Document:

<PAGE>

                                  EXHIBIT 10.5

          Change in Control Agreement Between Great American Federal
          Savings and Loan Association and Todd Cover
<PAGE>

             GREAT AMERICAN FEDERAL SAVINGS AND LOAN ASSOCIATION
                     TWO YEAR CHANGE IN CONTROL AGREEMENT

     This AGREEMENT is made effective as of April 20, 1998 and among Great
American Federal Savings and Loan Institution (the "Institution"), a federally
chartered savings institution, with its principal administrative office
at 4750 Clairton Boulevard, Pittsburgh, Pennsylvania 15236, Todd L. Cover
("Executive"), and GA Financial, Inc. (the "Holding Company"), a corporation
organized under the laws of the State of Delaware which is the holding company
of the institution.

     WHEREAS, the Insitution anticipates the substantial contribution Executive
will make to the Institution and wishes to protect Executive's position
therewith for the period provided in this Agreement; and

     WHEREAS, Executive has agreed to serve in the employ of the Institution.

     NOW, THEREFORE, in consideration of the contribution and responsibilities
of Executive, and upon the other terms and conditions hereinafter provided,
the parties hereto agree as follows:

1.   TERM OF AGREEMENT.
     -----------------

     The term of the Great American Federal Savings and Loan Association
Two Year Change in Control Agreement ("Agreement") shall be deemed to have
commenced as of the date first above written and shall continue for a period
of twenty-four (24) full calendar months thereafter. Commencing on the first
anniversary date of this Agreement and continuing at each anniversary date
thereafter, the Board of Directors of the Institution ("Board") may extend
the Agreement for an additional year. The Board will review the Agreement
and Executive's performance annually for purposes of determining whether
to extend the Agreement, and the results thereof shall be included in the
minutes of the Board's meeting.

2.   CHANGE IN CONTROL.
     -----------------

     (a) Upon the occurrence of a Change in Control of the Institution or
the Holding Company (as herein defined) followed at any time during the
term of this Agreement by the termination of Executive's employment, other
than for Cause, as defined in Section 2(c) hereof, the provisions of Section
3 shall apply. Upon the occurrence of a Change in Control, Executive shall
have the right to elect to voluntarily terminate his employment at any time
during the term of this Agreement following any demotion,

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 loss of title, office or significant authority, reduction in his annual
 compensation or benefits, or relocation of his principal place of employment by
 more than 25 miles from its location immediately prior to the Change in
 Control; provided, however, the Executive may consent in writing to any such
 demotion, loss, reduction or relocation. The effect of any written consent of
 the Executive under this Section 2(a) shall be strictly limited to the terms
 specified in such written consent.

      (b) For purposes of this Agreement, a "Change in Control" of the
 Institution or Holding Company shall mean an event of a nature that: (i) would
 be required to be reported in response to Item 1 of the current report on Form
 8-K, as in effect on the date hereof, pursuant to Section 13 or 15(d) of the
 Securities Exchange Act of 1934, as amended (the "Exchange Act") ; or (ii)
 results in a Change in Control of the Institution or the Holding Company within
 the meaning of the Home Owners' Loan Act of 1933, as amended, the Federal
 Deposit Insurance Act and the Rules and Regulations promulgated by the Office
 of Thrift Supervision ("OTS") (or its predecessor agency), as in effect on the
 date hereof (provided, that in applying the definition of change in control as
 set forth under the rules and regulations of the OTS, the Board shall
 substitute its judgment for that of the OTS); or (iii) without limitation such
 a Change in Control shall be deemed to have occurred at such time as (A) any
 "person" (as the term is used in Sections 13(d) and 14(d) of the Exchange Act)
 is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the
 Exchange Act), directly or indirectly, of voting securities of the Institution
 or the Holding Company representing 25% or more of the Institution's or the
 Holding Company's outstanding voting securities or right to acquire such
 securities except for any voting securities of the Institution purchased by the
 Holding Company and any voting securities purchased by any employee benefit
 plan of the Institution or the Holding Company, or (B) individuals who
 constitute the Board on the date hereof (the "Incumbent Board") cease for any
 reason to constitute at least a majority thereof, provided that any person
 becoming a director subsequent to the date hereof whose election was approved
 by a vote of at least three-quarters of the directors comprising the Incumbent
 Board, or whose nomination for election by the Holding Company's stockholders
 was approved by the same Nominating Committee serving under an Incumbent Board,
 shall be, for purposes of this clause (B), considered as though he were a
 member of the Incumbent Board, or (C) a plan of reorganization, merger,
 consolidation, sale of all or substantially all the assets of the Institution
 or the Holding Company or similar transaction occurs in which the Institution
 or Holding Company is not the resulting entity; provided, however, that such an
 event listed above will be deemed to have occurred or to have been effectuated
 upon the receipt of all required regulatory approvals not including the lapse
 of any statutory waiting periods.

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       (c) Executive shall not have the right to receive termination benefits
 pursuant to Section 3 hereof upon Termination for Cause. The term "Termination
 for Cause" shall mean termination because of Executive's personal dishonesty,
 incompetence, willful misconduct, any breach of fiduciary duty involving
 personal profit, intentional failure to perform stated duties, willful
 violation of any law, rule or regulation (other than traffic violations or
 similar offenses) or final cease-and-desist order or material breach of any
 provision of this Agreement. Notwithstanding the foregoing, Executive shall not
 be deemed to have been Terminated for Cause unless and until there shall have
 been delivered to him a Notice of Termination which shall include a copy of a
 resolution duly adopted by the affirmative vote of not less than a majority of
 the members of the Board at a meeting of the Board called and held for that
 purpose (after reasonable notice to Executive and an opportunity for him,
 together with counsel, to be heard before the Board), finding that in the good
 faith opinion of the Board, Executive was guilty of conduct justifying
 Termination for Cause and specifying the particulars thereof in detail.
 Executive shall not have the right to receive compensation or other benefits
 for any period after Termination for Cause. During the period beginning on the
 date of the Notice of Termination for Cause pursuant to Section 4 hereof
 through the Date of Termination, stock options and related limited rights
 granted to Executive under any stock option plan shall not be exercisable nor
 shall any unvested awards granted to Executive under any stock benefit plan of
 the institution, the Holding Company or any subsidiary or affiliate thereof
 vest. At the Date of Termination, such stock options and related limited rights
 and such unvested awards shall become null and void and shall not be
 exercisable by or delivered to Executive at any time subsequent to such Date of
 Termination for Cause.

