Document:

Exhibit 10.25

Non-Employee
Director Compensation Plan

Our non-employee directors receive a fee of $500 for
each meeting of the board of directors that they attend and are reimbursed,
upon request, for travel and other out-of-pocket expenses incurred in connection
with their attendance at meetings of the board and of committees on which they
serve. The Chairman of our audit committee receives additional cash
compensation in the amount of $10,000 per year for his services in that
capacity.

Under our 2005 Stock Incentive Plan:

·                  each
non-employee director who is first elected to office after the date of our
initial public offering in 2005 will automatically receive a restricted stock
award of shares of our common stock having an aggregate fair market value on the
date of grant equal to $20,000;

·                  each
non-employee director continuing in office after any annual meeting of our
stockholders will automatically receive, immediately following that meeting, a
restricted stock award of shares of our common stock having an aggregate fair
market value on the date of grant equal to $20,000; and

·                  each
non-employee director continuing in office after any annual meeting of our
stockholders who serves as chair of a committee of the board will automatically
receive, immediately following that meeting, an additional restricted stock
award of shares of our common stock having an aggregate fair market value on
the date of grant equal to $5,000.

Each such restricted stock award granted to a
non-employee director will vest over a five-year period, with one-third of the
shares vesting on the third anniversary of the date of grant and the balance of
the shares vesting on the fifth anniversary of the date of grant. The sale or
(with certain exceptions for estate planning purposes) other disposition of the
shares subject to each award is prohibited prior to the fifth anniversary of
the date of grant.Exhibit 10.1

 

Execution
Copy

 

SETTLEMENT
AGREEMENT AND MUTUAL GENERAL RELEASE

 

This SETTLEMENT AGREEMENT AND MUTUAL GENERAL
RELEASE (this “Settlement Agreement”)
dated as of May 11, 2006, has been entered into by and among ML Media
Partners, L.P. (“ML Media”), the
post-confirmation bankruptcy estate of Century/ML Cable Venture (the “Estate”), Adelphia Communications Corp. (“Adelphia”) and Century Communications Corp.
(“Century” and, together with
Adelphia, the “Adelphia Parties”).
ML Media, the Adelphia Parties  and the
Estate are referred to herein, collectively as the “Parties” or individually as a “Party.”  Capitalized
terms used but not defined herein shall have the meanings ascribed to them in
that certain Interest Acquisition Agreement by and among ML Media, Century,
Century/ML Cable Venture (the “Joint Venture”),
Century/ML Cable Corp. (“Cable Corp”)
and San Juan Cable, LLC, dated as of June 3, 2005 (together with all
letter agreements executed in connection therewith, the “Acquisition Agreement”).

 

Recitals

 

A.           Until a recent bankruptcy court approved
sale, ML Media and Century, an indirect, wholly owned subsidiary of Adelphia,
each held a 50% interest in the Joint Venture.

 

B.             In March 2000, prior to the June 2002
commencement of the bankruptcy cases currently pending in respect of the
Adelphia Parties, ML Media sued, inter alia,
Century and Adelphia in the Supreme Court, New York County, for claims arising
out of alleged violations of a joint venture agreement between the parties in
respect of the Joint Venture (the “State
Court Action”).

 

C.             In December 2001, the parties to the
State Court Action entered into an agreement to settle that litigation. As part of
that agreement, ML Media, the Adelphia Parties, the Joint Venture and Highland
Holdings, a partnership comprised of members of the Rigas family (“Highland”) executed a Leveraged
Recapitalization Agreement, dated December 13, 2001 (the “Recap Agreement”).

 

D.            ML Media subsequently filed suit against
the Adelphia Parties, the Joint Venture, and Highland on June 12, 2002
seeking to enforce its claimed rights under the Recap Agreement and/or damages
for breach of the Recap Agreement (the “Recap
Action”). The Recap Action was subsequently removed to the United
States Bankruptcy Court for the Southern District of New York (the “Court”). In response to the Recap Action,
the Adelphia Parties and the Joint Venture filed counterclaims against ML Media
and sought to set aside the Recap Agreement.

 

E.              The Court dismissed certain counterclaims
of the Adelphia Parties and the Joint Venture on April 15, 2004.

