Document:

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                                                                    EXHIBIT 10.1

        THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED PURSUANT TO THE
SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW, AND SUCH
SECURITIES MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS THE SAME
ARE REGISTERED AND QUALIFIED IN ACCORDANCE WITH THE SECURITIES ACT AND ANY
APPLICABLE STATE SECURITIES LAWS, OR AN EXEMPTION FROM SUCH REGISTRATION AND
QUALIFICATION IS AVAILABLE. HEDGING TRANSACTIONS INVOLVING THE SECURITIES
OFFERED HEREBY MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES
ACT.

                          SECURITIES PURCHASE AGREEMENT

        This Securities Purchase Agreement (this "Agreement") is entered into as
of February 20, 2002 between Motorola, Inc., a Delaware corporation (the
"Purchaser"), and Next Level Communications, Inc., a Delaware corporation (the
"Company").

        Whereas the Company designs and markets broadband communications
equipment that enables telephone companies and other communications service
providers to cost-effectively deliver a full suite of voice, high-speed data and
digital video services over the existing copper telephone wire infrastructure,
as described in the Company's Annual Report on Form 10-K for the period ending
December 31, 2000 filed on March 19, 2001, and the other documents of the
Company on file with the United States Securities and Exchange Commission
(together, the "SEC Documents"); and

        Whereas the Company desires to sell to the Purchaser, and the Purchaser
desires to acquire: (i) shares of the Company's duly authorized Series A
Convertible Preferred Stock (the "Series A Preferred") and (ii) warrants to
purchase shares of common stock, par value $0.01 per share, of the Company (the
"Common Stock"), pursuant to an exemption from registration under the United
States Securities Act of 1933, as amended (the "Securities Act"), provided by
Rule 506 of Regulation D promulgated thereunder ("Regulation D").

        Now, therefore, in consideration of the premises and of the mutual
covenants and agreements contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and
intending to be legally bound hereby, the parties agree as follows:

                                   SECTION 1.
                    ISSUANCE OF THE SHARES AND THE WARRANTS.

        1.1 Purchase and Sale of Securities; the Closing. In reliance upon the
representations of the Company contained in Section 1.2 and the representations
of the Purchaser contained in Section 1.3, and subject to the terms and
conditions described herein, the Company shall sell to the Purchaser and the
Purchaser shall purchase from the Company: (i) 6,912,442 shares of Series A
Preferred (the "Shares"), at a purchase price per share of $4.34; and (ii)(A) a
warrant to purchase 3,456,221 shares of Common Stock at an exercise price per
share equal to $2.17, and upon other terms as provided in the form attached
hereto as Exhibit A, and (B) a warrant to purchase 3,456,221 shares of Common
Stock at an exercise price per share equal to

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$2.60, and upon other terms as provided in the form attached hereto as Exhibit A
(the warrants described in this clause (ii), the "Warrants"). (The Shares, the
Warrants and the Common Stock underlying the Shares and the Warrants are
referred to herein collectively as the "Securities"). The Shares and the
Warrants shall be sold to the Purchaser in consideration of the payment by the
Purchaser to the Company of Thirty Million United States Dollars (US$30,000,000)
(the "Purchase Price"). The Shares shall be convertible into Common Stock at an
initial conversion ratio of two shares of Common Stock for each Share (as
further provided in the Certificate of Designation, Rights and Preferences of
the Series A Convertible Preferred Stock in the form attached hereto as Exhibit
B (the "Certificate")). The closing (the "Closing") of the purchase and sale of
the Securities shall be held as of 10:00 a.m., local time on February 20, 2002
(the "Closing Date"), at the Los Angeles offices of Arnold & Porter, counsel to
the Purchaser, or at such other time or place or on such other date as the
parties hereto may mutually agree.

        On the Closing Date, the Purchaser will deliver to the Company
immediately available funds in the amount of the Purchase Price by wire transfer
to such Company account as is designated by the Company in writing. On the
Closing Date, the Company will deliver to the Purchaser executed Warrants,
certificates representing the Shares in proper legal form and a registration
rights agreement with respect to the Common Stock underlying the Shares and the
Warrants in the form attached hereto as Exhibit C (the "Registration Rights
Agreement").

        1.2 Representations and Warranties of the Company.

        The Company represents and warrants to the Purchaser that on the date
hereof and as of the Closing Date:

           (a) The Company is a corporation duly organized, validly existing and
in good standing under the laws of the State of Delaware and is duly qualified
as a foreign corporation in each jurisdiction in which the character of the
properties owned or held under lease by it or the nature of the business
transacted by it requires such qualification and in which the failure so to
qualify would (x) adversely affect the legality, validity or enforceability of
this Agreement or the related transaction documents, (y) have or result in a
material adverse effect on the results of operations, assets or condition
(financial or otherwise) of the Company and its subsidiaries, taken as a whole,
or (z) adversely impair the Company's ability to perform fully on a timely basis
its obligations under this Agreement or any of the related transaction documents
(any of (x), (y) or (z), a "Material Adverse Effect"). For purposes of this
Agreement, Material Adverse Effect will not include general economic and
industry conditions. The Company has all requisite power to transact the
business it transacts and proposes to transact, to execute and deliver this
Agreement and all other documents and agreements contemplated hereby and
thereby, and to perform the provisions hereof and thereof and to consummate the
transactions contemplated hereby and thereby.

           (b) The execution, delivery and performance of this Agreement and all
other documents and agreements contemplated hereby to be executed, delivered and
performed by the Company, and the consummation of the transactions contemplated
hereby or thereby, have been duly authorized and approved by the Company. This
Agreement and all other documents and agreements contemplated hereby to be
executed and delivered by the Company have each been duly authorized, executed
and delivered by, and each is the valid and binding obligation of, the

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Company, enforceable against it in accordance with its terms, except as may be
limited by applicable bankruptcy, reorganization, insolvency, moratorium or
other similar laws or by legal or equitable principles relating to or limiting
creditors' rights generally.

           (c) The authorized capital stock of the Company is 400,000,000 shares
of Common Stock, par value $.01 per share, of which approximately 86,000,000
shares are issued and outstanding as of the date hereof; 70,000,000 shares of
Class B Non-Voting Common Stock, par value $.01 per share, none of which are
issued and outstanding; and 10,000,000 shares of preferred stock, par value $.01
per share of which none will be issued and outstanding immediately prior to the
close and of which 9,000,000 shares have been designated as Series A Preferred.
The Shares will, when issued, be duly and validly issued, fully paid and
nonassessable; the Common Stock underlying the Shares will, when issued upon
conversion, be duly and validly issued, fully paid and nonassessable; and the
Common Stock underlying the Warrants will, when issued upon exercise, be duly
and validly issued, fully paid and nonassessable. As of the Closing Date, except
as disclosed in the SEC Documents and except, with respect to clause (i), the
stock options issued pursuant to existing stock option plans that have been
previously disclosed in writing to the Purchaser, (i) the Company will not have
outstanding any stock or securities convertible or exchangeable for any shares
of its capital stock other than the Warrants and will not have outstanding any
rights or options to subscribe for or to purchase its capital stock or any stock
or securities convertible into or exchangeable for its capital stock, other than
the Warrants; (ii) the Company will not be subject to any obligation (contingent
or otherwise) to repurchase or otherwise acquire or retire any shares of its
capital stock, except with respect to the Series A Preferred Stock; (iii) there
are no statutory or contractual stockholders' preemptive rights or other similar
rights with respect to the issuance of the Warrants hereunder; and (iv) there
are no agreements among the Company's stockholders with respect to the voting or
transfer of the company's capital stock. The Company will use the proceeds from
the sale of the Securities to finance current operations and not to make any
payments or distributions to debt or equity holders, in their capacity as such,
other than to the Purchaser.

           (d) The consummation of the transactions contemplated by this
Agreement and the performance of the terms and provisions of this Agreement and
the other documents and agreements contemplated hereby or thereby will not: (i)
contravene, result in any breach of, or constitute a default under any
indenture, mortgage, deed of trust, bank loan or credit agreement, corporate
charter, bylaws or other material agreement or instrument to which the Company
is a party or by which the Company or any of its properties is bound; (ii)
conflict with or result in a breach of any of the terms, conditions or
provisions of any order of any court, arbitrator or federal, state, municipal or
other governmental department, commission, board, bureau, agency or
instrumentality, domestic or foreign (collectively, "Governmental Person")
applicable to the Company; (iii) violate any material provision of any statute
or other rule or regulation of any Governmental Person applicable to the
Company; (iv) violate or conflict with the terms of any "lockup" or similar
provision of any underwriting or similar agreement to which the Company or its
subsidiaries is a party; and (v) result in the creation or imposition of any
lien, claim or other encumbrance upon any of the assets of the Company.

