Document:

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                                                                  EXHIBIT 10.11

                                    FORM OF

                            BRAND LICENSE AGREEMENT

                                    BETWEEN

                           WARNER COMMUNICATIONS INC.

                                      AND

                             TIME WARNER CABLE INC.

                                  DATED AS OF

                                  ______, 2002

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                               TABLE OF CONTENTS

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1.       DEFINITIONS.....................................................................................1

2.       GRANT OF LICENSE................................................................................6
         2.1      High Speed Internet Services...........................................................7
         2.2      Promotional Products...................................................................7
         2.3      Ancillary Broadband Services...........................................................7
         2.4      Portals................................................................................7
         2.5      Content, Equipment and Software........................................................7
         2.6      Transferability........................................................................8
         2.7      Request for License....................................................................8
         2.8      Reservation of Rights..................................................................8

3.       RESTRICTIONS ON USE OF LICENSED MARK AND LICENSED COPYRIGHT.....................................8
         3.1      Resellers..............................................................................8
         3.2      Use of Licensed Marks or Licensed Copyright with Licensee Marks........................9
         3.3      Bundling...............................................................................9
         3.4      Co-Marketing...........................................................................9
         3.5      General Purpose Credit Cards...........................................................9
         3.6      Dealers................................................................................9
         3.7      Sublicenses...........................................................................10

4.       TERM AND TERMINATION...........................................................................10
         4.1      Term..................................................................................10
         4.2      Termination...........................................................................10
         4.3      Notice of Termination.................................................................11
         4.4      Effect of Termination.................................................................11
         4.5      Other Rights Unaffected...............................................................12
         4.6      Bankruptcy............................................................................12

5.       QUALITY CONTROL................................................................................12
         5.1      General...............................................................................12
         5.2      Quality Standards.....................................................................12
         5.3      Quality Service Reviews; Right of Inspection..........................................14
         5.4      Authorized Dealers, Resellers, Value Added Resellers and Sublicensees.................14

6.       REMEDIES FOR NON-COMPLIANCE WITH QUALITY STANDARDS.............................................15
         6.1      Non-compliance with Quality Standards and Cure........................................15
         6.2      Potential Injury to Persons or Property...............................................15
         6.3      Licensor's Rights to License Others...................................................16
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7.       PROTECTION OF LICENSED MARKS AND LICENSED COPYRIGHT............................................16
         7.1      Ownership and Rights to the Licensed Marks and Licensed Copyright.....................16
         7.2      Similar Marks.........................................................................18
         7.3      Infringement..........................................................................19
         7.4      Compliance with Legal Requirements....................................................19

8.       USE OF LICENSED MARKS AND LICENSED COPYRIGHT AND OTHER MARKS AND COPYRIGHTS....................20
         8.1      Licensee Marks........................................................................20
         8.2      Modification of Licensed Marks or Licensed Copyright..................................20
         8.3      Third Party Marks.....................................................................21
         8.4      Internet Domain Names.................................................................21

9.       LIABILITY AND INDEMNIFICATION..................................................................22
         9.1      Indemnification.......................................................................22
         9.2      Notification and Defense of Claims....................................................22
         9.3      Insurance.............................................................................24

10.      AGREEMENT PERSONAL.............................................................................25
         10.1     Personal to Licensee..................................................................25
         10.2     Licensee Acknowledgment...............................................................25

11.      RETENTION OF RIGHTS............................................................................25

12.      SPONSORSHIP....................................................................................26

13.      CONSENT OF LICENSOR............................................................................26

14.      NOTICES........................................................................................26

15.      GOVERNMENTAL LICENSES, PERMITS AND APPROVALS...................................................27

16.      APPLICABLE LAW.................................................................................27

17.      CONFIDENTIALITY OF INFORMATION AND USE RESTRICTION.............................................27

18.      MISCELLANEOUS..................................................................................28
         18.1     Entire Agreement......................................................................28
         18.2     Relationship of the Parties...........................................................28
         18.3     Amendments, Waivers...................................................................28
         18.4     Assignment............................................................................28
         18.5     Specific Performance..................................................................28
         18.6     Remedies Cumulative...................................................................29
         18.7     No Waiver.............................................................................29
         18.8     Rules of Construction.................................................................29
         18.9     No Third Party Beneficiaries..........................................................29
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         18.10    Counterparts..........................................................................29
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                            BRAND LICENSE AGREEMENT

                  BRAND LICENSE AGREEMENT (the "Agreement") dated as of
_________ __, 2002 and effective as of the Closing, by and between Warner
Communications Inc., a Delaware corporation, with offices located at 75
Rockefeller Plaza, New York, New York 10019 ("Licensor"), and Time Warner Cable
Inc. a Delaware corporation, with offices located at 290 Harbor Drive,
Stamford, Connecticut 06902 ("Licensee"). Certain capitalized terms used herein
are defined in Article 1.

                  WHEREAS, Licensor owns and desires that Licensee have the
right to use the Licensed Marks and the Licensed Copyright in connection with
the Licensed Services; and

                  WHEREAS, Licensee wishes to use the Licensed Marks and the
Licensed Copyright in a limited manner in the Licensed Territory in connection
with the Licensed Services; and

                  WHEREAS, Licensor is willing to license and allow Licensee to
use the Licensed Marks and the Licensed Copyright in the Licensed Territory
under the terms and conditions set forth in this Agreement; and

                  WHEREAS, this Agreement is effective on the Closing.

                  NOW, THEREFORE, in consideration of the mutual promises and
covenants herein contained and for other good and valuable consideration the
receipt and sufficiency of which are hereby acknowledged, the parties hereby
agree as follows:

1.       DEFINITIONS

                  "AFFILIATE": An Affiliate of a Person means a Person that
controls, is controlled by, or is under common control with such Person.

                  "ANCILLARY BROADBAND SERVICES": The following products or
services:

                  (a)      The marketing, provision and sale of customer care
                           services in support of Licensee's provision of
                           Licensed Services;

                  (b)      The marketing, provision and sale of activation and
                           authorization services (for avoidance of doubt,
                           authorization service is the provision of a signal
                           to a set top box, which signal authorizes the
                           subscriber to receive specified services using that
                           box; activation service is the provision of a signal
                           to a set top box, which signal activates the box to
                           receive any services) in support of Licensee's
                           provision of Licensed Services to its customers;

                  (c)      The marketing, provision, sale and distribution of
                           Point Of Deployment modules (PODS) that are used to
                           identify a Consumer as an authorized subscriber of
                           Licensee's High Speed Internet
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                           Services entitled to certain pre-selected
                           proprietary features available from the High Speed
                           Internet Services;

                  (d)      The offer and sale of advertising inventory to third
                           parties, which advertising may appear on High Speed
                           Internet Services owned or managed by Licensee, on
                           High Speed Internet Services owned or managed by
                           other operators, and/or on or in Licensee's web
                           sites or other promotional or informational vehicles
                           (e.g., monthly bills); and

                  (e)      Any other ancillary services provided in connection
                           with the Licensed Services, including repair,
                           billing and provisioning services.

                  "APPROVAL": The granting by all appropriate Regulatory
Authorities of all necessary licenses, permits, approvals, authorizations and
clearances for this Agreement and the registration or recording of this
Agreement as required by all Regulatory Authorities.

                  "AUTHORIZED DEALERS": Any distributor or other agent of
Licensee authorized by Licensee to market, advertise or otherwise offer, on
behalf of Licensee, any Licensed Services or Promotional Products under the
Licensed Marks or the Licensed Copyright in the Licensed Territory.

                  "BANKRUPTCY": With respect to a Person, means (i) the filing
by such Person of a voluntary petition seeking liquidation, dissolution,
reorganization, rearrangement or readjustment, in any form, of its debts under
Title 11 of the United States Code (or corresponding provisions of future laws)
or any other bankruptcy or insolvency law, or such Person's filing an answer
consenting to, or acquiescing in any such petition; (ii) the making by such
Person of any assignment for the benefit of its creditors, or the admission by
such Person in writing of its inability to pay its debts as they mature; (iii)
the expiration of 60 days after the filing of an involuntary petition under
Title 11 of the United States Code (or corresponding provisions of future
laws), an application for the appointment of a receiver for the assets of such
Person, or an involuntary petition seeking liquidation, dissolution,
reorganization, rearrangement or readjustment of its debts or similar relief
under any bankruptcy or insolvency law, provided that, the same shall not have
been vacated, set aside or stayed within such 60 day period; or (iv) the entry
of an order for relief against such Person under Title 11 of the United States
Bankruptcy Code.

                  "CHANGE OF CONTROL": with respect to Licensee, shall mean the
occurrence of the earlier of the following:

                  (a)      The beneficial owner (for all purposes hereof,
within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act
of 1934, as amended) as of the Closing of a majority of (i) the outstanding
shares of common stock of the Licensee (the "Outstanding Company Common Stock")
or (ii) the combined voting power of the

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outstanding voting securities of the Licensee entitled to vote generally in
the election of directors of the Licensee (the "Outstanding Company Voting
Securities"), ceases to beneficially own, together with its Affiliates, at
least 40% of the Outstanding Common Stock or the Outstanding Company Voting
Securities; or

                  (b)      A change of Control of Licensee, as determined by
Licensor acting in good faith; provided that, this section (b) shall not apply
until the beneficial owner as of the Closing of a majority of the Outstanding
Company Common Stock or the Outstanding Company Voting Securities ceases to
beneficially own, together with its Affiliates, at least 60% of the Outstanding
Common Stock or the Outstanding Company Voting Securities.

                  "CLOSING": As defined in the Restructuring Agreement.

                  "CO-MARKETING": The marketing, promotion, advertising,
offering or sale of one Person's goods or services with another Person's goods
or services.

                  "CONSUMER": An end-user of any product or service who uses
that product or service.

                  "CONTROL": means the possession, directly or indirectly, of
the power to direct or cause the direction of the management and policies of
such entity, whether through ownership of voting securities or other interests,
by contract or otherwise.

                  "COPYRIGHT": Any original works of authorship fixed in any
tangible medium of expression as set forth in 17 U.S.C. ss. 101 et. seq. and any
registrations and applications therefor.

                  "DEDICATED WIRELESS DEVICES": Bi-directional cellular
telecommunication devices that use Mobile Wireless Services as their sole mode
of communication with other devices (other than a personal computer for
purposes of synchronizing a calendar or address book) and users.

                  "DEDICATED WIRELESS PORTALS": Portals that are used solely
for, and accessed solely through, Mobile Wireless Services.

                  "DMA": Designated marketing area, as determined by Nielson
Media Research and published in its Nielson Station Index Directory and Nielson
Station Index US Television Household Estimates.

                  "EQUIPMENT AND SOFTWARE": As defined in Section 2.5.

                  "FCC": The Federal Communications Commission and any
successor governmental authority.

                  "FIELD OF USE": The provision in the Licensed Territory of
High Speed Internet Services, Ancillary Broadband Services and Equipment and
Software.

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                  "HIGH SPEED INTERNET SERVICES": The service of providing
subscribers with use of "online services" at a digital signal rate of 128
kilobits per second or above. For purposes of this definition, "online
services" means the services available over the Internet. For avoidance of
doubt, the "online services" themselves are not High Speed Internet Services.

                  "INDEMNIFIED PARTY": As defined in Section 9.3 of this
Agreement.

                  "INDEMNIFYING PARTY": As defined in Section 9.3 of this
Agreement.

                  "LICENSED COPYRIGHT": shall mean certain Copyrights of the
Warner Bros. cartoon character known as ROAD RUNNER.

                  "LICENSED MARKS": shall mean the ROAD RUNNER and the ROAD
RUNNER word Mark, various depictions of the ROAD RUNNER mark and the Warner
Bros. cartoon character known as ROAD RUNNER, and Licensor's Trade Dress and
other indicia associated with the Warner Bros. character known as the ROAD
RUNNER, including but not limited to its characteristic "BEEP BEEP".

                  "LICENSED SERVICES": High Speed Internet Services and
Ancillary Broadband Services, each in the Licensed Territory.

                  "LICENSED TERRITORY": The Licensed Territory shall be the
United States, its territories and possessions thereof, and Canada.

                  "LICENSEE": As defined in the Preamble to this Agreement.

                  "LICENSEE MARKS": All Marks which are adopted, used and owned
by Licensee after the Closing in connection with the Licensed Services or
Promotional Products. For avoidance of doubt, Licensee Marks does not include
Marks that incorporate the Licensed Marks or the Licensed Copyright.

                  "LICENSOR": As defined in the Preamble to this Agreement.

                  "MARK": Any name, brand, mark, trademark, service mark, sound
mark, design, logo, trade dress, trade name, business name, slogan, domain name
or other indicia of origin.

                  "MARKETING MATERIALS": Any and all materials, whether
written, oral, visual or in any other medium, used by Licensee or its
Authorized Dealers, Resellers or Value Added Resellers or Sublicensees to
market, advertise or otherwise offer any Licensed Services under the Licensed
Marks or the Licensed Copyright, including but not limited to Promotional
Products.

                  "MOBILE WIRELESS SERVICES": A non-private telecommunications
service that provides wide-area communication of information, including voice,
data, video or combinations thereof, over a bi-directional communication path
that extends through the air from a base-station to a mobile-subscriber
communication device, which base-station

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transmits and receives subscriber-addressed, communications to and from more
than one addressed subscriber and wherein the communication path is switched
from one such base-station to another such base-station in response to movement
of the addressed subscriber's mobile communication device. Mobile Wireless
Services shall not include a private telecommunications connection within or
around a residence or business that provides local-area communication of
information at or around such residence or business.

