Document:

Amendment No. 2 to the Amended and Restated Credit Agreement

 Exhibit 10.1 
 AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT AGREEMENT 
 AMENDMENT No. 2, dated as of September 28, 2009 (this “Amendment”), to the Amended and Restated Credit Agreement, dated as of March 14, 2007 (as amended as of
January 4, 2008) (the “Credit Agreement”), among KNOLOGY, INC., a Delaware corporation (the “Borrower”), the Lenders (as defined below), the Issuers (as defined below), CREDIT SUISSE, acting through one or more
of its branches, as administrative agent for the Lenders and the Issuers (in such capacity, together with its successors and assigns, the “Administrative Agent”) and as agent for the Secured Parties (as defined below) under the
Collateral Documents (as defined below) (in such capacity, the “Collateral Agent”), Jefferies & Company, Inc., as syndication agent and Royal Bank of Canada and CIT Lending Services Corporation, as co-documentation agents.

 W I T N E S S E T H: 
 WHEREAS, subject to the terms and conditions set forth herein, the Borrower has requested certain amendments to the Credit Agreement as set forth in the Restated Credit Agreement (as defined below);

 NOW, THEREFORE, in consideration of the foregoing, the parties hereto hereby agree as follows: 
 1.         Defined Terms.     Capitalized terms used
herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement or the Restated Credit Agreement, as applicable. 
 2.         Amendment and Restatement of Credit Agreement.     Effective as of the Second Amendment Effective Date
(as defined below) and subject to the satisfaction of the terms and conditions set forth herein: 
 (a)         the Credit Agreement is hereby amended and restated in its entirety to be in the form of Exhibit A attached hereto (as amended and restated, the “Restated Credit
Agreement”); 
 (b)         Schedule I (Commitments) and
Schedule II (Applicable Lending Offices and Addresses for Notices) to the Credit Agreement are hereby amended and restated in their entirety to be in the form of Exhibit B and Exhibit C, respectively, attached hereto;

 (c)         Schedule 4.3 (Ownership of Subsidiaries) to the
Credit Agreement is hereby amended and restated in its entirety to be in the form of Exhibit D attached hereto, respectively; 
 (d)         Exhibit A (Form of Assignment and Acceptance) to the Credit Agreement is hereby amended and restated in its entirety to be in the form of Exhibit
E attached hereto; 
 (e)         Exhibit B-2 (Form of Term Note) to
the Credit Agreement is hereby amended and restated in its entirety to be in the form of Exhibit F attached hereto, respectively; and 
 (f)         Exhibit F (Form of Notice of Conversion or Continuation) to the Credit Agreement is hereby amended and restated in its entirety to be in the form of
Exhibit G attached hereto. 
 3.         Classification of
Term Loans.     Effective as of the Second Amendment Effective Date: 
 (a)         each Term Loan Lender that, on or prior to 5:00 p.m. (New York time) (the “Consent Time”), on September 23, 2009 (as such time and date may be extended by the
Administrative Agent with the consent of the Borrower, the “Consent Due Date”), has executed and delivered to the Administrative Agent an Extending Lender Consent (each, an “Extending Term Lender”) shall, subject to
clause (b) below, be an Extended Term Loan Lender under the Restated Credit Agreement, and its Term Loans shall be Extended Term Loans thereunder, in each case with respect to all of the Term Loans it holds; provided,
however that, in the event the aggregate amount of Term Loans subject to Extending Lender Consents (i) does not equal at least $250,000,000, no Term Loans shall become Extended Term Loans, no Term Lender shall become an Extended Term
Loan Lender and this clause (a) shall be deemed ineffective and (ii) equals or exceeds $250,000,000, all such Term Loans shall become Extended Term Loans and all Extending Term Lenders of such Term Loans shall become Extended Term
Loan Lenders; and 

 (b)         each Term Lender that is
not an Extending Term Lender (each, a “Non-Extending Term Lender” and collectively, with each other Lender who has signed a Non-Extending Lender Consent (as defined below), the “Non-Extending Lenders”) shall be an
Existing Term Loan Lender under the Restated Credit Agreement, and its Term Loans (and, with respect to any Extending Term Lender, the amount of its Term Loans that is not classified as Extended Term Loans) shall be Existing Term Loans thereunder.

 4.         Revolving Credit
Commitments.     Effective as of the Second Amendment Effective Date: 
 (a)         Each party to this Amendment who is listed on the signature pages hereof as a New Revolving Credit Lender (each a “New Revolving Credit Lender”) shall be a party to the
Restated Credit Agreement as a Revolving Credit Lender, shall be deemed to have the Revolving Credit Commitment in the amount set forth opposite such Revolving Credit Lender’s name in Exhibit B hereto and shall have the rights and
obligations under the Restated Credit Agreement of a Revolving Credit Lender thereunder and hereunder; 
 (b)         each Revolving Credit Lender shall be deemed to have a Revolving Credit Commitment in the amount set forth opposite such Revolving Credit Lender’s name in Exhibit B hereto and
the Revolving Credit Commitment of each Revolving Credit Lender other than each New Revolving Credit Lender (each an “Existing Revolving Credit Lender”) shall be reduced on a pro rata basis, in each case, as set forth therein;

 (c)         the aggregate amount of the Revolving Credit Commitment
shall be increased in the aggregate amount set forth in Exhibit B hereto; and 
 (d)         Each New Revolving Credit Lender shall be deemed to have irrevocably and unconditionally purchased and received, without recourse or warranty, from each Existing Revolving Credit Lender
and each such Existing Revolving Credit Lender shall be deemed to have sold and transferred to each New Revolving Credit Lender (in each case on a pro rata basis among such Existing Revolving Credit Lenders) a portion of such Existing Revolving
Credit Lender’s undivided interest and participation in each Letter of Credit issued prior to the Second Amendment Effective Date (each an “LC Participation”) in an amount so that after giving effect to all such purchases, each
New Revolving Credit Lender has an interest and participation in all such Letters of Credit equal to its Ratable Portion of the Revolving Credit Commitments on the Second Amendment Effective Date for all purposes of Section 2.4 (Letters of
Credit) of the Restated Credit Agreement. 
 5.        
Waivers. The Administrative Agent and the Requisite Lenders hereby waive the notice requirements set forth in Section 2.11(a) of the Credit Agreement with respect to the continuation of any Loans with Interest Periods ending on
September 30, 2009. 
 6.         Conditions to Effectiveness of
this Amendment.     This Amendment shall become effective as of the date the following conditions precedent have been satisfied (the “Second Amendment Effective Date”): 
 (a)         the Administrative Agent shall have received Extending Lender Consents
duly executed and delivered by Term Loan Lenders holding, in aggregate, Term Loans in an amount equal to or greater than $250,000,000; 
 (b)         the Administrative Agent shall have received (i) this Amendment, duly executed and delivered by each of the Borrower, the Loan Parties, the
Administrative Agent and the Collateral Agent, and (ii) Extending Lender Consents, in the form attached hereto as Annex A (the “Extending Lender Consents”), or Non-Extending Lender Consents, in the form attached hereto
as Annex B (the “Non-Extending Lender Consents” and, together with the Extending Lender Consents, the “Lender Consents”), duly executed and delivered by the Lenders constituting the Requisite Lenders and the
Lenders constituting the Requisite Term Loan Lenders; 
  

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 (c)         the Administrative Agent
shall have received a favorable opinion of (i) Alston & Bird, LLP, counsel to the Loan Parties, (ii) other local counsel satisfactory to the Administrative Agent and (iii) Kelley Drye & Warren LLP, special counsel to
the Loan Parties as to FCC matters, dated as of the Second Amendment Effective Date and addressed to the Administrative Agent, the Lenders and the Issuers, in form and substance satisfactory to the Administrative Agent; 
 (d)         immediately before and after giving effect to this Amendment,
(i) the representations and warranties set forth in Article IV of the Restated Credit Agreement and in the other Loan Documents are true and correct in all material respects on and as of such date with the same effect as though made on and as
of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date,
(ii) the representations and warranties set forth in Section 9 are true and correct in all material respects and (iii) no Default or Event of Default has occurred and is continuing, and the Administrative Agent shall have
received a certificate from a Responsible Officer of the Borrower, dated as of the Second Amendment Effective Date and in form and substance satisfactory to the Administrative Agent, certifying the foregoing; 
 (e)         before and after giving effect to the Extended Term Loans described in
this Amendment, such Extended Term Loans do not violate any Requirement of Law on the date of or immediately following such Extended Term Loans and are not enjoined temporarily, preliminarily or permanently; 
 (f)         the Borrower shall have paid to the Administrative Agent, (i) for
the ratable benefit of each Lender that has executed and delivered an Extending Lender Consent or a Non-Extending Lender Consent to the Administrative Agent on or prior to the Consent Due Date, an amendment fee in an amount equal to 0.20% of such
Lender’s Revolving Credit Commitments and/or Term Loans, as applicable, on the Second Amendment Effective Date and (ii) all other fees and expenses due and payable on or before the Second Amendment Effective Date in connection herewith;

 (g)         the Borrower shall have paid all fees and expenses
(including the reasonable fees and expenses of Weil, Gotshal & Manges LLP) incurred by the Administrative Agent and invoiced in connection with the preparation, negotiation and execution of this Amendment or otherwise required to be paid in
connection with this Amendment; and 
 (h)         the Administrative
Agent shall have received such other certificates, documents, agreements and information respecting any Loan Party as the Administrative Agent may request. 
 7.         Covenants.     The Borrower shall deliver to the Administrative Agent, on the Second Amendment Effective
Date, Notes to the extent requested by any Lender at least three (3) Business Days prior thereto. 
 8.         Post-Second Amendment Effective Date Requirements Relating to the Mortgaged Real Property.     Within 60 days after the Second Amendment Effective Date (or such
later date acceptable to the Administrative Agent in its sole discretion), the Borrower shall deliver to the Administrative Agent: 
 (a)         mortgage amendments (the “Mortgage Amendments”) reflecting the modifications to the Credit Agreement, each in form and substance
satisfactory to the Administrative Agent, with respect to the Mortgages in favor of the Administrative Agent, each duly executed and delivered by an authorized officer of each party thereto and in form suitable for filing and recording in all filing
or recording offices that the Administrative Agent may deem necessary or desirable; 
 (b)         date-down endorsements to the title insurance policies with respect to the Real Property of any Loan Party subject to a Mortgage in favor of the Administrative Agent, each in form and
substance satisfactory to the Administrative Agent; and 
  

 3 

 (c)         evidence that all
invoiced fees, costs and expenses have been paid in connection with the preparation, execution, filing and recordation of the Mortgage Amendments, including, without limitation, reasonable attorneys’ fees, filing and recording fees, title
insurance company coordination fees, documentary stamp, mortgage and intangible taxes and title search charges and other charges incurred in connection with the recordation of the Mortgage Amendments and the other matters described in this
Section 8. 
 9.         Representations and
Warranties.     The Loan Parties hereby represent and warrant to the Administrative Agent and the Lenders on and as of the Second Amendment Effective Date that, immediately before and after giving effect to this Amendment:

 (a)         (i) the Loan Parties have taken all necessary action to
authorize the execution, delivery and performance of this Amendment and the Restated Credit Agreement and the consummation of the transactions contemplated hereby, (ii) this Amendment is within the Loan Parties’ corporate or limited
liability company powers and has been duly executed and delivered by the Loan Parties and (iii) this Amendment is the legal, valid and binding obligation of each Loan Party, enforceable against it in accordance with its terms, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles; 
 (b)         each of the representations and warranties made by any Loan Party in or
pursuant to this Amendment, Article IV (Representations and Warranties) of the Credit Agreement or the Restated Credit Agreement (as applicable) and any other Loan Document is true and correct in all material respects on and as of the Second
Amendment Effective Date, as if made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct in all material
respects as of such earlier date; 
 (c)         the execution, delivery
and performance by the Loan Parties of this Amendment and the performance by the Borrower of the Restated Credit Agreement, in accordance with their respective terms, do not and will not (A) contravene or violate the Loan Parties’ or any
of their Subsidiaries’ respective Constituent Documents, (B) violate any other Requirement of Law applicable to the Loan Parties (including Regulations T, U and X of the Federal Reserve Board), or any order or decree of any Governmental
Authority or arbitrator applicable to the Loan Parties, (C) conflict with or result in the breach of, or constitute a default under, or result in or permit the termination or acceleration of, any material Contractual Obligation or Related
Document of the Loan Parties or any of their Subsidiaries or (D) result in the creation or imposition of any Lien upon any property of the Loan Parties or any of their Subsidiaries, other than those in favor of the Secured Parties pursuant to
the Collateral Documents; 
 (d)         the Borrower is in compliance
with the financial covenants contained in Sections 5.1 and 5.2 (Financial Covenants) of the Credit Agreement on the Second Amendment Effective Date for the most recently ended Fiscal Quarter on a pro forma basis both before and after
giving effect to such Extended Term Loans described herein; and 
 (e)         no Default or Event of Default has occurred and is continuing. 
 10.         Reference to and Effect on the Loan Documents.     On and after the Second Amendment Effective Date, each reference in the
Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import, and each reference in each of the other Loan Documents to “the Credit Agreement”, “thereunder”,
“thereof” or words of like import, shall mean and be a reference to the Restated Credit Agreement. 
 11.         Continuing Effect.     Except as expressly set forth in this Amendment, all of the terms and provisions of the Credit Agreement and the other Loan Documents are
and shall remain in full force and effect and the Borrower and the other Loan Parties shall continue to be bound by all of such terms and provisions. This Amendment is limited as specified herein and shall not constitute an amendment or waiver of,
or an indication of the Administrative Agent’s or the Lenders’ willingness to amend or waive, any other provisions of the Credit Agreement or the other Loan Documents for any other date or purpose. The amendment and restatement of the
Credit Agreement as contemplated hereby shall not be construed to discharge or otherwise affect the Loans or any other obligations of the Borrower accrued or otherwise owing under the Credit Agreement, it being understood that such Loans and
obligations will constitute Loans and obligations under the Restated Credit Agreement. 
  

 4 

 12.        
Reaffirmation.     (a) Each Loan Party hereby consents to the execution, delivery and performance of the Restated Credit Agreement and this Amendment. 
 (b)         Each Loan Party hereby acknowledges and agrees that, after giving effect
to the Second Amendment Effective Date, all of its respective obligations under the Loan Documents to which it is a party are reaffirmed, and remain in full force and effect on a continuous basis. Each Loan Party acknowledges that the obligations
and liabilities of the Borrower under the Credit Agreement continue in full force and effect on a continuous basis, unpaid and undischarged, except as expressly provided in the Restated Credit Agreement, pursuant to the Restated Credit Agreement.

 (c)         As of the Second Amendment Effective Date, each Loan
Party reaffirms each Lien it granted to each Secured Party, and any Liens that were otherwise created or arose under each of the Loan Documents to which such Loan Party is party and reaffirms the guaranties made in favor of each Secured Party under
each of the Loan Documents to which such Loan Party is party, which Liens and guaranties shall not in any way affect the validity and enforceability of the Liens or the guaranties or reduce, impair or discharge the obligations of such Loan Party
thereunder and the Liens and guaranties shall continue in full force and effect during the term of the Restated Credit Agreement and any amendments, amendments and restatements, supplements or other modifications thereof and shall continue to secure
the Secured Obligations of the Borrower and the Guarantors, and secure the obligations of the other Loan Parties under any Loan Document, in each case, on and subject to the terms and conditions set forth in the Restated Credit Agreement and the
Loan Documents. 
 13.         Expenses.    
The Borrower agrees to pay and reimburse the Administrative Agent for all its reasonable costs and expenses incurred in connection with the negotiation, preparation, execution and delivery of this Amendment and all other documents prepared in
connection herewith, and the transactions contemplated hereby, including, without limitation, reasonable fees and disbursements and other charges of one outside counsel to the Administrative Agent per jurisdiction. 
 14.         Choice of Law.     This Amendment and the
rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 
 15.         Counterparts.     This Amendment may be executed in any number of counterparts and by different parties on separate
counterparts, each of which when so executed and delivered, shall be deemed an original, and all of which, when taken together, shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment,
an Extending Lender Consent or a Non-Extending Lender Consent by facsimile or e-mail shall be effective as delivery of a manually executed counterpart hereof or thereof. 
 16.         Integration.     This Amendment, together with the other Loan Documents, incorporates all negotiations
of the parties hereto with respect to the subject matter hereof and is the final expression and agreement of the parties hereto with respect to the subject matter hereof. 
 17.         Severability.     In case any provision in this Amendment shall be invalid, illegal or unenforceable,
such provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 18.         Loan Document.     This Amendment is a Loan
Document. 
 19.         Waiver of Jury
Trial.     EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT AND ANY OTHER LOAN DOCUMENT. 
 [SIGNATURE PAGES FOLLOW] 
  

 5 

 IN WITNESS WHEREOF, the parties have entered into this Amendment as of the
date first above written. 
  

			
	 KNOLOGY, INC.
 as
Borrower

		
	By:  	 	\s\ M.Todd Holt
		 	Name: M. Todd Holt
		 	Title: Chief Financial Officer, Vice President, Treasurer, and
		 	Assistant Secretary

 [SIGNATURE PAGE TO AMENDMENT] 

			
	 KNOLOGY BROADBAND, INC.

	 KNOLOGY OF CENTRAL FLORIDA, INC.

	 KNOLOGY PROVIDER SOLUTIONS GROUP, INC.

	 KNOLOGY OF ALABAMA, INC.
 KNOLOGY OF AUGUSTA, INC.
 KNOLOGY OF CHARLESTON, INC.
 KNOLOGY OF COLUMBUS, INC.
 KNOLOGY OF FLORIDA, LLC
 KNOLOGY OF GEORGIA, INC.
 KNOLOGY OF HUNTSVILLE,
INC.
 KNOLOGY OF KENTUCKY, INC.
 KNOLOGY OF KNOXVILLE, INC.
 KNOLOGY OF MONTGOMERY, INC.
 KNOLOGY OF NASHVILLE, INC.
 KNOLOGY OF SOUTH CAROLINA, INC.
 GLOBE TELECOMMUNICATIONS, INC.
 ITC GLOBE,
INC.
 KNOLOGY OF THE VALLEY, INC.
 VALLEY TELEPHONE CO., LLC
 KNOLOGY OF SOUTH DAKOTA, INC.
 KNOLOGY OF THE PLAINS, INC.
 KNOLOGY COMMUNITY TELEPHONE, INC.
 KNOLOGY OF THE BLACK HILLS, LLC
 BLACK HILLS FIBER
SYSTEMS, INC.
 BHFC PUBLISHING, LLC
 KNOLOGY TOTAL COMMUNICATIONS, INC.
 KNOLOGY OF THE WIREGRASS, INC.
 WIREGRASS TELCOM, INC.
 COMMUNICATIONS ONE, INC.
 WEST GEORGIA BROADBAND, INC.
 each as
Guarantor

		
	By:  	 	\s\ M.Todd Holt
		 	Name: M. Todd Holt
		 	Title: Chief Financial Officer, Vice President, Treasurer, and
		 	Assistant Secretary

 [SIGNATURE PAGE TO AMENDMENT] 

					
	CREDIT SUISSE, CAYMAN ISLANDS BRANCH,
	as Administrative Agent, Collateral Agent, Swing Loan Lender, and Lender
		
	By:	 	\s\ Karim Blasetti
		 	Name:	 	Karim Blasetti
		 	Title:	 	Vice President
		
	By:	 	\s\ Christopher Reo Day
		 	Name:	 	Christopher Reo Day
		 	Title:	 	Associate

 [SIGNATURE PAGE TO AMENDMENT] 

					
	 CREDIT SUISSE SECURITIES (USA) LLC,
 as Sole Bookrunner and Sole Lead Arranger

		
	By:	 	\s\ Jonathan Singer
		 	Name:	 	Jonathan Singer
		 	Title:	 	Director

 [SIGNATURE PAGE TO AMENDMENT] 

					
	 SUNTRUST ROBINSON HUMPHRIES, INC.,
 as Co-Syndication Agent

		
	By:	 	\s\ Roger N. Wilson
		 	Name:	 	Roger N. Wilson
		 	Title:	 	Vice President

 [SIGNATURE PAGE TO AMENDMENT] 

					
	 SUNTRUST BANK,
 as
a New Revolving Credit Lender

		
	By:	 	\s\ Arthur D. Burns
		 	Name:	 	Arthur D. Burns
		 	Title:	 	Vice President
		
	By:	 	 
		 	Name:	 	
		 	Title	 	

 [SIGNATURE PAGE TO AMENDMENT] 

 ANNEX A 
 EXTENDING LENDER CONSENT 
 Reference is made to
(i) the to the Amended and Restated Credit Agreement, dated as of March 14, 2007 (as amended as of January 4, 2008) (the “Credit Agreement”), among KNOLOGY, INC., a Delaware corporation (the
“Borrower”), the Lenders (as defined therein), the Issuers (as defined therein), CREDIT SUISSE, acting through one or more of its branches, as administrative agent for the Lenders and the Issuers (in such capacity, together with its
successors and assigns, the “Administrative Agent”) and as agent for the Secured Parties (as defined therein) under the Collateral Documents (as defined therein), Jefferies & Company, Inc., as syndication agent and Royal
Bank of Canada and CIT Lending Services Corporation, as co-documentation agents and (ii) the Amendment No. 2 to the Credit Agreement (the “Amendment”) to which this Extending Lender Consent is attached. Unless otherwise
defined herein, capitalized terms used herein and defined in the Credit Agreement or the Amendment, as applicable, are used herein as therein defined. 
 Pursuant to Section 11.1(a) (Amendments, Waivers, Etc.) of the Credit Agreement, the undersigned Lender hereby consents to the Amendment and authorizes the Administrative Agent to execute the
Amendment on its behalf. 
 Pursuant to Section 11.1(a) (Amendments, Waivers, Etc.) of the Credit
Agreement, the undersigned Lender hereby consents to the extension of the Term Loan Maturity Date (as defined in the Credit Agreement) to the Extended Term Loan Maturity Date (as defined in the Restated Credit Agreement) with respect to all of the
Term Loans held by it. 
 [The remainder of this page is intentionally left blank.] 

 By executing this signature page: 
 (i) as an existing Lender in respect of all of the Revolving Credit Commitments and Term Loans owned by such Lender immediately prior to the Second Amendment Effective Date of the
Amendment, the undersigned institution agrees (A) to the terms of the Amendment and the Restated Credit Agreement and (B) to authorize the Administrative Agent to execute the Amendment on its behalf; and 
 (ii) as an existing Term Lender that is an Extending Term Lender, the undersigned institution agrees on the terms and subject to the
conditions set forth in the Amendment and the Restated Credit Agreement, to extend the Term Loan Maturity Date with respect to the principal amount of its Term Loans to the Extended Term Loan Maturity Date and reclassify its Term Loans into Extended
Term Loans. 
  
 Name of Lender:________________________________________________________________ 
  
  

					
	
	Executing as an Extending Lender:
		 	by	 	
			
		 		 	 
		 		 	Name:
		 		 	Title:
	
	For any Institution requiring a second signature line:
		 	by	 	
			
		 		 	 
		 		 	Name:
		 		 	Title:

  

							
	 	 	 	 
	 Tranche
  
	  	 	  	 	  	 
	 Credit
Agreement
 Reference
	  	CUSIP	  	Facility Reference	  	Total Principal Amount of Term Loans held by Lender1
	 Term Loans
  
	  	             [•]
  
	  	             TERM LOAN
  
	  	________________________

  

			
		  	

  

							
	 	  		  		  	

 1 Full principal amount of Term Loans held by Lender to be inserted 

 ANNEX B 
 NON-EXTENDING LENDER CONSENT 
 Reference is made to
(i) the to the Amended and Restated Credit Agreement, dated as of March 14, 2007 (as amended as of January 4, 2008) (the “Credit Agreement”), among KNOLOGY, INC., a Delaware corporation (the
“Borrower”), the Lenders (as defined therein), the Issuers (as defined therein), CREDIT SUISSE, acting through one or more of its branches, as administrative agent for the Lenders and the Issuers (in such capacity, together with its
successors and assigns, the “Administrative Agent”) and as agent for the Secured Parties (as defined therein) under the Collateral Documents (as defined therein), Jefferies & Company, Inc., as syndication agent and Royal
Bank of Canada and CIT Lending Services Corporation, as co-documentation agents and (ii) the Amendment No. 2 to the Credit Agreement (the “Amendment”) to which this Non-Extending Lender Consent is attached. Unless
otherwise defined herein, capitalized terms used herein and defined in the Credit Agreement or the Amendment, as applicable, are used herein as therein defined. 
 Pursuant to Section 11.1(a) (Amendments, Waivers, Etc.) of the Credit Agreement, the undersigned Lender hereby consents to the Amendment and authorizes the Administrative
Agent to execute the Amendment on its behalf. 
 [The remainder of this page is intentionally left blank.] 

 As a Non-Extending Lender, the undersigned institution agrees to the terms of the Amendment
and the Restated Credit Agreement and authorizes the Administrative Agent to execute the Amendment on its behalf. 
  
  
  

					
	  Executing as a Non-Extending Lender:
		 	by  	 	
			
		 		 	 
		 		 	Name:
		 		 	Title:
	
	  For any Institution requiring a second signature line:
		 	by	 	
			
		 		 	 
		 		 	Name:
		 		 	Title:

  

 EXHIBIT A 
 RESTATED CREDIT AGREEMENT 

 EXECUTION VERSION 
 ANNEX A 
 $590,000,000 
 AMENDED AND RESTATED CREDIT AGREEMENT 
 Dated as of March 14, 2007 (as amended as of January 4, 2008 and as amended and restated as of September
 28, 2009) 
 among 
 KNOLOGY, INC.  
 as Borrower 
 and 
 THE LENDERS AND ISSUERS PARTY HERETO

 and 
 CREDIT SUISSE  
 as Administrative Agent
and Collateral Agent 
 and 
 JEFFERIES & COMPANY, INC. 
 SUNTRUST ROBINSON HUMPHRIES, INC. 
 as
Co-Syndication Agents 
 and 
 ROYAL BANK OF CANADA 
 CIT LENDING SERVICES CORPORATION  
 as Co-Documentation Agents

 and 
 CREDIT SUISSE SECURITIES (USA) LLC  
 as Sole Bookrunner and Sole Lead Arranger 
  
 WEIL, GOTSHAL & MANGES LLP 
 767 FIFTH AVENUE 
 NEW YORK, NEW
YORK 10153-0119 

 AMENDED AND
RESTATED CREDIT AGREEMENT, dated as of March 14, 2007, among KNOLOGY, INC., a Delaware corporation (the “Borrower”),
the Lenders (as defined below), the Issuers (as defined below), CREDIT SUISSE, acting through one or more of its branches, as administrative agent for the Lenders and the Issuers (in such capacity, together with its
successors and assigns, the “Administrative Agent”) and as agent for the Secured Parties (as defined below) under the Collateral Documents (as defined below) (in such capacity, the “Collateral Agent”), Jefferies &
Company, Inc. and SunTrust Robinson Humphries, Inc., as co-syndication agents (in such capacity, together with its successors and assigns, each a “Syndication Agent”) and Royal Bank of Canada and CIT Lending Services Corporation, as
co-documentation agents (in such capacity, together with its successors and assigns, each a “Co-Documentation Agent” and collectively, the “Co-Documentation Agents”), as amended by the First Amendment dated as of January 4,
2008 and as amended by the Second Amendment dated as of September 28, 2009. 
 W I T
N E S S E T H 
 WHEREAS, the Borrower, the lenders and issuers party thereto and Credit Suisse, Cayman Islands Branch, as administrative agent and collateral agent, are parties to the First Lien Credit
Agreement, dated as of June 29, 2005 (as amended, modified or supplemented prior to March 14, 2007, the “Existing First Lien Credit Agreement”); 
 WHEREAS, the Borrower intends to acquire (the “Acquisition”) all of the stock of PrairieWave Holdings, Inc., a Delaware corporation (the
“Target”), pursuant to an agreement and plan of merger (the “Merger Agreement”) entered into on January 8, 2007 among Knology Acquisition Sub, Inc., a newly formed wholly owned subsidiary of the Borrower
(“Merger Sub”), the Borrower and the Target, pursuant to which the Merger Sub will be merged with and into the Target, with the Target surviving as a wholly owned subsidiary of the Borrower with the equity holders of the Target
receiving an aggregate amount of $255,000,000 in cash (the “Merger Consideration”); 
 WHEREAS, the Borrower intends to finance the Merger Consideration with the proceeds of the term loans extended hereunder; (a) the Borrower will refinance (i) all existing obligations of the Borrower under the
Existing First Lien Credit Agreement and under the Second Lien Credit Agreement, dated June 29, 2005, among the Borrower, the lenders from time to time party thereto, Credit Suisse, Cayman Islands Branch, as administrative agent and collateral
agent (as amended and in effect on the date hereof, the (“Existing Second Lien Credit Agreement”) and, together with the Existing First Lien Credit Agreement, the (“Existing Credit Agreements”)) and (ii) all
existing indebtedness of the Target and its subsidiaries (the “Existing Target Debt”) including all amounts outstanding or owed, including principal, accrued and unpaid interest, fees and expenses pursuant to the Existing Target
Credit Agreements (as defined below), will be repaid in full (the refinancing of such Existing Target Debt and Existing Credit Agreements, collectively, the “Refinancing”), and (b) the Borrower will pay fees and expenses
incurred in connection with the foregoing transactions (collectively, the “Transactions”) in an aggregate amount not to exceed $30,500,000 (the “Transaction Costs”); 
 WHEREAS, the Lenders and the Issuers have agreed to extend the revolving credit facility under the Existing
First Lien Credit Agreement and to provide a new term loan facility, in each case upon the terms and subject to the conditions set forth herein; and 
 WHEREAS, (a) this Agreement, on the terms and subject to the conditions set forth herein, shall amend and restate the Existing First Lien Credit Agreement in its entirety as of the
Original Effective Date, (b) this Agreement shall not constitute a novation of the obligations and liabilities existing under the Existing First Lien Credit Agreement or evidence payment of all or any of such obligations and liabilities and
(c) from and after the Original Effective Date, the Existing First Lien Credit Agreement shall be of no further force or effect, except to evidence the Obligations (as defined therein) incurred, the representations and warranties made and the
actions or omissions performed or required to be performed thereunder prior to the Original Effective Date; 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 NOW, THEREFORE, in consideration of the
premises and the covenants and agreements contained herein, the parties hereto hereby agree as follows: 
 ARTICLE I

 DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS 
 Section 1.1         Defined Terms 
 As used in this Agreement, the following terms have the following meanings (such meanings to be equally applicable to both
the singular and plural forms of the terms defined): 
 “Account” has the meaning given to such
term in the UCC. 
 “Account Debtor” has the meaning given to such term in the UCC. 

“Acquisition” has the meaning specified in the recitals to this Agreement. 
 “Administrative Agent” has the meaning specified in the preamble to this Agreement. 
 “Affected Lender” has the meaning specified in Section 2.17 (Substitution of Lenders).

 “Affiliate” means, with respect to any Person, any other Person directly or indirectly
controlling or that is controlled by or is under common control with such Person, each officer, director, general partner or joint-venturer of such Person, and each Person that is the beneficial owner of 5% or more of any class of Voting Stock of
such Person. For the purposes of this definition, “control” means the possession of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by
contract or otherwise. 
 “Agent Affiliate” has the meaning specified in Section 10.3
(Posting of Approved Electronic Communications). 
 “Agents” means, collectively, the
Administrative Agent and the Collateral Agent. 
 “Agreement” means this Amended and Restated
Credit Agreement. 
 “Annual RP Amount” means, on any date of determination, the amount equal
to the aggregate amount of Excess Cash Flow for the immediately preceding Fiscal Year not used to prepay Loans pursuant to Section 2.9 (Mandatory Prepayments) and to the extent not previously applied pursuant to Section 8.5(c),
(d) or (e) (Restricted Payments) or Section 8.6(b)(vii)(A) (Prepayment and Cancellation of Indebtedness) in each case, as set forth in the corresponding RP Certificates; provided, however that if the
Financial Statements have not been delivered for the immediately preceding Fiscal Year pursuant to Section 6.1(c) (Financial Statements), such amount shall be zero (0). 
 “Annualized” means for purposes of calculating Cash Interest Expense, (a) with respect to any amount
of Cash Interest Expense attributable to one Fiscal Quarter, such amount multiplied by 4, (b) with respect to any amount of Cash Interest Expense attributable to two Fiscal Quarters, such amount multiplied by 2, and (c) with
respect to any amount of Cash Interest Expense attributable to three Fiscal Quarters, such amount divided by 0.75. 
 “Applicable Lending Office” means, with respect to each Lender, its Domestic Lending Office in the case of a Base Rate Loan and its Eurodollar Lending Office in the case of a Eurodollar Rate Loan. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Applicable Margin” means
(a) with respect to the Initial Term Loans maintained (i) as Base Rate Loans, a rate equal to 1.25% per annum and (ii) as Eurodollar Rate Loans, a rate equal to 2.25% per annum and (b) with respect to
Revolving Loans and Swing Loans (i) during the period commencing on the Original Effective Date and ending one Business Day after the receipt by the Administrative Agent of the Financial Statements for the Fiscal Quarter ending
September 30, 2007, maintained as (A) Base Rate Loans, a rate equal to 1.25% per annum and (B) as Eurodollar Rate Loans, a rate equal to 2.25% per annum and (ii) thereafter, a per annum rate equal to the rate set forth
below opposite the applicable type of Loan and the applicable Leverage Ratio (determined on the last day of the most recent Fiscal Quarter for which Financial Statements have been delivered pursuant to Section 6.1 (b) or
(c) (Financial Statements)). Notwithstanding the foregoing, the Leverage Ratio for purposes of the Applicable Margin shall be deemed to be in Level I at any time that an Event of Default shall have occurred and is continuing. 
  

							
	  	  	LEVERAGE RATIO	  	BASE
RATE
LOANs	 	EURODOLL
AR RATE
LOANS
	 Level I
	  	 Greater than or equal
 to 4.5 to 1
	  	1.25%	 	2.25%
	 Level II
	  	Less than 4.5 to 1	  	1.00%	 	2.00%

 Changes in the Applicable Margin resulting from a
change in the Leverage Ratio on the last day of any subsequent Fiscal Quarter shall become effective as to all Revolving Loans and Swing Loans one Business Day following delivery by the Borrower to the Administrative Agent of new Financial
Statements pursuant to Section 6.1(b) or (c) (Financial Statements), as applicable. Notwithstanding anything to the contrary set forth in this Agreement (including the then effective Leverage Ratio), if the Borrower shall fail to
deliver such Financial Statements within any of the time periods specified in Section 6.1(b) or (c) (Financial Statements), the Applicable Margin from and including the 51st day after the end of such Fiscal Quarter or the 91st day after the end of such Fiscal Year, as the case may be, to but not including the date the Borrower
delivers to the Administrative Agent such Financial Statements shall equal the highest possible Applicable Margin for such Loans provided for by this definition. 
 In the event that any Financial Statement or Compliance Certificate delivered pursuant to Section 6.1 (Financial Statements) is inaccurate (regardless of whether this
Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period (an “Applicable Period”) than the
Applicable Margin applied for such Applicable Period, then (i) the Borrower shall immediately deliver to the Administrative Agent a corrected Financial Statement and a corrected Compliance Certificate for such Applicable Period, (ii) the
Applicable Margin shall be determined based on the corrected Compliance Certificate for such Applicable Period, and (iii) the Borrower shall immediately pay to the Administrative Agent the accrued additional interest owing as a result of such
increased Applicable Margin for such Applicable Period, which payment shall be promptly applied by the Administrative Agent in accordance with Section 2.13(g) (Payments and Computations). This paragraph shall not limit the rights of the
Administrative Agent or the Lenders with respect to Section 2.10(c) (Default Interest) and Article IX (Events of Default). 
 “Applicable Prepayment Premium” means, with respect to any Extended Term Loans, an amount determined by multiplying the outstanding principal amount of such Extended Term Loans by
(a) if such time is on or prior to the first anniversary of the Second Amendment Effective Date, 1.00% and (b) thereafter, zero. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Applicable Unused Commitment Fee Rate” means a rate
equal to 0.50% per annum; provided, however, that, such rate shall be reduced to 0.375% for each day that the aggregate outstanding principal amount of the Revolving Loans exceeds $17,500,000. 
 “Approved Deposit Account” means a Deposit Account that is the subject of an effective Deposit Account
Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or
evidencing such Deposit Account. 
 “Approved Electronic Communications” means each notice,
demand, communication, information, document and other material that any Loan Party is obligated to, or otherwise chooses to, provide to the Administrative Agent pursuant to any Loan Document or the transactions contemplated therein, including
(a) any supplement to the Guaranty, any joinder to the Pledge and Security Agreement and any other written Contractual Obligation delivered or required to be delivered in respect of any Loan Document or the transactions contemplated therein and
(b) any Financial Statement, financial and other report, notice, request, certificate and other information material; provided, however, that, “Approved Electronic Communication” shall exclude (i) any Notice
of Borrowing, Letter of Credit Request, Swing Loan Request, Notice of Conversion or Continuation, Term Facility Increase Notice and any other notice, demand, communication, information, document and other material relating to a request for a new, or
a conversion of an existing, Borrowing, (ii) any notice pursuant to Section 2.8 (Optional Prepayments) and Section 2.9 (Mandatory Prepayments) and any other notice relating to the payment of any principal or other amount
due under any Loan Document prior to the scheduled date therefor, (iii) all notices of any Default or Event of Default and (iv) any notice, demand, communication, information, document and other material required to be delivered to satisfy
any of the conditions set forth in Article III (Conditions To Loans And Letters Of Credit) or Section 2.4(a) (Letters of Credit) or any other condition to any Borrowing or other extension of credit hereunder or any condition
precedent to the effectiveness of this Agreement. 
 “Approved Electronic Platform” has the
meaning specified in Section 10.3 (Posting of Approved Electronic Communications). 
 “Approved Fund” means any Fund that is advised or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or Affiliate of an entity that advises, administers or manages a Lender or another
Fund. 
 “Approved Securities Intermediary” means a “securities intermediary”
or “commodity intermediary” (as such terms are defined in the UCC) selected or approved by the Administrative Agent. 
 “Arranger” means Credit Suisse Securities (USA) LLC. 
 “Asset Sale” has the meaning specified in Section 8.4 (Sale of Assets). 
 “Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the Administrative Agent, in substantially the form of Exhibit A (Form of Assignment
and Acceptance). 
 “Available Credit” means, at any time, (a) the then effective
Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time. 
 “Bankruptcy Code” means title 11, United States Code. 
 “Base Rate” means, for any period, a rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds
Effective Rate in effect on such day plus  1/2 of 1%. For purposes hereof: “Prime Rate” shall mean the rate of interest determined from time to time by the Administrative Agent as being its reference rate 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
then in effect for determining interest rates on Dollar denominated commercial loans made by it in the U.S. The Prime Rate is a reference rate and does not necessarily represent the lowest or
best rate actually available. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the effective day of such change in the Prime Rate, or the Federal
Funds Effective Rate, respectively. 
 “Base Rate Loan” means any Swing Loan or any other Loan
during any period in which it bears interest based on the Base Rate. 
 “Borrower” has the
meaning specified in the preamble to this Agreement. 
 “Borrower’s Accountants” means
Deloitte & Touche LLP or other independent nationally-recognized public accountants acceptable to the Administrative Agent. 
 “Borrowing” means a Revolving Credit Borrowing, a Term Loan Borrowing or a borrowing of Swing Loans. 
 “Broadband Services” means all broadband communication services, including Broadband Carrier Services, cable television, telephone, other telecommunications and
high-speed internet access service, provided by any Person to residential, business or other customers. 
 “Broadband Carrier Services” means, collectively, the provision of certain wholesale telecommunication transport services over the broadband hybrid-fiber coax network (“Broadband Network”), primarily to
Interexchange Carriers (“IXC”), Internet Service Providers (“ISP”) and large multi-location commercial enterprises desiring high capacity connectivity within a Metropolitan Service Area (“MSA”).
These services are termed (a) Internal Local Transport (“ILT”) by which ISP’s are connected from their point-of-presence (“POP”) to end-users at wholesale transport revenue rates per customer (as
distinguished from the provision of high-speed Internet access at retail revenue rates using the Olobahn brand name), (b) Local Exchange Transport (“LET”) by which IXCs are connected to end-users, Local Exchange Carriers
(“LEC”) or other IXCs via the Broadband Network and/or twisted pair cabling, (c) Private Line Services by which carriers or commercial businesses operating in multiple locations within the MSA are interconnected via
point-to-point facilities owned or leased by any Person and (d) Special Access Services by which corporate locations or central offices are directly connected to an IXS point-of-presence. 
 “Business Day” means a day of the year on which banks are not required or authorized to close in New York
City and, if the applicable Business Day relates to notices, determinations, fundings and payments in connection with the Eurodollar Rate or any Eurodollar Rate Loans, a day on which dealings in Dollar deposits are also carried on in the London
interbank market. 
 “Cable Act” means the Cable Television Communications Policy Act of 1984,
as amended by the Consumer Protection and Competition Act of 1992, and the Telecommunications Act of 1996, and as further amended or supplemented from time to time. 
 “Capital Expenditures” means, with respect to the Borrower and its Subsidiaries, for any period, the aggregate of amounts that would be reflected as additions to
property, plant or equipment on a Consolidated balance sheet of such Person and its Subsidiaries (in accordance with GAAP) but excluding (a) interest capitalized during construction (b) expenditures on such property, plant or equipment
funded with Net Cash Proceeds from any Asset Sale, Equity Issuance or Property Loss Event or funded from Excess Cash Flow, (c) expenditures in connection with Permitted MDU Transactions and Permitted CIU Transactions, in each case, to the
extent treated as Capital Lease Obligations in accordance with GAAP (except, in the case of expenditures under this clause (c), expenditures funded from available cash of the Borrower or its Subsidiaries) and (d) such property, plant and
equipment acquired as part of a Permitted Acquisition. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 Knology, Inc. 
  

 “Capital Lease” means, with respect to any Person, any
lease of, or other arrangement conveying the right to use, property by such Person as lessee that would be accounted for as a capital lease on a balance sheet of such Person prepared in conformity with GAAP. 
 “Capital Lease Obligations” means, with respect to any Person, the capitalized amount of all Consolidated
obligations of such Person or any of its Subsidiaries under Capital Leases. 
 “Cash Collateral
Account” means any Deposit Account or Securities Account that is established (a) by the Administrative Agent or Collateral Agent from time to time in its sole discretion to receive cash and Cash Equivalents (or purchase cash or Cash
Equivalents with funds received) from the Loan Parties or Persons acting on their behalf pursuant to the Loan Documents, (b) with such depositaries and securities intermediaries as the Administrative Agent may determine in its sole discretion,
(c) in the name of the Administrative Agent or Collateral Agent (although such account may also have words referring to the Borrower and the account’s purpose), (d) under the control of the Administrative Agent or Collateral Agent and
(e) as a Securities Account, with respect to which the Administrative Agent or Collateral Agent shall be the Entitlement Holder and the only Person authorized to give Entitlement Orders with respect thereto. 
 “Cash Equivalents” means (a) marketable direct obligations issued by, or unconditionally guaranteed
by, the United States of America or issued by any agency thereof and backed by the full faith and credit of the United States of America or any agency, state or territory thereof, in each case maturing within one year from the date of acquisition;
(b) certificates of deposit, time deposits or overnight bank deposits having maturities of 364 days or less from the date of acquisition issued by any Lender or by any commercial bank or trust company organized under the laws of the United
States of America or any state thereof and having combined capital and surplus of not less than $500,000,000; (c) commercial paper, bonds, notes or debentures of an issuer rated at least “A-2” by S&P or “P-2” by
Moody’s or carrying an equivalent rating by a nationally recognized rating agency, if all of the three named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within 364 days from the date of
acquisition; (d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days with respect to securities issued or fully
guaranteed or insured by the United States of America; (e) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, by any
political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case
may be) are rated at least “A” by S&P, or “A” by Moody’s; (f) securities with maturities of 364 days or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial
bank satisfying the requirements of clause (b) of this definition; and (g) shares of money market mutual or similar funds which invest exclusively in assets satisfying the requirements of any of clauses (a) through
(f) of this definition. 
 “Cash Interest Expense” means, with respect to the
Borrower for any period, the sum of the Interest Expense of the Borrower for such period less the Non-Cash Interest Expense of the Borrower for such period; provided, however, that for any date of determination prior to the
first anniversary of the Original Effective Date, “Cash Interest Expense” for the applicable period shall be Annualized. 
 “CATV Franchise” means (a) any franchise, license, permit, wire agreement or easement granted by any local Governmental Authority, including any local franchising authority, pursuant
to which any Person has the right or license to provide Broadband Services or to operate any cable distribution system for the purpose of receiving and distributing audio, video, digital, other broadcast signals or information or telecommunications
by cable, optical, antenna, microwave or satellite transmission and (b) any law, regulation, ordinance, agreement or other instrument or document expressly setting forth all or any part of the terms of any franchise, license, permit, wire
agreement or easement described in clause (a) of this definition (excluding any law, regulation, ordinance, agreement, instrument or document which relates to but does not expressly set forth any terms of any such franchise, license,
permit, wire agreement or easement). 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Change of Control” means the occurrence of any of the
following: 
 (a) any person or group of persons (within the meaning of the Exchange Act) shall
have acquired beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Exchange Act) of 50% or more of the issued and outstanding Voting Stock of Borrower; or 
 (b) during any period of twelve consecutive calendar months, individuals who, at the beginning of such
period, constituted the board of directors of Borrower (together with any new directors whose election by the board of directors of Borrower or whose nomination for election by the stockholders of Borrower was approved by a vote of at least
two-thirds of the directors then still in office who either were directors at the beginning of such period or whose elections or nomination for election was previously so approved) cease for any reason other than death or disability to constitute a
majority of the directors then in office. 
 “Code” means the U.S. Internal Revenue Code of
1986, as currently amended. 
 “Collateral” means all property and interests in property and
proceeds thereof now owned or hereafter acquired by any Loan Party in or upon which a Lien is granted under any Collateral Document. 
 “Collateral Agent” has the meaning specified in the preamble to the Agreement. 
 “Collateral Documents” means the Pledge and Security Agreement, the Mortgages, the Deposit Account Control Agreements, the Securities Account Control Agreements and any other document
executed and delivered by a Loan Party granting a Lien on any of its property to secure payment of the Secured Obligations. 
 “Commitment” means, with respect to any Lender, such Lender’s Revolving Credit Commitment, if any, and such Lender’s New Incremental Term Loan Commitment, if any, and
“Commitments” means the aggregate Revolving Credit Commitments and the New Incremental Term Loan Commitments of all Lenders. 
 “Commodity Account” has the meaning given to such term in the UCC. 
 “Communications License” means any local telecommunications, long distance telecommunications, or other license, permit, consent, certificate of compliance, franchise, approval, waiver or
authorization granted or issued by the FCC or other applicable federal Governmental Authority pertaining to the provision of Broadband Services, including any of the foregoing authorizing or permitting the acquisition, construction or operation of
any Interactive Broadband Network. 
 “Compliance Certificate” has the meaning specified in
Section 6.1(d) (Financial Statements). 
 “Confidential Information Memorandum”
means the Confidential Information Memorandum, dated as of February 15, 2007 prepared by the Borrower in connection with the syndication of the Facilities. 
 “Consolidated” means, with respect to any Person, the consolidation of accounts of such Person and its Subsidiaries in accordance with GAAP. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Consolidated Current Assets” means, with respect to
any Person at any date, the total Consolidated current assets (other than cash and Cash Equivalents) of such Person and its Subsidiaries at such date. 
 “Consolidated Current Liabilities” means, with respect to any Person at any date, all liabilities of such Person and its Subsidiaries at such date that should be classified as current
liabilities on a Consolidated balance sheet of such Person and its Subsidiaries, but excluding, in the case of the Borrower the sum of (a) the principal amount of any current portion of long-term Financial Covenant Debt and (b) (without
duplication of clause (a) above) the then outstanding principal amount of the Loans. 
 “Consolidated Net Income” means, for any Person, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period; provided, however, that (a) the net income of any other Person
in which such Person or one of its Subsidiaries has a joint interest with a third party (which interest does not cause the net income of such other Person to be Consolidated into the net income of such Person) shall be included only to the extent of
the amount of dividends or distributions paid to such Person or Subsidiary, (b) the net income of any Subsidiary of such Person that is subject to any restriction or limitation on the payment of dividends or the making of other distributions
shall be excluded to the extent of such restriction or limitation, (c) extraordinary and non-recurring gains and losses and any one-time increase or decrease to net income that is required to be recorded because of the adoption of new
accounting policies, practices or standards required by GAAP shall be excluded and (d) net income (or net loss) from or attributable to discontinued operations of such Person and its Subsidiaries shall be excluded. 
 “Constituent Documents” means, with respect to any Person, (a) the articles of incorporation,
certificate of incorporation, constitution or certificate of formation (or the equivalent organizational documents) of such Person, (b) the by-laws, operating agreement (or the equivalent governing documents) of such Person and (c) any
document setting forth the manner of election or duties of the directors or managing members of such Person (if any) and the designation, amount or relative rights, limitations and preferences of any class or series of such Person’s Stock.

 “Contaminant” means any material, substance or waste that is classified, regulated or
otherwise characterized under any Environmental Law as hazardous, toxic, a contaminant or a pollutant or by other words of similar meaning or regulatory effect, including any petroleum or petroleum-derived substance or waste, asbestos and
polychlorinated biphenyls. 
 “Contractual Obligation” of any Person means any obligation,
agreement, undertaking or similar provision of any Security issued by such Person or of any agreement, undertaking, contract, lease, indenture, mortgage, deed of trust or other instrument (excluding a Loan Document) to which such Person is a party
or by which it or any of its property is bound or to which any of its property is subject. 
 “Control
Account” means a Securities Account or Commodity Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control
Account” includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein. 
 “Corporate Chart” means a corporate organizational chart, list or other similar document in each case in
form reasonably acceptable to the Administrative Agent and setting forth, for each Person that is a Loan Party, that is subject to Section 7.11 (Additional Collateral and Guaranties) or that is a Subsidiary of any of them, (a) the
full legal name of such Person (and any trade name, fictitious name or other name such Person may have had or operated under), (b) the jurisdiction of organization, the organizational number (if any) and the tax identification number (if any)
of such Person, (c) the location of such Person’s chief executive office (or sole place of business) and (d) the number of shares of each class of such Person’s Stock authorized (if applicable), the number outstanding as of the
date of delivery and the number and percentage of such outstanding shares for each such class owned (directly or indirectly) by any Loan Party or any Subsidiary of any of them. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Credit Suisse” means Credit Suisse, acting through one
or more of its branches and any Affiliate thereof. 
 “Cumulative RP Amount” means, on any date
of determination, the sum of the amount equal to the aggregate amount of Excess Cash Flow for (a) the Fiscal Year ended December 31, 2009 and (b) each Fiscal Year thereafter for which Financial Statements have been delivered
for the immediately preceding Fiscal Year pursuant to Section 6.1(c) (Financial Statements), in each case not required to prepay the Loans pursuant to Section 2.9 (Mandatory Prepayments) (without regard to clause
(e) thereunder) and to the extent not previously applied pursuant to Section 8.5(e) (Restricted Payments) minus the aggregate amount of Annual RP Amounts utilized to make Restricted Payments pursuant
Section 8.5(c) or (d) (Restricted Payments) or prepay indebtedness pursuant to Section 8.6(b)(vii)(A) (Prepayment and Cancellation of Indebtedness), in each case as set forth in the corresponding RP Certificate.

 “Customary Permitted Liens” means, with respect to any Person, any of the following Liens:

 (a)         Liens with respect to the payment of
taxes, assessments or governmental charges in each case that are not yet due or that are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained to the
extent required by GAAP; 
 (b)         Liens of
landlords arising by statute and liens of suppliers, mechanics, carriers, materialmen, warehousemen or workmen and other similar Liens, in each case (i) imposed by law or arising in the ordinary course of business, (ii) for amounts not yet
due or that are being contested in good faith by appropriate proceedings and (iii) with respect to which adequate reserves or other appropriate provisions are being maintained to the extent required by GAAP; 
 (c)         deposits made in the ordinary course of business in
connection with workers’ compensation, unemployment insurance or other types of social security benefits or to secure the performance of bids, tenders, sales, contracts (other than for the repayment of borrowed money) and surety, appeal,
customs or performance bonds-entered into in the ordinary course of business; 
 (d)         encumbrances arising by reason of zoning restrictions, easements, licenses, reservations, covenants, rights-of-way, utility easements, building restrictions and other similar encumbrances
on the use of real property not materially detracting from the value of such real property or not materially interfering with the ordinary conduct of the business conducted and proposed to be conducted at such real property; 
 (e)         encumbrances arising under leases or subleases of real
property that do not, in the aggregate, materially detract from the value of such real property or interfere with the ordinary conduct of the business conducted and proposed to be conducted at such real property; 
 (f)         financing statements with respect to a lessor’s
rights in and to personal property leased to such Person in the ordinary course of such Person’s business other than through a Capital Lease; 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (g)        
Liens created in the ordinary course of business on assets subject to rights-of-way, pole attachment, use of conduit, use of trenches or similar agreements securing any Loan Party’s obligations under such agreements; provided,
however, that such Liens apply only to the assets subject to any of the foregoing agreements; 
 (h)         judgment Liens in existence for less than 45 days after the entry thereof or with respect to which execution has been stayed or the payment of which is covered in full (subject to a
customary deductible) by insurance maintained with nationally recognized insurance companies and which do not otherwise result in a Default or Event of Default; and 
 (i)         Liens consisting of rights of set-off of a customary
nature or bankers’ liens on an amount of deposit, whether arising by contract or operation of law, incurred in the ordinary course of business so long as such deposits are not intended as collateral for any obligation. 
 “Debt Issuance” means the incurrence of Indebtedness by the Borrower or any of its Subsidiaries of the type
specified in clause (a) or (b) of the definition of “Indebtedness”. 
 “Declining Lender” has the meaning specified in Section 2.9(e) (Mandatory Prepayments). 
 “Default” means any event that, with the passing of time or the giving of notice or both, would become an Event of Default. 
 “Deposit Account” has the meaning given to such term in the UCC. 
 “Deposit Account Bank” means a financial institution selected or approved by the Administrative Agent.

 “Deposit Account Control Agreement” has the meaning specified in the Pledge and Security
Agreement. 
 “Disclosure Documents” means, collectively, the Form 10-K, Form 10-Q and Form 8-K
filed by the Borrower with the Securities and Exchange Commission, as amended from time to time. 
 “Dollar Equivalent” of any amount means, at the time of determination thereof, (a) if such amount is expressed in Dollars, such amount, (b) if such amount is expressed in a currency other than Dollars, the
equivalent of such amount in Dollars determined by using the rate of exchange quoted by Credit Suisse in New York, New York at 10:00 a.m. (New York time) on the date of determination (or, if such date is not a Business Day, the last Business Day
prior thereto) to prime banks in New York for the spot purchase in the New York foreign exchange market of such amount of Dollars with such other currency and (c) if such amount is denominated in any currency not quoted by Credit Suisse in New
York, the equivalent of such amount in Dollars as determined by the Administrative Agent using any method of determination it deems appropriate. 
 “Dollars” and the sign “$” each mean the lawful money of the United States of America. 
 “Domestic Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Domestic Lending Office” opposite its name
on Schedule II (Applicable Lending Offices and Addresses for Notices) or on the Assignment and Acceptance by which it became a Lender or such other office of such Lender as such Lender may from time to time specify to the Borrower and
the Administrative Agent. 
 “Domestic Person” means any “United States
person” under and as defined in Section 770 l(a)(30) of the Code. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Domestic Subsidiary” means any Subsidiary of the
Borrower organized under the laws of any state of the United States of America or the District of Columbia. 
 “EBITDA” means, with respect to any Person for any period, (a) Consolidated Net Income of such Person for such period plus (b) the sum of, in each case to the extent included in the calculation of such
Consolidated Net Income but without duplication, (i) any provision for income taxes, (ii) Interest Expense, (iii) loss from extraordinary items, litigation expenses, cash charges resulting from hurricanes, floods, tornadoes,
earthquakes or other natural disasters, (iv) depreciation, depletion and amortization expenses, (v) all other non-cash charges and non-cash losses for such period, including the amount of any compensation deduction as the result of any
grant of Stock or Stock Equivalents to employees, officers, directors or consultants; provided, that to the extent any amount of non-cash charges for any period are subsequently paid in cash, EBITDA shall be reduced by such cash payment for
that period, (vi) all cash expenses incurred in connection with (A) the Transactions or any Permitted Acquisition (B) any capital markets transaction (including any merger or acquisition transaction) for the issuance of any debt,
equity or convertible security, whether or not such transaction is completed and (C) any Asset Sale whether or not such Asset Sale is completed; provided, that, with respect to transactions specified in clauses (B) and
(C) above that are not completed, the aggregate amount of such cash expenses shall not exceed $500,000 during any Fiscal Year, (vii) fees and costs associated with the early extinguishment of Indebtedness and (viii) non-cash
losses from Asset Sales minus (c) the sum of, in each case to the extent included in the calculation of such Consolidated Net Income but without duplication, (i) any credit for income taxes, (ii) interest income,
(iii) gains from extraordinary items for such period, (iv) any aggregate net gain from the sale, exchange or other disposition of capital assets by such Person and (v) any other non-cash gains or other items which have been added in
determining Consolidated Net Income, including any reversal of a change referred to in clause (b)(v) above by reason of a decrease in the value of any Stock or Stock Equivalent. For purposes of this Agreement, “EBITDA” of the
Borrower for the Fiscal Quarter ended December 31, 2006 shall be deemed $26,700,000. 
 “Eligible
Assignee” means (a) a Lender or an Affiliate of any Lender or Approved Fund, (b) a commercial bank having total assets whose Dollar Equivalent exceeds $5,000,000,000, (c) a finance company, insurance company or any other
financial institution or Fund, in each case reasonably acceptable to the Administrative Agent and regularly engaged in making, purchasing or investing in loans or (d) a savings and loan association or savings bank organized under the laws of
the United States or any state thereof having a net worth, determined in accordance with GAAP, whose Dollar Equivalent exceeds $250,000,000. 
 “Entitlement Holder” has the meaning given to such term in the UCC. 
 “Entitlement Order” has the meaning given to such term in the UCC. 
 “Environmental Laws” means all applicable Requirements of Law now or hereafter in effect and as amended or supplemented from time to time, relating to pollution or the regulation and
protection of human or animal health, safety, the environment or natural resources, including the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C. § 9601 et seq.); the Hazardous
Material Transportation Act, as amended (49 U.S.C. § 5101 et seq.); the Federal Insecticide, Fungicide, and Rodenticide Act, as amended (7 U.S.C. § 136 et seq.); the Resource Conservation and Recovery Act, as amended (42
U.S.C. § 6901 et seq.); the Toxic Substance Control Act, as amended (15 U.S.C. § 2601 et seq.); the Clean Air Act, as amended (42 U.S.C. § 7401 et seq.); the Federal Water Pollution Control Act, as amended (33
U.S.C. § 1251 et seq.); the Occupational Safety and Health Act, as amended (29 U.S.C. § 651 et seq.); the Safe Drinking Water Act, as amended (42 U.S.C. § 300f et seq.); and each of their state and local
counterparts or equivalents and any transfer of ownership notification or approval statute, including the Industrial Site Recovery Act (N.J. Stat. Ann. § 13:1K-6 et seq.). 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Environmental Liabilities and Costs” means, with
respect to any Person, all liabilities, obligations, responsibilities, Remedial Actions, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all fees, disbursements and expenses of counsel, experts
and consultants and costs of investigation and feasibility studies), fines, penalties, sanctions and interest incurred as a result of any claim or demand by any other Person, whether based in contract, tort, implied or express warranty, strict
liability, criminal or civil statute and whether arising under any Environmental Law, Permit, order or agreement with any Governmental Authority or other Person, in each case relating to any environmental, health or safety condition or to any
Release or threatened Release and resulting from the past, present or future operations of, or ownership of property by, such Person or any of its Subsidiaries. 
 “Environmental Lien” means any Lien in favor of any Governmental Authority for Environmental Liabilities and Costs. 
 “Equipment” has the meaning given to such term in the UCC. 
 “Equity Issuance” means the issue or sale of any Stock of the Borrower or any Subsidiary of the Borrower by
the Borrower or any Subsidiary of the Borrower to any Person other than the Borrower or any Subsidiary of the Borrower. 
 “ERISA” means the United States Employee Retirement Income Security Act of 1974. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common control or treated as a single employer with the Borrower or any of its Subsidiaries within the
meaning of Section 414(b), (c), (m) or (o) of the Code. 
 “ERISA Event” means
(a) a reportable event described in Section 4043(b) or 4043(c)(1), (2), (3), (5), (6), (8) or (9) of ERISA with respect to a Title IV Plan or a Multiemployer Plan, (b) the withdrawal of the Borrower, any of its Subsidiaries
or any ERISA Affiliate from a Title IV Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA, (c) the complete or partial withdrawal of the Borrower,
any of its Subsidiaries or any ERISA Affiliate from any Multiemployer Plan, (d) notice of reorganization or insolvency of a Multiemployer Plan, (e) the filing of a notice of intent to terminate a Title IV Plan or the treatment of a plan
amendment as a termination under Section 4041 of ERISA, (f) the institution of proceedings to terminate a Title IV Plan or Multiemployer Plan by the PBGC, (g) the failure to make any required contribution to a Title IV Plan or
Multiemployer Plan, (h) the imposition of a lien under Section 412 of the Code or Section 302 of ERISA on the Borrower or any of its Subsidiaries or any ERISA Affiliate or (i) any other event or condition that might reasonably be
expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Title IV Plan or Multiemployer Plan or the imposition of any liability under Title IV of ERISA, other than for
PBGC premiums due but not delinquent under Section 4007 of ERISA. 
 “Eurocurrency Reserve
Requirements” means, for any period, the aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including, without limitation, basic, supplemental, marginal and
emergency reserves) under any regulations of the Federal Reserve Board or other Governmental Authority having jurisdiction with respect thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as
“Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of the Federal Reserve System. 
 “Eurodollar Base Rate” means, with respect to each day during each Interest Period, the rate per annum determined on the basis of the rate for deposits in Dollars for a period
equal to such Interest Period commencing on the first day of such Interest Period by reference to the British Bankers’ Association Interest Settlement Rates for deposits in Dollars (as set forth by the Bloomberg Information Service or any
successor thereto or any other service selected by the Administrative Agent which has been nominated by

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
the British Bankers’ Association as an authorized information vendor for the purpose of displaying such rates) as of 11:00 A.M., London time, two Business Days prior to the beginning of such
Interest Period. In the event that such rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Eurodollar Base Rate” for purposes of this definition shall be determined by reference to such other
comparable publicly available service for displaying Eurodollar rates as may be selected by the Administrative Agent. 
 “Eurodollar Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Eurodollar Lending Office” opposite its name on Schedule II (Applicable Lending Offices and
Addresses for Notices) or on the Assignment and Acceptance by which it became a Lender (or, if no such office is specified, its Domestic Lending Office) or such other office of such Lender as such Lender may from time to time specify to the
Borrower and the Administrative Agent. 
 “Eurodollar Rate” means, with respect to any Interest
Period for any Eurodollar Rate Loan, an interest rate per annum determined for such day in accordance with the following formula: 
             Eurodollar Base Rate             
 1.00 - Eurocurrency Reserve Requirements 
 “Eurodollar Rate Loan” means any Loan that, for an Interest Period, bears interest based on the Eurodollar Rate. 
 “Event of Default” has the meaning specified in Section 9.1 (Events of Default). 
 “Excess Cash Flow” means, for the Borrower for any period, without duplication (a) EBITDA of the Borrower for such period plus (b) the sum of
(i) the excess, if any, of the Working Capital of the Borrower at the beginning of such period over the Working Capital of the Borrower at the end of such period and (ii) cash income and gains described in clause (d) of the
definition of “Consolidated Net Income” minus (d) the sum of (without duplication) (i) Cash Interest Expense (including fees and costs associated with the early extinguishment of Indebtedness and amounts under Capital
Lease Obligations allocable as an interest component), (ii) scheduled cash principal payments on the Loans during such period and optional cash principal payments on the Loans during such period (but only, in the case of any payment in respect
of Revolving Loans, to the extent that the Revolving Credit Commitments are permanently reduced by the amount of such payments), (iii) scheduled cash principal payments made by the Borrower or any of its Subsidiaries during such period on other
Indebtedness to the extent such other Indebtedness and payments are permitted by this Agreement, (iv) scheduled payments made by the Borrower or any of its Subsidiaries on Capital Lease Obligations to the extent such Capital Lease Obligations
and payments are permitted by this Agreement, (v) Capital Expenditures made by the Borrower or any of its Subsidiaries during such period to the extent permitted by this Agreement, (vi) the excess, if any, of the Working Capital of the
Borrower at the end of such period over the Working Capital of the Borrower at the beginning of such period, (vii) cash income taxes paid during such period, (viii) cash payments (other than from proceeds of Equity Issuances) with respect
to Investments made during such period and permitted under Section 8.3 (Investments) (other than investments pursuant to clause (b) thereof) and (ix) cash losses or charges described in clause (d) of the
definition of “Consolidated Net Income” and clauses (b)(vi) and (b)(vii) of the definition of “EBITDA” to the extent paid in cash. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Excluded Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary in respect of which either (a) the pledge of all of the Stock of such Subsidiary as Collateral to
secure payment of the Obligations of the Borrower, (b) the grant of a Lien on any of its property as Collateral to secure payment of the Obligations of the Borrower or (c) the guaranteeing by such Subsidiary of the Obligations of the
Borrower, would, in the good faith judgment of the Borrower based on an analysis reasonably satisfactory to the Administrative Agent, result in materially adverse tax consequences to the Loan Parties and their Subsidiaries, taken as a whole.

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Existing Credit Agreements” means each of (i) the
Existing First Lien Credit Agreement and (ii) the Existing Second Lien Credit Agreement. 
 “Existing First Lien Credit Agreement” has the meaning specified in the recitals to this Agreement. 
 “Existing First Lien Loan Document” has the meaning specified in Section 11.4(d) (Indemnities) of this Agreement. 
 “Existing Indebtedness” means all amounts outstanding or owed, including principal, accrued and unpaid
interest, fees and expenses (including any breakage costs), under or in connection with the Existing Credit Agreements. 
 “Existing Second Lien Credit Agreement” has the meaning specified in the recitals to this Agreement. 
 “Existing Target Debt” has the meaning specified in the recitals to this Agreement. 
 “Existing Target Credit Agreements” means (a) the Credit Agreement, dated as of June 30, 2005, by and among PrairieWave Communications, Inc., the Target,
the lenders party thereto, the letter of credit issuers party thereto, General Electric Capital Corporation, as administrative agent, CIT Lending Services Corporation, as syndication agent, and Rabobank and CoBank, ACB, as co-documentation agents
and (b) the Credit Agreement, dated as of June 30, 2005, by and among PrairieWave Communications, Inc., the Target and Merrill Lynch PCG, Inc. 
 “Existing Term Loan” means each of the Initial Term Loans and the Incremental Term Loans (it being understood that from and after the Second Amendment Effective Date, the Existing Term
Loans shall not include any Extended Term Loans). 
 “Existing Term Loan Borrowing” means the
deemed borrowing pursuant to the Second Amendment consisting of Existing Term Loans made by the Existing Term Loan Lenders in the amount set forth on Schedule I (Commitments) under the caption “Existing Term Loans”.

 “Existing Term Loan Facility” means the Existing Term Loans and the provisions herein
related to the Existing Term Loans. 
 “Existing Term Loan Lender” means each Initial Term Loan
Lender and each Incremental Term Loan Lender. 
 “Extended Term Loan” has the meaning specified
in Section 2.1(b)(iii) (The Commitments). 
 “Extended Term Loan Applicable Margin”
means with respect to the Extended Term Loans outstanding on the Second Amendment Effective Date and maintained (i) as Base Rate Loans, a rate equal to 2.50% per annum and (ii) as Eurodollar Rate Loans, a rate equal to
3.50% per annum. 
 “Extended Term Loan Cap” means, with respect to any voluntary
prepayment or mandatory prepayment, as applicable, (a) the amount of such prepayment multiplied by (b) the percentage obtained by dividing (i) the aggregate amount of Extended Term Loans outstanding by (ii) the
aggregate amount of Term Loans outstanding, in each case, immediately prior to such voluntary prepayment or mandatory prepayment. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Extended Term Loan Borrowing” means the deemed
borrowing pursuant to the Second Amendment consisting of Extended Term Loans made by the Extended Term Loan Lenders in the amount set forth in Schedule I (Commitments) under the caption “Extended Term Loans”. 

“Extended Term Loan Facility” means the Extended Term Loans and the provisions herein related to the
Extended Term Loans. 
 “Extended Term Loan Lender” means each Lender that holds an Extended
Term Loan. 
 “Extended Term Loan Maturity Date” means June 30, 2014. 
 “Facilities” means (a) each Term Loan Facility and (b) the Revolving Credit Facility. 

