Document:

exhibit10_2.htm

     

    Exhibit
10.2

    
 

    EXECUTION VERSION

    
      

      

    

    

     

    COLLATERAL
AGREEMENT

     

    made
by

     

    CHARTER
COMMUNICATIONS OPERATING, LLC

    and the
other Grantors party hereto

     

    in favor
of

     

    WILMINGTON
TRUST COMPANY,

    as
Trustee

     

     

     

    Dated as
of March 19, 2008

     

    
      

      
        

        

      

    

    
      
        
        

         

      

      
         

        
          

        

      

      
         

      

    

    TABLE OF
CONTENTS

     

    Page

    

      

        
          	
                  SECTION 1. DEFINED TERMS

                	 	 	1	 
	 	1.1	 	
                  Definitions

                	 	 	1	 
	 	1.2	 	
                  Other Definitional
    Provisions

                	 	 	6	 
	
                  SECTION 2. FIRST LIEN CREDITORS; DELIVERY OF
      COLLATERAL

                	 	 	7	 
	 	2.1	 	
                  Indenture

                	 	 	7	 
	 	2.2	 	
                  Delivery of Collateral

                	 	 	7	 
	
                  SECTION 3. GRANT OF SECURITY
      INTEREST

                	 	 	7	 
	 	3.1	 	
                  Collateral

                	 	 	7	 
	
                  SECTION 4. CERTIFICATED
      INTERESTS

                	 	 	8	 
	 	4.1	 	
                  Pledged Partnership
    Interests

                	 	 	8	 
	 	4.2	 	
                  Pledged LLC Interests

                	 	 	8	 
	
                  SECTION 5. REPRESENTATIONS AND
      WARRANTIES

                	 	 	8	 
	 	5.1	 	
                  Title; No Other Liens

                	 	 	8	 
	 	5.2	 	
                  Perfected Liens

                	 	 	8	 
	 	5.3	 	
                  Jurisdiction of
Organization

                	 	 	9	 
	 	5.4	 	
                  Pledged Securities

                	 	 	9	 
	
                  SECTION 6. COVENANTS

                	 	 	9	 
	 	6.1	 	
                  Delivery of Instruments, Certificated Securities
      and Chattel Paper

                	 	 	9	 
	 	6.2	 	
                  Insurance

                	 	 	10	 
	 	6.3	 	
                  Maintenance of Perfected Security Interest;
      Further Documentation

                	 	 	10	 
	 	6.4	 	
                  Changes in Locations, Name,
      etc.

                	 	 	10	 
	 	6.5	 	
                  Pledged Securities

                	 	 	10	 
	
                  SECTION 7. REMEDIAL
    PROVISIONS

                	 	 	12	 
	 	7.1	 	
                  Investment Property

                	 	 	12	 
	 	7.2	 	
                  Proceeds To Be Turned Over to
      Trustee

                	 	 	12	 
	 	7.3	 	
                  Application of Proceeds

                	 	 	13	 
	 	7.4	 	
                  Code and Other Remedies

                	 	 	13	 
	 	7.5	 	
                  Registration Rights

                	 	 	14	 
	 	7.6	 	
                  Deficiency

                	 	 	15	 
	 	7.7	 	
                  Certain Matters Relating to Pledged
      Receivables

                	 	 	15	 
	 	7.8	 	
                  Communications with Obligors; Grantors Remain
      Liable

                	 	 	15	 
	 	7.9	 	
                  Silo Credit Agreements, etc

                	 	 	16	 
	 	7.1	 	
                  Permitted Payments, etc.

                	 	 	16	 
	
                  SECTION 8. THE TRUSTEE

                	 	 	16	 
	 	8.1	 	
                  Trustee’s Appointment as Attorney-in-Fact,
      etc.

                	 	 	16	 
	 	8.2	 	
                  Duty of Trustee

                	 	 	18	 
	 	8.3	 	
                  Financing Statements

                	 	 	18	 
	 	8.4	 	
                  Authority of Trustee

                	 	 	18	 
	
                  SECTION 9. MISCELLANEOUS

                	 	 	19	 
	 	9.1	 	
                  Amendments in Writing

                	 	 	19	 
	 	9.2	 	
                  Notices

                	 	 	19	 
	 	9.3	 	
                  No Waiver by Course of Conduct; Cumulative
      Remedies

                	 	 	19	 

        

         

        
          
             

             

            -i-

          

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          	 	9.4	 	
                  Enforcement Expenses;
      Indemnification

                	 	 	19	 
	 	9.5	 	
                  Successors and Assigns

                	 	 	20	 
	 	9.6	 	
                  Counterparts

                	 	 	20	 
	 	9.7	 	
                  Severability

                	 	 	20	 
	 	9.8	 	
                  Governmental Approvals

                	 	 	20	 
	 	9.9	 	
                  Section Headings

                	 	 	22	 
	 	9.1	 	
                  Integration

                	 	 	22	 
	 	9.11	 	
                  GOVERNING LAW

                	 	 	22	 
	 	9.12	 	
                  Submission to Jurisdiction;
      Waivers

                	 	 	22	 
	 	9.13	 	
                  Acknowledgments

                	 	 	23	 
	 	9.14	 	
                  Additional Grantors;
Release

                	 	 	23	 
	 	9.15	 	
                  WAIVER OF JURY TRIAL

                	 	 	23	 

        

      

    

    

    SCHEDULES

    

    
      	
              Schedule
      1

            	
              Pledged
      Securities

            

    

    
      	
              Schedule
      2

            	
              Perfection
      Matters

            

    

    
      	
              Schedule
      3

            	
              Jurisdictions
      of Organization

            
	Schedule
      4	Intellectual
      Property

    

    

    ANNEXES

    

    Annex
1                      Form
of Assumption Agreement

    
      
        
          

           

          -ii-

        

         

      

      
         

        
          

        

      

      
         

      

    

    COLLATERAL
AGREEMENT

     

    COLLATERAL
AGREEMENT, dated as of March 19, 2008, made by CHARTER COMMUNICATIONS OPERATING,
LLC (the “Company”), CHARTER
COMMUNICATIONS OPERATING CAPITAL CORP.  (“Capital Corp.”), CCO
HOLDINGS LLC (“CCOH”) and each of
the Restricted Subsidiaries of the Company party hereto (the “Subsidiary Grantors”
and, together with the Company, Capital Corp. and CCOH, collectively, the “Grantors”, and
individually, a “Grantor”), in favor
of WILMINGTON TRUST COMPANY, as Trustee (in such capacity, the “Trustee”), for the
record holders (the “Holders”) from time
to time of the Notes (as defined below) pursuant to the Indenture, dated as of
the date hereof (as amended, supplemented or otherwise modified from time to
time, the “Indenture”), among
the Company, Capital Corp., the several guarantors party thereto and the
Trustee.

     

    W I T N E S S E T
H:

     

    WHEREAS,
the Company and Capital Corp. have issued 10 7/8 % Senior
Second Lien Notes due 2014 pursuant to the Indenture (the “Initial Notes”) and
may hereafter issue Additional Notes (as defined in the Indenture, collectively,
the “Notes”);
and

     

    WHEREAS,
it is a condition precedent to the purchase of Initial Notes by the initial
purchasers thereof that the Grantors shall have executed and delivered this
Agreement to the Trustee for the ratable benefit of the Holders.

     

    NOW,
THEREFORE, in consideration of the above premises, the parties hereto hereby
agree as follows:

     

     

    SECTION
1.                                DEFINED
TERMS

     

    1.1 Definitions.  (a)  Unless
otherwise defined herein, terms defined in the Indenture and used herein shall
have the meanings given to them in the Indenture, and the following terms are
used herein as defined in the Applicable UCC:  Accounts, Certificated
Security, Chattel Paper, Documents, Equipment, Fixtures, General Intangibles,
Instruments, Inventory, Letter-of-Credit Rights and Supporting
Obligations.

     

    (b) The
following terms shall have the following meanings:

     

    “Additional
Collateral”:  all of the following property of the Company and
the Subsidiary Grantors, to the extent that a security interest in such property
can be perfected by the filing of a Uniform Commercial Code financing statement:
all Accounts, all Chattel Paper, all Documents, all Equipment, all Fixtures, all
General Intangibles, all Instruments, all Intellectual Property, all Inventory,
all Investment Property and all other property not otherwise described in this
definition.

     

    “Agreement”:  this
Collateral Agreement, as the same may be amended, supplemented, restated or
otherwise modified from time to time.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Applicable
UCC”:  the Uniform Commercial Code as from time to time in
effect in the State of Delaware, subject to Section 9.11.

     

    “CATV
Franchise”:  as defined in the CCO Credit Facility as in effect
on the date hereof.

     

    “CATV
System”:  as defined in the CCO Credit Facility as in effect on
the date hereof.

     

    “CCH”:  Charter
Communications Holdings, LLC, a Delaware limited liability company, together
with its successors.

     

    “Charter
Group”:  as defined in the CCO Credit Facility as in effect on
the date hereof.

     

    “Collateral”:  as
defined in Section 3.1.

     

    “Collateral
Account”:  any collateral account established by the Trustee as
provided in Section 7.2.

     

    “FCC”:  the
Federal Communications Commission and any successor thereto.

     

    “FCC
License”:  any community antenna relay service, broadcast
auxiliary license, earth station registration, business radio, microwave or
special safety radio service license issued by the FCC pursuant to the
Communications Act of 1934, as amended.

     

    “Foreign
Subsidiary”:  any Subsidiary organized under the laws of any
jurisdiction outside the United States of America.

     

    “Foreign Subsidiary Voting
Equity Interests”:  the voting Equity Interests of any Foreign
Subsidiary.

     

    “Grantor”:  as
defined in the preamble.

     

    “Governmental
Authority”:  any nation or government, any state or other
political subdivision thereof, any agency, authority, instrumentality,
regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative functions of or
pertaining to government, any securities exchange and any self-regulatory
organization (including the National Association of Insurance
Commissioners).

     

    “Indenture
Documents”:  the Indenture, the Notes, this Agreement, or any
other document made, delivered or given in connection with any of the
foregoing.

     

    “Intellectual
Property”:  the collective reference to all rights, priorities
and privileges in and to the Patents, the Patent Licenses, the Trademarks and
the Trademark Licenses, and all rights to sue at law or in equity for any
infringement or other impairment 

     

    
      
        
        

      

      
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    thereof,
in each case, whether arising under United States, multinational or foreign laws
or otherwise, including the right to receive all proceeds and damages
therefrom.

     

    “Intercompany
Obligations”:  all obligations, whether constituting General
Intangibles or otherwise, owing to the Company or any Subsidiary Grantor by any
Affiliate of the Company or such Subsidiary Grantor, and with respect to CCOH,
all obligations, whether constituting General Intangibles or otherwise, owing to
CCOH by the Company or any of its Subsidiaries.

     

    “Investment
Property”:  the collective reference to (i) all “investment
property” as such term is defined in Section 9-102(a)(49) of the Applicable
UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition
of “Pledged Stock”) and (ii) whether or not constituting “investment property”
as so defined, all Pledged Notes and all Pledged Stock.

     

    “Issuers”:  the
collective reference to each issuer of any Pledged Securities.

     

    “License”:  as
to any Person, any license, permit, certificate of need, authorization,
certification, accreditation, franchise, approval, or grant of rights by any
Governmental Authority or other Person necessary or appropriate for such Person
to own, maintain, or operate its business or property, including FCC
Licenses.

     

    “Non-Recourse
Subsidiary” as defined in the CCO Credit Facility as in effect on the
date hereof.

     

    “Obligations”:  the
collective reference to the unpaid principal of and interest on the Notes and
all other obligations and liabilities of the Company (including any increase in
the aggregate principal amount of the Notes together with any interest accruing
at then applicable rate provided in the Indenture or the Notes after the
maturity of the Notes and interest accruing at then applicable rate provided in
the Indenture after the filing of any petition in bankruptcy, or the
commencement of any insolvency, reorganization or like proceeding, relating to
the Company, whether or not a claim for post-filing or post-petition interest is
allowed in such proceeding) to the Trustee or any Holder, whether direct or
indirect, absolute or contingent, due or to become due, or now existing or
hereafter incurred, which may arise under, out of, or in connection with, the
Indenture, this Agreement, or any other document made, delivered or given in
connection with any of the foregoing, in each case whether on account of
principal, interest, fees, indemnities, costs, expenses or otherwise (including
all fees and disbursements of counsel that are required to be paid by the
Company pursuant to the terms of any of the foregoing agreements).

