Document:

EX-10.2

 Exhibit 10.2 

EXCHANGE AGREEMENT 
 EXCHANGE AGREEMENT
(as amended from time to time in accordance with its terms, this “Agreement”), dated as of May 18, 2016 and effective as of the Effective Date (as herein defined) among Charter Communications, Inc., a Delaware corporation (formerly
known as CCH I, LLC) (“New Charter”), CCH II, LLC, a Delaware limited liability company (together with any Person or Persons in the Charter Group (as defined below) to whom CCH II, LLC transfers any Units (as defined below) or who
otherwise holds any Units, the “Charter Member”), Charter Communications Holdings, LLC, a Delaware limited liability company (“Charter Holdings”), Advance/Newhouse Partnership, a New York partnership
(“A/N”), and such other permitted holders of Class B Common Units (as defined herein) from time to time party hereto. 
 WHEREAS, the
parties hereto desire to establish economic equivalency between Common Units (as defined herein) and Class A Common Stock (as defined herein); and 

WHEREAS, the parties hereto desire to provide for the exchange from time to time of Class B Common Units for cash or for shares of Class A Common Stock on the
terms and subject to the conditions set forth herein; 
 NOW, THEREFORE, in consideration of the mutual covenants and undertakings contained herein and for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

SECTION 1.1 Definitions. The following definitions shall for all purposes, unless the context otherwise clearly indicates, apply
to the capitalized terms used in this Agreement. 
 “Affiliate” means, with respect to any Person, any other Person, directly or
indirectly, through one or more intermediaries, controlling, controlled by, or under common control with, such Person; it being understood that “control” or any correlative version thereof in this Agreement shall have the meaning ascribed
thereto in Rule 12b-2 under the Exchange Act. Notwithstanding anything to the contrary set forth in this Agreement, New Charter and its Subsidiaries shall not be deemed to be Affiliates of A/N or any of its Affiliates. 

“Agreement” has the meaning set forth in the preamble hereto. 

“A/N” has the meaning set forth in the preamble hereto. 

“A/N Party” has the meaning set forth in the LLC Agreement. 

“Board of Directors” means the Board of Directors of New Charter. 

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

 “Calendar Quarter” means each January 1 through March 31, April 1 through June 30,
July 1 through September 30 and October 1 through December 31. 
 “Cash Exchange Payment” means an amount in cash equal to
the product of (x) the number of Class B Common Units Exchanged and (y) the VWAP of the Class A Common Stock for the two consecutive Trading Days ending on and including the Trading Day immediately prior to the date of delivery of the relevant
Exchange Notice or Notice of Foreclosure; provided that in calculating such average, (i) the Closing Price for any Trading Day during the two Trading Day period prior to the Ex-Dividend Date of any extraordinary distributions made on the
Class A Common Stock during the two Trading Day period shall be reduced by the value of such distribution per share of Class A Common Stock, and (ii) the Closing Price for any Trading Day during the two Trading Day period prior to the date of a
Subdivision or Combination of Class A Common Stock occurring during the two Trading Day period shall automatically be adjusted in inverse proportion to such Subdivision or Combination; and provided, further, that in connection with any
Exchange (other than pursuant to Section 2.1(b)) in connection with, and immediately prior to, a Change of Control, the Cash Exchange Payment shall be the fair market value, as determined by the Board of Directors in good faith, of the per
share consideration to be received by the holders of the Class A Common Stock in connection with the Change of Control. 
 “Change of
Control” means any (i) merger, consolidation or other business combination of New Charter or Charter Holdings (or any of their respective Subsidiaries that alone or together represent all or substantially all of New Charter’s or
Charter Holdings’ consolidated business at that time) or any successor or other entity owning or holding substantially all of the assets of New Charter or Charter Holdings and their respective Subsidiaries that results in the holders of Class A
Common Stock (in the case of New Charter) or the holders of Common Units (in the case of Charter Holdings) immediately before the consummation of such transaction, or a series of related transactions, holding, directly or indirectly, less than 50%
of the equity or voting power of New Charter or Charter Holdings (or any such Subsidiary or Subsidiaries) or any successor or other entity owning or holding substantially all of the assets of New Charter or Charter Holdings and their respective
Subsidiaries or the surviving entity thereof, as applicable, immediately following the consummation of such transaction or series of related transactions; it being understood that such ownership shall be evaluated on a combined basis
(i.e., on an as-converted, as-exchanged basis and without regard to any voting power or ownership limitation on A/N, Liberty Broadband or their respective Affiliates) so that any ownership interest in the Charter Member shall be aggregated (without
duplication) with any ownership interest in Charter Holdings or any such Subsidiary of New Charter, any other member of the Charter Group or any such successor; (ii) transfer, in one or a series of related transactions, equity interests representing
50% or more of the equity or voting power of Charter Holdings or New Charter (or any of their respective Subsidiaries that alone or together represent all or substantially all of New Charter’s or Charter Holdings’ consolidated assets
at that time) or any successor or other entity owning or holding substantially all of the consolidated assets of New Charter and Charter Holdings and their respective Subsidiaries, taken as a whole, to a Person or Group (other than New Charter or
any of its Subsidiaries), or entitling such Person or Group to elect a majority of the board of directors or similar governing body of New Charter or Charter 

  
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Holdings (or such Subsidiary or Subsidiaries) or any such successor or other entity; it being understood that such ownership shall be evaluated on a combined basis (i.e., on
an as-converted, as-exchanged basis and without regard to any voting power or ownership limitation on A/N, Liberty Broadband or their respective Affiliates) so that any ownership interest in the Charter Member shall be aggregated (without
duplication) with any ownership interest in Charter Holdings or any such Subsidiary of New Charter or any such successor; or (iii) sale or other disposition in one or a series of related transactions of all or substantially all of the consolidated
assets of New Charter or Charter Holdings and their respective Subsidiaries. Notwithstanding anything to the contrary contained herein, for purposes of determining whether a Change of Control has occurred, it shall be assumed that all Class B
Common Units have been exchanged for shares of Class A Common Stock (or equity interests of any successor or other entity owning or holding substantially all of the assets of New Charter and its Subsidiaries) immediately prior to any such merger,
consolidation, other business combination or transfer and there is no limitation on the voting power or ownership limitation on A/N and its Affiliates or on Liberty Broadband or its Affiliates. 

“Charter Group” has the meaning set forth in the LLC Agreement. 

“Charter Holdings” has the meaning set forth in the preamble hereto, and shall include any successor thereto. 

“Class A Common Stock” means the Class A Common Stock, par value $0.001 per share, of New Charter. 

“Class A Common Unit” means (i) a Class A Common Unit of Charter Holdings, or (ii) the common stock or other equity securities of a successor
corporation or entity for which a Class A Common Unit has been converted or exchanged. 
 “Class B Common Stock” means the Class B Common
Stock, par value $0.001, of New Charter. 
 “Class B Common Unit” means (i) a Class B Common Unit of Charter Holdings, or (ii) the common
stock or other equity securities of a successor corporation or entity for which a Class B Common Unit has been converted or exchanged. 
 “Class B
Unitholder” means each holder of one or more Class B Common Units party hereto as of the date hereof or which, following the date hereof, executes a joinder pursuant to Section 4.1 hereof. 

“Closing Price” means, with respect to any Trading Day, the price per share of the final trade of the Class A Common Stock on such day
(but not including any “after hours” trading) on the principal national securities exchange on which the Class A Common Stock is listed or admitted to trading. 

“Code” means the Internal Revenue Code of 1986, as amended. 

  
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 “Combination” means any combination of stock or units, as the case may be, by reverse split,
reclassification, recapitalization or otherwise. 
 “Common Units” means the Class A Common Units and the Class B Common Units. 

“Commission” means the U.S. Securities and Exchange Commission and any successor thereto. 

“Convertible Preferred Unit” means a Convertible Preferred Unit of Charter Holdings. 

“Convertible Preferred Unitholder” means each holder of one or more Convertible Preferred Units party hereto as of the date hereof or which,
following the date hereof, executes a joinder pursuant to Section 4.1 hereof. 
 “Date of Exchange” means (a) in the case of an
exchange pursuant to an Exchange Notice, the later of (i) the date identified in such Exchange Notice or (ii) two (2) Business Days following the date of delivery of an Election Notice (or two (2) Business Days following the date on which the
Manager shall have been deemed not to have made an election for Class A Common Stock to be provided in the applicable Exchange) and (b) in the case of an exchange pursuant to Section 3.5 of the LLC Agreement, five (5) Business Days following the
date of the applicable Notice of Foreclosure if received by the Company. 
 “Effective Date” means the date hereof, following the
effectiveness of the LLC Agreement and the New Charter Certificate and the admission of A/N to Charter Holdings as a Member. 
 “Election
Notice” has the meaning set forth in Section 2.1(c). 
 “Exchange” means the surrender or exchange of Class B Common Units
for cash or, at the option of the Manager, shares of Class A Common Stock. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended, and the rules and regulations thereunder, as amended, or any successor federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect from time to time. 

