Document:

Purchase Agreement dated February 3, 2005

 Exhibit 10.2 
  
 TIME WARNER TELECOM HOLDINGS INC. 
  
 $200,000,000 of 91⁄4% SENIOR NOTES DUE 2014 
  
 PURCHASE AGREEMENT 
  
 February 3, 2005 
  

  
 February 3, 2005 

 
 Morgan Stanley & Co. Incorporated 
 Lehman Brothers Inc. 
 Wachovia Capital Markets, LLC 
  

	c/o	Morgan Stanley & Co. Incorporated 

	    	1585 Broadway 

	    	New York, New York 10036 

  
 Dear Sirs and Mesdames: 
  
 Time
Warner Telecom Holdings Inc., a Delaware corporation (the “Company”), proposes to issue and sell to the several purchasers named in Schedule I hereto (the “Initial Purchasers”) $200,000,000 principal amount of its
Senior Notes due 2014 (the “Securities”) to be issued pursuant to the provisions of an Indenture dated as of the Closing Date (as defined in Section 4 hereof) (the “Indenture”) among the Company, Time Warner Telecom
Inc., the parent of the Company (“TWT Inc.”), certain subsidiaries of the Company and TWT Inc. listed in Schedule II hereto (collectively, the “Subsidiary Guarantors” and together with TWT Inc., the
“Guarantors”) and Wells Fargo Bank, National Association (the “Trustee”). The obligations of the Company under the Securities and the Indenture will be unconditionally guaranteed on a senior unsecured basis by the
Guarantors pursuant to the terms of the Indenture (the “Guarantees”). 
  
 The Securities will be offered without being registered under the Securities Act of 1933, as amended (the “Securities Act”), to qualified institutional buyers in compliance with the exemption from
registration provided by Rule 144A under the Securities Act and in offshore transactions in reliance on Regulation S under the Securities Act (“Regulation S”). 
  
 The Initial Purchasers and their direct and indirect transferees will be entitled to the benefits of a Registration Rights
Agreement dated the Closing Date among the Company, the Guarantors and the Initial Purchasers (the “Registration Rights Agreement”). 
  
 In connection with the sale of the Securities, the Company and the Guarantors have prepared a preliminary offering memorandum (the “Preliminary
Memorandum”) and will prepare a final offering memorandum (the “Final Memorandum” and, with the Preliminary Memorandum, each a “Memorandum”) including or incorporating by reference descriptions of the terms
of the Securities, the terms of the offerings and a description of the Company and the Guarantors. As used herein, the term “Memorandum” shall include in each case the documents incorporated by reference therein. The terms
“supplement”, “amendment” and “amend” as used herein with respect to a Memorandum shall include all documents deemed to be incorporated by reference in the Preliminary Memorandum or Final Memorandum
that are filed subsequent to the date of such Memorandum with the Securities and Exchange Commission (the “Commission”) pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”). 

 

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 1. Representations and Warranties. Each of the Company and the Guarantors, jointly and severally,
represents and warrants to, and agrees with, you that: 
  
 (a) (i) Each document, if any, filed or to be filed pursuant to the Exchange Act and incorporated by reference in either Memorandum complied or will comply when so filed in all material respects with the Exchange Act and the applicable
rules and regulations of the Commission thereunder and (ii) the Preliminary Memorandum does not contain and the Final Memorandum, in the form used by the Initial Purchasers to confirm sales and on the Closing Date, will not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, except that the representations and warranties set forth in this
paragraph do not apply to statements or omissions in either Memorandum based upon information relating to any Initial Purchaser furnished to the Company in writing by such Initial Purchaser through you expressly for use therein. 
  
 (b) Each of the Company and TWT Inc. has been duly
incorporated, is validly existing as a corporation in good standing under the laws of the jurisdiction of its incorporation, has the corporate power and authority to own its property and to conduct its business as described in each Memorandum and is
duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified or be
in good standing would not have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole. For the purpose of this Agreement, the term “subsidiary” refers to all direct and indirect subsidiaries. 
  
 (c) Each subsidiary of TWT Inc. (other than the Company) has
been duly incorporated or, in the case of partnerships or limited liability companies, duly organized, is validly existing as a corporation, a partnership or a limited liability company, as the case may be, in good standing under the laws of the
jurisdiction of its incorporation or organization, has the corporate power or power as a partnership or limited liability company, as applicable and authority to own its property and to conduct its business as described in each Memorandum and is
duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified or be
in good standing would not have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole; all of the issued shares of capital stock of each subsidiary of TWT Inc. that is a corporation have been duly and validly authorized and
issued, are fully paid and non-assessable and are owned directly or indirectly by TWT Inc. and the Company, free and clear of any security interest, mortgage, pledge, lien, encumbrance or claim (collectively, “Liens”), except for
the Liens expressly permitted under the Indenture (“Permitted Liens”), and all of the partnership interests and membership interests in each subsidiary of TWT Inc. that is a partnership or a limited liability company, as the case
may be, are owned directly or indirectly by TWT Inc. and the Company, free and clear of all Liens, except for Permitted Liens. 
  

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 (d) This Agreement has been duly authorized, executed and delivered by the Company and
the Guarantors. 
  
 (e) The Securities have been
duly authorized by the Company and, when executed and authenticated in accordance with the provisions of the Indenture and delivered to and paid for by the Initial Purchasers in accordance with the terms of this Agreement, will be valid and binding
obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and general principles of equity, and will be entitled to the benefits of
the Indenture and the Registration Rights Agreement. 
  
 (f) The Guarantees have been duly authorized by each of the Guarantors and, when executed and delivered by each Guarantor, will be valid and binding obligations of such Guarantor, enforceable in accordance with their terms, subject to
applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and general principles of equity, and will be entitled to the benefits of the Indenture and the Registration Rights Agreement. 
  
 (g) The Indenture has been duly authorized and, when
executed and delivered by the Company and each Guarantor, will be a valid and binding agreement of the Company and each Guarantor, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws affecting
creditors’ rights generally and general principles of equity. 
  
 (h) The Registration Rights Agreement has been duly authorized and, when executed and delivered by the Company and each Guarantor, will be a valid and binding agreement of the Company and each Guarantor, enforceable
in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and general principles of equity and except as rights to indemnification and contribution under the Registration
Rights Agreement may be limited under applicable law. 
  
 (i) The execution and delivery by the Company and each Guarantor of, and the performance by the Company and each Guarantor of its obligations under, this Agreement, the Indenture, the Registration Rights Agreement, the Securities (in the
case of the Company), and the Guarantees (in the case of the Guarantors) will not contravene any provision of applicable law or the certificate of incorporation or by-laws of TWT Inc. or any of its subsidiaries or any agreement or other instrument
binding upon TWT Inc. or any of its subsidiaries that is material to TWT Inc. and its subsidiaries, taken as a whole (including, without limitation, all agreements and indentures listed as Exhibits to TWT Inc.’s Annual Report on Form 10-K for
its fiscal year ended December 31, 2003), or any judgment, order or decree of any governmental body, agency or court having jurisdiction over TWT Inc. or any of its subsidiaries, and no consent, approval, authorization or order of, or qualification
with, any governmental body or agency is required for the performance by the Company or each Guarantor of its obligations under this Agreement, the Indenture, the Registration Rights Agreement, the Securities (in the case of the Company) or the
Guarantees (in the case of the Guarantors), except (1) such as may be 

  

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required by the securities or Blue Sky laws of the various states in connection with the offer and sale of the Securities, (2) by Federal and state
securities laws with respect to the Company’s and each Guarantor’s obligations under the Registration Rights Agreement, (3) as set forth in the Memorandum (4) such other consents and approvals as shall have been obtained on or prior to the
date of this Agreement and (5) regulatory approvals required in connection with the provision of Guarantees by certain Subsidiary Guarantors. The Company has filed with the Commission all exhibits required to be filed pursuant to Item 601 of
Regulation S-K. 
  
 (j) There has not occurred
any material adverse change, or any development involving a prospective material adverse change, in the condition, financial or otherwise, or in the earnings, business or operations of TWT Inc. and its subsidiaries, taken as a whole, from that set
forth in the Memorandum. 
  
 (k) There are no
legal or governmental proceedings pending or, to the knowledge of the Company, threatened to which TWT Inc. or any of its subsidiaries is a party or to which any of the properties of TWT Inc. or any of its subsidiaries is subject other than
proceedings accurately described in all material respects in each Memorandum and proceedings that would not have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole, or on the power or ability of the Company or the
Guarantors to perform their obligations under this Agreement, the Indenture, the Registration Rights Agreement, the Securities (in the case of the Company) or the Guarantees (in the case of the Guarantors) or to consummate the transactions
contemplated by the Memorandum. 
  
 (l) TWT Inc.
and its subsidiaries (i) are in compliance with any and all applicable foreign, federal, state and local laws and regulations relating to the protection of human health and safety, the environment or hazardous or toxic substances or wastes,
pollutants or contaminants (“Environmental Laws”), (ii) have received all permits, licenses or other approvals required of them under applicable Environmental Laws to conduct their respective businesses and (iii) are in compliance
with all terms and conditions of any such permit, license or approval, except where such noncompliance with Environmental Laws, failure to receive required permits, licenses or other approvals or failure to comply with the terms and conditions of
such permits, licenses or approvals would not, singly or in the aggregate, have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole. 
  

(m) There are no costs or liabilities associated with Environmental Laws (including, without limitation, any capital or operating
expenditures required for clean-up, closure of properties or compliance with Environmental Laws or any permit, license or approval, any related constraints on operating activities and any potential liabilities to third parties) which would, singly
or in the aggregate, have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole. 
  
 (n) Neither the Company nor any Guarantor is, and after giving effect to the offering and sale of the Securities and the application of
the proceeds thereof as described in the Memorandum neither the Company nor any Guarantor will be required to register 

  

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as, an “investment company” as such term is defined in the Investment Company Act of 1940, as amended. 
  
 (o) Neither the Company, any Guarantor nor any affiliate (as
defined in Rule 501(b) of Regulation D under the Securities Act, an “Affiliate”) of the Company or any Guarantor has directly, or through any agent, (i) sold, offered for sale, solicited offers to buy or otherwise negotiated in respect of,
any security (as defined in the Securities Act) which is or will be integrated with the sale of the Securities in a manner that would require the registration under the Securities Act of the Securities or (ii) engaged in any form of general
solicitation or general advertising in connection with the offering of the Securities (as those terms are used in Regulation D under the Securities Act), or in any manner involving a public offering within the meaning of Section 4(2) of the
Securities Act; provided, however, that, in each case, no such representation or warranty is made by the Company or any Guarantor with respect to any actions taken by the Initial Purchasers. 
  
 (p) None of the Company, any Guarantor, their Affiliates or
any person acting on its or their behalf has engaged or will engage in any directed selling efforts (within the meaning of Regulation S) with respect to the Securities and the Company, each Guarantor and their Affiliates and any person acting on its
or their behalf have complied and will comply with the offering restrictions requirement of Regulation S, except no representation, warranty or agreement is made by the Company or any Guarantor in this paragraph with respect to the Initial
Purchasers. 
  
 (q) Assuming that the
representations and warranties of the Initial Purchasers in Section 7 are true, correct and complete and assuming compliance by the Initial Purchasers with their covenants in Section 7, it is not necessary in connection with the offer, sale and
delivery of the Securities to the Initial Purchasers in the manner contemplated by this Agreement to register the Securities or the Guarantees under the Securities Act or to qualify the Indenture under the Trust Indenture Act of 1939, as amended.

  
 (r) The Securities and the Guarantees satisfy
the requirements set forth in Rule 144A(d)(3) under the Securities Act. 
  
 (s) The Securities and the Guarantees conform in all material respects to the description thereof contained in the Memorandum under the heading “Description of Notes.” 
  
