Document:

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                                                                   EXHIBIT: 10.7

                                                                  EXECUTION COPY

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                             REIMBURSEMENT AGREEMENT

                                  by and among

                             TIME WARNER CABLE INC.,

                              AOL TIME WARNER INC.,

                           WARNER COMMUNICATIONS INC.,

               AMERICAN TELEVISION AND COMMUNICATIONS CORPORATION

                                       and

                     TIME WARNER ENTERTAINMENT COMPANY, L.P.

                              Dated: March 31, 2003

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                                TABLE OF CONTENTS

<TABLE>
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                                                                               ----
<S>                                                                            <C>
1.       Definitions........................................................     1

2.       Option Reimbursement for AOLTW Options.............................     3
         2.1      Company Eligible Option Holders...........................     3
         2.2      TWE Eligible Option Holders...............................     4
         2.3      Assumption of AOLTW Obligations...........................     4
         2.4      Consistent Tax Treatment..................................     4
         2.5      Post-Contribution Option Grants...........................     5
         2.6      Post-IPO Option Grants....................................     5

3.       Reimbursement......................................................     5
         3.1      TWE Debt Guarantor Payments...............................     5
         3.2      Priority of Rights........................................     5
         3.3      Duty to TWE Debt Guarantors...............................     6
         3.4      Authorization of TWE Debt Guarantor Payment...............     6
         3.5      Certain Information.......................................     6
         3.6      Systems Maintenance.......................................     7
         3.7      Compliance with Article Ten of TWE Indenture..............     7

4.       Company Guarantee..................................................     7

5.       Employee and Benefit Reimbursement.................................     7
         5.1      Employee Services.........................................     7
         5.2      Benefit Plans.............................................     7
         5.3      Method of Reimbursement...................................     8
         5.4      Other.....................................................     8
         5.5      General...................................................     8

6.       Miscellaneous......................................................     8
         6.1      Notices...................................................     8
         6.2      Successors and Assigns....................................     9
         6.3      Amendment and Waiver......................................     9
         6.4      Survival..................................................     9
         6.5      TWE Debt Guarantor Rights and Remedies....................    10
         6.6      Counterparts; Effectiveness...............................    10
         6.7      Headings..................................................    10
         6.8      GOVERNING LAW.............................................    10
         6.9      Jurisdiction..............................................    10
         6.10     WAIVER OF JURY TRIAL......................................    10
         6.11     Severability..............................................    10
         6.12     Rules of Construction.....................................    11
         6.13     Entire Agreement; Third Party Beneficiaries...............    11
         6.14     Further Assurances........................................    11
</TABLE>

Exhibit A

                                       i

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                             REIMBURSEMENT AGREEMENT

                  REIMBURSEMENT AGREEMENT (this "Agreement"), dated March 31,
2003, by and among Time Warner Cable Inc., a Delaware corporation (formerly
named MOTH Holdings, Inc., the "Company"), AOL Time Warner Inc., a Delaware
corporation ("AOLTW"), Warner Communications Inc., a Delaware corporation
("WCI"), American Television and Communications Corporation, a Delaware
corporation ("ATC" and, together with WCI, the "TWE Debt Guarantors") and Time
Warner Entertainment Company, L.P., a Delaware limited partnership ("TWE").

                  WHEREAS, effective as of and in connection with the closing of
the transactions contemplated by the Restructuring Agreement, dated as of August
20, 2002 (as amended, the "Restructuring Agreement"), by and among AOLTW,
Comcast Corporation, a Pennsylvania corporation (formerly named AT&T Comcast
Corporation, "Comcast"), the Company and the other parties thereto, the parties
have agreed to enter into certain reimbursement arrangements as hereinafter
provided.

                  NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth herein and for good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties hereto agree as
follows:

                  1.       Definitions. As used in this Agreement, and unless
the context requires a different meaning, the following terms have the meanings
indicated:

                  "Affiliate" means, with respect to any Person, any other
Person directly or indirectly controlling, controlled by or under common control
with such Person; provided, that, for purposes of this definition, "control"
(including with correlative meanings, the terms "controlled by" and "under
common control with"), as used with respect to any Person, shall mean the
possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of such Person, whether through the
ownership of voting securities or other equity securities, by contract or
otherwise; provided, further, that for purposes of this Agreement the Company
and its Subsidiaries shall not be deemed to be Affiliates of AOLTW or any of its
Affiliates.

                  "Agreement" means this Agreement as the same may be amended,
supplemented or modified in accordance with the terms hereof.

                  "AOLTW" has the meaning set forth in the preamble of this
Agreement.

                  "ATC" has the meaning set forth in the preamble of this
Agreement.

                  "Board of Directors" means the Board of Directors of the
Company.

                  "Beneficiaries" has the meaning set forth in Section 3.1(a) of
this Agreement.

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                                                                               2

                  "Business Day" means a day other than a Saturday, Sunday or
other day on which commercial banks in New York City are authorized or required
by law to close.

                  "Capital Stock" means the Common Stock, par value $0.01 per
share, of AOLTW or any other class of capital stock of AOLTW (or any predecessor
or successor class thereof).

                  "Closing Price" means, with respect to any given date, the
last reported sale price of a share of Capital Stock (regular way) on such date
as shown on the NYSE Composite Transactions Tape, or, in case no such sale takes
place on such day, the average of the closing bid and asked prices of such stock
on such day on the NYSE, or, if such stock is not listed or admitted to trading
on the NYSE, on the principal national securities exchange on which such stock
is listed or admitted to trading, or, if it is not listed or admitted to trading
on any national securities exchange, the average of the closing bid and asked
prices of such stock on such day as reported by NASDAQ, or, if such stock is not
so reported, the average of the closing bid and asked prices of such stock on
such day as furnished by any member of the National Association of Securities
Dealers, Inc. selected from time to time by AOLTW for that purpose.