                  "PERSON": Any individual, corporation, partnership, firm,
joint venture, limited liability company, limited liability partnership,
association, joint-stock company, trust, estate, incorporated or unincorporated
organization, governmental or regulatory body, business unit, or other entity.

                  "PORTAL": An Internet web site that serves as a gateway to
the Internet and that includes one or more of the following features: a search
engine; electronic mail; instant messaging; chat services; or web hosting.

                  "PROMOTIONAL PRODUCTS": Any goods or services which are used
to advertise or promote any Licensed Services, such as t-shirts, golf balls,
pens and the like, but not any products or services that, in Licensor's opinion
acting in good faith, are not fairly characterized as being used for
advertisement or promotion.

                  "QUALITY CONTROL REPRESENTATIVES": Representatives of
Licensor appointed in accordance with Article 5.

                  "QUALITY STANDARDS": As defined in Section 5.2 of this
Agreement.

                  "REGULATORY AUTHORITY": Any regulatory, administrative or
governmental entity, authority, agency, commission, tribunal or official,
including without limitation, the FCC and the Export Licensing Office of the
U.S. Department of Commerce.

                  "RESELLER": Any Person other than Licensee that sells,
distributes or leases Licensed Services from Licensee.

                  "RESTRUCTURING AGREEMENT": The Restructuring Agreement, dated
as of the date hereof, by and among AOL Time Warner Inc., a Delaware
corporation, AT&T Corp., a New York corporation, and the other parties named
therein.

                 "ROAD RUNNER LICENSEES": Those Persons and business units
that are part of Licensor as of the Closing and any other Persons who are
licensed under, or otherwise permitted to use, the Licensed Marks or the
Licensed Copyright by Licensor prior to or during the term of this Agreement.

                  "SERVICE BUNDLES": A single contract offered or supplied to a
Person for multiple services or systems integration contracts. For avoidance of
doubt, Licensee's

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offering of any two or more Licensed Services in a package shall not itself
constitute a Service Bundle hereunder.

                  "SIGNIFICANT BREACH BY LICENSEE": As defined in Section 4.2
of this Agreement.

                  "STYLE GUIDELINES": The guidelines controlling certain
aspects of the use of the Licensed Marks and Licensed Copyright including, but
not limited to, the size, color and appearance of the Licensed Marks and
Licensed Copyright as set forth in the official Style Guide to be provided to
Licensee on the Closing and periodically thereafter.

                  "SUBLICENSEE": As defined in Section 3.7 of this Agreement.

                  "SUBMITTED MATERIALS": As defined in Section 5.2 of this
Agreement.

                  "SUBSIDIARY": With respect to any Person, any entity of which
securities or other ownership interests having ordinary voting power to elect a
majority of the board of directors or other body performing similar functions
are at any time directly or indirectly owned by such Person.

                  "SUCCESSOR": With respect to any party, any successor,
transferee or assignee, including, without limitation, any receiver,
debtor-in-possession, trustee, conservator or similar Person with respect to
such party or such party's assets.

                  "TERM":  As defined in Section 4.1 of this Agreement.

                  "TRADE DRESS": The general image or appearance of the
Licensed Mark and of the Licensed Services and Marketing Materials or
Promotional Products and any packaging and labeling therefor, including without
limitation, the combination of colors, designs, sizing configurations,
publication formats and the like as set forth in the Style Guidelines and as
such trade dress may be modified or replaced pursuant to Section 8.2 of this
Agreement, and such other trade dress as may be added thereto or substituted
therefor in accordance with Section 8.2.

                  "TW LICENSEES": As defined in that certain Brand License
Agreement, dated as of the date hereof, by and between Time Warner Inc., a
Delaware corporation, and Licensee.

                   "VALUE ADDED RESELLER": Any Person that combines Licensed
Services with additional software, services or features and then sells,
distributes or leases such combinations directly to end users.

2.       GRANT OF LICENSE

                  Subject to the terms and conditions of this Agreement,
Licensor makes the following royalty-free license grants:

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         2.1      High Speed Internet Services. Licensor hereby grants to
Licensee an exclusive, perpetual right and license to use the Licensed Marks
and the Licensed Copyright in accordance with the Quality Standards as set
forth in Article 5 to provide High Speed Internet Services in the Licensed
Territory.

                  For avoidance of doubt, outside the Licensed Territory,
Licensee has no right or license to use the Licensed Marks or the Licensed
Copyright in connection with High Speed Internet Services. Notwithstanding
anything to the contrary contained herein, Licensor has the right to use, and
license to any Person, the Licensed Marks and the Licensed Copyright throughout
the world, including within the Licensed Territory, in connection with content
distributed through High Speed Internet Services or any other distribution
networks. Without limiting the effect of the preceding sentences in any way,
Licensor agrees not to license to any Person, the Licensed Marks and the
Licensed Copyright for the provision of such services using DSL (digital
subscriber line), dial-up or DBS (direct broadcast satellite) technologies in
the Licensed Territory.

         2.2      Promotional Products. Licensor hereby grants to Licensee a
non-exclusive, perpetual right and license to use the Licensed Marks and the
Licensed Copyright in accordance with the Quality Standards as set forth in
Article 5 on Promotional Products in the Licensed Territory.

         2.3      Ancillary Broadband Services. Licensor hereby grants to
Licensee an exclusive, perpetual right and license to use the Licensed Marks
and the Licensed Copyright in accordance with the Quality Standards as set
forth in Article 5 for Ancillary Broadband Services provided in the Licensed
Territory.

         2.4      Portals. Licensor hereby grants to Licensee a non-exclusive
perpetual right and license to use the Licensed Marks and Licensed Copyright in
accordance with the Quality Standards as set forth in Article 5 on Portals that
are used in connection with High Speed Internet Services provided to
subscribers of the Licensed Services in the Licensed Territory; provided that,
any use of the Licensed Marks or the Licensed Copyright in connection with
Portals must be accompanied by a source indicator that identifies the nature of
the Licensed Services (e.g., high speed online services) and said source
indicator shall be in close proximity to the Licensed Marks or the Licensed
Copyright and shall not appear smaller than, or less visible than the
surrounding text; provided that, Licensee shall have a transitional period of
three months following the Closing to ensure it is in compliance with this
Section 2.4.

         2.5      Equipment and Software. Licensor hereby grants to Licensee an
exclusive, perpetual right and license to use the Licensed Marks and Licensed
Copyright in accordance with the Quality Standards as set forth in Article 5 on
equipment and software used in connection with the provision of Licensed
Services, other than the following:

                  (a)      Communication devices, such as telephones, pagers,
                           email devices, etc.;

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                  (b)      Telephone answering devices;

                  (c)      Personal digital assistants; and

                  (d)      Telephone accessories (e.g., handset cords; outlet
                           jacks; cord detanglers; amplification headsets),

but including cable set top boxes, cable modems and in-home networking
equipment for connecting set top boxes or cable modems with other devices for
service applications (the "Equipment and Software").

         2.6      Transferability. Except as provided in Section 3.1 with
respect to Resellers and Value Added Resellers, in Section 3.6 with respect to
Authorized Dealers and in Section 3.7 with respect to Sublicenses, the licenses
granted herein shall be non-transferable.

         2.7      Request for License. If Licensee wishes to use the Licensed
Marks on any goods or services other than Licensed Services and Promotional
Products or on any goods or services or in any territory not expressly granted
by this Agreement, it may request a grant of such license from Licensor.

         2.8      Reservation of Rights. Except as expressly licensed in this
Article 2, Licensee shall have no rights or license to use any of the Licensed
Marks or Licensed Copyright in connection with any products or services. To the
extent Licensee has been granted "exclusive" rights pursuant to the provisions
of this Article 2, such "exclusive" rights solely relate to the use of the
Licensed Marks and the Licensed Copyright in connection with the specified
provision of the Licensed Services in the Licensed Territory. Except to the
extent Licensee has been granted "exclusive" rights pursuant to the provisions
of this Article 2, Licensor retains the sole and exclusive right to use any
Marks and Copyrights, including the Licensed Marks and the Licensed Copyright
for any purpose whatsoever. Licensee covenants and agrees that it will not use
any of the Licensed Marks or the Licensed Copyright in connection with any
products or services or in any territory that are not expressly licensed
pursuant to the provisions of this Article 2 and any such unlicensed use by
Licensee of the Licensed Marks or the Licensed Copyright shall be deemed a
"Significant Breach by Licensee" under Section 4.2 of this Agreement unless
cured pursuant to Section 4.2(a) of this Agreement.

                  Without in any way limiting the foregoing, Licensee shall not
use the Licensed Marks or Licensed Copyright in connection with Dedicated
Wireless Devices or Dedicated Wireless Portals.

3.       RESTRICTIONS ON USE OF LICENSED MARK AND LICENSED COPYRIGHT

         3.1      Resellers. Licensee may permit Resellers and Value Added
Resellers to use the Licensed Marks and/or the Licensed Copyright on a
non-exclusive basis and solely in connection with Licensed Services obtained
from Licensee; provided, however,

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that any such use shall be in accordance with the terms of this Agreement,
including the Quality Standards set forth in Article 5 and such use shall only
be in the same Field of Use as Licensee. For avoidance of doubt, no Reseller or
Value Added Reseller may use any Licensed Marks and/or the Licensed Copyright
in any manner that would violate this Agreement if performed by Licensee and
any use of Licensed Marks and/or the Licensed Copyright by a Reseller or Value
Added Reseller in such manner shall be deemed use by Licensee in violation of
the relevant provision(s) of this Agreement.

         3.2      Use of Licensed Marks or Licensed Copyright with Licensee
Marks. Any use by Licensee of Licensee Marks in conjunction with the Licensed
Marks or the Licensed Copyright must comply with all other terms of this
Agreement, including without limitation, the Quality Standards set forth in
Article 5.

         3.3      Bundling. Licensee may use the Licensed Marks and the
Licensed Copyright in connection with Service Bundles in accordance with the
Quality Standards set forth in Article 5 on a non-exclusive basis if:

                  (a)      The Service Bundle is predominantly built around a
                           Licensed Service or is provided in conjunction with
                           an Affiliate of Licensor; and

                  (b)      Licensee is in compliance with its material
                           obligations under any supply agreement with
                           Licensor, a TW Licensee or a ROAD RUNNER Licensee
                           for all elements that are included in the Service
                           Bundle, if any such agreement is in place.

         3.4      Co-Marketing.

                  (a)      Licensee may not use the Licensed Marks or the
                           Licensed Copyright in Co-Marketing without
                           Licensor's prior written consent, not to be
                           unreasonably withheld.

                  (b)      Any use of the Licensed Marks or Licensed Copyright
                           in connection with approved Co-Marketing shall
                           comply with the Quality Standards set forth in
                           Article 5 and Licensor's Co-Marketing Guidelines, as
                           in effect from time to time.

         3.5      General Purpose Credit Cards. Licensee may not permit
Licensed Marks or the Licensed Copyright to be used on or in connection with
any consumer general credit card.

         3.6      Dealers. Licensee may grant Authorized Dealers limited
permission to use the Licensed Marks and the Licensed Copyright on a
non-exclusive basis and solely in connection with the provision of Licensed
Services obtained from Licensee; provided, however, that any such use shall be
in accordance with the terms of this Agreement, including the Quality Standards
set forth in Article 5 and as set forth in the Style Guidelines, and such use
shall only be in the same Field of Use as Licensee. For avoidance of doubt, no
Authorized Dealer may use any Licensed Marks or the Licensed

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Copyright in any manner that would violate this Agreement if performed by
Licensee and any use of Licensed Marks and the Licensed Copyright by an
Authorized Dealer, in such manner shall be deemed use by Licensee in violation
of the relevant provision(s) of this Agreement.

         3.7      Sublicenses. Notwithstanding anything to the contrary herein,
Licensee shall have the right to grant sublicenses to use the Licensed Marks
and the Licensed Copyright for Licensed Services or Promotional Products to its
Subsidiaries (a "Sublicensee"), provided, however, that any such use shall be
in accordance with the terms of this Agreement including the Quality Standards
set forth in Article 5 and that the sublicense granted to such Person shall
only be effective for so long as such Person remains a Subsidiary of Licensee.
Except as otherwise expressly provided in this Article 3, Licensee shall have
no right to sublicense the Licensed Marks or the Licensed Copyright.

