Document:

Registration Rights Agreement, May 26, 2005

 Exhibit 4.7 
  

KNOLOGY, INC. 
  
 REGISTRATION RIGHTS AGREEMENT 
  
 THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of May 26, 2005, by and among Knology, Inc., a Delaware corporation (the
“Company”) and the persons listed on the signature page(s) attached hereto (together with their successors and assigns, the “Stockholders”). 
  
 The Company and each of the Stockholders are party to that certain Series AA Preferred Purchase Agreement, dated as of May
4, 2005 (as the same may be amended from time to time, the “Purchase Agreement”), pursuant to which the Stockholders will purchase from the Company shares of the Company’s Series AA Convertible Preferred Stock, par value $0.01
per share (the “Series AA Preferred”). The Series AA Preferred will be convertible into shares of the Company’s Common Stock, par value $0.01 per share (“Common Stock”), as provided in the certificate of
designations defining the rights, preferences and privileges of the Series AA Preferred (the “Certificate of Designations”). 
  
 The Company is also party to a Stockholders Agreement, dated as of February 7, 2000, as amended as of January 12, 2001, and October 18, 2002 (as the same
may hereafter be amended from time to time, the “Stockholders Agreement”), with certain of the Company’s existing stockholders governing certain rights and obligations of the stockholders party thereto with respect to the
registration of securities of the Company under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (as the same may be amended from time to time, the “Securities Act”). 
  
 In order to induce the Stockholders to enter into the Purchase Agreement, the
Company has agreed, as a condition to each Stockholder’s obligation to consummate the transactions contemplated by the Purchase Agreement, (x) to permit each Stockholder to become party to, and entitled to the benefits of, the Stockholders
Agreement (by means of a Joinder in substantially the form attached hereto as Exhibit A) and (y) to afford to each Stockholder the additional registration rights set forth in this Agreement. Any capitalized term not defined herein shall have
the meaning given such term in the Stockholders Agreement or, if not defined therein, in the Purchase Agreement. 
  
 The parties hereto agree as follows: 
  
 1. Shelf Registration. 
  
 (a) In addition to the Company’s obligations under Section 2.01(a)(ii) of the Stockholders Agreement, if the Company is S-3 Eligible, the Company
shall use its commercially reasonable efforts to file within 60 days of the date of this Agreement a “shelf” registration statement (together with any exhibits, amendments or supplements thereto, and any documents incorporated by reference
therein, the “Shelf Registration”), with respect to the Common Stock issuable upon conversion of the Series AA Preferred acquired by the Stockholders pursuant to the Purchase Agreement (the “Registrable
Securities”). The Company 

 
shall use its commercially reasonable efforts to cause the Shelf Registration to become effective as soon as practicable after the filing thereof, but in any
event no more than 120 days after the date of this Agreement, and shall use its commercially reasonable efforts to keep the Shelf Registration continuously effective from the date such Shelf Registration first becomes effective until the later of
the date on which no shares of Series AA Preferred remain outstanding or the 180th day following any automatic
conversion of the Series AA Preferred as provided in the Certificate of Designations. The Company and each Stockholder acknowledge and agree that any Shelf Registration shall constitute a “Piggyback Registration” within the meaning of
Section 2.02 of the Stockholders Agreement, and that other holders of “Registrable Securities” within the meaning of the Stockholders Agreement (“Pre-existing Holders”) shall be entitled to notice of, and the opportunity
to include their “Registrable Securities” in, any Shelf Registration. 
  
 (b) Subject to Section 4 hereof, the Company shall supplement or amend the Shelf Registration, (i) as required by Form S-3 or by the Securities Act, (ii) to include in such Shelf Registration any additional securities
that become Registrable Securities by operation of the definition thereof, and (iii) following the written request of a holder of Registrable Securities (a “Holder”) pursuant to Section 1(c) below, to cover offers and sales of all
or a part of the Registrable Securities or other securities included therein by means of an underwriting, including the incorporation of any information required pursuant to Section 4. 
  
 (c) The Holders may, at their election and upon written notice by any Holder to the Company, effect offers and sales under
the Shelf Registration by means of one or more underwritten offerings, in which case the provisions of Section 2 regarding underwritten offerings and Section 4 shall apply to any such underwritten distribution of securities under the Shelf
Registration. 
  