                  "Comcast" has the meaning set forth in the recitals to this
Agreement.

                  "Company" has the meaning set forth in the preamble to this
Agreement.

                  "Company Class A Stock" has the meaning set forth in Section
6.13(b) of this Agreement.

                  "Company Eligible Option Holder" means any officer or other
employee of the Company (or any of its Subsidiaries, other than TWE and its
Subsidiaries) including, without limitation, any Person who becomes an officer
or other employee of the Company (or any of its Subsidiaries, other than TWE and
its Subsidiaries) as a result of the transactions contemplated by the
Restructuring Agreement, who has been, or from time to time is, issued stock
options to purchase shares of Capital Stock.

                  "Company Option Reimbursement Amount" has the meaning set
forth in Section 2.1 of this Agreement.

                  "Initial Offering Date" means the date upon which the sale of
shares of Class A Common Stock, par value $0.01 per share, of the Company, or
Class B Common Stock, par value $0.01 per share, of the Company, sold in an
initial public offering (whether primary or secondary) of the Company pursuant
to an effective registration statement filed by the Company is closed.

                  "NASDAQ" means the National Association of Securities Dealers
Automated Quotation System.

                  "NYSE" means the New York Stock Exchange.

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                                                                               3

                  "Person" means any individual, corporation, limited liability
company, partnership, firm, group (as such term is used under Section 13(d)(3)
of the Securities Exchange Act of 1934, as amended), joint venture, association,
trust, unincorporated organization, estate, trust or other entity.

                  "Restructuring Agreement" has the meaning set forth in the
recitals to this Agreement.

                  "Subsidiary" means, with respect to any Person, any other
Person 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;
provided, that for purposes of this Agreement the Company and its Subsidiaries
shall not be deemed to be Subsidiaries of AOLTW or any of its Subsidiaries.

                  "TWE" has the meaning set forth in the preamble to this
Agreement.

                  "TWE Eligible Option Holder" means any officer or other
employee of TWE and its Subsidiaries, including, without limitation, any Person
who becomes an officer or other employee of TWE or any of its Subsidiaries as a
result of the transactions contemplated by the Restructuring Agreement, who has
been, or from time to time is, issued stock options to purchase shares of
Capital Stock.

                  "TWE Indenture" means that certain Indenture, dated as of
April 30, 1992, by and among Time Warner Inc., a Delaware Corporation, TWE and
The Bank of New York, a New York banking corporation, as trustee, as the same
may be amended, amended and restated, supplemented or otherwise modified from
time to time.

                  "TWE Option Reimbursement Amount" has the meaning set forth in
Section 2.2 of this Agreement.

                  "TWE Public Debt Guarantee" means the guarantee by the TWE
Debt Guarantors of TWE's obligations under the TWE Indenture.

                  "TWE Debt Guarantor Payment" has the meaning set forth in
Section 3.1 of this Agreement.

                  "TWE Debt Guarantors" has the meaning set forth in the
preamble to this Agreement.

                   "WCI" has the meaning set forth in the preamble to this
Agreement.

                  2.       Option Reimbursement for AOLTW Options.

                           2.1      Company Eligible Option Holders. Upon the
exercise by any Company Eligible Option Holder of any stock option to purchase
shares of Capital Stock, the Company shall promptly (after notice of such
exercise is provided by AOLTW to the Company) pay to AOLTW, for each share of
Capital Stock so purchased, an

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                                                                               4

amount (such amount, the "Company Option Reimbursement Amount") equal to the
excess of (i) the Closing Price of a share of such Capital Stock as of the date
of such exercise, over (ii) the aggregate exercise price paid by such Company
Eligible Option Holder for each such share of Capital Stock.

                           2.2      TWE Eligible Option Holders. Upon the
exercise by any TWE Eligible Option Holder of any stock option to purchase
shares of Capital Stock, TWE shall promptly (after notice of such exercise is
provided by AOLTW to the Company) pay to AOLTW, for each share of Capital Stock
so purchased, an amount (such amount, the "TWE Option Reimbursement Amount")
equal to the excess of (i) the Closing Price of a share of such Capital Stock as
of the date of such exercise, over (ii) the aggregate exercise price paid by
such TWE Eligible Option Holder for each such share of Capital Stock.

                           2.3      Assumption of AOLTW Obligations. In lieu of
the procedures described in Sections 2.1 and 2.2 above, if satisfactory
arrangements are reached with a Company Eligible Option Holder or a TWE Eligible
Option Holder, as applicable, at AOLTW's request, the Company or TWE, as
applicable, shall agree to assume AOLTW's obligations with respect to any
outstanding stock options held by such Company Eligible Option Holder or TWE
Eligible Option Holder, as applicable. In such event, upon exercise of any such
stock option by such Company Eligible Option Holder or TWE Eligible Option
Holder, as applicable, the Company or TWE, as applicable, shall (A) purchase the
shares of Capital Stock issuable upon exercise of such stock option from AOLTW
at a price (payable in cash) equal to the Closing Price of a share of such
Capital Stock on the date of exercise and (B) deliver such shares to the Company
Eligible Option Holder or TWE Eligible Option Holder, as applicable, against
payment to the Company or TWE by such Company Eligible Option Holder or TWE
Eligible Option Holder, as applicable, of the exercise price therefor.