     

    “Patents”:  (i) all
letters patent of the United States, any other country or any political
subdivision thereof, all reissues and extensions thereof and all goodwill
associated therewith, including any of the foregoing referred to in Schedule 4,
(ii) all applications for letters patent of the United States or any other
country and all divisions, continuations and continuations-in-part thereof,
including any of the foregoing referred to in Schedule 4, and
(iii) all rights to obtain any reissues or extensions of the
foregoing.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    “Patent
License”:  all agreements, whether written or oral, providing
for the grant by or to any Grantor of any right to manufacture, use or sell any
invention covered in whole or in part by a Patent, including any of the
foregoing referred to in Schedule 4 (it being
understood that oral agreements are not required to be listed in Schedule
4).

     

    “Pledged LLC
Interests”: in each case, whether now existing or hereafter acquired, all
of a Grantor’s right, title and interest in and to:

     

    (i) any
Issuer (other than any Non-Recourse Subsidiary) that is a limited liability
company, but not any of such Grantor’s obligations from time to time as a holder
of interests in any such Issuer (unless the Trustee or its designee, on behalf
of the Trustee, shall elect to become a holder of interests in any such Issuer
in connection with its exercise of remedies pursuant to the terms
hereof);

     

    (ii) any and
all moneys due and to become due to such Grantor now or in the future by way of
a distribution made to such Grantor in its capacity as a holder of interests in
any such Issuer or otherwise in respect of such Grantor’s interest as a holder
of interests in any such Issuer;

     

    (iii) any other
property of any such Issuer to which such Grantor now or in the future may be
entitled in respect of its interests in any such Issuer by way of distribution,
return of capital or otherwise;

     

    (iv) any other
claim or right which such Grantor now has or may in the future acquire in
respect of its interests in any such Issuer;

     

    (v) the
organizational documents of any such Issuer;

     

    (vi) all
certificates, options or rights of any nature whatsoever that may be issued or
granted by any such Issuer to such Grantor while this Agreement is in effect;
and

     

    (vii) to the
extent not otherwise included, all Proceeds of any or all of the
foregoing.

     

    “Pledged
Notes”:  with respect to the Company and the Subsidiary
Grantors, any promissory note evidencing loans made by any Grantor to any member
of the Charter Group, and with respect to CCOH, any promissory note evidencing
loans made by CCOH to the Company or any of its Subsidiaries, including, in each
case, all promissory notes listed on Schedule
1.

     

    “Pledged Partnership
Interests”:  in each case, whether now existing or hereafter
acquired, all of a Grantor’s right, title and interest in and to:

     

    (i) any
Issuer (other than any Non-Recourse Subsidiary) that is a partnership, but not
any of such Grantor’s obligations from time to time as a general or limited
partner, as the case may be, in any such Issuer (unless the Trustee or its
designee, on behalf of the Trustee, shall elect to become a general or limited
partner, as the case may 

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

       

      be, in
any such Issuer in connection with its exercise of remedies pursuant to the
terms hereof);

    

     

    (ii) any and
all moneys due and to become due to such Grantor now or in the future by way of
a distribution made to such Grantor in its capacity as a general partner or
limited partner, as the case may be, in any such Issuer or otherwise in respect
of such Grantor’s interest as a general partner or limited partner, as the case
may be, in any such Issuer;

     

    (iii) any other
property of any such Issuer to which such Grantor now or in the future may be
entitled in respect of its interests as a general partner or limited partner, as
the case may be, in any such Issuer by way of distribution, return of capital or
otherwise;

     

    (iv) any other
claim or right which such Grantor now has or may in the future acquire in
respect of its general or limited partnership interests in any such
Issuer;

     

    (v) the
partnership agreement or other organizational documents of any such
Issuer;

     

    (vi) all
certificates, options or rights of any nature whatsoever that may be issued or
granted by any such Issuer to such Grantor while this Agreement is in effect;
and

     

    (vii) to the
extent not otherwise included, all Proceeds of any or all of the
foregoing.

     

    “Pledged
Receivables”:  the collective reference to all Receivables
pledged by any Grantor as Collateral.

     

    “Pledged
Securities”:  the collective reference to the Pledged Notes and
the Pledged Stock, together with the Proceeds thereof.

     

    “Pledged
Stock”:  the Equity Interests listed on Schedule 1, together
with any other shares, stock certificates, options, interests or rights of any
nature whatsoever in respect of the Equity Interests (i) with respect to
the Company or any Subsidiary Grantor, of any Person (other than any
Non-Recourse Subsidiary) that may be issued or granted to, or held by, the
Company or any Subsidiary Grantor, and (ii) with respect to CCOH, of the
Company or any of its Subsidiaries, in each case while this Agreement is in
effect including, in any event, the Pledged LLC Interests and Pledged
Partnership Interests.

     

    “Proceeds”:  all
“proceeds” as such term is defined in Section 9-102(a)(64) of the
Applicable UCC and, in any event, shall include all dividends, distributions or
other income from the Pledged Securities and Investment Property, collections
thereon or distributions or payments with respect thereto.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    “Receivable”:  any
right to payment for goods sold or leased or for services rendered, whether or
not such right is evidenced by an Instrument or Chattel Paper and whether or not
it has been earned by performance (including any Account).

     

    “Requirement of
Law”:  as to any Person, the certificate of incorporation and
by-laws or other organizational or governing documents of such Person, and any
law, treaty, rule or regulation or determination of an arbitrator or a court or
other Governmental Authority, in each case applicable to or binding upon such
Person or any of its property or to which such Person or any of its property is
subject.

     

    “Securities
Act”:  the Securities Act of 1933, as amended.

     

    “Silo Credit
Agreement” as defined in the CCO Credit Facility.

     

    “Silo Collateral
Agreement” as defined in the CCO Credit Facility.

     

    “Trademarks”:  (i)
all trademarks, trade names, corporate names, company names, business names,
fictitious business names, trade styles, service marks, logos and other source
or business identifiers, and all goodwill associated therewith, now existing or
hereafter adopted or acquired, all registrations and recordings thereof, and all
applications in connection therewith, whether in the United States Patent and
Trademark Office or in any similar office or agency of the United States, any
State thereof or any other country or any political subdivision thereof, or
otherwise, and all common-law rights related thereto, including any of the
foregoing referred to in Schedule 4, and (ii)
the right to obtain all renewals thereof.

     

    “Trademark
License”:  any agreement, whether written or oral, providing
for the grant by or to any Grantor of any right to use any Trademark, including
any of the foregoing referred to in Schedule 4 (it being
understood that oral agreements are not required to be listed on Schedule
4).

     

    1.2 Other Definitional
Provisions.  (a)  The
words “hereof,” “herein”, “hereto” and “hereunder” and words of similar import
when used in this Agreement shall refer to this Agreement as a whole and not to
any particular provision of this Agreement, and Section and
Schedule references are to this Agreement unless otherwise
specified.

     

    (b) The
meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

     

    (c) Where the
context requires, terms relating to the Collateral or any part thereof, when
used in relation to a Grantor, shall refer to such Grantor’s Collateral or the
relevant part thereof.

     

    (d) The words
“include”, “includes” and “including” shall be deemed to be followed by the
phrase “without limitation”, whether or not expressly stated.

     

    
      
        
        

      

      
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    SECTION
2.                                FIRST
LIEN CREDITORS; DELIVERY OF COLLATERAL

     

    2.1 Indenture.  In
the event of any conflict between this Agreement and the Indenture, the
provisions of the Indenture shall control.

     

    2.2 Delivery of
Collateral.  At
any time that the Intercreditor Agreement is in effect, any requirement for
delivery of Collateral to the Trustee under this Agreement shall be deemed
satisfied by delivery of such Collateral to the First Lien Representative or the
Second Lien Representative.  Each Grantor hereby acknowledges that
such First Lien Representative or Second Lien Representative shall be holding
the Collateral for the benefit of the Trustee and the Holders.

     

     

    SECTION
3.                                GRANT
OF SECURITY INTEREST

     

    3.1 Collateral.  Each
Grantor hereby assigns and transfers to the Trustee, and hereby grants to the
Trustee, for the ratable benefit of the Holders, a security interest in, all of
the following property now owned or at any time hereafter acquired by such
Grantor or in which such Grantor now has or at any time in the future may
acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete
payment and performance when due (whether at the stated maturity, by
acceleration or otherwise) of the Obligations:

     

    (a) all
Pledged Securities;

     

    (b) all
Intercompany Obligations;

     

    (c) all of
the Additional Collateral

     

    (d) all books
and records pertaining to the Collateral;  and

     

    (e) to the
extent not otherwise included, all Proceeds, Supporting Obligations and products
of any and all of the foregoing, all collateral security and guarantees given by
any Person with respect to any of the foregoing and any Instruments evidencing
any of the foregoing.

     

    Notwithstanding
any of the other provisions set forth in this Agreement, (i) in no event
shall “Collateral” include any right, title or interest of any Grantor in or to
any property to the extent that such property is not then collateral security
for the CCO Credit Facility, any Related Obligations or any Indebtedness under
clause (1) of the second paragraph of Section 4.10 of the Indenture,
(ii) this Agreement shall not constitute a grant of a security interest in,
and the Collateral shall not include, (x) any property to the extent that such
grant of a security interest is prohibited by any Requirements of Law of a
Governmental Authority, requires a consent not obtained of any Governmental
Authority pursuant to such Requirement of Law or is prohibited by, or
constitutes a breach or default under or results in the termination of or
requires any consent not obtained under, any contract, license, agreement
(including any joint venture, partnership or limited liability company operating
agreement, unless the same relates to a Wholly

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    Owned
Subsidiary), instrument or other document evidencing or giving rise to such
property except to the extent that such Requirement of Law or the term in such
contract, license, agreement, instrument or other document providing for such
prohibition, breach, default or termination or requiring such consent is
ineffective under applicable law or (y) any property that is subject to a
purchase money security interest permitted by the Indenture for so long as it is
subject to such security interest and (iii) in no event shall more than 66%
of the total outstanding Foreign Subsidiary Voting Equity Interests of any
Foreign Subsidiary constitute Collateral or be required to be pledged hereunder
(collectively, “Excluded
Assets”).

     

    The
parties hereto acknowledge that the Collateral granted by any Grantor hereunder
secures the Obligations whether or not such Grantor guarantees any of the
Obligations.

     

     

    SECTION
4.                                CERTIFICATED
INTERESTS

     

    4.1 Pledged Partnership
Interests.  Concurrently
with the delivery to the Trustee of any certificate representing Pledged
Partnership Interests, if any, the relevant Grantor shall, if requested by the
Trustee, deliver an undated power covering such certificate, duly executed in
blank by such Grantor.

     

    4.2 Pledged LLC
Interests.  Concurrently
with the delivery to the Trustee of any certificate representing Pledged LLC
Interests, if any, the relevant Grantor shall, if requested by the Trustee,
deliver an undated power covering such certificate, duly executed in blank by
such Grantor.

     

     

    SECTION
5.                                REPRESENTATIONS
AND WARRANTIES

     

    To induce
the Trustee to enter into the Indenture and to induce the Holders to purchase
the Notes, each Grantor hereby represents and warrants to the Trustee and each
Holder that:

     

    5.1 Title; No Other
Liens.  Except
for the security interest granted to the Trustee for the ratable benefit of the
Holders pursuant to this Agreement and the other Liens not prohibited to exist
on the Collateral by the Indenture, such Grantor owns each item of the
Collateral free and clear of any and all Liens.  For the avoidance of
doubt, it is understood and agreed that any Grantor may, as part of its
business, grant licenses to third parties to use Intellectual Property owned or
developed by a Grantor.  For purposes of this Agreement and the
Indenture, such licensing activity shall not constitute a “Lien” on such
Intellectual Property.  Each of the Trustee and each Holder
understands that any such licenses may be exclusive to the applicable licensees,
and such exclusivity provisions may limit the ability of the Trustee to utilize,
sell, lease or transfer the related Intellectual Property or otherwise realize
value from such Intellectual Property pursuant hereto.

     

    5.2 Perfected
Liens.  The
security interests granted pursuant to this Agreement (a) constitute valid
perfected security interests in all of the Collateral in favor of the Trustee,
for 

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

       

      the
ratable benefit of the Holders, as collateral security for the Obligations,
enforceable in accordance with the terms hereof against all creditors of such
Grantor and any Persons purporting to purchase any Collateral from such Grantor
and (b) are prior to all other Liens on the Collateral in existence on the
date hereof except for Liens not prohibited by the Indenture.

    

     

    5.3 Jurisdiction of
Organization.  On the date hereof, such
Grantor’s jurisdiction of organization is specified on Schedule
3.