 (t) Subsequent to the respective dates as of which
information is given in the Memorandum, (i) TWT Inc. and its subsidiaries have not incurred any material liability or obligation, direct or contingent, nor entered into any material transaction not in the ordinary course of business; (ii) TWT Inc.
and its subsidiaries have not purchased any of its outstanding capital stock, nor has TWT Inc. or the Company declared, paid or otherwise made any dividend or distribution of any kind on its capital stock other than ordinary and customary dividends;
and (iii) there has not been any material change in the capital stock, short-term debt or long-term debt of TWT Inc. and its subsidiaries, taken as a whole, except in each case as set forth or described in the Memorandum. 
  

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 (u) TWT Inc. and its subsidiaries have good and marketable title in fee simple to all
real property and good marketable title to all personal property owned by them, in each case free and clear of all liens, encumbrances and defects except for Permitted Liens or such as are described in the Memorandum or such as do not materially
affect the value of such property and do not interfere with the use made and proposed to be made of such property by TWT Inc. and its subsidiaries or such as do not, singly or in the aggregate, have or could not result in a material adverse effect
on TWT Inc. and its subsidiaries, taken as a whole; and any real property and buildings held under lease by TWT Inc. and its subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as do not interfere with
the use made and proposed to be made of such property and buildings by TWT Inc. and its subsidiaries or such as do not, singly or in the aggregate, have or could not result in a material adverse effect on TWT Inc. and its subsidiaries, taken as a
whole, in each case except as described in the Memorandum. 
  
 (v) Except as set forth in the Memorandum, TWT Inc. and its subsidiaries own or possess, or can acquire on reasonable terms, all patents, patent rights, licenses, inventions, copyrights, know-how (including trade
secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks and trade names, currently employed by them in connection with the business now operated by them, except
where the failure to own or possess or to have the right to acquire any of the foregoing, singly or in the aggregate, does not have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole, and neither TWT Inc. nor any of its
subsidiaries has received any notice of infringement of or conflict with asserted rights of others with respect to any of the foregoing which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would have a
material adverse effect on TWT Inc. and its subsidiaries, taken as a whole. 
  
 (w) No labor dispute with the employees of TWT Inc. or any of its subsidiaries exists, except as described in the Memorandum, or, to the knowledge of the Company, is imminent, except for disputes that do not or would
not have a material adverse effect on TWT Inc. and its subsidiaries taken as a whole; and the Company is not aware of any existing, threatened or imminent labor disturbance by the employees of any of its principal suppliers or contractors that could
have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole. 
  
 (x) TWT Inc. and its subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such
amounts as are prudent and customary in the businesses in which they are engaged; and neither TWT Inc. nor any of its subsidiaries has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage
expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole, except as described in the
Memorandum. 
  
 (y) TWT Inc. and its subsidiaries
possess all permits, licenses, rights of way, approvals, consents and other authorizations issued by the appropriate federal, state, local or foreign regulatory agencies or bodies (including the Federal Communications 

  

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Commission (the “FCC”), the public utilities commission, or any equivalent body, of each state in which TWT Inc. and its subsidiaries do
business and any other relevant state or local governmental department, commission, board, bureau, agency, court or other authority thereof (the “Local Authorities”)) required for the conduct of the telecommunications business now
operated by TWT Inc. and its subsidiaries (collectively, the “Governmental Licenses”), except where the failure to possess any such Governmental Licenses would not, singly or in the aggregate, have a material adverse effect on TWT
Inc. and its subsidiaries, taken as a whole; TWT Inc. and its subsidiaries are in compliance with the terms and conditions of all such Governmental Licenses, except where the failure so to comply would not, singly or in the aggregate, have a
material adverse effect on TWT Inc. and its subsidiaries, taken as a whole; all of the Governmental Licenses are valid and in full force and effect, except where the invalidity of such Governmental Licenses or the failure of such Governmental
Licenses to be in full force and effect would not, singly or in the aggregate, have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole; there is no outstanding adverse judgment, decree or order that has been issued by the
FCC or any of the Local Authorities against TWT Inc. or any of its subsidiaries and which, singly or in the aggregate, would have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole; and neither TWT Inc. nor any of its
subsidiaries has received any notice of or is aware of proceedings relating to the revocation or modification of any such Governmental Licenses or, except as set forth in the Memorandum, that would otherwise affect the operations of TWT Inc. or its
subsidiaries and which, singly or in the aggregate, would have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole. 
  
 (z) TWT Inc. and each of its subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance
that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting
principles and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at
reasonable intervals and appropriate action is taken with respect to any differences. 
  
 2. Agreements to Sell and Purchase. The Company hereby agrees to sell to the several Initial Purchasers, and each Initial Purchaser, upon the basis of the representations and warranties herein contained, but
subject to the conditions hereinafter stated, agrees, severally and not jointly, to purchase from the Company the respective principal amount of Securities set forth in Schedule I hereto opposite its name at a purchase price of 98.50% of the
principal amount thereof (the “Purchase Price”). 
  
 The Company and each Guarantor hereby agree that, without the prior written consent of Morgan Stanley & Co. Incorporated on behalf of the Initial Purchasers, it will not, during the period beginning on the date hereof and continuing to
and including the Closing Date, offer, sell, contract to sell or otherwise dispose of any debt of the Company or any of the Guarantors or warrants to purchase debt of the Company or any of the Guarantors substantially similar to the Securities
(other than the sale of the Securities under this Agreement.) 
  

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 3. Terms of Offering. You have advised the Company and the Guarantors that the Initial Purchasers
will make an offering of the Securities purchased by the Initial Purchasers hereunder on the terms to be set forth in this Agreement and the Memorandum, as soon as practicable after this Agreement is entered into as in your judgment is advisable.

  
 4. Payment and Delivery. Payment for the Securities
shall be made to the Company in Federal or other funds immediately available in New York City against delivery of such Securities for the respective accounts of the several Initial Purchasers at 10:00 a.m., New York City time, on February 9, 2005.
The time and date of such payment are hereinafter referred to as the “Closing Date.” 
  
 Certificates for the Securities shall be in definitive form or global form, as specified by Morgan Stanley & Co. Incorporated, and registered in such
names and in such denominations as Morgan Stanley & Co. Incorporated shall request in writing not later than one full business day prior to the Closing Date. The certificates evidencing the Securities shall be delivered to you on the Closing
Date for the respective accounts of the several Initial Purchasers, with any transfer taxes payable in connection with the transfer of the Securities to the Initial Purchasers duly paid, against payment of the Purchase Price therefor. 
  
 5. Conditions to the Initial Purchasers’ Obligations. The several
obligations of the Initial Purchasers to purchase and pay for the Securities on the Closing Date are subject to the following conditions: 
  
 (a) Subsequent to the execution and delivery of this Agreement and prior to the Closing Date: 
  
 (i) there shall not have occurred any downgrading, nor shall
any notice have been given of any intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the rating accorded any of TWT Inc.’s or the Company’s securities by
any “nationally recognized statistical rating organization,” as such term is defined for purposes of Rule 436(g)(2) under the Securities Act; and 
  
 (ii) there shall not have occurred any change, or any development involving a prospective change, in the condition, financial or
otherwise, or in the earnings, business or operations of TWT Inc. and its subsidiaries, taken as a whole, from that set forth in the Memorandum (exclusive of any amendments or supplements thereto subsequent to the date of this Agreement) that, in
your judgment, is material and adverse and that makes it, in your judgment, impracticable to market the Securities on the terms and in the manner contemplated in the Memorandum. 
  
 (b) The Initial Purchasers shall have received on the Closing Date (i) a certificate, dated the Closing Date
and signed by an executive officer of the Company, to the effect set forth in Section 5(a)(i) and to the effect that the representations and warranties of the Company contained in this Agreement are true and correct as of the Closing Date and the
Company has complied with all of the agreements and satisfied all of the conditions on its part to be performed or satisfied hereunder on or before the 

  

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Closing Date; and (ii) a certificate, dated the Closing Date and signed by an executive officer of each Guarantor, to the effect set forth in Section 5(a)(i)
and to the effect that the representations and warranties of such Guarantor contained in this Agreement are true and correct as of the Closing Date and such Guarantor has complied with all of the agreements and satisfied all of the conditions on its
part to be performed or satisfied hereunder on or before the Closing Date. 
  
 The officer signing and delivering such certificate may rely upon the best of his or her knowledge as to proceedings threatened. 
  
 (c) The Initial Purchasers shall have received on the Closing Date an opinion of Faegre & Benson LLP,
outside counsel for the Company and the Guarantors, dated the Closing Date, to the effect that: 
  
 (i) Each of the Company and TWT Inc. has been duly incorporated, and, based solely on a certificate of good standing from the Secretary of
State of the State of Delaware, is a corporation validly existing and in good standing under the laws of the State of Delaware, with full corporate power and authority to conduct its business as described in the Memorandum; 
  
 (ii) to such counsel’s knowledge, (A) there are not any
pending or threatened governmental proceedings before any court or governmental agency or authority or any arbitrator to which TWT Inc. or any of its subsidiaries is a party or to which any of the properties of TWT Inc. or any of its subsidiaries is
subject of a character required to be disclosed in the Memorandum which are not disclosed as required, and (B) there is no contract, indenture, mortgage, loan agreement, note, lease or other document of a character required to be described in the
Memorandum which is not described as required; 
  
 (iii) the Securities conform in all material respects to the description thereof contained in the Memorandum; the Securities have been duly authorized by the Company and, when executed and authenticated in accordance with the provisions of
the Indenture and delivered to and paid for by the Initial Purchasers in accordance with the terms of the Purchase Agreement, will constitute legal, valid and binding obligations of the Company, entitled to the benefits of the Indenture and the
Registration Rights Agreement, and enforceable against the Company in accordance with their terms (subject to applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws affecting creditors’ rights
generally and general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealings, regardless of whether in a proceeding in equity or at law); 
  
 (iv) the Guarantees conform in all material respects to the
description thereof contained in the Memorandum; the Guarantees have been duly authorized by the Guarantors and, when executed and authenticated in accordance with the provisions of the Indenture and delivered to and paid for by the Initial
Purchasers in accordance with the terms of the Purchase Agreement, will constitute legal, valid and binding obligations of each Guarantor, entitled to the benefits of the 

  

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Indenture and the Registration Rights Agreement, and enforceable against the Guarantors in accordance with their terms (subject to applicable bankruptcy,
insolvency, reorganization, moratorium, fraudulent transfer and other similar laws affecting creditors’ rights generally and general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and
fair dealings, regardless of whether in a proceeding in equity or at law); 
  
 (v) each of the Indenture and the Registration Rights Agreement has been duly authorized, executed and delivered by, and constitutes a legal, valid and binding obligation of, the Company and each Guarantor,
enforceable in accordance with its terms (subject to applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws affecting creditors’ rights generally and general principles of equity, including,
without limitation, concepts of materiality, reasonableness, good faith and fair dealings, regardless of whether in a proceeding in equity or at law, and subject to rights to indemnification and contribution under the Registration Rights Agreement
as may be limited under applicable law); 
  
 (vi)
the Purchase Agreement has been duly authorized, executed and delivered by the Company and each Guarantor; 
  
 (vii) the execution and delivery by the Company and each Guarantor of, and the performance by the Company and each Guarantor of their
obligations under, this Agreement, the Indenture, the Registration Rights Agreement, the Securities (in the case of the Company) and the Guarantees (in the case of the Guarantors) will not contravene any provision of applicable law or the
certificate of incorporation or by-laws of TWT Inc. or its subsidiaries or, to such counsel’s knowledge, any judgment, order or decree of any governmental body, agency or court having jurisdiction over TWT Inc. or its subsidiaries, and no
consent, approval, authorization or order of, or qualification with, any governmental body or agency is required for the performance by the Company and each Guarantor of their obligations under this Agreement, the Indenture, the Registration Rights
Agreement, the Securities (in the case of the Company) or the Guarantees (in the case of the Guarantors), except such as may be required by the securities or Blue Sky laws of the various states in connection with the offer and sale of the Securities
and by Federal and state securities laws with respect to the Company’s and the Guarantors’ obligations under the Registration Rights Agreement and except for such as may be required by the FCC or Local Authorities, as to which such counsel
expresses no opinion; 
  