“Fair Market Value” means (a) with respect to any asset or group of assets (other than a marketable
Security) at any date, the value of the consideration obtainable in a sale of such asset at such date assuming a sale by a willing seller to a willing purchaser dealing at arm’s length and arranged in an orderly manner over a reasonable period
of time having regard to the nature and characteristics of such asset, as reasonably determined by the board of directors of the Borrower or, if such asset shall have been the subject of a relatively contemporaneous appraisal by an independent third
party appraiser, the basic assumptions underlying which have not materially changed since its date, the value set forth in such appraisal and (b) with respect to any marketable Security at any date, the closing sale price of such Security on
the Business Day next preceding such date, as appearing in any published list of any national securities exchange or the NASDAQ Stock Market or, if there is no such closing sale price of such Security, the final price for the purchase of such
Security at face value quoted on such Business Day by a financial institution of recognized standing regularly dealing in Securities of such type and selected by the Administrative Agent. 
 “FCC” means the Federal Communications Commission or any successor Governmental Authority. 
 “Federal Funds Rate” means, for any period, the weighted average of the rates on overnight federal funds
transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a
Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. 
 “Federal Reserve Board” means the Board of Governors of the United States Federal Reserve System, or any
successor thereto. 
 “Fee Letter” shall mean the letter, dated January 8, 2007, addressed
to the Borrower from the Arranger and accepted by the Borrower on January 8, 2007, with respect to certain fees to be paid from time to time to Credit Suisse. 
 “Financial Asset” has the meaning given to such term in the UCC. 
 “Financial Covenant Debt” means, as of any date of determination, the aggregate amount of the Indebtedness of the Borrower and its Subsidiaries of the type specified, without duplication,
in (i) clauses (a), (b), (d), (e), (f), (g) and (h) of the definition of “Indebtedness”, (ii) non-contingent obligations of the type specified in clause (c) of such definition and
(iii) obligations of the type specified in clauses (i) and (j) of such definition to the extent such obligations constitute balance sheet indebtedness under GAAP (but excluding Indebtedness under any notes permitted
pursuant to clause (j) of the Section 8.1(Indebtedness). 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Financial Statements” means the financial statements
of the Borrower and its Subsidiaries delivered in accordance with Section 4.4 (Financial Statements) and Section 6.1 (Financial Statements). 
 “First Amendment” means that certain First Amendment to the Amended and Restated Credit Agreement dated as
of January 4, 2008 among the Borrower, the Incremental Term Loan Lenders party thereto and the Administrative Agent. 
 “First Amendment Effective Date” means January 4, 2008, the date of effectiveness of the First Amendment. 
 “Fiscal Quarter” means each of the three-month fiscal periods of the Borrower ending on March 31, June 30, September 30 and
December 31. 
 “Fiscal Year” means the twelve-month fiscal period of the Borrower ending
on December 31. 
 “Fund” means any Person (other than a natural Person) that is or will
be engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its operations. 
 “GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time set forth in the opinions and pronouncements of
the Accounting Principles Board and the American Institute of Certified Public Accountants and the statements and pronouncements of the Financial Accounting Standards Board, or in such other statements by such other entity as may be in general use
by significant segments of the accounting profession, that are applicable to the circumstances as of the date of determination. 
 “General Intangible” has the meaning given to such term in the UCC. 
 “Governmental Authority” means any nation, sovereign or government, any state or other political subdivision thereof and any entity or authority exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government, including any central bank or stock exchange and including the FCC and each PUC. 
 “Graceba” means Graceba Total Communications, Inc., an Alabama corporation. 
 “Graceba Acquisition” means the Borrower’s acquisition of all of the outstanding equity interests of Graceba pursuant to that certain Share Purchase Agreement
dated November 2, 2007 among, the Borrower, the sole shareholder of Graceba, Graceba, and Knology of Alabama, Inc., an Alabama corporation and a Wholly-Owned Subsidiary of the Borrower (as used in this definition, “Knology
Alabama”), pursuant to which Graceba shall become a Wholly-Owned Subsidiary of Knology Alabama. 
 “Graceba Merger Consideration” means $75,000,000 cash consideration paid to the sole shareholder of Graceba pursuant to the Graceba Acquisition. 
 “Guarantor” means each Subsidiary of the Borrower party to or that becomes party to the Guaranty. 
 “Guaranty” means the Amended and Restated Guaranty, in substantially the form of Exhibit G (Form of
Guaranty), executed by the Guarantors. 
 “Guaranty Obligation” means, as applied to any
Person, any direct or indirect liability, contingent or otherwise, of such Person with respect to any Indebtedness of another Person, if the purpose

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
or intent of such Person in incurring the Guaranty Obligation is to provide assurance to the obligee of such Indebtedness that such Indebtedness will be paid or discharged, that any agreement
relating thereto will be complied with, or that any holder of such Indebtedness will be protected (in whole or in part) against loss in respect thereof, including (a) the direct or indirect guaranty, endorsement (other than for collection or
deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of Indebtedness of another Person and (b) any liability of such Person for Indebtedness of another Person through any
agreement (contingent or otherwise) (i) to purchase, repurchase or otherwise acquire such Indebtedness or any security therefor or to provide funds for the payment or discharge of such Indebtedness (whether in the form of a loan, advance, stock
purchase, capital contribution or otherwise), (ii) to maintain the solvency or any balance sheet item, level of income or financial condition of another Person, (iii) to make take-or-pay or similar payments, if required, regardless of
non-performance by any other party or parties to an agreement, (iv) to purchase, sell or lease (as lessor or lessee) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such
Indebtedness or to assure the holder of such Indebtedness against loss or (v) to supply funds to, or in any other manner invest in, such other Person (including to pay for property or services irrespective of whether such property is received
or such services are rendered), if in the case of any agreement described under clause (b)(i), (ii), (iii), (iv) or (v) above the primary purpose or intent thereof is to provide assurance that
Indebtedness of another Person will be paid or discharged, that any agreement relating thereto will be complied with or that any holder of such Indebtedness will be protected (in whole or in part) against loss in respect thereof. The amount of any
Guaranty Obligation shall be equal to the amount of the Indebtedness so guaranteed or otherwise supported. 
 “Hedging Contracts” means all Interest Rate Contracts, foreign exchange contracts, currency swap or option agreements, forward contracts, commodity swap, purchase or option agreements, other commodity price hedging
arrangements and all other similar agreements or arrangements designed to alter the risks of any Person arising from fluctuations in interest rates, currency values or commodity prices. 
 “Incremental Term Loan Applicable Margin” means with respect to the Incremental Term Loan made on the First
Amendment Effective Date and maintained (i) as Base Rate Loans, a rate equal to 1.75% per annum and (ii) as Eurodollar Rate Loans, a rate equal to 2.75% per annum. 
 “Incremental Term Loan Lender” means each Lender that holds an Incremental Term Loan. 
 “Incremental Term Loans” shall have the meaning specified in Section 2.1(b)(ii). 
 “Indebtedness” of any Person means without duplication (a) all indebtedness of such Person for
borrowed money, (b) all obligations of such Person evidenced by notes, bonds, debentures or similar instruments or that bear interest, (c) all reimbursement and all obligations with respect to letters of credit, bankers’ acceptances,
surety bonds and performance bonds, whether or not matured, (d) all indebtedness for the deferred purchase price of property or services, other than trade payables incurred in the ordinary course of business that are not more than 60 days
overdue, (e) all indebtedness of such Person created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under
such agreement in the event of default are limited to repossession or sale of such property), (f) all Capital Lease Obligations of such Person and the present value of future rental payments under all synthetic leases, (g) all Guaranty
Obligations of such Person, (h) all obligations of such Person to purchase, redeem, retire, defease or otherwise acquire for value any Stock or Stock Equivalents of such Person, valued, in the case of redeemable preferred stock, at the greater
of its voluntary liquidation preference and its involuntary liquidation preference plus accrued and unpaid dividends, in each case, if such obligation is (or may be) required to be paid prior to the first anniversary of Extended Term Loan
Maturity Date, (i) all payments that such Person would have to make in the event of an early termination on the date Indebtedness of such Person is being determined in respect of Hedging Contracts of such Person and (j) all Indebtedness of
the

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
type referred to above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien upon or in property (including Accounts
and General Intangibles) owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness. 
 “Indemnified Matter” has the meaning specified in Section 11.4 (Indemnities). 
 “Indemnitee” has the meaning specified in Section 11.4 (Indemnities). 
 “Initial Term Loans” has the meaning specified in Section 2.1(b)(i) (The Commitments). 
 “Initial Term Loan Lender” means each Lender that holds an Initial Term Loan. 
 “Initial Term Loan Maturity Date” means June 30, 2012. 
 “Interactive Broadband Network” means any two-way, interactive, high-capacity hybrid fiber-coaxial networks (including networks being constructed or to be converted or upgraded to meet
such criteria) owned or leased or operated by any Person which provides Broadband Services. 
 “Interest
Coverage Ratio” means, with respect to the Borrower and its Subsidiaries on a Consolidated basis, for any period of determination, the ratio of (a) EBITDA to (b) Cash Interest Expense for such period. 
 “Interest Expense” means, for any Person for any period, (a) Consolidated total interest expense of
such Person and its Subsidiaries for such period and including, in any event, interest capitalized during such period and net costs under Interest Rate Contracts for such period (excluding fees and costs associated with the early extinguishment of
Indebtedness) minus (b) Consolidated net gains of such Person and its Subsidiaries under Interest Rate Contracts for such period and minus (c) any Consolidated interest income of such Person and its Subsidiaries for such
period. 
 “Interest Period” means, in the case of any Eurodollar Rate Loan,
(a) initially, the period commencing on the date such Eurodollar Rate Loan is made, on the date of conversion of a Base Rate Loan to such Eurodollar Rate Loan, or on the date of the continuation of a Eurodollar Rate Loan as a Eurodollar Rate
Loan and ending (i) in the case of any Existing Term Loan or Revolving Loan, one, two, three or six months thereafter or (ii) in the case of any Extended Term Loan, three or six months thereafter, as selected by the Borrower in its Notice
of Borrowing or Notice of Conversion or Continuation given to the Administrative Agent pursuant to Section 2.2 (Borrowing Procedures) or Section 2.11 (Conversion/Continuation Option); provided, however, that all of the
foregoing provisions relating to Interest Periods in respect of Eurodollar Rate Loans are subject to the following: 
 (i)         if any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business
Day, unless the result of such extension would be to extend such Interest Period into another calendar month, in which event such Interest Period shall end on the immediately preceding Business Day; 
 (ii)         any Interest Period that begins on the last Business
Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month; 
 (iii)         the Borrower may not select any Interest Period that
ends after the date of a scheduled principal payment on the applicable Loans as set forth in Article II (The Facilities) unless, after giving effect to such selection, the aggregate unpaid principal amount of such Loans for which
Interest Periods end after such scheduled principal payment shall be equal to or less than the principal amount to which such Loans are required to be reduced after such scheduled principal payment is made; 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (iv)         the
Borrower may not select any Interest Period in respect of Loans having an aggregate principal amount of less than $1,000,000; and 
 (v)         there shall be outstanding at any one time no more than six Interest Periods in the aggregate. 
 “Interest Rate Contracts” means all interest rate swap agreements, interest rate cap agreements, interest
rate collar agreements and interest rate insurance. 
 “Inventory” has the meaning given to
such term in the UCC. 
 “Investment” means, with respect to any Person, (a) any purchase
or other acquisition by such Person of (i) any Security issued by, (ii) a beneficial interest in any Security issued by, or (iii) any other equity ownership interest in, any other Person, (b) any purchase by such Person of all or
a significant part of the assets of a business conducted by any other Person, or all or substantially all of the assets constituting the business of a division, branch or other unit operation of any other Person, (c) any loan, advance (other
than deposits with financial institutions available for withdrawal on demand, prepaid expenses, accounts receivable and similar items made or incurred in the ordinary course of business as presently conducted) or capital contribution by such Person
to any other Person, including all Indebtedness of any other Person to such Person arising from a sale of property by such Person other than in the ordinary course of its business, and (d) any Guaranty Obligation incurred by such Person in
respect of Indebtedness of any other Person. 
 “IRS” means the Internal Revenue Service of the
United States or any successor thereto. 
 “Issue” means, with respect to any Letter of Credit,
to issue, extend the expiry of, renew or increase the maximum face amount (including by deleting or reducing any scheduled decrease in such maximum face amount) of, such Letter of Credit. The terms “Issued” and
“Issuance” shall have a corresponding meaning. 
 “Issuer” means one or more
Lenders or Affiliates of Lenders that in each case (a) is listed on the signature pages hereof as an “Issuer” or (b) hereafter become an Issuer with the approval of the Administrative Agent and the Borrower by agreeing
pursuant to an agreement with and in form and substance satisfactory to the Administrative Agent and the Borrower to be bound by the terms hereof applicable to Issuers. 
 “Land” of any Person means all of those plots, pieces or parcels of land now owned, leased or hereafter acquired or leased or purported to be owned, leased or
hereafter acquired or leased (including, in respect of the Loan Parties, as reflected in the most recent Financial Statements) by such Person. 
 “Leases” means, with respect to any Person, all of those leasehold estates in real property of such Person, as lessee, as such may be amended, supplemented or otherwise modified from time
to time. 
 “Lender” means the Swing Loan Lender and each other financial institution or other
entity that (a) is listed on the signature pages hereof as a “Lender”, (b) from time to time becomes a party hereto as a Lender by execution of an Assignment and Acceptance or (c) becomes a party hereto as a
Lender in connection with a Term Facility Increase by execution of an assumption agreement in connection with such Term Facility Increase. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Letter of Credit” means any standby letter of credit
Issued pursuant to Section 2.4 (Letters of Credit). 
 “Letter of Credit
Obligations” means, at any time, the aggregate of all liabilities at such time of the Borrower to all Issuers with respect to Letters of Credit, whether or not any such liability is contingent, including, without duplication, the sum of
(a) the Reimbursement Obligations at such time and (b) the Letter of Credit Undrawn Amounts at such time. 
 “Letter of Credit Reimbursement Agreement” has the meaning specified in Section 2.4(a) (Letters of Credit). 
 “Letter of Credit Request” has the meaning specified in Section 2.4(c) (Letters of Credit). 
 “Letter of Credit Sublimit” means $5,000,000. 
 “Letter of Credit Undrawn Amounts” means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time. 
 “Leverage Ratio” means, with respect to the Borrower and its Subsidiaries on a Consolidated basis, as of
any date of determination, the ratio of (a) Consolidated Financial Covenant Debt outstanding as of such date to (b) EBITDA for the last full four Fiscal Quarter period ending on or before such date. 
 “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit arrangement,
encumbrance, lien (statutory or other), security interest or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever intended to assure payment of any Indebtedness or the performance of any other
obligation, including any conditional sale or other title retention agreement, the interest of a lessor under a Capital Lease and any financing lease having substantially the same economic effect as any of the foregoing, and the filing of any
financing statement under the UCC or comparable law of any jurisdiction naming the owner of the asset to which such Lien relates as debtor. 
 “Loan” means any loan made by any Lender pursuant to this Agreement (including pursuant to the Term Facility Increase). 
 “Loan Documents” means, collectively, this Agreement, the Notes (if any), the Guaranty, the Fee Letter,
each Letter of Credit Reimbursement Agreement, each Hedging Contract between any Loan Party and any Person that is a Lender, an Agent or an Affiliate of an Agent at the time it enters into such Hedging Contract, the Collateral Documents, any
intercreditor agreement or collateral agency agreement entered into in connection with any Permitted Existing Term Loan Refinancing Indebtedness and each certificate, agreement or document executed by a Loan Party and delivered to any Agent or any
Lender in connection with or pursuant to any of the foregoing. 
 “Loan Party” means each of
the Borrower, each Guarantor and each other Subsidiary of the Borrower that executes and delivers a Loan Document. 
 “Material Adverse Change” means a material adverse change in any of (a) the business, assets, liabilities, operations, condition (financial or otherwise), operations, results or Projections of the Borrower or the
Borrower and its Subsidiaries taken as a whole, (b) the legality, validity or enforceability of any Loan Document or any Related Document, (c) the perfection or priority of the Liens granted pursuant to the Collateral Documents,
(d) the ability of the Borrower to repay the Obligations or of the other Loan Parties to perform their respective obligations under the Loan Documents or (e) the rights and remedies of the Agents, the Lenders or the Issuers under the Loan
Documents. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Material Adverse Effect” means an effect that results
in or causes, or could reasonably be expected to result in or cause, a Material Adverse Change. 
 “Material Subsidiary” means as of the end of any Fiscal Quarter, any Subsidiary of the Borrower (a) whose EBITDA for the period of (4) consecutive Fiscal Quarters ending on such date (the “Measuring
Period”) exceeds five percent (5%) of EBITDA of the Borrower and its Subsidiaries for such Measuring Period or (b) that owns five percent (5%) of consolidated total assets of the Borrower and its Subsidiaries. 
 “Merger Agreement” means the Agreement and Plan of Merger, by and among the Target, the Borrower, Knology
Acquisition Sub, Inc., Alta Communications VIII, L.P. and certain equityholders set forth therein. 
 “Merger Consideration” has the meaning specified in the recitals to this Agreement. 
 “Merger Sub” has the meaning specified in the recitals to this Agreement. 
 “Moody’s” means Moody’s Investors Service, Inc. 
 “Mortgage
Supporting Documents” means, with respect to each Mortgage for a parcel of Real Property: (a) a mortgagee’s title insurance policy or marked-up and signed unconditional binder for such insurance which shall: (i) be in an
amount satisfactory to the Administrative Agent; (ii) insure that the Mortgage insured thereby creates a valid lien on such Real Property free and clear of all defects and encumbrances except as disclosed therein, which defects and encumbrances
shall be reasonably acceptable to the Administrative Agent; (iii) name the Administrative Agent for the benefit of the Secured Parties as the insured thereunder; (iv) be in the form of ALTA Loan Policy – 1992 (or equivalent policies);
(v) contain such endorsements and affirmative coverage as the Administrative Agent may reasonably request; and (vi) be issued by a title company satisfactory to the Administrative Agent; (b) copies of all recorded document referred
to, or listed as exceptions to title in, the title policy refereed to in clause (a) above and a copy of all other material documents affecting the Real Property; (c) a current ALTA survey of the Real Property (in form that is sufficiently
acceptable to the title insurer issuing title insurance to the Administrative Agent for such title insurer to deliver endorsements to such title insurance as reasonably requested by the Administrative Agent), together with a surveyor’s
certificate reasonably acceptable to the Administrative Agent; (d) any consents or estoppels reasonably deemed necessary or advisable by the Administrate Agent in connection with such Mortgage in form and substance reasonably satisfactory to
the Administrative Agent; (e) legal opinions delivered to the Administrative Agent relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent;
and (f) evidence satisfactory to the Administrative Agent that all premiums in respect of the title policy, all charges for mortgage recording tax, and all related expenses, if any, have been paid. 
 “Mortgages” means the mortgages, deeds of trust or other real estate security documents made or required
herein to be made by the Borrower or any other Loan Party, each in form and substance satisfactory to the Administrative Agent. 
 “Multiemployer Plan” means a multiemployer plan, as defined in Section 400l(a)(3) of ERISA, to which the Borrower, any of its Subsidiaries or any ERISA Affiliate has any obligation
or liability, contingent or otherwise. 
 “Net Cash Proceeds” means proceeds received by the
Borrower or any of its Subsidiaries after the Original Effective Date in cash or Cash Equivalents from any (a) Asset Sale made pursuant to Section 8.4 (Sale of Assets) (other than clauses (a) through
(e) thereof) net of (i) the reasonable cash costs of sale, assignment or other disposition, (ii) taxes paid or reasonably estimated to be payable as a result thereof, (iii) any amount required to be paid or prepaid on
Indebtedness (other than the Obligations)

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
secured by the assets subject to such Asset Sale and (iv) amounts provided as a reserve, in accordance with GAAP, against any liabilities under any indemnification obligations or purchase
price adjustments associated with any disposition or any liabilities retained by the Borrower or any of its Subsidiaries associated with assets sold in such disposition (provided that, to the extent and at the time any such amounts are released from
such reserve, such amounts shall constitute Net Cash Proceeds); provided, however, that evidence of each of clauses (i), (ii) and (iii) above is provided to the Administrative Agent in form and substance
reasonably satisfactory to it, (b) Property Loss Event or (c)(i) Equity Issuance (other than any such issuance of common Stock of Borrower occurring in the ordinary course of business to any director, member of the management or employee of the
Borrower or its Subsidiaries) or (ii) any Debt Issuance other than Debt Issuances permitted under clauses (a) through (l) of Section 8.1 (Indebtedness), in each case, net of brokers’ and advisors’ fees and other
costs incurred in connection with such transaction; provided, however, that in the case of this clause (c), evidence of such costs is provided to the Administrative Agent in form and substance satisfactory to it. 
 “Net Merger Consideration” means the Merger Consideration net of repayment of the Existing Target Debt on
the Original Effective Date with the proceeds of such amount. 
 “Network Agreement” means any
document or agreement entered into by any Loan Party or any Subsidiary of a Loan Party regarding the use, operation or maintenance of, or otherwise concerning, any Interactive Broadband Network. 
 “New Incremental Term Loan Commitment” means, with respect to any Lender, any commitment by such Lender
that is included as part of a Term Facility Increase to make a New Incremental Term Loan on any Term Facility Increase Date, as such amount may be reduced pursuant to this Agreement. 
 “New Incremental Term Loans” shall have the meaning specified in Section 2.1(c). 
 “Non-Cash Interest Expense” means, with respect to any Person for any period, the sum of the following
amounts to the extent included in the definition of Interest Expense (a) the amount of debt discount and debt issuance costs amortized, (b) charges relating to write-ups or write-downs in the book or carrying value of existing Financial
Covenant Debt, (c) interest payable in evidences of Indebtedness or by addition to the principal of the related Indebtedness and (d) other non-cash interest. 
 “Non-Consenting Lender” has the meaning specified in Section 11.1(c) (Amendments, Waivers, Etc.). 
 “Non-Declining Lender” has the meaning specified in Section 2.9(e) (Mandatory Prepayments).

 “Non-Funding Lender” has the meaning specified in Section 2.2(d) (Borrowing
Procedures). 
 “Non-U.S. Lender” means each Lender or Issuer (or the Administrative Agent)
that is a Non-U.S. Person. 
 “Non-U.S. Person” means any Person that is not a Domestic Person.

 “Note” means any Revolving Credit Note or Term Loan Note. 
 “Notice of Borrowing” has the meaning specified in Section 2.2(a) (Borrowing Procedures).

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Notice of Conversion or Continuation” has the meaning
specified in Section 2.11 (Conversion/Continuation Option). 
 “Obligations” means
the Loans, the Letter of Credit Obligations and all other amounts, obligations, covenants and duties owing by the Borrower to the Administrative Agent, any Lender, any Issuer, any Affiliate of any of them or any Indemnitee, of every type and
description (whether by reason of an extension of credit, issuance or amendment of a letter of credit or payment of any draft drawn or other payment thereunder, loan, guaranty, indemnification, foreign exchange or currency swap transaction, interest
rate hedging transaction or otherwise), present or future, arising under this Agreement, any other Loan Document (including Hedging Contracts that are Loan Documents), whether direct or indirect (including those acquired by assignment), absolute or
contingent, due or to become due, now existing or hereafter arising and however acquired and whether or not evidenced by any note, guaranty or other instrument or for the payment of money, including all letter of credit, cash management and other
fees, interest, charges, expenses, attorneys’ fees and disbursements and other sums chargeable to the Borrower under this Agreement, any other Loan Document (including Hedging Contracts that are Loan Documents) and all obligations of the
Borrower under any Loan Document to provide cash collateral for any Letter of Credit Obligation. 
 “Original Effective Date” has the meaning specified in Section 3.1 (Conditions Precedent to Initial Loans and Letters of Credit”). 
 “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 
 “Permit” means any permit, approval, authorization, license, variance or permission required from a Governmental Authority under an applicable Requirement of Law.

 “Permitted Acquisition” means any Proposed Acquisition subject to the satisfaction of each
of the following conditions: 
 (a)         the
Administrative Agent shall receive at least 30 days’ prior written notice of such Proposed Acquisition, which notice shall include a reasonably detailed description of such Proposed Acquisition; 
 (b)         such Proposed Acquisition shall only involve assets
located in the United States and comprising a business, or those assets of a business, of the type engaged in by the Borrower and its Subsidiaries as of the Original Effective Date (or any business reasonably related or ancillary thereto or a
reasonable extension thereof, as determined in good faith by the board of directors); 
 (c)         such Proposed Acquisition shall be consensual and shall have been approved by the Proposed Acquisition Target’s board of directors; 
 (d)         no additional Indebtedness or other liabilities shall be
incurred, assumed or otherwise be reflected on a Consolidated balance sheet of the Borrower and Proposed Acquisition Target after giving effect to such Proposed Acquisition, except (i) Loans made hereunder, (ii) ordinary course trade
payables and accrued expenses, (iii) Indebtedness incurred pursuant to Section 8.1(j) and (k)) (Indebtedness) hereof and (iv) Indebtedness of the Proposed Acquisition Target; provided, that (A) after giving effect
to such Permitted Acquisition, such Indebtedness (together with all other Indebtedness of the Borrower and its Subsidiaries) is permitted under Section 8.1 (Indebtedness) and (B) before and after giving effect to such Permitted
Acquisition the Borrower is in pro forma compliance with each covenant set forth in Article V hereof; 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (e)         the
Dollar Equivalent of the sum of all amounts payable in connection with such Proposed Acquisition and all other Permitted Acquisitions consummated on or prior to the date of the consummation of such Proposed Acquisition (including all transaction
costs and all Indebtedness, liabilities and Guaranty Obligations incurred or assumed in connection therewith or otherwise reflected in a Consolidated balance sheet of the Borrower and Target) shall not in aggregate exceed $25,000,000 on or after the
Original Effective Date; provided, however, that the foregoing limit shall not apply to the extent the purchase consideration for such Proposed Acquisition (i) is in the form of an Equity Issuance or is funded with the Net Cash Proceeds
of any Equity Issuance not used to prepay Loans under Section 2.9 (Mandatory Prepayments), (ii) is funded with the Net Cash Proceeds of an Asset Sale permitted by Section 8.4 (Sale of Assets) and subject to a
Reinvestment Event; provided, that such Proposed Acquisition is consummated by the corresponding Reinvestment Prepayment Date, (iii) is funded with the proceeds of any New Incremental Term Loans, (iv) is funded with the proceeds of
Indebtedness incurred pursuant to Section 8.1(j) and (k)) (Indebtedness) hereof or (v) any combination of (i) through (iv) above; 
 (f)         within 30 days of the closing of such Proposed Acquisition, the Borrower (or the Subsidiary making such Proposed Acquisition) and
the Proposed Acquisition Target shall have executed such documents and taken such actions as may be required under Section 7.11 (Additional Collateral and Guaranties) and Section 7.14 (Real Property); 
 (g)         the Borrower shall have delivered to the Administrative
Agent, in form and substance satisfactory to the Administrative Agent and sufficiently in advance and in any case no later than 21 days prior to such Proposed Acquisition, such other financial information, financial analysis, documentation or other
information relating to such Proposed Acquisition and the pro forma certifications required by clause (h) below, in each case, as the Administrative Agent or any Lender shall reasonably request; 
 (h)    (i)     such Proposed Acquisition Target’s EBITDA for the
most recent four fiscal quarter period is greater than zero and (ii) on or prior to the date of such Proposed Acquisition, the Administrative Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent,
a certificate of the chief financial officer of the Borrower demonstrating pro forma (A) that at the time of such Proposed Acquisition and after giving effect thereto, (1) compliance with the financial covenants set forth in
Article V (Financial Covenants), (2) compliance with the other terms of the Loan Documents and (3) the aggregate amount of the Borrower’s cash and Cash Equivalents (which in each case are subject to a first-priority perfected
Lien of the Collateral Agent) and the Available Credit shall equal at least $10,000,000, (B) copies of the acquisition agreement, related Contractual Obligations and instruments and (C) all opinions, certificates, lien search results and
other documents reasonably requested by the Administrative Agent; 
 (i)         at the time of such Proposed Acquisition and after giving effect thereto, (A) no Default or Event of Default shall have occurred and be continuing and (B) all representations and
warranties contained in Article IV (Representations and Warranties) and in the other Loan Documents shall be true and correct in all material respects. 
 “Permitted CIU Transactions” means any agreement for a fixed term entered into by the Borrower or any of its Subsidiaries with a Person with respect to the
construction, operation and maintenance of communications networks to provide telecommunications, cable, broadband or other communications services in commercial buildings or developments which transaction or agreement is not entered into for the
purpose of raising financing. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Permitted Existing Term Loan Refinancing Indebtedness”
means Indebtedness constituting a refinancing (in whole or in part) of the Existing Term Loans that (a) has an aggregate outstanding principal amount not greater than the aggregate outstanding principal amount of the Existing Term Loans at the
time of incurrence of such Indebtedness (plus any cash fees thereon and transaction expenses (other than interest expenses) related to the incurrence of such Permitted Existing Term Loan Refinancing Indebtedness), (b) has a final maturity date
at least one year later than the Extended Term Loan Maturity Date, (c) is unsecured or, if it is secured, is (i) secured solely by a Lien, which may be pari passu to the Liens securing the Collateral, on the Collateral subject to
terms and conditions reasonably satisfactory to the Administrative Agent and subject to any intercreditor agreement or collateral agency agreements required by, and satisfactory to, the Administrative Agent and (ii) not secured by any other
Liens on any assets or property of the Borrower or any of its Subsidiaries, (d) does not provide for scheduled amortization greater than 1% of principal per annum prior to the Extended Term Loan Maturity Date, (e) has market interest rates
and fees (as determined by the Board of Directors of the Borrower in good faith), (f) has no financial covenants or events of default more restrictive than those contained in the Loan Documents, (g) does not have other terms (other than
interest rates but including terms related to guarantees with respect to such Indebtedness) that are more restrictive than those contained in the Loan Documents, taken as a whole (h) does not require any funds to be set aside prior to the date
that is six months later than the Extended Term Maturity Date for any redemption, retirement, termination, cancellation, purchase or other acquisition of such Indebtedness, whether directly or indirectly and whether to a sinking fund, a similar fund
or otherwise (excluding scheduled amortization and redemptions and mandatory prepayments in connection with a change of control that is no more restrictive than the definition of “Change of Control” in this Agreement and redemptions and
mandatory prepayments to the extent they are acceptable to the Administrative Agent), (i) if such Indebtedness is subordinated to the Obligations, is subordinated to the Obligations on terms satisfactory to the Administrative Agent, and
(j) is otherwise on terms, taken as a whole, no less favorable to the Loan Parties than those of such Indebtedness, other than market interest rates and fees; provided, that, a certificate of a Responsible Officer of the Borrower is
delivered to the Administrative Agent at least five Business Days (or such shorter period as the Administrative Agent may reasonably agree) prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material
terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirements. 
 “Permitted MDU Transaction” means any agreement for a fixed term entered into by the Borrower or any of its
Subsidiaries with a Person with respect to the construction, operation and maintenance of communications networks to provide telecommunications, cable, broadband or the communications services in residential buildings or developments, or other sites
containing multiple dwelling units, which transaction or agreement is not entered into for the purpose of raising financing. 
 “Permitted Pro Forma Adjustments” as applied to any Person or business unit acquired on or after the Original Effective Date (including the Target) means any adjustment to the actual
results of operations of such Person or business unit that are permitted to be recognized in pro forma financial statements prepared in accordance with Regulation S-X of the Securities Act of 1933 or that are otherwise approved by the
Administrative Agent to reflect verifiable and adequately documented severance payments and reductions in, among other items, officer and employee compensation, insurance expenses, interest expense, rental expense, and other overheard expense, and
other quantifiable expenses which are not anticipated to be incurred on an ongoing basis following consummation of such Acquisitions, in an amount acceptable to the Administrative Agent in its reasonable discretion. 
 “Person” means an individual, partnership, corporation (including a business trust), joint stock company,
estate, trust, limited liability company, unincorporated association, joint venture or other entity or a Governmental Authority. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Pledge and Security Agreement” means the Amended and
Restated Pledge and Security Agreement, in substantially the form of Exhibit H (Form of Pledge and Security Agreement), executed by the Borrower and each Guarantor. 
 “Pledged Stock” has the meaning specified in the Pledge and Security Agreement. 
 “Pole Agreement” means any pole attachment agreement or underground conduit use agreement entered into in connection with the operation of any Interactive Broadband
Network. 
 “Proceeds” has the meaning given to such term in the UCC. 
 “Prohibited Person” shall mean any Person: 
 (a)         listed in the Annex to, or otherwise subject to the
provisions of, the Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism;

 (b)         that is owned or controlled by, or acting
for or on behalf of, any person or entity that is listed to the Annex to, or is otherwise subject to the provisions of, such Executive Order; 
 (c)         that is named as a “specially designated national and blocked person” on the most current list published by the U.S.
Treasury Department Office of Foreign Assets Control at its official website, http://www.treas.gov.ofac/t11sdn.pdf or at any replacement website or other replacement official publication of such list; or 
 (d)         who is an Affiliate of, or affiliated with, a Person
listed above. 
 “Projections” means the detailed business plan or projections of the Borrower,
the Target, and their respective Subsidiaries, dated February 20, 2007, for the Fiscal Years 2007 through 2013 and for the Fiscal Quarters beginning with the second Fiscal Quarter of 2007 and through the first Fiscal Quarter of 2009.

 “Property Loss Event” means (a) any loss of or damage to property of the Borrower or
any of its Subsidiaries that results in the receipt by such Person of proceeds of insurance which exceed $1,000,000 (individually or in the aggregate) per Fiscal Year or $5,000,000 at any time on or after the Original Effective Date; (b) any
taking of property of the Borrower or any of its Subsidiaries that results in the receipt by such Person of proceeds in respect thereof which exceed $500,000 (individually or in the aggregate). 
 “Proposed Acquisition” means the proposed acquisition by the Borrower or any of its Subsidiaries of all or
substantially all of the assets or Stock of any Proposed Acquisition Target, or the merger of any Proposed Acquisition Target with or into the Borrower or any Subsidiary of the Borrower (and, in the case of a merger with the Borrower, with the
Borrower being the surviving corporation). 
 “Proposed Acquisition Target” means any Person or
any operating division thereof subject to a Proposed Acquisition. 
 “PUC” means any state,
provincial or other regulatory agency or body that exercises jurisdiction over (a) the rates, services or provision of Broadband Services or (b) the ownership, construction or operation of any Interactive Broadband Network or long distance
telecommunications system or (c) Persons who own, construct or operate any Interactive Broadband Network or long distance telecommunications systems, in each case, by reason of the nature or type of the business subject to regulation and not
pursuant to laws and regulations of general applicability to Persons conducting business in any such jurisdiction. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “PUC Authorization” means any registration with, and
any written validation, exemption, franchise, waiver, approval, order or authorization, consent, license, certificate and permit, regarding the provision of Broadband Services, issued to any Person from any PUC. 
 “Purchasing Lender” has the meaning specified in Section 11.7 (Sharing of Payments, Etc.).

 “Ratable Portion” or (other than in the expression “equally and ratably”)
“ratably” means, with respect to any Lender, (a) with respect to the Revolving Credit Facility, the percentage obtained by dividing (i) the Revolving Credit Commitment of such Lender by (ii) the aggregate Revolving
Credit Commitments of all Lenders (or, at any time after the Revolving Credit Termination Date, the percentage obtained by dividing the aggregate outstanding principal balance of the Revolving Credit Outstandings owing to such Lender (or in which
such Lender owns a participation) by the aggregate outstanding principal balance of the Revolving Credit Outstandings owing to all Lenders) and (b) with respect to the Term Loan Facility, the percentage obtained by dividing the principal amount
of such Lender’s Term Loans by the aggregate Term Loans of all Lenders. 
 “Real Property”
of any Person means the Land of such Person, together with the right, title and interest of such Person, if any, in and to the streets, the Land lying in the bed of any streets, roads or avenues, opened or proposed, in front of, the air space and
development rights pertaining to the Land and the right to use such air space and development rights, all rights of way, privileges, liberties, tenements, hereditaments and appurtenances belonging or in any way appertaining thereto, all fixtures,
all easements now or hereafter benefiting the Land and all royalties and rights appertaining to the use and enjoyment of the Land, including all alley, vault, drainage, mineral, water, oil and gas rights, together with all of the buildings and other
improvements now or hereafter erected on the Land and any fixtures appurtenant thereto. 
 “Refinancing” has the meaning specified in the recitals to this Agreement. 
 “Register” has the meaning specified in Section 2.7(b) (Evidence of Debt). 
 “Reimbursement Date” has the meaning specified in Section 2.4(h) (Letters of Credit). 
 “Reimbursement Obligations” means, as and when matured, the obligation of the Borrower to pay, on the date payment is made or scheduled to be made to the beneficiary under each such
Letter of Credit (or at such other date as may be specified in the applicable Letter of Credit Reimbursement Agreement) and in the currency drawn (or in such other currency as may be specified in the applicable Letter of Credit Reimbursement
Agreement), all amounts of each draft and other requests for payments drawn under Letters of Credit, and all other matured reimbursement or repayment obligations of the Borrower to any Issuer with respect to amounts drawn under Letters of Credit.

 “Reinvestment Deferred Amount” means, with respect to any Net Cash Proceeds of any
Reinvestment Event, the portion of such Net Cash Proceeds subject to a Reinvestment Notice. 
 “Reinvestment Event” means the receipt of Net Cash Proceeds with respect to any Asset Sale or Property Loss Event in respect of which the Borrower has delivered a Reinvestment Notice. 
 “Reinvestment Notice” means a written notice executed by a Responsible Officer of the Borrower stating that
no Default or Event of Default has occurred and is continuing and that the Borrower (directly or indirectly through one of its Subsidiaries) may use all or a specified portion of the Net Cash Proceeds of an Asset Sale or Property Loss Event to
acquire assets (including a Permitted Acquisition of 100% of the equity interests of another Person) useful in its or one of its Subsidiaries’ businesses or, in the case of a Property Loss Event, to effect repairs. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Reinvestment Prepayment Date” means, with respect to
any Net Cash Proceeds of any Reinvestment Event, the earlier of (a) the date occurring 360 days after such Reinvestment Event and (b) the date that is five Business Days after the date on which the Borrower shall have notified the
Administrative Agent of the Borrower’s determination not to acquire assets useful in the Borrower’s or a Subsidiary’s business (or, in the case of a Property Loss Event, not to effect repairs) with all or any portion of the relevant
Reinvestment Deferred Amount for such Net Cash Proceeds. 
 “Related Documents” means the
Merger Agreement and each other document and instrument executed with respect thereto. 
 “Release” means, with respect to any Person, any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration, in each case, of any Contaminant into the indoor or
outdoor environment or into or out of any property owned, leased or operated by such Person, including the movement of Contaminants through or in the air, soil, surface water, ground water or property. 
 “Remedial Action” means all actions required to (a) clean up, remove, treat or in any other way
address any Contaminant in the indoor or outdoor environment, (b) prevent the Release or threat of Release or minimize the further Release so that a Contaminant does not migrate or endanger or threaten to endanger public health or welfare or
the indoor or outdoor environment or (c) perform pre-remedial studies and investigations and post-remedial monitoring and care. 
 “Repricing Event” means any amendment to the Loan Documents having the effect of reducing the effective interest rate applicable to all or any portion of the Extended Term Loans.

 “Requirement of Law” means, with respect to any Person, the common law and all federal,
state, local and foreign laws, treaties, rules and regulations, orders, judgments, decrees and other determinations of, concessions, grants, franchises, licenses and other Contractual Obligations with, any Governmental Authority or arbitrator,
applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 
 “Requisite Lenders” means, collectively, Lenders having (a) on and prior to the Original Effective Date, more than fifty percent (50%) of the aggregate outstanding amount of the
Commitments, (b) after the Original Effective Date and on and prior to the Revolving Credit Termination Date, more than fifty percent (50%) of the sum of the aggregate outstanding amount of the Revolving Credit Commitments and the
principal amount of all Term Loans then outstanding and (c) after the Revolving Credit Termination Date, more than fifty percent (50%) of the sum of the aggregate Revolving Credit Outstandings and the principal amount of all Term Loans
then outstanding. A Non-Funding Lender shall not be included in the calculation of “Requisite Lenders.” 
 “Requisite Revolving Credit Lenders” means, collectively, Revolving Credit Lenders having more than fifty percent (50%) of the aggregate outstanding amount of the Revolving Credit
Commitments or, after the Revolving Credit Termination Date, more than fifty percent (50%) of the aggregate Revolving Credit Outstandings. A Non-Funding Lender shall not be included in the calculation of “Requisite Revolving Credit
Lenders.” 
 “Requisite Term Loan Lenders” means, collectively, Term Loan Lenders
having more than fifty percent (50%) of the principal amount of all Term Loans then outstanding. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Responsible Officer” means, with respect to any
Person, any of the principal executive officers, managing members or general partners of such Person but, in any event, with respect to financial matters, the chief financial officer, treasurer or controller of such Person. 
 “Restricted Payment” means (a) any dividend, distribution or any other payment whether direct or
indirect, on account of any Stock or Stock Equivalent of the Borrower or any of its Subsidiaries now or hereafter outstanding and (b) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct
or indirect, of any Stock or Stock Equivalent of the Borrower or any of its Subsidiaries now or hereafter outstanding. 
 “Revolving Credit Borrowing” means a borrowing consisting of Revolving Loans made on the same day by the Revolving Credit Lenders ratably according to their respective Revolving Credit Commitments. 
 “Revolving Credit Commitment” means, with respect to each Revolving Credit Lender, the commitment of such
Revolving Credit Lender to make Revolving Loans and acquire interests in other Revolving Credit Outstandings in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Revolving Credit Lender’s name on
Schedule I (Commitments) under the caption “Revolving Credit Commitment,” as amended to reflect each Assignment and Acceptance executed by such Revolving Credit Lender and as such amount may be reduced pursuant to this
Agreement. 
 “Revolving Credit Facility” means the Revolving Credit Commitments and the
provisions herein related to the Revolving Loans, Swing Loans and Letters of Credit. 
 “Revolving
Credit Lender” means each Lender that (a) has a Revolving Credit Commitment, (b) holds a Revolving Loan or (c) participates in any Letter of Credit. 
 “Revolving Credit Note” means a promissory note of the Borrower payable to the order of any Revolving Credit Lender in a principal amount equal to the amount of such
Revolving Credit Lender’s Revolving Credit Commitment evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Loans owing to such Revolving Credit Lender. 
 “Revolving Credit Outstandings” means, at any particular time, the sum of (a) the principal amount of
the Revolving Loans outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time. 
 “Revolving Credit Termination Date” shall mean the earliest of (a) the Scheduled Termination Date,
(b) the date of termination of all of the Revolving Credit Commitments pursuant to Section 2.5 (Reduction and Termination of Commitments) and (c) the date on which the Obligations become due and payable pursuant to
Section 9.2 (Remedies). 
 “Revolving Loan” has the meaning specified in
Section 2.1 (The Commitments). 
 “Rights Offering” means any offer to the
Borrower’s existing equity holders, by or on behalf of the Borrower of any rights to purchase Stock or Stock Equivalents in the Borrower, including any such Stock or Stock Equivalents purchased or assumed by a financial intermediary in
connection with a standby commitment or similar arrangement. 
 “RP Certificate” means a
certificate of a Responsible Officer of the Borrower, in a form satisfactory to the Administrative Agent, setting forth in reasonable detail the source of proceeds used for a Restricted Payment pursuant to Section 8.5(c), (d) or
(e) (Restricted Payments) or a payment of Indebtedness pursuant to Section 8.6(b)(vii) (Prepayment and Cancellation of Indebtedness) including, in the case of such payments made in reliance on the Annual RP Amount or the
Cumulative RP Amount, the amount of Excess Cash Flow and corresponding Fiscal Year used in connection therewith. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “S&P” means Standard & Poor’s Rating
Services, a division of The McGraw-Hill Companies, Inc. 
 “Sarbanes-Oxley Act” means the
United States Sarbanes-Oxley Act of 2002. 
 “Scheduled Termination Date” means April 3,
2012. 
 “Second Amendment” means that certain Second Amendment to the Amended and Restated
Credit Agreement, dated as of September 28, 2009, among the Borrower, the Loan Parties, the Administrative Agent and the Collateral Agent. 
 “Second Amendment Effective Date” has the meaning specified in the Second Amendment. 
 “Secured Obligations” means, in the case of the Borrower, the Obligations, and, in the case of any other Loan Party, the obligations of such Loan Party under the Guaranty and the other
Loan Documents to which it is a party. 
 “Secured Parties” means the Lenders, the Issuers, the
Administrative Agent and any other holder of any Secured Obligation. 
 “Securities Account”
has the meaning given to such term in the UCC. 
 “Securities Account Control Agreement” has
the meaning specified in the Pledge and Security Agreement. 
 “Security” means any Stock,
Stock Equivalent, voting trust certificate, bond, debenture, note or other evidence of Indebtedness, whether secured, unsecured, convertible or subordinated, or any certificate of interest, share or participation in, any temporary or interim
certificate for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing, but shall not include any evidence of the Obligations. 
 “Selling Lender” has the meaning specified in Section 11.7 (Sharing of Payments, Etc.). 
 “Solvent” means, with respect to any Person as of any date of determination, that, as of such date,
(a) the value of the assets of such Person (both at fair value and present fair saleable value) is greater than the total amount of liabilities (including contingent and unliquidated liabilities) of such Person, (b) such Person is able to
pay all liabilities of such Person as such liabilities mature and (c) such Person does not have unreasonably small capital. In computing the amount of contingent or unliquidated liabilities at any time, such liabilities shall be computed at the
amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 
 “Special Purpose Vehicle” means any special purpose funding vehicle identified as such in writing by any Lender to the Administrative Agent. 
 “Specified Representations” means the representations and warranties in Sections 4.1 (Corporate
Existence; Compliance with Law), 4.2 (Corporate Power; Authorization; Enforceable Obligations), 4.7 (Litigation), 4.10 (Margin Regulations), 4.11 (No Burdensome Restrictions), 4.12 (Investment Company Act) and 4.23 (Security Documents).

 “Stock” means shares of capital stock (whether denominated as common stock or preferred
stock), beneficial, partnership or membership interests, participations or other equivalents (regardless of how designated) of or in a corporation, partnership, limited liability company or equivalent entity, whether voting or non-voting.

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Stock Equivalents” means all securities convertible
into or exchangeable for Stock and all warrants, options or other rights to purchase or subscribe for any Stock, whether or not presently convertible, exchangeable or exercisable. 
 “Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company or
other business entity of which an aggregate of 50% or more of the outstanding Voting Stock is, at the time, directly or indirectly, owned or controlled by such Person or one or more Subsidiaries of such Person. 
 “Subsidiary Guaranty Requirements” means, the entering by a Subsidiary of the Borrower into a
“Guaranty Supplement” (as such term is defined in the Guaranty), a joinder agreement to the Pledge and Security Agreement and all other Collateral Documents required by Sections 7.11 (Additional Collateral and Guaranties) and
7.14 (Real Property) and the delivery to the Administrative Agent of such legal opinions in connection therewith which are, in each case, in form and substance and from counsel reasonably satisfactory to the Administrative Agent. 

“Substitute Institution” has the meaning specified in Section 2.17 (Substitution of
Lenders). 
 “Substitution Notice” has the meaning specified in Section 2.17
(Substitution of Lenders). 
 “Swing Loan” has the meaning specified in Section 2.3
(Swing Loans). 
 “Swing Loan Lender” means Credit Suisse or any other Revolving Credit
Lender that becomes the Administrative Agent or agrees, with the approval of the Administrative Agent and the Borrower, to act as the Swing Loan Lender hereunder, in each case in its capacity as the Swing Loan Lender hereunder. 
 “Swing Loan Request” has the meaning specified in Section 2.3(b) (Swing Loans). 
 “Swing Loan Sublimit” means $3,000,000. 
 “Target” has the meaning specified in the recitals to this Agreement. 
 “Target Material Adverse Effect” means any event, change, circumstance, effect or state of facts that
(i) is or would reasonably be expected to be materially adverse to the business, financial condition, operations, assets, liabilities or results of operations of the Target and its Subsidiaries, taken as a whole; provided, however,
that a Target Material Adverse Effect under this clause (i) shall not include the effect of any event, change, circumstance, effect or state of facts arising out of or attributable to any of the following: (1) matters affecting the
telecommunications industry generally, including the multi-channel video programming distribution, voice communications (including voice over internet protocol) or high speed internet services industries, that do not affect the Target’s
business disproportionately as compared to other similarly situated participants in the telecommunications industry, (2) the public announcement of the Merger Agreement or the fact that the Merger Agreement will be consummated, (3) any
changes in general economic or financial conditions or markets that do not affect the Target’s business disproportionately as compared to other similarly situated participants in the telecommunications industry or (4) any changes in
federal or state laws that do not affect the Target’s business disproportionately as compared to other similarly situated participants in the telecommunications industry or (ii) has prevented, materially impaired or materially delayed, or
could reasonably be expected to prevent, materially impair or materially delay, the ability of the Target or any Subsidiary to perform its obligations under Merger Agreement or to consummate the transactions contemplated hereby. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 “Tax Affiliate” means, with respect to any Person,
(a) any Subsidiary of such Person and (b) any Affiliate of such Person with which such Person files or is eligible to file consolidated, combined or unitary tax returns. 
 “Tax Return” has the meaning specified in Section 4.8(a) (Taxes). 
 “Taxes” has the meaning specified in Section 2.16(a) (Taxes). 
 “Term Facility Increase” shall have the meaning specified in Section 2.1(c). 
 “Term Facility Increase Date” shall have the meaning specified in Section 2.1(c). 

“Term Facility Increase Notice” shall mean a notice from the Borrower to the Administrative Agent
requesting a Term Facility Increase, which may include any proposed term and condition for such proposed Term Facility Increase but shall include in any event the amount of such proposed Term Facility Increase. 
 “Term Loan” means each of the Existing Term Loans and the Extended Term Loans. 
 “Term Loan Borrowing” means each Existing Term Loan Borrowing and each Extended Term Loan Borrowing.

 “Term Loan Commitment” means, with respect to each Term Loan Lender, the commitment of such
Lender on the Original Effective Date to make Term Loans to the Borrower in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule I (Commitments) under the caption
“Term Loan Commitment” on such date. 
 “Term Loan Facility” means,
collectively, the Existing Term Loan Facility and the Extended Term Loan Facility. 
 “Term Loan
Lender” means each Lender that holds a Term Loan. 
 “Term Loan Note” means a
promissory note of the Borrower payable to the order of any Term Loan Lender in a principal amount equal to the amount of the Term Loan owing to such Lender. 
 “Ticking Fee Rate” has the meaning specified in Section 2.12(c) (Fees). 
 “Title IV Plan” means a pension plan, other than a Multiemployer Plan, covered by Title IV of ERISA and to which the Borrower, any of its Subsidiaries or any ERISA
Affiliate has any obligation or liability, contingent or otherwise. 
 “Transactions” has the
meaning specified in the recitals to this Agreement. 
 “Transaction Costs” has the meaning
specified in the recitals to this Agreement. 
 “UCC” has the meaning specified in the Pledge
and Security Agreement. 
 “Unfunded Pension Liability” means, with respect to the Borrower or
any of its Subsidiaries at any time, the sum of (a) the amount, if any, by which the present value of all accrued benefits under each Title IV Plan (other than any Title IV Plan subject to Section 4063 of ERISA) exceeds the fair market
value of all assets of such Title IV Plan allocable to such benefits in accordance with Title IV of ERISA, as determined as of the most recent valuation date for such Title IV Plan using the actuarial assumptions in effect under such Title IV Plan,
(b) the aggregate amount of withdrawal liability that could

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
be assessed under Section 4063 with respect to each Title IV Plan subject to such section, separately calculated for each such Title IV Plan as of its most recent valuation date and
(c) for a period of five years following a transaction reasonably likely to be covered by Section 4069 of ERISA, the liabilities (whether or not accrued) that could be avoided by the Borrower, any of its Subsidiaries or any ERISA Affiliate
as a result of such transaction. 
 “Unused Commitment Fee” has the meaning specified in
Section 2.12(a) (Fees). 
 “U.S. Lender” means each Lender or Issuer (or the
Administrative Agent) that is a Domestic Person. 
 “Voting Stock” means Stock of any Person
having ordinary power to vote in the election of members of the board of directors, managers, trustees or other controlling Persons, of such Person (irrespective of whether, at the time, Stock of any other class or classes of such entity shall have
or might have voting power by reason of the happening of any contingency). 
 “Wholly-Owned
Subsidiary” of any Person means any Subsidiary of such Person, all of the Stock of which (other than director’s qualifying shares, as may be required by law) is owned by such Person, either directly or indirectly through one or more
Wholly-Owned Subsidiaries of such Person. 
 “Withdrawal Liability” means, with respect to the
Borrower or any of its Subsidiaries at any time, the aggregate liability incurred (whether or not assessed) with respect to all Multiemployer Plans pursuant to Section 4201 of ERISA or for increases in contributions required to be made pursuant
to Section 4243 of ERISA. 
 “Working Capital” means, for any Person at any date, the
amount, if any, by which the Consolidated Current Assets of such Person at such date exceeds the Consolidated Current Liabilities of such Person at such date. 
 Section 1.2         Computation of Time Periods 
 In this Agreement, in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including”
and the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including.” 
 Section 1.3         Accounting Terms and Principles 
 (a)         Except as set forth below, all accounting terms not specifically defined
herein shall be construed in conformity with GAAP and all accounting determinations required to be made pursuant hereto (including for purpose of measuring compliance with Article V (Financial Covenants) shall, unless expressly
otherwise provided herein, be made in conformity with GAAP. 
 (b)         If any change in the accounting principles used in the preparation of the most recent Financial Statements referred to in Section 6.1 (Financial Statements) is hereafter
required or permitted by the rules, regulations, pronouncements and opinions of the Financial Accounting Standards Board or the American Institute of Certified Public Accountants (or any successors thereto) and such change is adopted by the Borrower
with the agreement of the Borrower’s Accountants and results in a change in any of the calculations required by Article V (Financial Covenants) or VIII (Negative Covenants) that would not have resulted had such
accounting change not occurred, the parties hereto agree to enter into negotiations in order to amend such provisions so as to equitably reflect such change such that the criteria for evaluating compliance with such covenants by the Borrower shall
be the same after such change as if such change had not been made; provided, however, that no change in GAAP that would affect a calculation that measures compliance with any covenant contained in Article V (Financial
Covenants) or VIII (Negative Covenants) shall be given effect until such provisions are amended to reflect such changes in GAAP. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (c)         For purposes of
making all financial calculations to determine compliance with Article V (Financial Covenants), all components of such calculations shall be adjusted to include or exclude, as the case may be, without duplication, such components
of such calculations attributable to any business or assets that have been acquired by the Borrower or any of its Subsidiaries (other than the Acquisition of the Target), including through Permitted Acquisitions, after the first day of the
applicable period of determination and prior to the end of such period, as determined in good faith by the Borrower utilizing Permitted Pro Forma Adjustments. 
 Section 1.4         Conversion of Foreign Currencies 
 (a)         Financial Covenant Debt. Financial Covenant Debt denominated in any currency other than Dollars shall be calculated using
the Dollar Equivalent thereof as of the date of the Financial Statements on which such Financial Covenant Debt is reflected. 
 (b)         Dollar Equivalents. The Administrative Agent shall determine the Dollar Equivalent of any amount as required hereby, and a determination thereof
by the Administrative Agent shall be conclusive absent manifest error. The Administrative Agent may, but shall not be obligated to, rely on any determination made by any Loan Party in any document delivered to the Administrative Agent. The
Administrative Agent may determine or redetermine the Dollar Equivalent of any amount on any date either in its own discretion or upon the request of any Lender or Issuer. 
 (c)         Rounding-Off. The Administrative Agent may set up appropriate rounding off mechanisms or otherwise round-off amounts
hereunder to the nearest higher or lower amount in whole Dollar or cent to ensure amounts owing by any party hereunder or that otherwise need to be calculated or converted hereunder are expressed in whole Dollars or in whole cents, as may be
necessary or appropriate. 
 Section 1.5         Certain
Terms 
 (a)         The terms “herein,”
“hereof,” “hereto” and “hereunder” and similar terms refer to this Agreement as a whole and not to any particular Article, Section, subsection or clause in, this Agreement. 
 (b)         Unless otherwise expressly indicated herein, (i) references in this
Agreement to an Exhibit, Schedule, Article, Section, clause or sub-clause refer to the appropriate Exhibit or Schedule to, or Article, Section, clause or sub-clause in this Agreement and (ii) the words “above” and
“below”, when following a reference to a clause or a sub-clause of any Loan Document, refer to a clause or sub-clause within, respectively, the same Section or clause. 
 (c)         Each agreement defined in this Article I shall include all
appendices, exhibits and schedules thereto. Unless the prior written consent of the Requisite Lenders is required hereunder for an amendment, restatement, supplement or other modification to any such agreement and such consent is not obtained,
references in this Agreement to such agreement shall be to such agreement as so amended, restated, supplemented or modified. 
 (d)         References in this Agreement to any statute shall be to such statute as amended or modified from time to time and to any successor legislation thereto,
in each case as in effect at the time any such reference is operative. 
 (e)         The term “including” when used in any Loan Document means “including without limitation” except when used in the computation of time periods. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (f)         The terms
“Lender,” “Issuer” and “Administrative Agent” include their respective successors. 
 (g)         Upon the appointment of any successor Administrative Agent pursuant to Section 10.7 (Successor Agent), references to Credit Suisse in
Section 10.4 (The Agents Individually) in the definitions of Base Rate, Dollar Equivalent, and Eurodollar Rate shall be deemed to refer to the financial institution then acting as the Administrative Agent or one of its Affiliates
if it so designates. 
 ARTICLE II 
 THE FACILITIES 
 Section
2.1         The Commitments 
 (a)         Revolving Credit Commitments. On the terms and subject to the conditions contained in this Agreement, each Revolving Credit Lender severally agrees to make loans in Dollars (each a
“Revolving Loan”) to the Borrower from time to time on any Business Day during the period from the Second Amendment Effective Date until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding
for all such loans by such Revolving Credit Lender not to exceed such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that at no time shall any Revolving Credit Lender be obligated to make a Revolving
Loan in excess of such Revolving Credit Lender’s Ratable Portion of the Available Credit. Within the limits of the Revolving Credit Commitment of each Revolving Credit Lender, amounts of Revolving Loans repaid may be reborrowed under this
Section 2.1. 
 (b)         Term Loans. 

(i)         Initial Term Loans. On the Original Effective
Date, the Initial Term Loan Lenders made loans (each an “Initial Term Loan”) in Dollars to the Borrower in an aggregate principal amount of $555,000,000. Amounts of Initial Term Loans repaid or prepaid may not be reborrowed.

 (ii)         Incremental Term Loans. On the
First Amendment Effective Date, the Incremental Term Loan Lenders made loans (each an “Incremental Term Loan”) in Dollars to the Borrower in an aggregate principal amount of $59,000,000. Amounts of Incremental Term Loans repaid or
prepaid may not be reborrowed. 
 (iii)        
Extended Term Loans. On the Second Amendment Effective Date, the Existing Term Loans of the Extending Term Lenders (as defined in the Second Amendment) shall be deemed “Extended Term Loans” hereunder. Amounts of Extended Term
Loans repaid or prepaid may not be reborrowed. 
 (c)         Term
Facility Increase. Each Lender (or Affiliate or Approved Fund thereof) or Eligible Assignee having, in its sole discretion, committed to a Term Facility Increase shall agree as part of such commitment that, on the Facility Increase Date for such
Term Facility Increase, on the terms and subject to the conditions set forth in, or as otherwise agreed to in connection with, its commitment therefor or as set forth in any amendment to this Agreement in connection with such Term Facility Increase
(subject in each case to clause (iv) below), such Lender, Affiliate, Approved Fund or Eligible Assignee shall make a Loan in Dollars to the Borrower in an amount not to exceed such commitment to such Term Facility Increase. 
 (i)         The Borrower shall have the right to send to the
Administrative Agent, after the Second Amendment Effective Date, one or more Term Facility Increase Notices to request (each, a “Term Facility Increase”) one or more tranches of term loans (the “New

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
Incremental Term Loans”) in a principal amount not to exceed $41,000,000 (the “New Incremental Term Loan Cap”) in the aggregate for all such Term Facility Increases
and in increments of not less than $25,000,000 (or the remaining amount of the Incremental Term Loans permitted pursuant to this clause (c)(i), if less than $25,000,000); provided, however that the New Incremental Term Loan Cap shall
not apply to any New Incremental Term Loans the proceeds of which are used to prepay the Existing Term Loans (“New Incremental Term Loan Refinancing”) in accordance with Section 2.8 (Optional Prepayments) and any cash
fees and transaction expenses (other than interest expenses) related to the incurrence of such New Incremental Term Loan Refinancing; provided, further, that (i) no Term Facility Increase shall be requested later than one year
prior to the Extended Term Loan Maturity Date, (ii) no Term Facility Increase shall become effective earlier than 10 days after the delivery of the Term Facility Increase Notice to the Administrative Agent in respect of such New Incremental
Term Loans, (iii) after giving pro forma effect to the New Incremental Term Loans made on the applicable Term Facility Increase Date, as of the date of the most recent financial statements delivered pursuant to Section 6.1,
the Borrower shall be in compliance with the financial covenants contained in Sections 5.1 and 5.2 and the Borrower shall provide the Administrative Agent such financial information as the Administrative Agent shall reasonably request to
demonstrate compliance with this clause (iii) and (iv) no more than two Term Facility Increases shall be made pursuant to this clause (c) other than in respect of any Term Facility Increase constituting a New Incremental Term
Loan Refinancing. Nothing in this Agreement shall be construed to obligate any Lender to negotiate for (whether or not in good faith), solicit, provide or commit to provide any Term Facility Increase, and any such Term Facility Increase may be
subject to changes in any term herein. 
 (ii)        
The Administrative Agent shall promptly notify each Lender of the proposed Term Facility Increase and of the proposed terms and conditions therefor agreed between the Borrower and the Administrative Agent. Each such Lender (and each of their
Affiliates and Approved Funds) may, in its sole discretion, commit to participate in such Term Facility Increase by forwarding its commitment to the Administrative Agent therefor in form and substance reasonably satisfactory to the Administrative
Agent and such Lender (or such Affiliate or Approved Fund, as applicable). The Administrative Agent shall allocate, in its sole discretion but in amounts not to exceed for each such Lender the commitment received from such Lender, Affiliate or
Approved Fund, the New Incremental Term Loans to be made as part of the Term Facility Increase to the Lenders from which it has received such written commitments. The Administrative Agent may receive commitments from existing Lenders or their
Affiliates or Approved Funds and Eligible Assignees (other than any Affiliate of the Borrower) in connection with such Term Facility Increase. Notwithstanding the foregoing, the Borrower may, with the consent of the Administrative Agent, which such
consent shall not be unreasonably withheld or delayed, invite Persons that are not currently Lenders (or Affiliates of Lenders) to provide all or a portion of the Term Facility Increase. 
 (iii)         Each Term Facility Increase shall become effective on
a date agreed by the Borrower and the Administrative Agent (each a “Term Facility Increase Date”), which shall be in any case on or after the date of satisfaction of the conditions precedent set forth in Section 3.3. The
Administrative Agent shall notify the Lenders and the Borrower, on or before 1:00 P.M. (New York City time) on the Business Day following the Term Facility Increase Date of the effectiveness of the Term Facility Increase and shall record in the
Register all applicable additional information in respect of such Term Facility Increase. 
 (iv)         The New Incremental Term Loans (i) shall rank pari passu in right of payment with the Term Loans and all other New Incremental Term Loans, (ii) shall not have a final
maturity earlier than the Extended Term Loan Maturity Date and shall be repaid on such Business Day, (iii) shall amortize at 1% per year (with the remainder payable at maturity), (iv) if the Term Facility Increase (a) is more
than $20,000,000 and does not constitute a New

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
Incremental Term Loan Refinancing (in full or in part), the applicable margin with respect to such New Incremental Term Loans (after giving effect to any original issue discount) will be no more
than 0.50% greater than the Extended Term Loan Applicable Margin (after giving effect to any original issue discount) or (b) constitutes a New Incremental Term Loan Refinancing (in full or in part), the applicable margin with respect to such
Incremental Term Loans (after giving effect to any original issue discount) will be no more than 0.25% greater than the Extended Term Loan Applicable Margin (after giving effect to any original issue discount) and (vi) except for any
differences permitted hereby, shall have the same terms and conditions as the Extended Term Loans (it being understood that New Incremental Term Loans may be made as part of the existing tranche of the Extended Term Loans). 
 (d)         Incremental Term Loan. 
 (i)         Each Incremental Term Loan made pursuant to this
subsection (d) shall bear interest on the unpaid principal amount thereof from the date such Incremental Term Loans are made until paid in full, except as otherwise provided in Section 2.10(c) (Interest), as follows:

 (A)         if a Base Rate Loan, at a rate per annum
equal to the sum of (A) the Base Rate as in effect from time to time plus (B) the Incremental Term Loan Applicable Margin; and 
 (B)         if a Eurodollar Rate Loan, at a rate per annum equal to the sum of (A) the Eurodollar Rate determined for the applicable
Interest Period plus (B) the Incremental Term Loan Applicable Margin in effect from time to time during such Eurodollar Interest Period. 
 (ii)         The Borrower promises to repay the Incremental Term Loans made pursuant to this subsection (d) on the first Business
Day following each Fiscal Quarter set forth below in the amounts set forth below: 
  

			
	  Date
  
	  	 Incremental Term Loan  Payment Amount
  

	 September 30, 2009
	  	$82,494.66
	 December 31, 2009
	  	$82,494.66
	 March 31, 2010
	  	$82,494.66
	 June 30, 2010
	  	$82,494.66
	 September 30, 2010
	  	$82,494.66
	 December 31, 2010
	  	$82,494.66
	 March 31, 2011
	  	$82,494.66
	 June 30, 2011
	  	$82,494.66
	 September 30, 2011
	  	$82,494.66
	 December 31, 2011
	  	$82,494.66
	 March 31, 2012
	  	$82,494.66
	 Initial Term Loan Maturity Date
	  	$32,090,421.56

 (iii)        
Each Incremental Term Loan made pursuant to this subsection (d), shall mature on the Initial Term Loan Maturity Date. 
 Except as otherwise provided in this subsection (d), each Incremental Term Loan that is made pursuant to this subsection (d) shall, for all other purposes of this Agreement, be
considered an “Existing Term Loan” as such term is defined in this Agreement. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (e)         Extended Term
Loans. 
 (i)         Each Extended Term Loan made
pursuant to this subsection (d) shall bear interest on the unpaid principal amount thereof from the Second Amendment Effective Date until such Extended Term Loans are paid in full, except as otherwise provided in Section 2.10(c)
(Interest), as follows: 
 (A)         if a Base
Rate Loan, at a rate per annum equal to the sum of (A) the Base Rate as in effect from time to time plus (B) the Extended Term Loan Applicable Margin; and 
 (B)         if a Eurodollar Rate Loan, at a rate per annum equal to
the sum of (A) the Eurodollar Rate determined for the applicable Interest Period plus (B) the Extended Term Loan Applicable Margin in effect from time to time during such Eurodollar Interest Period. 
 (ii)         The Borrower promises to repay the Extended Term Loans
on the first Business Day following each Fiscal Quarter set forth below in the amounts set forth below: 
  

			
	 Date
  
	  	 Extended Term
Loan Payment
Amount
  

	 September 30, 2009
	  	$991,943.02
	 December 31, 2009
	  	$991,943.02
	 March 31, 2010
	  	$991,943.02
	 June 30, 2010
	  	$991,943.02
	 September 30, 2010
	  	$991,943.02
	 December 31, 2010
	  	$991,943.02
	 March 31, 2011
	  	$991,943.02
	 June 30, 2011
	  	$991,943.02
	 September 30, 2011
	  	$991,943.02
	 December 31, 2011
	  	$991,943.02
	 March 31, 2012
	  	$991,943.02
	 June 30, 2012
	  	$991,943.02
	 September 30, 2012
	  	$991,943.02
	 December 31, 2012
	  	$991,943.02
	 March 31, 2013
	  	$991,943.02
	 June 30, 2013
	  	$991,943.02
	 September 30, 2013
	  	$991,943.02
	 December 31, 2013
	  	$991,943.02
	 March 31, 2014
	  	$991,943.02
	 Extended
Term Loan Maturity Date
	  	$377,930,289.77

 (iii)
        Each Extended Term Loan shall mature on the Extended Term Loan Maturity Date. 
 Except as otherwise provided in this subsection (e), each Extended Term Loan shall, for all other purposes of this Agreement, be considered a “Term Loan” as such term is defined in
this Agreement. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 2.2
        Borrowing Procedures 
 (a)         Each Borrowing shall be made on notice given by the Borrower to the Administrative Agent not later than 11:00 a.m. (New York time) (i) one Business Day, in the case of a Borrowing of
Base Rate Loans and (ii) three Business Days, in the case of a Borrowing of Eurodollar Rate Loans, prior to the date of the proposed Borrowing. Each such notice shall be in substantially the form of Exhibit C (Form of Notice of
Borrowing) (a “Notice of Borrowing”), specifying, (A) the date of such proposed Borrowing (which, in the case of any Term Loan Borrowing that is made as part of a Term Facility Increase, shall be the Term Facility Increase
Date for such Term Facility Increase), (B) the aggregate amount of such proposed Borrowing, (C) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (D) for each Eurodollar Rate Loan, the
initial Interest Period or Periods thereof. Loans shall be made as Base Rate Loans unless, subject to Section 2.14 (Special Provisions Governing Eurodollar Rate Loans), the Notice of Borrowing specifies that all or a portion
thereof shall be Eurodollar Rate Loans and (E) remittance instructions. Notwithstanding anything to the contrary contained in Section 2.3(a) (Swing Loans), if any Notice of Borrowing requests a Borrowing of Base Rate Loans,
the Administrative Agent may make a Swing Loan available to the Borrower in an aggregate amount not to exceed such proposed Borrowing, and the aggregate amount of the corresponding proposed Borrowing shall be reduced accordingly by the principal
amount of such Swing Loan. Each Borrowing (other than a Swing Loan) shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. 
 (b)         The Administrative Agent shall give to each Lender prompt notice of the
Administrative Agent’s receipt of a Notice of Borrowing and, if Eurodollar Rate Loans are properly requested in such Notice of Borrowing, the applicable interest rate determined pursuant to Section 2.14(a) (Determination of
Interest Rate). Each Lender shall, before 1:00 p.m. (New York time) on the date of the proposed Borrowing, make available to the Administrative Agent at its address referred to in Section 11.8 (Notices, Etc.), in immediately
available funds, such Lender’s Ratable Portion of such proposed Borrowing. Upon fulfillment (or due waiver in accordance with Section 11.1 (Amendments, Waivers, Etc.)) (i) on the Original Effective Date, of the
applicable conditions set forth in Section 3.1 (Conditions Precedent to Initial Loans and Letters of Credit) and (ii) at any time (including the Original Effective Date), of the applicable conditions set forth in
Section 3.2 (Conditions Precedent to Each Loan and Letter of Credit), and after the Administrative Agent’s receipt of such funds, the Administrative Agent shall make such funds available to the Borrower. 
 (c)         Unless the Administrative Agent shall have received notice from a Lender
on or prior to the date of any proposed Borrowing that such Lender will not make available to the Administrative Agent such Lender’s Ratable Portion of such Borrowing (or any portion thereof), the Administrative Agent may assume that such
Lender has made such Ratable Portion available to the Administrative Agent on the date of such Borrowing in accordance with this Section 2.2 and the Administrative Agent may, in reliance upon such assumption, make available to the
Borrower on such date a corresponding amount. If and to the extent that such Lender shall not have so made such Ratable Portion available to the Administrative Agent, such Lender and the Borrower severally agree to repay to the Administrative Agent
forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Administrative Agent, at (i) in the case of the
Borrower, the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of such Lender, the Federal Funds Rate for the first Business Day and, thereafter, at the interest rate applicable at the time to the
Loans comprising such Borrowing. If such Lender shall repay to the Administrative Agent such corresponding amount, such corresponding amount so repaid shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement.
If the Borrower shall repay to the Administrative Agent such corresponding amount, such payment shall not relieve such Lender of any obligation it may have hereunder to the Borrower. 
 (d)         The failure of any Lender to make on the date specified any Loan or any
payment required by it (such Lender being a “Non-Funding Lender”), including any payment in respect of its participation in Swing Loans and Letter of Credit Obligations, shall not relieve any other Lender of its

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
obligations to make such Loan or payment on such date but no such other Lender shall be responsible for the failure of any Non-Funding Lender to make a Loan or payment required under this
Agreement. 
 Section 2.3         Swing Loans 

(a)         On the terms and subject to the conditions contained in this
Agreement, the Swing Loan Lender may, in its sole discretion, make, in Dollars, loans (each a “Swing Loan”) otherwise available to the Borrower under the Revolving Credit Facility from time to time on any Business Day during the
period from the Original Effective Date until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding (together with the aggregate outstanding principal amount of any other Loan made by the Swing Loan Lender
hereunder in its capacity as a Lender or the Swing Loan Lender) not to exceed the lesser of the Available Credit and the Swing Loan Sublimit. Each Swing Loan shall be a Base Rate Loan and shall be repaid no later than the Revolving Credit
Termination Date. Within the limits set forth in the first sentence of this clause (a), amounts of Swing Loans repaid may be reborrowed under this clause (a). 
 (b)         In order to request a Swing Loan, the Borrower shall provide to the Swing Loan Lender a duly completed request in substantially
the form of Exhibit D (Form of Swing Loan Request), setting forth the requested amount and date of such Swing Loan (a “Swing Loan Request”). Subject to the terms of this Agreement, the Swing Loan Lender may make a
Swing Loan available to the Borrower on the date of the relevant Swing Loan Request. The Swing Loan Lender shall not make any Swing Loan in the period commencing on the first Business Day after it receives written notice from the Administrative
Agent or any Revolving Credit Lender that one or more of the conditions precedent contained in Section 3.2 (Conditions Precedent to Each Loan and Letter of Credit) shall not on such date be satisfied, and ending when such conditions are
satisfied. The Swing Loan Lender shall not otherwise be required to determine that, or take notice whether, the conditions precedent set forth in Section 3.2 (Conditions Precedent to Each Loan and Letter of Credit) have been satisfied in
connection with the making of any Swing Loan. 
 (c)         The Swing
Loan Lender may demand at any time that each Revolving Credit Lender pay to the Administrative Agent, for the account of the Swing Loan Lender, in the manner provided in clause (e) below, such Revolving Credit Lender’s Ratable
Portion of all or a portion of the outstanding Swing Loans, which demand shall be made through the Administrative Agent, shall be in writing and shall specify the outstanding principal amount of Swing Loans demanded to be paid. 
 (d)         The Administrative Agent shall forward each demand referred to in
clause (c) above to each Revolving Credit Lender on the day such demand is received by the Administrative Agent (except that any such demand received by the Administrative Agent after 2:00 p.m. (New York time) on any Business Day or any
such demand received on a day that is not a Business Day shall not be required to be forwarded to the Revolving Credit Lenders by the Administrative Agent until the next succeeding Business Day), together with a notice specifying the amount of each
Revolving Credit Lender’s Ratable Portion of the aggregate principal amount of the Swing Loans demanded to be paid pursuant to such demand, and, notwithstanding whether or not the conditions precedent set forth in Section 3.2
(Conditions Precedent to Each Loan and Letter of Credit) and 2.1(a) (Revolving Credit Commitments) shall have been satisfied (which conditions precedent the Revolving Credit Lenders hereby irrevocably waive), each Revolving Credit Lender
shall, before 11:00 a.m. (New York time) on the Business Day next succeeding the date of such Revolving Credit Lender’s receipt of such demand, make available to the Administrative Agent, in immediately available funds, for the account of the
Swing Loan Lender, the amount specified in such statement. Upon such payment by a Revolving Credit Lender, such Revolving Credit Lender shall, except as provided in clause (f) below, be deemed to have made a Revolving Loan to the
Borrower. The Administrative Agent shall use such funds to repay the Swing Loans to the Swing Loan Lender. To the extent that any Revolving Credit Lender fails to make such payment available to the Administrative Agent for the account of the Swing
Loan Lender, the Borrower shall repay such Swing Loan on demand. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (e)         Upon the occurrence
of a Default under Section 9.1(f) (Events of Default), each Revolving Credit Lender shall acquire, without recourse or warranty, an undivided participation in each Swing Loan otherwise required to be repaid by such Revolving Credit
Lender pursuant to clause (c) above, which participation shall be in a principal amount equal to such Revolving Credit Lender’s Ratable Portion of such Swing Loan, by paying to the Swing Loan Lender on the date on which such
Revolving Credit Lender would otherwise have been required to make a payment in respect of such Swing Loan pursuant to clause (c) above, in immediately available funds, an amount equal to such Revolving Credit Lender’s Ratable
Portion of such Swing Loan. If all or part of such amount is not in fact made available by such Revolving Credit Lender to the Swing Loan Lender on such date, the Swing Loan Lender shall be entitled to recover any such unpaid amount on demand from
such Revolving Credit Lender together with interest accrued from such date at the Federal Funds Rate for the first Business Day after such payment was due and, thereafter, at the rate of interest then applicable to Base Rate Loans. 
 (f)         From and after the date on which any Revolving Credit Lender (i) is
deemed to have made a Revolving Loan pursuant to clause (e) above with respect to any Swing Loan or (ii) purchases an undivided participation interest in a Swing Loan pursuant to clause (f) above, the Swing Loan Lender
shall promptly distribute to such Revolving Credit Lender such Revolving Credit Lender’s Ratable Portion of all payments of principal of and interest received by the Swing Loan Lender on account of such Swing Loan other than those received from
a Revolving Credit Lender pursuant to clause (e) or (f) above. 
 Section 2.4
        Letters of Credit 
 (a)
        On the terms and subject to the conditions contained in this Agreement, each Issuer agrees to Issue at the request of the Borrower and for the account of the Borrower one or more Letters of Credit from
time to time on any Business Day during the period commencing on the Original Effective Date and ending on the earlier of the Revolving Credit Termination Date and 30 days prior to the Scheduled Termination Date; provided, however,
that no Issuer shall be under any obligation to Issue (and, upon the occurrence of any of the events described in clauses (ii), (iii), (iv) and (vi)(A) below, shall not Issue) any Letter of Credit upon the occurrence
of any of the following: 
 (i)         any order,
judgment or decree of any Governmental Authority or arbitrator shall purport by its terms to enjoin or restrain such Issuer from Issuing such Letter of Credit or any Requirement of Law applicable to such Issuer or any request or directive (whether
or not having the force of law) from any Governmental Authority with jurisdiction over such Issuer shall prohibit, or request that such Issuer refrain from, the Issuance of letters of credit generally or such Letter of Credit in particular or shall
impose upon such Issuer with respect to such Letter of Credit any restriction or reserve or capital requirement (for which such Issuer is not otherwise compensated) not in effect on the date of this Agreement or result in any unreimbursed loss, cost
or expense that was not applicable, in effect or known to such Issuer as of the date of this Agreement and that such Issuer in good faith deems material to it; 
 (ii)         such Issuer shall have received any written notice of the type described in clause (d) below; 
 (iii)         after giving effect to the Issuance of such Letter of
Credit, the aggregate Revolving Credit Outstandings would exceed the aggregate Revolving Credit Commitments in effect at such time; 
 (iv)         after giving effect to the Issuance of such Letter of Credit, the sum of (A) the Letter of Credit Undrawn Amounts at such time and (B) the
Reimbursement Obligations at such time exceeds the Letter of Credit Sublimit; 
 (v)
        such Letter of Credit is requested to be denominated in any currency other than Dollars; or 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (vi)         (A)
any fees due in connection with a requested Issuance have not been paid, (B) such Letter of Credit is requested to be Issued in a form that is not acceptable to such Issuer or (C) the Issuer for such Letter of Credit shall not have
received, in form and substance reasonably acceptable to it and, if applicable, duly executed by such Borrower, applications, agreements and other documentation (collectively, a “Letter of Credit Reimbursement Agreement”) such
Issuer generally employs in the ordinary course of its business for the Issuance of letters of credit of the type of such Letter of Credit. 
 (b)         None of the Revolving Credit Lenders (other than the Issuers in their capacity as such) shall have any obligation to Issue any Letter of Credit.

