Exhibit 10.1


 


Execution Version


 


CCO HOLDINGS, LLC


CCO HOLDINGS CAPITAL CORP.


 


4.250% SENIOR NOTES DUE 2031


 


EXCHANGE AND REGISTRATION RIGHTS AGREEMENT


 


July 24,
2020


 


Morgan Stanley & Co. LLC


As representative (“Representative”) of the
Purchasers


 


c/o Morgan Stanley &
Co. LLC


1585 Broadway


New York, New York 10036


 


Ladies and Gentlemen:


 


CCO Holdings, LLC, a Delaware limited liability
company (the “Company”), and CCO Holdings Capital Corp., a Delaware corporation (together with the Company,
the “Issuers”), propose, subject to the terms and conditions stated herein, to issue and sell to the Purchasers
(as defined herein) upon the terms set forth in the Purchase Agreement (as defined herein) $1,500,000,000 aggregate principal amount
of their 4.250% Senior Notes due 2031 (the “Notes”) on July 24, 2020. In satisfaction of a condition to
the obligations of the Purchasers under the Purchase Agreement, the Issuers agree with the Purchasers for the benefit of holders
(as defined herein) from time to time of the Registrable Securities (as defined herein) as follows:


 


SECTION 1.     Certain
Definitions. For purposes of this Exchange and Registration Rights Agreement, the following terms shall have the following
respective meanings:


 


“Agreement” shall mean
this Exchange and Registration Rights Agreement.


 


“Base Indenture” shall
mean the Indenture, dated as of May 23, 2019, among the Issuers and the Trustee.


 


“Base Interest” shall mean
the interest that would otherwise accrue on the Notes under the terms thereof and the Indenture, without giving effect to the provisions
of this Agreement.


 


“broker-dealer” shall mean
any broker or dealer registered with the Commission under the Exchange Act.


 


“CCH II” means CCH II,
LLC, a Delaware limited liability company.


 


“Charter” shall mean Charter
Communications Inc., a Delaware corporation.


 






    


     


    

 


“Charter Holdings” shall
mean Charter Communications Holdings, LLC, a Delaware limited liability company.


 


“Closing
Date” shall mean July 24, 2020.


 


“Commission” shall mean
the United States Securities and Exchange Commission, or any other federal agency at the time administering the Exchange Act or
the Securities Act, whichever is the relevant statute for the particular purpose.


 


“Company” shall have the
meaning assigned thereto in the introductory paragraph hereto.


 


“Conduct Rules” shall have
the meaning assigned thereto in Section 3(e)(xix) hereof.


 


“Effective Time,” in the
case of (i) an Exchange Offer Registration, shall mean the time and date as of which the Commission declares the Exchange
Offer Registration Statement effective or as of which the Exchange Offer Registration Statement otherwise becomes effective and
(ii) a Shelf Registration, shall mean the time and date as of which the Commission declares the Shelf Registration Statement
effective or as of which the Shelf Registration Statement otherwise becomes effective.


 


“Electing Holder” shall
mean any holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Issuers in accordance
with Section 3(e)(ii) or 3(e)(iii) hereof.


 


“Exchange Act” shall mean
the Securities Exchange Act of 1934, or any successor thereto, and the rules, regulations and forms promulgated thereunder, all
as the same shall be amended from time to time.


 


“Exchange Date” shall have
the meaning assigned thereto in Section 2(a) hereof.


 


“Exchange Notes” shall
mean the senior notes issued by the Issuers under the Indenture substantially identical in all material respects to the Notes (and
entitled to the benefits of the Indenture which shall be qualified under the Trust Indenture Act), except that they have been registered
pursuant to an effective registration statement under the Securities Act and do not contain provisions for the additional interest
contemplated in Section 2(c) hereof, to be issued to holders in exchange for Registrable Securities.


 


“Exchange Offer” shall
have the meaning assigned thereto in Section 2(a) hereof.


 


“Exchange Offer Registration”
shall have the meaning assigned thereto in Section 3(c) hereof.


 


“Exchange Offer Registration Statement”
shall have the meaning assigned thereto in Section 2(a) hereof.


 






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“Exchanging Dealer” shall
have the meaning assigned thereto in Section 6(a) hereof.


 


“Fifth Supplemental Indenture”
shall mean the fifth supplemental indenture to the Base Indenture, dated as of July 9, 2020, by and among the Issuers and
the Trustee, relating to the Notes.


 


“FINRA” shall have the
meaning assigned thereto in Section 3(e)(xix) hereof.


 


“holder” shall mean, unless
the context otherwise indicates, each of the Purchasers and other persons who acquire Registrable Securities from time to time
(including, without limitation, any successors or assigns), in each case for so long as such person is a registered holder of any
Registrable Securities.


 


“Indenture” shall mean
the Base Indenture, as supplemented by the Fifth Supplemental Indenture (as defined below), as the same shall be amended or supplemented
from time to time.


 


“Issuers” shall have the
meaning assigned thereto in the introductory paragraph hereto.


 


“Losses” shall have the
meaning assigned thereto in Section 6(d) hereof.


 


“Notes” shall have the
meaning assigned thereto in the introductory paragraph hereto and shall include any Notes issued in exchange therefor or in lieu
thereof pursuant to the Indenture.


 


“Notice and Questionnaire”
shall mean a Notice of Registration Statement and Selling Securityholder Questionnaire substantially in the form of Exhibit A
hereto.


 


“Parent Companies” shall
mean, collectively, (i) Charter, (ii) Charter Holdings, (iii) Charter Communications Holding Company, LLC, a Delaware
limited liability company, and (iv) CCH II.


 


“person” shall mean a corporation,
association, partnership, organization, limited liability company, business, individual, government or political subdivision thereof
or governmental agency.


 


“Purchase Agreement” shall
mean the Purchase Agreement, dated July 21, 2020, among the Representative and the Issuers, relating to the Notes.


 


“Purchasers” shall mean
the Purchasers named in Schedule I to the Purchase Agreement.


 






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“Registrable
Securities” shall mean the Notes (and to the extent set forth in clause (i) of this definition and in
Section 2(d) hereof, certain Exchange Notes); provided, however, that a Note or Exchange Note shall
cease to be a Registrable Security when (i) in the circumstances contemplated by Section 2(a) hereof, such
Note has been exchanged for an Exchange Note in an Exchange Offer as contemplated in Section 2(a) hereof
(provided that any Exchange Note that, pursuant to the penultimate sentence of Section 2(a), is included in a
prospectus for use in connection with resales by broker-dealers shall be deemed to be a Registrable Security with respect to
Sections 5, 6 and 9 hereof until resale of such Registrable Security has been effected within the 180-day period referred to
in Section 2(a)(y)); (ii) in the circumstances contemplated by Section 2(b) hereof, a Shelf Registration
Statement registering such Note or Exchange Note under the Securities Act has been declared or becomes effective and such
Note or Exchange Note has been sold or otherwise transferred by the holder thereof pursuant to and in a manner contemplated
by such effective Shelf Registration Statement; (iii) such Note or Exchange Note is sold pursuant to Rule 144 under
circumstances in which any legend borne by such Note or Exchange Note relating to restrictions on transferability thereof,
under the Securities Act or otherwise, is removed by the Issuers pursuant to the Indenture; (iv) such Note or Exchange
Note is eligible to be sold pursuant to Rule 144 by a Person that is not an “affiliate” (within the meaning
of Rule 405); or (v) such Note or Exchange Note shall cease to be outstanding.


 


“Registration Default”
shall have the meaning assigned thereto in Section 2(c) hereof.


 


“Registration Default Period”
shall have the meaning assigned thereto in Section 2(c) thereof.


 


“Registration Expenses”
shall have the meaning assigned thereto in Section 4 hereof.


 


“Representative” shall
have the meaning assigned thereto in the addressee block hereto.


 


“Resale Period” shall have
the meaning assigned thereto in Section 2(a) hereof.


 


“Restricted Holder” shall
mean (i) a holder that is an affiliate of the Issuers within the meaning of Rule 405, (ii) a holder who acquires
Exchange Notes outside the ordinary course of such holder’s business, (iii) a holder who has arrangements or understandings
with any person to participate in the Exchange Offer for the purpose of distributing Exchange Notes and (iv) a holder that
is a broker-dealer, but only with respect to Exchange Notes received by such broker-dealer pursuant to an Exchange Offer in exchange
for Registrable Securities acquired by the broker-dealer directly from the Issuers.


 


“Rule 144,” “Rule 405”
and “Rule 415” shall mean, in each case, such rule promulgated under the Securities Act (or any successor
provision), as the same shall be amended from time to time.


 


“Securities Act” shall
mean the Securities Act of 1933, or any successor thereto, and the rules, regulations and forms promulgated thereunder, all as
the same shall be amended from time to time.


 


“Shelf Filing Deadline”
shall have the meaning assigned thereto in Section 2(b) hereof.


 






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“Shelf Registration” shall
have the meaning assigned thereto in Section 2(b) hereof.


 


“Shelf Registration Statement”
shall have the meaning assigned thereto in Section 2(b) hereof.


 


“Special Interest” shall
have the meaning assigned thereto in Section 2(c) hereof.


 


“Transfer Restricted Notes”
shall have the meaning assigned thereto in Section 2(c) hereof.


 


“Trust Indenture Act” shall
mean the Trust Indenture Act of 1939, or any successor thereto, and the rules, regulations and forms promulgated thereunder, all
as the same shall be amended from time to time.


 


“Trustee” shall mean The
Bank of New York Mellon Trust Company, N.A., as trustee under the Indenture.


 


Unless the context otherwise requires, any
reference herein to a “Section” or “clause” refers to a Section or clause, as the case may be, of
this Agreement, and the words “herein,” “hereof” and “hereunder” and other words of similar
import refer to this Agreement as a whole and not to any particular Section or other subdivision. Any reference herein to
“Notes” or “Exchange Notes” refers also to any guarantees thereof by any guarantors required to guarantee
such notes pursuant to the Indenture.


 


SECTION 2.     Registration
Under the Securities Act.