           (e) No consent, approval or authorization of, or registration, filing
or declaration with, any person or entity not obtained as of the Closing Date is
required for the

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transfer, sale or issuance of the Securities or the valid delivery of the
Securities or for the performance by the Company of this Agreement and the other
documents and agreements contemplated hereby, other than the filings,
registrations or qualifications under securities laws or that may be required to
be made or obtained in connection with the offers, transfer, sale or delivery of
the Securities or any interest therein. Neither the Company nor any of its
affiliates, nor any person acting on its or their behalf has offered or will
offer or sell the Securities in the United States by means of any form of
general solicitation or general advertising within the meaning of Rule 502(c)
under the Securities Act.

           (f) Upon issuance (including payment of the purchase or exercise
price therefor), the Purchaser shall acquire good and marketable title to the
Securities free and clear of all covenants, conditions, restrictions, taxes,
security interests, liens, pledges, charges, encumbrances, rights of first
refusal, options and adverse claims or rights of any kind whatsoever arising
through the Company or pursuant to any agreement entered into by the Company.

           (g) The Securities have been duly and validly authorized will not
subject the holders thereof to personal liability solely by reason of being such
holders.

           (h) There is no pending or, to the actual knowledge of the Company,
threatened action, suit, proceeding or investigation before any Governmental
Person having jurisdiction over the Company that would or (i) adversely affect
the Company's execution or performance under this Agreement or the Warrants or
(ii) except as set forth in the SEC Documents, materially adversely affect the
results of the operations of the Company. Since the date of the latest audited
financial statements included in the SEC Documents, except as specifically
disclosed in the SEC Documents or public earnings announcements as of the date
of this Agreement, (a) there has been no event, occurrence or development that
has or that is reasonably likely to result in a Material Adverse Effect, (b) the
Company has not incurred any liabilities (contingent or otherwise) other than
(x) liabilities incurred in the ordinary course of business consistent with past
practice and (y) liabilities not required to be reflected in the Company's
financial statements pursuant to United States generally accepted accounting
principles or required to be disclosed in filings made with the Securities and
Exchange Commission, (c) the Company has not altered its method of accounting or
the identity of its auditors, (d) the Company has not declared or made any
payment or distribution of cash or other property to its stockholders or
officers or directors (other than in compliance with existing Company stock
option plans) with respect to its capital stock, or purchased, redeemed (or made
any agreements to purchase or redeem) any shares of its capital stock. The
Company has not taken any steps, and does not currently expect to take any
steps, to seek protection pursuant to any bankruptcy law nor does the Company
have any knowledge or reason to believe that its creditors intend to initiate
involuntary bankruptcy proceedings.

           (i) The SEC Documents consisting solely of the Company's Annual
Report on Form 10-K for the period ending December 31, 2000 and all filings of
the Company with the Securities and Exchange Commission made thereafter (i) were
prepared in all material respects in accordance with the requirements of the
Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as
amended, as the case may be, and (ii) did not at the time they were filed (or if
amended or superseded by a filing prior to the date of this Agreement, then on
the date of such filing) contain any untrue statement of a material fact or omit
to state a material fact

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required to be stated therein or necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not
misleading.

           (j) No broker's or finder's or placement fee or commission will be
payable to any broker or agent engaged by the Company or any of its officers,
directors or agents with respect to the issue of the Securities or the
transactions contemplated by this Agreement. The Company agrees to indemnify the
Purchaser and its agents and hold them harmless from and against any claim,
demand or liability for broker's or finder's or placement fees or similar
commissions, whether or not payable by the company, alleged to have been
incurred in connection with such transactions, other than any broker's or
finder's fees payable to persons engaged by the Purchaser without the knowledge
of the Company.

           (k) All representations and warranties of the Company set forth in
this Agreement, the Warrants and the Registration Rights Agreement are true and
correct and do not contain any untrue statement of a material fact or omit to
state any material fact necessary in order to make the statements made therein,
in light of the circumstances under which they were made, not misleading.

        1.3 Representations, Warranties and Covenants of the Purchaser.

        The Purchaser represents, warrants and covenants to the Company that on
the date hereof, as of the Closing Date and as of the date of any conversion of
the Shares, exercise of the Warrants or any transfer of the Securities by it:

           (a) The Purchaser has all requisite power to execute and deliver this
Agreement and any Securities exercised or converted, and all other documents and
agreements contemplated hereby and thereby, and to perform the provisions hereof
and thereof and to consummate the transactions contemplated hereby and thereby.

           (b) The execution, delivery and performance of this Agreement and any
Securities exercised or converted, and all other documents and agreements
contemplated hereby and thereby, and the consummation of the transactions
contemplated hereby or thereby, have been and will be prior to such exercise or
conversion duly authorized and approved by the Purchaser. This Agreement, and
all other documents and agreements contemplated hereby, including any Securities
exercised or converted, have each been, or will be upon exercise or conversion,
duly authorized, executed and delivered by, and each is the valid and binding
obligation of, the Purchaser enforceable against the Purchaser in accordance
with its terms, except as may be limited by applicable bankruptcy,
reorganization, insolvency, moratorium or other similar laws or by legal or
equitable principles relating to or limiting creditors' rights generally.

           (c) The Purchaser is an "accredited investor" within the meaning of
Regulation D under the Securities Act, and is acquiring the Securities for
investment for its own account, and not with a view to distribution subject,
nevertheless, to any requirement of law that the disposition of its property
shall at all times be within its control. The Purchaser has such knowledge and
experience in financial and business matters that it is capable of evaluating
the merits and risks of purchasing the Securities. The Purchaser is aware that
it may be required to

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bear the economic risk of an investment in the Securities for an indefinite
period, and it is able to do so. The Purchaser acknowledges (i) that the
Securities being acquired by it are not being registered under the Securities
Act on the grounds that (A) the offer and sale of the Securities are exempt from
registration under Section 4(2) of the Securities Act as not involving any
public offering, or (B) such issuance is exempt from registration under Rule 506
of Regulation D and (ii) the Company's reliance on such exemptions is predicated
in part on the representations made to the Company by the Purchaser in this
Section 1.3.

           (d) The Purchaser acknowledges and agrees that until one year after
the conclusion of the transactions contemplated hereby, an offer or sale of the
Securities within the United States may violate the registration requirements of
the Securities Act if such offer or sale is made otherwise than in accordance
with Rule 144 under the Securities Act or pursuant to an effective registration
statement under the Securities Act. The Purchaser acknowledges that the
exemption from registration provided by Rule 144 may not be available.

                                   SECTION 2.
                   CONDITIONS TO OBLIGATIONS OF THE PURCHASER.

        The Purchaser's obligation to purchase and pay for the Shares and the
Warrants on the Closing Date shall be subject to the satisfaction on or before
the Closing Date of the following conditions:

        2.1 Proceedings Satisfactory. All proceedings taken on or prior to the
Closing Date in connection with the issuance of the Shares and the Warrants and
the consummation of the transactions contemplated hereby and all documents and
papers relating thereto shall be reasonably satisfactory in form and substance
to the Purchaser and its counsel. Without limiting the generality of the
foregoing, (i) all shareholder approvals required in connection with the Shares
and the Warrants shall have been obtained, (ii) all board of director approvals
required in connection with the Shares and the Warrants shall have been
obtained, including, without limitation, approval of an independent committee of
the Company's board of directors as advised by an independent financial advisor,
(iii) any required filings and approvals under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, shall have been made or obtained, as
applicable, (iv) any required filings and approvals under the NASD rule 4350, as
amended, shall have been made or obtained, as applicable, and (v) any required
filings and approvals with respect to any other third party shall have been made
or obtained, as applicable.

        2.2 Representations True. All representations and warranties of the
Company contained herein shall be true and correct in all respects on and as of
the Closing Date with the same effect as though such representations and
warranties had been made on and as of the Closing Date and the Company shall
have performed in all respects all agreements on its part required to be
performed under this Agreement on or prior to the Closing Date.

        2.3 The Purchase by the Purchaser Permitted by Applicable Laws. The sale
and the payment for the Shares and the Warrants: (i) shall not be prohibited by
any applicable law or governmental regulation, release, interpretation or
opinion; (ii) shall not subject the Purchaser to

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any penalty under or pursuant to any applicable law or governmental regulation;
and (iii) shall be permitted by the laws and regulations of the jurisdictions to
which the Purchaser is subject.

        2.4 Execution and Delivery of Documents. The Purchaser shall have
received, duly executed and delivered and in form and substance reasonably
satisfactory to the Purchaser and its counsel: (i) certificates representing the
Shares, (ii) the Warrants, (iii) the Registration Rights Agreement, (iv)
evidence that the Certificate of Designation for the Series A Preferred has been
filed on or prior to the Closing Date with the Secretary of State of the State
of Delaware, and (v) such other documents and information as the Purchaser may
reasonably request.

