Document:

<Page>

                                VOTING AGREEMENT

         This Voting Agreement (the "AGREEMENT"), dated as of August 1, 2001, is
made among (i) the undersigned holders or managers of discretionary accounts
that hold or beneficially own (each, a "CONSENTING NOTEHOLDER" and collectively
the "CONSENTING NOTEHOLDERS") certain of the 13-1/2% Senior Discount Notes due
2008, 12-3/4% Senior Notes due 2009, and 14% Senior Notes due 2010
(collectively, the "NOTES"), all issued by Rhythms NetConnections Inc.
("RHYTHMS," and together with its direct and indirect subsidiaries, the
"COMPANY") pursuant to certain indentures, dated as of May 5, 1998, April 23,
1999, and February 23, 2000, respectively, (together, the "INDENTURES"), entered
into between the Company and State Street Bank and Trust Company of California,
N.A., as trustee (the "INDENTURE TRUSTEE"), (ii) the Company, (iii) J.W.
Braukman, the Company's Executive Vice President and Chief Financial Officer
(solely with respect to the treatment of his employment agreements as described
in the Term Sheet (as defined below)), and (iv) Steve Stringer, the Company's
Chief Operating Officer and Acting Chief Executive Officer (solely with respect
to the treatment of his employment agreements as described in the Term Sheet (as
defined below)) (each of the foregoing, a "PARTY", and collectively, the
"PARTIES").

                                    RECITALS

         WHEREAS, the Company is a provider of broadband local access
communication services and uses multiple digital subscriber lines to offer its
customers a range of high-speed, "always on" connections to the Internet or
private networks;

         WHEREAS, the Company has been pursuing a dual-track strategy to either
(i) obtain an investment sufficient to fully fund its business plan and thereby
accomplish a stand-alone reorganization, or (ii) sell its assets, either as a
going concern to one purchaser or some or all of its assets to one or more
purchasers;

         WHEREAS, the Company has determined that a prompt restructuring or, in
the event a prompt restructuring is not accomplished, an orderly wind-down of
operations (collectively, a "TRANSACTION") would be in the best interests of its
creditors and shareholders;

         WHEREAS, certain of the holders of the Notes formed an AD HOC committee
(the "NOTEHOLDERS' COMMITTEE") for the purposes of negotiating a Transaction;

<Page>

         WHEREAS, each Consenting Noteholder is the holder or investment adviser
or manager for a holder of record of a claim, as defined in section 101(5) of
title 11 of the United States Code, 11 U.S.C. Sections 101-1330 (as amended, the
"BANKRUPTCY CODE") arising out of, or related to, the Notes (a "NOTEHOLDER
CLAIM"), or if not a holder of record, then the beneficial owner thereof;

         WHEREAS, the Noteholders' Committee has retained Milbank, Tweed, Hadley
& MCCloy LLP ("MILBANK"), as counsel, and Jefferies & Co. ("JEFFERIES"), as
financial advisor, at the expense of the Company, all of which have been
involved in the negotiations of a Transaction;

         WHEREAS, the Parties intend to implement the Transaction through a
confirmed joint plan of reorganization or joint plan of liquidation for the
Company (collectively, the "PLAN") in voluntary bankruptcy cases (the "CHAPTER
11 CASES") to be commenced by the Company by filing petitions (collectively, the
"PETITIONS") under chapter 11 of Title 11 of the United States Code, 11 U.S.C.
Sections 101-1330 (as amended, the "BANKRUPTCY CODE");

         WHEREAS, subject to execution of definitive documentation and
appropriate approvals of the United States Bankruptcy Court for the Southern
District of New York (the "BANKRUPTCY COURT"), the following sets forth the
agreement between the Parties concerning their respective obligations.

         NOW, THEREFORE, in consideration of the foregoing, the Parties agree as
follows:

                                   AGREEMENT

SECTION 1. TERM SHEET. The term sheet, dated as of August 1, 2001,
annexed hereto as Exhibit A (the "TERM SHEET"), is incorporated herein and is
made part of this Agreement. Capitalized terms used herein without definition
shall have the meanings ascribed to such terms in the Term Sheet. The general
terms and conditions of the Transaction are set forth in the Term Sheet,
HOWEVER, the Term Sheet is supplemented by the terms and conditions of this
Agreement. In the event of any inconsistencies between the terms of this
Agreement and the Term Sheet, the Term Sheet shall govern.

SECTION 2. MEANS FOR EFFECTUATING THE TRANSACTION. To implement the
Transaction, Rhythms has agreed, on the terms and conditions set forth herein,
to consummate, and to cause each of its wholly owned U.S. subsidiaries to

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consummate, the Transaction through the Plan, the requisite acceptances of which
will be solicited after the Company commences the Chapter 11 Cases by filing the
Petitions under chapter 11 of the Bankruptcy Code, and to use its commercially
reasonable best efforts to have the Plan confirmed by the Bankruptcy Court in
accordance with the timetable set forth in the Term Sheet. .

SECTION 3. CONDUCT OF BUSINESS PENDING THE CONSUMMATION DATE OF
PLAN. The Company agrees that, prior to the consummation date of the Plan,
unless otherwise expressly permitted by this Agreement:

         (a) Rhythms shall not disburse or transfer any cash, securities or
other assets or property outside the ordinary course of business to any of its
direct and indirect subsidiaries or otherwise unless authorized by an order of
the Bankruptcy Court, and if such disbursements and transfers exceed $250,000 in
the aggregate, such order is reasonably satisfactory to a Committee Majority.

         (b) Prior to any liquidation of the Company, Rhythms shall and shall
cause each of its direct and indirect subsidiaries to (i) maintain its good
standing under the laws of the State or other jurisdiction in which it is
incorporated or organized, and (ii) notify the Consenting Noteholders of any
governmental or third party complaints, investigations or hearings (or
communications indicating that the same may be contemplated or threatened) which
relate directly to the Company and would reasonably be anticipated to materially
adversely affect the business, property, or financial condition of the Company
considered as one enterprise.

SECTION 4. RETENTION OF NOTICING AND BALLOTING AGENT. The Company shall promptly
file an application with the Bankruptcy Court seeking the entry of order
authorizing the Company to retain, employ, compensate, and reimburse Innisfree
M&A Incorporated on customary and reasonable terms and conditions, as the
Company's voting and claims agent in the Chapter 11 Cases, and the Consenting
Holders shall not object to and shall support such application.

SECTION 5. CONSENTING NOTEHOLDERS' COMMITMENTS REGARDING A TRANSACTION.

         GENERAL AGREEMENT OF MUTUAL SUPPORT. The Company and the Consenting
Noteholders will conduct the restructuring process as provided for in the Term
Sheet.

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         5.01. VOTE SUBJECT TO COURT APPROVED DISCLOSURE STATEMENT.

         Each Consenting Noteholder agrees that so long as it (or a client or an
account for which it has voting authority) is the holder of record or the
beneficial owner of a Noteholder Claim, subject to the conditions that (i) the
material terms of any applicable agreements, including, without limitation, the
Plan implementing the Transaction, embody and are consistent with the terms set
forth in the Term Sheet, (ii) the Plan, the disclosure statement related
thereto, and order confirming the Plan are in form and substance reasonably
satisfactory to a Committee Majority and all agreements have been entered into
by all applicable parties and have become valid, binding and enforceable, (iii)
no Noteholders' Termination Event (as defined in the Term Sheet) shall have
occurred and shall have not been waived in accordance with the Term Sheet, and
(iv) the Company has not terminated this Agreement after the occurrence of a
Company Termination Event and none of its direct and indirect subsidiaries shall
have breached this Agreement, it shall, when solicited, subject to the
acknowledgements contained in Section 12 hereof, (a) vote to accept the Plan,
(b) not object to confirmation of the Plan, and (c) refrain from supporting
directly or indirectly any other proposed plan of reorganization or liquidation
for the Company; PROVIDED, HOWEVER, that no Consenting Noteholder shall be
barred from (x) objecting to compliance with Bankruptcy Code section 1125 or
other applicable law relating to the sufficiency of the disclosures contained in
the accompanying disclosure statement for the Plan (the "DISCLOSURE STATEMENT"),
if it believes the Disclosure Statement or other document received by such
Consenting Noteholder lacks adequate information (as defined in section
1125(a)(1) of the Bankruptcy Code) or contains a material misstatement or
omission or (y) taking any action that does not directly or indirectly conflict
with the provisions of the Term Sheet.

         5.02. TRANSFER OF CLAIMS, INTERESTS AND SECURITIES.

         Except as expressly provided herein, this Agreement shall not in any
way restrict the right or ability of any Party hereto to sell, use, assign,
transfer or otherwise dispose of any of the securities of, or claims against,
the Company, PROVIDED, HOWEVER, for a period commencing as of the date hereof
until the earliest to occur of (i) the occurrence of a Noteholders' Termination
Event (unless the occurrence of such Noteholders' Termination Event has been
waived), (ii) the Company's termination of this Agreement after the occurrence
of a Company Termination Event, and (iii) the order confirming the Plan

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becomes a final order or the Plan shall have become effective (such period, the
"RESTRICTED PERIOD"), such transfer shall be void and without effect unless and
until the transferee delivers to the Consenting Noteholder transferor and the
Company within three (3) business days after the date of such transfer, a
written agreement containing the provisions set forth in Exhibit B attached
hereto pursuant to which such transferee shall assume all obligations of the
transferor hereunder in respect of the Noteholder Claims or securities
transferred (such transferees, if any, to also be a "Consenting Noteholder"
hereunder).

