Document:

Fourth Amendment to the Insight Ohio Credit Agreement

 Exhibit 10.1
 FOURTH AMENDMENT
            FOURTH AMENDMENT, dated as of May 1, 2003(this “Fourth Amendment”), to the Revolving Credit Agreement, dated as of October 7, 1998 (as amended,
supplemented, or otherwise modified from time to time, the “Credit Agreement”), among INSIGHT COMMUNICATIONS OF CENTRAL OHIO, LLC, a limited liability company organized under the laws of Delaware (the “Borrower”),
the several banks and other financial institutions or entities from time to time parties to the Credit Agreement (the “Lenders”), and CANADIAN IMPERIAL BANK OF COMMERCE, as administrative agent for the Lenders thereunder (in such
capacity, the “Administrative Agent”).
  W I T N E S S E T H :
            WHEREAS, the Borrower, the Lenders and the Administrative Agent are parties to the Credit Agreement; and
            WHEREAS, the Borrower has requested and, upon this Amendment becoming effective, the Majority Lenders have agreed, that certain provisions of the Credit Agreement be
amended in the manner provided for in this Fourth Amendment.
            NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein, the parties agree as follows:
            1.     Definitions.  Unless otherwise defined
herein, terms defined in the Credit Agreement shall have their defined meanings when used herein.
            2.     Amendment to Section 1.1 of the Credit Agreement.  Section 1.1 of the Credit Agreement is hereby amended by adding thereto
the following definition in its appropriate alphabetical order:

	  
 	                ““Insight Midwest Holdings”: Insight Midwest Holdings, LLC, a
limited liability company formed under the laws of Delaware.”
 

            3.     Amendments to
Section 7.1 of the Credit Agreement.  (a) Section 7.1 of the Credit Agreement is hereby amended by deleting the proviso to paragraph (c) of such Section in its entirety.
            (b)   Section 7.1 of the Credit Agreement is hereby amended by deleting paragraph (d) of such Section in its entirety.
            4.     Amendment to Section 7.7 of the Credit Agreement.  Section 7.7 of the Credit Agreement is hereby amended by (a) deleting
clause (iii) of paragraph (a) of such Section in its entirety.
            5.     Amendments to Section 8 of the Credit
Agreement.  (a) Sections 8(b), (c) and (d) of the Credit Agreement are hereby amended by inserting “or Insight Midwest Holdings” after the words “Loan Party” in the first lines thereof. 

  2
            (b)   Sections 8(e), (f) and (h)
are of the Credit Agreement are hereby amended by inserting “or Insight Midwest Holdings” after each occurrence of the words “the Borrower or any of its Subsidiaries”.
            6.     Conditions to Effectiveness.  This Fourth Amendment shall be effective on the conditions that (a) the Administrative Agent
shall have received counterparts hereof, duly executed and delivered by the Borrower and the Lenders, (b) Insight Midwest Holdings shall have become a party to the Guarantee and Collateral Agreement as a Guarantor pursuant to documentation
satisfactory to the Administrative Agent and the Administrative Agent shall have received a satisfactory opinion of counsel with respect to such matters related thereto as it shall have reasonably requested and (c) no Default or Event of Default
shall have occurred and be continuing on the date hereof after giving effect to this Fourth Amendment.  The date on which all of the above conditions are met shall be the date of effectiveness of this Fourth Amendment (the “Fourth
Amendment Effective Date”).
           7.     Representations and Warranties.  In order to induce the
Lenders to enter into this Fourth Amendment, the Borrower hereby represents and warrants to the Lenders that the representations and warranties of the Borrower and the other Loan Parties contained in the Loan Documents are true and correct in all
material respects on and as of the Fourth Amendment Effective Date (after giving effect hereto) as if made on and as of the Fourth Amendment Effective Date (except where such representations and warranties expressly relate to an earlier date in
which case such representations and warranties were true and correct in all material respects as of such earlier date); provided that all references to the “Credit Agreement” in any Loan Document shall be and are deemed to mean the
Credit Agreement as amended hereby.
            8.     Applicable Law and Jurisdiction.  This Fourth Amendment
has been executed and delivered in New York, New York, and the rights and obligations of the parties hereto shall be governed by, and shall be construed and enforced in accordance with, the laws of the State of New York.
            9.     Counterparts.  The parties may execute this Fourth Amendment in counterparts and all such counterparts taken
together shall be deemed to constitute one instrument.  Delivery of an executed counterpart of a signature page to this Fourth Amendment by facsimile shall be effective as delivery of a manually executed counterpart of this Fourth
Amendment.
            10.     Successors and Assigns.  This Fourth Amendment shall be binding upon and inure
to the benefit of the Borrower and its successors and assigns, and upon the Administrative Agent and the Lenders and their respective successors and assigns.  The execution and delivery of this Fourth Amendment by any Lender prior to the Fourth
Amendment Effective Date shall be binding upon its successors and assigns and shall be effective as to any loans or commitments assigned to it after such execution and delivery.
           11.     Continuing Effect.  Except as expressly amended hereby, the Credit Agreement as amended by this Fourth Amendment shall
continue to be and shall remain in full force and effect in accordance with its terms.  This Fourth Amendment shall not constitute an amendment or waiver of any provision of the Credit Agreement not expressly referred to herein and shall not be
construed as an amendment, waiver or consent to any action on the part of the