  3.   TERMINATION BENEFITS.
       --------------------

       (a) Upon the occurrence of a Change in Control, followed at any time
 during the term of this Agreement by termination of the Executive's employment
 due to: (1) Executive's dismissal or (2) Executive's voluntary termination
 pursuant to Section 2(a), unless such termination is due to Termination for
 Cause, the Institution and the Holding Company shall pay Executive, or in the
 event of his subsequent death, his beneficiary or beneficiaries, or his estate,
 as the case may be, a sum equal to two (2) times Executive's average annual
 compensation for the five most recent taxable years that Executive has been
 employed by the Institution or such lesser number of years in the event that
 Executive shall have been employed by the Institution for less than five years,
 such average annual compensation shall include any bonuses, and any other
 compensation paid or to be paid to Executive in any such year, the amount of
 benefits paid or accrued to Executive pursuant

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 to any employee benefit plan maintained by the Institution of Holding Company
 in any such year and the amount of any contributions made or to be made on
 behalf of Executive pursuant to any employee benefit plan maintained by the
 Institution or the Holding Company in any such year. At the election of
 Executive, which election is to be made prior to a Change in Control, such
 payment shall be made in a lump sum. In the event that no election is made,
 payment to Executive will be made on a monthly basis in approximately equal
 installments during the remaining term of this Agreement.

       (b) Upon the occurrence of a Change in Control of the Institution or the
 Holding Company followed at any time during the term of this Agreement by
 Executive's voluntary or involuntary termination of employment, other than for
 Termination for Cause, the Institution shall cause to be continued life,
 medical and disability coverage substantially identical to the coverage
 maintained by the Institution or Holding Company for Executive prior to his
 severance, except to the extent such coverage may be changed in its application
 to all Institution or Holding Company employees on a nondiscriminatory basis.
 Such coverage and payments shall cease upon the expiration of thirty-six (36)
 full calendar months from the Date of Termination.

       (c) Notwithstanding the preceding paragraphs of this Section 3, in no
 event shall the aggregate payments or benefits to be made or afforded to
 Executive under said paragraphs (the "Termination Benefits") constitute an
 "excess parachute payment" under Section 280G of the Internal Revenue Code of
 1986, as amended, or any successor thereto, and in order to avoid such a result
 Termination Benefits will be reduced, if necessary, to an amount (the "Non-
 Triggering Amount"), the value of which is one dollar ($1.00) less than an
 amount equal to three (3) times Executive's "base amount," as determined in
 accordance with said Section 280G. The allocation of the reduction required
 hereby among the Termination Benefits provided by the preceding paragraphs of
 this Section 3 shall be determined by Executive.

  4.   NOTICE OF TERMINATION.
       ---------------------

       (a) Any purported termination by the Institution or by Executive in
 connection with a Change in Control shall be communicated by Notice of
 Termination to the other party hereto. For purposes of this Agreement, a
 "Notice of Termination" shall mean a written notice which shall indicate the
 specific termination provision in this Agreement relied upon and shall set
 forth in reasonable detail the facts and circumstances claimed to provide a
 basis for termination of Executive's employment under the provision so
 indicated.

       (b) "Date of Termination" shall mean the date specified in

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  the Notice of Termination (which, in the instance of Termination for Cause,
  shall not be less than thirty (30) days from the date such Notice of
  Termination is given).

       (c) If, within thirty (30) days after any Notice of Termination is given,
 the party receiving such Notice of Termination notifies the other party that a
 dispute exists concerning the termination, the Date of Termination shall be the
 date on which the dispute is finally determined, either by mutual written
 agreement of the parties, by a binding arbitration award, or by a final
 judgment, order or decree of a court of competent jurisdiction (the time for
 appeal therefrom having expired and no appeal having been perfected) and
 provided further that the Date of Termination shall be extended by a notice of
 dispute only if such notice is given in good faith and the party giving such
 notice pursues the resolution of such dispute with reasonable diligence.
 Notwithstanding the pendency of any such dispute in connection with a Change in
 Control, in the event that the Executive is terminated for reasons other than
 Termination for Cause, the Institution will continue to pay Executive his full
 compensation in effect when the notice giving rise to the dispute was given
 (including, but not limited to his annual salary) and continue him as a
 participant in all compensation, benefit and insurance plans in which he was
 participating when the notice of dispute was given, until the earlier of: (1)
 the resolution of the dispute in accordance with this Agreement; or (2) the
 expiration of the remaining term of this Agreement as determined as of the Date
 of Termination.

  5.   SOURCE OF PAYMENTS.
       ------------------

       It is intended by the parties hereto that all payments provided in this
 Agreement shall be paid in cash or check from the general funds of the
 Institution. Further, the Holding Company guarantees such payment and provision
 of all amounts and benefits due hereunder to Executive and, if such amounts and
 benefits due from the Institution are not timely paid or provided by the
 Institution, such amounts and benefits shall be paid or provided by the Holding
 Company.

 6.    EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS.
       ------------------------------------------------------

      This Agreement contains the entire understanding between the parties
 hereto and supersedes any prior agreement between the Institution and
 Executive, except that this Agreement shall not affect or operate to reduce any
 benefit or compensation inuring to Executive of a kind elsewhere provided. No
 provision of this Agreement shall be interpreted to mean that Executive is
 subject to receiving fewer benefits than those available to him without
 reference to this Agreement.

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       Nothing in this Agreement shall confer upon Executive the right to
  continue in the employ of Institution or shall impose on the Institution any
  obligation to employ or retain Executive in its employ for any period.

  7.   NO ATTACHMENT.
       -------------

       (a) Except as required by law, no right to receive payments under this
  Agreement shall be subject to anticipation, commutation, alienation, sale,
  assignment, encumbrance, charge, pledge, or hypothecation, or to execution,
  attachment, levy, or similar process or assignment by operation of law, and
  any attempt, voluntary or involuntary, to affect any such action shall be
  null, void, and of no effect.

       (b) This Agreement shall be binding upon, and inure to the benefit of,
  Executive, the Institution and their respective successors and assigns.

  8.   MODIFICATION AND WAIVE.
       ----------------------

       (a) This Agreement may not be modified or amended except by an instrument
  in writing signed by the parties hereto.

       (b) No term or condition of this Agreement shall be deemed to have been
  waived, nor shall there be any estoppel against the enforcement of any
  provision of this Agreement, except by written instrument of the party charged
  with such waiver or estoppel. No such written waiver shall be deemed a
  continuing waiver unless specifically stated therein, and each such waiver
  shall operate only as to the specific term or condition waived and shall not
  constitute a waiver of such term or condition for the future or as to any act
  other than that specifically waived.

