losses, liabilities, damages, dues,
deficiencies, assessments, Liens, fines, interest, penalties, costs, expenses,
and obligations, including amounts reasonably paid in settlement, prosecuting,
defending, or otherwise, and reasonable legal, accounting, experts, and</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">other fees, costs, and expenses, in connection with claims, actions,
suits, proceedings, hearings, investigations, charges, complaints, demands,
injunctions, Judgments, orders, decrees, and rulings.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Material
Adverse Change</font></u> or <u>Material Adverse Effect</u>:&#160; With respect to any Person, (a)&nbsp;any
event, change, or effect that is materially adverse to the condition (financial
or otherwise), properties, assets, liabilities, business, operations, or
results of operations, of such Person and its Subsidiaries (with such
Subsidiaries being determined immediately prior to the Closing), taken as a whole,
except to the extent that such change, event, or effect is attributable to or
results from (i)&nbsp;changes affecting the securities or capital markets or
economic conditions generally in the country or countries in which such Person
or group of Persons conduct their businesses, (ii)&nbsp;changes affecting the
industries in which such Person or group of Persons operate generally (as
opposed to changes affecting any such Person or group of Persons specifically
or predominantly), (iii)&nbsp;the effect of the public announcement of this
Agreement or the pendency of the transactions contemplated hereby and by the
other Transaction Documents, or (iv)&nbsp;changes in GAAP or in generally
accepted accounting principles in the U.S.A., or (b)&nbsp;if such Person is a
Party hereto or a party to any other Transaction Document, any event, change,
or circumstance that has a material adverse effect on the ability of such
Person to perform its obligations under, and to consummate the transactions
contemplated by, this Agreement and the other Transaction Documents, as
applicable.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis</font></u>:&#160; As defined in the recitals.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Audited Balance Sheet Date</font></u>:&#160; As defined in Section&nbsp;4.6(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Audited Consolidated Balance Sheets</font></u>:&#160; As defined in Section&nbsp;4.6(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis/CCC
Shareholder Debt</font></u>:&#160;
The Indebtedness owed by Metr&#243;polis to CCInversiones represented by the
Acknowledgement of Debt <i><font style="font-style:italic;">(Reconocimiento de Deuda)</font></i>,
dated as of the date hereof, pursuant to which Metr&#243;polis acknowledged its debt
to CCC in the amount of $6,060,758,500 Chilean Pesos.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Confidentiality Agreements</font></u>:&#160; The Confidentiality Agreement dated as of March&nbsp;24,
2004 between Metr&#243;polis and ULA, and the Confidentiality Agreement dated as of February&nbsp;11,
2005 between Metr&#243;polis and VTR relating to the confidential information of
Metr&#243;polis.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Credit Agreement</font></u>:&#160;
The <i><font style="font-style:italic;">Contrato
de Cr&#233;dito Sindicado</font></i>,
dated as of June&nbsp;8, 2001, among Metr&#243;polis, as borrower, and Banco
Santiago, Banco del Estado de Chile, Banco de Cr&#233;dito e Inversiones, and
Corpbanca, as lenders, including any related notes, guarantees, collateral
documents, instruments, and agreements executed in connection therewith.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Disclosure Bundle</font></u>:&#160;
The collection of documents so named, dated the
date hereof, delivered by Uno and CCC to VTR.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Disclosure Schedule</font></u>:&#160;
The schedule&nbsp;so named, dated the date
hereof, delivered by Uno and CCC to VTR.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Equity Affiliate</font></u>:&#160;
As defined in Section&nbsp;4.5(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Financial Statements</font></u>:&#160;
As defined in Section&nbsp;4.6(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Investment</font></u>:&#160; As
defined in Section&nbsp;4.5(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Investment Agreements</font></u>:&#160;
As defined in Section&nbsp;4.5(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Leased Real Property</font></u>:&#160;
All real property and interests in real property leased by Metr&#243;polis or
Proser or used by Metr&#243;polis or Proser and material to its business and not
otherwise owned (together with all buildings, structures, improvements, and
fixtures located thereon, and all easements and other rights and interests
appurtenant thereto).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Licensed Intellectual Property</font></u>:&#160; As defined in Section&nbsp;4.9.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Material Adverse Effect</font></u>:&#160; A Material Adverse Effect with respect to
Metr&#243;polis.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Owned Intellectual Property</font></u>:&#160; As defined in Section&nbsp;4.9.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Owned Real Property</font></u>:&#160;
All real property and interests in real property owned by Metr&#243;polis or
Proser (together with all buildings, structures, improvements, and fixtures
located thereon, and all easements and other rights and interests appurtenant
thereto).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Stock</font></u>:&#160; The
registered shares of Metr&#243;polis.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Stub Period</font></u>:&#160; As
defined in Section&nbsp;4.6(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Unaudited Balance Sheet Date</font></u>:&#160; As defined in Section&nbsp;4.6(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis
Unaudited Consolidated Balance Sheet</font></u>:&#160; As defined in Section&nbsp;4.6(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis/Uno
Shareholder Debt</font></u>:&#160;
The Indebtedness owed by Metr&#243;polis to Uno represented by the
Acknowledgement of Debt <i><font style="font-style:italic;">(Reconocimiento de Deuda)</font></i>,
dated as of the date hereof, pursuant to which Metr&#243;polis acknowledged its debt
to Uno in the amount of $6,060,758,500 Chilean Pesos.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Net Debt</font></u>:&#160; On any date of determination, the result of (a)&nbsp;the
aggregate amount of Indebtedness <u>minus</u> (b)&nbsp;the aggregate amount of
cash and cash equivalents.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Nondisclosure Agreement</font></u>.&#160; The Nondisclosure Agreement dated as of December&nbsp;29,
2003 between Bitr&#225;n&nbsp;&amp; Asociados and UGC.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Observado
Exchange Rate</font></u>: The Observado Exchange Rate means, for any given date, the
exchange rate Chilean Pesos/Dollars published by the Central Bank of Chile in
the Official Gazette for such date, pursuant to Chapter I of Title I of the
Compendium of Foreign Exchange Regulations (or, if the Central Bank of Chile
ceases to publish such exchange rate, the exchange rate replacing such exchange
rate).&#160; If the Observado Exchange Rate is
not so available for any</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">reason</font>, the
Observado Exchange Rate will mean the Observado Exchange Rate published in the
manner set forth above on the Business Day immediately preceding such date.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Official
Gazette</font></u>:&#160; The <i><font style="font-style:italic;">Diario Oficial de la Rep&#250;blica de Chile</font></i>.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Party</font></u>
or <u>Parties</u>:&#160; As defined in the
preamble.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Permitted
Liens</font></u>: With respect to any Person, the following
Liens: (a)&nbsp;Liens for Taxes, assessments, or other governmental charges or
levies not yet due and payable or that are being contested in good faith
through appropriate proceedings and for which appropriate reserves (as
determined on a GAAP basis) have been established; (b)&nbsp;Liens of carriers,
warehousemen, mechanics, materialmen, and landlords incurred in the ordinary
course of business for sums not yet due; (c)&nbsp;Liens incurred in the
ordinary course of business in connection with workmen&#146;s compensation,
unemployment insurance, or other forms of governmental insurance or benefits,
or to secure performance of tenders, statutory obligations, leases, and
Contracts (other than for borrowed money) entered into in the ordinary course
of business or to secure obligations on surety or appeal bonds; (d)&nbsp;purchase
money security interests or Liens on property acquired or held by the
applicable Person in the ordinary course of business to secure the purchase
price of such property or to secure indebtedness incurred solely for the
purpose of financing the acquisition of such property; and (e)&nbsp;easements,
restrictions, and other minor defects of title that are not, in the aggregate,
material or which do not, individually or in the aggregate, materially and
adversely affect the value of the property affected thereby.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Person</font></u>:&#160; Any natural person or Entity.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Post-Closing
Period</font></u>:&#160; Any
period that begins after the date hereof and, with respect to any period that
begins before the date hereof and ends after the date hereof, the portion of
that period beginning after the date hereof.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pre-Closing
Period</font></u>:&#160; Any
period that ends on or prior to the date hereof and, with respect to any period
that begins before the date hereof and ends after the date hereof, the portion
of that period ending on the date hereof.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Preemptive
Rights</font></u>:&#160; The
preferred rights that the shareholders of a <i><font style="font-style:italic;">sociedad an&#243;nima</font></i> have, pursuant to Article&nbsp;25 of the
Corporations Law, entitling them to purchase newly issued shares of such <i><font style="font-style:italic;">sociedad an&#243;nima</font></i>
in accordance with their pro rata shareholding.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proser</font></u>:&#160; As defined in the recitals<i><font style="font-style:italic;">.</font></i></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proser Stock</font></u>:&#160; The registered shares of Proser.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Put Agreement</font></u>:&#160; As defined in Section&nbsp;2.4(a)(viii).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Required CCC
Consents</font></u>:&#160; Any
required notices, Filings, consents, approvals, or waivers set forth in Section&nbsp;3.1(d)&nbsp;of
the CCC Disclosure Schedule.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Required Consents</font></u>:&#160; Any of the Required CCC Consents, the
Required Metr&#243;polis Consents, the Required Uno Consents, and the Required VTR
Consents, as applicable.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Required
Metr&#243;polis Consents</font></u>:&#160;
Any required notices, Filings, consents, approvals, or waivers set forth
in Section&nbsp;4.3(a)&nbsp;of the Metr&#243;polis Disclosure Schedule.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Required Uno
Consents</font></u>:&#160; Any
required notices, Filings, consents, approvals, or waivers set forth in Section&nbsp;3.1(d)&nbsp;of
the Uno Disclosure Schedule.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Required VTR
Consents</font></u>:&#160; Any
required notices, Filings, consents, approvals, or waivers set forth in Section&nbsp;3.2(d)&nbsp;of
the VTR Disclosure Schedule.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restriction</font></u>:&#160; With respect to any share capital,
partnership interest, membership right or membership interest in a limited
liability company, or other equity interest or security, any voting or other
trust or agreement, option, warrant, preemptive right (other than Preemptive
Rights pursuant to the Corporations Law), right of first offer, right of first
refusal, escrow arrangement, proxy, buy-sell agreement, power of attorney, or
other Contract (but excluding this Agreement and the other Transaction
Documents), or any License that, conditionally or unconditionally, (a)&nbsp;grants
to any Person the right to purchase or otherwise acquire, or obligates any
Person to sell or otherwise dispose of or issue, or otherwise gives or, whether
upon the occurrence of any event or with notice or lapse of time or both or
otherwise, may give any Person the right to acquire (i)&nbsp;any such share
capital, partnership interest, membership right or membership interest in a
limited liability company, or other equity interest or security; (ii)&nbsp;any
proceeds of, or any distributions paid or that are or may become payable with
respect to, any such share capital, partnership interest, membership right or
membership interest in a limited liability company, or other equity interest or
security; or (iii)&nbsp;any interest in such share capital, partnership
interest, membership right or membership interest in a limited liability
company, or other equity interest or security or any such proceeds or
distributions; (b)&nbsp;restricts or, whether upon the occurrence of any event
or with notice or lapse of time or both or otherwise, is reasonably likely to
restrict the transfer or voting of, or the exercise of any rights or the
enjoyment of any benefits arising by reason of ownership of, any such share
capital, partnership interest, membership right or membership interest in a
limited liability company, or other equity interest or security or any such
proceeds or distributions; or (c)&nbsp;creates or, whether upon the occurrence
of any event or with notice or lapse of time or both or otherwise, is
reasonably likely to create a Lien or purported Lien affecting such share
capital, partnership interest, membership right or membership interest in a
limited liability company, or other equity interest or security, proceeds or
distributions; <u>provided</u>, <u>however</u>, that for all purposes of this
Agreement, the Antitrust Resolution will not be considered to constitute or
impose a Restriction.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">RGU</font></u>:&#160; Separately, a Video Cable Subscriber, Video
MMDS Subscriber, Internet Subscriber, or Telephone Subscriber.&#160; A customer may constitute one or more RGUs.&#160; For example, if a residential customer
subscribes to cable television service (whether by cable or multipoint
microwave (wireless) distribution systems), voice service and Internet access
service, the customer constitutes three RGUs.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Services</font></u>:&#160; Collectively, (a)&nbsp;cable television
services, whether such services include basic or premium programming, expanded
basic programming, or lifeline service representing the lowest regulated tier
of video services; (b)&nbsp;Internet access services received through one or
more cable modems connected to a broadband network; and (c)&nbsp;voice services
through a broadband network.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders
Agreement</font></u>:&#160; As
defined in Section&nbsp;2.4(a)(v).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Strategic
Contracts</font></u>:&#160;
Collectively, (a)&nbsp;the following Contracts: (i)&nbsp;the <i><font style="font-style:italic;">Contrato de Uso y Goce de Canalizaciones, Fibra Oscura y Espacios</font></i>,
dated July&nbsp;3, 2000; (ii)&nbsp;the <i><font style="font-style:italic;">Contrato de Uso y Goce de
Fibra Oscura y Espacios</font></i>, dated January&nbsp;10, 2003; (iii)&nbsp;the
<i><font style="font-style:italic;">Contrato de Uso y Goce de Red, Fibra Oscura y
Espacios en Concepci&#243;n</font></i>, dated January&nbsp;10, 2003; (iv)&nbsp;the <i><font style="font-style:italic;">Contrato</font></i>, dated July&nbsp;31, 2003; (v)&nbsp;the <i><font style="font-style:italic;">Contrato de Prestaci&#243;n de Servicios</font></i>, dated July&nbsp;20,
2004; (vi)&nbsp;the <i><font style="font-style:italic;">Contrato de Agente
Autorizado de Ventas</font></i>, dated August&nbsp;1, 2003; and (vii)&nbsp;the <i><font style="font-style:italic;">Contrato de Servicio Megav&#237;a DSL</font></i>, dated March&nbsp;14, 2003;
(b)&nbsp;the <i><font style="font-style:italic;">Acuerdo Comercial para la Prestaci&#243;n de
Servicios de Transporte y Distribuci&#243;n de las Se&#241;ales de Televisi&#243;n por Cable</font></i>,
dated January&nbsp;7, 1997, between Televisi&#243;n y Telecomunicaciones Manquehue
S.A. and Metr&#243;polis; (c)&nbsp;the <i><font style="font-style:italic;">Contrato sobre Transmisi&#243;n
de Telefon&#237;a IP</font></i>, dated June&nbsp;10, 2003, between Metr&#243;polis and
Voissnet S.A.; and (d)&nbsp;the <i><font style="font-style:italic;">Contrato</font></i>, dated
November&nbsp;14, 2003, between Metr&#243;polis and Telef&#243;nica del Sur S.A.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subsidiary</font></u>:&#160; With respect to any Person:</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>a
corporation a majority in voting power of whose share capital with voting
power, under ordinary circumstances, to elect directors is at the time,
directly or indirectly, owned by such Person, by a Subsidiary of such Person,
or by such Person and one or more Subsidiaries of such Person, without regard
to whether the voting of such stock is subject to a voting agreement or similar
Restriction,</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>a
partnership or limited liability company in which such Person or a Subsidiary
of such Person is, at the date of determination, (i)&nbsp;in the case of a
partnership, a general partner of such partnership with the power affirmatively
to direct the policies and management of such partnership or (ii)&nbsp;in the
case of a limited liability company, the managing member or, in the absence of
a managing member, a member with the power affirmatively to direct the policies
and management of such limited liability company, or</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
Entity (other than a corporation, partnership, or limited liability company) in
which such Person, a Subsidiary of such Person, or such Person and one or more
Subsidiaries of such Person, directly or indirectly, at the date of
determination thereof, has (i)&nbsp;the power to elect or direct the election
of a majority of the members of the governing body of such Person (whether or
not such power is subject to a voting agreement or similar Restriction) or (ii)&nbsp;in
the absence of such a governing body, at least a majority ownership interest.</p>