“Exchange Notice” means a written election of Exchange substantially in the form of Exhibit A, duly executed by the applicable Class B
Unitholder. 
 “Ex-Dividend Date” means the first date on which the shares of Class A Common Stock trade on the applicable exchange or in
the applicable market regular way, without the right to receive the dividend or distribution in question from New Charter, or, if applicable, from the seller of the Class A Common Stock on such exchange or market as determined by such exchange or
market. 
 “Government Entity” means any federal, state, local or foreign government, governmental subdivision, administrative body or
other governmental or quasi-governmental agency, tribunal, court or other entity of competent jurisdiction. 

  
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 “Group” means “group” within the meaning of Rule 13d-3 under the Exchange Act. 

“Law” means any applicable law, statute, ordinance, rule, regulation, code, Order, judgment, injunction or decree enacted, issued,
promulgated, enforced or entered by a Government Entity or Self-Regulatory Organization (including, for the sake of clarity, any policy statement or interpretation that has the force of law with respect to any of the foregoing, and including common
law). 
 “LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of Charter Holdings, by and among New Charter,
CCH II, LLC, A/N and Charter Holdings, dated as of the date hereof, as such agreement may be amended from time to time in accordance with its terms. 

“Manager” has the meaning set forth in the LLC Agreement. 

“NASDAQ” means the NASDAQ Global Select Market or any successor thereto. 

“New Charter” has the meaning set forth in the preamble hereto, and shall include any successor thereto. 

“New Charter Certificate” means the Amended and Restated Certificate of Incorporation of New Charter, as the same may be amended from time to
time in accordance with its terms. 
 “Notice of Foreclosure” has the meaning set forth in the LLC Agreement. 

“Order” means any order, injunction, judgment, decree, writ or other enforcement action. 

“Permitted Exchange Event” means one of the following events, as of the applicable Date of Exchange: 

(A) the Exchange by a Class B Unitholder representing in the aggregate 2% or less of all outstanding Common Units,
provided that no Date of Exchange pursuant to this clause (A) has previously occurred (or will occur pursuant to a prior, unrevoked Exchange Notice pursuant to this clause (A)) in the same Calendar Quarter as such Date of Exchange; 

(B) the Exchange by a Class B Unitholder representing in the aggregate more than 2% of all outstanding Common Units; or 

(C) the Exchange by a Class B Unitholder in connection with a Change of Control to the extent Common Units are not exchanged
under Section 2.1(b). 
 “Permitted Transferee” has the meaning set forth in Section 4.1. 

“Person” means an individual, a corporation, a partnership, an association, a limited liability company, a joint venture, a Government
Entity, a trust or other entity or organization. 

  
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 “Preferred Stock” means one or more series of Preferred Stock, par value $0.001 per share,
issued from time to time by New Charter. 
 “Registration Rights Agreement” means the Registration Rights Agreement, dated as of the date
hereof, by and among New Charter, A/N, Liberty Broadband and the other parties from time to time party thereto, as such agreement may be amended from time to time in accordance with its terms. 

“SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Self-Regulatory Organization” means NASDAQ, the New York Stock Exchange, any national securities exchange (as defined in the Exchange Act),
any other securities exchange, futures exchange, contract market or other exchange or similar regulatory body or organization. 
 “Specified
Documents” means this Agreement, the LLC Agreement, the Stockholders Agreement, the Registration Rights Agreement, the Tax Receivables Agreement and the New Charter Certificate. 

“Stockholders Agreement” means the Second Amended and Restated Stockholders Agreement, dated as of May 23, 2015, by and among New Charter,
Old Charter (as defined in the LLC Agreement), A/N and Liberty Broadband, as such agreement may be amended from time to time in accordance with its terms. 

“Subdivision” means any subdivision of stock or units, as the case may be, by any split, dividend, reclassification, recapitalization or
otherwise. 
 “Subsidiary” means, with respect to any Person, any other Person of which (i) a majority of the outstanding share capital,
voting securities or other equity interests are owned, directly or indirectly, by such first Person and/or any other Subsidiary of such first Person or (ii) such first Person and/or any other Subsidiary of such first Person is entitled, directly or
indirectly, to appoint a majority of the board of directors or comparable body of such Person. 
 “Tax Distribution” has the meaning set
forth in the LLC Agreement. 
 “Tax Receivables Agreement” means the Tax Receivables Agreement, by and among A/N and New Charter, dated as
of the date hereof, as such agreement may be amended from time to time in accordance with its terms. 
 “Trading Day” shall mean any
Business Day on which the Class A Common Stock is traded, or able to be traded, on the principal national securities exchange on which the Class A Common Stock is listed or admitted to trading. 

“Unitholder” means a Class B Unitholder or a Convertible Preferred Unitholder. 

  
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 “Units” has the meaning set forth in the LLC Agreement. 

“VWAP” means, for any specified period, with respect to any class of stock, a price per share equal to the volume-weighted average of the
trading prices of such stock, as reported by Bloomberg L.P. (with respect to the Class A Common Stock, on the screen entitled “CHTR <EQUITY> AQR SEC” or its equivalent successor if such page is not available) for such period (without
regard to pre-open or after hours trading outside of any regular trading session during such period). 
 SECTION 1.2 Interpretation.
In this Agreement and in the Exhibits hereto, except to the extent that the context otherwise clearly requires: 
 (a) the headings are for
convenience of reference only and shall not affect the interpretation of this Agreement; 
 (b) defined terms include the plural as well as
the singular and vice versa; 
 (c) words importing gender include all genders; 

(d) a reference to any statute, regulation or statutory or regulatory provision shall be construed as a reference to the same as it may have
been or may from time to time be amended, extended, re-enacted or consolidated and to all statutory and regulatory instruments or orders made under it; 

(e) references to Articles, Sections, subsections, clauses and Exhibits are references to Articles, Sections, subsections and clauses of, and
Exhibits to, this Agreement; 
 (f) references in this Agreement to “dollars” or “$” shall mean the lawful currency of
the United States of America; 
 (g) the words “including” and “include” and other words of similar import shall be
deemed to be followed by the phrase “without limitation”; and 
 (h) unless otherwise specified, references to any party to this
Agreement or any other document or agreement shall include its successors and permitted assigns. 
 The parties have participated jointly in negotiating and
drafting this Agreement. If an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any
party by virtue of the authorship of any provision of this Agreement. 

  
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 SECTION 2.1 Exchange of Class B Common Units. 

(a) Elective or Automatic Exchanges of Class B Common Units. 

(i) In the event a Class B Unitholder wishes to effect a Permitted Exchange Event, such Class B Unitholder shall (i) deliver to Charter
Holdings an Exchange Notice and (ii) surrender or, in the absence of such surrender, be deemed to have surrendered, all Class B Common Units to Charter Holdings (free and clear of all liens, encumbrances, rights of first refusal and similar
restrictions) to be surrendered pursuant to such Exchange Notice. 
 (ii) The consideration for the Class B Common Units to be surrendered
pursuant to Section 2.1(a)(i) or automatically exchanged pursuant to Section 3.5 of the LLC Agreement shall be a Cash Exchange Payment by Charter Holdings; provided, however, at the option of the Manager (on behalf of Charter Holdings), the
consideration for the Class B Common Units to be surrendered pursuant to Section 2.1(a)(i) or automatically exchanged pursuant to Section 3.5 of the LLC Agreement shall be a number of shares of Class A Common Stock equal to the number of
Class B Common Units surrendered or automatically exchanged. If the Manager elects, on behalf of Charter Holdings, for shares of Class A Common Stock to be provided in an Exchange, whether pursuant to Section 2.1(a)(i) or Section 3.5
of the LLC Agreement, (i) New Charter shall issue and contribute, directly or indirectly, to Charter Holdings, the number of shares of Class A Common Stock equal to the number of Class B Common Units surrendered or automatically exchanged, (ii) in
consideration for the issuance and contribution described in clause (i), Charter Holdings shall issue to the Charter Member the number of Class A Common Units equal to the number of shares of Class A Common Stock issued and contributed to Charter
Holdings, (iii) subject to Section 4.8 of the LLC Agreement, New Charter shall take such other actions as are necessary to preserve the 1:1 Up-C structure between New Charter and Charter Holdings as set forth in Section 2.3(a), and
(iv) Charter Holdings shall (A) deliver or cause to be delivered at the offices of the then-acting registrar and transfer agent of the Class A Common Stock (or, if there is no then-acting registrar and transfer agent of the Class A Common Stock, at
the principal executive offices of New Charter) the number of shares of Class A Common Stock deliverable upon such Exchange, registered in the name of the relevant surrendering Unitholder (or in such other name as is requested in writing by such
Unitholder), or, in the case of an automatic exchange of Class B Common Units pursuant to Section 3.5 of the LLC Agreement, in the name of the applicable lender(s) in certificated or uncertificated form in the sole discretion of Charter Holdings, or
(B) if the Class A Common Stock is settled through the facilities of The Depository Trust Company, upon the written instruction of the surrendering Unitholder set forth in the Exchange Notice or, in the case of an automatic exchange of Class B
Common Units pursuant to Section 3.5 of the LLC Agreement, at the direction of the applicable lender(s) set forth in the Notice of Foreclosure, use its reasonable best efforts to deliver, or cause to be delivered, the shares of Class A Common Stock
deliverable to such surrendering Unitholder or, in the case of an automatic exchange of Class B Common Units pursuant to Section 3.5 of the LLC Agreement, the applicable lender(s), in the Exchange through the facilities of The Depository Trust
Company, to the account of the participant of The Depository Trust Company designated by such surrendering Unitholder in the Exchange Notice or, in the case of an automatic exchange of Class B Common Units pursuant to Section 3.5 of the LLC
Agreement, at the direction of the applicable lender(s) in the Notice of Foreclosure. An Exchange of Class B Common Units pursuant to Section 2.1(a)(i) will be deemed to have been effected immediately prior to the close of business on
the Date of Exchange, and an automatic exchange of Class B Common Units pursuant to Section 3.5 of the 