        2.5 No Material Adverse Effect. Except as previously disclosed in the
SEC Documents or public earnings announcements as of the date of this Agreement,
since December 31, 2000, there has been no event, occurrence or development that
has or that is reasonably likely to result in a Material Adverse Effect. In
addition, no investigation, action, suit or proceeding shall have been
threatened or instituted against the Company or the Purchaser, which, in any
such case, in the judgment of the Purchaser, challenges, or might result in a
challenge to, the consummation of the transactions contemplated hereby, or which
claims, or might give rise to a claim for, damages against the Purchaser as a
result of the consummation of such transactions.

        2.6 Fees and Expenses. The Company shall have paid the fees and expenses
of the Purchaser described in Section 3.3 that have accrued as of the Closing
Date.

                                   SECTION 3.
                                   COVENANTS.

        The Company covenants and agrees that both before and after the issuance
of the Shares and the Warrants:

        3.1 Corporate Existence. The Company will do or cause to be done all
things necessary to preserve and keep in full force and effect the Company's
corporate existence in accordance with the rights (charter and statutory),
licenses and franchises of the Company; provided, however, that the foregoing
shall not restrict any merger involving the Company, whether or not it is the
surviving corporation.

        3.2 Compliance with Laws. The Company shall comply in all respects with
all applicable laws, statutes and regulations of any Governmental Person, a
violation of which would result in a Material Adverse Effect.

        3.3 Payment of Expenses. In the event the transactions contemplated by
this Agreement are consummated, the Company shall promptly pay to the Purchaser
all reasonable costs and out-of-pocket expenses of the Purchaser, including
without limitation its reasonable attorneys' fees, incurred in connection with
the negotiation, preparation, execution and delivery of this Agreement, the
Certificates representing the Shares, the Warrants and any other documents
related to the Purchaser's investment in the Company, and defense or enforcement
costs related thereto.

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        3.4 Public Information. The Company shall make available at all times
current public information with respect to the Company within the meaning of
Rule 144(c) under the Securities Act.

        3.5 Encumbrances. The Company shall cause the Securities to be, upon
delivery, conversion or exercise, as the case may be, fully paid, nonassessable,
free of preemptive rights and free from all taxes, liens, charges, security
interests, rights of first refusal or other encumbrances arising through the
Company or pursuant to any agreement entered into by the Company.

        3.6 Authorization. The Company will have at all times authorized and
reserved for issuance, free from preemptive rights, a sufficient number of
shares of Common Stock to satisfy the conversion and exercise rights of the
Purchaser pursuant to the terms and conditions of the Certificate and the
Warrants and to satisfy the issuance of any other shares of Common Stock that
are reserved for issuance or that are issuable upon the exercise, conversion,
exchange or satisfaction of any outstanding securities or obligations or rights
of the Company. The Company shall not issue any of its Series A Preferred to any
person other than the Purchaser and shall not issue any other sub-Series of its
Series A Preferred to any other person if, after such issuance, the Purchaser
would not then hold a majority of the Series A Preferred.

                                   SECTION 4.
                                     TAXES.

        The Company will pay all taxes (including interest and penalties), other
than taxes imposed on the income of the Purchaser, which may be payable in
respect of the execution and delivery of this Agreement or of the execution and
delivery (but not the subsequent transfer) of any of the Securities or of any
amendment of, or waiver or consent under or with respect to, this Agreement or
of any of the Securities and will save the Purchaser and all subsequent holders
of the Securities harmless against any loss or liability resulting from
nonpayment or delay in payment of any such tax.

                                   SECTION 5.
                                 MISCELLANEOUS.

        5.1 Private Placement; Legend. The Purchaser acknowledges and agrees
that the Securities have not been registered under the Securities Act and, to
the extent they constitute securities subject to registration under Section 5 of
the Securities Act, may not be offered or sold unless registered under the
Securities Act, or an exemption from such registration requirements is
available. The certificates or instruments representing or evidencing the Shares
shall bear a legend in substantially the following form, unless counsel to the
Company shall have advised the Company that such legend is no longer needed:

        THE SECURITIES REPRESENTED BY THIS CERTIFICATE AND THE SECURITIES
        ISSUABLE UPON EXERCISE HEREOF ARE SUBJECT TO A SECURITIES PURCHASE
        AGREEMENT DATED AS OF FEBRUARY 20, 2002, (THE "SECURITIES PURCHASE
        AGREEMENT") A COPY OF WHICH IS ON FILE AT THE

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        PRINCIPAL OFFICE OF THE COMPANY AND WILL BE FURNISHED TO THE
        HOLDER ON REQUEST TO THE SECRETARY OF THE COMPANY.

        THE SECURITIES REPRESENTED BY THIS CERTIFICATE AND THE SECURITIES
        ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE
        SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE SECURITIES
        LAW, AND SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
        DISPOSED OF UNLESS THE SAME ARE REGISTERED AND QUALIFIED IN ACCORDANCE
        WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR IN THE OPINION
        OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY SUCH REGISTRATION AND
        QUALIFICATION ARE NOT REQUIRED UNDER THE ACT AND APPLICABLE STATE
        SECURITIES LAW.

The Warrants shall bear a legend in substantially the following form, unless
counsel to the Company shall have advised the Company that such legend is no
longer needed:

        THIS WARRANT AND ANY SECURITIES ACQUIRED UPON THE EXERCISE OF THIS
        WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
        AMENDED, OR UNDER ANY STATE SECURITIES LAWS. IN ADDITION TO THE OTHER
        RESTRICTIONS ON TRANSFER SET FORTH HEREIN, NEITHER THIS WARRANT NOR
        THOSE SECURITIES, NOR ANY INTEREST THEREIN, MAY BE OFFERED, SOLD,
        TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN
        EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND SUCH LAWS OR AN
        EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS THAT, IN THE
        OPINION OF COUNSEL FOR THE WARRANTHOLDER, WHICH COUNSEL AND OPINION ARE
        REASONABLY SATISFACTORY TO COUNSEL FOR THIS CORPORATION, IS AVAILABLE.

        5.2 Indemnification. The Company agrees to indemnify, defend and hold
harmless the Purchaser and its successors, assigns, subsidiaries, affiliates and
all of the officers, directors, employees, partners and agents (including
attorneys and accountants) of each of the aforementioned persons or entities,
and each of them, from and against any and all losses, claims, damages,
liabilities, expenses, demands, causes of action, suits, debts, obligations,
rights, promises, acts, agreements and damages of any kind or nature whatsoever,
whether at law or in equity, whether known or unknown, foreseen or unforeseen,
heretofore or hereafter arising out of, relating to, connected with or
incidental to the failure of any representation or warranty made by the Company
or in any other documents or agreements contemplated hereby or the failure of
the Company to comply in all material respects with the covenants contained in
this Agreement or in any other documents or agreements contemplated hereby.

        5.3 Reliance on Representations. All representations, warranties,
covenants and agreements of the Company and the Purchaser herein shall be deemed
to be material and to have been relied upon by the Purchaser or the Company, as
applicable, and shall survive the execution and delivery of this Agreement and
of the Securities.

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        5.4 Survival of the Representations, Warranties, etc. The respective
agreements, representations, warranties, indemnities and other statements made
by or on behalf of the Company and the Purchaser, respectively, pursuant to this
Agreement, shall remain in full force and effect, regardless of any
investigation made by or on behalf of the other party to this Agreement and will
survive delivery of any payment for the Securities.

        5.5 Successors and Assigns. This Agreement shall bind and inure to the
benefit of and be enforceable by the Company, the Purchaser and each of their
respective successors and assigns. The Purchaser shall be permitted to transfer
the Securities in accordance with their terms and the terms of this Agreement
and in accordance with applicable restrictions under applicable federal and
state securities laws.

        5.6 Notices. All notices and other communications provided for in this
Agreement shall be in writing and delivered by registered or certified mail,
postage prepaid, or delivered by overnight courier (for next business day
delivery) or telecopied, addressed as set forth on the signature page hereof, or
at such other address as any of the parties hereto may hereafter designate by
notice to the other parties given in accordance with this Section. Any such
notice or communication shall be deemed to have been duly given on the seventh
day after being so mailed, the next business day after delivery by overnight
courier, when received when transmitted by telecopy with confirmation of
successful transmission or upon receipt when delivered personally.

        5.7 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument. Signatures may be
exchanged by telecopy, with original signatures to follow. Each of the parties
hereto agrees that it will be bound by its own telecopied signature and that it
accepts the telecopied signatures of the other parties to this Agreement. The
original signature pages shall be forwarded to the Company or its counsel and
the Company or its counsel will provide all of the parties hereto with a copy of
the entire Agreement.