     

    5.4 Pledged
Securities.  (a)  The
Equity Interests, if any, pledged by such Grantor hereunder constitute all the
issued and outstanding shares of all classes of the Equity Interests of each
Issuer owned by such Grantor or, in the case of Foreign Subsidiary Voting Stock,
if less, 66% of the outstanding Foreign Subsidiary Voting Stock of each relevant
Issuer.

     

    (b) Except
with respect to Pledged Stock from time to time constituting an immaterial
portion of the Collateral, all the shares of the Pledged Stock have been duly
and validly issued and are fully paid and nonassessable.

     

    (c) None of
the Pledged LLC Interests or Pledged Partnership Interests constitutes a
security under Section 8-103 of the Applicable UCC or the corresponding
code or statute of any other applicable jurisdiction.

     

    (d) Except
with respect to Pledged Notes from time to time constituting an immaterial
portion of the Collateral, each of the Pledged Notes constitutes the legal,
valid and binding obligation of the obligor with respect thereto, enforceable in
accordance with its terms, subject to the effects of bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other similar laws
relating to or affecting creditors’ rights generally, general equitable
principles (whether considered in a proceeding in equity or at law) and an
implied covenant of good faith and fair dealing.

     

    (e) Such
Grantor is the record and beneficial owner of, and has good title to, the
Pledged Securities pledged by it hereunder, free of any and all Liens or options
in favor of, or claims of, any other Person, except the security interest
created by this Agreement and any Liens permitted under Section 4.14 of the
Indenture.

     

     

    SECTION
6.                                COVENANTS

     

    Each
Grantor covenants and agrees that, from and after the date of this Agreement
until the Obligations shall have been paid in full or the relevant Collateral
has been released in accordance with Section 9.14:

     

    6.1 Delivery of Instruments,
Certificated Securities and Chattel Paper.  If
any amount payable under or in connection with any of the Collateral shall be or
become evidenced by any Instrument, Certificated Security or Chattel Paper with
a face value of $5,000,000 or more, such Instrument, Certificated Security or
Chattel Paper shall be promptly delivered to the Trustee, duly indorsed in a
manner satisfactory to the Trustee, to be held as Collateral pursuant to this
Agreement.

     

    
      
        
        

      

      
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    6.2 Insurance.  All
insurance maintained by any Grantor with respect to the Collateral shall (a)
provide that no cancellation, material reduction in amount or material change in
coverage thereof shall be effective until at least 30 days after receipt by the
Trustee of written notice thereof and (b) name the Trustee as insured party or
loss payee, as applicable and customary. At the request of the Trustee, such
Grantor shall provide evidence of compliance with this Section 6.2 to the
Trustee.

     

    6.3 Maintenance of Perfected
Security Interest; Further Documentation.  (a)  Such
Grantor shall, at the request of the Trustee, take all reasonable actions to
maintain the security interest created by this Agreement as a perfected security
interest having at least the priority described in Section 5.2 (including
making the filings referred to on Schedule 2) and shall defend such security
interest against the claims and demands of all Persons whomsoever.

     

    (b) Such
Grantor will furnish to the Trustee and the Holders from time to time, as
reasonably requested by the Trustee, statements and schedules further
identifying and describing the assets and property of such Grantor constituting,
or intended to constitute, Collateral and such other reports in connection
therewith as the Trustee may reasonably request, all in reasonable
detail.

     

    (c) At any
time and from time to time, upon the written request of the Trustee, and at the
sole expense of such Grantor, such Grantor will promptly and duly execute and
deliver, and have recorded, such further instruments and documents and take such
further actions as the Trustee may reasonably request for the purpose of
obtaining or preserving the full benefits of this Agreement and of the rights
and powers herein granted, including (i) filing any financing or
continuation statements under the Uniform Commercial Code (or other similar
laws) in effect in any jurisdiction with respect to the security interests
created hereby and (ii) in the case of Pledged Securities, Investment
Property, Letter-of-Credit Rights and any other relevant Collateral, taking any
actions necessary to enable the Trustee to obtain “control” (within the meaning
of the applicable Uniform Commercial Code) with respect thereto; provided, that
no account control agreements will be required unless an Event of Default is in
existence.

     

    6.4 Changes in Locations, Name,
etc. Such
Grantor will not, except upon prior written notice to the Trustee:

     

    (a) change
its jurisdiction of organization from that referred to in Section 5.3;
or

     

    (b) change
its name to such an extent that any financing statement filed by the Trustee in
connection with this Agreement would become seriously misleading;

     

    unless,
within 30 days of the taking of any such actions, such Grantor delivers to the
Trustee notice of such change and all documents reasonably requested by the
Trustee to maintain the validity, perfection and priority of the security
interests provided for herein.

     

    6.5 Pledged
Securities.  (a)  If
such Grantor shall become entitled to receive or shall receive any certificate
(including any certificate representing a dividend or a distribution in
connection with any reclassification, increase or reduction of capital or any
certificate issued in 

     

    
      
        
        

      

      
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      connection
with any reorganization), option or rights in respect of the Equity Interests of
any Issuer, whether in addition to, in substitution of, as a conversion of, or
in exchange for, any shares of the Pledged Stock, or otherwise in respect
thereof, such Grantor shall accept the same as the agent of the Trustee and the
Holders, hold the same in trust for the Trustee and the Holders, and, with
respect to Pledged Stock constituting securities under and as defined in
Section 8-103 of the Applicable UCC, deliver the same forthwith to the
Trustee in the exact form received, duly indorsed by such Grantor to the
Trustee, if required, together with an undated power covering such certificate
duly executed in blank by such Grantor, to be held by the Trustee, subject to
the terms hereof, as additional collateral security for the
Obligations.  During the continuance of an Event of Default, subject
to Section 7.10, after written notice from the Trustee, any sums paid upon
or in respect of the Pledged Securities upon the liquidation or dissolution of
any Issuer shall be paid over to the Trustee to be held by it hereunder as
additional collateral security for the Obligations, and in case any distribution
of capital shall be made on or in respect of the Pledged Securities or any
property shall be distributed upon or with respect to the Pledged Securities
pursuant to the recapitalization or reclassification of the capital of any
Issuer or pursuant to the reorganization thereof, the property so distributed
shall be delivered to the Trustee to be held by it hereunder as additional
collateral security for the Obligations.  Subject to
Section 7.10, if any sums of money or property so paid or distributed in
respect of the Pledged Securities shall be received by such Grantor, during the
continuance of an Event of Default, after notice from the Trustee, such Grantor
shall, until such money or property is paid or delivered to the Trustee, hold
such money or property in trust for the Holders, segregated from other funds of
such Grantor, as additional collateral security for the
Obligations.

    

     

    (b) Without
the prior written consent of the Trustee, such Grantor will not (i) sell,
assign, transfer, exchange, or otherwise dispose of, or grant any option with
respect to, the Pledged Securities or Proceeds thereof (except pursuant to a
transaction not prohibited by the Indenture), or (ii) create, incur or permit to
exist any Lien on any of the Pledged Securities or Proceeds thereof, or any
interest therein, except for the security interests created by this Agreement or
Liens not prohibited under the Indenture.

     

    (c) Without
the prior written consent of the Trustee, such Grantor will not, and will not
permit any Issuer that is a limited liability company or partnership, to amend
such Issuer’s certificate of formation, certificate of limited partnership,
statement of partnership existence, limited liability company agreement,
partnership agreement or operating agreement to provide that any Equity
Interests in any Issuer constitute a security under Section 8-103 of the
Applicable UCC or the corresponding code or statute of any other applicable
jurisdiction.

     

    (d) In the
case of each Grantor which is an Issuer, such Issuer agrees that (i) it will be
bound by the terms of this Agreement relating to the Pledged Securities issued
by it and will comply with such terms insofar as such terms are applicable to
it, (ii) it will notify the Trustee promptly in writing of the occurrence of any
of the events described in Section 6.5(a) with respect to the Pledged
Securities issued by it and (iii) the terms of Sections 7.1(c) and 7.5
shall apply to it, mutatis mutandis, with
respect to all actions that may be required of it pursuant to
Section 7.1(c) or 7.5 with respect to the Pledged Securities issued by
it.  Each Grantor hereby consents to the pledge of the Pledged
Securities contemplated hereby and to each provision of this Agreement relating
to such Pledged Securities.

     

     

    
      
        
        

      

      
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    SECTION
7.                                REMEDIAL
PROVISIONS

     

    7.1 Investment
Property.  (a)  Unless an Event of
Default shall have occurred and be continuing and the Trustee shall have given
written notice to the relevant Grantor of the Trustee’s intent to exercise its
corresponding rights pursuant to Section 7.1(b), each Grantor shall be
permitted to receive all cash dividends paid in respect of the Pledged Stock and
all payments made in respect of the Pledged Notes, to the extent not prohibited
by the Indenture, and to exercise all voting and organizational rights with
respect to the Pledged Securities; provided, however, that no vote
shall be cast or right exercised or other action taken which, in the Trustee’s
reasonable judgment, would impair the Collateral or which would be inconsistent
with or result in any violation of any provision of the Indenture, this
Agreement or any other Indenture Document.

     

    (b) If an
Event of Default shall occur and be continuing and the Trustee shall give
written notice of its intent to exercise such rights to the relevant Grantor or
Grantors, subject to Section 7.10, (i) the Trustee shall have the
right to receive any and all cash dividends, payments or other Proceeds paid in
respect of the Pledged Securities and make application thereof to the
Obligations in such order as the Trustee may determine, and (ii) any or all of
the Pledged Securities shall be registered in the name of the Trustee or its
nominee or the Second Lien Representative, and the Trustee or its nominee or the
Second Lien Representative may thereafter exercise (x) all voting,
organizational and other rights pertaining to such Pledged Securities at any
meeting of shareholders of the relevant Issuer or Issuers or otherwise and
(y) any and all rights of conversion, exchange and subscription and any
other rights, privileges or options pertaining to such Pledged Securities as if
it were the absolute owner thereof (including the right to exchange at its
discretion any and all of the Pledged Securities upon the merger, consolidation,
reorganization, recapitalization or other fundamental change in the
organizational structure of any Issuer, or upon the exercise by any Grantor or
the Trustee of any right, privilege or option pertaining to such Pledged
Securities, and in connection therewith, the right to deposit and deliver any
and all of the Pledged Securities with any committee, depositary, transfer
agent, registrar or other designated agency upon such terms and conditions as
the Trustee may determine), all without liability except to account for property
actually received by it, but the Trustee shall have no duty to any Grantor to
exercise any such right, privilege or option and shall not be responsible for
any failure to do so or delay in so doing.

     

    (c) Each Grantor hereby authorizes and instructs each
Issuer of any Pledged Securities pledged by such Grantor hereunder to (i) comply
with any instruction received by it from the Trustee in writing that (x) states
that an Event of Default has occurred and is continuing and (y) is otherwise in
accordance with the terms of this Agreement, without any other or further
instructions from such Grantor, and each Grantor agrees that each Issuer shall
be fully protected in so complying, and (ii) unless otherwise expressly
permitted hereby, pay any dividends or other payments with respect to the
Pledged Securities directly to the Trustee.

     

    7.2 Proceeds To Be Turned Over
to Trustee.  Subject to Section 7.10, in
addition to the rights of the Trustee and the Holders specified in
Section 7.7 with respect to payments of Pledged Receivables, if an Event of
Default shall occur and be continuing, following written notice from the
Trustee, all Proceeds received by any Grantor consisting of 

     

    
      
        
        

      

      
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      cash,
checks and other near-cash items shall be held by such Grantor in trust for the
Trustee and the Holders, segregated from other funds of such Grantor, and shall,
forthwith upon receipt by such Grantor, be turned over to the Trustee in the
exact form received by such Grantor (duly indorsed by such Grantor to the
Trustee, if required).  All Proceeds received by the Trustee hereunder
shall be held by the Trustee in a Collateral Account maintained under its sole
dominion and control.  Subject to Section 7.10, all Proceeds
while held by the Trustee in a Collateral Account (or by such Grantor in trust
for the Trustee and the Holders) shall continue to be held as collateral
security for all the Obligations and shall not constitute payment thereof until
applied as provided in Section 7.3.

    

     

    7.3 Application of
Proceeds.  At such intervals as may be agreed upon
by the Company and the Trustee, or, if an Event of Default shall have occurred
and be continuing, at any time at the Trustee’s election, the Trustee, subject
to Section 7.10, may apply all or any part of Proceeds constituting
Collateral, whether or not held in any Collateral Account in payment of the
Obligations in the order set forth in the Indenture, and any part of such funds
which the Trustee elects not so to apply and deems not required as collateral
security for the Obligations shall be paid over from time to time by the Trustee
to the Company or to whomsoever may be lawfully entitled to receive the
same.  Any balance of such Proceeds remaining after the Obligations
shall have been paid in full, shall be paid over to the Company or to whomsoever
may be lawfully entitled to receive the same.