  
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LLC Agreement shall be deemed to have been effected immediately upon foreclosure as set forth in Section 3.5 of the LLC Agreement, in each case, at which time the exchanged Class B Common
Units shall be deemed cancelled (and thereby cease to exist) without any action required on the part of any Person, including New Charter or Charter Holdings; provided, however, that in the event of an Exchange hereunder in connection
with, and immediately prior to, a Change of Control, other than in connection with a foreclosure, the exchange of Class B Common Units shall be deemed to be effective immediately prior to the consummation of the Change of Control. If any shares of
Class A Common Stock are issued pursuant to this Section 2.1(a)(ii), the recipient will be treated as a holder of record of Class A Common Stock as of the close of business on such Date of Exchange or, in the event of an
automatic exchange of Class B Common Units pursuant to Section 3.5 of the LLC Agreement, immediately upon foreclosure. Charter Holdings shall deliver (or cause to be delivered) to the exchanging Class B Unitholder or applicable lender(s) the
cash consideration or certificates, if any, representing the Class A Common Stock deliverable pursuant to Section 2.1(a)(i) on or before the date that is three (3) Business Days following the Date of Exchange or, in the case of an automatic
exchange of Class B Common Units pursuant to Section 3.5 of the LLC Agreement, as soon as reasonably practicable, and in any event on or before the Date of Exchange. 

(b) Mandatory Exchanges. In connection with a Change of Control, and subject to any approval of the Change of Control by the
holders of Class A Common Stock and Class B Common Stock required under the New Charter Certificate or applicable law, New Charter or Charter Holdings shall have the right to require each Class B Unitholder to Exchange some or all of the Class B
Common Units owned by such Class B Unitholder (free and clear of all liens, encumbrances, rights of first refusal and similar restrictions), in consideration for the delivery by Charter Holdings to such Class B Unitholder of a number of shares of
Class A Common Stock equal to the number of Class B Common Units required to be exchanged. Any such Exchange pursuant to this Section 2.1(b) shall be effected by the surrender or deemed surrender of the Class B Common
Units to be exchanged and shall be effective immediately prior to the consummation of the Change of Control (and, for the avoidance of doubt, shall not be effective if such Change of Control is not consummated), at which time the exchanged Class B
Common Units shall be deemed cancelled without any action required on the part of any Person, including New Charter or Charter Holdings. To effect the delivery of such shares of Class A Common Stock, (i) New Charter shall issue and contribute,
directly or indirectly, to Charter Holdings, the number of shares of Class A Common Stock equal to the number of Class B Common Units surrendered, (ii) in consideration for the issuance and contribution described in clause (i), Charter Holdings
shall issue to the Charter Member the number of Class A Common Units equal to the number of shares of Class A Common Stock issued and contributed to Charter Holdings, (iii) subject to Section 4.8 of the LLC Agreement, New Charter shall take
such other actions as are necessary to preserve the 1:1 Up-C structure between New Charter and Charter Holdings as set forth in Section 2.3(a), and (iv) Charter Holdings shall (A) deliver or cause to be delivered at the offices of the
then-acting registrar and transfer agent of the Class A Common Stock (or, if there is no then-acting registrar and transfer agent of the Class A Common Stock, at the principal executive offices of New Charter) the number of shares of Class A Common
Stock deliverable upon such Exchange, registered in the name of the relevant surrendering Unitholder (or in such other name as is requested in writing by such Unitholder), 

  
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in certificated or uncertificated form, in the sole discretion of Charter Holdings, or (B) if the Class A Common Stock is settled through the facilities of The Depository Trust Company, upon the
written instruction of the surrendering Unitholder, use its reasonable best efforts to deliver, or cause to be delivered, the shares of Class A Common Stock deliverable to such surrendering Unitholder in the Exchange through the facilities of The
Depository Trust Company, to the account of the participant of The Depository Trust Company designated by such surrendering Unitholder. If any shares of Class A Common Stock are issued pursuant to this Section 2.1(b),
the recipient will be treated as a holder of record of Class A Common Stock as of immediately prior to the consummation of the Change of Control. New Charter shall provide written notice of an expected Change of Control to all Class B
Unitholders within the earlier of (x) five (5) days following the execution of the agreement with respect to such Change of Control and (y) ten (10) days before the proposed date upon which the contemplated Change of Control is to be effected,
indicating in such notice such information as may reasonably describe the Change of Control transaction, subject to applicable law. New Charter shall update such notice from time to time to reflect any material changes to such notice. New
Charter may satisfy any such notice and update requirements described in the preceding two sentences by providing such information on a Form 8-K, Schedule TO, Schedule 14D-9 or similar form filed with the SEC or a press release posted on its
website. 
 (c) Election. After receipt of an Exchange Notice, the Manager, on behalf of Charter Holdings, shall deliver a
notice of election (an “Election Notice”) within three (3) Business Days of Charter Holdings’ receipt of such Exchange Notice, in which the Manager, on behalf of Charter Holdings, may elect for Class A Common Stock to be
provided in an elective Exchange pursuant to Section 2.1(a)(i). If no Election Notice is given within such three (3) Business Day period, the Manager shall be deemed not to have made an election for Class A Common Stock to be provided in
the applicable Exchange. 
 (d) As set forth in Section 2.1(a)(ii), an exchanging Class B Unitholder or, in the case of an automatic
exchange of Class B Common Units pursuant to Section 3.5 of the LLC Agreement, the applicable lender(s), shall be treated as a holder of record of Class A Common Stock as of the close of business on such Date of Exchange. Such exchanging Class
B Unitholder or, in the case of an automatic exchange of Class B Common Units pursuant to Section 3.5 of the LLC Agreement, such applicable lender(s) shall be entitled to receive all the benefits to which a holder of record of Class A Common Stock
is entitled to receive as of such time. New Charter and Charter Holdings agree that any record date for a dividend or distribution with respect to the Class A Common Stock will occur on the same date as or following the record date for any
corresponding pro rata dividend or distribution or other event with respect to the Common Units. 
 (e) Cancellation of Class B
Common Stock. All voting rights of the Class B Common Stock with respect to any exchanged Class B Common Unit shall automatically be reduced as provided in the New Charter Certificate as of the close of business on the applicable Date of
Exchange without any action required on the part of any Person. 

  
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 (f) Expenses. Charter Holdings shall bear its and the Charter Group’s expenses and
each exchanging Class B Unitholder or, in the case of an automatic exchange of Class B Common Units pursuant to Section 3.5 of the LLC Agreement, the applicable lender(s), shall bear its own expenses in connection with the consummation of any
Exchange, whether or not any such Exchange is ultimately consummated, except that Charter Holdings shall bear any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, any Exchange;
provided, that if any shares of Class A Common Stock are to be delivered in a name other than that of the Class B Unitholder that requested the Exchange or applicable lender(s), then such Class B Unitholder, applicable lender(s) or the Person
in whose name such shares are to be delivered shall pay to Charter Holdings the amount of any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, such Exchange (to the extent the amount of
any such taxes are in excess of what would be required to be paid by New Charter or Charter Holdings in connection with, or arising by reason of, such Exchange if the shares of Class A Common Stock were to be delivered in the name of the Class B
Unitholder that requested the Exchange or applicable lender(s)) or shall establish to the reasonable satisfaction of New Charter and Charter Holdings that such tax has been paid or is not payable. For the avoidance of doubt, each exchanging Class B
Unitholder shall bear any and all income or gains taxes imposed on gain realized by such exchanging Class B Unitholder as a result of any such Exchange. 