 

F.              The Adelphia Parties subsequently filed
an Amended Answer and Counterclaims (the “Amended
Answer”) on November 23, 2005. Adelphia caused the Joint
Venture to withdraw its remaining counterclaim on January 31, 2006.

 

 

G.              ML Media moved for summary judgment on January 13,
2006 and the Adelphia Parties cross-moved for summary judgment on March 13,
2006.

 

H.            ML Media has filed the following proofs of
claim:  (i) proof of claim number
17714 against Century; (ii) proof of claim number 17715 against Adelphia;
and (iii) proof of claim number 17 against the Joint Venture
(collectively, the “ML Proofs of Claim”).
The Joint Venture has filed the following proofs of claim: (i) proof of
claim number 17711 against Century; (ii) proof of claim number 17712
against Adelphia; (iii) proof of claim number 17713 against Arahova
Communications, Inc. (“Arahova”); (iv) proof
of claim number 17709 against Adelphia; and (v) proof of claim number
17710 against Century Cable Holding Corp. (collectively, the “JV Proofs of Claim” and, together with the
ML Proofs of Claim, the “Proofs of Claim”).

 

I.                 In order to resolve consensually the
disputes that are the subject of the Recap Action and the claims asserted in
the Proofs of Claim, ML Media and the Adelphia Parties agreed to mediation. The
Court appointed Tina L. Brozman, a partner of Bingham McCutchen LLP, mediator
(the “Mediator”) pursuant to a
Consent Order Appointing Mediator dated April 12, 2006 (the “Mediation Order”).

 

J.                The Parties met with the Mediator for
two days (April 17, 2006 and April 18, 2006) and have agreed to an
amicable resolution of all of the disputes remaining between ML Media and the
Adelphia Parties, and between the Joint Venture and all other Parties.

 

NOW, THEREFORE, in consideration of the
premises and mutual covenants set forth herein, and for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the Parties agree as follows:

 

ARTICLE I

CONSIDERATION
AND TIMING

 

Section 1.1.                                   Dismissal
of Litigation; Payment of Settlement Amount.

 

a)              In consideration of Century’s
agreement to the release of the funds held in the ML Media Escrow Account (as
defined in the Sellers Escrow Agreement (the “Sellers
Escrow Agreement”) dated as of October 31, 2005 among ML Media,
Century and The Bank of New York, as escrow agent (the “Escrow Agent”)) and payment of the
Settlement Amount (as defined below), and the other terms and conditions of
this Settlement Agreement, ML Media shall (i) dismiss with prejudice all
pending litigation against the Joint Venture, the Estate, the Adelphia Parties,
and Arahova including the State Court Action (styled ML Media Partners, L.P. v. Century Communications Corp., et al.,
Index No. 601298/00) and the Recap Action (styled ML Media Partners, L.P. v. Century/ML Cable Venture,
et al., Adv. Pro. No. 02-02544 (REG)), (ii) withdraw with
prejudice the ML Proofs of Claim, (iii) authorize the withdrawal with
prejudice of the JV Proofs of Claim; and (iv) consent to the release in
accordance with Section 1.4 hereof of all amounts held in the Century
Escrow Account (as defined in Section 1.4). On the date hereof, ML Media
shall execute, or cause the appropriate counsel to execute, stipulations of
dismissal with prejudice in respect of each such pending action and

 

2

 

the Proofs of Claim, to be held in escrow
pending receipt of payment in full of the amounts held in the ML Media Escrow
Account and the Settlement Amount.

 

b)             In consideration of
ML Media’s agreement to the dismissal with prejudice of all pending litigation
against the Adelphia Parties and Arahova, the withdrawal of the Proofs of Claim
and the other terms and conditions of this Settlement Agreement, the Adelphia Parties
shall (i) consent to the release to ML Media in accordance with section 1.4
hereof of all amounts held in the ML Media Escrow Account, (ii) upon entry
of an order of the Bankruptcy Court approving this Settlement Agreement (the “Approval Order”) agree to have the Century
Escrow Account (as defined in the Sellers Escrow Agreement) divided
into two parts:  Part M equal to $87
million (plus any interest pursuant to Section 1.4(b) collectively,
the “Settlement Amount”) and Part C
representing the balance, and (iii) dismiss with prejudice any
counterclaims brought by them or by the Joint Venture (to the extent not
previously dismissed) in the State Court Action and Recap Action. On the date
hereof, the Adelphia Parties and the Estate shall execute, or shall cause the
appropriate counsel to execute, stipulations of dismissal with prejudice in
respect of each such pending action, to be held in escrow pending release of
the stipulations of dismissal provided by ML Media pursuant to section 1.1(a) above.