     

    7.4 Code and Other
Remedies.  If an Event of Default shall occur and be
continuing, the Trustee, on behalf of the Holders, may exercise, in addition to
all other rights and remedies granted to them in this Agreement and in any other
instrument or agreement securing, evidencing or relating to the Obligations, all
rights and remedies of a secured party under the Applicable UCC or any other
applicable law.  Without limiting the generality of the foregoing, the
Trustee, without demand of performance or other demand, presentment, protest,
advertisement or notice of any kind (except any notice required by law referred
to below) to or upon any Grantor or any other Person (all and each of which
demands, defenses, advertisements and notices are hereby waived), may in such
circumstances forthwith collect, receive, appropriate and realize upon the
Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give
option or options to purchase, or otherwise dispose of and deliver the
Collateral or any part thereof (or contract to do any of the foregoing), in one
or more parcels at public, or, to the extent permitted by law, private sale or
sales, at any exchange, broker’s board or office of the Trustee or any Holder or
elsewhere upon such terms and conditions as it may deem advisable and at such
prices as it may deem best, for cash or on credit or for future delivery without
assumption of any credit risk.  The Trustee or any Holder shall have
the right upon any such public sale or sales, and, to the extent permitted by
law, upon any such private sale or sales, to purchase the whole or any part of
the Collateral so sold, free of any right or equity of redemption in any
Grantor, which right or equity is hereby waived and released.  Each
Grantor further agrees, at the Trustee’s request, to assemble the Collateral and
make it available to the Trustee at places which the Trustee shall reasonably
select, whether at such Grantor’s premises or elsewhere.  The Trustee
shall apply the net proceeds of any action taken by it pursuant to this
Section 7.4, after deducting all reasonable costs and expenses of every
kind incurred in connection therewith or incidental to the care or safekeeping
of any of the Collateral or in any way relating to the Collateral or the rights
of the Trustee and the Holders hereunder, including 

     

    
      
        
        

      

      
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      reasonable
attorneys’ fees and disbursements, to the payment in whole or in part of the
Obligations, in such order as the Trustee may elect, and only after such
application and after the payment by the Trustee of any other amount required by
any provision of law, including Section 9-615(a)(3) of the Applicable UCC,
need the Trustee account for the surplus, if any, to any Grantor.  To
the extent permitted by applicable law, each Grantor waives all claims, damages
and demands it may acquire against the Trustee or any Holder arising out of the
exercise by them of any rights hereunder.  If any notice of a proposed
sale or other disposition of Collateral shall be required by law, such notice
shall be deemed reasonable and proper if given at least 10 days before such sale
or other disposition.

    

     

    7.5 Registration
Rights.  (a)  If
the Trustee shall determine to exercise its right to sell any or all of the
Pledged Stock pursuant to Section 7.4, and if in the opinion of the Trustee
it is necessary or advisable to have the Pledged Stock, or that portion thereof
to be sold, registered under the provisions of the Securities Act, the relevant
Grantor will cause the Issuer thereof to (i) execute and deliver, and cause the
directors and officers of such Issuer to execute and deliver, all such
instruments and documents, and do or cause to be done all such other acts as may
be, in the opinion of the Trustee, necessary or advisable to register the
Pledged Stock, or that portion thereof to be sold, under the provisions of the
Securities Act, (ii) use its reasonable best efforts to cause the registration
statement relating thereto to become effective and to remain effective for a
period of one year from the date of the first public offering of the Pledged
Stock, or that portion thereof to be sold and (iii) make all amendments thereto
and/or to the related prospectus which, in the opinion of the Trustee, are
necessary or advisable, all in conformity with the requirements of the
Securities Act and the rules and regulations of the Securities and Exchange
Commission applicable thereto.  Each Grantor agrees to cause such
Issuer to comply with the provisions of the securities or “Blue Sky” laws of any
and all jurisdictions which the Trustee shall designate and to make available to
its security holders, as soon as practicable, an earnings statement (which need
not be audited) which will satisfy the provisions of Section 11(a) of the
Securities Act.

     

    (b) Each
Grantor recognizes that the Trustee may be unable to effect a public sale of any
or all the Pledged Stock, by reason of certain prohibitions contained in the
Securities Act and applicable state securities laws or otherwise, and may by
reason of such prohibitions be compelled to resort to one or more private sales
thereof to a restricted group of purchasers which will be obliged to agree,
among other things, to acquire such securities for their own account for
investment and not with a view to the distribution or resale
thereof.  Each Grantor acknowledges and agrees that any such private
sale may result in prices and other terms less favorable than if such sale were
a public sale and, notwithstanding such circumstances, to the extent permitted
by law, agrees that any such private sale shall be deemed to have been made in a
commercially reasonable manner.  The Trustee shall be under no
obligation to delay a sale of any of the Pledged Stock for the period of time
necessary to permit the Issuer thereof to register such securities for public
sale under the Securities Act, or under applicable state securities laws, even
if such Issuer would agree to do so.

     

    (c) Each Grantor agrees to use its reasonable best
efforts to do or cause to be done all such other acts as may be necessary to
make such sale or sales of all or any portion of the Pledged Stock pursuant to
this Section 7.5 valid and binding and in compliance with any and

     

    
      
        
        

      

      
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      all other
applicable Requirements of Law.  Each Grantor further agrees that a
breach of any of the covenants contained in this Section 7.5 will cause
irreparable injury to the Trustee and the Holders, that the Trustee and the
Holders have no adequate remedy at law in respect of such breach and, as a
consequence, to the extent permitted by law, that each and every covenant
contained in this Section 7.5 shall be specifically enforceable against
such Grantor, and such Grantor hereby waives and agrees not to assert any
defenses against an action for specific performance of such covenants except for
a defense that no Event of Default has occurred under the
Indenture.

    

     

    7.6 Deficiency.  Each
Grantor shall remain liable for any deficiency if the proceeds of any sale or
other disposition of the Collateral are insufficient to pay its Obligations and
the fees and disbursements of any attorneys employed by the Trustee or any
Holder to collect such deficiency.  For the avoidance of doubt (and
without prejudice to the obligations, if any, of CCOH and the Subsidiary
Grantors pursuant to the Note Guarantees), nothing in this Agreement shall be
deemed to create any recourse against CCOH or any of the Subsidiary Grantors for
any of the Obligations except to the extent of the Collateral.

     

    7.7 Certain Matters Relating to
Pledged Receivables.  The
Trustee hereby authorizes each Grantor pledging Receivables hereunder to collect
such Grantor’s Pledged Receivables, provided that the
Trustee may curtail or terminate said authority at any time after the occurrence
and during the continuance of an Event of Default.  If required by the
Trustee at any time after the occurrence and during the continuance of an Event
of Default, after written notice from the Trustee, any payments of Pledged
Receivables, when collected by any Grantor, (i) shall be forthwith (and, in any
event, within two Business Days) deposited by such Grantor in the exact form
received, duly indorsed by such Grantor to the Trustee if required, in a
Collateral Account maintained under the sole dominion and control of the
Trustee, subject to withdrawal by the Trustee for the account of the Holders
only as provided in Section 7.3, and (ii) until so turned over, shall be
held by such Grantor in trust for the Trustee and the Holders, segregated from
other funds of such Grantor.  Each such deposit of Proceeds of Pledged
Receivables shall be accompanied by a report identifying in reasonable detail
the nature and source of the payments included in the deposit.

     

    7.8 Communications with
Obligors; Grantors Remain Liable.  (a)  The
Trustee in its own name or in the name of others may at any time after the
occurrence and during the continuance of an Event of Default communicate with
obligors under the Pledged Receivables to verify with them to the Trustee’s
satisfaction the existence, amount and terms of any Receivables.

     

    (b) Upon the
written request of the Trustee at any time after the occurrence and during the
continuance of an Event of Default, each Grantor shall notify obligors on the
Pledged Receivables that the Pledged Receivables have been assigned to the
Trustee for the ratable benefit of the Holders and that payments in respect
thereof shall be made directly to the Trustee.

     

    (c) Anything
herein to the contrary notwithstanding, each Grantor pledging Receivables shall
remain liable under each of the Pledged Receivables to observe and perform all

     

    
      
        
        

      

      
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      the
conditions and obligations to be observed and performed by it thereunder, all in
accordance with the terms of any agreement giving rise
thereto.  Neither the Trustee nor any Holder shall have any obligation
or liability under any Receivable (or any agreement giving rise thereto) by
reason of or arising out of this Agreement or the receipt by the Trustee or any
Holder of any payment relating thereto, nor shall the Trustee or any Holder be
obligated in any manner to perform any of the obligations of any Grantor under
or pursuant to any Receivable (or any agreement giving rise thereto), to make
any payment, to make any inquiry as to the nature or the sufficiency of any
payment received by it or as to the sufficiency of any performance by any party
thereunder, to present or file any claim, to take any action to enforce any
performance or to collect the payment of any amounts which may have been
assigned to it or to which it may be entitled at any time or
times.

    

     

    7.9 Silo Credit Agreements,
etc.  After
the occurrence and during the continuance of an Event of Default, the Trustee
may exercise any and all rights and remedies of the Company pursuant to any Silo
Credit Agreement or Silo Guarantee and Collateral Agreement upon written notice
to the relevant borrower under the relevant Silo Credit Agreement.

     

    7.10 Permitted Payments,
etc. Notwithstanding
anything to the contrary in this Agreement, regardless of whether a Default then
exists, any Grantor shall be permitted to make, pay, obtain, retain and/or
distribute dividends, distributions, payments or Proceeds (i) permitted to
be made under clause (2) of the second paragraph of Section 4.07 of the
Indenture or (ii) which are, under clause (8) of the definition of
“Permitted Investments” in the Indenture, a Permitted Investment.

     

     

    SECTION
8.                                THE
TRUSTEE

     

    8.1 Trustee’s Appointment as
Attorney-in-Fact, etc.(a)  Each
Grantor hereby irrevocably constitutes and appoints the Trustee and any officer
or agent thereof, with full power of substitution, as its true and lawful
attorney-in-fact with full irrevocable power and authority in the place and
stead of such Grantor and in the name of such Grantor or in its own name, for
the purpose of carrying out the terms of this Agreement, to take any and all
appropriate action and to execute any and all documents and instruments which
may be necessary or desirable to accomplish the purposes of this Agreement, and,
without limiting the generality of the foregoing, each Grantor hereby gives the
Trustee the power and right, on behalf of such Grantor, without notice to or
assent by such Grantor, to do any or all of the following:

     

    (i) in the
name of such Grantor or its own name, or otherwise, take possession of and
indorse and collect any checks, drafts, notes, acceptances or other instruments
for the payment of moneys due under any Pledged Receivable or with respect to
any other Collateral and file any claim or take any other action or proceeding
in any court of law or equity or otherwise deemed appropriate by the Trustee for
the purpose of collecting any and all such moneys due under any Pledged
Receivable or with respect to any other Collateral whenever
payable;

     

    (ii) in the
case of any Intellectual Property, execute and deliver, and have recorded, any
and all agreements, instruments, documents and papers as the
Trustee may

     

    
      
        
        

      

      
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      request
to evidence the Trustee’s and the Holders’ security interest in such
Intellectual Property and the goodwill and general intangibles of such Grantor
relating thereto or represented thereby;

    

     

    (iii) pay or
discharge taxes and Liens levied or placed on or threatened against the
Collateral, effect any repairs or any insurance called for by the terms of this
Agreement and pay all or any part of the premiums therefor and the costs
thereof;

     

    (iv) execute,
in connection with any sale provided for in Section 7.4 or 7.5, any
indorsements, assignments or other instruments of conveyance or transfer with
respect to the Collateral;

     

    (v) (1) direct
any party liable for any payment under any of the Collateral to make payment of
any and all moneys due or to become due thereunder directly to the Trustee or as
the Trustee shall direct; (2) ask or demand for, collect, and receive
payment of and receipt for, any and all moneys, claims and other amounts due or
to become due at any time in respect of or arising out of any Collateral;
(3) sign and indorse any invoices, freight or express bills, bills of
lading, storage or warehouse receipts, drafts against debtors, assignments,
verifications, notices and other documents in connection with any of the
Collateral; (4) commence and prosecute any suits, actions or proceedings at
law or in equity in any court of competent jurisdiction to collect the
Collateral or any portion thereof and to enforce any other right in respect of
any Collateral; (5) defend any suit, action or proceeding brought against
such Grantor with respect to any Collateral; (6) settle, compromise or adjust
any such suit, action or proceeding and, in connection therewith, give such
discharges or releases as the Trustee may deem appropriate; (7) assign any
Patent or Trademark (along with the goodwill of the business to which any such
Patent or Trademark pertains), throughout the world for such term or terms, on
such conditions, and in such manner, as the Trustee shall in its sole discretion
determine; and (8) generally, sell, transfer, pledge and make any agreement with
respect to or otherwise deal with any of the Collateral as fully and completely
as though the Trustee were the absolute owner thereof for all purposes, and do,
at the Trustee’s option and such Grantor’s expense, at any time, or from time to
time, all acts and things which the Trustee deems necessary to protect, preserve
or realize upon the Collateral and the Trustee’s and the Holders’ security
interests therein and to effect the intent of this Agreement, all as fully and
effectively as such Grantor might do; and

     

    (vi) exercise
any of the Trustee’s rights pursuant to Section 7.9.