(g) Treatment for U.S. Federal Income Tax Purposes. For U.S. Federal income tax purposes, the parties agree to treat an Exchange for
cash that is not directly traceable to cash received from New Charter as a distribution under Section 731 of the Code and to treat any other Exchange as a “disguised sale” of Class B Common Units from A/N to a member of the Charter Group,
and each of the parties shall file all tax returns in a manner consistent with such treatment. 
 SECTION 2.2 Common Stock to be
Issued.
 (a) In connection with any Exchange, whether pursuant to Section 2(a)(i), Section 2(b) or Section 3.5 of the LLC
Agreement, or other transaction described herein, New Charter and Charter Holdings reserve the right to provide shares of Class A Common Stock that are registered pursuant to the Securities Act, unregistered shares of Class A Common Stock or any
combination thereof, as each of them may determine in its sole discretion. 
 (b) New Charter shall at all times reserve and keep available
out of its authorized but unissued Class A Common Stock such number of shares of Class A Common Stock necessary to satisfy its obligations hereunder. New Charter, Charter Holdings and the exchanging Class B Unitholder(s) shall use their respective
reasonable best efforts to obtain the approval of any Government Entity required under any Law prior to and comply with all federal and state securities laws in connection with the issuance of Class A Common Stock in any Exchange. New Charter shall
use its reasonable best efforts to list the shares of Class A Common Stock issued in any Exchange on NASDAQ (or such other national securities exchange upon which the Class A Common Stock of New Charter may be listed on the Date of Exchange) prior
to the delivery thereof to the exchanging Class B Unitholder. 
 (c) Any Class A Common Stock to be issued by New Charter in accordance with
this Agreement shall be validly issued, fully paid and non-assessable. 

  
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 SECTION 2.3 Capital Structure of New Charter and Charter Holdings.

(a) New Charter shall, and shall cause Charter Holdings to, take all actions necessary so that, at all times for as long as this Agreement is
in effect (i) each Class B Common Unit has the same economic rights as each Class A Common Unit; (ii) the number of Class A Common Units outstanding equals the number of shares of Class A Common Stock outstanding; and (iii) subject to
Section 4.8 of the LLC Agreement, New Charter and Charter Holdings shall otherwise maintain a 1:1 Up-C structure (except with respect to the Class B Common Units and Convertible Preferred Units). 

(b) As promptly as practicable following the issuance by New Charter of any shares of Class A Common Stock other than pursuant to an Exchange
(including any issuance in connection with a business acquisition by New Charter or its Subsidiaries, an equity incentive program or upon the conversion, exercise or exchange of any security or other instrument convertible into or exercisable or
exchangeable for shares of Class A Common Stock), New Charter shall contribute, directly or indirectly, the proceeds of such issuance (including the exercise price or other proceeds or property received in connection with any issuance in connection
with the exercise of options, warrants or other rights to purchase shares of Class A Common Stock), if any (net of any selling or underwriting discounts or commissions) to Charter Holdings, and Charter Holdings shall issue Class A Common Units to
the Charter Member equal to the number of shares of Class A Common Stock issued; provided, that in lieu of such contribution and issuance, New Charter may agree with a Class B Unitholder to transfer such net proceeds to such Class B Unitholder in
exchange for the receipt by the Charter Member of a number of Class B Common Units equal to the number of shares of Class A Common Stock to which such net proceeds relate. Any agreement by such Class B Unitholder shall be in such Class B
Unitholder’s sole discretion. Any Class B Common Unit so acquired by the Charter Member shall be converted into a Class A Common Unit held by the Charter Member automatically and without any further action by Charter Holdings or the Charter
Member. In such event, subject to Section 4.8 of the LLC Agreement, New Charter shall, in addition, take such other action as is necessary to preserve the 1:1 Up-C structure between New Charter and Charter Holdings as set forth in
Section 2.3(a). 
 (c) New Charter shall not in any manner effect any Subdivision or Combination of Class A Common Stock unless
Charter Holdings simultaneously effects a Subdivision or Combination, as the case may be, of Common Units with an identical ratio as the Subdivision or Combination of Class A Common Stock. Charter Holdings shall not in any manner effect any
Subdivision or Combination of Common Units unless New Charter simultaneously effects a Subdivision or Combination, as the case may be, of Class A Common Stock with an identical ratio as the Subdivision or Combination of Common Units. 

(d) New Charter shall not issue any class of equity securities other than its Class A Common Stock or the Class B Common Stock issued to A/N
unless (i) Charter Holdings issues 

  
 -12- 

 
or agrees to issue, as the case may be, to the Charter Member a number of units, with designations, preferences and other rights and terms that are substantially the same as such shares of equity
securities, equal to the number of such shares of equity securities issued by New Charter, (ii) New Charter transfers to Charter Holdings the proceeds (net of any selling or underwriting discounts or commissions) of the issuance of such shares
of equity securities (and agrees to transfer to Charter Holdings any amounts paid by the holders of securities or instruments exercisable or exchangeable therefor upon their exercise or exchange, if applicable), and (iii) subject to Section
4.8 of the LLC Agreement, New Charter takes such other action as is necessary to preserve the 1:1 Up-C structure between New Charter and Charter Holdings as set forth in Section 2.3(a); provided that, notwithstanding the foregoing, New
Charter shall not be required to comply with this sentence in the adoption or implementation of a Rights Plan (as defined in the New Charter Certificate) in compliance with the Stockholders Agreement, but shall be required to comply
with this sentence in connection with any separation of the rights under such rights plan, provided that neither A/N nor any of its Affiliates (including any of its or their lenders to which any Class B Common Units have been pledged) is an
acquiring person or similar person for which the rights would not be exercisable. 
 (e) If New Charter makes a dividend or other
distribution of Class A Common Stock on its Class A Common Stock, then Charter Holdings shall issue to (i) the Charter Member for each Class A Common Unit held by the Charter Member a number of Class A Common Units equal to the number of shares of
Class A Common Stock that was distributed on one share of Class A Common Stock and (ii) each Class B Unitholder for each Class B Common Unit held by such holder a number of Class B Common Units equal to the number of shares of Class A Common Stock
that was distributed on one share of Class A Common Stock. In such event, subject to Section 4.8 of the LLC Agreement, New Charter shall, in addition, take such other action as is necessary to preserve the 1:1 Up-C structure between New
Charter and Charter Holdings as set forth in Section 2.3(a). 
 (f) If New Charter pays a cash dividend on the Class A Common Stock
not funded (or previously funded) by a Tax Distribution (including cash accumulated as a result of a prior Tax Distribution) or other pro rata distribution by Charter Holdings on the Common Units, then each Class B Unitholder holding Class B Common
Units shall be entitled to receive from Charter Holdings a cash amount equal to the amount of the per-share cash dividend paid on one share of Class A Common Stock with respect to each Class B Common Unit held by such Class B Unitholder or, if such
Class B Unitholder agrees, that number of Class B Common Units equal to the per-share value of such cash dividend, calculated by dividing (i) the amount of the per-share cash dividend paid on one share of Class A Common Stock, by (ii) the VWAP of
the Class A Common Stock for the ten (10) consecutive Trading Days ending on and including the record date for such dividend, in each case, with respect to each Class B Common Unit held by such Class B Unitholder. 

(g) If New Charter makes a distribution of evidence of indebtedness, assets or property (in each case other than cash or New Charter stock) on
the Class A Common Stock that the Charter Member did not receive (or previously receive) through a pro rata distribution of such evidence of indebtedness, assets or property on Common Units by Charter Holdings, then

  
 -13- 

 
each Class B Unitholder holding Class B Common Units shall be entitled to receive from New Charter a cash amount equal to the fair market value of the per-share distribution on one share of Class
A Common Stock, as determined by the Board of Directors in good faith, or, if such Class B Unitholder agrees, that number of Class B Common Units equal to the per-share value of such distribution, calculated by dividing (i) the fair market value of
the per-share distribution on one share of Class A Common Stock, as determined by the Board of Directors in good faith, by (ii) the VWAP of the Class A Common Stock for the ten (10) consecutive Trading Days ending on and including the record date
for such dividend, in each case, with respect to each Class B Common Unit held by such Class B Unitholder. 
 SECTION 3.1 Representations
and Warranties of New Charter. New Charter represents and warrants that (i) it is a corporation duly incorporated and is validly existing under the laws of the State of Delaware, (ii) it has all requisite corporate power and authority to enter
into and perform this Agreement and to consummate the transactions contemplated hereby, including the issuance of Class A Common Stock in accordance with the terms hereof, (iii) the execution and delivery of this Agreement by New Charter and the
consummation by it of the transactions contemplated hereby, including the issuance of the Class A Common Stock, have been duly authorized by all necessary corporate action on the part of New Charter, and (iv) this Agreement constitutes a legal,
valid and binding obligation of New Charter enforceable against New Charter in accordance with its terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating
to or limiting creditors’ rights generally. 
 SECTION 3.2 Representations and Warranties of Charter Holdings and CCH II,
LLC. Charter Holdings and CCH II, LLC each represent and warrant with respect to itself that (i) it is a limited liability company duly incorporated and is validly existing under the laws of the State of Delaware, (ii) it has all requisite
limited liability power and authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby in accordance with the terms hereof, (iii) the execution and delivery of this Agreement by Charter Holdings or CCH
II, LLC, as applicable, and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary limited liability action on the part of Charter Holdings or CCH II, LLC, as applicable, and (iv) this Agreement
constitutes a legal, valid and binding obligation of Charter Holdings or CCH II, as applicable, enforceable against Charter Holdings or CCH II, LLC, as applicable in accordance with its terms, except as enforcement may be limited by equitable
principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally. 