 

Section 1.2.                                   Assumption
of Certain Liabilities; Assignment of Rights. Notwithstanding anything
herein, in the Acquisition Agreement or otherwise to the contrary, subject to
entry of the Approval Order, the Adelphia Parties are responsible for, and
shall satisfy, (i) all Liabilities of the Sellers based upon, arising out
of or related to the Acquisition Agreement, including, but not limited to, any
determination of Working Capital or any adjustment of the Purchase Price, any
claim asserted by the Buyer for indemnification or otherwise, and any
post-closing liability or obligation of the Sellers other than a breach by ML
Media of its obligations under sections 5.1, 7.1(b), and the access
provisions of the last sentence of section 7.7 of the Acquisition
Agreement (the “Mid-Ocean Liabilities”),
and (ii) all Excluded Liabilities; provided, however, such obligation is
not intended to, and shall not, cause any Mid-Ocean Liabilities or Excluded
Liabilities that are recourse only to specified funds to cease being of limited
recourse. The Adelphia Parties shall jointly and severally indemnify, defend
and hold harmless ML Media from and against any liability, damage or expense
(including, but not limited to, legal fees and expenses) resulting from:  (x) any Mid-Ocean Liabilities, (y) 
any Excluded Liabilities or (z) any Liability of the Cable Venture or
Cable Corp. that became a liability of the Buyer upon consummation of the
transactions set forth in Section 2.1 of the Acquisition Agreement;
provided, however, that the Adelphia Parties shall have no obligation to
indemnify ML Media for any liability or damage pursuant to this clause (z)
(as opposed to a cost of defense (which obligation shall not be affected by
this proviso)) until there shall be an order of a court of competent
jurisdiction, not subject to a bond or a stay pending appeal which delays the
requirement of payment, assessing such liability against ML Media (nothing
contained in this Agreement is intended to, or shall, alter the ultimate
liability of Buyer for such Liabilities) (clauses (x) through (z) are
collectively referred to as the “Indemnified Liabilities”).
If any claim is brought against ML Media with respect to any Indemnified
Liabilities, the Adelphia Parties shall have the right to assume the defense of
that claim on behalf of ML Media. In the event the Adelphia Parties notify ML
Media that the Adelphia Parties are assuming the defense of such matter, (a) the
Adelphia Parties shall defend ML Media against the matter with counsel of

 

3

 

their choice reasonably satisfactory to ML
Media and unless the Adelphia Parties exercise a Reservation of Rights (as
defined below), the Adelphia Parties shall have no further obligation to
indemnify ML Media for costs of defense, (b) ML Media may retain
separate counsel at its sole cost and expense, provided that if the Adelphia
Parties exercise a Reservation of Rights and it is ultimately determined that
the Adelphia Parties were obligated to provide indemnification pursuant to this
section on the matters subject to the Reservation of Rights, then such
separate counsel and the cost of defense shall be paid by the Adelphia Parties,
(c) ML Media shall cooperate in the defense of the matter and shall not
consent to the entry of a judgment or enter into any settlement with respect to
the matter without the written consent of the Adelphia Parties, and (d) the
Adelphia Parties shall not consent to the entry of a judgment with respect to
the matter or enter into any settlement which does not include a provision
whereby the plaintiff or claimant in the matter releases ML Media from all
liability with respect thereto, without the written consent of ML Media. Assumption
of the defense by the Adelphia Parties shall constitute an acknowledgement by
the Adelphia Parties that the claim being defended is subject to
indemnification pursuant to this Section 1.2, unless the Adelphia Parties,
concurrent with such assumption, expressly reserve their rights to dispute
whether or not the claim is a proper subject for indemnification, including the
specific basis for such dispute (a “Reservation of Rights”).

 

Section 1.3.                                   Other
Consideration.