<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">System</font></u>:&#160; A broadband communications system, including
cable and fiber-optic broadband networks, multipoint microwave (wireless)
distribution systems, and all related Equipment.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax</font></u>
or <u>Taxes</u>:&#160; All taxes, however
denominated, including any monetary adjustments, interest, penalties or other
additions to tax that may become payable in respect thereof, imposed by any Tax
Authority, which taxes include, without limiting the generality of the
foregoing, all income or profits taxes, payroll and employee withholding taxes,
unemployment insurance, social security taxes, income withholding taxes, sales
and use taxes, value added taxes, ad valorem taxes, excise taxes, franchise
taxes, gross receipts taxes, business or municipal license <i><font style="font-style:italic;">(patente
municipal)</font></i> taxes, occupation taxes, real and personal property
taxes, stamp taxes, environmental taxes, severance taxes, production taxes,
transfer taxes, workers&#146; compensation, governmental charges, and other
obligations of the same or of a similar nature to any of the foregoing.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Authority</font></u>:&#160;
Any national, regional, local, or municipal or other governmental body
or authority of any kind with the power to impose any Tax.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Liability
Issue</font></u>:&#160; As
defined in Section&nbsp;(b)(ii)&nbsp;of the &#147;Tax
Controversies&#148; section&nbsp;of Schedule&nbsp;C (&#147;Tax Matters&#148;).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Proceeding</font></u>:&#160; As defined in Section&nbsp;(b)(ii)&nbsp;of the &#147;Tax Controversies&#148; section&nbsp;of Schedule&nbsp;C
(&#147;Tax Matters&#148;).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Returns</font></u>:&#160; All returns, declarations, reports, forms,
claims for refund, estimates, information returns, and statements and other
documentation, including amendments, required to be maintained or filed with or
supplied to any Tax Authority in connection with any Taxes.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Telephone
Subscriber</font></u>:&#160; A
dwelling unit or commercial unit connected to a System, where a customer has
requested and is receiving voice services, including as part of any bundling
arrangement with a third party.&#160; For
purposes of this definition, any unit receiving such services without an
obligation to pay consideration or fees therefor shall not be considered a
Telephone Subscriber.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Term Sheet</font></u>:&#160; The Term Sheet for Metr&#243;polis/VTR Merger
dated January&nbsp;23, 2004 among LMINT, LMC, and CristalChile Comunicaciones
S.A.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transaction
Documents</font></u>:&#160; This
Agreement, the Shareholders Agreement, the Put Agreement, the Dispute
Resolution Agreement, the Guaranty, the CCC Subscription and Transfer
Agreement, the Uno Transfer Agreement, the CCC Waiver and Release, the
LMINT/LMC Waiver and Release, the VTR Loan, the CCC Debt DPPO, and the Uno Debt
DPPO, and any and all other documents, instruments, and agreements being or to
be executed and delivered in connection with the transactions contemplated
hereby (including in connection with the satisfaction of each Party&#146;s
conditions hereunder) or thereby.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transferor</font></u>
or <u>Transferors</u>:&#160; As defined in the
preamble.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transferor Indemnified Parties</font></u> or <u>Transferor Indemnified Party</u>:&#160; As defined in Section&nbsp;8.4(a).</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Two-Way Home
Passed</font></u>:&#160; Each
Home Passed that may receive the installation of a two-way addressable set-top
converter, cable modem, transceiver, and/or voice port which, in most cases,
allow for the provision of video programming and Internet access services, and
in some cases voice services.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">UGC</font></u>:&#160; UnitedGlobalCom,&nbsp;Inc., a Delaware U.S.A.
corporation.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">UGC/LMI Merger
Agreement</font></u>:&#160; The
Agreement and Plan of Merger, dated as of January&nbsp;17, 2005, by and among
New Cheetah,&nbsp;Inc., a Delaware corporation, LMI, UGC, Cheetah Acquisition
Corp., a Delaware corporation, and Tiger Global Acquisition Corp., a Delaware
corporation.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">ULA</font></u>:&#160; United Latin America,&nbsp;Inc., a Colorado
U.S.A. corporation.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">United Chile</font></u>:&#160; United Chile,&nbsp;Inc., a Colorado U.S.A.
corporation.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">United Chile
Ventures</font></u>:&#160;
United Chile Ventures Inc., a Cayman Islands corporation.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Uno</font></u>:&#160; As defined in the preamble.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Uno Debt DPPO</font></u>:&#160; The assignment agreement, executed in the
form of a public deed dated as of the date hereof, pursuant to which the
Metr&#243;polis/Uno Shareholder Debt is being assigned by Uno to VTR, and in
consideration therefor VTR is agreeing to pay to Uno the amount of
US$12,519,714.38, on terms and conditions substantially similar to the DPP Obligation.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Uno Disclosure Schedule</font></u>.&#160; The schedule&nbsp;so named, dated the date
hereof, delivered by Uno to the other Parties.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Uno Material
Adverse Effect</font></u>:&#160;
A Material Adverse Effect with respect to Uno.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Uno Transfer
Agreement</font></u>:&#160; As
defined in Section&nbsp;2.2(b).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">U.S. or U.S.A.</font></u>:&#160; The United States of America.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">US$</font></u>:&#160; Dollars.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Video Cable
Subscriber</font></u>:&#160; A
dwelling unit or commercial unit where a customer has requested and is
receiving basic cable video programming services, counted on a per-connection
basis, including as part of any bundling arrangement with a third party; <u>provided</u>,
<u>however</u>, that commercial contracts with parties such as hotels and
hospitals are counted on an equivalent bulk unit (EBU) basis, with EBU being
calculated by dividing the bulk price charged to accounts in the area in which
the commercial facility is located by the most prevalent price charged to
non-bulk residential customers in that area for the comparable tier of
service.&#160; For purposes of this definition,
any unit receiving such service without an obligation to pay consideration or
fees therefor shall not be considered a Video Cable Subscriber.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Video MMDS
Subscriber</font></u>:&#160; A
dwelling unit or commercial unit where a customer has requested and is
receiving video programming services via a multipoint microwave (wireless)
distribution system.&#160; For purposes of
this definition, any unit receiving such services without an obligation to pay
consideration or fees therefor shall not be considered a Video MMDS Subscriber.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR</font></u>:&#160; As defined in the preamble.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Audited
Balance Sheets</font></u>:&#160;
As defined in Section&nbsp;5.4(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Audited
Balance Sheet Date</font></u>:&#160;
As defined in Section&nbsp;5.4(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Capital
Increase</font></u>:&#160; As
defined in Section&nbsp;6.6.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Capital
Reduction Debt</font></u>:&#160;
The Indebtedness owed by VTR to United Chile and United Chile Ventures
in respect of the capital reductions approved by the general shareholders
meeting of VTR on February&nbsp;16, 2005, and March&nbsp;28, 2005, in the
amounts of $18,390,159,200 Chilean Pesos and $19,925,250,000 Chilean Pesos,
respectively.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR
Confidentiality Agreement</font></u>:&#160; The Confidentiality Agreement dated as of February&nbsp;11,
2005 between Metr&#243;polis and VTR relating to the confidential information of
VTR.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Credit
Agreement</font></u>:&#160; The <i><font style="font-style:italic;">Modificaci&#243;n y </font></i><i><font style="font-style:italic;">Reprogramaci&#243;n de Contratos de Pr&#233;stamos, Contrato de Pr&#233;stamo y
Contrato de Apertura de Cr&#233;dito</font></i>, dated as of the date hereof, among VTR, as borrower, Scotiabank
Sud Americano, Banco Bice, and Citibank, N.A., Agencia en Chile, as lenders,
and Citibank, N.A., Agencia en Chile, as administrative agent and collateral
agent, including any related notes, guarantees, collateral documents,
instruments, and agreements executed in connection therewith, as such agreement
and/or related documents may be amended, restated, supplemented, renewed,
replaced, or otherwise modified from time to time whether or not with the same
lenders or agents, and irrespective of any changes in the terms and conditions
thereof.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Disclosure Schedule</font></u>.&#160; The schedule&nbsp;so named, dated the date
hereof, delivered by VTR to the other Parties.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Financial
Statements</font></u>:&#160; As
defined in Section&nbsp;5.4(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR
Indemnified Parties</font></u> or <u>VTR Indemnified Party</u>:&#160; As defined in Section&nbsp;8.2(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Leased
Real Property</font></u>:&#160;
All real property and interests in real property leased by VTR or any of
its Subsidiaries or used by VTR or any of its Subsidiaries and material to
their businesses taken as a whole and not otherwise owned (together with all
buildings, structures, improvements, and fixtures located thereon, and all
easements and other rights and interests appurtenant thereto).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Licensed
Intellectual Property</font></u>:&#160;
As defined in Section&nbsp;5.7.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Material
Adverse Effect</font></u>:&#160;
A Material Adverse Effect with respect to VTR.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Owned
Intellectual Property</font></u>:&#160;
As defined in Section&nbsp;5.7.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Owned Real
Property</font></u>:&#160; All
real property and interests in real property owned by VTR or any of its
Subsidiaries (together with all buildings, structures, improvements, and
fixtures located thereon, and all easements and other rights and interests
appurtenant thereto).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Loan</font></u>:&#160; As defined in Section&nbsp;6.7.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Stock</font></u>:&#160; The registered shares of VTR.</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Unaudited
Balance Sheet</font></u>:&#160;
As defined in Section&nbsp;5.4(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR Unaudited
Balance Sheet Date</font></u>:&#160;
As defined in Section&nbsp;5.4(a).</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><a name="Articleii_105014"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;II</font></b></a><br>
ACQUISITION; CLOSING</h1>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font style="font-weight:normal;">&nbsp;</font></h1>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section2_1_124612"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;2.1</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Contribution;
Purchase and Sale</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>On and subject to the terms and conditions of this
Agreement, simultaneously with the execution and delivery of this Agreement by
the Parties, (i)&nbsp;CCC is contributing as equity to VTR all of the shares of
Metr&#243;polis Stock owned by CCC, and VTR is issuing shares of VTR Stock specified
in Section&nbsp;2.2(a)&nbsp;as consideration therefor; (ii)&nbsp;CCC is
transferring to Metr&#243;polis the single share of Proser Stock owned by CCC; and (iii)&nbsp;CCC
is causing CCInversiones to sell to VTR the Metr&#243;polis/CCC Shareholder Debt
pursuant to the CCC Debt DPPO.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>On and subject to the terms and conditions of this
Agreement, simultaneously with the execution and delivery of this Agreement by
the Parties, (i)&nbsp;VTR is purchasing from Uno, and Uno is selling to VTR,
all but one of the shares of Metr&#243;polis Stock owned by Uno, for the
consideration specified in Section&nbsp;2.2(b); (ii)&nbsp;Uno is transferring
to VTR Net S.A. a single share of Metr&#243;polis Stock owned by Uno; (iii)&nbsp;Uno
is transferring to VTR Net S.A. the single share of Proser Stock owned by Uno;
and (iv)&nbsp;Uno is selling to VTR the Metr&#243;polis/Uno Shareholder Debt
pursuant to the Uno Debt DPPO.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section2_2_124616"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;2.2</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Issuance
of VTR Stock; Purchase Price</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Simultaneously with the execution and delivery of this
Agreement by the Parties, and in consideration for the shares of Metr&#243;polis
Stock being contributed by CCC to VTR pursuant to Section&nbsp;2.1(a), VTR is
issuing to CCC shares of VTR Stock equal to 20% of the outstanding share
capital of VTR immediately after such issuance.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The purchase price being paid by VTR to Uno under this
Agreement, and in consideration for the shares of Metr&#243;polis Stock being sold
by Uno to VTR pursuant to </h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;2.1(b), is US$121,550,625.00
(the &#147;<u>Deferred Purchase Price</u>&#148;).&#160;
The Deferred Purchase Price must be paid on or before the fourth
anniversary of the date hereof, under the terms and conditions of the share
transfer agreement being executed and delivered by VTR and Uno by means of a
public deed in the form attached hereto as Exhibit&nbsp;A (the &#147;<u>Uno Transfer
Agreement</u>&#148;), which evidences, among other matters: (i)&nbsp;the transfer by
Uno, and the acquisition by VTR, of all of the issued and outstanding shares of
Metr&#243;polis Stock owned by Uno (except for the one share of Metr&#243;polis Stock
being transferred to VTR Net S.A. pursuant to Section&nbsp;2.1(b)); and (ii)&nbsp;the
obligation (the &#147;<u>DPP Obligation</u>&#148;) of VTR to pay Uno the Deferred
Purchase Price for such shares, on the terms and conditions described
therein.&#160; Notwithstanding any other
provision of this Agreement, the Uno Transfer Agreement and Uno&#146;s rights
thereunder will be freely transferable and assignable by Uno and by subsequent
holders thereof to any Person, subject to the VTR Credit Agreement.</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section2_3_124623"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;2.3</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Closing</u>.
The execution and delivery of this Agreement by the Parties and the Closing are
taking place simultaneously at the offices of Carey y C&#237;a. Ltda.,
located at Miraflores 222, 24<sup>th</sup> Floor, Santiago, Chile.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section2_4_105141"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;2.4</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Closing
Deliveries</u>. At the Closing:</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>CCC Closing Deliveries</u>.&#160;
Simultaneously with the execution and delivery of this Agreement by the
Parties, (1)&nbsp;CCC is contributing as equity, transferring, assigning,
conveying, and delivering to VTR, in exchange for newly issued shares of VTR
Stock, all of the shares of Metr&#243;polis Stock owned by CCC; (2)&nbsp;CCC is
transferring, assigning, conveying, and delivering to Metr&#243;polis the single share
of Proser Stock owned by CCC, in each of the preceding clauses (1)&nbsp;and (2)&nbsp;free
and clear of all Liens and Restrictions other than Liens or Restrictions
(w)&nbsp;created by this Agreement or any of the other Transaction Documents,
(x)&nbsp;imposed by the Governing Documents of Metr&#243;polis or Proser generally
on all shares of Metr&#243;polis Stock or Proser Stock, as applicable,
(y)&nbsp;imposed by VTR or any of its Subsidiaries, or (z)&nbsp;Preemptive
Rights pursuant to the Corporations Law; and (3)&nbsp;CCC is causing
CCInversiones to sell to VTR the Metr&#243;polis/CCC Shareholder Debt pursuant to
the CCC Debt DPPO.&#160; In connection with
the foregoing, CCC is delivering or causing to be delivered:</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to VTR, certificates representing all of the issued and
outstanding shares of Metr&#243;polis Stock owned by CCC;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
VTR, a counterpart of the subscription and transfer agreement in the form
attached hereto as Exhibit&nbsp;B (the &#147;<u>CCC Subscription and Transfer
Agreement</u>&#148;), duly executed by CCC and evidencing: (A)&nbsp;the issuance and
delivery to CCC of, and the subscription by CCC for, VTR Stock equal to 20% of
the outstanding VTR Stock immediately after the Closing; and (B)&nbsp;in
consideration for the subscription of the VTR Stock, the contribution and
transfer by CCC to VTR of all of the issued and outstanding shares of
Metr&#243;polis Stock owned by CCC;</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
VTR, a share transfer document (<i><font style="font-style:italic;">traspaso de acciones</font></i>)
evidencing the transfer to Metr&#243;polis of the single share of Proser Stock owned
by CCC, duly executed by CCC and Metr&#243;polis;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to VTR, the CCC Debt DPPO, duly executed by CCInversiones;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to VTR, United Chile, and United Chile Ventures,
counterparts of the Shareholders Agreement in the form attached hereto as Exhibit&nbsp;C
(the &#147;<u>Shareholders Agreement</u>&#148;), duly executed by CCC;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
LMINT, a counterpart of the waiver and release in the form attached hereto as Exhibit&nbsp;D
(the &#147;<u>CCC Waiver and Release</u>&#148;), duly executed by CCC;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
LMINT and LMC, a counterpart of the waiver and release in the form attached
hereto as Exhibit&nbsp;E (the &#147;<u>LMINT/LMC Waiver and Release</u>&#148;), duly
executed by CCC;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
UGC, a counterpart of the Put Agreement in the form attached hereto as Exhibit&nbsp;F
(the &#147;<u>Put Agreement</u>&#148;), duly executed by CCC;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
VTR, all of the following, to the extent that they are in the possession of
CCC, Metr&#243;polis, Proser, or any of their respective Affiliates:&#160; shareholders registries of Metr&#243;polis and
Proser, minutes of meetings of each of the board of directors and the
shareholders of Metr&#243;polis and Proser, and all other books and records of
Metr&#243;polis and Proser, except to the extent any of such items are required by
applicable Law to remain at the offices of Metr&#243;polis or Proser;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>[Intentionally
omitted]</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to United Chile, United Chile Ventures, VTR, and Uno,
counterparts of the Dispute Resolution Agreement in the form attached hereto as
Exhibit&nbsp;G (the &#147;<u>Dispute Resolution Agreement</u>&#148;), duly executed by
CCC and CCInversiones;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
LMI, the Guaranty in the form attached hereto as Exhibit&nbsp;H (the &#147;<u>Guaranty</u>&#148;),
duly executed by CCC;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xiii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
VTR, evidence that (A)&nbsp;Cordillera Comunicaciones Holding Limitada and its
Subsidiary Cordillera Comunicaciones Limitada have been dissolved and
liquidated and the shares of Metr&#243;polis Stock and Proser Stock that were owned
by Cordillera Comunicaciones Holding Limitada and its Subsidiary Cordillera
Comunicaciones Limitada have been distributed one half to CristalChile
Comunicaciones S.A. and one half to Uno, and</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(B)&nbsp;CristalChile Comunicaciones S.A. has been dissolved and that
CCC has succeeded it in its ownship of the Metr&#243;polis Stock and Proser Stock
owned by it, in each case satisfactory to VTR in its reasonable discretion;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xiv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
VTR, a copy of the Metr&#243;polis Disclosure Bundle, which copy has been reviewed
and initialed by representatives of each Party in order to ensure that it is
identical to the copies being retained by Uno and CCC; and</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to VTR or Uno, as applicable, such documents and instruments
as VTR or Uno has reasonably requested, including any documents that VTR has
reasonably requested for purposes of satisfying its obligations under the VTR
Credit Agreement.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Uno Closing Deliveries</u>.&#160;
Simultaneously with the execution and delivery of this Agreement by the
Parties, (1)&nbsp;Uno is selling, transferring, assigning, conveying, and
delivering to VTR all but one share of Metr&#243;polis Stock owned by Uno, in
exchange for the Deferred Purchase Price; (2)&nbsp;Uno is transferring,
assigning, conveying, and delivering to VTR Net S.A. one share of Metr&#243;polis
Stock owned by Uno; (3)&nbsp;Uno is transferring, assigning, conveying, and
delivering to VTR Net S.A. the single share of Proser Stock owned by Uno, in
case of each of the preceding clauses (1), (2), and (3), free and clear of all
Liens and Restrictions other than Liens or Restrictions (w)&nbsp;created by
this Agreement or any of the other Transaction Documents, (x)&nbsp;imposed by
the Governing Documents of Metr&#243;polis or Proser generally on all shares of
Metr&#243;polis Stock or Proser Stock, as applicable, (y)&nbsp;imposed by VTR or any
of its Subsidiaries, or (z)&nbsp;Preemptive Rights pursuant to the Corporations
Law; and (4)&nbsp;Uno is selling to VTR the Metr&#243;polis/Uno Shareholder Debt
pursuant to the Uno Debt DPPO.&#160; In
connection with the foregoing, Uno is delivering or causing to be delivered:</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to VTR, certificates representing all but one share of
Metr&#243;polis Stock owned by Uno, and the Uno Transfer Agreement, duly executed by
Uno;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
VTR, a share transfer document (<i><font style="font-style:italic;">traspaso de acciones</font></i>)
evidencing the transfer to VTR Net S.A. of one share of Metr&#243;polis Stock owned
by Uno, duly executed by Uno, and a share transfer document (<i><font style="font-style:italic;">traspaso de acciones</font></i>) evidencing the transfer to VTR Net
S.A. of the single share of Proser Stock owned by Uno, duly executed by Uno;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to VTR, the Uno Debt DPPO, duly executed by Uno;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to CCC, a counterpart of the CCC Waiver and Release, duly
executed by LMINT and LMC;</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to CCC, a counterpart of the LMINT/LMC Waiver and Release,
duly executed by LMINT and LMC;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to CCC, the Guaranty, duly executed by LMI;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to United Chile, United Chile Ventures, VTR, CCC, and
CCInversiones, counterparts of the Dispute Resolution Agreement, duly executed
by Uno;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
CCC and VTR, as applicable, a certificate from each of LMINT, LMC, and LMI,
each dated the date hereof and signed by an appropriate and duly authorized
officer or representative of such Entity, certifying that (A)&nbsp;such Entity
is duly organized, validly existing, and in good standing under the Laws of its
jurisdiction of organization; (B)&nbsp;such Entity has all requisite corporate
or other Entity power and authority to enter into, and to perform its
obligations under, each Transaction Document being or to be executed and
delivered by it; (C)&nbsp;the execution and delivery by such Entity of each
Transaction Document being or to be executed and delivered by it, and the
performance by it of its obligations under each Transaction Document being or
to be executed and delivered by it, have been duly authorized by all requisite
corporate or other Entity action; (D)&nbsp;each Transaction Document being or
to be executed and delivered by such Entity has been or will be duly executed
and delivered by it, and assuming the due execution and delivery by each other
party thereto, each Transaction Document being or to be executed and delivered
by it constitutes the legal, valid, and binding obligation of it, enforceable
against it in accordance with its terms, except as such enforceability may be
affected by applicable bankruptcy, reorganization, insolvency, moratorium, or
similar Laws affecting creditors&#146; rights generally; (E)&nbsp;except for those
that have been obtained or made and those that by their nature are to be
obtained or made after the date hereof, no consent, approval, or waiver of,
notice to, or Filing with, any other Person is required, on behalf of such
Entity in connection with the execution, delivery, or performance by it of the
Transaction Document being or to be executed and delivered by it, or the
consummation of the transactions contemplated thereby; and (F)&nbsp;the
execution and delivery by such Entity of the Transaction Documents being or to
be executed and delivered by it do not, and the performance by it of its
obligations under the Transaction Documents being or to be executed and
delivered by it, and the consummation of the transactions contemplated thereby
do not and will not, (1)&nbsp;violate or conflict with any provision of its
Governing Documents; (2)&nbsp;violate any of the terms, conditions, or
provisions of any Law </h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">in effect on the date of this Agreement and applicable to such Entity,
except that no representation is made with respect to any Law of any
jurisdiction in which it does not, directly or through a Subsidiary, own assets
or engage in business; (3)&nbsp;result in a violation or breach of, or (with or
without the giving of notice or lapse of time or both) constitute a default (or
give rise to any right of termination, cancellation, acceleration, repurchase,
prepayment, repayment, or increased payments) under, or give rise to or
accelerate any material obligation (including any obligation to, or to offer
to, repurchase, prepay, repay, or make increased payments), or result in the
loss or modification of any material benefit under, or pursuant to, any
Contract to which it is a party or by which it or any of its assets is bound;
or (4)&nbsp;with respect to LMINT and LMI, result in a Lien or Restriction
(other than any Lien or Restriction of the type referred to in the first
sentence of Section&nbsp;3.1(g)) on any of the Metr&#243;polis Stock or Proser Stock
being acquired by VTR or VTR Net S.A. from Uno pursuant to this Agreement;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
VTR, all of the following, to the extent that they are in the possession of Uno
or any of its Affiliates (not including UGC or any of its Subsidiaries):
shareholders registries of Metr&#243;polis and Proser, minutes of meetings of each
of the board of directors and the shareholders of Metr&#243;polis and Proser, and
all other books and records of Metr&#243;polis and Proser, except to the extent any
of such items are required by applicable Law to remain at the offices of
Metr&#243;polis or Proser;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>[Intentionally
omitted]</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
VTR, a copy of the Metr&#243;polis Disclosure Bundle, which copy has been reviewed
and initialed by representatives of each Party in order to ensure that it is
identical to the copies being retained by Uno and CCC; and</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to VTR or CCC, as applicable, such other documents and
instruments as VTR or CCC has reasonably requested, including any documents
that VTR has reasonably requested for purposes of satisfying its obligations
under the VTR Credit Agreement.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>VTR Closing Deliveries</u>.&#160; Simultaneously with the execution and
delivery of this Agreement by the Parties, (1)&nbsp;VTR is acquiring all of the
shares of Metr&#243;polis Stock owned by CCC, as specified in Section&nbsp;2.4(a)(i)&nbsp;and
Section&nbsp;2.4(a)(ii); (2)&nbsp;Metr&#243;polis is acquiring the single share of
Proser Stock owned by CCC, as specified in Section&nbsp;2.4(a)(iii); (3)&nbsp;VTR
is acquiring the Metr&#243;polis/CCC Shareholder Debt from CCInversiones pursuant to
the CCC Debt DPPO, as specified in Section&nbsp;2.4(a)(iv);</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)&nbsp;VTR is acquiring all but one share
of Metr&#243;polis Stock owned by Uno, as specified in Section&nbsp;2.4(b)(i); (5)&nbsp;VTR
Net S.A. is acquiring one share of Metr&#243;polis Stock owned by Uno, as specified
in Section&nbsp;2.4(b)(ii); (6)&nbsp;VTR Net S.A. is acquiring one share of
Proser Stock owned by Uno, as specified in Section&nbsp;2.4(b)(ii); and (7)&nbsp;VTR
is acquiring the Metr&#243;polis/Uno Shareholder Debt from Uno pursuant to the Uno
Debt DPPO, as specified in Section&nbsp;2.4(b)(iii).&#160; In connection with the foregoing, VTR is
delivering or causing to be delivered:</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
CCC, certificates in the name of CCC representing shares of VTR Stock equal to
20% of the outstanding share capital of VTR immediately after the Closing free
and clear of all Liens and Restrictions other than Liens or Restrictions (A)&nbsp;created
by this Agreement or any of the other Transaction Documents, (B)&nbsp;imposed
by the Governing Documents of VTR generally on all shares of VTR Stock, or (C)&nbsp;Preemptive
Rights pursuant to the Corporations Law; and a counterpart of the CCC
Subscription and Transfer Agreement, duly executed by VTR;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to CCC, a counterpart of the Shareholders Agreement, duly
executed by United Chile, United Chile Ventures, and VTR;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to Uno, the Uno Transfer Agreement, duly executed by VTR;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
Uno, the share transfer document (<i><font style="font-style:italic;">traspaso de acciones</font></i>)
referred to in Section&nbsp;2.4(b)(ii)&nbsp;evidencing
the transfer to VTR Net S.A. of one share of Metr&#243;polis Stock owned by Uno,
duly executed by VTR Net S.A.; and the share transfer document (<i><font style="font-style:italic;">traspaso de acciones</font></i>) referred to in Section&nbsp;2.4(b)(ii)&nbsp;evidencing
the transfer to VTR Net S.A. of one share of Proser Stock owned by Uno, duly
executed by VTR Net S.A.;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to CCC, a counterpart of the Put Agreement, duly executed by
UGC;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to Uno, CCC, and CCInversiones, counterparts of the Dispute
Resolution Agreement, duly executed by United Chile, United Chile Ventures, and
VTR;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
CCC and Uno, as applicable, a certificate from each of UGC, ULA, United Chile,
and United Chile Ventures, each dated the date hereof and signed by an
appropriate and duly authorized officer or representative of such Entity,
certifying that (A)&nbsp;such Entity has all requisite corporate power and
authority to enter into, and to perform its obligations under, each Transaction
Document to which it is or will be a party; (B)&nbsp;the execution and delivery
by such Entity of each Transaction Document to which it is or will be a party,
and the performance by it of its obligations under Transaction Documents to
which it is or will be</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a party, have been duly authorized by all requisite corporate action; (C)&nbsp;each
Transaction Document being or to be executed and delivered by such Entity has
been, or will be, duly executed and delivered by it, and assuming the due
execution and delivery by each other party thereto, each Transaction Document
being or to be executed and delivered by it constitutes the legal, valid, and
binding obligation of it, enforceable against it in accordance with its terms,
except as such enforceability may be affected by applicable bankruptcy,
reorganization, insolvency, moratorium, or similar Laws affecting creditors&#146;
rights generally; (D)&nbsp;except for those that have been obtained or made and
those that by their nature are to be obtained or made after the date hereof, no
consent, approval, or waiver of, notice to, or Filing with, any other Person is
required on behalf of such Entity in connection with the execution, delivery,
or performance by it of any Transaction Document being or to be executed and
delivered by it, or the consummation of the transactions contemplated thereby;
and (E)&nbsp;the execution and delivery by such Entity of the Transaction
Documents being or to be executed and delivered by it do not, and the
performance by it of its obligations under the Transaction Documents being or
to be executed and delivered by it and the consummation of the transactions
contemplated thereby do not and will not, (1)&nbsp;violate or conflict with any
provision of its Governing Documents; (2)&nbsp;violate any of the terms,
conditions, or provisions of any Law in effect on the date of this Agreement
and applicable to such Entity, except that no representation is made with
respect to any Law of any jurisdiction in which it does not, directly or
through a Subsidiary, own assets or engage in business; or (3)&nbsp;result in a
violation or breach of, or (with or without the giving of notice or lapse of
time or both) constitute a default (or give rise to any right of termination,
cancellation, acceleration, repurchase, prepayment, repayment, or increased
payments) under, or give rise to or accelerate any material obligation
(including any obligation to, or to offer to, repurchase, prepay, repay, or
make increased payments), or result in the loss or modification of any material
benefit under, or pursuant to, any Contract to which it is a party or by which
it or any of its assets is bound;</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
CCC and Uno, the CCC Debt DPPO and the Uno Debt DPPO, respectively, in each
case duly executed by VTR; and</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to Uno or CCC, as applicable, such other documents and
instruments as Uno or CCC has reasonably requested.</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section2_5_105153"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;2.5</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Term
Sheet</u>.&#160; CCC, LMINT, and LMC hereby
agree that upon the execution and delivery of this Agreement by the Parties and
by LMINT and LMC, the Term Sheet is hereby terminated, and this Agreement and
the other Transaction Documents contain, and are intended as, a complete
statement of all of the terms of the agreements among LMINT, LMC, and the
Parties with respect to the matters provided for in the Term Sheet, and
supersede and discharge the Term Sheet.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section2_6_105201"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;2.6</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Prior
Agreements</u>.&#160; LMC, Uno, and CCC hereby
agree that upon the execution and delivery of this Agreement by the Parties and
by LMC, all Contracts (other than this Agreement and the other Transaction
Documents) relating to their ownership interests in Metr&#243;polis and Proser,
including (A)&nbsp;the Agreement, dated May&nbsp;17, 2000, among CCC,
CristalChile Comunicaciones S.A., Uno, and LMC, and (B)&nbsp;the Agreement,
dated June&nbsp;20, 2000, among CristalChile Comunicaciones S.A., Uno, and LMC,
are hereby terminated.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section2_7_105206"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;2.7</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Metr&#243;polis
Confidentiality Agreements</u>.&#160; ULA,
VTR, and Metr&#243;polis hereby agree that upon the execution and delivery of this
Agreement by the Parties and by ULA and Metr&#243;polis, the Metr&#243;polis
Confidentiality Agreements are hereby terminated.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section2_8_105211"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;2.8</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>UGC/LMI
Merger Agreement</u>.&#160; For all
purposes of the UGC/LMI Merger Agreement, including Section&nbsp;7.3 thereof,
LMI hereby consents to and approves this Agreement, the other Transaction
Documents, and the transactions contemplated by this Agreement and the other
Transaction Documents.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><a name="Articleiii_105023"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;III</font></b></a><br>
TRANSACTION REPRESENTATIONS AND WARRANTIES</h1>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font style="font-weight:normal;">&nbsp;</font></h1>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section3_1_105218"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;3.1</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Transferor
Representations and Warranties</u>.&#160; Each
Transferor represents and warrants (as to itself only) to VTR that the
statements contained in this Section&nbsp;3.1 are correct and complete as of
the date of this Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Organization</u>.&#160; It (i)&nbsp;is duly organized, validly
existing, and in good standing under the Laws of its jurisdiction of
organization and (ii)&nbsp;has all requisite corporate or other Entity power
and authority to own, lease, and operate its properties and to carry on its
business as now being conducted.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Power and Authority</u>.&#160; (i)&nbsp;It has all requisite corporate or
other Entity power and authority to enter into, and to perform its obligations
under, this Agreement and each Transaction Document being or to be executed and
delivered by it pursuant to this Agreement; and (ii)&nbsp;the execution and
delivery by it of this Agreement and each Transaction Document to which it is
or will be a party, and the performance by it of its obligations under this
Agreement and each Transaction Document to which it is or will be a party, have
been duly authorized by all requisite corporate or other Entity action.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Validity</u>.&#160; Each of this Agreement and the other
Transaction Documents being or to be executed and delivered by it have been
duly executed and delivered by it, and assuming the due execution and delivery
by each other party hereto and thereto, this Agreement constitutes, and when
executed and delivered by it pursuant to this</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Agreement, each Transaction Document being or
to be executed and delivered by it will constitute, the legal, valid, and
binding obligation of it, enforceable against it in accordance with its terms,
except as such enforceability may be affected by applicable bankruptcy,
reorganization, insolvency, moratorium, or similar Laws affecting creditors&#146;
rights generally.</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Consents</u>.&#160; Except for any required notices, Filings,
consents, approvals, or waivers set forth in Section&nbsp;3.1(d)&nbsp;of its
Disclosure Schedule&nbsp;or that have been obtained or made, no consent,
approval, or waiver of, notice to, or Filing with, any other Person is
required, on behalf of it in connection with the execution, delivery, or
performance by it of this Agreement or any of the other Transaction Documents
being or to be executed and delivered by it, or the consummation of the
transactions contemplated hereby and thereby.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>No Conflicts</u>.&#160; The execution and delivery by it of this
Agreement and the other Transaction Documents being or to be executed and
delivered by it do not, and the performance by it of its obligations under this
Agreement and the other Transaction Documents being or to be executed and
delivered by it and the consummation of the transactions contemplated hereby
and thereby do not and will not, (i)&nbsp;violate or conflict with any
provision of its Governing Documents; (ii)&nbsp;violate any of the terms,
conditions, or provisions of any Law in effect on the date of this Agreement or
License to which it is subject or by which it or any of its assets is bound,
except that no representation is made with respect to any Law of any
jurisdiction in which it does not, directly or through a Subsidiary, own assets
or engage in business; (iii)&nbsp;except as set forth in Section&nbsp;3.1(e)&nbsp;of
its Disclosure Schedule, result in a violation or breach of, or (with or
without the giving of notice or lapse of time or both) constitute a default (or
give rise to any right of termination, cancellation, acceleration, repurchase,
prepayment, repayment, or increased payments) under, or give rise to or
accelerate any material obligation (including any obligation to, or to offer
to, repurchase, prepay, repay, or make increased payments), or result in the
loss or modification of any material benefit under, or pursuant to, any
Contract to which it is a party or by which it or any of its assets is bound;
or (iv)&nbsp;result in a Lien or Restriction (other than any Lien or
Restriction of the type referred to in the first sentence of Section&nbsp;3.1(g))
on any of the Metr&#243;polis Stock being acquired by VTR or VTR Net S.A. from it
pursuant to this Agreement or on any of the Proser Stock being acquired by
Metr&#243;polis or VTR Net S.A. from it pursuant to this Agreement.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Brokers&#146; and Finders&#146; Fees</u>.&#160; There is no broker, finder, investment
banker, or similar intermediary that has been retained by, or is authorized to
act on behalf of, it or any of its Affiliates (other than Metr&#243;polis and
Proser, with respect to which Section&nbsp;4.4 will apply, and with respect to
Uno, not including UGC or any of its Subsidiaries) or any of their respective
officers or directors who will be entitled to any fee or commission in
connection with this Agreement or any other Transaction Document or upon
consummation of the transactions contemplated hereby or thereby and which fee
or commission could reasonably be expected to be or become a liability of UGC,
any of UGC&#146;s Subsidiaries, Metr&#243;polis, or Proser.</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Ownership of Metr&#243;polis Stock
and Proser Stock</u>.&#160; It is the owner of, and has good and valid
title to, all of the shares of Metr&#243;polis Stock and Proser Stock set forth next
to its name on Schedule&nbsp;A, free and clear of all Liens and Restrictions
other than Liens or Restrictions (i)&nbsp;created by this Agreement or any of
the other Transaction Documents, (ii)&nbsp;imposed by the Governing Documents of
Metr&#243;polis or Proser generally on all shares of Metr&#243;polis Stock or Proser
Stock, as applicable, (iii)&nbsp;imposed by VTR or any of its Subsidiaries, or (iv)&nbsp;Preemptive
Rights pursuant to the Corporations Law, and such shares of Metr&#243;polis Stock or
Proser Stock include all voting and dividend rights and interests in respect of
capital, and corporate funds of any kind, purpose, or denomination, such as
reserve, revaluation, credit, profit, and dividend funds, whether accumulated
or not, that have not been distributed, even if agreements are pending with
regard to their distribution or to which such Transferor is otherwise entitled
as the owner thereof as of the date hereof, whether originating in the current
business year or any previous business year.&#160;
There are no voting trusts, proxies, powers of attorney, or other
agreements or understandings with respect to the voting of such Metr&#243;polis
Stock or Proser Stock, other than the agreements listed in Section&nbsp;3.1(g)&nbsp;of
its Disclosure Schedule, true, correct, and complete
copies of which have been provided to VTR.&#160;
It does not own any of the share capital or any other interest in
Metr&#243;polis or Proser other than the Metr&#243;polis Stock and the Proser Stock owned
by it, as fully set forth on Schedule&nbsp;A.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Interested Party Transactions</u>.&#160; Other than transactions required or permitted
by this Agreement or the other Transaction Documents, Section&nbsp;3.1(h)&nbsp;of
its Disclosure Schedule&nbsp;lists all Contracts between Metr&#243;polis or Proser,
on the one hand, and, on the other hand, (i)&nbsp;it or any of its Affiliates
(other than Metr&#243;polis or Proser, and with respect to Uno, not including UGC or
any of its Subsidiaries) or (ii)&nbsp;any director, officer, or employee of it
or any of its Affiliates (other than Metr&#243;polis or Proser, and with respect to
Uno, not including UGC or any of its Subsidiaries), in each case that has not
yet been fully performed.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Investment Intent</u>.&#160; CCC is acquiring the VTR Stock pursuant to
this Agreement for investment purposes only.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section3_2_105231"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;3.2</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>VTR&#146;s
Representations and Warranties.</u>&#160; VTR
represents and warrants to the Transferors that the statements contained in
this Section&nbsp;3.2 are correct and complete as of the date of this
Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Organization</u>.&#160; It (i)&nbsp;is a <i><font style="font-style:italic;">sociedad
an&#243;nima</font></i>, duly
organized, validly existing, and in good standing under the Laws of its
jurisdiction of organization; and (ii)&nbsp;has all requisite corporate or
other Entity power and authority to own, lease, and operate its properties and
to carry on its business as now being conducted.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Power and Authority</u>.&#160; (i)&nbsp;It has all requisite corporate or
other Entity power and authority to enter into, and to perform its obligations
under, this Agreement and each Transaction Document being or to be executed and
delivered by it pursuant to this Agreement; and (ii)&nbsp;the execution and
delivery by it of this Agreement and each</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transaction Document to which it is or will
be a party, and the performance by it of its obligations under this Agreement
and each Transaction Document to which it is or will be a party, have been duly
authorized by all requisite corporate or other Entity action.</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Validity</u>.&#160; Each of this Agreement and the other
Transaction Documents being or to be executed and delivered by it has been, or
will be, duly executed and delivered by it, and assuming the due execution and
delivery by each other party hereto and thereto, this Agreement constitutes,
and when executed and delivered by it pursuant to this Agreement, each
Transaction Document being or to be executed and delivered by it will
constitute, the legal, valid, and binding obligation of it, enforceable against
it in accordance with its terms, except as such enforceability may be affected
by applicable bankruptcy, reorganization, insolvency, moratorium, or similar
Laws affecting creditors&#146; rights generally.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Consents</u>.&#160; Except for any required notices, Filings,
consents, approvals, or waivers set forth in Section&nbsp;3.2(d)&nbsp;of its
Disclosure Schedule&nbsp;or that have been obtained or made, no consent,
approval, or waiver of, notice to, or Filing with, any other Person is
required, on behalf of it in connection with the execution, delivery, or
performance by it of this Agreement or any of the other Transaction Documents
being or to be executed and delivered by it, or the consummation of the
transactions contemplated hereby and thereby.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>No Conflicts</u>.&#160; The execution and delivery by it of this
Agreement and the other Transaction Documents being or to be executed and
delivered by it do not, and the performance by it of its obligations under this
Agreement and the other Transaction Documents being or to be executed and
delivered by it and the consummation of the transactions contemplated hereby
and thereby do not and will not, (i)&nbsp;violate or conflict with any
provision of its Governing Documents; (ii)&nbsp;violate any of the terms,
conditions, or provisions of any Law in effect on the date of this Agreement or
License to which it is subject or by which it or any of its assets is bound,
except that no representation is made with respect to any Law of any
jurisdiction in which it does not, directly or through a Subsidiary, own assets
or engage in business; (iii)&nbsp;result in a violation or breach of, or (with
or without the giving of notice or lapse of time or both) constitute a default
(or give rise to any right of termination, cancellation, acceleration,
repurchase, prepayment, repayment, or increased payments) under, or give rise
to or accelerate any material obligation (including any obligation to, or to offer
to, repurchase, prepay, repay, or make increased payments), or result in the
loss or modification of any material benefit under, or pursuant to, any
Contract to which it is a party or by which it or any of its assets is bound;
or (iv)&nbsp;result in a Lien or Restriction (other than any Lien or
Restriction created by this Agreement or any of the other Transaction
Documents) on the DPP Obligation or on any of the VTR Stock being acquired by
CCC pursuant to this Agreement.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Brokers&#146; and Finders&#146; Fees</u>.&#160; There is no broker, finder, investment
banker, or similar intermediary that has been retained by, or is authorized to
act on behalf of, it or UGC or any of UGC&#146;s Subsidiaries or any of their
respective officers or directors who will be entitled to any fee or commission
in connection with this Agreement or any other</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transaction Document or upon consummation of
the transactions contemplated hereby or thereby and which fee or commission
could reasonably be expected to be or become a liability of any Transferor or
any of its Affiliates (with respect to Uno, other than UGC or any of its
Subsidiaries).</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Interested Party Transactions</u>.&#160; Other than transactions required or permitted
by this Agreement or the other Transaction Documents, Section&nbsp;3.2(g)&nbsp;of
its Disclosure Schedule&nbsp;lists all Contracts between it or any of its Subsidiaries,
on the one hand, and, on the other hand, (i)&nbsp;UGC or any of UGC&#146;s
Subsidiaries (other than VTR or any of its Subsidiaries) or (ii)&nbsp;any
director, officer, or employee of UGC or any of UGC&#146;s Subsidiaries (other than
VTR or any of its Subsidiaries), in each case that has not yet been fully
performed.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Investment Intent</u>.&#160; VTR is acquiring the Metr&#243;polis Stock
pursuant to this Agreement for investment purposes only.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><a name="ArticleIv_113443"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;IV</font></b></a><br>
REPRESENTATIONS AND WARRANTIES<br>
REGARDING METR&#211;POLIS AND PROSER</h1>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font style="font-weight:normal;">&nbsp;</font></h1>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each
Transferor represents and warrants to VTR that the statements contained in this
Article&nbsp;IV are correct and complete as of the date of this Agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_1_113458"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.1</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Organization,
Good Standing, and Authority</u>.&#160;
Each of Metr&#243;polis and Proser (a)&nbsp;is a <i><font style="font-style:italic;">sociedad an&#243;nima</font></i>, duly organized,
validly existing, and in good standing under Chilean Law, (b)&nbsp;has all
requisite corporate or other Entity power and authority to own, lease, and
operate its properties and to carry on its business as now being conducted, and
(c)&nbsp;is duly qualified or licensed and in good standing to do business in
each jurisdiction in which the property owned, leased or operated by it or the
nature of the business conducted by it makes such qualification necessary,
except where the failure to be so qualified or licensed and in good standing
has not had and is not reasonably likely to have a Metr&#243;polis Material Adverse
Effect.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_2_113502"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.2</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Capitalization</u>.&#160; As of the date hereof, the share capital of
Metr&#243;polis is $115,691,111,254 Chilean Pesos, divided into 88,970,214
registered shares, all in a single series, with no preference, all of which are
issued and outstanding.&#160; All of the
issued and outstanding shares of Metr&#243;polis Stock are set forth on Schedule&nbsp;A,
and the information set forth therein is true, correct, and complete.&#160; All of such issued and outstanding shares are
duly authorized, validly issued, and fully paid.&#160; Except as set forth in Section&nbsp;4.2 of
the Metr&#243;polis Disclosure Schedule, there are no other issued or outstanding
share capital, subscriptions, options, warrants, puts, calls, trusts (voting or
otherwise), rights, exchangeable or convertible securities, or other
commitments or agreements of any nature relating to the share capital or other
securities of or ownership interests in Metr&#243;polis or obligating Metr&#243;polis, at
any time or upon the happening of any event, to issue, transfer, deliver, sell,
repurchase, redeem, or otherwise acquire, or cause to be issued, transferred,
delivered, sold, repurchased, redeemed, or otherwise acquired, any of its share
capital, other securities, or ownership interests or any phantom shares,
phantom equity interests, or stock or equity appreciation rights, or other
ownership interests in Metr&#243;polis or</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">obligating Metr&#243;polis to grant, extend, or enter into any such
subscription, option, warrant, put, call, trust, right, exchangeable or
convertible security, commitment, or agreement.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_3_113510"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.3</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Consents;
No Conflicts</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Consents</u>.&#160; Except for any required notices, Filings,
consents, approvals, or waivers set forth in Section&nbsp;4.3(a)&nbsp;of the
Metr&#243;polis Disclosure Schedule, no consent, approval, or waiver of, notice to,
or Filing with, any other Person is required, on behalf of Metr&#243;polis in
connection with any of the Transaction Documents being or to be executed and
delivered by Metr&#243;polis, or the consummation of the transactions contemplated
hereby and thereby.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>No Conflicts</u>.&#160; The execution and delivery of this Agreement
and the other Transaction Documents being or to be executed and delivered by
the Transferors do not, and the consummation of the transactions contemplated
hereby and thereby do not and will not, (i)&nbsp;violate or conflict with any
provision of the Governing Documents of Metr&#243;polis or Proser; (ii)&nbsp;violate
any of the terms, conditions, or provisions of any Law in effect on the date of
this Agreement or License to which Metr&#243;polis or Proser is subject or by which
Metr&#243;polis, Proser, or any of their respective assets is bound, except that no
representation is made with respect to any Law of any foreign jurisdiction in
which Metr&#243;polis or Proser does not own assets or engage in business, (iii)&nbsp;except
as set forth in Section&nbsp;4.3(b)(iii)&nbsp;of the Metr&#243;polis Disclosure
Schedule, result in a violation or breach of, or (with or without the giving of
notice or lapse of time or both) constitute a default (or give rise to any
right of termination, cancellation, acceleration, repurchase, prepayment,
repayment, or increased payments) under, or give rise to or accelerate any
material obligation (including any obligation to, or to offer to, repurchase,
prepay, repay, or make increased payments), or result in the loss or
modification of any material benefit under, or pursuant to, any Contract to
which Metr&#243;polis or Proser is a party or by which Metr&#243;polis, Proser, or any of
their respective assets is bound, or (iv)&nbsp;result in any Lien or
Restriction (other than any Liens or Restrictions created by this Agreement or
any of the other Transaction Documents) on any of the Metr&#243;polis Stock being
acquired by VTR or VTR Net S.A. pursuant to this Agreement, or on any of the
Proser Stock being acquired by Metr&#243;polis or VTR Net S.A. pursuant to this
Agreement, or on any of the assets of Metr&#243;polis or Proser.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_4_113515"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.4</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Brokers&#146;
and Finders&#146; Fees</u>.&#160; There is no
broker, finder, investment banker, or similar intermediary that has been
retained by, or is authorized to act on behalf of, Metr&#243;polis or Proser or any
of their respective officers or directors who will be entitled to any fee or
commission in connection with this Agreement or any other Transaction Document
or upon consummation of the transactions contemplated hereby or thereby and
which fee or commission could reasonably be expected to be or become a
liability of UGC, any of UGC&#146;s Subsidiaries, Metr&#243;polis, or Proser.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_5_113521"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.5</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Subsidiaries</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;4.5(a)&nbsp;of the Metr&#243;polis Disclosure Schedule&nbsp;(i)&nbsp;lists
the name and jurisdiction of organization of each Subsidiary of Metr&#243;polis and
each Entity (A)&nbsp;in which Metr&#243;polis through one or more Subsidiaries owns
an investment accounted for by the equity method (a &#147;<u>Metr&#243;polis Equity
Affiliate</u>&#148;), or (B)&nbsp;that has issued and sold any debt securities that
are owned by Metr&#243;polis or Proser, or otherwise owes any material Indebtedness
to Metr&#243;polis or Proser, (ii)&nbsp;describes the number and kind of (A)&nbsp;authorized
and issued and outstanding equity interests or securities, including interests
or securities convertible into or exchangeable or exercisable for any equity
interest or security, in each Subsidiary and Metr&#243;polis Equity Affiliate, and (B)&nbsp;debt
securities owned by Metr&#243;polis or Proser (as well as the debtors and amounts
with respect to to any material Indebtedness otherwise owed to Metr&#243;polis or
Proser), in each case owned directly or indirectly by Metr&#243;polis (each of
clauses (A)&nbsp;and (B), a &#147;<u>Metr&#243;polis Investment</u>&#148;), and (iii)&nbsp;lists
all material Contracts to which Metr&#243;polis or any of its Subsidiaries are
parties evidencing such Metr&#243;polis Investments, pursuant to which such
Metr&#243;polis Investments are held, evidencing Restrictions affecting such
Metr&#243;polis Investments or entered into in connection with the acquisition of
such Metr&#243;polis Investments (unless all liabilities, obligations, and
commitments thereunder have been performed in full and there are no remaining
liabilities, obligations, or commitments (actual, contingent, or otherwise)
thereunder) (the &#147;<u>Metr&#243;polis Investment Agreements</u>&#148;).&#160; Except for Proser, Metr&#243;polis does not have
and has never had any Subsidiary, and except for Metr&#243;polis Investments,
Metr&#243;polis does not have and has never had any direct or indirect investment
accounted for by the equity method in any Entity, and except for Metr&#243;polis
Investments, neither Metr&#243;polis nor Proser owns any debt securities or any
other material Indebtedness owed to Metr&#243;polis or Proser.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>All Metr&#243;polis Investments that are equity interests or
securities, including interests or securities convertible into or exchangeable
or exercisable for any equity interest or security, are duly authorized,
validly issued, and fully paid.&#160;
Metr&#243;polis or the applicable Subsidiary thereof has good and valid title
to the Metr&#243;polis Investments, free and clear of all Liens and Restrictions,
other than Liens or Restrictions (i)&nbsp;set forth in Section&nbsp;4.5(b)&nbsp;of
the Metr&#243;polis Disclosure Schedule, (ii)&nbsp;as created by this Agreement or
any of the other Transaction Documents, (iii)&nbsp;as imposed by the Governing
Documents of the applicable Subsidiary or Metr&#243;polis Equity Affiliate generally
on all equity interests or securities, including interests or securities
convertible into or exchangeable or exercisable for any equity interest or
security, of such Subsidiary or Metr&#243;polis Equity Affiliate, (iv)&nbsp;imposed
by VTR or any of its Subsidiaries, or (v)&nbsp;Preemptive Rights pursuant to
the Corporations Law.&#160; Except as set
forth in Section&nbsp;4.5(b)&nbsp;of the Metr&#243;polis Disclosure Schedule, there
are no other issued or outstanding equity interests or securities of any Subsidiary
of Metr&#243;polis or any Metr&#243;polis Equity Affiliate, subscriptions, options,
warrants, puts, calls, trusts (voting or otherwise), rights, exchangeable or
convertible securities, or other commitments or agreements of any nature
relating to the share capital or other securities or ownership interests of any
such Subsidiary or Metr&#243;polis Equity Affiliate or obligating any such
Subsidiary or Metr&#243;polis Equity Affiliate, at any time or upon the happening of
any event, to issue, transfer, deliver, sell,</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">repurchase, redeem, or otherwise acquire, or
cause to be issued, transferred, delivered, sold, repurchased, redeemed, or
otherwise acquired, any share capital or other securities or ownership
interests of any such Subsidiary or Metr&#243;polis Equity Affiliate, or any phantom
shares, phantom equity interests, or stock or equity appreciation rights, or
other ownership interests of any such Subsidiary or Metr&#243;polis Equity Affiliate
or obligating any such Subsidiary or Metr&#243;polis Equity Affiliate to grant,
extend, or enter into any such subscription, option, warrant, put, call, trust,
right, exchangeable or convertible security, commitment, or agreement.&#160; Except as set forth in Section&nbsp;4.5(b)&nbsp;of
the Metr&#243;polis Disclosure Schedule, neither Metr&#243;polis nor any of its
Subsidiaries or Metr&#243;polis Equity Affiliates owns or has any right to acquire,
directly or indirectly, any outstanding share capital of, or other equity
interests or securities in, any Entity other than Metr&#243;polis Investments.</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>True, correct, and complete copies of the Metr&#243;polis
Investment Agreements are included as Section&nbsp;4.5(c)&nbsp;of the
Metr&#243;polis Disclosure Bundle.&#160; Except as
set forth in Section&nbsp;4.5(c)&nbsp;of the Metr&#243;polis Disclosure Schedule,
assuming the due execution and delivery by each of the other parties thereto,
the Metr&#243;polis Investment Agreements constitute legal, valid, and binding
obligations of the other parties thereto, enforceable by Metr&#243;polis or the
applicable Subsidiary that is a party to such Metr&#243;polis Investment Agreement
in accordance with its terms, except as such enforceability may be affected by
applicable bankruptcy, reorganization, insolvency, moratorium, or similar Laws
affecting creditors&#146; rights generally (and such Transferor has no knowledge of
any fact or circumstance that has occurred that would make any such Laws
applicable).&#160; Except as
set forth in Section&nbsp;4.5(c)&nbsp;of the Metr&#243;polis Disclosure Schedule,
there is no Legal Proceeding pending, or to the knowledge of such Transferor,
threatened in writing relating to any of such Metr&#243;polis Investments or
Metr&#243;polis Investment Agreements.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each of Proser and, to the knowledge of such Transferor,
each Metr&#243;polis Equity Affiliate, (i)&nbsp;is duly organized, validly existing,
and in good standing under the laws of the jurisdiction of its organization, (ii)&nbsp;has
all requisite corporate or other Entity power and authority to own, lease, and
operate its properties and to carry on its business as it is now being
conducted, and (iii)&nbsp;is duly qualified to do business and is in good
standing in each jurisdiction in which the properties owned, leased, or
operated by it, or the nature of its activities make such qualification
necessary.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_6_113530"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.6</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Financial
Statements; Absence of Certain Developments; No Undisclosed Liabilities; Net
Debt</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Metr&#243;polis has delivered to VTR (i)&nbsp;the audited
consolidated balance sheets (the &#147;<u>Metr&#243;polis Audited Consolidated Balance
Sheets</u>&#148;) of Metr&#243;polis and Proser as of December&nbsp;31, 2003 and 2004
(the latter date, the &#147;<u>Metr&#243;polis Audited Balance Sheet Date</u>&#148;), (ii)&nbsp;the
unaudited consolidated balance sheet (the &#147;<u>Metr&#243;polis Unaudited Consolidated
Balance Sheet</u>&#148;) of Metr&#243;polis and Proser as of the end date of the most
recent month available (the &#147;<u>Metr&#243;polis Unaudited Balance Sheet Date</u>&#148;),
but not earlier than February&nbsp;28, 2005, (iii)&nbsp;the audited
consolidated statements of income and cash flows of Metr&#243;polis and Proser for
the fiscal years ended on December&nbsp;31, 2003 and</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">30</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2004, (iv)&nbsp;the unaudited consolidated
statement of income and cash flows of Metr&#243;polis and Proser for the period (the
&#147;<u>Metr&#243;polis Stub Period</u>&#148;) beginning on the first day of the fiscal year
in which the Metr&#243;polis Unaudited Balance Sheet Date falls and ending on the
Metr&#243;polis Unaudited Balance Sheet Date, (v)&nbsp;the audited separate company
balance sheet of Metr&#243;polis and the unaudited separate company balance sheet of
Proser as of December&nbsp;31, 2003 and 2004, (vi)&nbsp;the unaudited separate
company balance sheets of Metr&#243;polis and Proser as of the Metr&#243;polis Unaudited
Balance Sheet Date, (vii)&nbsp;the audited separate company statements of
income and cash flows of Metr&#243;polis and the unaudited separate company
statements of income and cash flows of Proser for the fiscal years ended on December&nbsp;31,
2003 and 2004, and (viii)&nbsp;the unaudited separate company statements of
income and cash flows of Metr&#243;polis and Proser for the Metr&#243;polis Stub Period
(the foregoing financial statements, collectively, the &#147;<u>Metr&#243;polis Financial
Statements</u>,&#148; true, correct, and complete copies of all of which are
included as Section&nbsp;4.6(a)&nbsp;of the Metr&#243;polis Disclosure Bundle).</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except (i)&nbsp;as set forth in Section&nbsp;4.6(b)&nbsp;of
the Metr&#243;polis Disclosure Schedule, (ii)&nbsp;as described in the notes to the
Metr&#243;polis Financial Statements that are audited, (iii)&nbsp;to the extent that
the unaudited interim statements do not include footnotes and other
presentation items as required by GAAP, and (iv)&nbsp;in the case of the
unaudited statements, for normal, year-end adjustments (which will not be
material individually or in the aggregate), the Metr&#243;polis Financial Statements
have been prepared in accordance with GAAP applied on a consistent basis and
fairly present the financial condition and results of operations and cash flows
of Metr&#243;polis and Proser as of the respective dates thereof and for the
respective periods indicated therein.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as set forth in Section&nbsp;4.6(c)&nbsp;of the
Metr&#243;polis Disclosure Schedule, since the Metr&#243;polis Audited Balance Sheet
Date, (i)&nbsp;Metr&#243;polis and Proser have paid their respective accounts
payable in a consistent and timely manner and neither Metr&#243;polis nor Proser has
altered any of its practices, policies, or procedures in paying its accounts
payable, and (ii)&nbsp;no instance has occurred where Metr&#243;polis or Proser took
any action with regard to any account payable outside of the ordinary course of
business consistent with past practice.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Without limiting the generality of Section&nbsp;4.6(f),
since the Metr&#243;polis Audited Balance Sheet Date, except as set forth in Section&nbsp;4.6(d)&nbsp;of
the Metr&#243;polis Disclosure Schedule&nbsp;and as otherwise permitted or required
by this Agreement or the other Transaction Documents:</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>there has not been any loss, damage, or destruction to, or
any interruption in the use of, any asset of Metr&#243;polis or Proser (whether or
not covered by insurance) having a net book value in excess of US$50,000 (or
its equivalent in Chilean Pesos as of the date that is two Business Days prior
to the date hereof);</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the business of Metr&#243;polis and Proser has been operated only
in the ordinary course consistent with past practice,</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>neither
Metr&#243;polis nor Proser has sold, leased, transferred, assigned, or granted any
license or sublicense with respect to any material assets, tangible or
intangible, other than in the ordinary course of business consistent with past
practice;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>neither Metr&#243;polis nor Proser has imposed any Lien upon any
of its tangible or intangible assets;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>neither Metr&#243;polis nor Proser has made any capital
expenditures outside the ordinary course of business;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>neither
Metr&#243;polis nor Proser has (A)&nbsp;declared, approved, accrued, set aside, or
paid any dividend or made any other distribution in respect of any share
capital or other securities, or (B)&nbsp;repurchased, redeemed, or otherwise
reacquired any share capital or other securities;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>neither
Metr&#243;polis nor Proser has purchased or otherwise acquired (in a single
transaction or a series of related transactions) any asset (A)&nbsp;from any
Transferor or any of their respective Affiliates (with respect to Uno, not
including UGC or any of its Subsidiaries) for any amount of consideration, or (B)&nbsp;except
for supplies acquired by Metr&#243;polis and Proser in the ordinary course of
business consistent with past practice, from one or more other Persons for
consideration in excess of US$50,000 (or its equivalent in Chilean Pesos as of
the date that is two Business Days prior to the date hereof);</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>neither
Metr&#243;polis nor Proser has written off as uncollectible, or established any
extraordinary reserve with respect to, any account receivable or other
Indebtedness in excess of US$50,000 (or its equivalent in Chilean Pesos as of
the date that is two Business Days prior to the date hereof);</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>neither
Metr&#243;polis nor Proser has incurred, assumed, or otherwise become subject to any
liability (in a single transaction or a series of related transactions) (A)&nbsp;to
any Transferor or any of their respective Affiliates (with respect to Uno, not
including UGC or any of its Subsidiaries) in any amount, or (B)&nbsp;to any
other Person in excess of US$50,000 (or its equivalent in Chilean Pesos as of
the date that is two Business Days prior to the date hereof);</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>there
has been no material change in the accounting methods, practices, or policies
of Metr&#243;polis or Proser except as required by changes in GAAP; and</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>neither Metr&#243;polis nor Proser has agreed, committed, or
offered (in writing or otherwise) to take any of the actions referred to in
clauses (iii)&nbsp;through (x) above.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except for (i)&nbsp;any liabilities set forth in Section&nbsp;4.6(e)&nbsp;of
the Metr&#243;polis Disclosure Schedule, (ii)&nbsp;liabilities set forth or provided
for on the Metr&#243;polis Audited Consolidated Balance Sheet (including liabilities
the amounts of which are set forth numerically in the notes thereto), (iii)&nbsp;liabilities
that have arisen after the Metr&#243;polis Audited Balance Sheet Date in the
ordinary course of business consistent with past practice, and (iv)&nbsp;liabilities
under the Contracts listed in Section&nbsp;4.10(a)&nbsp;of the Metr&#243;polis
Disclosure Schedule&nbsp;and true, correct, and complete copies of which are
included as Section&nbsp;4.10(c)&nbsp;of the Metr&#243;polis Disclosure Bundle, to
the extent that the existence of such liabilities is reasonably ascertainable
solely by reference to such Contracts, neither Metr&#243;polis nor Proser has any
material liability (whether known or unknown, whether asserted or unasserted,
whether absolute or contingent, whether accrued or unaccrued, whether
liquidated or unliquidated, and whether due or to become due, including any
liability for Taxes).</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Since the Metr&#243;polis Audited
Balance Sheet Date, no event has occurred and no condition exists that,
individually or together with other events and conditions, has had or, insofar
as either Transferor can reasonably foresee, is reasonably likely to have, a
Metr&#243;polis Material Adverse Effect.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Net Debt of Metr&#243;polis and Proser on a consolidated
basis does not exceed US$100,000,000.00 (or its equivalent in Chilean Pesos as
of the date that is two Business Days prior to the date hereof).&#160; Without limiting the generality of the
preceding sentence, Section&nbsp;4.6(g)&nbsp;of the Metr&#243;polis Disclosure Schedule&nbsp;sets
forth the aggregate amounts of Indebtedness (including a breakdown and
description of the items under clauses (a)&nbsp;through (g)&nbsp;of the
definition thereof), cash, and cash equivalents used by the Transferors in
calculating such Net Debt.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_7_113546"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.7</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Real
Property</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;4.7(a)&nbsp;of the Metr&#243;polis Disclosure Schedule&nbsp;sets
forth a true, correct, and complete list of all Metr&#243;polis Owned Real Property,
which list includes the address and description of each parcel of Metr&#243;polis
Owned Real Property.&#160; Section&nbsp;4.7(a)&nbsp;of
the Metr&#243;polis Disclosure Schedule&nbsp;also sets forth a true, correct, and
complete list of all Metr&#243;polis Leased Real Property, which list includes the
address and description of each parcel of Metr&#243;polis Leased Real Property.&#160; All of the parcels of Metr&#243;polis Owned Real
Property and Metr&#243;polis Leased Real Property are suitable and adequate for the
conduct of their respective businesses as conducted thereon.&#160; Metr&#243;polis or Proser validly owns and has
good and marketable title to all Metr&#243;polis Owned Real Property and the right,
enforceable against the relevant owners, to use all Metr&#243;polis Leased Real
Property as such Metr&#243;polis Leased Real Property is currently being used, in
each case free and clear of all Liens, except (i)&nbsp;Permitted Liens, (ii)&nbsp;such
Liens as are set</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">33</font></p>