 (viii) the statements
made in the Memorandum under the captions, “Description of Notes,” “Description of Certain Indebtedness,” “Notice to Investors” and “Certain Material United States Federal Tax Considerations” in each case
insofar as such statements constitute summaries of the legal matters, documents or proceedings referred to therein, fairly present the information called for with respect to such legal matters, documents and proceedings and fairly summarize the
matters referred to therein; 
  

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 (ix) neither the Company nor the Guarantors are, and after giving effect to the offering
and sale of the Securities and the application of the proceeds thereof as described in the Memorandum, will be required to register as, an “investment company” as such term is defined in the Investment Company Act of 1940, as amended;

  
 (x) assuming (i) the accuracy of, and
compliance with, the representations, warranties and covenants of the Company and each Guarantor in Sections 1 and 6 of this Agreement and (ii) the accuracy of, and compliance with the representations, warranties and covenants of each Initial
Purchaser in Section 7 of this Agreement, it is not necessary in connection with the offer, sale and delivery of the Securities in the manner contemplated by this Agreement and the Memorandum to register the Securities or the Guarantees under the
Securities Act or to qualify the Indenture under the Trust Indenture Act of 1939, as amended, it being understood that no opinion is expressed as to any subsequent resale of any Securities; 
  
 (xi) to such counsel’s knowledge, there are no statutes
or regulations (other than federal, state or local telecommunications statutes or regulations as to which such counsel expresses no opinion) that are required to be disclosed in the Memorandum that are not adequately disclosed as required; and

  
 (xii) the execution and delivery by the
Company and each Guarantor of, and the performance by the Company and each Guarantor of their obligations under, this Agreement, the Registration Rights Agreement, the Indenture, the Securities, the Guarantees will not contravene any agreement or
other instrument known to such counsel that is binding upon TWT Inc. or any of its subsidiaries that is material to TWT Inc. and its subsidiaries taken as a whole (including, without limitation, all agreements and indentures listed as Exhibits to
TWT Inc.’s Annual Report on Form 10-K for its fiscal year ended December 31, 2003). 
  
 Such opinion shall be rendered to the Initial Purchasers at the request of the Company and each Guarantor and shall so state therein.

  
 (d) The Initial Purchasers shall have
received on the Closing Date a statement of Faegre & Benson LLP, outside counsel for the Company and each Guarantor, dated the Closing Date, to the effect that: 
  
 Although such counsel has made certain inquiries and investigations in connection with the preparation of
the Memorandum, the limitations inherent in the role of outside counsel are such that such counsel cannot and does not assume any responsibility, implicitly or explicitly, for the accuracy, fairness or completeness of the statements contained or
incorporated by reference in the Memorandum, except insofar as such statements relate to such counsel and except to the extent set forth in paragraph (viii) of such counsel’s opinion to you dated the Closing Date. Subject to the foregoing, such
counsel hereby advises you that such counsel’s work in connection with this matter did not disclose any information that gave such counsel reason to believe that (i) the Final Memorandum, as of its date and as of the date hereof, included or
includes an untrue 

  

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statement of a material fact or omits to state a material fact necessary in order to make the statements therein, in the light of the circumstances under
which they were made, not misleading (in each case except for the financial statements and other information of a statistical, accounting or financial nature included or incorporated by reference therein as to which such counsel does not express any
view) or that (ii) each document filed pursuant to the Exchange Act and incorporated by reference in the Final Memorandum (except for the financial statements and other information of a statistical, accounting or financial nature included therein,
as to which such counsel need not express any belief), on the date such document was filed with the Commission, did not comply as to form in all material respects with the requirements of the Exchange Act and the applicable rules and regulations of
the Commission thereunder. 
  
 (e) The Initial
Purchasers shall have received on the Closing Date an opinion of Paul B. Jones, Esq., Senior Vice President and General Counsel to TWT Inc. and its subsidiaries, dated the Closing Date, to the effect that: 
  
 (i) each of the Company and TWT Inc. has been duly
incorporated and is validly existing and in good standing under the laws of the State of Delaware, with full corporate power and authority to own its property and to conduct its business as described in the Memorandum; 
  
 (ii) each of the Company and TWT Inc. is duly qualified to
transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified or be in good standing
would not have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole; 
  
 (iii) each subsidiary of TWT Inc. (other than the Company) has been duly incorporated or, in the case of partnerships or limited liability
companies, duly organized, is validly existing as a corporation, a partnership or a limited liability company, as the case may be, in good standing under the laws of the jurisdiction of its incorporation or organization, as the case may be, has the
power and authority to own its property and to conduct its business as described in the Memorandum and is duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or
leasing of property requires such qualification, except to the extent that the failure to be so qualified or be in good standing would not have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole; 
  
 (iv) except as otherwise disclosed in the Memorandum, all of
the issued shares of capital stock of each subsidiary of TWT Inc. that is a corporation have been duly and validly authorized and issued, are fully paid and non-assessable and are owned directly by TWT Inc. and the Company free and clear of all
Liens other than the Liens expressly permitted under the Indenture; and all of the partnership interests and membership interests in each subsidiary of TWT Inc. that is a partnership or limited liability company, are owned directly by TWT 

  

 -13- 

 
Inc. and the Company free and clear of all Liens other than the Liens expressly permitted under the Indenture; 
  
 (v) the statements contained in the Memorandum under the
captions “Risk Factors – Several customers account for a significant portion of our revenue, and some of our customer agreements may not continue due to bankruptcies, consolidation or other factors,” “Risk Factors – We have
experienced reductions in switched access and reciprocal compensation revenues as a result of regulatory rate reform, and may experience further such reductions in the future” “Risk Factors – We may be adversely affected by changes in
the regulation of special access services,” “Risk Factors – We must obtain access to rights-of-way and pole attachments on reasonable terms and conditions,” “Risk Factors – We are controlled by the Class B
Stockholders,” “Risk Factors – Time Warner Inc. can sell control of us at any time, and sales by the Class B stockholders could adversely affect us,” “Risk Factors – Each of the Class B stockholders has veto rights over
certain actions,” and “Risk Factors – The Company’s revolving credit facility and the indentures relating to the outstanding 2014 notes, the Company’s second priority senior secured floating rate notes, the notes, and the
Parent Company’s 93⁄4% senior notes and 10 1/8% senior notes contain restrictive covenants that may limit
our flexibility, and breach of those covenants may cause us to be in default under those agreements”; and except as updated in the Memorandum or in any later document incorporated by reference into the Memorandum in TWT Inc.’s Annual
Report on Form 10-K for the year ended December 31, 2003 under the captions “Item 1. Business—Limitation on Residential and Content Services,” “Item 1. Business—Competition,” “Item 1. Business—Government
Regulation,” “Item 1. Business—Risk Factors—Several customers account for a significant proportion of our revenue, and some of our customer agreements may not continue due to bankruptcies or other factors,” “Item 1.
Business—Risk Factors—We depend on Time Warner Cable’s and Bright House Network, LLC’s permits, licenses and rights-of-way,” “Item 1. Business—Risk Factors—We are controlled by the Class B stockholders,”
“Item 1. Business—Risk Factors—Each of the Class B Stockholders has veto rights over certain actions,” “Item 1. Business—Risk Factors—Time Warner Inc. can sell control of us at any time, and sales by the Class B
Stockholders could adversely affect us,” “Item 1. Business—Risk Factors—We have experienced reductions in switched access and reciprocal compensation revenue as a result of regulatory rate reform,” “Item 1.
Business—Risk Factors—We depend on governmental and other authorizations,” “Item 3. Business—Legal Proceedings” and “Item 13. Certain Relationships and Related Transactions” and except as updated in the
Memorandum or in any later document incorporated by reference in the Memorandum, in TWT Inc.’s definitive proxy statement for TWT Inc.’s Annual Meeting of Shareholders held on June 3, 2004 as filed with the SEC under the caption
“Certain Relationships and Related Transactions,” in each case insofar as such statements constitute a summary of the legal or regulatory matters or legal or regulatory proceedings referred to therein, are correct in all material respects
and do not omit a material fact necessary to make the statements contained therein not misleading; 
  

 -14- 

 (vi) to such counsel’s knowledge, the Company and each Guarantor possesses the
governmental licenses required by federal or state telecommunications regulatory bodies necessary for the Company’s and such Guarantor’s existing services (the “Communications Licenses”) and the Company and each Guarantor
is in compliance with the terms and conditions of all such Communications Licenses, except where the failure to so comply would not, singly or in the aggregate, have a material adverse effect on TWT Inc. and its subsidiaries, taken as a whole, and
such Communications Licenses are valid and in full force and effect, except where the invalidity of such Communications Licenses or the failure of such Communications Licenses to be in full force and effect would not have a material adverse effect
on TWT Inc. and its subsidiaries, taken as a whole; 
  
 (vii) there is no outstanding adverse judgment, decree or order that has been issued by the FCC or any state telecommunications regulatory body against TWT Inc. and its subsidiaries which, singly or in the aggregate, would have a material
adverse effect on TWT Inc. and its subsidiaries, taken as a whole; and, to the best of such counsel’s knowledge, neither TWT Inc. nor any of its subsidiaries is the object of, or threatened by, any proceedings relating to the revocation or
modification of any such Communications Licenses or, except as set forth in the Memorandum, that would otherwise adversely affect the operation of the Company or any Guarantor, which, singly or in the aggregate, would have a material adverse effect
on TWT Inc. and it subsidiaries, taken as a whole; 
  
 (viii) the execution, delivery and performance of the Purchase Agreement, the Indenture, the Registration Rights Agreement, the Guarantees, the consummation of the transactions contemplated in the Purchase Agreement, the issuance and sale
of the Securities, and the use of proceeds from the sale of the Securities to the extent expressly described in the Memorandum under the caption “Use of Proceeds,” and compliance by the Company and TWT Inc. with their obligations under the
Purchase Agreement, the Registration Rights Agreement, the Indenture, the Securities and the Guarantees do not and will not, whether with or without the giving of notice or lapse of time or both, result in any violation of any applicable law,
statute, rule, regulation, judgment, order, writ or decree, known to such counsel, of any federal or state telecommunications regulatory body having jurisdiction over the Company or TWT Inc. except for such violations that would not have a material
adverse effect on TWT Inc. and its subsidiaries, taken as a whole; 
  
 (ix) the execution, delivery and performance of the Indenture, the Guarantees and compliance by each Subsidiary Guarantor with its obligations under the Indenture, the Securities and the Guarantees do not and will
not, whether with or without the giving of notice or lapse of time or both, result in any violation of any applicable law, statute, rule, regulation, judgment, order, writ or decree, known to such counsel, of any federal or state telecommunications
regulatory body having jurisdiction over each Subsidiary Guarantor or any of its assets or operations except for such violations that would not have a material 

  

 -15- 

 
adverse effect on TWT Inc. and its subsidiaries, taken as a whole; provided that such counsel may qualify such opinion with respect to the Subsidiary
Guarantors in those states set forth in an appendix to his opinion for which regulatory approval is required in connection with the transactions contemplated by this Agreement; 
  
 (x) to such counsel’s knowledge, there are no telecommunications statutes or regulations that are
required to be described in the Memorandum that are not described as required; and 
  
 (xi) the execution and delivery by the Company and each Guarantor of, and the performance by the Company and each Guarantor of their
obligations under, this Agreement, the Registration Rights Agreement, the Indenture, the Securities, and the Guarantees will not contravene any agreement or other instrument binding upon TWT Inc. or any of its subsidiaries that is material to TWT
Inc. and its subsidiaries taken as a whole (including, without limitation, all agreements and indentures listed as Exhibits to TWT Inc.’s Annual Report on Form 10-K for its fiscal year ended December 31, 2003). 
  