        5.8 Amendments. This Agreement may only be amended by a writing duly
executed by the parties hereto.

        5.9 Severability. If any term or provision of this Agreement or any
other document executed in connection herewith shall be determined to be illegal
or unenforceable, all other terms and provisions hereof and thereof shall
nevertheless remain effective and shall be enforced to the fullest extent
permitted by applicable law.

        5.10 GOVERNING LAW. EXCEPT TO THE EXTENT THAT THE LAW OF ANOTHER
JURISDICTION IS EXPRESSLY SELECTED IN A DOCUMENT OR PORTION THEREOF, THIS
AGREEMENT AND ALL AMENDMENTS, SUPPLEMENTS, WAIVERS AND CONSENTS RELATING HERETO
OR THERETO SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

        5.11 Entire Agreement. This Agreement (including its exhibits) contains
the entire Agreement of the parties hereto with respect to the transactions
contemplated hereby and

                                       10
<PAGE>

supersedes all previous oral and written, and all previous contemporaneous oral
negotiations, commitments and understandings.

        5.12 Further Assurances. Each party agrees promptly to execute and
deliver such documents and to take such other acts as are reasonably necessary
to effectuate the purposes of this Agreement.

        5.13 Headings. The headings contained herein are for reference purposes
only and shall not affect in any way the meaning or interpretation of this
Agreement.

        5.14 WAIVER OF JURY TRIAL. EACH PARTY HEREBY AGREES TO WAIVE ITS
RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING OUT OF THIS AGREEMENT, THE SECURITIES OR ANY OTHER AGREEMENTS RELATING
TO THE SECURITIES OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF
THIS TRANSACTION. NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, THIS WAIVER
IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING,
AND THE WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS
OR MODIFICATIONS TO THIS AGREEMENT, THE SECURITIES OR ANY OTHER DOCUMENTS OR
AGREEMENTS RELATING TO THE SECURITIES.

        5.15 Third-Party Beneficiary. Any permitted transferee of any part of
the Securities shall be a third party beneficiary of the Company's obligations
under this Agreement or the Warrants, as applicable. Such person shall have all
the rights of a third party beneficiary with respect to the enforcement against
the Company of any provision of this Agreement or the Warrants.

        5.16 Waiver of Credit Agreement Section 2.08. The Purchaser hereby
waives any requirement of Section 2.08 of the Credit Agreement between the
Purchaser and the Company dated as of May 16, 2001, as amended (the "Credit
Agreement'), that would require the Purchase Price or any portion thereof to be
used concurrently herewith or promptly thereafter to pay obligations as
described in such Section 2.08; provided, however, that the Purchaser reserves
the right to have the Purchase Price count toward the applicable limits of such
Section 2.08 and be applied as provided therein upon any subsequent triggering
event under such Section 2.08. The preceding waiver shall be effective only in
the specific instance described herein and for the specific purpose for which it
was given, and nothing contained herein shall be construed to limit or bar any
rights or remedies of the Purchaser which it may have on any other occasion with
respect to the Credit Agreement, the terms and conditions of which shall remain
in full force and effect except as specifically set forth in this Section 5.16.

                            [SIGNATURE PAGE FOLLOWS]

                                       11
<PAGE>

        In witness whereof, the parties hereto execute this Agreement as of the
date first set forth above.

                                       THE PURCHASER:

                                       MOTOROLA, INC.

                                       By: /s/ Motorola, Inc.
                                        --------------------------------------

                                       Address for Notices:

                                       Motorola, Inc.
                                       1303 East Algonquin Road
                                       Schaumberg, IL  60196
                                       Attn:  Treasurer
                                       Fax: (847) 576-4768

                                       THE COMPANY:

                                       NEXT LEVEL COMMUNICATIONS, INC.

                                       By: /s/ Next Level Communications, Inc.
                                        --------------------------------------
                                       Address for Notices:

                                       Next Level Communications, Inc.
                                       6085 State Farm Drive
                                       Rohnert Park, CA  94928
                                       Attn:  Chief Financial Officer
                                       Fax:  (707) 584-6859

                                       12
<PAGE>

                                    EXHIBIT A
                                FORM OF WARRANTS

                                      A-1

<PAGE>

                                    EXHIBIT B

                           CERTIFICATE OF DESIGNATION,
                             RIGHTS AND PREFERENCES
                                     OF THE
                      SERIES A CONVERTIBLE PREFERRED STOCK
                                       OF
                         NEXT LEVEL COMMUNICATIONS, INC.

                                      B-1

<PAGE>

                                    EXHIBIT C

                      FORM OF REGISTRATION RIGHTS AGREEMENT

                                      C-1<PAGE>
                                                                    EXHIBIT 10.2

                                REGISTRATION RIGHTS AGREEMENT

        This Registration Rights Agreement (this "Agreement"), dated as of
February 20, 2002, is entered into by and between MOTOROLA, INC., a Delaware
corporation ("Motorola"), and NEXT LEVEL COMMUNICATIONS, INC., a Delaware
corporation ("Next Level").

        WHEREAS, in connection with the Securities Purchase Agreement dated as
of February 20, 2002, by and between Next Level and Motorola (the "Purchase
Agreement"), (i) Next Level has granted to Motorola warrants (the "Warrants") to
purchase Six Million Nine Hundred Twelve Thousand Four Hundred Forty Two
(6,912,442) shares of Common Stock, par value $0.01 per share, of Next Level,
subject to the terms and conditions set forth therein and (ii) Next Level has
issued to Motorola 6,912,442 shares of Next Level's Series A Preferred Stock,
each of which shares is convertible into two shares of Common Stock, par value
$0.01 per share, of Next Level, for a total of 13,824,884 such common shares,
subject to the terms and conditions set forth therein;

        NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Motorola and Next Level, for
themselves, their successors, and assigns, hereby agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

        1.1 Definitions. As used in this Agreement, the following terms will
have the following meanings, applicable both to the singular and the plural
forms of the terms described:

        "Agreement" has the meaning ascribed thereto in the preamble hereto, as
such agreement may be amended and supplemented from time to time in accordance
with its terms.

        "Common Stock" means the Common Stock of Next Level or any other class
of Next Level stock for which the Warrants become exercisable or convertible or
for which the Series A Preferred Shares become convertible.

        "Holder" means the holder of any Registrable Security or of a Warrant.

        "Next Level Entities" means Next Level and any subsidiaries of Next
Level.

        "Person" means any individual, partnership, limited liability company,
joint venture, corporation, trust, unincorporated organization, government (and
any department or agency thereof) or other entity.

        "Registrable Securities" shall mean, collectively, any shares or other
securities issued or issuable upon exercise of the Warrants or upon conversion
of Series A Preferred Shares or in exchange for or in respect of any such
securities. As to any particular Registrable Securities, such Registrable
Securities shall cease to be Registrable Securities when (i) a registration
statement with respect to the sale by the Holder thereof shall have been
declared effective under the Securities Act and such securities shall have been
disposed of in accordance with such registration statement, (ii) they shall have
been distributed to the public in accordance with Rule

<PAGE>

144, (iii) they shall have been otherwise transferred, new certificates for them
not bearing a legend restricting further transfer shall have been delivered by
Next Level and subsequent disposition of them shall not require registration or
qualification of them under the Securities Act or any state securities or blue
sky law then in effect or (iv) they shall have ceased to be outstanding.

        "Registration Expenses" means any and all expenses incident to
performance of or compliance with any registration of securities pursuant to
this Agreement, including, without limitation, (i) the fees, disbursements and
expenses of Next Level's counsel and accountants and the reasonable fees and
expenses of counsel selected by the Holders in accordance with this Agreement in
connection with the registration of the securities to be disposed of; (ii) all
expenses, including filing fees, in connection with the preparation, printing
and filing of the registration statement, any preliminary prospectus or final
prospectus, any other offering document and amendments and supplements thereto
and the mailing and delivering of copies thereof to any underwriters and
dealers; (iii) the cost of printing or producing any underwriting agreements and
blue sky or legal investment memoranda and any other documents in connection
with the offering, sale or delivery of the securities to be disposed of; (iv)
all expenses in connection with the qualification of the securities to be
disposed of for offering and sale under state securities laws, including the
fees and disbursements of counsel for the underwriters or the Holders of
securities in connection with such qualification and in connection with any blue
sky and legal investment surveys; (v) the filing fees incident to securing any
required review by the National Association of Securities Dealers, Inc. of the
terms of the sale of the securities to be disposed of; (vi) transfer agents' and
registrars', fees and expenses and the fees and expenses of any other agent or
trustee appointed in connection with such offering; (vii) all security engraving
and security printing expenses; (viii) all fees and expenses payable in
connection with the listing of the securities on any securities exchange or
automated interdealer quotation system or the rating of such securities; (ix)
any other fees and disbursements of underwriters customarily paid by the sellers
of securities, but excluding underwriting discounts and commissions and transfer
taxes, if any; and (x) other reasonable out-of-pocket expenses of Holders other
than legal fees and expenses referred to in clause(s) (i) and/or (iv) above.