 


(a)            Except
as set forth in Section 2(b) below, the Issuers agree to file under the Securities Act, as soon as practicable, a
registration statement relating to an offer to exchange (such registration statement, the “Exchange Offer
Registration Statement,” and such offer, the “Exchange Offer”) any and all Registrable
Securities for a like aggregate principal amount of Exchange Notes. The Issuers agree to use their reasonable best efforts to
cause the Exchange Offer Registration Statement to become or be declared effective under the Securities Act as soon as
practicable after the Closing Date. The Exchange Offer will be registered under the Securities Act on the appropriate form
and will comply with the Exchange Act. The Issuers further agree to use their reasonable best efforts to complete the
Exchange Offer not later than 450 days following July 9, 2020 (or if such 450th day is not a business day,
the next succeeding business day) (the “Exchange Date”) and to exchange Exchange Notes for all Registrable
Securities that have been properly tendered and not withdrawn on or prior to the expiration of the Exchange Offer. The
Issuers shall keep the Exchange Offer open for a period of not less than the minimum period required under applicable United
States federal and state securities laws to complete the Exchange Offer; provided, however, that in no event
shall such period be less than 20 business days after the date notice of the Exchange Offer is mailed to holders. The
Exchange Offer will be deemed to have been completed only if the Exchange Notes received by holders, other than Restricted
Holders, in the Exchange Offer in exchange for Registrable Securities are, upon receipt, transferable by each such holder
without restriction under the Securities Act and the Exchange Act and without material restrictions under the blue sky or
securities laws of a substantial majority of the States of the United States of America. The Exchange Offer shall be deemed
to have been completed upon the earlier to occur of (i) the Issuers having exchanged the Exchange Notes for all
outstanding Registrable Securities pursuant to the Exchange Offer and (ii) the Issuers having exchanged, pursuant to the
Exchange Offer, Exchange Notes for all Registrable Securities that have been properly tendered and not withdrawn before the
expiration of the Exchange Offer. The Issuers agree (x) to include in the Exchange Offer Registration Statement a
prospectus for use in any resales by any holder of Exchange Notes that is a broker-dealer and identifies itself as such by
written notice to the Issuers prior to the effectiveness of the Exchange Offer Registration Statement and (y) to keep
such Exchange Offer Registration Statement effective for a period (the “Resale Period”) beginning when
Exchange Notes are first issued in the Exchange Offer and ending upon the earlier of the expiration of the 180th day after
the Exchange Offer has been completed or such time as such broker-dealers no longer own any Registrable Securities. With
respect to such Exchange Offer Registration Statement, such holders shall have the benefit of the rights of indemnification
and contribution set forth in Sections 6(a), (c), (d) and (e) hereof.


 






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(b)            If
(i) on or prior to the time the Exchange Offer is completed existing law or Commission policy or interpretations are
changed such that the Exchange Notes received by holders, other than Restricted Holders, in the Exchange Offer in exchange
for Registrable Securities are not or would not be, upon receipt, transferable by each such holder without restriction under
the Securities Act, (ii) the Exchange Offer has not been completed by the Exchange Date, (iii) any Purchaser so
requests with respect to Registrable Securities that are not eligible to be exchanged for Exchange Notes in the Exchange
Offer and that are held by it following the consummation of the Exchange Offer, or (iv) the Exchange Offer is not
available to any holder (other than a Purchaser) which notifies the Issuers in writing, then, in each case, the Issuers
shall, in lieu of (or, in the case of clause (iii) or (iv), in addition to) conducting the Exchange Offer contemplated
by Section 2(a), file a “shelf” registration statement in accordance with the remainder of this
Section 2(b) below, under the Securities Act with respect to the Notes that could not be exchanged for any reason
set forth in clauses (i) through (iv) above. The Issuers shall, on or prior to 30 business days after the time such
obligation to file arises, file a “shelf” registration statement providing for the registration of, and the sale
on a continuous or delayed basis by the holders of, all the Registrable Securities, pursuant to Rule 415 or any similar
rule that may be adopted by the Commission (such filing, the “Shelf Registration” and such
registration statement, the “Shelf Registration Statement”). The Issuers agree to use their reasonable
best efforts (x) to cause the Shelf Registration Statement to become or be declared effective by the Commission on or
prior to the later of 450 days (or if such 450th day is not a business day, the next succeeding business day) following
July 9, 2020 and the 90th day (or if such 90th day is not a business day, the next succeeding business day) after the
date such filing obligations arises (the “Shelf Filing Deadline”) and to keep such Shelf Registration
Statement continuously effective for a period ending on the earlier of (i) the second anniversary of the Effective Time
or (ii) such time as there are no longer any Registrable Securities outstanding; provided, however, that
no holder (other than a Purchaser) shall be entitled to be named as a selling securityholder in the Shelf Registration
Statement or to use the prospectus forming a part thereof for resales of Registrable Securities unless such holder is an
Electing Holder, and (y) after the Effective Time of the Shelf Registration Statement, promptly upon the request of any
holder of Registrable Securities that is not then an Electing Holder, to take any action reasonably necessary to enable such
holder to use the prospectus forming a part thereof for resales of Registrable Securities, including, without limitation, any
action necessary to identify such holder as a selling securityholder in the Shelf Registration Statement; provided, however,
that nothing in this clause (y) shall relieve any such holder of the obligation to return a completed and signed Notice
and Questionnaire to the Issuers in accordance with Section 3(e)(iii) hereof. The Issuers further agree to
supplement or make amendments to the Shelf Registration Statement, as and when required by the rules, regulations or
instructions applicable to the registration form used by the Issuers for such Shelf Registration Statement or by the
Securities Act for shelf registration, and the Issuers agree to furnish to each Electing Holder copies of any such supplement
or amendment prior to its being used or promptly following its filing with the Commission.


 






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(c)            In
the event that (i) the Shelf Registration Statement has not become effective or been declared effective by the
Commission on or prior to the Shelf Filing Deadline, (ii) the Exchange Offer has not been completed on or prior to the
Exchange Date, (iii) the Exchange Offer Registration Statement required by Section 2(a) hereof is filed and
becomes or is declared effective but thereafter shall either be withdrawn by the Issuers or shall become subject to an
effective stop order issued pursuant to Section 8(d) of the Securities Act suspending the effectiveness of such
registration statement (except as specifically permitted herein) without being succeeded immediately by an additional
registration statement filed and declared effective, in each case prior to the completion of the Exchange Offer or
(iv) the Shelf Registration Statement required by Section 2(b) hereof is filed and becomes or is declared
effective but shall thereafter either be withdrawn by the Issuers or shall become subject to an effective stop order issued
pursuant to Section 8(d) of the Securities Act suspending the effectiveness of such registration statement (except
as specifically permitted herein) without being succeeded immediately by an additional registration statement filed and
declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”
and each period during which a Registration Default has occurred and is continuing, a “Registration Default
Period”), then, as liquidated damages for such Registration Default, subject to the provisions of
Section 9(b), special interest (“Special Interest”), in addition to the Base Interest, shall accrue
on the aggregate principal amount of the outstanding Transfer Restricted Notes (as defined below) affected by such
Registration Default at a per annum rate of 0.25% for the first 90 days of the Registration Default Period and at a per annum
rate of 0.50% thereafter for the remaining portion of the Registration Default Period, commencing on (A) the 90th day
after the filing of such Shelf Registration Statement was required, in the case of clause (i) above (but in no event
prior to the 450th day after July 9, 2020), (B) the 450th day after July 9, 2020, in the
case of clause (ii) above, (C) the day such Exchange Offer Registration Statement ceases to be effective, in the
case of clause (iii) above and (D) the day such Shelf Registration Statement ceases to be effective, in the case of
clause (iv) above. Following the cure of all Registration Defaults relating to particular Transfer Restricted Notes
(which shall be the Effective Time of the Shelf Registration Statement in the case of clause (i) above, the date of the
completion of the Exchange Offer, in the case of clause (ii) above, the date that the Exchange Offer Registration
Statement again becomes effective, in the case of clause (iii) above, and the date that the Shelf Registration Statement
again becomes effective, in the case of clause (iv) above), the interest rate borne by the relevant Transfer Restricted
Notes will be reduced to the original interest rate borne by such Transfer Restricted Notes; provided, however,
that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate borne by the
relevant Transfer Restricted Notes shall again be increased pursuant to the foregoing provisions. All accrued Special
Interest shall be paid in cash by the Issuers on each Interest Payment Date (as defined in the Indenture). For purposes of
this Agreement, “Transfer Restricted Notes” shall mean, with respect to any Registration Default, any
Notes or Exchange Notes which have not ceased being Registrable Securities pursuant to the definition thereof in
Section 1 of this Agreement. Notwithstanding anything contained herein, Special Interest shall be the sole and exclusive
remedy with respect to a Registration Default.


 






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(d)            If
any Purchaser determines that it is not eligible to participate in the Exchange Offer with respect to the exchange of Registrable
Securities constituting any portion of an unsold allotment, at the request of such Purchaser, then, subject to any prohibitions
or restrictions imposed by any applicable law or regulations, the Issuers shall use their commercially reasonable efforts to issue
and deliver to such Purchaser, in exchange for such Registrable Securities, a like principal amount of Exchange Notes. Such issuance
shall not be deemed to be part of the Exchange Offer. The Issuers shall use their commercially reasonable efforts to cause the
CUSIP Service Bureau to issue the same CUSIP number for Exchange Notes described in this Section 2(d) as for Exchange
Notes issued pursuant to the Exchange Offer. Any such Exchange Notes shall, at the time of issuance, and subject to the limitations
set forth in Section 1 hereof, constitute Registrable Securities for purposes of this Agreement (other than Section 2(a) hereof).


 


(e)            The
Issuers shall use their reasonable best efforts to take all actions necessary or advisable to be taken by them to ensure that the
transactions contemplated herein are effected as so contemplated in Section 2(a) or 2(b) hereof.


 


(f)            Any
reference herein to a registration statement as of any time shall be deemed to include any document incorporated, or deemed to
be incorporated, therein by reference as of such time and any reference herein to any post-effective amendment to a registration
statement as of any time shall be deemed to include any document incorporated, or deemed to be incorporated, therein by reference
as of such time.