4.       TERM AND TERMINATION

         4.1      Term. This Agreement shall remain in effect unless terminated
in accordance with the provisions hereof.

         4.2      Termination. Notwithstanding the foregoing, Licensor shall
have the right, subject to Section 4.3 below, to terminate this Agreement
without prejudice to any rights which it may have, whether pursuant to this
Agreement, or in law or equity or otherwise, upon the occurrence of a
Significant Breach by Licensee. A "Significant Breach by Licensee" shall mean,
after exhaustion of any applicable cure periods set forth in this Agreement,
any one or more of the following events:

                  (a)      Any of Licensee, an Authorized Dealer, Reseller,
                           Value Added Reseller or any Sublicensee uses the
                           Licensed Marks or the Licensed Copyright in a manner
                           which fails to comply in all material respects with
                           the provisions of this Agreement, and fails to cure
                           such breach within sixty (60) days of receipt of
                           written notice of such breach; or

                  (b)      Any use of the Licensed Marks or the Licensed
                           Copyright by any of the Licensee, an Authorized
                           Dealer, Reseller, Value Added Reseller or any
                           Sublicensee fails to comply in all material respects
                           with the Quality Standards set forth in Article 5
                           and continues for more than sixty (60) days after
                           written notice thereof has been given to the
                           Licensee in accordance with Section 6.1; or

                  (c)      Licensee fails to provide performance data and
                           representative samples of Marketing Materials to
                           Licensor's Quality Control Representative for the
                           purposes permitted hereunder pursuant to the
                           provisions of Section 5.3 hereof and fails to cure
                           such breach within sixty (60) days of receipt of
                           written notice of such breach; or

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                  (d)      Licensee, an Authorized Dealer, Reseller, Value
                           Added Reseller or any Sublicensee fails to comply
                           with any material laws, regulations or industry
                           standards, or any governmental agency, Regulatory
                           Authority or other body, office or official vested
                           with appropriate authority finds that the services
                           or products being offered under the Licensed Marks
                           and/or Licensed Copyright are being provided in
                           contravention of material, applicable laws,
                           regulations or standards and fails to cure such
                           breach within sixty (60) days of receipt of written
                           notice of such breach or such date as is set by the
                           relevant Regulatory Authority, whichever is earlier;
                           or

                  (e)      Licensee fails to deliver to Licensor or to maintain
                           in full force and effect the insurance referred to
                           in Section 9.4 hereof and fails to cure such breach
                           within sixty (60) days of receipt of written notice
                           of such breach; or

                  (f)      Licensee shall be unable to pay its debts in the
                           ordinary course of business or when they become due,
                           or shall file for Bankruptcy; or

                  (g)      Any other material breach of this Agreement by
                           Licensee, its Authorized Dealers, Resellers, Value
                           Added Resellers or any Sublicensee which breach
                           continues for more than sixty (60) days after
                           written notice thereof has been given to Licensee,
                           except as may otherwise be provided in Section 6.1;
                           or

                  (h)      A Change of Control shall have occurred with respect
                           to Licensee; or

                  (i)      Licensee's breach of Section 12.1, which breach
                           continues for more than sixty (60) days after
                           written notice thereof has been given to Licensee
                           and which breach Licensor reasonably determines has
                           a material adverse effect on Licensor or the
                           Licensed Marks or Licensed Copyright; or

                  (j)      Licensee shall materially breach any other agreement
                           in effect between Licensee on the one hand and
                           Licensor on the other and Licensor reasonably
                           determines that such breach has a material adverse
                           effect on the relationship between Licensee and the
                           Licensor that is not reasonably capable of being
                           cured.

         4.3      Notice of Termination. In the event any "Significant Breach
by Licensee" occurs, Licensor may give notice of termination in writing to
Licensee, whereupon this Agreement shall immediately terminate.

         4.4      Effect of Termination. In the event this Agreement is
terminated pursuant to this Article, Licensee shall immediately cease use, and
shall cause its Authorized Dealers, Resellers, Value Added Resellers and
Sublicensees to immediately cease use, of the Licensed Marks and the Licensed
Copyright upon the effective date of such

                                      11
<PAGE>
termination. Immediately following the termination of this Agreement, Licensee
shall return to Licensor all Marketing Materials, Promotional Products and all
other materials and tangible property bearing the Licensed Marks or the
Licensed Copyright.

         4.5      Other Rights Unaffected. It is understood and agreed that
termination of this Agreement by Licensor on any ground shall be without
prejudice to any other remedies at law or equity or otherwise which Licensor
may have.

         4.6      Bankruptcy. This Agreement constitutes a license of
"intellectual property" within the meaning of Section 365(n) of the United
States Bankruptcy Code. If Section 365(n) of the United States Bankruptcy Code
(or any successor provision) is applicable, and the trustee or
debtor-in-possession has rejected this Agreement and if the Licensee has
elected pursuant to Section 365(n) to retain its rights hereunder, then upon
written request of Licensee, to the extent Licensee is otherwise entitled
hereunder, the trustee or debtor-in-possession shall provide to Licensee any
intellectual property (including embodiments thereof) held or controlled by the
trustee or debtor-in-possession.

5.       QUALITY CONTROL

         5.1      General. Licensee acknowledges that the provision of Licensed
Services and Promotional Products under the Licensed Marks and the Licensed
Copyright pursuant to the terms of this Agreement must be of sufficiently high
quality as to protect the Licensed Marks and the Licensed Copyright and the
goodwill they symbolize. Licensee further acknowledges that the maintenance of
high quality services is of the essence in this Agreement, as is the use of the
Licensed Marks and the Licensed Copyright in connection therewith. In order to
preserve the inherent value of the Licensed Marks and the Licensed Copyright,
Licensee agrees to use its best efforts to ensure that the services and
activities to be marketed, promoted, offered and provided by Licensee,
Authorized Dealers, Resellers, Value Added Resellers and Sublicensees under the
Licensed Marks and the Licensed Copyright pursuant to this Agreement shall be
of a quality and nature comparable to the products, services and activities
provided by Licensor, itself or through its Affiliates, as of the date of this
Agreement. Licensee further agrees that it will utilize only Marketing
Materials which do not disparage or place in disrepute Licensor, its businesses
or its business reputation, and do not adversely affect or detract from
Licensor's goodwill or the goodwill appurtenant to the Licensed Marks and the
Licensed Copyright and will use the Licensed Marks and the Licensed Copyright
in ways which will not adversely affect Licensor's business reputation and
goodwill.

         5.2      Quality Standards. Licensee agrees to comply and maintain
compliance with the Quality Standards, specifications and rights of approval of
Licensor with respect to any and all usage of the Licensed Marks and Licensed
Copyright on or in relation to the Licensed Services, Portals, Marketing
Materials and Promotional Products throughout the Term. To that end, any and
all usage of the Licensed Marks and Licensed Copyright by Licensee, Authorized
Dealers, Resellers, Value Added Resellers and Sublicensees

                                      12
<PAGE>
shall comply with the following standards, specifications and rights of
approval (the "Quality Standards"):

                  (a)      Licensee shall use the Licensed Marks and the
                           Licensed Copyright only in a style and manner
                           commensurate with the current standards and
                           reputation for quality associated with the Licensed
                           Marks and only in the style and manner that has been
                           expressly approved in advance by Licensor, as
                           provided herein. Such approval is within the sole
                           discretion of Licensor acting in good faith and is
                           designed to protect the Licensed Marks and the
                           Licensed Copyright and Licensor's rights therein.

                  (b)      Licensee shall submit to Licensor for prior written
                           approval prototypes of all products and materials
                           including, but not limited to, Marketing Materials
                           and Promotional Products and any packaging and
                           labeling therefor bearing the Licensed Marks and/or
                           the Licensed Copyright (the "Submitted Materials").
                           Such approval is within the sole discretion of
                           Licensor acting in good faith. Licensor shall
                           provide its approval or disapproval within a
                           reasonable time after Licensor receives such
                           Submitted Materials. In the event that Licensor
                           disapproves any of the submissions, Licensee shall
                           make modifications consistent with those specified
                           by Licensor and shall resubmit the relevant
                           materials to Licensor for approval. Provided
                           Licensor has given approval of the style(s) and
                           general use(s) of any Submitted Materials, Licensee
                           may use such Submitted Materials in those styles and
                           for such purposes, without material change, subject
                           to periodic review by Licensor at Licensor's
                           request. Licensee shall not make any material change
                           to the Submitted Materials as approved by Licensor
                           without Licensor's prior written approval.

                  (c)      The provisions of Section 7.4 of this Agreement;

                  (d)      All quality, style and image standards for use of
                           the Licensed Marks and Licensed Copyrights delivered
                           by Licensor to Licensee, including the LOONEY TUNES
                           characters and ROAD RUNNER Style Guides and any
                           other Style Guidelines delivered by Licensor to
                           Licensee, however, it being understood and agreed
                           that any written instructions delivered from
                           Licensor to Licensee shall take priority over such
                           style guide in the event of any conflict;

                  (e)      Licensor's Usage Guidelines, as in effect from time
                           to time and as currently set forth in the Style
                           Guidelines; and

                  (f)      Licensor's Trade Dress guidelines as in effect from
                           time to time and as currently set forth in the Style
                           Guidelines.

                                      13
<PAGE>
Licensee acknowledges that the Quality Standards may be modified from time to
time as may be necessary to continue to protect and preserve the image,
reputation and goodwill attached to the Licensed Marks and the Licensed
Copyright.

         5.3      Quality Service Reviews.

                  (a)      Licensee agrees to collect, maintain and furnish to
                           the Quality Control Representatives all performance
                           data relating to the Licensed Services reasonably
                           requested by the Quality Control Representatives and
                           representative samples of Marketing Materials that
                           are marketed or provided under the Licensed Marks or
                           the Licensed Copyright to assure conformance of the
                           Licensed Services and the Marketing Materials with
                           the Quality Standards. At Licensor's reasonable
                           request, Licensee shall send copies to Licensor of
                           performance data relating to technical performance
                           or conformance of the Licensed Services hereunder
                           with the Quality Standards as previously provided by
                           Licensee. Any such data provided to Licensor shall
                           be treated confidentially in accordance with Article
                           17.

                  (b)      Licensor may independently, at its own cost, conduct
                           continuous customer satisfaction and other surveys
                           to determine if Licensee is meeting the Quality
                           Standards in connection with its use of the Licensed
                           Marks or the Licensed Copyright in the Licensed
                           Services. Licensee shall cooperate, at Licensor's
                           expense, with Licensor fully in the distribution and
                           conduct of such surveys, and otherwise as may be
                           reasonably necessary to verify Licensee's compliance
                           with the Quality Standards, so long as such
                           cooperation shall not unreasonably interfere with
                           the conduct of Licensee's business. If Licensor
                           learns that Licensee is not complying with the
                           Quality Standards in any material respect, it shall
                           notify Licensee and the provisions of Article 6
                           shall apply to such non-compliance.

                  (c)      If Licensee learns that it is not complying with the
                           Quality Standards in any material respect, it shall
                           notify Licensor, and the provisions of Article 6
                           shall apply to such non-compliance.

         5.4      Authorized Dealers, Resellers, Value Added Resellers and
Sublicensees. Licensee shall provide to Licensor within ten (10) days after the
expiration of each calendar year a list of all Sublicensees and a list of all
material Authorized Dealers, Resellers and Value Added Resellers. Licensor
shall have the right, exercisable in its reasonable discretion, to give
Licensee notice requiring Licensee to terminate any Authorized Dealer,
Reseller, Value Added Reseller or Sublicensee that Licensor reasonably believes
is not in compliance with the Quality Standards (after notice of such
non-compliance and a reasonable opportunity to cure has been granted to such
Authorized Dealer, Reseller, Value Added Reseller or Sublicensee) effective no
later than

                                      14
<PAGE>
thirty (30) days from the date such notice is given by Licensor to Licensee.
All Authorized Dealers, Resellers, Value Added Resellers and Sublicensees shall
be bound by the Quality Standards and by Licensee's obligations under this
Agreement. A breach by any such Authorized Dealer, Reseller, Value Added
Reseller or Sublicensee of this Agreement shall be deemed a breach of this
Agreement by Licensee; provided that, Licensee's termination of such breaching
Authorized Dealer, Reseller, Value Added Reseller or Sublicensee shall be
deemed to cure any such breach.

6.       REMEDIES FOR NON-COMPLIANCE WITH QUALITY STANDARDS

         6.1      Non-compliance with Quality Standards and Cure.

                  (a)      If Licensor becomes aware that Licensee or its
                           Authorized Dealers, Resellers, Value Added Resellers
                           or Sublicensees, are not complying with any Quality
                           Standards in any material respect, Licensor shall
                           notify Licensee in writing of such non-compliance,
                           setting forth, in reasonable detail, a description
                           of the non-compliance and, to the extent such
                           information is available, any suggestions for curing
                           such non-compliance. Licensee shall cure such
                           non-compliance as soon as is practicable but in any
                           event within sixty (60) days thereafter. In the
                           event that the non-compliance with the Quality
                           Standards is being caused by an Authorized Dealer,
                           Reseller, Value Added Reseller or Sublicensee,
                           Licensee's termination of such Authorized Dealer,
                           Reseller, Value Added Reseller or Sublicensee shall
                           be deemed to cure such non-compliance.

                  (b)      If such non-compliance with the Quality Standards
                           continues beyond the applicable cure periods
                           described above, Licensee shall: (i) and shall cause
                           its Authorized Dealers, Resellers, Value Added
                           Resellers and Sublicensees to, immediately cease any
                           Licensed Services and Promotional Products using the
                           Licensed Marks and/or the Licensed Copyright in the
                           DMA in which it is in non-compliance until it is in
                           compliance with the Quality Standards, subject to
                           the provisions below; and (ii) be deemed to be in
                           breach of this Agreement.

                  (c)      The waiver by Licensor of a single event of
                           non-compliance or a succession of events shall not
                           deprive Licensor of any rights under this Agreement
                           arising by reason of any subsequent event of
                           non-compliance.

         6.2      Potential Injury to Persons or Property. Notwithstanding the
provisions of Section 6.1, in the event that Licensor reasonably determines
that any non-compliance creates a material threat of personal injury or injury
to property of any third party, upon notice thereof by Licensor to Licensee,
Licensee shall cure such non-compliance as soon as practicable but in any event
within sixty (60) days after receiving such notice. If the

                                      15
<PAGE>
non-compliance continues beyond such cure period, Licensee shall (and shall
cause its Authorized Dealers, Resellers, Value Added Resellers and Sublicensees
to) either cease using the Licensed Marks in connection with any Licensed
Services and Promotional Products in the DMA in which it is not in compliance
until it is in compliance with the Quality Standards, subject to the provisions
of Section 6.3 below, or be deemed to be in breach of this Agreement.

         6.3      Licensor's Rights to License Others. In addition to the
rights granted to Licensor pursuant to Article 4, "Term and Termination," in
the event that Licensee is required to cease offering or providing any Licensed
Services or Promotional Products using the Licensed Marks or the Licensed
Copyright in a DMA by reason of its failure to comply with the Quality
Standards and to cure such failure within the applicable cure periods, Licensor
may immediately terminate Licensee's rights under this Agreement with respect
to such DMA, and may license other Persons to use the Licensed Marks and the
Licensed Copyright on Licensed Services and Promotional Products, even if the
license granted hereunder was an exclusive license in that DMA.