SECTION 3.3 Representations and Warranties of the Class B Unitholders. Each Class B Unitholder, severally and not jointly,
represents and warrants that (i) if such Class B Unitholder is an entity, it is duly incorporated or formed and validly existing under the laws of such jurisdiction, (ii) if such Class B Unitholder is an entity, it has all requisite corporate or
other entity power and authority to enter into and perform this Agreement and to consummate the transactions contemplated hereby and if such Class B Unitholder is an individual, it has all 

  
 -14- 

 
requisite capacity and authority to enter into and perform this Agreement and the transactions contemplated hereby, (iii) if such Class B Unitholder is an entity, the execution and delivery
of this Agreement by it and consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate or other entity action on the part of such Class B Unitholder, and (iv) this Agreement constitutes a legal, valid
and binding obligation of such Class B Unitholder enforceable against it in accordance with its terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to
or limiting creditors’ rights generally. 
 SECTION 4.1 Additional Class B Unitholders. To the extent any Class B Common Units
are transferred to another Person in full compliance with the Specified Documents, then such transferee (each, a “Permitted Transferee”) shall execute and deliver a joinder to this Agreement, substantially in the form of Exhibit B,
whereupon such Permitted Transferee shall become a Class B Unitholder hereunder. 
 SECTION 4.2 Addresses and Notices. All
notices, requests, consents and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by courier service, by fax, by electronic mail (delivery receipt
requested) or by certified or registered mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be as specified in a notice given in accordance with this
Section 4.2): 
  

	 	(a)	If to New Charter, the Charter Member or Charter Holdings, to: 

 Charter Communications, Inc.

 400 Atlantic Street, 10th Floor 

Stamford, Connecticut 06901 

			
	 Attention:
	 	General Counsel
	 Facsimile:
	 	(203) 564-1377
	 E-mail:
	 	rick.dykhouse@chartercom.com

 with a copy to: 

Wachtell, Lipton, Rosen & Katz 

51 West 52nd Street 
 New York,
New York 10019 

			
	Attention:	 	Steven A. Cohen
		 	DongJu Song
	Facsimile:	 	(212) 203-2000
	E-mail:	 	SACohen@wlrk.com
		 	DSong@wlrk.com

  
 -15- 

	 	(b)	If to A/N, to: 

 Advance/Newhouse Partnership 

c/o Sabin Bermant & Gould LLP 

One World Trade Center, 44th Floor 

			
	Attention:	 	Managing Partner
	Facsimile:	 	(212) 381-7232
	E-mail:	 	rhuber@sabinfirm.com

 with a copy to: 

Sullivan & Cromwell LLP 

125 Broad Street 
 New York, New
York 10004 

			
	Attention:	 	Brian Hamilton
		 	Scott Crofton
	Facsimile:	 	212-558-3588
	E-mail:	 	hamiltonb@sullcrom.com
		 	croftons@sullcrom.com

  

	 	(c)	If to any other Class B Unitholder, to the address and other contact information set forth in the records of Charter Holdings from time to time. 

SECTION 4.3 Further Assurances. The parties shall execute, deliver, acknowledge and file such further agreements and instruments
and take such other actions as may be reasonably necessary from time to time to make effective this Agreement and the transactions contemplated herein. 

SECTION 4.4 Termination. This Agreement shall terminate and be of no further force or effect only at such time as no Class B
Common Units or Convertible Preferred Units remain outstanding. 
 SECTION 4.5 Successors and Assigns. This Agreement shall be
binding upon and inure to the benefit of all of the parties and their respective successors and permitted assigns, including, for the avoidance of doubt, any successor or assign of New Charter or Charter Holdings by operation of law. Neither
New Charter nor Charter Holdings may assign their obligations under this Agreement except by operation of law in connection with a Change of Control. 

SECTION 4.6 No Third Party Beneficiaries. Neither this Agreement nor any provision hereof is intended to confer upon any Person
(other than the parties hereto) any rights or remedies hereunder. 
 SECTION 4.7 Severability. The provisions of this Agreement
shall be deemed not to be severable. 

  
 -16- 

 SECTION 4.8 Amendment; Waivers.

(a) No provision of this Agreement may be waived except by an instrument in writing executed by the party against whom the waiver is to be
effective. No provision of this Agreement may be amended except by an instrument in writing executed by New Charter, Charter Holdings, and A/N (if A/N or its Affiliates at that time hold any Class B Common Units). 

(b) No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall single
or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by
law. 
 SECTION 4.9 Consent to Jurisdiction. Each party agrees that it shall bring any action, suit, demand or proceeding (including
counterclaims) in respect of any claim arising out of or related to this Agreement or the transactions contemplated hereby, exclusively in the Delaware Court of Chancery or, if unavailable, the United States District Court for the District of
Delaware, in each case, sitting in the City of Wilmington, Delaware (the “Chosen Courts”), and solely in connection with claims arising under this Agreement or the transactions contemplated hereby (i) irrevocably submits to the
exclusive jurisdiction of the Chosen Courts, (ii) waives any objection to laying venue in any such action, suit, demand or proceeding in the Chosen Courts, (iii) waives any objection that the Chosen Courts are an inconvenient forum or do not have
jurisdiction over any party and (iv) agrees that service of process upon such party in any such action, suit, demand or proceeding shall be effective if notice is given in accordance with Section 4.2. 

SECTION 4.10 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. 
 SECTION 4.11 Tax
Treatment. For purposes of the Code and the Treasury Regulations promulgated thereunder, this Agreement shall be treated as part of the LLC Agreement of Charter Holdings as described in Section 761(c) of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations promulgated thereunder. 
 SECTION 4.12
Entire Agreement. This Agreement, including the Exhibits to this Agreement, the Specified Documents and the Contribution Agreement embody the entire agreement and understanding of the parties hereto in respect of the subject matter
contained in this Agreement. This Agreement supersedes all prior agreements and understandings between the parties with respect to the subject matter hereof and thereof, other than the Specified Documents. 

SECTION 4.13 Specific Performance. Each party hereto acknowledges that the remedies at law of the other parties for a breach or
threatened breach of this Agreement would 

  
 -17- 

 
be inadequate and, in recognition of this fact, any party to this Agreement, without posting any bond or furnishing other security, and in addition to all other remedies that may be available,
shall be entitled to seek equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available and no party shall oppose the granting of
such relief on the basis that money damages would be sufficient. 
 SECTION 4.14 Independent Nature of Class B Unitholders’ Rights
and Obligations. The obligations of each Class B Unitholder hereunder are several and not joint with the obligations of any other Class B Unitholder, and no Class B Unitholder shall be responsible in any way for the performance of the
obligations of any other Class B Unitholder hereunder. 
 SECTION 4.15 Control of Subsidiaries. To the extent that this
Agreement obligates Charter Holdings or any other member of the Charter Group other than New Charter, New Charter shall take all action necessary to ensure that such party fulfills its obligations hereunder. 

SECTION 4.16 Governing Law. This Agreement (and all claims, controversies and causes of action, whether in contract, tort or
otherwise) and the rights and obligations of the parties hereunder shall be governed by, and construed, interpreted and enforced in accordance with, the laws of the State of Delaware. 

  
 -18- 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered, all as of the date
first set forth above. 
  

					
	CHARTER COMMUNICATIONS, INC.
		
	By:	 	 /s/ Charles Fisher

		 	Name:	 	Charles Fisher
		 	Title:	 	Senior Vice President, Corporate Finance
	
	CCH II, LLC
		
	By:	 	 /s/ Charles Fisher

		 	Name:	 	Charles Fisher
		 	Title:	 	Senior Vice President, Corporate Finance
	
	CHARTER COMMUNICATIONS HOLDINGS, LLC
		
	By:	 	 /s/ Charles Fisher

		 	Name:	 	Charles Fisher
		 	Title:	 	Senior Vice President, Corporate Finance
	
	ADVANCE/NEWHOUSE PARTNERSHIP
		
	By:	 	 /s/ Steven A. Miron

		 	Name:	 	Steven A. Miron
		 	Title:	 	Chief Executive Officer

 [SIGNATURE PAGE TO EXCHANGE AGREEMENT] 

 EXHIBIT A 

[FORM OF] 
 EXCHANGE
NOTICE 
 Charter Communications Holdings, LLC 
 [●]

 Attention: General Counsel 
 Reference is hereby made
to the Exchange Agreement, dated as of May 18, 2016 (as amended from time to time in accordance with its terms, the “Exchange Agreement”), among Charter Communications, Inc., Charter Communications Holdings, LLC, A/N, CCH II, LLC
and such other holders of Class B Common Units (as defined therein) from time to time party thereto. Capitalized terms used but not defined herein shall have the meanings given to them in the Exchange Agreement. 