 In rendering opinion (ix) above, the General Counsel may
rely, as to matters involving the application of the laws of Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kentucky, Minnesota, Mississippi, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, South
Carolina, Tennessee, Texas, Utah, Washington and Wisconsin upon the opinions of special counsel to TWT Inc., the Company or the Subsidiary Guarantors (as the case may be) (which opinions shall be dated, addressed and furnished to the General Counsel
on the Closing Date and shall be satisfactory in form and substance to counsel for the Initial Purchasers, provided that the General Counsel shall state that opinion (vi) above is subject to the qualifications set forth in such opinions of
special counsel and provided further that the General Counsel shall state in his opinion that he believes that he is justified in relying upon such opinions). The General Counsel shall furnish a copy of such special counsel opinions to
counsel for the Initial Purchasers (who shall not be entitled to rely thereon). 
  
 (f) The Initial Purchasers shall have received on the Closing Date an opinion of Shearman & Sterling LLP, counsel for the Initial
Purchasers, dated the Closing Date in form and substance satisfactory to you. 
  
 (g) The Initial Purchasers shall have received on each of the date hereof and the Closing Date a letter, dated the date hereof or the Closing Date, as the case may be, in form and substance satisfactory to the Initial
Purchasers, from Ernst & Young, LLP, independent registered public accountants to TWT Inc. and its subsidiaries containing statements and information of the type ordinarily included in accountants’ “comfort letters” to
underwriters with respect to the financial statements and certain financial information contained or incorporated by reference in the Final Memorandum; provided that the letter delivered on the Closing Date shall use a “cut-off
date” not earlier than the date hereof. 
  

 -16- 

 (h) The Securities shall have been designated PORTAL securities in accordance with the
rules and regulations adopted by National Association of Securities Dealers, Inc. relating to trading in the PORTAL Market. 
  
 (i) At or prior to the Closing Date, (i) the Company, each Guarantor and the Trustee shall have executed and delivered the Indenture, and
(ii) the Company and each Guarantor shall have executed and delivered the Registration Rights Agreement to the Initial Purchasers. 
  
 (j) The Initial Purchasers shall have received such other documents and certificates as are reasonably requested by you or your counsel.

  
 6. Covenants of the Company and the Guarantors. In
further consideration of the agreements of the Initial Purchasers contained in this Agreement, each of the Company and the Guarantors, jointly and severally, covenants with each Initial Purchaser as follows: 
  
 (a) To furnish to you in New York City, without charge,
prior to 10:00 a.m. New York City time on the business day next succeeding the date of this Agreement and during the period mentioned in Section 6(c), as many copies of the Final Memorandum, any documents incorporated by reference therein and any
supplements and amendments thereto as you may reasonably request. 
  
 (b) Before amending or supplementing either Memorandum, to furnish to you a copy of each such proposed amendment or supplement and not to use any such proposed amendment or supplement to which you reasonably object.

  
 (c) If, during such period after the date
hereof and prior to the date on which all of the Securities shall have been sold by the Initial Purchasers, any event shall occur or condition exist as a result of which it is necessary to amend or supplement the Final Memorandum in order to make
the statements therein, in the light of the circumstances when the Final Memorandum is delivered to a purchaser, not misleading, or if, in the opinion of counsel for the Initial Purchasers, it is necessary to amend or supplement the Final Memorandum
to comply with applicable law, forthwith to prepare and furnish, at its own expense, to the Initial Purchasers, either amendments or supplements to the Final Memorandum so that the statements in the Final Memorandum as so amended or supplemented
will not, in the light of the circumstances when the Final Memorandum is delivered to a purchaser, be misleading or so that the Final Memorandum, as amended or supplemented, will comply with applicable law. 
  
 (d) To endeavor to qualify the Securities and the Guarantees
for offer and sale under the securities or Blue Sky laws of such jurisdictions as you shall reasonably request; provided that, in connection therewith, the Company shall not be required to qualify as a foreign corporation or to file a general
consent to service of process in any jurisdiction. 
  
 (e) To make generally available to the Company’s security holders and to you as soon as practicable an earning statement of the Company and its subsidiaries that 

  

 -17- 

 
satisfies the provisions of Section 11(a) of the Securities Act and the rules and regulations of the Commission thereunder (including, at the option of the
Company, Rule 158). 
  
 (f) Whether or not the
transactions contemplated in this Agreement are consummated or this Agreement is terminated, to pay or cause to be paid all expenses incident to the performance of its obligations under this Agreement, including: (i) the fees, disbursements and
expenses of the Company’s and the Guarantors’ counsel and the Company’s and the Guarantors’ accountants in connection with the issuance and sale of the Securities and all other fees or expenses in connection with the preparation
of each Memorandum and all amendments and supplements thereto, including all printing costs associated therewith, and the delivering of copies thereof to the Initial Purchasers, in the quantities herein above specified, (ii) all costs and expenses
related to the transfer and delivery of the Securities to the Initial Purchasers, including any transfer or other taxes payable thereon, (iii) the cost of printing or producing any Blue Sky or legal investment memorandum in connection with the offer
and sale of the Securities under state securities laws and all expenses in connection with the qualification of the Securities and the Guarantees for offer and sale under state securities laws as provided in Section 6(d) hereof, including filing
fees and the reasonable fees and disbursements of counsel for the Initial Purchasers in connection with such qualification and in connection with the Blue Sky or legal investment memorandum, (iv) any fees charged by rating agencies for the rating of
the Securities and the Guarantees, (v) the fees and expenses, if any, incurred in connection with the admission of the Securities for trading in PORTAL or any appropriate market system, (vi) the costs and charges of the Trustee and any transfer
agent, registrar or depositary, (vii) the cost of the preparation, issuance and delivery of the Securities, (viii) the costs and expenses of the Company and the Guarantors relating to investor presentations on any “road show” undertaken in
connection with the marketing of the offering of the Securities, including, without limitation, expenses associated with the production of road show slides and graphics, fees and expenses of any consultants engaged in connection with the road show
presentations with the prior approval of the Company, travel and lodging expenses of the representatives and officers of the Company, the Guarantors and any such consultants, and the cost of any aircraft chartered in connection with the road show,
(ix) all of the Initial Purchasers’ reasonable costs and expenses, including but not limited to transfer taxes payable on resale of any of the Securities by them, and any advertising expenses connected with the offers they make (provided,
however, that the fees and disbursements of counsel to the Initial Purchasers shall be borne by the Initial Purchasers), and (x) all other costs and expenses incident to the performance of the obligations of the Company and the Guarantors hereunder
for which provision is not otherwise made in this Section. It is understood that the Initial Purchasers shall pay 50% of the aggregate amount of all road show expenses, unless this Agreement is terminated in the manner set forth in the last
paragraph of Section 10, in which case the Company shall pay 100% of the aggregate amount of all road show expenses. 
  
 (g) Neither the Company, the Guarantors nor any Affiliate will sell, offer for sale or solicit offers to buy or otherwise negotiate in
respect of any security (as defined in the Securities Act) which could be integrated with the sale of the Securities in a manner 

  

 -18- 

 
which would require the registration under the Securities Act of the Securities or the Guarantees. 
  
 (h) Not to solicit any offer to buy or offer or sell the
Securities by means of any form of general solicitation or general advertising (as those terms are used in Regulation D under the Securities Act) or in any manner involving a public offering within the meaning of Section 4(2) of the Securities Act.

  
 (i) While any of the Securities remain
“restricted securities” within the meaning of the Securities Act, to make available, upon request, to any seller of such Securities the information specified in Rule 144A(d)(4) under the Securities Act, unless the Company is then subject
to Section 13 or 15(d) of the Exchange Act. 
  
 (j) To use its best efforts to permit the Securities to be designated PORTAL securities in accordance with the rules and regulations adopted by the National Association of Securities Dealers, Inc. relating to trading in the PORTAL Market.

  
 (k) None of the Company, the Guarantors,
their Affiliates or any person acting on its or their behalf (other than the Initial Purchasers) will engage in any directed selling efforts (as that term is defined in Regulation S) with respect to the Securities, and the Company, the Guarantors
and their Affiliates and each person acting on its or their behalf (other than the Initial Purchasers) will comply with the offering restrictions requirement of Regulation S. 
  
 (l) During the period of two years after the Closing Date, the Company and the Guarantors will not, and will
not permit any of its affiliates (as defined in Rule 144 under the Securities Act) to resell any of the Securities which constitute “restricted securities” under Rule 144 that have been reacquired by any of them. 
  
 7. Offering of Securities; Restrictions on Transfer. (a) Each Initial
Purchaser, severally and not jointly, represents and warrants that such Initial Purchaser is a qualified institutional buyer as defined in Rule 144A under the Securities Act (a “QIB”). Each Initial Purchaser, severally and not
jointly, agrees with the Company and the Guarantors that (i) it will not solicit offers for, or offer or sell, such Securities by any form of general solicitation or general advertising (as those terms are used in Regulation D under the Securities
Act) or in any manner involving a public offering within the meaning of Section 4(2) of the Securities Act and (ii) it will solicit offers for such Securities only from, and will offer such Securities only to, persons that it reasonably believes to
be (A) in the case of offers inside the United States, QIBs and (B) in the case of offers outside the United States, to persons other than U.S. persons (“foreign purchasers,” which term shall include dealers or other professional
fiduciaries in the United States acting on a discretionary basis for foreign beneficial owners (other than an estate or trust)) in reliance upon Regulation S under the Securities Act that, in each case, in purchasing such Securities are deemed to
have represented and agreed as provided in the Final Memorandum under the caption “Notice to Investors.” 
  

 -19- 

 (b) Each Initial Purchaser, severally and not jointly, represents, warrants, and agrees
with respect to offers and sales outside the United States that: 
  
 (i) such Initial Purchaser understands that no action has been or will be taken in any jurisdiction by the Company or any of the Guarantors that would permit a public offering of the Securities, or possession or
distribution of either Memorandum or any other offering or publicity material relating to the Securities, in any country or jurisdiction where action for that purpose is required; 
  
 (ii) such Initial Purchaser will comply with all applicable laws and regulations in each jurisdiction in
which it acquires, offers, sells or delivers Securities or has in its possession or distributes either Memorandum or any such other material, in all cases at its own expense; 
  
 (iii) neither the Securities nor the Guarantees have been registered under the Securities Act and may not be
offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in accordance with Rule 144A or Regulation S under the Securities Act or pursuant to another exemption from the registration requirements of the
Securities Act; 
  
 (iv) such Initial Purchaser
has offered the Securities and will offer and sell the Securities (A) as part of their distribution at any time and (B) otherwise until 40 days after the later of the commencement of the offering and the Closing Date, only in accordance with Rule
903 of Regulation S or as otherwise permitted in Section 7(a); accordingly, neither such Initial Purchaser, its Affiliates nor any persons acting on its or their behalf have engaged or will engage in any directed selling efforts (within the meaning
of Regulation S) with respect to the Securities, and any such Initial Purchaser, its Affiliates and any such persons have complied and will comply with the offering restrictions requirement of Regulation S; 
  
 (v) such Initial Purchaser agrees that, at or prior to
confirmation of sales of the Securities, it will have sent to each distributor, dealer or person receiving a selling concession, fee or other remuneration that purchases Securities from it during the restricted period a confirmation or notice to
substantially the following effect: 
  
 “The
Securities and the Guarantees covered hereby have not been registered under the United States Securities Act of 1933 (the “Securities Act”) and may not be offered and sold within the United States or to, or for the account or benefit of,
U.S. persons (i) as part of their distribution at any time or (ii) otherwise until 40 days after the later of the commencement of the offering and the final closing date, except in either case in accordance with Regulation S (or Rule 144A if
available) under the Securities Act. Terms used above have the meaning given to them by Regulation S.” 
  
 Terms used in this Section 7(b) have the meanings given to them by Regulation S. 
  
 8. Indemnity and Contribution. (a) Each of the Company and the Guarantors agrees, jointly and severally, to indemnify
and hold harmless each Initial Purchaser and each person, if any, who controls any Initial Purchaser within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, and each affiliate of any Initial Purchaser within
the meaning of Rule 405 under the Securities Act, from and against any and all losses, claims, damages and liabilities (including, without limitation, any legal or other expenses 

  

 -20- 

 
reasonably incurred in connection with defending or investigating any such action or claim) caused by any untrue statement or alleged untrue statement of a
material fact contained in either Memorandum (as amended or supplemented if the Company or any of the Guarantors shall have furnished any amendments or supplements thereto), or caused by any omission or alleged omission to state therein a material
fact necessary to make the statements therein in the light of the circumstances under which they were made not misleading, except insofar as such losses, claims, damages or liabilities are caused by any such untrue statement or omission or alleged
untrue statement or omission based upon information relating to any Initial Purchaser furnished to the Company in writing by such Initial Purchaser through you expressly for use therein. 
  