 

a)              Upon entry of the
Approval Order ML Media shall assign and transfer the following to a new escrow
account to be established under the Sellers Escrow Agreement (the “New Escrow”), provided that to the extent such transferred
property constitutes property other than cash and cash equivalents, Century
shall control such property so long as ownership continues in the New
Escrow:  (i) except as provided in section 1.3(c) or
(d):  (x) all of ML Media’s rights under
the JV Plan of Reorganization (defined below), and (y) all of ML Media’s rights
under the Acquisition Agreement, including the right to receive 50% of the Deferred
Purchase Price and the right to receive funds otherwise payable from the
Indemnity Escrow Account, (ii) all of ML Media’s rights to any amounts
held under the Escrow Agreement or the escrow with respect to the Citibank
liens; (iii) all of ML Media’s rights to the Transferred Assets; (iv) all
of ML Media’s rights to receive any refund payable with respect to pre-paid
workers’ compensation insurance for the Joint Venture; and (v) any
proceeds of the foregoing received from the date hereof to the date the
Approval Order is entered.

 

b)             Upon the Approval
Order becoming a Final Order:  (i) ML
Media and Century shall terminate the Estate Administration Agreement between
them; and (ii) all property transferred to the New Escrow pursuant to
paragraph (a) above and all proceeds thereof and earnings thereon shall be
released to Century.

 

c)              Upon entry of the
Approval Order and notwithstanding anything to the contrary contained in the
Estate Administration Agreement (which shall be suspended upon entry of the Approval
Order), the Adelphia Parties shall perform all obligations of the Sellers,
and assume all of the duties of the Sellers, under the Acquisition Agreement or
the plan of reorganization of the Joint Venture (the “JV Plan of Reorganization”) and shall have
the sole and exclusive right to exercise

 

4

 

all rights of the Sellers (in each case other
than those that are personal to ML Media such as sections 7.1(b) and the
last sentence of section 7.7 of the Acquisition Agreement) under the
Acquisition Agreement or the JV Plan of Reorganization, such rights shall
include the sole and exclusive right to settle or dispute all Purchase Price
Adjustments with the purchaser of the Joint Venture.

 

d)             Effective upon entry
of the Approval Order ML Media shall transfer all funds in the Plan Funding
Reserve and the Disputed Claim Reserve to an account designated by Adelphia,
and notwithstanding anything to the contrary contained in the Estate
Administration Agreement (which shall be suspended upon entry of the Approval
Order), the Adelphia Parties shall be responsible for paying, disputing, or
settling all claims against such Plan Funding Reserve and Disputed Claim
Reserve (and prior to the Approval Order becoming a Final Order may only
use the Plan Funding Reserve and Disputed Claim Reserve (x) for such purpose,
(y) to pay taxes on the earnings on such reserves, and (z) and to fulfill the
indemnification obligations arising under Section 1.2) and all income
taxes payable on the interest earned on the funds in such account from January 1, 2006.
Any refund received with respect to pre-paid workers’ compensation insurance,
any income tax refunds or any other amounts payable to the Estate shall be
deposited into the Century Escrow Account.

 

e)              ML Media and the
Adelphia Parties will cause the Joint Venture to discontinue with prejudice the
adversary proceeding pending before the United States Court, styled Century/ML Cable Venture, et al. v. John J. Rigas,
et al., Adv. Pro. No. 04-04369 (REG). On the date hereof, ML Media and the
Adelphia Parties shall each execute a stipulation of dismissal in respect of
the aforementioned action to be held in escrow pending release of the
stipulations of dismissal provided by ML Media pursuant to section 1.1(a) above.
If Highland shall refuse to sign the stipulation of dismissal, then the
Adelphia Parties shall apply to the Court for the voluntary dismissal of the
action on behalf of the Joint Venture.

 

f)                Within three
Business Days (as defined in Section 1.4 below) of the entry of the Final
Order, Adelphia will file a notice of dismissal with prejudice pursuant to Fed.
R. Civ. P. 41(a) as to ML Media and the Joint Venture of the adversary
proceeding filed before this Court under the caption Adelphia Communications Corp. v. Dibbern, et al., Index No. AP-06-1355
(REG).

 

g)             All litigation that
pursuant to the terms of this Settlement Agreement is to be dismissed at or
after the time that the Approval Order becomes a Final Order and/or the
Settlement Amount is paid shall be stayed pending the occurrence of such events
or the termination of this Settlement Agreement.