         5.03. REPRESENTATION OF CONSENTING NOTEHOLDERS' HOLDINGS.

         Each of the Consenting Noteholders represents that, as of the date
hereof, it is the beneficial owner of, and/or the investment adviser or manager
(with the power to vote and dispose of all of the aggregate principal amount of
the Notes, as set forth on its signature page (the "RELEVANT SECURITIES") on
behalf of their beneficial owners) of discretionary accounts for the holders or
beneficial owners of the Relevant Securities.

SECTION 6. THE COMPANY'S UNDERTAKINGS. Rhythms shall use its commercially
reasonable best efforts, and shall cause its direct and indirect subsidiaries to
use their commercially reasonable best efforts, to, as applicable, (i) take all
acts reasonably necessary to effectuate and consummate the transactions
contemplated by this Voting Agreement, the Term Sheet, and the Plan and (ii)
implement all steps necessary and desirable to obtain an order of the Bankruptcy
Court confirming the Plan, in each case, in accordance with the timetable set
forth in the Term Sheet.

SECTION 7. MUTUAL REPRESENTATIONS, WARRANTIES, AND COVENANTS. Each of the
Parties represents, warrants, and covenants to the others the following, each of
which is a continuing representation, warranty, and covenant:

         7.01. ENFORCEABILITY.

         This Agreement is a legal, valid and binding obligation of the Party,
enforceable against it in accordance with its terms, except as enforcement may
be limited by applicable laws relating to or limiting creditor's rights
generally or by equitable principles relating to enforceability.

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         7.02. NO CONSENT OR APPROVAL.

         Except as expressly provided in this Agreement, no consent or approval
is required by any other person or entity in order for it to carry out the
provisions of this Agreement.

         7.03 THIRD PARTY APPROVALS. Rhythms shall use its commercially
reasonable best efforts, and shall cause its direct and indirect subsidiaries to
use their commercially reasonable best efforts, to obtain all regulatory,
governmental, administrative, and third party approvals of the Transaction and
confirmation of the Plan, and to promptly consummate the Plan on the timetable
set forth in the Term Sheet.

         7.04 POWER AND AUTHORITY. It has all requisite power and authority to
enter into this Agreement and to carry out the transactions contemplated by, and
perform its respective obligations under, this Agreement.

         7.05 AUTHORIZATION. The execution and delivery of this Agreement and
the performance of its obligations hereunder have been duly authorized by all
necessary action on its part.

         7.06 GOVERNMENTAL CONSENTS. The execution and delivery by it of this
Agreement do not require any registration or filing with consent or approval of,
or other action to, with or by, any federal, state or other governmental
authority or regulatory body, except such filings as may be necessary and/or
required under the federal securities laws and, in connection with the
commencement of the Chapter 11 Cases, the approval of the Disclosure Statement
and confirmation of Plan.

SECTION 8. NO WAIVER OF PARTICIPATION AND RESERVATION OF RIGHTS. This Agreement
and the Plan are part of a proposed settlement of disputes among the Parties.
Except as expressly provided in this Agreement or the Term Sheet, nothing herein
is intended to, or does, in any manner waive, limit, impair, or restrict the
ability of each of the Consenting Noteholders to protect and preserve its
rights, remedies and interests, including without limitation, its claims against
the Company or its full participation in any bankruptcy case filed by the
Company. Except as otherwise provided in the Term Sheet or this Voting Agreement
(including, without limitation, with respect to a Survival Event), if the
transactions contemplated by this Agreement or in the Plan are not consummated,
or if this Agreement is terminated for any reason, the Parties fully reserve any
and all of their

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rights.

SECTION 9. TERMINATION OF AGREEMENT. The termination events for this Voting
Agreement and the Term Sheet are as set forth in the Term Sheet.

SECTION 10. CONDITIONS TO CONSENTING NOTEHOLDERS' OBLIGATION TO VOTE
FOR THE PLAN. The obligations of the Consenting Noteholders to vote to accept
the Plan (as contemplated by the Term Sheet) shall be subject to each of the
following conditions relating to the Chapter 11 Cases and this Agreement:

                  (a) No Noteholders' Termination Event shall have occurred
         (unless otherwise waived in accordance with the provisions of the Term
         Sheet);

                  (b) This Agreement shall not otherwise have been terminated in
         accordance with its terms;

                  (c) The Company projects that it will have sufficient cash on
         the closing date to make all cash payments required to be made on the
         closing date pursuant to the Plan;

                  (d) The form of the Plan and the confirmation order shall be
         reasonably satisfactory in form and substance to the Consenting
         Noteholders;

                  (e) All claims of creditors (whether secured or unsecured) and
         all interests of equity security holders shall be treated in a fashion
         consistent with the terms of the Term Sheet; and

                  (f) There shall not be in force any order, decree or ruling by
         any court or governmental body having jurisdiction, or any threatened
         or pending complaint of a governmental body praying for an order,
         decree or ruling of a court restraining or enjoining the consummation
         of or rendering illegal the transactions contemplated by this Agreement
         or the Plan.

The above conditions may be waived in writing by a Committee Majority.

SECTION 11. CONDITIONS TO THE COMPANY'S OBLIGATION TO CONSUMMATE FINANCIAL
RESTRUCTURING. The obligations of the Company to consummate the Transaction
shall be subject to the satisfaction,

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as of the closing date of the transactions contemplated by the Term Sheet and
the Plan, of each of the following conditions relating to the Chapter 11 Cases
and this Agreement:

                  (a) This Agreement shall not have been terminated in
         accordance with its terms;

                  (b) The Bankruptcy Court shall have entered an order
         confirming the Plan under section 1129 of the Bankruptcy Code;

                  (c) There shall not be in force any order, decree or ruling by
         any court or governmental body having jurisdiction restraining or
         enjoining the consummation of or rendering illegal the transactions
         contemplated by this Agreement or the Plan; and

                  (d) No Company Termination Event shall have occurred.

SECTION 12. ACKNOWLEDGMENT. This Agreement and the Term Sheet and
the transactions contemplated herein and therein are the product of negotiations
between the Parties and their respective representatives. It is recognized and
agreed by the Parties that this Agreement and the Term Sheet do not purport to
contain all of the material terms with respect to the Chapter 11 Cases. This
Agreement is not and shall not be deemed to be a solicitation of votes for the
acceptance of the Plan. Each of the Consenting Noteholders' acceptance of the
Plan will not be solicited until it has received a Disclosure Statement approved
by the Bankruptcy Court.

                  The Company acknowledges that (i) the Consenting Noteholders
are not responsible for soliciting acceptances of the Plan by the Accounts in
the Chapter 11 Cases, (ii) the solicitation of acceptances of the Plan involves
intermediate entities over whom the Consenting Noteholders lack control, and
(iii) the Consenting Noteholders' obligations to vote for the Plan are subject
to the timely performance of such intermediate entities' obligations such that
each Consenting Noteholder or Account, as the case may be, has sufficient time
in which to receive, review and return the applicable ballot(s) to the voting
agent on or before the voting deadline.

SECTION 13. EFFECTIVENESS; AMENDMENTS; NOTEHOLDERS. This Agreement
shall not become effective and binding on the Parties unless and until (i)
counterpart signature pages hereto shall

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have been executed and delivered by regular mail or otherwise by the Company and
holders or managers of the Notes which constitute in the aggregate (x) the
amount set forth in the Term Sheet or (y) a lower percentage that is acceptable
to the Company, and (ii) the Parties each shall have executed and delivered to
the others the Mutual Release Agreement, substantially similar to the form
annexed hereto as Exhibit C. Once effective, neither this Agreement nor the Term
Sheet may be modified, amended, or supplemented (except as expressly provided
herein or in the Term Sheet) as to any Consenting Noteholder except in writing
signed by the Company and such Consenting Noteholder.

SECTION 14. IMPACT OF APPOINTMENT TO CREDITORS' COMMITTEE.
Notwithstanding anything herein to the contrary, if any Consenting Noteholder is
appointed to and serves on any official committee of unsecured creditors
appointed in the Chapter 11 Cases (an "OFFICIAL COMMITTEE"), the terms of this
Agreement shall not be construed so as to limit such Consenting Noteholder's
exercise (in its sole discretion) of its fiduciary duties to any person arising
from its service on such Official Committee, and any such exercise (in the sole
discretion of such Consenting Noteholder) of such fiduciary duties shall not be
deemed to constitute a breach of the terms of this Agreement (but the fact of
such service on an Official Committee shall not otherwise affect the continuing
validity or enforceability of this Agreement against such Consenting Noteholder
in its capacity as a holder of the Notes, including, without limitation, the
requirement of such Consenting Noteholder to support the Term Sheet, this
Agreement, and vote for the Plan).

SECTION 15. MISCELLANEOUS.

         15.01. FURTHER ASSURANCES.

         The Parties agree to execute and deliver such other instruments and
perform such acts, in addition to the matters herein specified, as may be
appropriate or necessary, from time to time, to effectuate the agreements and
understandings of the Parties, whether the same occurs before or after the date
of this Agreement.

         15.02. COMPLETE AGREEMENT.

         This Agreement, together with the Term Sheet and the exhibits and
schedules thereto, and the documents and pleadings referred to therein and
herein, is the entire agreement between

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the Parties with respect to the subject matter hereof and supersedes all prior
agreements, oral or written, between the Parties with respect thereto.

         15.03. WAIVER.

         No claim of waiver, modification, consent or acquiescence with respect
to any provision of this Agreement shall be made against any Party, except on
the basis of a written instrument executed by or on behalf of such Party. All
Parties shall receive advance written notice of any proposed material changes to
any of the Chapter 11 Documents.