7.       PROTECTION OF LICENSED MARKS AND LICENSED COPYRIGHT

         7.1      Ownership and Rights to the Licensed Marks and Licensed
Copyright.

                  (a)      Licensee acknowledges the great value of the
                           goodwill associated with the Licensed Marks and the
                           Licensed Copyright, and acknowledges that the
                           Licensed Marks and the Licensed Copyright and all
                           the rights therein, including in and to any
                           modifications, enhancements and derivative works
                           created with respect thereto, and goodwill attached
                           thereto, belong exclusively to Licensor. In
                           addition, Licensee acknowledges that all Marketing
                           Materials and Promotional Products and all other
                           materials and tangible items bearing the Licensed
                           Marks or the Licensed Copyright and created pursuant
                           to this Agreement by, or on behalf of, Licensee or
                           any Authorized Dealers, Resellers, Value Added
                           Resellers or Sublicensees, except for any separable
                           portion thereof which includes a trademark,
                           copyright or other intellectual property right owned
                           by Licensee or a third party, shall be deemed "Works
                           Made For Hire" as such term is defined in Section
                           101 of the United States Copyright Act of 1976, as
                           amended, provided, however, that if it is finally
                           determined by a court of competent jurisdiction that
                           any such material or tangible item does not
                           constitute a "Work Made For Hire" then all right,
                           title and interest in and to such material and
                           tangible item, including copyrights throughout the
                           world, except for any separable portion thereof
                           which includes a trademark, copyright or other
                           intellectual property right owned by Licensee or a
                           third party, shall be deemed assigned and
                           transferred to Licensor by this Agreement. With
                           respect to any third party or any employee of
                           Licensee who makes or has made any contribution to
                           the creation of any Marketing Materials and

                                      16
<PAGE>
                           Promotional Goods and all other materials and
                           tangible items bearing the Licensed Marks or the
                           Licensed Copyright hereunder, Licensee agrees to
                           obtain from such third party or employee a full
                           confirmation and assignment of rights so that the
                           foregoing rights shall vest fully in Licensor, in
                           the form of an agreement to be provided to Licensee
                           by Licensor prior to commencing work, which
                           agreement ensures that all rights in any materials
                           incorporating a Licensed Mark or the Licensed
                           Copyright arise in and are assigned to Licensor,
                           except for any separable portion thereof which
                           includes a Mark, Copyright or other intellectual
                           property right owned by Licensee or a third party.
                           Licensee assumes all responsibility for such third
                           parties and employees and agrees that Licensee shall
                           bear any and all risks arising out of or relating to
                           the performance of services by such third parties
                           and employees and to the fulfillment of their
                           obligations set forth in this Section 7.1(a).
                           Subject to the terms and conditions of this
                           Agreement, Licensor grants Licensee an exclusive
                           right to use derivative works created by Licensee
                           incorporating the Licensed Copyright in connection
                           with the Licensed Services in the Licensed Territory
                           for the Term of this Agreement.

                  (b)      Licensee will not, at any time, disparage, dilute or
                           adversely affect the validity of the Licensed Marks
                           and the Licensed Copyright or take any action, or
                           otherwise suffer to be done any act or thing which
                           may at any time, in any way materially adversely
                           affect any rights of Licensor in and to the Licensed
                           Marks and the Licensed Copyright, or any
                           registrations thereof or which, directly or
                           indirectly, may materially reduce the value of the
                           Licensed Marks and the Licensed Copyright or detract
                           from their reputation.

                  (c)      Licensee agrees that any and all goodwill and other
                           rights that may be acquired by the use of the
                           Licensed Marks and the Licensed Copyright by
                           Licensee shall inure to the sole benefit of
                           Licensor. Nothing contained in this Agreement shall
                           be construed as an assignment or grant to Licensee
                           of any right, title or interest in or to the
                           Licensed Marks or the Licensed Copyright, or any of
                           Licensor's other Marks or Copyrights, it being
                           understood that all rights relating thereto are
                           reserved by Licensor, except for the license
                           hereunder to Licensee of the right to use the
                           Licensed Marks or the Licensed Copyright only as
                           specifically and expressly provided herein. Licensee
                           further acknowledges that it will not obtain any
                           ownership interest in the Licensed Marks or the
                           Licensed Copyright or any other right or entitlement
                           to continued use of them, regardless of how long
                           this Agreement remains in effect and regardless of
                           any reason or lack of reason for the termination
                           thereof by Licensor; provided that by making this
                           acknowledgment Licensee is not waiving, and does not
                           intend to

                                      17
<PAGE>
                           waive, any contractual rights hereunder or its
                           remedies upon a breach hereof by Licensor.

                  (d)      Licensee shall not (i) attack Licensor's title or
                           right in and to the Licensed Marks or the Licensed
                           Copyright as they relate to the Licensed Services in
                           any jurisdiction or attack the validity of this
                           license or the Licensed Marks or the Licensed
                           Copyright or (ii) contest the fact that Licensee's
                           rights under this Agreement cease upon termination
                           of this Agreement. The provisions of this Section
                           7.1 shall survive the termination of this Agreement.

                  (e)      Licensee will not grant or attempt to grant a
                           security interest in the Licensed Marks or the
                           Licensed Copyright or this Agreement, or to record
                           any security interest in the United States Patent
                           and Trademark Office, the United States Copyright
                           Office or elsewhere, against any Mark or Copyright
                           application or registration belonging to Licensor.

                  (f)      Licensee shall, at Licensor's expense, cooperate
                           fully and in good faith with Licensor for the
                           purpose of securing, preserving and protecting
                           Licensor's rights in and to the Licensed Marks or
                           the Licensed Copyright. At the request of Licensor,
                           and at Licensor's expense, Licensee shall execute
                           and deliver to Licensor any and all documents and do
                           all other reasonable acts and things which Licensor
                           deems necessary or appropriate to make fully
                           effective or to implement the provisions of this
                           Agreement relating to the ownership, registration,
                           maintenance or renewal of the Licensed Marks. For
                           purposes of this Agreement, Licensee and any
                           Sublicensees shall be considered a "related company"
                           under the U.S. Trademark Act, 15 U.S.C. Section 1051
                           et seq.

                  (g)      The parties acknowledge and agree that the
                           protection of the Licensed Marks and the Licensed
                           Copyright and the goodwill attached thereto are
                           material provisions of this Agreement.

         7.2      Similar Marks. Licensee agrees not to register in any country
any Mark or Copyright resembling or confusingly similar to the Licensed Marks
or the Licensed Copyright, or which dilutes the Licensed Marks or the Licensed
Copyright, and not to use the Licensed Marks, or any independently protectible
part of any such Marks or Copyright, as part of its corporate name (unless
otherwise agreed by Licensor), nor use (except in accordance with Article 8)
any Mark or Copyright confusingly similar, deceptive or (except in accordance
with Article 8) misleading with respect to the Licensed Marks or the Licensed
Copyright, or which dilutes the Licensed Marks or the Licensed Copyright. If
any application for registration is, or has been filed in any country by
Licensee which relates to any Mark or Copyright which, in the sole and
reasonable opinion of Licensor, is confusingly similar, deceptive or misleading
with respect to the Licensed Marks or the Licensed Copyright, or which dilutes
the Licensed

                                      18
<PAGE>
Marks or the Licensed Copyright, Licensee shall, at Licensor's sole discretion,
immediately abandon any such application or registration or, at Licensor's
election, assign it (free and clear of any liens and encumbrances, and for
consideration of $1.00, the adequacy and sufficiency of which is hereby
acknowledged by Licensor) to Licensor. If Licensee uses any Mark or Copyright
which, in Licensor's reasonable opinion, is confusingly similar, deceptive or
misleading with respect to the Licensed Marks or the Licensed Copyright, or
which dilutes the Licensed Marks or the Licensed Copyright, or if Licensee uses
the Licensed Marks or the Licensed Copyright in connection with any product, or
any service or in any territory not specifically authorized hereunder, Licensee
shall, immediately upon receiving a written request from Licensor, permanently
cease such use.

         7.3      Infringement. In the event that either party learns of any
infringement or threatened infringement of the Licensed Marks or the Licensed
Copyright, or any unfair competition, passing-off or dilution with respect to
the Licensed Marks or the Licensed Copyright (each such event, an
"Infringement"), such party shall promptly notify the other party or its
authorized representative giving particulars thereof, and Licensee shall
provide necessary information and reasonable assistance, at Licensor's expense,
to Licensor or its authorized representatives in the event that Licensor
decides that proceedings should be commenced. Licensor shall have exclusive
control of any litigation, opposition, cancellation or other legal proceedings
relating to an alleged Infringement. The decision whether to bring, maintain or
settle any such proceedings shall be at the exclusive option and expense of
Licensor, and all recoveries shall belong exclusively to Licensor. Licensee
shall not take any action to enforce, protect or defend the Licensed Marks or
the Licensed Copyright without the prior written consent of Licensor's General
Counsel. Licensee will not initiate any such litigation, opposition,
cancellation or related legal proceedings in its own name but, at Licensor's
request, agrees to be joined as a party in any action taken by Licensor to
enforce its rights in the Licensed Marks or the Licensed Copyright; provided
that Licensor shall reimburse Licensee for all reasonable out-of-pocket costs
and expenses incurred by Licensee, its Affiliates and authorized
representatives (and their respective directors, officers, stockholder,
employees and agents) in connection with their participation in such action.
Nothing in this Agreement shall require, or be deemed to require Licensor to
enforce the Licensed Marks or the Licensed Copyright against others. Licensor
shall keep all monies derived from litigation or legal proceeding or from
settlement of Infringement.

         7.4      Compliance with Legal Requirements.

                  (a)      In the performance of this Agreement, Licensee shall
                           comply in all material respects with all applicable
                           laws and regulations and administrative orders,
                           including those laws and regulations particularly
                           pertaining to the proper use and designation of
                           Marks and Copyrights in the Licensed Territory.

                  (b)      Licensee shall duly display those legal notices as
                           shall be provided by Licensor acting in good faith,
                           such as the symbols (R), "TM" or

                                      19
<PAGE>
                           "SM". In no circumstances shall such notices be
                           altered or omitted without the express prior written
                           consent of Licensor.

                  (c)      Should Licensee be or become aware of any applicable
                           laws or regulations which are inconsistent with the
                           provisions of this Agreement, Licensee shall
                           promptly notify Licensor of such inconsistency. In
                           such event, Licensor may, at its option, either
                           waive the performance of such inconsistent
                           provisions, or negotiate with Licensee to make
                           changes in such provisions to comply with applicable
                           laws and regulations, it being understood that the
                           parties intend that any such changes shall preserve
                           to the extent reasonably practicable the parties'
                           respective benefits under this Agreement.

8.       USE OF LICENSED MARKS AND LICENSED COPYRIGHT AND OTHER MARKS AND
COPYRIGHTS

         8.1      Licensee Marks. Licensee shall have the right from time to
time during the Term to create and use its own Marks and Copyrights, which may
be used together with the Licensed Marks and Licensed Copyright, in connection
with products or services with respect to which any of the Licensed Marks
and/or the Licensed Copyright are used; provided that, said use is in
conformance with the Quality Standards set forth in Article 5; and provided
further that, upon request, Licensor shall have the right to review and approve
Licensee's use of such Marks (which approval shall not be unreasonably
withheld). For the avoidance of doubt, Licensor's approval of such Mark shall
not be deemed to be a statement by Licensor as to availability or strength of
such Mark. Licensee shall have sole responsibility over the availability and
strength of the Mark. Unless, in the exercise of Licensor's sole discretion
acting in good faith, Licensor shall determine that a Mark or Copyright that
Licensee proposes to use could disparage, tarnish, dilute or potentially cause
confusion with respect to the Licensed Marks or the Licensed Copyright, or is
not in conformance with Licensor's Quality Standards set forth in Article 5 or
otherwise could have a detrimental effect on the Licensed Marks or the Licensed
Copyright, Licensor will approve Licensee's use of such proposed Mark or
Copyright. Licensor shall approve or disapprove any Marks or Copyrights
proposed to be used by Licensee within a reasonable time of its receipt of a
written request for such approval. Licensee shall not file or prosecute a
trademark or copyright application to register any Marks or Copyrights which
consist of or incorporate the Licensed Marks, Licensed Copyright or any
material element thereof or any Marks or Copyrights confusingly similar
thereto. Under no circumstances shall Licensee be permitted to join the
Licensed Marks with any Licensee Marks so as to form a new Mark.

         8.2      Modification of Licensed Marks or Licensed Copyright. In the
event Licensor modifies or replaces any of the Licensed Marks or the Licensed
Copyright as they are used in any portion of Licensor's business, and if
Licensor requests Licensee to adopt and use any such modified or replaced
Licensed Marks or the Licensed Copyright, Licensee will adopt and use such
modified or replaced Licensed Marks and Licensed Copyright and, in such event,
such modified or replaced Licensed Marks or Licensed

                                      20
<PAGE>
Copyright shall be considered the Licensed Marks or the Licensed Copyright
contemplated by this Agreement; provided that in such event, Licensee shall be
granted a 180-day period during which to phase-out its use of the superseded
forms of the Licensed Marks or the Licensed Copyright, as applicable, and
during such 180-day period Licensee shall have the right to use its existing
inventory of Marketing Materials bearing the superseded forms of the Licensed
Marks or the Licensed Copyright, as applicable.