     

    Anything
in this Section 8.1(a) to the contrary notwithstanding, the Trustee agrees
that it will not exercise any rights under the power of attorney provided for in
this Section 8.1(a) unless an Event of Default shall have occurred and be
continuing and the Trustee shall have given written notice of its intent to
exercise its rights under this Section 8.1(a).

     

    (b) If any
Grantor fails to perform or comply with any of its agreements contained herein,
the Trustee, at its option, after prior notice to such Grantor, but without any

     

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

       

      obligation
so to do, may perform or comply, or otherwise cause performance or compliance,
with such agreement.

    

     

    (c) The
expenses of the Trustee incurred in connection with actions undertaken as
provided in this Section 8.1, together with interest thereon at a rate per
annum equal to the highest rate per annum at which interest would then be
payable on the Notes, from the date of payment by the Trustee to the date
reimbursed by the relevant Grantor, shall be payable by such Grantor to the
Trustee on demand.

     

    (d) Each
Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be
done by virtue hereof.  All powers, authorizations and agencies
contained in this Agreement are coupled with an interest and are irrevocable
until this Agreement is terminated and the security interests created hereby are
released.

     

    8.2 Duty of
Trustee.  The
Trustee’s sole duty with respect to the custody, safekeeping and physical
preservation of the Collateral in its possession, under Section 9-207 of
the Applicable UCC or otherwise, shall be to deal with it in the same manner as
the Trustee deals with similar property for its own account.  Neither
the Trustee, any Holder nor any of their respective officers, directors,
employees or agents shall be liable for failure to demand, collect or realize
upon any of the Collateral or for any delay in doing so or shall be under any
obligation to sell or otherwise dispose of any Collateral upon the request of
any Grantor or any other Person or to take any other action whatsoever with
regard to the Collateral or any part thereof.  The powers conferred on
the Trustee and the Holders hereunder are solely to protect the Trustee’s and
the Holders’ interests in the Collateral and shall not impose any duty upon the
Trustee or any Holder to exercise any such powers.  The Trustee and
the Holders shall be accountable only for amounts that they actually receive as
a result of the exercise of such powers, and neither they nor any of their
officers, directors, employees or agents shall be responsible to any Grantor for
any act or failure to act hereunder, except for their own gross negligence or
willful misconduct.

     

    8.3 Financing
Statements.  Pursuant
to any applicable law, each Grantor authorizes the Trustee to file or record
financing statements and other filing or recording documents or instruments with
respect to the Collateral without the signature of such Grantor in such form and
in such offices as the Trustee determines appropriate to perfect the security
interests of the Trustee under this Agreement.  A photographic or
other reproduction of this Agreement shall be sufficient as a financing
statement or other filing or recording document or instrument for filing or
recording in any jurisdiction.  Each Grantor, authorizes the Trustee
to use the collateral description “all personal property” in any such financing
statements.

     

    8.4 Authority of
Trustee.  Each
Grantor acknowledges that the rights and responsibilities of the Trustee under
this Agreement with respect to any action taken by the Trustee or the exercise
or non-exercise by the Trustee of any option, voting right, request, judgment or
other right or remedy provided for herein or resulting or arising out of this
Agreement shall, as between the Trustee and the Holders, be governed by the
Indenture and by such other agreements with respect thereto as may exist from
time to time among them, but, as between the Trustee and each Grantor, the
Trustee shall be conclusively presumed to be acting as 

     

    
      
        
        

      

      
        -18-

        
          

        

      

       

      agent for
the Holders with full and valid authority so to act or refrain from acting, and
no Grantor shall be under any obligation, or entitlement, to make any inquiry
respecting such authority.

    

     

     

    SECTION
9.                                MISCELLANEOUS

     

    9.1 Amendments in
Writing.  None
of the terms or provisions of this Agreement may be waived, amended,
supplemented or otherwise modified except in accordance with Article 9 of the
Indenture.

     

    9.2 Notices.  All
notices, requests and demands to or upon the Trustee or any Grantor hereunder
shall be effected in the manner provided for in Section 12.02 of the
Indenture.

     

    9.3 No Waiver by Course of
Conduct; Cumulative Remedies.  Neither
the Trustee nor any Holder shall by any act (except by a written instrument
pursuant to Section 9.1), delay, indulgence, omission or otherwise be
deemed to have waived any right or remedy hereunder or to have acquiesced in any
Default or Event of Default.  No failure to exercise, nor any delay in
exercising, on the part of the Trustee or any Holder, any right, power or
privilege hereunder shall operate as a waiver thereof.  No single or
partial exercise of any right, power or privilege hereunder shall preclude any
other or further exercise thereof or the exercise of any other right, power or
privilege.  A waiver by the Trustee or any Holder of any right or
remedy hereunder on any one occasion shall not be construed as a bar to any
right or remedy which the Trustee or such Holder would otherwise have on any
future occasion.  The rights and remedies herein provided are
cumulative, may be exercised singly or concurrently and are not exclusive of any
other rights or remedies provided by law.

     

    9.4 Enforcement Expenses;
Indemnification.  (a)
Each Grantor agrees to pay or reimburse each Holder and the Trustee for all its
costs and expenses incurred in enforcing or preserving any rights under this
Agreement and the other Indenture Documents to which such Grantor is a party,
including the fees and disbursements of one firm of counsel (together with any
special and local counsel) to the Trustee.

     

    (b) Each
Grantor agrees to pay, and to save the Trustee and the Holders harmless from,
any and all liabilities with respect to, or resulting from any delay in paying,
any and all stamp, excise, sales or other taxes which may be payable or
determined to be payable with respect to any of the Collateral.

     

    (c) Each
Grantor agrees to pay, and to save the Trustee and the Holders harmless from,
any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever with respect to the execution, delivery, enforcement, performance and
administration of this Agreement to the extent the Company would be required to
do so pursuant to Section 7.07 of the Indenture.

     

    (d) The
agreements in this Section 9.4 shall survive repayment of the Obligations
and all other amounts payable under the Indenture and the other Indenture
Documents.

     

    
      
        
        

      

      
        -19-

        
          

        

      

      
        
        

      

    

     

    9.5 Successors and
Assigns.  This
Agreement shall be binding upon the successors and assigns of each Grantor and
shall inure to the benefit of the Trustee and the Holders and their successors
and assigns; provided that no
Grantor may assign, transfer or delegate any of its rights or obligations under
this Agreement without the prior written consent of the Trustee.

     

    9.6 Counterparts.  This
Agreement may be executed by one or more of the parties to this Agreement on any
number of separate counterparts and all of said counterparts taken together
shall be deemed to constitute one and the same instrument.  Delivery
of an executed signature page of this Agreement by facsimile transmission shall
be effective as delivery of a manually executed counterpart hereof.

     

    9.7 Severability.  Any
provision of this Agreement which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

     

    9.8 Governmental
Approvals.  (a)  Notwithstanding
anything herein to the contrary, this Agreement, the other Indenture Documents
and the transactions contemplated hereby and thereby, prior to the exercise of
any rights and remedies provided in this Agreement or the other Indenture
Documents, including voting the Pledged Securities or a foreclosure of the
security interest granted under this Agreement, except to the extent not
prohibited by applicable Requirements of Law, (i) do not and will not
constitute, create, or have the effect of constituting or creating, directly or
indirectly, actual or practical ownership of the Company or any Subsidiary of
the Company by the Trustee or the Holders, or control, affirmative or negative,
direct or indirect, by the Trustee or the Holders over the management or any
other aspect of the operation of the Company or any Subsidiary of the Company,
which ownership and control remains exclusively and at all times in the Company
and such Subsidiary, and (ii) do not and will not constitute the transfer,
assignment, or disposition in any manner, voluntarily or involuntarily, directly
or indirectly, of any License at any time issued to the Company or any
Subsidiary of the Company, or the transfer of control of the Company or any
Subsidiary of the Company, including within the meaning of Section 310(d)
of the Communications Act of 1934, as amended.

     

    (b) Notwithstanding
any other provision of this Agreement, any foreclosure on, sale, transfer or
other disposition of, or the exercise of any right to vote or consent with
respect to, any of the Pledged Securities, as provided herein, or any other
action taken or proposed to be taken by the Trustee hereunder which would affect
the operational, voting or other control of the Company or any Subsidiary of the
Company, shall be in accordance with applicable Requirements of
Law.

     

    (c) Notwithstanding
anything to the contrary contained in this Agreement or in any other Indenture
Document, the Trustee shall not, without first obtaining the approval of the FCC
or any other applicable Governmental Authority, take any action pursuant to this
Agreement which would constitute or result in, or be deemed to constitute or
result in, any

     

    
      
        
        

      

      
        -20-

        
          

        

      

      
        
        

      

       

      assignment
of a License, including any CATV Franchise of the Company or any Subsidiary of
the Company, or any change of control of the Company or any Subsidiary of the
Company, if such assignment or change in control would require, under then
existing Requirements of Law (including the written rules and regulations
promulgated by the FCC), the prior approval of the FCC or such other
Governmental Authority.

    

     

    (d) If
counsel to the Trustee reasonably determines that the consent of the FCC or any
other Governmental Authority is required in connection with any of the actions
which may be taken by the Trustee in the exercise of its rights under this
Agreement or any of the other Indenture Documents, then the Company, at its sole
cost and expense, shall use its reasonable best efforts to secure such consent
and to cooperate fully with the Trustee in any action commenced by the Trustee
to secure such consent.  Upon the exercise by the Trustee of any
power, right, privilege or remedy pursuant to this Agreement which requires any
consent, approval, recording, qualification or authorization of the FCC or any
other Governmental Authority or instrumentality, the Company will promptly
prepare, execute, deliver and file, or will promptly cause the preparation,
execution, delivery and filing of, all applications, certificates, instruments
and other documents and papers that the Trustee reasonably deems necessary or
advisable to obtain such governmental consent, approval, recording,
qualification or authorization including the assignor’s or transferor’s portion
of any application or applications for consent to the assignment of license
necessary or appropriate under the rules and regulations of the FCC or any other
Governmental Authority for approval of any sale, transfer or assignment to the
Trustee or any other Person of the Pledged Securities.  Subject to the
provisions of applicable law, if the Company fails or refuses to execute, or
fails or refuses to cause another Person to execute, such documents, the
Trustee, as attorney-in-fact for the Company appointed pursuant to
Section 8.1, or the clerk of any court of competent jurisdiction, may
execute and file the same on behalf of the Company.  In addition to
the foregoing, during the continuance of an Event of Default, the Company agrees
to take, or cause to be taken, any action which the Trustee may reasonably
request in order to obtain and enjoy the full rights and benefits granted to the
Holders or the Trustee by this Agreement and any other instruments or agreements
executed pursuant hereto, including at the Company’s cost and expense, the
exercise of the Company’s best efforts to cooperate in obtaining FCC or other
governmental approval of any action or transaction contemplated by this
Agreement or any other instrument or agreement executed pursuant hereto which is
then required by law.

     

    (e) The
Company recognizes that the authorizations, permits and licenses held by the
Company or any of its Subsidiaries are unique assets which may have to be
assigned or transferred in order for the Holders to realize the value of the
security interests granted to the Trustee.  The Company further
recognizes that a violation of this covenant would result in irreparable harm to
the Trustee and the Holders for which monetary damages are not readily
ascertainable.  Therefore, in addition to any other remedy which may
be available to the Trustee and Holders at law or in equity, to the extent
permitted by law, the Trustee and the Holders shall have the remedy of specific
performance of the provisions of this Section 9.8(e).  To enforce
the provisions of this Section 9.8, the Trustee is authorized to request
the consent or approval of the FCC or other Governmental Authority to a
voluntary or an involuntary assignment or transfer of control of any
authorization, permit or license.  In connection with the exercise of
its remedies under this Agreement or under any of the other Indenture Documents,
the Trustee may obtain the 

     

    
      
        
        

      

      
        -21-

        
          

        

      

      
        
        

      

       

      appointment
of a trustee or receiver to assume, upon receipt of all necessary judicial, FCC
or other Governmental Authority consents or approvals, the control of any
Person, subject to compliance with applicable Requirements of
Law.  Such trustee or receiver shall have all rights and powers
provided to it by law or by court order or provided to the Trustee under this
Agreement.