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<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">forth</font> in Section&nbsp;4.7(a)&nbsp;of
the Metr&#243;polis Disclosure Schedule, or (iii)&nbsp;Contracts set forth in Section&nbsp;4.7(a)&nbsp;of
the Metr&#243;polis Disclosure Schedule.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;4.7(b)&nbsp;of the Metr&#243;polis Disclosure Bundle
includes true, correct, and complete copies of (i)&nbsp;all deeds and titles
covering the period of 10 years previous to the date hereof of or pertaining to
all Metr&#243;polis Owned Real Property, and (ii)&nbsp;all Contracts relating to all
Metr&#243;polis Leased Real Property.&#160; To the
knowledge of such Transferor, no survey exists with respect to any Metr&#243;polis
Owned Real Property.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>All buildings, structures, fixtures, building systems and
equipment, and all components thereof (collectively, &#147;<u>Improvements</u>&#148;),
included in the Metr&#243;polis Owned Real Property and the Metr&#243;polis Leased Real
Property are in good condition and repair and sufficient for the operation of
the business of Metr&#243;polis and Proser.&#160;
There are no facts or conditions affecting any of such Improvements that
would, individually or in the aggregate, interfere in any material respect with
the use or occupancy of such Improvements or any portion thereof in the
operation of the business of Metr&#243;polis and Proser as currently conducted
thereon.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as set forth in Section&nbsp;4.7(d)&nbsp;of the
Metr&#243;polis Disclosure Schedule, neither Metr&#243;polis nor Proser has received
written notice of any condemnation, expropriation or other proceeding in
eminent domain affecting any Metr&#243;polis Owned Real Property or Metr&#243;polis
Leased Real Property or any portion of or interest in any of the
foregoing.&#160; There is no Judgment
outstanding, nor any Legal Proceedings pending or, to the knowledge of such
Transferor, threatened, relating to the ownership, lease, use, or occupancy of
any Metr&#243;polis Owned Real Property or Metr&#243;polis Leased Real Property or any
portion of any of the foregoing, or the operation of the business of Metr&#243;polis
and Proser as currently conducted thereon as such operation affects or relates
to such ownership, lease, use, or occupancy.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The current use and occupancy of the Metr&#243;polis Owned Real
Property and the Metr&#243;polis Leased Real Property, and the operation of the
business of Metr&#243;polis and Proser as currently conducted thereon, does not
violate in any material respect any easement, covenant, condition, restriction
or similar provision in any instrument of record or other unrecorded agreement
affecting such Metr&#243;polis Owned Real Property and Metr&#243;polis Leased Real
Property.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_8_113554"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.8</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Assets</u>.
&#160;Except as set forth in Section&nbsp;4.8
of the Metr&#243;polis Disclosure Schedule, the assets (including buildings,
equipment and other tangible assets, but for purposes of this Section&nbsp;4.8
excluding all Metr&#243;polis Owned Real Property, Metr&#243;polis Leased Real Property,
Metr&#243;polis Owned Intellectual Property, and Metr&#243;polis Licensed Intellectual
Property) owned or leased by Metr&#243;polis and Proser are suitable and adequate
for the conduct of their respective businesses and Metr&#243;polis or Proser has
good and valid title to or valid leasehold or other contractual interests in
all such assets that are material to its business, free and clear of all Liens
(other than Permitted Liens) and Restrictions (other than Restrictions created
by this Agreement or any of the other Transaction Documents).</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_9_113618"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.9</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Intangible
Property</u>.&#160; Section&nbsp;4.9 of
the Metr&#243;polis Disclosure Schedule&nbsp;sets forth a true, correct, and
complete list of all Intellectual Property that is material to the business of
Metr&#243;polis and Proser as currently conducted.&#160;
Except as set forth in Section&nbsp;4.9 of the Metr&#243;polis Disclosure
Schedule, (a)&nbsp;either Metr&#243;polis or Proser owns, and possesses legally
enforceable rights to use, execute, reproduce, display, perform, modify,
enhance, distribute, prepare derivative works of, and sublicense, without
payment to any other Person, all such Intellectual Property that is owned by
Metr&#243;polis or Proser (&#147;<u>Metr&#243;polis Owned Intellectual Property</u>&#148;), and the
consummation of the Acquisition and the other transactions contemplated hereby
does not and will not conflict with, alter, or impair any such rights; (b)&nbsp;either
Metr&#243;polis or Proser is licensed or otherwise possesses legally enforceable
rights to use all such Intellectual Property that is not owned by Metr&#243;polis or
Proser (&#147;<u>Metr&#243;polis Licensed Intellectual Property</u>&#148;), and the
consummation of the Acquisition and the other transactions contemplated hereby
does not and will not conflict with, alter, or impair any such rights; (c)&nbsp;all
trademarks and domain names that comprise Metr&#243;polis Owned Intellectual
Property have been duly registered in, filed in, or issued by the appropriate
Governmental Authority where such registration, filing, or issuance is
necessary or appropriate for the conduct of the business of Metr&#243;polis and
Proser as currently conducted; (d)&nbsp;during the past two years, neither
Metr&#243;polis nor Proser has received any written communication from any Person
asserting any ownership interest in any Metr&#243;polis Owned Intellectual Property
or claiming any infringement by any Metr&#243;polis Owned Intellectual Property or
Metr&#243;polis Licensed Intellectual Property; (e)&nbsp;neither Metr&#243;polis nor
Proser has received notice of any claim of infringement of the rights of others
with respect to any Metr&#243;polis Owned Intellectual Property or Metr&#243;polis
Licensed Intellectual Property; (f)&nbsp;neither Metr&#243;polis nor Proser is
infringing upon or otherwise violating, or has infringed upon or otherwise
violated, the rights of any third party with respect to any Intellectual
Property; (g)&nbsp;no current or former employee of Metr&#243;polis or Proser is or
was a party to any confidentiality agreement and/or agreement not to compete
with a party other than Metr&#243;polis or Proser that restricts or forbids such
employee&#146;s performance of any activity that such employee was hired to perform;
(h)&nbsp;neither Metr&#243;polis nor Proser is currently using or has in the past
used without appropriate authorization, any confidential information or trade
secrets of any third party, and neither Metr&#243;polis nor Proser has received any
notice alleging such conduct; (i)&nbsp;all of the Metr&#243;polis Owned Intellectual
Property and Metr&#243;polis Licensed Intellectual Property is suitable and adequate
for the conduct of the respective businesses of Metr&#243;polis and Proser as
currently conducted therewith; and (j)&nbsp;all Metr&#243;polis Owned Intellectual
Property or Metr&#243;polis Licensed Intellectual Property is free and clear of all
Liens, except (i)&nbsp;Permitted Liens, (ii)&nbsp;such Liens as are set forth
in Section&nbsp;4.9 of the Metr&#243;polis Disclosure Schedule, or (iii)&nbsp;Contracts
set forth in Section&nbsp;4.9 of the Metr&#243;polis Disclosure Schedule.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_10_113626"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.10</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Contracts</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as set forth in Section&nbsp;4.10(a)&nbsp;of the
Metr&#243;polis Disclosure Schedule, there is no Contract or Judgment (except for
the Antitrust Resolution) binding upon Metr&#243;polis or Proser:</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>that limits the conduct of the business of Metr&#243;polis or
Proser as presently conducted;</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35</font></p>