 


SECTION 3.     Registration
Procedures. If the Issuers file a registration statement pursuant to Section 2(a) or Section 2(b), the following
provisions shall apply:


 


(a)            At
or before the Effective Time of the Exchange Offer or the Shelf Registration, as the case may be, the Issuers shall cause the Indenture
to be qualified under the Trust Indenture Act of 1939.


 


(b)            In
the event that such qualification would require the appointment of a new trustee under the Indenture, the Issuers shall appoint
a new trustee thereunder pursuant to the applicable provisions of the Indenture.


 


(c)            In
connection with the Issuers’ obligations with respect to the registration of Exchange Notes as contemplated by Section 2(a) (the
“Exchange Offer Registration”), if applicable, the Issuers shall, as soon as practicable (or as otherwise specified):


 


(i)            prepare
and file with the Commission an Exchange Offer Registration Statement on any form which may be utilized by the Issuers and which
shall permit the Exchange Offer and resales of Exchange Notes by broker-dealers during the Resale Period to be effected as contemplated
by Section 2(a);


 






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(ii)            as
soon as practicable prepare and file with the Commission such amendments and supplements to such Exchange Offer Registration Statement
and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Exchange Offer Registration
Statement for the periods and purposes contemplated in Section 2(a) hereof and as may be required by the applicable rules and
regulations of the Commission and the instructions applicable to the form of such Exchange Offer Registration Statement, and promptly
provide each broker-dealer holding Exchange Notes with such number of copies of the prospectus included therein (as then amended
or supplemented), in conformity in all material respects with the requirements of the Securities Act and the Trust Indenture Act,
as such broker-dealer reasonably may request prior to the expiration of the Resale Period, for use in connection with resales of
Exchange Notes;


 


(iii)            prepare
and furnish to each such holder a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered
to purchasers of such Exchange Notes during the Resale Period, such prospectus conforms in all material respects to the applicable
requirements of the Securities Act and the Trust Indenture Act and shall not contain an untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light
of the circumstances then existing;


 


(iv)            use
their reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of such Exchange Offer Registration
Statement or any post-effective amendment thereto as soon as practicable;


 


(v)            use
their reasonable best efforts to (A) register or qualify the Exchange Notes under the securities laws or blue sky laws
of such jurisdictions as are contemplated by Section 2(a) no later than the commencement of the Exchange Offer,
(B) keep such registrations or qualifications in effect and comply with such laws so as to permit the continuance of
offers, sales and dealings therein in such jurisdictions until the expiration of the Resale Period and (C) take any and
all other actions as may be reasonably necessary or advisable to enable each broker-dealer holding Exchange Notes to
consummate the disposition thereof in such jurisdictions; provided, however, that neither of the Issuers shall
be required for any such purpose to (1) qualify as a foreign corporation or limited liability company, as the case may
be, in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this
Section 3(c)(v), (2) consent to general service of process in any such jurisdiction or (3) make any changes to
its certificate of incorporation or by-laws (or other organizational document) or any agreement between it and holders of its
ownership interests;


 


(vi)            use
their reasonable best efforts to obtain the consent or approval of each governmental agency or authority, whether federal, state
or local, which may be required to effect the Exchange Offer Registration, the Exchange Offer and the offering and sale of Exchange
Notes by broker-dealers during the Resale Period;


 


(vii)            provide
a CUSIP number for all Exchange Notes, not later than the applicable Effective Time;


 






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(viii)            comply
with all applicable rules and regulations of the Commission, and make generally available to their securityholders as soon
as practicable but no later than eighteen months after the effective date of such Exchange Offer Registration Statement, an earnings
statement of the Company and its subsidiaries complying with Section 11(a) of the Securities Act (including, at the option
of the Company, Rule 158 thereunder);


 


(ix)               mail
to each holder a copy of the prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate
letter of instruction and related documents;


 


(x)                utilize the services of a depositary for the Exchange
Offer, which may be the Trustee, any new trustee under the Indenture, or an affiliate of any of them;


 


(xi)               permit
holders to withdraw tendered Notes at any time prior to the close of business, New York time, on the last business day on which
the Exchange Offer is open;


 


(xii)              prior
to the Effective Time, provide a supplemental letter to the Commission (i) stating that the Issuers are conducting the Exchange
Offer in reliance on the position of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988), Morgan
Stanley and Co., Inc. (pub. avail. June 5, 1991); and (ii) including a representation that the Issuers have not
entered into any arrangement or understanding with any person to distribute the Exchange Notes to be received in the Exchange Offer
and that, to the best of the Issuers’ information and belief, each holder participating in the Exchange Offer is acquiring
the Exchange Notes in the ordinary course of business and has no arrangement or understanding with any person to participate in
the distribution of the Exchange Notes; and


 


(xiii)             provide
the Representative, in advance of filing thereof with the Commission, a draft of such Exchange Offer Registration Statement substantially
in the form to be filed with the Commission, each prospectus included therein or filed with the Commission and each amendment or
supplement thereto (including any documents incorporated by reference therein after the initial filing), and shall use their commercially
reasonable efforts to reflect in each such document, when so filed with the Commission, such comments as are reasonably proposed.


 


(d)            As
soon as practicable after the close of the Exchange Offer, the Issuers shall:


 


(i)                 accept
for exchange all Registrable Securities tendered and not validly withdrawn pursuant to the Exchange Offer;


 


(ii)                deliver
to the Trustee for cancellation all Notes so accepted for exchange; and


 


(iii)               cause
the Trustee promptly to authenticate and deliver to each holder a principal amount of Exchange Notes equal to the principal amount
of the Registrable Securities of such Holder so accepted for exchange.


 






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(e)            In
connection with the Issuers’ obligations with respect to the Shelf Registration, if applicable, the Issuers shall, as soon
as practicable (or as otherwise specified):


 


(i)            prepare
and file with the Commission within the time periods specified in Section 2(b), a Shelf Registration Statement on any form
which may be utilized by the Issuers and which shall register all the Registrable Securities for resale by the holders thereof
in accordance with such method or methods of disposition as may be specified by such of the holders as, from time to time, may
be Electing Holders and use their reasonable best efforts to cause such Shelf Registration Statement to become or be declared effective
within the time periods specified in Section 2(b);


 


(ii)            not
less than 30 calendar days prior to the Effective Time of the Shelf Registration Statement, mail the Notice and Questionnaire
to the holders of Registrable Securities; no holder shall be entitled to be named as a selling securityholder in the Shelf
Registration Statement as of the Effective Time, and no holder shall be entitled to use the prospectus forming a part thereof
for resales of Registrable Securities at any time, unless such holder has returned a completed and signed Notice and
Questionnaire to the Issuers by the deadline for response set forth therein; provided, however, that holders of
Registrable Securities shall have at least 28 calendar days from the date on which the Notice and Questionnaire is first
mailed to such holders to return a completed and signed Notice and Questionnaire to the Issuers;


 


(iii)            after
the Effective Time of the Shelf Registration Statement, upon the request of any holder of Registrable Securities that is not then
an Electing Holder, promptly send a Notice and Questionnaire to such holder; provided that the Issuers shall not be required
to take any action to name such holder as a selling securityholder in the Shelf Registration Statement or to enable such holder
to use the prospectus forming a part thereof for resales of Registrable Securities until such holder has returned a completed and
signed Notice and Questionnaire to the Issuers;


 


(iv)            as
soon as practicable prepare and file with the Commission such amendments and supplements to such Shelf Registration Statement and
the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Shelf Registration Statement
for the period specified in Section 2(b) and as may be required by the applicable rules and regulations of the Commission
and the instructions applicable to the form of such Shelf Registration Statement, and furnish to the Electing Holders copies of
any such supplement or amendment simultaneously with or prior to its being used or filed with the Commission;


 






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(v)            comply
with the provisions of the Securities Act with respect to the disposition of all the Registrable Securities covered by such Shelf
Registration Statement in accordance with the intended methods of disposition by the Electing Holders provided for in such Shelf
Registration Statement;


 


(vi)            provide
(A) the Electing Holders, (B) the underwriters (which term, for purposes of this Agreement, shall include a person deemed
to be an underwriter within the meaning of Section 2(a)(11) of the Securities Act), if any, thereof, (C) any sales or
placement agent therefor, (D) counsel for any such underwriter or agent, (E) not more than one counsel for all the Electing
Holders and (F) the Representative, in advance of filing thereof with the Commission, a draft of such Shelf Registration Statement,
each prospectus included therein or filed with the Commission and each amendment or supplement thereto (including any documents
incorporated by reference therein after the initial filing), in each case in substantially the form to be filed with the Commission,
and shall use their commercially reasonable efforts to reflect in each such document, when so filed with the Commission, such comments
as are reasonably proposed;


 


(vii)            for
a reasonable period prior to the filing of such Shelf Registration Statement, and throughout the period specified in
Section 2(b), make available at reasonable times at each Issuer’s principal place of business, or such other
reasonable place for inspection by the persons referred to in Section 3(e)(vi) who shall certify to the Issuers
that they have a current intention to sell the Registrable Securities pursuant to the Shelf Registration, such financial and
other relevant information and books and records of the Issuers, each of their subsidiaries and, as relevant, Parent
Companies, and cause each of their officers, employees, counsel and independent certified public accountants to supply all
relevant information and to respond to such inquiries, as shall be reasonably necessary, in the judgment of the respective
counsel referred to in such Section, to conduct a reasonable investigation within the meaning of Section 11 of the
Securities Act; provided, however, that each such party shall be required to maintain in confidence and not to
disclose to any other person any information or records reasonably designated by the Issuers as being confidential, until
such time as (A) such information becomes a matter of public record (whether by virtue of its inclusion in such
registration statement or otherwise, except as a result of a breach of this or any other obligation of confidentiality to the
Issuers), or (B) such person shall be required so to disclose such information pursuant to a subpoena or order of any
court or other governmental agency or body having jurisdiction over the matter (subject to the requirements of such order,
and only after such person shall have given the Issuers prompt prior written notice of such requirement), or (C) such
information is required to be set forth in such Shelf Registration Statement or the prospectus included therein or in an
amendment to such Shelf Registration Statement or an amendment or supplement to such prospectus in order that such Shelf
Registration Statement, prospectus, amendment or supplement, as the case may be, complies with applicable requirements of the
federal securities laws and the rules and regulations of the Commission and does not contain an untrue statement of a
material fact or omit to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading in light of the circumstances then existing, provided further, however, that
notwithstanding anything to the contrary in this clause (vii), any such person (and each employee, representative, or other
agent of such person) may disclose to any and all persons, without limitation, the U.S. tax treatment and any facts that may
be relevant to the tax structure of the matters covered by and relating to this Agreement (including opinions or other tax
analysis that are provided to such party relating to such tax treatment and tax structure); provided, however,
that no person (and no employee, representative, or other agent of any person) shall disclose any other information that is
not relevant to understanding the tax treatment and tax structure of the matters covered by and relating to this Agreement
(including the identity of any party and any information that could lead another to determine the identity of any party), or
any other information to the extent that such non-disclosure is reasonably necessary in order to comply with applicable
securities law;