  9.   RETIRED REGULATORY-PROVISIONS.
       -----------------------------

       (a) The board of directors may terminate Executive's employment at any
  time, but any termination by the board of directors, other than Termination
  for Cause, shall not prejudice Executive's right to compensation or other
  benefits under this Agreement. Executive shall not have the right to receive
  compensation or other benefits for any period after Termination for Cause as
  defined in Section 2 hereinabove.

       (b) If Executive is suspended from office and/or temporarily prohibited
 from participating in the conduct of the Institution's affairs by a notice
 served under Section 8(e) (3) or 8 (g) (1) of the Federal Deposit Insurance Act
 (12 U.S.C. (S) 1818 (e) (3) or (g) (1), the Institution's obligations under
 this contract shall be suspended as of the date of service, unless stayed by
 appropriate proceedings. If the charges in the notice

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 are dismissed, the Institution may in its discretion (i) pay Executive all or
 part of the compensation withheld while their contract obligations were
 suspended and (ii) reinstate (in whole or in part) any of the obligations which
 were suspended.

       (c) If Executive is removed and/or permanently prohibited from
 participating in the conduct of the Institution's affairs by an order issued
 under Section 8 (e) (4) or 8 (g) (1) of the Federal Deposit Insurance Act (12
 U. S. C - (S)1818 (e) (4) or (g) (1)), all obligations of the Institution
 under this contract shall terminate as of the effective date of the order, but
 vested rights of the contracting parties shall not be affected.

       (d) If the Institution is in default as defined in Section 3(x)(1) of the
 Federal Deposit Insurance Act, all obligations of the Institution under this
 contract shall terminate as of the date of default, but this paragraph shall
 not affect any vested rights of the contracting parties.

       (e) All obligations under this contract shall be terminated, except to
 the extent determined that continuation of the contract is necessary for the
 continued operation of the institution: (i) by the Director of the Office of
 Thrift Supervision (or his or her designee) at the time the Federal Deposit
 Insurance Corporation enters into an agreement to provide assistance to or on
 behalf of the Institution under the authority contained in Section 13(c) of the
 Federal Deposit Insurance Act; or (ii) by the Director of the Office of Thrift
 Supervision (or his or her designee) at the time the Director (or his or her
 designee) approves a supervisory merger to resolve problems related to
 operation of the Institution or when the Institution is determined by the
 Director to be in an unsafe or unsound condition. Any right of the parties that
 have already vested, however, shall not be affected by such action.

       (f) Any payments made to Executive pursuant to this Agreement, or
 otherwise, are subject to and conditioned upon compliance with 12 U.S.C. (S)
 1828(k) and any rules and regulations promulgated thereunder.

 10.  REINSTATEMENT OF BENEFITS UNDER SECTION 9(b).
      ---------------------------------------------

      In the event Executive is suspended and/or temporarily prohibited from
 participating in the conduct of the Institution's affairs by a notice described
 in Section 9(b) hereof (the "Notice") during the term of this Agreement and a
 Change of Control, as defined herein, occurs, the Institution will assume its
 obligation to pay and Executive will be entitled to receive all of the
 termination benefits provided for under Section 3 of this Agreement upon the
 Institution's receipt of a dismissal of charges in the Notice of Termination.

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<PAGE>

  11.  SEVERABILITY.
       ------------

       If, for any reason, any provision of this Agreement, or any part of any
  provision, is held invalid, such invalidity shall not affect any other
  provision of this Agreement or any part of such provision not held so invalid,
  and each such other provision and part thereof shall to the full extent
  consistent with law continue in full force and effect.

  12.  HEADINGS FOR REFERENCE ONLY.
       ---------------------------

       The hearings of sections and paragraphs herein are included solely for
  convenience of reference and shall not control the meaning or interpretation
  of any of the provisions of this Agreement. In addition, references to the
  masculine shall apply equally to the feminine.

  13.  GOVERNING LAW.
       -------------

       The validity, interpretation, performance, and enforcement of this
  Agreement shall be governed by the laws of the State of Delaware but only to
  the extent not preempted by Federal law.

  14.  ARBITRATION.
       -----------

       Any dispute or controversy arising under or in connection with this
  Agreement shall be settled exclusively by arbitration, conducted before a
  panel of three arbitrators sitting in a location selected by Executive within
  fifty (50) miles from the location of the Institution's main office, in
  accordance with the rules of the American Arbitration Association then in
  effect. Judgment may be entered on the arbitrator's award in any court having
  jurisdiction; provided, however, that Executive shall be entitled to seek
  specific performance of his right to be paid until the Date of Termination
  during the pendency of any dispute or controversy arising under or in
  connection with this Agreement.

  15.  PAYMENT OF COSTS AND LEGAL FEES.
       -------------------------------

       All reasonable costs and legal fees paid or incurred by Executive
  pursuant to any dispute or question of interpretation relating to this
  Agreement shall be paid or reimbursed by the Institution (which payments are
  guaranteed by the Holding Company pursuant to Section 5 hereof) if Executive
  is successful on the merits pursuant to a legal judgment, arbitration or
  settlement.

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<PAGE>

  16.  INDEMNIFICATION.
       ---------------

       The Institution shall provide Executive (including his or her legal
  representatives, successors and assigns) with coverage under a standard
  directors' and officers' liability insurance policy at its expense, or in lieu
  thereof, shall indemnify Executive (including his or her legal
  representatives, successors and assigns) for reasonable costs and expenses
  incurred by Executive in defending or settling any judicial or administrative
  proceeding, or threatened proceeding, whether civil, criminal or otherwise,
  including any appeal or other proceeding for review.

       Indemnification by the Institution shall be made only upon the final
  judgment on the merits in the favor of Executive, in case of settlement, in
  case of final judgment against Executive or in the case of final judgment in
  favor of Executive other than on the merits, if a majority of the
  disinterested directors of the Institution determine Executive was acting in
  good faith within the scope of Executive's employment or authority in
  accordance with 12 C.F.R. section 545.121(c)(iii).

       Any such indemnification of Executive must conform with the notice
 provisions of 12 C.F.R. Section 545.121(c)(iii) to indemnify Executive to the
 fullest for such expenses and liabilities to include, but not be limited to,
 judgments, court costs and attorneys' fees and the cost of reasonable
 settlements, such settlements to be approved by the Board of Directors of the
 Institution, if such action is brought against Executive in his or her capacity
 as a officer or director of the Institution, however, shall not extend to
 matters as to which Executive is finally adjudged to be liable for willful
 misconduct in the performance of his or her duties.