         15.04. PARTIES.

         This Agreement shall be binding upon, and inure to the benefit of, the
Parties. No rights or obligations of any Party under this Agreement may be
assigned or transferred to any other person or entity except as provided in
Section 5.02 hereof. Nothing in this Agreement, express or implied, shall give
to any person or entity, other than the Parties, any benefit or any legal or
equitable right, remedy or claim under this Agreement.

         15.05 SURVIVAL. Notwithstanding the sale of Relevant Securities by any
of the Consenting Noteholders in accordance with Section 5.02 hereto or the
termination of the Consenting Noteholders' obligations hereunder in accordance
with Section 10 hereto, the Company's obligations and agreements set forth in
Section 15.11 (but only with respect to expenses incurred through the date of
such termination) hereto shall survive such termination and shall continue in
full force and effect for the benefit of the Consenting Noteholders in
accordance with the terms hereof.

         15.06. HEADINGS.

         The headings of all sections of this Agreement are inserted solely for
the convenience of reference and are not a part of and are not intended to
govern, limit or aid in the construction or interpretation of any term or
provision hereof.

         15.07.   GOVERNING LAW.

         THIS AGREEMENT IS TO BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE
PERFORMED IN SUCH STATE, WITHOUT GIVING EFFECT TO THE CHOICE OF LAWS PRINCIPLES
THEREOF.

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         15.08.   EXECUTION OF AGREEMENT.

         This Agreement may be executed and delivered (by facsimile or
otherwise) in any number of counterparts, each of which, when executed and
delivered, shall be deemed an original, and all of which together shall
constitute the same agreement. Except as expressly provided in this Agreement,
each individual executing this Agreement on behalf of a Party has been duly
authorized and empowered to execute and deliver this Agreement on behalf of said
Party.

         15.09.   INTERPRETATION.

         This Agreement is the product of negotiations of the Parties, and in
the enforcement or interpretation hereof, is to be interpreted in a neutral
manner, and any presumption with regard to interpretation for or against any
party by reason of that Party having drafted or caused to be drafted this
Agreement, or any portion hereof, shall not be effective in regard to the
interpretation hereof.

         15.10.   CONFIDENTIALITY.

         All information obtained in the course of the negotiations leading up
to this Agreement shall be treated as confidential information pursuant to the
confidentiality agreements previously executed between the Company and each of
the Consenting Noteholders, which confidentiality agreements are incorporated by
reference as if fully set forth herein.

         15.11. FEES, EXPENSES AND INDEMNIFICATION. Unless the Consenting
Holders shall have materially breached any provision of this Agreement, the
Company shall pay in full on the day immediately prior to the filing of the
Petitions all reasonable fees and expenses that are due and owing to Milbank and
Jefferies under their respective engagement letters; PROVIDED, HOWEVER, that in
the event of such breach, the Company shall pay on such date any and all
outstanding expenses of such advisors through the date of the termination of
this Agreement.

         Subject to Bankruptcy Court approval, the Company agrees that it shall
continue to pay (and support any application of the Noteholders' Committee to
require such payment), the reasonable fees and expenses of Milbank and
Jefferies, as legal and financial advisors to the Noteholders' Committee, from
and after the commencement (and through the conclusion) of the Chapter 11 Cases
and through the earlier to occur of (x) the consummation of the Plan and (y) the
termination of this

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Agreement by the Company or the Consenting Noteholders, whether or not an
Official Committee is appointed and, if an Official Committee is appointed,
whether or not Milbank and Jefferies are selected as advisors to the Official
Committee; PROVIDED, HOWEVER, that if Milbank and Jefferies are selected as
advisors to the Official Committee, then the Company's obligations to pay their
respective fees and expenses under this Agreement shall terminate.

         The Company agrees to indemnify and hold harmless each Consenting
Noteholder and its officers, directors, partners, employees, agents, and
advisors, including Milbank and Jefferies, and each of their respective
successors and assigns from and against any and all claims, suits, actions,
liabilities, and judgments and costs related thereto (including any defense
costs associated therewith on an "as incurred" basis) arising under or with
respect to the transactions contemplated by this Agreement or the Term Sheet or
any act or failure to act taken in contemplation, furtherance or connection
herewith, except if such claim or liability is determined by a competent court
to have arisen as a result of such Consenting Noteholder's material breach of
its obligations hereunder or fraudulent or willful misconduct or gross
negligence on the part of such Consenting Noteholder or the applicable
indemnified person.

         15.12. TERMINATION.

         In addition any other termination provisions contained in this
Agreement and the Term Sheet, this Agreement shall be terminable via written
notice to all of the Parties upon written agreement of the Company and a
Committee Majority to terminate the Agreement; PROVIDED, HOWEVER, that such
termination of the Agreement shall not restrict the Parties' remedies for a
prior breach hereof.

         15.13. SUCCESSORS AND ASSIGNS. This Agreement is intended to bind and
inure to the benefit of the parties and their respective successors, assigns,
heirs, executors, administrators and representatives, other than a trustee or
similar representative appointed in the Chapter 11 cases. The agreements,
representations and obligations of the Consenting Noteholders under this
Agreement are, in all respects, several and not joint.

         15.14. NOTICES.

         All notices hereunder shall be deemed given if in writing

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and delivered, if sent by telecopy, courier or by registered or certified mail
(return receipt requested) to the following addresses and telecopier numbers (or
at such other addresses or telecopier numbers as shall be specified by like
notice)

                  (1)      if to the Company, to:

                           Rhythms NetConnections Inc.
                           9100 East Mineral Circle
                           Englewood, Colorado 80112
                           Attention:  J. W. Braukman
                           Telecopier: (303) 476-5700

                           with copies to:

                           Weil, Gotshal & Manges LLP
                           767 Fifth Avenue
                           New York, New York
                           Attention:  Paul M. Basta, Esq.
                           Telecopier: (212) 310-8934

                  (2)      if to a Consenting Noteholder or a transferee
                           thereof, to the addresses or telecopier numbers set
                           forth below following the Consenting Noteholder's
                           signature (or as directed by any transferee thereof),
                           as the case may be with copies to:

                           Milbank, Tweed, Hadley & McCloy LLP
                           1 Chase Manhattan Plaza
                           New York, NY 10005-1418
                           Attention:  Dennis F. Dunne, Esq.
                           Telecopier:  (212) 822-5770 AND
                                        (212) 822-5310

Any notice given by delivery, mail or courier shall be effective when received.
Any notice given by telecopier shall be effective upon oral or machine
confirmation of transmission.

                  [REMAINDER OF PAGE LEFT BLANK INTENTIONALLY]

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         IN WITNESS WHEREOF, the Parties have executed this Agreement on the day
and year first above written.

Dated: August 1, 2001        RHYTHMS NETCONNECTIONS INC.,
                             a Delaware corporation

                             By:  ______________________
                             Name:  J.W. Braukman
                             Its:  Executive VP & CFO

Dated: August 1, 2001        ___________________________
                             Steve Stringer (solely with
                             respect to the treatment of his
                             employment agreements as
                             described in the Term Sheet), in
                             his individual capacity

Dated: August 1, 2001        ___________________________

                             J.W. Braukman (solely with
                             respect to the treatment of his
                             employment agreements as
                             described in the Term Sheet), in
                             his individual capacity

                 [CONSENTING NOTEHOLDER SIGNATURE PAGES FOLLOW]

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Dated: August 1, 2001              MORGAN STANLEY INVESTMENT MANAGEMENT, INC.

                                   --------------------------
                                   Deanna L. Loughnane
                                   Title: Executive Director

                                   1 Tower Bridge
                                   West Conshohocken, PA 19428

                                   Telephone: (610) 940-5691
                                   Facsimile: (610) 260-7088

                                   AGGREGATE PRINCIPAL AMOUNT
                                   OF NOTES BENEFICIALLY OWNED

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

                                   $-------------------------
                                   2009 12 3/4% Senior Notes

                                   $-------------------------
                                   2010 14% Senior Notes

                                   AGGREGATE PRINCIPAL AMOUNT OF
                                   NOTES MANAGED ON BEHALF OF
                                   ACCOUNTS FOR WHICH SIGNATORY HAS
                                   VOTING AUTHORITY:

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

Voting Agreement by                $-------------------------
and among Rhythms                  2009 12 3/4% Senior Notes
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer, and      $-------------------------
certain Consenting Noteholders     2010 14% Senior Notes

                                       15
<Page>

Dated: August 1, 2001              MERRILL LYNCH, PIERCE,
                                   FENNER & SMITH INCORPORATED

                                   --------------------------
                                   Name: Graham Goldsmith
                                   Title: Managing Director

                                   4 World Financial Center
                                   250 Vesey Street, 7th Floor
                                   New York, NY 10080

                                   Telephone: (212) 449-1000
                                   Facsimile: (212) 449-1130

                                   AGGREGATE PRINCIPAL AMOUNT
                                   OF NOTES BENEFICIALLY OWNED

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

                                   $-------------------------
                                   2009 12 3/4% Senior Notes

                                   $-------------------------
                                   2010 14% Senior Notes

                                   AGGREGATE PRINCIPAL AMOUNT OF
                                   NOTES MANAGED ON BEHALF OF
                                   ACCOUNTS FOR WHICH SIGNATORY HAS
                                   VOTING AUTHORITY:

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

Voting Agreement by                $-------------------------
and among Rhythms                  2009 12 3/4% Senior Notes
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer, and      $-------------------------
certain Consenting Noteholders     2010 14% Senior Notes

                                       16
<Page>

Dated: August 1, 2001              FIR TREE PARTNERS

                                   --------------------------
                                   Scott Henkin
                                   Title: Vice President

                                   535 Fifth Avenue, 31st Floor
                                   New York, NY 10017

                                   Telephone: (212) 599-0090
                                   Facsimile: (212) 599-1330

                                   AGGREGATE PRINCIPAL AMOUNT
                                   OF NOTES BENEFICIALLY OWNED

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

                                   $-------------------------
                                   2009 12 3/4% Senior Notes

                                   $-------------------------
                                   2010 14% Senior Notes

                                   AGGREGATE PRINCIPAL AMOUNT OF
                                   NOTES MANAGED ON BEHALF OF
                                   ACCOUNTS FOR WHICH SIGNATORY HAS
                                   VOTING AUTHORITY:

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

Voting Agreement by                $-------------------------
and among Rhythms                  2009 12 3/4% Senior Notes
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer, and      $-------------------------
certain Consenting Noteholders     2010 14% Senior Notes

                                       17
<Page>

Dated: August 1, 2001              AQUITANIA PARTNERS

                                   --------------------------
                                   Name: John C. Kopchik
                                   Title:  Principal, on behalf of Aquitania
                                   Partners, Q.P., L.P.