    

     

    9.9 Section Headings.  The
Section headings used in this Agreement are for convenience of reference
only and are not to affect the construction hereof or be taken into
consideration in the interpretation hereof.

     

    9.10 Integration.  This
Agreement and the other Indenture Documents represent the agreement of each
Grantor, the Trustee and the Holders with respect to the subject matter hereof
and thereof, and there are no promises, undertakings, representations or
warranties by the Trustee or any Holder relative to subject matter hereof and
thereof not expressly set forth or referred to herein or in the other Indenture
Documents.

     

    9.11 GOVERNING
LAW.  THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF DELAWARE.  IF FOR ANY REASON THE CHOICE
OF GOVERNING LAW OF THE STATE OF DELAWARE AS PROVIDED IN THE PRECEDING SENTENCE
IS UNENFORCEABLE OR INVALID, ALL PROVISIONS OF THIS AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK AND “APPLICABLE UCC” SHALL BE DEEMED TO REFER TO THE UNIFORM COMMERCIAL
CODE AS FROM TIME TO TIME IN EFFECT IN THE STATE OF NEW YORK.

     

    9.12 Submission to Jurisdiction;
Waivers.  Each
Grantor hereby irrevocably and unconditionally:

     

    (a) submits
for itself and its property in any legal action or proceeding relating to this
Agreement and the other Indenture Documents to which it is a party, or for
recognition and enforcement of any judgment in respect thereof, to the
non-exclusive general jurisdiction of the courts of the State of New York and
Delaware, the courts of the United States of America for the Southern
District of New York and the District of Delaware, and appellate courts from any
thereof;

     

    (b) consents
that any such action or proceeding may be brought in such courts and waives any
objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;

     

    (c) agrees
that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially
similar form of mail), postage prepaid, to such Grantor at its address referred
to in Section 9.2 or at such other address of which the Trustee shall have
been notified pursuant thereto;

     

    
      
        
        

      

      
        -22-

        
          

        

      

      
        
        

      

    

     

    (d) agrees
that nothing herein shall affect the right to effect service of process in any
other manner permitted by law or shall limit the right to sue in any other
jurisdiction; and

     

    (e) waives,
to the maximum extent not prohibited by law, any right it may have to claim or
recover in any legal action or proceeding referred to in this Section any
special, exemplary, punitive or consequential damages.

     

    9.13 Acknowledgments.  Each
Grantor hereby acknowledges that:

     

    (a) it has
been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Indenture Documents to which it is a party;

     

    (b) neither
the Trustee nor any Holder has any fiduciary relationship with or duty to any
Grantor arising out of or in connection with this Agreement or any of the other
Indenture Documents, and the relationship between the Grantors, on the one hand,
and the Trustee and Holders, on the other hand, in connection herewith or
therewith is solely that of debtor and creditor; and

     

    (c) no joint
venture is created hereby or by the other Indenture Documents or otherwise
exists by virtue of the transactions contemplated hereby among the Holders or
among the Grantors and the Holders.

     

    9.14 Additional Grantors;
Release.  (a)  Each
Subsidiary of the Company that is required to become a party to this Agreement
pursuant to Section 4.17 of the Indenture shall become a Grantor for all
purposes of this Agreement upon execution and delivery by such Subsidiary of an
Assumption Agreement in the form of Annex 1
hereto.

     

    (b) At such
time as the Notes and the other Obligations shall have been paid in full, the
Collateral shall be released from the Liens created hereby, and this Agreement
and all obligations (other than those expressly stated to survive such
termination) of the Trustee and each Grantor hereunder shall terminate, all
without delivery of any instrument or performance of any act by any party, and
all rights to the Collateral shall revert to the Grantors.  At the
request and sole expense of the Company, following any such termination, the
Trustee shall deliver to such Grantor any Collateral held by the Trustee
hereunder, and execute and deliver to such Grantor such documents as such
Grantor shall reasonably request to effect or to evidence such
termination.

     

    (c) If any of
the Collateral shall be released in accordance with Section 10.03 of the
Indenture, then the Trustee, at the request and sole expense of such Grantor,
shall execute and deliver to such Grantor all releases or other documents
reasonably necessary or desirable for the release of the Liens created hereby on
such Collateral.

     

    9.15 WAIVER OF JURY
TRIAL.  EACH GRANTOR HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING
TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM
THEREIN.

     

    
      
         

      

      
        -23-

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, each of the undersigned has caused this Collateral Agreement to
be duly executed and delivered as of the date first above written.

     

    CHARTER
COMMUNICATIONS OPERATING, LLC, as Grantor

    By: 
Charter Communications, Inc., its manager

    

    
      	
               
      

            	
              By:

            	
              /s/ Eloise
      Schmitz

            	 

    

    
      	
               
      

            	
              Name:

            	
              Eloise
      Schmitz

            

    

    
      	
               
      

            	
              Title:

            	
              Senior
      Vice President

            

    

     

    

    CHARTER
COMMUNICATIONS OPERATING, CAPITAL CORP., as Grantor

    

    
      	
               
      

            	
              By:

            	
              /s/ Eloise
      Schmitz

            	 

    

    
      	
               
      

            	
              Name:

            	
              Eloise
      Schmitz

            

    

    
      	
               
      

            	
              Title:

            	
              Senior
      Vice President

            

    

     

    

    

     

    
      	
               
      

            	
              CCO
      HOLDINGS, LLC

            

    

    
      	
               
      

            	
              AMERICAN
      CABLE ENTERTAINMENT COMPANY, LLC

            

    

    
      	
               
      

            	
              CABLE
      EQUITIES COLORADO, LLC

            

    

    
      	
               
      

            	
              CCO
      PURCHASING, LLC

            

    

    
      	
               
      

            	
              CHARTER
      ADVERTISING OF SAINT LOUIS, LLC

            

    

    
      	
               
      

            	
              CHARTER
      CABLE OPERATING COMPANY, LLC

            

    

    
      	
               
      

            	
              CHARTER
      CABLE PARTNERS, LLC

            

    

    
      	
               
      

            	
              CHARTER
      COMMUNICATIONS ENTERTAINMENT I, LLC

            

    

    
      	
               
      

            	
              CHARTER
      COMMUNICATIONS ENTERTAINMENT II,
LLC

            

    

    
      	
               
      

            	
              CHARTER
      COMMUNICATIONS ENTERTAINMENT, LLC

            

    

    
      	
               
      

            	
              CHARTER
      COMMUNICATIONS PROPERTIES LLC

            

    

    
      	
               
      

            	
              CHARTER
      COMMUNICATIONS, LLC

            

    

    
      	
               
      

            	
              CHARTER
      DISTRIBUTION, LLC

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              CHARTER
      FIBERLINK, LLC

            

    

    
      	
               
      

            	
              CHARTER
      HELICON, LLC

            

    

    
      	
               
      

            	
              CHARTER
      RMG, LLC

            

    

    
      	
               
      

            	
              HPI
      ACQUISITION CO. LLC

            

    

    
      	
               
      

            	
              INTERLINK
      COMMUNICATIONS PARTNERS, LLC

            

    

    
      	
               
      

            	
              LONG
      BEACH, LLC

            

    

    
      	
               
      

            	
              MARCUS
      CABLE ASSOCIATES, L.L.C.

            

    

    
      	
               
      

            	
              MARCUS
      CABLE OF ALABAMA, L.L.C.

            

    

    
      	
               
      

            	
              PEACHTREE
      CABLE TV, LLC

            

    

    
      	
               
      

            	
              RIFKIN
      ACQUISITION PARTNERS, LLC

            

    

    
      	
               
      

            	
              TENNESSEE,
      LLC

            

    

    
      	
               
      

            	
              VISTA
      BROADBAND COMMUNICATIONS, LLC

            

    

    
      	
               
      

            	
              CABLE
      EQUITIES OF COLORADO MANAGEMENT
CORP.

            

    

    
      	
               
      

            	
              MARCUS
      CABLE, INC.

            

    

    
      	
               
      

            	
              ROBIN
      MEDIA GROUP, INC.

            

    

    
      	
               
      

            	
              HELICON
      PARTNERS I, L.P.

            

    

    
      	
               
      

            	
              PEACHTREE
      CABLE TV, L.P.

            

    

    
      	
               
      

            	
              THE
      HELICON GROUP, L.P.

            

    

    
      	
               
      

            	
              CCO
      NR HOLDINGS, LLC

            

    

    
      	
               
      

            	
              CHARTER
      COMMUNICATIONS VENTURES, LLC

            

    

    
      	
               
      

            	
              CC
      SYSTEMS, LLC

            

    

    
      	
               
      

            	
              CC
      FIBERLINK, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK – ALABAMA, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK – ILLINOIS, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK – KENTUCKY, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK – MICHIGAN, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK –MISSOURI, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK TX-CCO, LLC

            

    

    
      	
               
      

            	
              CHARTER
      COMMUNICATIONS VII, LLC

            

    

    
      	
               
      

            	
              FALCON
      CABLE COMMUNICATIONS, LLC

            

    

    
      	
               
      

            	
              FALCON
      COMMUNITY CABLE, L.P.

            

    

    
      	
               
      

            	
              FALCON
      VIDEO COMMUNICATIONS, L.P.

            

    

    
      	
               
      

            	
              FALCON
      CABLE MEDIA, A CALIFORNIA LIMITED
PARTNERSHIP

            

    

    
      	
               
      

            	
              FALCON
      COMMUNITY VENTURES I LIMITED
PARTNERSHIP

            

    

    
      	
               
      

            	
              FALCON
      CABLE SYSTEMS COMPANY II, L.P.

            

    

    
      	
               
      

            	
              FALCON
      CABLEVISION, A CALIFORNIA LIMITED
PARTNERSHIP

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              FALCON
      TELECABLE, A CALIFORNIA LIMITED
PARTNERSHIP

            

    

    
      	
               
      

            	
              FALCON
      FIRST, INC.

            

    

    
      	
               
      

            	
              FALCON
      FIRST CABLE OF NEW YORK, INC.

            

    

    
      	
               
      

            	
              FALCON
      FIRST CABLE OF THE SOUTHEAST, INC.

            

    

    
      	
               
      

            	
              ATHENS
      CABLEVISION INC.

            

    

    
      	
               
      

            	
              DALTON
      CABLEVISION INC.

            

    

    
      	
               
      

            	
              PLATTSBURGH
      CABLEVISION INC.

            

    

    
      	
               
      

            	
              SCOTTSBORO
      TV CABLE, INC.

            

    

    
      	
               
      

            	
              AUSABLE
      CABLE TV, INC.

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK AR-CCVII, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK AZ-CCVII, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK ID-CCVII, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK NV-CCVII, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK OK-CCVII, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK OR-CCVII, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK UT-CCVII, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK WA-CCVII, LLC

            

    

    
      	
               
      

            	
              CHARTER
      COMMUNICATIONS VI, LLC

            

    

    
      	
               
      

            	
              CC
      10, LLC

            

    

    
      	
               
      

            	
              CC
      VI OPERATING COMPANY, LLC

            

    

    
      	
               
      

            	
              TIOGA
      CABLE COMPANY, INC.

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK MS-CCVI, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK CA-CCO, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK KS-CCO, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK MA-CCO, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK NC-CCO, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK NM-CCO, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK OH-CCO, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK SC-CCO, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK VA-CCO, LLC

            

    

    
      	
               
      

            	
              CHARTER
      FIBERLINK VT-CCO, LLC

            

    

    
      	
               
      

            	
              CC
      V HOLDINGS, LLC

            

    

    
      	
               
      

            	
              CC
      VIII, LLC

            

    

    
      	
               
      

            	
              CC
      VIII HOLDINGS, LLC

            

    

    
      	
               
      

            	
              CC
      VIII OPERATING, LLC

            

    

    
      	
               
      

            	
              CC
      MICHIGAN, LLC

            

    

    
      	
               
      

            	
              CHARTER
      COMMUNICATIONS V, LLC

            

    

    
      	
               
      

            	
              CHARTER
      TELEPHONE OF MINNESOTA, LLC

            

    

    
      	
               
      

            	
              HOMETOWN
      T.V., INC.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	
               
      

            	
              MIDWEST
      CABLE COMMUNICATIONS, INC.