  17.  SUCCESSOR TO THE INSTITUTION.
       ----------------------------

       The Institution shall require any successor or assignee, whether direct
 or indirect, by purchase, merger, consolidation or otherwise, to all or
 substantially all the business or assets of the Institution, expressly and
 unconditionally to assume and agree to perform the Institution's obligations
 under this Agreement, in the same mariner and to the same extent that the
 Institution would be required to perform if no such succession or assignment
 had taken place.

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<PAGE>

                                   SIGNATURE

        IN WITNESS WHEREOF, Great American Federal Savings and Loan Association
and GA Financial, Inc. have caused this Agreement to be executed by their duly
authorized officers, and Executive has signed this Agreement, on the 20th day of
April, 1998.

ATTEST:                                GREAT AMERICAN FEDERAL SAVINGS
                                           AND LOAN ASSOCIATION

/s/ Lawrence A. Michael             By:  /s/ John M. Kish
--------------------------              -------------------------------
Lawrence A. Michael                     John M. Kish
Secretary                               Chief Executive Officer

SEAL

ATTEST:                                GA FINANCIAL, INC.
                                           (Guarantor)

/s/ Lawrence A. Michael             By:  /s/ John M. Kish
--------------------------              -------------------------------
Lawrence A. Michael                     John M. Kish
Secretary                               Chairman of the Board and
                                        Chief Executive Officer

SEAL

WITNESS:

/s/ Lawrence A. Michael             By:  /s/ Todd L. Cover
--------------------------              -------------------------------
Lawrence A. Michael                     Todd L. Cover
                                        Executive

                                      10<PAGE>

                                                                    EXHIBIT 10.6

                              REDEMPTION AGREEMENT

          THIS REDEMPTION AGREEMENT (this "Agreement"), made as of this 1st day
of October, 1999 by and among OLYMPUS COMMUNICATIONS, L.P., a Delaware limited
partnership ("Olympus"), and CABLE GP, INC., a Florida corporation ("Cable GP").

                                  WITNESSETH:
                                  ----------

          WHEREAS, Olympus owns all of the outstanding capital stock of West
Boca Security, Inc. ("West Boca"), a Delaware corporation (the "West Boca
Shares"); and

          WHEREAS, Cable GP is the owner of a General Partner interest in
Olympus (the "General Partner Interest") and is the owner of Limited Partner,
Preferred Limited Partner, Senior Limited Partner and Special Limited Partner
interests in Olympus (the "Limited Partner Interests" and, together with the
General Partner Interest, the "Interests"); and

          WHEREAS, Olympus desires to redeem and retire the Interests, and in
consideration for such redemption and retirement, transfer the West Boca Shares
to Cable GP;

          NOW, THEREFORE, in consideration of the foregoing and of the mutual
representations, warranties, covenants and promises contained herein, and
intending to be legally bound hereby, the parties hereto represent, warrant,
covenant and agree as follows:

                                  Article 1
                                 DEFINITIONS

          Definitions.  Capitalized terms used herein but not otherwise defined
          -----------
herein shall have the meanings ascribed to them in Annex I hereto.

                                  Article 2
                        TRANSFER OF WEST BOCA SHARES

                        Transfer of West Boca Shares.

        (a) At the Closing (as defined below), Olympus shall convey, transfer
and assign to Cable GP all of its right, title and interest in the West Boca
Shares and Cable GP shall accept and acquire from Olympus the West Boca
Shares.

        (b) At the Closing, Olympus shall deliver to Cable GP certificates
evidencing all of the West Boca Shares, together with such endorsements,
assignments and other good and sufficient instruments of transfer and
conveyance as shall be reasonably deemed necessary or appropriate by Cable GP
to vest in or confirm to Cable GP good and valid title to the West Boca
Shares, free and clear of all Liens.
<PAGE>

                                  Article 3
                          REDEMPTION AND ADJUSTMENT

                                  Redemption.
        (a) At the Closing and subject to subsection (b) hereof, as
consideration for the assignment and transfer of the West Boca Shares, Cable
GP shall withdraw as a General Partner, Limited Partner, Preferred Limited
Partner, Senior Limited Partner and Special Limited Partner of Olympus, and
each shall remit and assign to Olympus for redemption all of its respective
right, title and interest as a General Partner and Limited Partner of Olympus,
and Olympus hereby shall receive and accept the Interests.

        (b) To secure the obligations of Ft. Myers Acquisition Limited
Partnership under the Ft. Myers Note, Olympus shall pledge the Interests
subject to Section 3.2 pursuant to a Pledge Agreement to be executed and
delivered at the Closing.

          Adjustment.  The Interests shall not be cancelled.  At the Closing,
          ----------
all of the interests of the remaining partners of Olympus shall be adjusted to
reflect the redemption of the Interests and such Interests shall not be
considered outstanding for purposes of exercising voting rights or allocation of
benefits or obligations to partners unless and until there is an Event of
Default under that certain Pledge Agreement between Olympus and West Boca
Security, Inc., and West Boca Security, Inc. exercises its remedies upon any
such Event of  Default.  Upon the occurrence of an Event of Default and the
exercise by West Boca Security, Inc. of its remedies under said Pledge
Agreement, the interests of the partners of Olympus shall be adjusted again to
reinstate to the Interests the same rights and obligations as prior to the
adjustments made pursuant to this Section 0.

                                  Article 4
                       REPRESENTATIONS AND WARRANTIES
                                 OF OLYMPUS

     Olympus represents and warrants to Cable GP that the following statements
are true and correct as of the Closing Date:

          Organization.  Olympus is a limited partnership, duly organized,
          ------------
validly existing and in good standing under the laws of the State of Delaware
with full partnership power and authority to engage in its business and
operations, to continue such business and operations as conducted at present and
to enter into this Agreement and perform the terms of this Agreement.  Olympus
is duly qualified to conduct business and is in good standing in those
jurisdictions where the conduct of its business or the nature of its assets
makes such qualification necessary.

          Title to West Boca Shares.  Olympus has good and valid title to the
          -------------------------
West Boca Shares, and Olympus has full power, authority and the absolute right
to transfer the West Boca Shares, free and clear of any and all Liens.  The West
Boca Shares represent all of the issued and outstanding shares of capital stock
of West Boca, and no other warrants, options, stock rights or other securities
of West Boca  have been issued or authorized.

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<PAGE>

The West Boca Shares are duly authorized, validly issued, fully paid and non-
assessable and were not issued in violation of any preemptive right of
stockholders.

          Due Authorization.  This Agreement and the other Closing Documents
          -----------------
have been duly authorized by all necessary corporate action on the part of
Olympus and do not require the consent or approval of its partners or any
trustee or holder of any of its indebtedness or other obligations, except such
as has been duly obtained, given or accomplished.