Effective as of the Date of Exchange, but subject to the undersigned’s right to withdraw this Exchange Notice as set forth below, the undersigned Class B
Unitholder hereby transfers to Charter Holdings the number of Class B Common Units set forth below in Exchange for a Cash Exchange Payment to the account set forth below or, at the option of the Manager, for shares of Class A Common Stock to be
issued in its name as set forth below, as set forth in the Exchange Agreement. The undersigned hereby acknowledges that if the Class B Common Units to be exchanged hereby represent in the aggregate 2% or less of all outstanding Common Units, this
Exchange Notice is revocable (without the consent of Charter Holdings) only by a written notice of revocation delivered to Charter Holdings at least two Business Days prior to the Date of Exchange; provided that this Exchange Notice shall not be
revocable if Charter Holdings notifies the undersigned in writing that it will deliver a Cash Exchange Payment in respect of the Class B Common Units that are subject to this Exchange Notice. 

Legal Name of Class B Unitholder: 
 Address: 

Number of Class B Common Units to be Exchanged: 
 Date of
Exchange: 
 The undersigned hereby represents and warrants that (i) the undersigned has requisite corporate or other entity power and authority to execute
and deliver this Exchange Notice and to perform the undersigned’s obligations hereunder; (ii) this Exchange Notice has been duly executed and delivered by the undersigned and is the legal, valid and binding obligation of the undersigned
enforceable against it in accordance with the terms thereof or hereof, as the case may be, subject to applicable bankruptcy, insolvency and similar laws now or hereafter in effect affecting creditors’ rights generally and the availability of
equitable remedies; (iii) the undersigned has good and marketable title to its Class B Common Units that are subject to this Exchange Notice, and such Class B Common Units are being transferred to Charter Holdings free and clear of any pledge, lien,
security interest, right of first refusal or other encumbrance; and (iv) no consent, approval, authorization, order, registration or qualification of, or any notice to or filing with, any third party or any court or governmental agency or body
having jurisdiction over the undersigned or the Class B Common Units subject to this Exchange Notice is required to be obtained or made by the undersigned for the transfer of such Class B Common Units. 

  
 A-1 

 Subject to the undersigned’s right to withdraw this Exchange Notice as set forth in the Exchange Agreement,
the undersigned hereby irrevocably constitutes and appoints any officer of New Charter or Charter Holdings, as applicable, as the attorney of the undersigned, with full power of substitution and resubstitution in the premises, solely to do any and
all things and to take any and all actions necessary to effect the Exchange elected hereby, including to transfer to Charter Holdings or New Charter the Class B Common Units subject to this Exchange Notice and to deliver to the undersigned the cash
or the shares of Class A Common Stock to be delivered in Exchange therefor. 

  
 A-2 

 IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Exchange Notice to be executed and
delivered by the undersigned or by its duly authorized attorney. 
  

			
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 A-3 

 EXHIBIT B 

[FORM OF] 
 JOINDER
AGREEMENT 
 This Joinder Agreement (“Joinder Agreement”) is a joinder to the Exchange Agreement, dated as of May 18, 2016 (the
“Agreement”), among Charter Communications, Inc. (“New Charter”), Charter Communications Holdings, LLC (“Charter Holdings”), Advance/Newhouse Partnership (“A/N”), CCH II, LLC and
each of the other Class B Unitholders from time to time party thereto. Capitalized terms used but not defined in this Joinder Agreement shall have the meanings given to them in the Agreement. This Joinder Agreement shall be governed by, and
construed in accordance with, the laws of the State of Delaware. In the event of any conflict between this Joinder Agreement and the Agreement, the terms of this Joinder Agreement shall control. 

The undersigned hereby joins and enters into the Agreement having acquired Class B Common Units. By signing and returning this Joinder Agreement to New
Charter and Charter Holdings, the undersigned (i) accepts and agrees to be bound by and subject to all of the terms and conditions of and agreements of a Class B Unitholder in the Agreement, with all attendant rights, duties and obligations of a
Class B Unitholder thereunder and (ii) makes, as of the date hereof, each of the representations and warranties of a Class B Unitholder in Section 3.3 of the Agreement as fully as if such representations and warranties were set forth
herein. The parties to the Agreement shall treat the execution and delivery hereof by the undersigned as the execution and delivery of the Agreement by the undersigned and, upon receipt of this Joinder Agreement by New Charter and Charter
Holdings, the signature of the undersigned set forth below shall constitute a counterpart signature to the signature page of the Agreement. 
  

			
	 Name:
	 	
	 Address for Notices:
	 	 With copies to:

	 Attention:
	 	

  
 B-1 

 IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Joinder Agreement to be executed
and delivered by the undersigned or by its duly authorized attorney. 
  

			
	 By:
	 	  

		 	 Name:

		 	 Title:

  

			
	 Acknowledged as of
            , 20    :

	
	 CHARTER COMMUNICATIONS, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	CHARTER COMMUNICATIONS HOLDINGS, LLC
		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 B-2EX-10.3

 Exhibit 10.3 

REGISTRATION RIGHTS AGREEMENT 
 by
and among 
 CHARTER COMMUNICATIONS, INC., 

LIBERTY BROADBAND CORPORATION 

and 
 ADVANCE/NEWHOUSE PARTNERSHIP

  
  

Dated as of May 18, 2016 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 Section 1.
	 	 Definitions
	  	 	1	  
			
	 Section 2.
	 	 Demand Registrations; Shelf Registrations; Exchangeable Private Placement
	  	 	7	  
			
	 Section 3.
	 	 Inclusion of Other Securities; Priority
	  	 	12	  
			
	 Section 4.
	 	 Piggyback Registrations
	  	 	13	  
			
	 Section 5.
	 	 Holdback Agreements
	  	 	15	  
			
	 Section 6.
	 	 Suspensions
	  	 	15	  
			
	 Section 7.
	 	 Registration Procedures
	  	 	16	  
			
	 Section 8.
	 	 Participation in Registrations and Underwritten Offerings
	  	 	21	  
			
	 Section 9.
	 	 Registration Expenses
	  	 	22	  
			
	 Section 10.
	 	 Indemnification; Contribution
	  	 	23	  
			
	 Section 11.
	 	 Rule 144 Compliance
	  	 	26	  
			
	 Section 12.
	 	 Miscellaneous
	  	 	26	  
			
	 Exhibit A
	 	 Form of Counterpart
	  			
			
	 Exhibit B
	 	 List of Underwriters
	  			

 THIS REGISTRATION RIGHTS AGREEMENT is made and entered into as of May 18, 2016, by and among Charter
Communications, Inc., a Delaware corporation (formerly known as CCH I, LLC) (the “Company”), Liberty Broadband Corporation, a Delaware corporation (“Liberty”), Advance/Newhouse Partnership, a New York general
partnership (“A/N”), and any other A/N Party or Liberty Party that has become a party to this Agreement by executing and delivering a counterpart to this Agreement in the form attached hereto as Exhibit A. 

RECITALS 
 WHEREAS, the Company,
Former Charter Communications Parent, Inc. (formerly known as Charter Communications, Inc.) (“Old Charter”) and A/N, among others, are parties to that certain Contribution Agreement, dated as of March 31, 2015 and as amended on
May 23, 2015 (the “Contribution Agreement”), pursuant to which A/N has received, at the closing of the transactions contemplated by the Contribution Agreement, (i) one share of Class B Common Stock, (ii) 30,992,406
Class B Common Units and (iii) 25,000,000 Preferred Units; 
 WHEREAS, the Company, Old Charter, Liberty and A/N are parties to that certain
Second Amended and Restated Stockholders Agreement, dated as of May 23, 2015 (the “Stockholders Agreement”), pursuant to which Liberty has purchased, substantially concurrently with the closing of the transactions contemplated
by the Contribution Agreement, from the Company, and the Company issued to Liberty, 3,658,691 shares of Class A Common Stock; 
 WHEREAS, the
Company, Old Charter and Liberty are parties to that certain Investment Agreement, dated as of May 23, 2015 (the “Investment Agreement”), pursuant to which Liberty has purchased, substantially concurrently with the closing of
the transactions contemplated by the Mergers Agreement (as defined therein), from the Company, and the Company issued to Liberty, 21,972,648 shares of Class A Common Stock; 

WHEREAS, in connection with the consummation of the transactions contemplated by the Investment Agreement, the Contribution Agreement, the Stockholders
Agreement and the Mergers Agreement, the parties hereto desire to enter into this Agreement in order to grant certain registration rights to the Holders of Registrable Securities as set forth below. 

AGREEMENT 
 NOW, THEREFORE, in
consideration of the premises and the mutual covenants contained herein and other good and valid consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 

Section 1. Definitions. 

(a) As used in this Agreement, the following terms shall have the following meanings: 

“Additional Liberty Demand Registration” has the meaning set forth in Section 2(c)(iv). 