 (c)         In no event shall the expiration date of any Letter of
Credit (i) be more than one year after the date of issuance thereof or (ii) be less than five Business Days prior to the Scheduled Termination Date; provided, however, that any Letter of Credit with a term less than or equal
to one year may provide for the renewal thereof for additional periods less than or equal to one year, as long as, (x) on or before the expiration of each such term and each such period, the Borrower and the Issuer of such Letter or Credit
shall have the option to prevent such renewal and (y) neither the Issuer nor the Borrower shall permit any such renewal to extend the expiration date of any Letter beyond the date set forth in clause (ii) above. 
 (d)         In connection with the Issuance of each Letter of Credit, the Borrower
shall give the relevant Issuer and the Administrative Agent at least two Business Days’ prior written notice, in substantially the form of Exhibit E (Form of Letter of Credit Request) (or in such other written or electronic
form as is acceptable to the Issuer), of the requested Issuance of such Letter of Credit (a “Letter of Credit Request”). Such notice shall be irrevocable and shall specify the Issuer of such Letter of Credit, face amount of the
Letter of Credit requested, the date of Issuance of such requested Letter of Credit, the date on which such Letter of Credit is to expire (which date shall be a Business Day) and, in the case of an issuance, the Person for whose benefit the
requested Letter of Credit is to be issued. Such notice, to be effective, must be received by the relevant Issuer and the Administrative Agent not later than 11:00 a.m. (New York time) on the second Business Day prior to the requested Issuance of
such Letter of Credit. 
 (e)         Subject to the satisfaction of the
conditions set forth in this Section 2.4, the relevant Issuer shall, on the requested date, Issue a Letter of Credit on behalf of the Borrower in accordance with such Issuer’s usual and customary business practices. No Issuer shall
Issue any Letter of Credit in the period commencing on the first Business Day after it receives written notice from any Revolving Credit Lender that one or more of the conditions precedent contained in Section 3.2 (Conditions Precedent to
Each Loan and Letter of Credit) or clause (a) above (other than those conditions set forth in clauses (a)(i), (a)(vi)(B) and (C) above and, to the extent such clause relates to fees owing to the Issuer of
such Letter of Credit and its Affiliates, clause (a)(vi)(A) above) are not on such date satisfied or duly waived and ending when such conditions are satisfied or duly waived. No Issuer shall otherwise be required to determine that, or take
notice whether, the conditions precedent set forth in Section 3.2 (Conditions Precedent to Each Loan and Letter of Credit) have been satisfied in connection with the Issuance of any Letter of Credit. 
 (f)         The Borrower agrees that, if requested by the Issuer of any Letter of
Credit, it shall execute a Letter of Credit Reimbursement Agreement in respect to any Letter of Credit Issued hereunder. In the event of any conflict between the terms of any Letter of Credit Reimbursement Agreement and this Agreement, the terms of
this Agreement shall govern. 
 (g)         Each Issuer shall comply
with the following: 
 (i)         give the
Administrative Agent written notice (or telephonic notice confirmed promptly thereafter in writing), which writing may be a telecopy, of the Issuance of any Letter of Credit Issued by it, of all drawings under any Letter of Credit Issued by it and
of the payment (or the failure to pay when due) by the Borrower of any Reimbursement Obligation when due (which notice the Administrative Agent shall promptly transmit by telecopy to each Revolving Credit Lender); 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (ii)
        upon the request of any Revolving Credit Lender, furnish to such Revolving Credit Lender copies of any Letter of Credit Reimbursement Agreement to which such Issuer is a party and such other
documentation as may reasonably be requested by such Revolving Credit Lender; and 
 (iii)
        on the first Business Day of each Fiscal Quarter, provide to the Administrative Agent (and the Administrative Agent shall provide a copy to each Revolving Credit Lender requesting the same) and the
Borrower separate schedules for Letters of Credit issued by it, in form and substance reasonably satisfactory to the Administrative Agent, setting forth the aggregate Letter of Credit Obligations, in each case outstanding at the end of such Fiscal
Quarter and any information requested by the Borrower or the Administrative Agent relating thereto. 
 (h)
        Immediately upon the issuance by an Issuer of a Letter of Credit in accordance with the terms and conditions of this Agreement, such Issuer shall be deemed to have sold and transferred to each
Revolving Credit Lender, and each Revolving Credit Lender shall be deemed irrevocably and unconditionally to have purchased and received from such Issuer, without recourse or warranty, an undivided interest and participation, to the extent of such
Revolving Credit Lender’s Ratable Portion of the Revolving Credit Commitments, in such Letter of Credit and the obligations of the Borrower with respect thereto (including all Letter of Credit Obligations with respect thereto) and any security
therefor and guaranty pertaining thereto. 
 (i)         The Borrower
agrees to pay to the Issuer of any Letter of Credit the amount of all Reimbursement Obligations owing to such Issuer under any Letter of Credit issued for its account no later than the date that is the next succeeding Business Day after the date
that payment has been made under such Letter of Credit (the “Reimbursement Date”) (as shall be notified in writing by such Issuer to the Borrower), irrespective of any claim, set-off, defense or other right that the Borrower may
have at any time against such Issuer or any other Person. In the event that any Issuer makes any payment under any Letter of Credit and the Borrower shall not have repaid such amount to such Issuer pursuant to this clause (h) or any such
payment by the Borrower is rescinded or set aside for any reason, such Reimbursement Obligation shall be payable on demand with interest thereon computed (i) from the date on which such Reimbursement Obligation arose to the Reimbursement Date,
at the rate of interest applicable during such period to Revolving Loans that are Base Rate Loans and (ii) from the Reimbursement Date until the date of repayment in full, at the rate of interest applicable during such period to past due
Revolving Loans that are Base Rate Loans, and such Issuer shall promptly notify the Administrative Agent, which shall promptly notify each Revolving Credit Lender of such failure, and each Revolving Credit Lender shall promptly and unconditionally
pay to the Administrative Agent for the account of such Issuer the amount of such Revolving Credit Lender’s Ratable Portion of such payment in immediately available Dollars. If the Administrative Agent so notifies such Revolving Credit Lender
prior to 11:00 a.m. (New York time) on any Business Day, such Revolving Credit Lender shall make available to the Administrative Agent for the account of such Issuer its Ratable Portion of the amount of such payment on such Business Day in
immediately available funds. Upon such payment by a Revolving Credit Lender, such Revolving Credit Lender shall, except during the continuance of a Default or Event of Default under Section 9.1(f) (Events of Default) and notwithstanding
whether or not the conditions precedent set forth in Section 3.2 (Conditions Precedent to Each Loan and Letter of Credit) shall have been satisfied (which conditions precedent the Revolving Credit Lenders hereby irrevocably waive), be
deemed to have made a Revolving Loan to the Borrower in the principal amount of such payment. Whenever any Issuer receives from the Borrower a payment of a Reimbursement Obligation as to which the Administrative Agent has received for the account of
such Issuer any payment from a Revolving Credit Lender pursuant to this clause (h), such Issuer shall pay over to the Administrative Agent any amount received in excess of such Reimbursement Obligation and, upon receipt of such amount, the
Administrative Agent shall promptly pay over to each Revolving

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
Credit Lender, in immediately available funds, an amount equal to such Revolving Credit Lender’s Ratable Portion of the amount of such payment adjusted, if necessary, to reflect the
respective amounts the Revolving Credit Lenders have paid in respect of such Reimbursement Obligation. 
 (j)
        If and to the extent such Revolving Credit Lender shall not have so made its Ratable Portion of the amount of the payment required by clause (h) above available to the Administrative Agent
for the account of such Issuer, such Revolving Credit Lender agrees to pay to the Administrative Agent for the account of such Issuer forthwith on demand any such unpaid amount together with interest thereon, for the first Business Day after payment
was first due at the Federal Funds Rate and, thereafter, until such amount is repaid to the Administrative Agent for the account of such Issuer, at a rate per annum equal to the rate applicable to Base Rate Loans under the Facility.

 (k)         The Borrower’s obligation to pay each Reimbursement
Obligation and the obligations of the Revolving Credit Lenders to make payments to the Administrative Agent for the account of the Issuers with respect to Letters of Credit shall be absolute, unconditional and irrevocable and shall be performed
strictly in accordance with the terms of this Agreement, under any and all circumstances whatsoever, including the occurrence of any Default or Event of Default, and irrespective of any of the following: 
 (i)         any lack of validity or enforceability of any Letter of
Credit or any Loan Document, or any term or provision therein; 
 (ii)
        any amendment or waiver of or any consent to departure from all or any of the provisions of any Letter of Credit or any Loan Document; 
 (iii)         the existence of any claim, set-off, defense or other
right that the Borrower, any other party guaranteeing, or otherwise obligated with, the Borrower, any Subsidiary or other Affiliate thereof or any other Person may at any time have against the beneficiary under any Letter of Credit, any Issuer, the
Administrative Agent or any Lender or any other Person, whether in connection with this Agreement, any other Loan Document or any other related or unrelated agreement or transaction; 
 (iv)         any draft or other document presented under a Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 
 (v)         payment by the Issuer under a Letter of Credit against presentation of a draft or other document that does not comply with the
terms of such Letter of Credit; and 
 (vi)         any
other act or omission to act or delay of any kind of the Issuer, the Lenders, the Administrative Agent or any other Person or any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the
provisions of this Section 2.4, constitute a legal or equitable discharge of the Borrower’s obligations hereunder. 
 Any action taken or omitted to be taken by the relevant Issuer under or in connection with any Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall not result in any liability of such Issuer
to the Borrower or any Lender. In determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof, the Issuer may accept documents that appear on their face to be in order, without responsibility for
further investigation, regardless of any notice or information to the contrary and, in making any payment under any Letter of Credit, the Issuer may rely exclusively on the documents presented to it under such Letter of Credit as to any and all
matters set forth therein, including reliance on the amount of any draft presented under such Letter of Credit, whether or not the amount due to the beneficiary thereunder equals the amount of such draft and whether or not any

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
document presented pursuant to such Letter of Credit proves to be insufficient in any respect, if such document on its face appears to be in order, and whether or not any other statement or any
other document presented pursuant to such Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or untrue in any respect whatsoever, and any noncompliance in any immaterial respect of the documents
presented under such Letter of Credit with the terms thereof shall, in each case, be deemed not to constitute willful misconduct or gross negligence of the Issuer. 
 Section 2.5         Reduction and Termination of Commitments 
 The Borrower may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or
reduce in part ratably the unused portions of the respective Revolving Credit Commitments of the Revolving Credit Lenders without penalty or premium; provided, however, that each partial reduction shall be in an aggregate amount of not
less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. All outstanding Revolving Credit Commitments shall terminate on the Revolving Credit Termination Date. 
 Section 2.6         Repayment of Loans 
 (a)         The Borrower promises to repay the entire unpaid principal amount of the
Revolving Loans and the Swing Loans on the Scheduled Termination Date or earlier, if otherwise required by the terms hereof. 
 (b)         The Borrower promises to repay the Initial Term Loans on the first Business Day following each Fiscal Quarter set forth below in the amounts set forth
below: 
  

			
	 Date
  
	  	 Amount
  

	 September 30, 2009
	  	$408,483.22
	 December 31, 2009
	  	$408,483.22
	 March 31, 2010
	  	$408,483.22
	 June 30, 2010
	  	$408,483.22
	 September 30, 2010
	  	$408,483.22
	 December 31, 2010
	  	$408,483.22
	 March 31, 2011
	  	$408,483.22
	 June 30, 2011
	  	$408,483.22
	 September 30, 2011
	  	$408,483.22
	 December 31, 2011
	  	$408,483.22
	 March 31, 2012
	  	$408,483.22
	 Initial
Term Loan Maturity Date
	  	$158,899,974.43

 provided, however, that the Borrower shall also repay (i) New
Incremental Term Loans to the extent required by Section 2.1(c)(iv) (Term Facility Increase) on each such Business Day and (ii) the entire unpaid principal amount of the Initial Term Loans on the Initial Term Loan Maturity Date.

 (c)         The Borrower promises to repay (i) the Incremental
Term Loans as set forth in Sections 2.1(d)(ii) and (iii) (Incremental Term Loans) and (ii) the Extended Term Loans as set forth in Sections 2.1(e)(ii) and (iii) (Extended Term Loans). 
 Section 2.7         Evidence of Debt 
 (a)         Each Lender shall maintain in accordance with its usual practice an
account or accounts evidencing Indebtedness of the Borrower to such Lender resulting from each Loan of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this
Agreement. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (b)         (i)
        The Administrative Agent, acting as agent of the Borrower solely for this purpose and for tax purposes, shall establish and maintain at its address referred to in Section 11.8 (Notices,
Etc.) a record of ownership (the “Register”) in which the Administrative Agent agrees to register by book entry the Administrative Agent’s, each Lender’s and each Issuer’s interest in each Loan, each Letter of
Credit and each Reimbursement Obligation, and in the right to receive any payments hereunder and any assignment of any such interest or rights. In addition, the Administrative Agent, acting as agent of the Borrower solely for this purpose and for
tax purposes, shall establish and maintain accounts in the Register in accordance with its usual practice in which it shall record (A) the names and addresses of the Lenders and the Issuers, (B) the Commitments of each Lender from time to
time, (C) the amount of each Loan made and, if a Eurodollar Rate Loan, the Interest Period applicable thereto (except with respect to Swing Loans which shall be recorded by the Swing Loan Lender), (D) the amount of any principal or
interest due and payable, and paid, by the Borrower to, or for the account of, each Lender hereunder, (E) the amount that is due and payable, and paid, by the Borrower to, or for the account of, each Issuer, including the amount of Letter
Credit Obligations (specifying the amount of any Reimbursement Obligations) due and payable to an Issuer, and (F) the amount of any sum received by the Administrative Agent hereunder from the Borrower, whether such sum constitutes principal or
interest (and the type of Loan to which it applies), fees, expenses or other amounts due under the Loan Documents and each Lender’s and Issuer’s, as the case may be, share thereof, if applicable. 
 (ii)         Notwithstanding anything to the contrary contained in
this Agreement, the Loans (including the Notes evidencing such Loans) and the Reimbursement Obligations are registered obligations and the right, title, and interest of the Lenders and the Issuers and their assignees in and to such Loans or
Reimbursement Obligations, as the case may be, shall be transferable only upon notation of such transfer in the Register. A Note shall only evidence the Lender’s or a registered assignee’s right, title and interest in and to the related
Loan, and in no event is any such Revolving Credit Note to be considered a bearer instrument or obligation. This Section 2.7(b) and Section 11.2(Assignments and Participations) shall be construed so that the Loans and
Reimbursement Obligations are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related regulations (or any successor provisions of the Code or such
regulations). 
 (c)         The entries made in the Register and in the
accounts therein maintained pursuant to clauses (a) and (b) above shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations recorded therein;
provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their
terms. In addition, the Loan Parties, the Administrative Agent, the Lenders and the Issuers shall treat each Person whose name is recorded in the Register as a Lender or as an Issuer, as applicable, for all purposes of this Agreement. Information
contained in the Register with respect to any Lender or Issuer shall be available for inspection by the Borrower, the Administrative Agent, such Lender or such Issuer at any reasonable time and from time to time upon reasonable prior notice.

 (d)         Notwithstanding any other provision of the Agreement, in
the event that any Lender requests that the Borrower execute and deliver a promissory note or notes payable to such Lender in order to evidence the Indebtedness owing to such Lender by the Borrower hereunder, the Borrower shall promptly execute and
deliver a Note or Notes to such Lender evidencing any Term Loans and Revolving Loans, as the case may be, of such Lender, substantially in the forms of Exhibit B-1 (Form of Revolving Credit Note) or Exhibit B-2 (Form of Term
Note), respectively. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 2.8
        Optional Prepayments 
 (a)
        Revolving Loans.     The Borrower may prepay the outstanding principal amount of the Revolving Loans and the Swing Loans in whole or in part at any time without penalty or
premium; provided, however, that (i) each partial prepayment of a Revolving Loan shall be in an aggregate amount not less than $5,000,000 or integral multiples of $1,000,000 in excess thereof and (ii) if any prepayment of any
Eurodollar Rate Loan is made by the Borrower other than on the last day of an Interest Period for such Loan, the Borrower shall also pay any amount owing pursuant to Section 2.14(e) (Breakage Costs). 
 (b)         Term Loans.     Subject to Clause
(d) below, the Borrower may prepay the outstanding principal amount of the Term Loans, in whole or in part, together with accrued interest to the date of such prepayment on the principal amount prepaid without penalty or premium;
provided, however, (i) the Borrower shall provide the Administrative Agent with notice stating the proposed date and aggregate principal amount of such prepayment not later than 11:00 a.m. (New York time) (a) one Business Day, in
the case of a Borrowing of Base Rate Loans and (b) three Business Days, in the case of a Borrowing of Eurodollar Rate Loans, prior to the date of the proposed prepayment; (ii) if any prepayment of any Eurodollar Rate Loan is made by the
Borrower other than on the last day of an Interest Period for such Loan, the Borrower shall also pay any amounts owing pursuant to Section 2.14(e) (Breakage Costs); and (iii) that each partial prepayment shall be in an aggregate
amount not less than $5,000,000 or integral multiples of $1,000,000 in excess thereof and that any such partial prepayment shall be applied on a pro rata basis between the Existing Term Loan Facility and the Extended Term Loan Facility to
ratably reduce the remaining installments of the outstanding principal amount of the Term Loans under each such Term Loan Facility provided that, any partial prepayments paid from (i) the proceeds of any New Incremental Term Loans or
(ii) the Net Cash Proceeds of any Equity Issuance not required to be prepaid pursuant to Section 2.9 (Mandatory Prepayments), may be applied, at the election of the Borrower, either (A) first, to ratably reduce the
remaining installments of the outstanding principal amount of the Existing Term Loans under the Existing Term Loan Facility, and second, to ratably reduce the remaining installments of the outstanding principal amount of the Extended Term
Loans under the Extended Term Loan Facility or (B) to ratably reduce the remaining installments of the outstanding principal amount of the Extended Term Loans under the Extended Term Loan Facility in an aggregate amount up to but not exceeding
the Extended Term Loan Cap with the remainder applied to ratably reduce the remaining installments of the outstanding principal amount of the Existing Term Loans under the Existing Term Loan Facility. Upon the giving of a notice of prepayment
pursuant to this clause (b), the principal amount of the Term Loans specified to be prepaid and any Applicable Payment Premium shall become due and payable on the date specified for such prepayment. 
 (c)         The Borrower shall have no right to prepay the principal amount of any
Revolving Loan or any Term Loan other than as provided in this Section 2.8. 
 (d)
        In the event that any Repricing Event shall occur prior to the first anniversary of the Second Amendment Effective Date, the Borrower shall be required to pay, to each Lender holding an Extended Term
Loan, the Applicable Prepayment Premium for such amount of the Extended Term Loans that are repriced pursuant to such Repricing Event, together with, as applicable, any such prepayment of the Extended Term Loans resulting from such Repricing Event.

 Section 2.9         Mandatory Prepayments 

(a)         Upon receipt by the Borrower or any of its Subsidiaries of Net Cash
Proceeds arising (i) from an Asset Sale, Property Loss Event, or Debt Issuance, the Borrower shall immediately prepay the Loans (or provide cash collateral in respect of Letters of Credit, if applicable) in an amount equal to 100% of such Net
Cash Proceeds (except Net Cash Proceeds subject to a Reinvestment Event as provided below) and (ii) from an Equity Issuance (other than an Equity Issuance to the extent applied to the purchase consideration for a Permitted Acquisition within
180 days of such Equity Issuance), the Borrower shall immediately prepay the Loans (or provide cash collateral in respect of Letters of Credit) in an amount equal to 50% of such Net Cash Proceeds; provided, however, that if the Leverage Ratio
as of the last day of the most recently ended Fiscal Quarter is (A) less than 5.5 to 1.0, then the foregoing percentage with

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
respect to Equity Issuances shall be reduced to 25% or (B) less than 4.5 to 1.0, then such percentage shall be reduced to 0%. Any such mandatory prepayment shall be applied as provided in
clause (c) below; provided, however, that, in the case of any Net Cash Proceeds subject to a Reinvestment Event, the Borrower shall, pending application of such Net Cash Proceeds, (x) immediately upon receipt of such
Net Cash Proceeds deposit an amount equal to 100% of such Net Cash Proceeds in a deposit account of the Borrower or (y) at the Borrower’s option, to the extent that there are Revolving Credit Outstandings at such time, prepay the Revolving
Loans or provide cash collateral in respect of Letters of Credit (but which shall not result in any permanent reduction in the Revolving Credit Commitments). On any Reinvestment Prepayment Date, the Borrower shall prepay the Loans in an amount equal
to the remaining Reinvestment Deferred Amount which has not been reinvested as of such date in accordance with the applicable Reinvestment Notice, which prepayment shall be applied as provided in clause (c) below. 
 (b)         The Borrower shall prepay the Loans within 95 days after the last day of
each Fiscal Year, in an amount equal to 50% of Excess Cash Flow for such Fiscal Year; provided, however, that if the Leverage Ratio as of the last day of such Fiscal Year is (i) less than 3.75 to 1.0, then such percentage shall be
reduced to 25% for such Fiscal Year or (ii) less than 3.00 to 1.0, then such percentage shall be reduced to 0% for such Fiscal Year. Any such mandatory prepayment shall be applied in accordance with clause (c) below. 
 (c)         Subject to the provisions of Section 2.13(g) (Payments and
Computations), any mandatory prepayments made by the Borrower required to be applied in accordance with this clause (c) shall be applied as follows: 
 (i)         other than with respect to any mandatory prepayment in
connection with any Permitted Existing Term Loan Refinancing Indebtedness and subject, with respect to mandatory prepayments pursuant to clause (a) and (b) above, to clause (e) below, 
 first, to the prepayment of the Term Loans to repay the outstanding principal balance of the Term
Loans on a pro rata basis between the Existing Term Loan Facility and the Extended Term Loan Facility, until such Term Loans shall have been prepaid in full; provided, however any mandatory prepayment with the Net Cash Proceeds of an
Equity Issuance or a Debt Issuance pursuant to this Section 2.9 may be applied, at the election of the Borrower, either (A) first, to the prepayment of the Existing Term Loans to repay the outstanding principal balance of the
Existing Term Loans, until such Existing Term Loans shall have been prepaid in full and second, to the prepayment of the Extended Term Loans to repay the outstanding principal balance of the Extended Term Loans, until such Extended Term Loans
shall have been prepaid in full or (B) to the prepayment of the Extended Term Loans in an amount up to but not exceeding the Extended Term Loan Cap with the remainder applied to the prepayment of the Existing Term Loans, until such Existing
Term Loans shall have been prepaid in full; 
 second, to repay the outstanding
principal balance of the Swing Loans until such Swing Loans shall have been repaid in full; 
 third, to repay the outstanding principal balance of the Revolving Loans until such Revolving Loans shall have been paid in full; and 
 then, to provide cash collateral for any Letter of Credit Obligations in an amount equal to 105% of such Letter of Credit Obligations in the manner set forth in
Section 9.3 (Action in respect of Letters of Credit) until all such Letter of Credit Obligations have been fully cash collateralized in the manner set forth therein; and 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (ii)
        with respect to any mandatory prepayment in connection with any Permitted Existing Term Loan Refinancing Indebtedness, to the prepayment of the Existing Term Loans to repay the outstanding principal
balance of the Existing Term Loans, until such Existing Term Loans have been prepaid in full. 
 All repayments of the Term
Loans made pursuant to this clause (c) shall be applied to reduce the remaining installments of such outstanding principal amounts of the Term Loans pro rata to such installments. 
 (d)         If at any time, the aggregate principal amount of Revolving Credit
Outstandings exceeds the aggregate Revolving Credit Commitments at such time, the Borrower shall forthwith prepay the Swing Loans first and then the Revolving Loans then outstanding in an amount equal to such excess. If any such excess remains after
repayment in full of the aggregate outstanding Swing Loans and Revolving Loans, the Borrower shall provide cash collateral for the Letter of Credit Obligations in the manner set forth in Section 9.3 (Action in Respect of Letters of
Credit) in an amount equal to 105% of such excess. 
 (e)         In
connection with any mandatory prepayment pursuant to clause (a) and clause (b) above which is to be made in accordance with clause (c)(i) above, the Borrower shall give the Administrative Agent 10 Business Days prior notice
of any such mandatory prepayment, whereupon the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Any such Term Loan Lender may, at its option, elect not to accept such prepayment of its Term Loan (any Term Loan
Lender making such election being a “Declining Lender”); provided that each Declining Lender shall give written notice thereof to the Administrative Agent not later than 11:00 a.m. New York City time on the eighth Business
Day preceding the date of the applicable mandatory prepayment. The Administrative Agent shall offer the aggregate amount of the mandatory prepayments declined by the Declining Lenders to the applicable Term Loan Lenders who are not Declining Lenders
(each, a “Non-Declining Lender”) no later than the fifth Business Day preceding the date of the applicable mandatory prepayment each Non-Declining Lender shall be permitted to elect to receive such Non-Declining Lender’s pro
rata share of such remaining amount (calculated based on such Non-Declining Lender’s pro rata share of the aggregate amount of Term Loans, Existing Term Loans or Extended Term Loans, as applicable, at such time), among those Non-Declining
Lenders who have accepted such payment of such amount, by giving written notice no later than 11:00 a.m. New York City time on the third Business Day preceding the date of the applicable mandatory prepayment. On such date of prepayment, (i) an
amount equal to that portion of the Term Loans then to be prepaid to the Term Loan Lenders (less the amount thereof that would otherwise be payable to Declining Lenders) shall be paid to the applicable Term Loan Lenders that are not Declining
Lenders and (ii) an amount equal to that portion of the Term Loans that would otherwise be payable to Declining Lenders shall be applied, first to the prepayment of the Revolving Credit Obligations and Swing Loans and the cash
collateralization of Letters of Credit, in each case on the basis provided in Section 2.9(c) above, and second, to the extent there are proceeds remaining, to the Borrower for application for any purpose permitted by this
Agreement (including any optional prepayment pursuant to Section 2.8 (Optional Prepayments). In the event that the Administrative Agent has not, with respect to any prepayment, received a notice from a Term Loan Lender in accordance with
this clause (e), such Term Loan Lender shall be deemed to have waived its rights under this clause (e) to decline receipt thereof. 
 Section 2.10         Interest 
 (a)          Rate of Interest.     All Loans and the outstanding amount of all other Obligations (other than pursuant to Hedging
Contracts that are Loan Documents, to the extent such Hedging Contracts provide for the accrual of interest on unpaid obligations) shall bear interest, in the case of Loans, on the unpaid principal amount thereof from the date such Loans are made
and, in the case of such other Obligations, from the date such other Obligations are due and payable until, in all cases, paid in full, except as otherwise provided in clause (c) below, as follows: 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (i)         with
respect to Initial Term Loans, Revolving Loans and Swing Loans, if a Base Rate Loan or such other Obligation, at a rate per annum equal to the sum of (A) the Base Rate as in effect from time to time and (B) the Applicable Margin;

 (ii)         with respect to Initial Term Loans,
Revolving Loans and Swing Loans, if a Eurodollar Rate Loan, at a rate per annum equal to the sum of (A) the Eurodollar Rate determined for the applicable Interest Period and (B) the Applicable Margin in effect from time to time
during such Eurodollar Interest Period; and 
 (iii)
        with respect to Incremental Term Loans, as set forth in Section 2.1(d)(i) (Incremental Term Loans) and with respect to Extended Term Loans, as set forth in Section 2.1(e)(i)
(Extended Term Loans). 
 (b)         Interest Payments.
(i) Interest accrued on each Base Rate Loan shall be payable in arrears (A) on the first Business Day of each Fiscal Quarter, commencing the first full Fiscal Quarter after the Original Effective Date and, thereafter, on the first such day
following the making of such Base Rate Loan, (B) in the case of Base Rate Loans that are Term Loans, upon the payment or prepayment thereof in full or in part and (C) if not previously paid in full, at maturity (whether by acceleration or
otherwise) of such Base Rate Loan, (ii) interest accrued on each Eurodollar Rate Loan shall be payable in arrears (A) on the last day of each Interest Period applicable to such Loan and, if such Interest Period has a duration of more than
three months, on each date during such Interest Period occurring every three months from the first day of such Interest Period, (B) upon the payment or prepayment thereof in full or in part and (C) if not previously paid in full, at
maturity (whether by acceleration or otherwise) of such Eurodollar Rate Loan and (iii) interest accrued on the amount of all other Obligations shall be payable on demand from and after the time such Obligation becomes due and payable (whether
by acceleration or otherwise). 
 (c)         Default Interest.
Notwithstanding the rates of interest specified in clause (a) above, Section 2.1(d)(i) (Incremental Term Loans), Section 2.1(e)(i) (Extended Term Loans) or elsewhere herein, effective immediately upon the
occurrence of an Event of Default and for as long thereafter as such Event of Default shall be continuing, the principal balance of all Loans and the amount of all other Obligations then due and payable shall bear interest at a rate that is two
percent per annum in excess of the rate of interest applicable to such Loans or other Obligations from time to time. Such interest shall be payable on the date that would otherwise be applicable to such interest pursuant to clause
(b) above or otherwise on demand. 
 Section 2.11
        Conversion/Continuation Option 
 (a)
        The Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans) or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any
applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the
aggregate amount of the Eurodollar Loans for each Interest Period must be in the amount of at least $5,000,000 or an integral multiple of $1,000,000 in excess thereof. Each conversion or continuation shall be allocated among the Loans of each Lender
in accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or Continuation”)
and shall be made by giving the Administrative Agent at least (x) three Business Days’ prior written notice in the case of a conversion to, or continuation of, Eurodollar Rate Loans or (y) one Business Day’s prior written notice
in the case of a conversion to Base Rate Loans, each such notice specifying, as applicable, (A) the amount and type of Loan being converted or continued, (B) in the case of a conversion to, or a continuation of, Eurodollar Rate Loans, the
applicable Interest Period and (C) in the case of a conversion, the date of such conversion. 
 (b)
        The Administrative Agent shall promptly notify each Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing,

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
no conversion in whole or in part of Base Rate Loans to Eurodollar Rate Loans and no continuation in whole or in part of Eurodollar Rate Loans upon the expiration of any applicable Interest
Period shall be permitted at any time at which (i) a Default or an Event of Default shall have occurred and be continuing or (ii) the continuation of, or conversion into, a Eurodollar Rate Loan would violate any provision of
Section 2.14 (Special Provisions Governing Eurodollar Rate Loans). If, within the time period required under the terms of this Section 2.11, the Administrative Agent does not receive a Notice of Conversion or Continuation
from the Borrower containing a permitted election to continue any Eurodollar Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans shall be automatically
converted to Base Rate Loans; provided, further that if any Notice of Conversion or Continuation (i) fails to specify whether the applicable Loans shall be converted to or continued as Base Rate Loans or as Eurodollar Rate Loans, such Loans
shall be converted to or continued as Base Rate Loans and (ii) in the case of a conversion to or a continuation of Eurodollar Rate Loans, fails to indicate the term of the applicable Interest Period, such Interest Period shall be deemed to be
for a one-month period. Each Notice of Conversion or Continuation shall be irrevocable. 
 Section 2.12
        Fees 
 (a)
        Unused Commitment Fee. The Borrower agrees to pay to each Revolving Credit Lender a commitment fee (the “Unused Commitment Fee”) on the actual daily amount by which the
Revolving Credit Commitment of such Revolving Credit Lender exceeds such Lender’s Ratable Portion of (i) the average daily excess of the amount then effective Revolving Loan Commitments over the Revolving Credit Outstandings (exclusive of
any outstanding Swing Loans) multiplied by (ii) the Applicable Unused Commitment Fee Rate. The Unused Commitment Fee shall be payable in arrears (x) on the first Business Day of each Fiscal Quarter, commencing on the first such
Business Day following the Original Effective Date and (y) on the Revolving Credit Termination Date. The Unused Commitment Fee shall be calculated on the basis of a year of 360 days, in each case, for the actual number of days (including the
first day but excluding the last day) occurring in the period for which such Unused Commitment Fee is payable. 
 (b)         Letter of Credit Fees. The Borrower agrees to pay the following amounts with respect to Letters of Credit issued by any Issuer: 
 (i)         to the Administrative Agent for the account of each
Issuer of a Letter of Credit, with respect to each Letter of Credit issued by such Issuer, an issuance fee equal to 0.25% per annum of the maximum undrawn face amount of such Letter of Credit, payable in arrears (A) on the first
Business Day of each Fiscal Quarter, commencing on the first such Business Day following the issuance of such Letter of Credit and (B) on the Revolving Credit Termination Date; 
 (ii)         to the Administrative Agent for the ratable benefit of
the Revolving Credit Lenders, with respect to each Letter of Credit, a fee accruing in Dollars at a rate per annum equal to the Applicable Margin for Revolving Loans that are Eurodollar Rate Loans on the maximum undrawn face amount of such
Letter of Credit, payable in arrears (A) on the first Business Day of each Fiscal Quarter, commencing on the first such Business Day following the issuance of such Letter of Credit and (B) on the Revolving Credit Termination Date;
provided, however, that during the continuance of an Event of Default, such fee shall be increased by two percent per annum (instead of, and not in addition to, any increase pursuant to Section 2.10(c) (Interest))
and shall be payable on demand; and 
 (iii)         to
the Issuer of any Letter of Credit, with respect to the issuance, amendment or transfer of each Letter of Credit and each drawing made thereunder, documentary and processing charges in accordance with such Issuer’s standard schedule for such
charges in effect at the time of issuance, amendment, transfer or drawing, as the case may be. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (c)         Ticking Fees.
Borrower has agreed to pay to the Administrative Agent, for the benefit of the Lenders, a ticking fee in an amount equal to 0.5% per annum (the “Ticking Fee Rate”) of the total amount of the Facilities calculated on the
basis of actual days elapsed over a 360-day year, commencing on May 15, 2007 to and including the earlier of (i) the termination of this Agreement and (ii) the Original Effective Date, which ticking fee shall be due and payable on
such earlier date; provided, however, that on July 15, 2007 the Ticking Fee Rate shall increase to 1.125% per annum. 
 (d)         Additional Fees. The Borrower has agreed to pay to the Administrative Agent and the Arranger additional fees, the amount and dates of payment of
which are embodied in the Fee Letter. 
 Section 2.13
        Payments and Computations 
 (a)
        The Borrower shall make each payment hereunder (including fees and expenses) not later than 1:00 p.m. (New York time) on the day when due, in Dollars to the Administrative Agent or the Swing Loan
Lender, as applicable, at its address referred to in Section 11.8 (Notices, Etc.) in immediately available funds without set-off or counterclaim. The Administrative Agent shall promptly thereafter cause to be distributed immediately
available funds relating to the payment of principal, interest or fees to the Lenders, in accordance with the application of payments set forth in clause (f) or (g) below, as applicable, for the account of their respective
Applicable Lending Offices; provided, however, that amounts payable pursuant to Section 2.15 (Capital Adequacy), Section 2.16 (Taxes) or Section 2.14(c) or (d) (Special Provisions Governing
Eurodollar Rate Loans) shall be paid only to the affected Lender or Lenders and amounts payable with respect to Swing Loans shall be paid only to the Swing Loan Lender. Payments received by the Administrative Agent after 1:00 p.m. (New York
time) shall be deemed to be received on the next Business Day (in the Administrative Agent’s sole discretion). 
 (b)         All computations of interest and of fees shall be made by the Administrative Agent on the basis of a year of 360 days, in each case for the actual number of days (including the first day
but excluding the last day) occurring in the period for which such interest and fees are payable except for interest in connection with Base Rate Loans which shall be calculated on the basis of the actual number of calendar days in the applicable
year. Each determination by the Administrative Agent of a rate of interest hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 (c)         Each payment by the Borrower of any Loan, Reimbursement Obligation (including interest or fees in respect thereof) and each
reimbursement of various costs, expenses or other Obligation shall be made in the currency in which such Loan was made, such Letter of Credit issued or such cost, expense or other Obligation was incurred; provided, however, that
(i) the Letter of Credit Reimbursement Agreement for a Letter of Credit may specify another currency for the Reimbursement Obligation in respect of such Letter of Credit and (ii) other than for payments in respect of a Loan or
Reimbursement Obligation, Loan Documents duly executed by the Administrative Agent or any Hedging Contract may specify other currencies of payment for Obligations created by or directly related to such Loan Document or Hedging Contract. 

(d)         Whenever any payment hereunder shall be stated to be due on a day
other than a Business Day, the due date for such payment shall be extended to the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be;
provided, however, that if such extension would cause payment of interest on or principal of any Eurodollar Rate Loan to be made in the next calendar month, such payment shall be made on the immediately preceding Business Day. All
repayments of (i) any Revolving Loans shall be applied as follows: first, to repay such Loans outstanding as Base Rate Loans and then, to repay such Loans outstanding as Eurodollar Rate Loans, with those Eurodollar Rate Loans
having earlier expiring Eurodollar Interest Periods being repaid prior to those having later expiring Eurodollar Interest Periods, and (ii) any Term Loans shall be applied pro rata to repay such Loans outstanding as Base Rate Loans and
Eurodollar Rate Loans. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (e)         Unless the
Administrative Agent shall have received notice from the Borrower to the Lenders prior to the date on which any payment is due hereunder that the Borrower will not make such payment in full, the Administrative Agent may assume that the Borrower has
made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such due date an amount equal to the amount then due such Lender. If and
to the extent that the Borrower shall not have made such payment in full to the Administrative Agent, each Lender shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender together with interest thereon (at
the Federal Funds Rate for the first Business Day and, thereafter, at the rate applicable to Base Rate Loans) for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Administrative
Agent. 
 (f)         Except for payments and other amounts received by
the Administrative Agent and applied in accordance with the provisions of clause (g) below (or required to be applied in accordance with Section 2.9(c) (Mandatory Prepayments)), all payments and any other amounts received by
the Administrative Agent from or for the benefit of the Borrower shall be applied as follows: first, to pay principal of, and interest on, any portion of the Loans the Administrative Agent may have advanced pursuant to the express provisions
of this Agreement on behalf of any Lender, for which the Administrative Agent has not then been reimbursed by such Lender or the Borrower, second, to pay all other Obligations then due and payable and third, as the Borrower so
designates. Payments in respect of Swing Loans received by the Administrative Agent shall be distributed to the Swing Loan Lender; payments in respect of Revolving Loans received by the Administrative Agent shall be distributed to each Revolving
Credit Lender in accordance with such Lender’s Ratable Portion of the Revolving Credit Commitments; payments in respect of the Term Loans received by the Administrative Agent shall be distributed to each Term Loan Lender in accordance with such
Lender’s Ratable Portion of the Term Loans except as otherwise specified in Section 2.8(b) (Optional Prepayments) or Section 2.9(c) (Mandatory Prepayments); and all payments of fees and all other payments in respect of
any other Obligation shall be allocated among such of the Lenders and Issuers as are entitled thereto and, for such payments allocated to the Lenders, in proportion to their respective Ratable Portions. 
 (g)         The Borrower hereby irrevocably waives the right to direct the
application of any and all payments in respect of the Obligations and any proceeds of Collateral after the occurrence and during the continuance of an Event of Default and agrees that, notwithstanding the provisions of Section 2.9(c)
(Mandatory Prepayments) and clause (f) above, each Agent may, and, upon either (A) the written direction of the Requisite Lenders or (B) the acceleration of the Obligations pursuant to Section 9.2 (Remedies)
shall, deliver a blockage notice to each Deposit Account Bank for each Approved Deposit Account and apply, all payments in respect of any Obligations and all funds on deposit in any Cash Collateral Account (including all proceeds arising from a
Reinvestment Event that are held in the Cash Collateral Account pending application of such proceeds as specified in a Reinvestment Notice) and all other proceeds of Collateral in the following order: 
 (i)         first, to pay interest on and then principal of
any portion of the Revolving Loans that the Administrative Agent may have advanced on behalf of any Lender for which the Administrative Agent has not then been reimbursed by such Lender or the Borrower; 
 (ii)         second, to pay Secured Obligations in respect of
any expense reimbursements or indemnities then due to the Agents; 
 (iii)         third, to pay Secured Obligations in respect of any expense reimbursements or indemnities then due to the Lenders and the Issuers; 
 (iv)         fourth, to pay Secured Obligations in respect of
any fees then due to the Administrative Agent, the Collateral Agent, the Lenders and the Issuers; 

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 (v)        
fifth, to pay interest then due and payable in respect of the Loans and Reimbursement Obligations; 
 (vi)         sixth, to pay or prepay principal amounts on the Loans and Reimbursement Obligations and to provide cash collateral for outstanding Letter of
Credit Undrawn Amounts in the manner described in Section 9.3 (Action in respect of Letters of Credit) and amounts owing with respect to Hedging Contracts which are Loan Documents, ratably to the aggregate principal amount of such Loans,
Reimbursement Obligations and Letter of Credit Undrawn Amounts, and Obligations owing with respect to Hedging Contracts; and 
 (vii)         seventh, to the ratable payment of all other Secured Obligations; 
 provided, however, that if sufficient funds are not available to fund all payments to be made in respect of any Secured Obligation described in any of clauses
(i), (ii), (iii), (iv), (v), (vi) and (vii) above, the available funds being applied with respect to any such Secured Obligation (unless otherwise specified in such clause) shall be allocated
to the payment of such Secured Obligation ratably, based on the proportion of the Administrative Agent’s and each Lender’s or Issuer’s interest in the aggregate outstanding Secured Obligations described in such clauses;
provided, however, that payments that would otherwise be allocated to the Revolving Credit Lenders shall be allocated first to repay Swing Loans until such Loans are repaid in full and then to repay the Revolving Loans
The order of priority set forth in clauses (i), (ii), (iii), (iv), (v), (vi) and (vii) above may at any time and from time to time be changed by the agreement of the Requisite Lenders
without necessity of notice to or consent of or approval by the Borrower, any Secured Party that is not a Lender or Issuer or by any other Person that is not a Lender or Issuer; provided, however, that the order of priority set forth
in clauses (v), (vi) and (vii) shall not be changed without the prior consent of each Lender adversely affected thereby. The order of priority set forth in clauses (i), (ii), (iii) and
(iv) above may be changed only with the prior written consent of the Administrative Agent in addition to that of the Requisite Lenders. 
 Section 2.14         Special Provisions Governing Eurodollar Rate Loans 
 (a)         Determination of Interest Rate 
 The Eurodollar Rate for each Interest Period for Eurodollar Rate Loans shall be determined by the Administrative Agent pursuant to the procedures set forth in the definition of
“Eurodollar Rate.” The Administrative Agent’s determination shall be presumed to be correct absent manifest error and shall be binding on the Borrower. 
 (b)         Interest Rate Unascertainable, Inadequate or Unfair 
 In the event that (i) the Administrative Agent determines that adequate and fair means do not exist for ascertaining
the applicable interest rates by reference to which the Eurodollar Rate then being determined is to be fixed or (ii) the Requisite Lenders notify the Administrative Agent that the Eurodollar Rate for any Interest Period will not adequately
reflect the cost to the Lenders of making or maintaining such Loans for such Interest Period, the Administrative Agent shall forthwith so notify the Borrower and the Lenders, whereupon each Eurodollar Loan shall automatically, on the last day of the
current Interest Period for such Loan, convert into a Base Rate Loan and the obligations of the Lenders to make Eurodollar Rate Loans or to convert Base Rate Loans into Eurodollar Rate Loans shall be suspended until the Administrative Agent shall
notify the Borrower that the Requisite Lenders have determined that the circumstances causing such suspension no longer exist. 
 (c)         Increased Costs 
 If at any time any Lender determines that the introduction of, or any change in or in the interpretation of, any law, treaty or governmental rule, regulation or order (other than any change by way of

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imposition or increase of reserve requirements included in determining the Eurodollar Rate) or the compliance by such Lender with any guideline, request or directive from any central bank or
other Governmental Authority (whether or not having the force of law), shall have the effect of increasing the cost to such Lender of agreeing to make or making, funding or maintaining any Eurodollar Rate Loans, then the Borrower shall from time to
time, upon demand by such Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost. A certificate
as to the amount of such increased cost, submitted to the Borrower and the Administrative Agent by such Lender, shall be conclusive and binding for all purposes, absent manifest error. 
 (d)         Illegality 
 Notwithstanding any other provision of this Agreement, if any Lender determines that the introduction of, or any change in
or in the interpretation of, any law, treaty or governmental rule, regulation or order after the date of this Agreement shall make it unlawful, or any central bank or other Governmental Authority shall assert that it is unlawful, for any Lender or
its Eurodollar Lending Office to make Eurodollar Rate Loans or to continue to fund or maintain Eurodollar Rate Loans, then, on notice thereof and demand therefor by such Lender to the Borrower through the Administrative Agent, (i) the
obligation of such Lender to make or to continue Eurodollar Rate Loans and to convert Base Rate Loans into Eurodollar Rate Loans shall be suspended, and each such Lender shall make a Base Rate Loan as part of any requested Borrowing of Eurodollar
Rate Loans and (ii) if the affected Eurodollar Rate Loans are then outstanding, the Borrower shall immediately convert each such Loan into a Base Rate Loan. If, at any time after a Lender gives notice under this clause (d), such Lender
determines that it may lawfully make Eurodollar Rate Loans, such Lender shall promptly give notice of that determination to the Borrower and the Administrative Agent, and the Administrative Agent shall promptly transmit the notice to each other
Lender. The Borrower’s right to request, and such Lender’s obligation, if any, to make Eurodollar Rate Loans shall thereupon be restored. 
 (e)         Breakage Costs 
 In addition to all amounts required to be paid by the Borrower pursuant to Section 2.10 (Interest), the Borrower shall compensate each Lender, upon demand, for all actual losses, expenses and liabilities (including any actual
loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund or maintain such Lender’s Eurodollar Rate Loans to the Borrower but excluding any loss of the Applicable Margin on
the relevant Loans) that such Lender may sustain (i) if for any reason (other than solely by reason of such Lender being a Non-Funding Lender) a proposed Borrowing, conversion into or continuation of Eurodollar Rate Loans does not occur on a
date specified therefor in a Notice of Borrowing or a Notice of Conversion or Continuation given by the Borrower or in a telephonic request by it for borrowing or conversion or continuation or a successive Interest Period does not commence after
notice therefor is given pursuant to Section 2.11 (Conversion/Continuation Option), (ii) if for any reason any Eurodollar Rate Loan is prepaid (including mandatorily pursuant to Section 2.9 (Mandatory Prepayments)) on a
date that is not the last day of the applicable Interest Period, (iii) as a consequence of a required conversion of a Eurodollar Rate Loan to a Base Rate Loan as a result of any of the events indicated in clause (d) above or
(iv) as a consequence of any failure by the Borrower to repay Eurodollar Rate Loans when required by the terms hereof. The Lender making demand for such compensation shall deliver to the Borrower concurrently with such demand a written
statement as to such losses, expenses and liabilities, and this statement shall be conclusive as to the amount of compensation due to such Lender, absent manifest error. 
 Section 2.15         Capital Adequacy 
 If at any time any Lender determines that (a) the adoption of, or any change in or in the interpretation of, any law, treaty or governmental rule, regulation or order after the
date of this Agreement regarding capital adequacy, (b) compliance with any such law, treaty, rule, regulation or order or (c)

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compliance with any guideline or request or directive from any central bank or other Governmental Authority (whether or not having the force of law) shall have the effect of reducing the rate of
return on such Lender’s (or any corporation controlling such Lender’s) capital as a consequence of its obligations hereunder or under or in respect of any Letter of Credit to a level below that which such Lender or such corporation could
have achieved but for such adoption, change, compliance or interpretation, then, upon demand from time to time by such Lender (with a copy of such demand to the Administrative Agent), the Borrower shall pay to the Administrative Agent for the
account of such Lender, from time to time as specified by such Lender, additional amounts sufficient to compensate such Lender for such reduction. A certificate as to such amounts submitted to the Borrower and the Administrative Agent by such Lender
shall be conclusive and binding for all purposes absent manifest error. 
 Section 2.16
        Taxes 
 (a)
        Except as otherwise provided in this Section 2.16, any and all payments by any Loan Party under each Loan Document shall be made free and clear of and without deduction for any and all
present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto, excluding (i) in the case of each Lender, each Issuer and the Administrative Agent (A) taxes measured by its net
income, and franchise taxes imposed on it, and similar taxes imposed by the jurisdiction (or any political subdivision thereof) under the laws of which such Lender, such Issuer or the Administrative Agent (as the case may be) is organized and
(B) any U.S. withholding taxes payable with respect to payments under the Loan Documents under laws (including any statute, treaty or regulation) in effect on the Original Effective Date (or, in the case of (x) an Eligible Assignee, the
date of the Assignment and Acceptance, (y) a successor Administrative Agent, the date of the appointment of such Administrative Agent, and (z) a successor Issuer, the date such Issuer becomes an Issuer) applicable to such Lender, such
Issuer or the Administrative Agent, as the case may be, but not excluding any U.S. withholding taxes payable as a result of any change in such laws occurring after the Original Effective Date (or the date of such Assignment and Acceptance or the
date of such appointment of such Administrative Agent or the date such Issuer becomes an Issuer) and (ii) in the case of each Lender or each Issuer, taxes measured by its net income, and franchise taxes imposed on it as a result of a present or
former connection between such Lender or such Issuer (as the case may be) and the jurisdiction of the Governmental Authority imposing such tax or any taxing authority thereof or therein (all such non-excluded taxes, levies, imposts, deductions,
charges, withholdings and liabilities being hereinafter referred to as “Taxes”). If any Taxes shall be required by law to be deducted from or in respect of any sum payable under any Loan Document to any Lender, any Issuer or the
Administrative Agent (w) the sum payable shall be increased as may be necessary so that, after making all required deductions (including deductions applicable to additional sums payable under this Section 2.16, such Lender, such
Issuer or the Administrative Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (x) the relevant Loan Party shall make such deductions, (y) the relevant Loan Party shall
pay the full amount deducted to the relevant taxing authority or other authority in accordance with applicable law and (z) the relevant Loan Party shall deliver to the Administrative Agent evidence of such payment. 
 (b)         In addition, each Loan Party agrees to pay any present or future stamp
or documentary taxes or any other excise or property taxes, charges or similar levies of the United States or any political subdivision thereof or any applicable foreign jurisdiction, and all liabilities with respect thereto, in each case arising
from any payment made under any Loan Document or from the execution, delivery or registration of, or otherwise with respect to, any Loan Document (collectively, “Other Taxes”). 
 (c)         Each Loan Party shall, jointly and severally, indemnify each Lender,
each Issuer and the Administrative Agent for the full amount of Taxes and Other Taxes (including any Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this Section 2.16) paid by such Lender, such Issuer or the
Administrative Agent (as the case may be) and any liability (including for penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted. This indemnification
shall be made within 30 days from the date such Lender, such Issuer or the Administrative Agent (as the case may be) makes written demand therefor. 

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 (d)         Within 30 days after
the date of any payment of Taxes or Other Taxes by any Loan Party, the Borrower shall furnish to the Administrative Agent, at its address referred to in Section 11.8 (Notices, Etc.), the original or a certified copy of a receipt
evidencing payment thereof. 
 (e)         Without prejudice to the
survival of any other agreement of any Loan Party hereunder or under the Guaranty, the agreements and obligations of such Loan Party contained in this Section 2.16 shall survive the payment in full of the Obligations. 
 (f)         (i)         Each
Non-U.S. Lender that is entitled to an exemption from U.S. withholding tax, or that is subject to such tax at a reduced rate under an applicable tax treaty, shall (v) on or prior to the Original Effective Date in the case of each Non-U.S.
Lender that is a signatory hereto, (w) on or prior to the date of the Assignment and Acceptance pursuant to which such Non-U.S. Lender becomes a Lender, the date a successor Issuer becomes an Issuer, or the date a successor Administrative Agent
becomes the Administrative Agent hereunder, (x) on or prior to the date on which any such form or certification expires or becomes obsolete, (y) after the occurrence of any event requiring a change in the most recent form or certification
previously delivered by it to the Borrower and the Administrative Agent, and (z) to the extent it may lawfully do so, from time to time if requested by the Borrower or the Administrative Agent, provide the Administrative Agent and the Borrower
with two completed originals of each of the following, as applicable: 
 (A)
        Form W-8ECI (claiming exemption from U.S. withholding tax because the income is effectively connected with a U.S. trade or business) or any successor form; 
 (B)         Form W-8BEN (claiming exemption from, or a reduction
of, U.S. withholding tax under an income tax treaty) or any successor form; 
 (C)
        in the case of a Non-U.S. Lender claiming exemption under Sections 871(h) or 881(c) of the Code, a Form W-8BEN (claiming exemption from U.S. withholding tax under the portfolio interest exemption) or
any successor form; or 
 (D)         any other
applicable form, certificate or document prescribed by the IRS certifying as to such Non-U.S. Lender’s entitlement to such exemption from U.S. withholding tax or reduced rate with respect to all payments to be made to such Non-U.S. Lender under
the Loan Documents. 
 Unless the Borrower and the Administrative Agent have received forms or other documents
satisfactory to them indicating that payments under any Loan Document to or for a Non-U.S. Lender are not subject to U.S. withholding tax or are subject to such tax at a rate reduced by an applicable tax treaty, the Loan Parties and the
Administrative Agent shall withhold amounts required to be withheld by applicable Requirements of Law from such payments at the applicable statutory rate. 
 (ii)         Each U.S. Lender shall (v) on or prior to the Original Effective Date in the case of each U.S. Lender that is a signatory
hereto, (w) on or prior to the date of the Assignment and Acceptance pursuant to which such U.S. Lender becomes a Lender, the date a successor Issuer becomes an Issuer or the date a successor Administrative Agent becomes the Administrative
Agent hereunder, (x) on or prior to the date on which any such form or certification expires or becomes obsolete, (y) after the occurrence of any event requiring a change in the most recent form or certification previously delivered by it
to the Borrower and the Administrative Agent, and (z) from time to time if requested by the Borrower or the Administrative Agent, provide the Administrative Agent and the Borrower with two completed originals of Form W-9 (certifying that such
U.S. Lender is entitled to an exemption from U.S.

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backup withholding tax) or any successor form. Solely for purposes of this Section 2.16(f), a U.S. Lender shall not include a Lender, an Issuer or an Administrative Agent that may be
treated as an exempt recipient based on the indicators described in Treasury Regulation section 1.6049-4(c)(1)(ii). 
 (g)         Any Lender claiming any additional amounts payable pursuant to this Section 2.16 shall use its reasonable efforts (consistent with its
internal policies and Requirements of Law) to change the jurisdiction of its Applicable Lending Office if the making of such a change would avoid the need for, or reduce the amount of, any such additional amounts that would be payable or may
thereafter accrue and would not, in the sole determination of such Lender, be otherwise disadvantageous to such Lender. 
 Section 2.17        Substitution of Lenders 
 (a)         In the event that (i)(A) any Lender makes a claim under Section 2.14(c) (Increased Costs) or Section 2.15 (Capital Adequacy),
(B) it becomes illegal for any Lender to continue to fund or make any Eurodollar Rate Loan and such Lender notifies the Borrower pursuant to Section 2.14(d) (Illegality), (C) any Loan Party is required to make any
payment pursuant to Section 2.16 (Taxes) that is attributable to a particular Lender or (D) any Lender becomes a Non-Funding Lender, (ii) in the case of clause (i)(A) above, as a consequence of increased costs in respect
of which such claim is made, the effective rate of interest payable to such Lender under this Agreement with respect to its Loans materially exceeds the effective average annual rate of interest payable to the Requisite Lenders under this Agreement
and (iii) in the case of clause (i)(A),(B) and (C) above, Lenders holding at least 75% of aggregate amount of the Commitments and the outstanding Term Loans are not subject to such increased costs or illegality, payment or proceedings (any
such Lender, an “Affected Lender”), the Borrower may substitute any Lender and, if reasonably acceptable to the Administrative Agent, any other Eligible Assignee (a “Substitute Institution”) for such Affected Lender
hereunder, after delivery of a written notice (a “Substitution Notice”) by the Borrower to the Administrative Agent and the Affected Lender within a reasonable time (in any case not to exceed 90 days) following the occurrence of any
of the events described in clause (i) above that the Borrower intends to make such substitution; provided, however, that, if more than one Lender claims increased costs, illegality or right to payment arising from the same act or
condition and such claims are received by the Borrower within 30 days of each other, then the Borrower may substitute all, but not (except to the extent the Borrower has already substituted one of such Affected Lenders before the Borrower’s
receipt of the other Affected Lenders’ claim) less than all, Lenders making such claims. 
 (b)         If the Substitution Notice was properly issued under this Section 2.17, the Affected Lender shall sell, and the Substitute Institution shall purchase, all rights and claims of
such Affected Lender under the Loan Documents and the Substitute Institution shall assume, and the Affected Lender shall be relieved of, the Affected Lender’s Revolving Credit Commitments and all other prior unperformed obligations of the
Affected Lender under the Loan Documents (other than in respect of any damages (which pursuant to Section 11.5 (Limitations of Liability), do not include exemplary or punitive damages, to the extent permitted by applicable law) in
respect of any such unperformed obligations). Such purchase and sale (and the corresponding assignment of all rights and claims hereunder) shall be recorded in the Register maintained by the Administrative Agent and shall be effective on (and not
earlier than) the later of (i) the receipt by the Affected Lender of its Ratable Portion of the Revolving Credit Outstandings, the Term Loans, together with any other Obligations owing to it, (ii) the receipt by the Administrative Agent of
an agreement in form and substance satisfactory to it and the Borrower whereby the Substitute Institution shall agree to be bound by the terms hereof and (ii) the payment in full to the Affected Lender in cash of all fees, unreimbursed costs
and expenses and indemnities accrued and unpaid through such effective date. Upon the effectiveness of such sale, purchase and assumption, the Substitute Institution shall become a “Lender” hereunder for all purposes of this
Agreement having a Commitment and holding outstanding Term Loans in the amount of such Affected Lender’s Commitment and outstanding Term Loans assumed by it and such Commitment and outstanding Term Loans of the Affected Lender shall be
terminated; provided, however, that all indemnities under the Loan Documents shall continue in favor of such Affected Lender. 

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 (c)         Each Lender agrees
that, if it becomes an Affected Lender and its rights and claims are assigned hereunder to a Substitute Institution pursuant to this Section 2.17, it shall execute and deliver to the Administrative Agent an Assignment and Acceptance to
evidence such assignment, together with any Note (if such Loans are evidenced by a Note) evidencing the Loans subject to such Assignment and Acceptance; provided, however, that the failure of any Affected Lender to execute an
Assignment and Acceptance shall not render such assignment invalid. 
 ARTICLE III 
 CONDITIONS TO LOANS AND LETTERS OF CREDIT 
 Section 3.1         Conditions Precedent to Initial Loans and Letters of Credit 
 The obligation of each Lender to make the Loans requested to be made by it on the Original Effective Date and the obligation
of each Issuer to Issue Letters of Credit hereunder, shall not become effective until the date (the “Original Effective Date”) on which each of the following conditions precedent is satisfied or waived in accordance with
Section 11.1 (Amendments, Waivers, Etc.) of each of the following conditions precedent: 
 (a)         Certain Documents. The Administrative Agent shall have received on or prior to the Original Effective Date (and, to the extent any Borrowing of any Eurodollar Rate Loans is
requested to be made on the Original Effective Date, in respect of the Notice of Borrowing for such Eurodollar Rate Loans, at least three Business Days prior to the Original Effective Date) each of the following, each dated the Original Effective
Date unless otherwise indicated or agreed to by the Administrative Agent, in form and substance satisfactory to the Administrative Agent and in sufficient copies for each Lender: 
 (i)         this Agreement, duly executed and delivered by the
Borrower and, for the account of each Lender requesting the same, a Note of the Borrower conforming to the requirements set forth herein; 
 (ii)         the Guaranty, duly executed by each Guarantor; 
 (iii)         the Pledge and Security Agreement, duly executed by the Borrower and each Guarantor, together with each of the following to the
extent not delivered in connection with the Existing First Lien Credit Agreement unless otherwise requested by the Administrative Agent: 
 (A)         evidence satisfactory to the Administrative Agent that, upon the filing and recording of instruments delivered on or prior to the Original Effective
Date, the Collateral Agent (for the benefit of the Secured Parties) shall have a valid and perfected first-priority security interest in the Collateral, including (x) such documents duly executed by each Loan Party as the Administrative Agent
may request with respect to the perfection of its security interests in the Collateral (including financing statements under the UCC, patent, trademark and copyright security agreements suitable for filing with the Patent and Trademark Office or the
Copyright Office, as the case may be, and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens created by the Pledge and Security Agreement) and (y) copies of UCC search reports as of a recent
date listing all effective financing statements that name any Loan Party as debtor, together with copies of such financing statements, none of which shall cover the Collateral except for those that shall be terminated on the Original Effective Date
or are otherwise permitted hereunder; 

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 (B)         all
certificates, instruments and other documents representing all Pledged Stock being pledged pursuant to such Pledge and Security Agreement and stock powers for such certificates, instruments and other documents executed in blank; 
 (C)         all Deposit Account Control Agreements, duly executed by
the corresponding Deposit Account Bank and Loan Party, that, in the reasonable judgment of the Administrative Agent, shall be required for the Loan Parties to comply with Section 7.13 (Control Accounts, Approved Deposit Accounts); and

 (D)         Securities Account Control Agreements
duly executed by the appropriate Loan Party and (1) all “securities intermediaries” (as defined in the UCC) with respect to all Securities Accounts and securities entitlements of the Borrower and each Guarantor and (2) all
“commodities intermediaries” (as defined in the UCC) with respect to all commodities contracts and commodities accounts held by the Borrower and each Guarantor; 
 (iv)         (a) Mortgages for all of the Real Properties of the
Loan Parties identified on Schedule 4.19 (Real Property) together with all Mortgage Supporting Documents relating thereto (except as may be agreed to by the Administrative Agent) and (b) amendments or modifications to existing Mortgages
identified on Schedule 4.19 (Real Property) together with all Mortgage Supporting Documents relating thereto; 
 (v)         a favorable opinion of (A) Alston & Bird, LLP, counsel to the Loan Parties, addressed to the Administrative Agent, the Collateral Agent
and the Lenders and in form satisfactory to the Administrative Agent, (B) Kelley Drye & Warren LLP, special counsel to the Loan Parties as to FCC matters, addressed to the Administrative Agent, the Collateral Agent and the Lenders and
in form satisfactory to the Administrative Agent, and (C) counsel to the Loan Parties in the States of Alabama, Florida, Georgia, South Carolina, and Tennessee, in each case, addressed to the Administrative Agent, the Collateral Agent and the
Lenders and addressing such other matters as any Lender through the Administrative Agent may reasonably request; 
 (vi)         a copy of each document executed by the Borrower, or its Subsidiaries, in connection with the redemption or repayment of the Existing Indebtedness, in
each case, certified as being complete and correct by a Responsible Officer of the Borrower; 
 (vii)         a copy of the articles or certificate of incorporation (or equivalent Constituent Document) of each Loan Party, certified as of a recent date by the Secretary of State of the state of
organization of such Loan Party, together with certificates of such official attesting to the good standing of each such Loan Party; 
 (viii)         a certificate of the Secretary or an Assistant Secretary of each Loan Party certifying (A) the names and true signatures of each officer of such
Loan Party that has been authorized to execute and deliver any Loan Document or other document required hereunder to be executed and delivered by or on behalf of such Loan Party, (B) the by-laws (or equivalent Constituent Document) of such Loan
Party as in effect on the date of such certification, (C) the resolutions of such Loan Party’s board of directors (or equivalent governing body) approving and authorizing the execution, delivery and performance of this Agreement and the
other Loan Documents to which it is a party and (D) that there have been no changes in the certificate of incorporation (or equivalent Constituent Document) of such Loan Party from the certificate of incorporation (or equivalent Constituent
Document) delivered pursuant to clause (viii) above; 
 (ix)         a certificate of the chief financial officer of the Borrower, stating that the Borrower is Solvent after giving effect to the incurrence of Indebtedness hereunder, the application of the
proceeds thereof in accordance with the terms of this Agreement and the payment of all estimated legal, accounting and other fees related thereto; 

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 (x)         a
certificate of a Responsible Officer to the effect that (A) the representations and warranties set forth in Article IV (Representations and Warranties) and in the other Loan Documents shall be true and correct on and as of the
Original Effective Date, (B) no Default or Event of Default shall exist or be continuing on the Original Effective Date after giving effect to the borrowings hereunder, (C) the making of the Loans on such date does not violate any
Requirement of Law on the date of or immediately following such date and is not enjoined, temporarily, preliminarily or permanently, (D) each condition set forth in Section 3.2(b) (Conditions Precedent to Each Loan and Letter of
Credit) and Section 3.1(h) has been satisfied, and (E) no litigation (except as set forth on Schedule 4.7 (Litigation)) has been commenced against any Loan Party or any of its Subsidiaries that would have a
Material Adverse Effect or could reasonably be expected to restrain, prevent or impose burdensome conditions on the Transactions; 
 (xi)         evidence satisfactory to the Administrative Agent that the insurance policies required by Section 7.5 (Maintenance of Insurance) and any
Collateral Document are in full force and effect, together with, unless otherwise agreed by the Administrative Agent, endorsements naming the Collateral Agent, on behalf of the Secured Parties, as an additional insured or loss payee under all
insurance policies to be maintained with respect to the properties of the Borrower and each other Loan Party; and 
 (xii)         a copy of each Related Document and each Disclosure Document, in each case, certified as being complete and correct by a Responsible Officer of the
Borrower. 
 (b)         Fees and Expenses Paid. There shall have
been paid to the Administrative Agent, for the account of the Administrative Agent and the Lenders, as applicable, all fees and expenses (including reasonable fees and expenses of counsel) due and payable on or before the Original Effective Date
(including all such fees described in the Fee Letter). 
 (c)        
Refinancing. Concurrently with the initial Borrowings hereunder, (i) the Existing Indebtedness shall be paid-in-full and commitments terminated on terms satisfactory to the Administrative Agent, (ii) the Existing Target Debt shall
be paid-in-full and commitments terminated on terms satisfactory to the Administrative Agent and (iii) the Administrative Agent shall have received a payoff letter duly executed and delivered by the Target and the applicable lenders or their
agent under the Existing Target Debt and evidence of the release, or arrangements therefor, of all related Liens and guarantees, and termination of commitments in each case, in form and substance satisfactory to the Administrative Agent. 