 2. Demand Registrations. In addition to
the Company’s obligations under Section 2.01(a)(i) of the Stockholders Agreement, in the event that the Company ceases to be S-3 Eligible: 
  
 (a) Requests for Registration. Subject to the terms set forth herein, any Holder may request registration under the Securities Act of all or part
of their Registrable Securities on Form S-1, Form S-2 or any similar registration form (each, a “Demand Registration”). Each request for a Demand Registration shall specify the approximate number of Registrable Securities requested
to be registered. The Company and each Stockholder acknowledge and agree that any such Demand Registration shall constitute a “Piggyback Registration” within the meaning of Section 2.02 of the Stockholders Agreement, and that Pre-existing
Holders shall be entitled to notice of, and the opportunity to include their “Registrable Securities” in, such Demand Registration. As promptly as reasonably practicable after receipt of any such request, the Company shall give written
notice of such requested Demand Registration to all other Holders and, pursuant to Section 2.02 of the Stockholders Agreement, to all other Pre-existing Holders. Subject to the provisions of Section 2.02(c) of the Stockholders Agreement, the Company
shall include in such Demand Registration all securities with respect to which the Company has received written requests for inclusion therein within 10 days after the receipt of the Company’s notice. 
  

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 (b) Exceptions. Notwithstanding any provision in Section 2(a) to the contrary, the Company shall
not be obligated to effect, or take any action to effect, any such registration pursuant to this Section 2: 
  
 (x) If the Company shall have previously effected an underwritten registration with respect to Registrable Securities pursuant to Section 1(c) or 2
hereof or Section 2.02 of the Stockholders Agreement, then the Company shall not be required to effect any underwritten registration pursuant to this Section 2 until a period of 180 days shall have elapsed from the effective date of the most recent
such previous registration; 
  
 (y) If, upon receipt of a
registration request pursuant to this Section 2, the Company is advised in writing (with a copy to each holder requesting a Demand Registration) by a recognized national independent investment banking firm selected by the Company that, in such
firm’s opinion, a registration at the time and on the terms requested would adversely affect any public offering of securities of the Company by the Company (other than in connection with benefit and similar plans) (a “Company
Offering”) with respect to which the Company has commenced preparations for a registration prior to the receipt of a registration request pursuant to this Section 2, the Company shall not be required to effect a registration pursuant to
this Section 2 until the earlier of (i) 90 days after the completion of such Company Offering, (ii) promptly after any abandonment of such Company Offering or (iii) 60 days after the date of receipt of a registration request pursuant to this Section
2; or 
  
 (z) In any particular jurisdiction in which the Company
would be required to execute a general consent to service of process in effecting such registration, qualification or compliance, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities
Act. 
  
 (c) Deferral of Demand Registration. The Company
shall file a registration statement with respect to each Demand Registration requested pursuant to Section 2 as soon as reasonably practicable after receipt of demand therefor; provided, however, that if in the good faith judgment of the
Board of Directors of the Company, such registration would be seriously detrimental to the Company in that such registration would interfere with any material corporate transaction by the Company, or require disclosure of facts surrounding any
proposed or pending acquisition, disposition, strategic alliance or financing transaction or other material development involving the Company, and the Board of Directors concludes, as a result, that it is advisable to defer the filing or
effectiveness of such registration statement at such time (as evidenced by an appropriate resolution of the Board), then the Company shall have the right to defer such filing for the period during which such registration would be seriously
detrimental; provided, however, that (i) the Company may not defer the filing or effectiveness for a period of more than 180 days, (ii) the Company may not take such option to defer filing or effectiveness of such registration(s) for more
than 180 days in any 12-month period, and (iii) the Company shall not exercise its right to defer a Demand Registration more than three times. 
  
 (d) Underwriting. The Holders shall be entitled to two underwritten Demand Registrations pursuant to Sections 1(a) and 2(a). If the Holders
initiating any Demand Registration intend to distribute the Registrable Securities covered by a Demand Registration by means of an underwriting, they shall so advise the Company as part of their demand made 

  

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pursuant to Section 1(c) or 2(a), and the Company shall include such information in its written notice to other Holders and Pre-existing Holders. The
initiating Holders shall have the right to select the managing underwriter(s) for an underwritten Demand Registration, subject to the approval of the Company’s Board of Directors (which will not be unreasonably withheld or delayed). The right
of any Holder to participate in an underwritten Demand Registration shall be conditioned upon such Holder’s participation in such underwriting in accordance with the terms and conditions thereof, and the Company and such Holders will enter into
an underwriting agreement in customary form. 
  
 (e)
Priorities. If securities other than Registrable Securities are included in any Demand Registration that is an underwritten offering, and the managing underwriter for such offering advises the Company that in its opinion the amount of
securities to be included exceeds the amount of securities which can be sold in such offering without adversely affecting the marketability thereof, notwithstanding any other provision of this Section 2(e), if the managing underwriter advises the
Holders in writing that marketing factors require a limitation on the number of shares to be underwritten, the securities of the Company held by persons who are not Holders and who are not Pre-existing Holders shall be excluded from such
registration to the extent so required by such limitation. If, after the exclusion of such shares, still further reductions are required, the number of shares included in the Demand Registration by each Holder and each Pre-existing Holder shall be
reduced in the manner provided in Section 2.02(c) of the Stockholders Agreement. No Registrable Securities or any other securities excluded from the underwriting by reason of the underwriter’s marketing limitation shall be included in such
registration. 
  