 

Section 1.4.                                   Timing
of Release of ML Media Escrow Account and Timing of Payment of Settlement
Amount.

 

a)              Adelphia and Century
shall consent to the release of all amounts in the ML Media Escrow Account upon
the execution of this Settlement Agreement and, as required by the Sellers
Escrow Agreement, Century and ML Media shall deliver to the Escrow Agent a copy
of a Court order ordering payment, and joint

 

5

 

instructions to make payment, of all amounts
in the ML Media Escrow Account to ML Media within three Business Days after the
execution of this Settlement Agreement. A form of stipulation and order
reflecting such consent is annexed as Exhibit A and shall be executed
simultaneously with the execution of this Settlement Agreement and submitted to
the Court within one Business Day after the execution of this Settlement
Agreement.

 

b)             Part M of the Century
Escrow Account shall be established upon the Approval Order being entered. In
the event that the Approval Order is not entered on or before May 30, 2006,
the Settlement Amount shall begin to accrue interest from that day forward
until the Approval Order is entered at an annual rate of 9% (nine per centum).

 

c)              Upon the Approval
Order becoming a Final Order, Part M of the Century Escrow Account
(including any interest payable pursuant to Section 1.4(b)), plus
(x) the actual net earnings thereon from the date of the entry of the
Approval Order to the earlier of (i) the six month anniversary of the date
of entry of the Approval Order (the “SMA”), or (ii) the
date the Approval Order becomes a Final Order, and (y) if the Approval
Order does not become a Final Order until after the SMA, interest at the rate
of 9% per annum on $87 million from the SMA to the date of payment of the
Settlement Amount, shall be released to ML Media, and the balance of the
Century Escrow Account shall be released to Century.

 

Section 1.5.                                   Timing
/ Court Approval. Adelphia shall schedule a proceeding for approval of
this Settlement Agreement no later than the Court’s first available hearing
date following ten days following the first Business Day after the date of this
Agreement. The Parties’ performance of any of the obligations set forth herein
shall be conditioned upon entry of the Approval Order in a form reasonably
acceptable to ML Media and the Adelphia Parties. In the event an appeal is
taken from the Approval Order, Adelphia shall seek expedited treatment of such
appeal. In the event that the Approval Order is denied or entered but
ultimately reversed, this Settlement Agreement shall terminate and be of no
further force and effect; provided, however, that (a) ML Media shall have
the right to retain the amounts distributed to ML Media from the ML Media
Escrow Account, (b) ML Media shall reimburse Adelphia (or to the
extent paid from the Plan Funding Reserve, shall reimburse the Plan Funding
Reserve) for indemnification payments made to, or costs incurred on behalf of,
ML Media pursuant to Section 1.2, (c) all property transferred
to the New Escrow by ML Media shall be returned to ML Media, and the Century
Escrow Account shall be returned to a single account governed by the Sellers
Escrow Agreement, and (d) ML Media shall be bound by all action taken
by the Adelphia Parties pursuant to Section 1.3(c) or 1.3(d) prior
to the termination of this Settlement Agreement (but this shall not be deemed a
waiver of any rights that ML Media may have against the Adelphia Parties:
(x) arising prior to the date of this Settlement Agreement, or (y) arising
after the date of this Settlement Agreement for actions taken by the Adelphia
Parties pursuant to Section 1.3(c) or 1.3(d) that constitute
gross negligence, willful misconduct or fraud).

 

6

 

ARTICLE II

RELEASES

 

Section 2.1.                                   Mutual
General Releases. Effective as of the date when ML Media receives payment
of the Settlement Amount:

 

a)              Except with respect
to any rights or causes of action accruing under this Settlement Agreement, ML
Media, for itself, its successors and assigns, hereby waives, releases and
forever discharges the Adelphia Parties, the Estate and their successors and
affiliates, and each of their past, present, and future officers, directors,
partners, members, employees, agents, and servants (collectively, the “Adelphia Released Parties”) from any and all claims,
obligations, demands, actions, causes of action and liabilities, of whatsoever
kind and nature, character and description, whether in law or equity, whether
sounding in tort, contract or under other applicable law, whether known or
unknown, and whether anticipated or unanticipated, of or to ML Media, which ML
Media and its successors and assigns ever had, now have or may ever have
against the Adelphia Released Parties, including, without limitation, those
arising from any event, transaction, matter, circumstance or fact in any way
arising out of, arising as a result of, related to, with respect to or in
connection with or based in whole or in part on the Joint Venture, the
State Court Action, the Recap Agreement, the Recap Action, or the Proofs of
Claim (such claims, obligations, demands, actions, causes of action and
liabilities referred to herein collectively as the “ML Claims”); provided, however, that this release does
not extend to and shall not be deemed to include, (i) Buchanan Ingersoll,
P.C. and any employees or shareholders thereof and (ii) the members of the
Rigas family who are or were partners in Highland.

 

b)             Except with respect
to any rights or causes of action accruing under this Settlement Agreement, the
Adelphia Parties and the Estate, for themselves, their successors and assigns,
hereby waive, release and forever discharge ML Media and its successors and
affiliates, and each of their respective past, present, and future officers,
directors, partners (and past, present and future officers, directors,
employees, agents and partners of the general partner of ML Media and the
partners of the general partner of ML Media), members, employees, agents, and
servants (collectively, the “ML Media Released Parties”)
from any and all claims, obligations, demands, actions, causes of action and
liabilities, of whatsoever kind and nature, character and description, whether
in law or equity, whether sounding in tort, contract or under other applicable
law, whether known or unknown, and whether anticipated or unanticipated, of or
to the Adelphia Parties, which the Adelphia Parties and their successors and
assigns ever had, now have or may ever have against the ML Media Released
Parties, including, without limitation, those arising from any event,
transaction, matter, circumstance or fact in any way arising out of, arising as
a result of, related to, with respect to or in connection with or based in
whole or in part on the Joint Venture, the State Court Action, the Recap
Agreement, the Recap Action or the Proof of Claims (such claims, obligations,
demands, actions, causes of action and liabilities referred to herein
collectively as the “Adelphia Parties Claims”).

 

7

 

c)              The consequences of
the foregoing waiver provisions have been explained by each of the Parties’
respective counsel. Each of the Parties acknowledges that it may hereafter
discover facts different from, or in addition to, those it now knows or
believes to be true with respect to the ML Claims or the Adelphia Parties
Claims (as the case may be), and agrees that this Settlement Agreement and
the releases contained herein shall be and remain effective in all respects
notwithstanding such different or additional facts or the discovery thereof.

 

d)             To the extent
applicable law would not otherwise recognize the provisions of subsections (a) and
(b) of this Section 2.1 as constituting a full and final release
applying to all unknown and unanticipated claims, as well as those now known or
disclosed, the Parties hereby expressly waive all rights or benefits which
either one or both of them may have now or in the future under any such
applicable law.

 

ARTICLE III

REPRESENTATIONS
AND WARRANTIES

 

Section 3.1.                                   ML
Media Due Organization, Standing and Authority. ML Media is a limited
partnership duly organized under the laws of the State of Delaware, validly
existing and in good standing under the laws of the jurisdiction of its
formation. ML Media has all necessary power and authority to execute, deliver
and perform its obligations under this Settlement Agreement as
contemplated by its formation agreements, by-laws, or other charter,
organizational or governing documents.

 

Section 3.2.                                   Adelphia
Due Organization, Standing and Authority. Adelphia is a corporation duly
organized under the laws of the State of Delaware, validly existing and in good
standing under the laws of the jurisdiction of its formation. Subject to the
receipt of the Court approval described herein, Adelphia has all necessary
power and authority to execute, deliver and perform its obligations under
this Settlement Agreement as contemplated by its formation agreements, by-laws,
or other charter, organizational or governing documents.

 

Section 3.3.                                   Century
Due Organization, Standing and Authority. Century is a corporation duly
organized under the laws of the State of Texas, validly existing and in good
standing under the laws of the jurisdiction of its formation. Subject to the
receipt of the Court approval described herein, Century has all necessary power
and authority to execute, deliver and perform its obligations under this
Settlement Agreement as contemplated by its formation agreements, by-laws, or
other charter, organizational or governing documents.