 (b) Each Initial Purchaser agrees, severally and not jointly, to indemnify and hold harmless the Company,
the Guarantors, their directors, their officers and each person, if any, who controls the Company and the Guarantors within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the foregoing
indemnity from the Company and the Guarantors to such Initial Purchaser, but only with reference to information relating to such Initial Purchaser furnished to the Company in writing by such Initial Purchaser through you expressly for use in either
Memorandum or any amendments or supplements thereto. 
  
 (c) In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 8(a) or 8(b), such person (the “indemnified
party”) shall promptly notify the person against whom such indemnity may be sought (the “indemnifying party”) in writing and the indemnifying party, upon request of the indemnified party, shall retain counsel reasonably
satisfactory to the indemnified party to represent the indemnified party and any others the indemnifying party may designate in such proceeding and shall pay the fees and disbursements of such counsel related to such proceeding. In any such
proceeding, any indemnified party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such indemnified party unless (i) the indemnifying party and the indemnified party shall have
mutually agreed to the retention of such counsel or (ii) the named parties to any such proceeding (including any impleaded parties) include both the indemnifying party and the indemnified party and representation of both parties by the same counsel
would be inappropriate due to actual or potential differing interests between them. It is understood that the indemnifying party shall not, in respect of the legal expenses of any indemnified party in connection with any proceeding or related
proceedings in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all such indemnified parties and that all such fees and expenses shall be reimbursed as they are
incurred. Such firm shall be designated in writing by Morgan Stanley & Co. Incorporated, in the case of parties indemnified pursuant to Section 8(a), and by the Company, in the case of parties indemnified pursuant to Section 8(b). The
indemnifying party shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the
indemnified party from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified
party for fees and expenses of counsel as contemplated by the second and third sentences of this paragraph, the indemnifying party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such
settlement is 

  

 -21- 

 
entered into more than 30 days after receipt by such indemnifying party of the aforesaid request and (ii) such indemnifying party shall not have reimbursed
the indemnified party in accordance with such request prior to the date of such settlement. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened proceeding in
respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability on
claims that are the subject matter of such proceeding. 
  
 (d) To the extent the indemnification provided for in Section 8(a) or 8(b) is unavailable to an indemnified party or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each indemnifying party
under such paragraph, in lieu of indemnifying such indemnified party thereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (i) in such proportion as is
appropriate to reflect the relative benefits received by the Company and the Guarantors on the one hand and the Initial Purchasers on the other hand from the offering of the Securities or (ii) if the allocation provided by clause 8(d)(i) above is
not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause 8(d)(i) above but also the relative fault of the Company and the Guarantors on the one hand and of the Initial
Purchasers on the other hand in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative benefits received by the Company and the
Guarantors on the one hand and the Initial Purchasers on the other hand in connection with the offering of the Securities shall be deemed to be in the same respective proportions as the net proceeds from the offering of the Securities (before
deducting expenses) received by the Company and the Guarantors and the total discounts and commissions received by the Initial Purchasers in respect thereof, bear to the aggregate offering price of the Securities. The relative fault of the Company
and the Guarantors on the one hand and of the Initial Purchasers on the other hand shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to
state a material fact relates to information supplied by the Company and the Guarantors or by the Initial Purchasers and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. The Initial Purchasers’ respective obligations to contribute pursuant to this Section 8 are several in proportion to the respective principal amount of Securities they have purchased hereunder, and not joint. 
  
 (e) The Company, the Guarantors and the Initial Purchasers
agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for such purpose) or by any other method of allocation
that does not take account of the equitable considerations referred to in Section 8(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in Section 8(d) shall be deemed to
include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8,
no Initial Purchaser shall be required to contribute any amount in excess of the amount by which the total price at which the Securities resold by it in the initial placement of such Securities were offered to investors exceeds the 

  

 -22- 

 
amount of any damages that such Initial Purchaser has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission. 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. The remedies
provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity. 
  
 (f) The indemnity and contribution provisions contained in this Section 8 and the representations,
warranties and other statements of the Company and the Guarantors contained in this Agreement shall remain operative and in full force and effect regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of any
Initial Purchaser, any person controlling any Initial Purchaser or any affiliate of any Initial Purchaser or on behalf of the Company or the Guarantors, their officers or directors or any person controlling the Company or the Guarantors and (iii)
acceptance of and payment for any of the Securities. 
  
 9.
Termination. This Agreement shall be subject to termination by notice given by you to the Company and the Guarantors, if (a) after the execution and delivery of this Agreement and prior to the Closing Date (i) trading generally shall have been
suspended or materially limited on or by, as the case may be, any of the New York Stock Exchange, the American Stock Exchange, the Nasdaq National Market, the Chicago Board of Options Exchange, the Chicago Mercantile Exchange or the Chicago Board of
Trade, (ii) trading of any securities of the Company or any Guarantor shall have been suspended on any exchange or in any over-the-counter market, (iii) a material disruption in securities settlement, payment or clearance services in the United
States shall have occurred, (vi) a general moratorium on commercial banking activities in New York shall have been declared by either Federal or New York State authorities or (v) there shall have occurred any outbreak or escalation of hostilities or
any change in financial markets or any calamity or crisis that, in your judgment, is material and adverse and (b) in the case of any of the events specified in clauses 9(a)(i) through 9(a)(v), such event, singly or together with any other such
event, makes it, in your judgment, impracticable to market the Securities on the terms and in the manner contemplated in the Final Memorandum. 
  
 10. Effectiveness; Defaulting Initial Purchasers. This Agreement shall become effective upon the execution and delivery hereof by the parties
hereto. 
  
 If, on the Closing Date, any one or more of the
Initial Purchasers shall fail or refuse to purchase the Securities that it or they have agreed to purchase hereunder on such date, and the aggregate principal amount of the Securities, which such defaulting Initial Purchaser or Initial Purchasers
agreed but failed or refused to purchase is not more than one-tenth of the aggregate principal amount of the Securities, to be purchased on such date, the other Initial Purchasers shall be obligated severally in the proportions that the principal
amount of the Securities set forth opposite their respective names in Schedule I bears to the aggregate principal amount of the Securities set forth opposite the names of all such non-defaulting Initial Purchasers, or in such other proportions as
you may specify, to purchase the Securities, which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused to purchase on such date; provided that in no event shall the principal amount of the Securities that any
Initial Purchaser has agreed to purchase pursuant to this Agreement be increased pursuant to this Section 10 by an amount in excess of one-ninth of such principal amount of the Securities 

  

 -23- 

 
without the written consent of such Initial Purchaser. If, on the Closing Date, any Initial Purchaser or Initial Purchasers shall fail or refuse to purchase
the Securities, which it or they have agreed to purchase hereunder on such date and the aggregate principal amount of the Securities with respect to which such default occurs is more than one-tenth of the aggregate principal amount of the Securities
to be purchased on such date, and arrangements satisfactory to you and the Company for the purchase of such Securities are not made within 36 hours after such default, this Agreement shall terminate without liability on the part of any
non-defaulting Initial Purchaser or of the Company or the Guarantors. In any such case either you or the Company shall have the right to postpone the Closing Date, but in no event for longer than seven days, in order that the required changes, if
any, in the Final Memorandum or in any other documents or arrangements may be effected. Any action taken under this paragraph shall not relieve any defaulting Initial Purchaser from liability in respect of any default of such Initial Purchaser under
this Agreement. 
  
 If this Agreement shall be terminated by the
Initial Purchasers, or any of them, because of any failure or refusal on the part of the Company or any Guarantors to comply with the terms or to fulfill any of the conditions of this Agreement, or if for any reason the Company or any Guarantors
shall be unable to perform its obligations under this Agreement, the Company and the Guarantors will reimburse the Initial Purchasers or such Initial Purchasers as have so terminated this Agreement with respect to themselves, severally, for all
out-of-pocket expenses (including the fees and disbursements of their counsel) reasonably incurred by such Initial Purchasers in connection with this Agreement or the offering contemplated hereunder. 
  
 11. Notices. All notices and other communications under this Agreement
shall be in writing and mailed, delivered or sent by facsimile transmission to: if sent to the Initial Purchasers, Morgan Stanley & Co. Incorporated, 1585 Broadway, New York, New York 10036, attention: High Yield Capital Markets Syndicate Desk,
facsimile number (212) 761-0781 and if sent to the Company or any of the Guarantors, to Time Warner Telecom Holdings Inc., attention: Mark Peters, facsimile number (303) 566-1776. 
  
 12. Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. 
  
 13. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York. 
  
 14. Headings. The headings of the sections of this Agreement have been inserted for convenience of reference only and
shall not be deemed a part of this Agreement. 
  

 -24- 

			
	 Very truly yours,

	
	 TIME WARNER TELECOM HOLDINGS INC.

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

			
	 TIME WARNER TELECOM INC.

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

			
	 TIME WARNER TELECOM HOLDINGS II LLC
 By: Time Warner Telecom Holdings Inc.,
 its sole member

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

 -25- 

			
	 TIME WARNER TELECOM GENERAL
 PARTNERSHIP
 By: Time Warner Telecom Holdings Inc., its
 general partner

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	 TIME WARNER TELECOM OF ILLINOIS LLC
 By: Time Warner Telecom Holdings Inc.,
 its sole member

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	 TIME WARNER TELECOM OF COLORADO LLC
 By: Time Warner Telecom Holdings Inc.,
 its sole member

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	 TIME WARNER TELECOM OF MINNESOTA LLC
 By: Time Warner Telecom Holdings Inc.,
 its sole member

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

 -26- 

			
	 TIME WARNER TELECOM OF SOUTH
 CAROLINA LLC
 By: Time Warner Telecom Holdings Inc.,
 its sole member

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	 TIME WARNER TELECOM OF CALIFORNIA,
 L.P.
 By: Time Warner Telecom General Partnership, its
 general partner
 By: Time Warner Telecom Holdings Inc., its
 general partner

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	 TIME WARNER TELECOM OF FLORIDA, L.P.
 By: Time Warner Telecom General Partnership, its
 general partner
 By: Time Warner Telecom Holdings Inc., its
 general partner

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	 TIME WARNER TELECOM OF GEORGIA, L.P.
 By: Time Warner Telecom General Partnership, its
 general partner
 By: Time Warner Telecom Holdings Inc., its
 general partner

		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

 -27- 

			
	 TIME WARNER TELECOM OF HAWAII, L.P.

	By: Time Warner Telecom General Partnership, its general partner
	By: Time Warner Telecom Holdings Inc., its
general partner

			
		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	 TIME WARNER TELECOM OF INDIANA, L.P.

	By: Time Warner Telecom General Partnership, its general partner
	By: Time Warner Telecom Holdings Inc., its
general partner

			
		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	TIME WARNER TELECOM OF THE MID-SOUTH, LLC
	By: Time Warner Telecom Holdings Inc., its
sole member

			
		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

 -28- 

			
	TIME WARNER TELECOM OF NEW JERSEY, L.P.
	By: Time Warner Telecom General Partnership, its general partner
	By: Time Warner Telecom Holdings Inc., its
general partner

			
		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	TIME WARNER TELECOM – N.Y., L.P.
	
	By: Time Warner Telecom General Partnership, its general partner
	By: Time Warner Telecom Holdings Inc., its
general partner

			
		
	By:	 	/S/    PAUL B. JONES

					
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	TIME WARNER TELECOM OF OHIO, LLC
	By: Time Warner Telecom Holdings Inc., its
sole member

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

 -29- 

			
	TIME WARNER TELECOM OF TEXAS, L.P.
	By: Time Warner Telecom Holdings Inc., its
general partner

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

			
	 TIME WARNER TELECOM OF WISCONSIN, L.P.