 (f) Other Registration Rights. In
connection with a Demand Registration, the Company may grant rights to other stockholders to participate in the Demand Registrations so long as such rights are subordinate to the rights of the holders of the Registrable Securities. 
  
 3. Holdback Agreements. 
  
 (a) Each Stockholder, in the event the Company is issuing its Common Stock
to the public in an underwritten offering, agrees, if requested in writing by the managing underwriter or underwriters for such underwritten offering and if such underwriters obtain a similar agreement from all officers, directors and holders of
more than 5% of the Company’s outstanding Common Stock (who are not parties to this Agreement or the Stockholders Agreement), not to effect any public sale or distribution of such Registrable Securities under the Securities Act, during the
90-day period beginning on the effective date of such underwritten offering; provided, however, that no holder shall be required to refrain from transferring securities to an affiliate of such holder. 
  
 (b) Each Stockholder agrees not to effect any public sale or distribution of
its Registrable Securities under the Securities Act during the 90-day period beginning on the effective date of any underwritten Shelf Registration or Demand Registration, except as part of such Shelf Registration or Demand Registration in which
such Stockholder was permitted to register Registrable Securities and in connection therewith; provided, however, that no holder shall be required to refrain from transferring securities to any affiliate of such holder. 
  

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 4. Registration Procedures. Should the holders of the Registrable Securities exercise the rights
described in Sections 1 and 2 of this Agreement, the Company shall use its commercially reasonable efforts to effect the registration and sale of such Registrable Securities in accordance with the intended method of disposition thereof, and pursuant
thereto, the Company shall, as expeditiously as reasonably possible: 
  
 (a) prepare and file with the Commission a registration statement with respect to such Registrable Securities which shall (i) be available for the sale of the Registrable Securities in accordance with the intended method or methods of
distribution by the selling holders thereof and (ii) comply as to form in all material respects with the requirements of the applicable form and include all financial statements required by the Commission to be included therein or if permitted by
the rules and forms of the Commission, incorporate such financial statements therein by reference; 
  
 (b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection with such
registration statement (including post-effective amendments) as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement; 
  
 (c) in connection with any underwritten Shelf Registration or Demand
Registration, to the extent practicable, promptly prior to the filing of any document that is to be incorporated by reference into any registration statement or prospectus forming a part thereof subsequent to the effectiveness thereof, and in any
event no later than the date such document is filed with the Commission, provide copies of such document to the Holders, if requested, and to any underwriter, and make representatives of the Company available for discussion of such document and
other customary due diligence matters, and include in such document prior to the filing thereof such information as any Holder or any such underwriter reasonably may request; 
  
 (d) obtain appropriate qualifications of the securities covered by such registration under state securities or “blue
sky” laws in such jurisdictions as may be requested by the holders of Registrable Securities; provided, however, that the Company shall not be required to file a general consent to service of process in any jurisdiction in which it is
not otherwise subject to service in order to obtain any such qualification; 
  
 (e) furnish such number of prospectuses and other documents incident thereto, including any amendment of or supplement to the prospectus, as a Holder from time to time may reasonably request; 
  
 (f) notify each Holder of Registrable Securities covered by such registration
statement, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an
untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in the light of the circumstances then existing, and at the request of any
such Holder, prepare and furnish to such Holder a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter 

  

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delivered to the purchasers of such shares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein, in the light of the circumstances then existing, not misleading; 
  
 (g) cause all Registrable Securities covered by such registration to be listed on the Nasdaq National Market, or if the Common Stock is not then listed
thereon, on each securities exchange or inter-dealer quotation system on which similar securities issued by the Company are then listed; 
  
 (h) in connection with any underwritten Shelf Registration or Demand Registration, furnish to the Holders of Registrable Securities covered by such
registration, addressed to them, an opinion of counsel for the Company, dated the date of the closing under the underwriting agreement, if any, or the date of effectiveness of the registration statement if such registration is not an underwritten
offering, and use its reasonable best efforts to furnish to the Holders of Registrable Securities covered by such registration, addressed to them, a “cold comfort” letter signed by the independent certified public accountants who have
certified the Company’s financial statements included in such registration, covering substantially the same matters with respect to such registration (and the prospectus included therein) and, in the case of such accountants’ letter, with
respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer’s counsel and in accountants’ letters delivered to underwriters in underwritten public offerings of securities and such
other matters as such Holders may reasonably request; 
  
 (i)
otherwise comply with all applicable rules and regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least 12 months, but not more than 18
months, beginning with the first month after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act; 
  
 (j) in connection with any underwritten Shelf Registration or Demand
Registration, the Company will enter into an underwriting agreement reasonably satisfactory to the initiating Holders containing customary underwriting provisions, including indemnification and contribution provisions; and 
  
 (k) in the case of an underwritten Shelf Registration or Demand Registration,
participate in customary “roadshow” presentations in connection with such registration. 
  