 

Section 3.4.                                   Representations
and Warranties in Respect of the Acquisition Agreement.

 

a)              ML Media represents
and warrants that the representations and warranties it made in section 5.1
of the Acquisition Agreement were true both when made and as of October 31,
2005, and hereby indemnifies and holds harmless the Adelphia Parties for any
damages incurred by the Adelphia Parties as a result of any breaches of such
representations and warranties by ML Media.

 

8

 

b)             Century represents
and warrants that the representations and warranties it made in section 5.2
of the Acquisition Agreement were true both when made and as of October 31,
2005, and the Adelphia Parties hereby indemnify and hold harmless ML Media for
any damages incurred by ML Media as a result of any breaches of such
representations and warranties by Century.

 

ARTICLE IV

MISCELLANEOUS

 

Section 4.1.                                   Notices.
All notices, demands and other communications hereunder shall be in writing and
shall be deemed to have been duly given:

 

a)              when personally
delivered;

 

b)             upon actual receipt
(as established by confirmation of receipt or otherwise) during normal business
hours, otherwise on the first Business Day thereafter; or

 

c)              when sent by
overnight courier with charges prepaid on the Business Day of scheduled
delivery; in each case, to the following addresses, or to such other addresses
as a Party may from time to time specify by notice to the other Party
given pursuant hereto.

 

If to ML Media, to:

 

RP Companies, Inc.

150 East 52
Street, 21st Floor

New York, New
York 10022

Telephone:  (212) 980-7110

Telecopy:    (212) 980-8374

Attention:    Elizabeth McNey Yates

 

With a copy to:

 

Proskauer Rose
LLP

1585 Broadway

New York, New
York 10036

Telephone:  (212) 969-3465

Telecopy:    (212) 969-2900

Attention:    Bradley I. Ruskin, Esq.

 

If to the Estate, to Century and ML Media,
with a copy to:

 

Morgan Lewis &
Bockius LLP

101 Park
Avenue

New York, New
York 10178

Telephone:  (212) 309-6000

Telecopy:    (212)

Attention:    Richard Toder, Esq.

 

9

 

If to Adelphia, to:

 

Adelphia
Communications Corporation

5619 DTC
Parkway - 8th Floor

Greenwood
Village, Colorado  80111

Telephone:                                    (303)
268-6458

Telecopy:                                           (303)
268-6662

Attention:                                         General
Counsel

 

If to Century, to:

 

Century
Communications Corporation

c/o Adelphia
Communications Corporation

5619 DTC
Parkway - 8th Floor

Greenwood
Village, Colorado  80111

Telephone:                                    (303)
268-6458

Telecopy:                                           (303)
268-6662

Attention:                                         General
Counsel

 

Section 4.2.                                   Covenant
Not to Take Action in Breach of Representations and Warranties. The Parties
agree not to take any actions that will result, whether directly or indirectly,
in the breach of their respective representations, warranties, agreements,
covenants or obligations contained in this Settlement Agreement.

 

Section 4.3.                                   GOVERNING
LAW/JURISDICTION. THIS SETTLEMENT AGREEMENT AND THE RIGHTS AND DUTIES OF
THE PARTIES HEREUNDER WILL BE GOVERNED BY AND CONSTRUED, ENFORCED AND PERFORMED
IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO
PRINCIPLES OF CONFLICTS OF LAWS THAT WOULD REQUIRE THE APPLICATION OF LAWS OF
ANOTHER JURISDICTION. THE PARTIES ACKNOWLEDGE AND AGREE THAT THE BANKRUPTCY
COURT SHALL HAVE THE EXCLUSIVE JURISDICTION OVER THIS SETTLEMENT AGREEMENT AND
THAT ANY CLAIMS ARISING OUT OF OR RELATED IN ANY MANNER TO THIS SETTLEMENT
AGREEMENT SHALL BE PROPERLY BROUGHT ONLY BEFORE THE BANKRUPTCY COURT. IF AND TO
THE EXTENT THAT THE BANKRUPTCY CASES ARE CLOSED OR DISMISSED, THE COURTS OF THE
STATE OF NEW YORK AND THE UNITED STATES DISTRICT COURT LOCATED IN THE BOROUGH
OF MANHATTAN IN NEW YORK CITY SHALL HAVE EXCLUSIVE JURISDICTION OVER THIS
SETTLEMENT AGREEMENT AND ANY SUCH CLAIMS.