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  Borrower that would require an amendment, waiver or consent of the Administrative Agent or the Lenders
except as expressly stated herein.  Any reference to the “Credit Agreement” in the Loan Documents or any related documents shall be deemed to be a reference to the Credit Agreement as amended by this Fourth Amendment. 

            IN WITNESS WHEREOF, the parties have caused this Fourth Amendment to be executed and delivered by their respective
duly authorized officers as of the day and year first above written.

	  
 	  INSIGHT COMMUNICATIONS OF CENTRAL OHIO, LLC
 
	  
 	  
 
	  
 	  By:
 
	  
 	  
 	 
 	  
 
	  
 	  
 	 Name:
 	  
 
	  
 	  
 	  Title:
 	  
 
	  
 	  
 
	  
 	  CIBC INC., as a Lender
 
	  
 	  
 
	  
 	  By:
 
	  
 	  
 	 
 	  
 
	  
 	  
 	  Name:
 	  
 
	  
 	  
 	  Title:<PAGE>

                                                                    Exhibit 10.1

Amendment of BJ Services Company Directors' Benefit Plan

     On March 27, 2003, BJ Services Company amended the terms under the BJ
     Services Company Directors' Benefit Plan. The changes are retroactive to
     January 1, 2003. Sections 3.2 and 3.3 were amended to read as follows:

          "3.2. Benefit Commencement Date

          A Participant's Benefit Commencement Date shall be the first day of
     the month coincident with or next succeeding such Participant's Termination
     Date. The initial Benefit payment made to a Participant pursuant to the
     provisions of this Article III shall be made as soon as administratively
     practicable following the participant's Benefit Commencement Date, and
     subsequent Benefit payments payable to such Participant, if any, shall be
     made on the first day of each month thereafter for as long as benefits are
     payable to such Participant under this Plan.

          3.3  Benefit Amount

          Subject to the provisions of Article IV, a Participant shall be
     entitled to receive a Benefit based on his Last Annual Retainer for each of
     his years of Service completed as of his Termination Date, payable in the
     form of equal monthly cash installments during such Participant's Benefit
     Payment Period. The amount of the monthly installment shall be determined
     as follows:

          (a) In the event that the Participant's Years of Service is ten
          or fewer years, the monthly installment shall be equal to
          one-twelfth of the Last Annual Retainer.

          (b) In the event that the Participant's Years of Service exceeds
          ten years, the monthly installment shall be calculated as
          follows:

               1. First, the Net Present Value of a series of payments
               equal to the Last Annual Retainer for a period of time
               equal to the Participant's Years of Service shall be
               calculated.