                                   261 School Avenue, Suite 400
                                   Excelsior, MN 55331

                                   Telephone: (952) 401-6000
                                   Facsimile: (952) 401-6101

                                   AGGREGATE PRINCIPAL AMOUNT
                                   OF NOTES BENEFICIALLY OWNED

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

                                   $-------------------------
                                   2009 12 3/4% Senior Notes

                                   $-------------------------
                                   2010 14% Senior Notes

                                   AGGREGATE PRINCIPAL AMOUNT OF
                                   NOTES MANAGED ON BEHALF OF
                                   ACCOUNTS FOR WHICH SIGNATORY HAS
                                   VOTING AUTHORITY:

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

Voting Agreement by                $-------------------------
and among Rhythms                  2009 12 3/4% Senior Notes
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer, and      $-------------------------
certain Consenting Noteholders     2010 14% Senior Notes

                                       18
<Page>

Dated: August 1, 2001              VIKING GLOBAL INVESTORS LP

                                   --------------------------
                                   Brian T. Olson
                                   Title: Managing Director

                                   280 Park Avenue, 35th Floor
                                   New York, NY 10017

                                   Telephone: (212) 672-7020
                                   Facsimile: (212) 672-7080

                                   AGGREGATE PRINCIPAL AMOUNT
                                   OF NOTES BENEFICIALLY OWNED

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

                                   $-------------------------
                                   2009 12 3/4% Senior Notes

                                   $-------------------------
                                   2010 14% Senior Notes

                                   AGGREGATE PRINCIPAL AMOUNT OF
                                   NOTES MANAGED ON BEHALF OF
                                   ACCOUNTS FOR WHICH SIGNATORY HAS
                                   VOTING AUTHORITY:

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

Voting Agreement by                $-------------------------
and among Rhythms                  2009 12 3/4% Senior Notes
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer, and      $-------------------------
certain Consenting Noteholders     2010 14% Senior Notes

                                       19
<Page>

Dated: August 1, 2001              LUTHERAN BROTHERHOOD HIGH YIELD
                                   FUND, BY LUTHERAN BROTHERHOOD
                                   RESEARCH CORP., ITS INVESTMENT
                                   ADVISOR

                                   LB SERIES FUND, INC. - HIGH
                                   PORTFOLIO, BY LUTHERAN
                                   BROTHERHOOD, ITS INVESTMENT
                                   ADVISOR

                                   --------------------------
                                   Name: Mark Simenstad
                                   Title: Vice President

                                   625 Fourth Avenue South
                                   Minneapolis, MN 55415

                                   Telephone: (612) 340-7000
                                   Facsimile: (612) 340-8408

                                   AGGREGATE PRINCIPAL AMOUNT
                                   OF NOTES BENEFICIALLY OWNED

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

                                   $-------------------------
                                   2009 12 3/4% Senior Notes

                                   $-------------------------
                                   2010 14% Senior Notes

                                   AGGREGATE PRINCIPAL AMOUNT OF
                                   NOTES MANAGED ON BEHALF OF
                                   ACCOUNTS FOR WHICH SIGNATORY HAS
                                   VOTING AUTHORITY:

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

Voting Agreement by                $-------------------------
and among Rhythms                  2009 12 3/4% Senior Notes
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer, and      $-------------------------
certain Consenting Noteholders     2010 14% Senior Notes

                                       20
<Page>

Dated: August 1, 2001              CONTINENTAL CASUALTY COMPANY

                                   --------------------------
                                   Name: Richard W. Dubberke
                                   Title: Vice President

                                   333 South Wabash Avenue
                                   CNA Plaza - 23S
                                   Chicago, IL 60685

                                   Telephone: (312) 822-1337
                                   Facsimile: (312) 817-1680

                                   AGGREGATE PRINCIPAL AMOUNT
                                   OF NOTES BENEFICIALLY OWNED

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

                                   $-------------------------
                                   2009 12 3/4% Senior Notes

                                   $-------------------------
                                   2010 14% Senior Notes

                                   AGGREGATE PRINCIPAL AMOUNT OF
                                   NOTES MANAGED ON BEHALF OF
                                   ACCOUNTS FOR WHICH SIGNATORY HAS
                                   VOTING AUTHORITY:

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

Voting Agreement by                $-------------------------
and among Rhythms                  2009 12 3/4% Senior Notes
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer, and      $-------------------------
certain Consenting Noteholders     2010 14% Senior Notes

                                       21
<Page>

Dated: August 1, 2001              CITADEL EQUITY FUND LTD.
                                   BY: CITADEL LIMITED
                                   PARTNERSHIP, PORTFOLIO MANAGER
                                   BY: GLB PARTNERS, L.P.,
                                   ITS GENERAL PARTNER
                                   BY: CITADEL INVESTMENT
                                   GROUP, L.L.C., ITS GENERAL PARTNER

                                   --------------------------
                                   Name: Bradford B. Couri
                                   Title:  Director

                                   225 W. Washington
                                   Chicago, IL 60606

                                   Telephone: (312) 696-2063

                                   AGGREGATE PRINCIPAL AMOUNT
                                   OF NOTES BENEFICIALLY OWNED

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

                                   $-------------------------
                                   2009 12 3/4% Senior Notes

                                   $-------------------------
                                   2010 14% Senior Notes

                                   AGGREGATE PRINCIPAL AMOUNT OF
                                   NOTES MANAGED ON BEHALF OF
                                   ACCOUNTS FOR WHICH SIGNATORY HAS
                                   VOTING AUTHORITY:

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

Voting Agreement by                $-------------------------
and among Rhythms                  2009 12 3/4% Senior Notes
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer, and      $-------------------------
certain Consenting Noteholders     2010 14% Senior Notes

                                       22
<Page>

Dated: August 1, 2001              CITADEL CREDIT TRADING LTD.
                                   BY: CITADEL LIMITED
                                   PARTNERSHIP, PORTFOLIO MANAGER
                                   BY: GLB PARTNERS, L.P.,
                                   ITS GENERAL PARTNER
                                   BY: CITADEL INVESTMENT
                                   GROUP, L.L.C., ITS GENERAL PARTNER

                                   --------------------------
                                   Name: Bradford B. Couri
                                   Title:  Director

                                   225 W. Washington
                                   Chicago, IL 60606

                                   Telephone: (312) 696-2063

                                   AGGREGATE PRINCIPAL AMOUNT
                                   OF NOTES BENEFICIALLY OWNED

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

                                   $-------------------------
                                   2009 12 3/4% Senior Notes

                                   $-------------------------
                                   2010 14% Senior Notes

                                   AGGREGATE PRINCIPAL AMOUNT OF
                                   NOTES MANAGED ON BEHALF OF
                                   ACCOUNTS FOR WHICH SIGNATORY HAS
                                   VOTING AUTHORITY:

                                   $-------------------------
                                   2008 13 1/2% Senior Discount Notes

Voting Agreement by                $-------------------------
and among Rhythms                  2009 12 3/4% Senior Notes
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer, and      $-------------------------
certain Consenting Noteholders     2010 14% Senior Notes

                                       23
<Page>

                                    Exhibit A

                                   Term Sheet

<Page>

                                    EXHIBIT B

                        PROVISION FOR TRANSFER AGREEMENT

         The undersigned ("TRANSFEREE") hereby acknowledges that it has read and
understands the Voting Agreement between Rhythms NetConnections Inc. and
[Transferor Consenting Noteholder], INTER ALIA, and agrees to be bound by the
terms and conditions thereof to the extent Transferor was thereby bound.

                                                     By:
                                                         ----------------------
                                                         Transferee

<Page>

                          EXHIBIT C TO VOTING AGREEMENT

                            MUTUAL RELEASE AGREEMENT

                  This Mutual Release Agreement (this "AGREEMENT") dated as of
August 1, 2001, is made by and among (i) the undersigned holders (each, a
"CONSENTING NOTEHOLDER" and collectively the "CONSENTING NOTEHOLDERS") of
certain of the 13-1/2% Senior Discount Notes due 2008, 12-3/4% Senior Notes due
2009, and 14% Senior Notes due 2010 (collectively, the "NOTES"), all issued by
Rhythms NetConnections Inc. ("RHYTHMS," and together with its direct and
indirect subsidiaries, the "COMPANY") pursuant to certain indentures, dated as
of May 5, 1998, April 23, 1999, and February 23, 2000, respectively, (together,
the "INDENTURES"), entered into between the Company and State Street Bank and
Trust Company of California, N.A., as trustee, (ii) the Company, (iii) J.W.
Braukman, the Company's Executive Vice President and Chief Financial Officer,
and (iv) Steve Stringer, the Company's Chief Operating Officer and Acting Chief
Executive Officer (each of the foregoing, a "PARTY", and collectively, the
"PARTIES").

