Document:

Cancellation of Promissory Note and Security Agreement

 Exhibit 10.53.3 
  
 CANCELLATION OF PROMISSORY NOTE AND SECURITY AGREEMENT 
  
 This Cancellation of Promissory Note and Security Agreement
(“Cancellation Agreement”) is entered into as of this 1st day of December, 2003, by and among KNOLOGY NEW MEDIA, INC. (“New Media”), SCANA COMMUNICATIONS HOLDINGS, INC. (“Scana”) and CAMPBELL B. LANIER, III
(“Lanier”). 
  
 R E C I T A L S 

 
 A. WHEREAS, New Media executed that certain Purchase Money Financing Line
of Credit Promissory Note dated as of September 15, 2003, in the original principal amount of $5,000,000 in favor of Scana and Lanier (the “Note”); 
  
 B. WHEREAS, in connection with the execution of the Note, New Media, Scana and Lanier entered into that certain Purchase Money Security Agreement dated as
of September 15, 2003 (the “Security Agreement”); 
  
 C.
WHEREAS, New Media did not draw any amounts available to it under the Note; 
  
 D. WHEREAS, the parties hereto agree that there are no obligations outstanding among the parties whatsoever relating to the Note and the Security Agreement; and 
  
 E. NOW, THEREFORE, based on the foregoing under the conditions stated below,
the parties hereto desire to cancel the Note and the Security Agreement. 
  
 A G R E E M E N T 
  
 The Note and the Security
Agreement are hereby terminated and cancelled, and are of no further force and effect. Scana and/or Lanier hereby agrees to promptly return the Note and the Security Agreement to New Media. 

 [Signatures on Next Page] 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Cancellation Agreement. 
  

	 KNOLOGY NEW MEDIA, INC.

		
	By:	 	/s/    Chad S. Wachter        
	 	

	 Its: General Counsel, Vice President and Secretary

	 
	 
	 
	 SCANA COMMUNICATIONS HOLDINGS, INC.

		
	By:	 	/s/    Peter J. Winnington        
	 	

	 Its: Assistant Secretary and Assistant Treasurer

	 
	 
	 
	 CAMPBELL B. LANIER, III

		
	By:	 	/s/    Campbell B. Lanier, III<PAGE>

                                                                 EXHIBIT 10-b-11

        MEMORANDUM OF PROPOSED ADJUSTMENTS UNDER THE CONEXANT STOCK PLANS

              Effective upon consummation of the distribution (the
"Distribution") by Conexant Systems, Inc. ("Conexant") to each holder of shares
of Common Stock, par value $.01 per share, of Conexant ("Conexant Common Stock")
as of the close of business on the Record Date (as defined in the Distribution
Agreement (the "Distribution Agreement") to be entered into prior to the
Distribution by and between Conexant and Mindspeed Technologies, Inc.
("Mindspeed")) of one share of Common Stock, par value $.01 per share
("Mindspeed Common Stock"), and one associated preferred share purchase right
("Right"), of Mindspeed for every three shares of Conexant Common Stock held by
such holder on the Record Date (which is subject to satisfaction or waiver of
the conditions set forth in the Distribution Agreement), all outstanding options
under the Conexant Stock Plans (as defined in the Employee Matters Agreement to
be entered into prior to the Distribution by and between Conexant and Mindspeed)
pursuant to the equitable adjustment provisions of the applicable Conexant Stock
Plan, shall be adjusted as set forth in this memorandum.

              Capitalized terms used in this memorandum but not defined herein
will have the meanings ascribed to such terms in the form of Distribution
Agreement approved by the Board of Directors on the date hereof or, if not
defined therein, in the form of Employee Matters Agreement approved by the Board
of Directors on the date hereof. As used in this memorandum (including Annex A
hereto), the following terms will have the following meanings (such meanings to
be equally applicable to both the singular and plural forms of the terms
defined):

              "AVERAGE PRICE OF BROADBAND COMMON STOCK" means the volume
       weighted average of the trading price per share of Conexant Common Stock
       trading on an "ex-distribution when-issued" basis (i.e., without the
       value of the Mindspeed Common Stock to be distributed in respect thereof)
       as reported on Nasdaq on the last full Nasdaq trading day immediately
       preceding the Time of Distribution (which may be the Distribution Date);
       provided, that if on such day (a) the trading volume of such
       "ex-distribution when-issued" trading is less than 7,500 shares or (b)
       the Committee determines (on or before 2:00 p.m., New York City time, on
       the first Nasdaq trading day following the Distribution Date) that the
       volume weighted average of the trading price per share of Conexant Common
       Stock trading on an "ex-distribution when-issued" basis does not fairly
       represent the per share value of Conexant Common Stock (excluding the
       value of Mindspeed Common Stock to be distributed in respect thereof),
       then the Deemed Broadband Value will be used in lieu thereof for purposes
       of calculating the Average Price of Broadband Common Stock.