        "Rule 144" means Rule 144 (or any successor rule to similar effect)
promulgated under the Securities Act.

        "Rule 415 Offering" means an offering on a delayed or continuous basis
pursuant to Rule 415 (or any successor rule to similar effect) promulgated under
the Securities Act.

        "SEC" means the United States Securities and Exchange Commission.

        "Securities Act" means the Securities Act of 1933, as amended, or any
successor statute.

        "Series A Preferred Shares" means the Series A Preferred shares issued
by Next Level to Motorola pursuant to the Purchase Agreement and any shares
issued in substitution for, or replacement or, such shares.

        "Warrant" means any of those certain warrants granted by Next Level to
Motorola pursuant to the Purchase Agreement and any warrants issued in
substitution for, or replacement or, such warrants.

                                       2
<PAGE>

        1.2 Internal References. Unless the context indicates otherwise,
references to Articles, Sections and paragraphs shall refer to the corresponding
articles, sections and paragraphs in this Agreement and references to the
parties shall mean the parties to this Agreement.

                                   ARTICLE II
                               REGISTRATION RIGHTS

        2.1 Demand Registration - Registrable Securities.

           (a) Upon written notice provided at any time from a majority in
interest of the Holders, requesting that Next Level effect the registration
under the Securities Act of any or all of the Registrable Securities held by
such Holders, which notices shall specify the intended method or methods of
disposition of such Registrable Securities, Next Level shall use its best
efforts to effect the registration under the Securities Act and applicable state
securities laws of such Registrable Securities for disposition in accordance
with the intended method or methods of disposition stated in such request
(including in a Rule 415 Offering, if Next Level is then eligible to register
such Registrable Securities on Form S-3 (or a successor form) for such
offering); provided that,

               (i) with respect to any registration statement filed, or to be
filed, pursuant to this Section 2.1, if Next Level shall furnish to the Holders
that have made such request a certified resolution of the Board of Directors of
Next Level stating that in the Board of Directors' good faith judgment it would
(because of the existence of, or in anticipation of, any acquisition or
financing activity, or the unavailability for reasons beyond Next Level's
reasonable control of any required financial statements, or any other event or
condition of similar significance to Next Level) be seriously disadvantageous (a
"Disadvantageous Condition") to Next Level for such a registration statement to
be maintained effective, or to be filed and become effective, and setting forth
the general reasons for such judgment, Next Level shall be entitled to cause
such registration statement to be withdrawn and the effectiveness of such
registration statement terminated, or, in the event no registration statement
has yet been filed, shall be entitled not to file any such registration
statement, until such Disadvantageous Condition no longer exists (notice of
which Next Level shall promptly deliver to such Holders). Upon receipt of any
such notice of a Disadvantageous Condition, such Holders shall forthwith
discontinue use of the prospectus contained in such registration statement and,
if so directed by Next Level, each such Holder will deliver to Next Level all
copies, other than permanent file copies then in such Holder's possession, of
the prospectus then covering such Registrable Securities current at the time of
receipt of such notice; provided, that the filing of any such registration
statement may not be delayed for a period in excess of 60 days in any calendar
year due to the occurrence of one or more Disadvantageous Conditions;

               (ii) the Holders may collectively exercise their rights under
this Section 2.1 and under Section 2.1 of the Registration Rights Agreement by
and between Motorola and Next Level dated as of May 16, 2001, as amended (the
"Existing Registration Rights Agreement"), on not more than four (4) occasions;

                                       3
<PAGE>

               (iii) except as otherwise provided in Section 2.2 or elsewhere in
this Agreement, the Holders shall not have the right to exercise registration
rights pursuant to this Section 2.1 within the 180-day period following the date
hereof or following the registration and sale of Registrable Securities effected
pursuant to a prior exercise of the registration rights provided in this Section
2.1.

           (b) Notwithstanding any other provision of this Agreement to the
contrary, a registration requested by a Holder pursuant to this Section 2.1
shall not be deemed to have been effected (and, therefore, not requested for
purposes of paragraph (a) above), (i) if it shall not have become effective,
(ii) if after it has become effective such registration is interfered with by
any stop order, injunction or other order or requirement of the SEC or other
governmental agency or court for any reason other than a misrepresentation or an
omission by a Holder or ceases to be maintained effective due to a
Disadvantageous Condition and, as a result thereof, the Registrable Securities
requested to be registered cannot be completely distributed in accordance with
the plan of distribution set forth in the related registration statement or
(iii) if the conditions to closing specified in the purchase agreement or
underwriting agreement entered into in connection with such registration are not
satisfied or waived other than by reason of some act or omission by a Holder
within its control.

           (c) In the event that any registration pursuant to this Section 2.1
shall involve, in whole or in part, an underwritten offering, the Holders of a
majority of the Registrable Securities to be registered pursuant to this Section
2.1 shall have the right to designate an underwriter or underwriters reasonably
acceptable to Next Level as the lead or managing underwriters of such
underwritten offering and, in connection with each registration pursuant to this
Section 2.1, such Holders may select one counsel reasonably acceptable to Next
Level to represent all such Holders.

           (d) Next Level shall have the right to cause the registration of
additional equity securities for sale for its account or any existing or former
directors, officers or employees of the Next Level Entities in any registration
of Registrable Securities requested for the benefit of the Holders pursuant to
paragraph (a) above; provided, however, that, if such Holders are advised in
writing (with a copy to Next Level) by a nationally recognized investment
banking firm selected by such Holders reasonably acceptable to Next Level (which
shall be the lead underwriter or a managing underwriter in the case of an
underwritten offering) that, in such firm's good faith view, the inclusion of
such additional equity securities in such registration would be likely to have
an adverse effect on the price, timing or distribution of the offering and sale
of the Registrable Securities then contemplated by such Holders, the
registration of such additional equity securities or part thereof shall not be
permitted. The Holders of the Registrable Securities to be registered pursuant
to this Section 2.1 may require that any such additional equity securities be
included in the offering proposed by such Holders on the same conditions as the
Registrable Securities that are included therein. In the event that the number
of Registrable Securities requested to be included in such registration by such
Holders exceeds the number which, in the good faith view (delivered in writing)
of such investment banking firm, can be sold without adversely affecting the
price, timing, distribution or sale of securities in the offering, the number
shall be allocated pro rata among the requesting Holders on the basis of the
relative number of Registrable Securities then held by each such Holder
(including Registrable Securities such Holder may acquire on exercise of such
Holder's Warrant(s)), provided that any number in

                                       4
<PAGE>

excess of a Holder's request may be reallocated among the remaining requesting
Holders in a like manner.

        2.2 Piggyback Registration. In the event that Next Level at any time
after the date hereof proposes to register any Common Stock or any securities
convertible into or exchangeable for Common Stock under the Securities Act,
whether or not for sale for its own account and including pursuant to Section
2.1 (such stock or securities, "Other Securities"), in a manner that would
permit registration of Registrable Securities for sale for cash to the public
under the Securities Act, it shall at each such time give prompt written notice
to each of the Holders of its intention to do so and of the rights of such
Holders under this Section 2.2. Subject to the terms and conditions hereof, such
notice shall offer each such Holder the opportunity to include in such
registration statement such number of the Registrable Securities of such Holder
as such Holder may request. Upon the written request of any such Holder made
within 15 days after the receipt of Next Level's notice (which request shall
specify the number of Registrable Securities intended to be disposed of and the
intended method of disposition thereof), Next Level shall use its best efforts
to effect, in connection with the registration of the Other Securities, the
registration under the Securities Act of all Registrable Securities which Next
Level has been so requested to register, to the extent required to permit the
disposition (in accordance with such intended method of disposition thereof) of
the Registrable Securities so requested to be registered; provided, that:

           (a) if, at any time after giving such written notice of its intention
to register any Other Securities and prior to the effective date of the
registration statement filed in connection with such registration, Next Level
shall determine for any reason not to register the Other Securities, Next Level
may, at its election, give written notice of such determination to such Holders
and thereupon Next Level shall be relieved of its obligation to register such
Registrable Securities in connection with the registration of such Other
Securities, without prejudice, however, to the rights of the Holders immediately
to request that such registration be effected as a registration under Section
2.1 to the extent permitted thereunder;