                 WHEREAS, the Parties entered into that certain Voting
Agreement, dated as of August 1, 2001 (the "VOTING AGREEMENT"), pursuant to
which, among other things, the Parties set forth their agreements concerning
their respective obligations with respect to a Transaction1 and the conduct of
the Chapter 11 Cases.

                 NOW, THEREFORE, in consideration of the foregoing and the
agreements set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which the Parties hereby acknowledge, the Parties
agree as follows:

         1.      RELEASE BY CONSENTING NOTEHOLDERS.

                 Except as provided for herein, each Consenting Noteholder,
solely in its capacity as a holder of the Notes, hereby unequivocally releases
and forever discharges the Company, its directors serving on the board of
directors on the date that the Company approved the Voting Agreement, officers,

--------

(1) Capitalized terms not otherwise defined herein shall have the meanings
ascribed to such terms in the Voting Agreement.

<Page>

attorneys, advisors, accountants, employees, executives, and representatives
(collectively, the "COMPANY RELEASED PARTIES"), from any and all claims (as
defined in 11 U.S.C. Section 101(5)) arising under or in connection with the
Notes whether or not asserted or raised and existing, or alleged to exist or to
have existed, at any time from the beginning of the world to and including the
date hereof (collectively, the "NOTEHOLDER CLAIMS"), which the Consenting
Noteholder has or may have against any of the Company Released Parties;
PROVIDED, HOWEVER, that the foregoing release shall not apply to any Noteholder
Claim (i) relating to the payment (or non-payment) of any principal of, or
premium, if any, and interest under the Indenture or with respect to the Notes,
including, without limitation, payment (or non-payment) of the Escrowed Funds,
and any fees or other charges that become due and payable in accordance with the
Indentures or under applicable law, (ii) involving the gross negligence, willful
misconduct or fraud of any Company Released Party or (iii) relating to the
Voting Agreement, the Term Sheet and this Agreement, including, without
limitation, any claim relating to the Company's breach of the Voting Agreement,
the Term Sheet or this Agreement or the enforcement of the provisions of such
agreements; PROVIDED, FURTHER, that, in the event of a Noteholders' Termination
Event or a Company Termination Event, this Agreement and the releases provided
hereunder shall automatically terminate, be of no further force or effect, and
be deemed null and void and to have never existed in any form.

         2.      RELEASE BY THE COMPANY.

                 Upon the execution of this Agreement by the Parties, the
Company and Messrs. Braukman and Stringer (collectively, the "COMPANY RELEASING
PARTIES") hereby unequivocally release and forever discharge each Consenting
Noteholder, in its capacity as a holder of the Notes, and any of its affiliates,
and their respective successors, assigns, trustees, agents, and their directors,
officers, employees, executives, attorneys, advisors, accountants, and
representatives (collectively, the "NOTEHOLDER RELEASED PARTIES") from any and
all claims (as defined in 11 U.S.C. Section 101(5)) whether or not asserted or
raised and existing, or alleged to exist or to have existed, at any time from
the beginning of the world to and including the date of execution of this
Agreement by the Parties (collectively, the "COMPANY CLAIMS"), which any Company
Releasing Party ever had or may have against any of the Noteholder Released
Parties; PROVIDED, HOWEVER, that the foregoing release shall not apply to any
Company Claims (i) involving the gross negligence, willful

                                       27
<Page>

misconduct or fraud of any Noteholder Released Party or (ii) arising under the
terms and conditions of, or from a Noteholder Released Party's breach of the
Voting Agreement, the Term Sheet or this Agreement; PROVIDED, FURTHER, that, in
the event of a Noteholders' Termination Event or a Company Termination Event,
this Agreement and the releases provided hereunder shall automatically
terminate, be of no further force or effect, and be deemed null and void and to
have never existed in any form.

         3.       AGREEMENTS.

                  The Parties understand and agree (a) that neither this
Agreement, nor any part hereof, shall be used or construed as an admission of
liability on the part of any Party, (b) that neither this Agreement, nor any
part hereof, shall be used as evidence by or against any Party for any purpose,
and (c) that each Party has had the opportunity to engage counsel to review this
Agreement and advise such Party with respect thereto.

         4.       SUCCESSORS AND ASSIGNS.

                  The terms of this Agreement shall be binding on the Parties
         and their respective successors and assigns.

         5.       TERMINATION.

                  In the event of Noteholders' Termination Event or a Company
Termination Event, this Agreement, including any releases provided hereunder,
shall automatically terminate and be of no further force or effect, and be
deemed null and void and to have never existed in any form.

         6.       COUNTERPARTS; FACSIMILE EXECUTION.

                  This Agreement may be executed in any number of counterparts
and by different Parties on separate counterparts, each of which counterpart,
when so executed and delivered, shall be deemed to be an original and all of
which counterparts, taken together, shall constitute but one and the same
agreement. This Agreement may be executed and delivered by telecopier, PROVIDED,
HOWEVER, that the Parties shall endeavor to deliver original counterpart
signatures to the other Parties as soon thereafter as practicable.

         7.       GOVERNING LAW.

                  THIS MUTUAL RELEASE AGREEMENT AND THE RELEASES

                                       28
<Page>

CONTAINED HEREIN SHALL BE GOVERNED BY, ENFORCED AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS CHOICE OF LAW
PRINCIPLES.

                  IN WITNESS WHEREOF, the Parties have caused this Mutual
Release Agreement to be executed as of the date first written above.

Dated: August 1, 2001              RHYTHMS NETCONNECTIONS INC.,
                                   a Delaware corporation

                                   By:
                                      ---------------------------
                                   Name: J.W. Braukman
                                   Its: Executive VP & CFO

                                   ------------------------------
Dated: August 1, 2001              Steve Stringer, in his
                                   individual capacity

                                   ------------------------------
Dated: August 1, 2001              J.W. Braukman, in his
                                   individual capacity

                 [CONSENTING NOTEHOLDER SIGNATURE PAGES FOLLOW]

                                       29
<Page>

Dated: August 1, 2001              MORGAN STANLEY INVESTMENT MANAGEMENT, INC.

                                   --------------------------
                                   Deanna L. Loughnane
                                   Title: Executive Director

                                   1 Tower Bridge
                                   West Conshohocken, PA 19428

                                   Telephone: (610) 940-5691
                                   Facsimile: (610) 260-7088

Mutual Release Agreement
by and among Rhythms
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer,
and certain Consenting
Noteholders

                                       30
<Page>

Dated: August 1, 2001              MERRILL LYNCH, PIERCE,
                                   FENNER & SMITH INCORPORATED

                                   --------------------------
                                   Name: Graham Goldsmith
                                   Title: Managing Director

                                   4 World Financial Center
                                   250 Vesey Street, 7th Floor
                                   New York, NY 10080

                                   Telephone: (212) 449-1000
                                   Facsimile: (212) 449-1130

Mutual Release Agreement by
and among Rhythms
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer,
and certain Consenting
Noteholders

                                       31
<Page>

Dated: August 1, 2001              FIR TREE PARTNERS

                                   --------------------------
                                   Scott Henkin
                                   Title: Vice President

                                   535 Fifth Avenue, 31st Floor
                                   New York, NY 10017

                                   Telephone: (212) 599-0090
                                   Facsimile: (212) 599-1330

Mutual Release Agreement by
and among Rhythms
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer,
and certain Consenting
Noteholders

                                       32
<Page>

Dated: August 1, 2001              AQUITANIA PARTNERS

                                   --------------------------
                                   Name: John C. Kopchik
                                   Title:  Principal, on behalf of Aquitania
                                   Partners, Q.P., L.P.

                                   261 School Avenue, Suite 400
                                   Excelsior, MN 55331

                                   Telephone: (952) 401-6000
                                   Facsimile: (952) 401-6101

Mutual Release Agreement by
and among Rhythms
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer,
and certain Consenting
Noteholders

                                       33
<Page>

Dated: August 1, 2001              VIKING GLOBAL INVESTORS LP

                                   --------------------------
                                   Brian T. Olson
                                   Title: Managing Director

                                   280 Park Avenue, 35th Floor
                                   New York, NY 10017

                                   Telephone: (212) 672-7020
                                   Facsimile: (212) 672-7080

Mutual Release Agreement by
and among Rhythms
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer,
and certain Consenting
Noteholders

                                       34
<Page>

Dated: August 1, 2001              LUTHERAN BROTHERHOOD HIGH YIELD
                                   FUND, BY LUTHERAN BROTHERHOOD
                                   RESEARCH CORP., ITS INVESTMENT ADVISOR

                                   LB SERIES FUND, INC. - HIGH
                                   PORTFOLIO, BY LUTHERAN
                                   BROTHERHOOD, ITS INVESTMENT ADVISOR

                                   --------------------------
                                   Name: Mark Simenstad
                                   Title: Vice President

                                   625 Fourth Avenue South
                                   Minneapolis, MN 55415

                                   Telephone: (612) 340-7000
                                   Facsimile: (612) 340-8408

Mutual Release Agreement by
and among Rhythms
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer,
and certain Consenting
Noteholders

                                       35
<Page>

Dated: August 1, 2001              CONTINENTAL CASUALTY COMPANY

                                   --------------------------
                                   Name: Richard W. Dubberke
                                   Title: Vice President