                           2.4      Consistent Tax Treatment. AOLTW agrees and
acknowledges that the Company or TWE, as applicable, shall be entitled to claim
the benefit of any federal, state and local income tax deduction with respect to
the Company Option Reimbursement Amount and the TWE Option Reimbursement Amount
permitted to be deducted by the Company or TWE, as applicable, in accordance
with applicable law, and AOLTW shall not take any position inconsistent
therewith, unless required by a change in applicable law or a good faith
resolution of a contest. In the event AOLTW takes such an inconsistent position
as permitted by the preceding sentence, it shall pay to the Company or TWE, as
applicable, any tax benefit actually realized as a result of claiming the
benefit of any tax deductions with respect to the Company Option Reimbursement
Amount or the TWE Option Reimbursement Amount, as applicable; provided, however,
that subject to the foregoing, the determination of whether to claim any such
benefit, whether by filing an original or amended tax return or otherwise, shall
be made by AOLTW in its sole and absolute discretion. For purposes of the
foregoing, any such benefit shall be deemed "actually realized" by AOLTW only if
and to the extent that AOLTW shall have determined, in its sole reasonable
discretion, that its liability for

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                                                                               5

taxes is less than its liability for taxes would have been had it not taken into
account any such tax deductions.

                           2.5      Post-Contribution Option Grants. After the
date hereof and prior to the date of the Initial Offering Date, options to
purchase Capital Stock shall be granted to officers or employees of the Company
or any of its Subsidiaries and to officers or employees of TWE or any of its
Subsidiaries only in the ordinary course of business consistent with past
practices.

                           2.6      Post-IPO Option Grants. In no event shall
options to purchase Capital Stock be granted to officers or employees of the
Company or any of its Subsidiaries or to officers or employees of TWE or any of
its Subsidiaries after the Initial Offering Date.

                  3.       Reimbursement.

                           3.1      TWE Debt Guarantor Payments. In the event
that any TWE Debt Guarantor makes any payment under its TWE Public Debt
Guarantee or any other indebtedness of the Company or its Subsidiaries
guaranteed from time to time by the TWE Debt Guarantors (a "TWE Debt Guarantor
Payment"):

                                    (a)      Each of TWE and the Company (the
"Beneficiaries") agrees, jointly and severally, to reimburse such TWE Debt
Guarantor in full for all TWE Debt Guarantor Payments of such TWE Debt Guarantor
together with interest thereon from the date of payment until reimbursed in full
at a rate per annum equal to the interest rate on the indebtedness with respect
to which such TWE Debt Guarantor Payment was made and without regard to any
rights that such Beneficiary may have against any other guarantor of the
obligations under the TWE Indenture which might otherwise limit such
Beneficiary's liability to reimburse such TWE Debt Guarantor in full; and

                                    (b)      Each of the Beneficiaries hereby
acknowledges that such TWE Debt Guarantor shall be fully subrogated to the
extent of its TWE Debt Guarantor Payment to all of the rights and remedies
(including without limitation all security interests if any) of the holders
under the TWE Indenture against such Beneficiary.

                           3.2      Priority of Rights. Each of the
Beneficiaries hereby agrees that all of the rights of the TWE Debt Guarantors
referred to in this Agreement shall have priority over any right of such
Beneficiary, whether direct or indirect, by contribution, subrogation,
reimbursement, indemnification or otherwise, to demand any payment, contribution
or reimbursement whatsoever from the other Beneficiary until such time as any
and all TWE Debt Guarantor Payments have been repaid to the respective TWE Debt
Guarantors in full and the TWE Debt Guarantors have no further obligations under
their respective TWE Debt Guarantees, and until such time such Beneficiary shall
not be entitled to exercise any such rights against any other party to this
Agreement.

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                                                                               6

                           3.3      Duty to TWE Debt Guarantors. Except for
non-waivable, mandatory duties imposed by law, each of the Beneficiaries hereby
acknowledges and agrees that (i) neither of the TWE Debt Guarantors has any
duties to them with respect to the method, manner and timing of the exercise or
nonexercise of any of such TWE Debt Guarantor's rights to recover payment of any
TWE Debt Guarantor Payment of such TWE Debt Guarantor and (ii) to the extent
that any such duties may exist, they are hereby waived.

                           3.4      Authorization of TWE Debt Guarantor Payment.
In the event that a TWE Debt Guarantor makes any TWE Debt Guarantor Payment,
such TWE Debt Guarantor is hereby irrevocably authorized by each of the
Beneficiaries at any time and from time to time without notice to such
Beneficiary, any such notice being hereby waived by such Beneficiary, to set off
and appropriate and apply any and all deposits (general or special, time or
demand, provisional or final), in any currency, and any other credits,
indebtedness or claims, in any currency, in each case whether direct or
indirect, absolute or contingent, matured or unmatured, at any time held or
owing by such TWE Debt Guarantor, its Subsidiaries or its Affiliates to or for
the credit or the account of such Beneficiary, or any part thereof in such
amounts as such TWE Debt Guarantor may elect, on account of the liabilities of
such Beneficiary to such TWE Debt Guarantor in respect of such TWE Debt
Guarantor Payment hereunder or under the TWE Indenture, whether or not such TWE
Debt Guarantor has made any demand for payment. Such TWE Debt Guarantor shall
notify such Beneficiary promptly of any such set-off made by it and the
application made by it of the proceeds thereof; provided that the failure to
give such notice shall not affect the validity of such set-off and application.
The rights of each TWE Debt Guarantor under this Section 3 are in addition to
other rights and remedies (including, without limitation, other rights of
set-off) which such TWE Debt Guarantor may have against such Beneficiary.