 “Affiliate” of a Person has the meaning set forth in Rule 12b-2 under the Exchange Act, and
“Affiliated” shall have a correlative meaning. For purposes of this definition, the term “control” (including the correlative meanings of the terms “controlled by” and “under common control with”), as used
with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management policies of such Person, whether through the ownership of voting securities or by contract or otherwise.
Notwithstanding anything to the contrary set forth in this Agreement: (a) the Company and Liberty and their respective Affiliates shall not be deemed to be Affiliates of A/N; (b) the Company and A/N and their respective Affiliates shall
not be deemed to be Affiliates of Liberty; (c) Liberty and A/N and their respective Affiliates shall not be deemed to be Affiliates of the Company or Charter Holdings; and (d) Charter Holdings shall not be deemed to be an Affiliate of
Liberty or A/N or their respective Affiliates. 
 “Agreement” means this Registration Rights Agreement, as amended, modified or
supplemented from time to time, in accordance with the terms hereof, together with any exhibits, schedules or other attachments hereto. 

“A/N” has the meaning set forth in the Preamble. 

“A/N Holder” means any A/N Party that has become a party to this Agreement by executing and delivering a counterpart to this Agreement in the
form attached hereto as Exhibit A, in each case to the extent such A/N Party is a holder of record or beneficial owner of Registrable Securities. 

“A/N Party” has the meaning set forth in the Stockholders Agreement. 

“Charter Holdings” means Charter Communications Holdings, LLC. 

“Class A Common Stock” means the Class A common stock, par value $0.001 per share, of the Company (and shall be deemed to include any
publicly traded common stock of a successor to the Company). 
 “Class B Common Units” means the Class B common units of Charter Holdings.

 “Closing” has the meaning set forth in the Contribution Agreement. 

“Closing Date” has the meaning set forth in the Contribution Agreement. 

“Company” has the meaning set forth in the Preamble, and includes the Company’s successors by merger, acquisition, consolidation or
reorganization, so long as such successor has publicly traded common stock as of the effective date of any such merger, acquisition, consolidation or reorganization. 

“Company Controlling Person” has the meaning set forth in Section 10(b). 

“Company Equity” means each of the Class A Common Stock, the Class B Common Units and the Preferred Units. 

“Contribution Agreement” has the meaning set forth in the Recitals. 

  
 -2- 

 “Covered Person” has the meaning set forth in Section 10(a). 

“Demand Period” has the meaning set forth in Section 2(c)(iii). 

“Demand Registration” has the meaning set forth in Section 2(a)(i). 

“Demand Registration Request” has the meaning set forth in Section 2(a)(i). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 

“Exchange Holder” means a holder of record or beneficial owner of Exchangeable Securities. 

“Exchangeable Private Placement” means any sale of exchangeable notes or debentures made pursuant to Rule 144A under the Securities Act and
in compliance with Sections 4.6(b)(ix) and 4.6(e) of the Stockholders Agreement, which notes or debentures are exchangeable for consideration that includes Registrable Securities. 

“Exchangeable Private Placement Request” has the meaning set forth in Section 2(f). 

“Exchangeable Security Shelf Period” has the meaning set forth in Section 2(b)(i). 

“Exchangeable Security Shelf Registration Request” has the meaning set forth in Section 2(b)(i). 

“Exchangeable Securities” means exchangeable notes or debentures issued by an Investor Holder in an Exchangeable Private Placement. 

“Fully Exchanged Basis” has the meaning set forth in the Stockholders Agreement. 

“Governmental Entity” means any United States or foreign (i) federal, state, local, municipal or other government,
(ii) governmental or quasi-governmental entity of any nature (including any governmental agency, branch, department, official or entity and any court or other tribunal) or (iii) body exercising or entitled to exercise any administrative,
executive, judicial, legislative, police, regulatory or taxing authority or power of any nature, including any arbitral tribunal. 
 “Hedging
Counterparty” means a broker-dealer registered under Section 15(b) of the Exchange Act or an Affiliate thereof or any other financial institution, in each case that is a qualified institutional buyer (within the meaning of the
Securities Act) and that routinely engages in Hedging Transactions in the ordinary course of its business. 
 “Hedging Transaction” means
any transaction by an Investor Holder in compliance with Section 4.6(d) of the Stockholders Agreement involving a security linked to Registrable Securities or any security that would be deemed to be a “derivative security” (as defined
in Rule 16a-1(c) under the Exchange Act) with respect to Registrable Securities or any transaction (even if not a security) which would (were it a security) be considered such a derivative security, or which transfers some or all of the economic
risk of ownership of Registrable Securities, including any forward contract, equity swap, put or call, put or call equivalent position, collar, non-recourse loan, sale of exchangeable security or similar transaction. For the avoidance of doubt, the
parties 

  
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acknowledge that in connection with a Hedging Transaction, a Hedging Counterparty may engage in short sales of Class A Common Stock pursuant to a Prospectus and the Hedging Counterparty may
use Registrable Securities to close out its short position. 
 “Holdback Period” has the meaning set forth in Section 5(a).

 “Holder” means an Investor Holder or a Selling Holder. 

“Holder Controlling Person” has the meaning set forth in Section 10(a). 

“Investment Agreement” has the meaning set forth in the Recitals. 

“Investor Holder” means an A/N Holder or a Liberty Holder. 

“Liberty” has the meaning set forth in the Preamble. 

“Liberty Holder” means any Liberty Party that has become a party to this Agreement by executing and delivering a counterpart to this
Agreement in the form attached hereto as Exhibit A, in each case to the extent such Liberty Party is a holder of record or beneficial owner of Registrable Securities. 

“Liberty Party” has the meaning set forth in the Stockholders Agreement. 

“LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of Charter Holdings, by and among the Company, CCH II,
LLC, A/N and Charter Holdings, dated as of the date hereof, as such agreement may be amended from time to time in accordance with its terms. 
 “Old
Charter” has the meaning set forth in Recitals. 
 “Permitted Transferee” means any A/N Party or Liberty Party who has become a
holder of record or beneficial owner of Company Equity in accordance with the provisions of Section 4.5 or Section 4.6 of the Stockholders Agreement or the LLC Agreement, as applicable. 

“Person” means any natural person, corporation, partnership, limited liability company, joint venture, association, joint-stock company,
trust, foundation, unincorporated organization or government or other agency or political subdivision thereof. 
 “Piggyback Registration”
has the meaning set forth in Section 4(a). 
 “Piggyback Shelf Registration Statement” has the meaning set forth in
Section 4(a). 
 “Piggyback Shelf Takedown” has the meaning set forth in Section 4(a). 

“Pledge” means (i) a pledge of Registrable Securities to a Hedging Counterparty or (ii) a pledge of Registrable Securities, Class B
Common Units or Preferred Units issued on the date hereof to a lender in connection with a secured loan, in each case in accordance with Section 4.6(c) of the Stockholders Agreement. 

  
 -4- 

 “Preferred Transferee” means a holder of record of Transferred Preferred Units. 

“Preferred Units” means the convertible preferred units of Charter Holdings to be issued to A/N at the Closing. 

“Prospectus” means the prospectus or prospectuses (whether preliminary or final) included in any Registration Statement and relating to
Registrable Securities or Shelf Registrable Securities, as amended or supplemented, and including all material incorporated by reference in such prospectus or prospectuses. 

“Registrable Securities” means, at any time, any shares of Class A Common Stock (i) held of record or beneficially by any Investor
Holder which were issued to any Liberty Holder on the date hereof, (ii) issued or issuable to any Investor Holder upon the conversion and/or exchange, as applicable, of any Preferred Units or Class B Common Units issued to any A/N Holder on the
date hereof or (iii) issued or issuable by way of a stock dividend or stock split or in exchange for or upon conversion of shares or units referred to in clause (i) or (ii); provided, however, that as to any particular
Registrable Securities, such securities shall cease to constitute Registrable Securities when (x) such securities are sold pursuant to an effective Registration Statement or pursuant to Rule 144, (y) such securities cease to be outstanding
or (z) such securities shall have been otherwise transferred and, following such transfer, such securities may be sold pursuant to Rule 144 without any volume limitations. 

“Registration” means any Demand Registration, Exchangeable Security Shelf Registration, Shelf Registration or Piggyback Registration. 

“Registration Expenses” has the meaning set forth in Section 9(a). 

“Registration Request” means a Demand Registration Request, an Exchangeable Security Shelf Registration Request or a Shelf Registration
Request. 
 “Registration Statement” means any registration statement of the Company under the Securities Act which covers any of the
Registrable Securities or Shelf Registrable Securities pursuant to the provisions of this Agreement, including any Prospectus, all amendments and supplements to such Registration Statement or Prospectus, including post-effective amendments, all
exhibits and all documents incorporated by reference in such Registration Statement. 
 “Requesting Holder” has the meaning set forth in
Section 4(c). 
 “Rule 144” means Rule 144 under the Securities Act or any successor rule thereto. 

“SEC” means the Securities and Exchange Commission or any successor agency administering the Securities Act and the Exchange Act at the time.

 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 

“Selling Expenses” means all underwriting discounts, commissions and transfer taxes applicable to the sale of Registrable Securities. 