          Execution.  This Agreement and the other Closing Documents have been
          ---------
duly executed and delivered by Olympus and, assuming the due authorization,
execution and delivery thereof by the other parties thereto, constitute, or upon
execution and delivery thereof, will constitute, the legal, valid and binding
obligations of Olympus enforceable in accordance with their respective terms,
except as the enforceability of any such agreement may be limited by applicable
bankruptcy, insolvency, reorganization or moratorium or other similar laws
relating to the right of creditors generally and by general principles of equity
(regardless of whether enforcement is sought in a proceeding in equity or at
law).

          No Conflicts.  Neither the execution, delivery or performance by
          ------------
Olympus of this Agreement or the other Closing Documents to which Olympus is a
party, nor the performance by Olympus of the transactions contemplated by this
Agreement or the other Closing Documents, nor compliance by Olympus with the
provisions hereof or thereof, conflicts with, or results in the breach of any
provision of, or is inconsistent with, its certificate of limited partnership or
the Partnership Agreement, or contravenes any Applicable Law or any indenture,
mortgage or agreement for borrowed money to which Olympus is a party or any
other material agreement or instrument to which Olympus is a party or by which
it or its property is bound or would result in the creation or imposition of any
Lien on any of its properties or assets or requires any Governmental Approval
under Applicable Law.

          Governmental Approvals.  No Governmental Approval is necessary in
          ----------------------
connection with the execution and delivery of this Agreement or any other
Closing Document or for the consummation of the transfer of the West Boca Shares
other than filings under the Hart-Scott-Rodino Antitrust Improvements Act of
1976, as amended, which filings have been made and the waiting period has
expired..

          Third-Party Consents.  To the knowledge of Olympus, no filing,
          --------------------
registration, qualification, notice, consent, approval or authorization to, with
or from any Person (excluding any Governmental Authority) is necessary in
connection with the execution and delivery of this Agreement and the other
Closing Documents to be executed by Olympus or for the consummation of the
transfer of the West Boca Shares.

          Bankruptcy.  West Boca has not filed any voluntary petition in
          ----------
bankruptcy or been adjudicated as bankrupt or insolvent, filed any petition or
answer seeking any reorganization, liquidation, dissolution or similar relief
under any federal bankruptcy act, insolvency or other debtor relief law or
sought or consented to or acquiesced in the appointment of any trustee,
receiver, conservator or liquidator of all or any substantial part of its
properties.  No court of competent jurisdiction has entered an order, judgment
or decree approving a petition filed against West Boca seeking any
reorganization, arrangement, composition, readjustment, liquidation, dissolution
or similar relief under any federal bankruptcy act, insolvency or other debtor
relief law, and no other liquidator has been appointed for West Boca or of all
or any substantial part of its properties.

                                       3
<PAGE>

          No Contracts.  West Boca is not a party to any material contracts,
          ------------
instruments or agreements other than the Ft. Myers Note.

Employees; ERISA.  West Boca does not have, nor to the knowledge of Olympus in
----------------
the past has had, any employees.  West Boca does not maintain, nor has it ever
maintained, a Plan, a Benefit Plan or a Pension Benefit Plan.

Taxes.  Each of Olympus and West Boca has timely filed, or caused to be timely
-----
filed, with the appropriate taxing authorities all returns, statements, forms
and reports that are required to be filed by West Boca with respect to West Boca
or the West Boca Shares (the "Corporate Returns") on or prior to the Closing
Date and have paid all Taxes shown thereon to be due. Neither West Boca nor any
Affiliate thereof, on behalf of West Boca, has waived or extended any statute of
limitations for any Taxes.  There are no tax sharing, tax allocation, tax
indemnification or similar agreements or arrangements in effect between West
Boca and any other Person under which Cable GP could be liable for any Taxes of
any other Person.  No Person has made a claim for indemnification for Taxes
under, nor is Olympus aware of any facts or circumstances giving rise to a basis
upon which any Person may have a claim for indemnification for Taxes under, any
agreement by West Boca for indemnification.  West Boca is not a party to any
pending action by any Governmental Authority for the assessment or collection of
any Taxes, and no notice of any such assessment or collection has been received
by or communicated in writing to West Boca.

Status of Liabilities, Etc. Other than liabilities under, in respect of or
--------------------------
contemplated by this Agreement, upon consummation of the transactions
contemplated by the Closing Documents, West Boca will not have any liabilities
(contingent, unliquidated or otherwise) on the Closing Date nor will any of its
assets or properties be subject to any Lien.

Environmental Matters.

        (a) To the knowledge of Olympus, Olympus does not possess and did not
previously possess, any information relating to non-compliance by West Boca
with Environmental Laws and the properties of West Boca, except as has been
provided to Cable GP prior to the date of this Agreement.

        (b) To the knowledge of Olympus, there have been no environmental
investigations, studies, audits, tests, reviews or other analyses conducted
by, or that are in the possession of, Olympus in relation to the properties of
West Boca which have not been delivered to Cable GP prior to the date of this
Agreement.

Title to Ft. Myers Note.  West Boca owns and has good title to the Ft. Myers
-----------------------
Note and all other of its assets free and clear of all Liens.

Compliance with Laws and Orders.  West Boca is not in violation of or in default
-------------------------------
under any Applicable Law or Government Regulation applicable to West Boca or any
of its assets and properties, the effect of which, individually or in the
aggregate with other such violations and defaults, could reasonably be expected
to be materially adverse to the financial condition of West Boca.

Tax Representations and Warranties.  On and as of the Closing Date, Olympus will
----------------------------------
have delivered or caused to be delivered to Cable GP the tax basis balance
sheets for West Boca as of the end of the month prior to the Closing Date prior
to giving effect to the redemption contemplated by this Agreement and such
balance sheets shall be true and correct in all material respects as of such end
of month date and as of the Closing Date.

                                       4
<PAGE>

Financial Statements.  The financial statements of West Boca as of June 30,
--------------------
1999, together with any notes or schedules thereto are true, complete and
correct in all material respects, have been prepared in accordance with GAAP
applied on a consistent basis, and show all liabilities, direct and contingent,
of West Boca required to be shown in accordance with such principles.

Securities Laws.  Neither Olympus nor West Boca nor anyone authorized to act on
---------------
their behalves has offered (or, on the Closing Date, will have offered),
directly or indirectly, any stock in West Boca (other than to Cable GP) or any
similar security the offering of which, for purposes of the Securities Act of
1933, as amended, would be deemed to be part of the same offering as the
offering of such securities, or solicited any offer to acquire any of such
securities in violation of Section 5 of such Securities Act.