 5. Expenses of Registration. 
  
 (a) For purposes of this Agreement, “Registration Expenses” shall mean all expenses incurred in effecting any registration pursuant to this
Agreement, including, without limitation, all registration, qualification and filing fees, including NASD filing fees, printing expenses, escrow fees, fees and disbursements of counsel for the Company, blue sky fees and expenses, expenses of any
regular or special audits incident to or required by any such registration, and the fees and expenses of one counsel for the selling Holders, but excluding Selling Expenses. “Selling Expenses” shall mean all underwriting discounts and
selling commissions applicable to the sale of Registrable Securities and all fees and disbursements of counsel for each of the Holders other than fees and expenses of one counsel for all the selling Holders. 
  

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 (b) All Registration Expenses incurred in connection with all Shelf Registrations and Demand
Registrations shall be borne by the Company. Selling Expenses relating to Registrable Securities included in any Shelf Registration or Demand Registration shall be borne by the participating Holders. 
  
 6. Indemnification; Contribution. 
  
 (a) The Company will indemnify each Holder, each of such Holders’
officers, directors, partners, agents, employees and representatives, each underwriter, and each person controlling such Holder or underwriter within the meaning of Section 15 of the Securities Act, with respect to each registration, qualification
or compliance effected pursuant to this Agreement, against all expenses, claims, losses, damages and liabilities (or actions, proceedings or settlements in respect thereof) arising out of or based on any untrue statement (or alleged untrue
statement) of a material fact contained in any prospectus, offering circular or any other document (including any related registration statement, notification or the like) incident to any such registration, qualification or compliance, or based on
any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse each such indemnified person for any legal and any other expenses
reasonably incurred in connection with investigating and defending or settling any such claim, loss, damage, liability or action; provided, however, that the Company will not be liable in any such case to the extent that any such claim, loss,
damage, liability or expense arises out of or is based on any untrue statement or omission based upon written information furnished to the Company by such Holder or such underwriter and stated to be specifically for use therein. It is agreed that
the indemnity agreement contained in this Section 6(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent has not been
unreasonably withheld or delayed). 
  
 (b) Each Holder of
Registrable Securities included in any registration effected pursuant to this Agreement shall indemnify the Company, each of its directors, officers, agents, employees and representatives, each underwriter, and each person who controls the Company
or such underwriter within the meaning of Section 15 of the Securities Act, each other participating Holder and each of their officers, directors and partners, and each person controlling such holders, against all claims, losses, damages and
liabilities (or actions in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any such registration statement, prospectus, offering circular or other document, or any
omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse such indemnified persons for any legal or any other expenses reasonably
incurred in connection with investigating or defending any such claim, loss, damage, liability or action, in each case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission)
is made in such registration statement, prospectus, offering circular or other document in reliance upon and in strict conformity with written information furnished to the Company by or on behalf of such Holder; provided, however, that (x) no
Holder shall be liable hereunder for 

  

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any amounts in excess of the net proceeds received by such Holder pursuant to such registration, and (y) the obligations of such Holder hereunder shall not
apply to amounts paid in settlement of any such claims, losses, damages or liabilities (or actions in respect thereof) if such settlement is effected without the consent of such Holder (which consent has not been unreasonably withheld or delayed).

  
 (c) Each party entitled to indemnification under this Section
6 (the “Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity
may be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom through counsel approved by the Indemnified Party (whose approval shall not unreasonably be withheld), and the
Indemnified Party may participate in such defense but the fees and disbursements of counsel to an Indemnified Party so choosing to participate shall be at the expense of such party, unless (i) the Indemnifying Party shall have failed to retain
counsel for the Indemnified Party as aforesaid, or (ii) the Indemnified Party shall have reasonably concluded that there may be reasonable defenses available to it which are different from or additional to those available to the Indemnifying Party
or that the interests of the Indemnified Party conflict with the interests of the Indemnifying Party; provided, however, that the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its
obligations under this Section 6 to the extent such failure is not prejudicial. No Indemnifying Party in the defense of any such claim or litigation shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter
into any settlement which does not include an unconditional release of such Indemnified Party from all liability in respect to such claim or litigation. Each Indemnified Party shall furnish such information regarding itself or the claim in question
as an Indemnifying Party may reasonably request in writing and as shall be reasonably required in connection with defense of such claim and litigation resulting therefrom. 
  