 






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(viii)            promptly
notify each of the Representative, the Electing Holders, any sales or placement agent therefor and any underwriter thereof
(which notification may be made through any managing underwriter that is a representative of such underwriter for such
purpose) and confirm such advice in writing, (A) when such Shelf Registration Statement or the prospectus included
therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect to such Shelf
Registration Statement or any post-effective amendment, when the same has become effective, (B) of any comments by the
Commission and by the blue sky or securities commissioner or regulator of any state with respect thereto, or any request by
the Commission for amendments or supplements to such Shelf Registration Statement or prospectus or for additional
information, (C) of the issuance by the Commission of any stop order suspending the effectiveness of such Shelf
Registration Statement or the initiation or, to the knowledge of the Issuers, threatening of any proceedings for that
purpose, (D) if at any time the representations and warranties of the Issuers contemplated by
Section 3(e)(xvii) or Section 5 hereof cease to be true and correct in all material respects, (E) of the
receipt by the Issuers of any notification with respect to the suspension of the qualification of the Registrable Securities
for sale in any jurisdiction or the initiation or, to the knowledge of the Issuers, threatening of any proceeding for such
purpose, or (F) if at any time when a prospectus is required to be delivered under the Securities Act, that such Shelf
Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all
material respects to the applicable requirements of the Securities Act and the Trust Indenture Act, or contains an untrue
statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances then existing;


 


(ix)            use
their reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of such Shelf Registration Statement
or any post-effective amendment thereto as soon as practicable;


 






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(x)            if
requested by any managing underwriter or underwriters, any placement or sales agent or any Electing Holder, promptly incorporate
in a prospectus supplement or post-effective amendment such information as is required by the applicable rules and regulations
of the Commission, and as such managing underwriter or underwriters, such agent or such Electing Holder specifies should be included
therein relating to the terms of the sale of such Registrable Securities, including, without limitation, information (i) with
respect to the principal amount of Registrable Securities being sold by such Electing Holder or agent or to any underwriters, the
name and description of such Electing Holder, agent or underwriter, the offering price of such Registrable Securities, and any
discount, commission or other compensation payable in respect thereof and the purchase price being paid therefor by such underwriters
and (ii) with respect to any other material terms of the offering of the Registrable Securities to be sold by such Electing
Holder or agent or to such underwriters; and make all required filings of such prospectus supplement or post-effective amendment
upon notification of the matters to be incorporated in such prospectus supplement or post-effective amendment;


 


(xi)            furnish
to each Electing Holder, each placement or sales agent, if any, therefor, each underwriter, if any, thereof and the
respective counsel referred to in Section 3(e)(vi) hereof an executed copy (or, in the case of an Electing Holder,
a conformed copy) of such Shelf Registration Statement, each such amendment and supplement thereto (in each case including
all exhibits thereto (in the case of an Electing Holder of Registrable Securities, upon request) and documents incorporated
by reference therein) and such number of copies of such Shelf Registration Statement (excluding exhibits thereto and
documents incorporated by reference therein unless specifically so requested by such Electing Holder, agent or underwriter,
as the case may be) and of the prospectus included in such Shelf Registration Statement (including, without limitation, each
preliminary prospectus and any summary prospectus), in conformity in all material respects with the applicable requirements
of the Securities Act and the Trust Indenture Act, and such other documents, as such Electing Holder, agent, if any, and
underwriter, if any, may reasonably request in order to facilitate the offering and disposition of the Registrable Securities
owned by such Electing Holder, offered or sold by such agent or underwritten by such underwriter and to permit such Electing
Holder, agent and underwriter to satisfy the prospectus delivery requirements of the Securities Act; and the Issuers hereby
consent to the use of such prospectus (including, without limitation, such preliminary and summary prospectus) and any
amendment or supplement thereto by each such Electing Holder and by any such agent and underwriter, in each case in the form
most recently provided to such person by the Issuers, in connection with the offering and sale of the Registrable Securities
covered by the prospectus (including, without limitation, such preliminary and summary prospectus) or any supplement or
amendment thereto;


 






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(xii)            use
their reasonable best efforts to (A) register or qualify the Registrable Securities to be included in such Shelf Registration
Statement under such securities laws or blue sky laws of such jurisdictions as any Electing Holder and each placement or sales
agent, if any, therefor and underwriter, if any, thereof shall reasonably request, (B) keep such registrations or qualifications
in effect and comply with such laws so as to permit the continuance of offers, sales and dealings therein in such jurisdictions
during the period the Shelf Registration is required to remain effective under Section 2(b) above and for so long as
may be necessary to enable any such Electing Holder, agent or underwriter to complete its distribution of the Registrable Securities
pursuant to such Shelf Registration Statement and (C) take any and all other actions as may be reasonably necessary or advisable
to enable each such Electing Holder, agent, if any, and underwriter, if any, to consummate the disposition in such jurisdictions
of such Registrable Securities; provided, however, that neither of the Issuers shall be required for any such purpose
to (1) qualify as a foreign corporation or limited liability company, as the case may be, in any jurisdiction wherein it would
not otherwise be required to qualify but for the requirements of this Section 3(d)(xii), (2) consent to general service
of process in any such jurisdiction or (3) make any changes to its certificate of incorporation or by-laws (or other organizational
document) or any agreement between it and holders of its ownership interests;


 


(xiii)            use
their reasonable best efforts to obtain the consent or approval of each governmental agency or authority, whether federal, state
or local, which may be required to effect the Shelf Registration or the offering or sale in connection therewith or to enable the
selling holder or holders to offer, or to consummate the disposition of, their Registrable Securities;


 


(xiv)            unless
any Registrable Securities shall be in book-entry only form, cooperate with the Electing Holders and the managing underwriters,
if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which
certificates, if so required by any securities exchange upon which any Registrable Securities are listed, shall be penned, lithographed
or engraved, or produced by any combination of such methods, on steel engraved borders, and which certificates shall not bear any
restrictive legends; and, in the case of an underwritten offering, enable such Registrable Securities to be in such denominations
and registered in such names as the managing underwriters may request at least two business days prior to any sale of the Registrable
Securities;


 


(xv)            provide
a CUSIP number for all Registrable Securities, not later than the applicable Effective Time;


 


(xvi)            enter
into one or more underwriting agreements, engagement letters, agency agreements, “best efforts” underwriting agreements
or similar agreements, as appropriate, including customary provisions relating to indemnification and contribution (but no less
favorable than those set forth in Section 6 with respect to all parties indemnified under Section 6), unless such provisions
are acceptable to Electing Holders of at least 50% in aggregate principal amount of the Registrable Securities and any managing
underwriters, and take such other actions in connection therewith as any Electing Holders of at least 20% in aggregate principal
amount of the Registrable Securities at the time outstanding shall request in order to expedite or facilitate the disposition of
such Registrable Securities;


 






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(xvii)            whether
or not an agreement of the type referred to in Section 3(e)(xvi) hereof is entered into, and whether or not any
portion of the offering contemplated by the Shelf Registration is an underwritten offering or is made through a placement or
sales agent or any other entity, (A) make such representations and warranties to the Electing Holders and the placement
or sales agent, if any, therefor and the underwriters, if any, thereof in form, substance and scope as are customarily made
in connection with an offering of debt securities pursuant to any appropriate agreement or to a registration statement filed
on the form applicable to the Shelf Registration; (B) obtain an opinion of counsel to the Issuers in customary form,
subject to customary limitations, assumptions and exclusions, and covering such matters, of the type customarily covered by
such an opinion, as the managing underwriters, if any, or as any Electing Holders of at least 20% in aggregate principal
amount of the Registrable Securities at the time outstanding may reasonably request, addressed to such Electing Holder or
Electing Holders and the placement or sales agent, if any, therefor and the underwriters, if any, thereof and dated the date
of the Effective Time of such Shelf Registration Statement (and if such Shelf Registration Statement contemplates an
underwritten offering of a part or all of the Registrable Securities, dated the date of the closing under the underwriting
agreement relating thereto) (it being agreed that the matters to be covered by such opinion shall include the matters set
forth in paragraphs (b) and (c) of Section 8 of the Purchase Agreement to the extent applicable to an offering
of this type); (C) obtain a “cold comfort” letter or letters from the independent certified public
accountants of the Issuers addressed to the selling Electing Holders, the placement or sales agent, if any, therefor or the
underwriters, if any, thereof, dated (i) the effective date of such Shelf Registration Statement and (ii) the
effective date of any prospectus supplement to the prospectus included in such Shelf Registration Statement or post-effective
amendment to such Shelf Registration Statement which includes unaudited or audited financial statements as of a date or for a
period subsequent to that of the latest such statements included in such prospectus (and, if such Shelf Registration
Statement contemplates an underwritten offering pursuant to any prospectus supplement to the prospectus included in such
Shelf Registration Statement or post-effective amendment to such Shelf Registration Statement which includes unaudited or
audited financial statements as of a date or for a period subsequent to that of the latest such statements included in such
prospectus, dated the date of the closing under the underwriting agreement relating thereto), such letter or letters to be in
customary form and covering such matters of the type customarily covered by letters of such type; (D) deliver such
documents and certificates, including, without limitation, officers’ certificates, as may be reasonably requested by
any Electing Holders of at least 20% in aggregate principal amount of the Registrable Securities at the time outstanding or
the placement or sales agent, if any, therefor and the managing underwriters, if any, thereof to evidence the accuracy of the
representations and warranties made pursuant to clause (A) above or those contained in Section 5(a) hereof and
the compliance with or satisfaction of any agreements or conditions contained in the underwriting agreement or other similar
agreement entered into by the Issuers pursuant to Section 3(e)(xvi); and (E) undertake such obligations relating to
expense reimbursement, indemnification and contribution as are provided in Section 6 hereof;