(d)         Debt Rating Condition. The Facilities shall have been rated by
S&P and by Moody’s. 
 (e)         Consents, Etc. The
Administrative Agent shall have received copies of all CATV Franchises (and resolutions relating thereto), Pole Agreements, Communications Licenses, Programming Agreements, Network Agreements in existence as of the Original Effective Date. Each of
the Borrower and its Subsidiaries shall have received all consents and authorizations required pursuant to any material Contractual Obligation with any other Person and shall have obtained all consents and Permits of, and effected all notices to and
filings with, any Governmental Authority, third parties, including, in each case, in connection with all Communications Licenses, CATV Franchises and PUC Authorizations, in each case, as may be necessary to allow each of the Borrower and its
Subsidiaries lawfully (i) to execute, deliver and perform, in all material respects, their respective obligations hereunder and under the Loan Documents, the Related Documents to which each of them, respectively, is, or shall be, a party and
each other agreement or instrument to be executed and delivered by each of them, respectively, pursuant thereto or in

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connection therewith and in connection with the Transactions (ii) other than those required consents identified in Schedule 4.2(b) (Regulatory Consents) hereof, to create and perfect
the Liens on the Collateral to be owned by each of them in the manner and for the purpose contemplated by the Loan Documents. The waiting period (and any extension thereof) applicable to the consummation of the Acquisition under the Hart Scott
Rodino Antitrust Improvements Act of 1976 shall have expired or been terminated without any action being taken by any Governmental Authority adverse to the consummation of the Acquisition. 
 (f)         Financial Statements. (i) The Administrative Agent shall
have received (and shall make available to the Lenders) (A) GAAP audited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows (x) of the Target and its Subsidiaries for the 2004 and 2005
Fiscal Years and (y) of the Borrower and its Subsidiaries for the 2004, 2005 and 2006 Fiscal Years, (B) GAAP unaudited condensed consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of the
Target and its Subsidiaries for (x) the 2006 Fiscal Year, (y) each Fiscal Quarter ended 30 days before the Original Effective Date and (z) each fiscal month after the most recent Fiscal Quarter for which financial statements were
received by the Administrative Agent and ended 30 days before the Original Effective Date, which financial statements, in each case, shall not be materially adversely inconsistent with the financial statements or forecasts previously provided to the
Administrative Agent and (iii) a certificate of the chief financial officer of the Borrower stating that, to the best of such officer’s knowledge, the financial statements delivered pursuant to this clause (i) are accurate and
complete in all respects. 
 (ii)         The
Administrative Agent shall have received (and shall make available to the Lenders) a pro forma consolidated balance sheet and related pro forma consolidated statements of income and cash flows of the Borrower and its Subsidiaries for
the twelve-month period ending on the last day of the most recently completed four-Fiscal Quarter period, prepared after giving effect to the Transactions, as if the Transactions had occurred as of such date (in the case of such balance sheet) or at
the beginning of such period (in the case of such other financial statements), which financial statements shall not be materially adversely inconsistent with the forecasts previously provided to the Agent. 
 (g)         Regulatory Compliance. The Administrative Agent shall have
received, at least five Business Days prior to the Original Effective Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and
regulations, including the Patriot Act. 
 (h)         Related
Documents. The Administrative Agent shall be satisfied that (i) the terms and conditions of the Merger Agreement shall not have been amended, waived or modified without the approval of the Administrative Agent (other than non-material
amendments, waivers and modifications to such terms that do not, in the aggregate, materially adversely affect the interests of the Administrative Agent and the Lenders), (ii) the Merger Agreement or the other Related Documents shall have been
approved by all corporate action of the Borrower and each of the other parties thereto, shall have been executed and delivered by each such party, shall be in full force and effect and there shall not have occurred and be continuing any material
breach or default thereunder, (iii) subject only to the funding of the Loans on the Original Effective Date, all conditions precedent to the consummation of the Acquisition shall have been satisfied or waived with the consent of the
Administrative Agent, (iv) subject only to the funding of the initial Loans hereunder, the Acquisition shall have been consummated in accordance with the Merger Agreement and all applicable Requirements of Law and all representations and
warranties contained in the Merger Agreement and the other Related Documents shall be true and correct in all material respects on the Original Effective Date and (v) good and marketable title to the assets purported to be transferred as of the
Original Effective Date by the terms of the Merger Agreement and the Related Documents, free and clear of all Liens (other than Liens permitted pursuant to Section 8.2 (Liens, Etc.)), shall be transferred to the Borrower concurrently
with the making of the initial Loans under this Agreement. 

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 (i)         Target Material
Adverse Effect. Since January 8, 2006, there shall not have occurred a Target Material Adverse Effect. 
 (j)         Original Effective Date. The Original Effective Date shall have occurred on or prior to September 14, 2007. 
 Section 3.2         Conditions Precedent to Each Loan and Letter of
Credit 
 The obligation of each Lender on any date (including the Original Effective Date) to make any
Loan and of each Issuer on any date (including the Original Effective Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent: 
 (a)         Request for Borrowing or Issuance of Letter of Credit. With
respect to any Loan, the Administrative Agent shall have received a duly executed Notice of Borrowing (or, in the case of Swing Loans, a duly executed Swing Loan Request), and, with respect to any Letter of Credit, the Administrative Agent and the
Issuer shall have received a duly executed Letter of Credit Request. 
 (b)         Representations and Warranties; No Defaults. The following statements shall be true on the date of such Loan or Issuance, both before and after giving effect thereto and, in the
case of any Loan, to the application of the proceeds thereof: 
 (i)         the representations and warranties set forth in Article IV (Representations and Warranties) and in the other Loan Documents shall be true and correct on and as of the
Original Effective Date and shall be true and correct in all material respects on and as of any such date after the Original Effective Date with the same effect as though made on and as of such date, except to the extent such representations and
warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date; provided, however, that solely for purposes of
representations and warranties made on the Original Effective Date with respect to the Target and its Subsidiaries, such representations and warranties shall be limited to the Specified Representations; and 
 (ii)         no Default or Event of Default shall have occurred and
be continuing. 
 (c)         No Legal Impediments. The making of
the Loans or the Issuance of such Letter of Credit on such date does not violate any Requirement of Law on the date of or immediately following such Loan or Issuance of such Letter of Credit and is not enjoined, temporarily, preliminarily or
permanently. 
 Each submission by the Borrower to the Administrative Agent of a Notice of Borrowing or a Swing Loan Request and
the acceptance by the Borrower of the proceeds of each Loan requested therein, and each submission by the Borrower to an Issuer of a Letter of Credit Request, and the Issuance of each Letter of Credit requested therein, shall be deemed to constitute
a representation and warranty by the Borrower as to the matters specified in clause (b) above on the date of the making of such Loan or the Issuance of such Letter of Credit. 
 Section 3.3         Conditions to Each Term Facility Increase.

 Each Term Facility Increase shall not become effective prior to the satisfaction of all of the following
conditions precedent: 
 (a)         Certain Documents. The
Administrative Agent shall have received on or prior to the Term Facility Increase Date for such Term Facility Increase each of the following, each dated such Term Facility Increase Date unless otherwise indicated or agreed to by the Administrative
Agent and each in form and substance satisfactory to the Administrative Agent: 

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 (i)        
written commitments duly executed by existing Lenders (or their Affiliates or Approved Funds) or Eligible Assignees or by other Persons that become Lenders in an aggregate amount equal to the amount of the proposed Term Facility Increase (as agreed
between the Borrower and the Administrative Agent but in any case not to exceed, in the aggregate for all such Term Facility Increases, the maximum amount set forth in Section 2.1(c) and, in the case of each such Eligible Assignee or
Affiliate or Approved Fund that is not an existing Lender, an assumption agreement in form and substance satisfactory to the Administrative Agent and duly executed by the Borrower, the Administrative Agent and such Affiliate, Approved Fund or
Eligible Assignee; 
 (ii)         an amendment to this
Agreement (including to Schedule II), effective as of the Term Facility Increase Date and executed by the Borrower and the Administrative Agent, to the extent necessary to implement terms and conditions of the Term Facility Increase
(including interest rates, fees and scheduled repayment dates and maturity), as agreed by the Borrower and the Administrative Agent; 
 (iii)         certified copies of resolutions of the Board of Directors of the Borrower and each Guarantor approving the consummation of such Term Facility Increase
and the execution, delivery and performance of the corresponding amendments to this Agreement and the other documents to be executed in connection therewith; 
 (iv)         a favorable opinion of counsel for the Borrower and each Guarantor, addressed to the Administrative Agent and the Lenders and in
form and substance and from counsel reasonably satisfactory to the Administrative Agent; and 
 (v)         such other documents as the Administrative Agent may reasonably request or as any Lender participating in such Term Facility Increase may require as a condition to its commitment in such
Term Facility Increase. 
 (b)         Fee and Expenses Paid.
There shall have been paid to the Administrative Agent, for the account of the Administrative Agent and the Lenders participating in such Term Facility Increase on such Term Facility Increase Date, as applicable, all fees and expenses (including
reasonable fees and expenses of counsel) due and payable on or before the Term Facility Increase Date. 
 (c)         Conditions to Each Loan and Letter of Credit. (i) The conditions precedent set forth in Section 3.2 (Conditions Precedent to Each Loan and Letter of Credit) shall
have been satisfied both before and after giving effect to such Term Facility Increase, (ii) such Term Facility Increase shall be made on the terms and conditions set forth in Section 2.1(c) (Term Facility Increase) and
(iii) the Borrower shall be in compliance with the financial covenants contained in Sections 5.1 and 5.2 (Financial Covenants) on such Term Facility Increase Date for the most recently ended Fiscal Quarter on a pro forma basis
both before and after giving effect to such Facilities Increase (and, if such Fiscal Quarter ends prior to September 30, 2007, using the covenant levels for the Fiscal Quarter ending September 30, 2007). 
 Section 3.4         Determinations of Initial Borrowing Conditions

 For purposes of determining compliance with the conditions specified in Section 3.1 (Conditions
Precedent to Initial Loans and Letters of Credit), each Lender shall be deemed to have consented to, approved, accepted or be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or
satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the initial Borrowing, borrowing of Swing Loans or
Issuance or

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deemed Issuance hereunder specifying its objection thereto and such Lender shall not have made available to the Administrative Agent such Lender’s Ratable Portion of such Borrowing or Swing
Loans. In the event one or more of the conditions specified in Sections 3.1(a)(iii)(C), (a)(iv) or (a)(vii) or 3.1(e) (Conditions Precedent to Initial Loans and Letters of Credit) is not satisfied on the proposed Original Effective Date, the
Administrative Agent may, at its discretion but without any obligation to the Borrower to do so, enter into a customary post-closing agreement with the Borrower that would set forth the extent of any obligation on the part of the Borrower to satisfy
such condition after the Original Effective Date and the date by which such condition must be satisfied, together with any additional covenants relating to such condition. 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 To induce the Lenders, the Issuers and the Administrative Agent to enter into this Agreement, the Borrower represents and
warrants each of the following to the Lenders, the Issuers and the Administrative Agent, on and as of the Original Effective Date and after giving effect to the Acquisition and the making of the Loans and the other financial accommodations on the
Original Effective Date and on and as of each date as required by Section 3.2(b)(i) (Conditions Precedent to Each Loan and Letter of Credit): 
 Section 4.1         Corporate Existence; Compliance with Law 
 The Borrower and each of the Borrower’s Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization,
(b) is duly qualified to do business as a foreign entity and in good standing under the laws of each jurisdiction where such qualification is necessary, except where the failure to be so qualified or in good standing would not, in the
aggregate, have a Material Adverse Effect, (c) has all requisite power and authority and the legal right to own, pledge, mortgage and operate its properties, to lease the property it operates under lease and to conduct its business as now or
currently proposed to be conducted, (d) is in compliance with its Constituent Documents, (e) is in compliance with all applicable Requirements of Law except where the failure to be in compliance would not, in the aggregate, have a Material
Adverse Effect and (f) has all necessary Permits from or by, has made all necessary filings with, and has given all necessary notices to, each Governmental Authority having jurisdiction, to the extent required for such ownership, operation and
conduct, except for Permits or filings that can be obtained or made by the taking of ministerial action to secure the grant or transfer thereof or the failure to obtain or make would not, in the aggregate, have a Material Adverse Effect. 

Section 4.2         Corporate Power; Authorization; Enforceable
Obligations 
 (a)         The execution, delivery and
performance by each Loan Party of the Loan Documents to which it is a party and the consummation of the transactions contemplated thereby: 
 (i)         are within such Loan Party’s corporate, limited liability company, partnership or other powers; 
 (ii)         have been or, at the time of delivery thereof pursuant
to Article III (Conditions To Loans And Letters Of Credit) will have been duly authorized by all necessary action, including the consent of shareholders, partners and members where required; 
 (iii)         do not and will not (A) contravene or violate
such Loan Party’s or any of its Subsidiaries’ respective Constituent Documents, (B) violate any other Requirement of Law applicable to such Loan Party (including Regulations T, U and X of the Federal Reserve Board), or any order or
decree of any Governmental Authority or arbitrator applicable to such Loan Party, (C) conflict with or result in the breach of, or constitute a default under, or result in

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or permit the termination or acceleration of, any material Contractual Obligation or Related Document of such Loan Party or any of its Subsidiaries or (D) result in the creation or
imposition of any Lien upon any property of such Loan Party or any of its Subsidiaries, other than those in favor of the Secured Parties pursuant to the Collateral Documents; and 
 (iv)         do not require the consent of, authorization by,
approval of, notice to, or filing or registration with, any Governmental Authority or any other Person (other than those listed on Schedule 4.2(a) (Consents)) and such consents, authorizations, approvals, notices, filings or
registrations, if any, will be, on or prior to the Original Effective Date (except as set forth on Schedule 4.2(b), which schedule may be amended on or prior to the Original Effective Date with the consent of the Administrative Agent)),
obtained or made, copies of which will be delivered to the Administrative Agent on or prior to the Original Effective Date pursuant to Section 3.1 (Conditions Precedent to Initial Loans and Letters of Credit), and each of which on the
Original Effective Date will be in full force and effect and, with respect to the Collateral, filings required to perfect the Liens created by the Collateral Documents. 
 (b)         This Agreement has been, and each of the other Loan Documents will have been upon delivery thereof pursuant to the terms of this
Agreement, duly executed and delivered by each Loan Party party thereto. This Agreement is, and the other Loan Documents will be, when delivered hereunder, the legal, valid and binding obligation of each Loan Party party thereto, enforceable against
such Loan Party in accordance with its terms. 
 Section
4.3         Ownership of Borrower; Subsidiaries 
 (a)         All of the outstanding capital stock of the Borrower has been validly issued, is fully paid and non-assessable. As of the Second Amendment Effective Date, no Stock of the Borrower is
subject to any option, warrant, right of conversion or purchase or any similar right except as disclosed in the Disclosure Documents. As of the Second Amendment Effective Date, there are no agreements or understandings to which the Borrower is a
party with respect to the voting, sale or transfer of any shares of Stock of the Borrower or any agreement restricting the transfer or hypothecation of any such shares. 
 (b)         Set forth on Schedule 4.3 (Ownership of Subsidiaries) is a complete and accurate list showing, as of the Second
Amendment Effective Date, all Subsidiaries of the Borrower and, as to each such Subsidiary, the jurisdiction of its organization, the number of shares of each class of Stock authorized (if applicable), the number outstanding on the Second Amendment
Effective Date and the number and percentage of the outstanding shares of each such class owned (directly or indirectly) by the Borrower. No Stock or any Subsidiary of the Borrower is subject to any outstanding option, warrant, right of conversion
or purchase of any similar right. All of the outstanding Stock of each Subsidiary of the Borrower owned (directly or indirectly) by the Borrower has been validly issued, is fully paid and non-assessable (to the extent applicable) and is owned by the
Borrower or a Subsidiary of the Borrower, free and clear of all Liens (other than the Lien in favor of the Secured Parties created pursuant to the Pledge and Security Agreement), options, warrants, rights of conversion or purchase or any similar
rights. Neither the Borrower nor any such Subsidiary is a party to, or has knowledge of, any agreement restricting the transfer or hypothecation of any Stock of any such Subsidiary, other than the Loan Documents. Borrower does not own or hold,
directly or indirectly, any Stock of any Person other than such Subsidiaries and Investments permitted by Section 8.3 (Investments). 
 Section 4.4         Financial Statements 
 (a)         The audited Consolidated balance sheets of the Borrower and its Subsidiaries and related audited Consolidated statements of income, retained earnings
and cash flows of the Borrower and its Subsidiaries delivered to the Administrative Agent pursuant to Section 3.1(f) (Conditions Precedent to Initial Loans and Letters of Credit) fairly present the Consolidated financial condition of the
Borrower and its Subsidiaries as at such dates and the Consolidated results of the operations of the Borrower and its Subsidiaries for the period ended on such dates, as applicable, all in conformity with GAAP. 

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 (b)         Neither the Borrower
nor any of the Borrower’s Subsidiaries has any material obligation, contingent liability or liability for taxes, long-term leases or unusual forward or long-term commitment that is not reflected in the Financial Statements referred to in
clause (a) above or in the notes thereto and not otherwise permitted by this Agreement. 
 (c)         The Projections have been prepared by the Borrower in light of the past operations of its business and are based upon estimates and assumptions stated therein, all of which the Borrower
believes to be reasonable and fair in light of current conditions and current facts known to the Borrower and, as of the Original Effective Date, reflect the Borrower’s good faith and reasonable estimates of the future financial performance of
the Borrower and its Subsidiaries and of the other information projected therein for the periods set forth therein. 
 (d)         The unaudited Consolidated balance sheets of the Borrower and its Subsidiaries and related statements of income, stockholders’ equity and cash flows of the Borrower and its
Subsidiaries delivered to the Administrative Agent pursuant to Section 3.1(f) (Conditions Precedent to Initial Loans and Letters of Credit) have been prepared and reflect, as of the respective dates indicated, the Consolidated financial
condition of the Borrower and its Subsidiaries. 
 Section
4.5         Material Adverse Change 
 Since December 31,
2005, there has been no Material Adverse Change and there have been no events or developments that, in the aggregate, have had a Material Adverse Effect. 
 Section 4.6         Solvency 
 Both before and after giving effect to (a) the extensions of credit under this Agreement to be made on the Original Effective Date or such other date as requested hereunder, (b) the disbursement
by the Borrower of the proceeds thereof as contemplated by this Agreement, (c) the consummation of the Acquisition and (d) the payment and accrual of all transaction costs in connection with the foregoing, each Loan Party is Solvent.

 Section 4.7         Litigation 
 Except as set forth on Schedule 4.7 (Litigation), there are no pending or, to the knowledge of the Borrower,
threatened actions, investigations or proceedings affecting the Borrower or any of its Subsidiaries before any court, Governmental Authority or arbitrator other than those that, in the aggregate, would not have a Material Adverse Effect. The
performance of any action by any Loan Party required or contemplated by any Loan Document or Related Document is not restrained or enjoined (either temporarily, preliminarily or permanently). 
 Section 4.8         Taxes 
 (a)         All federal, state, local and foreign income and franchise and other
material tax returns, reports and statements (collectively, the “Tax Returns”) required to be filed by the Borrower or any of its Tax Affiliates have been filed with the appropriate Governmental Authorities in all jurisdictions in
which such Tax Returns are required to be filed, all such Tax Returns are true and correct in all material respects, and all taxes, charges and other impositions reflected therein or otherwise due and payable have been paid prior to the date on
which any fine, penalty, interest, late charge or loss may be added thereto for non-payment thereof except where contested in good faith and by appropriate proceedings if adequate reserves therefor have been established on the books of the Borrower
or such Tax Affiliate in conformity with GAAP. No Tax Return is under audit or examination by any Governmental Authority and no notice of

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such an audit or examination or any assertion of any claim for Taxes has been given or made by any Governmental Authority. Proper and accurate amounts have been withheld by the Borrower and each
of its Tax Affiliates from their respective employees for all periods in full and complete compliance with the tax, social security and unemployment withholding provisions of applicable Requirements of Law and such withholdings have been timely paid
to the respective Governmental Authorities. 
 (b)         None of the
Borrower or any of its Tax Affiliates has (i) executed or filed with the IRS or any other Governmental Authority any agreement or other document extending, or having the effect of extending, the period for the filing of any Tax Return or the
assessment or collection of any charges, (ii) incurred any obligation under any tax sharing agreement or arrangement other than those of which the Administrative Agent has received a copy prior to the date hereof or (iii) been a member of
an affiliated, combined or unitary group other than the group of which the Borrower (or its Tax Affiliate) is the common parent. 
 Section 4.9         Full Disclosure 
 All information prepared or furnished by or on behalf of the Borrower in connection with this Agreement, the Related Documents or the consummation of the Transactions, taken as a whole, including the
information contained in the Confidential Information Memorandum and in the Disclosure Documents, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein or herein
not misleading. 
 Section 4.10         Margin Regulations

 The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying
margin stock (within the meaning of Regulation U of the Federal Reserve Board), and no proceeds of any Loan will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such
margin stock in contravention of Regulation T, U or X of the Federal Reserve Board. 
 Section
4.11         No Burdensome Restrictions; No Defaults 
 (a)         Neither the Borrower nor any Subsidiary of the Borrower is subject to one or more charter or corporate restrictions that would, in the aggregate, have a Material Adverse Effect.

 (b)         Neither the Borrower nor any Subsidiary of the Borrower
is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the Borrower, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Subsidiary of any
Loan Party, other than, in either case, those defaults that, in the aggregate, would not have a Material Adverse Effect. 
 (c)         No Default or Event of Default has occurred and is continuing. 
 (d)         To the best knowledge of the Borrower, there are no Requirements of Law applicable to any Loan Party or any Subsidiary of any Loan
Party the compliance with which by such Loan Party or such Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect. 
 Section 4.12         Investment Company Act 
 None of the Borrower or any Subsidiary of the Borrower is (a) an “investment company” or an “affiliated person” of, or “promoter” or
“principal underwriter” for, an “investment company,” as such terms are defined in the Investment Company Act of 1940, as amended. 

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 Section 4.13         Use
of Proceeds 
 The proceeds of the Term Loans are being used by the Borrower (and, to the extent
distributed to them by the Borrower, each other Loan Party) solely (a) to refinance all Existing Indebtedness and Existing Target Debt and related transaction costs, fees and expenses, (b) for the payment of the Transaction Costs,
(c) to pay the Net Merger Consideration in connection with the Acquisition and (d) to pay a portion of the Graceba Merger Consideration in connection with the Graceba Acquisition. The proceeds of the Revolving Loans and Letters of Credit
will be used by the Borrower (and, to the extent distributed to them by the Borrower, each other Loan Party) solely to provide for working capital and for general corporate purposes. Letters of Credit will be used solely to support payment
obligations incurred in the ordinary course of business by the Borrower and its Subsidiaries. 
 Section
4.14         Insurance 
 All policies of insurance of any kind
or nature of the Borrower or any of its Subsidiaries, including policies of life, fire, theft, product liability, public liability, property damage, other casualty, employee fidelity, workers’ compensation and employee health and welfare
insurance, are in full force and effect and are of a nature and provide such coverage as is sufficient and as is customarily carried by businesses of the size and character of such Person. None of the Borrower or any of its Subsidiaries has been
refused insurance for any material coverage for which it had applied or had any policy of insurance terminated (other than at its request). 
 Section 4.15         Labor Matters 
 (a)         There are no strikes, work stoppages, slowdowns or lockouts pending or threatened against or involving the Borrower or any of its Subsidiaries, other
than those that, in the aggregate, would not have a Material Adverse Effect. 
 (b)         There are no unfair labor practices, grievances, complaints or arbitrations pending, or, to the Borrower’s knowledge, threatened, against or involving the Borrower or any of its
Subsidiaries, nor are there any arbitrations or grievances threatened involving the Borrower or any of its Subsidiaries, other than those that, in the aggregate, would not have a Material Adverse Effect. 
 (c)         Except as set forth on Schedule 4.15 (Labor Matters), as
of the Original Effective Date (after giving effect to the Transactions), there is no collective bargaining agreement covering any employee of the Borrower or its Subsidiaries. 
 (d)         Schedule 4.15 (Labor Matters) sets forth, as of the Original Effective Date (after giving effect to the
Transactions), all material consulting agreements, executive employment agreements, executive compensation plans, deferred compensation agreements, employee stock purchase and stock option plans and severance plans of the Borrower and any of its
Subsidiaries. 
 Section 4.16         ERISA 
 (a)         Schedule 4.16 (List of Plans) separately identifies as of
the Original Effective Date (after giving effect to the Transactions), all Title IV Plans, all Multiemployer Plans and all of the employee benefit plans within the meaning of Section 3(3) of ERISA to which the Borrower or any of its
Subsidiaries has any obligation or liability, contingent or otherwise. 
 (b)         Each employee benefit plan of the Borrower or any of the Borrower’s Subsidiaries intended to qualify under Section 401 of the Code does so qualify, and any trust created
thereunder is exempt from tax under the provisions of Section 501 of the Code, except where such failures, in the aggregate, would not have a Material Adverse Effect. 

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 (c)         Each Title IV Plan
is in compliance in all material respects with applicable provisions of ERISA, the Code and other Requirements of Law except for noncompliances that, in the aggregate, would not have a Material Adverse Effect. 
 (d)         There has been no, nor is there reasonably expected to occur, any ERISA
Event other than those that, in the aggregate, would not have a Material Adverse Effect. 
 (e)         Except to the extent set forth on Schedule 4.16 (List of Plans), none of the Borrower nor any of the Borrower’s Subsidiaries or any ERISA Affiliate would have any
Withdrawal Liability as a result of a complete withdrawal as of the Original Effective Date (after giving effect to the Transactions) from any Multiemployer Plan. 
 Section 4.17         Environmental Matters 
 (a)         The operations of the Borrower and each of its Subsidiaries have been and are in compliance with all Environmental Laws, including
obtaining and complying with all required environmental, health and safety Permits, other than non-compliances that, in the aggregate, would not have a reasonable likelihood of the Borrower and its Subsidiaries incurring Environmental Liabilities
and Costs after the date hereof which would exceed $5,000,000. 
 (b)         None of the Borrower or any of its Subsidiaries or any Real Property currently or, to the knowledge of the Borrower, previously owned, operated or leased by or for the Borrower or any of
its Subsidiaries is subject to any pending or, to the knowledge of the Borrower, threatened, claim, order, agreement, notice of violation, notice of potential liability or is the subject of any pending or threatened proceeding or governmental
investigation under or pursuant to Environmental Laws other than those that, in the aggregate, are not reasonably likely to result in the Borrower and its Subsidiaries incurring Environmental Liabilities and Costs which would exceed $5,000,000.

 (c)         Except as disclosed on Schedule 4.17
(Environmental Matters), none of the Borrower or any of its Subsidiaries is a treatment, storage or disposal facility requiring a Permit under the Resource Conservation and Recovery Act, 42 U.S.C. § 6901 et seq., the regulations
thereunder or any state analog. 
 (d)         There are no facts,
circumstances or conditions arising out of or relating to the operations or ownership of the Borrower or of Real Property owned, operated or leased by the Borrower or any of its Subsidiaries that are not specifically included in the financial
information furnished to the Lenders other than those that, in the aggregate, would not have a reasonable likelihood of the Borrower and its Subsidiaries incurring Environmental Liabilities and Costs in excess of $5,000,000. 
 (e)         As of the date hereof, no Environmental Lien has attached to any
property of the Borrower or any of its Subsidiaries and, to the knowledge of the Borrower, no facts, circumstances or conditions exist that could reasonably be expected to result in any such Lien attaching to any such property. 
 (f)         The Borrower and each of its Subsidiaries has provided the Lenders with
copies of all environmental, health or safety audits, studies, assessments, inspections, investigations or other environmental health and safety reports relating to the operations of the Borrower or any of its Subsidiaries or any Real Property of
any of them that are in the possession, custody or control of the Borrower or any of its Subsidiaries. 
 Section 4.18         Intellectual Property 
 The
Borrower and its Subsidiaries own or license or otherwise have the right to use all licenses, permits, patents, patent applications, trademarks, trademark applications, service marks, trade names, copyrights, copyright applications, Internet domain
names, franchises, authorizations and other

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intellectual property rights (including all Intellectual Property as defined in the Pledge and Security Agreement) that are necessary for the operations of their respective businesses, without
infringement upon or conflict with the rights of any other Person with respect thereto, including all trade names associated with any private label brands of the Borrower or any of its Subsidiaries, except those that would not have a Material
Adverse Effect. To the Borrower’s knowledge, no license, permit, patent, patent application, trademark, trademark application, service mark, trade name, copyright, copyright application, Internet domain name, franchise, authorization, other
intellectual property right (including all “Intellectual Property” as defined in the Pledge and Security Agreement), slogan or other advertising device, product, process, method, substance, part or component, or other material now
employed, or now contemplated to be employed, by the Borrower or any of its Subsidiaries infringes upon or conflicts with any rights owned by any other Person, and no claim or litigation regarding any of the foregoing is pending or threatened,
except those that would not have a Material Adverse Effect. 
 Section
4.19         Title; Real Property 
 (a)         Each of the Borrower and its Subsidiaries has good and marketable title to, or valid leasehold interests in, all Real Property and good title to all personal property, in each case that is
purported to be owned or leased by it, including those reflected on the most recent Financial Statements delivered by the Borrower, and none of such properties and assets is subject to any Lien, except Liens permitted under Section 8.2
(Liens, Etc.). The Borrower and its Subsidiaries have received all deeds, assignments, waivers, consents, non-disturbance and recognition or similar agreements, bills of sale and other documents in respect of, and have duly effected all
recordings, filings and other actions necessary to establish, protect and perfect, the Borrower’s and its Subsidiaries’ right, title and interest in and to all such property. 
 (b)         Set forth on Schedule 4.19 (Real Property) is a complete and
accurate list of all Real Property of each Loan Party and showing, as of the Original Effective Date, the current street address (including, where applicable, county, state and other relevant jurisdictions), record owner and, where applicable,
lessee thereof. 
 (c)         As of the Original Effective Date, no
Loan Party nor any of its Subsidiaries owns or holds, or is obligated under or a party to, any lease, option, right of first refusal or other contractual right to purchase, acquire, sell, assign, dispose of or lease any Real Property of such Loan
Party or any of its Subsidiaries. 
 (d)         As of the Original
Effective Date, no portion of any Real Property of any Loan Party or any of its Subsidiaries has suffered any material damage by fire or other casualty loss that has not heretofore been completely repaired and restored to its original condition.
Except as disclosed to the Administrative Agent, no portion of any Real Property of any Loan Party or any of its Subsidiaries is located in a special flood hazard area as designated by any federal Governmental Authority. 
 (e)         All Permits required to have been issued or appropriate to enable all
Real Property of the Borrower or any of its Subsidiaries to be lawfully occupied and used for all of the purposes for which they are currently occupied and used have been lawfully issued and are in full force and effect, other than those that, in
the aggregate, would not have a Material Adverse Effect. 
 (f)        
None of the Borrower or any of its Subsidiaries has received any notice, or has any knowledge, of any pending, threatened or contemplated condemnation proceeding affecting any Real Property of the Borrower or any of its Subsidiaries or any part
thereof, except those that, in the aggregate, would not have a Material Adverse Effect. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 4.20        
Interactive Broadband Networks and Communications Law Matters. 
 (a)         Interactive Broadband Networks. Schedule 4.20(a) hereto sets forth, as of the Original Effective Date, a true and complete list of each Interactive Broadband Network owned or
operated by any Loan Party identified by the jurisdiction served by such Interactive Broadband Network. 
 (b)         CATV Franchises. Schedule 4.20(b) hereto sets forth, as of the Original Effective Date, a true and complete list of the CATV Franchises (and expiration dates thereof) of each Loan
Party and the jurisdiction served thereby. 
 (c)         Local
Authorizations. Schedule 4.20(c) hereto sets forth, as of the Original Effective Date, a true and complete list of all Communications Licenses and other PUC Authorizations (and the expiration dates thereof) of each Loan Party pertaining
to the provision of local telecommunications services and high-speed internet access and, if applicable, the jurisdiction served thereby. 
 (d)         Long Distance Authorizations. Schedule 4.20(d) hereto sets forth, as of the Original Effective Date, a true and complete list of all
Communications Licenses and other PUC Authorizations (and the expiration dates thereof) of each Loan Party pertaining to the provision of long distance telecommunications services and high-speed internet access and, if applicable, the jurisdiction
served thereby. 
 (e)         Other Authorizations. Schedule
4.20(e) hereto sets forth, as of the Original Effective Date, a true and complete list of all Communications Licenses and other PUC Authorizations (and the expiration dates thereof) not listed on any other Schedule hereto of any Loan Party, and,
if applicable, the jurisdiction served thereby. 
 (f)        
Network Agreements. Schedule 4.20(f) hereto sets forth, as of the Original Effective Date, a true and complete list of the Network Agreements of each Loan Party which constitute material Contractual Obligations, each of which is in
full force and effect and neither any Loan Party nor, to the best knowledge of any Loan Party, any of the other parties thereto, is in default of any of the provisions thereof in any material respect. 
 (g)         Communications Law. No Loan Party is in violation of any duty or
obligation required by any Communications Law, the Cable Act or any other Requirement of Law pertaining to or regulating the operation of any Interactive Broadband Network or the provision of Broadband Services, except where such violation could not
reasonably be expected to result in a Material Adverse Effect. 
 (h)         Broadband Approvals. Each Loan Party possess approvals from each Governmental Authority necessary to own and operate any Interactive Broadband Network or any other long distance
telecommunications systems presently operated by such Loan Party or otherwise for the operations of their businesses and are not in violation thereof, except where the failure to so possess could not reasonably be expected to have a Material Adverse
Effect. All material approvals from each Governmental Authority are in full force and effect and no event has occurred that permits, or after notice or lapse of time could permit, the revocation, termination or material and adverse modification of
any such approval. 
 (i)         Communications Licenses. There
is not pending or, to the best knowledge of any Loan Party, threatened, any action by the FCC or any other Governmental Authority to revoke, cancel, suspend or refuse to renew any Communications License, CATV Franchise or PUC Authorization held by
any Loan Party or any of its Subsidiaries. There is not pending or, to the best knowledge of any Loan Party, threatened, any action by the FCC or any other Governmental Authority to modify adversely, revoke, cancel, suspend or refuse to renew any
other approvals from any Governmental Authority. To the knowledge of the Loan Parties, no event has occurred and is continuing which could reasonably be expected to (i) result in the imposition of a material forfeiture or the revocation,
termination or adverse modification of any such Communications License or PUC Authorization or (ii) materially and adversely affect any rights of any Loan Party thereunder. Each Loan Party has no reason to believe and has no knowledge that any
of its Communications Licenses or PUC Authorizations will fail to be renewed in the ordinary course. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (j)         Rate
Regulation. Except as set forth on Schedule 4.20(j), as of the Original Effective Date, no franchising authority has notified any Loan Party of its application to be certified to regulate rates as provided in Section 76.910 of the
FCC rules implementing the rate regulation provisions of the Cable Act and no Governmental Authority that has issued a CATV Franchise to any Loan Party has notified any Loan Party that it has been certified and has adopted regulations required to
commence regulation as provided in Section 76.910(c)(2) of such rate regulation rules. 
 (k)         Proceedings. There is not issued or outstanding or, to the best knowledge of any Loan Party, threatened, any notice of any hearing, violation or complaint against any Loan Party
with respect to the provision of Broadband Services by any Loan Party or with respect to the operation of any portion of any Interactive Broadband Network, except for any such hearing, violation or complaint which could not reasonably be expected to
have a Material Adverse Effect and, as of the Original Effective Date, no Loan Party has any knowledge that any Person intends to contest renewal of any Communication License, PUC Authorization, CATV Franchise or other approval from any Governmental
Authority or Pole Agreement. 
 (l)         Copyrights. All
notices, statements of account, supplements and other documents required under Section 111 of the Copyright Act of 1976 and under the rules of the Copyright Office with respect to the carriage of off-air signals by the Interactive Broadband
Networks have been duly filed, and the proper amount of copyright fees have been paid on a timely basis, and each such Interactive Broadband Network qualifies for the compulsory license under Section 111 of the Copyright Act of 1976, except
where failure to so file, pay or qualify could not reasonably be expected to result in a Material Adverse Effect. 
 (m)         Off-air Signals. The carriage of all off-air signals by the Interactive Broadband Networks is permitted by valid retransmission consent agreements or by must-carry elections by
broadcasters, or is otherwise permitted under Requirement of Law. 
 (n)         Condition of Systems. All of the material properties, equipment and systems of each Loan Party, including the Interactive Broadband Networks, are, and all those to be added in
connection with any contemplated system expansion or construction will be, in good repair and condition, ordinary wear and tear excepted, and in working order and condition which is in accordance with applicable industry standards, and are and will
be in compliance with all standards or rules imposed by any Governmental Authority, except where failure to be in such condition or to so comply could not reasonably be expected to result in a Material Adverse Effect. 
 (o)         Fees. Each Loan Party has paid all franchise, license or other
fees and charges material to the CATV Franchises, Communications Licenses, PUC Authorizations, any Interactive Broadband Network and other matters respecting the operation of its business which have become due pursuant to any approval from any
Governmental Authority or other permit in respect of its business, except where the failure to so pay could not reasonably be expected to result in a Material Adverse Effect. 
 Section 4.21         Prohibited Persons; Trade Restrictions 
 No Loan Party nor any of their respective Affiliates is a Prohibited Person. None of the funds or other assets of any Loan
Party constitute property of, or are beneficially owned, directly or indirectly, by any person, entity or government subject to trade restrictions under U.S. law, including the International Emergency Economic Powers Act, The Trading with the Enemy
Act, and any Executive Orders or regulations promulgated thereunder with the result that any transaction contemplated by this Agreement (whether directly or indirectly), is prohibited by law or the Loans or any extensions of credit hereunder are in
violation of law. None of the funds of any Loan Party have been derived from any unlawful activity with the result that any transaction contemplated by this Agreement (whether directly or indirectly), is prohibited by law or the Loans or any
extensions of credit hereunder are in violation of law. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 4.22        
Related Documents 
 (a)         The execution, delivery and
performance by each Loan Party of the Related Documents to which it is a party and the consummation of the transactions contemplated thereby by such Loan Party: 
 (i)         are within such Loan Party’s respective corporate, limited liability company, partnership or other powers; 
 (ii)         have been duly authorized by all necessary corporate or
other action, including the consent of stockholders where required; 
 (iii)         do not and will not (A) contravene or violate any Loan Party’s or any of its Subsidiaries’ respective Constituent Documents, (B) violate any other Requirement of Law
applicable to any Loan Party, or any order or decree of any Governmental Authority or arbitrator, (C) conflict with or result in the breach of, constitute a default under, or result in or permit the termination or acceleration of, any
Contractual Obligation of any Loan Party or any of its Subsidiaries (other than a Contractual Obligation to be terminated effective upon the consummation of the Acquisition) or (D) result in the creation or imposition of any Lien upon any
property of any Loan Party or any of its Subsidiaries other than a Lien permitted under Section 8.2 (Liens, Etc.); and 
 (iv)         do not require the consent of, authorization by, approval of, notice to, or filing or registration with, any Governmental Authority or any other
Person, other than those that will have been obtained at the Original Effective Date, each of which will be in full force and effect on the Original Effective Date, none of which will on the Original Effective Date impose materially adverse
conditions upon the exercise of control by Holdings over the Borrower or by the Borrower over any of its Subsidiaries. 
 (b)         Each of the Related Documents has been or at the Original Effective Date will have been duly executed and delivered by each Loan Party party thereto and at the Original Effective Date will
be the legal, valid and binding obligation of each Loan Party party thereto, enforceable against such Loan Party in accordance with its terms. 
 (c)         None of the Related Documents has been amended or modified in any respect and no provision therein has been waived, except in each case to the extent
permitted by Section 8.12 (Modification of Related Documents), and each of the representations and warranties therein are true and correct in all material respects and no default or event that, with the giving of notice or lapse of time
or both, would be a default has occurred thereunder. 
 Section
4.23         Security Documents 
 (a)         The Pledge and Security Agreement is effective to create, in favor of the Collateral Agent, for the benefit of the Secured Parties a legal, valid, binding and enforceable security interest
in the Collateral described therein and the proceeds thereof and (i) in the case of Pledged Collateral (as defined in the Pledge and Security Agreement) consisting of Instruments (as defined in the Pledge and Security Agreement) and
Certificated Securities (as defined in the Pledge and Security Agreement), upon the earlier of (A) when such Pledged Collateral (in each case properly endorsed for transfer to the Collateral Agent or in blank) is delivered to the Collateral
Agent (B) when financing statements in appropriate form are filed in the offices specified on Schedule 3 (Filings) to the Pledge and Security Agreement, (ii) in the case of all Collateral in which a security interest may be
perfected by filing a financing statement under the

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
UCC, the completion of the filings and other actions specified on Schedule 3 (Filings) to the Pledge and Security Agreement (which, in the case of all filings and other documents referred
to on such schedule, have been delivered to the Collateral Agent in completed and duly executed form), (iii) the execution and delivery of Securities Account Control Agreements with respect to Investment Property (as defined in the Pledge and
Security Agreement) not in certificated form, (iv) the execution and delivery of Deposit Account Control Agreements with respect to all Deposit Accounts of a Grantor and (v) all appropriate filings having been made with the United States
Copyright Office, the Pledge and Security Agreement shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Secured Parties in such Collateral and proceeds thereof. Such security interest shall be
prior to all other Liens on the Collateral except for Customary Permitted Liens having priority over the Collateral Agent’s Lien by operation of law or otherwise as permitted under this Agreement. 
 (b)         Upon the execution and delivery thereof, each of the Mortgages will be
effective to create in favor of the Collateral Agent, for the ratable benefit of the Secured Parties, a legal, valid, binding and enforceable Lien on, and security interest in, all off the Loan Parties’ right, title and interest in and to
Property subject to a Mortgage thereunder and proceeds thereof, and when the Mortgages are filed in the appropriate offices, each such Mortgage shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of
the grantors thereof in such Property subject to a Mortgage and proceeds thereof, as security for the Obligations, in each case prior and superior in right to any other person except for Customary Permitted Liens having priority over the Collateral
Agent’s Lien by operation of law or otherwise as permitted under this Agreement. 
 ARTICLE V 
 FINANCIAL COVENANTS 
 The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the following as long as any Obligation or any Commitment remains outstanding and, in each case, unless the
Requisite Lenders otherwise consent in writing: 
 Section
5.1         Maximum Leverage Ratio 
 The Borrower shall
maintain, on each day of each Fiscal Quarter set forth below, a Leverage Ratio of not more than the maximum ratio set forth below opposite such Fiscal Quarter: 
  

			
	         FISCAL QUARTER ENDING
  
	  	 MAXIMUM LEVERAGE RATIO
  

	 September 30, 2007
	  	6.50 to 1
	 December 31, 2007
	  	6.35 to 1
	 March 31, 2008
	  	6.20 to 1
	 June 30, 2008
	  	5.85 to 1
	 September 30, 2008
	  	5.75 to 1
	 December 31, 2008
	  	5.70 to 1
	 March 31, 2009
	  	5.65 to 1
	 June 30, 2009
	  	5.65 to 1
	 September 30, 2009
	  	5.65 to 1
	 December 31, 2009
	  	5.60 to 1
	 March 31, 2010
	  	5.60 to 1
	 June 30, 2010
	  	5.25 to 1
	 September 30, 2010
	  	5.00 to 1
	 December 31, 2010
	  	4.75 to 1
	 March 31, 2011
	  	4.50 to 1
	 June 30, 2011
	  	4.25 to 1
	 September 30, 2011
	  	4.00 to 1
	 December 31, 2011
	  	3.75 to 1
	 March 31, 2012 and at the end of
each Fiscal Quarter thereafter
	  	3.50 to 1

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 5.2        
Minimum Interest Coverage Ratio 
 The Borrower shall maintain an Interest Coverage Ratio, as determined
as of the last day of each Fiscal Quarter set forth below, for the four Fiscal Quarters ending on such day, of at least the minimum ratio set forth below opposite such Fiscal Quarter: 
  

			
	         FISCAL QUARTER ENDING
  
	  	 MINIMUM INTEREST
COVERAGE RATIO
  

	 September 30, 2007
	  	1.35 to 1
	 December 31, 2007
	  	1.40 to 1
	 March 31, 2008
	  	1.40 to 1
	 June 30, 2008
	  	1.45 to 1
	 September 30, 2008
	  	1.45 to 1
	 December 31, 2008
	  	1.50 to 1
	 March 31, 2009
	  	1.50 to 1
	 June 30, 2009
	  	1.60 to 1
	 September 30, 2009
	  	1.60 to 1
	 December 31, 2009
	  	1.70 to 1
	 March 31, 2010
	  	1.70 to 1
	 June 30, 2010
	  	1.80 to 1
	 September 30, 2010
	  	1.90 to 1
	 December 31, 2010
	  	2.00 to 1
	 March 31, 2011
	  	2.15 to 1
	 June 30, 2011
	  	2.30 to 1
	 September 30, 2011
	  	2.45 to 1
	 December 31, 2011
	  	2.60 to 1
	 March 31, 2012 and at the end of
each Fiscal Quarter thereafter
	  	2.75 to 1

 Section 5.3        
Capital Expenditures 
 The Borrower, together with its Subsidiaries, shall not make or incur, or permit
to be made or incurred, Capital Expenditures during each of the Fiscal Years set forth below to be, in the aggregate, in excess of the maximum amount set forth below for such Fiscal Year: 
  

			
	         FISCAL YEAR ENDING
  
	  	 MAXIMUM CAPITAL
EXPENDITURES
 (IN
MILLIONS)
  

	 December 31, 2007
	  	$50.0
	 December 31, 2008
	  	$50.0
	 December 31, 2009
	  	$50.0
	 December 31, 2010
	  	$50.0
	 December 31, 2011
	  	$50.0
	 December 31, 2012
	  	$75.0
	 December 31, 2013
	  	$75.0

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Notwithstanding the foregoing, (i) up to 100% of the amount of Capital Expenditures
permitted above for any Fiscal Year, if not expended in the Fiscal Year for which it is permitted, may be carried over for expenditure in the next succeeding Fiscal Year and up to 50% of the amount of Capital Expenditures permitted above for any
Fiscal Year may be carried back for expenditure in the preceding Fiscal Year (provided that any amount of Capital Expenditures carried back for expenditure in the preceding Fiscal Year shall reduce Capital Expenditures permitted for the following
Fiscal Year by such amount), (ii) Capital Expenditures made in any Fiscal Year shall be deemed to be made, first, in respect of the amounts permitted for such Fiscal Year as provided above (without giving effect to the carryover permitted by,
and subject to reduction by any amount carried back as provided in, clause (i) above) and, second, in respect of amounts carried over from the prior Fiscal Year or carried back from the following Fiscal year, as applicable, pursuant to
clause (i) above, (iii) the maximum amount of Capital Expenditures set forth above may be increased by an additional amount not exceeding, in the aggregate, $10,000,000 on or after the Original Effective Date, (iv) for each
Permitted Acquisition consummated in any Fiscal Year, the maximum amounts of Capital Expenditures set forth above for such Fiscal Year and for each Fiscal Year thereafter shall be increased in an amount equal to 20% of the total revenues of the
Proposed Acquisition Target for such Permitted Acquisition for the last four full Fiscal Quarters preceding the date of consummation of such Permitted Acquisition (as determined in financial statements for the Proposed Acquisition prepared in
accordance with the standards set forth in Section 6.1(b) (Financial Statements) and (v) such Capital Expenditures shall not include any items contained in clauses (a), (b) or (c) of the definition thereof.

 ARTICLE VI 
 REPORTING COVENANTS 
 The Borrower agrees with the Lenders,
the Issuers and the Administrative Agent to each of the following, as long as any Obligation or any Revolving Credit Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing: 
 Section 6.1         Financial Statements 
 The Borrower shall furnish to the Administrative Agent (who will make such information available to each of the Lenders)
each of the following: 
 (a)         [Intentionally Omitted]

 (b)         Quarterly Reports. Not later than 50 days after
the end of each of the first three Fiscal Quarters of each Fiscal Year (or such earlier date on which the Borrower is required to file a Form 10-Q under the Exchange Act), financial information regarding the Borrower and its Subsidiaries consisting
of Consolidated unaudited balance sheets as of the close of such quarter and the related statements of income and cash flow for such quarter and that portion of the Fiscal Year ending as of the close of such quarter, setting forth in comparative
form the figures for the corresponding period in the prior year and the figures contained in the Projections or, if applicable, the latest business plan provided pursuant to clause (f) below for the current Fiscal Year, in each case
certified by a Responsible Officer of the Borrower as fairly presenting the Consolidated financial position of the Borrower and its Subsidiaries as at the dates indicated and the results of their operations and cash flow for the periods indicated in
accordance with GAAP (subject to the absence of footnote disclosure and normal year-end audit adjustments). 
 (c)         Annual Reports. Not later than 90 days after the end of each Fiscal Year (or such earlier date on which the Borrower is required to file a Form 10-K under the Exchange Act),
financial information regarding the Borrower and its Subsidiaries consisting of Consolidated and consolidating balance sheets of the Borrower and its Subsidiaries as of the end of such year and related statements of income and cash flows of the
Borrower and its Subsidiaries for such Fiscal Year, all prepared in conformity with GAAP and certified, in the case of such Consolidated Financial Statements, without qualification as to

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
the scope of the audit or as to the Borrower being a going concern by the Borrower’s Accountants, together with the report of such accounting firm stating that (i) such Financial
Statements fairly present the Consolidated financial position of the Borrower and its Subsidiaries as at the dates indicated and the results of their operations and cash flow for the periods indicated in conformity with GAAP applied on a basis
consistent with prior years (except for changes with which the Borrower’s Accountants shall concur and that shall have been disclosed in the notes to the Financial Statements) and (ii) the examination by the Borrower’s Accountants in
connection with such Consolidated Financial Statements has been made in accordance with generally accepted auditing standards, and accompanied by a certificate stating that in the course of the regular audit of the business of the Borrower and its
Subsidiaries such accounting firm has obtained no knowledge that a Default or Event of Default in respect of the financial covenants contained in Article V (Financial Covenants) has occurred and is continuing, or, if in the opinion of
such accounting firm, a Default or Event of Default has occurred and is continuing in respect of such financial covenants, a statement as to the nature thereof. 
 (d)         Compliance Certificate. Together with each delivery of any Financial Statement pursuant to clause (b) or
(c) above, a certificate of a Responsible Officer of the Borrower (each, a “Compliance Certificate”) (i) demonstrating compliance with each of the financial covenants contained in Article V (Financial
Covenants) that is tested on a quarterly basis and (ii) stating that no Default or Event of Default has occurred and is continuing or, if a Default or an Event of Default has occurred and is continuing, stating the nature thereof and the
action that the Borrower proposes to take with respect thereto. 
 (e)         Corporate Chart and Other Collateral Updates. Together with each delivery of any Financial Statement pursuant to clause (b) or (c) above at the request of
the Administrative Agent, (i) a certificate of a Responsible Officer of the Borrower certifying that the Corporate Chart attached thereto (or the last Corporate Chart delivered pursuant to this clause (e) is true, correct, complete and
current as of the date of such Financial Statement and (ii) a certificate of a Responsible Officer of the Borrower in form and substance satisfactory to the Administrative Agent that all certificates, statements, updates and other documents
(including updated schedules) required to be delivered pursuant to the Pledge and Security Agreement by any Loan Party in the preceding Fiscal Quarter have been delivered thereunder (or such delivery requirement was otherwise duly waived or
extended). The reporting requirements set forth in this clause (e) are in addition to, and are not intended to and shall not replace or otherwise modify, any obligation of any Loan Party under any Loan Document (including other notice or
reporting requirements). Compliance with the reporting obligations in this clause (e) shall only provide notice to the Administrative Agent and shall not, by itself, modify any obligation of any Loan Party under any Loan Document, update any
Schedule to this Agreement or any schedule to any other Loan Document or cure, or otherwise modify in any way, any failure to comply with any covenant, or any breach of any representation or warranty, contained in any Loan Document or any other
Default or Event of Default. 
 (f)         Business Plan. Not
later than 45 days after the end of each Fiscal Year, and containing substantially the types of financial information contained in the Projections, (i) the annual business plan of the Borrower and its Subsidiaries for the next succeeding Fiscal
Year approved by the board of directors of the Borrower, (ii) forecasts prepared by management of the Borrower for each fiscal month in the next succeeding Fiscal Year and (iii) forecasts prepared by management of the Borrower for each of
the succeeding Fiscal Years through the Fiscal Year ending December 31, 2010, including, in each instance described in clauses (ii) and (iii) above, (x) a projected Fiscal Quarter-end and Fiscal Year-end
Consolidated balance sheet and income statement and statement of cash flows and (y) a statement of all of the material assumptions on which such forecasts are based. 
 (g)         Management Letters, Etc. Within five Business Days after receipt thereof by any Loan Party, copies of each management
letter, exception report or similar letter or report received by such Loan Party from its independent certified public accountants (including the Borrower’s Accountants). 
 (h)         Intercompany Loan Balances. Together with each delivery of any Financial Statement pursuant to clause (a) above
at the request of the Administrative Agent, a summary of the outstanding balance of all intercompany Indebtedness as of the last day of the fiscal month covered by such Financial Statement, certified by a Responsible Officer of the Borrower.

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 6.2        
Default Notices 
 As soon as practicable, and in any event within five Business Days after a
Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse
Change, the Borrower shall give the Administrative Agent notice specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in
writing on the next Business Day. 
 Section 6.3        
Litigation and Regulatory Matters 
 The Borrower shall provide the Administrative Agent: 
 (a)         promptly after the commencement thereof, written notice of the
commencement of all actions, suits and proceedings before any domestic or foreign Governmental Authority or arbitrator affecting the Borrower or any Subsidiary of the Borrower that (i) seeks injunctive or similar relief or (ii) in the
reasonable judgment of the Borrower or such Subsidiary expose the Borrower or such Subsidiary to liability in an amount aggregating $5,000,000 or more or that, if adversely determined, would have a Material Adverse Effect; and 
 (b)         promptly, and in any event within 10 days, after filing, receipt or
becoming aware thereof, copies of any filings or communications sent to and notices or other communications received by any Borrower or any of its Subsidiaries from any Governmental Authority, including the Securities and Exchange Commission, the
FCC, any PUC, or any other state utility commission, relating to (i) any material non-compliance by any Borrower or any of its Subsidiaries with any laws or regulations or with respect to any matter or proceeding the effect of which, if
adversely determined, would have a Material Adverse Effect or (ii) any violation by any Borrower or any of its Subsidiaries of any Communication License, CATV Franchise, PUC Authorization or similar license, franchise or authorization that
would constitute a Material Adverse Effect. 
 Section 6.4        
Asset Sales 
 Prior to any Asset Sale in excess of $5,000,000, the Borrower shall send the
Administrative Agent a notice (a) describing such Asset Sale or the nature and material terms and conditions of such transaction and (b) stating the estimated Net Cash Proceeds anticipated to be received by the Borrower or any of its
Subsidiaries. 
 Section 6.5         Notices under Related
Documents 
 Promptly after the sending or filing thereof, the Borrower shall send the Administrative
Agent copies of all material notices, certificates or reports delivered pursuant to, or in connection with, any Related Document. 
 Section 6.6         SEC Filings; Press Releases 
 Promptly after the sending or filing thereof, the Borrower shall send the Administrative Agent copies of (a) all reports that Borrower sends to its security holders generally, (b) all reports
and registration statements that Borrower or any of its Subsidiaries files with the Securities and Exchange Commission or any national or foreign securities exchange or the National Association of Securities Dealers, Inc., (c) all press
releases and (d) all other statements concerning material changes or developments in the business of such Loan Party made available by any Loan Party to the public or any other creditor. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 6.7         Labor
Relations 
 Promptly after becoming aware of the same, the Borrower shall give the Administrative Agent
written notice of (a) any material labor dispute to which the Borrower or any of its Subsidiaries is or may become a party, including any strikes, lockouts or other disputes relating to any of such Person’s plants and other facilities, and
(b) any Worker Adjustment and Retraining Notification Act or related liability incurred with respect to the closing of any plant or other facility of any such Person. 
 Section 6.8         Tax Returns 
 Upon the request of the Requisite Lenders or the Administrative Agent, the Borrower shall provide copies of all federal, state, local tax returns and reports filed by the Borrower or any Subsidiary of the
Borrower in respect of taxes measured by income (excluding sales, use and like taxes). 
 Section
6.9         Insurance 
 As soon as is practicable and in any
event within 90 days after the end of each Fiscal Year, the Borrower shall furnish the Administrative Agent with (a) a report in form and substance reasonably satisfactory to the Administrative Agent and the Lenders outlining all material
insurance coverage maintained as of the date of such report by the Borrower or any Subsidiary of the Borrower and the duration of such coverage and (b) an insurance broker’s statement that all premiums then due and payable with respect to
such coverage have been paid and confirming, with respect to any insurance maintained by the Borrower or any Loan Party, that the Administrative Agent has been named as loss payee or additional insured, as applicable. 
 Section 6.10         ERISA Matters 
 The Borrower shall furnish the Administrative Agent (with sufficient copies for each of the Lenders) each of the following:

 (a)         promptly and in any event within 30 days after the
Borrower, any Subsidiary of the Borrower or any ERISA Affiliate knows or has reason to know that any ERISA Event has occurred, written notice describing such event; 
 (b)         promptly and in any event within 10 days after the Borrower, any Subsidiary of the Borrower or any ERISA Affiliate knows or has
reason to know that a request for a minimum funding waiver under Section 412 of the Code has been filed with respect to any Title IV Plan or Multiemployer Plan, a written statement of a Responsible Officer of the Borrower describing such ERISA
Event or waiver request and the action, if any, the Borrower, its Subsidiaries and ERISA Affiliates propose to take with respect thereto and a copy of any notice filed with the PBGC or the IRS pertaining thereto; and 
 (c)         simultaneously with the date that the Borrower, any Subsidiary of the
Borrower or any ERISA Affiliate files a notice of intent to terminate any Title IV Plan, if such termination would require material additional contributions in order to be considered a standard termination within the meaning of Section 4041(b)
of ERISA, a copy of each notice. 
 Section 6.11        
Environmental Matters 
 The Borrower shall provide the Administrative Agent promptly and in any event
within 10 days after the Borrower or any Subsidiary of the Borrower learning of any of the following, written notice of each of the following: 

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 (a)         that any Loan Party
is or may be liable to any Person as a result of a Release or threatened Release that could reasonably be expected to subject such Loan Party to Environmental Liabilities and Costs in excess of $5,000,000; 
 (b)         the receipt by any Loan Party of notification that any Real Property or
personal property of such Loan Party is or is reasonably likely to be subject to any Environmental Lien; 
 (c)         the receipt by any Loan Party of any notice of violation of or potential liability under, or knowledge by such Loan Party that there exists a condition that could reasonably be expected to
result in a violation of or liability under, any Environmental Law, except for violations and liabilities the consequence of which, in the aggregate, would not be reasonably likely to subject the Loan Parties collectively to Environmental
Liabilities and Costs in excess of $5,000,000; 
 (d)         the
commencement of any judicial or administrative proceeding or investigation alleging a violation of or liability under any Environmental Law, that, in the aggregate, if adversely determined, would have a reasonable likelihood of subjecting the Loan
Parties collectively to Environmental Liabilities and Costs in excess of $5,000,000; 
 (e)         any proposed acquisition of stock, assets or real estate, any proposed leasing of property or any other action by any Loan Party or any of its Subsidiaries other than those the
consequences of which, in the aggregate, have reasonable likelihood of subjecting the Loan Parties collectively to Environmental Liabilities and Costs in excess of $5,000,000; 
 (f)         any proposed action by any Loan Party or any of its Subsidiaries or any proposed change in Environmental Laws that, in the
aggregate, have a reasonable likelihood of requiring the Loan Parties to obtain additional environmental, health or safety Permits or make additional capital improvements to obtain compliance with Environmental Laws that, in the aggregate, would
have cost $1,000,000 or more or that shall subject the Loan Parties to additional Environmental Liabilities and Costs in excess of $5,000,000; and 
 (g)         upon written request by any Lender through the Administrative Agent, a report providing an update of the status of any environmental, health or safety
compliance, hazard or liability issue identified in any notice or report delivered pursuant to this Agreement. 
 Section 6.12         Customer Contracts 
 Promptly after any Loan Party becoming aware of the same, the Borrower shall give the Administrative Agent written notice of any cancellation, termination or loss of any material Contractual Obligation or other customer arrangement that
would constitute a Material Adverse Effect. 
 Section
6.13         New Markets 
 In advance of (a) the entrance
into any new market by the Borrower or any of its Subsidiaries, (b) any material change of prospective markets by the Borrower or any of its Subsidiaries or (c) any deferral of any market, the Borrower shall deliver to the Administrative
Agent a revised business plan to include such new market, change in prospective market or deferral of any market, as applicable. 
 Section 6.14         Other Information 
 The Borrower shall provide the Administrative Agent or any Lender with such other information respecting the business, properties, condition, financial or otherwise, or operations of the Borrower or any
Subsidiary of the Borrower as the Administrative Agent or such Lender through the Administrative Agent may from time to time reasonably request. 

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 ARTICLE VII 
 AFFIRMATIVE COVENANTS 
 The Borrower
agrees with the Lenders, the Issuers and the Administrative Agent to each of the following, as long as any Obligation or any Revolving Credit Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in
writing: 
 Section 7.1         Preservation of Corporate
Existence, Etc. 
 The Borrower shall, and shall cause each Subsidiary of the Borrower to, preserve and
maintain its legal existence, rights (charter and statutory) and franchises, except as permitted by Sections 8.4 (Sale of Assets) and 8.7 (Restriction on Fundamental Changes; Permitted Acquisitions) and 8.11 (Modification of
Constituent Documents). 
 Section 7.2         Compliance with
Laws, Etc. 
 The Borrower shall, and shall cause each Subsidiary of the Borrower to, comply with all
applicable Requirements of Law, Contractual Obligations and Permits, except where the failure so to comply would not, in the aggregate, have a Material Adverse Effect. 
 Section 7.3         [Intentionally Omitted] 
 Section 7.4         Payment of Taxes, Etc. 
 The Borrower shall, and shall cause each Subsidiary of the Borrower to, pay and discharge before the same shall become delinquent, all lawful governmental claims, taxes, assessments,
charges and levies, except where contested in good faith, by proper proceedings and adequate reserves therefor have been established on the books of the Borrower or the appropriate Subsidiary in conformity with GAAP. 
 Section 7.5         Maintenance of Insurance 
 The Borrower shall (a) maintain for itself, and the Borrower shall cause to be maintained for each Subsidiary of the
Borrower, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas
in which the Borrower or such Subsidiary operates, and, in any event, all insurance required by any Collateral Documents and (b) cause all such insurance relating to any Loan Party to name the Administrative Agent on behalf of the Secured
Parties as additional insured or loss payee, as appropriate, and to provide that no cancellation, material addition in amount or material change in coverage shall be effective until after 30 days’ written notice thereof to the Administrative
Agent. 
 Section 7.6         Access 
 The Borrower shall, and shall cause each Subsidiary of the Borrower to, from time to time permit the Administrative Agent
and the Lenders or any agents or representatives thereof, within two Business Days after written notification of the same (except that during the continuance of an Event of Default, no such notice shall be required) to, (a) examine and make
copies of and abstracts from the records and books of account of the Borrower and each Subsidiary of the Borrower, (b) visit the properties of the Borrower and each Subsidiary of the Borrower, (c) discuss the affairs, finances and accounts
of the Borrower and each Subsidiary of the Borrower with any of their respective officers or directors and (d) after prior written notice to the Borrower, communicate directly with any of its certified public accountants (including the
Borrower’s Accountants); provided, however, that unless an Event of Default has occurred

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and is continuing, the Borrower shall only be obligated to pay the costs and expenses of the Administrative Agent incurred in connection with this Section 7.6 and such inspections or
visits shall occur only once per year unless an Event of Default shall have occurred and be continuing. If an Event of Default shall have occurred and be continuing, the Borrower shall authorize its certified public accountants (including the
Borrower’s Accountants), and shall cause the certified public accountants of any Subsidiary of the Borrower, if any, to disclose to the Administrative Agent or any Lender any and all financial statements and other information of any kind, as
the Administrative Agent or any Lender reasonably requests and that such accountants may have with respect to the business, financial condition, results of operations or other affairs of the Borrower or any Subsidiary of the Borrower. 
 Section 7.7         Keeping of Books 
 The Borrower shall, and shall cause each Subsidiary of the Borrower to keep, proper books of record and account, in which
full and correct entries shall be made in conformity with GAAP of all financial transactions and the assets and business of the Borrower and each such Subsidiary. 
 Section 7.8         Maintenance of Properties, Etc. 
 The Borrower shall, and shall cause each Subsidiary of the Borrower to, maintain and preserve (a) in good working order and condition all of its properties necessary in the
conduct of its business, (b) all rights, permits, licenses, approvals and privileges (including all Permits) used or useful or necessary in the conduct of its business and (c) all registered patents, trademarks, trade names, copyrights and
service marks with respect to its business, except where failure to so maintain and preserve the items set forth in clauses (a), (b) and (c) above would not, in the aggregate, have a Material Adverse Effect.

 Section 7.9         Application of Proceeds 

The Borrower (and, to the extent distributed to them by the Borrower, each Loan Party) shall use the entire amount of the
proceeds of the Loans and utilize the Letters of Credit as provided in Section 4.13 (Use of Proceeds). 
 Section 7.10         Environmental 
 The
Borrower shall, and shall cause each Subsidiary of the Borrower to, comply in all material respects with Environmental Laws and, without limiting the foregoing, the Borrower shall, at its sole cost and expense, upon receipt of any notification or
otherwise obtaining knowledge of any Release or other event that has any reasonable likelihood of the Borrower or any Subsidiary of the Borrower incurring Environmental Liabilities and Costs in excess of $5,000,000 in the aggregate,
(a) conduct, or pay for consultants to conduct, tests or assessments of environmental conditions at such operations or properties, including the investigation and testing of subsurface conditions and (b) take such Remedial Action and
undertake such investigation or other action as required by Environmental Laws or as any Governmental Authority requires or as is appropriate and consistent with good business practice to address the Release or event and otherwise ensure compliance
with Environmental Laws. 
 Section 7.11         Additional
Collateral and Guaranties 
 To the extent not delivered to the Administrative Agent on or before the
Original Effective Date (including in respect of after-acquired property and Persons that become Subsidiaries of any Loan Party after the Original Effective Date) and subject to Section 7.12 (Regulatory Consents), the Borrower agrees
promptly to do, or cause each Subsidiary of the Borrower to do, each of the following, unless otherwise agreed by the Administrative Agent: 
 (a)         deliver to the Administrative Agent such duly executed supplements and amendments to the Guaranty (or, in the case of any Subsidiary of any Loan Party
that is not a Domestic

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Subsidiary or that holds shares in any Person that is not a Domestic Subsidiary, foreign guarantees and related documents), in each case in form and substance reasonably satisfactory to the
Administrative Agent and as the Administrative Agent deems necessary or advisable in order to ensure that each Subsidiary of each Loan Party guaranties, as primary obligor and not as surety, the full and punctual payment when due of the Obligations
or any part thereof; provided, however, in no event shall any Excluded Foreign Subsidiary be required to guaranty the payment of the Obligations, unless (x) the Borrower and the Administrative Agent otherwise agree or
(y) such Excluded Foreign Subsidiary has entered into Guaranty Obligations in respect of other Indebtedness of the Borrower having substantially similar tax consequences; 
 (b)         deliver to the Collateral Agent such duly-executed joinder and amendments to the Pledge and Security Agreement and, if applicable,
other Collateral Documents (or, in the case of any such Subsidiary of any Loan Party that is not a Domestic Subsidiary or that holds shares in any Person that is not a Domestic Subsidiary, foreign charges, pledges, security agreements and other
Collateral Documents), in each case in form and substance reasonably satisfactory to the Administrative Agent and as the Administrative Agent deems necessary or advisable in order to (i) effectively grant to the Collateral Agent, for the
benefit of the Secured Parties, a valid, perfected and enforceable first-priority security interest in the Stock and Stock Equivalents and other debt Securities owned by any Loan Party and (ii) effectively grant to the Collateral Agent, for the
benefit of the Secured Parties, a valid, perfected and enforceable first-priority security interest in all property interests and other assets of any Loan Party; provided, however, in no event shall (x) any Loan Party or any of
its Subsidiaries, individually or collectively, be required to pledge in excess of 66% of the outstanding Voting Stock of any Excluded Foreign Subsidiary or (y) any assets of any Excluded Foreign Subsidiary be required to be pledged, unless the
Borrower and the Administrative Agent otherwise agree; 
 (c)        
deliver to the Collateral Agent all certificates, instruments and other documents representing all Pledged Stock and all other Stock, Stock Equivalents and other debt Securities being pledged pursuant to the joinders, amendments and foreign
agreements executed pursuant to clause (b) above, together with (i) in the case of certificated Pledged Stock and other certificated Stock and Stock Equivalents, undated stock powers endorsed in blank and (ii) in the case of
other certificated debt Securities, endorsed in blank, in each case executed and delivered by a Responsible Officer of such Loan Party or such Subsidiary thereof, as the case may be; 
 (d)         to take such other actions necessary or advisable to ensure the validity
or continuing validity of the guaranties required to be given pursuant to clause (a) above or to create, maintain or perfect the security interest required to be granted pursuant to clause (b) above, including the filing of
UCC financing statements in such jurisdictions as may be required by the Collateral Documents or by law or as may be reasonably requested by the Administrative Agent or the Collateral Agent; and 
 (e)         if requested by the Administrative Agent, deliver to the Administrative
Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. 
 Section 7.12         Regulatory Consents 
 (a)         At the request of the Administrative Agent, the Borrower shall, or cause
its applicable Subsidiary to, use its respective commercially reasonable efforts to obtain each Permit of the applicable Governmental Authority or third party which is required for the Collateral Agent to hold a first-priority perfected security
interest in the CATV Franchises set forth in Schedule 4.2(b)(Regulatory Consents) requiring prior approval of the applicable Government Authority. 
 (b)         The Borrower shall, or cause its applicable Subsidiary to, use its respective commercially reasonable efforts to obtain each Permit of the applicable
Governmental Authority or third party which is required for the Collateral Agent to hold a first-priority perfected security interest in the rights under the PUC Authorizations set forth in Schedule 4.2(b) (Regulatory Consents) requiring
prior approval of the applicable Government Authority or third party. 

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 (c)         Promptly following
the acquisition or assumption by or grant to any Loan Party of any Communications License, CATV Franchise or PUC Authorization, the Borrower shall, or cause its applicable Subsidiary to, use its respective best efforts to obtain each Permit of the
applicable Governmental Authority or third party which is required for the Collateral Agent to hold a perfected security interest in such franchise, authorization or license to the extent permitted by applicable law. 
 (d)         For so long as any Permit set forth in Schedule 4.2(b) (Regulatory
Consents) or required under clauses (a), (b) or (c) above has not been obtained, the Borrower shall deliver (i) a written report to the Administrative Agent on the first Business Day of every calendar month detailing
the respective efforts made by the Borrower and its Subsidiaries to obtain each such Permit from the applicable Governmental Authority during the preceding calendar month and (ii) copies of any Permits obtained during such preceding calendar
month. 
 (e)         Immediately upon obtaining each applicable Permit
referred to in clauses (a) through (c) above, the Borrower shall, or cause its applicable Subsidiary to, execute and/or deliver such documents and take such other action as may be required by the Administrative Agent to
ensure that the Collateral Agent holds a first-priority perfected security interest in the assets which are subject to such Permit. 
 (f)         The Borrower shall use its commercially reasonable efforts to renew or otherwise obtain the CATV Franchises from Montgomery, Alabama and Huntsville,
Alabama from the applicable Governmental Authorities and shall notify the Administrative Agent of any material developments with respect to its efforts to renew or obtain such CATV Franchises. 
 Section 7.13         Control Accounts, Approved Deposit Accounts

 (a)         The Borrower shall, and shall cause each of their
respective Subsidiaries, with the exception of any Excluded Foreign Subsidiary, to (i) deposit in an Approved Deposit Account all cash they receive, (ii) not establish or maintain any Securities Account that is not a Control Account (other
than any Securities Accounts maintained as a surety for insurance obligations as long as the aggregate balance in all such Securities Accounts does not at any time exceed $2,750,000) and (iii) not establish or maintain any Deposit Account other
than with a Deposit Account Bank; provided, however, that the Borrower and each of its Subsidiaries shall be permitted to maintain payroll, withholding tax and other fiduciary accounts as long as the aggregate balance in all such
accounts), does not at any time exceed $5,000,000; and provided further, however, that the Borrower shall not be obligated to establish Approved Deposit Accounts for the cash receipts generated by the Target prior to the date that is 90 days
after the Original Effective Date (or as otherwise agreed by the Administrative Agent). 
 (b)         The Administrative Agent may establish one or more Cash Collateral Accounts with such depositaries and Securities Intermediaries as it in its sole discretion shall determine;
provided, however, that no Cash Collateral Account shall be established with respect to the assets of any Excluded Foreign Subsidiary. The Borrower agrees that each such Cash Collateral Account shall meet the requirements set forth in
the definition of “Cash Collateral Account”. Without limiting the foregoing, funds on deposit in any Cash Collateral Account may be invested (but the Administrative Agent shall be under no obligation to make any such investment) in
Cash Equivalents at the direction of the Administrative Agent and, except during the continuance of an Event of Default, the Administrative Agent agrees with the Borrower to issue Entitlement Orders for such investments in Cash Equivalents as
requested by the Borrower; provided, however, that the Administrative Agent shall not have any responsibility for, or bear any risk of loss of, any such investment or income thereon. Neither the Borrower nor any Subsidiary of the
Borrower or any other Loan Party or Person claiming on behalf of or through the Borrower, any Subsidiary of the Borrower or any other Loan Party shall have any right to demand payment of any funds

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 KNOLOGY, INC. 
  

 
held in any Cash Collateral Account at any time prior to the termination of all outstanding Letters of Credit and the payment in full of all then outstanding and payable monetary Obligations. The
Administrative Agent shall apply all funds on deposit in a Cash Collateral Account as provided in Section 2.9 (Mandatory Prepayments). 
 Section 7.14         Real Property 
 (a)         The Borrower shall, and shall cause each of its Subsidiaries to, (i) comply in all material respects with all of their respective obligations under
all of their respective Leases now or hereafter held respectively by them, including the Leases set forth on Schedule 4.19 (Real Property), the failure to comply with which would not have a Material Adverse Effect, (ii) not modify,
amend, cancel, extend or otherwise change in any materially adverse manner any term, covenant or condition of any such Lease if such change would have a Material Adverse Effect, (iii) not assign or sublet any other Lease if such assignment or
sublet would have a Material Adverse Effect of the Borrower under any Lease simultaneously with its delivery of such notice under such Lease. 
 (b)         At least 15 Business Days prior to acquiring any material owned Real Property, the Borrower shall, and shall cause such Guarantor to, provide the
Administrative Agent written notice thereof. 
 (c)         To the
extent not previously delivered to the Administrative Agent, upon written request of the Administrative Agent, the Borrower shall, and shall cause each Guarantor to, execute and deliver to the Administrative Agent, for the benefit of the Secured
Parties, promptly and in any event not later than 45 days (or such later period as the Administrative Agent may approve in its sole discretion) after receipt of such notice (or, if such notice is given by the Administrative Agent prior to the
acquisition of such Real Property, immediately upon such acquisition), a Mortgage on any owned Real Property of the Borrower or such Guarantor having a fair market value in excess of $500,000, together with (i) if requested by the
Administrative Agent and such Real Property is located in the United States, all Mortgage Supporting Documents relating thereto or (ii) documents similar to Mortgage Supporting Documents deemed by the Administrative Agent to be appropriate in
the applicable jurisdiction to obtain the equivalent in such jurisdiction of a first-priority mortgage on such Real Property. 
 Section 7.15         Interest Rate Contracts 
 The Borrower shall within 20 days after the delivery of a Compliance Certificate pursuant to Section 6.1(a) (Financial Statements) indicating that the Leverage Ratio exceeds 5.00 to 1.00,
enter into an Interest Rate Contract or Contracts, on terms and with counterparties reasonably satisfactory to the Administrative Agent, to the extent necessary to ensure that no less than 50% of the Borrower’s Consolidated Indebtedness (other
than the Revolving Credit Outstandings) effectively bears interest at a fixed rate for a term of at least three consecutive years following the date thereof. 
 Section 7.16         Ratings 
 The Borrower shall at all times maintain ratings with respect to the Facilities by each of S&P and Moody’s. 