 (d) If the indemnification provided for in this Section 6 is held by a court of competent jurisdiction to be unavailable to
an Indemnified Party with respect to any loss, liability, claim, damage or expense referred to therein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and of the Indemnified Party on the other in connection with
the statements or omissions which resulted in such loss, liability, claim, damage or expense as well as any other relevant equitable considerations; provided, however, that in any case, no Indemnifying Party shall be required to contribute an
amount in excess of the net proceeds received by it from all Registrable Securities sold in the transactions related to such statements or omissions. The relative fault of the Indemnifying Party and of the Indemnified Party shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the Indemnifying Party or by the Indemnified Party and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 
  
 (e) Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in an underwriting agreement entered
into in connection with an underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 
  

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 7. Participation in Underwritten Registrations. No Person may participate in any Registration
hereunder which is underwritten unless such Person (i) agrees to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to approve such arrangements and (ii)
completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements; provided that no holder of the Registrable
Securities included in any underwritten Registration shall be required to make any representations or warranties to the Company or the underwriters (other than representations and warranties regarding such holder, such holder’s title to and
authority to sell the Registrable Securities and such holder’s intended method of distribution) or to undertake any indemnification obligations to the Company or the underwriters with respect thereto, except as otherwise provided in paragraph 6
hereof. 
  
 8. Other Obligations. With a view to making
available the benefits of certain rules and regulations of the Commission which may effectuate the registration of Registrable Securities or permit the sale of Registrable Securities to the public without registration, the Company agrees to use its
commercially reasonable efforts to: 
  
 (a) cause the Company to
become and/or remain S-3 Eligible; 
  
 (b) at such time as any
Registrable Securities are eligible for transfer under Rule 144(k), upon the request of the Holder of such Registrable Securities, remove any restrictive legend from the certificates evidencing such securities at no cost to such Holder; 

 
 (c) make and keep available public information as defined in Rule 144
under the Securities Act at all times that any Registrable Securities are entitled to the benefits of this Agreement; 
  
 (d) file with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act; and

  
 (e) furnish any Holder upon request a written statement by the
Company as to its compliance with the reporting requirements of Rule 144, a copy of the most recent annual or quarterly report of the Company, and such other reports and documents as a Holder may reasonably request in availing itself of any rule or
regulation of the Commission (including Rule 144A) allowing a Holder to sell any such securities without registration. 
  
 9. Basic Financial Information. If at any time the Company is not subject to the reporting requirements at Section 13 or 15(d) of the Exchange Act,
the Company will furnish the following reports to each Holder: 
  
 (a) As soon as practicable after the end of each fiscal year of the Company, and in any event within 90 days thereafter, a consolidated balance sheet of the Company and its subsidiaries, if any, as of the end of such fiscal year, and
consolidated statements of income and cash flow of the Company and its subsidiaries, if any, for such year, prepared in accordance with 

  

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generally accepted accounting principles consistently applied and setting forth in each case in comparative form the figures for the previous fiscal year,
all in reasonable detail and audited by a independent registered public accounting firm selected by the Company; and 
  
 (b) As soon as practicable after the end of each quarterly accounting period in each fiscal year of the Company, and in any event within 45 days
thereafter, a consolidated balance sheet of the Company and its subsidiaries, if any, as of the end of each such quarterly period, and consolidated statements of income and cash flow of the Company and its subsidiaries, if any, for such period and
for the current fiscal year to date, prepared in accordance with generally accepted accounting principles consistently applied and setting forth in comparative form the figures for the corresponding periods of the previous fiscal year, subject to
changes resulting from normal year-end audit adjustments, all in reasonable detail and certified by the chief financial officer of the Company, except that such statements need not contain the notes required by generally accepted accounting
principles. 
  
 10. Termination of Registration Rights. The
right of any Holder to request inclusion of Registrable Securities in any registration pursuant to this Agreement shall terminate when (i) all Registrable Securities beneficially owned by such Holder immediately may be sold under Rule 144(k) and
(ii) the Company’s Common Stock is listed on a national securities exchange or traded in The Nasdaq Stock Market. Further, no Holder shall have the right to request inclusion of Registrable Securities in any registration statement pursuant to
this Agreement that previously have been sold pursuant to an effective registration statement under the Securities Act or that have otherwise been sold to the public in an open-market transaction under Rule 144. 
  
 11. Miscellaneous 
  
 (a) No Inconsistent Agreements. The Company shall not hereafter enter
into any agreement with respect to its securities which is inconsistent with or violates the rights granted to the holders of the Registrable Securities in this Agreement. The Company further represents that it is not a party to any agreement other
than this Agreement which grants registration rights for the Company’s securities to any Person, other than the Stockholders Agreement and the Warrant Registration Rights Agreement between the Company and United States Trust Company of New
York, as Warrant Agent, dated as of December 3, 1999). 
  