                                   333 South Wabash Avenue
                                   CNA Plaza - 23S
                                   Chicago, IL 60685

                                   Telephone: (312) 822-1337
                                   Facsimile: (312) 817-1680

Mutual Release Agreement by
and among Rhythms
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer,
and certain Consenting
Noteholders

                                       36
<Page>

Dated: August 1, 2001              CITADEL CREDIT TRADING LTD.
                                   BY: CITADEL LIMITED
                                   PARTNERSHIP, PORTFOLIO MANAGER
                                   BY: GLB PARTNERS, L.P.,
                                   ITS GENERAL PARTNER
                                   BY: CITADEL INVESTMENT
                                   GROUP, L.L.C., ITS GENERAL PARTNER

                                   --------------------------
                                   Name: Bradford B. Couri
                                   Title:  Director

                                   225 W. Washington
                                   Chicago, IL 60606

                                   Telephone: (312) 696-2063

                                       37
<Page>

Dated: August 1, 2001              CITADEL EQUITY FUND LTD.
                                   BY: CITADEL LIMITED
                                   PARTNERSHIP, PORTFOLIO MANAGER
                                   BY: GLB PARTNERS, L.P.,
                                   ITS GENERAL PARTNER
                                   BY: CITADEL INVESTMENT
                                   GROUP, L.L.C., ITS GENERAL PARTNER

                                   --------------------------
                                   Name: Bradford B. Couri
                                   Title:  Director

                                   225 W. Washington
                                   Chicago, IL 60606

                                   Telephone: (312) 696-2063

Mutual Release Agreement by
and among Rhythms
NetConnections, Inc.
and its affiliates, J.W.
Braukman, Steve Stringer,
and certain Consenting
Noteholders

                                       38
<Page>

                                       39<Page>

                           RHYTHMS NETCONNECTIONS INC.

                                   TERM SHEET

         This term sheet (this "TERM SHEET"), dated as of August 1, 2001
summarizes the general terms and conditions of a restructuring or an orderly
wind-down and distribution of proceeds of Rhythms NetConnections Inc.
("RHYTHMS," and together with its direct and indirect subsidiaries, the
"COMPANY") as agreed to by and among the Company, J.W. Braukman, Steve Stringer
(solely with respect to the treatment of their respective employment agreements
as described herein), and certain holders (the "NOTEHOLDERS") of the 12-3/4%
Senior Notes due 2009, the 13-1/2% Senior Discount Notes due 2008, and the 14%
Senior Notes due 2010 (collectively, the "NOTES"), all issued by Rhythms.

RESTRUCTURING PROCESS

     -   FILING DATE AND VOTING AGREEMENTS: The Company shall file petitions
         under chapter 11 of Title 11 of the United States Code, 11 U.S.C.
         Sections 101-1330 (as amended, the "BANKRUPTCY CODE") commencing
         reorganization cases (the "CHAPTER 11 CASES") on August 1, 2001 (the
         "FILING DATE") in the United States Bankruptcy Court for the Southern
         District of New York (the "BANKRUPTCY COURT"), PROVIDED THAT on or
         before the Filing Date, the Company shall have received executed voting
         agreements (the "VOTING AGREEMENT") from Noteholders holding or
         managing at least 60% (the "FILING MAJORITY") of the Notes (those
         Noteholders executing the Voting Agreement being referred to as the
         "CONSENTING NOTEHOLDERS"), which Voting Agreement shall be reasonably
         satisfactory in form and substance to the Company and the Consenting
         Noteholders; PROVIDED, HOWEVER, that the Company may commence the
         Chapter 11 Cases with less than the Filing Majority.

     -   FIRST-DAY ORDERS: On the Filing Date, the Company shall file, among
         other customary "first-day" motions (collectively, the "FIRST DAY
         MOTIONS"), a motion pursuant to sections 105 and 363 (the "SALE
         MOTION," and together with the First Day Motions, the "MOTIONS") of the
         Bankruptcy Code seeking the entry of an order establishing procedures
         for receiving bids for (i) an investment necessary to accomplish a
         stand-alone reorganization of the Company (a "REORGANIZATION BID"),
         (ii) a sale of the Company or all or substantially all of the assets of
         the Company (a "GOING CONCERN ASSETS BID") or (iii) a sale of select
         assets of the Company (a "SELECT ASSETS BID," and together with any
         Reorganization Bids and Going Concern Assets Bids, the "BIDS"). The
         Sale Motion shall set forth the procedure for bidding on the assets of
         the Company and may provide for appropriate bidding incentives such as
         customary break-up fees. If the form and substance of the First Day
         Motions are reasonably acceptable to the Consenting Noteholders, the
         Consenting Noteholders will support the entry of customary first-day
         orders authorizing such actions as the payment of prepetition wages,
         and enjoining the Company's utilities from discontinuing service and
         other similar

<Page>

         actions. The Company has provided copies of the Motions set forth on
         Exhibit D and the motion to assume the employment agreements of
         Messrs. Stringer and Braukman to the advisors for the Consenting
         Noteholders and such advisors have not objected to the form and
         substance thereof.

     -   AUCTION: The Company shall conduct an auction for consideration of the
         Bids (the "AUCTION") on the date (the "BID DATE") that is no later than
         forty-five (45) days from the Filing Date or on such later date as
         agreed to in writing by the Company and Consenting Noteholders holding
         a majority of the outstanding principal amount of the Notes held or
         managed by the Consenting Noteholders (a "COMMITTEE MAJORITY").

     -   TERMINATION NOTICE: If Noteholders holding or managing at least 66-2/3%
         of the Notes shall have executed the Voting Agreement, the Company
         shall provide the required 31-day advance notice of termination of
         service to its customers (the "SERVICE TERMINATION NOTICE") on or
         before August 10, 2001. In the event the Company provides the Service
         Termination Notice on or before August 10, 2001, accepts a Select
         Assets Bid, and otherwise complies with the provisions of this Term
         Sheet and the Voting Agreement, then the Company's equity holders will
         receive pursuant to a confirmed plan of reorganization or plan of
         liquidation (collectively, the "PLAN") the proceed allocations as
         calculated on Schedule B annexed hereto and as more fully described
         below; PROVIDED, HOWEVER, that if the Company fails to provide the
         Service Termination Notice to its customers on or before August 10,
         2001, revokes or otherwise withdraws or amends the Service Termination
         Notice, then the Voting Agreement and this Term Sheet shall
         automatically terminate and the provisions thereof and hereof shall be
         deemed null and void.

     -   Notwithstanding the foregoing, in the event the Company accepts a
         Reorganization Bid or a Going Concern Assets Bid that is not acceptable
         to a Committee Majority, then the Voting Agreement and this Term Sheet
         shall automatically terminate and the provisions thereof and hereof
         shall be deemed null and void.

     -   REDUCTION OF CASH BURN RATE: The Company will have reduced its cash
         burn rate to $1 million per day by July 1, 2001 and will further reduce
         its burn rate in accordance with the schedule set forth on Schedule A
         (the "CASH BURN SCHEDULE"), unless the terms of a bid acceptable to the
         Company and the Committee Majority require otherwise.

     -   TERMINATION EVENTS: "Noteholders' Termination Event", wherever used
         herein, means any of the following events (whatever the reason for
         such Noteholders' Termination Event and whether it will be voluntary
         or involuntary):

                  a.  the Company does not commence the Chapter 11 Cases on the
                      Filing

                                       2
<Page>

                      Date;

                  b.  the Company does not send the required Service Termination
                      Notice on or before August 10, 2001;

                  c.  the Company amends, withdraws or revokes the Service
                      Termination Notice or such notice is declared void or
                      ineffective

                  d.  the Company does not reduce its daily cash burn rate in
                      accordance with the time periods and amounts set forth on
                      the Cash Burn Schedule;

                  e.  the Company does not conclude the Auction and select the
                      winning bid(s) on or before September 14, 2001;

                  f.  the Company accepts or moves for approval of a
                      Reorganization Bid or Going Concern Assets Bid that is not
                      acceptable to a Committee Majority.

                  g.  the Company does not obtain Bankruptcy Court approval of
                      the successful bid(s) on or before September 21, 2001;

                  h.  the Company does not obtain Bankruptcy Court approval of a
                      disclosure statement (the "DISCLOSURE STATEMENT") for the
                      Plan on or before October 25, 2001;

                  i. the Bankruptcy Court does not confirm the Plan on or before
                     November 26, 2001;

                  j.  the Company does not commence distributions under the Plan
                      to the bondholder class on or before December 10, 2001;

                  k.  a trustee or examiner with enlarged powers shall have been
                      appointed under section 1104 or 105 of the Bankruptcy Code
                      for service in the Chapter 11 Cases;

                  l.  the Chapter 11 Cases shall have been converted to cases
                      under chapter 7 of the Bankruptcy Code;

                  m.  the Company shall have materially breached any provision
                      of the Voting Agreement or this Term Sheet, including, but
                      not limited to, ceasing to use its commercially reasonable
                      best efforts to obtain approval of the Disclosure
                      Statement and confirmation of the Plan;

                  n.  the Plan provides or is modified to provide for any terms
                      that are

                                       3
<Page>

                      materially adverse to or materially inconsistent with the
                      terms set forth in this Term Sheet, it being understood
                      that any improvement in the distribution to holders of the
                      Notes under the Plan shall not be deemed to be materially
                      adverse;

                  o.  after filing the Plan, the Company (i) submits a second or
                      amended plan of reorganization/liquidation that does not
                      incorporate all the terms and provisions of this Term
                      Sheet or (ii) moves to withdraw or withdraws the Plan;

                  p.  a transaction other than the structure contemplated by
                      this Term Sheet is approved by the Bankruptcy Court; and

                  q.  the Bankruptcy Court or any other court of competent
                      jurisdiction or governmental agency or body grants relief
                      that is materially inconsistent with this Term Sheet,
                      including, without limitation, a motion to vacate or
                      modify the automatic stay to seize or dissipate $2.5
                      million (exclusive of the Escrowed Funds (as defined
                      below) in unencumbered cash or cash equivalents of the
                      Company.