 






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(xviii)           notify
in writing each holder of Registrable Securities of any proposal by the Issuers to amend or waive any provision of this Agreement
pursuant to Section 9(h) hereof and of any amendment or waiver effected pursuant thereto, each of which notices shall
contain the substance of the amendment or waiver proposed or effected, as the case may be;


 


(xix)              in
the event that any broker-dealer registered under the Exchange Act shall underwrite any Registrable Securities or participate
as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of
the Conduct Rules (the “Conduct Rules”) of the Financial Industry Regulatory Authority, Inc.
(“FINRA”) or any successor thereto, as amended from time to time) thereof, whether as a holder of such
Registrable Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or
otherwise, assist such broker-dealer in complying with the requirements of such Conduct Rules, including, without limitation,
by (A) if such Conduct Rules shall so require, engaging a “qualified independent underwriter” (as
defined in such Conduct Rules) to participate in the preparation of the Shelf Registration Statement relating to such
Registrable Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering
contemplated by such Shelf Registration Statement is an underwritten offering or is made through a placement or sales agent,
to recommend the yield of such Registrable Securities, (B) indemnifying any such qualified independent underwriter to
the extent of the indemnification of underwriters provided in Section 6 hereof (or to such other customary extent as may
be requested by such underwriter), and (C) providing such information to such broker-dealer as may be required in order
for such broker-dealer to comply with the requirements of the Conduct Rules; and


 


(xx)               comply
with all applicable rules and regulations of the Commission, and make generally available to its securityholders as soon as
practicable but in any event not later than eighteen months after the effective date of such Shelf Registration Statement, an earnings
statement of the Company and its subsidiaries complying with Section 11(a) of the Securities Act (including, at the option
of the Company, Rule 158 thereunder).


 


(f)            In
the event that the Issuers would be required, pursuant to Section 3(e)(viii)(F) hereof, to notify the Electing Holders,
the placement or sales agent, if any, therefor and the managing underwriters, if any, thereof, the Issuers shall prepare and furnish
to each of the Electing Holders, to each placement or sales agent, if any, and to each such underwriter, if any, a reasonable number
of copies of a prospectus supplemented or amended so that, as thereafter delivered to purchasers of Registrable Securities, such
prospectus conforms in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act,
and shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the circumstances then existing. Each Electing Holder agrees
that upon receipt of any notice from the Issuers pursuant to Section 3(e)(viii)(F) hereof, such Electing Holder shall
forthwith discontinue the disposition of Registrable Securities pursuant to the Shelf Registration Statement applicable to such
Registrable Securities until such Electing Holder shall have received copies of such amended or supplemented prospectus, and if
so directed by the Issuers, such Electing Holder shall deliver to the Issuers (at the Issuers’ expense) all copies, other
than permanent file copies, then in such Electing Holder’s possession of the prospectus covering such Registrable Securities
at the time of receipt of such notice.


 






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(g)           In
the event of a Shelf Registration, in addition to the information required to be provided by each Electing Holder in its Notice
and Questionnaire, the Issuers may require such Electing Holder to furnish to the Issuers such additional information regarding
such Electing Holder and such Electing Holder’s intended method of distribution of Registrable Securities as may be required
in order to comply with the Securities Act. Each such Electing Holder agrees to notify the Issuers as promptly as practicable of
any inaccuracy or change in information previously furnished by such Electing Holder to the Issuers or of the occurrence of any
event in either case as a result of which any prospectus relating to such Shelf Registration contains or would contain an untrue
statement of a material fact regarding such Electing Holder or such Electing Holder’s intended method of disposition of such
Registrable Securities or omits to state any material fact regarding such Electing Holder or such Electing Holder’s intended
method of disposition of such Registrable Securities required to be stated therein or necessary to make the statements therein
not misleading in light of the circumstances then existing, and promptly to furnish to the Issuers any additional information required
to correct and update any previously furnished information or required so that such prospectus shall not contain, with respect
to such Electing Holder or the disposition of such Registrable Securities, an untrue statement of a material fact or omit to state
a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances
then existing.


 


SECTION 4.           Registration
Expenses. The Issuers agree, subject to the last sentence of this Section 4, to bear and to pay or cause to be paid
promptly all expenses incident to the Issuers’ performance of or compliance with this Agreement, including, without
limitation, (a) all Commission and any FINRA registration, filing and review fees and expenses including, without
limitation, fees and disbursements of counsel for the placement or sales agent or underwriters in connection with such
registration, filing and review, (b) all fees and expenses in connection with the qualification of the Notes for
offering and sale under the securities laws and blue sky laws referred to in Section 3(e)(xii) hereof and
determination of their eligibility for investment under the laws of such jurisdictions as any managing underwriters or the
Electing Holders may designate, including, without limitation, any fees and disbursements of counsel for the Electing Holders
or underwriters in connection with such qualification and determination, (c) all expenses relating to the preparation,
printing, production, distribution and reproduction of each registration statement required to be filed hereunder, each
prospectus included therein or prepared for distribution pursuant hereto, each amendment or supplement to the foregoing, the
expenses of preparing the Notes for delivery and the expenses of printing or producing any underwriting agreements,
agreements among underwriters, selling agreements and blue sky or legal investment memoranda and all other documents in
connection with the offering, sale or delivery of Notes to be disposed of (including, without limitation, certificates
representing the Notes), (d) messenger, telephone and delivery expenses relating to the offering, sale or delivery of
Notes and the preparation of documents referred in clause (c) above, (e) fees and expenses of the Trustee under the
Indenture, any agent of the Trustee and any reasonable fees and expenses for counsel for the Trustee and of any collateral
agent or custodian, (f) internal expenses (including, without limitation, all salaries and expenses of each
Issuer’s officers and employees performing legal or accounting duties), (g) fees, disbursements and expenses of
counsel and independent certified public accountants of the Issuers (including, without limitation, the expenses of any
opinions or “cold comfort” letters required by or incidental to such performance and compliance),
(h) reasonable fees, disbursements and expenses of one counsel for the Electing Holders retained in connection with a
Shelf Registration, as selected by the Electing Holders of at least a majority in aggregate principal amount of the
Registrable Securities held by Electing Holders (which counsel shall be reasonably satisfactory to the Issuers), (i) any
fees charged by securities rating services engaged by the Issuers for rating the Notes, and (j) reasonable fees,
expenses and disbursements of any other persons, including, without limitation, special experts, retained by the Issuers in
connection with such registration (collectively, the “Registration Expenses”). To the extent that any
Registration Expenses are incurred, assumed or paid by any holder of Registrable Securities or any placement or sales agent
therefor or underwriter thereof, the Issuers shall reimburse such person for the full amount of the Registration Expenses so
incurred, assumed or paid promptly after receipt of a request therefor. Notwithstanding the foregoing, the holders of the
Registrable Securities being registered shall pay all agency fees and commissions and underwriting discounts and commissions
attributable to the sale of such Registrable Securities and the fees and disbursements of any counsel or other advisors or
experts retained by such holders (severally or jointly), other than the counsel and experts specifically referred to
above.


 






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SECTION 5.          Representations,
Warranties and Covenants. Except with respect to clauses (a) and (b) below, the Issuers represent and warrant to,
and agree with, each Purchaser and each of the holders from time to time of Registrable Securities the information set forth in
this Section 5.


 


With respect to clauses (a) and (b) below,
the Issuers covenant that:


 


(a)           Each
registration statement covering Registrable Securities and each prospectus (including, without limitation, any preliminary or
summary prospectus) contained therein or furnished pursuant to Section 3(e) or Section 3(c) hereof and
any further amendments or supplements to any such registration statement or prospectus, when it becomes effective or is filed
with the Commission, as the case may be, and, in the case of an underwritten offering of Registrable Securities, at the time
of the closing under the underwriting agreement relating thereto, will conform in all material respects to the requirements
of the Securities Act and the Trust Indenture Act and will not contain an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements therein not misleading; and at all
times subsequent to the Effective Time when a prospectus would be required to be delivered under the Securities Act, other
than from (i) such time as a notice has been given to holders of Registrable Securities pursuant to
Section 3(e)(viii)(F) or Section 3(c)(iii) hereof until (ii) such time as the Issuers furnish an
amended or supplemented prospectus pursuant to Section 3(f) or Section 3(c)(iii) hereof, each such
registration statement, and each prospectus (including, without limitation, any preliminary or summary prospectus) contained
therein or furnished pursuant to Section 3(e) or Section 3(c) hereof, as then amended or supplemented,
will conform in all material respects to the requirements of the Securities Act and the Trust Indenture Act and will not
contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to
make the statements therein not misleading in the light of the circumstances then existing; provided, however,
that this covenant shall not apply to any statements or omissions made in reliance upon and in conformity with
information furnished in writing to the Issuers by a holder of Registrable Securities expressly for use therein.


 






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(b)            Any
documents incorporated by reference in any prospectus referred to in Section 5(a) hereof, when they become or became
effective or are or were filed with the Commission, as the case may be, will conform or conformed in all material respects to the
requirements of the Securities Act or the Exchange Act, as applicable, and none of such documents will contain or contained an
untrue statement of a material fact or will omit or omitted to state a material fact required to be stated therein or necessary
to make the statements therein not misleading; provided, however, that this covenant shall not apply to any statements
or omissions made in reliance upon and in conformity with information furnished in writing to the Issuers by a holder of Registrable
Securities expressly for use therein.


 


(c)           This
Agreement has been duly authorized, executed and delivered by the Issuers.


 


SECTION 6.           Indemnification.