               2. Second, the monthly installment shall be calculated
               so that the Net Present

<PAGE>

                                                                    Exhibit 10.1

               Value of a series of such monthly installments paid
               over a period of ten years equals the Net Present Value
               obtained in Section 3.3(b)1, above."<PAGE>

                                                                    Exhibit 10.1

                               ASSIGNMENT OF LEASE

THE STATE OF TEXAS        )
                          )
COUNTY OF MATAGORDA       )

                                    RECITALS

1. THAT WHEREAS, the MATAGORDA COUNTY NAVIGATION DISTRICT NO. 2 ("MCND"), as
Lessor, executed and delivered to CLINT C. BLACKMAN, JR. ("Blackman"), as
Lessee, that one certain Agreement of Lease dated June 22, 1972, as modified on
June 16, 1982, covering the tract of land in Matagorda County, Texas as
described therein, a true and correct copy of said Lease being attached hereto
as EXHIBIT "A" and incorporated herein by reference for all purposes.

2. WHEREAS, Blackman, individually and as General Partner of BAY-TEX TERMINAL,
LTD. ("BAY-TEX"), as Lessee, did assign said Lease to FUEL OIL SUPPLY &
TERMINALING, INC. ("FOSTI") on the 7th day of February, 1979, said Assignment
being recorded in Volume 684 at Page 425 of the Real Property Records of
Matagorda County, Texas.

3. WHEREAS, FOSTI did assign the Lease to CRYSEN TRADING & MARKETING, INC., a
California Corporation ("Crysen"), with Crysen assuming payment of sums due on a
Note secured by a Deed of Trust recorded at Book 187, Page 505, of the Deed of
Trust Records of Matagorda County, Texas.

4. WHEREAS, Crysen did assign the Lease to THE WAY ENERGY, INC., a Delaware
Corporation ("Energy") on the 16th day of April, 1984, and said Assignment being
made subject to, but not the assumption of, the unpaid principal balance and
interest accrued on the Note described in Paragraph 3 above. A true and correct
copy of said Assignment is attached hereto as Exhibit "B" and incorporated
herein by reference for all purposes.

5. WHEREAS, on the 12th day of April, 1990, the PORT OF BAY CITY AUTHORITY, a
political subdivision organized under the laws of the State of Texas, and WAY
ENERGY, INC. entered into an Amendment of Lease Agreement whereby the Lease
Agreement was amended to include as part of the Leased Premises, that certain
parcel of land containing 0.40 acres. A true and correct copy of said Amendment
of Lease Agreement along with a meets and bounds description and survey plat of
the added 0.40 acres is attached as Exhibit "C" and incorporated herein by
reference for all purposes.

<PAGE>

6. WHEREAS, on the 16th day of August, 1993, the PORT OF BAY CITY AUTHORITY, and
WAY ENERGY, INC. entered into a Second Amendment To Lease Agreement whereby the
Lease Agreement was amended to include as part of the Leased Premises, that
certain parcel of land containing 4.902 acres. A true and correct copy of said
Second Amendment To Lease Agreement along with a meets and bounds description
and survey plat of the added 4.902 acres is attached as Exhibit "D" and
incorporated herein by reference for all purposes.

7. NOW THEREFORE, the undersigned WAY ENERGY, INC, in consideration of (i) the
sum of TEN DOLLARS ($10.00) and other good and valuable consideration receipt of
which is hereby acknowledged, (ii) the agreement of CSS to waive interest on the
herein described Modified Notes until June 1st, 2003, (iii) the agreement of CSS
to reduce in an amount of TWO MILLION DOLLARS ($2, 000, 000.00) the amount due
and owing on the herein described Modified Notes which were executed by EVANS
SYSTEMS, INC., the Parent company of WAY ENERGY, INC. in favor of CAIN, SMITH &
STRONG, L.P., a Delaware Limited Partnership on the 20th day of June, 2002, and
(iv) the covenant and agreement of CSS to timely perform all obligations of
payment and performance of the Lessee pursuant to the Lease; has granted, sold,
transferred, and assigned, and does hereby grant, sell, transfer, and assign
unto CSS LAKE JACKSON PROPERTY, L.P.("CSS") the Lease, together with all
leasehold and other rights, title, and interest that the undersigned has by
virtue of said Lease in and to the property conveyed thereby.