 (b)
Adjustments Affecting Registrable Securities. The Company shall not take any action, or permit any change to occur, with respect to its securities which would materially adversely affect the ability of the holders of the Registrable
Securities to include such Registrable Securities in a registration undertaken pursuant to this Agreement or which would materially adversely affect the marketability of such Registrable Securities in any such registration (which might include,
without limitation, effecting a stock split or a combination of shares). 
  
 (c) Remedies. Any Person having rights under any provision of this Agreement shall be entitled to enforce such rights specifically to recover damages caused by reason of any breach of any provision of this
Agreement and to exercise all other rights granted by law. The parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that any party may in its sole 

  

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discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or other security) for specific performance and for other
injunctive relief in order to enforce or prevent violation of the provisions of this Agreement. 
  
 (d) Amendment and Waivers. Except as otherwise provided herein, the provisions of this Agreement may be amended, waived or terminated only upon the
prior written consent of the Company and the holders of two-thirds of the outstanding Registrable Securities (after giving effect to paragraph 10 of this Agreement) affected thereby. The failure of any party to enforce any of the provisions of this
Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. 
  
 (e) Successors and Assigns. All covenants and agreements in this
Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not. In addition, whether or not any express assignment has been made,
the provisions of this Agreement which are for the benefit of purchasers or holders of Registrable Securities are also for the benefit of, and enforceable by, any subsequent holder of Registrable Securities. 
  
 (f) Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such
prohibition or invalidity, without invalidating the remainder of this Agreement. 
  
 (g) Counterparts. This Agreement may be executed simultaneously in two or more counterparts (any one of which may be by facsimile), any one of which need not contain the signatures of more than one party, but
all such counterparts taken together shall constitute one and the same Agreement. 
  
 (h) Descriptive Headings. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. 
  
 (i) Governing Law. ALL ISSUES AND QUESTIONS CONCERNING THE
CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS AGREEMENT AND THE EXHIBITS AND SCHEDULES HERETO SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR
CONFLICT OF LAW RULES OR PROVISIONS (WHETHER OF THE STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION OTHER THAN THE STATE OF DELAWARE. 
  
 (j) Notices. All notices, demands or other communications to be given
or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when delivered personally to the recipient, sent to the recipient by reputable overnight courier service (charges prepaid)
or sent by facsimile transmission 

  

 11 

 
(confirmed by the facsimile operator). Such notices, demands and other communications shall be sent to each holder of the Registrable Securities at the
address and/or facsimile number indicated on Exhibit A hereto and to the Company at the address and/or facsimile number indicated below: 
  
 Knology, Inc. 
 1241 O.G. Skinner Drive

 West Point, Georgia 31833 
 Attention: Chad S. Wachter 
 Facsimile: (706) 645-0148 
  
 With a copy to: 
  
 Alston & Bird, LLP 
 601 Pennsylvania
Avenue, NW 
 North Building, 10th Floor 
 Washington, DC 20004 
 Attention: David E. Brown, Jr. 
 Facsimile: (202) 756-3333 
  
 Or to such other address and/or facsimile number or to the attention of such other person as
the recipient party has specified by prior written notice to the sending party. 
  
 (k) Joinder. Any purchaser of Registrable Securities must become a party to this Agreement upon execution and delivery of a joinder agreement between such purchaser and the holders of at least a majority of the
Registrable Securities (excluding the Registrable Securities purchased by such purchaser). 
  
 (l) Certain Calculations. For purposes of this Agreement, any and all rights exercisable by holders of a specified minimum percentage of the Registrable Securities shall be determined on an
“as-converted” basis. All references to numbers of shares, per share price or other share amounts in this Agreement shall be appropriately adjusted to reflect any stock dividend, split, combination or other recapitalization of shares by
the Company occurring after the date of this Agreement. 
  