           (b) if a nationally recognized investment banking firm selected by
Next Level advises Next Level in writing that, in such firm's good faith view,
all or a part of such Registrable Securities cannot be sold and the inclusion of
all or a part of such Registrable Securities in such registration would be
likely to have an adverse effect upon the price, timing or distribution of the
offering and sale of the Other Securities then contemplated, Next Level shall
include in such registration: (i) first, the Other Securities being sold for its
own account or the Other Securities which are Registrable Securities included
pursuant to Section 2.1 and/or any Other Securities being registered pursuant to
any demand registration rights held by Persons other than Next Level and the
Holders and (ii) second, up to the full number of Registrable Securities
requested to be included pursuant to this Section 2.2 and the remaining Other
Securities that are requested to be included in such registration in excess of
the number of securities referred to in clause (i) which, in the good faith view
of such investment banking firm, can be sold without adversely affecting such
offering, such full number to be allocated pro rata among the holders of the
securities referred to in this clause (ii) based on the relative number of
securities requested to be included by each such holder (provided further that,
in the event that such investment banking firm advises in writing that less than
all of such Registrable Securities may be included in such offering, one or more
of such Holders may withdraw their request for registration of their Registrable
Securities under this Section 2.2 and ninety (90) days subsequent

                                       5
<PAGE>

to the effective date of the registration statement for the registration of such
Other Securities request that such registration be effected as a registration
under Section 2.1 to the extent permitted thereunder);

           (c) Next Level shall not be required to effect any registration of
Registrable Securities under this Section 2.2 incidental to the registration of
any of its securities in connection with mergers, acquisitions, exchange offers,
subscription offers, dividend reinvestment plans or stock option or other
executive or employee benefit or compensation plans; and

           (d) no registration of Registrable Securities effected under this
Section 2.2 shall relieve Next Level of its obligation to effect a registration
of Registrable Securities pursuant to Section 2.1.

        2.3 Expenses. Next Level shall pay all Registration Expenses with
respect to a particular offering (or proposed offering). Notwithstanding the
foregoing, each of the Holders and Next Level shall be responsible for its own
internal administrative and similar costs, which shall not constitute
Registration Expenses.

        2.4 Registration and Qualification. If and whenever Next Level is
required to effect the registration of any Registrable Securities under the
Securities Act as provided in Sections 2.1 or 2.2, Next Level shall as promptly
as practicable:

           (a) prepare, file and use its best efforts to cause to become
effective a registration statement under the Securities Act relating to the
Registrable Securities to be offered;

           (b) prepare and file with the SEC such amendments and supplements to
such registration statement and the prospectus used in connection therewith as
may be necessary to keep such registration statement effective and to comply
with the provisions of the Securities Act with respect to the disposition of all
Registrable Securities until the earlier of (A) such time as all of such
Registrable Securities have been disposed of in accordance with the intended
methods of disposition set forth in such registration statement and (B) the
expiration of three months after such registration statement becomes effective;
provided, that such three-month period shall be extended for such number of days
that equals the number of days elapsing from (x) the date the written notice
contemplated by paragraph (f) below is given by Next Level to (y) the date on
which Next Level delivers to the Holders of Registrable Securities the
supplement or amendment contemplated by paragraph (f) below;

           (c) furnish to the Holders of Registrable Securities and to any
underwriter of such Registrable Securities such number of conformed copies of
such registration statement and of each such amendment and supplement thereto
(in each case including all exhibits), such number of copies of the prospectus
included in such registration statement (including each preliminary prospectus
and any summary prospectus), in conformity with the requirements of the
Securities Act, such documents incorporated by reference in such registration
statement or prospectus, and such other documents, as the Holders of Registrable
Securities or such underwriter may reasonably request, and upon request a copy
of any and all transmittal letters or other correspondence to or received from,
the SEC or any other governmental agency or self-

                                       6
<PAGE>

regulatory body or other body having jurisdiction (including any domestic or
foreign securities exchange) relating to such offering;

           (d) use its best efforts to register or qualify all Registrable
Securities covered by such registration statement under the securities or blue
sky laws of such U.S. jurisdictions as the Holders of such Registrable
Securities or any underwriter to such Registrable Securities shall reasonably
request, and use its reasonable best efforts to obtain all appropriate
registrations, permits and consents in connection therewith, and do any and all
other acts and things which may be necessary or advisable to enable the Holders
of Registrable Securities or any such underwriter to consummate the disposition
in such jurisdictions of its Registrable Securities covered by such registration
statement; provided, that Next Level shall not for any such purpose be required
to qualify generally to do business as a foreign corporation in any such
jurisdiction wherein it is not so qualified or to consent to general service of
process in any such jurisdiction;

           (e) use commercially reasonable efforts (i) to furnish to each of the
Holders of Registrable Securities included in such registration (each, a
"Selling Holder") and to any underwriter of such Registrable Securities an
opinion of counsel for Next Level addressed to each Selling Holder and dated the
date of the closing under the underwriting agreement (if any) (or if such
offering is not underwritten, dated the effective date of the registration
statement) and (ii) to furnish to each Selling Holder a "cold comfort" letter
addressed to each Selling Holder and signed by the independent public
accountants who have audited the financial statements of Next Level included in
such registration statement, in each such case covering substantially the same
matters with respect to such registration statement (and the prospectus included
therein) as are customarily covered in opinions of issuer's counsel and in
accountants' letters delivered to underwriters in underwritten public offerings
of securities and such other matters as the Selling Holders may reasonably
request and, in the case of such accountants' letter, with respect to events
subsequent to the date of such financial statements;

           (f) as promptly as practicable, notify the Selling Holders in writing
(i) at any time when a prospectus relating to a registration pursuant to
Sections 2.1 or 2.2 is required to be delivered under the Securities Act of the
happening of any event as a result of which the prospectus included in such
registration statement, as then in effect, includes an untrue statement of a
material fact or omits to state any material fact required to be stated therein
or necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading and (ii) of any request by the SEC or any
other regulatory body or other body having jurisdiction for any amendment of or
supplement to any registration statement or other document relating to such
offering, and in either such case, at the request of the Selling Holders prepare
and furnish to the Selling Holders a reasonable number of copies of a supplement
to or an amendment of such prospectus as may be necessary so that, as thereafter
delivered to the purchasers of such Registrable Securities, such prospectus
shall not include an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they are made, not
misleading;

           (g) if requested by the lead or managing underwriters, use its best
efforts to list all such Registrable Securities covered by such registration on
each securities exchange and

                                       7
<PAGE>

automated inter-dealer quotation system on which common equity securities of
Next Level are then listed;

           (h) to the extent reasonably requested by the lead or managing
underwriters, send appropriate officers of Next Level to attend and participate
in any "road shows" scheduled in connection with any such registration, with all
out-of-pocket costs and expense incurred by Next Level or such officers in
connection with such attendance to be paid by Next Level; and

           (i) furnish for delivery in connection with the closing of any
offering of Registrable Securities pursuant to a registration effected pursuant
to Sections 2.1 or 2.2 unlegended certificates representing ownership of the
Registrable Securities being sold in such denominations as shall be requested by
the Selling Holders or the underwriters.

        2.5 Underwriting; Due Diligence.

           (a) If requested by the underwriters for any underwritten offering of
Registrable Securities pursuant to a registration requested under this
Agreement, Next Level shall enter into an underwriting agreement with such
underwriters for such offering, which agreement will contain such
representations and warranties by Next Level and such other terms and provisions
as are customarily contained in underwriting agreements of Next Level to the
extent relevant and as are customarily contained in underwriting agreements
generally with respect to secondary distributions to the extent relevant,
including, without limitation, indemnification and contribution provisions
substantially to the effect and to the extent provided in Section 2.6, and
agreements as to the provision of opinions of counsel and accountants' letters
to the effect and to the extent provided in Section 2.4(e). The Selling Holders
on whose behalf the Registrable Securities are to be distributed by such
underwriters shall be parties to any such underwriting agreement and the
representations and warranties by, and the other agreements on the part of, Next
Level to and for the benefit of such underwriters, shall also be made to and for
the benefit of such Selling Holders. Such underwriting agreement shall also
contain such representations and warranties by such Selling Holders and such
other terms and provisions as are customarily contained in underwriting
agreements with respect to secondary distributions, when relevant, including,
without limitation, indemnification and contribution provisions substantially to
the effect and to the extent provided in Section 2.6.

           (b) In connection with the preparation and filing of each
registration statement registering Registrable Securities under the Securities
Act pursuant to this Agreement, Next Level shall give the Holders of such
Registrable Securities and the underwriters, if any, and their respective
counsel and accountants, such reasonable and customary access to its books and
records and such opportunities to discuss the business of Next Level with its
officers and the independent public accountants who have certified the financial
statements of Next Level as shall be necessary, in the opinion of such Holders
and such underwriters or their respective counsel, to conduct a reasonable
investigation within the meaning of the Securities Act.