                           3.5      Certain Information. Each of the
Beneficiaries, at its own cost and expense, shall provide, or cause to be
provided, to the TWE Debt Guarantors, as soon as reasonably practicable after
written request therefor, any information in the possession or under the control
of such Beneficiary that the requesting TWE Debt Guarantor reasonably requires
(i) to comply with reporting, disclosure, filing or other requirements imposed
on the requesting TWE Debt Guarantor (including under applicable securities or
tax laws) by a governmental authority having jurisdiction over the requesting
TWE Debt Guarantor, (ii) for use in any other judicial, regulatory,
administrative, tax or other proceeding or in order to satisfy audit,
accounting, claims, regulatory, litigation, tax or other similar requirements or
(iii) to comply with its obligations under this Agreement; provided, however,
that in the event that any party determines that any such provision of
information would reasonably be expected to violate any law or agreement or
waive any attorney-client privilege, the parties shall take all reasonable
measures to permit the compliance with such obligations in a manner that avoids
any such consequence. Each of the Beneficiaries intends that any transfer of
information that would otherwise be within the attorney-client privilege shall
not operate as a waiver of any potentially applicable privilege.

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                                                                               7

                           3.6      Systems Maintenance. After the date hereof,
each of the Beneficiaries shall maintain in effect adequate systems and controls
to the extent necessary to enable them to satisfy their respective reporting,
accounting, audit and other obligations.

                           3.7      Compliance with Article Ten of TWE
Indenture. Each of the Beneficiaries agrees to comply with the covenants
contained in Article Ten of the TWE Indenture as in effect on the date hereof.
The provisions of Article Ten of the TWE Indenture and the related definitions
are hereby incorporated by reference into this Agreement with the same effect as
if set forth fully herein.

                  4.       Company Guarantee. On or prior to the Initial
Offering Date, the Company shall enter into a guarantee agreement (in the form
attached hereto as Exhibit A or in any other form as the parties shall agree)
providing for a guarantee by the Company to the holders of debt securities
issued by TWE pursuant to the TWE Indenture. At the request of the Company on or
after the Closing, TWE (or any of its Subsidiaries) will execute a guarantee in
a similar form in respect of any indebtedness of the Company or its Subsidiaries
outstanding from time to time.

                  5.       Employee and Benefit Reimbursement.

                           5.1      Employee Services. Upon the agreement of
AOLTW and the Company, certain employees of AOLTW and/or its Affiliates may from
time to time provide services to the Company or its Subsidiaries. From and after
the date hereof, the Company or its Subsidiaries, as applicable, shall reimburse
AOLTW and/or any such Affiliates, in the manner set forth in Section 5.3 hereof,
for the costs of providing such services, including reasonable allocations of
compensation, employee benefit plan costs (including administration costs and
benefit accruals associated therewith), overhead, and other fixed costs and
expenses.

                           5.2      Benefit Plans. Except as otherwise
specifically provided in this Agreement with respect to options to purchase
shares of Capital Stock, to the extent that, on or after the date hereof, any
current, future or former employees of the Company or its Subsidiaries
participate in any benefit plans, programs, or arrangements maintained by AOLTW
or any of its Affiliates, the Company or its Subsidiaries, as applicable, shall
reimburse AOLTW or, if applicable, such Affiliate or Affiliates, in the manner
set forth in Section 5.3 hereof, for all costs, including administration costs
and benefit accruals, associated with such employees' participation in the
employee benefit plans, programs or arrangements with respect to employment by
the Company or its Subsidiaries in a manner that is consistent with past
practice; provided, however, that (i) except as set forth in Section 5.1, in the
event that any employee described above becomes employed by AOLTW or any of its
Affiliates after the Closing (as defined in the Restructuring Agreement), then
the Company and its Subsidiaries will not be required to reimburse AOLTW or any
of its Affiliates for any costs associated with such employee's participation in
employee benefit plans, programs or arrangements while employed by, or on
account of such employee's employment with, AOLTW or any of its Affiliates after
the Closing and (ii) in the event that any employee of AOLTW or any of its
Affiliates

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                                                                               8

becomes employed by the Company or any of its Subsidiaries after the Closing
then the Company and its Subsidiaries will not be required to reimburse AOLTW or
any of its Affiliates for any costs associated with such employee's
participation in employee benefit plans, programs or arrangements while such
employee was employed by, or on account of such employee's employment with,
AOLTW or any of its Affiliates.

                           5.3      Method of Reimbursement. Any reimbursement
pursuant to Section 5.1 or 5.2 shall be made by the Company or its Subsidiaries,
as applicable, in a manner consistent with prior practices of AOLTW and TWE with
respect to such reimbursement.

                           5.4      Other. The provisions of this Agreement will
be interpreted in a manner consistent with past practice, except as otherwise
expressly provided by this Agreement or in any other agreement or arrangement
between or among the parties contemplated by the Restructuring Agreement (or any
other Transaction Agreement (as defined therein)) or entered into after the date
hereof.

                           5.5      General. The provisions of this Section 5
shall at all times be subject to the requirements of Article VI of the By-laws
of the Company. No reimbursement will be made pursuant to this Section 5 if
reimbursement in respect of the same payment or service has been made pursuant
to another provision of this Agreement or any other agreement among the parties.

                  6.       Miscellaneous.

                           6.1      Notices. All notices, demands or other
communications provided for or permitted hereunder shall be made in writing and
shall be by registered or certified first class mail, return receipt requested,
telecopier, courier service or personal delivery:

                                    (a)      if to the Company or TWE:

                                             c/o Time Warner Cable Inc.
                                             75 Rockefeller Plaza
                                             New York, New York 10019-6908
                                             Telecopy:   (212) 258-3172
                                             Attention:  Executive Vice
                                                         President, General
                                                         Counsel and Secretary

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                                                                               9

                                    (b)      if to AOLTW, ATC or WCI:

                                             c/o AOL Time Warner Inc.
                                             75 Rockefeller Plaza
                                             New York, New York 10019-6908
                                             Telecopy:   (212) 258-3172
                                             Attention:  Executive Vice
                                                         President, General
                                                         Counsel and
                                                         Secretary

or such other address or facsimile number as such party hereto may hereafter
specify for such purpose by notice to the other parties hereto. All such
notices, requests and other communications shall be deemed received on the date
of receipt by the recipient thereof if received prior to 5 p.m. on a Business
Day, in the place of receipt. Otherwise, any such notice, request or
communication shall be deemed not to have been received until the next
succeeding Business Day in the place of receipt.