 [Signature Pages Intentionally Omitted] 
  

 12 

 Exhibit A 
  

Schedule of Stockholders 
  
 Series AA Preferred Stock 
  

			
	 Name and Address

	 	 Total Number of Shares

	 Campbell B. Lanier, III
 c/o PRE Holdings, Inc.
 P. O. Box 510
 West Point, GA 31833
	 	143,750
		
	 J. Smith Lanier II
 c/o J. Smith Lanier and Company
 P. O. Box 70
 West Point, GA 31833
	 	143,750
		
	 AT&T Venture Fund II, LP
 c/o VMS Group
 47 Hulfish Street Suite 300
 Princeton, NJ 08542
 Attention: Dom Turiano
	 	31,860
		
	 Special Partners Fund, LP
 c/o VMS Group
 47 Hulfish Street Suite 300
 Princeton, NJ 08542
 Attention: Dom Turiano
	 	2,000
		
	 Special Partners Fund International, LP
 c/o VMS Group
 47 Hulfish Street Suite 300
 Princeton, NJ 08542
 Attention: Dom Turiano
	 	11,140
		
	 The Burton Partnership (QP), Limited Partnership
 614 W. Bay Street
 Tampa, FL 33606
 Attn: Laurie Ann Burton
	 	140,625
		
	 The Burton Partnership, Limited Partnership
 614 W. Bay Street
 Tampa, FL 33606
 Attn: Laurie Ann Burton
	 	46,875
		
	 O. Gene Gabbard
 102 Marseille Place
 Cary, North Carolina 27511
	 	25,000
		
	 SGL Investments Limited Partnership I
 140 Fountain Parkway, Suite 420
 St. Petersburg, FL 33716
	 	50,000

			
	 Ballast Point Ventures, L.P.
 880 Carillon Parkway
 St. Petersburg, FL 33716
	 	237,288
		
	 Ballast Point Ventures EF, L.P.
 880 Carillon Parkway
 St. Petersburg, FL 33716
	 	12,712
		
	 PNC Venture Corp
 3150 CNG Tower
 Pittsburgh, PA 15222
 Attn: David Hillman
	 	75,000
		
	Total	 	920,000Letter Agreement between the Company and K. Rupert Murdoch

 Exhibit 10.1 
  
 News Corporation 
  
 July 28, 2005 
  
 K. Rupert Murdoch 
 Chairman and Chief Executive Officer 
 News Corporation 
 1211 Avenue of the Americas 
 New York, NY 10036 
  

			
	Re:	    	Notification of Annual Bonus Guidelines

  
 Dear Rupert: 
  
 The purpose of this letter is to advise you that, pursuant to Article V of
the News Corporation 2005 Long-Term Incentive Plan, the Compensation Committee (the “Committee”) of the Board of Directors of News Corporation (the “Company”) determined on July 28, 2005, to apply the
Annual Bonus Guidelines set forth as Exhibit A to this letter (the “Guidelines”) to calculate your annual bonus for the fiscal year ending June 30, 2006. The Guidelines shall remain in effect for the fiscal years
ending June 30, 2007, 2008 and 2009, unless your employment terminates. The Committee has also determined that the Guidelines will be used to calculate your bonus for the fiscal year ending June 30, 2005. The award of your bonus will be made upon
certification by the Committee that the performance goals upon which your bonus is based have been attained. 
  

	
	Sincerely,
	
	 /s/ Andrew S. B. Knight

	Andrew S. B. Knight
	Chairman of the Compensation Committee
	News Corporation

 Exhibit A 
  

Annual Bonus Guidelines of K. Rupert Murdoch 
  
 (i) K. Rupert Murdoch (the “Executive”) shall be eligible for an annual bonus (“Bonus”), as determined in
accordance with these Annual Bonus Guidelines (the “Guidelines”) for each fiscal year (currently July 1 to June 30) (each a “Fiscal Year”) of News Corporation (“News Corp”)
ending on or prior to June 30, 2009, provided that the Executive remains employed by News Corp during such period. Any Bonus earned by the Executive pursuant to the Guidelines shall be paid in the manner hereinafter provided no later than two and
one-half months after the end of the period to which such Bonus relates or ten days after the earnings for the Fiscal Year are announced, whichever occurs first. Payment of the Bonus for each Fiscal Year shall in all circumstances be contingent upon
certification by the Compensation Committee of the Board of Directors (the “Compensation Committee”) of News Corp of the EPS Percentage Comparison (as defined below) for such Fiscal Year, and any deferral of a Bonus shall be
made in a manner that complies with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 
  
 (ii) The Bonus payable for each of the bonus periods ending on June 30, 2005, June 30, 2006, June 30, 2007, June 30, 2008 and June 30, 2009, respectively,
shall be the amount calculated pursuant to subsection (iii) below by (A) determining the EPS Percentage Comparison for the Fiscal Year then ended and (B) determining the Required Amount for such EPS Percentage Comparison. 
  