        2.6 Indemnification and Contribution.

           (a) In the case of each offering of Registrable Securities made
pursuant to this Agreement, Next Level agrees to indemnify and hold harmless, to
the extent permitted by law, each of the Selling Holders, each underwriter of
Registrable Securities so offered and each

                                       8
<PAGE>

Person, if any, who controls any of the foregoing Persons within the meaning of
the Securities Act and the officers, directors, affiliates, employees and agents
of each of the foregoing, against any and all losses, liabilities, costs
(including reasonable attorney's fees and disbursements and reasonable costs of
investigation and preparation), claims and damages, joint or several, to which
they or any of them may become subject, under the Securities Act or otherwise,
including any amount paid in settlement of any litigation commenced or
threatened, insofar as such losses, liabilities, costs, claims and damages (or
actions or proceedings in respect thereof, whether or not such indemnified
Person is a party thereto) arise out of or are based upon any untrue statement
or alleged untrue statement of a material fact contained in the registration
statement (or in any preliminary or final prospectus included therein) or in any
offering memorandum or other offering document relating to the offering and sale
of such Registrable Securities, or any amendment thereof or supplement thereto,
or in any document incorporated by reference therein, or any omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading; provided, however that
Next Level shall not be liable to any Person in any such case to the extent that
any such loss, liability, cost, claim or damage arises out of or relates to any
untrue statement or alleged untrue statement, or any omission, if such statement
or omission shall have been made in reliance upon and in conformity with
information relating to a Selling Holder, another holder of securities included
in such registration statement or underwriter furnished in writing to Next Level
by or on behalf of such Selling Holder, other holder or underwriter specifically
for use in the registration statement (or in any preliminary or final prospectus
included therein), offering memorandum or other offering document, or any
amendment thereof or supplement thereto. Such indemnity shall remain in full
force and effect regardless of any investigation made by or on behalf of any
Selling Holder, any other holder or any underwriter and shall survive the
transfer of such securities. The foregoing indemnity agreement is in addition to
any liability that Next Level may otherwise have to each Selling Holder, other
holder or underwriter of the Registrable Securities or any controlling person of
the foregoing and the officers, directors, affiliates, employees and agents of
each of the foregoing; provided, further, that, in the case of an offering with
respect to which a Selling Holder has designated the lead or managing
underwriters (or a Selling Holder is offering Registrable Securities directly,
without an underwriter), this indemnity does not apply to any loss, liability,
cost, claim or damage arising out of or relating to any untrue statement or
alleged untrue statement or omission or alleged omission in any preliminary
prospectus or offering memorandum if a copy of a final prospectus or offering
memorandum was available on a timely basis and not sent or given by or on behalf
of any underwriter (or such Selling Holder or other holder, as the case may be)
to such Person asserting such loss, liability, cost, claim or damage at or prior
to the written confirmation of the sale of the Registrable Securities as
required by the Securities Act and such untrue statement or omission had been
corrected in such final prospectus or offering memorandum.

           (b) In the case of each offering made pursuant to this Agreement,
each Selling Holder, by exercising its registration rights hereunder, agrees to
indemnify and hold harmless, and to use reasonable best efforts to cause each
underwriter of Registrable Securities included in such offering (in the same
manner and to the same extent as set forth in Section 2.6(a)) to agree to
indemnify and hold harmless, Next Level, each other underwriter who participates
in such offering, each other Selling Holder or other holder with securities
included in such offering and in the case of an underwriter, such Selling Holder
or other holder, and each Person, if any, who controls any of the foregoing
within the meaning of the Securities Act and the officers, directors,
affiliates, employees and agents of each of the foregoing, against any and

                                       9
<PAGE>

all losses, liabilities, costs (including reasonable attorney's fees and
disbursements and reasonable costs of investigation and preparation), claims and
damages to which they or any of them may become subject, under the Securities
Act or otherwise, including any amount paid in settlement of any litigation
commenced or threatened, insofar as such losses, liabilities, costs, claims and
damages (or actions or proceedings in respect thereof, whether or not such
indemnified Person is a party thereto) arise out of or are based upon any untrue
statement or alleged untrue statement by such Selling Holder or underwriter, as
the case may be, of a material fact contained in the registration statement (or
in any preliminary or final prospectus included therein) or in any offering
memorandum or other offering document relating to the offering and sale of such
Registrable Securities prepared by Next Level or at its direction, or any
amendment thereof or supplement thereto, or any omission by such Selling Holder
or underwriter, as the case may be, or alleged omission by such Selling Holder
or underwriter, as the case may be, of a material fact required to be stated
therein or necessary to make the statements therein not misleading, but in each
case only to the extent that such untrue statement of a material fact is
contained in, or such material fact is omitted from such registration statement
or prospectus in reliance on and in conformity with information relating to such
Selling Holder or underwriter, as the case may be, furnished in writing to Next
Level by or on behalf of such Selling Holder or underwriter, as the case may be,
specifically for use in such registration statement (or in any preliminary or
final prospectus included therein), offering memorandum or other offering
document, or any amendment thereof or supplement thereto. The foregoing
indemnity is in addition to any liability which such Selling Holder or
underwriter, as the case may be, may otherwise have to Next Level, or
controlling persons and the officers, directors, affiliates, employees, and
agents of each of the foregoing; provided, however, that, in the case of an
offering made pursuant to this Agreement with respect to which Next Level has
designated the lead or managing underwriters (or Next Level is offering
securities directly, without an underwriter), this indemnity does not apply to
any loss, liability, cost, claim, or damage arising out of or based upon any
untrue statement or alleged untrue statement or omission or alleged omission in
any preliminary prospectus or offering memorandum if a copy of a final
prospectus or offering memorandum was not sent or given by or on behalf of any
underwriter (or Next Level, as the case may be) to such Person asserting such
loss, liability, cost, claim or damage at or prior to the written confirmation
of the sale of the Registrable Securities as required by the Securities Act and
such untrue statement or omission had been corrected in such final prospectus or
offering memorandum.

           (c) Each party indemnified under paragraph (a) or (b) above shall,
promptly after receipt of notice of a claim or action against such indemnified
party in respect of which indemnity may be sought hereunder, notify the
indemnifying party in writing of the claim or action; provided, that the failure
to notify the indemnifying party shall not relieve it from any liability that it
may have to an indemnified party on account of the indemnity agreement contained
in paragraph (a) or (b) above except to the extent that the indemnifying party
is prejudiced thereby. If any such claim or action shall be brought against an
indemnified party, and it shall have notified the indemnifying party thereof,
unless in such indemnified party's reasonable judgment a conflict of interest
between such indemnified party and indemnifying parties may exist in respect of
such claim, the indemnifying party shall be entitled to participate therein,
and, to the extent that it wishes, jointly with any other similarly notified
indemnifying party, to assume the defense thereof with counsel reasonably
satisfactory to the indemnified party (who shall not, except with the consent of
the indemnified party, be counsel to the indemnifying party); provided that, if
an indemnified party and an indemnifying party shall have

                                       10
<PAGE>

conflicting claims or defenses, the indemnifying party shall not have control of
such conflicting claims or defenses and the indemnified party shall be entitled
to appoint separate counsel for such claims and defenses at the cost and expense
of the indemnifying party. After notice from the indemnifying party to the
indemnified party of its election to assume the defense of such claim or action,
the indemnifying party shall not be liable to the indemnified party under this
Section 2.6 for any legal or other expenses subsequently incurred by the
indemnified party in connection with the defense thereof other than reasonable
costs of investigation. If the indemnifying party does not assume the defense of
such claim or action, it is understood that the indemnifying party shall not, in
connection with any one such claim or action or separate but substantially
similar or related claims or actions in the same jurisdiction arising out of the
same general allegations or circumstances, be liable for the fees and expenses
of more than one separate firm of attorneys (in addition to one separate firm of
local attorneys in each such jurisdiction) at any time for all such indemnified
parties. No indemnifying party shall (i) without the prior written consent of
the indemnified parties, settle or compromise or consent to the entry of any
judgment with respect to any pending or threatened claim, action, suit or
proceeding in respect of which indemnification or contribution may be sought
hereunder (whether or not the indemnified parties are actual or potential
parties to such claim or action) unless such settlement, compromise or consent
includes an unconditional release of each indemnified party from all liability
arising out of such claim, action, suit or proceeding, or (ii) be liable for any
settlement of any such action effected without its written consent, but if
settled with its written consent or if there be a final judgment of the
plaintiff in any such action, the indemnifying party agrees to indemnify and
hold harmless any indemnified party from and against any loss of liability by
reason of such settlement or judgment.