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 KNOLOGY, INC. 
  

 ARTICLE VIII 
 NEGATIVE COVENANTS 
 The Borrower
agrees with the Lenders, the Issuers and the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing: 
 Section 8.1         Indebtedness 
 The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, directly or indirectly create, incur, assume
or otherwise become or remain directly or indirectly liable with respect to any Indebtedness except for the following: 
 (a)         the Secured Obligations (other than in respect of Hedging Contracts not permitted to be incurred pursuant to clause (h) below) and Guaranty Obligations with respect thereto;

 (b)         Indebtedness existing on the Original Effective Date
(after giving effect to the Transactions) and disclosed on Schedule 8.1 (Existing Indebtedness); 
 (c)         Guaranty Obligations incurred by the Borrower or any Guarantor in respect of Indebtedness of the Borrower or any Guarantor that is otherwise permitted by this Section 8.1
(other than clause (a) above); 
 (d)         Capital Lease
Obligations and purchase money Indebtedness (i) set forth in Schedule 8.1(d) (Capital Leases) or (ii) incurred after the Original Effective Date by the Borrower or a Subsidiary of the Borrower to finance the acquisition of fixed
assets; provided, however, that the Capital Expenditure related thereto is otherwise permitted by Section 5.3 (Capital Expenditures) and that the aggregate outstanding principal amount of all such Capital Lease Obligations
and purchase money Indebtedness shall not exceed $20,000,000 at any time on or after the Original Effective Date; 
 (e)         Renewals, extensions, refinancings and refundings of Indebtedness permitted by clauses (b) and (d) above, clause (k) below or this clause (e);
provided, however, that any such renewal, extension, refinancing or refunding is in an aggregate principal amount not greater than the principal amount of (and accrued but unpaid interest on or premium, if any, under), and is on terms
no less favorable to the Borrower or any Subsidiary of the Borrower obligated thereunder, including as to weighted average maturity and final maturity, than the Indebtedness being renewed, extended, refinanced or refunded; 
 (f)         Indebtedness arising from intercompany loans (i) from the Borrower
to any Guarantor, (ii) from any Guarantor to the Borrower or any other Guarantor or (iii) from the Borrower or any Guarantor to any Subsidiary of the Borrower that is not a Guarantor; provided, however, that in each case the
Investment in such intercompany loan is permitted under Section 8.3 (Investments); 
 (g)         Indebtedness arising under any performance or surety bond entered into in the ordinary course of business; 
 (h)         Obligations under Interest Rate Contracts mandated by Section 7.15 (Interest Rate Contract); 
 (i)         Indebtedness not otherwise permitted under this Section 8.1;
provided, however, that the aggregate outstanding principal amount of all such Indebtedness shall not exceed $10,000,000 at any time; 
 (j)         Indebtedness under unsecured promissory notes issued by the Borrower as consideration in connection with any Permitted Acquisition; provided,
however, that (x)(i) the obligations under such notes are subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent, (ii) no principal in respect of such notes is, or may be, payable before the first
anniversary of the Extended Term Loan Maturity Date and (iii) no interest in respect of such notes is required to be paid in cash prior to the Extended Term Loan Maturity Date or (y) the aggregate outstanding principal amount of all such
Indebtedness incurred, shall not exceed $10,000,000 at any time on or after the Original Effective Date; 

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 (k)         Indebtedness assumed
pursuant to, or incurred to finance, a Permitted Acquisition; provided that (i) in the case of assumed Indebtedness, such Indebtedness was not created in contemplation of such Permitted Acquisition and (ii) before and after giving
effect to such assumption or such incurrence of such Indebtedness, the Borrower is in pro forma compliance with each covenant set forth in Article V (Financial Covenants) hereof; 
 (l)         Permitted MDU Transactions and Permitted CIU Transactions, in each case,
to the extent accounted for as Capital Lease Obligations; and 
 (m)         Permitted Existing Term Loan Refinancing Indebtedness; provided, however, that (i) an amount equal to the gross proceeds of such Indebtedness is applied to the mandatory
prepayment of the Existing Loans in accordance with Section 2.9(c)(ii) (Mandatory Prepayment) within five Business Days of the incurrence of such Indebtedness, (ii) no Default or Event of Default has occurred and is continuing or
would result therefrom and (iii) before and after giving effect to such Permitted Existing Term Loan Refinancing Indebtedness, the Borrower is in pro forma compliance with each covenant set forth in Article V (Financial Covenants)
hereof. 
 Section 8.2         Liens, Etc. 
 The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, create or suffer to exist, any Lien upon or
with respect to any of its properties or assets, whether now owned or hereafter acquired, or assign, or permit any of its Subsidiaries to assign, any right to receive income, except for the following: 
 (a)         Liens created pursuant to the Loan Documents; 
 (b)         Liens existing on the Original Effective Date (after giving effect to
the Transactions) and disclosed on Schedule 8.2 (Existing Liens); 
 (c)         Customary Permitted Liens on the assets of the Borrower and the Borrower’s Subsidiaries; 
 (d)         purchase money Liens granted by the Borrower or any of its Subsidiaries (including the interest of a lessor under a Capital Lease and purchase money
Liens to which any property is subject at the time, on or after the Original Effective Date, of the Borrower’s or such Subsidiary’s acquisition thereof) securing Indebtedness permitted under Section 8.1(d) (Indebtedness) and
limited in each case to the property purchased with the proceeds of such purchase money Indebtedness or subject to such Capital Lease; 
 (e)         any Lien securing the renewal, extension, refinancing or refunding of any Indebtedness secured by any Lien permitted by clauses (b) or
(d) above, clause (h) below or this clause (e) without any change in the assets subject to such Lien and to the extent such renewal, extension, refinancing or refunding is permitted by Section 8.1(e)
(Indebtedness); 
 (f)         Liens in favor of lessors securing
operating leases to the extent such operating leases are permitted hereunder and, to the extent such transactions create a Lien, sale and leaseback transactions permitted by Section 8.4(f) (Asset Sales); 
 (g)         Liens not otherwise permitted by the foregoing clauses of this
Section 8.2 securing obligations or other liabilities of any Loan Party; provided, however, that the aggregate outstanding amount of all such obligations and liabilities shall not exceed $5,000,000 at any time; 

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 (h)         Liens securing
Indebtedness permitted under Section 8.1(k) (Indebtedness); provided that (i) such Liens were not created in contemplation of such Permitted Acquisitions and (ii) such Liens are purchase money Liens granted by the Proposed
Acquisition Target or its Subsidiaries (including the interest of a lessor under a Capital Lease and purchase money Liens on any property of Proposed Acquisition Target or its Subsidiaries) and limited in each case to the property purchased with the
proceeds of such purchase money Indebtedness or subject to such Capital Lease; 
 (i)         Liens securing judgments that do not constitute an Event of Default (or securing bonds that secure such judgments) that do not exceed, in the aggregate, $10,000,000; and 
 (j)         Liens on the Collateral securing Indebtedness permitted under
Section 8.1(m) (Indebtedness). 
 Section 8.3        
Investments 
 The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to make or
maintain, directly or indirectly, any Investment except for the following: 
 (a)         Investments existing on the Original Effective Date (after giving effect to the Transactions) and disclosed on Schedule 8.3 (Existing Investments); 
 (b)         Investments in cash and Cash Equivalents held in a Deposit Account or a
Control Account or otherwise in compliance with Section 7.13 (Control Accounts, Approved Deposit Accounts) or outside such accounts to the extent permitted by Section 7.13(a) (Control Accounts, Approved Deposit Accounts);

 (c)         Investments in payment intangibles, chattel paper (each
as defined in the UCC) and Accounts, notes receivable and similar items arising or acquired in the ordinary course of business consistent with the past practice of the Borrower and its Subsidiaries; 
 (d)         Investments received in settlement of amounts due to the Borrower or any
Subsidiary of the Borrower effected in the ordinary course of business; 
 (e)         Investments by (i) the Borrower or any Guarantor in the Borrower or any other Guarantor or (ii) any Subsidiary of the Borrower that is not a Guarantor in the Borrower or any
other Subsidiary of the Borrower; 
 (f)         Investments by the
Borrower or any Guarantor in a Permitted Acquisition; 
 (g)        
loans or advances to employees of the Borrower or any Subsidiaries of the Borrower in the ordinary course of business as presently conducted other than any loans or advances that would be in violation of Section 402 of the Sarbanes-Oxley Act;
provided, however, that the aggregate principal amount of all loans and advances permitted pursuant to this clause (g) shall not exceed $500,000 at any time; 
 (h)         Guaranty Obligations permitted by Section 8.1
(Indebtedness); 
 (i)         Investments in promissory notes
received in consideration for Asset Sales permitted by Section 8.4(f) (Asset Sales); and 
 (j)         Investments not otherwise permitted hereby; provided, however, that the aggregate outstanding amount of all such Investments shall not, at any time, exceed $20,000,000.

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 8.4         Sale
of Assets 
 The Borrower shall not nor shall it permit any Subsidiary of the Borrower to, sell, convey,
transfer, lease or otherwise dispose of, any of their respective assets or any interest therein (including the sale or factoring at maturity or collection of any accounts) to any Person or permit or suffer any other Person to acquire any interest in
any of their respective assets, nor shall the Borrower permit any of its Subsidiaries to issue or sell any shares of their Stock or any Stock Equivalents (any such disposition being an “Asset Sale”), except for the following:

 (a)         the sale or disposition of Cash Equivalents, Inventory,
customer premise equipment and fiber optic cable, in each case, in the ordinary course of business; 
 (b)         the sale or disposition of Equipment that has become obsolete or is replaced in the ordinary course of business; 
 (c)         a true lease or sublease of Real Property not constituting Indebtedness and not constituting a sale and leaseback transaction;

 (d)         assignments and licenses of intellectual property of the
Borrower and its Subsidiaries in the ordinary course of business; 
 (e)         any Asset Sale to the Borrower or any Guarantor; 
 (f)         as long as no Default or Event of Default is continuing or would result therefrom, any other Asset Sale (including in the form of a sale and leaseback transaction) for Fair Market Value,
payable at least 75% in cash upon such sale; provided, however, that with respect to any such Asset Sale pursuant to this clause (f), (i) the aggregate consideration received (x) during any Fiscal Year for all such
Asset Sales shall not exceed $10,000,000 (provided that up to 100% of the amount in this clause (x), if not received in the Fiscal Year for which it is permitted, may be carried over for receipt in the next succeeding Fiscal Year;
provided, further, that consideration received in any Fiscal Year shall be deemed received, first, in respect of the amounts permitted for such Fiscal Year and, second, in respect of amounts carried over from the prior Fiscal Year) or
(y) on or after the Original Effective Date shall not exceed $50,000,000 for such Asset Sales and (ii) an amount equal to all Net Cash Proceeds of such Asset Sale are applied to the payment of the Obligations as set forth in, and to the
extent required by, Section 2.9 (Mandatory Prepayments); and 
 (g)         any Asset Sale in the form of a divestiture of assets acquired after the Original Effective Date either in connection with a Permitted Acquisition or an Investment permitted by clauses
(f) or (i) of Section 8.3 (Investments); provided, however, an amount equal to all Net Cash Proceeds of such Asset Sale are applied to the payment of the Obligations as set forth in, and to the extent
required by, Section 2.9 (Mandatory Prepayments). 
 Section
8.5         Restricted Payments 
 The Borrower shall not, and
shall not permit any of its Subsidiaries to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Payment except for the following: 
 (a)         Restricted Payments by any Subsidiary of the Borrower to the Borrower or any Guarantor; 
 (b)         dividends and distributions declared and paid on the common Stock of the
Borrower and payable only in common Stock of the Borrower; 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (c)         cash dividends with
respect to preferred Stock of the Borrower (i) in an aggregate amount not exceeding the Annual RP Amount or (ii) made with the Net Cash Proceeds of any Equity Issuance not otherwise used for Permitted Acquisitions, to prepay Loans under
clause (a) of Section 2.9 (Mandatory Prepayments), to make Restricted Payments pursuant to clause (d) below or to prepay Indebtedness pursuant to Section 8.6(b)(vii) (Payment and Cancellation of
Indebtedness)); provided, however, that, in each case, (A) before and after giving effect to the payment of such dividends, the Leverage Ratio does not exceed 3.75 to 1.0 and (B) the Borrower has delivered an RP Certificate to
the Administrative Agent in connection with such Restricted Payment; 
 (d)         the redemption of preferred Stock of the Borrower (i) in an aggregate amount not exceeding the Annual RP Amount or (ii) made with the Net Cash Proceeds of any Equity Issuance not
otherwise used for Permitted Acquisitions, to prepay Loans under Section 2.9 (Mandatory Prepayments), to make Restricted Payments pursuant to clause (c) above or to prepay Indebtedness pursuant to Section 8.6(b)(vii)
(Payment and Cancellation of Indebtedness)); provided, however, that, in each case, (A) before and after giving effect to the payment of such dividends, the Leverage Ratio does not exceed 3.75 to 1.0 and (B) the Borrower has
delivered an RP Certificate to the Administrative Agent in connection with such redemption; and 
 (e)         following delivery of the Financial Statements for the Fiscal Year ending December 31, 2009, pursuant to Section 6.1(c) (Financial Statements), Restricted Payments not
otherwise permitted hereby; provided, however, that (a) the aggregate amount of all such Restricted Payments permitted pursuant to this clause (e) shall not, during any Fiscal Year, exceed the lesser of
(i) $10,000,000 and (ii) the Cumulative RP Amount, (b) both before and after giving effect to the payment of such Restricted Payments, the Leverage Ratio does not exceed 3.0 to 1; and (c) the Borrower has delivered an RP
Certificate to the Administrative Agent in connection with such Restricted Payment, 
 provided, however, that
such Restricted Payments shall not be permitted if an Event of Default or Default shall have occurred and be continuing at the date of declaration or payment thereof or would result therefrom; 
 Section 8.6         Prepayment and Cancellation of Indebtedness

 (a)         The Borrower shall not, nor shall it permit any
Subsidiary of the Borrower to, cancel any claim or Indebtedness owed to any of them except (i) in the ordinary course of business consistent with past practice and/or the reasonable business judgment of the Borrower and (ii) in respect of
intercompany Indebtedness among the Borrower and the Guarantors that are Domestic Subsidiaries. 
 (b)         The Borrower shall not, nor shall the Borrower permit any of its Subsidiaries to, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any
manner, or make any payment in violation of any subordination terms of any Indebtedness; provided, however, that the Borrower and each Subsidiary of the Borrower may (i) prepay the Obligations in accordance with the terms of this
Agreement, (ii) make regularly scheduled or otherwise required repayments or redemptions of Indebtedness, (iii) prepay in full the Existing Indebtedness with the proceeds of the initial Borrowings hereunder, (iv) prepay Indebtedness
payable to the Borrower by any of its Subsidiaries, (v) renew, extend, refinance and refund Indebtedness, as long as such renewal, extension, refinancing or refunding is permitted under Section 8.1(e) (Indebtedness),
(vi) prepay Capital Lease Obligations and purchase money Indebtedness permitted under Section 8.1(d) (Indebtedness) and (vii) prepay any Indebtedness (A) in an aggregate amount not exceeding the Annual RP Amount or
(B) with Net Cash Proceeds of any Equity Issuance not otherwise used for Permitted Acquisitions or to prepay Loans under clause (a) of Section 2.9 (Mandatory Prepayments); provided that Financial Statements have been
delivered for such preceding Fiscal Year pursuant to Section 6.1(c) (Financial Statements); provided, however that (x) if any such prepayment is in respect of subordinated Indebtedness, before and after giving effect to the payment
of such dividends, the Leverage Ratio does not exceed 3.75 to 1.0, (y) that such prepayment shall not be permitted if an Event of Default or Default shall have occurred and be continuing at the date of declaration or payment thereof or would
result therefrom and (z) in connection with clause (b)(vii) above, the Borrower has delivered an RP Certificate to the Administrative Agent in connection with such prepayment. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 8.7        
Restriction on Fundamental Changes; Permitted Acquisitions; Restricted Subsidiaries 
 The Borrower
shall not, nor shall it permit any Subsidiary of the Borrower to, (a) except in connection with a Permitted Acquisition and the Acquisition, (i) merge or consolidate with any Person (other than (x) with other Subsidiaries of the
Borrower or (y) with the Borrower so long as the Borrower is the surviving Person following such merger or consolidation), (ii) acquire all or substantially all of the Stock or Stock Equivalents of any Person or (iii) acquire all or
substantially all of the assets of any Person or all or substantially all of the assets constituting the business of a division, branch or other unit operation of any Person, (b) enter into any joint venture or partnership with any Person
(except as permitted by Section 8.3(j) (Investments)) or (c) acquire or create any Subsidiary unless, after giving effect to such creation or acquisition, such Subsidiary is a Wholly-Owned Subsidiary of the Borrower (unless such
Subsidiary is permitted under clause (j) of Section 8.3 (Investments)), the Borrower is in compliance with Section 7.11 (Additional Collateral and Guaranties) and the Investment in such Subsidiary is permitted
under Section 8.3(e) (Investments). 
 Section
8.8         Change in Nature of Business 
 The Borrower shall
not, and shall not permit any of its Subsidiaries to, make any material change in the nature or conduct of its business as carried on at the date hereof, whether in connection with a Permitted Acquisition or otherwise, except for the entry into
business reasonably related or ancillary thereto or a reasonable extension thereof. 
 Section
8.9         Transactions with Affiliates 
 The Borrower shall
not, nor shall it permit any Subsidiary of the Borrower to, except as otherwise expressly permitted herein, do any of the following: (a) make any Investment in an Affiliate of the Borrower that is not a Subsidiary of the Borrower,
(b) transfer, sell, lease, assign or otherwise dispose of any asset to any Affiliate of the Borrower that is not a Subsidiary of the Borrower, (c) merge into or consolidate with or purchase or acquire assets from any Affiliate of the
Borrower that is not a Subsidiary of the Borrower, (d) repay prior to its scheduled maturity any Indebtedness, issued or incurred after the Original Effective Date, to any Affiliate of the Borrower that is not a Subsidiary of the Borrower,
(e) enter into any other transaction directly or indirectly with or for the benefit of any Affiliate of the Borrower that is not a Guarantor (including guaranties and assumptions of obligations of any such Affiliate), except for, in the case of
this clause (e), (i) transactions in the ordinary course of business on a basis no less favorable to the Borrower or, as the case may be, such Subsidiary thereof as would be obtained in a comparable arm’s length transaction with a
Person not an Affiliate thereof (as determined in good faith by the board of directors of the Borrower) and (ii) salaries and other director or employee compensation to officers or directors of the Borrower or any of its Subsidiaries
commensurate with current compensation levels. 
 Section
8.10         Limitations on Restrictions on Subsidiary Distributions; No New Negative Pledge; Restricted Subsidiaries 
 (a)         Except pursuant to the Loan Documents, agreements governing purchase money Indebtedness or Capital Lease Obligations permitted by
Section 8.1(b), (d), (e) or (k) (Indebtedness) (in the case of agreements permitted by such clauses, any prohibition or limitation shall only be effective against the assets financed thereby) and agreements
relating to Asset Sales permitted under Section 8.4 (Sales of Assets) (in the case of such agreements, any prohibition or limitation shall only be effective against the assets or Stock subject to such Asset Sate), the Borrower shall not,
and shall not permit any of its Subsidiaries to, (i) agree to enter into or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of such Subsidiary to pay dividends or make any other
distribution or

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
transfer of funds or assets or make loans or advances to or other Investments in, or pay any Indebtedness owed to, the Borrower or any other Subsidiary of the Borrower or (ii) enter into or
suffer to exist or become effective any agreement prohibiting or limiting the ability of the Borrower or any Subsidiary of the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now
owned or hereafter acquired, to secure the Obligations, including any agreement requiring any other Indebtedness or Contractual Obligation to be equally and ratably secured with the Obligations. 
 (b)         Notwithstanding anything herein to the contrary, until the PUC
Authorizations contemplated Section 7.12(b) (Regulatory Consents) are obtained and each Subsidiary listed on Schedule 8.10(b) (Restricted Subsidiaries) has satisfied the Subsidiary Guaranty Requirements, no such Subsidiary of the
Borrower shall (i) conduct any business or engage in any activities other than the businesses related to the CATV Franchises or PUC Authorizations, as applicable; (ii) incur any Indebtedness directly or on behalf of the Borrower or any of
its other Subsidiaries (other than the incurrence of accounts payable or accrued liabilities in the ordinary course of business; provided that such accounts payable or accrued liabilities do not exceed in the aggregate $5,000,000 for all
Subsidiaries listed on Schedule 8.10(b) (Restricted Subsidiaries); or (iii) receive, collect, retain or hold any funds, proceeds or assets (other than such Permits) either directly or on behalf of the Borrower or any of its other
Subsidiaries other than in the ordinary course of business; provided, that any funds, proceeds or assets are received by such Subsidiary other than in the ordinary course of business shall be immediately transferred to the Borrower.

 Section 8.11         Modification of Constituent Documents

 The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to amend its Constituent
Documents (including in the terms of its outstanding Stock), except for changes and amendments that do not materially adversely affect the interests of the Secured Parties under the Loan Documents or in the Collateral. 
 Section 8.12         Modification of Related Documents 
 The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, alter, rescind, terminate, amend, supplement,
waive or otherwise modify any provision of any Related Document (except for modifications that do not materially and adversely affect the rights and privileges of the Borrower or any Subsidiary of the Borrower under such Related Document and that do
not materially and adversely affect the interests of the Secured Parties under the Loan Documents or in the Collateral). 
 Section 8.13         Accounting Changes; Fiscal Year 
 The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, change its (a) accounting treatment and reporting practices or tax reporting treatment, except as required by GAAP or
any Requirement of Law and disclosed to the Lenders and the Administrative Agent or (b) fiscal year. 
 Section 8.14         Margin Regulations 
 The
Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, use all or any portion of the proceeds of any credit extended hereunder to purchase or carry margin stock (within the meaning of Regulation U of the Federal Reserve Board) in
contravention of Regulation U of the Federal Reserve Board. 
 Section
8.15         Sale/Leasebacks 
 The Borrower shall not, nor
shall it permit any Subsidiary of the Borrower to, enter into any sale and leaseback transaction, except as permitted by Section 8.4(f) (Asset Sales). 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 8.16         No
Speculative Transactions 
 The Borrower shall not, nor shall it permit any Subsidiary of the Borrower
to, engage in any speculative transaction or in any transaction involving Hedging Contracts except as required by Section 7.15 (Interest Rate Contract) or for the sole purpose of hedging in the normal course of business and consistent
with industry practices. 
 Section 8.17         Compliance with
ERISA 
 The Borrower shall not, nor shall it permit any Subsidiary of the Borrower or any ERISA
Affiliate to, cause or permit to occur, (a) an event that could result in the imposition of a Lien under Section 412 of the Code or Section 302 or 4068 of ERISA or (b) ERISA Events that would have a Material Adverse Effect in the
aggregate. 
 Section 8.18         Environmental

 The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, allow a Release of any
Contaminant in violation of any Environmental Law; provided, however, that the Borrower shall not be deemed in violation of this Section 8.18 if all Environmental Liabilities and Costs incurred or reasonably expected to be
incurred by the Loan Parties as the consequence of all such Releases shall not exceed $5,000,000 in the aggregate. 
 Section 8.19         Patriot Act 
 The Borrower
shall not, nor shall it permit any Subsidiary of the Borrower to, take any action or permit any circumstance (whether directly or indirectly) the result of which would result in a breach of Section 4.22 (Prohibited Persons; Trade
Restrictions). 
 ARTICLE IX 
 EVENTS OF DEFAULT 
 Section
9.1         Events of Default 
 Each of the following events
shall be an Event of Default: 
 (a)         the Borrower shall fail to
pay any principal of any Loan or any Reimbursement Obligation when the same becomes due and payable; or 
 (b)         the Borrower shall fail to pay any interest on any Loan, any fee under any of the Loan Documents or any other Obligation (other than one referred to in clause (a) above) and
such non-payment continues for a period of three Business Days after the due date therefor; or 
 (c)         any representation or warranty made or deemed made by any Loan Party in any Loan Document or by any Loan Party (or any of its officers) in connection with any Loan Document shall prove to
have been incorrect in any material respect when made or deemed made; or 
 (d)         any Loan Party shall fail to perform or observe (i) any term, covenant or agreement contained in Article V (Financial Covenants), 6.2 (Default Notices), 7.1 (Preservation of
Corporate Existence, Etc.), 7.6 (Access), 7.9 (Application of Proceeds) or Article VIII (Negative Covenants) or (ii) any other term, covenant or agreement contained in this Agreement or in any other Loan Document if such failure under
this clause (ii) shall remain unremedied for 30 days after the earlier of (A) the date on which a Responsible Officer of the Borrower becomes aware of such failure and (B) the date on which written notice thereof shall have been given
to the Borrower by the Administrative Agent or any Lender; or 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (e)         (i) the Borrower or
any Subsidiary of the Borrower shall fail to make any payment on any Indebtedness of the Borrower or any such Subsidiary (other than the Obligations) or any Guaranty Obligation in respect of Indebtedness of any other Person, and, in each case, such
failure relates to Indebtedness having a principal amount of $10,000,000 or more, when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), (ii) any other event shall occur or
condition shall exist under any agreement or instrument relating to any such Indebtedness, if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness or (iii) any such
Indebtedness shall become or be declared to be due and payable, or be required to be prepaid or repurchased (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof; or 
 (f)         (i) the Borrower or any Material Subsidiary of the Borrower shall
generally not pay its debts as such debts become due, shall admit in writing its inability to pay its debts generally or shall make a general assignment for the benefit of creditors, (ii) any proceeding shall be instituted by or against the
Borrower or any Material Subsidiary of the Borrower seeking to adjudicate it bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts, under any
Requirement of Law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a custodian, receiver, trustee or other similar official for it or for any substantial
part of its property; provided, however, that, in the case of any such proceedings instituted against the Borrower or any Material Subsidiary of the Borrower (but not instituted by the Borrower or any Material Subsidiary of the Borrower) either such
proceedings shall remain undismissed or unstayed for a period of 30 days or more or any action sought in such proceedings shall occur or (iii) the Borrower or any Material Subsidiary of the Borrower shall take any corporate action to authorize
any action set forth in clauses (i) and (ii) above; or 
 (g)         one or more judgments or orders (or other similar process) involving, in the case of money judgments, an aggregate amount in excess of $10,000,000, to the extent not covered by insurance,
shall be rendered against one or more of the Borrower and its Subsidiaries and such judgment or order shall continue for a period of 30 days without being discharged, stayed or bonded pending appeal; or 
 (h)         an ERISA Event shall occur and the amount of all liabilities and
deficiencies resulting therefrom, whether or not assessed, exceeds $10,000,000 in the aggregate; or 
 (i)         any provision of any Loan Document after delivery thereof shall for any reason fail or cease to be valid and binding on, or enforceable against, any Loan Party party thereto, or any Loan
Party shall so state in writing; or 
 (j)         any Collateral
Document shall for any reason fail or cease to create a valid and enforceable Lien on any Collateral purported to be covered thereby or, except as permitted by the Loan Documents, such Lien shall fail or cease to be a perfected and first-priority
Lien, or any Loan Party shall so state in writing; or 
 (k)        
there shall occur any Change of Control; or 
 (l)         the Borrower
or any Subsidiary of the Borrower shall have entered into one or more consent or settlement decrees or agreements or similar arrangements with a Governmental Authority or one or more judgments, orders, decrees or similar actions shall have been
entered against one or more of the Borrower or any Subsidiary of the Borrower based on or arising from the violation of or pursuant to any Environmental Law, or the generation, storage, transportation, treatment, disposal or Release of any
Contaminant and, in connection with all the foregoing, the Borrower or any Subsidiary of the Borrower is likely to incur Environmental Liabilities and Costs exceeding $10,000,000 in the aggregate that were not reflected in the Projections or the
Financial Statements delivered pursuant to Section 4.4 (Financial Statements) prior to the date hereof; or 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (m)         Any Communications
License, CATV Franchise or PUC Authorization of the Borrower or of any Subsidiary of the Borrower is revoked, suspended, cancelled or otherwise terminated by reason of any illegal activities or negligence of the Borrower or any Subsidiary or by
reason of any breach of any applicable agreement, order or regulation by the Borrower or any Subsidiary of the Borrower and such revocation, suspension, cancellation or termination would have a Material Adverse Effect. 
 Section 9.2         Remedies 
 During the continuance of any Event of Default, the Administrative Agent (a) may, and, at the request of the Requisite
Lenders, shall, by notice to the Borrower declare that all or any portion of the Commitments be terminated, whereupon the obligation of each Lender to make any Loan and each Issuer to Issue any Letter of Credit shall immediately terminate and
(b) may and, at the request of the Requisite Lenders, shall, by notice to the Borrower, declare the Loans, all interest thereon and all other amounts and Obligations payable under this Agreement to be forthwith due and payable, whereupon the
Loans, all such interest and all such amounts and Obligations shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower;
provided, however, that upon the occurrence of any Event of Default specified in Section 9.1(f) (Events of Default), (x) the Commitments of each Lender to make Loans and the commitments of each Lender and Issuer to
Issue or participate in Letters of Credit shall each automatically be terminated and (y) the Loans, all such interest and all such amounts and Obligations shall automatically become and be due and payable, without presentment, demand, protest
or any notice of any kind, all of which are hereby expressly waived by the Borrower. In addition to the remedies set forth above, the Administrative Agent may exercise any remedies provided for by the Collateral Documents in accordance with the
terms thereof or any other remedies provided by applicable law in each case. 
 Section
9.3         Actions in Respect of Letters of Credit 
 At any
time (i) upon the Revolving Credit Termination Date, (ii) after the Revolving Credit Termination Date when the aggregate funds on deposit in Cash Collateral Accounts shall be less than 105% of the Letter of Credit Obligations,
(iii) as may be required by Section 2.9(c) or (d) (Mandatory Prepayments), the Borrower shall pay to the Administrative Agent in immediately available funds at the Administrative Agent’s office referred to in
Section 11.8 (Notices, Etc.), for deposit in a Cash Collateral Account, (x) in the case of clauses (i) and (ii) above, the amount required so that, after such payment, the aggregate funds on deposit in the
Cash Collateral Accounts equals or exceeds 105% of the sum of all outstanding Letter of Credit Obligations and (y) in the case of clause (iii) above, the amount required by Section 2.9(c) or (d) (Mandatory
Prepayments). The Administrative Agent may, from time to time after funds are deposited in any Cash Collateral Account, apply funds then held in such Cash Collateral Account to the payment of any amounts, in accordance with
Section 2.9(c) or (d) (Mandatory Prepayments) and Section 2.13(g) (Payments and Computations), as shall have become or shall become due and payable by the Borrower to the Issuers or Lenders in respect of the
Letter of Credit Obligations. The Administrative Agent shall promptly give written notice of any such application; provided, however, that the failure to give such written notice shall not invalidate any such application. 

Section 9.4         Regulatory Approvals 
 Upon any action by the Administrative Agent or Collateral Agent to commence the exercise of remedies hereunder or under the
other Loan Documents, the Borrower hereby undertakes, and agrees to cause each of its Subsidiaries to undertake, to cooperate and join with the Administrative Agent or Collateral Agent in any application to any regulatory body (including the FCC or
any PUC), administrative agency, court or other forum, with respect thereto and to provide such assistance in connection therewith as the Administrative Agent or the Collateral Agent may request, including the preparation of filings and appearances
of officers and employees of the Borrower or any of its Subsidiaries before any Governmental Authority, in each case, in support of any such application made by the Administrative Agent or the Collateral Agent and the Borrower shall not, nor shall
the Borrower permit any of its Subsidiaries to, directly or indirectly, oppose any such action by the Administrative Agent or the Collateral Agent before any Governmental Authority. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 9.5        
Rescission 
 If at any time after termination of the Commitments or acceleration of the maturity of the
Loans, the Borrower shall pay all arrears of interest and all payments on account of principal of the Loans and Reimbursement Obligations that shall have become due otherwise than by acceleration (with interest on principal and, to the extent
permitted by law, on overdue interest, at the rates specified herein) and all Events of Default and Defaults (other than non-payment of principal of and accrued interest on the Loans due and payable solely by virtue of acceleration) shall be
remedied or waived pursuant to Section 11.1 (Amendments, Waivers, Etc.), then upon the written consent of the Requisite Lenders and written notice to the Borrower, the termination of the Commitments or the acceleration and their
consequences may be rescinded and annulled; provided, however, that such action shall not affect any subsequent Event of Default or Default or impair any right or remedy consequent thereon. The provisions of the preceding sentence are
intended merely to bind the Lenders and the Issuers to a decision that may be made at the election of the Requisite Lenders, and such provisions are not intended to benefit the Borrower and do not give the Borrower the right to require the Lenders
to rescind or annul any acceleration hereunder, even if the conditions set forth herein are met. 
 ARTICLE X 

THE ADMINISTRATIVE AGENT 
 Section 10.1         Authorization and Action 
 (a)         Each Lender and each Issuer hereby appoints Credit Suisse, acting through one or more of its branches, as the Administrative Agent and the Collateral
Agent hereunder, and each Lender and each Issuer authorizes the Administrative Agent and the Collateral Agent to take such action as agent on their behalf and to exercise such powers under this Agreement and the other Loan Documents as are delegated
to the Administrative Agent or the Collateral Agent, as applicable, under such agreements and to exercise such powers as are reasonably incidental thereto. Without limiting the foregoing, each Lender and each Issuer hereby authorizes the
Administrative Agent and the Collateral Agent to execute and deliver, and to perform its respective obligations under, each of the Loan Documents to which it is a party, to exercise all rights, powers and remedies that the Administrative Agent or
the Collateral Agent, as applicable, may have under such Loan Documents and, in the case of the Collateral Agent with respect to the Collateral Documents, to act as agent for the Lenders, the Issuers and the other Secured Parties under such
Collateral Documents. 
 (b)         As to any matters not expressly
provided for by this Agreement and the other Loan Documents (including enforcement or collection), the Administrative Agent and the Collateral Agent shall not be required to exercise any discretion or take any action, but shall be required to act or
to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Requisite Lenders, and such instructions shall be binding upon all Lenders; provided, however, that the Administrative
Agent and the Collateral Agent shall not be required to take any action that (i) the Administrative Agent or the Collateral Agent in good faith believes exposes it to personal liability unless it receives an indemnification satisfactory to it
from the Lenders with respect to such action or (ii) is contrary to this Agreement or applicable law. The Administrative Agent and the Collateral Agent each agree to give to each Lender and each Issuer prompt notice of each notice given by any
Loan Party pursuant to Article II hereof or as otherwise expressly required by the terms of this Agreement or the other Loan Documents. 
 (c)         In performing its functions and duties hereunder and under the other Loan Documents, each of the Administrative Agent and the Collateral Agent is acting
solely on behalf of the Lenders and the Issuers except to the limited extent provided in Section 2.7(b) (Evidence of Debt), and their

 AMENDED AND RESTATED CREDIT
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 KNOLOGY, INC. 
  

 
respective duties are entirely administrative in nature. Neither the Administrative Agent nor the Collateral Agent assume and shall not be deemed to have assumed any obligation other than as
expressly set forth herein and in the other Loan Documents or any other relationship as the agent, fiduciary or trustee of or for any Lender or holder of any other Obligation. The Administrative Agent and the Collateral Agent may perform any of its
duties under any Loan Document by or through its agents or employees. 
 (d)         The Arranger shall have no obligations or duties whatsoever in such capacity under this Agreement or any other Loan Document and shall incur no liability hereunder or thereunder in such
capacity. 
 (e)         Notwithstanding anything to the contrary
contained in this Agreement, each Co-Syndication Agent is a Lender designated as “Co-Syndication Agent” for title purposes only and in such capacity shall have no obligations or duties whatsoever under this Agreement or any other
Loan Document to any Loan Party, any Lender or any Issuer and shall have no rights separate from its rights as a Lender except as expressly provided in this Agreement. Notwithstanding anything to the contrary contained in this Agreement, each
Co-Documentation Agent is a Lender designated as a “Co-Documentation Agent” for title purposes only and in such capacity shall have no obligations or duties whatsoever under this Agreement or any other Loan Document to any Loan
Party, any Lender or any Issuer and shall have no rights separate from its rights as a Lender except as expressly provided in this Agreement. 
 Section 10.2         Reliance by Agents, Etc. 
 None of the Administrative Agent, the Collateral Agent, nor any of their respective Affiliates or any of their respective directors, officers, agents or employees shall be liable for any action taken or
omitted to be taken by it, him, her or them under or in connection with this Agreement or the other Loan Documents, except for its, his, her or their own gross negligence or willful misconduct. Without limiting the foregoing, the Administrative
Agent and the Collateral Agent (a) may treat the payee of any Note as its holder until such Note has been assigned in accordance with Section 2.7 (Evidence of Debt), (b) may rely on the Register to the extent set forth in
Section 11.2 (Assignments and Participations), (c) may consult with legal counsel (including counsel to the Borrower or any other Loan Party), independent public accountants and other experts selected by it and shall not be liable
for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts, (d) makes no warranty or representation to any Lender or Issuer and shall not be responsible to any Lender or
Issuer for any statements, warranties or representations made by or on behalf of the Borrower or any of its Subsidiaries in or in connection with this Agreement or any other Loan Document, (e) shall not have any duty to ascertain or to inquire
either as to the performance or observance of any term, covenant or condition of this Agreement or any other Loan Document, as to the financial condition of any Loan Party or as to the existence or possible existence of any Default or Event of
Default, (f) shall not be responsible to any Lender or Issuer for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the attachment, perfection or priority of any Lien created or purported to be
created under or in connection with, this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto or thereto and (g) shall incur no liability under or in respect of this Agreement or any other Loan
Document by acting upon any notice, consent, certificate or other instrument or writing (which writing may be a telecopy or electronic mail) or any telephone message believed by it to be genuine and signed or sent by the proper party or parties.

 Section 10.3         Posting of Approved Electronic
Communications 
 (a)         Each of the Lenders, the Issuers
and the Borrower agree, and the Borrower shall cause each Guarantor to agree, that the Administrative Agent and the Collateral Agent may, but shall not be obligated to, make the Approved Electronic Communications available to the Lenders and Issuers
by posting such Approved Electronic Communications on IntraLinksTM or a substantially similar electronic platform chosen by the Administrative Agent and the Collateral Agent to be its electronic transmission system (the “Approved
Electronic Platform”). 

 AMENDED AND RESTATED CREDIT
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 KNOLOGY, INC. 
  

 (b)         Although the
Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures and policies implemented or modified by the Administrative Agent from time to time (including, as of the Original Effective Date, a
dual firewall and a User ID/Password Authorization System) and the Approved Electronic Platform is secured through a single-user-per-deal authorization method whereby each user may access the Approved Electronic Platform only on a deal-by-deal
basis, each of the Lenders, the Issuers and the Borrower acknowledges and agrees, and the Borrower shall cause each Guarantor to acknowledge and agree, that the distribution of material through an electronic medium is not necessarily secure and that
there are confidentiality and other risks associated with such distribution. In consideration for the convenience and other benefits afforded by such distribution and for the other consideration provided hereunder, the receipt and sufficiency of
which is hereby acknowledged, each of the Lenders, the Issuers and the Borrower hereby approves, and the Borrower shall cause each Guarantor to approve, distribution of the Approved Electronic Communications through the Approved Electronic Platform
and understands and assumes, and the Borrower shall cause each Guarantor to understand and assume, the risks of such distribution. 
 (c)         The Approved Electronic Communications and the Approved Electronic Platform are provided “as is” and “as available”.
None of the Administrative Agent, the Collateral Agent or any of their respective Affiliates or any of their respective officers, directors, employees, agents, advisors or representatives (the “Agent Affiliates”) warrant the
accuracy, adequacy or completeness of the Approved Electronic Communications and the Approved Electronic Platform and each expressly disclaims liability for errors or omissions in the Approved Electronic Communications and the Approved Electronic
Platform. No Warranty of any kind, express, implied or statutory (including any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects) is made by the agent
affiliates in connection with the approved electronic communications or the approved electronic platform. 
 (d)         Each of the Lenders, the Issuers and the Borrower agree, and the Borrower shall cause each Guarantor to agree, that the Administrative Agent and the Collateral Agent may, but (except as
may be required by applicable law) shall not be obligated to, store the Approved Electronic Communications on the Approved Electronic Platform in accordance with the Administrative Agent’s generally-applicable document retention procedures and
policies. 
 Section 10.4         The Agents Individually

 With respect to its Ratable Portion, each Agent that is a Lender shall have and may exercise the same rights
and powers hereunder and is subject to the same obligations and liabilities as and to the extent set forth herein for any other Lender. The terms “Lenders”, “Revolving Credit Lenders”, “Term Loan
Lenders”, “Initial Term Loan Lenders”, “Incremental Term Loan Lenders”, “Existing Term Loan Lenders”, “Extended Term Loan Lenders”, “Requisite Lenders”,
“Requisite Term Loan Lenders”, “Requisite Revolving Credit Lenders” and any similar terms shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity as a Lender, a Revolving
Credit Lender, Term Loan Lender, Existing Term Loan Lender, Extended Term Loan Lender, Initial Term Loan Lender, Incremental Term Loan Lender or as one of the Requisite Lenders, Requisite Term Loan Lenders or Requisite Revolving Credit
Lender. Each Agent and each of its Affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with, any Loan Party as if such Agent were not acting as an Agent. 
 Section 10.5         Lender Credit Decision 
 Each Lender and each Issuer acknowledges that it shall, independently and without reliance upon any Agent or any other
Lender conduct its own independent investigation of the financial condition and affairs of the Borrower and each other Loan Party in connection with the making and continuance of the Loans and with the issuance of the Letters of Credit. Each Lender
and each Issuer also acknowledges that it shall, independently and without reliance upon the Agents or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under this Agreement and other Loan Documents. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 10.6        
Indemnification 
 Each Lender agrees to indemnify the Administrative Agent, the Collateral Agent and,
in each case, each of its Affiliates, and each of their respective directors, officers, employees, agents and advisors (to the extent not reimbursed by the Borrower), from and against such Lender’s aggregate Ratable Portion of any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses and disbursements (including fees, expenses and disbursements of financial and legal advisors) of any kind or nature whatsoever that may be imposed on,
incurred by, or asserted against, the Administrative Agent, the Collateral Agent or any of its Affiliates, directors, officers, employees, agents and advisors in any way relating to or arising out of this Agreement or the other Loan Documents or any
action taken or omitted by the Administrative Agent or the Collateral Agent under this Agreement or the other Loan Documents; provided, however, that no Lender shall be liable for any portion of such liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s or Collateral Agent’s or such Affiliate’s gross negligence or willful misconduct. Without limiting the
foregoing, each Lender agrees to reimburse the Administrative Agent and Collateral Agent promptly upon demand for its ratable share of any out-of-pocket expenses (including fees, expenses and disbursements of financial and legal advisors) incurred
by the Administrative Agent or the Collateral Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in
respect of its rights or responsibilities under, this Agreement or the other Loan Documents, to the extent that the Administrative Agent or the Collateral Agent is not reimbursed for such expenses by the Borrower or another Loan Party. 

Section 10.7         Successor Agents 
 The Administrative Agent and the Collateral Agent may resign at any time by giving written notice thereof to the Lenders and
the Borrower. Upon any such resignation, the Requisite Lenders shall have the right to appoint a successor Administrative Agent or Collateral Agent, as applicable. If no successor Administrative Agent or Collateral Agent shall have been so appointed
by the Requisite Lenders, and shall have accepted such appointment, within 30 days after the retiring Agent’s giving of notice of resignation, then the retiring Agent may, on behalf of the Lenders, appoint a successor Administrative Agent or
Collateral Agent, as applicable, selected from among the Lenders. Upon the acceptance of any appointment as Administrative Agent by a successor Administrative Agent or as Collateral Agent by a successor Collateral Agent, such successor Agent shall
succeed to, and become vested with, all the rights, powers, privileges and duties of the applicable retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement and the other Loan Documents. Prior
to any retiring Agent’s resignation hereunder as Administrative Agent or Collateral Agent, the retiring Agent shall take such action as may be reasonably necessary to assign to the successor Agent its rights as Administrative Agent or
Collateral Agent, as applicable, under the Loan Documents. After such resignation, any retiring Agent shall continue to have the benefit of this Article X as to any actions taken or omitted to be taken by it while it was Administrative Agent
or Collateral Agent, as applicable, under this Agreement and the other Loan Documents. If no Person has accepted the appointment as successor Collateral Agent, as provided above, the Administrative Agent shall succeed to, and become vested with, all
the rights, powers, privileges and duties of, the applicable retiring Collateral Agent effective upon its resignation until a successor Collateral Agent has been appointed in accordance with the terms hereof. If no Person has accepted the
appointment as successor Administrative Agent or the Administrative Agent has not succeeded a retiring Collateral Agent, in each case, as provided above, the Requisite Lenders shall succeed to, and become vested with, all the rights, powers,
privileges and duties of, the applicable retiring Agent effective upon its resignation. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 10.8        
Concerning the Collateral and the Collateral Documents 
 (a)         Each Lender and each Issuer agrees that any action taken by the Administrative Agent, the Collateral Agent or the Requisite Lenders (or, where required by the express terms of this
Agreement, a greater proportion of the Lenders) in accordance with the provisions of this Agreement, or of the other Loan Documents, and the exercise by the Administrative Agent, the Collateral Agent or the Requisite Lenders (or, where so required,
such greater proportion) of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Lenders, Issuers and other Secured Parties. Without limiting
the generality of the foregoing and, in each case, subject to Section 10.7 (Successor Agents), (i) the Administrative Agent shall have the sole and exclusive right and authority to act as the disbursing and collecting agent for the
Lenders and the Issuers with respect to all payments and collections arising in connection herewith and with the Collateral Documents, (ii) the Collateral Agent shall have the sole and exclusive right and authority to (A) execute and
deliver each Collateral Document and accept delivery of each such agreement delivered by the Borrower or any of its Subsidiaries, (B) act as collateral agent for the Lenders, the Issuers and the other Secured Parties for purposes of the
perfection of all security interests and Liens created by such agreements and all other purposes stated therein, provided, however, that the Collateral Agent hereby appoints, authorizes and directs each Lender and Issuer to act as
collateral sub-agent for the Administrative Agent, the Lenders and the Issuers for purposes of the perfection of all security interests and Liens with respect to the Collateral, including any Deposit Accounts maintained by a Loan Party with, and
cash and Cash Equivalents held by, such Lender or such Issuer, (C) manage, supervise and otherwise deal with the Collateral and (D) take such action as is necessary or desirable to maintain the perfection and priority of the security
interests and Liens created or purported to be created by the Collateral Documents and (iii) the Administrative Agent, and the Collateral Agent at the direction of the Administrative Agent, shall have the exclusive right and authority to
(except as may be otherwise specifically restricted by the terms hereof or of any other Loan Document) exercise all remedies given to the Administrative Agent, the Lenders, the Issuers and the other Secured Parties with respect to the Collateral
under the Loan Documents relating thereto, applicable law or otherwise. 
 (b)         Each of the Lenders and the Issuers hereby consents to the release and hereby directs, in accordance with the terms hereof, the Administrative Agent and the Collateral Agent to release
(or, in the case of clause (ii) below, release or subordinate) any Lien held by the Administrative Agent or the Collateral Agent for the benefit of the Lenders and the issuers against any of the following: 
 (i)         all of the Collateral and all Loan Parties, upon
termination of the Commitments and payment and satisfaction in full of all Loans, all Reimbursement Obligations and all other Obligations that the Administrative Agent has been notified in writing are then due and payable (and, in respect of
contingent Letter of Credit Obligations, with respect to which cash collateral has been deposited or a back-up letter of credit has been issued, in either case in the appropriate currency and on terms satisfactory to the Administrative Agent and the
applicable Issuers); 
 (ii)         any assets that are
subject to a Lien permitted by Section 8.2(d) or (e) (Liens, Etc.); and 
 (iii)         any part of the Collateral sold or disposed of by a Loan Party if such sale or disposition is permitted by this Agreement (or permitted pursuant to a waiver of or consent to a
transaction otherwise prohibited by this Agreement). 
 Each of the Administrative Agent, Lenders and the Issuers hereby directs
the Collateral Agent to execute and deliver or file such termination and partial release statements and do such other things as are necessary to release Liens to be released pursuant to this Section 10.8 promptly upon the effectiveness
of any such release. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 10.9        
Actions by the Collateral Agent 
 The Collateral Agent shall take, or refrain from taking, any action
as directed in writing by the Administrative Agent or the Requisite Lenders. Notwithstanding anything to the contrary provided herein or in the Collateral Documents, the Collateral Agent shall not be obligated to take, or refrain from taking, any
action (a) to the extent the Collateral Agent has received a written advice from its counsel that such action is in conflict with any applicable law, Collateral Document or order of any Governmental Authority or (b) with respect to which
the Collateral Agent, in its reasonable judgment, has not received adequate security or indemnity hereunder or under the Collateral Documents. Nothing in this Section 10.9 shall impair the right of the Collateral Agent in its discretion
to take or omit to take any action which is deemed proper by the Collateral Agent under the Collateral Documents and which it believes in good faith is not inconsistent with any direction of the Administrative Agent or the Requisite Lenders
delivered pursuant to this Section 10.9; provided, however, the Collateral Agent shall not be under any obligation to take any discretionary action under the provisions of this Agreement or any other Collateral Document
unless so directed by the Administrative Agent or the Requisite Lenders. The Collateral Agent shall be obliged to perform only such duties as are specifically set forth in this Agreement or any Collateral Document, and no implied covenants or
obligations shall be read into this Agreement or any Collateral Document against the Collateral Agent. The Collateral Agent shall, upon receipt of any written direction pursuant to this Section 10.9, exercise the rights and powers vested
in it by any Collateral Document with respect to such direction, and the Collateral Agent shall not be liable with respect to any action taken or omitted in accordance with such direction. If the Collateral Agent shall seek directions from the
Administrative Agent or the Requisite Lenders with respect to any action under any Collateral Document, the Collateral Agent shall not be required to take, or refrain from taking, such action until it shall have received such direction. The
Collateral Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession shall be to deal with it in the same manner as with similar property for its own account. The powers conferred
on the Collateral Agent hereunder and under the Collateral Documents are solely to protect the Collateral Agent’s interest in the Collateral (for itself and for the benefit of the Secured Parties) and, except as expressly set forth herein,
shall not impose any duty upon the Collateral Agent to exercise any such powers. The Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such powers at the direction of the Administrative
Agent, and neither the Collateral Agent nor any of its officers, directors, employees or agents shall be responsible to any Secured Party or any Loan Party for any act or failure to act hereunder, except for its own gross negligence or willful
misconduct. 
 Section 10.10         Collateral Matters Relating
to Related Obligations 
 The benefit of the Loan Documents and of the provisions of this Agreement
relating to the Collateral shall extend to and be available in respect of any Secured Obligation arising under any Hedging Contract that is a Loan Document or that is otherwise owed to Persons other than the Administrative Agent, the Collateral
Agent, the Lenders and the Issuers (collectively, “Related Obligations”) solely on the condition and understanding, as among the Administrative Agent, the Collateral Agent and all Secured Parties, that (a) the Related
Obligations shall be entitled to the benefit of the Loan Documents and the Collateral to the extent expressly set forth in this Agreement and the other Loan Documents and to such extent the Collateral Agent shall hold, and have the right and power
to act with respect to, the Guaranty and the Collateral on behalf of and as agent for the holders of the Related Obligations, but the Collateral Agent is otherwise acting solely as agent for the Lenders and the Issuers and shall have no fiduciary
duty, duty of loyalty, duty of care, duty of disclosure or other obligation whatsoever to any holder of Related Obligations, (b) all matters, acts and omissions relating in any manner to the Guaranty, the Collateral, or the omission, creation,
perfection, priority, abandonment or release of any Lien, shall be governed solely by the provisions of this Agreement and the other Loan Documents and no separate Lien, right, power or remedy shall arise or exist in favor of any Secured Party under
any separate instrument or agreement or in respect of any Related Obligation, (c) each Secured Party shall be bound by all actions taken or omitted, in accordance with the provisions of this Agreement and the other Loan Documents, by the
Administrative Agent, the Collateral Agent and the Requisite Lenders, each of whom shall be entitled to act at its sole discretion and exclusively in its own interest given its own Commitments and its own interest in the Loans, Letter of Credit
Obligations and other Obligations to it arising under this

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
Agreement or the other Loan Documents, without any duty or liability to any other Secured Party or as to any Related Obligation and without regard to whether any Related Obligation remains
outstanding or is deprived of the benefit of the Collateral or becomes unsecured or is otherwise affected or put in jeopardy thereby, (d) no holder of Related Obligations and no other Secured Party (except the Administrative Agent, the
Collateral Agent, the Lenders and the Issuers, to the extent set forth in this Agreement) shall have any right to be notified of, or to direct, require or be heard with respect to, any action taken or omitted in respect of the Collateral or under
this Agreement or the Loan Documents and (e) no holder of any Related Obligation shall exercise any right of setoff, banker’s lien or similar right except to the extent provided in Section 11.6 (Right of Set-off) and then only
to the extent such right is exercised in compliance with Section 11.7 (Sharing of Payments, Etc.). 
 ARTICLE XI

 MISCELLANEOUS 
 Section 11.1         Amendments, Waivers, Etc. 
 (a)         No amendment or waiver of any provision of this Agreement or any other Loan Document nor consent to any departure by any Loan Party therefrom shall in
any event be effective unless the same shall be in writing and (w) in the case of an amendment to cure any ambiguity, omission, defect or inconsistency, signed by the Administrative Agent and the Borrower, (x) in the case of any such
waiver or consent, signed by the Requisite Lenders (or by the Administrative Agent with the consent of the Requisite Lenders), (y) in the case of any amendment necessary to implement the terms of a Term Facility Increase in accordance with the
terms hereof, by the Borrower and the Administrative Agent and (z) in the case of any other amendment, by the Requisite Lenders (or by the Administrative Agent with the consent of the Requisite Lenders) and the Borrower, and then any such
waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no amendment, waiver or consent shall, unless in writing and signed by each Lender directly
affected thereby, in addition to the Requisite Lenders (or the Administrative Agent with the consent thereof), do any of the following: 
 (i)         waive any condition specified in Section 3.1 (Conditions Precedent to Initial Loans and Letters of Credit) or 3.2(b) (Conditions Precedent to
Each Loan and Letter of Credit), except with respect to a condition based upon another provision hereof, the waiver of which requires only the concurrence of the Requisite Lenders and, in the case of the conditions specified in
Section 3.1 (Conditions Precedent to Initial Loans and Letters of Credit), subject to the provisions of Section 3.4 (Determinations of Initial Borrowing Conditions); 
 (ii)         increase the Commitment of such Lender or subject such
Lender to any additional obligation; provided, however, that any such increase with respect to (A) the Term Loan Commitment shall require the consent of the Requisite Term Loan Lenders or (B) the Revolving Credit Commitment
shall require the consent of the Requisite Revolving Credit Lenders; 
 (iii)         extend the scheduled final maturity of any Loan owing to such Lender, or waive, reduce or postpone any scheduled date fixed for the payment or reduction of principal or interest of any
such Loan or fees owing to such Lender (it being understood that Section 2.9 (Mandatory Prepayments) does not provide for scheduled dates fixed for payment) or for the reduction of such Lender’s Commitment or outstanding Term Loans,
as applicable; 
 (iv)         reduce, or release the
Borrower from its obligations to repay, the principal amount of any Loan or Reimbursement Obligation owing to such Lender (other than by the payment or prepayment thereof); 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (v)        
reduce the rate of interest on any Loan or Reimbursement Obligation outstanding and owing to such Lender or any fee payable hereunder to such Lender; 
 (vi)         expressly subordinate any of the Secured Obligations or any Liens securing the Secured Obligations; 
 (vii)         postpone any scheduled date fixed for payment of
interest or fees owing to such Lender or waive any such payment; 
 (viii)         change the aggregate Ratable Portions of Lenders required for any or all Lenders to take any action hereunder, other than to take into account a new term loan tranche pursuant to a Term
Facility Increase; 
 (ix)         release all or
substantially all of the Collateral except as provided in Section 10.8(b) (Concerning the Collateral and the Collateral Documents) or release the Borrower from its payment obligation to such Lender under this Agreement or the Notes owing
to such Lender (if any) or release any Guarantor from its obligations under the Guaranty except in connection with the sale or other disposition of a Guarantor (or all or substantially all of the assets thereof) permitted by this Agreement (or
permitted pursuant to a waiver or consent of a transaction otherwise prohibited by this Agreement); and provided that any proceeds from such sale or disposition are applied as required hereby; 
 (x)         amend Section 10.8(b) (Concerning the
Collateral and the Collateral Documents), Section 11.7 (Sharing of Payments, Etc.), this Section 11.1 or either definition of the terms “Requisite Lenders” or “Ratable Portion”; and provided,
further, that (w) any modification of the application of payments to the Term Loans pursuant to Section 2.9 (Mandatory Prepayments) shall require the consent of the Requisite Term Loan Lenders and any such modification of
the application of payments to the Revolving Loans pursuant to Section 2.9 (Mandatory Prepayments) shall require the consent of the Requisite Revolving Credit Lenders, (x) no amendment, waiver or consent shall, unless in
writing and signed by any Special Purpose Vehicle that has been granted an option pursuant to Section 11.2(e) (Assignments and Participations), affect the grant or nature of such option or the right or duties of such Special
Purpose Vehicle hereunder, (y) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Administrative
Agent under this Agreement or the other Loan Documents and (z) no amendment, waiver or consent shall, unless in writing and signed by the Swing Loan Lender in addition to the Lenders required above to take such action, affect the rights or
duties of the Swing Loan Lender under this Agreement or the other Loan Documents; and provided, further, that (A) the Administrative Agent may, with the consent of the Borrower, amend, modify or supplement this Agreement to cure any
ambiguity, omission, defect or inconsistency, so long as such amendment, modification or supplement does not adversely affect the rights of any Lender or any Issuer and (B) the Administrative Agent and the Borrower may amend, modify or
supplement any Collateral Document to provide appropriate references to Permitted Existing Refinancing Indebtedness or any intercreditor agreement or collateral agency agreement entered into in connection with any Permitted Existing Refinancing
Indebtedness, where appropriate and relevant so long as such amendment, modification or supplement does not adversely affect the rights of any Lender or any Issuer. 
 (b)         The Administrative Agent may, but shall have no obligation to, with the written concurrence of any Lender, execute amendments,
modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on the Borrower in any case shall entitle
the Borrower to any other or further notice or demand in similar or other circumstances. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (c)         If, in connection
with any proposed amendment, modification, waiver or termination requiring the consent of any Lender whose consent is required is not obtained when due (each such Lender, a “Non-Consenting Lender”), then, as long as the Lender
acting as the Administrative Agent is not a Non-Consenting Lender, at the Borrower’s request (and sole cost and expense), an Eligible Assignee acceptable to the Administrative Agent shall have the right with the Administrative Agent’s
consent and in the Administrative Agent’s sole discretion (but shall have no obligation) to purchase from such Non-Consenting Lender, and such Non-Consenting Lender agrees that it shall, upon the Administrative Agent’s request, sell and
assign to the Lender acting as the Administrative Agent or such Eligible Assignee, all or any portion of the Revolving Credit Commitments and Revolving Credit Outstandings of such Non-Consenting Lender if such Non-Consenting Lender is a Revolving
Credit Lender and all or any portion of the Term Loans (or prior to the Original Effective Date, Existing Term Loan Commitments, as applicable) of such Non-Consenting Lender if such Non-Consenting Lender is a Term Loan Lender, in each case, for an
amount equal to (i) following the Original Effective Date, the principal balance of all such Revolving Loans or Term Loans, as applicable, held by the Non-Consenting Lender and all accrued and unpaid interest and fees with respect thereto
through the date of sale, together with any Applicable Prepayment Premium in the event that a Repricing Event occurs in connection with any such amendment, modification, waiver or termination and (ii) prior to the Original Effective Date, the
amount of accrued and unpaid fees (if any) with respect thereto through the date of such sale; provided, however, that such purchase and sale shall be recorded in the Register maintained by the Administrative Agent and not be effective
until (x) the Administrative Agent shall have received from such Eligible Assignee an agreement in form and substance satisfactory to the Administrative Agent and the Borrower whereby such Eligible Assignee shall agree to be bound by the terms
hereof and (y) such Non-Consenting Lender shall have received payments of all Revolving Loans or Term Loans, as applicable, held by it and all accrued and unpaid interest, fees, unreimbursed costs and expenses and indemnities with respect
thereto, or in respect of its Commitments, as applicable, through the date of the sale, together with any Applicable Prepayment Premium in the event that a Repricing Event occurs in connection with any such amendment, modification, waiver or
termination. Each Lender agrees that, if it becomes a Non-Consenting Lender, it shall execute and deliver to the Administrative Agent an Assignment an Acceptance to evidence such sale and purchase and shall deliver to the Administrative Agent any
Note (if the assigning Lender’s Loans are evidenced by Notes) subject to such Assignment and Acceptance; provided, however, that the failure of any Non-Consenting Lender to execute an Assignment and Acceptance shall not render
such sale and purchase (and the corresponding assignment) invalid and, such assignment shall be recorded in the Register and such Non-Consenting Lender shall be deemed to have executed and delivered such Assignment and Acceptance for all purposes of
this Agreement and the other Loan Documents. 
 Section
11.2         Assignments and Participations 
 (a)         Each Lender may sell, transfer, negotiate or assign to one or more Eligible Assignees all or a portion of its rights and obligations hereunder (including all of its rights and obligations
with respect to the Term Loans, the Revolving Loans, the Swing Loans and the Letters of Credit); provided, however, that (i) if any such assignment shall be of the assigning Lender’s Revolving Credit Outstandings and
Revolving Credit Commitments, such assignment shall cover the same percentage of such Lender’s Revolving Credit Outstandings and Revolving Credit Commitment, (ii) the aggregate amount being assigned pursuant to each such assignment
(determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event (if less than the assigning Lender’s entire interest) be less than $1,000,000 or an integral multiple of $100,000 in excess thereof
(treating multiple, simultaneous assignments by or to two or more Approved Funds which are Affiliates or share the same (or affiliated) manager or advisor as a single assignment for purposes of this clause (a)), except, in either case,
(A) with the consent of the Borrower and the Administrative Agent or (B) if such assignment is being made to a Lender or an Affiliate or Approved Fund of such Lender, (iii) if such Eligible Assignee is not, prior to the date of such
assignment, a Lender or an Affiliate or Approved Fund of a Lender, such assignment shall be subject to the prior consent of the Administrative Agent and, in the case of an assignment with respect to the Revolving Credit Facility, of the Issuer
(which consents shall not be unreasonably withheld or delayed); provided, however, that if such assignment causes any Person (other than Credit Suisse or an Affiliate of

 AMENDED AND RESTATED CREDIT
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 KNOLOGY, INC. 
  

 
Credit Suisse), together with any Affiliates of such Person, to hold in excess of 35% of the principal amount of the Obligations, or such assignment is to a Person holding in excess of 35% of the
principal amount of the Obligations, such assignment shall be subject to the prior consent of the Borrower (which consent shall not be unreasonably withheld, delayed or conditioned). Any such assignment need not be ratable as among the Term Loan
Facilities and the Revolving Credit Facility and if any such assignment shall be by a Revolving Credit Lender, Issuer or Swing Loan Lender, such assignment shall require the prior consent of the Administrative Agent. 
 (b)         The parties to each such assignment shall execute and deliver to the
Administrative Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, together with any Note (if the assigning Lender’s Loans are evidenced by a Note) subject to such assignment (such new Note or Notes shall be
dated the Original Effective Date and shall otherwise be in the form of the Note or Notes replaced thereby) and any administrative questionnaire, tax forms or other documents required by the Administrative Agent. Upon its receipt of an Assignment
and Acceptance executed by the assigning Lender and the Eligible Assignee the Lender or Eligible Assignee shall pay to the Administrative Agent a registration and processing fee of $3,500 for each assignment (except that no such registration and
processing fee shall be payable in the case of (i) an Assignment and Acceptance which is electronically executed and delivered to the Administrative Agent via an electronic settlement system (which system shall initially be ClearPar LLC) or
(ii) an Eligible Assignee which is already a Lender or is an Affiliate of such Lender in respect of any assignment made pursuant to Section 2.17 (Substitution of Lenders) and Section 11.1(c) (Amendments, Waivers, Etc.)).
Commencing on the effective date specified in such Assignment and Acceptance, (i) the Eligible Assignee thereunder shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to such
assignee pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender, and if such Lender were an Issuer, of such Issuer hereunder and thereunder, (ii) the Notes (if any) corresponding to the Loans assigned thereby
shall be transferred to such assignee by notation in the Register and (iii) the assigning Lender thereunder shall, to the extent that rights and obligations under this Agreement have been assigned by it pursuant to such Assignment and
Acceptance, relinquish its rights (except for those surviving the payment in full of the Obligations) and be released from its obligations under the Loan Documents, other than those relating to events or circumstances occurring prior to such
assignment (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under the Loan Documents, such Lender shall cease to be a party hereto). 
 (c)         The Administrative Agent shall maintain at its address referred to in
Section 11.8 (Notices, Etc.) a copy of each Assignment and Acceptance delivered to and accepted by it and shall record in the Register the names and addresses of the Lenders and Issuers and the principal amount of the Loans and
Reimbursement Obligations owing to each Lender from time to time and the Commitments of each Lender. Any assignment pursuant to this Section 11.2 shall not be effective until such assignment is recorded in the Register. For so long as
any Term Loans are outstanding, the Administrative Agent shall promptly deliver to the Borrower a report following the end of each calendar month summarizing all assignments made and recorded in the Register during such month pursuant to this
Section 11.2. 
 (d)         Upon its receipt of an
Assignment and Acceptance executed by an assigning Lender and an Eligible Assignee, the Administrative Agent shall, if such Assignment and Acceptance has been completed, (i) accept such Assignment and Acceptance and (ii) record or cause to
be recorded the information contained therein in the Register. Within five Business Days after its receipt of such notice, the Borrower, at its own expense, shall, if requested by such assignee, execute and deliver to the Administrative Agent new
Notes to the order of such assignee in an amount equal to the Commitments and Loans assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has surrendered any Note for exchange in connection with the assignment and has
retained Commitments or Loans hereunder, new Notes to the order of the assigning Lender in an amount equal to the Commitments and Loans retained by it hereunder. Such new Notes shall be dated the same date as the surrendered Notes and be in
substantially the form of Exhibit B-1 (Form of Revolving Credit Note) or Exhibit B-2 (Form of Term Note), as applicable. 

 AMENDED AND RESTATED CREDIT
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 KNOLOGY, INC. 
  

 (e)         In addition to the
other assignment rights provided in this Section 11.2, each Revolving Credit Lender may do each of the following: 
 (i)         grant to a Special Purpose Vehicle the option to make all or any part of any Loan that such Lender would otherwise be required to make hereunder and the
exercise of such option by any such Special Purpose Vehicle and the making of Loans pursuant thereto shall satisfy (once and to the extent that such Loans are made) the obligation of such Lender to make such Loans thereunder; provided,
however, that (x) nothing herein shall constitute a commitment or an offer to commit by such a Special Purpose Vehicle to make Loans hereunder and no such Special Purpose Vehicle shall be liable for any indemnity or other Obligation
(other than the making of Loans for which such Special Purpose Vehicle shall have exercised an option, and then only in accordance with the relevant option agreement) and (y) such Lender’s obligations under the Loan Documents shall remain
unchanged, such Lender shall remain responsible to the other parties for the performance of its obligations under the terms of this Agreement and shall remain the holder of the Obligations for all purposes hereunder; and 
 (ii)         assign, as collateral or otherwise, any of its rights
under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to (A) without notice to or consent of the Administrative Agent or the Borrower, any Federal Reserve Bank
(pursuant to Regulation A of the Federal Reserve Board) and (B) without consent of the Administrative Agent or the Borrower, (1) any holder of, or trustee for the benefit of, the holders of such Revolving Credit Lender’s Securities
and (2) any Special Purpose Vehicle to which such Revolving Credit Lender has granted an option pursuant to clause (i) above; 
 provided, however, that no such assignment or grant shall release such Revolving Credit Lender from any of its obligations hereunder except as expressly provided in clause
(i) above and except, in the case of a subsequent foreclosure pursuant to an assignment as collateral, if such foreclosure is made in compliance with the other provisions of this Section 11.2 other than this clause
(e) or clause (f) below. Each party hereto acknowledges and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior debt of any such Special
Purpose Vehicle, such party shall not institute against, or join any other Person in instituting against, any Special Purpose Vehicle that has been granted an option pursuant to this clause (e) any bankruptcy, reorganization, insolvency
or liquidation proceeding (such agreement shall survive the payment in full of the Obligations). The terms of the designation of, or assignment to, such Special Purpose Vehicle shall not restrict such Lender’s ability to, or grant such Special
Purpose Vehicle the right to, consent to any amendment or waiver to this Agreement or any other Loan Document or to the departure by the Borrower from any provision of this Agreement or any other Loan Document without the consent of such Special
Purpose Vehicle except, as long as the Administrative Agent and the Lenders, Issuers and other Secured Parties shall continue to, and shall be entitled to continue to, deal solely and directly with such Lender in connection with such Lender’s
obligations under this Agreement, to the extent any such consent would reduce the principal amount of, or the rate of interest on, any Obligations, amend this clause (e) or postpone any scheduled date of payment of such principal or
interest. Each Special Purpose Vehicle shall be entitled to the benefits of Sections 2.15 (Capital Adequacy) and 2.16 (Taxes) and of 2.14(d) (Illegality) as if it were such Lender; provided, however, that anything
herein to the contrary notwithstanding, no Borrower shall, at any time, be obligated to make under Section 2.15 (Capital Adequacy), 2.16 (Taxes) or 2.14(d) (Illegality) to any such Special Purpose Vehicle and any such
Lender any payment in excess of the amount the Borrower would have been obligated to pay to such Lender in respect of such interest if such Special Purpose Vehicle had not been assigned the rights of such Lender hereunder; and provided,
further, that such Special Purpose Vehicle shall have no direct right to enforce any of the terms of this Agreement against the Borrower, the Administrative Agent or the other Lenders. 