 (iii) “EPS Percentage Comparison” shall mean the
amount of percentage change (calculated to 1/100th of a percent) in Earnings Per Share (as calculated below) of News
Corp, determined as follows: 
  
 (A) Net Income for each Fiscal
Year shall be determined in accordance with United States generally accepted accounting principles and will be such amount reported as Net Income in News Corp’s audited consolidated financial statements (the “Financial
Statements”); 
  
 (B) Adjusted Net Income (which is
to be used as the basis for the EPS Percentage Comparison computation) shall be determined by adjusting Net Income by eliminating the effect on Net Income of the following items, which will apply equally to income and losses from “Associated
Entities” (as that term is used in the Financial Statements) included in Net Income (the “Adjustments”) - (i) non-cash intangible asset impairment charges and writedowns on investments to realizable values; (ii) gains or
losses on the sale or other disposition of businesses or investments; (iii) items classified as Extraordinary Items (or a similar classification); (iv) the impact of changes in accounting in the Fiscal Year of such change (with the intent being to
measure Adjusted Net Income in each Fiscal Year on the same bases of accounting); (v) costs of material business restructurings, reorganizations and relocations (includes severances, shut down, asset writeoffs – whether immediately recognized
or the incremental impact of accelerated charges over the restructuring period); and (vi) gains and losses from capital and debt issuances and retirements; 
  
 (C) Earnings Per Share shall be calculated by dividing Adjusted Net Income by the number of shares of stock (or stock equivalents) of the combined classes
of News Corp utilized in the Financial Statements for the respective Fiscal Year in determining diluted earnings per share (e.g., such number of shares for the 2004 Fiscal Year is set forth in Note 23 to the financial statements included in News
Corp’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 12, 2004), after adjusting for new share issuances and the effect of corporate reorganizations such as stock splits; and 

 (D) In such determination, Earnings Per Share for the Fiscal Year then ended (“Current
Year”) shall be divided by Earnings Per Share for the prior Fiscal Year (“Prior Year”) to determine the EPS Percentage Comparison. If Prior Year Earnings Per Share is a negative number, the difference between
Earnings Per Share for the Current Year and Prior Year shall be divided by Prior Year Earnings Per Share (expressed as a positive number) to determine the EPS Percentage Comparison. For example: (A) if Prior Year Earnings Per Share is ($2.00) and
Current Year Earnings Per Share is ($2.50), the EPS Percentage Comparison shall be negative 25% (negative change of $.50 divided by absolute value of $2.00 = negative 25%); (B) if Prior Year Earnings Per Share is ($2.00) and Current Year Earnings
Per Share is $1.00, the EPS Percentage Comparison shall be 150% (positive change of $3.00 divided by absolute value of $2.00 = 150%); and (C) if Prior Year Earnings Per Share is $2.00 and Current Year Earnings Per Share is $1.80, the EPS Percentage
Comparison is negative 10% (negative change of $.20 divided by absolute value of $2.00 = negative 10%). 
  
 (iv) The “Required Amount” shall equal the following amounts, using straight-line interpolation between low and high Required
Amounts for any EPS Percentage Comparison that falls within any applicable EPS Percentage Comparison range: 
  

							
	EPS Percentage Comparison Ranges:	  	The Required Amount is
	 If the EPS Percentage Comparison is

	  	Low

	  	High

	 Negative 25% or less
	  	 	0	  	 	0
	 Between negative 25% and negative 12 1/2%
	  	 	0	  	$	4 million
	 Between negative 12 1/2% and 0
	  	$	4 million	  	$	5 million
	 Between 0 and 10%
	  	$	5 million	  	$	10 million
	 Between 10% and 20%
	  	$	10 million	  	$	15 million
	 Between 20% and 30%
	  	$	15 million	  	$	20 million
	 Between 30% and 40%
	  	$	20 million	  	$	25 million
	 More than 40%
	  	$	25 million	  	$	25 million

  
 For example: (A) if the EPS Percentage
Comparison is a negative 26%, no Bonus will be payable; (B) if the EPS Percentage Comparison is a negative 14%, the Bonus payable will be $3,520,000; (C) if the EPS Percentage Comparison is a negative 6.2455%, the Bonus payable will be $4,500,000
(i.e., negative 6.2455% rounded to the nearest 1/100th of a percent is negative 6.25%); (D) if the EPS Percentage
Comparison is 1.5313%, the Bonus payable will be $5,765,000 (i.e., 1.5313% rounded to the nearest 1/100th of a
percent is 1.53%); (E) if the EPS Percentage Comparison is 14.9555%, the Bonus payable will be $12,480,000 (i.e., 14.9555% rounded to the nearest 1/100th of a percent is 14.96%); (F) if the EPS Percentage Comparison is 22.0036%, the Bonus payable will be $16,000,000 (i.e., 22.0036% rounded to the nearest 1/100th of a percent is 22.00%); and (G) if the EPS Percentage Comparison is 50.6587%, the Bonus payable will be $25,000,000. 
  
 (v) Any Bonuses payable to the Executive for the bonus periods ended June 30,
2005, and ending June 30, 2006, June 30, 2007, June 30, 2008 and June 30, 2009 shall be payable entirely in cash.

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