 


(a)           The
Issuers, jointly and severally, agree to indemnify and hold harmless each holder of Registrable Securities or Exchange Notes,
as the case may be, covered by any Exchange Offer Registration Statement or Shelf Registration Statement (including each
Purchaser and, with respect to any prospectus delivery as contemplated in Section 3(c)(ii) or (iii) hereof,
each holder (which may include any Purchaser) that is a broker-dealer and elects to exchange for Exchange Notes any
Registrable Securities that it acquired for its own account as a result of market-making activities or other trading
activities (but not directly from the Issuers or any affiliate of the Issuers) for Exchange Notes) (each an
“Exchanging Dealer”), the affiliates, directors, officers, employees and agents of each such holder and
each person who controls any such holder within the meaning of either the Securities Act or the Exchange Act against any and
all losses, claims, damages or liabilities, joint or several, to which they or any of them may become subject under the
Securities Act, the Exchange Act or other Federal or state statutory law or regulation, at common law or otherwise, insofar
as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue
statement or alleged untrue statement of a material fact contained in the Exchange Offer Registration Statement or Shelf
Registration Statement as originally filed or in any amendment thereof, or in any preliminary prospectus or the prospectus
included in any registration statement, or in any amendment thereof or supplement thereto, or arise out of or are based upon
the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each such indemnified party, as incurred, for any legal or other
expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or
action; provided, however, that the Issuers will not be liable in any case to the extent that any such loss,
claim, damage or liability arises out of or is based upon any such untrue statement or alleged untrue statement or omission
or alleged omission made therein in reliance upon and in conformity with written information furnished to the Issuers by or on
behalf of any such holder specifically for inclusion therein. This indemnity agreement will be in addition to any liability
which the Issuers may otherwise have.


 






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The Issuers, jointly and severally, also agree
to indemnify or contribute as provided in Section 6(d) to Losses of any underwriter of Registrable Securities or Exchange
Notes, as the case may be, registered under a Shelf Registration Statement, their directors, officers, employees or agents and
each person who controls such underwriter within the meaning of either the Securities Act or the Exchange Act, on substantially
the same basis as that of the indemnification of the Purchasers and the selling holders provided in this Section 6(a) and
shall, if requested by any holder, enter into an underwriting agreement reflecting such agreement, as provided in Section 3(e)(xvi) hereof.


 


(b)           Each
holder of Registrable Securities or Exchange Notes covered by an Exchange Offer Registration Statement or Shelf Registration Statement
(including each Purchaser and, with respect to any prospectus delivery as contemplated in Section 3(c)(ii) or Section 3(f)(iv) hereof,
each Exchanging Dealer) severally agrees to indemnify and hold harmless the Issuers, and each of their affiliates, directors, employees,
members, managers and agents and each Person who controls the Issuers within the meaning of either the Securities Act or the Exchange
Act, to the same extent as the foregoing indemnity from the Issuers to each such holder, but only with reference to written information
relating to such holder furnished to the Issuers by or on behalf of such holder specifically for inclusion in the documents referred
to in the foregoing indemnity. This indemnity agreement will be in addition to any liability which any such holder may otherwise
have.


 


(c)           Promptly
after receipt by an indemnified party under this Section 6 or notice of the commencement of any action, such indemnified
party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 6, notify the
indemnifying party in writing of the commencement thereof; but the failure so to notify the indemnifying party (i) will
not relieve it from liability under paragraph (a) or (b) above unless and to the extent such action and such
failure results in the forfeiture by the indemnifying party of substantial rights and defenses; and (ii) will not, in
any event, relieve the indemnifying party from any obligations to any indemnified party other than the indemnification
obligation provided in paragraph (a) or (b) above. The indemnifying party shall be entitled to participate therein
and, to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the defense
thereof, with counsel satisfactory to such indemnified party (who shall not, except with the consent of the indemnified
party, be counsel to the indemnifying party), and, except as provided in the next sentence, after notice from the
indemnifying party to such indemnified party of its election to so assume the defense thereof, the indemnifying party shall
not be liable to such indemnified party for any legal expenses of other counsel or any other expenses, in each case
subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of
investigation. Notwithstanding the indemnifying party’s rights in the prior sentence, the indemnified party shall have
the right to employ its own counsel (and one local counsel), and the indemnifying party shall bear the reasonable fees, costs
and expenses of such separate counsel if (i) the use of counsel chosen by the indemnifying party to represent the
indemnified party would present such counsel with a conflict of interest; (ii) the actual or potential defendants
in, or targets of, any such action include both the indemnified party and the indemnifying party and the indemnified party
shall have reasonably concluded that there may be legal defenses available to it and/or other indemnified parties which are
different from or additional to those available to the indemnifying party; (iii) the indemnifying party shall not have
employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after
notice of the institution of such action; or (iv) the indemnifying party shall authorize the indemnified party to employ
separate counsel at the expense of the indemnifying party. No indemnifying party shall, in connection with any one action or
separate but substantially similar or related actions in the same jurisdiction arising out of the same general circumstances
or allegations, be liable for the fees and expenses of more than one separate firm of attorneys (in addition to any local
counsel) for all indemnified parties. An indemnifying party shall not be liable under this Section 6 to any indemnified
party regarding any settlement or compromise or consent to the entry of any judgment with respect to any pending or
threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder
(whether or not the indemnified parties are actual or potential parties to such claim or action) unless such settlement,
compromise or consent is consented to by such indemnifying party, which consent shall not be unreasonably withheld.


 






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(d)           In
the event that the indemnity provided in paragraph (a) or (b) of this Section 6 is unavailable to or
insufficient to hold harmless an indemnified party for any reason, then each applicable indemnifying party agrees to
contribute to the aggregate losses, claims, damages and liabilities (including, without limitation, legal or other expenses
reasonably incurred in connection with investigating or defending same) (collectively “Losses”) to which
such indemnifying party may be subject in such proportion as is appropriate to reflect the relative benefits received by the
indemnifying party on the one hand and by the indemnified party on the other from the offering of the Notes. If, however, the
allocation provided by the immediately preceding sentence is not permitted by applicable law or if the indemnified party
failed to give the notice required under subsection (c) above, then each indemnifying party shall contribute to such
amount paid or payable by such indemnified party in such proportion as is appropriate to reflect not only such relative
benefits but also the relative fault of the indemnifying party on the one hand and the indemnified party on the other in
connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in
respect thereof), as well as any other relevant equitable considerations. Benefits received by the Issuers shall be deemed to
be equal to the sum of (x) the total net proceeds from the initial placement of the Notes (before deducting expenses)
reflected in the Purchase Agreement and (y) the total amount of Special Interest which the Issuers were not required to
pay as a result of registering the securities covered by the Exchange Offer Registration Statement or Shelf Registration
Statement which resulted in such Losses. Benefits received by the Purchasers shall be deemed to be equal to the total
purchase discounts and commissions as reflected in the Purchase Agreement, and benefits received by any other holders shall
be deemed to be equal to the proceeds received from the sale of the Registrable Securities or Exchange Notes, as applicable.
Benefits received by any underwriter shall be deemed to be equal to the total underwriting discounts and commissions, as set
forth in the prospectus forming a part of the Exchange Offer Registration Statement or Shelf Registration Statement which
resulted in such Losses. The relative fault shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to
information supplied by the indemnifying party on the one hand or the indemnified party on the other and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The
parties agree that it would not be just and equitable if contribution pursuant to this subsection (d) were determined by
pro rata allocation (even if the holders or any agents or underwriters or all of them were treated as one entity for such
purpose) or by any other method of allocation which does not take account of the equitable considerations referred to above
in this subsection (d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages or
liabilities (or actions in respect thereof) referred to above in this subsection (d) shall be deemed to include any
legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such
action or claim. Notwithstanding the provisions of this subsection (d), no holder shall be required to contribute any amount
in excess of the amount by which the dollar amount of the proceeds received by such holder from the sale of Registrable
Securities (after deducting any fees, discounts and commissions applicable thereto) exceeds the amount of any damages which
such holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged
omission, and no underwriter shall be required to contribute any amount in excess of the amount by which the total price of
the Registrable Securities underwritten by it and distributed to the public exceeds the amount of any damages which such
underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged
omission. The holders’ and any underwriters’ obligations in this subsection (d) to contribute are several in
proportion to the principal amount of Registrable Securities registered or underwritten, as the case may be, by them, and not
joint. Notwithstanding the provisions of this paragraph (d), no person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation. For purposes of this Section 6, each person who controls any holder, agent
or underwriter within the meaning of either the Securities Act or the Exchange Act and each director, officer, employee and
agent of a holder, agent or underwriter shall have the same rights to contribution as such holder, agent or underwriter, and
each person who controls the Issuers within the meaning of either the Securities Act or the Exchange Act and each officer and
director of the Issuers shall have the same rights to contribution as the Issuers, subject in each case to the applicable
terms and conditions of this paragraph (d).


 






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(e)           The
provisions of this Section will remain in full force and effect, regardless of any investigation made by or on behalf of any
holder or the Issuers or any of the officers, directors or controlling persons referred to in this Section hereof, and will
survive the sale by a holder of securities covered by an Exchange Offer Registration Statement or Shelf Registration Statement.


 


SECTION 7.           Underwritten
Offerings.


 


(a)            Selection
of Underwriters. If any of the Registrable Securities covered by the Shelf Registration are to be sold pursuant to an
underwritten offering, the managing underwriter or underwriters thereof shall be designated by Electing Holders holding at
least a majority in aggregate principal amount of the Registrable Securities to be included in such offering, provided
that such designated managing underwriter or underwriters is or are reasonably acceptable to the Issuers.


 






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(b)           Participation
by Holders. Each holder of Registrable Securities hereby agrees with each other such holder that no such holder may participate
in any underwritten offering hereunder unless such holder (i) agrees to sell such holder’s Registrable Securities on
the basis provided in any underwriting arrangements with respect to such Registrable Securities approved by the persons entitled
hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements.


  


(c)           Minimum
Requirements. With respect to the Notes, the Issuers shall not have any obligations with respect to any underwriters or underwritten
offering except a single underwritten offering of $270 million or more of Registrable Securities.


 


SECTION 8.           Rule 144.