	By: Time Warner Telecom General Partnership, its general partner
	By: Time Warner Telecom Holdings Inc., its
general partner

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

			
	TIME WARNER TELECOM OF NORTH CAROLINA, L.P.
	By: Time Warner Telecom General Partnership, its general partner
	By: Time Warner Telecom Holdings Inc., its
general partner

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

 -30- 

			
	TIME WARNER TELECOM OF ARIZONA LLC
	 By: Time Warner Telecom Holdings Inc.,
 its
sole member

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	TIME WARNER TELECOM OF IDAHO LLC
	 By: Time Warner Telecom Holdings Inc.,
 its
sole member

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	TIME WARNER TELECOM OF NEVADA LLC
	 By: Time Warner Telecom Holdings Inc.,
 its
sole member

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	TIME WARNER TELECOM OF NEW MEXICO LLC
	 By: Time Warner Telecom Holdings Inc.,
 its
sole member

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

 -31- 

			
	TIME WARNER TELECOM OF OREGON LLC
	 By: Time Warner Telecom Holdings Inc.,
 its
sole member

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	TIME WARNER TELECOM OF UTAH LLC
	 By: Time Warner Telecom Holdings Inc.,
 its
sole member

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

			
	
	TIME WARNER TELECOM OF WASHINGTON LLC
	 By: Time Warner Telecom Holdings Inc.,
 its
sole member

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

 -32- 

			
	TW TELECOM L.P.
	By: Time Warner Telecom Holdings Inc., its general partner

					
		
	By:	 	/S/    PAUL B. JONES
	 	 	 Name:
	 	 Paul B. Jones

	 	 	 Title:
	 	 Senior Vice President
 General Counsel
& Regulatory Policy

  

 -33- 

 Accepted as of the date hereof 
  

MORGAN STANLEY & CO. INCORPORATED 
 LEHMAN BROTHERS INC. 
 WACHOVIA CAPITAL MARKETS, LLC 
  
 Acting severally on behalf of themselves and 
 the several Initial Purchasers named in 
 Schedule I hereto. 
  

			
		
	 By:
	 	 MORGAN STANLEY & CO. INCORPORATED

		
	 By:
	 	 /s/    DAVID SCHWARZBACH

	 	 	 Name: David Schwarzbach

	 	 	 Title:   Executive Director

  

 SCHEDULE I 
  

				
	 Initial Purchaser

	  	 Principal Amount of
 Securities to Be Purchased

	 Morgan Stanley & Co. Incorporated
	  	$	80,000,000
	 Lehman Brothers Inc.
	  	$	80,000,000
	 Wachovia Capital Markets, LLC
	  	$	40,000,000
	 	  	
	

	 TOTAL
	  	$	200,000,000
	 	  	
	

  

  
 SCHEDULE II 

 
 SUBSIDIARY GUARANTORS 
  
 TIME WARNER TELECOM HOLDINGS II LLC 
 TIME WARNER TELECOM GENERAL PARTNERSHIP 
 TIME WARNER TELECOM OF ILLINOIS LLC

 TIME WARNER TELECOM OF COLORADO LLC 
 TIME WARNER TELECOM OF
MINNESOTA LLC 
 TIME WARNER TELECOM OF SOUTH CAROLINA LLC 
 TIME
WARNER TELECOM OF CALIFORNIA, L.P. 
 TIME WARNER TELECOM OF FLORIDA, L.P. 
 TIME WARNER TELECOM OF GEORGIA, L.P. 
 TIME WARNER TELECOM OF HAWAII, L.P. 
 TIME WARNER TELECOM OF INDIANA, L.P. 
 TIME WARNER TELECOM OF THE MID-SOUTH,
LLC 
 TIME WARNER TELECOM OF NEW JERSEY, L.P. 
 TIME WARNER
TELECOM – N.Y., L.P. 
 TIME WARNER TELECOM OF OHIO, LLC 
 TIME WARNER TELECOM OF TEXAS, L.P. 
 TIME WARNER TELECOM OF WISCONSIN, L.P. 
 TIME WARNER TELECOM OF NORTH CAROLINA, L.P. 
 TIME WARNER TELECOM OF ARIZONA LLC 
 TIME WARNER TELECOM OF IDAHO LLC 
 TIME WARNER TELECOM OF NEVADA LLC

 TIME WARNER TELECOM OF NEW MEXICO LLC 
 TIME WARNER TELECOM OF
OREGON LLC 
 TIME WARNER TELECOM OF UTAH LLC 
 TIME WARNER
TELECOM OF WASHINGTON LLC 
 TW TELECOM L.P.Employment Agreement between the Company and Mark Peters

 Exhibit 10.13 
  
 EMPLOYMENT AGREEMENT 
  
 Employment Agreement made effective as of November 1, 2003 between TIME WARNER TELECOM INC., a Delaware corporation (the “Company”), and the
employee whose name appears on the last page hereof (the “Employee”). The Company shall employ the Employee on the following terms and conditions: 
  
 1. Term. The Company hereby employs Employee and Employee hereby accepts such employment upon the terms and conditions hereof for an initial term
commencing on November 1, 2003 (the “Effective Date”) and ending, subject to renewal or termination as provided herein, on the October 31 immediately prior to the third anniversary of the Effective Date (the “Initial Term”);
provided, however, that this Agreement shall automatically continue for successive one month periods thereafter (each such period being an “Additional Term”) unless either party has delivered written notice of termination to the other
party no later than six months prior to the end of the Initial Term or 60 days prior to the end of any Additional Term. Sections 8, 10 through 22 and 24 through 28 shall survive any termination of Employee’s employment under this Agreement. The
Employee hereby covenants that as of the Effective Date any agreement between Employee and the Company, Time Warner Cable, US WEST, Inc. or MediaOne Group, Inc., respectively, or any of their affiliates, entered into prior to the date hereof,
relating to Employee’s employment with such entity, shall terminate as of, or have been terminated prior to, the Effective Date. 
  
 2. Duties. Employee shall serve as Vice President Treasurer or subject to Section 5, in such other management position as the Company shall
determine. Subject to the foregoing, Employee shall perform such duties as may be assigned by the Company to Employee from time to time, and shall travel for business purposes to the extent reasonably necessary or appropriate in the performance of
such duties. 

 Employee shall perform such duties on a full time basis (subject to the Company’s written policies
on vacations, illness, government service, etc. applicable to employees at Employee’s level in effect from time to time), provided, however, that Employee shall not be precluded from devoting such time to personal affairs as shall
not interfere with the performance of his or her duties hereunder. In performing his or her duties hereunder, Employee shall comply with the Company’s policies and procedures in effect from time to time. Unless Employee otherwise consents, the
headquarters for the performance of Employee’s services shall be the principal executive offices of the Company in the Denver, Colorado area, subject to such reasonable travel as may be appropriate or required in the performance of
Employee’s duties in the business of the Company. 
  
 3.
Compensation. The Company shall pay or cause to be paid to Employee, during the term of employment, an annual salary in respect of each calendar year at the rate of not less than $ 175,713 per annum. The Company may increase, but not
decrease, such annual salary at any time and from time to time during the term of employment. In addition to annual salary, Employee may be entitled to receive an annual bonus in respect of each calendar year based on a target percentage of the
salary paid to Employee during such calendar year of 35%. Subject to Section 5, and the second paragraph of this Section 3, Employee acknowledges that his or her actual annual bonus may vary and range from 0% to 150% of the target amount, depending
on actual performance of the Company and Employee. 
  
 Subject to
Section 5 and the second sentence of this Section 3, the Company shall determine, in its sole discretion, the amount of any salary increase, the amount of any annual bonus and whether to increase the target percentage of Employee’s annual
bonus. The payment of any bonus compensation shall be made in accordance with the Company’s then current practices and policies, including without limitation, less the usual required payroll deductions and withholding. 
  

 2 

 The Company shall pay or reimburse Employee, in accordance with Company policies applicable to employees
at Employee’s level, for all travel, entertainment and other business expenses actually incurred or paid by Employee in the performance of his or her duties hereunder, if properly substantiated and submitted. 
  
 4. Benefits. Employee shall be eligible to participate in any pension,
profit-sharing, employee stock ownership, vacation, insurance, hospitalization, medical, health, disability and other employee benefit or welfare plan, program or policy whether now existing or established hereafter (collectively, the “Benefit
Plans”), to the extent that employees at Employee’s level are generally deemed eligible under the general provisions thereof. The Company reserves the right to amend or cancel any such Benefit Plan in its sole discretion. 
  
 5. Termination by Employee Following a Change in Control. 

 
 (a) Provided that notice of termination has not previously been given
under any other Section hereof, Employee shall have the right to terminate his or her employment with the Company under this Agreement for cause upon 30 days prior written notice delivered to the Company at any time within 180 days after Employee
has actual knowledge of the occurrence of any of the following events following a Change in Control, indicating in such notice which event has occurred: 
  
 A. A change in the location of Employee’s office or of the Company’s principal executive offices to a place which is more than
50 miles from the location of Employee’s office or the location of the Company’s principal executive offices immediately prior to the occurrence of a Change in Control; 
  
 B. A material reduction in Employee’s decision-making, budgetary, operating, staff and other
responsibilities, taken as a whole, from such responsibilities immediately prior to the occurrence of a Change in Control, or a change in the person or persons to whom Employee reported immediately prior to the occurrence of a Change in Control, to
a person or persons of lesser rank, title or responsibility; or 
  

 3 

 C. Any material breach of this Agreement by the Company. 
  
 (b) Upon the expiration of the 30-day notice period provided in Section 5(a),
Employee shall be relieved of his or her management position with the Company and his or her duties hereunder. In the notice delivered by Employee to the Company pursuant to Section 5(a), Employee shall elect either (A) to terminate his or her
employment with the Company, in which case Employee shall receive: (x) subject to the terms thereof, all benefits which may be due to Employee under the provisions of any Benefit Plan; and (y) in a lump sum severance payment, within 30 days
following the effective date of such termination, the present value (using the discount rate described below) of an amount equal to the sum of the annual salary at the rate in effect on the date of termination of employment or immediately prior to
the Change in Control, whichever is greater, plus an annual bonus in a minimum amount equal to Employee’s then applicable target bonus amount or the Employee’s applicable target bonus amount in effect immediately prior to the Change in
Control, whichever is greater, for the remainder of the existing term of this Agreement, without any further renewal or continuation, provided that such amount shall be not less than the sum of such salary and bonus pro rated for a 12-month period;
or (B) to remain an employee of the Company for a period (as determined by Employee) of up to 12 months following the date notice of termination is given by Employee pursuant to Section 5(a), in which case Employee shall be relieved of his or her
management position with the Company and his or her duties hereunder, and shall (i) continue to receive both salary, based on a rate equal to his or her annual rate in effect on the date of giving notice of termination of employment or immediately
prior to the Change in Control, whichever is greater, and annual bonuses in respect of such period (in each case payable within 30 days after the end of the respective calendar year and prorated for any portion of a year), each such bonus to be
based on 
  

 4 

 an amount equal to Employee’s then applicable target bonus amount or the Employee’s applicable target bonus
amount in effect immediately prior to the Change in Control, whichever is greater, and (ii) receive a discounted lump sum payment pursuant to Section 5(b)(A)(y) for any portion of the Initial Term remaining after such period; provided,
however, that if Employee accepts full-time employment with any other corporation, partnership, trust, government or other entity (“Entity”) during such period or notifies the Company in writing of his or her intention to terminate
his or her employment during such period, Employee shall cease to be an employee of the Company effective upon the commencement of such employment, or the effective date of such termination as specified by Employee in such notice, and shall be
entitled to receive, subject to the terms thereof, all benefits due to Employee under the provisions of any Benefit Plan and a discounted lump sum cash payment for the balance of the salary and bonuses Employee would have been entitled to receive
pursuant to this Section 5(b)(B) had Employee remained on the Company’s payroll until the end of the Initial Term or such 12 month period, whichever is greater; provided, further, however, that Employee shall not be
entitled to receive any such lump sum cash payment if he or she accepts full-time employment with any subsidiary or Affiliate of the Company. For purposes of this Agreement, the term “Affiliate” shall mean an Entity which, directly or
indirectly, controls, is controlled by or is under common control with, the Company or Time Warner Inc. (“TWI”). 
  