 

Section 4.4.                                   Entire
Agreement. This Settlement Agreement contains the entire agreement among
the Parties with respect to the subject matter hereof and there are no
agreements, understandings, representations or warranties among the Parties
other than those set forth or referred to herein.

 

Section 4.5.                                   Severability.
In case any provision of this Settlement Agreement shall be determined to be
invalid, illegal or unenforceable for any reason, the remaining provisions of
this Settlement Agreement shall be unaffected and unimpaired thereby, and shall
remain in full force and effect, to the fullest extent permitted by applicable
law.

 

10

 

Section 4.6.                                   Survival
of Representations. All representations, warranties, agreements, covenants
and obligations herein are material, shall be deemed to have been relied upon
by the other Parties, and shall survive the date hereof.

 

Section 4.7.                                   Successors
and Assigns. This Settlement Agreement shall be binding upon and inure to
the benefit of the Parties hereto and their respective successors and assigns,
including, without limitation, any trustee appointed pursuant to the provisions
of the Bankruptcy Code.

 

Section 4.8.                                   No
Admission of Liability. This Settlement Agreement is not an admission of
any liability but is a compromise and settlement of the State Court Action,
Recap Action, and Proofs of Claim. This Settlement Agreement shall not be
treated as an admission of liability. All communications (whether oral or in
writing) between and/or among the Parties, their counsel and/or their
respective representatives relating to, concerning or in connection with this Settlement
Agreement, or the matters covered hereby and thereby, shall be governed and
protected in accordance with Federal Rule of Evidence 408 and New York
Civil Practice Law and Rules Section 4547 to the fullest extent
permitted by law.

 

Section 4.9.                                   Interpretation.
This Settlement Agreement has been drafted by Bingham McCutchen LLP at the
request of the Parties. The Parties have been represented in the negotiation of
this document through their legal counsel. No provision or ambiguity in this
Settlement Agreement shall be resolved against any Party solely by virtue of
its participation in the drafting of this Settlement Agreement.

 

Section 4.10.                             Limitation
of Liability. Bingham McCutchen LLP has drafted this Settlement Agreement
pursuant to Ms. Brozman’s role as Mediator as set forth in the Mediation
Order. The Mediator, Bingham McCutchen LLP, and the personnel of Bingham
McCutchen LLP who have assisted the Mediator in the mediation of the disputes
resolved hereby and the drafting of this Settlement Agreement shall be entitled
to the applicable immunity described in paragraph 4 of the Mediation Order.

 

Section 4.11.                             Attorneys’
Fees. Each Party shall be responsible for the payment of its own costs and
expenses (including attorneys’ fees). Notwithstanding the foregoing, in any
action or proceeding to enforce this Settlement Agreement, the prevailing Party
shall be entitled to payment of its costs and expenses (including attorneys’
fees).

 

Section 4.12.                             Captions.
The captions of this Settlement Agreement are for convenience only and are not
a part of this Settlement Agreement and do not in any way limit or amplify
the terms and provisions of this Settlement Agreement and shall have no effect
on its interpretation.

 

Section 4.13.                             Counterparts.
This Settlement Agreement may be executed in counterparts, by either an
original signature or signature transmitted by facsimile transmission or other
similar process and each copy so executed shall be deemed to be an original and
all copies so executed shall constitute one and the same agreement.

 

[Remainder of Page Intentionally
Left Blank; Next Page is Signature Page.]

 

11

 

IN WITNESS
WHEREOF, the Parties have signed this Settlement Agreement in multiple
counterparts as of the day and date first set forth above.

 

	
   

  	
  ML MEDIA PARTNERS, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Media Management Partners,

  
	
   

  	
   

  	
    its
  general partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Betsy Yates

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  ADELPHIA
  COMMUNICATIONS

  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Vanessa Wittman

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  CENTURY COMMUNICATIONS CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Vanessa Wittman

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  ESTATE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:  Century Communications Corp.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Vanessa Wittman

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:  ML Media Partners, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Media Management Partners, 

  
	
   

  	
   

  	
   

  	
    its
  general partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Betsy Yates

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   

  
							

 

12

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