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<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>that
relates to any Metr&#243;polis Leased Real Property or that is a lease, sublease, or
similar Contract with any Person under which Metr&#243;polis or Proser is a lessor
or sublessor of, or makes available for use to any Person, (A)&nbsp;any
Metr&#243;polis Owned Real Property or Metr&#243;polis Leased Real Property or (B)&nbsp;any
portion of any premises otherwise occupied by Metr&#243;polis or Proser;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>that relates in whole or in part to any Metr&#243;polis Owned
Intellectual Property or any Metr&#243;polis Licensed Intellectual Property
(including under which Metr&#243;polis or Proser is licensee or licensor of any
Intellectual Property);</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>under
which Metr&#243;polis or Proser has borrowed any money from, or issued any note,
bond, or debenture to, or incurred Indebtedness to, any Person, or any other
note, bond, debenture, or other Indebtedness of Metr&#243;polis or Proser;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>under
which (A)&nbsp;any Person other than Metr&#243;polis or Proser has directly or
indirectly guaranteed Indebtedness or liabilities of Metr&#243;polis or Proser; (B)&nbsp;Metr&#243;polis
or Proser has directly or indirectly guaranteed Indebtedness or liabilities of
any Person other than Metr&#243;polis or Proser (in each case other than
endorsements for the purpose of collection in the ordinary course of business
consistent with past practice); or (C)&nbsp;Metr&#243;polis or Proser has agreed to
indemnify any third party; in each case including any so called take-or-pay or
keepwell agreements;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>under
which Metr&#243;polis or Proser has, directly or indirectly, made any advance, loan,
extension of credit, or capital contribution to, or other investment in, a
Person;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>granting
a Lien (other than a Permitted Lien) upon any Metr&#243;polis Owned Real Property,
any Metr&#243;polis Leased Real Property, or any other asset owned by Metr&#243;polis or
Proser;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(viii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>for
the sale of any asset of Metr&#243;polis or Proser with a book value in excess of
US$25,000 (or its equivalent in Chilean Pesos as of the date that is two
Business Days prior to the date hereof) or the grant of any preferential rights
to purchase any such asset or requiring the consent of any party to the
transfer thereof;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ix)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>that
is with or from any Governmental Authority;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>for
any joint venture, partnership, or similar arrangement;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>providing for the services of any dealer, distributor, sales
representative, franchisee, or similar representative involving the</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">36</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">payment</font> or
receipt over the life of such Contract in excess of US$50,000 (or its
equivalent in Chilean Pesos as of the date that is two Business Days prior to
the date hereof) by Metr&#243;polis or Proser;</h4>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>that
creates an aggregate future liability to any Person (including Metr&#243;polis or
Proser) in excess of US$50,000 (or its equivalent in Chilean Pesos as of the
date that is two Business Days prior to the date hereof) and is not terminable
by Metr&#243;polis or Proser by notice of not more than 90 days for a cost of less
than US$10,000 (or its equivalent in Chilean Pesos as of the date that is two
Business Days prior to the date hereof) (including purchase orders and sales
orders;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xiii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>that has had or could reasonably be expected to limit the
right of UGC or any of its Subsidiaries (except Metr&#243;polis and Proser) to
compete in any line of business;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xiv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>that purports to or would bind VTR or any of its
Subsidiaries (except Metr&#243;polis and Proser) after giving effect to the
transactions contemplated hereby;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>that
purports to bind any Affiliate of Metr&#243;polis and Proser (except Metr&#243;polis and
Proser) in such a manner that after the Closing an act or omission of UGC or
any of its Subsidiaries (except Metr&#243;polis and Proser) could result in a
violation or breach thereof, or constitute (with or without the giving of
notice or lapse of time or both), or permit any Person to declare, a default or
event of default thereunder, or give rise to any right of termination,
cancellation, amendment, acceleration, repurchase, prepayment, repayment, or
increased payments thereunder, or give rise to or accelerate any obligation
(including any obligation to, or to offer to, repurchase, prepay, repay, or make
increased payments) or result in the loss or modification of any rights or
benefits thereunder, or result in any Lien (other than Permitted Liens) or
Restriction (other than Restrictions created by this Agreement or any of the
other Transaction Documents) on any of the assets of, UGC or any of its
Subsidiaries; or</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(xvi)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>other
than as set forth above, to which Metr&#243;polis or Proser is a party or by which
it or any of its assets or businesses is bound or subject that is material to
the business of Metr&#243;polis or Proser or the use or operation of their
respective assets, including all programming Contracts, all Strategic
Contracts, and all other Contracts between Metr&#243;polis or Proser, on the one
hand, and</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">37</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Compa&#241;&#237;a de Telecomunicaciones de Chile S.A.
or any of its Affiliates, on the other hand.</font></h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as set forth in Section&nbsp;4.10(b)&nbsp;of the
Metr&#243;polis Disclosure Schedule, (i)&nbsp;all Contracts listed in Section&nbsp;4.10(a),
Section&nbsp;4.11(a), and Section&nbsp;4.12(a)&nbsp;of the Metr&#243;polis
Disclosure Schedule, Section&nbsp;3.1(h)&nbsp;of the Uno Disclosure Schedule,
and Section&nbsp;3.1(h)&nbsp;of the CCC Disclosure Schedule&nbsp;are valid,
binding, and in full force and effect and are enforceable by Metr&#243;polis or
Proser in accordance with their respective terms, except as such enforceability
may be affected by applicable bankruptcy, reorganization, insolvency,
moratorium, or similar Laws affecting creditors&#146; rights generally (and such
Transferor has no knowledge of any fact or circumstance that has occurred that
would make any such Laws applicable); (ii)&nbsp;Metr&#243;polis or Proser, as the
case may be, has performed all material obligations required to be performed by
it to date under such Contracts, and is not (with or without the lapse of time
or the giving of notice, or both) in breach or default in any material respect
thereunder and, to the knowledge of such Transferor, no other party to any such
Contract is (with or without the lapse of time or the giving of notice, or
both) in breach or default in any material respect thereunder; (iii)&nbsp;neither
of the Transferors nor Metr&#243;polis has received any notice of the intention of
any party to terminate any such Contract; (iv)&nbsp;none of such Contracts has
been amended, modified, or supplemented, whether orally or in writing; and (v)&nbsp;each
such written Contract has been performed by the parties thereto in accordance
with the terms included in the copies thereof included in Section&nbsp;4.10(c)&nbsp;of
the Metr&#243;polis Disclosure Bundle, and each such oral Contract has been performed
by the parties thereto in accordance with the terms included in the written
summary thereof included in Section&nbsp;4.10(c)&nbsp;of the Metr&#243;polis
Disclosure Bundle.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;4.10(c)&nbsp;of the Metr&#243;polis Disclosure
Bundle includes true, correct, and complete copies of all Contracts, including
a written summary setting forth the material terms and conditions of each oral
Contract, listed in Section&nbsp;4.10(a), Section&nbsp;4.11(a), and Section&nbsp;4.12(a)&nbsp;(except
for regular Contracts with employees of Metr&#243;polis, none of which is
individually material to the business of Metr&#243;polis or Proser or the use or
operation of their respective assets and true, correct, and complete copies of
which have been made available to VTR and are located in the Metr&#243;polis office
where the applicable employee works) of the Metr&#243;polis Disclosure Schedule, Section&nbsp;3.1(h)&nbsp;of
the Uno Disclosure Schedule, and Section&nbsp;3.1(h)&nbsp;of the CCC Disclosure
Schedule.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_11_113640"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.11</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Employee
Benefit Plans</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;4.11(a)&nbsp;of the Metr&#243;polis Disclosure Schedule&nbsp;sets
forth a true, correct, and complete list of each material compensation, bonus,
pension, profit sharing, deferred compensation, incentive compensation, stock
ownership, stock purchase, stock option, phantom stock, retirement, employment,
change in control, &#147;golden parachute&#148;, welfare, collective bargaining,
severance, disability, death benefit, hospitalization, and medical plan,
program, policy, and arrangement maintained or contributed to (or required to
be contributed to) for the benefit of any current or former employee, officer,
or director</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">38</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of</font> Metr&#243;polis or Proser and with
respect to which Metr&#243;polis or Proser would reasonably be expected to have
direct or contingent liability.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as set forth in Section&nbsp;4.11(b)&nbsp;of the
Metr&#243;polis Disclosure Schedule, (i)&nbsp;each of the items listed in Section&nbsp;4.11(a)&nbsp;of
the Metr&#243;polis Disclosure Schedule&nbsp;has, to the extent applicable, been
administered in compliance with its terms and the applicable provisions of all
applicable Laws; (ii)&nbsp;as of the date hereof, there are no pending or, to
the knowledge of such Transferor, threatened investigations, claims, or
lawsuits in respect of any such item; (iii)&nbsp;no current or former employee,
officer, or director of Metr&#243;polis or Proser will become entitled to any
material payment, benefit, or right, or any materially increased and/or
accelerated payment, benefit, or right, as a result of the execution of this
Agreement or any other Transaction Document or the consummation of the
transactions contemplated hereby or thereby.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_12_113647"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.12</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Employees</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;4.12(a)&nbsp;of the Metr&#243;polis Disclosure Schedule&nbsp;contains
(i)&nbsp;a true, correct, and complete list of all employees of Metr&#243;polis and
Proser, which list includes, for each employee, the date such employee joined
the relevant company, and such employee&#146;s full name, position, date of
employment contract, actual salary, bonuses and any other compensation,
vacation days pending and the corresponding amount due, and any special
severance agreements or obligations, if any, (ii)&nbsp;a true, correct, and
complete list of all employment or employment-related Contracts with any
current officer, director, employee, or consultant of Metr&#243;polis or Proser, (iii)&nbsp;a
true, correct, and complete list of all Persons providing services to Metr&#243;polis under services Contracts (<i><font style="font-style:italic;">contratos a honorarios</font></i>), and (iv)&nbsp;a true,
correct, and complete list of all employment or employment-related Contracts
with any former officer, director, employee, or consultant that involve an
unsatisfied liability of Metr&#243;polis or Proser in excess of US$25,000 (or its
equivalent in Chilean Pesos as of the date that is two Business Days prior to
the date hereof).</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as set forth in Section&nbsp;4.12(b)&nbsp;of the
Metr&#243;polis Disclosure Schedule&nbsp;or applicable Law, neither VTR, any of its
Subsidiaries, Metr&#243;polis, nor Proser will be required to continue any Person in
the employ (or retain any Person as a consultant or service provider) of
Metr&#243;polis or Proser from and after the Closing.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;4.12(c)&nbsp;of the Metr&#243;polis Disclosure
Bundle includes a true, correct, and complete copy of each collective
bargaining agreement relating to or affecting Metr&#243;polis or Proser or any
employee of Metr&#243;polis or Proser.&#160; Section&nbsp;4.12(c)&nbsp;of
the Metr&#243;polis Disclosure Schedule&nbsp;sets forth a true, correct, and
complete description of each labor organization relating to or affecting
Metr&#243;polis or Proser or any employee of Metr&#243;polis or Proser; and except as set
forth in Section&nbsp;4.12(c)&nbsp;of the Metr&#243;polis Disclosure Schedule&nbsp;and
except for such exceptions as have not had, and insofar as the Transferors can
reasonably foresee are not likely to have, a Metr&#243;polis Material Adverse
Effect, (i)&nbsp;there is not occurring, and there has not occurred during the
previous five years, or, to the knowledge of such Transferor, been threatened,
any strike, slow-down, picket, work stoppage, or other concerted action by any
union or other group of</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">39</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">employees or other Persons against either
Metr&#243;polis or Proser or their respective premises or products; (ii)&nbsp;there
are, and during the previous five years have been, no complaints or grievances
known to either Transferor, by any union, other group, or class of employees or
other Persons which are unsettled or unresolved; and (iii)&nbsp;to the
knowledge of such Transferor, no other union or labor organization has
attempted to organize any of the employees of Metr&#243;polis or Proser.</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as set forth in Section&nbsp;4.12(d)&nbsp;of the Metr&#243;polis
Disclosure Schedule&nbsp;and except for such exceptions as have not had, and
insofar as the Transferors can reasonably foresee are not likely to have, a
Metr&#243;polis Material Adverse Effect, (i)&nbsp;Metr&#243;polis and Proser have
complied with all obligations and legal requirements relating to employment,
social security, and labor, including payment of all due and payable social
security contributions, pension fund contributions, mandatory health care
contributions and severance benefits for which Metr&#243;polis and Proser might be
liable; (ii)&nbsp;there are, and since the formation of Metr&#243;polis or Proser
have been, no complaints or grievances that have been formally filed with
Metr&#243;polis or Proser or any Governmental Authority (or to the knowledge of such
Transferor, threatened) by any employee, consultant, service provider,
customer, social security institution, Governmental Authority with jurisdiction
to enforce labor and social security laws, or vendor of Metr&#243;polis or Proser or
former employee, consultant, service provider, vendor, or customer of
Metr&#243;polis or Proser which are unsettled or unresolved; and (iii)&nbsp;to the
knowledge of such Transferor, no facts or circumstances exist that would
reasonably be expected to result in a claim of wrongful termination, employment
discrimination, or other related claim by any current or former employee of
Metr&#243;polis or Proser, or any social security institution or Governmental
Authority with jurisdiction to enforce labor and social security laws, against
Metr&#243;polis or Proser or any director or officer of Metr&#243;polis or Proser in
their capacity as a director or officer.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as set forth in Section&nbsp;4.12(e)&nbsp;of the
Metr&#243;polis Disclosure Schedule, Metr&#243;polis and Proser have accurately accrued
in the Metr&#243;polis Financial Statements for all employee and management bonuses,
applicable pension, applicable health care, vacation, and other expenses
related to employment.&#160; Section&nbsp;4.12(e)&nbsp;of
the Metr&#243;polis Disclosure Schedule&nbsp;sets forth a true, correct, and
complete accrual of all bonuses owed to current and former employees and
management as of the date of this Agreement.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_13_113656"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.13</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Legal
Compliance</u>.&#160; Except as set
forth in Section&nbsp;4.13 of the Metr&#243;polis Disclosure Schedule, Metr&#243;polis
and Proser (a)&nbsp;are in compliance with, and have conducted their respective
businesses so as to comply with, the terms of their respective Licenses and all
applicable Laws, (b)&nbsp;have all Licenses that are required to operate their
respective businesses, and (c)&nbsp;no Legal Proceeding, claim, demand, or
notice has been filed or commenced against Metr&#243;polis or Proser alleging any
failure to so comply.&#160; Without limiting
the generality of the preceding sentence, neither Metr&#243;polis, nor Proser, nor
any of their respective directors, officers, employees, or agents, has made,
offered to make, or directed others to make or offer or make, any payment, or
has given, offered to give, or directed others to give or offer or give,
anything of value, directly or indirectly, to any official or representative of
any Governmental Authority or</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">40</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">political</font> party
or political campaign, for the purpose of influencing a decision to secure or
maintain business for any Person.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_14_113701"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.14</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Taxes</u>.&#160; The representations and warranties set forth
in Schedule&nbsp;B are true and correct in all respects.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_15_130822"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.15</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Accounts
Receivable</u>.&#160; Except as set
forth in Section&nbsp;4.15 of the Metr&#243;polis Disclosure Schedule, (a)&nbsp;all
accounts receivable of Metr&#243;polis and Proser reflected on the Metr&#243;polis Audited
Balance Sheet and all accounts receivable of Metr&#243;polis and Proser that have
arisen since the Metr&#243;polis Audited Balance Sheet Date (except such accounts
receivable as have been collected since such date) arose in the ordinary course
of business and are valid and enforceable claims; (b)&nbsp;the goods and
services sold and delivered that gave rise to such accounts receivable were
sold and delivered in material conformity with all applicable express and
implied warranties, purchase orders, agreements, and specifications; and (c)&nbsp;such
accounts receivable of Metr&#243;polis and Proser are subject to no valid defense,
offset, or counterclaim and can be collected in the full amount thereof; <u>provided</u>,
<u>however</u>, that neither Transferor guarantees payment or collection of such
accounts receivable.&#160; Section&nbsp;4.15
of the Metr&#243;polis Disclosure Schedule&nbsp;contains a true, correct, and
complete aging of the accounts receivable of Metr&#243;polis and Proser as of the
date which is no more than 30 days prior to the date of this Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_16_113705"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.16</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Books
and Records</u>.&#160; Metr&#243;polis and Proser
have delivered to VTR true, correct, and complete copies of (a)&nbsp;their
respective <i><font style="font-style:italic;">estatutos
sociales</font></i>, and (b)&nbsp;their respective minute books, share
registers, and other corporate books and registers.&#160; Except as set forth in Section&nbsp;4.16 of
the Metr&#243;polis Disclosure Schedule, (1)&nbsp;all actions taken by Metr&#243;polis
and Proser, including those taken by its officers, directors, and employees, of
the type required to be reflected in its minute books are reflected in
Metr&#243;polis&#146; or Proser&#146;s minute books; and (2)&nbsp;no material action of a type
which would normally appear in a company&#146;s minute books has been taken by
Metr&#243;polis or Proser that has not been otherwise disclosed to VTR.&#160; The minute books of Metr&#243;polis and Proser are
true, correct, and complete.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_17_113709"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.17</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Systems</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>RGUs</u>.&#160; As of the date hereof, Metr&#243;polis owns and
operates Systems that had, in the aggregate, at least 261,200 RGUs as of March&nbsp;31,
2005; <u>provided</u>, <u>however</u>, that neither Transferor guarantees that
the aforementioned RGUs have continued to be customers of Metr&#243;polis after such
date or will continue to be customers of Metr&#243;polis after the execution of this
Agreement.&#160; With respect to such Systems,
Section&nbsp;4.17(a)&nbsp;of the Metr&#243;polis Disclosure Schedule&nbsp;sets forth
(i)&nbsp;the geographic area covered by each System, (ii)&nbsp;the total number
of RGUs of each System, as well as a break-down showing the separate numbers of
Video Cable Subscribers, Video MMDS Subscribers, Internet Subscribers, and
Telephone Subscribers of each System, and (iii)&nbsp;the number of Persons to
whom any Service is provided for no charge or at a reduced charge (other than
normal and customary discounts offered by Metr&#243;polis to its customers in the
ordinary course of its business consistent with past practice) by each System.</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">41</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Plant</u>.&#160; As of the date hereof, and as further
described in Section&nbsp;4.17(b)&nbsp;of the Metr&#243;polis Disclosure Schedule,
Metr&#243;polis owns and operates Systems that had, in the aggregate, as of March&nbsp;31,
2005, (i)&nbsp;fully completed and operational plant of 750 Mhz reaching no
fewer than 927,703 Homes Passed and (ii)&nbsp;plant of 750 Mhz reaching no
fewer than 223,989 Two-Way Homes Passed.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Completion of Construction</u>.&#160; The construction of each System required by
the Licenses held by Metr&#243;polis and Proser, including the make-ready of each
System, has been completed in accordance with the terms thereof.&#160; Except as set forth in Section&nbsp;4.17(c)&nbsp;of
the Metr&#243;polis Disclosure Schedule, (i)&nbsp;no material restoration, repaving,
repair, or other work is required to be made to the buildings, streets,
sidewalks, or adjacent areas under any applicable Law, Contract or otherwise
with respect to any installation of cable plant, cable conduits, curb-cuts, or
other construction of cable plant; (ii)&nbsp;all invoices, bills, and other
statements that have been submitted in connection with the construction of any
of the Systems through the date hereof have been paid in full; and (iii)&nbsp;there
are no material contractual obligations for additional construction of any of
the Systems.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Equipment</u>.&#160; Except as set forth in Section&nbsp;4.17(d)&nbsp;of
the Metr&#243;polis Disclosure Schedule, all of the assets, including Equipment,
owned and leased by Metr&#243;polis or Proser and forming part of each System owned
and operated by Metr&#243;polis or Proser are free from material defects, have been
maintained in accordance with normal industry practice, and are in good
operating condition and repair (subject to normal wear and tear).</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_18_113716"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.18</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Legal
Proceedings</u>.&#160; Except as set forth in Section&nbsp;4.18
of the Metr&#243;polis Disclosure Schedule:</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>there is no Legal Proceeding pending, or to the knowledge of
such Transferor, threatened in writing relating to Metr&#243;polis or Proser, and</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>without limiting the generality of the preceding
clause&nbsp;(a),</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>neither
Metr&#243;polis nor Proser has (A)&nbsp;applied for or consented to the appointment
of, or the taking of possession by, a receiver, custodian, trustee, examiner or
liquidator of itself or of all or a substantial part of its assets, (B)&nbsp;made
a general assignment for the benefit of its creditors, (C)&nbsp;commenced a
voluntary case under any applicable Law relating to bankruptcy or insolvency, (D)&nbsp;filed
a petition seeking to take advantage of any other Law relating to bankruptcy,
insolvency, reorganization, liquidation, dissolution, arrangement or
winding-up, or composition or readjustment of debts, (E)&nbsp;failed to
controvert in a timely and appropriate manner, or acquiesced in writing to, any
petition filed against it in an involuntary case under any applicable Law
relating to bankruptcy</h4>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42</font></p>

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<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">or</font> insolvency, or
(F)&nbsp;taken any corporate action for the purpose of effecting any of the
foregoing,</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>no
proceeding or case has been commenced, without the application or consent of
Metr&#243;polis or Proser, in any court of competent jurisdiction, seeking (A)&nbsp;its
reorganization, liquidation, dissolution, arrangement or winding-up, or the
composition or readjustment of its debts, (B)&nbsp;the appointment of a
receiver, custodian, trustee, examiner, liquidator or the like of Metr&#243;polis or
Proser or of all or any substantial part of their respective assets, or (C)&nbsp;similar
relief in respect of Metr&#243;polis or Proser under any Law relating to bankruptcy,
insolvency, reorganization, winding-up, or composition or adjustment of debts,
and</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>no Judgment for relief against Metr&#243;polis or Proser has been
entered in an involuntary case under any applicable Law relating to bankruptcy
or insolvency.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_19_113724"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.19</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Environmental
Matters</u>.&#160; Each of Metr&#243;polis and
Proser has obtained all environmental, health and safety permits, licenses and
other authorizations required under all applicable Environmental Laws to carry
on its business as now being conducted.&#160;
Each of such permits, licenses and authorizations is in full force and
effect and each of Metr&#243;polis and Proser is in compliance with the terms and
conditions thereof, and is also in compliance with all other limitations,
restrictions, conditions, standards, prohibitions, requirements, obligations,
schedules and timetables contained in any applicable Environmental Law or in
any regulation, code, plan, order, decree, judgment, injunction, notice or
demand letter issued, entered, promulgated or approved thereunder.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_20_113729"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.20</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Powers
of Attorney</u>.&#160; Section&nbsp;4.20 of
the Metr&#243;polis Disclosure Schedule&nbsp;sets forth a brief description of all
outstanding powers of attorney granted by Metr&#243;polis or Proser, which
description includes with respect to each power of attorney the identity of the
grantor, the name of the grantee, the date of grant and the date of the
relevant public deed, if applicable, and the date of expiration, if any.&#160; Section&nbsp;4.20 of the Metr&#243;polis
Disclosure Bundle includes true, correct, and complete copies of all such
powers of attorney.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_21_113734"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.21</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Insurance</u>.&#160; Section&nbsp;4.21 of the Metr&#243;polis
Disclosure Schedule&nbsp;sets forth the following information with respect to
each material insurance policy (including policies providing property,
casualty, liability, and workers&#146; compensation coverage and bond and surety
arrangements) with respect to which Metr&#243;polis or Proser is a party, a named
insured, or otherwise the beneficiary of coverage: (a)&nbsp;the name, address,
and telephone number of the agent; (b)&nbsp;the name of the insurer, the name
of the policyholder, and the name of each covered insured; (c)&nbsp;the policy
number and the period of coverage; (d)&nbsp;the scope and amount of coverage;
and (e)&nbsp;a description of any retroactive premium adjustments or other
material loss-sharing arrangements.&#160; Section&nbsp;4.21
of the Metr&#243;polis Disclosure Bundle includes true, correct, and complete copies
of all such insurance policies.&#160; With
respect to each such insurance policy: (1)&nbsp;the policy is legal, valid,
binding, enforceable in accordance with its terms, and in full force</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">43</font></p>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and effect; (2)&nbsp;neither Metr&#243;polis nor Proser nor any other party
to the policy is in breach or default (including with respect to the payment of
premiums or the giving of notices), and no event has occurred which, with
notice or the lapse of time, would constitute such a breach or default, or
permit termination, modification, or acceleration, under the policy; and (3)&nbsp;no
party to the policy has repudiated any provision thereof.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section4_22_113743"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;4.22</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Information
Furnished</u>.&#160; The information,
financial statements, exhibits and schedules furnished in writing by or on
behalf of the Transferors to VTR in connection with the negotiation,
preparation or delivery of this Agreement and the other Transaction Documents
or included herein or therein or delivered pursuant hereto or thereto
(including the documents included in the Metr&#243;polis Disclosure Bundle), are
true and correct in all material respects.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><a name="ArticleV_113755"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;V</font></b></a><br>
ADDITIONAL REPRESENTATIONS AND WARRANTIES REGARDING VTR AND ITS SUBSIDIARIES</h1>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font style="font-weight:normal;">&nbsp;</font></h1>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR represents
and warrants to the Transferors that the statements contained in this Article&nbsp;V
are correct and complete as of the date of this Agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_1_113750"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.1</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Organization</u>.&#160; VTR is duly qualified or licensed and in good
standing to do business in each jurisdiction in which the property owned,
leased or operated by it or the nature of the business conducted by it makes
such qualification necessary, except where the failure to be so qualified or
licensed and in good standing has not had, and insofar as VTR can reasonably
foresee is not reasonably likely to have, a VTR Material Adverse Effect.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_2_113800"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.2</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Capitalization</u>.&#160; As of the date hereof, the share capital of
VTR is $497,827,237,703 Chilean Pesos, divided into 57,191,798 registered
shares, all in a single series, with no preference, all of which are issued and
outstanding.&#160; All of the issued and
outstanding shares of VTR Stock are set forth on Schedule&nbsp;A, and the
information set forth therein is true, correct, and complete.&#160; All of such issued and outstanding shares are
duly authorized, validly issued, and, upon execution by CCC and VTR of the CCC
Subscription and Transfer Agreement, will be fully paid, and include all voting
and dividend rights and interests in respect of capital, and corporate funds of
any kind, purpose, or denomination, such as reserve, revaluation, credit,
profit, and dividend funds, whether accumulated or not, that have not been
distributed.&#160; Except as set forth in Section&nbsp;5.2
of the VTR Disclosure Schedule, there are no other issued or outstanding share
capital, subscriptions, options, warrants, puts, calls, trusts (voting or
otherwise), rights, exchangeable or convertible securities, or other commitments
or agreements of any nature relating to the share capital or other securities
of or ownership interests in VTR or obligating VTR, at any time or upon the
happening of any event, to issue, transfer, deliver, sell, repurchase, redeem,
or otherwise acquire, or cause to be issued, transferred, delivered, sold,
repurchased, redeemed, or otherwise acquired, any of its share capital, other
securities, or ownership interests or any phantom shares, phantom equity
interests, or stock or equity appreciation rights, or other ownership interests
in VTR or obligating VTR to grant, extend, or enter into any such subscription,
option, warrant, put, call, trust, right, exchangeable or convertible security,
commitment, or agreement.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">44</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_3_113806"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.3</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Subsidiaries</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;5.3(a)&nbsp;of the VTR Disclosure Schedule&nbsp;(i)&nbsp;lists
the name and jurisdiction of organization of each Subsidiary of VTR, and (ii)&nbsp;describes
the number and kind of authorized and issued and outstanding equity interests
or securities, including interests or securities convertible into or
exchangeable or exercisable for any equity interest or security, in each
Subsidiary of VTR (each a &#147;<u>VTR Investment</u>&#148;).&#160; Except as set forth in Section&nbsp;5.3(a)&nbsp;of
the VTR Disclosure Schedule, all VTR Investments are duly authorized, validly
issued, and fully paid.&#160; VTR or the
applicable Subsidiary thereof has good and valid title to the VTR Investments,
free and clear of all material Liens and Restrictions, other than (1)&nbsp;Permitted
Liens, (2)&nbsp;Liens and Restrictions imposed by or pursuant to the VTR Credit
Agreement, (3)&nbsp;as set forth in Section&nbsp;5.3(a)&nbsp;of the VTR
Disclosure Schedule, (4)&nbsp;as may have been created by this Agreement or any
of the other Transaction Documents, or (5)&nbsp;as imposed by the Governing
Documents of VTR or the applicable Subsidiary generally on all shares of VTR
Stock or all shares of the applicable Subsidiary.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as set forth in Section&nbsp;5.3(a)&nbsp;of the VTR
Disclosure Schedule, there are no other issued or outstanding equity interests
or securities of any Subsidiary of VTR, subscriptions, options, warrants, puts,
calls, trusts (voting or otherwise), rights, exchangeable or convertible
securities, or other commitments or agreements of any nature relating to the share
capital or other securities or ownership interests of any Subsidiary of VTR or
obligating any Subsidiary of VTR, at any time or upon the happening of any
event, to issue, transfer, deliver, sell, repurchase, redeem, or otherwise
acquire, or cause to be issued, transferred, delivered, sold, repurchased,
redeemed, or otherwise acquired, any share capital or other securities or
ownership interests of any Subsidiary of VTR, or any phantom shares, phantom
equity interests, or stock or equity appreciation rights, or other ownership
interests of any Subsidiary of VTR or obligating any Subsidiary of VTR to
grant, extend, or enter into any such subscription, option, warrant, put, call,
trust, right, exchangeable or convertible security, commitment, or agreement.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except as set forth in Section&nbsp;5.3(c)&nbsp;of VTR
Disclosure Schedule, each Subsidiary of VTR (i)&nbsp;is duly organized, validly
existing, and in good standing under the laws of the jurisdiction of its
organization, (ii)&nbsp;has all requisite corporate or other Entity power and
authority to own, lease, and operate its properties and to carry on its
business as it is now being conducted, and (iii)&nbsp;is duly qualified to do
business and is in good standing in each jurisdiction in which the properties
owned, leased, or operated by it, or the nature of its activities make such
qualification necessary.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_4_113811"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.4</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Financial
Statements; No Undisclosed Liabilities; Net Debt</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR has delivered to each Transferor (i)&nbsp;the audited
consolidated balance sheets (the &#147;<u>VTR Audited Balance Sheets</u>&#148;) of VTR
and its Subsidiaries as of December&nbsp;31, 2003 and 2004 (the latter date,
the &#147;<u>VTR Audited Balance Sheet Date</u>&#148;), (ii)&nbsp;the unaudited
consolidated balance sheet (the &#147;<u>VTR Unaudited Balance Sheet</u>&#148;) of VTR
and</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">45</font></p>