 


(a)           Each
of the Issuers covenants to the holders of Registrable Securities that to the extent it shall be required to do so under the Exchange
Act, it shall timely file the reports required to be filed by it under the Exchange Act or the Securities Act (including, without
limitation, the reports under Section 13 and 15(d) of the Exchange Act referred to in subparagraph (c)(1) of Rule 144),
and shall take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from
time to time to enable such holder to sell Registrable Securities without registration under the Securities Act within the limitations
of the exemption provided by Rule 144, or any similar or successor rule or regulation hereafter adopted by the Commission.
Upon the request of any holder of Registrable Securities in connection with that holder’s sale pursuant to Rule 144,
the Issuers shall deliver to such holder a written statement as to whether they have complied with such requirements.


 


(b)          At
any time while any of the Notes are “restricted securities” within the meaning of Rule 144, if the Company is
no longer subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act (as opposed to just having
the obligations suspended), the Company or a Parent (as defined in the Indenture) shall prepare and furnish to any Holder, any
beneficial owner of the Notes and any prospective purchaser of Notes designated by a Holder or a beneficial owner of the Notes,
promptly upon request, the information required pursuant to Rule 144A(d)(4) (or any successor thereto) under the Securities
Act in connection with the offer, sale or transfer of Notes. Such information may be provided by a Parent in filings with the Commission
which filing shall satisfy the obligations set forth in this clause (b). The requirements set forth in this clause (b) will
not be applicable after the one year anniversary of the issuance of any Notes.


 


SECTION 9.           Miscellaneous.


 


(a)           No
Inconsistent Agreements. The Issuers represent, warrant, covenant and agree that they have not granted, and shall not
grant, registration rights with respect to Registrable Securities or any other Notes which would be inconsistent with
the terms contained in this Agreement.


 






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(b)           Specific
Performance. Except with respect to a Registration Default, the parties hereto acknowledge that there would be no adequate
remedy at law if the Issuers fail to perform any of their obligations hereunder and that the Purchasers and the holders from time
to time of the Registrable Securities may be irreparably harmed by any such failure, and accordingly agree that the Purchasers
and such holders, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to compel
specific performance of the obligations of the Issuers under this Agreement in accordance with the terms and conditions of this
Agreement, in any court of the United States or any State thereof having jurisdiction.


 


(c)           Notices.
All notices, requests, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have
been duly given (i) when delivered by hand, if delivered personally or by courier, (ii) when sent by facsimile (with
written confirmation of receipt), provided that a copy is mailed by registered or certified mail, return receipt requested
or (iii) three days after being deposited in the mail (registered or certified mail, postage prepaid, return receipt requested)
as follows: if to the Issuers, c/o CCO Holdings, LLC, 400 Atlantic Street, Stamford, Connecticut 06901, Attention: General Counsel,
Facsimile No.: (203) 564-1377 and if to a holder, to the address of such holder set forth in the security register or other records
of the Issuers, or to such other address as the Issuers or any such holder may have furnished to the other in writing in accordance
herewith, with a copy in like manner c/o Morgan Stanley & Co. LLC at 1585 Broadway, New York, New York 10036, Attention:
High Yield Syndicate Desk. Notices of change of address shall be effective only upon receipt.


 


(d)           Parties
in Interest. All the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit of and shall
be enforceable by the parties hereto and the holders from time to time of the Registrable Securities and the respective successors
and assigns of the parties hereto and such holders. In the event that any person shall acquire Registrable Securities, in any manner,
whether by gift, bequest, purchase, operation of law or otherwise, such transferee shall, without any further writing or action
of any kind, be deemed a beneficiary hereof for all purposes and such Registrable Securities shall be held subject to all the terms
of this Agreement, and by taking and holding such Registrable Securities such transferee shall be entitled to receive the benefits,
and be conclusively deemed to have agreed to be bound by all the applicable terms and provisions, of this Agreement. If the Issuers
shall so request, any such successor, assign or transferee shall agree in writing to acquire and hold the Registrable Securities
subject to all the applicable terms hereof.


 


(e)           Survival.
The respective indemnities, agreements, representations, warranties and each other provision set forth in this Agreement or
made pursuant hereto shall remain in full force and effect regardless of any investigation (or statement as to the results
thereof) made by or on behalf of any holder of Registrable Securities, any director, officer or partner of such holder, any
agent or underwriter or any director, officer or partner thereof, or any controlling person of any of the foregoing, and
shall survive delivery of and payment for the Registrable Securities pursuant to the Purchase Agreement and the
transfer and registration of Registrable Securities by such holder and the consummation of an Exchange Offer.


 


(f)            GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.


 






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(g)           Headings.
The descriptive headings of the several Sections and paragraphs of this Agreement are inserted for convenience only, do not constitute
a part of this Agreement and shall not affect in any way the meaning or interpretation of this Agreement.


 


(h)           Entire
Agreement; Amendments. This Agreement and the other writings referred to herein (including, without limitation, the Indenture
and the form of Notes) or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with
respect to its subject matter. This Agreement supersedes all prior agreements and understandings between the parties with respect
to its subject matter. This Agreement may be amended and the observance of any term of this Agreement may be waived (either generally
or in a particular instance and either retroactively or prospectively) only by a written instrument duly executed by the Issuers
and the holders of at least a majority in aggregate principal amount of the Registrable Securities at the time outstanding. Each
holder of any Registrable Securities at the time or thereafter outstanding shall be bound by any amendment or waiver effected pursuant
to this Section 9(h), whether or not any notice, writing or marking indicating such amendment or waiver appears on such Registrable
Securities or is delivered to such holder.


 


(i)            Inspection.
For so long as this Agreement shall be in effect, this Agreement and a complete list of the names and addresses of all the holders
of Registrable Securities shall be made available for inspection and copying, upon reasonable prior notice, on any business day
during normal business hours by any holder of Registrable Securities for proper purposes only (which shall include any purpose
related to the rights of the holders of Registrable Securities under the Notes, the Indenture and this Agreement) at the offices
of the Issuers at the address thereof set forth in Section 9(c) above and at the office of the Trustee under the Indenture.


 


(j)            Counterparts.
This Agreement may be executed by the parties in counterparts, each of which shall be deemed to be an original, but all such respective
counterparts shall together constitute one and the same instrument.


 


(k)           Severability.
In the event that any one or more of the provisions contained herein, or the application thereof in any circumstances, is held
invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision
in every other respect and of the remaining provisions hereof shall not be in any way impaired or affected thereby, it being intended
that all of the rights and privileges of the parties shall be enforceable to the fullest extent permitted by law.


 


(l)            Securities
Held by the Issuers, etc. Whenever the consent or approval of holders of a specified percentage of principal amount
of Registrable Securities or Exchange Notes is required hereunder, Registrable Securities or Exchange Notes, as applicable,
held by the Issuers or their affiliates (controlled by the Issuers and other than subsequent holders of Registrable
Securities or Exchange Notes if such subsequent holders are deemed to be affiliates solely by reason of their holdings of
such Registrable Securities or Exchange Notes) shall not be counted in determining whether such consent or approval was given
by the holders of such required percentage.


 






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(m)          Additional
Notes. Notwithstanding anything contained herein, any registration statement and exchange offer herein contemplated may include
other securities issued by the Issuers and guaranteed by the applicable guarantors, if any.


 


(n)          Termination.
The obligations of the Issuers under this Agreement to register or qualify the Registrable Securities or otherwise make any offer
shall terminate when there are no Registrable Securities outstanding.


 


[Signature Pages Follow]


 









    -27-


     


    

 


If the foregoing is in accordance with your
understanding, please sign and return to us counterparts hereof, and upon the acceptance hereof by you, on behalf of each of the
Purchasers, this Agreement and such acceptance hereof shall constitute a binding agreement among the parties hereto. It is understood
that your acceptance of this Agreement on behalf of each of the Purchasers is pursuant to the authority set forth in a form of
agreement among Purchasers, the form of which shall be submitted to the Issuers for examination upon request, but without warranty
on your part as to the authority of the signers thereof.


 


	 	Very truly yours,
	 	 
	 	CCO HOLDINGS, LLC, as an Issuer
	 	 
	 	By:	/s/ Jessica M. Fischer
	 	 	Name:	 Jessica M. Fischer
	 	 	Title: 	Senior Vice President - Finance and Corporate Treasurer
	 	 
	 	 
	 	CCOH HOLDINGS CAPITAL CORP.,
    as an Issuer
	 	 
	 	By: 	/s/ Jessica M. Fischer
	 	 	Name: 	Jessica M. Fischer
	 	 	Title: 	Senior Vice President - Finance and Corporate Treasurer






 


Charter - Registration Rights Agreement


 






    


     


    

 


Accepted as of the date hereof:


 


Acting on behalf of itself and


the several Purchasers


 


By: Morgan
Stanley & Co. LLC


 


	By:	 /s/ Joanne Braidi	 
	 	Name: Joanne Braidi	 
	 	Title: Authorized Signatory	 







 


Charter - Registration Rights Agreement


 








    


     


    

 


EXHIBIT A


 


CCO HOLDINGS, LLC

CCO HOLDINGS CAPITAL CORP.


 


INSTRUCTION TO DTC PARTICIPANTS


 


(Date of Mailing)


 


URGENT — IMMEDIATE ATTENTION REQUESTED


 


DEADLINE FOR RESPONSE: [DATE]1


 


The Depository Trust Company (“DTC”)
has identified you as a DTC Participant through which beneficial interests in the CCO Holdings, LLC (the “Company”)
and CCO Holdings Capital Corp. (together with the Company, the “Issuers”) 4.250% Senior Notes due 2031 (the
“Notes”) are held.


 


The Issuers are in the process of registering
the Notes under the Securities Act of 1933, as amended, for resale by the beneficial owners thereof. In order to have their Notes
included in the registration statement, beneficial owners must complete and return the enclosed Notice of Registration Statement
and Selling Securityholder Questionnaire.


 


It is important that beneficial owners of
the Notes receive a copy of the enclosed materials as soon as possible as their rights to have the Notes included in the registration
statement depend upon their returning the Notice and Questionnaire by [Deadline For Response]. Please forward a copy of the enclosed
documents to each beneficial owner that holds interests in the Notes through you. If you require more copies of the enclosed materials
or have any questions pertaining to this matter, please contact the Issuers c/o CCO Holdings, LLC, 440 Atlantic Street, 10th Floor,
Stamford, Connecticut 06901, Attention: General Counsel.