            

    

    
      	
               
      

            	
              CHARTER
      VIDEO ELECTRONICS, INC.

            

    

    
      	
               
      

            	
              CHARTER
      COMMUNICATIONS ENTERTAINMENT I, DST

            

    

    
      	
               
      

            	
              RENAISSANCE
      MEDIA, LLC

            

    

    
      	
               
      

            	
              CC
      VIII LEASING OF WISCONSIN, LLC

            

    

    
      	
               
      

            	
              CHARTER
      CABLE LEASING OF WISCONSIN, LLC

            

    

    
      	
               
      

            	 

    

     

    
      	
               
      

            	
              By:

            	
              /s/ Eloise
      Schmitz

            	 

    

    
      	
               
      

            	
              Name:

            	
              Eloise
      Schmitz

            

    

    
      	
               
      

            	
              Title:

            	
              Senior
      Vice President

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              Accepted
      and Agreed to:

            

    

     

    

    WILMINGTON
TRUST COMPANY, as Trustee

     

     

    By:   /s/ James J.
McGinley                                                                         

    Name:
James J. McGinley

    Title:
Authorized Signer

     

    
      
        
          5-5

        

         

      

      
         

        
          

        

      

      
         

      

    

    ACKNOWLEDGMENT
AND CONSENT

     

    The
undersigned hereby acknowledges receipt of a copy of the Collateral Agreement,
dated as of March 19, 2008 (as the same may be further amended, amended and
restated, supplemented or otherwise modified from time to time, the “Agreement”), made by
the Grantors parties thereto for the benefit of Wilmington Trust Company, as
Trustee.  The undersigned agrees for the benefit of the Trustee and
the Holders as follows:

     

    1.           The
undersigned will be bound by the terms of the Agreement and will comply with
such terms insofar as such terms are applicable to the undersigned.

     

    2.           The
undersigned will notify the Trustee promptly in writing of the occurrence of any
of the events described in Section 6.5(a) of the Agreement.

     

    3.           The
terms of Sections 7.1(c) and 7.5 of the Agreement shall apply to it, mutatis mutandis, with
respect to all actions that may be required of it pursuant to
Section 7.1(c) or 7.5 of the Agreement.

     

    [NAME OF
ISSUER]

     

    By:                                                                       

    
      	
               
      

            	
              Name:

            

    

    
      	
               
      

            	
              Title:

            

    

    

    Address
for Notices:

    

    

    

     

    Fax:

    

    
      
        
          
            	 
      	
                    - 6 -

                  	 
      

          

          

        

         

      

      
         

        
          

        

      

      
         

      

    

    Annex 1
to the

     

    Collateral
Agreement

     

    ASSUMPTION
AGREEMENT, dated as of ________________, ____, made by
______________________________, a ______________ (the “Additional Grantor”),
in favor of Wilmington Trust Company, as Trustee (in such capacity, the “Trustee”), for the
holders (the “Holders”) pursuant to
the Indenture, dated as of March 19, 2008 (as amended, supplemented or otherwise
modified from time to time, the “Indenture”), among
Charter Communications Operating, LLC (the “Company”), Charter
Communications Operating Capital Corp. (“Capital Corp.”), the
guarantors party thereto and Wilmington Trust Company, as
Trustee.  All capitalized terms not defined herein shall have the
meaning ascribed to them in such Indenture.

     

    W I T N E S S E T H :

     

    WHEREAS,
the Company and Capital Corp. have issued 10 7/8 % Senior
Second Lien Notes due 2014 and may hereafter issue Additional
Notes.

     

    WHEREAS,
in connection with the Indenture, the Company and the other grantors party
thereto have entered into the Collateral Agreement, dated as of March 19, 2008
(as further amended, supplemented or otherwise modified from time to time, the
“Collateral
Agreement”), in favor of the Trustee for the benefit of the
Holders;

     

    WHEREAS,
the Indenture requires the Additional Grantor to become a party to the
Collateral Agreement; and

     

    WHEREAS,
the Additional Grantor has agreed to execute and deliver this Assumption
Agreement in order to become a party to the Collateral Agreement;

     

    NOW,
THEREFORE, IT IS AGREED:

     

    By
executing and delivering this Assumption Agreement, the Additional Grantor, as
provided in Section 9.14 of the Collateral Agreement, hereby becomes a
party to the Collateral Agreement as a Grantor thereunder with the same force
and effect as if originally named therein as a Grantor and, without limiting the
generality of the foregoing, hereby expressly assumes all obligations and
liabilities of a Grantor thereunder.  The information set forth in
Annex 1-A
hereto is hereby added to the information set forth in the Schedules to the
Collateral Agreement.  The Additional Grantor hereby represents and
warrants that each of the representations and warranties contained in
Section 5 of the Collateral Agreement with respect to the Additional
Grantor is true and correct on and as the date hereof (after giving effect to
this Assumption Agreement) as if made on and as of such date.

     

    
      
        
          
            	 
      	
                    - 7 -

                  	 
      

          

          

        

         

      

      
         

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly
executed and delivered as of the date first above written.

     

     

    [ADDITIONAL
GRANTOR]

     

    By:                                                                       

    
      	
               
      

            	
              Name:

            

    

    
      	
               
      

            	
              Title:

            

    

    

    
      
        
          
            	 
      	
                    - 8 -

                  	 
      

          

          

        

         

      

      
         

        
          

        

      

      
         

      

    

    Annex 1-A
to the

     

    Assumption
Agreement

     

    Supplement to Schedule
1

     

    Supplement to Schedule
2

     

    Supplement to Schedule
3

     

    Supplement to Schedule
4exhibit10_3.htm

     

    Exhibit
10.3

    
      SEPARATION
AGREEMENT AND RELEASE

      FOR
JEFFREY T. FISHER

       

      This
Separation Agreement and Release (this “Agreement”) is entered into between
Charter Communications, Inc. (the “Company” or “Charter”) and me, Jeffrey T.
Fisher, as a condition to my receiving payments pursuant to my Employment
Agreement with Charter dated August 1, 2007 (the “Employment Agreement”) in
connection with the termination of my employment with Charter as of April 4,
2008 (the “Termination Date”).  The Company and I hereby agree as
follows:

       

      (a) Payments And Benefits
Payable Per The Employment Agreement:  Provided I am not
terminated for breach of the terms of this agreement or of my Employment
Agreement prior thereto, I shall remain employed by Charter pursuant to the
terms of my Employment Agreement through the Termination Date, I shall receive
salary at my current annual rate of $515,000 in bi-weekly installments as such
installments are normally paid to senior executives (with all salary
installments due but not paid prior to my execution of this Agreement to be paid
on the first  payday after all conditions in Section 15(g) of the
Employment Agreement are satisfied); I shall continue to receive all benefits,
without interruption, including, without limitation, health insurance; and I
shall continue to participate in all medical and child care flex spending
accounts I have previously selected, all through the Termination
Date.  In addition, in exchange for my execution and delivery of this
Agreement, specifically including the effectiveness of the release set forth in
section “b” hereof (and the failure to revoke same within seven (7) days after I
sign and deliver it), the Company will provide me with the following payments
and benefits in satisfaction of the requirements of Section 15(b) of the
Employment Agreement and any other claim I may hold against Charter or its
employees:

       

      
        	
                (i)

              	
                The
      base salary that would have been paid to me, calculated at the current
      annual rate of $515,000 per annum plus target bonus, from the date my
      employment is terminated through April 4, 2010 (the “Separation Term”);
      provided that the total of all such payments shall not exceed, in the
      aggregate, the gross amount of $1,751,000.  Subject to the
      provisions of Section 15(g) of the Employment Agreement, this amount
      (the “Separation Payment”) will be paid over the Separation Term in equal
      bi-weekly installments on the Company’s regular pay days for executives,
      commencing with the first payday after all conditions in
      Section 15(g) of the Employment Agreement are satisfied; provided
      that, in order to avoid the tax consequences of Section 409A of the
      Internal Revenue Code of 1986 (the “Code”), the first payment shall cover
      all payments scheduled to be made to me in the bi-weekly payments that
      would have been made to me for the period (the “Initial Payment Period”)
      beginning on April 5, 2008 and ending on the six (6) month anniversary of
      the date I have a separation from service for purposes of Code
      Section 409A, and the first such payment shall be delayed until the
      day after the end of the Initial Payment Period; and provided further that
      if a Change of Control (as defined within Section 1(f) of the Employment
      Agreement) occurs during the twenty-four (24) month Separation Term the
      Company shall immediately pay upon any such Change in Control all amounts
      remaining 

              

      

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          	
                   

                	
                  payable
      to me as part of the Separation Payment in the form of a lump sum
      payment;

                

        

         

      

      
        	
                (ii)

              	
                A
      lump sum payment (net after deduction of taxes and other required
      withholdings) equal to (a) twenty-four (24) times the monthly cost,
      at the time my employment is terminated, for me to receive under COBRA the
      paid coverage for health, dental and vision benefits then being provided
      for me and my family at the Company’s cost at the time my employment is
      terminated and (b) ten (10) days salary in lieu of a full thirty-day
      notice of termination per Section 14(b) of the Employment Agreement,
      This amount will be paid on the day after the last day of the Initial
      Payment Period, and will not take into account future increases in costs
      during the applicable time period;

              

      

       

      
        	
                (iii)

              	
                To
      the extent authorized and permitted by the terms of the applicable plan,
      any stock options previously awarded to me will continue to vest, any
      restricted stock previously awarded to me shall have their restrictions
      lapse and any performance shares shall continue to vest, as called for
      under such plan for the Separation Term, in accordance with the schedule
      attached hereto as Schedule
      A.  This Separation Term qualifies, in the case of a
      payment under Section 15(b) of the Employment Agreement, as the period of
      time during which I am receiving severance for purposes of
      Section 5.4 of the Charter Communications, Inc 2001 Stock Incentive
      Plan, as amended, and any applicable stock option, restricted stock
      agreement or performance unit/share agreement signed pursuant to a grant
      under such plan (and the payment specified in Section 15(b) of the
      Employment Agreement qualifies as “severance” for purposes of
      Section 5.4 of the Charter Communications, Inc. 2001 Stock Incentive
      Plan).  Notwithstanding the foregoing, no stock option shall
      remain exercisable beyond the latest date on which the term of the stock
      option could be extended without causing the stock option to be treated as
      deferred compensation subject to Section 409A of the Internal Revenue
      Code; and

              

      

       

      
        	
                (iv)

              	
                The
      full cost of up to twelve (12) months, to the extent necessary, of
      executive-level out-placement services that provides, as part of the
      outplacement services, the use of an office and secretarial support as
      near as reasonably practicable to my
residence.

              

      

       

      These
payments and benefits will be paid and/or provided as and when called for by the
Employment Agreement after all conditions to the effectiveness of this Agreement
and the releases called for by this Agreement have been
satisfied.  The right to retain the same shall be subject to
compliance with this Agreement and the terms of the Employment
Agreement.  In the event I die before all payments and amounts due to
me hereunder are paid, any remaining payments will be made to my spouse, if she
survives me and, if not, then to my estate.

       

      I
acknowledge I have received my wages per the terms of my Employment Agreement
for all time worked through and ending April 4, 2008, and I will receive a cash
payout of 12.22 hours of 

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      accrued
and unused vacation calculated as of April 4, 2008 at my rate of base salary in
effect as of April 4, 2008.