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<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">its Subsidiaries as of March&nbsp;31, 2005
(the &#147;<u>VTR Unaudited Balance Sheet Date</u>&#148;), (iii)&nbsp;the audited
consolidated statement of income and cash flows of VTR and its Subsidiaries for
the fiscal years ended on December&nbsp;31, 2003 and 2004, and (iv)&nbsp;the
unaudited consolidated statement of income and cash flows of VTR and its
Subsidiaries for the period beginning on the first day of the fiscal year in
which the VTR Unaudited Balance Sheet Date falls and ending on the VTR
Unaudited Balance Sheet Date (the financial statements described in this
sentence, collectively, the &#147;<u>VTR Financial Statements</u>&#148;).</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except (i)&nbsp;as set forth in Section&nbsp;5.4(b)&nbsp;of
the VTR Disclosure Schedule, (ii)&nbsp;as described in the notes to the VTR
Financial Statements, (iii)&nbsp;to the extent that the unaudited interim
statements do not include footnotes and other presentation items as required by
GAAP, and (iv)&nbsp;in the case of the unaudited statements, for normal,
year-end adjustments (which will not be material individually or in the
aggregate), the VTR Financial Statements have been prepared in accordance with
GAAP applied on a consistent basis and fairly present the financial condition
and results of operations and cash flows of VTR and its Subsidiaries as of the
respective dates thereof and for the respective periods indicated therein.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Except for (i)&nbsp;any liabilities set forth in Section&nbsp;5.4(c)&nbsp;of
the VTR Disclosure Schedule, (ii)&nbsp;liabilities set forth or provided for on
the VTR Audited Balance Sheet (including liabilities the amounts of which are
set forth numerically in the notes thereto), (iii)&nbsp;liabilities that have
arisen after the VTR Audited Balance Sheet Date in the ordinary course of
business consistent with past practice, and (iv)&nbsp;liabilities under the
Contracts made available to CCC during its due diligence process to the extent
that the existence of such liabilities is reasonably ascertainable solely by
reference to such Contracts, neither VTR nor any of its Subsidiaries has any
material liability (whether known or unknown, whether asserted or unasserted,
whether absolute or contingent, whether accrued or unaccrued, whether
liquidated or unliquidated, and whether due or to become due, including any
liability for Taxes).</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Since the VTR Audited Balance Sheet Date, no event has
occurred and no condition exists that, individually or together with other
events and conditions has had, or insofar as VTR can reasonably foresee is
reasonably likely to have, a VTR Material Adverse Effect.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Net Debt of VTR and its Subsidiaries on a consolidated
basis (excluding all obligations of Metropolis and Proser) immediately
following the Closing (including the amount under the DPP Obligation) will not
exceed US$250,000,000.00 (or its equivalent in Chilean Pesos as of the date
that is two Business Days prior to the date hereof).&#160; Without limiting the generality of the
preceding sentence, Section&nbsp;5.4(e)&nbsp;of the VTR Disclosure Schedule&nbsp;sets
forth the aggregate amounts of Indebtedness (including a breakdown and
description of the items under clauses (a)&nbsp;through (g)&nbsp;of the
definition thereof), cash, and cash equivalents used by VTR in calculating such
Net Debt.</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">46</font></p>

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<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_5_113822"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.5</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Real
Property</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR or one of its Subsidiaries validly owns and has good and
marketable title to all VTR Owned Real Property and the right, enforceable
against the relevant owners, to use all VTR Leased Real Property as such VTR
Leased Real Property is currently being used, in each case free and clear of
all Liens, except (i)&nbsp;Permitted Liens, (ii)&nbsp;such Liens as are set
forth in Section&nbsp;5.5(a)&nbsp;of the VTR Disclosure Schedule, or (iii)&nbsp;where
a failure to have such good and marketable title or such right to use has not
had, and insofar as VTR can reasonably foresee is not reasonably likely to
have, a VTR Material Adverse Effect.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Neither VTR nor any of its Subsidiaries has received written
notice of any condemnation, expropriation or other proceeding in eminent domain
affecting any VTR Owned Real Property or VTR Leased Real Property or any
portion of or interest in any of the foregoing that has had, or insofar as VTR
can reasonably foresee is reasonably likely to have, a VTR Material Adverse
Effect.&#160; There is no Judgment
outstanding, nor any Legal Proceedings pending or, to the knowledge of VTR,
threatened, relating to the ownership, lease, use, or occupancy of any VTR
Owned Real Property or VTR Leased Real Property or any portion of any of the
foregoing that has had, or insofar as VTR can reasonably foresee is reasonably
likely to have, a VTR Material Adverse Effect.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_6_113827"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.6</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Assets</u>.&#160; Except as set forth in Section&nbsp;5.6 of
the VTR Disclosure Schedule, and except for such exceptions as have not had,
and insofar as VTR can reasonably foresee are not reasonably likely to have, a
VTR Material Adverse Effect, (a)&nbsp;the assets (including buildings,
equipment and other tangible assets) owned or leased by VTR and its
Subsidiaries are suitable and adequate for the conduct of their respective
businesses, and (b)&nbsp;VTR or its applicable Subsidiary has good and valid
title to or valid leasehold or other contractual interests in all such assets
that are material to its business, free and clear of all Liens (other than
Permitted Liens) and Restrictions (other than Restrictions created by this
Agreement or any of the other Transaction Documents).</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_7_113836"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.7</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Intangible
Property</u>.&#160; Except as set forth
in Section&nbsp;5.7 of the VTR Disclosure Schedule, and except for such
exceptions as have not had, and insofar as VTR can reasonably foresee are not
reasonably likely to have, a VTR Material Adverse Effect, (a)&nbsp;either VTR
or one of its Subsidiaries owns, and possesses legally enforceable rights to
use, execute, reproduce, display, perform, modify, enhance, distribute, prepare
derivative works of, and sublicense, without payment to any other Person, all
such Intellectual Property that is owned by VTR or one of its Subsidiaries (&#147;<u>VTR
Owned Intellectual Property</u>&#148;) and that is material to the business of VTR
or one of its Subsidiaries as currently conducted; (b)&nbsp;either VTR or one
of its Subsidiaries is licensed or otherwise possesses legally enforceable
rights to use all such Intellectual Property that is not owned by VTR or one of
its Subsidiaries (&#147;<u>VTR Licensed Intellectual Property</u>&#148;) and that is
material to the business of VTR or one of its Subsidiaries as currently
conducted; and (c)&nbsp;during the past two years, neither VTR nor any of its
Subsidiaries has received any written communication from any Person asserting
any ownership interest in any VTR Owned Intellectual Property or claiming any
infringement by any VTR Owned Intellectual Property or VTR Licensed
Intellectual Property.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47</font></p>

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<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_8_113842"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.8</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Contracts</u>.&#160; Except as set forth in Section&nbsp;5.8 of
the VTR Disclosure Schedule, and except for such exceptions as have not had,
and insofar as VTR can reasonably foresee are not reasonably likely to have, a
VTR Material Adverse Effect, all material Contracts to which VTR or any of its
Subsidiaries is a party or by which any of their respective assets are bound
are valid, binding, and in full force and effect and are enforceable by VTR or
its applicable Subsidiary in accordance with their respective terms, except as
such enforceability may be affected by applicable bankruptcy, reorganization,
insolvency, moratorium, or similar Laws affecting creditors&#146; rights generally.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_9_113845"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.9</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Legal
Compliance</u>.&#160; Each of VTR and
its Subsidiaries is in compliance with all Laws, regulations and orders of any
Governmental Authority applicable to it or its properties, including all
applicable Environmental Laws, and has all Licenses that are required to
operate its business as currently conducted, in each case except as set forth
in Section&nbsp;5.9 of the VTR Disclosure Schedule&nbsp;or where the failure to
do so has not had, and insofar as VTR can reasonably foresee is not reasonably
likely to have, a VTR Material Adverse Effect.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_10_113850"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.10</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Taxes</u>.&#160; Each of VTR
and its Subsidiaries has timely filed or caused to be filed all Tax Returns
required to have been filed and has paid or caused to be paid all Taxes shown
as due and payable on such Tax Returns, except (a)&nbsp;Taxes that are being
contested in good faith by appropriate proceedings and for which VTR or such
Subsidiary, as applicable, has set aside on its books adequate reserves, (b)&nbsp;as
set forth in Section&nbsp;5.10 of the VTR Disclosure Schedule, or (c)&nbsp;to the extent that the failure to do so has
not had, and insofar as VTR can reasonably foresee is not reasonably
likely to have, a VTR Material Adverse Effect.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_11_113855"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.11</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Systems</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>RGUs</u>.&#160; As of the date hereof, VTR and its
Subsidiaries own and operate Systems that had, in the aggregate, at least
1,004,800 RGUs as of December&nbsp;31, 2004; <u>provided</u>, <u>however</u>,
that VTR does not guarantee that the aforementioned RGUs have continued to be
customers of VTR after such date or will continue to be customers of VTR after
the execution of this Agreement.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Plant</u>.&#160; As of the date hereof, VTR and its
Subsidiaries own and operate Systems that had, in the aggregate, as of December&nbsp;31,
2004, (i)&nbsp;fully completed and operational plant of 750 Mhz reaching no
fewer than 1,793,900 Homes Passed and (ii)&nbsp;plant of 750 Mhz reaching no
fewer than 1,070,700 Two-Way Homes Passed.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_12_113859"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.12</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Legal
Proceedings</u>.&#160;
Except as set forth in Section&nbsp;5.12 of the VTR Disclosure
Schedule, there is no Legal Proceeding pending,
or to VTR&#146;s knowledge, threatened in writing against or affecting VTR or any of
its Subsidiaries that has had or that, if determined adversely to VTR or such
Subsidiary, insofar as VTR can reasonably foresee is reasonably likely to have,
a VTR Material Adverse Effect.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section5_13_113904"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;5.13</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Information
Furnished</u>.&#160; The information,
financial statements, exhibits and schedules furnished in writing by or on behalf
of VTR to any of the Transferors in connection with the negotiation,
preparation or delivery of this Agreement and the other</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">48</font></p>

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</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transaction Documents or included herein or therein or delivered
pursuant hereto or thereto, are true and correct in all material respects.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><a name="ArticleVi_113912"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;VI</font></b></a><br>
COVENANTS</h1>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font style="font-weight:normal;">&nbsp;</font></h1>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section6_1_113917"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;6.1</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Confidentiality;
Publicity</u>.&#160; In the
Shareholders Agreement, VTR and CCC have entered into certain agreements
regarding the subject matter of this Section&nbsp;6.1.&#160; In addition, the Parties hereby agree as
follows:</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Uno must keep confidential, must cause its Affiliates (but
not including UGC or any of its Subsidiaries) to keep confidential, and must
instruct its officers, directors, employees, and advisors to keep confidential,
all material information relating to VTR or any of its Subsidiaries (including,
after the Closing, Metr&#243;polis and Proser), except (i)&nbsp;as required by
applicable securities or other Laws or stock exchange rules&nbsp;or
administrative process, and (ii)&nbsp;for information that is or becomes
generally available to the public other than as a result of a breach of this Section&nbsp;6.1(a)&nbsp;(such
information, subject to clauses (i)&nbsp;and (ii), &#147;<u>Confidential VTR
Information</u>&#148;).&#160; VTR acknowledges and
agrees that Uno may have received from Bitr&#225;n and Asociados any and all
information provided to Bitr&#225;n and Asociados under the Nondisclosure Agreement
that is Confidential VTR Information and Uno&#146;s obligations in respect to such
information will be governed by the provisions of this Agreement, which will
control and supersede in all respects the provisions of the Nondisclosure
Agreement.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Transferors acknowledge and agree, and have caused
Metr&#243;polis to acknowledge and agree on the date hereof, that VTR may have received
from ULA any and all information provided to ULA under the Metr&#243;polis
Confidentiality Agreements, and VTR&#146;s obligations in respect to such
information will be governed by the provisions of this Agreement, which
controls and supersedes in all respects the provisions of the Metr&#243;polis
Confidentiality Agreements.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Uno will not make any public comment or public announcement,
or issue any press release, with respect to this Agreement or the transactions
contemplated hereby except as may be mutually agreed to in writing by the other
Parties; <u>provided</u>, <u>however</u>, that notwithstanding the foregoing,
Uno will be permitted, upon prior written notice to the other Parties, to make
such disclosures as its counsel deems necessary or advisable to maintain compliance
with, or to prevent violation of, applicable securities or other Laws or stock
exchange rules.&#160; Except to the extent
deemed necessary or advisable by counsel to maintain compliance with, or to
prevent violation of, applicable securities or other Laws or stock exchange
rules, Uno must keep the provisions of this Agreement and the other Transaction
Documents confidential and will disclose their contents only (i)&nbsp;to those
lenders, investors, partners, shareholders, directors, officers, employees, and
agents who need to know such information for purposes of its businesses and the
transactions contemplated hereby, and (ii)&nbsp;to Governmental Authorities and
third parties for purposes of obtaining approvals for the transactions
contemplated hereby.</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">49</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section6_2_113923"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;6.2</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Expenses</u>.&#160; Except as otherwise specifically provided
herein, all costs and expenses incurred in connection with this Agreement, the
other Transaction Documents, and the transactions contemplated hereby and
thereby must be paid by the Party incurring such expense.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section6_3_113926"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;6.3</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Tax
Matters</u>.&#160; The provisions set forth in
Schedule&nbsp;C (&#147;Tax Matters&#148;) will govern the Parties&#146; rights and obligations
with respect to the certain Tax matters set forth therein.&#160; In addition, the relevant parties (that is,
in each case, the applicable obligor and obligee) currently intend to, and will
at all times after the date of this Agreement, treat (or in the case of CCC,
cause CCInversiones to treat) the DPP Obligation, the VTR Loan, the CCC Debt
DPPO, and the Uno Debt DPPO as indebtedness for applicable U.S. federal income
tax purposes.&#160; For purposes of
clarification only, to CCC&#146;s knowledge neither it nor CCInversiones is subject
to U.S. federal income tax.&#160; The relevant
Parties (that is, in each case, the applicable obligor and obligee) also agree
that the DPP Obligation, the VTR Loan, and the Uno Debt DPPO, will not bear
interest, except to the extent that interest may be imputed pursuant to U.S.
federal income tax rules&nbsp;or to the extent that interest may be charged in
the event of default.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section6_4_113930"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;6.4</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Litigation
Support</u>.&#160; In the event and for
so long as any Person is contesting or defending against any Legal Proceeding
in connection with (a)&nbsp;any transaction contemplated by this Agreement or (b)&nbsp;any
fact, situation, circumstance, status, condition, activity, practice, plan,
occurrence, event, incident, action, failure to act, or transaction on or prior
to the Closing involving Metr&#243;polis or Proser, each of the other Parties must use
its commercially reasonable efforts to cooperate with it and its counsel in
such contest or defense, make available their personnel, and provide such
testimony and access to their books and records as may be necessary in
connection with such contest or defense, all at the sole cost and expense of
the contesting or defending Party (unless the contesting or defending Party is
entitled to indemnification therefor under Article&nbsp;VIII).</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section6_5_113934"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;6.5</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Transition</u>.&#160; None of the Transferors will take any action
that is designed or intended to have the effect of discouraging any lessor,
licensor, customer, supplier, or other business associate of Metr&#243;polis or
Proser from maintaining the same business relationships with Metr&#243;polis and
Proser after the Closing as it maintained with Metr&#243;polis and Proser prior to
the Closing; <u>provided</u>, <u>however</u>, that no action required by the
Antitrust Resolution will constitute a violation of this Section&nbsp;6.5.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section6_6_113944"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;6.6</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>VTR
Capital Increase and Issuance of VTR Stock</u>.&#160; The general shareholders meeting of VTR has
approved a capital increase to permit VTR to issue and deliver to CCC such
number of new shares of VTR Stock to enable VTR to comply with Section&nbsp;2.4(c)(i)&nbsp;(the
&#147;<u>VTR Capital Increase</u>&#148;).&#160; The VTR
Capital Increase will comply with all applicable registration, publication and
other requirements of VTR&#146;s Governing Documents and applicable Law, and as
promptly as practicable thereafter VTR will deliver to CCC copies of the
documents evidencing the VTR Capital Increase.&#160;
VTR has issued in the name of CCC shares of VTR Stock equal to 20% of
the outstanding share capital of VTR immediately after the Closing (for
purposes of determining such 20%, assuming the full payment of all outstanding
subscriptions, the exercise of all outstanding options and warrants, the
exercise of all outstanding rights to acquire share capital, and the conversion
of all outstanding convertible securities, in each case if any), which shares
of VTR Stock are free and clear of all Liens and Restrictions</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">other</font> than Liens
or Restrictions (a)&nbsp;created by this Agreement or any of the other
Transaction Documents, (b)&nbsp;imposed by the Governing Documents of VTR
generally on all shares of VTR Stock, or (c)&nbsp;Preemptive Rights pursuant to
the Corporations Law.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section6_7_113952"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;6.7</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>VTR
Loan</u>.&#160; As promptly as
practicable following the date hereof, VTR will borrow funds (the &#147;<u>VTR Loan</u>&#148;)
from UGC, one or more of its Subsidiaries, or any other lender that may not be
a Subsidiary of UGC, and will promptly thereafter use such funds to pay the VTR
Capital Reduction Debt.&#160; VTR&#146;s obligation
to repay the VTR Loan will be represented by one or more promissory notes
payable in Dollars, on terms and conditions substantially similar to the DPP
Obligation, and the exchange rate used to determine the Dollar amount of the
VTR Loan will be the same as the exchange rate used to determine the amount
payable to CCInversiones pursuant to the CCC Debt DPPO and the amount payable
to Uno pursuant to the Uno Debt DPPO.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section6_8_113957"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;6.8</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Further
Assurances</u>.&#160; From time to time, as
and when requested by any Party, the other Parties must execute and deliver, or
cause to be executed and delivered, all such documents and instruments, and
must take, or cause to be taken, all such further or other actions, as the
requesting Party may reasonably deem necessary or desirable to consummate the
transactions contemplated by this Agreement, including executing and delivering
such assignments, deeds, bills of sale, consents, and other instruments the
requesting Party may reasonably request as necessary or desirable for such
purpose.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><a name="ArticleVii_114001"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;VII</font></b></a><br>
CONDITIONS TO CLOSING</h1>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font style="font-weight:normal;">&nbsp;</font></h1>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On or prior to
the date hereof, each of the following is occurring or has occurred:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_1_114007"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.1</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Opinions
of Counsel</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>CCC has received (i)&nbsp;the opinion of Carey y C&#237;a. Ltda., counsel to VTR, and (ii)&nbsp;the opinion of Holme
Roberts&nbsp;&amp; Owen LLP, counsel to UGC, in each case dated the date hereof
and in form and substance satisfactory to CCC in its reasonable discretion.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Uno has received the opinion of Carey y C&#237;a. Ltda., counsel to VTR, dated the date hereof and in form and
substance satisfactory to Uno in its reasonable discretion.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR has received (i)&nbsp;the opinion of Carey y C&#237;a. Ltda.,
counsel to VTR, stating that UGC and its Subsidiaries will be entitled to rely
upon such opinion, (ii)&nbsp;the opinion of Barros, Court&nbsp;&amp; Correa,
counsel to Uno, and stating that UGC, United Chile, and United Chile Ventures
will be entitled to rely upon such opinion, and (iii)&nbsp;the opinions of
Claro y C&#237;a., counsel to CCC, and Vial y Palma, counsel to Metr&#243;polis and
Proser, and in each case stating that UGC, United Chile, and United Chile
Ventures will be entitled to rely upon such opinion, in each case dated the
date hereof and in form and substance satisfactory to VTR in its reasonable
discretion.</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_2_114013"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.2</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>[Intentionally
Omitted]</u></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">51</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_3_114019"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.3</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Certified
Governing Documents</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR has delivered to CCC and Uno copies of each of the public
deeds evidencing the Governing Documents of VTR, duly certified by a notary
public under Chilean Law, together with certified copies of the publication and
registration of extracts of all such public deeds in the Official Gazette and
the Registry of Commerce, on or soon before the date hereof.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each of CCC and Uno has delivered to VTR copies of each of
the public deeds evidencing the Governing Documents of CCC and Uno,
respectively, in each case duly certified by a notary public under Chilean Law,
together with certified copies of the publication and registration of extracts
of all such public deeds in the Official Gazette and the Registry of Commerce,
on or soon before the date hereof.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>CCC has delivered to VTR copies of each of the public deeds
evidencing the Governing Documents of each of Metr&#243;polis and Proser, in each
case duly certified by a notary public under Chilean Law, together with
certified copies of the publication and registration of extracts of all such
public deeds in the Official Gazette and the Registry of Commerce, on or soon
before the date hereof.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_4_114024"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.4</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Good
Standing Certificates</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR has delivered to CCC and Uno a copy of the registration
of VTR in the Registry of Commerce with a certificate of good standing (<i><font style="font-style:italic;">copia de inscripci&#243;n con </font></i><i><font style="font-style:italic;">certificado
de vigencia</font></i>)
issued on or soon before the date hereof by the <i><font style="font-style:italic;">Conservador
de Bienes Ra&#237;ces y de Comercio</font></i>.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each of CCC and Uno has delivered to VTR a copy of the
registration of CCC and Uno, respectively, in the Registry of Commerce with a
certificate of good standing (<i><font style="font-style:italic;">copia de inscripci&#243;n con </font></i><i><font style="font-style:italic;">certificado de vigencia</font></i>) issued on or soon before the date hereof by the <i><font style="font-style:italic;">Conservador de Bienes Ra&#237;ces y de Comercio</font></i>.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>CCC has delivered to VTR a copy of the registration of each of
Metr&#243;polis, and Proser in the Registry of Commerce, in each case with a
certificate of good standing (<i><font style="font-style:italic;">copia de inscripci&#243;n con </font></i><i><font style="font-style:italic;">certificado de vigencia</font></i>) issued on or soon before the date hereof by the <i><font style="font-style:italic;">Conservador de Bienes Ra&#237;ces y de Comercio</font></i>.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_5_114029"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.5</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Officer
Certificates</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR has delivered to CCC and Uno a certificate of the Chief
Financial Officer of VTR, dated the date hereof, in form and substance
reasonably satisfactory to CCC and Uno, as to (i)&nbsp;no amendments to the
Governing Documents of VTR since the date specified in Section&nbsp;7.3(a); (ii)&nbsp;the
resolutions of the board of directors (or a duly authorized committee thereof)
of VTR authorizing the execution, delivery, and performance of this Agreement
and the transactions contemplated hereby; and (iii)&nbsp;incumbency and
signatures of the officers of VTR executing this Agreement, the other
Transaction Documents and any other agreements contemplated by this Agreement.</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">52</font></p>