 In addition, whether Employee elects 5(b)(A) or 5(b)(B), for a period of the earlier of one year from the date of termination of employment or the date
Employee is eligible to receive health benefits by virtue of other employment, Employee shall receive continued eligibility and enrollment (including family coverage, if any), without a premium charge there for, in hospital, medical and dental
insurance plans providing substantially equivalent benefit coverage to those plans in which Employee was enrolled immediately prior to the Change in Control unless waived in writing by Employee (or, in the event such coverage cannot be provided,
substantially similar benefits). 
  

 5 

 Any lump sum payments required to be made pursuant to this Section 5(b) shall be discounted to present
value from the times at which such amounts would have been paid absent any such termination at an annual discount rate for the relevant period equal to the “applicable Federal rate” (within the meaning of Section 1274(d) of the Internal
Revenue Code of 1986 (the “Code”)), compounded semi-annually, in effect on the date of such termination, the use of which rate is hereby elected by the Company and Employee pursuant to Treas. Reg. § 1.280G-1Q/A32 (provided that in the
event such election is not permitted, such other rate determined as of such other date as is applicable for determining present value under Section 280G of the Code shall be used). 
  
 6. Termination by Company. 
  

(a) For Cause. Provided that notice of termination has not previously been given under any other Section hereof, the Company shall have the
right to terminate Employee’s employment for cause upon written notice to Employee at any time. In such event, Employee’s employment with the Company shall terminate immediately and Employee shall be entitled to receive (i) any earned and
unpaid salary accrued through the date of such termination, and (ii) subject to the terms thereof, any benefits which may be due to Employee under the provisions of any Benefit Plan. Employee hereby disclaims any right to receive a pro rata portion
of his or her annual bonus with respect to the year in which such termination occurs. For purposes hereof, “cause” shall mean termination by action of the Company’s Board of Directors or any committee thereof because of
Employee’s conviction (treating a nolo contendere plea as a conviction) of a felony (whether or not any right to appeal has been exercised) or willful refusal without proper cause to perform his or her obligations under this Agreement or
because of Employee’s material breach of the covenants provided for in Sections 10, 11 and 12 of this Agreement. In the event (i) such termination is because of the Employee’s willful refusal without proper cause to perform any one or more
of his obligations under this Agreement, (ii) 
  

 6 

 such notice is the first such notice of termination for any reason delivered by the Company to the Employee under this
Section 6(a), and (iii) within 10 days following the date of such notice the Employee shall cease his or her refusal and shall use his or her best efforts to perform such obligations, the termination shall not be effective. 
  
 (b) Other. Provided that notice of termination has not previously been
given under any other Section hereof, the Company shall have the right at any time to terminate Employee’s employment under this Agreement without cause, by giving written notice thereof to Employee. 
  
 (i) If such notice is so given to Employee, Employee shall be entitled to
receive, subject to the terms thereof, all benefits which may be due to Employee under the provisions of any Benefit Plan and to elect, within 30 days after receiving such notice, to receive either a lump sum severance payment in the amount, and
upon the terms and conditions, provided in Section 5(b)(A) and calculated as set forth in the last paragraph of Section 5(b), or to remain an employee of the Company upon the terms and conditions provided in Section 5(b)(B); provided,
however, that (i) any reference therein to Section 5(a) shall be deemed for purposes of this Section 6(b) to be a reference to this Section 6(b)(i), and (ii) if a Change in Control has not occurred, then (x) Employee’s salary shall be
determined with reference to his or her then current annual salary and (y) Employee’s annual bonus shall equal at least the Employee’s target amount immediately prior to Employee’s termination under this Section 6(b)(i). 

 
 (ii) For the period beginning when Employee receives notice of termination from the
Company pursuant to this Section 6(b), and ending six months thereafter, Employee will, without charge to Employee, have use of reasonable office space and reasonable office facilities at Employee’s principal job location immediately prior to
his or her termination of employment, or other location reasonably close to such location, together with reasonable secretarial services in each case appropriate to an employee of Employee’s position and responsibilities prior to such
termination of employment but taking into account Employee’s reduced need for such office 
  

 7 

 space and secretarial services. Employee will continue to be eligible to participate in the Company’s Benefit Plans
and to receive, subject to the terms thereof, all benefits, which are received by other employees at Employee’s level thereunder other than options or similar equity-based or incentive awards. 
  
 (iii) In the event that Employee’s employment is terminated prior to
the occurrence of a Change in Control, or more than three years following a Change in Control, then, in partial consideration for the Company’s obligation to make the payments described in this Section 6(b), Employee shall execute and deliver
to the Company a release in the form as set forth in Exhibit A. The Company shall deliver such release to Employee at the time the Company delivers notice of termination pursuant to this Section 6(b). Employee shall execute and deliver such release
to the Secretary of the Company within 21 days of receipt of notice of termination. If Employee shall fail to execute and deliver to the Company such release within 30 days of Employee’s receipt thereof from the Company, Employee’s
employment with the Company shall terminate effective at the end of such 30-day period and Employee shall receive, in lieu of the severance arrangements described in Section 6(b), a lump sum cash payment in an amount determined in accordance with
the personnel policies of the Company then applicable. 
  
 7.
Death; Disability. 
  
 (a) Death. If Employee shall
die while employed by the Company, Employee’s employment under this Agreement shall thereupon terminate and Employee’s estate or beneficiaries, as the case may be, shall be entitled to receive as promptly as practicable but in any event
within 30 days after reasonably satisfactory evidence of Employee’s death is received by the Company (i) any earned and unpaid salary accrued to Employee through the period ending 30 days following the date of Employee’s death and a pro
rata portion of the target annual bonus amount in effect immediately prior to Employee’s death; and (ii) subject to the terms thereof, any benefits which may be due to Employee’s estate or beneficiaries under the provisions of any Benefit
Plan. 
  

 8 

 (b) Disability. Provided that notice of termination has not previously been given under any
Section hereof, if employee becomes ill or is injured or disabled during the term of this Agreement such that Employee fails to perform all or substantially all the duties to be rendered hereunder and such failure continues for a period in excess of
26 consecutive weeks (a “Disability”), the Company may terminate the employment of Employee under this Agreement upon written notice to Employee at any time and thereupon Employee shall be entitled to receive (i) any earned and unpaid
salary accrued through the date of such termination; (ii) subject to the terms thereof, any benefits which may be due to Employee under the provisions of any Benefit Plan; and (iii) a lump sum cash payment equal to the sum of 75% of Employee’s
then current annual salary and then applicable target annual bonus amount prorated for a 12-month period, less the amount of any disability insurance proceeds payable to Employee under any disability insurance policy or program covering Employee.

  
 8. Stock Options and Other Incentive Awards. Upon
Employee’s termination of employment with the Company for any reason, Employee’s rights to benefits and payments under any stock options, restricted shares or other incentive plans shall be determined in accordance with the terms and
provisions of such plans and any agreements under which such stock options, restricted shares or other awards were granted. 
  
 9. Change in Control. For purposes of this Agreement, a “Change in Control” of the Company shall be deemed to have occurred at such time
as TWI, MediaOne Group, Inc. and Advance/Newhouse Partnership (and their respective affiliates) (collectively, the “Founding Stockholder”) as a group cease to have the ability to elect a majority of the Board of Directors of the Company
(other than the chief executive officer of the Company and independent directors; provided that independent directors shall be included in calculating whether the foregoing 
  

 9 

 majority requirement is satisfied if the directors’ nominated by the Founding Stockholders (and their respective
affiliates) do not constitute a majority of the committee that selects the Board of Directors’ nominees for independent representatives) and a “person” or “group” (within the meaning of Sections 13(d) and 14(d)(2) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (other than the Founding Stockholders and their respective affiliates) has become the ultimate “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act)
of more than 35% of the total voting power of the voting interests of the Company on a fully diluted basis and such ownership represents a greater percentage of the total voting power of the voting interests of the Company, on a fully diluted basis,
than is held by the Founding Stockholders (and their respective affiliates) as a group on such date. 
  
 10. Trade Secrets; Work Products, Etc. Except in connection with the performance of his or her duties hereunder, Employee hereby expressly
covenants and agrees that Employee will not at any time while employed by the Company or thereafter, exploit, use, sell, publish, disclose, communicate or divulge to any person or Entity, other than the Company and its subsidiaries, either directly
or indirectly, any trade secrets or confidential information, knowledge or data regarding the Company or any of its subsidiaries or Affiliates or any of their respective officers, directors or employees including, without limitation, the existence
and terms of this Agreement, other than such information, knowledge or data which has been released by the Company or such subsidiaries, Affiliates or others to the public (except that with respect to the terms of this Agreement Employee may
communicate such terms to Employee’s spouse and Employee’s attorneys and financial advisors). Notwithstanding the foregoing, Employee may disclose such trade secrets or confidential information, knowledge, data or terms when required to do
so by a court or government agency or legislative body of competent jurisdiction, provided Employee first notifies the Company orally and in writing as promptly as possible of such requirement so that the Company may either seek an appropriate
protective order or waive 
  

 10 

 compliance with the provisions of this Section, and provided further that if, in the absence of such protective order or
waiver, Employee is nevertheless, in the written opinion of his or her counsel, reasonably acceptable to the Company, addressed to and delivered to the Company, otherwise required to disclose such information to any such court, government agency or
legislative body or else stand liable for contempt or suffer other material penalty, Employee may disclose such information in such case without liability hereunder so long as such disclosure does not exceed that required by such court, government
agency or legislative body. 
  
 Employee hereby grants and assigns
to the Company all rights (including, without limitation, any copyright or patent) in the results and proceeds of all services provided by Employee hereunder and all such services shall be subject in all respects to the supervision, control and
direction of the Company. Any work in connection with such services shall be considered “work made for hire” under the Copyright Law of 1976 or any successor thereof, and the Company shall be the owner of such work as if the Company were
the author of such work. 
  
 11. Non-Compete; Solicitation.
Employee hereby expressly covenants and agrees that: (a) Employee will not at any time during the Term of employment (including any period during which Employee remains on the Company’s payroll pursuant to Section 5(b)(B)) and for a period of
one year following the effective date of a notice of termination of Employee’s employment (i.e., Employee is no longer considered an employee for payroll purposes) as provided herein, be or become an officer, director, partner or
employee of or consultant to or act in any managerial capacity with or own any equity interest in any Entity (an “Affiliated Person”) which is a “Competitive Business Entity” (as such term is defined on Exhibit B hereto);
provided, however, that (i) ownership of less than one percent (1%) of the outstanding equity securities of any Entity listed on any national securities exchange or traded on the National Association of Securities Dealers Automated
Quotation System shall not be prohibited hereby, and (ii) in the event Employee is terminated pursuant to Section 6(b) and notice of termination is 
  

 11 

 so given to Employee following the occurrence of a Change in Control, Employee is hereby permitted to accept employment
with any Founding Stockholder and such employment shall not violate the provisions of this Section 11. 
  
 (b) Employee will not at any time during the Term of employment and for a period of one year after the date Employee’s employment is terminated as
provided herein, solicit (or assist or encourage the solicitation of) any employee of the Company or any of its subsidiaries or Affiliates to work for Employee or for any Entity in which Employee owns or expects to own more than a 1% equity interest
or for which Employee serves or expects to serve as an Affiliated Person. 
  
 For the purposes of this Section 11(b), the term “solicit any employee” shall mean Employee’s contacting, or providing information to others who may be expected to contact, any employee of the Company
or any of its subsidiaries or Affiliates regarding their employment status, job satisfaction, interest in seeking employment with Employee or any Affiliated Person or any related matter, but shall not include general print advertising for personnel
or responding to an unsolicited request for a personal recommendation for or evaluation of an employee of the Company or any of its subsidiaries or Affiliates. 
  