     TO HAVE AND TO HOLD the above described premises, together with all and
singular the rights and appurtenances thereto in anyway belonging, unto CSS, its
successors and assigns, forever; and WAY ENERGY, INC. does hereby bind itself,
its successors and assigns, to warrant and forever defend all and singular the
leasehold interest transferred herein unto CSS, its successors and assigns,
against every person whomsoever lawfully claiming or to claim the same or any
part thereof, by, through, and under WAY ENERGY, INC., but not otherwise.

     CSS hereby assumes all obligations, payment and otherwise of WAY ENERGY,
INC. and its predecessors in interest under the Lease, and agrees to perform the
same promptly and faithfully, and to indemnify and hold WAY ENERGY, INC.
harmless with regard to the same.

     WAY ENERGY, INC. agrees to indemnify, defend, and hold CSS harmless against
all environmental claims, damages, and liabilities of whatever nature, foreseen
or unforeseen, under any state or federal Environmental Laws. However, such
obligation to indemnify shall only apply to those environmental conditions which
came into existence, or which were created after June 22, 2002 and prior to the
effective date of this instrument. All environmental conditions existing prior
to June 22, 2002, and all environmental conditions created after the effective
date of this instrument shall not be indemnified by WAY ENERGY, INC.

<PAGE>

     This Agreement may be executed in multiple counterparts, each of which
shall be binding upon the signing part or parties thereto as fully as if all
parties had executed one instrument, and all such counterparts shall constitute
one and the same instrument. The signature pages of the parties as affixed to
the counterparts may be combined, treated, and given effect for all purposes,
including recordation, into one single instrument.

     Executed this 13th day of January, 2003.

                                   WAY ENERGY, INC.

                                   By:  /s/ Blair Couey
                                      ----------------------------------
                                      Blair Couey, President

                                   CSS LAKE JACKSON PROPERTY, L.P.

                                   By: CSS Lake Jackson Property, L.L.C.,
                                   General Partner of CSS Lake Jackson
                                   Property, L.P.

                                   By:  /s/ Nancy Cain
                                      ----------------------------------
                                      Nancy Cain, Manager

                                   By:  /s/ Skelly Strong
                                      ----------------------------------
                                      Skelly Strong, Manager

THE STATE OF TEXAS        )
                          )
COUNTY OF WHARTON         )

     This instrument was acknowledged before me on January 13, 2003, by Blair
Couey, President of WAY ENERGY, INC., a Delaware Corporation.

                                   /s/ Rebecca White
                                   -------------------------------------
                                   Notary Public, State of Texas

THE STATE OF ARIZONA      )
                          )
COUNTY OF MARICOPA        )

     This instrument was acknowledged before me on January 16, 2003, by Nancy
Cain, Manager of CSS Lake Jackson Property, L.L.C, a Delaware Limited Liability
Company and General Partner of CSS LAKE JACKSON PROPERTY, L.P., a Delaware
Limited Partnership.

                                    /s/ Daniel E. Vincent
                                    ------------------------------------
                                    Notary Public, State of Arizona

<PAGE>

THE STATE OF TEXAS        )
                          )
COUNTY OF WALKER          )

     This instrument was acknowledged before me on January 17, 2003, by Skelly
Strong, Manager of CSS Lake Jackson Property, L.L.C, a Delaware Limited
Liability Company and General Partner of CSS LAKE JACKSON PROPERTY, L.P., a
Delaware Limited Partnership.

                                    /s/ Jana C. Stutts
                                    ------------------------------------
                                    Notary Public, State of Texas

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