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</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each of CCC and Uno has delivered to VTR a certificate of an
officer of CCC and Uno, respectively, dated the date hereof, in form and
substance reasonably satisfactory to VTR, as to (i)&nbsp;no amendments to the
Governing Documents of CCC and Uno, respectively, since the respective dates
specified in Section&nbsp;7.3(b); (ii)&nbsp;the resolutions of the board of
directors (or a duly authorized committee thereof) of CCC and Uno,
respectively, authorizing the execution, delivery, and performance of this
Agreement and the transactions contemplated hereby; and (iii)&nbsp;incumbency
and signatures of the officers of CCC and Uno, respectively, executing this
Agreement, the other Transaction Documents and any other agreements
contemplated by this Agreement.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>CCC has delivered to VTR a certificate of an officer of each
of Metr&#243;polis and Proser, dated the date hereof, in form and substance
reasonably satisfactory to VTR, as to (i)&nbsp;no amendments to the Governing
Documents of Metr&#243;polis and Proser, respectively, since the date specified in Section&nbsp;7.3(c);
(ii)&nbsp;any resolutions of the board of directors (or a duly authorized
committee thereof) of Metr&#243;polis and Proser, respectively, relating to this
Agreement, the other Transaction Documents and the transactions contemplated
hereby; and (iii)&nbsp;incumbency and signatures of any officers of Metr&#243;polis
and Proser, respectively, executing this Agreement, the other Transaction
Documents and any other agreements contemplated by this Agreement.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_6_114037"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.6</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Board
Approvals</u>.&#160; This Agreement, the other
applicable Transaction Documents, their execution and delivery, and the
transactions contemplated hereby and thereby, have been approved by VTR&#146;s board
of directors and the special committee of UGC&#146;s board of directors and to the
extent any of such approvals are subject to the satisfaction or waiver of any
conditions, such conditions have been satisfied or waived.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_7_114040"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.7</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Fairness
Opinion</u>.&#160; In connection with
its consideration of this Agreement, the other applicable Transaction
Documents, and the transactions contemplated hereby and thereby, the applicable
special committee of UGC&#146;s board of directors has received a written favorable
opinion as to the fairness of such transactions to UGC from a financial point
of view from an independent investment banking firm in the U.S.A. and other
appropriate comfort letters, in form and substance satisfactory to such
committee in its sole discretion.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_8_114045"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.8</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Miscellaneous
Closing Deliveries</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each of the items described as being delivered by CCC
pursuant to Section&nbsp;2.4(a)&nbsp;has been delivered.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each of the items described as being delivered by Uno
pursuant to Section&nbsp;2.4(b)&nbsp;has been delivered.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each of the items described as being delivered by VTR
pursuant to Section&nbsp;2.4(c)&nbsp;has been delivered.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_9_114051"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.9</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Dissolutions
and Liquidations</u>.&#160; CCC and Uno
have caused Cordillera Comunicaciones Holding Limitada and its Subsidiary
Cordillera Comunicaciones Limitada to be dissolved and liquidated and the
shares of Metr&#243;polis Stock that were owned by Cordillera</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">53</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Comunicaciones Holding Limitada and its Subsidiary Cordillera
Comunicaciones Limitada to be distributed one half to CristalChile
Comunicaciones S.A. and one half to Uno, and have delivered to VTR evidence of
such dissolutions, liquidations, and distributions of shares, in each case
satisfactory to VTR in its reasonable discretion.&#160; CCC has caused CristalChile Comunicaciones
S.A. to be dissolved and CCC succeeded it in its ownship of the share capital
of Metr&#243;polis and Proser owned by it, and CCC has delivered to VTR evidence of
such dissolution and succession, in each case satisfactory to VTR in its
reasonable discretion.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_10_114055"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.10</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>[Intentionally
Omitted]</u></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_11_114100"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.11</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Metr&#243;polis/CCC
Shareholder Debt</u>.&#160;
Simultaneously with the execution and delivery of this Agreement by the
Parties, CCC and CCInversiones are entering into an agreement pursuant to which
the Metr&#243;polis/CCC Shareholder Debt is being assigned by CCC to CCInversiones,
and (b)&nbsp;CCInversiones and VTR are entering into the CCC Debt DPPO.&#160; CCC is delivering to VTR evidence that all of
the foregoing have occurred, in each case satisfactory
to VTR in its reasonable discretion.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_12_114103"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.12</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Metr&#243;polis/Uno
Shareholder Debt</u>.&#160;
Simultaneously with the execution and delivery of this Agreement by the
Parties, Uno and VTR are entering into the Uno Debt DPPO.&#160; Uno is delivering to VTR evidence that all of
the foregoing have occurred, in each case satisfactory
to VTR in its reasonable discretion.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_13_114107"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.13</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>VTR
Credit Agreement</u>.&#160; On or prior
to the date hereof, VTR has entered into the VTR Credit Agreement and drawn
funds thereunder, a portion of which funds are being paid to the lenders under
the Metr&#243;polis Credit Agreement in connection with such lenders&#146; assignment, to
the lenders under the VTR Credit Agreement, of their rights under the
Metr&#243;polis Credit Agreement to receive the principal of and interest on, and
all other amounts owing in respect of, the Indebtedness under the Metr&#243;polis
Credit Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_14_114113"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.14</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Metr&#243;polis
Credit Agreement</u>.&#160;
Simultaneously with the execution and delivery of this Agreement by the
Parties, (a)&nbsp;all of the rights of the lenders under the Metr&#243;polis Credit
Agreement to receive the principal of and interest on, and all other amounts
owing in respect of, the Indebtedness under the Metr&#243;polis Credit Agreement are
being assigned by such lenders to the lenders under the VTR Credit Agreement,
and such Indebtedness is then being novated pursuant to the VTR Credit
Agreement in favor of the lenders under the VTR Credit Agreement; (b)&nbsp;the
terms of the Metr&#243;polis Credit Agreement are being amended and restated
pursuant to the VTR Credit Agreement; and (c)&nbsp;all guarantees, Liens, and
Restrictions affecting Metr&#243;polis, Proser, or any of their respective assets
pursuant to or in connection with the Metr&#243;polis Credit Agreement are being
assigned by the lenders under the Metr&#243;polis Credit Agreement to the lenders
under the VTR Credit Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section7_15_114117"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;7.15</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Consents,
Approvals, Waivers, Notices, and Filings</u>.&#160; One or more of Uno, CCC, VTR, and Metr&#243;polis,
as the case may be, have obtained all consents, approvals, and waivers of,
given all notices to, and made all Filings with each Governmental Authority and
other third parties identified on a Disclosure Schedule&nbsp;or otherwise
required in connection with the consummation of the transactions contemplated
hereby and by the other Transaction</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">54</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Documents, the failure of which to be obtained, given, or made would
reasonably be expected to have an Uno Material Adverse Effect, a CCC Material
Adverse Effect, a Metr&#243;polis Material Adverse Effect, or a VTR Material Adverse
Effect, and all such consents, approvals, waivers, notices, and Filings are in
full force and effect.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><a name="Articleviii_114122"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;VIII</font></b></a><br>
INDEMNIFICATION</h1>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font style="font-weight:normal;">&nbsp;</font></h1>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section8_1_114127"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;8.1</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Survival
of Representations, Warranties, and Covenants</u>.&#160; All representations and warranties contained
in this Agreement will survive the execution and delivery hereof and the
Closing hereunder and continue in full force and effect for 18 months after the
date hereof; <u>provided</u>, <u>however</u>, that all of the representations
and warranties contained in Article&nbsp;III (&#147;Transaction Representations and
Warranties&#148;), Section&nbsp;4.2 (&#147;Capitalization&#148;), Section&nbsp;4.11 (&#147;Employee
Benefit Plans&#148;), Section&nbsp;4.12 (&#147;Employees&#148;), Section&nbsp;4.14 (&#147;Taxes&#148;), Schedule&nbsp;B
(&#147;Metr&#243;polis Taxes&#148;), Section&nbsp;5.2 (&#147;Capitalization&#148;), and Section&nbsp;5.10
(&#147;Taxes&#148;) will survive the execution and delivery hereof and the Closing
hereunder and continue in full force and effect until the expiration of the
applicable statutes of limitations.&#160; The
covenants and agreements made by each Party in this Agreement will survive the
Closing without limitation (except pursuant to their terms).&#160; Any representation, warranty, or covenant
that is the subject of a claim or dispute asserted in writing prior to the
expiration of the applicable of the above-stated periods will survive with
respect to such claim or dispute until the final resolution thereof.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section8_2_114131"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;8.2</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Indemnification
by Uno</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Subject to VTR (on its own behalf or on behalf of any other
VTR Indemnified Party) making a written claim for indemnification against Uno
pursuant to Section&nbsp;9.5 within the survival period (if there is an
applicable survival period pursuant to Section&nbsp;8.1), and subject to the
limitations set forth in Section&nbsp;8.6, Uno must indemnify and hold VTR, and
its directors, officers, employees, Affiliates (but including only those
Affiliates consisting of UGC and its Subsidiaries), successors, and assigns
(collectively, &#147;<u>VTR Indemnified Parties</u>,&#148; and individually, a &#147;<u>VTR
Indemnified Party</u>&#148;) harmless from and against any and all Losses any VTR
Indemnified Party may suffer (including Losses a VTR Indemnified Party may
suffer after the end of any applicable survival period) arising out of, in the
nature of, incident or relating to, resulting from, or caused by any inaccuracy
in or any breach of any representation or warranty of Uno in this Agreement or
in any certificate delivered by or on behalf of Uno pursuant to this Agreement
(except for the representations and warranties in Section&nbsp;3.1 (&#147;Transferor
Representations and Warranties&#148;), Section&nbsp;4.2 (&#147;Capitalization&#148;), Section&nbsp;4.14
(&#147;Taxes&#148;), and Schedule&nbsp;B (&#147;Metr&#243;polis Taxes&#148;), which are covered by Section&nbsp;8.2(b)).</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Subject to VTR (on its own behalf or on behalf of any other
VTR Indemnified Party) making a written claim for indemnification against Uno
pursuant to Section&nbsp;9.5 within the survival period (if there is an
applicable survival period pursuant to Section&nbsp;8.1), Uno must indemnify
and hold any and all of the VTR Indemnified Parties harmless from and against
any and all Losses any VTR Indemnified Party may suffer (including Losses a VTR
Indemnified Party may suffer after the end of any applicable</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">55</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">survival</font> period) arising out of, in the
nature of, incident or relating to, resulting from, or caused by:</h3>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any inaccuracy in or any breach of any representation or
warranty of Uno, but not of CCC, contained in Section&nbsp;3.1;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
inaccuracy in or any breach of any representation or warranty contained in Section&nbsp;4.2
(&#147;Capitalization&#148;) or Section&nbsp;4.14 (&#147;Taxes&#148;) or Schedule&nbsp;B (&#147;Metr&#243;polis
Taxes&#148;), but only 50% of such Losses therefrom; <u>provided,</u>  <u>however</u>,
that such &#147;50% of such Losses&#148; limitation will not apply if (A)&nbsp;the Losses
claimed thereunder arose out of, were in the nature of, were incident or
related to, resulted from, or were caused by the inaccuracy in or breach of any
such representation or warranty that is qualified as to knowledge or by such
terms as &#147;knowledge,&#148; &#147;know,&#148; &#147;awareness,&#148; or &#147;aware,&#148; and (B)&nbsp;Uno did in
fact know about the inaccuracy or breach at any time the representation or
warranty was given or deemed given under this Agreement; and</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any nonperformance or breach of any covenant or agreement of
Uno contained in this Agreement.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section8_3_114141"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;8.3</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Indemnification
by CCC</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Subject to VTR (on its own behalf or on behalf of any other
VTR Indemnified Party) making a written claim for indemnification against CCC
pursuant to Section&nbsp;9.5 within the survival period (if there is an
applicable survival period pursuant to Section&nbsp;8.1), and subject to the
limitations set forth in Section&nbsp;8.6, CCC must indemnify and hold any and
all of the VTR Indemnified Parties harmless from and against any and all Losses
any VTR Indemnified Party may suffer (including Losses a VTR Indemnified Party
may suffer after the end of any applicable survival period) arising out of, in
the nature of, incident or relating to, resulting from, or caused by any
inaccuracy in or any breach of any representation or warranty of CCC contained
in this Agreement or in any certificate delivered by or on behalf of CCC
pursuant to this Agreement (except for the representations and warranties in Section&nbsp;3.1
(&#147;Transferor Representations and Warranties&#148;), Section&nbsp;4.2 (&#147;Capitalization&#148;),
Section&nbsp;4.14 (&#147;Taxes&#148;), and Schedule&nbsp;B (&#147;Metr&#243;polis Taxes&#148;), which
are covered by Section&nbsp;8.3(b)).</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Subject to VTR (on its own behalf or on behalf of any other
VTR Indemnified Party) making a written claim for indemnification against CCC
pursuant to Section&nbsp;9.5 within the survival period (if there is an
applicable survival period pursuant to Section&nbsp;8.1), CCC must indemnify
and hold any and all of the VTR Indemnified Parties harmless from and against
any and all Losses any VTR Indemnified Party may suffer (including Losses a VTR
Indemnified Party may suffer after the end of any applicable survival period)
arising out of, in the nature of, incident or relating to, resulting from, or
caused by:</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
inaccuracy in or any breach of any representation or warranty of CCC, but not
of Uno, contained in Section&nbsp;3.1;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
inaccuracy in or any breach of any representation or warranty contained in Section&nbsp;4.2
(&#147;Capitalization&#148;) or Section&nbsp;4.14 (&#147;Taxes&#148;) or Schedule&nbsp;B (&#147;Metr&#243;polis
Taxes&#148;), but only 50% of such Losses therefrom; <u>provided</u>, <u>however</u>,
that the &#147;50% of such Losses&#148; limitation will not apply if (A)&nbsp;the Losses
claims thereunder arose out of, were in the nature of, were incident or related
to, resulted from, or were caused by the inaccuracy in or breach of any such
representation or warranty that is qualified as to knowledge or by such terms
as &#147;knowledge,&#148; &#147;know,&#148; &#147;awareness,&#148; or &#147;aware,&#148; and (B)&nbsp;CCC did in fact
know about the inaccuracy or breach at any time the representation or warranty
was given or deemed to be given under this Agreement; and</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
nonperformance or breach of any covenant or agreement of CCC contained in this
Agreement.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section8_4_130458"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;8.4</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Indemnification
by VTR.</u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Subject to a Transferor (on its own behalf or on behalf of
any other Transferor Indemnified Party) making a written claim for
indemnification against VTR pursuant to Section&nbsp;9.5 within the survival
period (if there is an applicable survival period pursuant to Section&nbsp;8.1),
and subject to the limitations set forth in Section&nbsp;8.6, VTR must
indemnify and hold such Transferor, and its directors, officers, employees, Affiliates
(but with respect to Uno, including LMI, LMINT, and their respective Affiliates,
even if any of them ceases to be Affiliates of Uno), successors, and assigns
(collectively, &#147;<u>Transferor Indemnified Parties</u>,&#148; and individually, a &#147;<u>Transferor
Indemnified Party</u>&#148;) harmless from and against any and all Losses any
Transferor Indemnified Party may suffer (including Losses a Transferor
Indemnified Party may suffer after the end of any applicable survival period)
arising out of, in the nature of, incident or relating to, resulting from, or
caused by any inaccuracy in or any breach of any representation or warranty of
VTR contained in this Agreement or in any certificate delivered by or on behalf
of VTR pursuant to this Agreement (except for the representations and
warranties in Section&nbsp;3.2 (&#147;VTR&#146;s Representations and Warranties&#148;), Section&nbsp;5.2
(&#147;Capitalization&#148;), and Section&nbsp;5.10 (&#147;Taxes&#148;), which are covered by Section&nbsp;8.4(b)).</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Subject to a Transferor (on its own behalf or on behalf of
any other of its Transferor Indemnified Parties) making a written claim for
indemnification against VTR pursuant to Section&nbsp;9.5 within the survival
period (if there is an applicable survival period pursuant to Section&nbsp;8.1),
VTR must indemnify and hold any and all of the Transferor Indemnified Parties
harmless from and against any and all Losses any Transferor Indemnified Party
may suffer (including Losses a Transferor Indemnified Party may suffer after
the end of any applicable survival period) arising out of, in the nature of,
incident or relating to, resulting from, or caused by:</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">57</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
inaccuracy in or any breach of any representation or warranty contained in Section&nbsp;3.2
(&#147;VTR&#146;s Representations and Warranties&#148;), Section&nbsp;5.2 (&#147;Capitalization&#148;),
or Section&nbsp;5.10 (&#147;Taxes&#148;); and</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
nonperformance or breach of any covenant or agreement of VTR contained in this
Agreement.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section8_5_114614"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;8.5</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Defense
of Action</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>If any third party notifies any Party seeking
indemnification under Section&nbsp;8.2, Section&nbsp;8.3, or Section&nbsp;8.4
(the &#147;<u>Indemnified Party</u>&#148;) with respect to any matter, claim,
investigation, action, suit, charge, complaint, demand, or other proceeding,
whether pending or threatened (an &#147;<u>Action</u>&#148;), that may give rise to a
claim for indemnification under this Article&nbsp;VIII, then the Indemnified
Party must promptly give notice of the Action to the Party from which such
indemnification is sought (the &#147;<u>Indemnifying Party</u>&#148;) pursuant to Section&nbsp;9.5;
<u>provided</u>, <u>however</u>, that the Indemnified Party&#146;s failure to so
notify the Indemnifying Party of any Action will not release the Indemnifying
Party, in whole or in part, from its obligations under this Article&nbsp;VIII,
except to the extent (and solely to the extent) that the Indemnified Party&#146;s
failure to so notify actually prejudices the Indemnifying Party&#146;s ability to
defend against such Action.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Indemnified Party may, at the sole expense and liability
of the Indemnifying Party, exercise full control of the defense, compromise, or
settlement of any such Action, unless, at any time within 30 days after the
Indemnified Party has given notice to the Indemnifying Party of the Action, the
Indemnifying Party (i)&nbsp;delivers a written confirmation to such Indemnified
Party that the indemnification provisions of Section&nbsp;8.2, Section&nbsp;8.3,
or Section&nbsp;8.4 (as applicable) are applicable to such Action and that,
subject to the other provisions of this Article&nbsp;VIII, the Indemnifying
Party must indemnify such Indemnified Party in respect of such Action pursuant
to the terms of Section&nbsp;8.2, Section&nbsp;8.3, or Section&nbsp;8.4 (as
applicable), (ii)&nbsp;notifies such Indemnified Party in writing of the
Indemnifying Party&#146;s intention to assume the defense thereof and thereafter
conducts the defense actively and diligently, and (iii)&nbsp;retains legal
counsel reasonably satisfactory to such Indemnified Party to conduct the
defense of such Action.&#160; Notwithstanding
anything to the contrary in the immediately preceding sentence, the
Indemnifying Party will not have any right to assume the defense of such
Action, if (1)&nbsp;such Action seeks an injunction or other equitable relief and
not money damages only, or (2)&nbsp;the settlement or compromise of, or an
adverse judgment with respect to, such Action is, in the good faith judgment of
the Indemnified Party, likely to establish a precedent, custom or practice
materially adverse to the continuing business interests or the reputation of
the Indemnified Party.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Indemnified Party and the Indemnifying Party must use
their commercially reasonable efforts to cooperate with the Party assuming the
defense, compromise, or settlement of any such Action in accordance herewith in
any manner that such Party reasonably may request.&#160; If the Indemnifying Party assumes the defense
of any</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">58</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">such Action, the Indemnified Party will have
the right to employ separate counsel and to participate in (but not control)
the defense, compromise, or settlement thereof, but the fees and expenses of
such counsel will be the expense of such Indemnified Party unless (i)&nbsp;the
Indemnifying Party has specifically agreed to pay such fees and expenses or (ii)&nbsp;the
Indemnified Party has been advised by its counsel that there may be one or more
legal defenses from claims available to it that are different from or
additional to those available to the Indemnifying Party or that there may be a
conflict of interest between the Indemnifying Party and the Indemnified Party
in the conduct of the defense of such Action (in either of which cases the
Indemnifying Party will not have the right to direct the defense, compromise,
or settlement of such Action on behalf of the Indemnified Party), and in any
such case the reasonable fees and expenses of such separate counsel must be
borne by the Indemnifying Party, it being understood and agreed, however, that
the Indemnifying Party will not be liable for the fees and expenses of more
than one separate firm of attorneys at any time for the Indemnified Party
together with its applicable Affiliates (with respect to Uno, not including UGC
or any of its Subsidiaries, and with respect to VTR, not including LMI or any
of its Affiliates other than UGC and its Subsidiaries), unless there is a
conflict of interest between the Indemnified Party and an applicable Affiliate
thereof (with respect to Uno, not including UGC or any of its Subsidiaries, and
with respect to VTR, not including LMI or any of its Affiliates other than UGC
and its Subsidiaries), in which case the Indemnifying Party will not be liable
for the fees and expenses of more than an aggregate of two separate firms of
attorneys at any time for the Indemnified Party and its applicable Affiliates
(with respect to Uno, not including UGC or any of its Subsidiaries, and with
respect to VTR, not including LMI or any of its Affiliates other than UGC and
its Subsidiaries).&#160; No Indemnified Party
will settle or compromise or consent to entry of any judgment with respect to
any such Action for which it is entitled to indemnification hereunder without
the prior written consent of the Indemnifying Party, unless the Indemnifying
Party fails to assume control of such Action in the manner provided in Section&nbsp;8.5(b).&#160; The Indemnifying Party must not, without the
written consent of the Indemnified Party, settle or compromise or consent to
entry of any judgment with respect to any such Action (1)&nbsp;in which any
relief other than the payment of money damages is or may be sought against any
Indemnified Party, or (2)&nbsp;that does not include as an unconditional term
thereof the giving by the claimant, party conducting such investigation,
plaintiff or petitioner to such Indemnified Party of a release from all
liability with respect to such Action.</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Notwithstanding anything to the contrary in Section&nbsp;8.5(a),
Section&nbsp;8.5(b), or Section&nbsp;8.5(c), the provisions under the &#147;Tax
Controversies&#148; section&nbsp;of Schedule&nbsp;C (&#147;Tax Matters&#148;) will govern the
rights and obligations of the Parties in respect of the certain Tax matters
specified therein.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section8_6_114704"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;8.6</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Limitations
on Indemnification</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Basket; Basket Exceptions</u>.&#160; No indemnification by Uno pursuant to Section&nbsp;8.2(a),
CCC pursuant to Section&nbsp;8.3(a), or VTR pursuant to Section&nbsp;8.4(a)&nbsp;(other
than, in each case, the Basket Exceptions, as defined below), will be due and
payable unless the aggregate amount of all such claims asserted by the
Indemnified Party against</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">59</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the Indemnifying Party exceeds
US$1,000,000.00 (or its equivalent in Chilean Pesos as of the date of such
calculation) (the &#147;<u>Basket Amount</u>&#148;), whereupon the applicable
Indemnifying Party will be obligated to pay only the excess of the aggregate
amount of such claims for indemnification over the Basket Amount.&#160; The indemnification obligations of Uno
pursuant to Section&nbsp;8.2(a), CCC pursuant to Section&nbsp;8.3(a), or VTR
pursuant to Section&nbsp;8.4(a), in each case in respect of an inaccuracy in or
breach of any of the representations or warranties set forth in the following
Sections (collectively, the &#147;<u>Basket Exceptions</u>&#148;) will not be subject to
the Basket Amount limitation in the preceding sentence:&#160; Section&nbsp;4.6(d), Section&nbsp;4.6(e), and
Section&nbsp;4.6(g)&nbsp;(&#147;Financial Statements; Absence of Certain
Developments; No Undisclosed Liabilities; Net Debt&#148;); Section&nbsp;4.13 (&#147;Legal
Compliance&#148;); and Section&nbsp;5.4(c)&nbsp;and Section&nbsp;5.4(e)&nbsp;(&#147;Financial
Statements; No Undisclosed Liabilities; Net Debt&#148;).</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Caps</u>.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
indemnification obligation of Uno pursuant to Section&nbsp;8.2(a)&nbsp;in
respect of each Loss claimed thereunder is limited to 50% of the amount of such
Loss; <u>provided</u>, <u>however</u>, that such limitation will not apply if
Uno did in fact know about the inaccuracy or breach at any time the
representation or warranty was given or deemed given under this Agreement.&#160; The maximum aggregate indemnification
obligations of Uno are limited to US$12,500,000 (or its equivalent in Chilean Pesos
as of the date of such calculation) if such indemnification obligations arise
pursuant to Section&nbsp;8.2(a), in respect of all Losses claimed thereunder,
and pursuant to Section&nbsp;8.2(b), but, in the latter case, only in respect
of Losses claimed for the inaccuracy in or breach of any representation or
warranty of Uno or the Transferors, as applicable, contained in Section&nbsp;3.1(h)&nbsp;(&#147;Interested
Party Transactions&#148;), Section&nbsp;4.14 (&#147;Taxes&#148;), or Schedule&nbsp;B (&#147;Metr&#243;polis
Taxes&#148;); <u>provided</u>, <u>however</u>, that such limitation will not apply
if Uno did in fact know about the inaccuracy or breach at any time the
representation or warranty was given or deemed given under this Agreement.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
indemnification obligation of CCC pursuant to Section&nbsp;8.3(a)&nbsp;in
respect of each Loss claimed thereunder is limited to 50% of the amount of such
Loss; <u>provided</u>, <u>however</u>, that such limitation will not apply if
CCC did in fact know about the inaccuracy or breach at any time the
representation or warranty was given or deemed given under this Agreement.&#160; The maximum aggregate indemnification
obligations of CCC are limited to US$12,500,000 (or its equivalent in Chilean Pesos
as of the date of such calculation) if such indemnification obligations arise
pursuant to Section&nbsp;8.3(a), in respect of all Losses claimed thereunder,
and pursuant to Section&nbsp;8.3(b), but, in the later case, only in respect of
Losses claimed for the inaccuracy in or breach of any </h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">60</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">representation or warranty of CCC or the Transferors, as applicable,
contained in Section&nbsp;3.1(h)&nbsp;(&#147;Interested Party Transactions&#148;), Section&nbsp;4.14
(&#147;Taxes&#148;), or Schedule&nbsp;B (&#147;Metr&#243;polis Taxes&#148;); <u>provided</u>, <u>however</u>
that such limitation will not apply if CCC did in fact know about the
inaccuracy or breach at any time the representation or warranty was given or
deemed given under this Agreement.</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
maximum aggregate indemnification obligations of VTR are limited to
US$12,500,000 (or its equivalent in Chilean Pesos as of the date of such
calculation) to each Transferor if such indemnification obligations arise
pursuant to Section&nbsp;8.4(a), in respect of all Losses claimed thereunder,
and pursuant to Section&nbsp;8.4(b), but, in the latter case, only in respect
of Losses claimed for the inaccuracy in or breach of any representation or
warranty of VTR contained in Section&nbsp;3.2(g)&nbsp;(&#147;Interested Party
Transactions&#148;) or Section&nbsp;5.10 (&#147;Taxes&#148;); <u>provided</u>, <u>however</u>,
that such limitation with respect to Section&nbsp;8.4(b)&nbsp;will not apply if
VTR did in fact know about the inaccuracy or breach at any time the
representation or warranty was given or deemed given under this Agreement.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Benefit of Uno and CCC
Representations and Warranties</u>.&#160; Uno and CCC
acknowledge and agree that the representations and warranties made by them in
this Agreement and the other Transaction Documents are solely for the benefit
of VTR and that Uno and CCC will have no claim, right or cause of action
against each other arising directly or indirectly out of their respective
representations and warranties set forth in this Agreement or in any of the
other Transaction Documents.&#160; Each of Uno
and CCC, for itself and on behalf of its Affiliates (but with respect to Uno,
not including UGC or any of its Subsidiaries) hereby agrees not to bring any
such claim or cause of action or to attempt to enforce any such right, and
irrevocably waives any right it and such Affiliates may have now or in the
future to any such right or to bring any such claim or cause of action.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section8_7_115051"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;8.7</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Insurance
Proceeds</u>.&#160; Notwithstanding anything
to the contrary in the other provisions of this Article&nbsp;VIII, the amount
that any Indemnifying Party may be required to pay to an Indemnified Party
pursuant to this Article&nbsp;VIII will be reduced (retroactively, if
necessary) by any insurance proceeds or refunds actually recovered by or on
behalf of the applicable Indemnified Party in reduction of the related Losses
(on an after-Tax basis).&#160; If an
Indemnified Party receives the payment required by this Article&nbsp;VIII from
the Indemnifying Party in respect of Losses and subsequently receives insurance
proceeds in respect of such Losses, then the Indemnified Party must promptly
repay to the Indemnifying Party a sum equal to the amount of such insurance
proceeds or refunds actually received, net of costs and expenses and on an
after-Tax basis, but not exceeding the amount paid by the Indemnifying Party to
such Indemnified Party in respect of such Losses.&#160; No representation, warranty, covenant, or
agreement contained in this Agreement is for the benefit of any insurer.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">61</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section8_8_115044"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;8.8</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Exclusive
Monetary Remedy; No Consequential Damages</u>.&#160;
The Parties hereby acknowledge and agree that their sole and exclusive
monetary remedy with respect to this Agreement, regardless of whether the
relief demanded or sought is found in contract or tort, will be pursuant to the
indemnification provisions set forth in this Article&nbsp;VIII.&#160; Notwithstanding anything in the immediately
preceding sentence to the contrary, nothing in this Section&nbsp;8.8 will limit
in any way (a)&nbsp;the availability of specific performance, injunctive
relief, rescission, or other non-monetary remedies to which a Party may
otherwise be entitled, or (b)&nbsp;the exercise by Uno of its rights or
remedies under the terms and conditions of the DPP Obligation.&#160; In no event will any Party be liable to any
other Person for such other Person&#146;s lost profits, loss of use, lost revenues,
or other indirect, incidental, special, or consequential Losses.&#160; Each Party waives and relinquishes claims for
such lost profits, loss of use, lost revenues, or other indirect, incidental,
special, or consequential Losses.&#160; In
addition, Uno hereby waives the <i><font style="font-style:italic;">acci&#243;n resolutoria</font></i> to which it would otherwise be entitled according to Chilean Law
in connection with the fulfillment of the DPP Obligation.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><a name="ArticleIx_130443"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;IX</font></b></a><br>
MISCELLANEOUS</h1>

<h1 style="font-size:10.0pt;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;"><font style="font-weight:normal;">&nbsp;</font></h1>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_1_115037"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.1</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Entire
Agreement</u>.&#160; This Agreement (together
with the Disclosure Schedules, other Schedules and Exhibits annexed hereto) and
the other Transaction Documents contain, and are intended as, a complete
statement of all of the terms of the agreements among the Parties with respect
to the matters provided for herein and therein, and supersede and discharge any
previous agreements and understandings between the Parties with respect to
those matters; <u>provided</u>, <u>however</u>, that the VTR Confidentiality
Agreement will survive the execution and delivery hereof and the Closing
hereunder and continue in full force and effect in accordance with its terms.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_2_115033"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.2</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Governing
Law; Governing Language</u>.&#160; This
Agreement will be governed by and construed in accordance with the Laws of
Chile, without regard to principles governing conflicts of Law.&#160; Certain Schedules and/or Exhibits to this
Agreement are being executed in both English and Spanish.&#160; If any doubt, misunderstanding or dispute
arises in their interpretation, the English version will govern.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_3_115027"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.3</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Dispute
Resolution</u>.&#160; Any controversy, claim,
or dispute between the Parties that arises out of or relates to this Agreement,
including any claim or controversy relating to the interpretation, breach,
termination, or invalidity of any provision hereof, will be exclusively and
finally settled pursuant to and in accordance with the Dispute Resolution
Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_4_115024"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.4</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Headings</u>.&#160; The article&nbsp;and section&nbsp;headings of
this Agreement are for reference purposes only and are to be given no effect in
the construction or interpretation of this Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_5_115021"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.5</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Notices</u>.&#160; All notices and other communications
hereunder must be in writing and must be delivered personally, telecopied (if
receipt of which is confirmed by the Person to whom sent), sent by
internationally recognized overnight delivery service or mailed by</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">62</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">registered or certified mail (return receipt requested) to the Parties
at the following addresses (or to such other Person or address for a Party as
specified by such Party by like notice) (notice will be deemed given and
received upon receipt, if delivered personally, by overnight delivery service
or by telecopy, or on the third Business Day following mailing, if mailed,
except that notice of a change of address will not be deemed given and received
until actually received):</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>If to Uno, to it at:</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c/o Liberty
Media International,&nbsp;Inc. <br>
12300 Liberty Boulevard<br>
Englewood, Colorado 80112&#160; U.S.A.<br>
Attention:&#160; Elizabeth M. Markowski<br>
Telephone: 720 875-6209<br>
Telecopier: 720 875-5858</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and, prior to
the consummation of the transactions contemplated by the UGC/LMI Merger
Agreement or if such agreement is terminated without such consummation
occurring, with a copy to:</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sherman&nbsp;&amp;
Howard L.L.C.<br>
633 Seventeenth Street<br>
Suite&nbsp;3000<br>
Denver, Colorado 80202<br>
Attention:&#160; Amy L. Hirter<br>
Telephone: 303 299-8102<br>
Telecopier: 303 298-0940</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and, following
the consummation of the transactions contemplated by the UGC/LMI Merger
Agreement, with a copy to:</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holme Roberts&nbsp;&amp; Owen LLP<br>
1700 Lincoln Street<br>
Suite&nbsp;4100<br>
Denver, Colorado 80203&#160; U.S.A.<br>
Attention:&#160; W. Dean Salter</font></p>

<p style="margin:0in 0in .0001pt 1.5in;text-indent:45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Paul G. Thompson</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Telephone: 303 861-7000<br>
Telecopier: 303 861-0200</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">63</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>If to CCC, to it at:</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Hendaya 60<br>
Piso 14, Las Condes<br>
Santiago, Chile<br>
Attention:&#160; Juan Antonio Alvarez<br>
Telephone: 562 330-7218<br>
Telecopier: 562 331-5153</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">with a copy to:</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attention:&#160; Baltazar S&#225;nchez<br>
Telephone: 562 441-3702<br>
Telecopier: 562 441-3701</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>If to VTR, to it at:</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Reyes Lavalle
3340<br>
9th Floor<br>
Las Condes, Santiago<br>
Chile<br>
Attention:&#160; Vicepresidente de Asuntos
Legales<br>
Telephone: 562 310-1419<br>
Telecopier: 562 310-1561</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">with copies to:</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c/o
UnitedGlobalCom,&nbsp;Inc.<br>
4643 South Ulster Street, #1300<br>
Denver, Colorado 80237&#160; U.S.A.<br>
Attention:&#160; General Counsel<br>
Telephone: 303 770-4001<br>
Telecopier: 303 220-3117</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and to:</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holme Roberts&nbsp;&amp; Owen LLP<br>
1700 Lincoln Street<br>
Suite&nbsp;4100<br>
Denver, Colorado 80203&#160; U.S.A.<br>
Attention:&#160; W. Dean Salter</font></p>