       

      Complete
Release:  I hereby understand and agree to the termination of
all offices, directorships, manager positions and other similar offices I hold
with Charter or any of its subsidiaries or related or affiliated corporations,
limited liability companies and partnerships and all employment by Charter
effective the close of business on April 4, 2008.  In consideration
for the payments I am to receive hereunder, I unconditionally and irrevocably
release, waive and give up any and all known and unknown claims, lawsuits and
causes of action, if any, that I now may have or hold against Charter, its
current and former parents, plans, subsidiaries, and related or affiliated
corporations, ventures, limited liability companies and partnerships, and their
respective current and former employees, directors, fiduciaries, administrators,
insurers, members, managers, partners, and agents and related parties, in any
way arising out of, in connection with or based upon (i) any event or fact
that has occurred prior to the date I sign this Agreement, (ii) my
employment with Charter and/or any of its subsidiaries or affiliates to date and
any event or occurrence occurring during such employment, (iii) the
termination of my employment, (iv) any breach of the Employment Agreement,
(v) any claim to payment under or from Charter’s 2005 Executive Cash Award
Plan or for salary, bonus, stock options or restricted shares other than as
specifically granted pursuant to this Agreement; or (vi) any decision,
promise, agreement, statement, policy, practice, act or conduct prior to this
date of or by any person or entity I am releasing, and from any claims,
lawsuits. I understand that this means that, subject to the limitations
described below, I am releasing Charter and such other persons and entities
from, and may not bring claims against any of them under (a) Title VII of
the Civil Rights Act of 1964 or Sections 1981 and 1983 of the Civil Rights
Act of 1866, which prohibit discrimination based on race, color, national
origin, ancestry, religion, or sex; (b) the Age Discrimination in
Employment Act, which prohibits discrimination based on age; (c) the Equal
Pay Act, which prohibits paying men and women unequal pay for equal work;
(d) the Americans with Disabilities Act and Sections 503 and 504 of
the Rehabilitation Act of 1973, which prohibit discrimination based on
disability; (e) the WARN Act, which requires that advance notice be given
of certain workforce reductions or the Missouri Human Rights Act, chapter 213,
R.S. Mo; (f) the Employee Retirement Income Security Act, which among other
things, protects employee benefits; (g) the Family and Medical Leave Act of
1993, which requires employers to provide leaves of absence under certain
circumstances; (h) the Sarbanes-Oxley Act of 2002, which, among other
things, provides Whistleblower protection; (i) any federal or state law,
regulation, decision, or executive order prohibiting discrimination or
retaliation or for breach of contract; (j) any of the laws of the State of
Missouri or any political subdivision of such State; (k) any law
prohibiting retaliation based on exercise of my rights under any law, providing
whistleblowers protection, providing workers’ compensation benefits, protecting
union activity, mandating leaves of absence, prohibiting discrimination based on
veteran status or military service, restricting an employer’s right to terminate
employees or otherwise regulating employment, enforcing express or implied
employment contracts, requiring an employer to deal with employees fairly or in
good faith, providing recourse for alleged wrongful discharge, tort, physical or
personal injury, emotional distress, fraud, negligent or other
misrepresentation, defamation, and similar or related claims, and any other law
relating to salary, commission, compensation, benefits, and other
matters.  I specifically represent and agree that I have not been
treated adversely on account of age, gender or other legally protected
classification, nor have I otherwise been treated wrongfully in connection with
my employment with the Company and/or 

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      any of
its subsidiaries or affiliates and that I have no basis for a claim under the
Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964,
or any applicable law prohibiting employment or other discrimination or
retaliation.  I acknowledge that the Company relied on the
representations and promises in this Agreement in agreeing to pay me the
benefits described in subsection (a).  I understand that I am
releasing claims for events that have occurred prior to my signing this
Agreement that I may not know about. This release does not include claims
arising after the date I sign this Agreement, any claim under a stock option
plan or award agreement, incentive stock plan, or the restricted stock award
agreement based upon my service to and ending the date my employment terminates,
any claim under a group health insurance plan in which I participate for claims
accrued as of the date my employment terminated, a breach of the provisions of
this Agreement (including but not limited to a breach of any obligation to
provide me with the payments and benefits called for by Sections 15 (b) of
the Employment Agreement, as specified in paragraph (a) above) and any
pending claims for workers compensation that have already been filed or for
on-the-job injuries that have already been reported, or any claim for
indemnification by Charter for actions taken by me within the course and scope
of my employment to the degree such actions are subject to indemnification under
Charter’s policies and practices.

       

      Charter
hereby states and acknowledges that, to the best current knowledge of its Chief
Executive Officer, Chief Operating Officer and General Counsel, Charter has no
claim against me for breach of my employment agreement or other claim of
material liability.

       

      (b) Promise Not to File
Claims:  I promise never to file, prosecute or pursue any
lawsuit based on a claim purportedly released by this Agreement, or (absent
court order) to assist others in filing or prosecuting similar claims against
Charter.  I understand and agree that nothing in this Agreement
precludes me from filing a charge of discrimination under applicable federal or
state law, although I have personally released such claims with regard to
matters and facts occurring prior to this date.  I specifically
acknowledge and agree that I am not entitled to severance or any other benefits
under the Charter Communications Special One-Time Severance Plan or other
severance plan or contract, or to any payments following termination of my
employment under or by reason of the Employment Agreement (other than the
payments and benefits called for by Sections 15(b) of the Employment
Agreement, as specified in paragraph (a) above), and that the payments and
benefits described in this Agreement are in lieu of any severance or other
benefits to which I may be entitled under such plan or any other policy,
program, plan or agreement and satisfy and are in lieu of any payments to which
I may be entitled under the Employment Agreement or any other such plan, policy,
program or arrangement, and I specifically waive any rights I may have under
that plan and any such agreement, if any.

       

      (c) Non-admission of
Liability:  This Agreement is not an admission of fault,
liability or wrongdoing by me or any released party, and should not be
interpreted or construed as such I understand that all released parties
specifically deny engaging in any liability or wrongdoing.

       

      (d) Non-Disparagement:  Neither
Charter nor I will make any statement or announcement concerning my departure
from Charter except as may be reviewed and approved by the other party in
advance provided that
both Charter and I may inform third parties that my employment will terminate or
was terminated (as the case may be) through mutual agreement on April 4,
2008.  During the balance of and subsequent to my employment with
Charter and/or any of its

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      subsidiaries
or affiliates, I agree not to criticize, denigrate, disparage, or make any
derogatory statements about the Company (including any subsidiaries, or
affiliates), its business plans, policies and practices, or about any of its
officers, employees or former officers or employees, to customers, competitors,
suppliers, employees, former employees, members of the public (including but not
limited to in any internet publication, posting, message board or weblog),
members of the media, or any other person, nor shall I take any action
reasonably expected to harm or in any way adversely affect the reputation and
goodwill of the Company.  During the balance of and subsequent to my
employment with Charter and/or any of its subsidiaries or affiliates, Charter
agrees, for itself, its directors and executive employees not to criticize,
denigrate, disparage, or make any derogatory statements about me to customers,
competitors, suppliers, employees, former employees, members of the public
(including but not limited to in any Internet publication, posting, message
board or weblog), members of the media, or any other person, nor shall Charter,
its directors, employees, or agents, take any action reasonably expected to harm
or in any way adversely affect my reputation.  Nothing in this
paragraph shall prevent anyone from giving truthful testimony or information to
law enforcement entities, administrative agencies or courts or in any other
legal proceedings as required by law, including, but not limited to, assisting
in an investigation or proceeding brought by any governmental or regulatory body
or official related to alleged violations of any law relating to fraud or any
rule or regulation of the Securities and Exchange Commission.

       

      (e) Future
Cooperation:  I agree, at no cost to myself, to make myself
reasonably available by telephone, e-mail or in person to meet and speak with
representatives of Charter regarding events, omissions or other matters
occurring during my employment with Charter of which I have personal knowledge
or involvement that give rise or may give rise to a legal claim against
Charter.  I, at no out of pocket cost to myself, also shall reasonably
cooperate with Charter in the defense of such claims, provided that, the
requirement for such cooperation with Charter shall terminate seven years from
the date of the identification of any such claim or claims.  To the
fullest extent possible, Charter shall schedule any telephone conferences or
meetings with me for places near my residence and at times outside my normal
work schedule and shall take all other reasonable measures to ensure that my
schedule is disrupted to the least extent possible.  To the fullest
extent possible, Charter will seek to avoid having me travel to locations
outside the metropolitan area within which I reside. If the Company requires me
to travel outside the metropolitan area in the United States where I then reside
to provide any testimony or otherwise provide any such assistance, then Charter
will reimburse me for any reasonable, ordinary and necessary travel and lodging
expenses incurred by me to do so, provided I submit all documentation required
under Charter’s standard travel expense reimbursement policies and as otherwise
may be required to satisfy any requirements under applicable tax laws for
Charter to deduct those expenses.  I shall respond to requests by
Charter for nominal assistance (such as occasional requests for factual
recollections) at no charge but shall be compensated for my time and assistance
providing more than nominal amounts of historical factual information or
testimony at the rate of $259 per hour; and shall be compensated for any expert
testimony, including preparation time, at the rate of $500 per hour. Nothing in this Agreement
shall be construed or interpreted as requiring me to provide any testimony,
sworn statement or declaration that is not complete and truthful.

       

      (f)  Confidential and Proprietary
Information; Covenant Not To Compete:  I reaffirm my
obligations under and agree to remain bound by and to comply with the provisions
of 

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      Sections 17,
18 and 19 of my Employment Agreement with Charter, and agree those provisions
continue to apply to me, notwithstanding the termination of my employment, the
reason for termination of employment, or any act, promise, decision, fact or
conduct occurring prior to this date.  The “Restricted Period” for
purposes of Section 19 of my Employment Agreement shall start for all
purposes on April 5, 2008 and shall end for (and solely for) the purposes of
section 19(b) of the Employment Agreement on April 4, 2010.  In
addition, I reaffirm my obligations under and agree to remain bound by and to
comply with any other agreement or policy relating to confidential information,
invention, non-solicitation, non competition, or similar matters to which I am
now subject.

       

      (g) Consideration of
Agreement:  The Company advised me to take this Agreement home,
read it, and carefully consider all of its terms before signing
it.  The Company gave me, and I understand that I have, 21 days in
which to consider this Agreement, sign it and return it to the Company. I waive
any right I might have to additional time within which to consider this
Agreement.  I understand that I may discuss this Agreement with an
attorney, at my own expense during this period I understand that I may revoke
this Agreement within 7 days after I sign it by advising the Company orally or
in writing within that seven (7) day time period of my intention to revoke this
Agreement.  I have carefully read this Agreement, I fully understand
what it means, and I am entering into it voluntarily. I am receiving valuable
consideration in exchange for my execution of this Agreement that I would not
otherwise be entitled to receive, consisting of the benefits described in
Paragraph (a) of this Agreement.  If I revoke my acceptance of
this Agreement within such 7 day time period, or if I fail to accept this
Agreement within the 21 day time period, then Charter shall have no obligations
under this Agreement, including but not limited to any obligation to pay or
provide the payments specified in this Agreement or under the Employment
Agreement

       

      (h) Return of
Property:  I will return to the Company on or prior to the
Termination Date all files, memoranda, documents, records, credit cards, keys,
equipment (other than my Blackberry cell phone and laptop computer, although I
understand that I will no longer be provided service for such equipment after my
Termination Date), badges, vehicles, Confidential Information (as defined in the
Employment Agreement) and any other property of the Company then in my
possession or control as directed by the Company provided that I hereby
represent and warrant that I have not, and agree that I will not, make any
copies of company files residing my laptop or other computers accessible to me
and shall return the laptop to the company prior to the Termination Date so that
all company files and information can be removed from its memory prior to the
Termination Date.  I also will reveal to the Company at the Company’s
request all access codes to any computer or other program or
equipment

       

      (i) Choice of
Law:  This Agreement was drafted in Missouri, and the Company’s
Corporate offices are in Missouri. Therefore, this Agreement is to be governed
by and interpreted according to the internal laws of the State of Missouri
without reference to conflicts of law principles, and this Agreement shall be
deemed to have been accepted and entered into in the State of
Missouri

       

      (j) Amendment,
Miscellaneous:  Neither this Agreement nor any of its terms may
be amended, changed, waived or added to except in a writing signed by both
parties. The Company has made no representations or promises to me to sign this
Agreement, other than those in or referred to by

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      this
Agreement. If any provision in this Agreement is found to be unenforceable, all
other provisions will remain fully enforceable

       

      Remainder
Of Page Intentionally Left Blank

       

      

       

      
        
          
          

           

        

        
          7

          
            

          

        

        
           

        

      

      This
Agreement was presented to me on March 14, 2008.  I have read it and
carefully consider all of its provisions before signing it I have had in excess
of 21 days in which to consider it, sign it and return it to Lynne Ramsey This
agreement will not become effective until it has been executed by the Company
representative named below

       

      I have
carefully read this Agreement, I fully understand what it means, and I am
entering into it voluntarily.

       

      Presented
By:

      

      

      Name: 
/s/ Lynne F.
Ramsey                                                                

      

      Date
Delivered:  March 14, 2008

      

      

      Employee:

      

      

      Signature: 
/s/ J.T.
Fisher                                                      

      Date
Signed:  5-2-08                                                      

      Printed
Name :  J. T.
Fisher                                           

      

      

      Company:

      

      

      Signature: 
/s/ Lynne F.
Ramsey                                                                

      Date
Received:  5-8-08                                                      

      Printed
Name :  Lynne F.
Ramsey                                                      

      

      

      

      Please
Return to:

      

      Lynne F.
Ramsey

      Senior
Vice President, Human Resources

      Charter
Communications

      !2405
Powerscourt Drive

      St.
Louis, MO  63131

      

      
        
          
          

        

        
          8

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