Euro Senior Subordinated Deposit and Custody Agreement Sample Contracts

As Issuer, THE BANK OF NEW YORK As Book-entry Depositary THE BANK OF NEW YORK As Senior Subordinated Note Custodian and THE OWNERS OF BOOK-ENTRY INTERESTS in
Euro Senior Subordinated Deposit and Custody Agreement • October 29th, 2003 • Valentia Telecommunications • Telephone communications (no radiotelephone) • New York

THIS EURO SENIOR SUBORDINATED DEPOSIT AND CUSTODY AGREEMENT (the “Agreement”) is made as of this 7th day of August, 2003 by and among eircom Funding, an unlimited public company incorporated under the laws of the Republic of Ireland, which is a party hereto for the limited purposes referred to herein, The Bank of New York, as the “Book-entry Depositary” (as defined below), The Bank of New York, as the “Senior Subordinated Note Custodian” (as defined below), and owners from time to time of Book-entry Interests.

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