         8.3      Third Party Marks. Licensee shall have the right from time to
time to use Marks owned by third parties ("Third Party Marks") in conjunction
with the Licensed Marks or the Licensed Copyright, in connection with products
or services with respect to which Licensed Marks or the Licensed Copyright are
used; provided that (i) Licensee obtains consent from the relevant third party
to use such Third Party Marks; and (ii) use of the Licensed Marks or the
Licensed Copyright in conjunction with such Third Party Marks shall be in
conformance with the Licensor's Quality Standards set forth in Article 5;
provided that, upon request, Licensor shall have the right to review and
approve Licensee's uses of the Third Party Marks. Under no circumstances shall
Licensee be permitted to join the Licensed Marks with any Third Party Marks so
as to form a new Mark.

         8.4      Internet Domain Names.

                  (a)      Licensee shall obtain Licensor's prior written
                           permission before using any of the Licensed Marks or
                           Licensed Copyright or any confusingly similar Mark
                           or Copyright as part of a domain name, provided
                           that, Licensee shall have the right to use the
                           domain names set forth on Schedule A without
                           Licensor's prior written consent. Any domain name
                           consisting of or incorporating the Licensed Marks or
                           any material element thereof shall be owned and
                           maintained exclusively by Licensor; provided that,
                           Licensee shall be solely responsible for any
                           registration and renewal fees for those domain names
                           used exclusively by, or on behalf of, Licensee.

                  (b)      Licensee's web sites that use any of the Licensed
                           Marks and the Licensed Copyright or that concern
                           Licensed Services or Portals and Promotional
                           Products in connection with which the Licensed Marks
                           and the Licensed Copyright are used shall comply
                           with the Quality Standards set forth in Article 5.

                                      21
<PAGE>
9.       REPRESENTATIONS; LIABILITY AND INDEMNIFICATION

         9.1      Representations and Warranties. Licensor represents and
warrants that Licensor has not licensed the use of the Licensed Marks and/or
the Licensed Copyright to any third party in connection with the Licensed
Services in the Licensed Territory.

         9.2      Indemnification.

                  (a)      Licensor shall defend, indemnify and hold Licensee
                           and its Sublicensees and their respective directors,
                           officers, stockholders, employees and agents (the
                           "Licensee Parties") harmless against all claims,
                           suits, proceedings, costs, damages, losses, fees and
                           expenses (including reasonable attorney's fees) and
                           judgments incurred, claimed or sustained by the
                           Licensee Parties arising out of: (i) any third party
                           claims as to the lack of validity or enforceability
                           of (A) the registrations of the Licensed Marks and
                           the Licensed Copyright or (B) Licensor's ownership
                           rights in the Licensed Marks and the Licensed
                           Copyright; and (ii) any lack of validity or
                           enforceability of this Agreement caused by Licensor.

                  (b)      Subject to Licensor's indemnification obligations in
                           subsection (a) above, Licensee shall defend,
                           indemnify and hold Licensor and its directors,
                           officers, stockholders, employees and agents (the
                           "Licensor Parties") harmless against all claims,
                           suits, proceedings, costs, damages, losses, fees and
                           expenses (including reasonable attorneys' fees) and
                           judgments incurred, claimed or sustained by the
                           Licensor Parties arising out of Licensee's, or any
                           Authorized Dealer's, Reseller's, Value Added
                           Reseller's or Sublicensee's use of the Licensed
                           Marks or the Licensed Copyright other than as
                           expressly provided in this Agreement, and shall
                           indemnify the Licensor Parties from any improper or
                           unauthorized use of the Licensed Marks and/or the
                           Licensed Copyright and for any use by Licensee, or
                           any Authorized Dealer, Reseller, Value Added
                           Reseller or Sublicensee of the Licensee Marks and
                           the Licensed Copyright. Licensee shall also defend,
                           indemnify and hold the Licensor Parties harmless
                           against all claims, suits, proceedings, costs,
                           damages, losses, fees and expenses (including
                           reasonable attorney's fees) and judgments incurred,
                           claimed or sustained by the Licensor Parties arising
                           out of: (i) any third party claims as to the lack of
                           validity or enforceability of (x) the Licensee Marks
                           or (y) Licensee's ownership rights in the Licensee
                           Marks; and (ii) any lack of validity or
                           enforceability of this Agreement caused by Licensee.

         9.3      Notification and Defense of Claims.

                                      22
<PAGE>
                  (a)      Notification of Claims. In the event of the
                           occurrence of an event which Licensee or Licensor
                           (the "Indemnified Party"), as the case may be,
                           asserts constitutes a claim under Section 9.2, the
                           Indemnified Party shall provide prompt notice of
                           such event to Licensor, in the case of Licensee as
                           the Indemnified Party, or to Licensee, in the case
                           of Licensor as the Indemnified Party (the
                           "Indemnifying Party"), and shall otherwise make
                           available to the Indemnifying Party all relevant
                           information which is material to the claim. Failure
                           to give timely notice or to furnish the Indemnifying
                           Party with any relevant data and documents in
                           connection with any claim shall not constitute a
                           defense (in part or in whole) to any claim for
                           indemnification by the Indemnified Party, unless,
                           and only to the extent that, such failure results in
                           any material prejudice to the Indemnifying Party.
                           The Indemnifying Party may elect, at its own
                           expense, to assume exclusive control of the defense
                           of such claim, if the Indemnifying Party gives
                           written notice of its intention to do so no later
                           than thirty (30) days following notice of such claim
                           by the Indemnified Party or such shorter time period
                           as required so that the interests of the Indemnified
                           Party would not be materially prejudiced as a result
                           of the failure to have received such notice;
                           provided that, (i) the Indemnifying Party shall
                           obtain the consent of the Indemnified Party (which
                           consent shall not be unreasonably withheld or
                           delayed) before entering into any settlement,
                           adjustment or compromise of such claims, or ceasing
                           to defend against such claims, if as a result
                           thereof, or pursuant thereto, there would be imposed
                           on the Indemnified Party any material liability or
                           obligation not covered by the indemnity obligations
                           of the Indemnifying Party under this Agreement
                           (including, without limitation, any injunctive
                           relief or other remedy), except with respect to a
                           settlement adjustment or compromise which results
                           solely in a monetary liability and (ii) if the
                           Indemnified Party shall have reasonably concluded
                           that separate counsel is required because a conflict
                           of interest would otherwise exist, the Indemnified
                           Party shall have the right to select separate
                           counsel to participate in the defense of such action
                           on its behalf, at the expense of the Indemnified
                           Party.

                  (b)      In the event that Indemnifying Party elects to
                           assume control of the defense of any such claim, the
                           Indemnified Party shall cooperate with the
                           Indemnifying Party in such proceeding and shall
                           execute all papers necessary and desirable and shall
                           testify or provide evidence whenever reasonably
                           requested to do so. The Indemnified Party may elect
                           to join in the defense of such claim and to employ
                           counsel to assist it in connection with the handling
                           of such claim, at the sole expense of the
                           Indemnified Party, provided, however, that no such
                           claim shall be settled, adjusted or

                                      23
<PAGE>
                           compromised, or the defense thereof terminated by
                           the Indemnified Party, without the prior consent of
                           the Indemnifying Party (which consent shall not be
                           reasonably withheld or delayed), and provided,
                           further that no Indemnified Party may settle,
                           compromise or consent to the entry of any judgment
                           in any claim for which indemnification may be sought
                           hereunder unless such settlement, compromise or
                           consent also includes an express, unconditional
                           release of the Indemnifying Party and its directors,
                           officers, stockholders, employees and agents from
                           all liabilities and obligations arising therefrom.

                  (c)      In the event that the Indemnifying Party does not
                           notify the Indemnified Party within thirty (30) days
                           that it will assume control of the defense of any
                           such claim for which the Indemnified Party would be
                           entitled to indemnification hereunder, then the
                           Indemnified Party shall have the right to defend
                           such claim at its own expense, and the Indemnifying
                           Party shall cooperate as requested in such defense,
                           at the expense of the Indemnified Party with respect
                           to documented and reasonable out-of-pocket expenses
                           incurred by the Indemnifying Party in the defense of
                           the claim, provided, however, that no such claim
                           shall be settled, adjusted or compromised, or the
                           defense thereof terminated by the Indemnified Party,
                           without the prior consent of the Indemnifying Party
                           (which consent shall not be reasonably withheld or
                           delayed), and provided, further, that no Indemnified
                           Party may settle, compromise or consent to the entry
                           of any judgment in any claim for which
                           indemnification may be sought hereunder unless such
                           settlement, compromise or consent also includes an
                           express, unconditional release of the Indemnifying
                           Party and its directors, officers, stockholders,
                           employees and agents from all liabilities and
                           obligations arising therefrom.

         9.4      Insurance.

                  (a)      Licensee shall maintain, at its own expense, in full
                           force and effect at all times during which Licensed
                           Services bearing the Licensed Marks and/or the
                           Licensed Copyright are being sold, with a
                           responsible insurance carrier reasonably acceptable
                           to Licensor, at least a Two Million Five Hundred
                           Thousand Dollar ($2,500,000.00) products liability
                           insurance policy with respect to the Licensed
                           Services offered using the Licensed Marks and/or the
                           Licensed Copyright. This insurance shall be primary
                           to any of Licensor's coverage, shall name Licensor
                           as an insured party, shall be for the benefit of
                           Licensor and Licensee and shall provide for at least
                           ten (10) days' prior notice to Licensor and Licensee
                           of the cancellation or any substantial modification
                           of the policy. This insurance may be obtained by
                           Licensee in conjunction with a

                                      24
<PAGE>
                           policy which covers services and/or products other
                           than the services covered under this Agreement.

                  (b)      Licensee shall from time to time, upon reasonable
                           request by Licensor, promptly furnish or cause to be
                           furnished to Licensor, evidence in form and
                           substance satisfactory to Licensor, of the
                           maintenance of the insurance required by this
                           Section 9.4, including without limitation, originals
                           or copies of policies, certificates of insurance
                           (with applicable riders and endorsements) and proof
                           of premium payments.

10.      AGREEMENT PERSONAL

         10.1     Personal to Licensee. In recognition of the unique nature of
the relationship between Licensor and Licensee, the fact that Licensor would
not be willing to enter into an agreement such as this Agreement with any other
party in any other circumstances, and the unique nature of Licensee (including
without limitation, the fact that part of Licensee was once owned by Licensor),
the parties agree that the rights, obligations and benefits of this Agreement
shall be personal to Licensee, and Licensor shall not be required to accept
performance from, or render performance to, an entity other than Licensee.
Pursuant to 11 U.S.C. Section 365(c)(1)(A) (as it may be amended from time to
time, and including any successor to such provision), in the event of the
Bankruptcy of Licensee, this Agreement may not be assigned or assumed by
Licensee (or any Successor) and Licensor shall be excused from rendering
performance to, or accepting performance from, Licensee or any Successor.

         10.2     Licensee Acknowledgment. Licensee acknowledges and agrees
that it understands it may have, or, in the future, may elect to enter into,
agreements with Licensor's Affiliates and that neither the execution or
continuation nor the renewal of any of those agreements will have any effect on
this Agreement and Licensee may choose to contract, or not, with Licensor's
Affiliates as it deems appropriate.

11.      RETENTION OF RIGHTS

         11.1     Except as otherwise expressly provided in this Agreement,
nothing in this Agreement shall be deemed or construed to limit in any way
Licensor's rights in and to the Licensed Marks or the Licensed Copyright,
including without limitation:

                  (a)      All rights of ownership in and to the Licensed Marks
                           and the Licensed Copyright, including the right to
                           license or transfer the same.

                  (b)      The unimpaired right to use the Licensed Marks and
                           the Licensed Copyright in connection with marketing,
                           offering or providing any products or services
                           (except for the particular products and services
                           exclusively licensed under this Agreement, but only
                           to the extent of such license) whether within or
                           without the Licensed Territory.

                                      25
<PAGE>
12.      SPONSORSHIP

         12.1     Licensee shall not use the Licensed Marks or the Licensed
Copyright to sponsor, endorse, or claim affiliation with any event, meeting,
charitable endeavor or any other undertaking (each, an "Event") without the
express written permission of Licensor. The Parties acknowledge that an Event
shall not include day-to-day ordinary course meetings and events. Licensor
reserves the right to deny permission to any Event. In the event that Licensee
desires to sponsor, endorse or claim affiliation with an Event, Licensee shall
provide Licensor with at least twenty (20) business days prior written notice
of such Event in reasonable detail. Any breach of this provision reasonably
determined to have a material adverse effect on Licensor, the Licensed Marks or
the Licensed Copyright shall be deemed a Significant Breach by Licensee.

13.      CONSENT OF LICENSOR

         13.1     Except where another standard is expressly provided for
herein, whenever reference is made to Licensor's consent or approval in this
Agreement, such consent or approval may be granted or withheld in Licensor's
sole discretion and, if granted, may be done so conditionally or
unconditionally.

14.      NOTICES

         14.1     All notices, requests, demands or other communications
required by, or otherwise with respect to, this Agreement shall be in writing
and shall be deemed to have been duly given to any party when delivered
personally (by courier service or otherwise), against receipt, when delivered
by telecopy and confirmed by return telecopy, or three (3) days after being
mailed by registered first-class mail, postage prepaid and return receipt
requested in each case to the applicable addresses set forth below:

                  If to Licensee:

                                    Time Warner Cable Inc.
                                    290 Harbor Drive
                                    Stamford, Connecticut 06902

                  If to Licensor:

                                    Warner Communications Inc.
                                    c/o AOL Time Warner Cable Inc.
                                    75 Rockefeller Plaza
                                    New York, New York 10019

                                      26
<PAGE>
                                    Attn:  General Counsel
                                    Fax:  212-258-3172

                  With copies to:

                                    Warner Bros.
                                    Office of the General Counsel
                                    4000 Warner Boulevard
                                    Burbank, CA  91522
                                    Attn: John Schulman; Executive Vice
                                          President and General Counsel
                                    Fax:  818-954-4768

                  or to such other address as such party shall have designated
                  by notice so given to each other party.