                           6.2      Successors and Assigns. The provisions of
this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns; provided that no party
hereto may assign, delegate or transfer any of its rights or obligations
hereunder without the consent of the other parties hereto.

                           6.3      Amendment and Waiver.

                                    (a)      Any amendment, supplement or
modification of or to any provision of this Agreement, any waiver of any
provision of this Agreement, and any consent to any departure by any party from
the terms of any provision of this Agreement, shall be effective only if it is
made or given in writing and signed by the Company and AOLTW; provided, that any
material amendment, supplement or modification of or to this Agreement shall
also require the approval of a majority of the Independent Directors (as defined
in the Restated Certificate of Incorporation of the Company). Any such
amendment, supplement, modification, waiver or consent shall be binding upon the
Company, AOLTW and the other parties hereto.

                                    (b)      No failure or delay on the part of
any party hereto in exercising any right, power or remedy hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise thereof
preclude any other or further exercise thereof or the exercise of any other
right, power or remedy. The rights and remedies provided for herein are
cumulative and are not exclusive of any rights and remedies that may be
available to the parties hereto at law, in equity or otherwise.

                           6.4      Survival. The rights of each party under
this Agreement shall continue to be effective, or be reinstated, as the case may
be, if any payment made hereunder, or any part thereof, on account of any of the
reimbursement obligations hereunder is at any time rescinded or at any time must
otherwise be restored or returned by such party upon the insolvency, bankruptcy,
dissolution, liquidation or reorganization of any other party, or upon or as a
result of the appointment of a receiver, intervenor or

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                                                                              10

conservator of, or trustee or similar officer for, such party or any substantial
part of their property, or otherwise, all as though such payments had not been
made.

                           6.5      TWE Debt Guarantor Rights and Remedies.
Notwithstanding anything in this Agreement to the contrary, the rights accorded
to each TWE Debt Guarantor hereunder shall be in addition to, and not in lieu
of, any rights that such TWE Debt Guarantor may have to be reimbursed for all
TWE Debt Guarantor Payments of such TWE Debt Guarantor at common law, in equity,
by separate agreement or otherwise.

                           6.6      Counterparts; Effectiveness. This Agreement
may be executed in any number of counterparts and by the parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same
agreement. This Agreement shall become effective when each party hereto shall
have received a counterpart hereof signed by the other parties hereto.

                           6.7      Headings. The headings in this Agreement are
for convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

                           6.8      GOVERNING LAW. THIS AGREEMENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW THEREOF.

                           6.9      Jurisdiction. Any suit, action or proceeding
seeking to enforce any provision of, or based on any matter arising out of or in
connection with, this Agreement or the transactions contemplated hereby shall be
brought exclusively in any federal or state court located in the State and City
of New York, and each of the parties hereby consents to the jurisdiction of such
courts (and of the appropriate appellate courts therefrom) in any such suit,
action or proceeding and irrevocably waives, to the fullest extent permitted by
law, any objection that it may now or hereafter have to the laying of the venue
of any such suit, action or proceeding in any such court or that any such suit,
action or proceeding brought in any such court has been brought in an
inconvenient forum. Process in any such suit, action or proceeding may be served
on any party anywhere in the world, whether within or without the jurisdiction
of any such court.

                           6.10     WAIVER OF JURY TRIAL. EACH OF THE PARTIES
HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

                           6.11     Severability. If any term, provision,
covenant or restriction of this Agreement is determined by a court of competent
jurisdiction or other authority to be invalid, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions of this Agreement
shall remain in full force and effect and shall in no way be affected, impaired
or invalidated so long as the economic or legal substance of the

<PAGE>

                                                                              11

transactions contemplated hereby is not affected in any manner adverse to any
party hereto. Upon such a determination, the parties hereto shall negotiate in
good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in an acceptable manner so that the transactions
contemplated hereby may be consummated as originally contemplated to the fullest
extent possible.

                           6.12     Rules of Construction. Unless the context
otherwise requires, references to sections or subsections refer to sections or
subsections of this Agreement.

                           6.13     Entire Agreement; Third Party Beneficiaries.

                                    (a)      This Agreement (together with all
exhibits hereto) constitutes the entire agreement between the parties with
respect to the subject matter hereof and supersedes all prior agreements and
understandings, both oral and written, among the parties with respect to such
subject matter.

                                    (b)      Except as provided below, this
Agreement shall be binding upon and inure solely to the benefit of each party
hereto and their respective successors and permitted assigns, and nothing in
this Agreement, express or implied, is intended to or shall confer upon any
other Person any right, benefit or remedy of any nature whatsoever under or by
reason of this Agreement. Notwithstanding the foregoing, TWE Holdings II Trust,
a Delaware statutory trust, shall be deemed a third party beneficiary of
Sections 2.5 and 2.6 hereof for so long as Comcast, directly or indirectly,
holds a number of shares of Class A Common Stock, par value $0.01 per share, of
the Company (the "Company Class A Stock") at least equal to five percent (5%) of
the aggregate number of outstanding shares of Company Class A Stock and Class B
Common Stock, par value $0.01 per share, of the Company. For purposes of this
Section 6.13(b), Comcast will be deemed to hold any Company Class A Stock owned
by a statutory trust all of the beneficial interests in which are owned,
directly or indirectly, by Comcast.