<p style="margin:0in 0in .0001pt 1.5in;text-indent:45.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Paul G. Thompson</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Telephone: 303 861-7000<br>
Telecopier: 303 861-0200</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_6_115013"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.6</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Severability</u>.&#160; If at any time any covenant or provision
contained herein is deemed in a final ruling of a court or other body of
competent jurisdiction (including an arbitral</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">64</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">tribunal convened in accordance with the Dispute Resolution Agreement)
to be invalid or unenforceable, such covenant or provision will be considered
divisible and such covenant or provision will be deemed immediately amended and
reformed to include only such portion of such covenant or provision as such
court or other body has held to be valid and enforceable; and the Parties agree
that such covenant or provision, as so amended and reformed, will be valid and
binding as though the invalid or unenforceable portion had not been included
herein.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_7_115008"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.7</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Amendment;
Waiver</u>.&#160; No provision of this
Agreement may be amended or modified except by an instrument or instruments in
writing signed by the Parties and designated as an amendment or modification.&#160; No waiver by any Party of any provision of
this Agreement will be valid unless in writing and signed by the Party making
such waiver and designated as a waiver.&#160; No
failure or delay by any Party in exercising any right, power, or remedy
hereunder will operate as a waiver thereof, nor will any single or partial
exercise thereof or the exercise of any other right, power, or remedy preclude
any further exercise thereof or the exercise of any other right, power, or
remedy.&#160; No waiver of any provision
hereof will be construed as a waiver of any other provision.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_8_115004"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.8</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Assignment
and Binding Effect</u>.&#160; No Party may
assign any of its rights or delegate any of its obligations under this Agreement
without (a)&nbsp;the prior written consent of the other Parties, and (b)&nbsp;the
complete written assumption by the assignee of all of the obligations of the
assignor under this Agreement.&#160; All of
the terms and provisions of this Agreement will be binding on, and will inure
to the benefit of, the respective successors and permitted assigns of the
Parties.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_9_115001"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.9</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>No
Benefit to Others</u>.&#160; Except as
expressly set forth herein, the representations, warranties, covenants, and
agreements contained in this Agreement are for the sole benefit of the Parties
and their respective successors and permitted assigns, and they will not be
construed as conferring and are not intended to confer any rights, remedies,
obligations, or liabilities on any other Person, unless such Person is
expressly stated herein to be entitled to any such right, remedy, obligation,
or liability.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_10_114957"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.10</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Counterparts</u>.&#160; This Agreement may be executed by the Parties
in separate counterparts, each of which when so executed and delivered will be
an original, but all such counterparts will together constitute one and the
same instrument.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_11_114954"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.11</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Interpretation</u>.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>As used herein, except as otherwise indicated herein or as
the context may otherwise require: (i)&nbsp;the words &#147;include,&#148; &#147;includes,&#148;
and &#147;including&#148; are deemed to be followed by &#147;without limitation&#148; whether or
not they are in fact followed by such words or words of like import; (ii)&nbsp;the
words &#147;hereof,&#148; &#147;herein,&#148; &#147;hereunder,&#148; and comparable terms refer to the
entirety of this Agreement, including the Exhibits, Disclosure Schedules, and
other Schedules hereto, and not to any particular article, section, or other
subdivision hereof or Exhibit, Disclosure Schedule, or Schedule&nbsp;hereto; (iii)&nbsp;any
pronoun will include the corresponding masculine, feminine, and neuter forms; (iv)&nbsp;the
singular includes the plural and vice versa; (v)&nbsp;references to any
agreement or other document are</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">65</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">to such agreement or document as amended,
modified, supplemented, and restated now or hereafter from time to time; (vi)&nbsp;references
to any statute or regulation are to it as amended, modified, supplemented, and
restated now or hereafter from time to time, and to any corresponding
provisions of successor statutes or regulations; (vii)&nbsp;except as otherwise
expressly provided in this Agreement, references to &#147;Article,&#148; &#147;Section,&#148; &#147;preamble,&#148;
&#147;recital,&#148; or another subdivision or to an &#147;Exhibit,&#148; &#147;Disclosure Schedule,&#148; or
&#147;Schedule&#148; are to an article, section, preamble, recital or subdivision hereof
or an &#147;Exhibit,&#148; &#147;Disclosure Schedule,&#148; or &#147; Schedule&#148; hereto; and (viii)&nbsp;references
to any Person or Entity include such Person&#146;s or Entity&#146;s respective successors
and permitted assigns.</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In this Agreement, any reference to a Party&#146;s &#147;knowledge,&#148;
and comparable terms including &#147;know,&#148; &#147;known,&#148; &#147;aware,&#148; or &#147;awareness,&#148; means
such Party&#146;s actual knowledge after due inquiry of officers, directors and
other key employees of such Party reasonably believed to have knowledge of such
matters.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Any reference herein to a &#147;day&#148; or number of &#147;days&#148; (without
the explicit qualification of &#147;Business&#148;) will be deemed to refer to a calendar
day or number of calendar days.&#160; If any
action or notice is to be taken or given on or by a particular calendar day,
and such calendar day is not a Business Day, then such action or notice may be
taken or given on the next succeeding Business Day.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Any financial or accounting terms that are not otherwise
defined herein will have the meanings given thereto under GAAP.&#160; For purposes of each reference herein to an
amount in Dollars or its equivalent in Chilean Pesos as of a certain date, such
equivalent amount will be determined using the Observado Exchange Rate
published on such date.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><a name="Section9_12_115138"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;9.12</font></a><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Rules&nbsp;of
Construction</u>.&#160; The Parties agree that
they have been represented by counsel during the negotiation, preparation, and
execution of this Agreement and, therefore, waive the application of any Law or
rule&nbsp;of construction providing that ambiguities in an agreement or other
document will be construed against the Party drafting such agreement or
document.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">[Remainder
of page&nbsp;intentionally left blank]</font></i></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">66</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS
WHEREOF, the Parties have executed this Agreement as of the date first written
above.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">VTR GLOBALCOM S.A.</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ RODRIGO CASTILLO MURILLO</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rodrigo Castillo Murillo</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Solely for purposes of Section&nbsp;6.3 and
  the relevant definitions set forth in Article&nbsp;I hereof:</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UNITED CHILE, INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ MAURICIO RAMOS</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mauricio Ramos</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">AND</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UNITED CHILE VENTURES INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ JOHN P. BABB</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John P. Babb</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Solely for purposes of Section&nbsp;2.7 and
  the relevant definitions set forth in Article&nbsp;I hereof:</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UNITED LATIN AMERICA, INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ JOHN P. BABB</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John P. Babb</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\vmaniraj\05-6805-1\task398440\6805-1-kg-05.htm',USER='vmaniraj',CD='Apr 16 09:31 2005' -->


<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LIBERTY COMUNICACIONES DE CHILE UNO LTDA.</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.46%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ MAX LETELIER BOMCHIL</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Max Letelier Bomchil</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attorney-in-Fact</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:4.28%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Solely for purposes of Section&nbsp;2.5 and
  the relevant definitions set forth in Article&nbsp;I hereof:</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LIBERTY MEDIA INTERNATIONAL HOLDINGS, LLC</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ ELIZABETH M. MARKOWSKI</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Elizabeth M. Markowski</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice President</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Solely for purposes of Section&nbsp;2.5, Section&nbsp;2.6,
  and the relevant definitions set forth in Article&nbsp;I hereof:</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LIBERTY MEDIA CORPORATION</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ CHARLES Y. TANABE</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Charles Y. Tanabe</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice President</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Solely for purposes of Section&nbsp;2.8 and
  the relevant definitions set forth in Article&nbsp;I hereof:</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LIBERTY MEDIA INTERNATIONAL, INC.</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ ELIZABETH M. MARKOWSKI</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Elizabeth M. Markowski</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice President</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="429" style="border:none;"></td>
  <td width="31" style="border:none;"></td>
  <td width="1" style="border:none;"></td>
  <td width="265" style="border:none;"></td>
  <td width="22" style="border:none;"></td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CRISTALER&#205;AS DE CHILE S.A.</font></p>
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ BALTAZAR S&#193;NCHEZ GUZM&#193;N</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Baltazar S&#225;nchez Guzm&#225;n</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
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 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
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  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/&nbsp;
  CIRILO ELTON GONZ&#193;LEZ</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cirilo Elton Gonz&#225;lez</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">General Manager</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Solely for purposes of Section&nbsp;2.7, Section&nbsp;6.1(b),
  and the relevant definitions set forth in Article&nbsp;I hereof:</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">METR&#211;POLIS-INTERCOM S.A.</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="42%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:42.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ ANDR&#201;S KULKA KUPERMAN</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Andr&#233;s Kulka Kuperman</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">General Manager</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ MAX LETELIER BOMCHIL</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Max Letelier Bomchil</font></p>
  </td>
 </tr>
 <tr>
  <td width="57%" valign="top" style="padding:0in 0in 0in 0in;width:57.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.12%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="38%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:38.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ScheduleA_130517"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SCHEDULE&nbsp;A</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">OWNERSHIP
OF STOCK OF METR&#211;POLIS AND PROSER</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis Stock</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="36%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Holder</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Class&nbsp;or Series<br>
  of Shares</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number of Shares</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">% of Class&nbsp;or Series</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:36.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Uno</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registered</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">44,485,107</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in .7pt 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CCC</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" style="padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registered</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" style="padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">44,485,107</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" style="padding:0in 0in 0in 0in;width:18.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proser Stock</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="36%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Holder</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Class&nbsp;or Series<br>
  of Shares</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number of Shares</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">% of Class&nbsp;or Series</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:36.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Uno</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registered</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.01</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in .7pt 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CCC</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" style="padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registered</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" style="padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" style="padding:0in 0in 0in 0in;width:18.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.01</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in .7pt 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
 <tr>
  <td width="36%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.5%;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Metr&#243;polis</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registered</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9,998</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:18.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.98</font></p>
  </td>
  <td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SA - 1</font></p>

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</font></div>

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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ScheduleB_130531"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SCHEDULE&nbsp;B</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">METR&#211;POLIS
TAXES</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except as set forth in Section&nbsp;4.14 of
the Metr&#243;polis Disclosure Schedule, the following representations and
warranties are true and correct in all respects:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>All Tax Returns required to be filed by or on behalf of
Metr&#243;polis or Proser have been duly filed on a timely basis and such Tax
Returns (including all attached statements and schedules) are true, correct,
and complete in all material respects.&#160;
All Taxes shown to be due and payable on such Tax Returns or on
subsequent assessments with respect thereto have been paid in full on a timely
basis, and no other Taxes are due and payable by Metr&#243;polis or Proser with
respect to items or periods covered by such Tax Returns (whether or not shown
on or reportable on such Tax Returns) or with respect to any Pre-Closing
Period.&#160; No claim has been made or
threatened by any jurisdiction where Metr&#243;polis or Proser does not file returns
that Metr&#243;polis or Proser is or may be subject to Taxes in that jurisdiction
and there is no legitimate basis for such a claim.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The most recent Metr&#243;polis Financial Statements reflect an
adequate reserve (as determined on a GAAP basis and excluding reserves for
deferred Taxes) for all Taxes payable by Metr&#243;polis and Proser for all taxable
periods and portions thereof through the date hereof.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>There are no Liens or Restrictions on any of the assets of
Metr&#243;polis or Proser with respect to Taxes, other than Permitted Liens and
Liens or Restrictions created by this Agreement or any of the other Transaction
Documents.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Such Transferor has made available to VTR true, correct, and
complete copies of:</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>all
Tax Returns of Metr&#243;polis or Proser for all periods since the formation thereof,
and</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>all
Tax audit reports, work papers, statements of deficiencies, closing or other
agreements received by Metr&#243;polis or Proser or on their behalf relating to
Taxes, in each case that are in such Transferor&#146;s possession or under its
control.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Neither Metr&#243;polis nor Proser does business in or derives
income from any state, local, territorial or foreign taxing jurisdiction other
than those for which Tax Returns have been furnished to VTR.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>There is no audit of any Tax
Return of Metr&#243;polis or Proser by a Tax Authority in process, pending or, to
the best of such Transferor&#146;s knowledge, threatened (formally or informally).</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SB - 1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>No deficiencies exist or have been asserted (either formally
or, to the best of such Transferor&#146;s knowledge, informally) or are expected to
be asserted with respect to Taxes of Metr&#243;polis or Proser, and no notice
(either formally or informally) has been received by Metr&#243;polis or Proser that
it has not filed a Tax Return or paid Taxes required to be filed or paid by it.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Neither Metr&#243;polis nor Proser is a party to any pending
action or proceeding for assessment or collection of Taxes, nor, to the best of
such Transferor&#146;s knowledge, has such action or proceeding been asserted or
threatened (either formally or informally) against Metr&#243;polis or Proser or any
of their respective assets.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>No waiver or extension of any
statute of limitations is in effect with respect to Taxes or Tax Returns of
Metr&#243;polis or Proser.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(j)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>No action has been taken that
would have the effect of deferring any material liability for Taxes for
Metr&#243;polis or Proser from any Pre-Closing Period to any Post-Closing Period.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(k)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>There are no requests for rulings, subpoenas or requests for
information pending with respect to Taxes of Metr&#243;polis or Proser.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(l)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>No power of attorney has been
granted by Metr&#243;polis or Proser with respect to any matter relating to Taxes.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(m)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Neither Metr&#243;polis nor Proser has any current or potential
liability for the Taxes of any other Person.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(n)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Metr&#243;polis and Proser have withheld and paid over all Taxes
required to have been withheld and paid over, and have complied with all
applicable information reporting or other requirements, in connection with any
amounts paid or owing to any third party.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(o)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To the best of such Transferor&#146;s knowledge, Metr&#243;polis and Proser
have not taken any position on any Tax Return that could give rise to
penalties, that would be levied in addition to any Taxes owed, if a Tax
Authority challenged such positions and such challenge was sustained.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(p)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Neither Metr&#243;polis nor Proser has ever elected under Section&nbsp;897(i)&nbsp;of
the Code to be treated as a domestic U.S. corporation.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(q)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Metr&#243;polis and Proser are not parties to any joint venture,
partnership, or other arrangement that is treated as a partnership (or other &#147;pass-through&#148;
entity) for Chilean or other Tax purposes.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(r)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;4.14(r) of the
Metr&#243;polis Disclosure Schedule&nbsp;contains accurate and complete information
with respect to:</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SB - 2</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the
Tax attributes of Metr&#243;polis and Proser (including any value added tax
carryforwards, net operating losses, tax credits, and net tax basis of
depreciable property and intangibles), (A)&nbsp;in the case of value added tax
carryforwards determined as of the date of the last filed tax return, (B)&nbsp;in
the case of net operating losses determined as of December&nbsp;31, 2004, (C)&nbsp;in
all other cases determined as of a date that is no more than 30 days prior to
the date of this Agreement, and (D)&nbsp;in each case estimated as of the date
of this Agreement;</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>all
material U.S., Chilean, or other Tax elections made by, or in effect with
respect to, Metr&#243;polis or Proser, <u>provided</u>, <u>however</u>, that with
respect to any such election that was not affirmatively made by or with respect
to Metr&#243;polis or Proser but is deemed to have been made, such election will be
required to be included in Section&nbsp;4.14(r) of the Metr&#243;polis Disclosure Schedule&nbsp;only
if either Transferor has knowledge thereof; and</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the
Tax basis currently maintained by Metr&#243;polis in Proser.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(s)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Section&nbsp;4.14(s) of the Metr&#243;polis Disclosure Schedule&nbsp;contains
accurate and complete information with respect to CCC&#146;s and Uno&#146;s current Chilean
tax bases in their respective shares of Metr&#243;polis Stock.</h3>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SB - 3</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ScheduleC_130540"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SCHEDULE&nbsp;C</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TAX
MATTERS</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Allocation of Taxes for Pre-Closing and Post-Closing
Periods</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each Transferor must pay promptly after they become due 50%
of any Tax liabilities of Metr&#243;polis or Proser allocable to any Pre-Closing
Period or portion thereof to the extent such Tax liabilities were not
adequately reserved for (excluding reserves for deferred Taxes) on the most
recent Metr&#243;polis Financial Statements.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR must promptly pay any Tax liabilities of Metr&#243;polis or Proser
allocable to any Post-Closing Period or portion thereof.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR must promptly pay any Taxes resulting from transactions
or actions taken by Metr&#243;polis or Proser that occur on the date hereof but
after the Closing and that are not in the ordinary course of business.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Transfer Taxes</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each Transferor must pay all transfer, documentary, sales,
use, stamp, registration and other such Taxes and fees (including any monetary
adjustments, penalties and interest) incurred in connection with the Transfer
by it of Metr&#243;polis Stock contemplated by this Agreement.&#160; Each Transferor must file all necessary Tax
Returns and other documentation with respect to all such Taxes, and if required
by applicable Law, it must, and must cause its Affiliates (but with respect to
Uno, not including UGC or any of its Subsidiaries) to, join in the execution of
any such Tax Returns and other documentation.&#160;
Each Transferor must pay all costs and expenses related to the
performance of its obligations under this clause&nbsp;(a).</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each Transferor must pay 50% of all transfer, documentary,
sales, use, stamp, registration, withholding and other such Taxes and fees
(including any monetary adjustments, penalties and interest) incurred by Metr&#243;polis
or Proser in connection with transactions contemplated by this Agreement
(including any real property transfer Tax and any similar Tax).&#160; Each Transferor must pay 50% of the costs and
expenses incurred by Metr&#243;polis or Proser in filing all necessary Tax Returns
and other documentation with respect to all such Taxes.&#160; Each Transferor must pay all costs and
expenses related to the performance of its obligations under this
clause&nbsp;(b).</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR must pay all transfer, documentary, sales, use, stamp,
registration, withholding and other such Taxes and fees (including any monetary
adjustments, penalties and interest) incurred in connection with the issuance
and transfer by it or any of its Subsidiaries pursuant to this Agreement and
the other Transaction Documents of (i)&nbsp;VTR Stock, and (ii)&nbsp;the Uno
Transfer Agreement, including the DPP Obligation.&#160; VTR must file all Tax Returns and other
documentation with respect to all such Taxes required to be filed by such VTR or
any of its Affiliates (but including only UGC and its</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SC - 1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subsidiaries), and if required by applicable
Law it must, and must cause its Affiliates (but including only UGC and its
Subsidiaries) to, join in the execution of any such Tax Returns and other
documentation.&#160; VTR must pay all costs
and expenses related to the performance of its obligations under this
clause&nbsp;(c).</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Preparation and Filing of Tax Returns</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR must cause Metr&#243;polis and Proser to (i)&nbsp;timely file
all Tax Returns that are to be filed after the date hereof and (ii)&nbsp;timely
pay the Taxes due on those Tax Returns to the extent such Taxes are allocable
to a Post-Closing Period or were adequately reserved for (excluding reserves
for deferred Taxes) on the most recent Metr&#243;polis Financial Statements.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Transferors agree to furnish or cause to be furnished to
VTR, upon request, as promptly as practicable, such information and assistance
(including access to books, records and accounting work papers that are in such
Transferor&#146;s possession or under its control) relating to Metr&#243;polis and Proser
as is reasonably necessary for the preparation of any Tax Return, claim for
refund or Tax audit, or the prosecution or defense of any claim, suit or
proceeding relating to any proposed adjustment.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Controversies</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Notification of Proceedings</u>.&#160; If VTR receives written notice of any Tax
matter with respect to Metr&#243;polis or Proser that<b><font style="font-weight:bold;"> </font></b>would<b><font style="font-weight:bold;"> </font></b>affect a
Transferor, or a Transferor receives written notice of any Tax matter with
respect to Metr&#243;polis or Proser that<b><font style="font-weight:bold;"> </font></b>would<b><font style="font-weight:bold;"> </font></b>affect VTR, Metr&#243;polis or Proser, the
Party receiving such written notice must promptly notify the Party that could
be affected by such Tax matter; <u>provided</u>, <u>however</u>, that the
failure of any Party to so notify the other Party will not release, in whole or
in part, the other Party from its obligations under this Agreement, except to
the extent (and solely to the extent) that the first Party&#146;s failure to so
notify has materially damaged the other Party in respect of such Tax matter.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Cooperation</u>.</h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt .5in;text-indent:.5in;">&nbsp;</h3>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>After
the Closing, the Parties must use their commercially reasonable efforts to
cooperate with each other and with each other&#146;s agents, including accounting
firms and legal counsel, in connection with the preparation or audit of any Tax
Return, refund claim or Tax controversy matter with respect to Metr&#243;polis or Proser
or any of their respective activities.&#160;
Such cooperation must include making available any information, records
and documents in their possession or under their control related to Metr&#243;polis
or Proser that is relevant to the preparation or audit of any Tax Return,
refund claim or Tax controversy matter with respect to Metr&#243;polis or Proser or
any of their respective activities.&#160; Any
information provided or obtained under this clause&nbsp;(b)(i)&nbsp;must be</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SC - 2</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">kept confidential, except as may otherwise be necessary in connection
with the filing of a Tax Return, refund claims, Tax audits, Tax claims or Tax
litigation or as required by Law.</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>VTR
will be entitled, at the sole expense and liability of the Transferors, to
exercise full control of the defense (including which arguments to make and how
and when to make them), compromise, or settlement of any Tax controversy with
respect to Metr&#243;polis or Proser, including any administrative, judicial, or
other proceeding in connection with any Tax controversy (a &#147;<u>Tax Proceeding</u>&#148;)
that relates to any Tax issue that could give rise to a liability of a
Transferor to VTR under Section&nbsp;8.2(b)&nbsp;or Section&nbsp;8.3(b)&nbsp;of
the Agreement (a &#147;<u>Tax Liability Issue</u>&#148;), unless the Transferors, at any
time within 30 days after VTR has given notice to the Transferors concerning
such Tax Proceeding, (A)&nbsp;deliver a written confirmation to VTR that the
indemnification provisions of Section&nbsp;8.2(b)&nbsp;or Section&nbsp;8.3(b)&nbsp;of
the Agreement are applicable to such Tax Proceeding and such Tax Liability
Issue and that, subject to the remaining provisions of Article&nbsp;VIII, the Transferors
will indemnify VTR in respect of such Tax Proceeding and such Tax Liability
Issue pursuant to the terms of Section&nbsp;8.2(b)&nbsp;or Section&nbsp;8.3(b)&nbsp;of
the Agreement, (B)&nbsp;notify VTR in writing of the Transferors&#146; intention to
assume the defense thereof, and (C)&nbsp;retain legal counsel reasonably
satisfactory to VTR to conduct the defense of such Tax Proceeding.&#160; Notwithstanding anything to the contrary in
the immediately preceding sentence, the Transferors will not have any right to
assume the defense of such Tax Proceeding, if (1)&nbsp;such Tax Proceeding
seeks an injunction or other equitable relief and not money damages only, or (2)&nbsp;the
settlement or compromise of, or an adverse judgment with respect to, such Tax
Proceeding is, in the good faith judgment of VTR, likely to establish a
precedent, custom or practice materially adverse to the continuing business
interests or the reputation of VTR.&#160; VTR
must furnish to the Transferors copies of (1)&nbsp;all inquiries or requests
for information from any Tax Authority concerning any Tax Liability Issue, and (2)&nbsp;all
written communications and documents submitted to any Tax Authority with
respect to any Tax Liability Issue.&#160; Each
Party must furnish to the other Parties, promptly after receipt, a copy of all
information or document requests, notices of proposed adjustment, revenue agent&#146;s
reports or similar reports or notices of deficiency with respect to any Tax
Liability Issue together with all relevant documents and memos related to the
foregoing documents, notices or reports.</h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<h4 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>If
VTR or any of its Subsidiaries (including Metr&#243;polis and Proser) is required or
deems it advisable (after consultation with counsel)</h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SC - 3</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">to pay any Tax, file any bond or pay any other amount in order to
undertake a Tax Proceeding with respect to any Taxes for which a Transferor may
be liable under Section&nbsp;8.2(b)&nbsp;or Section&nbsp;8.3(b), VTR will first
notify the Transferors thereof.&#160; If one
or more of the Transferors agree to pay such amount to VTR or the applicable Subsidiary,
such Transferor(s) must advance such amount to VTR or the applicable Subsidiary
no later than three Business Days before such payment is to be made.&#160; The Transferors will not be entitled to
interest on such amount from VTR or any of its Affiliates.&#160; Within three Business Days after the receipt
by VTR or any of its Subsidiaries (including Metr&#243;polis and Proser) of a refund
of any such amount paid by a Transferor (including any related interest or
adjustment amount received by VTR or any of its Subsidiaries (including
Metr&#243;polis and Proser)), VTR must pay, or cause the applicable Subsidiary to
pay, such refunded amount to the applicable Transferor(s), net of any Tax cost
incurred by VTR or any its Subsidiaries (including Metr&#243;polis and Proser) as a
result of such refund.&#160; If no Transferor
agrees to pay such amount within three Business Days after receipt of the
notice thereof, VTR or the applicable Subsidiary, as applicable, will satisfy
such requirement.&#160; Upon a final
determination that any Tax is owed by any Transferor, such Transferor will pay
to VTR or such Subsidiary, as applicable, the amount of the Tax owed plus
interest thereon from the date paid to receipt of the payment from the
Transferors at a rate equal to the maximum contractual rate permitted by
Chilean Law.</font></h4>