15.      GOVERNMENTAL LICENSES, PERMITS AND APPROVALS

         15.1     Licensee, at its expense, shall be responsible for obtaining
and maintaining all Approvals with respect to this Agreement, and for complying
with any requirements of such Regulatory Authorities for the registration or
recording of this Agreement. Licensee shall furnish to Licensor written
evidence from such Regulatory Authorities of any such Approvals.

16.      APPLICABLE LAW

         16.1     The construction, performance and interpretation of this
Agreement shall be governed by the U.S. Trademark Act, 15 U.S.C. Section 1051
et seq., and the internal, substantive laws of the State of New York, without
regard to its principles of conflicts of law. Except as otherwise provided
herein, Licensor and Licensee hereby irrevocably submit to the exclusive
jurisdiction of the United States District Court for the Southern District of
New York, or absent subject matter jurisdiction in that court, the state courts
of the State of New York located in New York County for all actions, suits or
proceedings arising in connection with this Agreement.

17.      CONFIDENTIALITY OF INFORMATION AND USE RESTRICTION

         17.1     The Quality Standards and other technical information
furnished to Licensee under this Agreement and other confidential and
proprietary information, know-how and trade secrets of Licensor that are
disclosed or otherwise provided to Licensee in connection with this Agreement,
shall remain the property of Licensor, and shall be returned to Licensor upon
request and upon termination of this Agreement. Unless such information was
previously known to Licensee free of any obligation to keep it confidential, or
has been or is subsequently made public (a) by any person other than
Licensee and Licensor is not attempting to limit further dissemination of such
information, (b) by Licensor, or (c) by Licensee, as required by law (including
securities

                                      27
<PAGE>
laws) or to enforce its rights under this Agreement, it shall be
held in confidence, and shall be used only for the purposes of this Agreement.
All confidential and proprietary information, know-how and trade secrets of
Licensee that are disclosed or otherwise provided to Licensor hereunder
(including without limitation, during any Inspection) (collectively, "Licensee
Information") shall remain the property of Licensee and shall be returned to
Licensee upon request and upon termination of this Agreement. Unless such
Licensee Information was previously known to Licensor free of any obligation to
keep it confidential, or has been or is subsequently made public (a) by any
person other than Licensor and Licensee is not attempting to limit further
dissemination of such information, (b) by Licensee, or (c) by Licensor, as
required by law (including securities law) or to enforce its rights under this
Agreement, it shall be held in confidence and shall be used only for purposes
of this Agreement.

18.      MISCELLANEOUS

         18.1     Entire Agreement. The provisions of this Agreement contain
the entire agreement between the parties relating to use by Licensee of the
Licensed Marks and the Licensed Copyright, and supersede all prior agreements
and understandings relating to the subject matter hereof. This Agreement shall
be interpreted to achieve the objectives and intent of the parties as set forth
in the text and factual recitals of the Agreement. It is specifically agreed
that no evidence of discussions during the negotiation of the Agreement, or
drafts written or exchanged, may be used in connection with the interpretation
or construction of this Agreement. No rights are granted to use the Licensed
Marks or the Licensed Copyright or any other Marks, Copyrights or Trade Dress
except as specifically set forth in this Agreement. In the event of any
conflict between the provisions of this Agreement and provisions in any other
agreement involving Licensee, the provisions of this Agreement shall prevail.

         18.2     Relationship of the Parties. This Agreement is not a
franchise under federal or state law, does not create a partnership or joint
venture, and shall not be deemed to constitute an assignment of any rights of
Licensor to Licensee. Licensee is an independent contractor, not an agent or
employee of Licensor, and Licensor is not liable for any acts or omissions by
Licensee.

         18.3     Amendments, Waivers. This Agreement may not be amended,
changed, supplemented, waived or otherwise modified except by an instrument in
writing signed by the party against whom enforcement is sought.

         18.4     Assignment. Licensee may not assign, pledge, transfer or
otherwise hypothecate this Agreement or any of its rights or obligations
hereunder, and any purported assignment, pledge, transfer or other
hypothecation, whether by operation of law or otherwise, shall be void and of
no force or effect.

         18.5     Specific Performance. The parties acknowledge that money
damages are not an adequate remedy for violation of this Agreement and that any
party may, in its sole discretion, apply to the court set forth in Article 16
for specific performance, or injunctive, or such other relief as such court may
deem just and proper, in order to

                                      28
<PAGE>
enforce this Agreement or prevent any violation hereof, and to the extent
permitted by applicable law, each party waives any objection to the imposition
of such relief.

         18.6     Remedies Cumulative. All rights, powers and remedies provided
under this Agreement, or otherwise available in respect hereof at law or in
equity shall be cumulative and not alternative, and the exercise or beginning
of the exercise of any thereof by any party shall not preclude the simultaneous
or later exercise of any other such right, power or remedy by such party.

         18.7     No Waiver. The failure of any party hereto to exercise any
right, power or remedy provided under this Agreement, or otherwise available in
respect hereof at law or in equity, or to insist upon compliance by any other
party hereto with its obligations hereunder, and any custom or practice of the
parties at variance with the terms hereof, shall not constitute a waiver by
such party of its right to exercise any such or other right, power or remedy or
to demand such compliance.

         18.8     Rules of Construction. As used in this Agreement, (1) neutral
pronouns and any derivations thereof shall be deemed to include the feminine
and masculine and all terms used in the singular shall be deemed to include the
plural and vice versa, as the context may require; (2) the words "hereof,"
"herein," "hereunder" and other words of similar import refer to this Agreement
as a whole, including all exhibits and schedules as the same may be amended or
supplemented from time to time, and not to any subdivision of this Agreement;
(3) the word "including" or any variation thereof means "including, without
limitation" and shall not be construed to limit any general statement that it
follows to the specific or similar items or matters immediately following it;
and (4) descriptive headings and titles used in this Agreement are inserted for
convenience of reference only and do not constitute a part of and shall not be
utilized in interpreting this Agreement. This Agreement shall be fairly
interpreted in accordance with its terms and without any strict construction in
favor of or against any party.

         18.9     No Third Party Beneficiaries. This Agreement is not intended
to be for the benefit of and shall not be enforceable by any Person who is not
a party and nothing in this Agreement, express or implied, is intended to or
shall (1) confer on any Person other than the parties and their respective
Successors any rights (including third-party beneficiary rights), remedies,
obligations or liabilities under or by reason of this Agreement or (2)
constitute the parties as partners or as participants in a joint venture. This
Agreement shall not provide third parties with any remedy, claim, liability,
reimbursement, cause of action or other right in excess of those existing
without reference to the terms of this Agreement and no third party shall have
any right, independent of any right that exists irrespective of this Agreement,
to bring any suit at law or equity for any matter governed by or subject to the
provisions of this Agreement.

         18.10    Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one instrument. Each counterpart may consist of a
number of copies each signed by less than all, but together signed by all the
parties hereto.

                                      29
<PAGE>
                  IN WITNESS WHEREOF, each of the parties has caused this
Agreement to be executed in duplicate originals by its duly authorized
representatives as of the date first stated above.

                                    WARNER COMMUNICATIONS INC.

                                    By:
                                       ----------------------------------------
                                       Name:
                                       Title:

                                    TIME WARNER CABLE INC.

                                    By:
                                       ----------------------------------------
                                       Name:
                                       Title:

                                      30
<PAGE>
                                   Schedule A

         rr.com

         roadrunner.com

         And any other domain name incorporating any of the Licensed Marks that
was used in the TWE Broadband Business as of the Closing.

                                      31<PAGE>
                                                                   EXHIBIT 10.12

                [AOLTW - TW CABLE CONSOLIDATED RETURN AGREEMENT]

                         FORM OF TAX MATTERS AGREEMENT

                  THIS TAX MATTERS AGREEMENT (the "Agreement"), dated as of
[Date], is entered into between AOL Time Warner Inc., a Delaware corporation
("AOL Time Warner"), and Time Warner Cable Inc., a New York corporation,
("TWC").

                                    RECITALS

         A.       AOL Time Warner is the common parent corporation of an
affiliated group of corporations within the meaning of Section 1504(a) of the
Internal Revenue Code of 1986, as amended (the "Code"), that has elected to
file consolidated federal income tax returns, and TWC is a member of such
group.

         B.       AOL Time Warner and TWC desire to set forth in the Agreement
their agreement as to certain matters relating to the inclusion of the TWC
Consolidated Group (as defined below) in the AOL Time Warner Consolidated
Group, including the allocation of tax liabilities for years in which TWC is so
included, and certain other matters relating to taxes.

                  The parties agree as follows:

                  1.       DEFINITIONS.

                  "Adjustment" shall have the meaning set forth in Section 8 of
this Agreement.

                  "Agreement Year" shall have the meaning set forth in Section
2 of this Agreement.

                  "AOL Time Warner" shall have the meaning set forth in the
Preamble to this Agreement.

                  "AOL Time Warner Consolidated Group" shall mean any
affiliated group of corporations electing to file consolidated federal income
tax returns of which AOL Time Warner is a member.

                  "AOL Time Warner Consolidated Return" shall have the meaning
set forth in Section 2 of this Agreement.

                   "Code" shall have the meaning set forth in the Recitals.
<PAGE>
                                                                              2

                  "Determination" shall mean a settlement, compromise, or other
agreement with the IRS or the relevant state, local or foreign taxing
authority, whether contained in an Internal Revenue Service Form 870 or other
comparable form, or otherwise, or such procedurally later event, such as a
closing agreement with the IRS or the relevant state, local or foreign taxing
authority, an agreement contained in an IRS Form 870-D or other comparable
form, an agreement that constitutes a determination under Section 1313(a)(4) of
the Code, a deficiency notice with respect to which the period for filing a
petition with the Tax Court or the relevant state, local or foreign tribunal
has expired or a decision of any court of competent jurisdiction that is not
subject to appeal or as to which the time for appeal has expired.

                  "Estimated Tax Payments" shall have the meaning set forth in
Section 4 of this Agreement.

                  "IRS" shall mean the Internal Revenue Service.

                  "Group" shall mean either the Parent Group or the TWC
Consolidated Group.

                  "Parent Group" shall mean the affiliated group of
corporations (including any predecessors and successors thereto) within the
meaning of Section 1504(a) of the Code, of which AOL Time Warner is the common
parent, excluding any corporation that is a member of the TWC Consolidated
Group.

                  "Post-Consolidation Year" shall have the meaning set forth in
Section 5 of this Agreement.

                  "Pro Forma TWC Return" shall have the meaning set forth in
Section 3 of this Agreement.

                  "Records" shall have the meaning set forth in Section 8 of
this Agreement.

                  "Regulations" shall mean the Treasury regulations promulgated
under the Code.

                   "TWC" shall have the meaning set forth in the Preamble to
this Agreement.

                  "TWC Consolidated Group" shall mean TWC or TWC and the
affiliated group of corporations (including any predecessors and successors
thereto) within the meaning of Section 1504(a) of the Code, of which TWC would
be the common parent if it were not included in the AOL Time Warner
Consolidated Group.

                  "TWC Return Items" shall have the meaning set forth in
Section 8 of this Agreement.

                  "TWC Tax Package" shall have the meaning set forth in Section
7 of this Agreement.
<PAGE>
                                                                              3

                  2.       FILING OF CONSOLIDATED RETURNS AND PAYMENT OF
CONSOLIDATED TAX LIABILITY.

                  For all taxable years in which AOL Time Warner files
consolidated federal income tax returns (any such return of the AOL Time Warner
Consolidated Group for any taxable year, an "AOL Time Warner Consolidated
Return") and is entitled to include the TWC Consolidated Group in such returns
under Sections 1501-1504, or successor provisions, of the Code, AOL Time Warner
shall include the TWC Consolidated Group in the consolidated federal income tax
returns it files as the common parent corporation of the AOL Time Warner
Consolidated Group. AOL Time Warner, TWC, and the other members of the AOL Time
Warner Consolidated Group shall file any and all consents, elections or other
documents and take any other actions necessary or appropriate to effect the
filing of such federal income tax returns. For all taxable years in which the
TWC Consolidated Group is included in the AOL Time Warner Consolidated Group,
AOL Time Warner shall pay the entire federal income tax liability of the AOL
Time Warner Consolidated Group and shall indemnify and hold harmless TWC
against any such liability; provided, however, that TWC shall make payments to
AOL Time Warner or receive payments from AOL Time Warner as provided in the
Agreement for any taxable year (which term shall throughout the Agreement
include any short taxable year) during which the TWC Consolidated Group is
included in the AOL Time Warner Consolidated Group (an "Agreement Year").