           (d) If the indemnification provided for in this Section 2.6 shall for
any reason be unavailable (other than in accordance with its terms) to an
indemnified party in respect of any loss, liability, cost, claim or damage
referred to therein, then each indemnifying party shall, in lieu of indemnifying
such indemnified party, contribute to the amount paid or payable by such
indemnified party as a result of such loss, liability, cost, claim or damage in
such proportion as shall be appropriate to reflect the relative fault of the
indemnifying party on the one hand and the indemnified party on the other with
respect to the statements or omissions which resulted in such loss, liability,
cost, claim or damage as well as any other relevant equitable considerations.
The relative fault shall be determined by reference to whether the untrue or
alleged untrue statement of a material fact or omission or alleged omission to
state a material fact relates to information supplied by the indemnifying party
on the one hand or the indemnified party on the other, the intent of the parties
and their relative knowledge, access to information and opportunity to correct
or prevent such statement or omission, but not by reference to any indemnified
party's stock ownership in Next Level. The amount paid or payable by an
indemnified party as a result of the loss, cost, claim, damage or liability, or
action in respect thereof, referred to above in this paragraph (d) shall be
deemed to include, for purposes of this paragraph (d), any legal or other
expenses reasonably incurred by such indemnified party in connection with
investigating or defending any such action or claim. No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation.

           (e) Indemnification and contribution similar to that specified in the
preceding paragraphs of this Section 2.6 (with appropriate modifications) shall
be given by Next

                                       11
<PAGE>

Level, the Selling Holders and underwriters with respect to any required
registration or other qualification of securities under any state law or
regulation or governmental authority.

           (f) The obligations of the parties under this Section 2.6 shall be in
addition to any liability that any party may otherwise have to any other party.

        2.7 Rule 144 and Form S-3. Commencing 90 days after the date hereof,
Next Level shall use its best efforts to ensure that the conditions to the
availability of Rule 144 set forth in paragraph (c) thereof shall be satisfied.
Upon the request of any Holder of Registrable Securities, Next Level will
deliver to such Holder a written statement as to whether it has complied with
such requirements. Next Level further agrees to use its reasonable efforts to
cause all conditions to the availability of Form S-3 (or any successor form)
under the Securities Act of the filing of registration statements under this
Agreement to be met as soon as practicable after the date hereof.

        2.8 Transfer of Registration Rights. Any Holder may transfer all or any
portion of its rights under this Agreement to any transferee of Registrable
Securities owned by such Holder. Any transfer of registration rights pursuant to
this Section 2.8 shall be effective upon receipt by Next Level of (i) written
notice from such Holder stating the name and address of any transferee and
identifying the number of Registrable Securities with respect to which the
rights under this Agreement are being transferred and the nature of the rights
so transferred and (ii) a written agreement from such transferee to be bound by
the terms of this Agreement. The Holders may exercise their rights hereunder in
such priority as they shall agree upon among themselves.

        2.9 Holdback Agreement. If Next Level effects any registration of equity
securities of Next Level or any securities convertible into or exchangeable or
exercisable for any equity securities of Next Level pursuant to this Agreement
or otherwise in which 20% or more of the securities registered thereby are
Registrable Securities, each Holder agrees not to effect any public sale or
distribution, including any sale under Rule 144, of any equity security of Next
Level or any security convertible into or exchangeable or exercisable for any
equity security of Next Level (otherwise than through the registered public
offering then being made) within 7 days prior to or 90 days (or such lesser
period as the lead or managing underwriters may permit) after the effective date
of the registration statement (or the commencement of the offering to the public
of such Registrable Securities in the case of Rule 415 offerings). Next Level
hereby also so agrees; provided, that, subject to Section 2.5(a) hereof, Next
Level shall not be so restricted from effecting any public sale or distribution
of any security in connection with any merger, acquisition, exchange offer,
subscription offer, dividend reinvestment plan or stock option or other
executive or employee benefit or compensation plan.

                                   ARTICLE III
                                  MISCELLANEOUS

        3.1 Assistance in Disposition of Shares. Regardless of whether one or
more Holders or other parties shall have requested registration of Common Stock
hereunder, but subject to any market stand-off, hold-back, or similar provisions
that may apply, one or more Holders of Registrable Securities may at any time
request that Next Level assist such Holder(s) in the sale of such securities on
favorable terms. In such an event, Next Level shall use its

                                       12
<PAGE>

commercially reasonable best efforts to assist such Holder (or such Holders, on
an equitable basis) in identifying opportunities and making arrangements for a
private placement, block trade, or other sale, transfer, or exchange of such
securities on reasonable and favorable terms consistent with all applicable
securities laws and regulations.

        3.2 Limitation of Liability. No party hereto shall be liable hereunder
for any special, indirect, incidental or consequential damages of the other
arising in connection with this Agreement.

        3.3 Amendments. This Agreement may not be amended or terminated orally,
but only by a writing duly executed by or on behalf of each of the parties
hereto, or their respective permitted transferees or assignees. Any such
amendment shall be validly and sufficiently authorized for purposes of this
Agreement if it is signed on behalf of the parties hereto by any of their
respective presidents or vice presidents.

        3.4 Term. This Agreement shall remain in effect until no Registrable
Securities remain outstanding; provided, that the provisions of Sections 2.6,
2.7 and 3.2 shall survive any such expiration.

        3.5 Severability. If any provision of this Agreement or the application
of any such provision to any party or circumstances shall be determined by any
court of competent jurisdiction to be invalid, illegal or unenforceable to any
extent, the remainder of this Agreement or such provision or the application of
such provision to such party or circumstances, other than those to which it is
so determined to be invalid, illegal or unenforceable, shall remain in full
force and effect to the fullest extent permitted by law and shall not be
affected thereby, unless such a construction would be unreasonable.

        3.6 Notices. All notices and other communications required or permitted
hereunder shall be in writing, shall be deemed duly given upon actual receipt,
and shall be delivered (a) in person (including by commercial courier service),
(b) by registered or certified mail, postage prepaid, or (c) by facsimile or
other generally accepted means of electronic transmission (provided that a copy
of any notice delivered pursuant to this clause (c) shall also be sent pursuant
to clause (b)), addressed as follows:

                 (a)  if to Next Level, to:

                      Next Level Communications, Inc.
                      6085 State Farm Drive
                      Rohnert Park, CA  94928
                          Attention:  Chief Financial Officer
                          Telecopy No.  (707) 584-6859

                 (b)  If to Motorola, to:

                      Motorola, Inc.
                      1303 East Algonquin Road
                      Schaumburg, IL  60196
                          Attention:  Treasurer
                          Telecopy No. (847) 576-4768.

                                       13
<PAGE>

or to such other addresses or telecopy numbers as may be specified by like
notice to the other parties.

        3.7 Further Assurances. The parties hereto shall execute, acknowledge
and deliver, or cause to be executed, acknowledged and delivered, such
instruments and take such other action as may be necessary or advisable to carry
out their obligations under this Agreement and under any exhibit, document or
other instrument delivered pursuant hereto.

        3.8 Counterparts; Execution. This Agreement may be executed and
delivered in counterparts, each of which shall be deemed an original instrument,
but all of which together shall constitute but one and the same agreement. This
Agreement may be executed and delivered by facsimile.

        3.9 Governing Law; Consent to Jurisdiction. This Agreement and the
transactions contemplated hereby shall be construed in accordance with, and
governed by, the laws of the State of New York. Each of Next Level and Motorola
hereby submits to the nonexclusive jurisdiction of the United States District
Court for the Southern District of New York and of any New York state court
sitting in New York City for the purposes of all legal proceedings arising out
of or relating to this Agreement or the transactions contemplated hereby. Each
of Next Level and Motorola irrevocably waives, to the fullest extent permitted
by applicable law, any objection that each may now or hereafter have to the
laying of the venue of any such proceeding brought in such a court and any claim
that any such proceeding brought in such a court has been brought in an
inconvenient forum.

        3.10 Entire Agreement. This Agreement constitutes the entire
understanding of the parties hereto with respect to the subject matter hereof.

        3.11 Transfers and Assignments. This Agreement shall be binding upon,
and shall inure to the benefit of, the parties hereto and their respective
successors and permitted assigns (including transferees). Nothing contained in
this Agreement, express or implied, is intended to confer upon any other person
or entity any benefits, rights or remedies.

        3.12 Specific Performance. The parties hereto acknowledge and agree that
irreparable damage would occur in the event that any of the provisions of this
Agreement were not performed in accordance with their specific terms or were
otherwise breached. Accordingly, it is agreed that they shall be entitled to an
injunction or injunctions to prevent breaches of the provisions of this
Agreement and to enforce specifically the terms and provisions hereof in any
court of competent jurisdiction in the United States or any state thereof, in
addition to any other remedy to which they may be entitled at law or equity.

                                       14
<PAGE>

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

                                    NEXT LEVEL COMMUNICATIONS, INC.

                                    By: /s/ Next Level Communications, Inc.
                                       --------------------------------------
                                    Name:
                                         ------------------------------------

                                    Title: Senior Vice President
                                          -----------------------------------

                                    MOTOROLA, INC.

                                    By: /s/ Motorola, Inc.
                                       --------------------------------------

                                    Name:
                                         ------------------------------------

                                    Title: Senior Vice President
                                           ----------------------------------

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