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 KNOLOGY, INC. 
  

 (f)         Each Lender may sell
participations to one or more Persons in or to all or a portion of its rights and obligations under the Loan Documents (including all its rights and obligations with respect to the Term Loans, Revolving Loans and Letters of Credit). The terms of
such participation shall not, in any event, require the participant’s consent to any amendments, waivers or other modifications of any provision of any Loan Documents, the consent to any departure by any Loan Party therefrom, or to the
exercising or refraining from exercising any powers or rights such Lender may have under or in respect of the Loan Documents (including the right to enforce the obligations of the Loan Parties), except if any such amendment, waiver or other
modification or consent would (i) reduce the amount, or postpone any date fixed for, any amount (whether of principal, interest or fees) payable to such participant under the Loan Documents, to which such participant would otherwise be entitled
under such participation or (ii) result in the release of all or substantially all of the Collateral other than in accordance with Section 10.8(b) (Concerning the Collateral and the Collateral Documents). In the event of the sale of
any participation by any Lender, (w) such Lender’s obligations under the Loan Documents shall remain unchanged, (x) such Lender shall remain solely responsible to the other parties for the performance of such obligations,
(y) such Lender shall remain the holder of such Obligations for all purposes of this Agreement and (z) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement. Each participant shall be entitled to the benefits of Sections 2.15 (Capital Adequacy) and 2.16 (Taxes) and of 2.14(d) (Illegality) as if it were a Lender;
provided, however, that anything herein to the contrary notwithstanding, the Borrower shall not, at any time, be obligated to make under Section 2.15 (Capital Adequacy), 2.16 (Taxes) or 2.14(d) (Illegality) to the
participants in the rights and obligations of any Lender (together with such Lender) any payment in excess of the amount the Borrower would have been obligated to pay to such Lender in respect of such interest had such participation not been sold;
provided, further, that such participant in the rights and obligations of such Lender shall have no direct right to enforce any of the terms of this Agreement against the Borrower, the Administrative Agent or the other Lenders.

 (g)         Any Issuer may at any time assign its rights and
obligations hereunder to any other Lender by an instrument in form and substance satisfactory to the Borrower, the Administrative Agent, such Issuer and such Lender, subject to the provisions of Section 2.7(b) (Evidence of Debt) relating
to notations of transfer in the Register. If any Issuer ceases to be a Lender hereunder by virtue of any assignment made pursuant to this Section 11.2, then, as of the effective date of such cessation, such Issuer’s obligations to
Issue Letters of Credit pursuant to Section 2.4 (Letters of Credit) shall terminate and such Issuer shall be an Issuer hereunder only with respect to outstanding Letters of Credit issued prior to such date. 
 (h)         The parties to this Agreement acknowledge that the provisions of this
Section 11.2 and Section 2.7(b) concerning assignments relate only to absolute assignments and that such provisions do not prohibit pledges or assignments creating security interests in the Loans or Notes, including any such
pledge or assignment by any Lender to any Federal Reserve Bank in accordance with applicable law. 
 Section 11.3         Costs and Expenses 
 (a)         The Borrower agrees upon demand to pay, or reimburse the Administrative Agent and the Collateral Agent for, all of its respective reasonable internal and external audit, legal, appraisal,
valuation, filing, document duplication and reproduction and investigation expenses and for all other reasonable out-of-pocket costs and expenses of every type and nature (including the reasonable fees, expenses and disbursements of the
Administrative Agent’s and Collateral Agent’s counsel, Weil, Gotshal & Manges LLP, local legal counsel, auditors, accountants, appraisers, printers, insurance and environmental advisors, and other consultants and agents) incurred
by the Administrative Agent or the Collateral Agent in connection with any of the following: (i) such Agent’s audit and investigation of the Borrower and its Subsidiaries in connection with the preparation, negotiation or execution of any
Loan Document or Administrative Agent’s periodic audits of the Borrower or any of its Subsidiaries, as the case may be, (ii) the preparation, negotiation, execution or interpretation of this Agreement (including the satisfaction or
attempted satisfaction of any condition set forth in Article III (Conditions To Loans And Letters Of Credit)), any Loan Document or any proposal letter or commitment letter issued in connection therewith, or the

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 KNOLOGY, INC. 
  

 
making of the Loans hereunder, (iii) the creation, perfection or protection of the Liens under any Loan Document (including any reasonable fees, disbursements and expenses for local counsel
in various jurisdictions), (iv) the ongoing administration of this Agreement and the Loans, including consultation with attorneys in connection therewith and with respect to such Agent’s rights and responsibilities hereunder and under the
other Loan Documents, (v) the protection, collection or enforcement of any Obligation or the enforcement of any Loan Document, (vi) the commencement, defense or intervention in any court proceeding relating in any way to the Obligations,
any Loan Party, any of the Borrower’s Subsidiaries, the Acquisition, the Related Documents, this Agreement or any other Loan Document, (vii) the response to, and preparation for, any subpoena or request for document production with which
either such Agent is served or deposition or other proceeding in which such Agent is called to testify, in each case, relating in any way to the Obligations, any Loan Party, any of the Borrower’s Subsidiaries, the Acquisition, the Related
Documents, this Agreement or any other Loan Document or (viii) any amendment, consent, waiver, assignment, restatement, or supplement to any Loan Document or the preparation, negotiation and execution of the same. 
 (b)         The Borrower further agrees to pay or reimburse each Agent and each of
the Lenders and Issuers upon demand for all out-of-pocket costs and expenses, including reasonable attorneys’ fees (including allocated costs of internal counsel and costs of settlement), incurred by the such Agent, such Lenders or such Issuers
in connection with any of the following: (i) in enforcing any Loan Document or Obligation or any security therefor or exercising or enforcing any other right or remedy available by reason of an Event of Default, (ii) refinancing or
restructuring of the credit arrangements provided hereunder in the nature of a “work-out” or in any insolvency or bankruptcy proceeding, (iii) in commencing, defending or intervening in any litigation or in filing a petition,
complaint, answer, motion or other pleadings in any legal proceeding relating to the Obligations, any Loan Party, any of the Borrower’s Subsidiaries and related to or arising out of the transactions contemplated hereby or by any other Loan
Document or Related Document or (iv) in taking any other action in or with respect to any suit or proceeding (bankruptcy or otherwise) described in clause (i), (ii) or (iii) above. 
 Section 11.4         Indemnities 
 (a)         The Borrower agrees to indemnify and hold harmless the Administrative
Agent, the Collateral Agent, the Arranger, each Lender and each Issuer (including each Person obligated on a Hedging Contract that is a Loan Document if such Person was a Lender, Issuer, Agent or an Affiliate of an Agent at the time it entered into
such Hedging Contract) and each of their respective Affiliates, the directors, officers, employees, agents, trustees, shareholders, controlling persons, members, representatives, attorneys, consultants, advisors of or to any of the foregoing
(including those retained in connection with the satisfaction or attempted satisfaction of any condition set forth in Article III (Conditions To Loans And Letters Of Credit) (each such Person being an “Indemnitee”) from
and against any and all claims, damages, liabilities, obligations, losses, penalties, actions, judgments, suits, costs, disbursements and expenses, joint or several, of any kind or nature (including reasonable fees, disbursements and expenses of
financial and legal advisors to any such Indemnitee) that may be imposed on, incurred by or asserted against any such Indemnitee in connection with or arising out of any investigation, litigation or proceeding, whether or not such investigation,
litigation or proceeding is brought by the Borrower an Affiliate of the Borrower, a third party, or the Target or any of their respective Affiliates, any such Indemnitee or any of its directors, security holders or creditors or any such Indemnitee,
director, security holder or creditor is a party thereto, whether direct, indirect, or consequential and whether based on any federal, state or local law or other statutory regulation, securities or commercial law or regulation, or under common law
or in equity, or on contract, tort or otherwise, in any manner relating to or arising out of this Agreement, any other Loan Document, any Obligation, any Letter of Credit, any Disclosure Document, any Related Document, the Transactions or any act,
claim, event or transaction related or attendant to any thereof, or the use or intended use of the proceeds of the Loans or Letters of Credit or in connection with any investigation of any potential matter covered hereby (collectively, the
“Indemnified Matters”); provided, however, that the Borrower shall not have any liability under this Section 11.4 to an Indemnitee with respect to any Indemnified Matter to the extent it that has resulted
primarily from the gross negligence or willful misconduct of that Indemnitee, as determined by

 AMENDED AND RESTATED CREDIT
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 KNOLOGY, INC. 
  

 
a court of competent jurisdiction in a final non-appealable judgment or order. Without limiting the foregoing, “Indemnified Matters” include (i) all Environmental
Liabilities and Costs arising from or connected with the past, present or future operations of the Borrower or any of its Subsidiaries involving any property subject to a Collateral Document, or damage to real or personal property or natural
resources or harm or injury alleged to have resulted from any Release of Contaminants on, upon or into such property or any contiguous real estate, (ii) any costs or liabilities incurred in connection with any Remedial Action concerning the
Borrower or any of its Subsidiaries, (iii) any costs or liabilities incurred in connection with any Environmental Lien and (iv) any costs or liabilities incurred in connection with any other matter under any Environmental Law, including
the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (49 U.S.C. § 9601 et seq.) and applicable state property transfer laws, whether, with respect to any such matter, such Indemnitee is a mortgagee pursuant to
any leasehold mortgage, a mortgagee in possession, the successor in interest to the Borrower or any of its Subsidiaries, or the owner, lessee or operator of any property of the Borrower or any of its Subsidiaries by virtue of foreclosure, except,
with respect to those matters referred to in clauses (i), (ii), (iii) and (iv) above, to the extent (x) incurred following foreclosure by the Administrative Agent, the Collateral Agent, any Lender or any
Issuer, or the Administrative Agent, any Lender or any Issuer having become the successor in interest to the Borrower or any of its Subsidiaries and (y) attributable solely to acts of the Administrative Agent, the Collateral Agent, such Lender
or such Issuer or any agent on behalf of such Agent, such Lender or such Issuer. 
 (b)         The Borrower shall indemnify the Administrative Agent, the Collateral Agent, the Lenders and each Issuer for, and hold the Administrative Agent, the Collateral Agent, the Lenders and each
issuer harmless from and against, any and all claims for brokerage commissions, fees and other compensation made against the Administrative Agent, the Collateral Agent, the Lenders and the Issuers for any broker, finder or consultant with respect to
any agreement, arrangement or understanding made by or on behalf of any Loan Party or any of its Subsidiaries in connection with the transactions contemplated by this Agreement. 
 (c)         The Borrower, at the request of any Indemnitee, shall have the
obligation to defend against any investigation, litigation or proceeding or requested Remedial Action, in each case contemplated in clause (a) above, and the Borrower, in any event, may participate in the defense thereof with legal
counsel of the Borrower’s choice. In the event that such indemnitee requests the Borrower to defend against such investigation, litigation or proceeding or requested Remedial Action, the Borrower shall promptly do so and such Indemnitee shall
have the right to have legal counsel of its choice participate in such defense. No action taken by legal counsel chosen by such Indemnitee in defending against any such investigation, litigation or proceeding or requested Remedial Action, shall
vitiate or in any way impair the Borrower’s obligation and duty hereunder to indemnify and hold harmless such Indemnitee. 
 (d)         The Borrower agrees that any indemnification or other protection provided to any Indemnitee pursuant to the Existing First Lien Credit Agreement
(including pursuant to Section 11.4 thereof) or any other Loan Document (as defined in the Existing Credit Agreement and each an “Existing First Lien Loan Document”) shall survive the effectiveness of this Agreement and
any indemnification or other protection provided to any Indemnitee pursuant to the Existing First Lien Credit Agreement, any other Existing First Lien Loan Document, this Agreement (including pursuant to this Section 11.4) or any other
Loan Document shall (i) survive payment in full of the Obligations and (ii) inure to the benefit of any Person that was at any time an Indemnitee under the Existing First Lien Credit Agreement, any other Existing First Lien Loan Document,
this Agreement or any other Loan Document. 
 (e)        
Notwithstanding the foregoing Section 11.4, an Indemnitee shall effect no settlement or any claims or proceeding for which indemnification is sought without the prior written consent of the Borrower (such consent shall not be unreasonably
withheld or delayed). 

 AMENDED AND RESTATED CREDIT
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 KNOLOGY, INC. 
  

 (f)         In connection with
any Indemnified Matters or any other claim or proceeding (or group of dated claims or proceedings) subject to the foregoing Section 11.4, the Borrower shall not be required to reimburse the Administrative Agent and the Lenders for the expenses
of more than one counsel for the Administrative Agent and one counsel for the Lenders (in each case, in addition to the expenses of any appropriate local and special counsel). 
 Section 11.5         Limitation of Liability 
 (a)         The Borrower agrees that no Indemnitee shall have any liability (whether in contract, tort or otherwise) to any Loan Party or any
of their respective Subsidiaries or any of their respective equity holders or creditors for or in connection with the Transactions, except to the extent such liability is determined in a final non-appealable judgment by a court of competent
jurisdiction to have resulted primarily from such Indemnitee’s gross negligence or willful misconduct. In no event, however, shall any Indemnitee be liable on any theory of liability for any special, indirect, consequential or punitive damages
(including any loss of profits, business or anticipated savings) in connection with the Transactions. The Borrower hereby waives, releases and agrees (each for itself and on behalf of its Subsidiaries) not to sue upon any such claim for any special,
indirect, consequential or punitive damages, whether or not accrued and whether or not known or suspected to exist in its favor. 
 (b)         IN NO EVENT SHALL ANY AGENT AFFILIATE HAVE ANY LIABILITY TO ANY LOAN PARTY, LENDER, ISSUER OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, INCLUDING DIRECT
OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT OR CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY OR ANY AGENT AFFILIATE’S TRANSMISSION OF APPROVED ELECTRONIC COMMUNICATIONS THROUGH THE
INTERNET OR ANY USE OF THE APPROVED ELECTRONIC PLATFORM, EXCEPT TO THE EXTENT SUCH LIABILITY OF ANY AGENT AFFILIATE IS FOUND IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH AGENT
AFFILIATE’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 Section
11.6         Right of Set-off 
 Upon the occurrence and during
the continuance of any Event of Default each Lender and each Affiliate of a Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final) at any time held and other Indebtedness at any time owing by such Lender or its Affiliates to or for the credit or the account of the Borrower against any and all of the Obligations now or hereafter existing whether or
not such Lender shall have made any demand under this Agreement or any other Loan Document and even though such Obligations may be unmatured. Each Lender agrees promptly to notify the Borrower after any such set-off and application made by such
Lender or its Affiliates; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Lender under this Section 11.6 are in addition to the other
rights and remedies (including other rights of set-off) that such Lender may have. 
 Section
11.7         Sharing of Payments, Etc. 
 (a)         If any Lender (directly or through an Affiliate thereof) obtains any payment (whether voluntary, involuntary, through the exercise of any right of set-off (including pursuant to
Section 11.6 (Right of Set-off) or otherwise) of the Loans owing to it, any interest thereon, fees in respect thereof or amounts due pursuant to Section 11.3 (Costs and Expenses) or 11.4 (Indemnities) (other than
payments pursuant to Section 2.14 (Special Provisions Governing Eurodollar Rate Loans), 2.15 (Capital Adequacy) or 2.16 (Taxes) or otherwise receives any Collateral or any “Proceeds” (as defined in the
Pledge and Security Agreement) of Collateral (other than payments pursuant to Section 2.14 (Special Provisions Governing Eurodollar Rate Loans), 2.15 (Capital Adequacy) or 2.16 (Taxes) (in each case, whether voluntary,
involuntary, through the exercise of any right of set-off or otherwise (including pursuant to Section 11.6 (Right of Set-off))) in excess of its Ratable Portion of all payments of such Obligations

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 KNOLOGY, INC. 
  

 
obtained by all the Lenders, such Lender (a “Purchasing Lender”) shall forthwith purchase from the other Lenders (each, a “Selling Lender”) such participations
in their Loans or other Obligations as shall be necessary to cause such Purchasing Lender to share the excess payment ratably with each of them. 
 (b)         If all or any portion of any payment received by a Purchasing Lender is thereafter recovered from such Purchasing Lender, such purchase from each
Selling Lender shall be rescinded and such Selling Lender shall repay to the Purchasing Lender the purchase price to the extent of such recovery together with an amount equal to such Selling Lender’s ratable share (according to the proportion
of (i) the amount of such Selling Lender’s required repayment in relation to (ii) the total amount so recovered from the Purchasing Lender) of any interest or other amount paid or payable by the Purchasing Lender in respect of the
total amount so recovered. 
 (c)         The Borrower agrees that any
Purchasing Lender so purchasing a participation from a Selling Lender pursuant to this Section 11.7 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such
participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation. 
 Section 11.8         Notices, Etc. 
 (a)         Addresses for Notices. All notices, demands, requests, consents and other communications provided for in this Agreement shall be given in writing, or by any telecommunication device
capable of creating a written record, and addressed to the party to be notified as follows: 
 (i)         if to the Borrower: 
 Knology,
Inc. 
 1241 O.G. Skinner Driver 
 West Point, GA 31833 
 Attention: Todd Holt 
 Telecopy no: 
 E-Mail Address: 
 with a
copy to: 
 Alston & Bird LLP 
 1201 West Peachtree Street 
 Atlanta, Georgia 30309 
 Attention: Richard W. Grice 
 Telecopy no: 404 881 4777 
 E-Mail Address: rgrice@alston.com 
 (ii)         if to any Lender, at its Domestic Lending Office
specified opposite its name on Schedule II (Applicable Lending Offices and Addresses for Notices) or on the signature page of any applicable Assignment and Acceptance; 
 (iii)         if to any Issuer, at the address set forth under its
name on Schedule II (Applicable Lending Offices and Addresses for Notices); and 

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 KNOLOGY, INC. 
  

 (iv)         if
to the Administrative Agent, Collateral Agent or the Swing Loan Lender: 
 Credit Suisse

 Eleven Madison Avenue 
 New York, New York 10010 
 Attention: Agency Loan Administration 
 Telecopy no: 212 325 8304 
 with a copy to: 
 Weil, Gotshal & Manges LLP 
 767 Fifth Avenue, 
 New York, New York 10153-0119 
 Attention: Daniel S. Dokos 
 Telecopy no: (212) 310-8007 
 E-Mail Address: daniel.dokos@weil.com 
 or at such other address as shall be notified in writing (x) in the case of the Borrower, the Administrative Agent, the Collateral Agent and the Swing Loan Lender, to the other
parties and (y) in the case of all other parties, to the Borrower, the Administrative Agent and the Collateral Agent. 
 (b)         Effectiveness of Notices. All notices, demands, requests, consents and other communications described in clause (a) above shall be
effective (i) if delivered by hand, including any overnight courier service, upon personal delivery, (ii) if delivered by posting to an Approved Electronic Platform (to the extent permitted by Section 10.3 (Posting of Approved
Electronic Communications) to be delivered thereunder), an Internet website or a similar telecommunication device requiring a user prior access to such Approved Electronic Platform, website or other device (to the extent permitted by
Section 10.3 (Posting of Approved Electronic Communications) to be delivered thereunder), when such notice, demand, request, consent and other communication shall have been made generally available on such Approved Electronic Platform,
Internet website or similar device to the class of Person being notified (regardless of whether any such Person must accomplish, and whether or not any such Person shall have accomplished, any action prior to obtaining access to such items,
including registration, disclosure of contact information, compliance with a standard user agreement or undertaking a duty of confidentiality) and such Person has been notified that such communication has been posted to the Approved Electronic
Platform, (iii) if approved in advance by the Administrative Agent, if delivered by electronic mail, when transmitted to an electronic mail address (or by another means of electronic delivery) as provided in clause (a) above; and
(iv) if delivered by telecopy, when transmitted as provided in clause (a) above; provided, however, that notices and communications to the Administrative Agent pursuant to Article II (The Facilities) or
Article X (The Administrative Agent) (A) shall not be effective until received by the Administrative Agent and (B) if given by telephone, shall not be effective unless confirmed in writing (including by telecopy) on the next
Business Day. 
 (c)         Use of Electronic Platform.
Notwithstanding clause (a) and (b) above (unless the Administrative Agent requests that the provisions of clause (a) and (b) above be followed) and any other provision in this Agreement or any other Loan Document providing for
the delivery of, any Approved Electronic Communication by any other means, the Loan Parties shall deliver all Approved Electronic Communications to the Administrative Agent by properly transmitting such Approved Electronic Communications (in a
format acceptable to the Administrative Agent) to such electronic mail address (or similar means of electronic delivery) as the Administrative Agent may notify the Borrower. Nothing in this clause (c) shall prejudice the right of the
Administrative Agent or any Lender or Issuer to deliver any Approved Electronic Communication to any Loan Party in any manner authorized in this Agreement or to request that the Borrower effect delivery in such manner. 
 Section 11.9         No Waiver; Remedies 
 No failure on the part of any Lender, Issuer or the Administrative Agent to exercise, and no delay in exercising, any right
hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive
of any remedies provided by law. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 Section 11.10        
Binding Effect 
 This Agreement shall become effective when it shall have been executed by the Borrower
and the Administrative Agent and when the Administrative Agent shall have been notified by each Lender and Issuer that such Lender or Issuer has executed it and, thereafter, shall be binding upon and inure to the benefit of the Borrower, the
Administrative Agent and each Lender and Issuer and, in each case, their respective successors and assigns; provided, however, that the Borrower shall not have the right to assign its rights hereunder or any interest herein without the
prior written consent of the Lenders. 
 Section 11.11        
Governing Law 
 This Agreement and the rights and obligations of the parties hereto shall be governed
by, and construed and interpreted in accordance with, the laws of the State of New York. 
 Section
11.12         Submission to Jurisdiction; Service of Process 
 (a)         Any legal action or proceeding with respect to this Agreement or any other Loan Document may be brought in the courts of the State of New York located in the City of New York or of the
United States of America for the Southern District of New York, and, by execution and delivery of this Agreement, the Borrower hereby accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid
courts. The parties hereto hereby irrevocably waive any objection, including any objection to the laying of venue or based on the grounds of forum non conveniens, that any of them may now or hereafter have to the bringing of any such action
or proceeding in such respective jurisdictions. 
 (b)         Nothing
contained in this Section 11.12 shall affect the right of the Administrative Agent or any Lender to serve process in any other manner permitted by law or commence legal proceedings or otherwise proceed against the Borrower or any other
Loan Party in any other jurisdiction. 
 (c)         If for the purposes
of obtaining judgment in any court it is necessary to convert a sum due hereunder in Dollars into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at
which in accordance with normal banking procedures the Administrative Agent could purchase Dollars with such other currency at the spot rate of exchange quoted by the Administrative Agent at 11:00 a.m. (New York time) on the Business Day preceding
that on which final judgment is given, for the purchase of Dollars, for delivery two Business Days thereafter. 
 Section 11.13         Waiver of Jury Trial 
 EACH OF THE ADMINISTRATIVE AGENT, THE LENDERS, THE ISSUERS AND THE
BORROWER IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING
WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT. 
 Section 11.14         Marshaling; Payments Set Aside 
 None of the Administrative Agent, any Lender or any Issuer shall be under any obligation to marshal any assets in favor of
the Borrower or any other party or against or in payment of any or all of the Obligations. To the extent that the Borrower makes a payment or payments to the Administrative Agent, the Lenders or the Issuers or any such Person receives payment from
the proceeds of the Collateral or exercise its right of setoff, and such payment or payments or the proceeds of such enforcement or setoff

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party, then to the extent of
such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, right and remedies therefor, shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff
had not occurred. 
 Section 11.15         Section Titles

 The section titles contained in this Agreement are and shall be without substantive meaning or content of any
kind whatsoever and are not a part of the agreement between the parties hereto, except when used to reference a section. Any reference to the number of a clause, sub-clause or subsection hereof immediately followed by a reference in parenthesis to
the title of the Section containing such clause, sub-clause or subsection is a reference to such clause, sub-clause or subsection and not to the entire Section; provided, however, that, in case of direct conflict between the reference
to the title and the reference to the number of such Section, the reference to the title shall govern absent manifest error. If any reference to the number of a Section (but not to any clause, sub-clause or subsection thereof) is followed
immediately by a reference in parenthesis to the title of a Section, the title reference shall govern in case of direct conflict absent manifest error. 
 Section 11.16         Execution in Counterparts 
 This Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are attached to the same document. Delivery of an executed
signature page of this Agreement by facsimile transmission, electronic mail or by posting on the Approved Electronic Platform shall be as effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed
by all parties shall be lodged with the Borrower and the Administrative Agent. 
 Section
11.17         Entire Agreement 
 This Agreement, together with
all of the other Loan Documents and all certificates and documents delivered hereunder or thereunder, embodies the entire agreement of the parties and supersedes all prior agreements and understandings relating to the subject matter hereof. In the
event of any conflict between the terms of this Agreement and any other Loan Document, the terms of this Agreement shall govern. 
 Section 11.18         Confidentiality 
 Each Lender and the Administrative Agent agree to use all reasonable efforts to keep information obtained by it pursuant hereto and the other Loan Documents confidential in accordance with such
Lender’s or the Administrative Agent’s, as the case may be, customary practices and agrees that it shall only use such information in connection with the transactions contemplated by this Agreement and not disclose any such information
other than (a) to such Lender’s or the Administrative Agent’s, as the case may be, employees, representatives, advisors, attorneys, and agents that are or are expected to be involved in the evaluation of such information in connection
with the transactions contemplated by this Agreement and are advised of the confidential nature of such information, (b) to the extent such information presently is or hereafter becomes available to such Lender or the Administrative Agent, as
the case may be, on a non-confidential basis from a source other than the Borrower or any other Loan Party, (c) to the extent disclosure is required by law, regulation or judicial order or requested or required by bank regulators or auditors or
(d) to current or prospective pledgees, assignees, participants and Special Purpose Vehicle grantees of any option described in Section 11.2(f) (Assignments and Participations), contractual counterparties in any Hedging Contract
permitted hereunder and to their respective legal or financial

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 
advisors, in each case and to the extent such pledgees, assignees, participants, grantees or counterparties agree to be bound by, and to cause their advisors to comply with, the provisions of
this Section 11.18. Notwithstanding any other provision in this Agreement, the Administrative Agent hereby agrees that the Borrower (and each of its officers, directors, employees, accountants, attorneys and other advisors) may disclose
to any and all persons of any kind, the U.S. tax treatment and U.S. tax structure of the Facilities and the transactions contemplated hereby and all materials of any kind (including opinions and other tax analyses) that are provided to it relating
to such U.S. tax treatment and U.S. tax structure. 
 Section
11.19         Amendment and Restatement; Binding Effect 
 (a)         This Agreement shall become effective when it shall have been executed by the Borrower and the Administrative Agent, the Loan Parties have executed and delivered the Collateral Documents
and when the Administrative Agent shall have been notified by each Lender and Issuer that such Lender or Issuer has executed a Lender Consent and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and
each Lender and Issuer and, in each case, their respective successors and assigns; provided, however, that the Borrower shall not have the right to assign its respective rights hereunder or any interest herein without the prior written
consent of the Lenders. 
 (b)         On the Original Effective Date,
the Existing First Lien Credit Agreement shall be amended and restated in its entirety by this Agreement, and the Existing First Lien Credit Agreement shall thereafter be of no further force and effect, except to evidence (i) the incurrence by
the Borrower of the “Obligations” under and as defined in the Existing First Lien Credit Agreement (whether or not such “Obligations” are contingent as of the Original Effective Date), (ii) the
representations and warranties made by the Borrower prior to the Original Effective Date and (iii) any action or omission performed or required to be performed pursuant to such Existing First Lien Credit Agreement prior to the Original
Effective Date (including any failure, prior to the Original Effective Date, to comply with the covenants contained in such Existing First Lien Credit Agreement). The amendments and restatements set forth herein (including deletion of financial
covenants applicable to previous periods) shall not cure any breach thereof or any “Default” or “Event of Default” under and as defined in the Existing First Lien Credit Agreement existing prior to the
Original Effective Date. This Agreement is not in any way intended to constitute a novation of the obligations and liabilities existing under the Existing First Lien Credit Agreement or evidence payment of all or any portion of such obligations and
liabilities. 
 (c)         The terms and conditions of this Agreement
and the Administrative Agent’, the Lenders’ and the Issuers’ rights and remedies under this Agreement and the other Loan Documents shall apply to all of the “Obligations” incurred under the Existing First Lien Credit
Agreement and the Notes issued thereunder. 
 (d)         On and after
the Original Effective Date, (i) all references to the Existing First Lien Credit Agreement (or to any amendment or any amendment and restatement thereof) in the Loan Documents (other than this Agreement) shall be deemed to refer to the
Existing First Lien Credit Agreement, as amended and restated hereby, (ii) all references to any Article, Section or sub-clause of the Existing First Lien Credit Agreement or in any Loan Document (but not herein) shall be amended to become,
mutatis mutandis, references to the corresponding provisions of this Agreement and (iii) except as the context otherwise provides, on or after the Original Effective Date, all references to this Agreement herein (including for purposes
of indemnification and reimbursement of fees) shall be deemed to be reference to the Existing First Lien Credit Agreement, as amended and restated hereby. 
 (e)         This amendment and restatement is limited as written and is not a consent to any other amendment, restatement or waiver, whether or not similar and,
except as expressly provided herein or in any other Loan Document, all terms and conditions of the Loan Documents remain in full force and effect unless otherwise specifically amended hereby or any other Loan Document. 

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

 (f)         In the event that
the Original Effective Date has not occurred on or prior to September 14, 2007, this Agreement shall cease to be of any force and effect. 
 Section 11.20         PATRIOT Act Notification. 
 Each Lender and Issuer hereby notifies the Borrower that, pursuant to the requirements of the USA PATRIOT Act, Title III of Pub. L. 107-56 (signed into law October 26, 2001)
(the “PATRIOT Act”), each Lender and Issuer is required to obtain, verify and record information that identifies the Borrower, which information includes the name, address, tax identification number and other information regarding
the Borrower that will allow such Lender or Issuer to identify the Borrower in accordance with the PATRIOT Act. This notice is given in accordance with the requirements of the PATRIOT Act and is effective as to each Lender and Issuer. 

 EXHIBIT B 
 SCHEDULE I (COMMITMENTS) 
  

			
	 	 
	 LENDER

  
	  	 REVOLVING LOAN
COMMITMENT
  

	 	 
	Credit Suisse, Cayman Islands Branch	  	$6,000,000
	 	 
	CIT Lending Services Corporation	  	$5,000,000
	 	 
	CoBank, ACB	  	$1,500,000
	 	 
	Jefferies Finance CP Funding LLC	  	$2,500,000
	 	 
	Raymond James Bank, FSB	  	$5,000,000
	 	 
	Royal Bank of Canada	  	$5,000,000
	 	 
	SunTrust Bank	  	$10,000,000
	 	 
	TOTAL	  	$35,000,000

 EXHIBIT C 
 SCHEDULE II (APPLICABLE LENDING OFFICES AND ADDRESSES FOR NOTICES) 
  

					
	LENDER	  	DOMESTIC LENDING OFFICE	  	EURODOLLAR LENDING
OFFICE
	 	 	 
	Credit Suisse, Cayman Islands Branch	  	 11 Madison Avenue OMA2
 New
York, NY 10010
 Attn: Agency Loan Administration
 Fax: (212) 325-8304
	  	 11 Madison Avenue OMA2
 New York, NY 10010
 Attn: Agency Loan Administration

 Fax: (212) 325-8304

	 	 	 
	CIT Lending Services Corporation	  	 1 CIT Drive
 Livingston, NJ
07039
 Attn: Communications, Media &
 Entertainment Group Portfolio Manager
 Fax: (973) 647-1410
  
 copy to:
 1 CIT Drive
 Livingston, NJ 07039
 Attn: Legal Department: Legal Counsel, Communications, Media &
 Entertainment Group

Fax: (973)-647-1411
  
 CIT Lending Services Corporation
 11 West 42nd Street, 13th Floor
 New York, NY 10036
 Attn: Operations
 Fax: (212) 461-7855
	  	 1 CIT Drive
 Livingston, NJ 07039
 Attn: Communications, Media &
 Entertainment Group Portfolio Manager
 Fax: (973)
647-1410
  
 copy to:
 1 CIT Drive
 Livingston, NJ 07039
 Attn: Legal Department: Legal Counsel, Communications, Media &
 Entertainment Group
 Fax: (973)-647-1411
  
 CIT Lending Services Corporation
 11 West 42nd Street, 13th Floor
 New York, NY 10036

 Attn: Operations
 Fax: (212) 461-7855

	 	 	 
	CoBank, ACB	  	 Loan Administration
 5500 South
Quebec St.
 Greenwood Village, CO 80111
 Fax: 303-740-4002
	  	 Loan Administration
 5500 South Quebec St.
 Greenwood Village, CO 80111

 Fax: 303-740-4002

	 	 	 
	Jefferies Finance CP Funding LLC	  	 520 Madison Avenue
 New York,
NY 10022
 Attention: Loan Administration
 Fax: (212) 284-3444
	  	 520 Madison Avenue
 New York, NY 10022
 Attention: Loan Administration

 Fax: (212) 284-3444

	 	 	 
	Raymond James Bank, FSB	  	 710 Carillon Parkway
 St. Petersburg, FL 33716
 Attn: Loan Operations Administrator
 Fax: (727) 567-8519
  
	  	 710 Carillon Parkway
 St. Petersburg, FL 33716
 Attn: Loan Operations
Administrator
 Fax: (727) 567-8519

					
	LENDER	  	DOMESTIC LENDING OFFICE	  	EURODOLLAR LENDING
OFFICE
	 	 	 
	Royal Bank of Canada	  	 One Liberty Plaza
 4th Floor

 New York, NY 10006
 Attn: Manager

 Loans Administration
 Fax: (212)
428-2372
	  	 One Liberty Plaza
 4th Floor
 New York, NY 10006
 Attn: Manager
 Loans Administration
 Fax: (212) 428-2372

	 	 	 
	SunTrust Bank	  	 303 Peachtree Street
 10th Floor
 Atlanta, Georgia 30308
 Attn: Corporate Operations
 Fax: (404) 588-4456
	  	 303 Peachtree Street
 10th Floor
 Atlanta, Georgia 30308
 Attn: Corporate Operations
 Fax: (404)
588-4456
  

 EXHIBIT D 
 SCHEDULE 4.3 (OWNERSHIP OF SUBSIDIARIES) 
  

									
	Subsdiary	  	Jurisdiction of
Organization	  	Shares of Stock
Authorized	  	Shares of Stock Issued
and Outstanding	  	% Ownership
	Knology Broadband, Inc.	  	Delaware	  	100 (Common Stock)	  	100 (Common Stock)	  	100% by Borrower
	 	 	 	 	 
	Knology of Central Florida, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Provider Solutions Group, Inc.
	 	 	 	 	 
	Knology Provider Solutions Group, Inc.	  	Delaware	  	10,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Broadband, Inc.
	 	 	 	 	 
	Knology of Alabama, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Broadband, Inc.
	 	 	 	 	 
	Knology of Augusta, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Broadband, Inc.
	 	 	 	 	 
	Knology of Charleston, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Broadband, Inc.
	 	 	 	 	 
	Knology of Columbus, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Broadband, Inc.
	 	 	 	 	 
	Knology of Florida, LLC.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Central Florida , Inc.
	 	 	 	 	 
	Knology of Georgia, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Broadband, Inc.
	 	 	 	 	 
	Knology of Huntsville, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Broadband, Inc.
	 	 	 	 	 
	Knology of Kentucky, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Borrower
	 	 	 	 	 
	Knology of Knoxville, Inc	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Borrower
	 	 	 	 	 
	Knology of Montgomery, Inc.	  	Alabama	  	 200,000 (Common Stock)
 1,000 (Preferred Stock)
	  	1,000 (Common Stock) 197 (Preferred Stock)	  	100% by Knology Broadband, Inc.
	 	 	 	 	 
	Knology of Nashville, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Borrower
	 	 	 	 	 
	Knology of South Carolina, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Broadband, Inc.
	 	 	 	 	 
	Knology of Tennessee, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology Broadband, Inc.
	 	 	 	 	 
	Globe Telecommunications, Inc.	  	Georgia	  	100,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Borrower
	 	 	 	 	 
	ITC Globe, Inc.	  	Delaware	  	10,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Globe Telecommunications, Inc.

 AMENDED AND RESTATED CREDIT
AGREEMENT 
 KNOLOGY, INC. 
  

									
	Subsdiary	  	Jurisdiction of
Organization	  	Shares of Stock
Authorized	  	Shares of Stock Issued
and Outstanding	  	% Ownership
	Knology of the Valley, Inc.	  	Georgia	  	1,000 (Common Stock)	  	530 (Common Stock)	  	100% by Borrower
	Valley Telephone Co., LLC	  	Alabama	  	N/A (Membership Interest)	  	N/A	  	100% by Borrower
	Knology of South Dakota, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Borrower
	Knology of the Plains, Inc.	  	South Dakota	  	 50,000 shares of Class A voting common stock
 50,000 shares of Class B non-voting preferred stock
	  	9,303 (Common Stock)	  	100% by Knology of South Dakota, Inc.
	Knology Community Telephone, Inc.	  	South Dakota	  	2000 (Common Stock)	  	1,000 (Common Stock)	  	100% by Knology of South Dakota, Inc.
	Knology of the Black Hills, LLC	  	South Dakota	  	N/A	  	41 Membership Units	  	100% by Black Hills Fiber Systems, Inc.
	Black Hills Fiber Systems, Inc.	  	South Dakota	  	500,000 (Common Stock)	  	11,000 (Common Stock)	  	100% by Knology of South Dakota, Inc.
	Knology Condominium Association, Inc.	  	South Dakota	  	N/A	  	3 Membership Units	  	 Knology of South Dakota, Inc. (as owner of Unit
1)
 Henry Carlson, Jr., (as owner of Unit 2)

	BHFC Publishing, LLC	  	Delaware	  	N/A	  	N/A	  	Sole member is Black Hills Fiber Systems, Inc.
	Knology Total Communications, Inc	  	Alabama	  	1,000,000 (Common stock)	  	45 (Common stock)	  	Knology of Alabama, Inc.
	Knology of the Wiregrass, Inc.	  	Alabama	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	Knology Total Communications, Inc.
	Wiregrass Telcom, Inc.	  	Alabama	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	Knology Total Communications, Inc.
	Communications One, Inc	  	Alabama	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	Knology Total Communications, Inc.
	 	 	 	 	 
	West Georgia Broadband, Inc.	  	Delaware	  	1,000 (Common Stock)	  	1,000 (Common Stock)	  	Knology Broadband, Inc.

 EXHIBIT E 
 EXHIBIT A (FORM OF ASSIGNMENT AND ACCEPTANCE) 
 ASSIGNMENT AND ACCEPTANCE dated as of _________ __, ____ between [NAME OF ASSIGNOR] (the “Assignor”) and [NAME
OF ASSIGNEE] (the “Assignee”). 
 Reference is made to the
Amended and Restated Credit Agreement, dated as of March 14, 2007 as amended as of January 4, 2008 and as amended and restated September [•], 2009 (as the same may be amended, restated, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among Knology, Inc., a Delaware corporation (the “Borrower”), the Lenders and Issuers party thereto, Credit Suisse, acting through one or more of its branches (“CS”),
as Administrative Agent and Collateral Agent for the Lenders and Issuers, Jefferies & Company, Inc., as syndication agent and Royal Bank of Canada and CIT Lending Services Corporation, as co-documentation agents. Capitalized terms used
herein and not otherwise defined herein are used herein as defined in the Credit Agreement. 
 The Assignor and
the Assignee hereby agree as follows: 
  

	1.	 As of the Assignment Effective Date (as defined below), the Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and
assumes from the Assignor, all of the Assignor’s rights and obligations under the Credit Agreement to the extent related to the amounts and percentages specified on Section 1 of Schedule I hereto.

  

	2.	 The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the interest being assigned by it hereunder and
that such interest is free and clear of any adverse claim and (ii) it has full power and authority, and has taken all actions necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated
hereby; (b) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document or any other instrument or
document furnished pursuant thereto or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other Loan Document, any other instrument or document furnished pursuant thereto or any
collateral thereunder; (c) makes no representation or warranty and assumes no responsibility with respect to the financial condition of [the Borrower][and any Loan Party] or the performance or observance by [the Borrower][and any Loan Party] of
any of its obligations under the Credit Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto; and (d) attaches the Note(s), if any, held by the Assignor and requests that the Administrative Agent
exchange such Note(s) for [a] new Note(s) in accordance with Section 11.2(e)(Assignments and Participations) of the Credit Agreement. 

  

	3.	 The Assignee (a) agrees that it will, independently and without reliance upon the Administrative Agent, the Assignor or any other Lender and
based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, (b) appoints and authorizes the Administrative Agent to take
such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto,
(c) agrees that it will perform in accordance with their terms all of the obligations that, by the terms of the Credit Agreement, are required to be performed by it as a Lender, (d) represents and warrants that it (i) is an Eligible
Assignee and (ii) has full power and authority, and has taken all actions necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby, (e) confirms it has received such documents
and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance, (f) specifies as its Domestic Lending Office (and address for notices) and Eurodollar Lending Office the
offices set forth beneath its name on the signature pages hereof and (g) attaches two properly completed Forms W-8BEN and W-8ECI or successor or form prescribed by the Internal Revenue Service of the United States,

  

 A-3 

	 	 
certifying that such Assignee is entitled to receive all payments under the Credit Agreement and the Notes payable to it without deduction or withholding of any United States federal income
taxes. 

  

	4.	 Following the execution of this Assignment and Acceptance by the Assignor and the Assignee, it will be delivered to the Administrative Agent
(together with an assignment fee in the amount of $3,500 payable by the Assignee to the Administrative Agent if required pursuant to Section 11.2(b)(Assignments and Participations)) for acceptance and recording by the Administrative
Agent. The effective date of this Assignment and Acceptance shall be the effective date specified in Section 2 of Schedule I hereto (the “Assignment Effective Date”). 

  

	5.	 Upon such acceptance and recording by the Administrative Agent, then, as of the Assignment Effective Date, (a) the Assignee shall be a party to
the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations under the Credit Agreement of a Lender and, if such Lender were an Issuer, of such Issuer and (b) the Assignor shall, to the
extent provided in this Assignment and Acceptance, relinquish its rights (except those surviving the payment in full of the Obligations) and be released from its obligations under the Loan Documents other than those relating to events or
circumstances occurring prior to the Assignment Effective Date. 

  

	6.	 Upon such acceptance and recording by the Administrative Agent, from and after the Assignment Effective Date, the Administrative Agent shall make
all payments under the Loan Documents in respect of the interest assigned hereby (a) to the Assignee, in the case of amounts accrued with respect to any period on or after the Assignment Effective Date, and (b) to the Assignor, in the case
of amounts accrued with respect to any period prior to the Assignment Effective Date. 

  

	7.	 This Assignment and Acceptance shall be governed by, and be construed and interpreted in accordance with, the law of the State of New York.

  

	8.	 This Assignment and Acceptance may be executed in any number of counterparts and by different parties on separate counterparts, each of which when
so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of this Assignment and Acceptance by telecopier shall be effective as delivery of a
manually executed counterpart of this Assignment and Acceptance. Delivery of an executed counterpart hereof by telecopy shall be effective as delivery of a manually executed counterpart. 

 [SIGNATURE PAGES FOLLOW] 
  

 A-4 

 IN WITNESS WHEREOF, the parties
hereto have caused this Assignment and Acceptance to be executed by their respective officers thereunto duly authorized, as of the date first above written. 
  

					
	 [NAME OF ASSIGNOR], 
 as Assignor

			
		 	 By:
	 	  

		 		 	 Name:

		 		 	 Title:

		 	 [NAME OF ASSIGNEE] 
     as Assignee

			
		 	 By:
	 	  

		 		 	 Name:

		 		 	 Title:

		
		 	Domestic Lending Office (and address for notices):
	
	[Insert Address (including contact name, fax number and e-mail address)]
		
		 	Eurodollar Lending Office:
	
	[Insert Address (including contact name, fax number and e-mail address)]

  

 [SIGNATURE PAGE FOR ASSIGNMENT
AND ACCEPTANCE] 

			
	 ACCEPTED AND AGREED this __ day of ______ _____:
  
 CREDIT SUISSE, 
 acting through one or more of its branches, as Administrative Agent

		
	By:	 	  

		 	Name:
		 	Title:

  

 [SIGNATURE PAGE FOR ASSIGNMENT
AND ACCEPTANCE] 

 SCHEDULE I 
 TO 
 ASSIGNMENT
AND ACCEPTANCE 
 SECTION 1. 
  

			
	 	 
	 Ratable Portion assigned to
Assignee:
  
	  	 
	 Revolving
Credit Facility
	  	 _____________%

	 	 
	 Term
Loan Facility
  
	  	 _____________%

	 	 
	 Revolving Credit Commitment assigned to Assignee:
  
	  	 $____________

	 	 
	 Aggregate Outstanding Principal Amount of Revolving Loans Assigned to Assignee:
  
	  	 $____________

	 	 
	 Aggregate Outstanding Principal Amount of Initial Term Loans Assigned to Assignee:
  
	  	 $____________

	 	 
	 Aggregate Outstanding Principal Amount of Incremental Term Loans Assigned to Assignee:
  
	  	 $____________

	 	 
	 Aggregate Outstanding Principal Amount of Extended Term Loans Assigned to Assignee:
  
	  	 $____________

	 	 
	 SECTION 2.

 
	  	 
	 	 
	 Assignment Effective Date:
  
	  	 _________, ____

  

 [SIGNATURE PAGE FOR ASSIGNMENT
AND ACCEPTANCE] 

 EXHIBIT F 
 EXHIBIT B-2 (FORM OF TERM NOTE) 
  

			
	 Lender: [NAME OF LENDER]
	  	New York, New York
	 Principal Amount: [$
                    ]
	  	_____________, ____

 FOR VALUE RECEIVED, the
undersigned, Knology, Inc., a Delaware corporation (the “Borrower”), hereby promises to pay to the order of the Lender set forth above (the “Lender”) the Principal Amount set forth above, or, if less, the aggregate
unpaid principal amount of the [Initial Term Loan] [Incremental Term Loan] [Extended Term Loan] (as defined in the Credit Agreement referred to below) of the Lender to the Borrower, payable at such times, and in such amounts, as are specified in the
Credit Agreement (as defined below). 
 The Borrower promises to pay interest on the unpaid principal amount of
such [Initial Term Loan] [Incremental Term Loan] [Extended Term Loan] from the date made until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 
 Both principal and interest are payable in Dollars to Credit Suisse, acting through one or more of its branches
(“CS”), as Administrative Agent and Collateral Agent, at Eleven Madison Avenue, New York, New York 10010, in immediately available funds. 
 This Note is one of the Term Loan Notes referred to in, and is entitled to the benefits of, the Amended and Restated Credit Agreement, dated as of March 14, 2007 as amended as of January 4, 2008
and as amended and restated September [•], 2009 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders and Issuers party thereto,
Credit Suisse, acting through one or more of its branches, as Administrative Agent and Collateral Agent for the Lenders and Issuers, Jefferies & Company, Inc., as syndication agent and Royal Bank of Canada and CIT Lending Services
Corporation, as co-documentation agents. Capitalized terms used herein and not defined herein are used herein as defined in the Credit Agreement. 
 The Credit Agreement, among other things, (a) provides for the making of an [Initial Term Loan] [Incremental Term Loan] [Extended Term Loan] by the Lender to the Borrower in an aggregate amount not
to exceed at any time the outstanding Principal Amount set forth above and the indebtedness of the Borrower resulting from such [Initial Term Loan] [Incremental Term Loan] [Extended Term Loan] being evidenced by this Note and (b) contains
provisions for acceleration of the maturity of the unpaid principal amount of this Note upon the happening of certain stated events and also for prepayments on account of the principal hereof prior to the maturity hereof upon the terms and
conditions therein specified. 
 This Note is entitled to the benefits of the Guaranty and is secured as
provided in the Collateral Documents. 
 Demand, diligence, presentment, protest and notice of non-payment and
protest are hereby waived by the Borrower. 
 This Note shall be governed by, and construed and interpreted in
accordance with, the law of the State of New York. 
 THIS NOTE AND THE OTHER TERM LOAN NOTES ISSUED PURSUANT TO
THE CREDIT AGREEMENT REPLACES THOSE “TERM LOAN NOTES” ISSUED PURSUANT TO THE EXISTING FIRST LIEN CREDIT AGREEMENT. THIS TERM LOAN NOTE IS NOTE INTENDED AS A NOVATION OR SUBSTITUTION OF THE ORIGINAL OBLIGATIONS OF THE BORROWER. 

[SIGNATURE PAGES FOLLOW] 

 IN WITNESS WHEREOF, the
Borrower has caused this Note to be executed and delivered by its duly authorized officer as of the day and year and at the place set forth above. 
  

			
	KNOLOGY, INC.
		
	By:	 	 
		 	 Name:

		 	 Title:

 EXHIBIT G 
 EXHIBIT H (FORM OF TERM NOTICE OF CONVERSION OR CONTINUATION) 
 CREDIT SUISSE, 
 acting through one or more of its branches, 
     as Administrative Agent under the 
     Credit Agreement referred to below 
 Eleven Madison Avenue 

			
	 New York, New York 10010
	  	_________ __, ____

 Attention: 
 Re:     KNOLOGY, INC. (the “Borrower”) 
 Reference is made to the Amended and Restated Credit Agreement, dated as of March 14, 2007 as amended as of
January 4, 2008 and as amended and restated September [•], 2009 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders and
Issuers party thereto, Credit Suisse, acting through one or more of its branches (“CS”), as Administrative Agent and Collateral Agent for the Lenders and Issuers, Jefferies & Company, Inc., as syndication agent and Royal
Bank of Canada and CIT Lending Services Corporation, as co-documentation agents. Capitalized terms used herein and not otherwise defined herein are used herein as defined in the Credit Agreement. 
 The Borrower hereby gives you notice, irrevocably, pursuant to Section 2.11
(Conversion/Continuation Option) of the Credit Agreement that the undersigned hereby requests a [conversion] [continuation]2 on ________, ____ of $____________ in principal amount of presently outstanding [Initial Term Loans] [Incremental Term
Loans] [Extended Term Loans] [Revolving Loans] that are [Base Rate Loans] [Eurodollar Rate Loans] having an Interest Period ending on ________, ____ [to] [as] [Base Rate][Eurodollar Rate] Loans. [The Interest Period for such amount
requested to be converted to or continued as Eurodollar Rate Loans is [[one] [two] [three] [six] month[s]]. 
  
  

	2	 To be given only for Eurodollar Rate Loans 

 In connection herewith, the undersigned hereby certifies that no Default or
Event of Default has occurred and is continuing on the date hereof. 
  

			
	KNOLOGY, INC.
		
	By:	 	 
		 	 Name:

		 	 Title:Amendment to License and Sublicense Agreement

 Exhibit 10.2 
 Execution Copy 
 AMENDMENT TO THE LICENSE AND SUBLICENSE AGREEMENT 

 BY AND BETWEEN 
 CPEC LLC AND ARCA DISCOVERY INC. 
 THIS AMENDMENT (the
“Amendment”), dated as of February, 22, 2006 (“Amendment Effective Date”), by and between CPEC LLC, a Delaware limited liability company having an office at 33 Hayden Avenue, Lexington, MA 02421 (“CPEC”) and ARCA
Discovery, Inc., a corporation organized and existing under the laws of the State of Colorado and having its principal office at 1400 Sixteenth Street, Suite 220, Denver, Colorado 80202 (“ARCA”), amends the License and Sublicense Agreement
effective as of October 28, 2003 (the “License Agreement”) by and between CPEC and ARCA. 
 W I T N E S S E T
H: 
 WHEREAS, CPEC and ARCA desire to amend the License Agreement upon the terms and conditions set forth herein,
effective as of the Amendment Effective Date. 
 NOW, THEREFORE, in consideration of the premises contained
herein, and for other good and valuable consideration, the adequacy and receipt of which are hereby acknowledged, the parties hereto agree, effective as of the Amendment Effective Date, as follows: 
 1. Except as otherwise defined herein, all defined terms used herein shall have the meanings set forth in the License Agreement. 
 2. Article 1 of the License Agreement is hereby amended to add the following new Sections to the end thereof: 
 “1.30 “ARCA’s Series A Preferred Stock Financing” shall mean ARCA’s first preferred stock
financing on or subsequent to the Amendment Effective Date which, in one or more closings, raises an aggregate of at least $5 million in new funds. 
 1.31 “Equity Agreements” shall mean the Subscription Agreement in the form attached as Exhibit A, the Voting Agreement in the form attached as Exhibit B, the Investor Rights Agreement in
the form attached as Exhibit C and the Right of First Refusal and Co-Sale Agreement in the form attached as Exhibit D.” 
 3.
Section 3.2.2 of the License Agreement is hereby amended and restated to read in its entirety as follows: 
 “3.2.2 In addition to the diligence obligations set forth in Section 3.2.1 above, ARCA shall also: 
 (a)
complete ARCA’s Series A Preferred Stock Financing within three (3) months of the Amendment Effective Date; and 

 (b) either (i) receive an Institutional Review Board (“IRB”) approval of the
protocol for a Phase 3 clinical trial with Product (after an End of Phase 2 Meeting) in patients with congestive heart failure within twelve (12) months after the Amendment Effective Date and commence such Phase 3 clinical trial within three
(3) months after such IRB approval, and have raised sufficient financing to complete such trial prior to its commencement; or (ii) within eighteen (18) months of the Amendment Effective Date either (A) file an NDA for Product or
(B) obtain an agreement with the FDA to permit a rolling review of the NDA for Product and file the initial section of such NDA in accordance with such agreement.” 
 4. Section 5.1 of the License Agreement is hereby amended and restated to read in its entirety as follows: 
 “5.1 Milestone Payments. Subject to the terms and conditions contained in this Agreement, and in consideration of the
rights granted by CPEC hereunder, ARCA shall pay CPEC the following milestone payments, contingent upon occurrence of the specified event: 
  

	 	(a)	US $1,000,000 upon the closing of ARCA’s Series A Preferred Stock Financing; 

  

	 	(b)	US $500,000 upon the submission of an NDA with the FDA; 

  

	 	(c)	US $250,000 upon [    *    ]; 

  

	 	(d)	US $250,000 upon [    *    ]; 

  

	 	(e)	US $8,000,000 within six (6) months of obtaining Regulatory Approval for marketing in the United States by the FDA; 

  

	 	(f)	US $2,750,000 within six (6) months of [    *    ]; and 

  

	 	(g)	US $1,750,000 within six (6) months of [    *    ]. 

 For clarification, the parties acknowledge and agree that the first date of any rolling, initial or partial submission of any NDA or any
portion or section of an NDA shall constitute the date of submission of an NDA for purposes of the foregoing milestone payments. ARCA shall notify CPEC in writing within ten (10) days after the achievement of each milestone and such notice
shall be accompanied by the appropriate milestone payment.” 
  
  

	[*]	Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission
pursuant to Rule 24b-2 of the Securities and Exchange Act of 1934, as amended. 

  

 2 

 5. Section 5.2.1 (i) of the License Agreement is hereby amended and restated to read in its
entirety as follows: 
 “(i) Subject to the terms and conditions of this Agreement, and in further consideration of the
rights granted by CPEC hereunder, ARCA shall pay to CPEC royalties in the applicable percentage set forth below for Net Sales in each Royalty Year of Products by ARCA, its Affiliates or sublicensees: 
  

				
	 Annual Net Sales:
	  	Royalty Rate:	 
	 Up to the first [    *    ]:
	  	7.5	% 
	 Over [    *    ] and up to
[    *    ]:
	  	10	% 
	 Over [    *    ]:
	  	20	%” 

 6. Section 5.2 of the License Agreement is hereby amended to add at the end thereof a new
Section 5.2.4 which shall read in its entirety as follows: 
 “5.2.4 Royalty
Buy-Down. At any time during the period commencing on the Effective Date and expiring [    *    ] after obtaining Regulatory Approval for marketing Product in the United States (the “Option
Period”), ARCA shall have the option to buy-down the royalty rates set forth in Section 5.2.1 (i) as follows: For annual Net Sales over [    *    ], and up to
[    *    ], ARCA shall have the option to buy-down up to two and one-half (2 1/2) percentage points (down to a rate of 7.5%), and for annual Net Sales over [    *    ], ARCA shall have the option to buy-down up to eight
(8) percentage points (down to a rate of 12%). To exercise the buy-down option, ARCA shall provide CPEC with a written notice electing to exercise the buy-down option at any time during the Option Period and, within
[    *    ] thereafter, pay to CPEC [    *    ] reduction in royalty rate. The applicable royalty rate reduction shall be effective as of the date the related payment is
made in full to CPEC.” 
 7. Article V of the License Agreement is hereby amended to add at the end thereof a new Section 5.8
which shall read in its entirety as follows: 
 “5.8. Equity Issuance. Subject to the terms and conditions contained
in this Agreement and the Equity Agreements and in further consideration of the rights granted by CPEC hereunder and pursuant to the Amendment, ARCA shall, on the Amendment Effective Date, issue to CPEC and/or its designees an aggregate of 400,000
shares of ARCA’s Common Stock, $.001 par value per share. 
  
  

	[*]	Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission
pursuant to Rule 24b-2 of the Securities and Exchange Act of 1934, as amended. 

  

 3 

 8. Section 9.4 of the License Agreement is hereby amended by: 
 (a) replacing the address of ARCA with the following: 
 “ARCA Discovery, Inc. 
 1400 16th Street 
 Suite 220 
 Denver, CO 80202 
 Attention: President and Chief Executive Officer 
 Fax No.: 303-825-0883”; 
 and 
 (b) replacing the address of CPEC with the following: 
 CPEC LLC 
 33 Hayden Avenue 
 Lexington, MA 02421 
 Attention: Chief Executive Officer 
 Fax No.: 781-862-3859” 
 9. Except as expressly amended or waived by this Amendment, all of the provisions of the License Agreement shall remain in full force and effect. All references to the License Agreement, from and after
the Amendment Effective Date, shall be to the License Agreement as amended by this Amendment. 
 10. In the event that any of the provisions
contained in this Amendment are held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby, unless the absence of
the invalidated provision(s) adversely affect the substantive rights of the Parties. In such event, the Parties shall replace the invalid, illegal or unenforceable provision(s) with valid, legal and enforceable provision(s) which, insofar as
practical, implement the purpose of this Amendment. 
 11. This Amendment shall be governed by and construed in accordance with the laws of the
State of New York without reference to any rules of conflicts of law. 
 12. The waiver by a Party hereto of any right hereunder or the failure
to perform or of a breach by another Party shall not be deemed a waiver of any other right hereunder or of any other breach or failure by said other Party whether of a similar nature or otherwise. 
 13. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and
the same instrument. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 4 

 IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first set
forth above. 
  

			
	CPEC LLC.
		
	By:	 	 /s/ Mark S. Butler

	Name:	 	Mark S. Butler
	Title:	 	Executive Vice President
	
	ARCA DISCOVERY, INC.
		
	By:	 	 /s/ Michael R. Bristow

	Name:	 	Michael R. Bristow
	Title:	 	President and Chief Executive Officer

  

 5 

 Exhibit A 
 Subscription Agreement 

 THE SECURITIES REFERRED TO IN THIS SUBSCRIPTION AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, (THE “1933 ACT”) OR UNDER APPLICABLE STATE SECURITIES LAWS (THE “STATE ACTS”) AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE 1933 ACT AND THE STATE ACTS COVERING SUCH SECURITIES OR SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE 1933 ACT AND THE STATE ACTS. 
 SUBSCRIPTION AGREEMENT 
 THIS SUBSCRIPTION AGREEMENT (this “Agreement”) is entered into as of February 22, 2006 (“ Effective Date”) by and between ARCA Discovery, Inc., a Delaware
corporation (the “Company”), and CPEC, LLC, a Delaware limited liability company (“Investor”). 
 RECITALS 
 A. Simultaneously with the execution of this Agreement, the Company and the Investor are entering
into an Amendment (the “Amendment”) to the License and Sublicense Agreement by and between the Company and the Investor effective as of October 28, 2003 (the “License Agreement”); and 
 B. In further consideration for the rights granted by CPEC in the License Agreement and pursuant to the Amendment, Investor desires to
acquire and the Company desires to issue to Investor four hundred thousand (400,000) shares of the Company’s Common Stock, par value $0.001 per share (the “Shares”) upon the terms and conditions set forth herein.

 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing recitals and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 1. Subscription. On the Effective Date, (a) the Company and the Investor will execute and deliver the Amendment;
(b) the Investor will pay the Company four hundred dollars ($400.00) in cash or immediately available funds; (c) the Company shall issue to Investor the Shares and shall deliver to Investor a stock certificate evidencing its ownership of
the Shares. In addition, in connection with the closing of the Company’s Series A preferred stock financing, which the parties agree will take place after the effective time of the closing under this Agreement, the Investor, the Company and the
other parties thereto, shall execute and deliver to each other the other Equity Agreements. 
 2. Definitions. Except as
otherwise defined herein, all defined terms used herein shall have the meanings set forth in the Amendment. 

 3. Representations and Warranties of the Company. The Company hereby represents and
warrants to Investor as follows, except as set forth in the Schedule of Exceptions: 
 3.1 Organization, Good Standing and
Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Company has all requisite corporate power and authority to own and operate its properties and
assets, to execute and deliver this Agreement, the Amendment and the other Equity Agreements, to issue and sell the Shares, and to carry out the provisions of this Agreement, the Amendment and the other Equity Agreements and to carry on its business
as presently conducted and as presently proposed to be conducted. The Company is duly qualified to do business and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both
owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business. Copies of the Company’s Amended and Restated Certificate of
Incorporation and Amended and Restated Bylaws provided to the Investor are complete and correct and in full force and effect. 
 3.2 Subsidiaries. The Company does not own or control any equity security or other interest of any other corporation, partnership, limited liability company or other business entity. The Company is not a participant in any
joint venture, partnership, limited liability company or similar arrangement. Since its inception, the Company has not consolidated or merged with, acquired all or substantially all of the assets of, or acquired the stock of or any interest in any
corporation, partnership, limited liability company or other business entity. 
 3.3 Capitalization; Voting
Rights. 
 (a) The authorized capital stock of the Company consists of (i) sixteen million
(16,000,000) shares of Common Stock, par value $0.001 per share, three million one hundred ninety-three thousand six hundred forty-two (3,193,642) shares of which will be issued and outstanding upon the issuance of the Shares and the
issuance of six hundred fourteen thousand eight hundred thirty-four (614,834) shares of Common Stock to Myogen, Inc. and fifteen thousand four hundred fifty-five (15,455) shares of Common Stock to University License Equity Holdings, Inc.
(each of which issuances are contemplated to occur on the Effective Date), and (ii) nine million four hundred thousand (9,400,000) shares of Preferred Stock, par value $0.001 per share, all shares of which are designated Series A
Preferred Stock, none of which are issued and outstanding. 
 (b) Under the Company’s 2004 Stock Incentive Plan (as
heretofore amended, the “Plan”), immediately prior to the Effective Date, (i) options to purchase one million seven hundred fifteen thousand six hundred forty-six (1,715,646) shares of Common Stock have been granted and
are currently outstanding and (ii) one million two hundred thirty-nine thousand forty-eight (1,239,048) shares of Common Stock remain available for future issuance to officers, directors, employees and consultants of the Company. The
Company has not made any representations regarding the issuance of additional equity incentives to any officer, employee, director or consultant. 
 (c) Other than the shares reserved for issuance under the Plan, and except as may be granted pursuant to this Agreement and the Series A Preferred Stock Purchase Agreement by and among the Company,
the purchasers named therein and certain other persons

  

 2 

 
named therein (the “Purchase Agreement”), there are no outstanding options, warrants, rights (including conversion or preemptive rights and rights of first refusal), proxy or
stockholder agreements, or agreements of any kind for the purchase or acquisition from the Company of any of its securities. 
 (d) All issued and outstanding shares of the Company’s Common Stock prior to the Effective Date (i) have been duly authorized and validly issued and are fully paid and nonassessable, (ii) were issued in compliance with
all applicable state and federal laws concerning the issuance of securities, and (iii) are subject to a right of first refusal in favor of the Company upon transfer. 
 3.4 Authorization; Binding Obligations. All corporate action on the part of the Company, its officers, directors and stockholders necessary for the authorization of this Agreement, the Amendment
and the other Equity Agreements, the performance of all obligations of the Company hereunder and thereunder and the authorization, sale, issuance and delivery of the Shares pursuant hereto has been taken. The Agreement, the Amendment and the other
Equity Agreements, when executed and delivered, will be valid and binding obligations of the Company enforceable in accordance with their respective terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium
or other laws of general application affecting enforcement of creditors’ rights, (b) general principles of equity that restrict the availability of equitable remedies, and (c) to the extent that the enforceability of the
indemnification provisions in the Investor Rights Agreement may be limited by applicable laws. 
 3.5 Financial
Statements. The Company has made available to Investor its unaudited balance sheet as at December 31, 2005 and unaudited statement of income and cash flows for the twelve (12) months ending December 31, 2005 (collectively, the
“Financial Statements”). The Financial Statements present fairly the financial condition and position of the Company as of December 31, 2005. 
 3.6 Liabilities. The Company has no material liabilities and, to the best of its knowledge no material contingent liabilities, not disclosed in the Financial Statements, except current liabilities
incurred in the ordinary course of business which have not been, either in any individual case or in the aggregate, materially adverse. 
 3.7 Changes. Since December 31, 2005, there has not been to the Company’s knowledge: 
 (a) Any change in the assets, liabilities, financial condition, prospects or operations of the Company from that reflected in the Financial Statements, other than changes in the ordinary course of
business, none of which individually or in the aggregate has had a material adverse effect on such assets, liabilities, financial condition, prospects or operations of the Company; 
 (b) Any resignation or termination of any officer, key employee or group of employees of the Company; 
  

 3 

 (c) Any material change, except in the ordinary course of business, in the
contingent obligations of the Company by way of guaranty, endorsement, indemnity, warranty or otherwise; 
 (d) Any
damage, destruction or loss, whether or not covered by insurance, materially and adversely affecting the properties, business or prospects or financial condition of the Company; 
 (e) Any waiver by the Company of a valuable right or of a material debt owed to it; 
 (f) Any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder;

 (g) Any sale, assignment, or exclusive license or transfer of any patents, trademarks, copyrights, trade secrets or
other intangible assets; 
 (h) Any change in any material agreement to which the Company is a party or by which it is
bound which materially and adversely affects the business, assets, liabilities, financial condition, operations or prospects of the Company; 
 (i) Any other event or condition of any character that, either individually or cumulatively, has materially and adversely affected the business, assets, liabilities, financial condition, prospects
or operations of the Company; or 
 (j) Any arrangement or commitment by the Company to do any of the acts described in
subsection (a) through (i) above. 
 3.8 Title to Properties and Assets; Liens, Etc. The Company has good and
marketable title to its properties and assets, including the properties and assets reflected in the most recent balance sheet included in the Financial Statements, and good title to its leasehold estates, in each case subject to no mortgage, pledge,
lien, lease, encumbrance or charge, other than (a) those resulting from taxes which have not yet become delinquent, (b) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or
materially impair the operations of the Company, and (c) those that have otherwise arisen in the ordinary course of business. All facilities, machinery, equipment, fixtures, vehicles and other properties owned, leased or used by the Company are
in good operating condition and repair and are reasonably fit and usable for the purposes for which they are being used. 
 3.9 Intellectual Property. 
 (a) To the Company’s knowledge, the Company owns or possesses
sufficient legal rights to all patents, trademarks, service marks, trade names, copyrights, trade secrets, licenses, information and other proprietary rights and processes necessary for its business as now conducted and as presently proposed to be
conducted, and to the Company’s knowledge, without any infringement of the rights of others. There are no outstanding options, licenses or agreements of any kind relating to the foregoing proprietary rights, nor is the Company bound by or a
party to any options, licenses or agreements of any kind with respect to the patents,

  

 4 

 
trademarks, service marks, trade names, copyrights, trade secrets, licenses, information and other proprietary rights and processes of any other person or entity other than such licenses or
agreements arising from the purchase of “off the shelf” or standard products. 
 (b) To the Company’s
knowledge, no product or service marketed or sold (or proposed to be marketed or sold) by the Company violates or will violate any license or infringe any patents, trademarks, service marks, trade names, copyrights or trade secrets or other
proprietary rights of any other person or entity. The Company has not received any communications alleging that the Company has violated or, by conducting its business as presently proposed to be conducted, would violate any of the patents,
trademarks, service marks, trade names, copyrights or trade secrets or other proprietary rights of any other person or entity. 
 (c) The Company is not aware that any of its employees is obligated under any contract (including licenses, covenants or commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or
administrative agency, that would interfere with their duties to the Company or that would conflict with the Company’s business as proposed to be conducted. Each former and current employee, officer and consultant of the Company has executed a
proprietary information and inventions agreement. No former and current employee, officer or consultant of the Company has excluded works or inventions made prior to his or her employment with the Company from his or her assignment of inventions
pursuant to such employee, officer or consultant’s proprietary information and inventions agreement. The Company does not believe it is or will be necessary to utilize any inventions, trade secrets or proprietary information of any of its
employees made prior to their employment by the Company, except for inventions, trade secrets or proprietary information that have been assigned to the Company. 
 3.10 Compliance with Other Instruments. The Company is not in violation or default of any term of its Amended and Restated Certificate of Incorporation or its Amended and Restated Bylaws,
each as amended, or of any provision of any mortgage, indenture, contract, lease, agreement, instrument or contract to which it is party or by which it is bound or of any judgment, decree, order or writ (other than any such violation that would not
have a material adverse effect on the Company). The execution, delivery, and performance of and compliance with this Agreement, the Amendment and the other Equity Agreements, and the issuance and sale of the Shares pursuant hereto, will not, with or
without the passage of time or giving of notice, result in any such material violation, or be in conflict with or constitute a material default under any such term or provision, or result in the creation of any mortgage, pledge, lien, encumbrance or
charge upon any of the properties or assets of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to the Company, its business or operations or any of its
assets or properties. To the Company’s knowledge, the Company has avoided every condition, and has not performed any act, the occurrence of which would result in the Company’s loss of any right granted under any license, distribution
agreement or other agreement required to be disclosed on the Schedule of Exceptions. 
 3.11 Litigation. There is
no action, suit, proceeding or investigation pending or, to the Company’s knowledge, currently threatened against the Company that would result, either individually or in the aggregate, in any material adverse change in the assets, condition,

  

 5 

 
affairs or prospects of the Company, financially or otherwise, or any change in the current equity ownership of the Company or that questions the validity of this Agreement or the other Equity
Agreements or the right of the Company to enter into any of such agreements, or to consummate the transactions contemplated hereby or thereby, nor is the Company aware that there is any basis for any of the foregoing. The Company is not a party to,
or to the Company’s knowledge subject to, the provisions of any order, writ, injunction, judgment or decree of any court or government agency or instrumentality. There is no action, suit, proceeding or investigation by the Company currently
pending or which the Company intends to initiate. 
 3.12 Tax Returns and Payments. The Company has timely filed
all tax returns (federal, state and local) required to be filed by it. All taxes shown to be due and payable on such returns, any assessments imposed, and to the Company’s knowledge all other taxes due and payable by the Company on or before
the Effective Date, have been paid or will be paid prior to the time they become delinquent. The Company has not been advised (a) that any of its returns, federal, state or other, have been or are being audited as of the date hereof, or
(b) of any deficiency in assessment or proposed judgment to its federal, state or other taxes. The Company has no knowledge of any liability of any tax to be imposed upon its properties or assets as of the date of this Agreement that is not
adequately provided for. 
 3.13 Employees. The Company is not aware that any officer, key employee or group of
employees intends to terminate his, her or their employment with the Company, nor does the Company have a present intention to terminate the employment of any officer, key employee or group of employees. There are no actions pending, or to the
Company’s knowledge, threatened, by any former or current employee concerning such person’s employment by the Company. 
 3.14 Registration Rights and Voting Rights. Except as required pursuant to the Investor Rights Agreement, the Company is presently not under any obligation, and has not granted any rights, to register under the Securities Act
of 1933, as amended (the “Securities Act”), any of the Company’s outstanding securities or any of its securities that may hereafter be issued. To the Company’s knowledge, except as contemplated in the Voting Agreement, no
stockholder of the Company has entered into any agreement with respect to the voting of equity securities of the Company. 
 3.15 Compliance with Laws; Permits. To its knowledge, the Company is not in violation of any applicable statute, rule, regulation, order or restriction of any domestic or foreign government or any instrumentality or agency
thereof in respect of the conduct of its business or the ownership of its properties, which violation would materially and adversely affect the business, assets, liabilities, financial condition, operations or prospects of the Company. No
governmental orders, permissions, consents, approvals or authorizations are required to be obtained and no registrations or declarations are required to be filed in connection with the execution and delivery of this Agreement or the issuance of the
Shares, except such as have been duly and validly obtained or filed, or with respect to any filings that must be made after the Effective Date, as will be filed in a timely manner. The Company has all franchises, permits, licenses and any similar
authority necessary for the conduct of its business as now being conducted by it, the lack of which could materially and adversely affect the business, assets, properties, prospects or financial condition of the Company and believes it can obtain,
without undue burden or expense, any similar authority for the conduct of its business as planned to be conducted. 
  