                           6.14     Further Assurances. Each of the parties
shall, and shall cause their respective Affiliates to, execute such documents
and perform such further acts as may be reasonably required or desirable to
carry out or to perform the provisions of this Agreement.

                  [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

<PAGE>

                                                                              12

                  IN WITNESS WHEREOF, the undersigned have executed, or have
caused to be executed, this Reimbursement Agreement on the date first written
above.

                                    TIME WARNER CABLE INC.

                                    By:       /s/ Marc J. Apfelbaum
                                       -----------------------------------------
                                       Name:  Marc J. Apfelbaum
                                       Title: Executive Vice President,
                                       General Counsel & Secretary

                                    AOL TIME WARNER INC.

                                    By:       /s/ Spencer B. Hays
                                       -----------------------------------------
                                       Name:  Spencer B. Hays
                                       Title: Senior Vice President

                                    WARNER COMMUNICATIONS INC.

                                    By:       /s/ Spencer B. Hays
                                       -----------------------------------------
                                       Name:  Spencer B. Hays
                                       Title: Senior Vice President

                                    AMERICAN TELEVISION AND COMMUNICATIONS
                                    CORPORATION

                                    By:       /s/ Spencer B. Hays
                                       -----------------------------------------
                                       Name:  Spencer B. Hays
                                       Title: Senior Vice President

                                    TIME WARNER ENTERTAINMENT COMPANY, L.P.

                                    By:   WARNER COMMUNICATIONS INC.,
                                               as General Partner

                                    By:       /s/ Spencer B. Hays
                                       -----------------------------------------
                                       Name:  Spencer B. Hays
                                       Title: Senior Vice President

<PAGE>

                                                                       EXHIBIT A

                    TIME WARNER ENTERTAINMENT COMPANY, L.P.,

                                       AND

                             TIME WARNER CABLE INC.

                                       TO

                              THE BANK OF NEW YORK,

                                     TRUSTEE

                          EIGHTH SUPPLEMENTAL INDENTURE

                          DATED AS OF [_______________]

<PAGE>

                  EIGHTH SUPPLEMENTAL INDENTURE dated as of [_____], 200[_], by
and among TIME WARNER ENTERTAINMENT COMPANY, L.P., a Delaware limited
partnership ("TWE"), TIME WARNER CABLE INC., a corporation duly organized and
existing under the laws of the State of Delaware ("TW Cable "), and THE BANK OF
NEW YORK, a banking corporation duly organized and existing under the laws of
New York, Trustee (the "Trustee").

                                    RECITALS

                  Time Warner, Inc. ("TWI"), TWE, the Trustee and certain other
parties have executed and delivered an Indenture dated as of April 30, 1992, as
amended by a First Supplemental Indenture dated as of June 30, 1992, a Second
Supplemental Indenture dated as of December 9, 1992, a Third Supplemental
Indenture dated as of October 12, 1993, a Fourth Supplemental Indenture dated as
of March 29, 1994, a Fifth Supplemental Indenture dated as of December 28, 1994,
a Sixth Supplemental Indenture dated as of September 29, 1997 and a Seventh
Supplemental Indenture dated as of December 29, 1997 (the "Indenture"),
providing for, among other things, the issuance from time to time of unsecured
debentures, notes or other evidences of indebtedness (the "Securities"), to be
issued in one or more series as provided in the Indenture.

                  TWE and TW Cable have duly authorized the execution and
delivery of this Eighth Supplemental Indenture to provide for, among other
things, (i) the guarantee of TWE's obligations under the Securities by TW Cable
(the "TW Cable Guaranty") and (ii) the addition of TW Cable as a party to the
Indenture, subject in each case to the terms and conditions described herein.

                  This Eighth Supplemental Indenture is being executed pursuant
to and in accordance with Section 901 of the Indenture.

                  All things necessary to make this Eighth Supplemental
Indenture a valid and binding agreement of TWE and TW Cable have been done.

                  NOW, THEREFORE, WITNESSETH:

                  For and in consideration of the promises and other good and
valuable consideration, the sufficiency and receipt of which are hereby
acknowledged, it is mutually agreed, for the equal proportionate benefit of all
Holders of the Securities, as follows:

                                   ARTICLE ONE

                       INCORPORATION OF PREVIOUS DOCUMENTS

                  SECTION 101.      INCORPORATION OF PREVIOUS DOCUMENTS.

                  This Eighth Supplemental Indenture is a supplemental indenture
within the meaning of the Indenture and shall be read together and shall have
the same effect as

<PAGE>

                                                                               2

though all the provisions thereof and hereof were contained in one instrument.
Unless otherwise expressly provided, the provisions of the Indenture are
incorporated herein by reference.

                  SECTION 102.      DEFINITIONS.

                  Unless otherwise provided herein, the terms used herein shall
have the meanings ascribed to such terms in the Indenture.

                  SECTION 103.      GOVERNING LAW.

                  This Eighth Supplemental Indenture, the Indenture and the
Securities shall be governed by and construed in accordance with the laws of the
State of New York.

                                   ARTICLE TWO

                                    GUARANTY

                  SECTION 201.      TW CABLE GUARANTY.

                  For value received, TW Cable, and each of its successors and
assigns, hereby fully and unconditionally guarantees to each Holder of the
Securities upon which this TW Cable Guaranty is referred to, and to the Trustee
on behalf of each such Holder, the due and punctual payment of all principal of
(and premium, if any, on) and interest on such Security, when and as the same
shall become due and payable, whether at Stated Maturity upon redemption or
repayment, upon declaration of acceleration or otherwise, according to the terms
of the Securities and of the Indenture. In case of the failure of TWE or any
successor thereto punctually to pay any such principal, premium or interest, TW
Cable hereby agrees to immediately cause any such payment to be made punctually
when and as the same shall become due and payable, whether at Stated Maturity,
upon redemption or repayment, upon declaration of acceleration or otherwise, as
if such payment were made by TWE.

