Common use of Election to Convert Clause in Contracts

Election to Convert. To NTL Incorporated The undersigned owner of this Note hereby irrevocably exercises the option to convert this Note, or the portion below designated, into Common Stock of NTL Incorporated in accordance with the terms of the Indenture referred to in this Note, and directs that the shares issuable and deliverable upon conversion, together with any check in payment for fractional shares, be issued in the name of and delivered to the undersigned, unless a different name has been indicated in the assignment below. If the shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto. Any holder of Notes, upon the exercise of its conversion rights in accordance with the terms of the Indenture and the Note, agrees to be bound by the terms of the Registration Rights Agreement relating to the Common Stock issuable upon conversion of the Notes. Date: in whole ___ Portions of Note to be converted ($1,000 or integral multiples thereof): $______________ Signature ______________________________________ Please Print or Typewrite Name and Address, Including Zip Code, and Social Security or Other Identifying Number ________________________________________________ ________________________________________________ ________________________________________________ Signature Guarantee: * ________________________ * Signature must be guaranteed by a commercial bank, trust company or member firm of the New York Stock Exchange. [TO BE ATTACHED TO GLOBAL NOTES] SCHEDULE A SCHEDULE OF PRINCIPAL AMOUNT The initial principal amount of this Global Note shall be $__________________. The following increases or decreases in the principal amount of this Global Note have been made: Amount of decrease in Amount of increase Principal amount of Signature of Date of exchange principal amount of in principal amount this Global Note authorized officer following such this Global Note of this Global Note of Trustee or Notes decrease or increase Custodian -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- EXHIBIT B FORM OF TRANSFER CERTIFICATE FOR TRANSFER FROM RULE 144A GLOBAL NOTE OR RESTRICTED NOTE TO REGULATION S GLOBAL NOTE (Transfers pursuant to (Section) 2.06(a)(ii) or 2.06(a)(vi) of the Indenture) The Chase Manhattan Bank, as Trustee 450 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇n: Capital Markets Fiduciary Services Re: NTL Incorporated 5-3/4% Convertible Subordinated Notes due 2009 (the "NOTES") Reference is hereby made to the Indenture, dated as December 22, 1999 (the "INDENTURE"), between NTL Incorporated, as Issuer, and The Chase Manhattan Bank, as Trustee. This letter relates to $[ ] [check one] (i) [ ] aggregate principal amount of Notes which are held in the form of the Rule 144A Global Note (CUSIP No. 6294▇▇▇▇▇) ▇▇th the Depositary or (ii) [ ] principal amount of Restricted Note (CUSIP No. _________) registered, in either case, in the name of [ ] (the "TRANSFEROR") to effect the transfer of the Notes in exchange for an equivalent beneficial interest in the Regulation S Global Notes. In connection with such request, the Transferor does hereby certify that such transfer has been effected in accordance with (i) the transfer restrictions set forth in the Notes and (ii) that:

Election to Convert. To NTL Incorporated To: The AES Corporation The undersigned owner of this Note Debenture hereby irrevocably exercises the option to convert this NoteDebenture, or the portion below designated, into Common Stock of NTL Incorporated THE AES CORPORATION, in accordance with the terms of the Indenture referred to in this NoteDebenture, and directs that the shares issuable and deliverable upon conversion, together with any check in payment for fractional shares, be issued in the name of and delivered to the undersigned, unless a different name has been indicated in the assignment below. If the shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto. Any holder of Notes, upon the exercise of its conversion rights in accordance with the terms of the Indenture and the Note, agrees to be bound by the terms of the Registration Rights Agreement relating to the Common Stock issuable upon conversion of the Notes. Date: in whole __________, ____ in whole Portions of Note Debenture to be converted ($1,000 50 or integral multiples thereof): $______________ Signature ______________________________________ Signature (for conversion only) Please Print or Typewrite Name and Address, Including Zip Code, and Social Security or Other Identifying Number ________________________________________________ _________________________ _________________________ Signature Guarantee:1______ -------- 1 Signature must be guaranteed by an "eligible guarantor institution" that is a bank, stockbroker, savings and loan association or credit union meeting the requirements of the Conversion Agent, which requirements include membership of participation in the Securities Transfer Agents Medallion Program ("STAMP") or such other "signature guarantee program" as may be determined by the Conversion Agent in addition to, or in substitution for, STAMP, all in accordance with the Securities and Exchange Act of 1934, as amended. FOR VALUE RECEIVED, the undersigned assigns and transfers this Debenture to: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- (Insert assignee's social security or tax identification number) ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- (Insert address and zip code of assignee) and irrevocably appoints ------------------------------------------------------- ------------------------------------------------------------------------------- agent to transfer -------------------------------------------------------------- this Debenture on the books of the Trust. The agent may substitute another to act for him or her. Date:________________________________________________ Signature Guarantee: * ________________________ * Signature must be guaranteed by a commercial bank, trust company or member firm of the New York Stock Exchange. [TO BE ATTACHED TO GLOBAL NOTES] SCHEDULE A SCHEDULE OF PRINCIPAL AMOUNT The initial principal amount of this Global Note shall be $__________________. The following increases or decreases in the principal amount of this Global Note have been made: Amount of decrease in Amount of increase Principal amount of Signature of Date of exchange principal amount of in principal amount this Global Note authorized officer following such this Global Note of this Global Note of Trustee or Notes decrease or increase Custodian -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- EXHIBIT B FORM OF TRANSFER CERTIFICATE FOR TRANSFER FROM RULE 144A GLOBAL NOTE OR RESTRICTED NOTE TO REGULATION S GLOBAL NOTE (Transfers pursuant to (Section) 2.06(a)(ii) or 2.06(a)(vi) of the Indenture) The Chase Manhattan Bank, as Trustee 450 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇n: Capital Markets Fiduciary Services Re: NTL Incorporated 5-3/4% Convertible Subordinated Notes due 2009 (the "NOTES") Reference is hereby made to the Indenture, dated as December 22, 1999 (the "INDENTURE"), between NTL Incorporated, as Issuer, and The Chase Manhattan Bank, as Trustee. This letter relates to $[ ] [check one] (i) [ ] aggregate principal amount of Notes which are held in the form of the Rule 144A Global Note (CUSIP No. 6294▇▇▇▇▇) ▇▇th the Depositary or (ii) [ ] principal amount of Restricted Note (CUSIP No. _________) registered, in either case, in the name of [ ] (the "TRANSFEROR") to effect the transfer of the Notes in exchange for an equivalent beneficial interest in the Regulation S Global Notes. In connection with such request, the Transferor does hereby certify that such transfer has been effected in accordance with (i) the transfer restrictions set forth in the Notes and (ii) that:

Election to Convert. To NTL Incorporated To: Akamai Technologies, Inc. The undersigned owner of this Note hereby irrevocably exercises exercise the option to convert this Note, or the portion below designated, into Common Stock of NTL Incorporated Akamai Technologies, Inc. in accordance with the terms of the Indenture referred to in this Note, and directs directors that the shares issuable and deliverable upon conversion, together with any check in payment for fractional shares, be issued in the name of and delivered to the undersigned, unless a different name has been indicated in the assignment below. If the shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto. Any holder of Notes, upon the exercise of its conversion rights in accordance with the terms of the Indenture and the Note, agrees to be bound by the terms of the Registration Rights Agreement relating to the Common Stock issuable upon conversion of the Notes. Date: in whole ___ In Whole [ ] In Part [ ] as follows: Portions of Note to be converted ($1,000 or integral multiples thereof): $______________ Signature ______________________________________ Signature Please Print print or Typewrite Name and Address, Including Zip Codecode, and Social Security or Other Identifying Number ________________Number: ________________________________ ________________________________________________ ________________________________________________ Signature Guarantee: * _____________:*___________ * Signature must be guaranteed by a commercial bank, trust company or member firm of the New York Stock Exchange. [TO BE ATTACHED TO GLOBAL NOTES] SCHEDULE A Exchange SCHEDULE OF PRINCIPAL AMOUNT The initial principal amount of this Global Note shall be $__________________$ . The following increases or decreases in the principal amount of this Global Note have been made: Amount of decrease Signature of authorized in principal Amount of increase Signature of authorized officer amount of this in principal amount Principal amount of Signature officer of Date Trustee or of exchange principal amount of in principal amount this Global Note authorized officer following such this Trustee or Global Note of this Global Note of Trustee or this Global Note Notes decrease or increase Custodian -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------- EXHIBIT B FORM OF TRANSFER CERTIFICATE FOR TRANSFER FROM RULE 144A GLOBAL NOTE OR RESTRICTED NOTE TO REGULATION S GLOBAL NOTE (Transfers pursuant to (Section) 2.06(a)(ii) or 2.06(a)(vi) of the Indenture) The Chase Manhattan Bank, as Trustee 450 ▇▇▇▇ ▇▇Securities Custodian A-32 ▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇HNOLOGIES, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇n: Capital Markets Fiduciary Services Re: NTL Incorporated INC. 5-3/41/2% Convertible Subordinated Notes due 2009 (the "NOTES") Reference is hereby made to the Indenture, dated as December 22, 1999 (the "INDENTURE"), between NTL Incorporated, as Issuer, and The Chase Manhattan Bank, as Trustee. This letter relates to $[ ] [check one] (i) [ ] aggregate principal amount of Notes which are held in the form of the Rule 144A Global Note (CUSIP CONVERTIBLE SUBORDINATED NOTE DUE 2007 ACCREDITED INVESTOR GLOBAL NOTE No. 6294▇▇▇▇▇) ▇▇th the Depositary or (ii) [ ] principal amount of Restricted Note (A-1 CUSIP No. _______ $___) registered_____________ Akamai Technologies, in either caseInc., in the name of [ ] a Delaware corporation (hereinafter called the "TRANSFERORCompany") , which term includes any successors under the Indenture hereinafter referred to), for value received, hereby promises to effect the transfer of the Notes in exchange for an equivalent beneficial interest in the Regulation S Global Notes. In connection with such requestpay to Cede & Co., or registered assigns, the Transferor does hereby certify that such transfer has been effected in accordance with principal sum of ___________________ dollars (i) $___________), on ______________, 2007. Interest Payment Dates: July 1 and January 1: commencing January 1, 2001. Record Dates: June 15 and December 15. Reference is made to the transfer restrictions further provisions of this Note hereinafter set forth, which will, for all purposes, have the same effect as if set forth in the Notes and (ii) that:at this place.