                  3.       PRO FORMA RETURNS.

                  For each Agreement Year, AOL Time Warner shall prepare a pro
forma federal income tax return for the TWC Consolidated Group (a "Pro Forma
TWC Return") and the Parent Group (a "Pro Forma Parent Return"). The Pro Forma
TWC Return shall be prepared based on the corresponding TWC Tax Package
provided pursuant to Section 7 hereof. Except as otherwise provided herein, the
Pro Forma TWC Return and Pro Forma Parent Return for each Agreement Year shall
be prepared as if TWC filed a consolidated return on behalf of the TWC
Consolidated Group for such taxable year, and no member of one Group was a
member of the other Group. The Pro Forma Return for each Group shall reflect
any carryovers of net operating losses, net capital losses, excess tax credits,
or other tax attributes from prior Pro Forma Returns for such Group which could
have been utilized by such Group if the TWC Consolidated Group had never been
included in the AOL Time Warner Consolidated Group and all Pro Forma Returns
for the relevant Group had been actual returns. The Pro Forma Return for each
Group shall be prepared in a manner that reflects all elections, positions, and
methods used in the AOL Time Warner Consolidated Return that must be applied on
a consolidated basis and otherwise the Pro Forma Parent Return shall be
prepared in a manner consistent with the AOL Time Warner Consolidated Return
and the Pro Forma TWC Return shall be prepared in a manner consistent with past
practices of the Time Warner cable group. The provisions of the Code that
require consolidated computations, such as Sections 861, 1201-1212 and 1231,
shall be applied separately to each Group as if such Group and the other Group
were separate affiliated groups,
<PAGE>
                                                                              4

except that: (a) the Pro Forma TWC Return prepared for the last taxable year,
or portion thereof, during which the TWC Consolidated Group is included in the
AOL Time Warner Consolidated Return shall also include any income, gains or
losses of the members of the TWC Consolidated Group on transactions within the
TWC Consolidated Group that must be taken into account pursuant to Section
1.1502-13 of the Regulations and any income of the members of the TWC
Consolidated Group that must be taken into account pursuant to Section
1.1502-19 of the Regulations and, in each case, reflected on the AOL Time
Warner Consolidated Return when the TWC Consolidated Group ceases to be
included in the AOL Time Warner Consolidated Return; and (b) transactions
between the TWC Consolidated Group, on the one hand, and any member of the
Parent Group, on the other hand, shall not be taken into account until the
first taxable year in which such transaction is required to be taken into
account pursuant to Regulations promulgated under Section 1502. For purposes
of the Agreement, all determinations made as if the TWC Consolidated Group had
never been included in the AOL Time Warner Consolidated Group and as if all Pro
Forma TWC Returns were actual returns shall reflect any actual short taxable
years resulting from the TWC Consolidated Group joining or leaving the AOL Time
Warner Consolidated Group.

                  4.       TAX PAYMENTS.

                           (a)      Estimated Tax Payments.

                                    (i)      For each Agreement Year, TWC shall
                  make periodic payments ("Estimated Tax Payments") to AOL Time
                  Warner in such amounts as determined by AOL Time Warner (in
                  good faith and in accordance with the principles of Section 3
                  hereof) based upon the estimated tax payments that would be
                  due from the TWC Consolidated Group if it were not included
                  in the AOL Time Warner Consolidated Group no later than the
                  dates on which payments of estimated tax would be due from
                  the TWC Consolidated Group if it were not included in the AOL
                  Time Warner Consolidated Group. AOL Time Warner shall notify
                  TWC of any amounts due from TWC to AOL Time Warner pursuant
                  to this Section 4(a)(i) no later than 5 business days prior
                  to the date such payments would be due from the TWC
                  Consolidated Group if it were not included in the AOL Time
                  Warner Consolidated Group and any such payments shall not be
                  considered due until the later of the due date described
                  above or the fifth day from the notice from AOL Time Warner.

                                    (ii)     For each Agreement Year, AOL Time
                  Warner shall make Estimated Tax Payments to TWC in an amount
                  equal to the excess, if any of (x) the estimated tax payments
                  that would be due from the Parent Group for the relevant
                  period if the Parent Group filed its own consolidated tax
                  return, determined by AOL Time Warner in good faith and in
                  accordance with the principles of Section 3 hereof, over (y)
                  the actual estimated tax payments due from the AOL Time
                  Warner Consolidated Group for such period, no later than the
<PAGE>
                                                                              5

                  dates on which payments of estimated tax are due from the AOL
                  Time Warner Consolidated Group.

                           (b)      Payments Based on Pro Forma Returns.

                                    (i)      Payments Based on Pro Forma TWC
                  Return. TWC shall pay to AOL Time Warner no later than the
                  date on which an AOL Time Warner Consolidated Return for any
                  Agreement Year is filed an amount equal to the excess of (x)
                  the sum of (A) the federal income tax liability shown on the
                  corresponding Pro Forma TWC Return prepared for the Agreement
                  Year, plus (B) an amount equal to the additions to tax, if
                  any (under Section 6655 of the Code, or otherwise) that would
                  have been imposed on the TWC Consolidated Group (treating the
                  amount due to AOL Time Warner under (A) above as its federal
                  income tax liability and treating any Estimated Tax Payments
                  to AOL Time Warner pursuant to clause (a) as estimated
                  payments for purposes of Section 6655 of the Code) as a
                  result of the inaccuracy of any information provided by TWC
                  to AOL Time Warner pursuant to Section 7 hereof or from the
                  failure of TWC to provide any requested information, up to
                  the total amount of the additions to tax, if any (under
                  Section 6655 of the Code, or otherwise) that are imposed on
                  the AOL Time Warner Consolidated Group for such Agreement
                  Year plus (C) any interest that would be due under the Code
                  if the Estimated Tax Payments were actual payments of tax,
                  over (y) the aggregate amount of Estimated Tax Payments paid
                  by TWC to AOL Time Warner, during such year. If the aggregate
                  amount of TWC's Estimated Tax Payments to AOL Time Warner for
                  any Agreement Year exceed the amount of its liability, as
                  determined under clause (x) of the preceding sentence, AOL
                  Time Warner shall refund such excess, plus interest (accruing
                  from each date with respect to which there was an overpayment
                  of Estimated Tax Payments) to TWC no later than the fifth
                  business day following the filing of the AOL Time Warner
                  Consolidated Return. AOL Time Warner shall notify TWC of any
                  amounts due from TWC to AOL Time Warner pursuant to this
                  Section 4(b) no later than 5 business days prior to the date
                  such payments are due and any such payment due from TWC to
                  AOL Time Warner shall not be considered due until the later
                  of the due date described above or the fifth day from the
                  notice from AOL Time Warner.

                                    (ii)     Payments Based on Pro Forma Parent
                  Returns. AOL Time Warner shall pay to TWC no later than the
                  date on which an AOL Time Warner Consolidated Return for any
                  Agreement Year is filed an amount equal to the excess of (x)
                  (A) the federal income tax liability shown on the
                  corresponding Pro Forma Parent Return prepared for the
                  Agreement Year, plus (B) any interest that would be due under
                  the Code if the Estimated Tax Payments were actual payments
                  of tax, minus (C) the actual federal income tax liability for
                  the AOL Time Warner Consolidated Group for such taxable year
                  over (y) the aggregate
<PAGE>
                                                                              6

                  amount of Estimated Tax Payments paid by AOL Time Warner to
                  TWC during such year. If the aggregate amount of AOL Time
                  Warner's Estimated Tax Payments to TWC for any Agreement Year
                  exceed the amount of its liability, as determined under
                  clause (x) of the preceding sentence, TWC shall refund such
                  excess to AOL Time Warner, plus interest (accruing from each
                  date with respect to which there was an overpayment of
                  Estimated Tax Payments) no later than the fifth business day
                  following the filing of the AOL Time Warner Consolidated
                  Return.

                           (c)      For purposes of the Agreement, the term
                  "federal income tax liability" includes the tax imposed by
                  Sections 11, 55 and 59A of the Code, or any successor
                  provisions to such Sections.

                  5.       PAYMENTS FOR TAXABLE YEARS IN THE EVENT OF
DECONSOLIDATION.

                           (a)      Payments By TWC To AOL Time Warner. If for
                  any taxable year after the TWC Consolidated Group ceases to
                  be included in the AOL Time Warner Consolidated Group (a
                  "Post-Consolidation Year"), (i) the federal income tax
                  liability of the TWC Consolidated Group is less than the
                  federal income tax liability that would have been imposed
                  with respect to the same period if the TWC Consolidated Group
                  had not been included in the AOL Time Warner Consolidated
                  Group for any Agreement Year and all Pro Forma TWC Returns
                  had been actual returns for such years, or (ii) the federal
                  income tax liability of the AOL Time Warner Consolidated
                  Group is greater than the federal income tax liability that
                  would have been imposed with respect to the same period if
                  the TWC Consolidated Group had not been included in the AOL
                  Time Warner Consolidated Group for any Agreement Year and all
                  Pro Forma TWC Returns had been actual returns for such years,
                  then, to the extent that TWC has not already made a payment
                  to AOL Time Warner for utilization of the tax attributes that
                  gave rise to the decrease or increase described in (i) or
                  (ii), TWC shall pay to AOL Time Warner an amount equal to
                  such decrease or increase within 10 days of the filing of TWC
                  Post-Consolidation Year return. In the event that there is
                  both a decrease and an increase described in (i) and (ii),
                  respectively, of the previous sentence for any
                  Post-Consolidation Year, then TWC shall make a payment to AOL
                  Time Warner in an amount equal to the sum of such decrease
                  and increase, unless such decrease and increase (or any
                  portion thereof) result from utilization of the same tax
                  attribute(s), in which case the amount of the payment will be
                  reduced accordingly.

                           (b)      Payments By AOL Time Warner To TWC. If for
                  any Post-Consolidation Year (i) the federal income tax
                  liability of the TWC Consolidated Group is greater than the
                  federal income tax liability that would have been
<PAGE>
                                                                              7

                  imposed with respect to the same period if the TWC
                  Consolidated Group had not been included in the AOL Time
                  Warner Consolidated Group for any Agreement Year and all Pro
                  Forma TWC Returns had been actual returns for such years, or
                  (ii) the federal income tax liability of the AOL Consolidated
                  Group is less than the federal income tax liability that
                  would have been imposed with respect to the same period if
                  the TWC Consolidated Group had not been included in the AOL
                  Time Warner Consolidated Group for any Agreement Year and all
                  Pro Forma TWC Returns had been actual returns for such years,
                  then, to the extent that AOL Time Warner has not already made
                  a payment to TWC for utilization of the tax attributes that
                  gave rise to the increase or decrease described in (i) or
                  (ii), AOL Time Warner shall pay to TWC an amount equal to
                  such increase or decrease within 10 days of notification by
                  TWC to AOL Time Warner of the filing of TWC
                  Post-Consolidation Year return. In the event that there is
                  both an increase and a decrease described in (i) and (ii),
                  respectively, of the previous sentence for any
                  Post-Consolidation Year, then AOL Time Warner shall make a
                  payment to TWC in an amount equal to the sum of such increase
                  and decrease, unless such increase and decrease (or any
                  portion thereof) result from utilization of the same tax
                  attribute(s), in which case the amount of the payment will be
                  reduced accordingly.

                           (c)      Documentation. Prior to the payment of any
                  amounts due pursuant to this Section 5, the parties shall
                  exchange such information and documentation as is reasonably
                  satisfactory to each of them in order to substantiate the
                  amounts due pursuant to this Section 5. Any disputes as to
                  such amounts and documentation which cannot be resolved prior
                  to the date a payment is due shall be referred to an
                  independent accounting firm whose fees shall paid one half by
                  TWC and one half by AOL Time Warner.

                           (d)      Post-Consolidation Year Carrybacks.

                                    (i)      If a TWC Consolidated Group
                  federal income tax return for any Post-Consolidation Year
                  reflects a net operating loss, net capital loss, excess tax
                  credits, or any other tax attribute, whether or not TWC
                  waives the right to carryback any such attribute to an AOL
                  Time Warner Consolidated Return, no payment with respect to
                  such carrybacks shall be due from AOL Time Warner.

                                    (ii)     If an AOL Time Warner Consolidated
                  Return for any Post-Consolidation Year reflects a net
                  operating loss, net capital loss, excess tax credits, or any
                  other tax attribute, such attribute may be carried back to an
                  AOL Time Warner Consolidated Return for an Agreement Year,
                  and AOL Time Warner shall be entitled to retain (without any
                  obligation to reimburse TWC) the full amount of any refund
                  received in connection therewith. In the event that TWC (or
                  any other member of the TWC Consolidated Group) receives any
                  refund
<PAGE>
                                                                              8

                  with respect to an Agreement Year issued in connection with a
                  carryback of an AOL Time Warner Consolidated Group tax
                  attribute from a Post-Consolidation Year to an AOL Time
                  Warner Consolidated Return for an Agreement Year, TWC shall
                  promptly pay the full amount of such refund to AOL Time
                  Warner.

                           (e)      No Duplication of Payment. Notwithstanding
                  anything to the contrary herein, neither Section 5(a) nor
                  Section 5(b) shall require TWC or AOL Time Warner, as the
                  case may be, to make any payment pursuant to such section to
                  the extent that the payment is attributable to a tax
                  attribute for which payment has previously been made pursuant
                  to Section 4.

                  6.       CARRYBACK OF TAX ATTRIBUTES. To the extent that AOL
Time Warner elects to carryback a net operating loss, net capital loss, excess
tax credits or any other tax attribute of the TWC Consolidated Group or the
Parent Group in any Agreement Year to an AOL Time Warner Consolidated Return
for any earlier Agreement Year, an adjustment shall be made to the
corresponding Pro Forma TWC Return or Pro Forma Parent Return, as applicable,
to reflect the utilization of such carryback, and all calculations of payments
made pursuant to Sections 4 and 5 of this Agreement shall be recomputed to
reflect the effect of such carryback on the relevant Pro Forma TWC Return or
Pro Forma Parent Return. Within 30 days after the date on which the AOL Time
Warner Consolidated Return reflecting utilization of such attribute is filed,
TWC or AOL Time Warner, as appropriate, shall make additional payments to the
other party reflecting the recomputation described in the preceding sentence.