Title to West Boca Shares.  On the Closing Date, after giving effect to this
-------------------------
Agreement and the transfer of the West Boca Shares by Olympus, all of Olympus'
title to the West Boca Shares will have been duly, validly and effectively
conveyed, transferred and assigned to Cable GP free and clear of all Liens.

Litigation.  There is no litigation, at law or in equity, nor any proceedings
----------
before any commission or other governmental authority, pending, or to the best
knowledge of Olympus, threatened against Olympus which would prevent or restrict
Olympus' right or ability to consummate the transfer of the West Boca Shares or
the other transactions contemplated herein.

                                  Article 5
                 REPRESENTATIONS AND WARRANTIES OF CABLE GP

     Cable GP represents and warrants to Olympus that the following statements
are true and correct as of the Closing Date:

          Organization.  Cable GP is a corporation, duly organized, validly
          ------------
existing and in good standing under the laws of the State of Florida with full
corporate power and authority to engage in its business and operations, to
continue such business and operations as conducted at present, to enter into
this Agreement and perform the terms of this Agreement.  Cable GP is duly
qualified to conduct business and is in good standing in those jurisdictions
where the conduct of its business or the nature of its assets makes such
qualification necessary.

          Authorization of Agreement.  Cable GP has taken all necessary action
          --------------------------
to authorize and approve this Agreement, the consummation of the transactions
contemplated hereby and the performance by Cable GP of all of the terms and
conditions hereof on its part to be performed.

          Title to Interests.  Cable GP has good and valid title to the
          ------------------
Interests, and Cable GP has full power, authority and the absolute right to
transfer the Interests free and clear of all Liens except for restrictions
arising under the Partnership Agreement.

          Litigation.  There is no litigation, at law or in equity, nor any
          ----------
proceedings before any commission or other Governmental Authority, pending or,
to the best knowledge of Cable GP, threatened against Cable GP which would
prevent or restrict Cable GP's right or ability to consummate the transfer and
redemption of the Interests in Olympus or the other transactions contemplated
herein.

                                       5
<PAGE>

                                  Article 6
                                   CLOSING

          Date and Location.  Unless otherwise mutually agreed to by the
          -----------------
Parties, the Closing shall take place on the date hereof, at such location as
Olympus and Cable GP shall mutually agree (the "Closing Date").  The effective
date of the withdrawal of Cable GP and the transfer of the West Boca Shares
shall be at the close of business on the Closing Date.

          Actions to be taken by Olympus at Closing.  At Closing, Olympus shall
          -----------------------------------------
take all actions required to be taken hereunder and Olympus shall deliver to
Cable GP:

        (a) such assignments and other good and sufficient instruments of
transfer and conveyance as shall be reasonably deemed necessary or appropriate
by Cable GP to vest in or confirm to Cable GP good and valid title to the West
Boca Shares free and clear of all Liens;

        (b) all of the approvals and consents required hereunder of all
necessary parties and Governmental Authorities to the transfer and assignment
of the West Boca Shares, the withdrawal of Cable GP and redemption of the
Interests by Olympus, and the consummation of the transactions contemplated
hereunder; and

        (c)  such other documents and certificates as required to be delivered
hereunder.

          Actions to be taken by Cable GP at Closing.  At Closing, Cable GP
          ------------------------------------------
shall take all actions required to be taken hereunder and shall deliver, or
cause to be delivered, to Olympus:

        (d) all of the approvals and consents required hereunder of all
necessary parties and governmental authorities to the transfer and assignment
of the Interests, the withdrawal of Cable GP and redemption by Olympus of the
Interests, and the consummation of the transactions contemplated hereunder;
and

        (e) such documents and certificates required to be delivered hereunder
or reasonably deemed necessary or appropriate by Olympus.

                                    Article 7
                                INDEMNIFICATION

                                Indemnification.

        (a) Subject to Section 10.1 hereof, Olympus shall indemnify Cable GP
in respect of, and hold Cable GP harmless from and against, any and all Losses
suffered, incurred or sustained by Cable GP or to which Cable GP becomes
subject, resulting from, arising out of or relating to (i) any breach of
representation or warranty on the part of Olympus contained in this Agreement,
(ii) non-fulfillment of or failure to perform any covenant or agreement on the
part of Olympus contained in this Agreement or (iii) the Interests after the
Closing Date.

        (b) Subject to Section 10.1 hereof, Cable GP shall indemnify Olympus
in respect of, and hold Olympus harmless from and against, any and all Losses
suffered, incurred or sustained by

                                       6
<PAGE>

Olympus or to which Olympus becomes subject, resulting from, arising out of or
relating to (i) any breach of representation or warranty on the part of Cable
GP contained in this Agreement or (ii) non-fulfillment of or failure to
perform any covenant or agreement on the part of Cable GP contained in this
Agreement.

                                  Article 8
                                   NOTICE

          Addresses for Notice.  All notices and other communications hereunder
          --------------------
shall be in writing and deemed to have been duly given if: (a) mailed, first
class, registered or certified mail, return receipt requested, postage prepaid;
(b) delivered by courier or overnight courier providing written evidence of
receipt for hand delivery; or (c) transmitted via telecopy:

               To Olympus:

               One North Main Street
               Coudersport, PA  16915
               Attention:  Keith Horn
               Fax:  814-274-6586

                    With copies to:

                    Colin Higgin, Esquire
                    One North Main Street
                    Coudersport, PA  16915
                    Fax:  814-274-6586

                    Bruce I. Booken, Esquire
                    Buchanan Ingersoll Professional Corporation
                    301 Grant Street
                    One Oxford Centre, 20th Floor
                    Pittsburgh, PA  15219
                    Fax:  412-562-1041

               To Cable GP:

               700 Universe Boulevard
               Juno Beach, FL  33408
               Attn:  Dennis P. Coyle
               Fax:  561-694-4640

          Effectiveness of Notice.  Notice shall be deemed received the same day
          -----------------------
(when delivered personally), three (3) days after mailing (when sent by
registered or certified mail), and the next business day (when sent by facsimile
transmission or when delivered by overnight courier).  Any Party may change the
address of the Party to which all

                                       7
<PAGE>

communications and notices may be sent hereunder by addressing notices of such
change in the manner provided.

                                  Article 9
                               LAWS GOVERNING

     The construction and interpretation of this Agreement and the rights of the
Parties shall be governed by the laws of the State of Florida without regard to
its conflicts of laws provisions.