 





 






		1	Not less than 28 calendar days from date of mailing.



 






    A-1


     


    

 


CCO HOLDINGS, LLC

CCO HOLDINGS CAPITAL CORP.


 


Notice of Registration Statement

and

Selling Securityholder Questionnaire


 


(Date)


 


Reference is hereby made to the Exchange and
Registration Rights Agreement (the “Exchange and Registration Rights Agreement”) among CCO Holdings, LLC (the
“Company”), CCO Holdings Capital Corp. (together with the Company, the “Issuers”), and the
Purchasers named therein. Pursuant to the Exchange and Registration Rights Agreement, the Issuers have filed with the United States
Securities and Exchange Commission (the “Commission”) a registration statement on Form S-1 (the “Shelf
Registration Statement”) for the registration and resale under Rule 415 of the Securities Act of 1933, as amended
(the “Securities Act”), of the Issuers’ 4.250% Senior Notes due 2031 (the “Notes”).
A copy of the Exchange and Registration Rights Agreement is attached hereto. All capitalized terms not otherwise defined herein
shall have the meanings ascribed thereto in the Exchange and Registration Rights Agreement.


 


Each beneficial owner of Registrable Securities
is entitled to have the Registrable Securities beneficially owned by it included in the Shelf Registration Statement. In order
to have Registrable Securities included in the Shelf Registration Statement, this Notice of Registration Statement and Selling
Securityholder Questionnaire (“Notice and Questionnaire”) must be completed, executed and delivered to the Issuers’
counsel at the address set forth herein for receipt ON OR BEFORE [Deadline for Response]. Beneficial owners of Registrable Securities
who do not complete, execute and return this Notice and Questionnaire by such date (i) will not be named as selling securityholders
in the Shelf Registration Statement and (ii) may not use the Prospectus forming a part thereof for resales of Registrable
Securities.


 


Certain legal consequences arise from being
named as a selling securityholder in the Shelf Registration Statement and related prospectus. Accordingly, holders and beneficial
owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences of being named
or not being named as a selling securityholder in the Shelf Registration Statement and related prospectus.


 






    A-2


     


    

 








ELECTION


 


The undersigned holder (the “Selling
Securityholder”) of Registrable Securities hereby elects to include in the Shelf Registration Statement the Registrable
Securities beneficially owned by it and listed below in Item (3). The undersigned, by signing and returning this Notice and Questionnaire,
agrees to be bound with respect to such Registrable Securities by the terms and conditions of this Notice and Questionnaire and
the Exchange and Registration Rights Agreement, including, without limitation, Section 6 of the Exchange and Registration
Rights Agreement, as if the undersigned Selling Securityholder were an original party thereto.


 


Upon any sale of Registrable Securities pursuant
to the Shelf Registration Statement, the Selling Securityholder will be required to deliver to the Issuers and the Trustee the
Notice of Transfer Pursuant to Registration Statement set forth in Exhibit B to the Exchange and Registration Rights Agreement.


 


The Selling Securityholder hereby provides
the following information to the Issuers and represents and warrants that such information is accurate and complete:


 


QUESTIONNAIRE


 


		(1)	(a)            Full Legal Name of Selling Securityholder:



 


(b)           Full
Legal Name of Registered Holder (if not the same as in (a) above) of Registrable Securities Listed in Item (3) below:


 


(c)           Full
Legal Name of DTC Participant (if applicable and if not the same as (b) above) Through Which Registrable Securities Listed
in Item (3) below are Held:


 


		(2)	Address for Notices to Selling Securityholder:
	 	 	_______________________________
	 	 	_______________________________
	 	 	_______________________________
	 	 	Telephone:	                    	 
	 	 	Fax:	 	 
	 	 	Contact Person:	 	 



 


		(3)	Beneficial Ownership of Notes:



 


Except as set forth below in
this Item (3), the undersigned does not beneficially own any Notes.


 


		(a)	Principal amount of Registrable Securities beneficially owned:
	 	 	 



 


	 	CUSIP No(s). of such Registrable Securities:	 




 


		(b)	Principal amount of Notes other than Registrable Securities beneficially owned:
	 	 	 



 



    A-3


     


    




 


	 	CUSIP No(s). of such other Notes:	 




 


		(c)	Principal amount of Registrable Securities which the undersigned wishes to be included in the Shelf Registration
                                                               Statement:______________________________________



 


CUSIP No(s). of such Registrable Securities to be included
in the Shelf Registration Statement:


 


		(4)	Beneficial Ownership of Other Securities of the Issuers:



 


Except as set forth below in
this Item (4), the undersigned Selling Securityholder is not the beneficial or registered owner of any other securities of
the Issuers other than the Notes listed above in Item (3).


 


State any exceptions here:


 


		(5)	Relationships with the Issuers:



 


Except as set forth below, neither
the Selling Securityholder nor any of its affiliates, officers, directors or principal equity holders (5% or more) has held any
position or office or has had any other material relationship with the Issuers (or their respective predecessors or affiliates)
during the past three years.


 


State any exceptions here:


 


		(6)	Plan of Distribution:



 


Except as set forth below, the
undersigned Selling Securityholder intends to distribute the Registrable Securities listed above in Item (3) only as follows
(if at all): Such Registrable Securities may be sold from time to time directly by the undersigned Selling Securityholder or, alternatively,
through underwriters, broker-dealers or agents. Such Registrable Securities may be sold in one or more transactions at fixed prices,
at prevailing market prices at the time of sale, at varying prices determined at the time of sale, or at negotiated prices. Such
sales may be effected in transactions (which may involve crosses or block transactions) (i) on any national securities exchange
or quotation service on which the Registrable Securities may be listed or quoted at the time of sale, (ii) in the over-the-counter
market, (iii) in transactions otherwise than on such exchanges or services or in the over-the-counter market, or (iv) through
the writing of options. In connection with sales of the Registrable Securities or otherwise, the Selling Securityholder may enter
into hedging transactions with broker-dealers, which may in turn engage in short sales of the Registrable Securities in the course
of hedging the positions they assume. The Selling Securityholder may also sell Registrable Securities short and deliver Registrable
Securities to close out such short positions, or loan or pledge Registrable Securities to broker-dealers that in turn may sell
such Registrable Securities.


 


State any exceptions here:





 






    A-4


     


    

 


By signing below, the Selling Securityholder
acknowledges that it understands its obligation to comply, and agrees that it will comply, with the provisions of the Exchange
Act including, without limitation, Regulation M.


  


In the event that the Selling Securityholder
transfers all or any portion of the Registrable Securities listed in Item (3) above after the date on which such information
is provided to the Issuers, the Selling Securityholder agrees to notify the transferee(s) at the time of the transfer of its
rights and obligations under this Notice and Questionnaire and the Exchange and Registration Rights Agreement.


 


By signing below, the Selling Securityholder
consents to the disclosure of the information contained herein in its answers to Items (1) through (6) above and the
inclusion of such information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder understands
that such information will be relied upon by the Issuers in connection with the preparation of the Shelf Registration Statement
and related Prospectus.


 


In accordance with the Selling Securityholder’s
obligation under Section 3(e) of the Exchange and Registration Rights Agreement to provide such information as may be
required by law for inclusion in the Shelf Registration Statement, the Selling Securityholder agrees to promptly notify the Issuers
of any inaccuracies or changes in the information provided herein which may occur subsequent to the date hereof at any time while
the Shelf Registration Statement remains in effect. All notices hereunder and pursuant to the Exchange and Registration Rights
Agreement shall be made in writing, by hand-delivery, first-class mail, or air courier guaranteeing overnight delivery as follows:


 


(i)            To
the Issuers:

_________________________

_________________________

_________________________

_________________________

_________________________


 


(ii)            With
a copy to:

_________________________

_________________________

_________________________

_________________________

_________________________


 


Once this Notice and Questionnaire is
executed by the Selling Securityholder and received by the Issuers’ counsel, the terms of this Notice and
Questionnaire, and the representations and warranties contained herein, shall be binding on, shall inure to the benefit of
and shall be enforceable by the respective successors, heirs, personal representatives, and assigns of the Issuers and the
Selling Securityholder (with respect to the Registrable Securities beneficially owned by such Selling Securityholder and
listed in Item (3) above). This Agreement shall be governed in all respects by the laws of the State of New York without
giving effect to any provisions relating to conflicts of laws.


 






    A-5


     


    

 





IN WITNESS WHEREOF, the undersigned, by authority
duly given, has caused this Notice and Questionnaire to be executed and delivered either in person or by its duly authorized agent.


 


Dated: ____________________


 


	 	 



Selling Securityholder

(Print/type full legal name of beneficial owner of Registrable Securities)


 


	By:	 	 
	 	Name:	 
	 	Title:	 




 


PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE
FOR RECEIPT ON OR BEFORE [DEADLINE FOR RESPONSE] TO THE ISSUERS’ COUNSEL AT:


 


_________________________

_________________________

_________________________

_________________________

_________________________


 






    A-6


     


    

 


EXHIBIT B


 


NOTICE OF TRANSFER PURSUANT TO REGISTRATION
STATEMENT


 


CCO HOLDINGS, LLC

CCO HOLDINGS CAPITAL CORP.


440 Atlantic Street, 10th Floor


Stamford, Connecticut 06901


Attention: General Counsel


 


The Bank of New York Mellon Trust Company, N.A.

[Address]

Attention: Trust Officer


 


		Re:	CCO Holdings, LLC and CCO Holdings Capital Corp. (the “Issuers”) 4.250% Senior Notes due 2031 (the “Notes”)



 


Please be advised that ________________ has
transferred $___________ aggregate principal amount of the above-referenced Notes pursuant to an effective Registration Statement
on Form S-1 (File No. 333-____) filed by the Issuers.


 


We hereby certify that the prospectus delivery
requirements, if any, of the Securities Act of 1933, as amended, have been satisfied and that the above-named beneficial owner
of the Notes is named as a “Selling Holder” in the prospectus dated [date] or in supplements thereto, and that the
aggregate principal amount of the Notes transferred are the Notes listed in such prospectus opposite such owner’s name.


 


Dated:


 


	 	Very truly yours,
	 	 
	 	 
	 	(Name)
	 	 
	 	By:	       
	 	(Authorized Signature)




 






    B-1