The foregoing Noteholders' Termination Events are intended solely for the
benefit of the Consenting Noteholders. Except as provided in the immediately
succeeding paragraph, all provisions of this Term Sheet, the Voting Agreement,
and the Restricted Period (as defined in section 5.02 of the Voting Agreement)
shall terminate automatically without the act of any Party upon the occurrence
of any of the Noteholders' Termination Events unless the occurrence of such
Noteholders' Termination Event is waived in writing within three (3) days of its
occurrence by a Committee Majority. If any Noteholders' Termination Event occurs
(and has not been waived) or the Company terminates this Term Sheet or the
Voting Agreement after the occurrence of a Company Termination Event at a time
when approval of the Bankruptcy Court shall be required for a Consenting
Noteholder to change or withdraw (or cause to be changed or withdrawn) its votes
to accept the Plan, the Company shall not oppose any attempt by such Consenting
Noteholder to change or withdraw (or cause to be changed or withdrawn) such
votes at such time. Except as with respect to a Survival Event (as defined
below) or unless such Noteholders' Termination Event is waived in accordance
with the terms hereof, upon the occurrence of a Noteholders' Termination Event
or a termination of this Term Sheet or the Voting Agreement by the Company after
the occurrence of a Company Termination Event, each of the Consenting
Noteholders shall have all rights and remedies available to it under the
Indentures, other documents relating to the Notes, as the case may be,
applicable law, or otherwise, with respect to any default under the Indentures
that may have occurred at any time prior to such event and which default has not
been waived or otherwise cured.

If the transactions contemplated by this Term Sheet and the Voting Agreement are
not consummated solely because the Plan does not satisfy the requirements of
section

                                       4
<Page>

1129(a) of the Bankruptcy Code, the Parties shall have the benefits of the
provisions of this Term Sheet other than the proceeds allocation provisions as
described herein as contemplated in Schedule B hereto, and such benefits shall
survive the termination of this Term Sheet and the Voting Agreement (such events
being "SURVIVAL EVENTS").

The Company shall, and shall cause each of its wholly owned subsidiaries at all
times to immediately advise the Consenting Noteholders of any breach of the
Voting Agreement or this Term Sheet by or on behalf of the Company or of the
occurrence of any Noteholders' Termination Event.

The waiver in writing by a Committee Majority of any condition hereunder or of
the occurrence of any Noteholders' Termination Event shall not relieve any other
Party of any liability or obligation with respect to any covenant or agreement
set forth in this Term Sheet or the Voting Agreement.

Notwithstanding anything to the contrary contained in this Term Sheet or the
Voting Agreement, to the extent that (i) a Consenting Noteholder is an
investment advisor or manager (the "ADVISOR") of a discretionary account (an
"ACCOUNT") that holds Notes and (ii) the owner of an Account directs the Advisor
to liquidate, transfer, or dispose of the Account or any securities contained
therein or to take any action that is inconsistent with this Term Sheet, this
Term Sheet and the Voting Agreement shall be deemed automatically terminated
with respect to such Account without any further action of any party and the
Advisor shall notify the Company in writing within three (3) days of such
occurrence; PROVIDED, HOWEVER, that, with respect to any transferee of the Notes
under this paragraph, the Advisor shall use its commercially reasonable best
efforts to obtain such transferee's agreement to assume all obligations of the
transferor hereunder. Notwithstanding anything to the contrary contained in this
Term Sheet or the Voting Agreement, a Consenting Noteholder may terminate the
Term Sheet and the Voting Agreement with respect to such Consenting Noteholder
if the fiduciary duties of such Consenting Noteholder, as reasonably determined
by such holder, to any investor, holder or beneficial owner of the Notes shall
require termination of the Term Sheet or Voting Agreement to support another
transaction that may enhance value for such investor, holder or beneficial
owner; PROVIDED, HOWEVER, that such transaction shall not include a liquidation
or wind-down transaction that does not incorporate a proceeds allocation for the
benefit of equity holders as contemplated in this Term Sheet.

Upon the occurrence of any Noteholders' Termination Event (unless such
Noteholders' Termination Event is waived in accordance with the terms hereof or
with respect to a Survival Event) or upon the Company's declaration of the
occurrence of a Company Termination Event, this Term Sheet and the Voting
Agreement shall terminate and, except as set forth in Section 15.11 thereof, no
Party (as defined in the Voting Agreement) shall have any continuing liability
or obligation to any other Party; PROVIDED, THAT, no such termination shall
relieve any Party from liability for its breach or non-performance of its
obligations hereunder prior to the date of such termination.

                                       5
<Page>

The Company shall have the right to terminate (a "COMPANY TERMINATION EVENT")
this Term Sheet and the Voting Agreement, by the giving of written notice to
each of the Consenting Noteholders, if the Voting Agreement is materially
breached by a Committee Majority or its fiduciary duties to all creditors and
other constituencies so requires.

PROCEEDS ALLOCATION

     -   Equity holders (preferred and common) will receive a share of the
         distributions made under the Plan on account of claims arising out of,
         or related to, the Notes (a "NOTEHOLDER CLAIM"), which Noteholder
         Claims will be separately classified under the Plan, which equity
         distributions shall be calculated according to Schedule B annexed
         hereto, and, subject to the performance of the Term Sheet and the
         Voting Agreement, such allocation shall apply irrespective of the form
         of plan of liquidation confirmed and the terms thereof. The allocation
         described in this paragraph is conditioned upon, among other things,
         the distribution of the escrowed monies held on account of certain
         issues of the Notes (the "ESCROWED FUNDS") to the holders thereof. The
         Escrowed Funds may be treated in a separate class under the Plan or may
         be distributed earlier to the holders of the Notes in accordance with
         the documents governing the Escrowed Funds or applicable law. The
         Company shall not seek or take any adverse actions against the Escrowed
         Funds.

RELEASES

     -   The Company, Messrs. Braukman and Stringer, and each of the Consenting
         Noteholders shall execute the Mutual Release Agreement (annexed to the
         Voting Agreement as Exhibit C). Upon the occurrence of a Noteholders'
         Termination Event (unless such Noteholders' Termination Event is waived
         in accordance with the terms hereof or with respect to a Survival
         Event) or in the event the Company terminates this Term Sheet or the
         Voting Agreement, any releases provided by the Consenting Noteholders
         shall be automatically deemed null and void.

     -   The Plan shall provide for mutual releases between the Company, Messrs.
         Braukman and Stringer, and each of the Consenting Noteholders, on
         substantially similar terms and conditions as set forth in the Mutual
         Release agreement (annexed to the Voting Agreement as Exhibit C), and
         such releases shall be effective as of the consummation date of the
         Plan.

COMPLIANCE WITH COLORADO WAGE ACT

     -   A severance trust (the "SEVERANCE TRUST") in the amount of $7.4 million
         has been established and shall be supported by the Consenting
         Noteholders in the Bankruptcy Court (and shall not be opposed by the
         Consenting Noteholders in any other court, proceeding or otherwise).
         The Company shall not increase or seek to increase the Severance Trust
         through further contributions or otherwise.

                                       6
<Page>

     -   An employee retention trust (the "RETENTION TRUST," and together with
         the Severance Trust, the "TRUSTS") in the amount of $7 million has been
         established and shall be supported by the Consenting Noteholders in the
         Bankruptcy Court in the Bankruptcy Court (and shall not be opposed by
         the Consenting Noteholders in any other court, proceeding or
         otherwise). The Company shall not increase or seek to increase the
         Retention Trust through further contributions or otherwise.

     -   The severance and retention portions of the employment agreements of
         Steve Stringer, Chief Operating Officer and Acting Chief Executive
         Officer, and J.W. Braukman, Executive Vice President and Chief
         Financial Officer, shall be assumed under section 365 of the Bankruptcy
         Code and shall be administrative obligations of the Company as modified
         in accordance with the amended and restated employment agreements
         annexed hereto as Exhibit C (Exhibits A&B are referred to herein as
         Schedules A&B). The Company shall indemnify Steve Stringer and J.W.
         Braukman for all liabilities arising under the Colorado Wage Act;
         PROVIDED, HOWEVER, that such indemnification rights first shall be
         satisfied by the distributions from the Trusts and second (and lastly)
         by an amount not to exceed $1.625 million (solely to satisfy claims
         relating to six senior executives without duplication or increase). The
         Debtors may file a motion on the Filing Date to approve the employment
         agreements (as modified) to be heard at the same time as the Court
         establishes procedures for the Auction, and such motion, to the extent
         it seeks approval of the terms set forth above, shall be supported by
         the Consenting Noteholders.

     -   Other than the Trusts and Messrs. Braukman's and Stringer's employment
         agreements (as amended by Exhibit C hereto), the Company shall not
         implement or seek authority to implement any additional employee
         retention, severance benefits or other compensatory programs without
         the consent of a Committee Majority.