                  TW Cable hereby agrees that as long as this Section 201 is in
effect with respect to TW Cable pursuant to the Indenture, its obligations
hereunder shall be unconditional and absolute, irrespective of the validity,
regularity or enforceability of any such Security or the Indenture, the absence
of any action to enforce the same, the granting of any waiver or consent by the
Holder of any such Security with respect to any provisions thereof, the recovery
of any judgment against TWE or any action to enforce the same, or any other
circumstances which might otherwise constitute a legal or equitable discharge or
defense of a guarantor. TW Cable hereby waives diligence, presentment, demand of
payment, filing of claims with a court in the event of insolvency or bankruptcy
of TWE, any right to require a proceeding be brought first against TWE, protest,
notice and all demands whatsoever, and covenants that as long as this Section
201 is in effect with respect to TW Cable pursuant to the Indenture, this TW
Cable Guaranty will not be discharged except by complete payment of the payment
and other obligations contained in any such Security or in this Section 201.

<PAGE>

                                                                               3

                  TW Cable acknowledges and agrees for the benefit of the
Trustee and such Holders that the Trustee and such Holders (in the case of an
Event of Default under Section 501(1) or (2) of the Indenture) may directly and
simultaneously proceed against TW Cable for the enforcement of this TW Cable
Guaranty and against TWE (as Obligor). The obligations of TW Cable hereunder are
independent of the obligations of TWE under the Securities and the Indenture,
and a separate action or actions may be brought and prosecuted against TW Cable
hereunder whether or not (i) an action or proceeding is brought against TWE or
any other guarantor, (ii) TWE or TW Cable is joined in any such action or
proceeding against such other guarantor and (iii) the Trustee or such Holders
have taken any action to collect or attempt to otherwise collect such
obligations from TWE or any other Person liable therefor.

                  Anything in this Section 201 to the contrary notwithstanding,
the TW Cable Guaranty is and shall be deemed to be a Guarantee of payment, and
not a Guarantee of collection.

                  If the Trustee or the Holder of any such Security is required
by any court or otherwise to return to TWE or any custodian, receiver,
liquidator, trustee, sequestrator or other similar official acting in relation
to TWE, any amount paid to the Trustee or such Holder in respect of such
Security, this TW Cable Guaranty, to the extent theretofore discharged, shall be
reinstated in full force and effect. TW Cable further agrees, to the fullest
extent that it may lawfully do so, that, as between TW Cable, on the one hand,
and such Holders and the Trustee, on the other hand, the maturity of the
obligations guaranteed hereby may be accelerated as provided in Article Five of
the Indenture for the purposes of this TW Cable Guaranty, notwithstanding any
stay, injunction or other prohibition extent under any applicable bankruptcy law
preventing such acceleration in respect of the obligations guaranteed hereby.

                  TW Cable hereby irrevocably subordinates to the prior payment
in full of all Securities guaranteed by TW Cable hereunder, any claim or other
rights which it may now or hereafter acquire against TWE that arises from the
existence, payment, performance or enforcement of TW Cable's obligations under
this TW Cable Guaranty, including, without limitation, any right of subrogation,
reimbursement, exoneration, contribution, indemnification, any right to
participate in any claim or remedy of any Holder of any such Security or the
Trustee on behalf of such Holder against TWE or any collateral which any such
Holder or the Trustee on behalf of such Holder hereafter acquires, whether or
not such claim, remedy or right arises in equity, or under contract, statute or
common law, including, without limitation, the right to take or receive from
TWE, directly or indirectly, in cash or other property or by set-off or in any
other manner, payment or security on account of such claim or other rights. If
any amount shall be paid to TW Cable in violation of the preceding sentence at
any time prior to the payment in full of all obligations and all other amounts
payable hereunder, such amount shall be deemed to have been paid to TW Cable for
the benefit of, and held in trust for the benefit of, any Holder of such
Security and the Trustee on behalf of such Holder, and shall forthwith be paid
to the Trustee for the benefit of such Holder to be credited and applied upon
such guaranteed obligations, whether matured or unmatured, in accordance

<PAGE>

                                                                               4

with the terms of the Indenture. TW Cable acknowledges that the subordination
set forth in this Section 201 is knowingly made.

                  This TW Cable Guaranty shall become effective upon execution
and delivery of this Eighth Supplemental Indenture by each of the parties
hereto.

                  No reference herein to the Indenture and no provision of this
Section 201 or of the Indenture shall alter or impair the Guarantee of TW Cable,
which is absolute and unconditional, of the due and punctual payment of the
principal of (and premium, if any) and interest on the Securities upon which
this TW Cable Guaranty is referred to.

                                  ARTICLE THREE

                  ADDITION OF TW CABLE AS A PARTY TO INDENTURE

                  By execution of this Eighth Supplemental Indenture, TW Cable
agrees that it shall be party to, and shall be subject to, bound by and entitled
to the benefits of, the Indenture as supplemented by this Eighth Supplemental
Indenture.

                  This instrument may be executed in any number of counterparts,
each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one of the same instrument.

              [THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK.]

<PAGE>

                                                                               5

                  IN WITNESS WHEREOF, the parties hereto have caused this Eighth
Supplemental Indenture to be duly executed by their respective officers or
agents, all as of the day and year first above written.

                                    TIME WARNER ENTERTAINMENT
                                    COMPANY, L.P.

                                    By: _____________________________
                                        Name:
                                        Title:

                                    TIME WARNER CABLE INC.