                                 Article 10
                                MISCELLANEOUS

Survival of Representations and Warranties.  Notwithstanding any investigation
------------------------------------------
and review made by Olympus or Cable GP pursuant to this Agreement, Olympus and
Cable GP agree that all of the representations, warranties, covenants and
agreements of Olympus and Cable GP contained in this Agreement or in any other
Closing Document shall survive the making of this Agreement, any investigation
or review made by or on behalf of the Parties hereto and the Closing hereunder;
provided that the representations and warranties contained in this Agreement
shall expire and be extinguished one year after the Closing Date except for
representations and warranties relating to title and ownership, which shall
survive forever.

Fair Market Value of Olympus Assets.  The Parties hereto acknowledge and agree
-----------------------------------
that, as of the Closing Date, the current fair market value of the West Boca
Shares is $108,000,000.  Olympus and Cable GP shall agree, within seventy-five
(75) days after the Closing Date, upon a schedule showing the fair market values
as of the Closing Date of the consolidated Olympus and subsidiary group assets
by category (including, but not limited to, the following categories: cash,
accounts receivable, tangible real property, tangible personal property,
franchise costs and other intangible assets (defined as the assets comprising
total intangible assets excluding franchise costs)), and schedules supporting
the tax basis of each asset category.

Counterparts.  This Agreement may be executed in one or more counterparts, all
------------
of which taken together shall constitute one instrument.
Assignment.  This Agreement may not be assigned by any Party without the prior
----------
written consent of the other Parties.

Entire Agreement.  This Agreement is entered into pursuant to that certain
----------------
Letter Agreement dated January 21, 1999 by and between Adelphia Communications
Corporation and Telesat Cablevision, Inc. and is an integrated document that
contains the entire agreement between the parties, wholly cancels, terminates
and supersedes any and all previous and/or contemporaneous oral agreements,
negotiations, commitments and writings between the parties hereto with respect
to such subject matter; provided that this Agreement shall not be deemed to
cancel, terminate or supercede any of the provisions of Article 5 of the
Partnership Agreement that inure to the benefit of Cable GP as a former partner
thereunder.  It is expressly understood by the parties to this Agreement that
this Agreement amends and supersedes those certain Powers of Attorney dated May
28, 1999 granted to Adelphia Communications Corporation and Olympus
Communications, L.P. by Telesat Cablevision, Inc., Telesat Cablevision of South
Florida, Inc., Cable GP, Inc. and Cable LP III, Inc.  No change, modification,
extension, termination, notice of termination, discharge, abandonment or waiver
of this Agreement or any of the provisions hereof, nor any representation,
promise or condition relating to this Agreement, shall be binding upon the
Parties unless made in writing and signed by the Parties.

                                       8
<PAGE>

Captions.  The captions of Sections hereof are for convenience only and shall
--------
not control or affect the meaning or construction of any of the provisions of
this Agreement.

Expenses.  Except as otherwise expressly provided herein, Olympus and Cable GP
--------
each will pay all costs and expenses, including any and all legal and accounting
fees, of its performance and compliance with all agreements and conditions
contained herein on its part to be performed or complied with.

Further Assurances.  The Parties agree to execute, acknowledge, deliver and
------------------
file, or cause to be executed, acknowledged, delivered and filed, all further
instruments, agreements or documents as may be necessary to consummate the
transactions provided for in this Agreement and to do all further acts necessary
to carry out the purpose and intent of this Agreement.

No Waiver.  No term or condition of this Agreement shall be deemed to have been
---------
waived, nor shall there be any estoppel against the enforcement of any provision
of this Agreement, except by written instrument of the Party charged with the
waiver or estoppel.  No written waiver shall be deemed a continuing waiver
unless specifically stated therein, and each waiver shall operate only as to the
specific term or condition waived and shall not constitute a waiver of the term
or condition for the future or as to any act other than that specifically
waived.  The waiver by any Party of any other Party's breach of any provision of
this Agreement shall not operate or be construed as a waiver of any subsequent
breach, and the failure of any Party to exercise any right or remedy shall not
operate or be construed as a waiver or bar to the exercise of such right or
remedy upon the occurrence of any subsequent breach.  No delay on the part of a
Party in exercising a right, power or privilege hereunder shall operate as a
waiver thereof.  No waiver on the part of a Party of a right, power or
privilege, or a single or partial exercise of a right, power or privilege, shall
preclude further exercise thereof or the exercise of any other right, power or
privilege.  The rights and remedies of this Agreement are cumulative and are not
exclusive of the rights or remedies that a Party may otherwise have at law or in
equity.

Severability.  If any one or more of the provisions of this Agreement is held
------------
invalid, illegal or unenforceable, the remaining provisions of this Agreement
shall be unimpaired, and the invalid, illegal or unenforceable provision shall
be replaced by a mutually acceptable valid, legal and enforceable provision
which comes closest to the intent of the Parties.

Binding Effect.  This Agreement shall be for the benefit of, and shall be
--------------
binding upon, the Parties and their respective heirs, personal representatives,
executors, legal representatives, successors and permitted assigns.

Jurisdiction and Venue.  Each of the Parties hereto hereby irrevocably consents
----------------------
and agrees that any legal action or proceedings with respect to this Agreement
and the other Closing Documents may be brought in the United States District
Court for the Southern District of Florida or in any state court having subject
matter jurisdiction located in the County of Palm Beach, Florida, and, by
execution and delivery of this Agreement and the other Closing Documents, each
such Party hereby (i) accepts the non-exclusive jurisdiction of the aforesaid
courts, (ii) irrevocably agrees to be bound by any final judgment (after any and
all appeals) of any such court with respect to such Closing Documents, (iii)
irrevocably waives, to the fullest extent permitted by law, any objection which
it may now or hereafter have to the laying of venue of any suit, action or
proceedings with respect to such documents brought in any such court, and
further irrevocably waives, to the fullest extent permitted by law, any claim
that any such suit, action or proceedings brought in any such court has been
brought in any inconvenient forum, (iv) agrees that service of process in any
such action may be effected by mailing a copy thereof by registered or certified
mail (or any

                                       9
<PAGE>

substantially similar form of mail), postage prepaid, to such Party at its
address set forth above, or at such other address of which the other Parties
hereto shall have been notified and (v) agrees that nothing herein shall
affect the right to effect service of process in any other manner permitted by
law or limit the right to bring any suit, action or proceeding in any other
jurisdiction.

Waiver of Trial by Jury.  EACH PARTY HERETO HEREBY KNOWINGLY, VOLUNTARILY AND
-----------------------
INTENTIONALLY WAIVES THE RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT AND ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN CONJUNCTION HEREWITH,
OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR
WRITTEN) OR ACTIONS OF ANY PARTY.  THIS PROVISION IS A MATERIAL INDUCEMENT FOR
THE PARTIES ENTERING INTO THIS AGREEMENT.