12. Documents; Conduct. Employee hereby expressly covenants and agrees that: 
  
 (a) Following termination of Employee’s employment with the Company for any reason or at any time upon the
Company’s request, Employee will promptly return to the Company all property of the Company and its subsidiaries and Affiliates in his or her possession or control (whether maintained at his or her office, home or elsewhere), including, without
limitation, all copies of all management studies, business or strategic plans, budgets, notebooks and other printed, typed or written materials, documents, diaries, calendars and data of or relating to the Company or its subsidiaries or Affiliates
or their respective personnel or affairs; and 
  

 12 

 (b) Employee will not at any time denigrate, ridicule or intentionally criticize the Company or any of
its subsidiaries or Affiliates or any of their respective products, properties, employees, officers or directors, including, without limitation, by way of news interviews, or the expression of personal views, opinions or judgments to the news media.

  
 13. Breach by Employee. Employee hereby expressly
covenants and agrees that the Company will suffer irreparable damage in the event any provisions of Sections 10, 11 and 12 are not performed or are otherwise breached and that the Company shall be entitled as a matter of right to an injunction or
injunctions and other relief to prevent a breach or violation by Employee and to secure its enforcement of Section 10, 11 and 12 resort to such equitable relief, however, shall not constitute a waiver of any other rights or remedies which the
Company may have. 
  
 14. Representations. 
  
 (a) Employee represents and warrants to the Company that this Agreement is
legal, valid and binding upon Employee and Employee is not a party to any agreement or understanding which would prevent the fulfillment by Employee of the terms of this Agreement. Employee has consulted with his or her legal, tax, financial and
other advisors, to the extent desired, prior to execution and delivery of this Agreement. 
  
 (b) The Company represents and warrants to Employee that this Agreement is legal, valid and binding upon the Company and the Company is not a party to any agreement or understanding which would prevent the fulfillment
by the Company of the terms of this Agreement. 
  
 15.
Notice. Any notice required or permitted to be given hereunder shall be in writing (except where required to be given orally) and shall be sufficiently given or sent by registered or certified mail or delivered, in person, if to Employee at
the address set forth on the last paragraph 
  

 13 

 hereof, or at such other address as Employee shall designate by written notice to the Company, and if to the Company at
10475 Park Meadows Drive, Littleton, CO 80124, attention of the Secretary or at such other address as the Company shall designate by written notice to Employee. 
  

16. Successors and Assigns. This Agreement is personal in its nature and neither of the parties hereto shall, without the consent of the other,
assign or transfer this Agreement or any right or obligations hereunder; provided however, that the provisions hereof shall inure to the benefit of, and be binding upon, any successor of the Company, whether by merger, consolidation,
transfer of all or substantially all of the assets of the Company, or otherwise. 
  
 17. Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, irrespective of its conflicts of law rules, except for the By-laws
referred to in Section 26, which shall be governed by and construed and enforced in accordance with the laws of the State of Delaware. 
  
 To the extent that any applicable state or Federal law, rule or regulation confers upon Employee any greater benefit or right than that set forth in this
Agreement, such law, rule or regulation shall control in lieu of the provisions hereof relating to such benefit or right. 
  
 18. Mitigation. Employee shall have no obligation to mitigate damages in the event of termination of Employee’s employment under this
Agreement under Section 5(a), 6(b) or 7, other than as necessary to prevent the Company from losing any tax deductions to which it otherwise would have been entitled for any payments deemed to be “contingent on a change” under the Code and
any payments received by Employee hereunder shall not be offset or reduced in any way by any other earnings or payments which may be received by Employee from any source, except as provided by this Section 18. It is acknowledged and agreed that any
payment which may be made by the Company to Employee under Section 5(b), 6(b) or 7 is in the nature of severance and is not a penalty payment. 
  

 14 

 19. Withholding. All payments required to be paid by the Company to Employee under this Agreement
will be paid in accordance with the payroll practices of the Company or the terms of the Benefit Plans, as the case may be, and will be subject to withholding taxes, social security and other payroll deductions in accordance with the Company’s
policies applicable to employees at Employee’s level and the terms of the Benefit Plan. 
  
 20. Complete Understanding. This Agreement supersedes any prior contracts, understandings, discussions and agreements relating to employment between Employee, on the one hand, and the Company and its
subsidiaries and Affiliates, on the other, and constitutes the complete understanding between the parties with respect to the subject matter hereof. No statement, representation, warranty or covenant has been made by either party with respect
thereto except as expressly set forth herein. 
  
 21.
Modification; Waiver. This Agreement cannot be changed, modified or amended and no provision or requirement hereof may be waived without the consent in writing of both the parties hereto. No waiver by either party at any time of any breach by
the other party of any condition or provision of this Agreement shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. Subject to Section 28, no policy, procedure or practice of the
Company whether now or hereafter in effect shall be deemed to modify, amend or supersede any provision of this Agreement except as contemplated or provided otherwise in this Agreement. 
  
 22. Headings. The headings in this Agreement are for convenience of reference only and shall not control or affect
the meaning or construction of this Agreement. 
  
 23. Use of
Likeness. The Company and TWI shall have the right to use Employee’s name, biography and likeness in connection with their respective businesses and that of their subsidiaries and Affiliates, but not for use as a direct endorsement.

  

 15 

 24. Validity. The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
  
 25. Set-off. The Company and its subsidiaries and Affiliates shall have no right to set-off payments owed to Employee hereunder against amounts
owed or claimed to be owed by Employee to the Company or its subsidiaries or Affiliates under this Agreement or otherwise. 
  
 26. Indemnification. The Company shall indemnify Employee to no lesser extent than provided in the Company’s By-laws on the date hereof (the
provisions of which are hereby incorporated by reference herein), notwithstanding any changes or amendments to such By-laws after the date hereof adversely affecting, limiting or reducing such indemnification. 
  
 27. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument. 
  
 28. Changes. Subject to Section 5, the Company and its subsidiaries and Affiliates are entitled to amend, modify, terminate or otherwise change at
any time or from time to time any and all Benefit Plans and policies, practices or procedures referred to in this Agreement, and all references herein to such Benefit Plans and policies, practices and procedures shall be to such as from time to time
in effect prior to a Change in Control except as otherwise specifically herein provided. 
  
 29. Beneficiaries. Whenever this Agreement provides for any payment to the Employee’s estate, such payment may be made instead to such beneficiary or beneficiaries as the Employee may designate in writing
(using the form of Beneficiary Designation attached hereto as Exhibit C) and file with the Company. The Employee shall have the right to revoke such Beneficiary Designation and redesignate a beneficiary by filing with the Company (and any
applicable insurance company) a later dated Beneficiary Designation to such effect. 
  

 16 

 IN WITNESS WHEREOF, Employee and the Company have caused this Agreement to be executed as of the date
first above written. 
  

			
	TIME WARNER TELECOM INC.
		
	By:	 	 /s/    LARISSA HERDA

					
	 	 	Name:	 	Larissa Herda
	 	 	Title:	 	President and CEO

  
 Agreed to and accepted as of

 the date first above written 
  

			
	 /s/    MARK A. PETERS

	Name:	 	Mark A. Peters
	Title:	 	V.P., Treasurer
	
	Address for Notices:
	  

	  

	  

  
  

 17 

 EXHIBIT A 
  

RELEASE 
  
 Pursuant to the terms of the Employment Agreement made effective as of November 1, 2003 between Time Warner Telecom Inc. (the “Company”) and any
successor and the undersigned (the “Agreement”), and in consideration of the payments made to me and other benefits to be received by me pursuant thereto,
                                    , being of lawful age, do
hereby release and forever discharge the Company and its respective officers, shareholders, subsidiaries, agents, and employees, from any and all actions, causes of action, claims, or demands for general, special or punitive damages, attorneys’
fees, expenses, or other compensation, which in any way relate to or arise out of my employment with the Company or the termination of such employment, which I may now or hereafter have under any federal, state or local law, regulation or order,
including without limitation, under the Age Discrimination in Employment Act, as amended, through and including the date of this release, provided, however, that the execution of this Release shall not prevent the undersigned from
bringing a lawsuit against the Company to enforce its obligations under the Agreement or to seek damages for the breach of the Agreement by the Company. 
  
 I acknowledge that I have been given at least 21 days from the day I received a copy of this Release to sign it and that I have been advised to consult an
attorney. I understand that I have the right to revoke my consent to this Release for seven days following my signing. This Release shall not become effective or enforceable until the expiration of the seven-day period following the date it is
signed by me. 
  
 I ALSO ACKNOWLEDGE THAT BY SIGNING THIS RELEASE
I MAY BE GIVING UP VALUABLE LEGAL RIGHTS AND THAT I HAVE BEEN ADVISED TO 

 CONSULT A LAWYER BEFORE SIGNING. I further state that I have read this document and the Agreement referred to herein,
that I know the contents of both and that I have executed the same as my own free act. 
  
 WITNESS my hand this              day of
                    . 
  
 _________________________ 

 EXHIBIT B 
  
 “Competitive Business Entity” shall mean (i) any federal, state or local authority empowered to grant, renew,
modify or amend, or review the grant, renewal, modification or amendment of, franchises to operate any competitive local exchange carrier and/or Internet Service Provider or to regulate the conduct of any such business in the United States, except
that a Competitive Business Entity shall not include any such state or local authority that is so empowered with respect to franchises or regulation of any such business in a state or region in which the Company does not engage or, to the knowledge
of Employee, does not have definitive plans to engage, in the ownership, operation or management of such a business, and (ii) any Entity which is engaged, either directly or indirectly, in the ownership, operation or management of any business
providing telecommunications services to customers as a competitive local exchange carrier and/or as an Internet Service Provider in any state of the United States in which the Company engages or, to the knowledge of Employee, has definitive plans
to engage, in the ownership, operation or management of such a business. 
  
 All capitalized terms used herein shall have the meanings provided in the Employment Agreement to which this Exhibit B is attached. 

 EXHIBIT C 
  

BENEFICIARY DESIGNATION PURSUANT TO 
 EMPLOYMENT AGREEMENT 
  
 This Beneficiary Designation is
made by the undersigned employee pursuant to that certain Employment Agreement made effective as of November 1, 2003 (the “Agreement”), between Time Warner Telecom Inc., a Delaware corporation (the “Company’), and the
undersigned. 
  
 1. Primary Beneficiary or Beneficiaries. I hereby
designate the following Primary Beneficiary(ies) to receive all payments and other benefits due to me under the Agreement in the event of my death. Unless otherwise indicated, such benefits will be paid in equal shares to all designated Primary
Beneficiaries who are living or in existence at the date of my death. 
  

			
	Name(s) of Primary            Address(es)	 	 
		
	Beneficiary(ies)	 	 
	  

	 	  

	  

	 	

	  

	 	

  
 2. Contingent
Beneficiary or Beneficiaries. If none of the Primary Beneficiaries listed in Paragraph 1 above are living or in existence at the date of my death, then the following Contingent Beneficiary(ies) will receive the payments and other benefits due to
me under the Agreement. Unless otherwise indicated, such benefits will be paid in equal shares to all designated Contingent Beneficiary(ies) who are living or in existence at the date of my death. 
  

			
	Name(s) of Contingent	  	Address(es)
	Beneficiary(ies)	  	 
	  

	  	

	  

	  	

	  

	  	

  
  
  

 3. Payments to Estate. If none of the Primary Beneficiaries listed in Paragraph 1 above and one of
the Contingent Beneficiaries listed in Paragraph 2 above are living or in existence at the date of my death, then the payments and other benefits due to me under the Agreement shall be paid to my estate. 
  
 4. Effective Date of Beneficiary Designation. This Beneficiary
Designation will be effective only if it is received by the Company prior to my death. If this Beneficiary Designation is received by the Company prior to my death, it will revoke all prior Beneficiary Designations. This Beneficiary Designation may
be revoked by delivery to the Company of a subsequent, properly completed Beneficiary Designation. 
  

			
	_______________	 	____________________________________
	Date	 	 Employee

		
	__________	 	 _______________________________

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