                                    By: _____________________________
                                        Name:
                                        Title:

                                    THE BANK OF NEW YORK, Trustee

                                    By: _____________________________
                                        Name:
                                        Title:

<PAGE>

                                                                               6

STATE OF NEW YORK  )
                   :
COUNTY OF NEW YORK )

                  On the ____ day of ________, before me personally came
____________, to me known, who, being by me duly sworn, did depose and say that
he is a ____________ of TIME WARNER ENTERTAINMENT COMPANY, L.P., the Delaware
limited partnership described in and which executed the foregoing instrument;
that he knows the seal of said limited partnership; that the seal affixed to
said instrument is such seal; that it was so affixed by authority of the Board
of Representatives or the Managing General Partners of said limited partnership,
and that he signed his name thereto by like authority.

                                             ___________________________________

                                                      ________________
                                             Notary Public, State of New York
                                                    No. ____________
                                             Qualified in New York County
                                             Commission Expires ________

STATE OF NEW YORK  )
                   :
COUNTY OF NEW YORK )

                  On the __ day of ________, before me personally came
___________, to me known, who, being by me duly sworn, did depose and say that
he is a __________ of TIME WARNER CABLE INC., one of the corporations described
in and which executed the foregoing instrument; that he knows the seal of said
corporation; that the seal affixed to said instrument is such corporate seal;
that it was so affixed by authority of the Board of Directors of said
corporation, and that he signed his name thereto by like authority.

                                             ___________________________________

                                                      ________________
                                             Notary Public, State of New York
                                                    No. ____________
                                             Qualified in New York County
                                             Commission Expires ________

<PAGE>

                                                                               7

STATE OF NEW YORK  )
                   :
COUNTY OF NEW YORK )

                  On the ____ day of ________, before me personally came
____________, to me known, who, being by me duly sworn, did depose and say that
he is a ____________ of THE BANK OF NEW YORK, one of the corporations described
in and which executed the foregoing instrument; that he knows the seal of said
limited partnership; that the seal affixed to said instrument is such seal; that
it was so affixed by authority of the Board of Representatives or the Managing
General Partners of said limited partnership, and that he signed his name
thereto by like authority.

                                             ___________________________________

                                                      ________________

                                             Notary Public, State of New York
                                                    No. ____________
                                             Qualified in New York County
                                             Commission Expires ________<PAGE>
                                                                   EXHIBIT: 10.8

                             BRAND LICENSE AGREEMENT

                                     BETWEEN

                         WARNER BROS. ENTERTAINMENT INC.

                                       AND

                             TIME WARNER CABLE INC.

                                   DATED AS OF

                                 MARCH 31, 2003

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                        Page
                                                                                                        ----
<S>                                                                                                     <C>
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      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...........................................................       12
         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.........................................................       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
</TABLE>

                                       i

<PAGE>

<TABLE>
<CAPTION>
                                                                                                        Page
                                                                                                        ----
<S>                                                                                                     <C>
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.       REPRESENTATIONS; LIABILITY AND INDEMNIFICATION...........................................       22
         9.1      Representations and Warranties..................................................       22
         9.2      Indemnification.................................................................       22
         9.3      Notification and Defense of Claims..............................................       22
         9.4      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
</TABLE>

                                       ii

<PAGE>

<TABLE>
<CAPTION>
                                                                                                        Page
                                                                                                        ----
<S>                                                                                                     <C>
         18.9     No Third Party Beneficiaries....................................................       29
         18.10    Counterparts....................................................................       29
</TABLE>

                                      iii

<PAGE>

                             BRAND LICENSE AGREEMENT

                  BRAND LICENSE AGREEMENT (the "Agreement") dated as of March
31, 2003 and effective as of the Closing, by and between Warner Bros.
Entertainment 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

<PAGE>

                           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

                                       2

<PAGE>

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. Section. 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.

                                       3

<PAGE>

                  "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

                                       4

<PAGE>

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

                                       5

<PAGE>

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:

                                       6

<PAGE>

         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
Servcices (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.;

                                       7

<PAGE>

                  (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,

                                       8

<PAGE>

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

                                       9

<PAGE>

avoidance of doubt, no Authorized Dealer may use any Licensed Marks or the
Licensed 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

                                       10

<PAGE>

                           within sixty (60) days of receipt of written notice
                           of such breach; or

                  (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.

                                       11

<PAGE>

         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 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

                                       12

<PAGE>

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 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

                                       13

<PAGE>

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

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

                                       14

<PAGE>

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 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

                                       15

<PAGE>

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 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

                                       16

<PAGE>

                           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 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

                                       17

<PAGE>

                           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 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

                                       18

<PAGE>

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 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.

                                       19

<PAGE>

                  (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 "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,

                                       20

<PAGE>

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 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

                   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

                                       25

<PAGE>

                           extent of such license) whether within or without the
                           Licensed Territory.

12.      SPONSORSHIP

                  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

                  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

                  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

                                       26

<PAGE>

                  If to Licensor:

                                 Warner Bros. Entertainment Inc.
                                 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

                  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

                  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

                  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 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)

                                       27

<PAGE>

(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 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.

                                       28

<PAGE>

         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.

                  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.

                                       29

<PAGE>

                                         WARNER BROS. ENTERTAINMENT INC.

                                         By:        /s/ Spencer B. Hays
                                             -----------------------------------
                                             Name:  Spencer B. Hays
                                             Title: Senior Vice President

                                         TIME WARNER CABLE INC.

                                         By:       /s/ Marc J. Apfelbaum
                                             ----------------------------------
                                             Name:  Marc J. Apfelbaum
                                             Title:   Executive Vice President,
                                             General Counsel & Secretary

                                       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

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