<PAGE>

              "AVERAGE PRICE OF MINDSPEED COMMON STOCK" means the volume
       weighted average of the trading price per share of Mindspeed Common Stock
       trading on a "when-issued" basis as reported on the American Stock
       Exchange on the last full American Stock Exchange trading day immediately
       preceding the Time of Distribution (which may be the Distribution Date);
       provided, that if on such day (a) the trading volume of such
       "when-issued" trading is less than 2,500 shares or (b) the Committee
       determines (on or before 2:00 p.m., New York City time, on the first
       American Stock Exchange trading day following the Distribution Date) that
       the volume weighted average of the trading price per share of Mindspeed
       Common Stock trading on a "when-issued" basis does not fairly represent
       the per share value of Mindspeed Common Stock, then the Deemed Mindspeed
       Value will be used in lieu thereof for purposes of calculating the
       Average Price of Mindspeed Common Stock.

              "AVERAGE PRICE OF PRE-DISTRIBUTION CONEXANT COMMON STOCK" means
       the volume weighted average of the trading price per share of Conexant
       Common Stock trading on a "regular way" basis (with due bills) (i.e.,
       including the value of the Mindspeed Common Stock to be distributed in
       respect thereof) as reported on Nasdaq on the last full Nasdaq trading
       day immediately preceding the Time of Distribution (which may be the
       Distribution Date).

              "BROADBAND OPTION SPREAD" means, with respect to any Conexant
       Split Option (after its being adjusted pursuant to paragraph (a) below),
       the product of (a) the Broadband Spread Ratio, multiplied by (b) the
       Pre-Distribution Conexant Option Spread; provided, however, that in no
       event shall the Broadband Option Spread be less than 80% of the
       Pre-Distribution Conexant Option Spread or greater than 90% of the
       Pre-Distribution Conexant Option Spread.

              "BROADBAND SPREAD RATIO" means the amount obtained by dividing (a)
       the Five-Day Average Price of Broadband Common Stock by (b) the sum of
       (i) the Five-Day Average Price of Broadband Common Stock and (ii) the
       quotient of (A) the Five-Day Average Price of Mindspeed Common Stock
       divided by (B) three.

              "COMMITTEE" means the Mindspeed Transaction Committee appointed by
       the Conexant Board on March 22, 2003 for certain purposes, including in
       respect of the option adjustments provided for in this Agreement.

              "CONEXANT OPTION RATIO" means the amount obtained by dividing (a)
       the Average Price of Broadband Common Stock by (b) the Average Price of
       Pre-Distribution Conexant Common Stock.

              "DEEMED BROADBAND VALUE" means:

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<PAGE>

              (i) the remainder of (a) the Average Price of Pre-Distribution
       Conexant Common Stock minus (b) the quotient of (x) the volume weighted
       average of the trading price per share of Mindspeed Common Stock trading
       on a "when-issued" basis as reported on the American Stock Exchange on
       the last full American Stock Exchange trading day immediately preceding
       the Time of Distribution (which may be the Distribution Date), divided by
       (y) three; or

              (ii) if (x) clause (a) or (b) of the proviso of the definition of
       Average Price of Mindspeed Common Stock is applicable, or (y) the
       Committee determines (on or before 2:00 p.m., New York City time, on the
       first Nasdaq trading day following the Distribution Date) that the
       formulation of the Deemed Broadband Value pursuant to clause (i) above
       does not fairly represent the per share value of Conexant Common Stock
       (excluding the value of Mindspeed Common Stock to be distributed in
       respect thereof), the volume weighted average of the trading price per
       share of Conexant Common Stock trading on a "regular way" basis as
       reported on Nasdaq on the first full Nasdaq trading day immediately
       following the Time of Distribution.