                  [Remainder of Page Intentionally Left Blank]

                                       10
<PAGE>

     IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed
by their duly authorized corporate officers on the day and year first above
written.

                              OLYMPUS COMMUNICATIONS, L.P.

                              By:  ACP Holdings, Inc., Managing General Partner

                              By:   /s/  Michael C. Mulcahey
                                   -------------------------
                              Name: Michael C. Mulcahey
                              Title: Assistant Treasurer

                              CABLE GP, INC.

                               By:  /s/  Dennis P. Coyle
                                    --------------------
                               Name:  Dennis P. Coyle
                               Title:  President

                                       11
<PAGE>

                                                                         ANNEX I
                                  DEFINITIONS

     Unless the context otherwise requires, the following terms shall have the
following meanings, and such meanings shall include the plural as well as the
singular of each such term:

     "Affiliate" of a specified Person means any other Person that, directly or
indirectly, controls, is controlled by, or is under common control or ownership
with the Person.  "Control" of a Person (including, with correlative meanings,
the terms "controlled by" or "under common control with") means the possession,
direct or indirect, of the power to direct or cause the direction of the
management and policies of a Person, whether through the ownership of voting
securities, by contract or otherwise.

     "Applicable Law" shall mean all applicable laws, statutes, treaties, rules,
codes, ordinances, regulations, permits, official guidelines, certificates,
orders, geothermal resources operational orders (and the leases issued
thereunder), interpretations, licenses, leases and permits of any Governmental
Authority, Governmental Approvals, environmental laws, and judgments, decrees,
injunctions, writs, orders or like action of any court, arbitrator or other
judicial or quasi-judicial tribunal of competent jurisdiction and all
requirements of law.

     "Benefit Plan" means any Plan established by West Boca existing at the
Closing Date or at any time within the five (5) year period prior thereto, to
which West Boca contributes or has contributed, or under which any employee,
former employee or director of West Boca or any beneficiary thereof is covered,
is eligible for coverage or has benefit rights.

     "Closing" shall have the meaning set forth in Article 6 of the Agreement.

     "Closing Date" shall have the meaning set forth in Section 0.

     "Closing Documents" shall mean this Agreement, the Pledge Agreement and any
other document required to be executed and delivered at or after the Closing in
connection with the transactions contemplated hereunder.

     "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended, and the rules and regulations promulgated thereunder.

     "Ft. Myers Note" shall mean that certain Term Note dated as of October 1,
1999 made by Ft. Myers Acquisition Limited Partnership in the principal amount
of $108,000,000.

     "GAAP" shall mean generally accepted accounting principles in the United
States of America from time to time as set forth in (a) the opinions and
pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and (b) statements and pronouncements of the
Financial Accounting Standards Board.
<PAGE>

     "Governmental Approvals" shall mean all authorizations, consents,
approvals, waivers, exceptions, variances, orders, franchises, permits,
licenses, leases, exemptions, publications, filings, notices to and declarations
of or with any Governmental Authority (including siting, occupancy, use,
building, construction and operating permits).

     "Governmental Authority" shall mean any federal, state, county, municipal,
foreign, international, regional or other governmental or regulatory authority,
agency, board, body, commission, any arbiter pursuant to mandatory provisions of
law, instrumentality or court or any political subdivision of any of the
foregoing.

     "knowledge," when used in the phrases "to the knowledge of [any Party]," or
"to [any Party's] knowledge" or "if [any Party] has knowledge" means, and shall
be limited to, the actual knowledge of the appropriate individuals for each
Party.

     "Liens" shall mean a mortgage, pledge, lien, security interest or other
charge or encumbrance or any segregation of assets or revenues or other
preferential arrangement (whether or not constituting a security interest)
whether voluntary or involuntary, whether granted by agreement, statute or
otherwise, with respect to any present or future assets, including fixtures,
revenues or rights to the receipt of income of the Person referred to in the
context in which the term is used.

     "Loss" means any and all damages, fines, penalties, deficiencies, losses
and expenses (including without limitation interest, court costs, reasonable
fees of attorneys, accountants and other experts or other reasonable expenses of
litigation or other proceedings or of any claim, default or assessment) and
shall be calculated on an after-tax basis (computed based on the highest
marginal Federal, state and local corporate income tax rates in effect from time
to time).

     "Partnership Agreement" shall mean the Second Amended and Restated Limited
Partnership Agreement of Olympus Communications, L.P. dated as of February 28,
1995 by and among ACP Holdings, Inc., a Delaware corporation, Cable GP, Inc., a
Florida corporation, and Cable LP III, Inc., a Florida corporation, as amended
by the First Amendment to the Second Amended and Restated Limited Partnership
Agreement of Olympus Communications, L.P. effective September 1, 1995, the First
Amendment to the Second Amended and Restated Limited Partnership Agreement of
Olympus Communications L.P. dated as of March 29, 1996, the Second Amendment to
the Second Amended and Restated Limited Partnership Agreement of Olympus
Communications, L.P. dated as of June 27, 1996 and the Third Amendment to the
Second Amended and Restated Limited Partnership Agreement of Olympus
Communications, L.P. dated as of October 1, 1999.

     "Party" shall mean a party to this Agreement individually, and "Parties"
shall mean such Persons, collectively.

                                      2
<PAGE>

     "Pension Benefit Plan" means each Benefit Plan which is a pension benefit
plan within the meaning of Section 3(2) of ERISA.

     "Person" shall mean an individual, association, institution, corporation,
partnership, joint venture, trust or unincorporated organization, or a
government or any agency or political subdivision thereof.

     "Plan" means any bonus, incentive compensation, deferred compensation,
pension, profit sharing, retirement, stock purchase, stock option, stock
ownership, stock appreciation rights, phantom stock, leave of absence, layoff,
vacation, day or dependent care, legal services, cafeteria, life, health,
accident, disability, workers' compensation or other insurance, severance,
separation or other employee benefit plan, practice, policy or arrangement of
any kind, whether written or oral, including, but not limited to, any "employee
                                                                       --------
benefit plan" within the meaning of Section 3(3) of ERISA.
------------

     "Taxes" shall mean all taxes, assessments, charges, duties, fees, levies or
other governmental charges, including, without limitation, all federal, state,
local foreign and other income, franchise, profits, capital gains, capital
stock, transfer, sales, use, occupation, property, excise, severance, windfall
profits, stamp, license, payroll, withholding and other taxes, assessments,
charges, duties, fees, levies or other governmental charges of any kind
whatsoever (whether payable directly or by withholding and whether or not
requiring the filing of a return), and all estimated taxes, deficiency
assessments, additions to tax, penalties and interest.

                                      3

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