 6 

 3.16 Full Disclosure. The Company has provided Investor with all information
requested by the Investor in connection with their decision to acquire the Shares. To the Company’s knowledge, neither this Agreement, the Amendment, the other Equity Agreements nor any other document delivered by the Company to Investor or
their attorneys or agents in connection herewith or therewith or with the transactions contemplated hereby or thereby, contain any untrue statement of a material fact nor, to the Company’s knowledge, omit to state a material fact necessary in
order to make the statements contained herein or therein not misleading. Notwithstanding the foregoing, the documents provided to the Investor describing the Company’s business were prepared by the management of the Company in a good faith
effort to describe the Company’s proposed business and products and the markets therefore. The assumptions applied in preparing these documents appeared reasonable to management as of the date thereof; however, there is no assurance that these
assumptions will prove to be valid or that the objectives set forth in these documents will be achieved. 
 3.17
Insurance. The Company has or will obtain promptly following the Effective Date general commercial, product liability, fire and casualty insurance policies with coverage customary for companies similarly situated to the Company. 
 3.18 Executive Officers. To the Company’s knowledge, no executive officer or person nominated to become an executive officer of
the Company (a) has been convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding minor traffic violations) or (b) is or has been subject to any judgment or order of, the subject of any pending
civil or administrative action by the Securities and Exchange Commission or any self-regulatory organization. 
 4.
Representations and Warranties of Investor. Investor hereby represents and warrants to the Company as follows: 
 4.1
Requisite Power and Authority. Investor has all necessary power and authority to execute and deliver this Agreement, the Amendment and the other Equity Agreements and to carry out their provisions. All action on Investor’s part required for
the lawful execution and delivery of this Agreement, the Amendment and the other Equity Agreements has been taken. Upon their execution and delivery, this Agreement, the Amendment and the other Equity Agreements will be valid and binding obligations
of Investor, enforceable in accordance with their terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights, (b) as
limited by general principles of equity that restrict the availability of equitable remedies, and (c) to the extent that the enforceability of the indemnification provisions of the Investor Rights Agreement may be limited by applicable laws.

 4.2 Investment Representations. Investor understands that the Shares have not been registered under the Securities
Act. Investor also understands that the Shares are being offered and sold pursuant to an exemption from registration contained in the Securities Act based in part upon Investor’s representations contained in the Agreement. 
  

 7 

 4.3 Investor Bears Economic Risk. Investor is capable of evaluating the merits and
risks of its investment in the Company. Investor must bear the economic risk of this investment indefinitely unless the Shares are registered pursuant to the Securities Act, or an exemption from registration is available. Investor understands that
the Company has no present intention of registering the Shares or any shares of its Common Stock. Investor also understands that there is no assurance that any exemption from registration under the Securities Act will be available and that, even if
available, such exemption may not allow Investor to transfer all or any portion of the Shares under the circumstances, in the amounts or at the times Investor might propose. 
 4.4 Acquisition for Own Account. Investor is acquiring the Shares for Investor’s own account for investment only, and not with a
view towards their distribution. 
 4.5 Investor Can Protect Its Interest. Investor represents that by reason of its, or
of its management’s, business or financial experience, Investor has the capacity to protect its own interests in connection with the transactions contemplated in this Agreement. Investor has such knowledge and experience in financial and
business matters that the Investor is capable of evaluating the merits and risks of an investment in the Company’s Common Stock. Investor is able to bear the economic risk of the investment and has the ability to hold the Shares indefinitely
and the ability to suffer a complete loss of his investment. Investor understands that an investment in the Company is speculative and earnings therefrom are uncertain. 
 4.6 Company Information. Investor has received and read the Financial Statements and other documents provided by Company concerning its business, and has had an opportunity to discuss the
Company’s business, management and financial affairs with directors, officers and management of the Company and has had the opportunity to review the Company’s operations and facilities. Investor has also had the opportunity to ask
questions of and receive answers from, the Company and its management regarding the terms and conditions of this investment. Investor has received sufficient information to enable Investor to evaluate the merits and risks of its investment.

 4.7 Rule 144. Investor acknowledges and agrees that the Shares are “restricted securities” as defined in
Rule 144 promulgated under the Securities Act as in effect from time to time and must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Investor has been
advised or is aware of the provisions of Rule 144, which permits limited resale of shares purchased in a private placement subject to the satisfaction of certain conditions, including, among other things: the availability of certain current public
information about the Company, the resale occurring following the required holding period under Rule 144 and the number of shares being sold during any three (3) month period not exceeding specified limitations. 
 4.8 Residence. The office or offices of Investor in which its investment decision was made is located at the address of Investor set
forth on the signature page attached hereto. 
  

 8 

 4.9 Transfer Restrictions. Investor acknowledges and agrees that the Shares
are subject to restrictions on transfer as set forth in the Investor Rights Agreement, the Right of First Refusal and Co-Sale Agreement and the Company’s Amended and Restated Bylaws. The Investor also understands and agrees that legends will be
placed on the certificates representing the Shares referring to the above transfer restrictions and that, as a further condition to any such disposition, the Company may require that the proposed transferee furnish the Company with written
representations substantially the same as those made by the Investor in this Agreement. 
 4.10 Familiarity with
Investment. The Investor is familiar with the type of investment that the Shares constitutes and has had the opportunity to review the purchase of the Shares subscribed for with its tax and legal counsel and its investment representatives to the
extent deemed advisable. The Investor acknowledges that the nature of the Shares and the amount of its purchase are consistent with its overall investment program and financial position. 
 5. Miscellaneous. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without
giving effect to conflict of law principles thereof. This Agreement, together with the Amendment and the other Equity Agreements and the Exhibits hereto and thereto, contains the entire agreement among the parties with respect to the subject matter
hereof and shall be binding upon their respective successors and assigns. This Agreement may be modified only in writing by the parties. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of
which together shall constitute one and the same instrument, and signatures hereto delivered via facsimile shall be deemed effective for purposes of execution hereof. 
 * * * * * 
  

 9 

 IN WITNESS WHEREOF, the parties have executed this Subscription Agreement as of the date
first above written. 
  

									
	Investor:	 		 	Accepted by:
			
	CPEC, LLC, a Delaware limited liability company	 		 	 ARCA DISCOVERY, INC.,
     a Delaware corporation

				
	  
	 		 	By:	 	  

	Signature	 		 		 	 Michael Bristow, President and Chief
 Executive Officer

	  
	 		 		 	
				
	  
	 		 		 	
	Title:	 	President	 		 		 	
	Address:	 	 33 Hayden Avenue,
 Lexington MA
02421
	 		 		 	

  

 10 

 SCHEDULE OF EXCEPTIONS 
 TO 
 SUBCRIPTION AGREEMENT 
 This Schedule of Exceptions is being provided in connection with the Subscription Agreement dated February 22, 2006 (the “Agreement”)
between ARCA Discovery, Inc., a Delaware corporation (the “Company”), and CPEC, LLC, a Delaware limited liability company. The information contained in this Schedule of Exceptions is as of the date of the Agreement unless otherwise
specified. Nothing in this Schedule of Exceptions is intended nor shall be construed to expand the scope of any of the Company’s representations or warranties contained in the Agreement. To the extent any of the representations and warranties
of the Company in the Agreement requires the disclosure of matters that are substantially duplicative of matters required to be disclosed by the Company pursuant to another representation or warranty in the Agreement, disclosure on one schedule
hereto shall be deemed to constitute disclosure on the other schedule that corresponds to the other representation or warranty where such disclosure would be appropriate and reasonably apparent. The information about contracts or agreements listed
on this Schedule of Exceptions is for identification purposes and is not intended to summarize the terms of such contracts or agreements. Reference should be made to the contracts or agreements themselves for a complete description of their terms.
Capitalized terms used in this Schedule of Exceptions but not defined herein have the meanings given to such terms in the Agreement. Headings and captions in this Schedule of Exceptions are for convenience of reference only and in no way modify,
affect, or are to be considered in construing or interpreting any information provided herein. 

 Section 3.2 
 Subsidiaries 
 On September 24, 2004, ARCA Discovery, Inc., a
Colorado corporation, merged with and into the Company. 
  

 2 

 Section 3.3 
 Capitalization; Voting Rights 
 (c) 
  

	 	(i)	The Company has issued 41,813 shares of Common Stock to University License Equity Holdings, Inc. (“ULEHI”) pursuant to the terms of the Subscription
Agreement between the Company and ULEHI dated October 14, 2005 (the “ULEHI Agreement”), and the Exclusive License Agreement between the Company and the Regents of the University of Colorado dated October 14, 2005 (the
“CU License Agreement”). The Company is obligated to issue ULEHI an additional 6,092 shares of Common Stock upon the closing under the Agreement and additional shares of Common Stock upon the closing of the Company’s sale of
Series A Preferred Stock financing pursuant to the anti-dilution provision in the ULEHI Agreement. ULEHI also has a right of first refusal to participate in certain offerings of equity securities by the Company pursuant to the ULEHI Agreement.

  

	 	(ii)	The Company has issued 614,834 shares of Common Stock to Myogen, Inc. pursuant to the terms of the Strategic Alliance Agreement (the “Myogen
Agreement”) dated October 7, 2005, and the Subscription Agreement between the Company and Myogen, Inc. dated February 21, 2006. 

  

	 	(iii)	The Company has issued Convertible Promissory Notes, each dated October 17, 2005, to Boulder Ventures IV, L.P. and Boulder Ventures IV (Annex), L.P. in the
aggregate principal amount of $500,000 (collectively, the “BV Notes”). The Company anticipates that the BV Notes including interest through February 15, 2006 will be converted into an aggregate of 312,504 shares of Preferred
Stock at the first closing of the Company’s Series A Preferred Stock financing (the “Initial Closing”); the remaining interest will be paid off in connection with the Initial Closing. 

  

	 	(iv)	On November 2, 2005, the Company issued a Convertible Promissory Note to an entity owned and controlled by John Zabriskie, Ph.D., a member of the Company’s
board of directors, in the aggregate principal amount of $250,000 (the “Zabriskie Note”). The Company anticipates that of the balances due under the Zabriskie Note, $83,333.33 will be paid off after the Initial Closing, with the
remaining balance including interest through February 15, 2006 converted into 104,680 shares of Preferred Stock at the Initial Closing; the remaining interest will be paid off in connection with the Initial Closing. 

  

	 	(v)	On September 30, 2004, the Company issued a Convertible Promissory Note to Ellen Sappington, in the principal amount of $5,000 (the “Sappington
Note”). The Company anticipates that the Sappington Note, plus interest through February 15, 2006 will be converted into 3,376 shares of Preferred Stock at the Initial Closing; the remaining interest will be paid off in connection with
the Initial Closing. 

  

 3 

	 	(vi)	The Amended and Restated Shareholders Agreement dated September 30, 2004 among the Company and certain stockholders of the Company (the “Shareholders
Agreement”) contains certain voting covenants in connection with a change of control of the Company. 

  

 4 

 Section 3.5 
 Financial Statements 
 Attached are the Financial Statements,
including accounts payable detail and accrual liability detail, as of December 31, 2005. 
  

 5 

 Section 3.9 
 Intellectual Property 
 The Company licenses intellectual property
rights, including patented intellectual property rights, under the terms of the following agreements: 
  

	 	a.	CU License Agreement 

  

	 	b.	Myogen Agreement 

  

	 	c.	The License and Sublicense Agreement effective as of October 28, 2003 by and between CPEC, LLC and the Company. (the “CPEC Agreement”)

  

	 	d.	The License Agreement dated December 6, 1991, as amended on February 17, 1994, November 18, 1994 and July 1, 1995, between Bristol-Myers-Squibb
Company (“BMS”) and CPEC LLC, under which the Company is the exclusive sublicense (the “BMS Agreement”) 

 The Company has agreed to license certain intellectual property rights to Myogen under the terms of the Myogen Agreement. 
  

 6 

 Section 3.12 
 Tax Returns and Payments 
  

	(i)	The Company filed its federal and state tax returns for 2003 and 2004 after expiration of the extension filing due date. The Company had no taxable income in 2003 and
2004 and no income taxes were due for 2003 and 2004, however, the Company may be subject to penalties for the late filing of its 2003 and 2004 returns. The Company has not yet filed its state and federal tax returns for 2005.

  

 7 

 Section 3.14 
 Registration Rights and Voting Rights 
  

	(i)	Under the terms of the Myogen Agreement, the Company has agreed to grant Myogen registration rights consistent with those granted to the purchasers in the
Company’s Series A Preferred Stock financing. 

  

	(ii)	The Shareholders Agreement contains certain voting covenants in connection with a change of control of the Company. 

  

 8 

 Exhibit B 
 Voting Agreement 

 EXECUTION VERSION 
 ARCA DISCOVERY, INC. 
 VOTING AGREEMENT 
 THIS VOTING AGREEMENT
(the “Agreement”) is made and entered into as of this 22nd day of February, 2006, by and among ARCA Discovery, Inc., a Delaware corporation (the “Company”), those certain Key Holders of the Company’s Common Stock listed on
Exhibit A hereto (the “Key Holders”) and the persons and entities listed on Exhibit B hereto (the “Investors”). 
 WITNESSETH 
 Whereas, the Key Holders are the
beneficial owners of an aggregate of three million one hundred seventy thousand six hundred forty-two (3,170,642) shares of the Common Stock of the Company; and 
 WHEREAS, the Investors are purchasing shares of the Company’s Series A Preferred Stock (the “Preferred Stock”), pursuant to that certain Series A Preferred
Stock Purchase Agreement (the “Purchase Agreement”) of even date herewith (the “Financing”); and 
 WHEREAS, the obligations in the Purchase Agreement are conditioned upon the execution and delivery of this Agreement; and 
 WHEREAS, in connection with the consummation of the Financing, the Company, the Key Holders and the Investors have agreed to provide for the future voting of their shares of the
Company’s capital stock as set forth below. 
 NOW, THEREFORE, in consideration of
these premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 AGREEMENT 
 1. VOTING. 
 1.1 Key Holder Shares; Investor Shares. 
 (a) The Key Holders each agree to hold all shares of voting capital stock of the Company registered in their respective names or beneficially owned by them as of the date hereof and any and all other
securities of the Company legally or beneficially acquired by each of the Key Holders after the date hereof (hereinafter collectively referred to as the “Key Holder Shares”) subject to, and to vote the Key Holder Shares in accordance with,
the provisions of this Agreement. 
 (b) The Investors each agree to hold all shares of voting capital stock of the Company
(including but not limited to all shares of Common Stock issued or issuable upon conversion of the Preferred Stock) registered in their respective names or beneficially owned by them as of the date hereof and any and all other securities of the
Company legally or beneficially acquired by each of the Investors after the date hereof (hereinafter collectively referred to as the “Investor Shares”) subject to, and to vote the Investor Shares in accordance with, the provisions of this
Agreement. 
  

 1. 

 1.2 Election of Directors. On all matters relating to the election and removal of
directors of the Company, the Key Holders and the Investors agree to vote all Key Holder Shares and Investor Shares held by them (or to consent pursuant to an action by written consent) so as to elect members of the Company’s Board of Directors
as follows: 
 (a) For so long as at least twenty percent (20%) of the originally issued shares of Preferred Stock remain
outstanding, at each election of or action by written consent to elect directors in which the holders of Preferred Stock, voting as a separate class, are entitled to elect directors of the Company, the Investors shall vote all of their
respective Investor Shares so as to elect: (i) one (1) individual designated by Atlas Venture Fund VII, L.P., so long as it holds shares of Preferred Stock, which individual shall initially be Jean-Francois Formela and (ii) one
(1) individual designated by Boulder Ventures IV, L.P. and Boulder Ventures IV (Annex), L.P., so long as either entity holds shares of Preferred Stock, which individual shall initially be Kyle Lefkoff. Any vote taken to remove any director
elected pursuant to this Section 1.2(a), or to fill any vacancy created by the resignation, removal or death of a director elected pursuant to this Section 1.2(a), shall also be subject to the provisions of this Section 1.2(a). Upon
the request of any party entitled to designate a director as provided in this Section 1.2(a), each Investor agrees to vote its Investor Shares for the removal of such director. 
 (b) At each election of or action by written consent to elect directors in which the holders of Common Stock, voting as a separate class,
are entitled to elect directors of the Company, the Key Holders shall vote all of their respective Key Holder Shares so as to elect one (1) individual designated by the holders of a majority of the Key Holder Shares, which individual shall
initially be Dr. Michael Bristow. Any vote taken to remove any director elected pursuant to this Section 1.2(b), or to fill any vacancy created by the resignation, removal or death of a director elected pursuant to this
Section 1.2(b), shall also be subject to the provisions of this Section 1.2(b). 
 (c) At each election of or action
by written consent to elect directors in which the holders of Common Stock and holders of Preferred Stock, voting together as a single class, are entitled to elect directors of the Company, the Key Holders and Investors shall vote all of their
respective Key Holder Shares and Investor Shares so as to elect two (2) independent individuals who shall not be affiliated with the Company or any Investor and who shall be designated by the holders of a majority of the Key Holder Shares and
the holders of a majority of the Investor Shares (voting together as a single class on an as-converted basis). Such individuals shall initially be Dr. Frank Bullock and Dr. John Zabriske. Any vote taken to remove any director elected
pursuant to this Section 1.2(c), or to fill any vacancy created by the resignation, removal or death of a director elected pursuant to this Section 1.2(c), shall also be subject to the provisions of this Section 1.2(c). 
  

 2. 

 1.3 Board Observer Rights. 
 (a) Rights of Board Observers. Pequot Scout Fund, L.P. and Pequot Mariner Master Fund, L.P. (“Pequot”) shall be entitled to
designate one (1) representative to attend all meetings (including telephonic meetings) of the Board of Directors of the Company and any committee thereof. The Company shall give Pequot written notice of each meeting of the Board of Directors
and any committee thereof at the same time and in the same manner as notice is given to the directors of the Company. Pequot shall also be provided with all written materials and other information (including minutes of meetings) given to directors
of the Company in connection with such meetings at the same time as such materials and information are given to the directors of the Company. In the event that the Board of Directors or any committee thereof proposes to take any action by written
consent in lieu of a meeting, the Company shall give written notice thereof to Pequot promptly following the effective date of such consent describing the nature and substance of such action. 
 (b) Limitations of Board Observer Rights. Notwithstanding anything to the contrary set fort herein, the Company shall be
entitled to exclude Pequot’s representative from all or any portion of any meetings of the Board of Directors or any committee thereof, or to withhold from Pequot any notices, minutes, consents or other material (“Materials”) provided
to the directors of the Company, if the Board of Directors reasonably concludes, based upon advice of legal counsel, that such exclusion or withholding is reasonably necessary to preserve and attorney-client privilege of the Company. In addition, to
the extent that portions of the meeting or the Materials include any competitively sensitive information (the “Information”), then to the extent (in the reasonable judgment of the Board of Directors) that the Company would be adversely
affected by allowing Pequot to receive the Information or by allowing Pequot’s representative to be present at the meeting while the Information is being discussed, the Board of Directors shall be authorized to redact the Materials or exclude
Pequot’s representative from the meeting to the extent necessary to protect the Information. The Board of Directors may require Pequot and/or its representative to sign a non-disclosure agreement as a condition to Pequot’s representative
being allowed to attend a meeting or receive Materials. The rights pursuant to this Section 1.3 shall terminate at such time as Pequot no longer holds shares of capital stock of the Company. 
 1.4 No Liability for Election of Recommended Director. None of the parties hereto and no officer, director, stockholder, partner,
employee or agent of any party makes any representation or warranty as to the fitness or competence of the nominee of any party hereunder to serve on the Board of Directors by virtue of such party’s execution of this Agreement or by the act of
such party in voting for such nominee pursuant to this Agreement. 
 1.5 Legend. 
 (a) Concurrently with the execution of this Agreement, there shall be imprinted or otherwise placed, on certificates representing the
Investor Shares the following restrictive legend (the “Legend”): 
 “THE SHARES REPRESENTED BY THIS CERTIFICATE
ARE SUBJECT TO THE TERMS AND CONDITIONS OF A VOTING AGREEMENT WHICH PLACES CERTAIN RESTRICTIONS ON THE VOTING OF THE SHARES REPRESENTED HEREBY. ANY PERSON ACCEPTING ANY INTEREST IN SUCH SHARES SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY

  

 3. 

 
ALL THE PROVISIONS OF SUCH AGREEMENT. A COPY OF SUCH VOTING AGREEMENT WILL BE FURNISHED TO THE RECORD HOLDER OF THIS CERTIFICATE WITHOUT CHARGE UPON WRITTEN REQUEST TO THE COMPANY AT ITS
PRINCIPAL PLACE OF BUSINESS.” 
 Within thirty (30) days of the execution of this Agreement, the Legend shall be imprinted or
otherwise placed, on certificates representing the Key Holder Shares. 
 (b) The Company agrees that, during the term of this
Agreement, it will not remove, and will not permit to be removed (upon registration of transfer, reissuance of otherwise), the Legend from any such certificate and will place or cause to be placed the Legend on any new certificate issued to
represent Key Holder Shares or Investor Shares theretofore represented by a certificate carrying the Legend. If at any time or from time to time any Key Holder or Investor holds any certificate representing shares of the Company’s capital stock
not bearing the aforementioned legend, such Key Holder or Investor agrees to deliver such certificate to the Company promptly to have such legend placed on such certificate. 
 1.6 Successors. The provisions of this Agreement shall be binding upon the successors in interest to any of the Key Holder Shares or
Investor Shares. The Company shall not permit the transfer of any of the Key Holder Shares or Investor Shares on its books or issue a new certificate representing any of the Key Holder Shares or Investor Shares unless and until the person to whom
such security is to be transferred shall have executed a written agreement, substantially in the form of this Agreement, pursuant to which such person becomes a party to this Agreement and agrees to be bound by all the provisions hereof as if such
person were a Key Holder or Investor, as applicable. 
 1.7 Other Rights. Except as provided by this Agreement or any
other agreement entered into in connection with the Financing, each Key Holder and Investor shall exercise the full rights of a holder of capital stock of the Company with respect to the Key Holder Shares and the Investor Shares, respectively.

 1.8 Drag-Along Rights. 
 (a) In the event that holders of at least seventy-five percent (75%) of the Investor Shares and a majority of the members of the Board of Directors of the Company (the “Requisite
Individuals”) approve a sale of the Company or all or substantially all of the Company’s assets whether by means of a merger, consolidation or sale of stock or assets, or otherwise (each, an “Approved Sale”), then (i) if the
Approved Sale is structured as a merger or consolidation of the Company, or a sale of all or substantially all of the Company’s assets, each Key Holder, each holder of greater than one percent (1%) of the Company’s Common Stock (on an
as-converted basis) (each, a “Major Common Holder”) and each Investor agrees to be present, in person or by proxy, at all meetings for the vote thereon, to vote all shares of capital stock held by such person for and raise no objections to
such Approved Sale, and waive and refrain from exercising any dissenters rights, appraisal rights or similar rights in connection with such merger, consolidation or asset sale, or (ii) if the Approved Sale is structured as a sale of the stock
of the Company, the Key Holders, the Major Common Holders and Investors shall each agree to sell their Key Holder Shares, shares of Common Stock and Investor Shares on the terms and

  

 4. 

 
conditions approved by the Requisite Individuals, provided in each case that such terms and conditions do not provide that any such Key Holder, Major Common Holder or Investor would
receive as a result of such Approved Sale less than the amount that would be distributed to such Key Holder, Major Common Holder or Investor in the event the proceeds of such Approved Sale were distributed in accordance with the liquidation
preferences set forth in Company’s Amended and Restated Certificate of Incorporation (as the same is amended, restated or otherwise modified after the date hereof). The Key Holders, Major Common Holders and the Investors shall each take all
necessary, reasonable and customary actions approved by the Requisite Individuals in connection with the consummation of the Approved Sale, including the execution of such agreements and such instruments and other actions reasonably necessary to
(i) provide the representations, warranties, indemnities, covenants, conditions, non-compete agreements, escrow agreements and other provisions and agreements relating to such Approved Sale and (ii) effectuate the allocation and
distribution of the aggregate consideration upon the Approved Sale provided, however, that no Investor, Major Common Holder or Key Holder shall be required to make any covenant which restricts its ability to invest in or conduct a competing
business anywhere in the world, and provided further that the maximum required indemnification or contribution obligations of any Investor, Major Common Holder or Key Holder under such provisions shall be limited to the amount of such
Investor’s, Major Common Holder’s or Key Holder’s proceeds (whether cash or otherwise) from the Approved Sale. 
 (b) The Company shall require each current and future holder of greater than one percent (1%) of the shares of the Company’s Common Stock (assuming conversion of any preferred stock held by such holder and any other persons and
the exercise of all options, warrants and other rights to purchase shares of the Company’s Common Stock or preferred stock), at any time following the date hereof, as a condition to the receipt of such shares of such Common Stock, to become a
party to, and to be deemed a “Major Common Holder” under the terms of Section 1.8(a) above (the “Drag-Along Rights”). The Investors are intended third-party beneficiaries of any such contract or agreement and shall have the
right to cause the Company to enforce its rights under any contract or agreement with any third party with respect to the Drag-Along Rights, as a condition to the receipt of shares of capital stock of the Company. 
 1.9 Irrevocable Proxy. To secure the Key Holder’s and the Investor’s obligations to vote the Key Holder Shares and the
Investor Shares in accordance with this Agreement, each Key Holder and each Investor hereby appoints the Chairman of the Board of Directors and the Chief Executive Officer of the Company, or either of them from time to time, or their designees, as
such Key Holder’s or Investor’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to vote all of such Key Holder Shares or such Investor Shares as set forth in this Agreement and to
execute all appropriate instruments consistent with this Agreement on behalf of such Key Holder or Investor if, and only if, such Key Holder or Investor fails to vote all of such Key Holder Shares or such Investor Shares or execute such other
instruments in accordance with the provisions of this Agreement within five (5) days of the Company’s or any other party’s written request for such Key Holder’s or Investor’s written consent or signature. The proxy and power
granted by each Key Holder and Investor pursuant to this Section 1.9 are coupled with an interest and are given to secure the performance of such party’s duties under this Agreement. Each such proxy and power will be irrevocable for the
term hereof. The proxy and power, so long as any party hereto is an individual, will survive the death, incompetency and disability of such party or any other individual holder of the Investor Shares or Key Holder Shares and, so long as any party
hereto is an entity, will survive the merger or reorganization of such party or any other entity holding any Investor Shares or Key Holder Shares. 
  

 5. 

 1.10 Future Issuance. The Company hereby covenants and agrees that as a condition to
the future issuance, sale or transfer of any shares of the Company’s Common Stock (including shares of Common Stock or options, warrants or other convertible securities issued by the Company to employees, officers or directors of, or
consultants or advisors to the Company or any subsidiary) which might result in any holder holding one percent (1%) or greater of the shares of the Company’s Common Stock immediately following such issuance, such holder shall become a
party to this Agreement or agree to be bound by the provisions of this Agreement. 
 2. TERMINATION. 
 2.1 This Agreement shall continue in full force and effect from the date hereof through the earliest of the following dates, on which
date it shall terminate in its entirety: 
 (a) the date of the closing of a firmly underwritten public offering of the Common
Stock pursuant to a registration statement filed with the Securities and Exchange Commission, and declared effective under the Securities Act of 1933, as amended, that results in the Series A Preferred Stock being converted into Common Stock;

 (b) the date of the closing of an Acquisition, as defined in the Company’s Amended and Restated Certificate of
Incorporation (as the same is amended, restated or otherwise modified after the date hereof); or 
 (c) the date as of which the
parties hereto terminate this Agreement by written consent of (i) the Company, (ii) the holders of seventy-five percent (75%) of the Investor Shares, and (iii) the holders of a majority of the Key Holder Shares. 
 3. MISCELLANEOUS. 
 3.1 Ownership. Each Key Holder represents and warrants to the Investors and the Company that (a) such Key Holder now owns the Key Holder Shares listed on Exhibit A hereto and has not, prior to or on the date of this
Agreement, executed or delivered any proxy or entered into any other voting agreement or similar arrangement other than one which has expired or terminated prior to the date hereof, and (b) such Key Holder has full power and capacity to
execute, deliver and perform this Agreement, which has been duly executed and delivered by, and evidences the valid and binding obligation of, such Key Holder enforceable in accordance with its terms. 
 3.2 Further Action. If and whenever any Key Holder Shares or Investor Shares are sold, the Key Holders, the Investor or the personal
representative of the Key Holder or Investor shall do all things and execute and deliver all documents and make all transfers, and cause any transferee of the Key Holder Shares or Investor Shares to do all things and execute and deliver all
documents, as may be necessary to consummate such sale consistent with this Agreement. 
  

 6. 

 3.3 Specific Performance. The parties hereto hereby declare that it is impossible to
measure in money the damages which will accrue to a party hereto or to their heirs, personal representatives, or assigns by reason of a failure to perform any of the obligations under this Agreement and agree that the terms of this Agreement shall
be specifically enforceable. If any party hereto or his heirs, personal representatives, or assigns institutes any action or proceeding to specifically enforce the provisions hereof, any person against whom such action or proceeding is brought
hereby waives the claim or defense therein that such party or such personal representative has an adequate remedy at law, and such person shall not offer in any such action or proceeding the claim or defense that such remedy at law exists.

 3.4 Governing Law. This Agreement shall be governed by and construed under the laws of the State of Delaware as such
laws are applied to agreements among Delaware residents entered into and performed entirely within the State of Delaware, without reference to the conflict of laws provisions thereof. The parties agree that any action brought by any party under or
in relation to this Agreement, including without limitation to interpret or enforce any provision of this Agreement, shall be brought in, and each party agrees to and does hereby submit to the jurisdiction and venue of, any state or federal court
located in the County of Denver, Colorado. 
 3.5 Amendment or Waiver. This Agreement may be amended or modified (or
provisions of this Agreement waived) only upon the written consent of (a) the Company, (b) the holders of seventy-five percent (75%) of the Investor Shares and (c) the holders of a majority of the Key Holder Shares. Any
amendment or waiver so effected shall be binding upon the Company, each of the parties hereto and any assignee of any such party provided, however, that notwithstanding the foregoing, Section 1.2(a) of this Agreement shall
not be amended, waived or terminated pursuant to Section 2.1(c) of this Agreement without the written consent of Atlas Venture Fund VII, L.P. and the written consent of Boulder Venture IV, L.P. and Boulder Ventures IV (Annex), L.P. as stated in
Section 1.2(a); and Section 1.2(b) of this Agreement shall not be amended, waived, or terminated pursuant to Section 2.1(c) of this Agreement without the written consent of the holders of a majority of the Key Holder Shares.
Notwithstanding the foregoing, Section 1.2 of this Agreement may be amended to add holders of Common Stock or Preferred Stock as “Key Holders” or “Investors” hereunder by an instrument in writing signed by the Company
and such holders. 
 3.6 Severability. In the event one or more of the provisions of this Agreement should, for
any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or
unenforceable provision had never been contained herein. 
 3.7 Successors and Assigns. The provisions hereof shall inure
to the benefit of, and be binding upon, the parties hereto and their respective successors, assigns, heirs, executors and administrators and other legal representatives. 
 3.8 Additional Shares. In the event that subsequent to the date of this Agreement any shares or other securities are issued on, or in exchange for, any of the Key Holder Shares or Investor Shares
by reason of any stock dividend, stock split, combination of shares, reclassification or the like, such shares or securities shall be deemed to be Key Holder Shares or Investor Shares, as the case may be, for purposes of this Agreement. 

 

 7. 

 3.9 Additional Investors. Notwithstanding anything to the contrary contained herein,
if the Company shall issue additional shares of its Preferred Stock pursuant to the Purchase Agreement, any purchaser of such shares of Preferred Stock shall become a party to this Agreement by executing and delivering an additional counterpart
signature page to this Agreement and shall be deemed an “Investor” and a party hereunder. 
 3.10 Counterparts;
Facsimile Delivery. This Agreement may be executed in one or more counterparts, each of which will be deemed an original, but all of which together shall constitute one instrument. This Agreement may be delivered via facsimile. 
 3.11 Waiver. No waivers of any breach of this Agreement extended by any party hereto to any other party shall be construed as a
waiver of any rights or remedies of any other party hereto or with respect to any subsequent breach. 
 3.12 Delays or
Omissions. It is agreed that no delay or omission to exercise any right, power or remedy accruing to any party, upon any breach, default or noncompliance by another party under this Agreement shall impair any such right, power or remedy, nor
shall it be construed to be a waiver of any such breach, default or noncompliance, or any acquiescence therein, or of or in any similar breach, default or noncompliance thereafter occurring. It is further agreed that any waiver, permit, consent or
approval of any kind or character on any party’s part of any breach, default or noncompliance under this Agreement or any waiver on such party’s part of any provisions or conditions of the Agreement must be in writing and shall be
effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement by law, or otherwise afforded to any party, shall be cumulative and not alternative. 
 3.13 Attorney’s Fees. In the event that any suit or action is instituted under or in relation to this Agreement, including
without limitation to enforce any provision in this Agreement, the prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect
to this Agreement, including without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals. 
 3.14 Notices. All notices required in connection with this Agreement shall be in writing and shall be deemed effectively given:
(a) upon personal delivery to the party to be notified, (b) when sent by confirmed facsimile if sent during normal business hours of the recipient; if not, then on the next business day, (c) five (5) days after having been sent
by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written notification of receipt. All
communications shall be sent to the holder appearing on the books of the Company or at such address as such party may designate by ten (10) days advance written notice to the other parties hereto. 
  

 8. 

 3.15 Entire Agreement. This Agreement and the Exhibits hereto, along with the
Purchase Agreement and the other documents delivered pursuant thereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof and no party shall be liable or bound to any other in
any manner by any oral or written representations, warranties, covenants and agreements except as specifically set forth herein and therein, provided that the foregoing shall not in any way affect or limit the rights and obligations of CPEC, LLC and
the Company under that certain License and Sublicense Agreement between CPEC, LLC and the Company dated October 28, 2003, as amended by the Amendment dated February 22, 2006. Each party expressly represents and warrants that it is not
relying on any oral or written representations, warranties, covenants or agreements outside of this Agreement. 
 [THIS SPACE
INTENTIONALLY LEFT BLANK] 
  

 9. 

 IN WITNESS WHEREOF, the
parties hereto have executed this VOTING AGREEMENT as of the date first above written. 
  

									
	COMPANY:	 		 	INVESTOR(S):
			
	ARCA DISCOVERY, INC.	 		 	ATLAS VENTURE FUND VII, L.P.
					
	By:	 	  
	 		 	By:	 	Atlas Venture Associates VII, L.P.,
	Print Name:	 	  
	 		 		 	its General Partner
	Title:	 	  
	 		 		 	
		 		 		 	By:	 	Atlas Venture Associates VII, Inc.,
		 		 		 		 	its General Partner
					
		 		 		 	Signature:	 	  

		 		 		 	Print Name:	 	  

		 		 		 	Title:	 	  

		 		 		 		 	(if applicable)
				
		 		 		 	BOULDER VENTURES IV, L.P.
					
		 		 		 	By:	 	Boulder Ventures IV, LLC, its General Partner
					
		 		 		 	Signature:	 	  

		 		 		 	Print Name:	 	  

		 		 		 	Title:	 	  

		 		 		 		 	(if applicable)
				
		 		 		 	BOULDER VENTURES IV (ANNEX), L.P.
					
		 		 		 	By:	 	Boulder Ventures IV, LLC, its General Partner
					
		 		 		 	Signature:	 	  

		 		 		 	Print Name:	 	  

		 		 		 	Title:	 	  

		 		 		 		 	(if applicable)

 VOTING AGREEMENT 
 SIGNATURE PAGE 

			
	PEQUOT SCOUT FUND, L.P.
		
	By:	 	Pequot Capital Management, Inc.,
		 	its Investment Manager
		
	By:	 	  

	Name:	 	Daniel Fishbane
	Title:	 	Chief Financial Officer
	
	PEQUOT MARINER MASTER FUND, L.P.
		
	By:	 	Pequot Capital Management, Inc.,
		 	its Investment Advisor
		
	By:	 	  

	Name:	 	Daniel Fishbane
	Title:	 	Chief Financial Officer

  

			
	THE PEIERLS FOUNDATION, INC.
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

  

	
	  

	E. JEFFREY PEIERLS
	  

	BRIAN ELIOT PEIERLS
	  

	U.D. ETHEL F. PEIERLS CHARITABLE LEAD TRUST
	  

	MICHAEL BRISTOW, M.D.

 VOTING AGREEMENT 
 SIGNATURE PAGE 

			
	LANSING BROWN INVESTMENTS, LLC
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

	
	  

	FRANCIS J. BULLOCK
	  

	KENNETH LAWRENCE WEINER
	  

	ELLEN SAPPINGTON
	  

	GREGORY A. MARTINEZ
	  

	JOSEPH A. LEFKOFF

 VOTING AGREEMENT 
 SIGNATURE PAGE 

			
	KEY HOLDERS:
	
	  

	Michael Bristow, M.D.
	
	MYOGEN, INC.
		
	By:  	 	  

	Print Name:	 	  

	Title:	 	  

	
	  

	Christopher Ozeroff
	
	  

	Timothy D. Hoogheem
	
	  

	J. David Port, Ph.D.
	
	
	UNIVERSITY LICENSE EQUITY HOLDINGS, INC.
		
	 By:
	 	  

	Print Name:	 	  

	Title:	 	  

	
	CPEC, LLC
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

 VOTING AGREEMENT 
 SIGNATURE PAGE 

 EXHIBIT A 
 LIST OF KEY HOLDERS 
  

			
	 Key Holder
	  	Number of Shares
	Michael Bristow, M.D.	  	   776,580
		
	Myogen, Inc.	  	   614,834
		
	Christopher Ozeroff	  	   107,000
		
	Timothy D. Hoogheem	  	     70,000
		
	J. David Port, Ph.D.	  	     37,000
		
	University License Equity Holdings, Inc.	  	     47,905
		
	Boulder Ventures IV, L.P.	  	     69,386
		
	Boulder Ventures IV (Annex), L.P.	  	1,047,937
		
	CPEC, LLC	  	   400,000

 EXHIBIT B 
 LIST OF INVESTORS 
 Atlas Venture Fund VII, L.P. 
 Boulder Ventures IV, L.P. 
 Boulder Ventures IV
(Annex), L.P. 
 E. Jeffrey Peierls 
 Brian Eliot Peierls 
 U.D. Ethel F. Peierls Charitable Lead Trust 
 The Peierls Foundation, Inc. 
 Lansing Brown Investments, LLC 
 Francis J. Bullock 
 Kenneth Lawrence Weiner

 Ellen Sappington 
 Pequot Scout
Fund, L.P. 
 Pequot Mariner Master Fund, L.P. 
 Gregory A. Martinez 
 Joseph A. Lefkoff 

 Exhibit C 
 Investor Rights Agreement 

 ARCA DISCOVERY, INC. 
 INVESTOR RIGHTS AGREEMENT 

					
	 SECTION 1. GENERAL.
	  	1
	 1.1
	    	Definitions	  	1
	 SECTION 2. REGISTRATION; RESTRICTIONS ON TRANSFER
	  	3
	 2.1
	    	Restrictions on Transfer	  	3
	 2.2
	    	Demand Registration	  	4
	 2.3
	    	Piggyback Registrations	  	6
	 2.4
	    	Form S-3 Registration	  	7
	 2.5
	    	Expenses of Registration	  	8
	 2.6
	    	Obligations of the Company	  	8
	 2.7
	    	Delay of Registration; Furnishing Information	  	10
	 2.8
	    	Indemnification	  	11
	 2.9
	    	Assignment of Registration Rights	  	13
	 2.10
	    	Limitation on Subsequent Registration Rights	  	13
	 2.11
	    	“Market Stand-Off” Agreement	  	14
	 2.12
	    	Agreement to Furnish Information	  	14
	 2.13
	    	Rule 144 Reporting	  	14
	 SECTION 3. COVENANTS OF THE COMPANY
	  	15
	 3.1
	    	Basic Financial Information and Reporting	  	15
	 3.2
	    	Inspection Rights	  	16
	 3.3
	    	Confidentiality of Records	  	16
	 3.4
	    	Reservation of Common Stock	  	16
	 3.5
	    	Stock Vesting	  	16
	 3.6
	    	Key Man Insurance	  	16
	 3.7
	    	Director and Officer Insurance	  	16
	 3.8
	    	Proprietary Information and Inventions Agreement	  	16
	 3.9
	    	Directors’ Liability and Indemnification	  	17
	 3.10
	    	Successor Indemnification	  	17
	 3.11
	    	Repurchase of Securities	  	17
	 3.12
	    	Termination of Covenants	  	17
	 SECTION 4. RIGHTS OF FIRST REFUSAL
	  	17
	 4.1
	    	Subsequent Offerings	  	17
	 4.2
	    	Exercise of Rights	  	18
	 4.3
	    	Issuance of Equity Securities to Other Persons	  	18
	 4.4
	    	Termination and Waiver of Rights of First Refusal	  	18
	 4.5
	    	Assignment of Rights of First Refusal	  	18
	 4.6
	    	Excluded Securities	  	19
	 SECTION 5. MISCELLANEOUS
	  	20
	 5.1
	    	Governing Law	  	20
	 5.2
	    	Successors and Assigns	  	20
	 5.3
	    	Entire Agreement	  	20
	 5.4
	    	Severability	  	20
	 5.5
	    	Amendment and Waiver	  	20
	 5.6
	    	Delays or Omissions	  	21
	 5.7
	    	Notices	  	21
	 5.8
	    	Attorneys’ Fees	  	21
	 5.9
	    	Titles and Subtitles	  	21

  

 i 

					
	 5.10
	    	Additional Investors	  	21
	 5.11
	    	Counterparts; Facsimile Delivery	  	21
	 5.12
	    	Aggregation of Stock	  	22
	 5.13
	    	Pronouns	  	22
	 5.14
	    	Termination	  	22

  

 ii 

 EXECUTION VERSION 
 ARCA Discovery, Inc. 
 INVESTOR RIGHTS AGREEMENT

 THIS INVESTOR RIGHTS AGREEMENT (the
“Agreement”) is entered into as of the 22nd day of February, 2006, by and among ARCA Discovery, Inc. a Delaware corporation (the “Company”), the investors listed on Exhibit A hereto, referred to hereinafter as the “Investors” and each
individually as an “Investor.” 
 RECITALS 
 WHEREAS, certain Investors are purchasing shares of the Company’s Series A Preferred Stock (the “Series A
Stock”) pursuant to that certain Series A Preferred Stock Purchase Agreement (the “Purchase Agreement”) of even date herewith (the “Financing”) and certain Investors are owners of
shares of the Company’s Common Stock; 
 WHEREAS, the obligations in the Purchase Agreement are conditioned upon the
execution and delivery of this Agreement; and 
 WHEREAS, in connection with the consummation of the Financing, the
parties desire to enter into this Agreement in order to grant registration, information rights and other rights to the Investors as set forth below. 
 NOW, THEREFORE, in consideration of these premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 1. GENERAL. 
 1.1 Definitions. As used in this Agreement the following terms shall have the following respective meanings: 
 (a) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (b)
“Form S-3” means such form under the Securities Act as in effect on the date hereof or any successor or similar registration form under the Securities Act subsequently adopted by the SEC which permits inclusion or
incorporation of substantial information by reference to other documents filed by the Company with the SEC. 
 (c)
“Holder” means any person owning of record Registrable Securities that have not been sold to the public or any assignee of record of such Registrable Securities in accordance with Section 2.9 hereof. 
 (d) “Initial Offering” means the Company’s first firm commitment underwritten public offering of its Common
Stock registered under the Securities Act. 
 (e) “Register,” “registered,” and
“registration” refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of effectiveness of such registration statement or
document. 
  

 1. 

 (f) “Registrable Securities” means (i) any Common Stock of
the Company issuable or issued upon conversion of the Shares, (ii) any Common Stock of the Company, and (iii) any Common Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or other security
which is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of, such above-described securities. Notwithstanding the foregoing, Registrable Securities shall not include any securities (A) sold by a
person to the public either pursuant to a registration statement or Rule 144, (B) sold in a private transaction in which the transferor’s rights under Section 2 of this Agreement are not assigned or (C) held by a Holder (together
with its affiliates) if, as reflected on the Company’s list of stockholders, such Holder (together with its affiliates) holds less than one percent (1%) of the Company’s outstanding Common Stock (treating all shares of Preferred Stock
on an as converted basis), the Company has completed its Initial Offering and all shares of Common Stock of the Company issuable or issued upon conversion of the Shares held by and issuable to such Holder (and its affiliates) may be sold pursuant to
Rule 144 during any ninety (90) day period. 
 (g) “Registrable Securities then outstanding” shall
be the number of shares of the Company’s Common Stock that are Registrable Securities and either (i) are then issued and outstanding or (ii) are issuable pursuant to then exercisable or convertible securities. 
 (h) “Registration Expenses” shall mean all expenses incurred by the Company in complying with Sections 2.2, 2.3
and 2.4 hereof, including, without limitation, all registration and filing fees, printing expenses, reasonable fees and disbursements of a single special counsel for the Holders, blue sky fees and expenses and the expense of any special audits
incident to or required by any such registration (but excluding the compensation of regular employees of the Company which shall be paid in any event by the Company). 
 (i) “SEC” or “Commission” means the Securities and Exchange Commission. 
 (j) “Securities Act” shall mean the Securities Act of 1933, as amended. 
 (k) “Selling Expenses” shall mean all underwriting discounts and selling commissions applicable to the sale. 
 (l) “Shares” shall mean the Company’s Series A Stock issued pursuant to the Purchase Agreement held from
time to time by the Investors listed on Exhibit A hereto and their permitted assigns. 
 (m) “Special
Registration Statement” shall mean (i) a registration statement relating to any employee benefit plan or (ii) with respect to any corporate reorganization or transaction under Rule 145 of the Securities Act, any
registration statements related to the issuance or resale of securities issued in such a transaction or (iii) a registration related to stock issued upon conversion of debt securities. 
 (n) “Strategic Alliance Agreement” shall mean that certain Strategic Alliance Agreement,
dated as of October 7, 2005, by and between Myogen, Inc. and the Company, including all exhibits thereto. 
  

 2. 

 2. REGISTRATION; RESTRICTIONS ON TRANSFER. 
 2.1 Restrictions on Transfer. 
 (a) Each Holder agrees not to make any disposition of all or any portion of the Shares or Registrable Securities unless and until: 
 (i) there is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition is
made in accordance with such registration statement; or 
 (ii)(A) the transferee has agreed in writing to be bound by the
terms of this Agreement, (B) such Holder shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and (C) if
reasonably requested by the Company, such Holder shall have furnished the Company with an opinion of counsel, reasonably satisfactory to the Company, that such disposition will not require registration of such shares under the Securities Act. It is
agreed that the Company will not require opinions of counsel for transactions made pursuant to Rule 144, except in unusual circumstances. After its Initial Offering, the Company will not require any transferee pursuant to Rule 144 to be bound by the
terms of this Agreement if the shares so transferred do not remain Registrable Securities hereunder following such transfer. 
 (b) Notwithstanding the provisions of subsection (a) above, no such restriction shall apply to a transfer by a Holder that is (A) a partnership transferring to its partners or former partners in accordance with partnership
interests, (B) a corporation transferring to a wholly-owned subsidiary or a parent corporation that owns all of the capital stock of the Holder, (C) a limited liability company transferring to its members or former members in accordance
with their interest in the limited liability company, (D) a venture capital fund now or hereafter existing that is controlled by or under common control with one (1) or more general partners or managing members of, or shares the same
management company with any Holder, or (E) an individual transferring to the Holder’s family member or trust for the benefit of an individual Holder; provided that in each case the transferee will agree in writing to be subject to
the terms of this Agreement to the same extent as if he were an original Holder hereunder. 
 (c) Each certificate representing
Shares or Registrable Securities shall be stamped or otherwise imprinted with legends substantially similar to the following (in addition to any legend required under applicable state securities laws): 
 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT
BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT SUCH REGISTRATION IS NOT
REQUIRED. 
  

 3. 

 THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN INVESTOR RIGHTS AGREEMENT BY AND BETWEEN THE STOCKHOLDER AND THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY. 
 (d) The Company shall be obligated to reissue promptly unlegended certificates at the request of any Holder thereof if the Company has
completed its Initial Offering and the Holder shall have obtained an opinion of counsel (which counsel may be counsel to the Company) reasonably acceptable to the Company to the effect that the securities proposed to be disposed of may lawfully be
so disposed of without registration, qualification and legend, provided that the second legend listed above shall be removed only at such time as the Holder of such certificate is no longer subject to any restrictions hereunder. 

(e) Any legend endorsed on an instrument pursuant to applicable state securities laws and the stop-transfer instructions with respect to
such securities shall be removed upon receipt by the Company of an order of the appropriate blue sky authority authorizing such removal. 
 2.2 Demand Registration. 
 (a) Subject to the conditions of this
Section 2.2, if the Company shall receive a written request from the Holders of at least seventy-five percent (75%) of the Registrable Securities (the “Initiating Holders”) that the Company file a registration
statement under the Securities Act covering the registration of at least a majority of the Registrable Securities then outstanding (or a lesser percent if the anticipated aggregate offering price, net of underwriting discounts and commissions, would
exceed five million dollars ($5,000,000), then the Company shall, within thirty (30) days of the receipt thereof, give written notice of such request to all Holders, and subject to the limitations of this Section 2.2, effect, as
expeditiously as reasonably possible, the registration under the Securities Act of all Registrable Securities that all Holders request to be registered. 
 (b) If the Initiating Holders intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made
pursuant to this Section 2.2 or any request pursuant to Section 2.4 and the Company shall include such information in the written notice referred to in Section 2.2(a) or Section 2.4(a), as applicable. In such event, the right of
any Holder to include its Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent
provided herein. All Holders proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting by the Holders of a
majority of the Registrable

  

 4. 

 
Securities held by all Initiating Holders (which underwriter or underwriters shall be reasonably acceptable to the Company). Notwithstanding any other provision of this Section 2.2 or
Section 2.4, if the underwriter advises the Company that marketing factors require a limitation of the number of securities to be underwritten (including Registrable Securities) then the Company shall so advise all Holders of Registrable
Securities that would otherwise be underwritten pursuant hereto, and the number of shares that may be included in the underwriting shall be allocated to the Holders of such Registrable Securities on a pro rata basis based on the number of
Registrable Securities held by all such Holders (including the Initiating Holders); provided, however, that the number of Registrable Securities to be included in such underwriting and registration shall not be reduced unless all other
securities of the Company are first entirely excluded from the underwriting and registration. Any Registrable Securities excluded or withdrawn from such underwriting shall be withdrawn from the registration. 
 (c) The Company shall not be required to effect a registration pursuant to this Section 2.2: 
 (i) prior to the earlier of (A) the third anniversary of the date of this Agreement or (B) six (6) months following the
Initial Offering; 
 (ii) after the Company has effected two (2) registrations pursuant to this Section 2.2, and such
registrations have been declared or ordered effective; 
 (iii) during the period starting with the date of filing of, and
ending on the date one hundred eighty (180) days following the effective date of the registration statement pertaining to a public offering (or such longer period as may be determined pursuant to Section 2.11 hereof) other than pursuant to
a Special Registration Statement; provided that the Company makes reasonable good faith efforts to cause such registration statement to become effective; 
 (iv) if within thirty (30) days of receipt of a written request from Initiating Holders pursuant to Section 2.2(a), the Company gives notice to the Holders of the Company’s intention to
file a registration statement for its Initial Offering within ninety (90) days; 
 (v) if the Company shall furnish to
Holders requesting a registration statement pursuant to this Section 2.2 a certificate signed by the Chairman of the Board stating that in the good faith judgment of the Board of Directors of the Company, it would be seriously detrimental to
the Company and its stockholders for such registration statement to be effected at such time, in which event the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of
the Initiating Holders; provided that such right to delay a request shall be exercised by the Company not more than once in any twelve (12) month period; 
 (vi) if the Initiating Holders propose to dispose of Registrable Securities that may be immediately registered on Form S-3 pursuant to a request made pursuant to Section 2.4 below; or

  

 5. 

 (vii) in any particular jurisdiction in which the Company would be required to qualify to
do business or to execute a general consent to service of process in effecting such registration, qualification or compliance. 
 2.3 Piggyback Registrations. The Company shall notify all Holders of Registrable Securities in writing at least fifteen (15) days prior to the filing of any registration statement under the Securities Act for purposes of a
public offering of securities of the Company (including, but not limited to, registration statements relating to secondary offerings of securities of the Company, but excluding Special Registration Statements) and will afford each such Holder an
opportunity to include in such registration statement all or part of such Registrable Securities held by such Holder. Each Holder desiring to include in any such registration statement all or any part of the Registrable Securities held by it shall,
within fifteen (15) days after the above-described notice from the Company, so notify the Company in writing. Such notice shall state the intended method of disposition of the Registrable Securities by such Holder. If a Holder decides not to
include all of its Registrable Securities in any registration statement thereafter filed by the Company, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any subsequent registration statement or
registration statements as may be filed by the Company with respect to offerings of its securities, all upon the terms and conditions set forth herein. 
 (a) Underwriting. If the registration statement of which the Company gives notice under this Section 2.3 is for an underwritten offering, the Company shall so advise the Holders of Registrable
Securities. In such event, the right of any such Holder to include Registrable Securities in a registration pursuant to this Section 2.3 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such
Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary form with the
underwriter or underwriters selected for such underwriting by the Company. Notwithstanding any other provision of this Agreement, if the underwriter determines in good faith that marketing factors require a limitation of the number of shares to be
underwritten, the number of shares that may be included in the underwriting shall be allocated, first, to the Company; second, to the Holders on a pro rata basis based on the total number of Registrable Securities held by the Holders; and
third, to any stockholder of the Company (other than a Holder) on a pro rata basis; provided, however, that no such reduction shall reduce the amount of securities of the selling Holders included in the registration below thirty percent
(30%) of the total amount of securities included in such registration, unless such offering is the Initial Offering and such registration does not include shares of any other selling stockholders, in which event any or all of the Registrable
Securities of the Holders may be excluded in accordance with the immediately preceding clause. In no event will shares of any other selling stockholder be included in such registration that would reduce the number of shares which may be included by
Holders without the written consent of Holders of not less than seventy-five percent (75%) of the Registrable Securities proposed to be sold in the offering. If any Holder disapproves of the terms of any such underwriting, such Holder may elect
to withdraw therefrom by written notice to the Company and the underwriter, delivered at least ten (10) business days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such
underwriting shall be excluded and withdrawn from the registration. For any Holder which is a partnership, limited liability company or corporation, the partners, retired

  

 6. 

 
partners, members, retired members and stockholders of such Holder, or the estates and family members of any such partners, retired partners, members and retired members and any trusts for the
benefit of any of the foregoing person shall be deemed to be a single “Holder,” and any pro rata reduction with respect to such “Holder” shall be based upon the aggregate amount of shares carrying registration rights owned
by all entities and individuals included in such “Holder,” as defined in this sentence. 
 (b) Right to Terminate
Registration. The Company shall have the right to terminate or withdraw any registration initiated by it under this Section 2.3 whether or not any Holder has elected to include securities in such registration, and shall promptly notify any
Holder that has elected to include shares in such registration of such termination or withdrawal. The Registration Expenses of such withdrawn registration shall be borne by the Company in accordance with Section 2.5 hereof. 
 2.4 Form S-3 Registration. In case the Company shall receive from any Holder or Holders of Registrable Securities a written request
or requests that the Company effect a registration on Form S-3 (or any successor to Form S-3) or any similar short-form registration statement and any related qualification or compliance with respect to all or a part of the Registrable
Securities owned by such Holder or Holders, the Company will: 
 (a) promptly give written notice of the proposed registration,
and any related qualification or compliance, to all other Holders of Registrable Securities; and 
 (b) as soon as practicable,
effect such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holder’s or Holders’ Registrable Securities as are
specified in such request, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written
notice from the Company; provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance pursuant to this Section 2.4: 
 (i) if Form S-3 is not available for such offering by the Holders, or 
 (ii) if the Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration, propose
to sell Registrable Securities and such other securities (if any) at an aggregate price to the public of less than one million dollars ($1,000,000), or 
 (iii) if within thirty (30) days of receipt of a written request from any Holder or Holders pursuant to this Section 2.4, the Company gives notice to such Holder or Holders of the Company’s
intention to make a public offering within ninety (90) days, other than pursuant to a Special Registration Statement, or 
 (iv) if the Company shall furnish to the Holders a certificate signed by the Chairman of the Board of Directors of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be seriously
detrimental to the Company and its stockholders for such Form S-3 registration to be effected at such time, in which event the

  

 7. 

 
Company shall have the right to defer the filing of the Form S-3 registration statement for a period of not more than one hundred twenty (120) days after receipt of the request of the
Holder or Holders under this Section 2.4; provided, that such right to delay a request shall be exercised by the Company not more than once in any twelve (12) month period, or 
 (v) if the Company has, within the twelve (12) month period preceding the date of such request, already effected two
(2) registrations on Form S-3 for the Holders pursuant to this Section 2.4, or 
 (vi) in any particular
jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance. 
 (c) Subject to the foregoing, the Company shall file a Form S-3 registration statement covering the Registrable Securities and other
securities so requested to be registered as soon as practicable after receipt of the requests of the Holders. Registrations effected pursuant to this Section 2.4 shall not be counted as demands for registration or registrations effected
pursuant to Section 2.2. 
 2.5 Expenses of Registration. Except as specifically provided herein, all Registration
Expenses incurred in connection with any registration, qualification or compliance pursuant to Section 2.2, 2.3 or 2.4 herein shall be borne by the Company. All Selling Expenses incurred in connection with any registrations hereunder, shall be
borne by the holders of the securities so registered pro rata on the basis of the number of shares so registered. The Company shall not, however, be required to pay for expenses of any registration proceeding begun pursuant to
Section 2.2 or 2.4, the request of which has been subsequently withdrawn by the Initiating Holders unless (a) the withdrawal is based upon material adverse information concerning the Company of which the Initiating Holders were not aware
at the time of such request or (b) the Holders of a majority of Registrable Securities agree to deem such registration to have been effected as of the date of such withdrawal for purposes of determining whether the Company shall be obligated
pursuant to Section 2.2(c) or 2.4(b)(v), as applicable, to undertake any subsequent registration, in which event such right shall be forfeited by all Holders). If the Holders are required to pay the Registration Expenses, such expenses shall be
borne by the holders of securities (including Registrable Securities) requesting such registration in proportion to the number of shares for which registration was requested. If the Company is required to pay the Registration Expenses of a withdrawn
offering pursuant to clause (a) above, then such registration shall not be deemed to have been effected for purposes of determining whether the Company shall be obligated pursuant to Section 2.2(c) or 2.4(b)(v), as applicable, to undertake
any subsequent registration. 
 2.6 Obligations of the Company. Whenever required to effect the registration of any
Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
 (a) Prepare and file with the SEC a
registration statement with respect to such Registrable Securities and use all reasonable efforts to cause such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered
thereunder, keep such registration statement effective for up to thirty (30) days or, if

  

 8. 

 
earlier, until the Holder or Holders have completed the distribution related thereto; provided, however, that at any time, upon written notice to the participating Holders and for a period not to
exceed sixty (60) days thereafter (the “Suspension Period”), the Company may delay the filing or effectiveness of any registration statement or suspend the use or effectiveness of any registration statement (and the
Initiating Holders hereby agree not to offer or sell any Registrable Securities pursuant to such registration statement during the Suspension Period) if the Company reasonably believes that there is or may be in existence material nonpublic
information or events involving the Company, the failure of which to be disclosed in the prospectus included in the registration statement could result in a Violation (as defined below). In the event that the Company shall exercise its right to
delay or suspend the filing or effectiveness of a registration hereunder, the applicable time period during which the registration statement is to remain effective shall be extended by a period of time equal to the duration of the Suspension Period.
The Company may extend the Suspension Period for an additional consecutive sixty (60) days with the consent of the holders of seventy-five percent (75%) of the Registrable Securities registered under the applicable registration statement,
which consent shall not be unreasonably withheld. No more than one (1) such Suspension Period shall occur in any twelve (12) month period. If so directed by the Company, all Holders registering shares under such registration statement
shall (i) not offer to sell any Registrable Securities pursuant to the registration statement during the period in which the delay or suspension is in effect after receiving notice of such delay or suspension, and (ii) use their best
efforts to deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Holders’ possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such
notice. Notwithstanding the foregoing, the Company shall not be required to file, cause to become effective or maintain the effectiveness of any registration statement other than a registration statement on Form S-3 that contemplates a distribution
of securities on a delayed or continuous basis pursuant to Rule 415 under the Securities Act. 
 (b) Prepare and file with
the SEC such amendments and supplements to such registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of
all securities covered by such registration statement for the period set forth in subsection (a) above. 
 (c) Furnish to
the Holders such number of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of
Registrable Securities owned by them. 
 (d) Use its reasonable efforts to register and qualify the securities covered by such
registration statement under such other securities or Blue Sky laws of such jurisdictions as shall be reasonably requested by the Holders; provided that the Company shall not be required in connection therewith or as a condition thereto to
qualify to do business or to file a general consent to service of process in any such states or jurisdictions. 
 (e) In the
event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter(s) of such offering. Each Holder participating in such underwriting shall
also enter into and perform its obligations under such an agreement. 
  

 9. 

 (f) Notify each Holder of Registrable Securities covered by such registration statement at
any time when a prospectus relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue
statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. The Company will amend or supplement such
prospectus in order to cause such prospectus not to include any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances then existing. 
 (g) Use its reasonable efforts to furnish, on the date that such Registrable Securities are
delivered to the underwriters for sale, if such securities are being sold through underwriters, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is
customarily given to underwriters in an underwritten public offering, addressed to the underwriters, if any, and (ii) a letter, dated as of such date, from the independent certified public accountants of the Company, in form and substance as is
customarily given by independent certified public accountants to underwriters in an underwritten public offering addressed to the underwriters. 
 (h) Use its reasonable efforts to cause all such Registrable Securities covered by such registration statement to be listed on a national securities exchange or trading system and each securities exchange
and trading system (if any) on which similar securities issued by the Company are then listed. 
 (i) Provide a transfer agent
and registrar for all Registrable Securities registered pursuant to this Agreement and provide a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration. 
 (j) Promptly make available for inspection by the selling Holders, any underwriter participating in any disposition pursuant to such
registration statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling Holders, all financial and other records, pertinent corporate documents, and properties of the Company, and cause the
Company’s officers, directors, employees, and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant, or agent in connection with any such registration statement. 

2.7 Delay of Registration; Furnishing Information. 
 (a) No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the
interpretation or implementation of this Section 2. 
 (b) It shall be a condition precedent to the obligations of the
Company to take any action pursuant to Section 2.2, 2.3 or 2.4 that the selling Holders shall furnish to the

  

 10. 

 
Company such information regarding themselves, the Registrable Securities held by them and the intended method of disposition of such securities as shall be required to effect the registration of
their Registrable Securities. 
 (c) The Company shall have no obligation with respect to any registration requested pursuant to
Section 2.2 or Section 2.4 if the number of shares or the anticipated aggregate offering price of the Registrable Securities to be included in the registration does not equal or exceed the number of shares or the anticipated aggregate
offering price required to originally trigger the Company’s obligation to initiate such registration as specified in Section 2.2 or Section 2.4, whichever is applicable. 
 2.8 Indemnification. In the event any Registrable Securities are included in a registration statement under Sections 2.2, 2.3 or
2.4: 
 (a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder, the partners, members,
officers and directors of each Holder, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act, against any
losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”) by the Company: (i) any untrue statement or alleged untrue statement of a material fact
contained in such registration statement or incorporated reference therein, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state
therein a material fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any state securities law or
any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities law in connection with the offering covered by such registration statement; and the Company will reimburse each such Holder, partner, member,
officer, director, underwriter or controlling person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the
indemnity agreement contained in this Section 2.8(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company, which consent shall not
be unreasonably withheld, nor shall the Company be liable in any such case for any such loss, claim, damage, liability or action to the extent that it arises out of or is based upon a Violation which occurs in reliance upon and in conformity with
written information furnished expressly for use in connection with such registration by such Holder, partner, member, officer, director, underwriter or controlling person of such Holder. 
 (b) To the extent permitted by law, each Holder will, if Registrable Securities held by such Holder are included in the securities as to
which such registration qualifications or compliance is being effected, indemnify and hold harmless the Company, each of its directors, its officers and each person, if any, who controls the Company within the meaning of the Securities Act, any
underwriter and any other Holder selling securities under such registration

  

 11. 

 
statement or any of such other Holder’s partners, directors or officers or any person who controls such Holder, against any losses, claims, damages or liabilities (joint or several) to which
the Company or any such director, officer, controlling person, underwriter or other such Holder, or partner, director, officer or controlling person of such other Holder may become subject under the Securities Act, the Exchange Act or other federal
or state law, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any of the following statements: (i) any untrue statement or alleged untrue statement of a material fact
contained in such registration statement or incorporated reference therein, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state
therein a material fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Securities Act (collectively, a “Holder
Violation”), in each case to the extent (and only to the extent) that such Holder Violation occurs in reliance upon and in conformity with written information furnished by such Holder under an instrument duly executed by such Holder and
stated to be specifically for use in connection with such registration; and each such Holder will reimburse any legal or other expenses reasonably incurred by the Company or any such director, officer, controlling person, underwriter or other
Holder, or partner, officer, director or controlling person of such other Holder in connection with investigating or defending any such loss, claim, damage, liability or action if it is judicially determined that there was such a Holder Violation;
provided, however, that the indemnity agreement contained in this Section 2.8(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the
Holder, which consent shall not be unreasonably withheld; provided further, that in no event shall any indemnity under this Section 2.8 exceed the net proceeds from the offering received by such Holder. 
 (c) Promptly after receipt by an indemnified party under this Section 2.8 of notice of the commencement of any action (including any
governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2.8, deliver to the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the
parties; provided, however, that an indemnified party shall have the right to retain its own counsel, with the fees and expenses thereof to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained
by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the
indemnifying party within a reasonable time of the commencement of any such action shall relieve such indemnifying party of any liability to the indemnified party under this Section 2.8 to the extent, and only to the extent, prejudicial to its
ability to defend such action, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.8. 
 (d) If the indemnification provided for in this Section 2.8 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any losses, claims, damages or liabilities referred to herein, the indemnifying party, in lieu of indemnifying

  

 12. 

 
such indemnified party thereunder, shall to the extent permitted by applicable law contribute to the amount paid or payable by such indemnified party as a result of such loss, claim, damage or
liability in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other in connection with the Violation(s) or Holder Violation(s) that resulted in such loss,
claim, damage or liability, as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by a court of law by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission; provided, that in no event shall any contribution by a Holder hereunder exceed the net proceeds from the offering received by such Holder. 
 (e) The obligations of the Company and Holders under this Section 2.8 shall survive completion of any offering of Registrable
Securities in a registration statement and, with respect to liability arising from an offering to which this Section 2.8 would apply that is covered by a registration filed before termination of this Agreement, such termination. No indemnifying
party, in the defense of any such claim or litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the
claimant or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or litigation. 
 2.9 Assignment of Registration Rights. The rights to cause the Company to register Registrable Securities pursuant to this Section 2 may be assigned by a Holder to a transferee or assignee of Registrable Securities (for so long
as such shares remain Registrable Securities) that (a) is a subsidiary, parent, general partner, limited partner, retired partner, member or retired member, or stockholder of a Holder that is a corporation, partnership or limited liability
company, (b) is a Holder’s family member or trust for the benefit of an individual Holder, (c) acquires at least seventy-five thousand (75,000) Registrable Securities (as adjusted for stock splits and combinations) whether in one
(1) or more transactions, or (d) is an entity affiliated by common control (or other related entity) with such Holder provided, however, (i) the transferor shall, within ten (10) days after such transfer, furnish to the
Company written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned and (ii) such transferee shall agree to be subject to all restrictions set forth
in this Agreement. 
 2.10 Limitation on Subsequent Registration Rights. Other than as provided in Section 5.10,
after the date of this Agreement, the Company shall not enter into any agreement with any holder or prospective holder of any securities of the Company that would grant such holder rights to demand the registration of shares of the Company’s
capital stock, or to include such shares in a registration statement that would reduce the number of shares includable by the Holders that are senior to or on parity with those granted to the Holders hereunder without the prior written consent of
the Holders of not less than seventy-five percent (75%) of the Registrable Securities. 
  

 13. 

 2.11 “Market Stand-Off” Agreement. Each Holder hereby agrees that such
Holder shall not sell, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any Common Stock (or other securities) of the Company held by
such Holder as of the effective time of the Initial Offering (other than those included in the registration) for the one hundred eighty (180) day period following the effective date of the Initial Offering (or such longer period, not to exceed
eighteen (18) days after the expiration of the one hundred eighty (180) day period, as the underwriters or the Company shall request in order to facilitate compliance with NASD Rule 2711); provided, that, with respect to the above, all
officers and directors of the Company and holders of at least one percent (1%) of the Company’s voting securities are bound by and have entered into similar agreements. The obligations described in this Section 2.11 shall not apply to
a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a transaction on Form S-4 or similar forms that may be promulgated in the
future. 
 2.12 Agreement to Furnish Information. Each Holder agrees to execute and deliver such other agreements as may
be reasonably requested by the Company or the underwriter that are consistent with the Holder’s obligations under Section 2.11 or that are necessary to give further effect thereto. In addition, if requested by the Company or the
representative of the underwriters of Common Stock (or other securities) of the Company, each Holder shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection
with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Securities Act. The obligations described in Section 2.11 and this Section 2.12 shall not apply to a Special
Registration Statement. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of said day period. Each Holder agrees that any transferee
of any Registrable Securities shall be bound by Sections 2.11 and 2.12. The underwriters of the Company’s stock are intended third party beneficiaries of Sections 2.11 and 2.12 and shall have the right, power and authority to enforce the
provisions hereof as though they were a party hereto. 
 2.13 Rule 144 Reporting. With a view to making available to the
Holders the benefits of certain rules and regulations of the SEC which may permit the sale of the Registrable Securities to the public without registration, the Company agrees to use its best efforts to: 
 (a) Make and keep public information available, as those terms are understood and defined in SEC Rule 144 or any similar or analogous
rule promulgated under the Securities Act, at all times after the effective date of the first registration filed by the Company for an offering of its securities to the general public; 
 (b) File with the SEC, in a timely manner, all reports and other documents required of the Company under the Exchange Act; and 

(c) So long as a Holder owns any Registrable Securities, furnish to such Holder forthwith upon request: a written statement by the
Company as to its compliance with the reporting requirements of said Rule 144 of the Securities Act, and of the Exchange Act (at any time after it has become subject to such reporting requirements); a copy of the most recent annual or quarterly
report of the Company filed with the Commission; and such other reports and documents as a Holder may reasonably request in connection with availing itself of any rule or regulation of the SEC allowing it to sell any such securities without
registration. 
  

 14. 