              "DEEMED MINDSPEED VALUE" means:

              (i) the product of (a) the remainder of (x) the Average Price of
       Pre-Distribution Conexant Common Stock minus (y) the volume weighted
       average of the trading price per share of Conexant Common Stock trading
       on an "ex-distribution when-issued" basis (i.e., without the value of the
       Mindspeed Common Stock to be distributed in respect thereof) as reported
       on Nasdaq on the last full Nasdaq trading day immediately preceding the
       Time of Distribution (which may be the Distribution Date), multiplied by
       (b) three; or

              (ii) if (x) clause (a) or (b) of the proviso of the definition of
       Average Price of Broadband Common Stock is applicable, or (y) the
       Committee determines (on or before 2:00 p.m., New York City time, on the
       first American Stock Exchange trading day following the Distribution
       Date) that the formulation of the Deemed Mindspeed Value pursuant to
       clause (i) above does not fairly represent the per share value of
       Mindspeed Common Stock, the volume weighted averaged of the trading price
       per share of Mindspeed Common Stock trading on a "regular way" basis as
       reported on the American Stock Exchange on the first full American Stock
       Exchange trading day immediately following the Time of Distribution.

              "FIVE-DAY AVERAGE PRICE OF BROADBAND COMMON STOCK" means the
       average of the daily volume weighted average of the trading price per
       share of Conexant Common Stock trading on a "regular way" basis as
       reported on Nasdaq

                                       3

<PAGE>

       for the five full Nasdaq trading days immediately following the Time of
       Distribution.

              "FIVE-DAY AVERAGE PRICE OF MINDSPEED COMMON STOCK" means the
       average of the daily volume weighted average of the trading price per
       share of Mindspeed Common Stock trading on a "regular way" basis as
       reported on the American Stock Exchange for the five full American Stock
       Exchange trading days immediately following the Time of Distribution.

              "MINDSPEED OPTION RATIO" means the amount obtained by dividing (a)
       the Average Price of Mindspeed Common Stock by (b) the Average Price of
       Pre-Distribution Conexant Common Stock.

              "MINDSPEED OPTION SPREAD" means with respect to any Mindspeed
       Option received by a holder of a Conexant Split Option pursuant to
       paragraph (c) below, the Pre-Distribution Conexant Option Spread of the
       corresponding Conexant Split Option minus the Broadband Option Spread of
       such Conexant Split Option.

              "NASDAQ " means The Nasdaq Stock Market, Inc.

              "PRE-DISTRIBUTION CONEXANT OPTION SPREAD" means, with respect to
       any Conexant Split Option (prior to its being adjusted pursuant to
       paragraph (a) below), (a) the Average Price of Pre-Distribution Conexant
       Common Stock minus the per share exercise price of such unadjusted
       Conexant Split Option, multiplied by (b) the number of shares of Conexant
       Common Stock subject to such Conexant Split Option.

              The adjustments shall be made as follows:

              (a) Each Conexant Split Option held by any Person that is
outstanding immediately prior to the Time of Distribution will be adjusted
pursuant to the equitable adjustment and other provisions of the applicable
Conexant Stock Plan under which such Conexant Split Option was granted so that
the per share exercise price of such Conexant Split Option will equal the per
share exercise price of such Conexant Split Option immediately prior to the Time
of Distribution and prior to such adjustment, multiplied by the Conexant Option
Ratio, rounded up to the nearest hundredth of a cent. The number of shares of
Conexant Common Stock subject to the adjusted Conexant Split Option will equal
the quotient of (i) the Broadband Option Spread divided by (ii) the remainder of
the Average Price of Broadband Common Stock minus the per share exercise price
of such Conexant Split Option (as determined pursuant to the preceding
sentence), and, if any resultant fractional share of Conexant Common Stock
exists, rounded down to the nearest whole share, without any payment for such
fractional share; provided, however, if the

                                       4

<PAGE>

Broadband Option Spread equals zero dollars ($0), then the number of shares of
Conexant Common Stock subject to the Conexant Split Option will equal the number
of shares subject to the Conexant Split Option immediately prior to the Time of
Distribution (before the adjustment contemplated by this paragraph (a)).