                  7.       PREPARATION OF TAX PACKAGE AND OTHER FINANCIAL
REPORTING INFORMATION.

                  TWC shall provide to AOL Time Warner in a format determined
by AOL Time Warner all information requested by AOL Time Warner as reasonably
necessary to prepare the AOL Time Warner Consolidated Return and the Pro Forma
TWC Return (the "TWC Tax Package"). The TWC Tax Package with respect to any
taxable year shall be provided to AOL Time Warner on a basis consistent with
current practices of the AOL Time Warner Consolidated Group. TWC shall also
provide to AOL Time Warner information required to determine the Estimated Tax
Payments, current federal taxable income, current and deferred tax liabilities,
tax reserve items, and any additional current or prior information required by
AOL Time Warner on a timely basis consistent with current practices of the AOL
Time Warner Consolidated Group.

                  8.       RETURNS, AUDITS, REFUNDS, AMENDED RETURNS,
LITIGATION, ADJUSTMENTS AND RULINGS.

                           (a)      Returns. AOL Time Warner shall have
                  exclusive and sole responsibility for the preparation and
                  filing of the AOL Time Warner Consolidated Returns (including
                  requests for extensions thereof) and any other returns,
                  amended returns and other documents or statements required to
                  be filed
<PAGE>
                                                                               9

                  with the IRS in connection with the determination of the
                  federal income tax liability of the AOL Time Warner
                  Consolidated Group.

                           (b)      Audits; Refund Claims. AOL Time Warner will
                  have exclusive and sole responsibility and control with
                  respect to the conduct and settlement of IRS examinations of
                  the returns filed by the AOL Time Warner Consolidated Group
                  and any refund claims with respect thereto; provided,
                  however, that no settlement relating to any matter that would
                  cause a payment obligation for TWC under this Agreement shall
                  be accepted or entered into by AOL Time Warner without the
                  consent of TWC (which consent shall not unreasonably be
                  withheld or delayed). If TWC does not respond to AOL Time
                  Warner's request for consent within 30 days, TWC shall be
                  deemed to have consented. TWC shall assist and cooperate with
                  AOL Time Warner during the course of any such proceeding.
                  Within 10 days of the commencement of any such proceeding,
                  AOL Time Warner shall give TWC notice of and consult with TWC
                  with respect to any issues relating to items of income, gain,
                  loss, deduction or credit of TWC (any such items, "TWC Return
                  Items"); provided, that, TWC shall not be relieved of any
                  obligation to make additional payments under this Agreement
                  if AOL Time Warner fails to timely deliver the notice
                  described above except to the extent that TWC is actually
                  prejudiced thereby. Notwithstanding the foregoing, AOL Time
                  Warner shall have the right in its sole discretion to have
                  TWC pay any disputed taxes and sue for a refund in the forum
                  of AOL Time Warner's choice. AOL Time Warner shall act in
                  good faith with respect to the matters described in this
                  Section 8(b).

                           (c)      Litigation. If the federal income tax
                  liability of the AOL Time Warner Consolidated Group becomes
                  the subject of litigation in any court, the conduct and
                  settlement of the litigation shall be controlled exclusively
                  by AOL Time Warner; provided, however, that no settlement
                  relating to any matter that would cause a payment obligation
                  for TWC under this Agreement shall be accepted or entered
                  into by AOL Time Warner without the consent of TWC (which
                  consent shall not unreasonably be withheld or delayed). If
                  TWC does not respond to AOL Time Warner's request for consent
                  within 30 days, TWC shall be deemed to have consented. TWC
                  shall assist and cooperate with AOL Time Warner during the
                  course of litigation, and AOL Time Warner shall consult with
                  TWC regarding any issues relating to TWC Return Items. AOL
                  Time Warner shall act in good faith with respect to the
                  matters described in this Section 8(c).

                           (d)      Expenses. TWC shall reimburse AOL Time
                  Warner for all reasonable out-of-pocket expenses (including,
                  without limitation, legal, consulting and accounting fees) in
                  the course of proceedings described in paragraphs (b) and (c)
                  of this Section to the extent such expenses are reasonably
                  attributable to TWC Return Items for any Agreement Year.
<PAGE>
                                                                              10

                           (e)      Recalculation Of Payments To Reflect
                  Adjustments. To the extent that there is a Determination with
                  respect to an AOL Time Warner Consolidated Return for any
                  year, or a TWC Consolidated Group return for a
                  Post-Consolidation Year, that results in an additional
                  payment of tax (including a payment of tax made preliminary
                  to commencing a refund claim or litigation) or a refund of
                  tax (including a refund of a preliminary payment referred to
                  in the preceding parenthetical) (any such additional payment
                  or refund, an "Adjustment") relating to the AOL Time Warner
                  Consolidated Return for an Agreement Year, a corresponding
                  adjustment shall be made to the corresponding Pro Forma TWC
                  Return or Pro Forma Parent Return, as applicable.

                  All calculations of payments made pursuant to Sections 4, 5
                  and 6 of the Agreement shall be recomputed to reflect the
                  effect of any Adjustments on (i) the relevant Pro Forma TWC
                  Return or Pro Forma Parent Return, and (ii) the liability of
                  TWC or AOL Time Warner for a Post-Consolidation Year;
                  provided, that, any such payment recomputation shall also
                  take into account any previous adjusted payments made in
                  connection with an Adjustment resulting from a prior
                  Determination. Within 5 days after any such Adjustment, TWC
                  or AOL Time Warner, as appropriate, shall make additional
                  payments or refund payments to the other party reflecting
                  such Adjustment, plus interest pursuant to Section 9 of the
                  Agreement, calculated as if payments by and to TWC pursuant
                  to Sections 4, 5 and 6 of the Agreement and this Section 8
                  were payments and refunds of federal income taxes. TWC shall
                  further pay to AOL Time Warner, on an after-tax basis, the
                  amount of any penalties or additions to tax incurred by the
                  AOL Time Warner Consolidated Group in connection with any
                  adjustment to any TWC Return Item for an Agreement Year, but
                  only if such penalties or additions to tax result from the
                  inaccuracy of any information provided by TWC to AOL Time
                  Warner pursuant to Section 7 hereof or from the failure of
                  TWC to provide any requested information.

                           (f)      Rulings. TWC shall assist and cooperate
                  with AOL Time Warner and take all actions reasonably
                  requested by AOL Time Warner in connection with any ruling
                  requests submitted by AOL Time Warner to the IRS.

                           (g)      Applicability With Respect To All
                  Consolidated Returns. The provisions of Section 8(a), (b) and
                  (c) above shall apply to AOL Time Warner Consolidated Returns
                  and TWC Return Items for all taxable years in which TWC is
                  includable in the AOL Time Warner Consolidated Group.

                           (h)      Document Retention, Access To Records & Use
                  Of Personnel. Until the expiration of the relevant statute of
                  limitations (including extensions), each of AOL Time Warner
                  and TWC shall (i) retain records, documents, accounting data,
                  computer data and other information (collectively, the
<PAGE>
                                                                              11

                  "Records") necessary for the preparation, filing, review,
                  audit or defense of all tax returns relevant to an
                  obligation, right or liability of either party under the
                  Agreement; and (ii) give each other reasonable access to such
                  Records and to its personnel (insuring their cooperation) and
                  premises to the extent relevant to an obligation, right or
                  liability of either party under the Agreement. Prior to
                  disposing of any such Records, each of AOL Time Warner and
                  TWC shall notify the other party in writing of such intention
                  and afford the other party the opportunity to take possession
                  or make copies of such Records at its discretion.

                  9.       INTEREST.

                  Interest required to be paid pursuant to the Agreement shall,
unless otherwise specified, be computed at the rate and in the manner provided
in the Code for interest on underpayments and overpayments, respectively, of
federal income tax for the relevant period. Any payments required pursuant to
the Agreement which are not made within the time period specified in the
Agreement shall bear interest at a rate equal to two hundred basis points above
the average interest rate on the senior bank debt of AOL Time Warner.

                  10.      FOREIGN, STATE AND LOCAL INCOME TAXES.

                           (a)      In the case of foreign, state or local
                  taxes based on or measured by the net income of the AOL Time
                  Warner Consolidated Group, or any combination of members
                  thereof (other than solely with respect to the TWC
                  Consolidated Group or members of the Parent Group) on a
                  combined, consolidated or unitary basis, the provisions of
                  the Agreement shall apply with equal force to such foreign,
                  state or local tax for each Agreement Year whether or not the
                  TWC Consolidated Group is included in the AOL Time Warner
                  Consolidated Group for federal income tax purposes; provided,
                  however, that interest pursuant to the first sentence of
                  Section 9 of the Agreement shall be computed at the rate and
                  in the manner provided under such foreign, state or local law
                  for interest on underpayments and overpayments of such tax
                  for the relevant period and references to provisions of the
                  Code throughout the Agreement shall be deemed to be
                  references to analogous provisions of state, local, and
                  foreign law.

                           (b)      For any Agreement Year, AOL Time Warner
                  shall have the sole and exclusive control of (a) the
                  determination of whether a combined, consolidated or unitary
                  tax return should be filed for any foreign, state or local
                  tax purpose.

                           (c)      TWC shall be responsible for filing tax
                  returns relating to payroll, sales and use, property,
                  withholding, capital stock, net worth and similar taxes
                  attributable to members of the TWC Consolidated Group and
                  shall be responsible for the payment of such taxes.
<PAGE>
                                                                              12

                           (d)      For all taxable years that TWC is a member
                  of the AOL Time Warner Consolidated Group, TWC shall have the
                  sole and exclusive responsibility for all taxes based on or
                  measured by net income that are determined solely by the
                  income of the TWC Consolidated Group (or any combination of
                  the members thereof, including the predecessors and
                  successors of such members) on a combined, consolidated,
                  unitary or separate company basis.

                  11.      CONFIDENTIALITY.

                  Each of AOL Time Warner and TWC agrees that any information
furnished pursuant to the Agreement is confidential and, except as and to the
extent required by law or otherwise during the course of an audit or litigation
or other administrative or legal proceeding, shall not be disclosed to other
persons. In addition, each of AOL Time Warner and TWC shall cause its
employees, agents and advisors to comply with the terms of this Section 11.

                  12.      SUCCESSORS AND ACCESS TO INFORMATION.

                  The Agreement shall be binding upon and inure to the benefit
of any successor to any of the parties, by merger, acquisition of assets or
otherwise, to the same extent as if the successor had been an original party to
the Agreement, and in such event, all references herein to a party shall refer
instead to the successor of such party. If for any taxable year TWC is no
longer included in the AOL Time Warner Consolidated Group, AOL Time Warner and
TWC agree to provide to the other party any information reasonably required to
complete tax returns for taxable periods beginning after TWC is no longer
included in an AOL Time Warner Consolidated Return, and each of AOL Time Warner
and TWC will cooperate with respect to any audits or litigation relating to any
AOL Time Warner Consolidated Return.

                  13.      GOVERNING LAW.

                  The Agreement shall be governed by and construed in
accordance with the laws of New York excluding (to the greatest extent
permissible by law) any rule of law that would cause the application of the
laws of any jurisdiction other than the State of New York.

                  14.      HEADINGS.

                  The headings in the Agreement are for convenience only and
shall not be deemed for any purpose to constitute a part or to affect the
interpretation of the Agreement.

                  15.      COUNTERPARTS.

                  The Agreement may be executed simultaneously in two or more
counterparts, each of which will be deemed an original, and it shall not be
necessary in making proof of the Agreement to produce or account for more than
one counterpart.
<PAGE>
                                                                              13

                  16.      NOTICES.

                  Any payment, notice or communication required or permitted to
be given under the Agreement shall be in writing (including telecopy
communication) and mailed, telecopied or delivered:

                           If to AOL Time Warner:

                           AOL Time Warner
                           75 Rockefeller Plaza
                           New York, NY  10019
                           Attention: Annaliese Kambour
                                      Senior Vice-President, Tax
                           Fax:       (212) 258-3027

                           Attention: Executive Vice President
                                      and General Counsel
                           Fax:       (212) 258-3172

                           If to TWC:

                           Attn:

or to any other address as AOL Time Warner or TWC shall furnish in writing to
one another. All such notices and communications shall be effective when
received.

                  17.      SEVERABILITY.

                  If any provision of the Agreement is held to be unenforceable
for any reason, it shall be adjusted rather than voided, if possible, in order
to achieve the intent of the parties to the maximum extent practicable. In any
event, all other provisions of the Agreement shall be deemed valid, binding,
and enforceable to their full extent.

                  18.      TERMINATION.

                  The Agreement shall remain in force and be binding so long as
the applicable period of assessments (including extensions) remains unexpired
for any taxes contemplated by the Agreement; provided, however, that neither
AOL Time Warner nor TWC shall have any liability to the other party with
respect to tax liabilities for taxable years in which TWC is not
<PAGE>
                                                                              14

included in the AOL Time Warner Consolidated Returns except as provided in
Sections 5 and 10 of this Agreement.

                  19.      SUCCESSOR PROVISIONS.

                  Any reference herein to any provisions of the Code or
Treasury Regulations shall be deemed to include any amendments or successor
provisions thereto as appropriate.

                  20.      COMPLIANCE BY SUBSIDIARIES

                  AOL Time Warner and TWC each agrees to cause all members of
the Parent Group and the TWC Consolidated Group (including predecessors and
successors to such members) to comply with the terms of the Agreement.

                  IN WITNESS WHEREOF, each of the parties of the Agreement has
caused the Agreement to be executed by its duly authorized officer on this date
of           , 200[_].

                                    AOL TIME WARNER INC.

                                    By:
                                       ----------------------------------------
                                       Name:
                                       Title:

                                    TIME WARNER ENTERTAINMENT Inc.

                                    By:
                                       ----------------------------------------
                                       Name:
                                       Title:

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