 3. COVENANTS OF THE COMPANY. 
 3.1 Basic Financial Information and Reporting. 
 (a) The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and
administered in accordance with generally accepted accounting principles consistently applied (except as noted therein), and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting
principles consistently applied. 
 (b) As soon as practicable after the end of each fiscal year of the Company, and in any
event within one hundred eighty (180) days thereafter, the Company will furnish each Investor who holds at least one hundred thousand (100,000) Registrable Securities (as adjusted for stock splits and combinations) (each, a “Major
Holder”) a balance sheet of the Company, as at the end of such fiscal year and a statement of income and a statement of cash flows of the Company, for such year, all prepared in accordance with generally accepted accounting principles
consistently applied (except as noted therein) and setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail. Such financial statements shall be accompanied by a report and opinion thereon by
independent public accountants of national standing selected by the Company’s Board of Directors. Notwithstanding the above, (i) the Company will furnish each Investor unaudited financial statements within ninety (90) days after the
end of each fiscal year and (ii) the audit report for fiscal year 2005 need not be delivered to each Major Holder until such date as the Company is obligated to furnish the audited financial statements for fiscal year 2006. The first audited
financial statements to be delivered by the Company will be for fiscal year 2006, which will include an audited balance sheet from fiscal year 2005. 
 (c) The Company will furnish each Major Holder, as soon as practicable after the end of the first, second and third quarterly accounting periods in each fiscal year of the Company, and in any event within
forty-five (45) days thereafter, a balance sheet of the Company as of the end of each such quarterly period, and a statement of income and a statement of cash flows of the Company for such period and for the current fiscal year to date,
prepared in accordance with generally accepted accounting principles consistently applied (except as noted therein), with the exception that no notes need be attached to such statements and year-end audit adjustments may not have been made.

 (d) The Company will furnish each Major Holder: (i) at least thirty (30) days prior to the beginning of each fiscal
year an annual budget and operating plans for such fiscal year (and as soon as available, any subsequent written revisions thereto); and (ii) as soon as practicable after the end of each month, and in any event within thirty (30) days
thereafter, a balance sheet of the Company as of the end of each such month, and a statement of income and a statement of cash flows of the Company for such month and for the current fiscal year to date, including a comparison to plan figures for
such period. 
  

 15. 

 3.2 Inspection Rights. Each Major Holder shall have the right to visit and inspect
any of the properties of the Company or any of its subsidiaries, and to discuss the affairs, finances and accounts of the Company or any of its subsidiaries with its officers, and to review such information as is reasonably requested all at such
reasonable times and as often as may be reasonably requested; provided, however, that the Company shall not be obligated under this Section 3.2 with respect to a competitor of the Company or with respect to information which the Board of
Directors determines in good faith is confidential or attorney-client privileged and should not, therefore, be disclosed. 
 3.3 Confidentiality of Records. Each Investor agrees to use the same degree of care as such Investor uses to protect its own confidential information to keep confidential any information furnished to such Investor pursuant to
Sections 3.1 and 3.2 hereof that the Company identifies as being confidential or proprietary (so long as such information is not in the public domain), except that such Investor may disclose such proprietary or confidential information
(a) to any partner, subsidiary or parent of such Investor as long as such partner, subsidiary or parent is bound by confidentiality restrictions comparable to this Section 3.3; (b) at such time as it enters the public domain through
no fault of such Investor; (c) that is communicated to it free of any obligation of confidentiality; (d) that is developed by Investor or its agents independently of and without reference to any confidential information communicated by the
Company; or (e) as required by applicable law or legal process. 
 3.4 Reservation of Common Stock. The Company will
at all times reserve and keep available, solely for issuance and delivery upon the conversion of the Preferred Stock, all Common Stock issuable from time to time upon such conversion. 
 3.5 Stock Vesting. Unless otherwise approved by the Board of Directors (including the directors elected by the holders of Shares),
all stock options and other stock equivalents issued after the date of this Agreement to employees, directors, consultants and other service providers shall be subject to vesting as follows: (a) twenty-five percent (25%) of such stock
shall vest at the end of the first year following the earlier of the date of issuance or such person’s services commencement date with the Company, and (b) seventy-five percent (75%) of such stock shall vest over the remaining three
(3) years. 
 3.6 Key Man Insurance. Subject to the approval of the Board of Directors, the Company will use its
best efforts to obtain and maintain in full force and effect term life insurance in the amount of one million dollars ($1,000,000) on the life of Dr. Michael Bristow, naming the Company as beneficiary. 
 3.7 Director and Officer Insurance. The Company will use its best efforts to obtain and maintain in full force and effect director
and officer liability insurance in the amount of three million dollars ($3,000,000). 
 3.8 Proprietary Information and
Inventions Agreement. The Company shall require all employees to execute and deliver a Proprietary Information and Inventions Agreement substantially in the forms attached to the Purchase Agreement or as otherwise approved by the Investors.

  

 16. 

 3.9 Directors’ Liability and Indemnification. The Company’s Amended and
Restated Certificate of Incorporation and/or Bylaws shall provide (a) for elimination of the liability of director to the maximum extent permitted by law and (b) for indemnification of directors for acts on behalf of the Company to the
maximum extent permitted by law. In addition, the Company shall enter into and use its best efforts to at all times maintain Indemnity Agreements substantially in the form attached as Exhibit B hereto with each of its directors to indemnify
such directors to the maximum extent permissible under applicable law. 
 3.10 Successor Indemnification.
If the Company or any of its successors or assignees (a) consolidates with or merges into any other entity and is not the continuing or surviving corporation or entity of such consolidation or merger or (b) transfers or conveys all or
substantially all of its properties and assets to any person or entity, then, and in each such case, to the extent necessary, proper provision shall be made so that the successors and assignees of the Company assume the obligations of the Company
with respect to indemnification of members of the Board of Directors as in effect immediately before such transaction, whether such obligations are contained in the Company’s Bylaws, its Amended and Restated Certificate of Incorporation, or
elsewhere, as the case may be. 
 3.11 Repurchase of Securities. The Company agrees that it will, upon thirty
(30) days prior written notice from any Investor, repurchase all of the Shares (including all shares of Common Stock issuable or issued upon conversion of the Shares) then held by such Investor for an aggregate purchase price of one dollar
($1.00) paid in cash. 
 3.12 Termination of Covenants. All covenants of the Company contained in Section 3
of this Agreement (other than the provisions of Sections 3.3, 3.7 and 3.9) shall expire and terminate as to each Investor upon the earlier of (a) the effective date of the registration statement pertaining to an Initial Offering that results in
the Preferred Stock being converted into Common Stock or (b) upon an “Acquisition” as defined in the Company’s Amended and Restated Certificate of Incorporation (as the same is amended, restated or otherwise
modified after the date hereof). 
 4. RIGHTS OF FIRST REFUSAL.  
 4.1 Subsequent Offerings. Subject to applicable securities laws, each Investor (individually, an “Offeree” and
collectively, the “Offerees”) shall have a right of first refusal to purchase its pro rata share of all Equity Securities, as defined below, that the Company may, from time to time, propose to sell and issue after the
date of this Agreement, other than the Equity Securities excluded by Section 4.7 hereof. Each Offeree’s pro rata share is equal to the ratio of (a) the number of shares of the Company’s Common Stock (including all shares
of Common Stock issuable or issued upon conversion of the Shares or upon the exercise of outstanding warrants or options) of which such Offeree is deemed to be a holder immediately prior to the issuance of such Equity Securities to (b) the
total number of shares of the Company’s outstanding Common Stock (including all shares of Common Stock issued or issuable upon conversion of the Shares or upon the exercise of any outstanding warrants or options) immediately prior to the
issuance of the Equity Securities. The term “Equity Securities” shall mean (i) any Common Stock, Series A Stock or other security of the Company, (ii) any security convertible into or exercisable or exchangeable
for, with or without consideration, any Common

  

 17. 

 
Stock, Preferred Stock or other security (including any option to purchase such a convertible security), (iii) any security carrying any warrant or right to subscribe to or purchase any
Common Stock, Preferred Stock or other security or (iv) any such warrant or right. 
 4.2 Exercise of Rights. If the
Company proposes to issue any Equity Securities, it shall give each Offeree written notice of its intention, describing the Equity Securities, the price and the terms and conditions upon which the Company proposes to issue the same. Each Offeree
shall have fifteen (15) days from the giving of such notice to agree to purchase its pro rata share of the Equity Securities for the price and upon the terms and conditions specified in the notice by giving written notice to the Company
and stating therein the quantity of Equity Securities to be purchased. Notwithstanding the foregoing, the Company shall not be required to offer or sell such Equity Securities to any Offeree who would cause the Company to be in violation of
applicable federal securities laws by virtue of such offer or sale. 
 4.3 Issuance of Equity Securities to Other
Persons. If not all of the Offerees elect to purchase their pro rata share of the Equity Securities, then the Company shall promptly notify in writing the Offerees who do so elect and shall offer such Offerees the right to acquire
such unsubscribed shares on a pro rata basis. The Offerees shall have five (5) days after receipt of such notice to notify the Company of its election to purchase all or a portion thereof of the unsubscribed shares. The Company shall
have ninety (90) days thereafter to sell the Equity Securities in respect of which the Offeree’s rights were not exercised, at a price not lower and upon general terms and conditions not materially more favorable to the purchasers thereof
than specified in the Company’s notice to the Offerees pursuant to Section 4.2 hereof. If the Company has not sold such Equity Securities within ninety (90) days of the notice provided pursuant to Section 4.2, the Company shall
not thereafter issue or sell any Equity Securities, without first offering such securities to the Offerees in the manner provided above. 
 4.4 Termination and Waiver of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (i) the
effective date of the registration statement pertaining to the Company’s Initial Offering covering the offer and sale of Common Stock for the account of the Company in which (a) the per share price is at least six dollars ($6.00) (as
adjusted for stock splits, dividends, recapitalizations and the like after the date hereof), and (b) the gross cash proceeds to the Company (before underwriting discounts, commissions and fees) are at least thirty million dollars ($30,000,000),
or (ii) an Acquisition. Notwithstanding Section 5.5 hereof, the rights of first refusal established by this Section 4 may be amended, or any provision waived with and only with the written consent of the Company and the Offerees
holding a majority of the Registrable Securities held by all Offerees, or as permitted by Section 5.5. 
 4.5 Assignment
of Rights of First Refusal. The rights of first refusal of each Offeree under this Section 4 may be assigned to the same parties, subject to the same restrictions as any transfer of registration rights pursuant to Section 2.9.

  

 18. 

 4.6 Excluded Securities. The rights of first refusal established by this
Section 4 shall have no application to any of the following Equity Securities: 
 (a) up to an aggregate of one million two
hundred thirty-nine thousand forty-eight (1,239,048) shares of Common Stock and/or options, warrants or other Common Stock purchase rights and the Common Stock issued pursuant to such options, warrants or other rights (as adjusted for any stock
dividends, combinations, splits, recapitalizations and the like after the date hereof); provided, however, that the number of shares under this Section 4.6(a) shall be increased to reflect any shares of Common Stock (i) not issued
pursuant to the rights, agreements, option or warrants whether granted prior to, on or after the date hereof (“Unexercised Options”) as a result of the termination of such Unexercised Options, (ii) reacquired by the
Company from employees, directors or consultants at cost (or the lesser of cost or fair market value) pursuant to agreements which permit the Company to repurchase such shares upon termination of services to the Company or (iii) the
authorization of which is approved by holders of at least seventy-five percent (75%) of the Company’s Series A Preferred Stock, whether upon amendment to the Company’s 2004 Stock Incentive Plan or otherwise; 
 (b) any Equity Securities issued for consideration other than solely for cash pursuant to a merger, consolidation, acquisition, strategic
alliance or agreement, or similar business combination approved by the Board of Directors including the affirmative vote of both representatives designated by the holders of the Shares; 
 (c) any Equity Securities issued in connection with any stock split, stock dividend or recapitalization by the Company; 
 (d) any Equity Securities issued pursuant to any equipment loan or leasing arrangement, real property leasing arrangement, or debt financing
from a bank or similar financial or lending institution approved by the Board of Directors, including the affirmative vote of one (1) of the representatives designated by the holders of the Shares; 
 (e) any Equity Securities that are issued by the Company pursuant to a registration statement filed under the Securities Act; 
 (f) any Equity Securities issued by the Company pursuant to the terms of Section 2.2 of the Purchase Agreement; 
 (g) any Equity Securities issued to University License Equity Holdings, Inc. (“ULEHI”) or one (1) of its
affiliates pursuant to the anti-dilution covenant in Section 5 of that certain Subscription Agreement dated October 14, 2005 between the Company and ULEHI (as the same is amended, restated or otherwise modified after the date hereof); and

 (h) any Equity Securities issued or issuable pursuant to any other rights or agreements, options, warrants or convertible
securities outstanding as of the date of this Agreement, including, but not limited to, the one million seven hundred fifteen thousand six hundred forty-six (1,715,646) options outstanding under the Company’s 2004 Stock Incentive Plan as
of the date hereof. 
  

 19. 

 5. MISCELLANEOUS. 
 5.1 Governing Law. This Agreement shall be governed by and construed under the laws of the State of Delaware in all respects as such laws are applied to agreements among Delaware residents entered
into and to be performed entirely within Delaware without reference to conflicts of laws or principles thereof. The parties agree that any action brought by any party under or in relation to this Agreement, including without limitation to interpret
or enforce any provision of this Agreement, shall be brought in, and each party agrees to and does hereby submit to the jurisdiction and venue of, any state or federal court located in the County of Denver, Colorado. 
 5.2 Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and
be binding upon, the parties hereto and their respective successors, assigns, heirs, executors, and administrators and shall inure to the benefit of and be enforceable by each person who shall be a holder of Registrable Securities from time to time;
provided, however, that prior to the receipt by the Company of adequate written notice of the transfer of any Registrable Securities specifying the full name and address of the transferee, the Company may deem and treat the person listed as
the holder of such shares in its records as the absolute owner and holder of such shares for all purposes, including the payment of dividends or any redemption price. 
 5.3 Entire Agreement. This Agreement, the Exhibits and Schedules hereto, the Purchase Agreement and the other documents delivered pursuant thereto constitute the full and entire understanding and
agreement between the parties with regard to the subjects hereof and no party shall be liable or bound to any other in any manner by any oral or written representations, warranties, covenants and agreements except as specifically set forth herein
and therein. Each party expressly represents and warrants that it is not relying on any oral or written representations, warranties, covenants or agreements outside of this Agreement. The foregoing notwithstanding, this Agreement shall in no way
impact or lessen the obligations of Myogen and the Company under the Strategic Alliance Agreement. 
 5.4 Severability.
In the event one or more of the provisions of this Agreement should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions of this
Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. 
 5.5 Amendment and Waiver. 
 (a) Except as otherwise expressly provided, this
Agreement may be amended or modified, and the obligations of the Company and the rights of the Holders under this Agreement may be waived, only upon the written consent of the Company and the holders of at least seventy-five percent (75%) of
the then-outstanding Registrable Securities. 
 (b) For the purposes of determining the number of Holders or Investors entitled
to vote or exercise any rights hereunder, the Company shall be entitled to rely solely on the list of record holders of its stock as maintained by or on behalf of the Company. 
  

 20. 

 5.6 Delays or Omissions. It is agreed that no delay or omission to exercise any
right, power, or remedy accruing to any party, upon any breach, default or noncompliance by another party under this Agreement shall impair any such right, power, or remedy, nor shall it be construed to be a waiver of any such breach, default or
noncompliance, or any acquiescence therein, or of any similar breach, default or noncompliance thereafter occurring. It is further agreed that any waiver, permit, consent, or approval of any kind or character on any party’s part of any breach,
default or noncompliance under the Agreement or any waiver on such party’s part of any provisions or conditions of this Agreement must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies,
either under this Agreement, by law, or otherwise afforded to any party, shall be cumulative and not alternative. 
 5.7
Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed facsimile if sent during normal business
hours of the recipient; if not, then on the next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a
nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the party to be notified at the address as set forth on the signature pages hereof or of the holder
appearing on the books of the Company or at such other address as such party may designate by ten (10) days advance written notice to the other parties hereto. 
 5.8 Attorneys’ Fees. In the event that any suit or action is instituted under or in relation to this Agreement, including without limitation to enforce any provision in this Agreement, the
prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect to this Agreement, including without limitation, such reasonable
fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals. 
 5.9 Titles and Subtitles. The titles of the sections and subsections of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement. 
 5.10 Additional Investors. Notwithstanding anything to the contrary contained herein, if the Company shall issue additional shares of
its Preferred Stock pursuant to the Purchase Agreement, any purchaser of such shares of Preferred Stock shall become a party to this Agreement by executing and delivering an additional counterpart signature page to this Agreement and shall be deemed
an “Investor,” a “Holder” and a party hereunder. Notwithstanding anything to the contrary contained herein, if the Company shall issue Equity Securities in accordance with Sections 4.6 (b),
(d) or (f) of this Agreement, any purchaser of such Equity Securities may become a party to this Agreement by executing and delivering an additional counterpart signature page to this Agreement and shall be deemed an
“Investor,” a “Holder” and a party hereunder. 
 5.11 Counterparts; Facsimile
Delivery. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. This Agreement may be delivered via facsimile. 
  

 21. 

 5.12 Aggregation of Stock. All shares of Registrable Securities held or acquired by
affiliated entities or persons or persons or entities under common management or control shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 
 5.13 Pronouns. All pronouns contained herein, and any variations thereof, shall be deemed to refer to the masculine, feminine or
neutral, singular or plural, as to the identity of the parties hereto may require. 
 5.14 Termination. This Agreement
shall terminate and be of no further force or effect upon the earlier of (a) an Acquisition; (b) such date, on or after the closing of the Company’s Initial Offering, on which all shares of Registrable Securities held or entitled to
be held upon conversion by such Holder may immediately be sold under Rule 144 during any ninety (90)-day period; (c) five (5) years after the closing of the Company’s Initial Offering; or (d) upon the written consent of the
Company and the holders of at least seventy-five percent (75%) of the then-outstanding Registrable Securities. 
 [THIS
SPACE INTENTIONALLY LEFT BLANK] 
  

 22. 

 IN WITNESS WHEREOF, the parties hereto have executed
this INVESTOR RIGHTS AGREEMENT as of the date set forth in the first paragraph hereof. 
  

									
	COMPANY:	 		 	INVESTOR(S):
			
	ARCA DISCOVERY, INC.	 		 	ATLAS VENTURE FUND VII, L.P.
					
	By:	 	  
	 		 		 	
	Print Name:	 	  
	 		 	By:	 	 Atlas Venture Associates VII, L.P.,
 its General Partner

	Title:	 	  
	 		 		 
				
	1400 Sixteenth Street, Suite 200	 		 	By:	 	Atlas Venture Associates VII, Inc.,
	Denver, CO 80202	 		 		 	its General Partner
	            Attention: Chief Executive Officer and	 		 		 	
	            General Counsel	 		 		 	
	Facsimile: (303) 825-0883	 		 		 	
		 		 		 	Signature:	 	  

		 		 		 	Print Name:	 	  

		 		 		 	Title:	 	  

		 		 		 		 	(if applicable)
				
		 		 		 	BOULDER VENTURES IV, L.P.
					
		 		 		 	By:	 	Boulder Ventures IV, LLC, its General
		 		 		 		 	Partner
		 		 		 	Signature:	 	  

		 		 		 	Print Name:	 	  

		 		 		 	Title:	 	  

		 		 		 		 	(if applicable)
				
		 		 		 	BOULDER VENTURES IV (ANNEX), L.P.
					
		 		 		 	By:	 	Boulder Ventures IV, LLC, its General
		 		 		 		 	Partner
					
		 		 		 	Signature:	 	  

		 		 		 	Print Name:	 	  

		 		 		 	Title:	 	  

		 		 		 		 	(if applicable)

 INVESTOR RIGHTS AGREEMENT 
 SIGNATURE PAGE 

			
	PEQUOT SCOUT FUND, L.P.
		
	By:	 	Pequot Capital Management, Inc.,
		 	its Investment Manager
		
	By:	 	  

	Name:	 	Daniel Fishbane
	Title:	 	Chief Financial Officer
	
	PEQUOT MARINER MASTER FUND, L.P.
		
	By:	 	Pequot Capital Management, Inc.,
		 	its Investment Advisor
		
	By:	 	  

	Name:	 	Daniel Fishbane
	Title:	 	Chief Financial Officer

  

			
	MYOGEN, INC.
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

	
	CPEC, LLC
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

	
	THE PEIERLS FOUNDATION, INC.
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

	
	  

	E. JEFFREY PEIERLS

 INVESTOR RIGHTS AGREEMENT 
 SIGNATURE PAGE 

	
	  

	BRIAN ELIOT PEIERLS
	  

	U.D. ETHEL F. PEIERLS CHARITABLE LEAD TRUST
	  

	MICHAEL R. BRISTOW, M.D.
	
	LANSING BROWN INVESTMENTS, LLC

  

			
	By:	 	  

	Print Name:	 	  

	Title:	 	  

  

	
	  

	FRANCIS J. BULLOCK
	  

	KENNETH LAWRENCE WEINER
	  

	ELLEN SAPPINGTON
	  

	GREGORY MARTINEZ
	  

	JOSEPH A. LEFKOFF

  

			
	UNIVERSITY LICENSE EQUITY HOLDINGS, INC.
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

 INVESTOR RIGHTS AGREEMENT 
 SIGNATURE PAGE 

 Exhibit A 
 SCHEDULE OF INVESTORS 
  

	
	 NAME AND ADDRESS

	
	ATLAS VENTURE FUND VII, L.P.
	890 Winter Street, Suite 320
	Waltham, MA 02451
	Attention: General Counsel
	
	BOULDER VENTURES IV, L.P.
	1941 Pearl Street, Suite 300
	Boulder, CO 80302
	Attention: Kyle Lefkoff
	
	BOULDER VENTURES IV (ANNEX), L.P.
	1941 Pearl Street, Suite 300
	Boulder, CO 80302
	Attention: Kyle Lefkoff
	
	PEQUOT SCOUT FUND, L.P.
	500 Nyala Farm Road
	Westport, CT 06880
	Attention: J. Patricelli
	
	PEQUOT MARINER MASTER FUND, L.P.
	500 Nyala Farm Road
	Westport, CT 06880
	Attention: J. Patricelli
	
	MYOGEN, INC.
	7575 West 103rd Ave., Suite 102
	Westminster, CO 80021
	Attention: Chief Executive Officer and General Counsel
	
	CPEC, LLC
	33 Hayden Avenue
	Lexington, MA 02421
	Attention: Chief Executive Officer

	
	THE PEIERLS FOUNDATION, INC.
	 c/o U.S. Trust Company of N.Y.

	 114 West 47th Street

	 New York, NY 10036

	 Attention: Mr. John Kennedy

	
	E. JEFFREY PEIERLS
	 73 South Holman Way

	 Golden, CO 80401

	
	BRIAN ELIOT PEIERLS
	 7808 Harvestman Cove

	 Austin, TX 78731

	
	U.D. ETHEL F. PEIERLS CHARITABLE LEAD TRUST
	 c/o U.S. Trust Company of N.Y.

	 114 West 47th Street

	 New York, NY 10036

	 Attention: Mr. John Kennedy

	
	MICHAEL R. BRISTOW, M.D.
	 c/o ARCA Discovery, Inc.

	 1400 Sixteenth Street, Suite 200

	 Denver, CO 80202

	
	LANSING BROWN INVESTMENTS, LLC
	 c/o John L. Zabriskie

	 PO Box 4680

	 Basalt, CO 81621

	
	FRANCIS J. BULLOCK
	 48 Bay Lane

	 Chatham, MA 02633

	
	KENNETH LAWRENCE WEINER
	 264 Adams Street

	 Denver, CO 80206

	
	ELLEN SAPPINGTON
	 618 Kensington Lane

	 Livingston, NJ 07039

	
	GREGORY MARTINEZ
	c/o Pequot Capital
	153 East 53rd Street, 35th
Floor
	New York, NY 10022
	
	JOSEPH A. LEFKOFF
	1337 Kittredge Ct. NE
	Atlanta, GA 30329
	
	UNIVERSITY LICENSE EQUITY HOLDINGS, INC.
	4001 Discovery Drive, Suite 390
	Campus Box 591
	Boulder, CO 80309

 Exhibit B 
 Form of Indemnity Agreement 

 INDEMNITY AGREEMENT 
 THIS INDEMNITY AGREEMENT (this “Agreement”) is made and entered into this      day of February, 2006
by and between ARCA Discovery, Inc., a Delaware corporation (the “Corporation”), and                      (“Agent”).

 Recitals 
 WHEREAS, Agent performs a valuable service to the Corporation in his capacity as                      of the
Corporation; 
 WHEREAS, the Corporation has adopted amended and restated bylaws (the “Bylaws”) providing for
the indemnification of the directors, officers, employees and other agents of the Corporation, including persons serving at the request of the Corporation in such capacities with other corporations or enterprises, as authorized by the Delaware
General Corporation Law, as amended (the “Code”); 
 WHEREAS, the Bylaws and the Code, by their non-exclusive
nature, permit contracts between the Corporation and its agents, officers, employees and other agents with respect to indemnification of such persons; and 
 WHEREAS, in order to induce Agent to continue to serve as
                     of the Corporation, the Corporation has determined and agreed to enter into this Agreement with Agent; 
 NOW, THEREFORE, in consideration of Agent’s continued service as
                     after the date hereof, the parties hereto agree as follows: 
 Agreement 
 1. Services to the Corporation. Agent will
serve, at the will of the Corporation or under separate contract, if any such contract exists, as                      of the Corporation or
as a director, officer or other fiduciary of an affiliate of the Corporation (including any employee benefit plan of the Corporation) faithfully and to the best of his ability so long as he is duly elected and qualified in accordance with the
provisions of the Bylaws or other applicable charter documents of the Corporation or such affiliate; provided, however, that Agent may at any time and for any reason resign from such position (subject to any contractual obligation that Agent
may have assumed apart from this Agreement) and that the Corporation or any affiliate shall have no obligation under this Agreement to continue Agent in any such position. 
 2. Indemnity of Agent. The Corporation hereby agrees to hold harmless and indemnify Agent to the fullest extent authorized or
permitted by the provisions of the Bylaws and the Code, as the same may be amended from time to time (but, only to the extent that such amendment permits the Corporation to provide broader indemnification rights than the Bylaws or the Code permitted
prior to adoption of such amendment). 
 3. Additional Indemnity. In addition to and not in limitation of the
indemnification otherwise provided for herein, and subject only to the exclusions set forth in Section 4 hereof, the Corporation hereby further agrees to hold harmless and indemnify Agent: 
 (a) against any and all expenses (including attorneys’ fees), witness fees, damages, judgments, fines and amounts paid in
settlement and any other amounts that Agent 

 (b) becomes legally obligated to pay because of any claim or claims made against or
by him in connection with any threatened, pending or completed action, suit or proceeding, whether civil, criminal, arbitrational, administrative or investigative (including an action by or in the right of the Corporation) to which Agent is, was or
at any time becomes a party, or is threatened to be made a party, by reason of the fact that Agent is, was or at any time becomes a director, officer, employee or other agent of Corporation, or is or was serving or at any time serves at the request
of the Corporation as a director, officer, employee or other agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise; and 
 (c) otherwise to the fullest extent as may be provided to Agent by the Corporation under the non-exclusivity provisions of the Code
and Section 8 of the Bylaws. 
 4. Limitations on Additional Indemnity. No indemnity pursuant to Section 3
hereof shall be paid by the Corporation: 
 (a) on account of any claim against Agent solely for an accounting of profits
made from the purchase or sale by Agent of securities of the Corporation pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state or local statutory
law; 
 (b) on account of Agent’s conduct that is established by a final judgment as knowingly fraudulent or
deliberately dishonest or that constituted willful misconduct; 
 (c) on account of Agent’s conduct that is
established by a final judgment as constituting a breach of Agent’s duty of loyalty to the Corporation or resulting in any personal profit or advantage to which Agent was not legally entitled; 
 (d) for which payment is actually made to Agent under a valid and collectible insurance policy or under a valid and enforceable
indemnity clause, bylaw or agreement, except in respect of any excess beyond payment under such insurance, clause, bylaw or agreement; 
 (e) if indemnification is not lawful (and, in this respect, both the Corporation and Agent have been advised that the Securities and Exchange Commission believes that indemnification for liabilities arising under the federal
securities laws is against public policy and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate courts for adjudication); or 
 (f) in connection with any proceeding (or part thereof) initiated by Agent, or any proceeding by Agent against the Corporation or its
directors, officers, employees or other agents, unless (i) such indemnification is expressly required to be made by law, (ii) the proceeding was authorized by the Board of Directors of the Corporation, (iii) such indemnification is
provided by the Corporation, in its sole discretion, pursuant to the powers vested in the Corporation under the Code, or (iv) the proceeding is initiated pursuant to Section 9 hereof. 
  

 2 

 5. Continuation of Indemnity. All agreements and obligations of the Corporation
contained herein shall continue during the period Agent is a director, officer, employee or other agent of the Corporation (or is or was serving at the request of the Corporation as a director, officer, employee or other agent of another
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise) and shall continue thereafter so long as Agent shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whether
civil, criminal, arbitrational, administrative or investigative, by reason of the fact that Agent was serving in the capacity referred to herein. 
 6. Partial Indemnification. Agent shall be entitled under this Agreement to indemnification by the Corporation for a portion of the expenses (including attorneys’ fees), witness fees, damages,
judgments, fines and amounts paid in settlement and any other amounts that Agent becomes legally obligated to pay in connection with any action, suit or proceeding referred to in Section 3 hereof even if not entitled hereunder to
indemnification for the total amount thereof, and the Corporation shall indemnify Agent for the portion thereof to which Agent is entitled. 
 7. Notification and Defense of Claim. Not later than thirty (30) days after receipt by Agent of notice of the commencement of any action, suit or proceeding, Agent will, if a claim in respect
thereof is to be made against the Corporation under this Agreement, notify the Corporation of the commencement thereof; but the omission so to notify the Corporation will not relieve it from any liability which it may have to Agent otherwise than
under this Agreement. With respect to any such action, suit or proceeding as to which Agent notifies the Corporation of the commencement thereof: 
 (a) the Corporation will be entitled to participate therein at its own expense; 
 (b) except as otherwise provided below, the Corporation may, at its option and jointly with any other indemnifying party similarly notified and electing to assume such defense, assume the defense thereof, with counsel reasonably
satisfactory to Agent. After notice from the Corporation to Agent of its election to assume the defense thereof, the Corporation will not be liable to Agent under this Agreement for any legal or other expenses subsequently incurred by Agent in
connection with the defense thereof except for reasonable costs of investigation or otherwise as provided below. Agent shall have the right to employ separate counsel in such action, suit or proceeding but the fees and expenses of such counsel
incurred after notice from the Corporation of its assumption of the defense thereof shall be at the expense of Agent unless (i) the employment of counsel by Agent has been authorized by the Corporation, (ii) Agent shall have reasonably
concluded, and so notified the Corporation, that there is an actual conflict of interest between the Corporation and Agent in the conduct of the defense of such action or (iii) the Corporation shall not in fact have employed counsel to assume
the defense of such action, in each of which cases the fees and expenses of Agent’s separate counsel shall be at the expense of the Corporation. The Corporation shall not be entitled to assume the defense of any action, suit or proceeding
brought by or on behalf of the Corporation or as to which Agent shall have made the conclusion provided for in clause (ii) above; and 
 (c) the Corporation shall not be liable to indemnify Agent under this Agreement for any amounts paid in settlement of any action or claim effected without its written consent, which shall not be
unreasonably withheld. The Corporation shall be permitted to settle any action except that it shall not settle any action or claim in any manner which would impose any penalty or limitation on Agent without Agent’s written consent, which may be
given or withheld in Agent’s sole discretion. 
  

 3 

 8. Expenses. The Corporation shall advance, prior to the final disposition of any
proceeding, promptly following request therefor, all expenses incurred by Agent in connection with such proceeding upon receipt of an undertaking by or on behalf of Agent to repay said amounts if it shall be determined ultimately that Agent is not
entitled to be indemnified under the provisions of this Agreement, the Bylaws, the Code or otherwise. 
 9. Enforcement.
Any right to indemnification or advances granted by this Agreement to Agent shall be enforceable by or on behalf of Agent in any court of competent jurisdiction if (i) the claim for indemnification or advances is denied, in whole or in part, or
(ii) no disposition of such claim is made within ninety (90) days of request therefor. Agent, in such enforcement action, if successful in whole or in part, shall be entitled to be paid also the expense of prosecuting his claim. It shall
be a defense to any action for which a claim for indemnification is made under Section 3 hereof (other than an action brought to enforce a claim for expenses pursuant to Section 8 hereof, provided that the required undertaking has
been tendered to the Corporation) that Agent is not entitled to indemnification because of the limitations set forth in Section 4 hereof. Neither the failure of the Corporation (including its Board of Directors or its stockholders) to have made
a determination prior to the commencement of such enforcement action that indemnification of Agent is proper in the circumstances, nor an actual determination by the Corporation (including its Board of Directors or its stockholders) that such
indemnification is improper shall be a defense to the action or create a presumption that Agent is not entitled to indemnification under this Agreement or otherwise. 
 10. Subrogation. In the event of payment under this Agreement, the Corporation shall be subrogated to the extent of such payment to all of the rights of recovery of Agent, who shall execute all
documents required and shall do all acts that may be necessary to secure such rights and to enable the Corporation effectively to bring suit to enforce such rights. 
 11. Non-Exclusivity of Rights. The rights conferred on Agent by this Agreement shall not be exclusive of any other right which Agent may have or hereafter acquire under any statute, provision of
the Corporation’s Certificate of Incorporation or Bylaws, agreement, vote of stockholders or directors, or otherwise, both as to action in his official capacity and as to action in another capacity while holding office. 
 12. Survival of Rights. 
 (a) The rights conferred on Agent by this Agreement shall continue after Agent has ceased to be a director, officer, employee or other agent of the Corporation or to serve at the request of the
Corporation as a director, officer, employee or other agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise and shall inure to the benefit of Agent’s heirs, executors and administrators.

 (b) The Corporation shall require any successor (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business or assets of the Corporation, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation would be required to perform if no such
succession had taken place. 
  

 4 

 13. Separability. Each of the provisions of this Agreement is a separate and distinct
agreement and independent of the others, so that if any provision hereof shall be held to be invalid for any reason, such invalidity or unenforceability shall not affect the validity or enforceability of the other provisions hereof. Furthermore, if
this Agreement shall be invalidated in its entirety on any ground, then the Corporation shall nevertheless indemnify Agent to the fullest extent provided by the Bylaws, the Code or any other applicable law. 
 14. Governing Law. This Agreement shall be interpreted and enforced in accordance with the laws of the State of Delaware. 

15. Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless
in writing signed by both parties hereto. 
 16. Identical Counterparts; Facsimile Delivery. This Agreement may be
executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute but one and the same Agreement. Only one such counterpart need be produced to evidence the existence of
this Agreement. This Agreement may be delivered via facsimile. 
 17. Headings. The headings of the sections of this
Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction hereof. 
 18. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (i) upon delivery if delivered by hand to the
party to whom such communication was directed or (ii) upon the third business day after the date on which such communication was mailed if mailed by certified or registered mail with postage prepaid: 
 (a) If to Agent, at the address indicated on the signature page hereof. 
 (b) If to the Corporation, to: 
 ARCA Discovery, Inc. 
 1400 Sixteenth Street; Suite 220 
 Denver, CO 80202 
 Attention: Chief Executive Officer and General Counsel 
 or to such other addresses as may have been furnished to Agent by the
Corporation or the Corporation by Agent. 
 [remainder of page intentionally blank] 
  

 5 

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

			
	ARCA DISCOVERY, INC.
		
	By:	 	  

		
	Title:	 	  

	
	AGENT
	
	  

			
		
	Print Name:	 	  

		
	Address:	 	
	
	  

  

 6 

 Exhibit D 
 Right of First Refusal and Co-Sale Agreement 

 ARCA DISCOVERY, INC. 
 RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT 
 THIS RIGHT OF FIRST REFUSAL AND CO-SALE
AGREEMENT (the “Agreement”) is made and entered into as of this 22nd
 day of February, 2006, by and among ARCA DISCOVERY, INC., a Delaware corporation (the “Company”), each of the persons and entities listed on
Exhibit A hereto (the “Investors”), and each of the persons listed on Exhibit B hereto (each referred to herein as a “Common Holder” and collectively as the “Common Holders”). 
 RECITALS 
 WHEREAS, the Common Holders are the beneficial owners of an aggregate of three million one hundred seventy thousand six hundred forty-two (3,170,642) shares of
the Common Stock of the Company; 
 WHEREAS, the Investors are purchasing shares of the Company’s
Series A Preferred Stock (the “Preferred Stock”) pursuant to that certain Series A Preferred Stock Purchase Agreement (the “Purchase Agreement”) of even date herewith (the “Financing”); 
 WHEREAS, the obligations in the Purchase Agreement are conditioned upon the execution and delivery of this Agreement;
and 
 WHEREAS, in connection with the consummation of the Financing, the parties desire to enter into
this Agreement in order to grant first refusal and co-sale rights to the Company and to the Investors. 
 NOW,
THEREFORE, in consideration of these premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree hereto as follows: 
 1. Definitions. 
 1.1
“Common Holder Stock” shall mean shares of the Company’s Common Stock now owned or subsequently acquired by the Common Holders by gift, purchase, dividend, option exercise or any other means whether or not such
securities are only registered in a Common Holder’s name or beneficially or legally owned by such Common Holder, including any interest of a spouse in any of the Common Holder Stock, whether that interest is asserted pursuant to marital
property laws or otherwise, but shall exclude any shares of Preferred Stock or shares of Common Stock issued upon the conversion of such shares of Preferred Stock held by Boulder Ventures IV, L.P. or Boulder Ventures IV (Annex), L.P. The number of
shares of Common Holder Stock owned by the Common Holders as of the date hereof are set forth on Exhibit B, which Exhibit may be amended from time to time by the Company to reflect changes in the number of shares owned by the Common
Holders, but the failure to so amend shall have no effect on such Common Holder Stock being subject to this Agreement. 
 1.2
“Investor Stock” shall mean the shares of the Company’s Common Stock or Preferred Stock now owned or subsequently acquired by the Investors whether or not such securities are only registered in an Investor’s
name or beneficially or otherwise legally owned by such Investor. 
  

 1. 

 1.3 “Transfer” shall include any sale, assignment,
encumbrance, hypothecation, pledge, conveyance in trust, gift, transfer by bequest, devise or descent, or other transfer or disposition of any kind, including, but not limited to, transfers to receivers, levying creditors, trustees or receivers in
bankruptcy proceedings or general assignees for the benefit of creditors, whether voluntary or by operation of law, directly or indirectly, of any of the Common Holder Stock. 
 2. TRANSFERS BY A COMMON HOLDER. 
 2.1 Notice of Transfer. If a Common Holder (the “Selling Common Holder”) proposes to Transfer any shares of Common Holder Stock then the Selling Common Holder shall promptly
give written notice (the “Notice”) simultaneously to the Company and to each of the Investors at least thirty (30) days prior to the closing of such Transfer. The Notice shall describe in reasonable detail the proposed
Transfer, including, without limitation, the number of shares of Common Holder Stock to be transferred, the nature of such Transfer, the consideration to be paid, and the name and address of each prospective purchaser or transferee. In the event
that the Transfer is being made pursuant to the provisions of Section 4.1, the Notice shall state under which clause of Section 4.1 the Transfer is being made. 
 2.2 Company Right of First Refusal. For a period of ten (10) days following receipt of any Notice described in Section 2.1, the Company shall have the right to purchase all or a portion
of the Common Holder Stock subject to such Notice on the same terms and conditions as set forth therein. The Company’s purchase right shall be exercised by written notice signed by an officer of the Company (the “Company
Notice”) and delivered to the Selling Common Holder within such ten (10) day period. The Company shall effect the purchase of the Common Holder Stock, including payment of the purchase price, not more than five (5) business
days after delivery of the Company’s Notice, and at such time the Selling Common Holder shall deliver to the Company the certificate(s) representing the Common Holder Stock to be purchased by the Company, each certificate to be properly
endorsed for transfer. The Common Holder Stock so purchased shall thereupon be cancelled and cease to be issued and outstanding shares of the Company’s Common Stock. 
 2.3 Investor Right of First Refusal. 
 (a) In the event that the Company
does not elect to purchase all of the Common Holder Stock available pursuant to its rights under Section 2.2 within the period set forth therein, the Selling Common Holder shall promptly give written notice (the “Second
Notice”) to each of the Investors, which shall set forth the number of shares of Common Holder Stock not purchased by the Company and which shall include the terms of Notice set forth in Section 2.1. Each Investor shall then have
the right, exercisable upon written notice to the Selling Common Holder (the “Investor Notice”) within fifteen (15) days after the receipt of the Second Notice, to purchase its pro rata share of the Common Holder
Stock subject to the Second Notice and on the same terms and conditions as set forth therein. Except as set forth in Section 2.3(c), the Investors who so exercise their rights (the “Participating Investors”) shall effect
the

  

 2. 

 
purchase of the Common Holder Stock, including payment of the purchase price, not more than five (5) days after delivery of the Investor Notice, and at such time the Selling Common Holder
shall deliver to the Participating Investors the certificate(s) representing the Common Holder Stock to be purchased by the Participating Investors, each certificate to be properly endorsed for transfer. 
 (b) Each Investor’s pro rata share shall be equal to the product obtained by multiplying (i) the aggregate number of shares
of Common Holder Stock covered by the Second Notice and (ii) a fraction, the numerator of which is the number of shares of Common Stock issued or issuable upon the conversion or exercise of Preferred Stock or other rights to acquire shares of
Common Stock held by the Participating Investor at the time of the Notice, and the denominator of which is the total number of shares of Common Stock issued or issuable upon the conversion or exercise of Preferred Stock or other rights to acquire
shares of Common Stock at the time of the Notice at the time of the Notice held by all Investors. 
 (c) In the event that not
all of the Investors elect to purchase their pro rata share of the Common Holder Stock available pursuant to their rights under Section 2.3(a) within the time period set forth therein, then the Selling Common Holder shall promptly give
written notice to each of the Participating Investors (the “Overallotment Notice”), which shall set forth the number of shares of Common Holder Stock not purchased by the other Investors, and shall offer such Participating
Investors the right to acquire such unsubscribed shares. Each Participating Investor shall have five (5) days after receipt of the Overallotment Notice to deliver a written notice to the Selling Common Holder (the “Participating
Investors Overallotment Notice”) indicating the number of unsubscribed shares that such Participating Investor desires to purchase, and each such Participating Investor shall be entitled to purchase such number of unsubscribed shares on
the same terms and conditions as set forth in the Second Notice. In the event that the Participating Investors desire, in the aggregate, to purchase in excess of the total number of available unsubscribed shares, then the number of unsubscribed
shares that each Participating Investor may purchase shall be reduced on a pro rata basis. For purposes of this Section 2.3(c) the denominator described in Section 2.3(b)(ii) above shall be the total number of shares of Common Stock issued
or issuable upon the conversion or exercise of Preferred Stock or other rights to acquire shares of Common Stock held by the Participating Investor at the time of the Notice. The Participating Investors shall then effect the purchase of the Common
Holder Stock, including payment of the purchase price, not more than five (5) days after delivery of the Participating Investors Overallotment Notice, and at such time, the Selling Common Holder shall deliver to the Investors the certificates
representing the Common Holder Stock to be purchased by the Participating Investors, each certificate to be properly endorsed for transfer. 
 (d) To the extent that the Company and/or the Investors do not elect to purchase the Common Holder Stock held by Myogen, Inc. (or its transferees) subject to the Notice, Myogen, Inc. (or its transferees)
may, not later than one hundred twenty (120) days following delivery to the Company of the Notice, enter into an agreement providing for the closing of the Transfer of such Common Holder Stock covered by Notice within thirty (30) days of
such agreement on terms and conditions not materially more favorable to the transferor than those described in the Notice. Any proposed Transfer on terms and conditions materially more favorable than those described in the Notice, as well as any
subsequent proposed Transfer of any of the Common Holder Stock by Myogen, Inc. (or its transferees), shall again be subject to the first refusal rights of the Company and/or Investors and shall require compliance by Myogen, Inc. (or its transferees)
with the procedures described in this Section 2.3. 
  

 3. 

 2.4 Right of Co-Sale. 
 (a) If a Selling Common Holder (other than Myogen, Inc. or its transferees), together with any affiliate, holds more than one percent
(1%) of the outstanding Common Stock of the Company (on a fully diluted as-converted basis) (a “Major Selling Common Holder”), and the Company and the Investors fail to exercise their respective rights to purchase all of
the Common Holder Stock subject to Sections 2.2 and 2.3 hereof, following the exercise or expiration of the rights of purchase set forth in Section 2.2 and 2.3, then the Major Selling Common Holder shall deliver to the Company, each
Investor, University License Equity Holdings, Inc. (“ULEHI”) and CPEC, LLC written notice (the “Co-Sale Notice”) that each Investor, ULEHI and CPEC, LLC shall have the right, exercisable upon written
notice to such Major Selling Common Holder with a copy to the Company within fifteen (15) days after receipt of the Co-Sale Notice, to participate in such Transfer of Common Holder Stock on the same terms and conditions. Such notice shall
indicate the number of shares of Investor Stock (or Common Stock in the case of ULEHI and CPEC, LLC) up to that number of shares determined under Section 2.4(b) such Investor, ULEHI or CPEC, LLC wishes to sell under his or her right to
participate. To the extent one or more of the Investors, ULEHI or CPEC, LLC exercise such right of participation in accordance with the terms and conditions set forth below, the number of shares of Common Holder Stock that such Major Selling Common
Holder may sell in the transaction shall be correspondingly reduced. 
 (b) Each Investor, ULEHI and CPEC, LLC may sell all or
any part of that number of shares equal to the product obtained by multiplying (i) the aggregate number of shares of Common Holder Stock covered by the Co-Sale Notice and not purchased by the Company or its assignees or Investors pursuant to
Sections 2.2 or 2.3 by (ii) a fraction the numerator of which is the number of shares of Common Stock issued or issuable upon the conversion or exercise of Preferred Stock or other rights to acquire shares of Common Stock held by such Investor
(or Common Stock held by ULEHI and CPEC, LLC) at the time of the Notice and the denominator of which is the total number of shares of Common Stock held by such Major Selling Common Holder (excluding shares purchased by the Company and/or Investors
pursuant to Sections 2.2 or 2.3) plus the number of shares of Common Stock issued or issuable upon the conversion or exercise of Preferred Stock or other rights to acquire shares of Common Stock held by all Investors and Common Stock held by ULEHI
and CPEC, LLC at the time of the Notice. If not all of the Investors, ULEHI and CPEC, LLC elect to sell their share of Common Stock proposed to be transferred within said fifteen (15) day period, then the Major Selling Common Holder shall
promptly notify in writing the Investors who do so elect (and ULEHI and CPEC, LLC if they elect) and shall offer such Investors (and ULEHI and CPEC, LLC if they elect) the additional right to participate in the sale of such additional shares of
Common Holder Stock proposed to be transferred on the same percentage basis as set forth above in this Section 2.4(b). The Investors, ULEHI and CPEC, LLC shall have five (5) days after receipt of such notice to notify the Major Selling
Common Holder in writing with a copy to the Company of its election to sell all or a portion thereof of the unsubscribed shares. 
  

 4. 

 (c) Each Investor who elects to participate in the Transfer pursuant to this
Section 2.4 (and ULEHI and CPEC, LLC if they elect to participate in the Transfer pursuant to this Section 2.4) (each, a “Co-Sale Participant”) shall effect its participation in the Transfer by promptly delivering
to such Major Selling Common Holder for transfer to the prospective purchaser one or more certificates, properly endorsed for transfer, which represent: 
 (i) the type and number of shares of Common Stock which such Co-Sale Participant elects to sell; or 
 (ii) that number of shares of Preferred Stock which is at such time convertible into the number of shares of Common Stock which such Co-Sale Participant elects to sell; provided, however, that if the
prospective purchaser objects to the delivery of Preferred Stock in lieu of Common Stock, such Co-Sale Participant shall convert such Preferred Stock into Common Stock and deliver Common Stock as provided in Section 2.4(c)(i) above. The Company
agrees to make any such conversion concurrent with and contingent upon the actual transfer of such shares to the purchaser. 
 (d) The stock certificate or certificates that the Co-Sale Participant delivers to such Major Selling Common Holder pursuant to Section 2.4(c) shall be transferred to the prospective purchaser in consummation of the sale of the Common
Stock pursuant to the terms and conditions specified in the Co-Sale Notice, and the Major Selling Common Holder shall concurrently therewith remit to such Co-Sale Participant that portion of the sale proceeds to which such Co-Sale Participant is
entitled by reason of its participation in such sale. To the extent that any prospective purchaser or purchasers prohibits such assignment or otherwise refuses to purchase shares or other securities from a Co-Sale Participant exercising its rights
of co-sale hereunder, such Major Selling Common Holder shall not sell to such prospective purchaser or purchasers any Common Holder Stock unless and until, simultaneously with such sale, such Major Selling Common Holder shall purchase such shares or
other securities from such Co-Sale Participant on the same terms and conditions specified in the Co-Sale Notice. 
 (e) The
exercise or non-exercise of the rights of any Investor, ULEHI or CPEC, LLC hereunder to participate in one or more Transfers of Common Holder Stock made by any Major Selling Common Holder shall not adversely affect his right to participate in
subsequent Transfers of Common Holder Stock subject to Section 2. 
 (f) To the extent that the Investors, ULEHI and CPEC,
LLC do not elect to participate in the sale of the Common Holder Stock subject to the Co-Sale Notice, such Major Selling Common Holder may, not later than one hundred twenty (120) days following delivery to the Company of the Co-Sale Notice,
enter into an agreement providing for the closing of the Transfer of such Common Holder Stock covered by the Co-Sale Notice within thirty (30) days of such agreement on terms and conditions not materially more favorable to the transferor than
those described in the Co-Sale Notice. Any proposed Transfer on terms and conditions materially more favorable than those described in the Co-Sale Notice, as well as any subsequent proposed Transfer of any of the Common Holder Stock by a Major
Selling Common Holder, shall again be subject to the first refusal and co-sale rights of the Company and/or Investors and shall require compliance by a Common Holder with the procedures described in this Section 2. 
  

 5. 

 (g) Notwithstanding anything to the contrary contained herein, the Common Holder Stock held
by Myogen, Inc. (or its transferees) shall not be subject to the co-sale rights of the Investors, ULEHI and CPEC, LLC set forth in this Section 2.4. 
 3. TRANSFERS BY INVESTORS. 
 3.1 Notice of Transfer. If an Investor (the “Selling Investor”) proposes to Transfer any shares of Preferred Stock, then the Selling Investor shall promptly give written notice (the “Preferred Sale
Notice”) simultaneously to the Company and to each of the other Investors at least thirty (30) days prior to the closing of such Transfer. The Preferred Sale Notice shall describe in reasonable detail the proposed Transfer,
including, without limitation, the number of shares of Preferred Stock to be transferred, the nature of such Transfer, the consideration to be paid, and the name and address of each prospective purchaser or transferee. In the event that the Transfer
is being made pursuant to the provisions of Section 4.1, the Notice shall state under which clause of Section 4.1 the Transfer is being made. 
 3.2 Investor Right of First Refusal. 
 (a) Each Investor shall then have the
right, exercisable upon written notice to the Selling Investor (the “Preferred Investor Notice”) within fifteen (15) days after the receipt of the Preferred Sale Notice, to purchase its pro rata share of the
Selling Investor’s Preferred Stock subject to the Preferred Sale Notice and on the same terms and conditions as set forth therein. The Investors who so exercise their rights (the “Participating Preferred Investors”)
shall effect the purchase of the Preferred Stock, including payment of the purchase price, not more than five (5) days after delivery of the Preferred Investor Notice, and at such time the Selling Investor shall deliver to the Participating
Preferred Investors the certificate(s) representing the Preferred Stock to be purchased by the Participating Preferred Investors, each certificate to be properly endorsed for transfer. 
 (b) Each Investor’s pro rata share shall be equal to the product obtained by multiplying (i) the aggregate number of shares
of Preferred Stock covered by the Preferred Sale Notice and (ii) a fraction, the numerator of which is the number of shares of Preferred Stock held by the Participating Preferred Investor at the time of the Preferred Sale Notice, and the
denominator of which is the total number of shares Preferred Stock at the time of the Preferred Sale Notice held by all Investors (other than the Selling Investor). 
 (c) In the event that not all of the Investors elect to purchase their pro rata share of the Preferred Stock available pursuant to their rights under Section 3.2(a) within the time period set
forth therein, then the Selling Investor shall promptly give written notice to each of the Participating Preferred Investors (the “Preferred Stock Overallotment Notice”), which shall set forth the number of shares of
Preferred Stock not purchased by the other Investors, and shall offer such Participating Preferred Investors the right to acquire such unsubscribed shares. Each Participating Preferred Investor shall have five (5) days after receipt of the
Preferred Stock Overallotment Notice to deliver a written notice to the Selling Investor (the “Participating Preferred Investors Overallotment Notice”) indicating the number of unsubscribed shares that such Participating
Preferred Investor desires to purchase, and each such Participating Preferred Investor shall be entitled to purchase such number of unsubscribed shares on the same terms and

  

 6. 

 
conditions as set forth in the Preferred Sale Notice. In the event that the Participating Preferred Investors desire, in the aggregate, to purchase in excess of the total number of available
unsubscribed shares, then the number of unsubscribed shares that each Participating Preferred Investor may purchase shall be reduced on a pro rata basis. For purposes of this Section 3.2(c) the denominator described in Section 3.2(b)(ii)
above shall be the total number of shares of Preferred Stock held by the Participating Preferred Investor at the time of the Preferred Sale Notice. The Participating Preferred Investors shall then effect the purchase of the Preferred Stock,
including payment of the purchase price, not more than five (5) days after delivery of the Participating Preferred Investors Overallotment Notice, and at such time, the Selling Investor shall deliver to the Investors the certificates
representing the Preferred Stock to be purchased by the Participating Preferred Investors, each certificate to be properly endorsed for transfer. 
 3.3 Company Right of First Refusal. In the event that the Investors do not elect to purchase all of the Preferred Stock available pursuant to their rights under Section 3.2 within the period
set forth therein, the Selling Investor shall promptly give written notice (the “Second Preferred Notice”) to the Company, which shall set forth the number of shares of Preferred Stock not purchased by the Investors and which
shall include the terms of Preferred Sale Notice set forth in Section 3.1. The Company shall then have the right, exercisable upon written notice to the Selling Investor (the “Company Preferred Notice”) within five
(5) days after the receipt of the Second Preferred Notice, to purchase all or a portion of the Preferred Stock subject to such Second Preferred Notice on the same terms and conditions as set forth therein. The Company shall effect the purchase
of the Preferred Stock, including payment of the purchase price, not more than five (5) business days after delivery of the Company Preferred Notice, and at such time the Selling Investor shall deliver to the Company the certificate(s)
representing the Preferred Stock to be purchased by the Company, each certificate to be properly endorsed for transfer. The Preferred Stock so purchased shall thereupon be cancelled and cease to be issued and outstanding shares of the Company’s
Preferred Stock. 
 3.4 To the extent that the Investors and/or the Company do not elect to purchase the Preferred Stock
held by a Selling Investor subject to the Preferred Sale Notice, the Selling Investor may, not later than one hundred twenty (120) days following delivery to the Company and the Investors of the Preferred Sale Notice, enter into an agreement
providing for the closing of the Transfer of such Preferred Stock covered by the Preferred Sale Notice within thirty (30) days of such agreement on terms and conditions not materially more favorable to the transferor than those described in the
Preferred Sale Notice. Any proposed Transfer on terms and conditions materially more favorable than those described in the Preferred Sale Notice, as well as any subsequent proposed Transfer of any of the Preferred Stock by a Selling Investor, shall
again be subject to the first refusal rights of the Investors and/or the Company and shall require compliance by the Selling Investor with the procedures described in this Section 3. 
 4. EXEMPT TRANSFERS. 
 4.1 Notwithstanding the foregoing, the first refusal and co-sale rights of the Company and/or the Investors set forth in Section 2 and Section 3 above shall not apply to (i) any
transfer without consideration to the Common Holder’s or Investor’s family members or to trusts for the benefit of such persons or the Common Holder or Investor, or transfers without

  

 7. 

 
consideration to the Common Holder’s or Investor’s limited or general partners, members or shareholders, (ii) any transfer or transfers by a Common Holder to another Common Holder,
(iii) any transfers to an entity controlling, controlled by, or under common control with any Common Holder or Investor, (iv) any transfer of Common Stock by University License Equity Holdings, Inc., to the University of Colorado,
(v) any transfer by an Investor to another Investor, a third party private equity fund, venture capital fund or similar entity in connection with a transfer of the securities of the Company in a secondary offering of one or more portfolio
companies of such Investor, or (vi) any transfer to any person who is approved in writing by the Company and the Investors (such approval not to be unreasonably withheld) holding at least seventy-five percent (75%) of the Common Stock
issued or issuable upon conversion or exercise of Preferred Stock or other rights to acquire shares of Common Stock held by the Investors and their assigns; provided that in the event of any transfer made pursuant to one of the exemptions
provided by clauses (i), (ii), (iii), (iv), (v) and (vi), (A) the Common Holder or Investor shall inform the Investors of such pledge, transfer or gift prior to effecting it and (B) the pledgee, transferee or donee shall enter into a
written agreement to be bound by and comply with all provisions of this Agreement, as if it were an original Common Holder or Investor hereunder, including without limitation Section 2 and Section 3. Such transferred Common Holder Stock or
Preferred Stock shall remain “Common Holder Stock” or “Preferred Stock” hereunder, and such pledgee, transferee or donee shall be treated as the “Common Holder” or “Investor” for purposes of this Agreement,
except that such transferee or donee may not transfer shares pursuant to Section 4.1(i) hereof. 
 4.2
Notwithstanding the foregoing, the provisions of Section 2 or Section 3 shall not apply to the sale of any Common Holder Stock or Investor Stock to the public pursuant to a registration statement filed with, and declared effective by,
the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). 
 4.3 This Agreement is subject to, and shall in no manner limit the right which the Company may have to repurchase securities from the Common Holder pursuant to (i) a stock restriction
agreement or other agreement between the Company and the Common Holder and (ii) any right of first refusal set forth in the Bylaws of the Company. 
 5. PROHIBITED TRANSFERS. 
 5.1 Call
Option. In the event of a prohibited transfer in violation of Section 2.3 or Section 3 hereof (a “Prohibited Transaction”), the Investors shall have the option to purchase from the pledgee, purchaser or
transferee of the Common Holder Stock or Preferred Stock transferred in violation of Section 2.3 or Section 3, respectively, the number of shares that the Investors would have been entitled to purchase had such Prohibited Transaction been
effected in accordance with Section 2.3 hereof or Section 3, on the following terms and conditions: 
 (a) The price
per share at which the shares are to be purchased by the Investor shall be equal to the price per share paid to such Selling Common Holder or Selling Investor by the third party purchaser or purchasers of such Common Holder Stock or Preferred Stock
that is subject to the Prohibited Transaction; and 
  

 8. 

 (b) the Selling Common Holder or Selling Investor effecting such Prohibited Transaction
shall reimburse the Investor for any expenses, including legal fees and expenses, incurred in effecting such purchase. 
 5.2
Put Option. 
 (a) In the event that a Major Selling Common Holder should sell any Common Holder Stock in
contravention of the co-sale rights of each Investor under Section 2.4 of this Agreement (a “Prohibited Transfer”), each Investor, in addition to such other remedies as may be available at law, in equity or hereunder,
shall have the put option provided below, and such Major Selling Common Holder shall be bound by the applicable provisions of such option. 
 (b) In the event of a Prohibited Transfer, each Investor shall have the right to sell to such Major Selling Common Holder the type and number of shares of Common Stock equal to the number of shares each
Investor would have been entitled to transfer to the purchaser under Section 2.4 hereof had the Prohibited Transfer been effected pursuant to and in compliance with the terms hereof. Such sale shall be made on the following terms and
conditions: 
 (c) The price per share at which the shares are to be sold to the Major Selling Common Holder shall be equal to
the price per share paid by the purchaser to such Major Selling Common Holder in such Prohibited Transfer. The Major Selling Common Holder shall also reimburse each Investor for any and all fees and expenses, including legal fees and expenses,
incurred in connection with the exercise or the attempted exercise of the Investor’s rights under Section 2.4. 
 (d)
Within ninety (90) days after the date on which an Investor received notice of the Prohibited Transfer, such Investor shall, if exercising the option created hereby, deliver to the Major Selling Common Holder the certificate or certificates
representing the shares to be sold, each certificate to be properly endorsed for transfer. 
 (e) Such Major Selling Common
Holder shall, upon receipt of the certificate or certificates for the shares to be sold by an Investor, pursuant to this Section 5.2, pay the aggregate purchase price therefor and the amount of reimbursable fees and expenses, as specified in
Section 5.2(c), in cash or by other means acceptable to the Investor. 
 5.3 Voidability of Transfer.
Notwithstanding the foregoing, any purported Transfer by a Common Holder of Common Holder Stock in violation of Section 2 and/or Section 4 hereof or by an Investor of Preferred Stock in violation of Section 3 and/or Section 4
hereof shall be voidable at the option of the holders of a majority of the Investor Stock if the holders of a majority of the Investor Stock do not elect to exercise the call or put option (if applicable) set forth in this Section 5, and the
Company agrees it will not effect such a transfer nor will it treat any alleged transferee as the holder of such shares without the written consent of the holders of a majority of the Investor Stock. 
  

 9. 

 6. LEGEND. 
 6.1 Within thirty (30) days of the execution of this Agreement, each certificate representing shares of Common Holder Stock now
or hereafter owned by the Common Holder or issued to any person in connection with a Transfer pursuant to Section 4.1(i) through (v) hereof shall be endorsed with the following legend: 
 “THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO, AND IN SOME CASES
PROHIBITED BY, THE TERMS AND CONDITIONS OF A CERTAIN RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT BY AND AMONG THE STOCKHOLDER, THE CORPORATION AND CERTAIN HOLDERS OF STOCK OF THE CORPORATION. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN
REQUEST TO THE SECRETARY OF THE CORPORATION.” 
 6.2 Each certificate representing shares of Preferred Stock now or
hereafter owned by the Investors or issued to any person in connection with a Transfer pursuant to Section 4.1(i) through (v) hereof shall be endorsed with the legend referred to in Section 6.1 above. 
 6.3 The Common Holders and Investors agree that the Company may instruct its transfer agent to impose transfer restrictions on the
shares represented by certificates bearing the legend referred to in Section 6.1 above to enforce the provisions of this Agreement and the Company agrees to promptly do so. The legend shall be removed at the request of any Common Holder or
Investor following termination of this Agreement. 
 7. MISCELLANEOUS. 
 7.1 Conditions to Exercise of Rights. Exercise of the Investors’ rights under this Agreement shall be subject to and conditioned
upon, and the Common Holders, the Investors and the Company shall use their best efforts to assist each Investor in, compliance with applicable laws. 
 7.2 Governing Law. This Agreement shall be governed by and construed under the laws of the State of Delaware in all respects as applied to agreements among Delaware residents entered into and
performed entirely within Delaware. The parties agree that any action brought by any party under or in relation to this Agreement, including without limitation to interpret or enforce any provision of this Agreement, shall be brought in, and each
party agrees to and does hereby submit to the jurisdiction and venue of, any state or federal court located in the County of Denver, Colorado. 
 7.3 Amendment. Any provision of this Agreement may be amended or modified and/or the observance thereof may be waived or this Agreement terminated, only with the written consent of
(i) the Company, (ii) as to the Investors, persons holding at least seventy-five percent (75%) of the Common Stock issued or issuable upon the conversion or exercise of Preferred Stock or other rights to acquire shares of Common Stock
held by the Investors and their assignees, pursuant to Section 7.4 hereof, and (iii) as to the Common Holders, only by the holders of a majority of the Common Holder Stock held by Common Holders; provided, that no consent of any Common
Holder shall be necessary for any amendment and/or restatement which merely includes additional holders of Preferred Stock or other preferred stock of the Company as

  

 10. 

 
“Investors” as parties hereto or other persons as “Common Holders” and parties hereto and does not otherwise materially increase such Common Holders’ obligations
hereunder other than the change in the number of shares determined by Section 2.3 and/or 2.4 hereof as a result of the addition of such additional holder. Any amendment or waiver effected in accordance with clauses (i), (ii), and (iii) of
this Section 7.3 shall be binding upon each Investor, its successors and assigns, the Company and each of the Common Holders. No consent of any party hereto shall be necessary to include as a party to this Agreement any transferee required to
become a party hereto pursuant to Section 4.1 hereof. 
 7.4 Successors and Assigns. The provisions hereof
shall inure to the benefit of, and be binding upon, the parties hereto and their respective successors, assigns, heirs, executors and administrators and other legal representatives. 
 7.5 Term. This Agreement shall continue in full force and effect from the date hereof through the earliest of the following
dates, on which date it shall terminate in its entirety: 
 (a) the date of the closing of a firm commitment underwritten
public offering of the Common Stock pursuant to a registration statement filed with the Securities and Exchange Commission, and declared effective under the Securities Act that results in all outstanding shares of Preferred Stock being converted
into Common Stock; 
 (b) the date of the closing of an Acquisition as defined in the Company’s Amended and Restated
Certificate of Incorporation (as the same is amended, restated or otherwise modified after the date hereof); or 
 (c)
the written consent of (i) the Company, (ii) the persons holding at least seventy-five percent (75%) of the Common Stock issued or issuable upon the conversion or exercise of Preferred Stock or other rights to acquire shares of
Common Stock held by Investors and their assignees, pursuant to Section 7.4 hereof, and (iii) the holders of a majority of the Common Holder Stock held by Common Holders. 
 7.6 Ownership. Each Common Holder represents and warrants that he, she or it is the sole legal and beneficial owner of those shares
of Common Holder Stock he or she currently holds subject to the Agreement and that no other person has any interest (other than a community property interest) in such shares. 
 7.7 Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given:
(a) upon personal delivery to the party to be notified, (b) when sent by confirmed facsimile if sent during normal business hours of the recipient; if not, then on the next business day, (c) five (5) days after having been sent
by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All
communications shall be sent to the party to be notified at the address as set forth on the books of the Company or at such other address as such party may designate by ten (10) days advance written notice to the other parties hereto.

  

 11. 

 7.8 Severability. In the event one or more of the provisions of this Agreement
should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such
invalid, illegal or unenforceable provision had never been contained herein. 
 7.9 Attorneys’ Fees. In the
event that any suit or action is instituted under or in relation to this Agreement, including without limitation to enforce any provision in this Agreement, the prevailing party in such dispute shall be entitled to recover from the losing party all
fees, costs and expenses of enforcing any right of such prevailing party under or with respect to this Agreement, including without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation,
all fees, costs and expenses of appeals. 
 7.10 Entire Agreement. This Agreement and the Exhibits hereto, along
with the Purchase Agreement and the other documents delivered pursuant thereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and thereof and no party shall be liable or bound to any
other in any manner by any oral or written representations, warranties, covenants and agreements except as specifically set forth herein and therein. Each party expressly represents and warrants that it is not relying on any oral or written
representations, warranties, covenants or agreements outside of this Agreement. 
 7.11 Additional Investors.
Notwithstanding anything to the contrary contained herein, if the Company shall issue additional shares of its Preferred Stock pursuant to the Purchase Agreement, any purchaser of such shares of Preferred Stock may become a party to this Agreement
by executing and delivering an additional counterpart signature page to this Agreement and shall be deemed an “Investor” hereunder. 
 7.12 Counterparts; Facsimile Delivery. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one
and the same instrument. This Agreement may be delivered via facsimile. 
 [THIS SPACE INTENTIONALLY LEFT BLANK] 
  

 12. 

 The foregoing RIGHT OF FIRST
REFUSAL AND CO-SALE AGREEMENT is hereby executed as of the date first above written. 
  

									
	COMPANY:	 		 	INVESTOR(S):
			
	ARCA DISCOVERY, INC.	 		 	ATLAS VENTURE FUND VII, L.P.
					
	By:	 	  
	 		 	By:	 	ATLAS VENTURE ASSOCIATES VII, L.P.,
	Print Name:	 	  
	 		 		 	ITS GENERAL PARTNER
	Title:	 	  
	 		 		 	
					
		 		 		 	By:	 	ATLAS VENTURE ASSOCIATES VII, INC.,
		 		 		 		 	ITS GENERAL PARTNER
					
		 		 		 	Signature:	 	  

		 		 		 	Print Name:	 	  

		 		 		 	Title:	 	  

		 		 		 		 	(if applicable)
				
		 		 		 	BOULDER VENTURES IV, L.P.
					
		 		 		 	By:	 	Boulder Ventures IV, LLC, its General
		 		 		 		 	Partner
					
		 		 		 	Signature:	 	  

		 		 		 	Print Name:	 	  

		 		 		 	Title:	 	  

		 		 		 		 	(if applicable)
				
		 		 		 	BOULDER VENTURES IV (ANNEX), L.P.
					
		 		 		 	By:	 	Boulder Ventures IV, LLC, its General Partner
					
		 		 		 	Signature:	 	  

		 		 		 	Print Name:	 	  

		 		 		 	Title:	 	  

 RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT 
 SIGNATURE PAGE 

			
	PEQUOT SCOUT FUND, L.P.
		
	By:	 	Pequot Capital Management, Inc.,
		 	its Investment Manager
		
	By:	 	  

	Name:	 	Daniel Fishbane
	Title:	 	Chief Financial Officer
	
	PEQUOT MARINER MASTER FUND, L.P.
		
	By:	 	Pequot Capital Management, Inc.,
		 	its Investment Advisor
		
	By:	 	  

	Name:	 	Daniel Fishbane
	Title:	 	Chief Financial Officer

  

			
	THE PEIERLS FOUNDATION, INC.
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

	
	  

	E. JEFFREY PEIERLS
	
	  

	BRIAN ELIOT PEIERLS
	
	  

	U.D. ETHEL F. PEIERLS CHARITABLE LEAD TRUST

 RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT 
 SIGNATURE PAGE 

			
	  

	MICHAEL BRISTOW, M.D.
	
	LANSING BROWN INVESTMENTS, LLC
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

	  

	FRANCIS J. BULLOCK
	  

	KENNETH LAWRENCE WEINER
	  

	ELLEN SAPPINGTON
	  

	GREGORY A. MARTINEZ
	  

	JOSEPH A. LEFKOFF

 RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT 
 SIGNATURE PAGE 

			
	COMMON HOLDERS:
	
	  

	Michael Bristow, M.D.
	
	MYOGEN, INC.
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

	
	  

	Christopher Ozeroff
	  

	Timothy D. Hoogheem
	  

	J. David Port, Ph.D.
	  

	
	UNIVERSITY LICENSE EQUITY HOLDINGS, INC.
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

	
	CPEC, LLC
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

 RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT 
 SIGNATURE PAGE 

 EXHIBIT A 
 LIST OF INVESTORS 
 Atlas Venture Fund VII, L.P. 
 Boulder Ventures IV, L.P. 
 Boulder Ventures IV
(Annex), L.P. 
 Pequot Scout Fund, L.P. 
 Pequot Mariner Master Fund, L.P. 
 The Peierls Foundation, Inc. 
 E. Jeffrey Peierls 
 Brian Eliot Peierls 
 U.D. Ethel F. Peierls Charitable Lead Trust 
 Michael Bristow, M.D. 
 Lansing Brown Investments, LLC 
 Francis J. Bullock 
 Kenneth Lawrence Weiner 
 Ellen Sappington 
 Gregory A. Martinez 

Joseph A. Lefkoff 

 EXHIBIT B 
 LIST OF COMMON HOLDERS 
  

			
	 NAME OF COMMON HOLDER
	  	SHARES OF
COMMON STOCK
	 Michael R. Bristow, M.D.
	  	   776,580
	 Christopher Ozeroff
	  	   107,000
	 Timothy D. Hoogheem
	  	     70,000
	 J. David Port, Ph.D.
	  	     37,000
	 University License Equity Holdings, Inc.
	  	     47,905
	 Boulder Ventures IV, L.P.
	  	     69,386
	 Boulder Ventures IV (Annex), L.P.
	  	1,047,937
	 Myogen, Inc.
	  	   614,834
	 CPEC, LLC
	  	   400,000

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