              (b) Notwithstanding the foregoing, if the per share exercise price
of such adjusted Conexant Split Option determined in accordance with paragraph
(a) above results in a price of less than $.01, the per share exercise price of
such adjusted Conexant Split Option will be $.01 and the number of shares
subject to such adjusted Conexant Split Option will equal the quotient of (i)
the Broadband Option Spread divided by (ii) the remainder of the Average Price
of Broadband Common Stock minus $.01, and, if any resultant fractional share of
Conexant Common Stock exists, rounded down to the nearest whole share, without
any payment for such fractional share; provided, however, if the Broadband
Option Spread equals zero dollars ($0), then the number of shares of Conexant
Common Stock subject to the Conexant Split Option will equal the number of
shares subject to the Conexant Split Option immediately prior to the Time of
Distribution (before the adjustment contemplated by paragraph (a) above).

              (c) Each Person holding a Conexant Split Option immediately prior
to the Time of Distribution will receive a Mindspeed Option pursuant to the
equitable adjustment and other provisions of the applicable Conexant Stock Plan
under which such Conexant Split Option was granted. The Mindspeed Option will
have a per share exercise price equal to the per share exercise price of such
Conexant Split Option immediately prior to the Time of Distribution (before the
adjustment contemplated by paragraph (a) above), multiplied by the Mindspeed
Option Ratio, rounded up to the nearest hundredth of a cent. The number of
shares of Mindspeed Common Stock subject to the Mindspeed Option will equal the
quotient of (i) the Mindspeed Option Spread divided by (ii) the remainder of the
Average Price of Mindspeed Common Stock minus the per share exercise price of
such Mindspeed Option (as determined pursuant to the preceding sentence), and,
if any resultant fractional share of Mindspeed Common Stock exists, rounded down
to the nearest whole share, without any payment for such fractional share;
provided, however, if the Mindspeed Option Spread equals zero dollars ($0), then
the number of shares of Mindspeed Common Stock subject to the Mindspeed Option
will equal one-third the number of shares subject to the Conexant Split Option
immediately prior to the Time of Distribution (before the adjustment
contemplated by paragraph (a) above).

              (d) Notwithstanding the foregoing, if the per share exercise price
of such Mindspeed Option determined in accordance with paragraph (c) above
results in a price of less than $.01, the per share exercise price of such
Mindspeed Option will be $.01 and the number of shares subject to such Mindspeed
Option will equal the quotient of (i) the Mindspeed Option Spread divided by
(ii) the remainder of the Average Price of

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<PAGE>

Mindspeed Common Stock minus $.01, and, if any resultant fractional share of
Mindspeed Common Stock exists, rounded down to the nearest whole share, without
any payment for such fractional share; provided, however, if the Mindspeed
Option Spread equals zero dollars ($0), then the number of shares of Mindspeed
Common Stock subject to the Mindspeed Option will equal one-third the number of
shares subject to the Conexant Split Option immediately prior to the Time of
Distribution (before the adjustment contemplated by paragraph (a) above).

              (e) Each Specified Conexant Option that is outstanding immediately
prior to the Time of Distribution will be adjusted pursuant to the equitable
adjustment and other provisions of the applicable Conexant Stock Plan under
which such Specified Conexant Option was granted so that the number of shares of
Conexant Common Stock subject to such adjusted Specified Conexant Option will
equal the number of shares subject to such Specified Conexant Option immediately
prior to the Time of Distribution and prior to such adjustment, multiplied by
the reciprocal of the Conexant Option Ratio, and, if any resultant fractional
share of Conexant Common Stock exists, rounded down to the nearest whole share,
without any payment for such fractional share. The adjusted Specified Conexant
Option will have a per share exercise price equal to the per share exercise
price of such Specified Conexant Option immediately prior to the Time of
Distribution and prior to such adjustment, multiplied by the Conexant Option
Ratio, rounded up to the nearest hundredth of a cent.

              (f) Notwithstanding the foregoing, if the per share exercise price
of such adjusted Specified Conexant Option determined in accordance with
paragraph (e) above results in a price of less than $.01, the per share exercise
price of such adjusted Specified Conexant Option will be $.01 and the number of
shares subject to such adjusted Specified Conexant Option will equal the
quotient of (i) the Pre-Distribution Conexant Option Spread divided by (ii) the
remainder of the Average Price of Broadband Common Stock minus $.01, and, if any
resultant fractional share of Conexant Common Stock exists, rounded down to the
nearest whole share, without any payment for such fractional share.

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