     -   Upon the occurrence of a Noteholders' Termination Event (unless such
         Noteholders' Termination Event is waived in accordance with the terms
         hereof or with respect to a Survival Event) or in the event the Company
         terminates this Term Sheet or the Voting Agreement, the Consenting
         Noteholders obligation to support the Trusts shall automatically
         terminate.

CONFIDENTIALITY PROVISIONS

     -   All information obtained in the course of the negotiations leading up
         to this Term Sheet and the Voting Agreement shall be treated as
         confidential information pursuant to the confidentiality agreements
         previously executed by and among the Company and the Consenting
         Noteholders (the "CONFIDENTIALITY AGREEMENTS"), which Confidentiality
         Agreements are incorporated by reference as if fully set forth herein.

                                       7
<Page>

     -   The release date contained in the Confidentiality Agreements will
         hereby be extended to the Filing Date.

IMPLEMENTATION

     -   The Consenting Noteholders and the Company will implement this Term
         Sheet through the Voting Agreement. The Voting Agreement will, among
         other things, contain fiduciary duty exclusions with respect to the
         rights and duties of the members of the board of directors and for a
         Consenting Noteholder's service on an official committee of unsecured
         creditors or in furtherance of duties owed to investors.

     -   In the event a Consenting Noteholder assigns its Noteholder Claim to a
         third party, such third party assignor must agree to be bound by the
         Voting Agreement, subject to the exceptions for Advisors of accounts
         set forth in the Noteholders' Termination Events section of this Term
         Sheet.

                                       8
<Page>

                                   SCHEDULE A

<Table>
<Caption>
                                                                   Burn Rate per Day for the Periods
                              ----------------------------------------------------------------------------------------------------
                               July 1, 2001 -     August 1, 2001 -    August 10, 2001 -    Sept 12, 2001 -     October 1, 2001 -
                              July 31, 2001(1)    August 9, 2001        Sept 11, 2001      Sept 30, 2001(2)   December 11, 2001(3)
<S>                           <C>                 <C>                 <C>                  <C>                <C>
SPENDING CATEGORY
Network COGS                   $   475,000           $ 475,000           $ 475,000            $      --             $     --
Payroll                            200,000 (4)         200,000              90,000 (5)           25,000 (6)           25,000
Equipment Leases                   200,000             150,000 (7)         150,000                   --                   --
Capital Expenditures               100,000              70,000 (8)          50,000 (8)           50,000                   --
Other SG&A                         100,000              75,000 (9)          75,000               75,000               75,000
Net Other                          (75,000)(10)        (75,000)            (75,000)             (20,000)             (20,000)
                               -----------           ---------           ---------            ---------             --------
TOTAL BURN PER DAY             $ 1,000,000           $ 895,000           $ 765,000            $ 130,000             $ 80,000

</Table>

NOTES

-------------------

1)   Excludes employees' trusts for retention & severance (with reversionary
     interest) established on or before July 20, 2001, PTO and bonuses and any
     WARN Act liabilities (of which the company believes there will be none)

2)   Complete transfer of lines / network OR shut down network, finish building
     construction

3)   90 day winddown period

4)   990 employees

5)   250 employees

6)   70 employees

7)   Reject GATX 1981 ($1.5 million / month); continue paying GATX 1903 & Cisco
     as long as equipment is being used

8)   Suspend all IT and Network spending; estimate 30 days "lag" time

9)   Stop payments on excess building leases; restrict all T&E; increased
     professional fees

10)  Collections at $4-5 million per month (assumes current collections rate);
     interest income; CO grooming labor

<Page>

                 SCHEDULE B: PROPOSED ALLOCATION OF PROCEEDS(1)
                                 ($ IN MILLIONS)

<Table>
<Caption>
PERCENT RECOVERY TO      BONDHOLDER AGGREGATE     INCREMENTAL SHARED        ADDITIONAL            AGGREGATE
    BONDHOLDERS            RECOVERY AMOUNTS          PERCENTAGE OF          INCREMENTAL        DOLLARS SHARED
                                                  BONDHOLDER RECOVERY      DOLLARS SHARED      WITH EQUITY(2)
<S>                      <C>                      <C>                      <C>                 <C>
    0.0% - 2.8%                 $0-24.999                3.50%                   --             $0.0 - $0.9
    2.8% - 5.7%                $25-49.999                3.50%                   --             $0.9 - $1.8
    5.7% - 8.5%                $50-74.999                3.50%                   --             $1.8 - $2.6
    8.5% - 11.3%               $75-99.999                3.50%                   --             $2.6 - $3.5
   11.3% - 14.2%              $100-124.999               5.50%                  0.0             $3.5 - $4.9
   14.2% - 17.0%              $125-149.999               5.50%                   --             $4.9 - $6.3
   17.0% - 19.9%              $150-174.999               5.50%                   --             $6.3 - $7.6
   19.9% - 22.7%              $175-199.999               5.50%                   --             $7.6 - $9.0
      22.7% +                $200 and above              7.50%                   --               $9.0 +
</Table>

-------------------

(1)  All amounts exclude $41.4 million in escrowed interest.

(2)  Payments of amounts to equity will be shared ratably among all members of
     the bondholder class.

<Page>

                                    EXHIBIT C

                    (TO TERM SHEET - EMPLOYMENT AGREEMENTS)
<Page>

                                    EXHIBIT D

                         (TO TERM SHEET - MOTION INDEX)
<Page>

                                    EXHIBIT D

       SCHEDULE OF MOTIONS PROVIDED TO ADVISORS TO CONSENTING NOTEHOLDERS

<Table>
<Caption>
                                                                                TAB
<S>                                                                             <C>
Rhythms NetConnections Inc. Petition ...........................................   1

Rhythms Links Inc. Petition ....................................................   2

Rhythms Links Inc. -Virginia Petition ..........................................   3

Rhythms Leasing Inc. Petition ..................................................   4

RCanada, Inc. Petition .........................................................   5

Affidavit of J. W. Braukman III Pursuant to Local Bankruptcy Rule 1007-2 .......   6

Order Pursuant to Local Rule 1007-2(e) Scheduling Initial Case
Conference and Other Hearing Dates .............................................   7

Joint Administration ...........................................................   8
-MOTION
-ORDER

Extending Time to File Schedules of Assets and Liabilities,
Schedules of Current Income and Expenditures, Schedules of Executory
Contracts and Unexpired Leases, and Statements of Financial Affairs ............   9
-MOTION
-ORDER
-EXHIBIT A: AFFIDAVIT AND DISCLOSURE STATEMENT OF PAUL BASTA ON BEHALF OF WGM
-EXHIBIT B: RETENTION CHECKLIST

Notice Procedures ..............................................................  10
-MOTION
-ORDER
-MASTER SERVICE LIST

Authorization to (A) Maintain Existing Bank Accounts
and (B) Continue Centralized Cash Management Systems ...........................  11
-MOTION
-ORDER
-EXHIBIT A: RHYTHMS NETCONNECTIONS BANK ACCOUNTS
</Table>
<Page>

<Table>
<S>                                                                             <C>
Prepetition Employee Obligations ...............................................  12
-MOTION
-ORDER

WGM Retention ..................................................................  13
-APPLICATION
-ORDER
-EXHIBIT A: AFFIDAVIT AND DISCLOSURE STATEMENT OF PAUL BASTA ON BEHALF OF WGM
-EXHIBIT B: RETENTION CHECKLIST

Brownstein Hyatt & Farber, P.C .................................................  14
-APPLICATION
-ORDER
-EXHIBIT A: AFFIDAVIT OF JOHN L. RUPPERT
-EXHIBIT B: RETENTION CHECKLIST

[Intentionally Omitted] ........................................................  15

PricewaterhouseCoopers LLP .....................................................  16
-APPLICATION
-ORDER
-EXHIBIT A: AFFIDAVIT OF DAVID R. WILLIAMS
-EXHIBIT B: DISPUTE RESOLUTION PROCEDURES

Blumenfeld & Cohen .............................................................  17
-APPLICATION
-ORDER
-AFFIDAVIT OF KUNIN

Matzov, Salzman, Madoff & Gunn .................................................  18
-APPLICATION
-ORDER
-AFFIDAVIT OF MSMG

Ordinary Course Professionals ..................................................  19
-MOTION
-ORDER
-EXHIBIT A: LIST OF ORDINARY COURSE PROFESSIONALS
-EXHIBIT B: RETENTION QUESTIONAIRE

Interim Compensation ...........................................................  20
-MOTION
-ORDER

Bankruptcy Services L.L.C ......................................................  21
</Table>

                                       2
<Page>

<Table>
<S>                                                                             <C>
-APPLICATION
-ORDER
-EXHIBIT A: BSI AGREEMENT
-EXHIBIT B: THE GERBER AFFIDAVIT

Utilities ......................................................................  22
-MOTION
-ORDER
-EXHIBIT A: RHYTHMS NETCONNECTIONS UTILITIES

Investment Practices ...........................................................  23
-APPLICATION
-ORDER
-EXHIBIT A: INVESTMENT GUIDELINES
-EXHIBIT B: INVESTMENT ACCOUNTS

Sale Motion ....................................................................  24
-MOTION
-ORDER
-AFFIDAVIT
-EXHIBIT A: AUCTION PROCEDURES
-EXHIBIT B: NOTICE OF AUCTION PROCEDURES, AUCTION DATE, AND SALE HEARING
-EXHIBIT C: ASSET PURCHASE AGREEMENT
-EXHIBIT D: PURCHASE AGREEMENT
-EXHIBIT E: AGREEMENT TO ASSIGN AND ASSUME

Assumption of Two Executive Employment Agreements ..............................  25
-MOTION
-ORDER
</Table>

                                       3

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