<h4 style="font-weight:normal;margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></h4>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Record
Retention</u>.&#160; The Transferors must
retain and provide to VTR, Metr&#243;polis or Proser upon reasonable request any
records or other information (including accounting work papers) that are in
their possession or readily obtainable and that may be relevant to any Tax
matter with respect to Metr&#243;polis or Proser or examination, proceeding, or
determination with respect thereto.&#160;
Without limiting the generality of the foregoing, the Transferors must
retain, until the applicable statutes of limitations (including any extensions)
plus 90 days have expired, copies of all Tax Returns, supporting work papers,
and other records or information that may be relevant to any Tax Returns of
Metr&#243;polis or Proser and must not destroy or otherwise dispose of any such
records without first providing VTR, Metr&#243;polis or Proser with a reasonable
opportunity to review and copy the same.&#160;
Notwithstanding anything to the contrary contained in this
clause&nbsp;(c), the Transferors must retain any and all records or other
information described in the preceding sentences of this clause&nbsp;(c)&nbsp;that
are in their possession and that relate to any year in which Metr&#243;polis or Proser
had a cumulative Tax loss, until such time as VTR delivers written notice to
the Transferors that their continued retention of such records and other
information is no longer necessary.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SC - 4</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ExhibitA_130548"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT A</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
UNO TRANSFER AGREEMENT</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[omitted]</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EA - 1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ExhibitB_130550"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT B</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
CCC SUBSCRIPTION AND TRANSFER AGREEMENT</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[omitted]</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EB - 1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ExhibitC_130552"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT C</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
SHAREHOLDERS AGREEMENT</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[omitted]</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EC - 1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ExhibitD_130555"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT D</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
CCC WAIVER AND RELEASE</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cristaler&#237;as de Chile S.A., a Chilean </font><i><font style="font-style:italic;">sociedad an&#243;nima</font></i>
(&#147;<u>CCC</u>&#148;), for itself and on behalf of its Affiliates (as defined in the
Purchase and Contribution Agreement, dated as of the date hereof, among VTR
GlobalCom S.A., Liberty Comunicaciones de Chile Uno Ltda., and CCC (the &#147;<u>Agreement</u>&#148;)),
and their respective directors, managers, partners, shareholders, officers,
employees, successors and assigns, in consideration of the mutual promises,
covenants, and agreements set forth in the Agreement and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
hereby irrevocably and voluntarily fully releases and agrees to hold harmless
Liberty Media International Holdings, LLC, a Delaware U.S.A. limited liability
company (&#147;<u>LMINT</u>&#148;), and Liberty Media Corporation, a Delaware U.S.A.
corporation (&#147;<u>LMC</u>&#148;), and their respective Affiliates (including without
limitation Uno, Liberty Chile,&nbsp;Inc., and Liberty Chile Holdings,&nbsp;Inc.)
and their respective directors, managers, partners, shareholders, officers,
employees, successors and assigns (collectively, the &#147;<u>Released Persons</u>&#148;)
from any and all claims, demands, causes of action and liabilities they may
have or incur (whether currently foreseen or unforeseen, and whether or not
previously asserted) based upon or arising out of any and all matters relating
to the ownership, governance, funding and operation of Metr&#243;polis-Intercom
S.A., a Chilean <i><font style="font-style:italic;">sociedad
an&#243;nima</font></i> (&#147;<u>Metr&#243;polis</u>&#148;), Cordillera Comunicaciones Limitada
and Cordillera Comunicaciones Holding Limitada (collectively, the &#147;<u>Limitadas</u>&#148;),
or the relationship between CCC and LMINT or between CCC and LMC (or among CCC
and the Released Persons) regarding the ownership, governance, funding and
operation of Metr&#243;polis or the Limitadas on or prior to the date hereof, and
irrevocably waives any right it may have to assert any such claim, demand,
cause of action or liability; <u>provided</u>, <u>however</u>, that the
foregoing waiver and release does not extend to, and will not limit or affect,
any of the representations, warranties, covenants, or agreements set forth in
the Agreement or any of the other Transaction Documents (as defined in the
Agreement).</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Waiver and Release will be governed by and construed in accordance
with the laws of the Republic of Chile, without regard to principles governing
conflicts of law.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any controversy, claim or dispute that arises out of or relates to this
Waiver and Release will be exclusively and finally settled pursuant to and in
accordance with the Dispute Resolution Agreement.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All notices and other communications hereunder must be in writing and
must be delivered pursuant to and in accordance with Section&nbsp;9.5 of the
Agreement.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If at any time any provision contained in this Waiver and Release is
deemed in a final ruling of a court or other body of competent jurisdiction
(including an arbitral tribunal convened in accordance with the Dispute
Resolution Agreement) to be invalid or unenforceable, such provision will be
considered divisible and such provision will be deemed immediately amended and
reformed to include only such portion of such provision as is enforceable by
the court or other body having jurisdiction of this Waiver and Release; and
such provision, as so amended</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ED - 1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and reformed, will be valid and binding as though the invalid or unenforceable
portion had not been included herein.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No failure or delay by any party in exercising any right, power, or
remedy hereunder will operate as a waiver thereof, nor will any single or
partial exercise thereof or the exercise of any other right, power, or remedy
preclude any further exercise thereof or the exercise of any other right,
power, or remedy.&#160; No waiver of any
provision hereof will be construed as a waiver of any other provision.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: April&nbsp;13, 2005</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CRISTALER&#205;AS DE CHILE S.A.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Baltazar S&#225;nchez Guzm&#225;n</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cirilo Elton Gonz&#225;lez</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">General Manager</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="38%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:38.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ACCEPTED BY:</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:33.68%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LIBERTY MEDIA INTERNATIONAL<br>
  HOLDINGS, LLC</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:62.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:62.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LIBERTY MEDIA CORPORATION</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:62.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="33%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.44%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:62.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="32" style="border:none;"></td>
  <td width="250" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
  <td width="464" style="border:none;"></td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ED - 2</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='ED - 2',FILE='C:\JMS\vmaniraj\05-6805-1\task398440\6805-1-kg-05.htm',USER='vmaniraj',CD='Apr 16 09:31 2005' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ExhibitE_130600"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT E</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
LMINT/LMC WAIVER AND RELEASE</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Liberty Media International Holdings, LLC, a Delaware U.S.A. limited
liability company (&#147;<u>LMINT</u>&#148;), and Liberty Media Corporation, a Delaware
U.S.A. corporation (&#147;<u>LMC</u>&#148;), each for itself and on behalf of its
Affiliates (as defined in the Purchase and Contribution Agreement, dated as of
the date hereof, among VTR GlobalCom S.A., Liberty Comunicaciones de Chile Uno
Ltda., and Cristaler&#237;as de Chile S.A. (the &#147;<u>Agreement</u>&#148;), but for
purposes of this waiver and release not including UnitedGlobalCom,&nbsp;Inc. or
any of its Subsidiaries (as defined in the Agreement)) and their respective
directors, managers, partners, shareholders, officers, employees, successors
and assigns, in consideration of the mutual promises, covenants, and agreements
set forth in the Agreement and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, hereby irrevocably
and voluntarily fully release and agree to hold harmless Cristaler&#237;as de Chile S.A.,
a Chilean </font><i><font style="font-style:italic;">sociedad an&#243;nima</font></i> (&#147;<u>CCC</u>&#148;), and its Affiliates and
their respective directors, managers, partners, shareholders, officers,
employees, successors and assigns (collectively, the &#147;<u>Released Persons</u>&#148;)
from any and all claims, demands, causes of action and liabilities they may
have or incur (whether currently foreseen or unforeseen, and whether or not
previously asserted) based upon or arising out of any and all matters relating
to the ownership, governance, funding and operation of Metr&#243;polis-Intercom
S.A., a Chilean <i><font style="font-style:italic;">sociedad
an&#243;nima</font></i> (&#147;<u>Metr&#243;polis</u>&#148;), Cordillera Comunicaciones Limitada
and Cordillera Comunicaciones Holding Limitada (collectively, the &#147;<u>Limitadas</u>&#148;),
or the relationship between LMINT and CCC or between LMC and CCC (or among
LMINT and the Released Persons or LMC and the Released Persons) regarding the
ownership, governance, funding and operation of Metr&#243;polis or the Limitadas on
or prior to the date hereof, and irrevocably waives any right it may have to
assert any such claim, demand, cause of action or liability; <u>provided</u>, <u>however</u>,
that the foregoing waiver and release does not extend to, and will not limit or
affect any of the representations, warranties, covenants, or agreements set
forth in the Agreement or any of the other Transaction Documents (as defined in
the Agreement).</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Waiver and Release will be governed by and construed in accordance
with the laws of the Republic of Chile, without regard to principles governing
conflicts of law.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any controversy, claim or dispute that arises out of or relates to this
Waiver and Release will be exclusively and finally settled pursuant to and in
accordance with the Dispute Resolution Agreement.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All notices and other communications hereunder must be in writing and
must be delivered pursuant to and in accordance with Section&nbsp;9.5 of the
Agreement.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If at any time any provision contained in this Waiver and Release is
deemed in a final ruling of a court or other body of competent jurisdiction
(including an arbitral tribunal convened in accordance with the Dispute
Resolution Agreement) to be invalid or unenforceable, such provision will be
considered divisible and such provision will be deemed immediately amended and
reformed to include only such portion of such provision as is enforceable by
the court or</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EE - 1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='EE - 1',FILE='C:\JMS\vmaniraj\05-6805-1\task398440\6805-1-kg-05.htm',USER='vmaniraj',CD='Apr 16 09:31 2005' -->


<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">other body having jurisdiction of this Waiver and Release; and such
provision, as so amended and reformed, will be valid and binding as though the invalid
or unenforceable portion had not been included herein.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No failure or delay by any party in exercising any right, power, or
remedy hereunder will operate as a waiver thereof, nor will any single or
partial exercise thereof or the exercise of any other right, power, or remedy
preclude any further exercise thereof or the exercise of any other right,
power, or remedy.&#160; No waiver of any
provision hereof will be construed as a waiver of any other provision.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: April&nbsp;13, 2005</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LIBERTY MEDIA INTERNATIONAL<br>
  HOLDINGS, LLC</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="31%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="31%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LIBERTY MEDIA CORPORATION</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="31%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="31%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ACCEPTED BY:</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CRISTALER&#205;AS DE CHILE S.A.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="31%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Baltazar S&#225;nchez Guzm&#225;n</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="31%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cirilo Elton Gonz&#225;lez</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.86%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Its:</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in 0in 0in 0in;width:31.8%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">General Manager</font></p>
  </td>
  <td width="63%" valign="top" style="padding:0in 0in 0in 0in;width:63.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EE - 2</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ExhibitF_130605"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT F</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
PUT AGREEMENT</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[omitted, filed as Exhibit
10.6]</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EF - 1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ExhibitG_130607"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT G</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
DISPUTE RESOLUTION AGREEMENT</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[omitted, filed as Exhibit
10.7]</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EG - 1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="ExhibitH_130608"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT H</font></b></a></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;OF
GUARANTY</font></u></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">GUARANTY</font></b></p>

<p style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GUARANTY (this
<b><i><font style="font-style:italic;font-weight:bold;">&#147;Guaranty&#148;</font></i></b>) dated as of April&nbsp;13,
2005 by Liberty Media International, Inc., a corporation organized under the
laws of the State of Delaware, U.S.A., (the <b><i><font style="font-style:italic;font-weight:bold;">&#147;Guarantor&#148;</font></i></b>),
in favor of Cristaler&#237;as de Chile S.A., a <i><font style="font-style:italic;">sociedad an&#243;nima </font></i>organized
under the laws of Chile (<b><i><font style="font-style:italic;font-weight:bold;">&#147;CCC&#148;</font></i></b>).</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">Preliminary Statements</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
Guarantor desires to have CCC enter into a Put Agreement dated as of the date
hereof (as the same may be amended, modified or supplemented from time to time,
the <b><i><font style="font-style:italic;font-weight:bold;">&#147;Put Agreement&#148;</font></i></b>) with
UnitedGlobalCom, Inc., a corporation organized under the laws of the State of
Delaware, U.S.A. (the <b><i><font style="font-style:italic;font-weight:bold;">&#147;Company&#148;</font></i></b>),
which is an affiliate of the Guarantor.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>CCC
is willing to enter into the Put Agreement with the Company only on the
condition, among others, that the Company&#146;s obligations thereunder are
guaranteed by the Guarantor, on the terms set forth in this Guaranty.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW,
THEREFORE, in consideration of the premises and in order to induce CCC to enter
into the Put Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Guarantor hereby
agrees as follows:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Definitions.</b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Defined Terms</u>.&#160; As used in this Guaranty, the terms defined
in the preamble, preliminary statements and other sections of this Guaranty
shall have the respective meanings specified therein, capitalized terms defined
in the Put Agreement used and not otherwise defined herein shall have the
meanings set forth in the Put Agreement, and:</font></p>

<h2 style="font-weight:normal;margin:0in 0in .0001pt;text-decoration:underline;text-indent:.75in;"><u><font size="2" face="Times New Roman" style="text-decoration:none;">&nbsp;</font></u></h2>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Obligations&#148;</font></i></b>
shall mean (i) the payment of the Put Price and all other amounts payable by
the Company to CCC under the Put Agreement, whether, absolute or contingent,
due or to become due (including, without limitation, interest or other charges
as would have accrued on any portion of the payment obligations but for the
commencement of any bankruptcy or insolvency proceedings by or affecting the
Company, it being the intention of the parties that the Obligations that are
guaranteed by the Guarantor pursuant to this Guaranty should be determined
without regard to any rule of law or order that may relieve the Company of any
portion of such Obligations because of a bankruptcy or insolvency action or
proceeding); (ii) the obligation to purchase all the Equity Interests and
certain debt of VTR GlobalCom S.A. held by the CCC Control Group for the Put
Price on the terms set forth in the Put Agreement; and (iii) all other
obligations of the Company under the Put Agreement as and when required in
accordance with the terms of the Put Agreement.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EH - 1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Terms
Generally</u>.&#160; The definitions of terms
herein shall apply equally to the singular and plural forms of the terms
defined.&#160; Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and
neuter forms.&#160; The words &#147;include,&#148;
&#147;includes&#148; and &#147;including&#148; shall be deemed to be modified by the phrase
&#147;without limitation.&#148;&#160; The word &#147;will&#148;
shall be construed to have the same meaning and effect as the word
&#147;shall.&#148;&#160; Unless the context requires
otherwise (a) any definition of or reference herein to any agreement,
instrument or other document shall be construed as referring to such agreement,
instrument or other document as from time to time amended, supplemented or
otherwise modified in accordance with the provisions hereof and thereof; (b)
any reference herein to any person shall be construed to include such person&#146;s
successors and permitted assigns; (c) the words &#147;herein,&#148; &#147;hereof&#148; and
&#147;hereunder,&#148; and words of similar import, shall be construed to refer to this
Guaranty in its entirety and not to any particular provision of this Guaranty;
and (d) the words &#147;asset&#148; and &#147;property&#148; shall be construed to have the same
meaning and effect and to refer to any and all tangible and intangible assets
and properties.&#160; Article&nbsp;and section&nbsp;headings
used herein are for convenience of reference only, are not part of this
Guaranty and shall not affect the construction of, or be taken into
consideration in interpreting, this Guaranty.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Guaranty.</b></p>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:.75in;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Irrevocable
Guaranty</u>.&#160; The Guarantor hereby
unconditionally and irrevocably guarantees, as a primary obligor and not merely
as a surety, to CCC that all of the Obligations will be promptly paid or
performed in full when due in accordance with the provisions of the Put
Agreement.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If for any
reason any of the Obligations, or any part thereof, shall not be paid or
performed promptly when due in accordance with the Put Agreement, then in each
such instance upon written demand of payment or performance made by CCC to the
Guarantor, the Guarantor shall pay or perform the same in accordance with the
provisions of the Put Agreement.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Guarantor
also agrees to pay to CCC such further amounts as shall be sufficient to cover
the costs and expense of collecting such sums, or any part thereof, or of
otherwise enforcing this Guaranty, including reasonable fees and expenses of
legal counsel for CCC.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>No
Subrogation</u>.&#160; Notwithstanding any
payment or payments made by the Guarantor hereunder or any set-off or
application of funds of the Guarantor by CCC, until all amounts owing to CCC by
the Guarantor and the Company for or on account of the Obligations are
indefeasibly paid in full, the Guarantor shall not (i)&nbsp;be entitled to be
subrogated to any of the rights of CCC against the Company or any other
guarantor or in any collateral security or guaranty or right of offset held by
CCC for the payment of any Obligations, or (ii) seek any reimbursement or
contribution from the Company or any other guarantor in respect of any payment,
set-off or application of funds made by the Guarantor hereunder.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EH - 2</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>No
Effect on Guaranty</u>.&#160; The obligations
of the Guarantor under this Guaranty shall not be altered, limited, impaired or
otherwise affected by:</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
rescission of any demand for payment or performance of any of the Obligations
or any failure by CCC to make any such demand on the Company (other than the
proper and timely exercise by CCC of its rights under the Put Agreement) or any
other guarantor or to collect any payments from the Company or any other
guarantor or any release of the Company or any other guarantor;</p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
renewal, extension, modification, amendment, acceleration, compromise, waiver,
indulgence, rescission, discharge (other than by performance of the Obligations
in full or by termination of the Put Agreement in accordance with its terms),
surrender or release, in whole or in part, of the Put Agreement or the
Obligations or any other instrument or agreement evidencing, relating to,
securing or guaranteeing any of the Obligations, or the liability of any party
to any of the foregoing or for any part thereof or any collateral security
therefor or guaranty thereof;</p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the
validity, regularity or enforceability of any of the Obligations or of the Put
Agreement or any other instrument or agreement evidencing, securing or
guaranteeing any of the Obligations at any time or from time to time;</p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
change, whether direct or indirect, in the Guarantor&#146;s relationship to the
Company, including any such change by reason of any merger or consolidation or
any sale, transfer, issuance, spin-off, distribution or other disposition of
any stock, equity interest or other security of the Company, the Guarantor or
any other entity;</p>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
failure by CCC to protect, secure, perfect, record, insure or enforce any
security document or collateral subject thereto at any time constituting
security for the Obligations or any part thereof;</h3>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
act or omission of CCC relating in any way to the Obligations, including any
failure to bring an action against any party liable on the Obligations, or any
party liable on any guaranty of the Obligations, or any party which has
furnished security for the Obligations, or to apply any funds of any such party
held by CCC, or to resort to any collateral held by CCC;</h3>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
defense, set-off or counterclaim which may at any time be available to or be
asserted by or on behalf of the Company or the Guarantor against CCC or any
circumstance which constitutes, or might be construed to constitute, an
equitable or legal discharge of the Company or any other guarantor for any of
the Obligations, in bankruptcy or in any other instance;</h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
proceeding, voluntary or involuntary, involving bankruptcy, insolvency,
receivership, reorganization, liquidation or arrangement of the Company or any
other guarantor or any defense which the Company or any other guarantor may
have</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EH - 3</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">by reason of the order, decree or decision of any court or
administrative body resulting from any such proceeding; and</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>any
other act or omission that may or might in any manner or to any extent vary the
risk of the Guarantor or that may or might otherwise operate as a discharge of
the Guarantor as a matter of law or equity (other than the indefeasible payment
or performance in full of all the Obligations).</h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Maximum
Liability</u>.&#160; Notwithstanding the
foregoing, the maximum liability of the Guarantor hereunder with respect to the
Obligations shall in no event exceed an amount that would render the Guarantor
insolvent within the meaning of any United States federal or state bankruptcy,
insolvency, receivership, reorganization, liquidation or other law for the
relief of debtors applicable to the Guarantor.</h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.5</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Continuing
Guaranty</u>.&#160; This Guaranty shall be
construed as a continuing, absolute and unconditional guaranty of payment and
performance when due, and not of collection only, and the obligations of the
Guarantor hereunder shall not be conditioned or contingent upon the pursuit by
CCC at any time of any right or remedy against the Company (other than the
proper and timely exercise by CCC of its rights under the Put Agreement) or
against any other person which may be or become liable in respect of all or any
part of the Obligations or against any collateral security or guaranty
therefor.&#160; This Guaranty shall remain in
full force and effect until the Obligations shall have been satisfied by
indefeasible payment or performance in full or until the termination of the Put
Agreement in accordance with its terms, notwithstanding that from time to time
during the term of the Put Agreement, the Company may be free from any
Obligations.</h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.6</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Reinstatement
of Guaranty</u>.&#160; This Guaranty shall
continue to be effective, or be reinstated, as the case may be, if at any time
payment, or any part thereof, of any of the Obligations is avoided, rescinded
or must otherwise be restored or returned by CCC to the Company or its
representative or to any other guarantor for any reason including as a result
of any insolvency, bankruptcy or reorganization proceeding with respect to the
Company or the Guarantor, all as though such payment had not been made.</h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.7</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Put
Performance</u>.&#160; If any of the following
events occur or conditions exist, CCC (in addition to any other rights or
remedies it may have) may in its sole discretion elect to have the Guarantor pay
and perform the Obligations, without prior demand on, notice to, or any other
action by or in respect of, the Company, as fully as if the Guarantor was named
as a party to the Put Agreement instead of the Company:</h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Any
proceeding under any bankruptcy, insolvency, liquidation, reorganization,
moratorium or other law for the relief of debtors has been initiated by or
against the Company;</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EH - 4</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>A
liquidator, receiver, trustee, custodian or other similar official has been
appointed for the Company or its property and assets (whether pursuant to any
law referred to in clause (a) of this Section&nbsp;or otherwise); or</h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the
Company takes any action to dissolve, liquidate, wind-up or terminate its
existence.</h3>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If CCC elects to exercise its right under this Section, it will give
written notice of such election to the Guarantor.</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Representations
and Warranties of the Guarantor</b>.&#160; The
Guarantor hereby represents and warrants to CCC, as follows:</h3>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:.75in;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
Guarantor is a corporation, validly existing and in good standing under laws of
the State of Delaware, U.S.A.</h3>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
Guarantor has full corporate power and authority to execute and deliver this
Guaranty and to perform its obligations hereunder.</h3>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
execution, delivery and performance of this Guaranty have been duly authorized
by all necessary corporate action on the part of the Guarantor.</h3>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>This
Guaranty has been duly executed and delivered by the Guarantor and constitutes
the legal, valid and binding obligation of the Guarantor, enforceable against
it in accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency or other similar laws affecting creditors&#146; rights
generally or by general principles of equity.</h3>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.75in;"><font size="2" face="Times New Roman">&nbsp;</font></h3>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The
execution, delivery and performance by the Guarantor of this Guaranty and the
payment and performance of the Obligations by the Guarantor will not violate;
breach; conflict with; constitute a default or event of default under; create
any right on the part of any person for termination, cancellation,
acceleration, repurchase, prepayment, repayment, increased payments, collateral
security, any tender or offer to purchase or redeem or repurchase, or any offer
to prepay, repay or make increased payments; result in the creation of any Lien
on any material property or assets of the Guarantor; result in the creation of
any other material obligation or liability or the loss of a material right or
benefit; or result in any other circumstance, event or condition that would
reasonably be expected to have a material adverse effect on the Guarantor (in
each case with or without the giving of notice or lapse of time or both) under
or pursuant to:&#160; (A)&nbsp;the certificate
of incorporation, bylaws or other organizational documents of the Guarantor;
(B)&nbsp;any Law of any jurisdiction applicable to the Guarantor or its
property or assets as of the date of this Guaranty; or (C)&nbsp;any Contract or
License to which the Guarantor is a party or by which the Guarantor or any of
its property or assets is bound, except in each case under this clause&nbsp;C
as would not, individually or in the aggregate, materially adversely affect the
Guarantor&#146;s ability to perform its obligations under this Guaranty.</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EH - 5</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Election
of Remedies.</b>&#160; Each and every right,
power and remedy herein given to CCC, or otherwise existing, shall be
cumulative and not exclusive, and be in addition to all other rights, powers
and remedies now or hereafter granted or otherwise existing.&#160; Each and every right, power and remedy
whether specifically herein given or otherwise existing may be exercised, from
time to time and as often and in such order as may be deemed expedient by CCC.</h3>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:.75in;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">5.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Effect
of Delay or Omission to Pursue Remedy.</b>&#160;
No single or partial waiver by CCC of any right, power or remedy, or
delay or omission by CCC in the exercise of any right, power or remedy which it
may have (except for any delay or omission by CCC to properly and timely
exercise its rights under the Put Agreement) shall impair any such right, power
or remedy or operate as a waiver thereof or of any other right, power or remedy
then or thereafter existing.&#160; Any waiver
given by CCC of any right, power or remedy in any one instance shall only be
effective in that specific instance and only for the purpose for which given,
and will not be construed as a waiver of any right, power or remedy on any
future occasion.</h3>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:.75in;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">6.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Guarantor&#146;s
Waivers.</b>&#160; Except for the notice of
exercise required under the Put Agreement, the Guarantor waives any and all
notice of the creation, renewal, extension or accrual of any of the Obligations
and notice of or proof of reliance by CCC upon this Guaranty or acceptance of
this Guaranty; the Obligations, and any of them, shall conclusively be deemed
to have been created, contracted, incurred, renewed, extended, amended or
waived in reliance upon this Guaranty.&#160;
Except for the notice of exercise required under the Put Agreement, the
Guarantor waives presentment, demand, notice, and protest of all instruments
included in or evidencing any of the Obligations or collateral security for any
Obligations and all other demands and notices in connection with the delivery,
acceptance, performance, default or enforcement of any such instrument or this
Guaranty.</h3>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:53.3pt;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Amendment.</b>&#160; This Guaranty may not be modified, amended,
terminated or revoked, in whole or in part, except by an agreement in writing
signed by CCC and the Guarantor.&#160; No
waiver of any term, covenant or provision of this Guaranty, or consent given
hereunder, shall be effective unless given in writing by CCC.</h3>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:53.3pt;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Notices.</b>&#160; All notices and other communications required
or permitted hereunder shall be in writing and shall be deemed to have been
sufficiently given to any party hereto if personally delivered or if sent by
telegram, telecopy or telex, or by registered or certified mail, return receipt
requested, or by recognized courier service, postage or other charges prepaid
addressed as follows:</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EH - 6</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='EH - 6',FILE='C:\JMS\vmaniraj\05-6805-1\task398440\6805-1-kg-05.htm',USER='vmaniraj',CD='Apr 16 09:31 2005' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="60%" style="border-collapse:collapse;width:60.0%;">
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If to the
  Guarantor:</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Liberty
  Media International, Inc.<br>
  Attn: Elizabeth Markowski, Esq.<br>
  12300 Liberty Boulevard<br>
  Englewood, CO 80112<br>
  Facsimile: (720) 875-5858 </font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">with a copy
  to:</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amy L.
  Hirter<br>
  Sherman &amp; Howard LLC<br>
  633 17<sup>th</sup> Street, Suite 3000<br>
  Denver, CO 80202<br>
  Facsimile: (303) 298-0940</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If to CCC:</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cristaler&#237;as
  de Chile S.A.<br>
  Attn: Juan Antonio Alvarez<br>
  Hendaya 60<br>
  Piso 14, Las Condes<br>
  Santiago, Chile<br>
  Facsimile: 562 331-5153<br>
  with a copy to:</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.4%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="74%" valign="top" style="padding:0in 0in 0in 0in;width:74.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attn:
  Baltazar Sanchez<br>
  Facsimile: 562 441-3701</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">or to such other address as may
be specified from time to time by the Guarantor or CCC in a notice to the other
party given as herein provided.&#160; Such
notice or communication will be deemed to have been given as of the date so
personally delivered, telegraphed, telecopied, telexed, mailed or sent by
courier.</font></p>

<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Successors
and Assigns.</b>&#160; No party may assign any
of its rights or delegate any of its duties under this Guaranty without
(a)&nbsp;the prior written consent of the other party (except that CCC&#146;s
consent will not be required in case of (i)&nbsp;any assignment or delegation
whereby the Guarantor is not released or otherwise discharged from its duties
under this Guaranty, or (ii)&nbsp;a complete assignment and delegation by the
Guarantor to Liberty Global, Inc. after the consummation of the transactions
contemplated by the UGC/LMI Merger Agreement, in which case, and provided the
equity securities of Liberty Global, Inc. are publicly traded on a national
securities exchange in the United States of America, the Guarantor will be
released and discharged from its duties under this Guaranty), and (b)&nbsp;the
complete assumption by the assignee of all of the duties of the assignor under
this Guaranty.&#160; All of the terms and
provisions of this Guaranty will be</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EH - 7</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">binding on, and will inure to the benefit of, the respective successors
and permitted assigns of the parties.</font></p>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:53.3pt;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">10.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>CONSENT
TO JURISDICTION.</b> ALL LEGAL ACTIONS OR PROCEEDINGS BROUGHT AGAINST THE GUARANTOR
WITH RESPECT TO THIS GUARANTY MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF
COMPETENT JURISDICTION IN THE STATE OF NEW YORK, AND BY EXECUTION AND DELIVERY
OF THIS GUARANTY THE GUARANTOR ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS
PROPERTIES, THE JURISDICTION OF THE AFORESAID COURTS, AND IRREVOCABLY AGREES TO
BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS
GUARANTY.&#160; THE GUARANTOR HEREBY EXPRESSLY
AND IRREVOCABLY WAIVES ANY CLAIM OR DEFENSE IN ANY SUCH ACTION OR PROCEEDING
BASED ON ANY ALLEGED LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR <u>FORUM</u>
<u>NON</u>  <u>CONVENIENS</u> OR ANY SIMILAR BASIS.&#160; THE GUARANTOR FURTHER IRREVOCABLY CONSENTS TO
THE SERVICE OF ANY COMPLAINT, SUMMONS, NOTICE OR OTHER PROCESS RELATING TO ANY
LEGAL ACTION OR PROCEEDING BY DELIVERY THEREOF TO IT BY HAND OR BY MAIL TO THE
ADDRESS DETERMINED UNDER SECTION&nbsp;10 HEREOF.&#160; NOTHING HEREIN SHALL AFFECT THE RIGHT OF CCC
TO BRING PROCEEDINGS AGAINST THE GUARANTOR IN THE COURTS OF ANY OTHER
JURISDICTION OR TO SERVE PROCESS IN ANY MANNER PERMITTED BY LAW.</h3>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:53.3pt;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">11.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>GOVERNING
LAW.</b>&#160; THIS GUARANTY SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO PRINCIPLES OF CONFLICTS OF LAW (OTHER THAN SECTION&nbsp;5-1401 OF THE
NEW YORK GENERAL OBLIGATIONS LAW, WHICH SHALL APPLY TO THIS GUARANTY).</h3>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:53.3pt;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">12.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>WAIVER
OF JURY TRIAL.</b>&#160; THE GUARANTOR AND CCC
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY
IN ANY ACTION, SUIT OR COUNTERCLAIM ARISING IN CONNECTION WITH THIS GUARANTY.</h3>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:53.3pt;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">13.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Severability.</b>&#160; If any provision hereof is invalid or
unenforceable in any jurisdiction, the other provisions hereof shall remain in
full force and effect in such jurisdiction and the remaining provisions hereof
shall be construed in order to carry out the provisions hereof.&#160; The invalidity or unenforceability of any
provision of this Guaranty in any jurisdiction shall not affect the validity or
enforceability of any such provision in any other jurisdiction.</h3>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EH - 8</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">14.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Payment
Currency.</b>&#160; Each payment under this
Guaranty shall be made in United States Dollars to the extent payment in United
States Dollars is required by the Put Agreement.</h3>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:.75in;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-size:10.0pt;font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">15.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font style="font-weight:bold;">Entire Agreement.</font></b>&#160;
This Guaranty contains, and is intended as, a complete statement of all
of the terms of the agreements between the parties with respect to the matters
provided for herein, and supersedes and discharges any previous agreements and
understandings between the parties with respect to those matters, including any
and all other agreements different from the Put Agreement under which CCC has
or may have the right to require the Guarantor, Liberty Media Corporation or
any of their respective affiliates to purchase equity interests or debt of VTR
GlobalCom S.A. held by the CCC Control Group.</h3>

<h1 style="margin:0in 0in .0001pt;page-break-after:auto;text-align:center;text-indent:.75in;"><b><font size="2" face="Times New Roman">&nbsp;</font></b></h1>

<h3 style="font-weight:normal;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS
WHEREOF, the parties have caused this Guaranty to be executed and delivered on
its behalf as of the date first written above.</font></h3>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LIBERTY
  MEDIA INTERNATIONAL,<br>
  INC.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="top" style="padding:0in 0in 0in 0in;width:16.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:46.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name: Elizabeth M. Markowski</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:46.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title: Senior Vice President</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CRISTALERIAS
  DE CHILE S.A.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16%" valign="top" style="padding:0in 0in 0in 0in;width:16.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:46.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name: </font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:46.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">EH - 9</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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