  
 -5- 

 “Selling Holder Questionnaire” means a selling stockholder questionnaire, in form and content
reasonably acceptable to the Company, completed and signed by a Selling Holder. 
 “Selling Holders” means, following and with respect to
any Shelf Registration Trigger Event, (a) if the applicable Shelf Underlying Transaction is an Exchangeable Private Placement, the Exchangeable Holders of the Exchangeable Securities sold in such Exchangeable Private Placement, (b) if the
applicable Shelf Underlying Transaction is a Pledge, the lenders or Hedging Counterparty in favor of whom the Pledge is made, (c) if the applicable Shelf Underlying Transaction is a Hedging Transaction, the Hedging Counterparty to such Hedging
Transaction, and (d) if the applicable Shelf Underlying Transaction is a private placement of Preferred Units, the record and beneficial holders of Preferred Units sold in such private placement. 

“Selling Holders Information” has the meaning set forth in Section 2(b)(i). 

“Shelf Period” has the meaning set forth in Section 2(b)(ii). 

“Shelf Registrable Securities” means, at any time, any shares of Class A Common Stock (a) delivered or deliverable to an Exchange
Holder upon the exchange of Exchangeable Securities, (b) delivered or deliverable to a lender or Hedging Counterparty upon foreclosure of a Pledge, (c) delivered to a Hedging Counterparty upon settlement or unwinding of a Hedging
Transaction, (d) sold short by a Hedging Counterparty to establish its hedge under a Hedging Transaction or (e) to a Preferred Transferee upon conversion of Preferred Units by such Preferred Transferee, in each case of clauses (a),
(b) and (c), which shares are Registrable Securities immediately prior to such delivery, and in case of clause (d), the shares used to close out the Hedging Counterparty’s stock borrowing may be Registrable Securities. 

“Shelf Registration” has the meaning set forth in Section 2(b)(i). 

“Shelf Registration Request” has the meaning set forth in Section 2(b)(ii). 

“Shelf Registration Statement” means a registration statement of the Company under the Securities Act filed with the SEC on Form S-3 (or the
then-appropriate form or any successor form under the Securities Act) providing for an offering of Shelf Registrable Securities to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (or any similar rule that may
be adopted by the SEC). 
 “Shelf Registration Trigger Event” means the occurrence of any of the following during the term of this
Agreement: (a) the first date on which any Preferred Units are converted into Class A Common Stock by a Preferred Transferee, (b) 30 days prior to the expected entrance by an Investor Holder into a loan or Hedging Transaction that is
secured by a Pledge, (c) thirty (30) days prior to the first date on which any Exchangeable Securities become eligible to be exchanged for Registrable Securities, (d) 30 days prior to the expected settlement or unwinding of a Hedging
Transaction in which the Hedging Counterparty is expected to receive Registrable Securities from an Investor Holder or (e) 30 days prior to the expected entrance by an Investor Holder into a Hedging Transaction pursuant to which it is expected
that the Hedging Counterparty will need to sell short an amount of shares of Class A Common Stock to establish its hedge which is in excess of the amount permitted under Rule 144. 

  
 -6- 

 “Shelf Underlying Transaction” means, with respect to any Shelf Registration Trigger Event, the
Exchangeable Private Placement, the Pledge (including any loan or Hedging Transaction that is secured by a Pledge), the Hedging Transaction or the offering of Preferred Units to which such Shelf Registration Trigger Event relates. 

“Specified Documents” has the meaning set forth in the LLC Agreement. 

“Stockholders Agreement” has the meaning set forth in the Recitals. 

“Suspension” has the meaning set forth in Section 6. 

“Transfer” means, when used as a noun, any direct or indirect, voluntary or involuntary, sale, disposition, hypothecation, mortgage, gift,
pledge, assignment, attachment or other transfer (including the creation of any derivative or synthetic interest, including a participation or other similar interest) and, when used as a verb, voluntarily to directly or indirectly sell, dispose,
hypothecate, mortgage, gift, pledge, assign, attach or otherwise transfer, in any case, whether by operation of law or otherwise. 
 “Transferred
Preferred Units” means any Preferred Units Transferred (other than by means of an Exchangeable Private Placement, Pledge or Hedging Transaction) by an A/N Holder to a non-A/N Holder in accordance with Section 4.6 of the Stockholders
Agreement and the LLC Agreement. 
 “underwritten offering” means a registered offering of securities conducted by one or more underwriters
pursuant to the terms of an underwriting agreement. 
 (b) In addition to the above definitions, unless the context requires otherwise: 

(i) any reference to any statute, regulation, rule or form as of any time shall mean such statute, regulation, rule or form as
amended or modified and shall also include any successor statute, regulation, rule or form, as amended, from time to time; 

(ii) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”, in each case notwithstanding the absence of any express statement to such effect, or the presence of such express statement in some contexts and not in others; 

(iii) references to “Section” are references to Sections of this Agreement; 

(iv) words such as “herein”, “hereof”, “hereinafter” and “hereby” when used in this
Agreement refer to this Agreement as a whole; and 
 (v) references to “dollars” and “$” mean U.S.
dollars. 
 Section 2. Demand Registrations; Shelf Registrations; Exchangeable Private Placement. 

  
 -7- 

 (a) Right to Demand Registrations. Subject to the provisions of this Agreement, at any
time after the first anniversary of the Closing Date in the case of an A/N Holder and at any time after the Closing Date in the case of a Liberty Holder, any A/N Holder or any Liberty Holder may, by providing written notice to the Company, request
to sell all or part of its Registrable Securities pursuant to a Registration Statement (a “Demand Registration”). Each request for a Demand Registration (a “Demand Registration Request”) shall specify the number of
Registrable Securities intended to be offered and sold by such Investor Holder pursuant to the Demand Registration and the intended method of distribution thereof, including whether it is intended to be an underwritten offering. Promptly (but in any
event within three (3) business days) after receipt of a Demand Registration Request, the Company shall give written notice of the Demand Registration Request to the other Investor Holders. Subject to the provisions of this Agreement, after
receipt of a Demand Registration Request, the Company shall, to the extent permitted by applicable law, cause to be included in a Registration Statement, which shall be filed with the SEC as promptly as practicable and no later than (I) twenty
(20) business days after receipt of a Demand Registration Request if the Company is eligible to file a Registration Statement on Form S-3 (or any similar short form or any successor form under the Securities Act) or (II) forty
(40) business days after receipt of a Demand Registration Request if the Company is not eligible to file a Registration Statement on Form S-3 (or any similar short form or any successor form under the Securities Act), all Registrable Securities
that (i) have been requested to be registered in the Demand Registration Request and (ii) are subject to Section 4, with respect to which the Company has received a written request for inclusion in the Demand Registration from
an Investor Holder no later than five (5) business days after the date on which the Company has given notice to the other Investor Holders of the Demand Registration Request. The Company shall use its reasonable best efforts to cause the
Registration Statement filed pursuant to this Section 2(a) to be declared effective by the SEC or otherwise become effective under the Securities Act as promptly as reasonably practicable after the filing thereof. A Demand Registration
shall be effected by way of a Registration Statement on Form S-3 or any similar short-form or successor form to the extent the Company is permitted to use such form at such time, and may be effected through an existing registration statement that is
already effective under the Securities Act, or through a post-effective amendment or supplement to any such Registration Statement or other registration statement. 

(b) Right to Shelf Registrations 

(i) In Connection with an Exchangeable Private Placement. After the first anniversary of the Closing Date in the case of
an A/N Holder and after August 31, 2016 in the case of a Liberty Holder, at any time following the occurrence of a Shelf Registration Trigger Event relating to an Exchangeable Private Placement, the Investor Holder that effected the
Exchangeable Private Placement may, by providing written notice to the Company, request that the corresponding Selling Holders be able to sell all or part of their Shelf Registrable Securities delivered or deliverable under the terms of such
Exchangeable Private Placement pursuant to a Shelf Registration Statement (an “Exchangeable Security Shelf Registration Request”) for a secondary offering to be made on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act or any successor rule thereto (a “Shelf Registration”). Each Exchangeable Security Shelf Registration Request shall specify the number of Shelf Registrable Securities to be registered on the Shelf Registration
Statement. A Selling Holder shall not be named in such Shelf Registration 

  
 -8- 

 
Statement unless and until the Company has received a fully completed and executed Selling Holder Questionnaire for such Selling Holder. Subject to the provisions of this Agreement, after receipt
of an Exchangeable Security Shelf Registration Request, if the Company is then eligible to file a Shelf Registration Statement, the Company shall, to the extent permitted by applicable law, as promptly as practicable and no later than twenty
(20) business days after receipt of such Exchangeable Security Shelf Registration Request file with the SEC a new Shelf Registration Statement or amend or renew an existing or expiring shelf registration statement, at the Company’s option,
to effectuate such Shelf Registration. If permitted under the Securities Act, such Shelf Registration Statement shall be an “automatic shelf registration statement” as defined in Rule 405 under the Securities Act. The Company shall use its
reasonable best efforts to cause such Shelf Registration Statement to be declared effective by the SEC or otherwise become effective under the Securities Act as promptly as practicable after the filing thereof. The Company shall use its reasonable
best efforts to keep such Shelf Registration Statement continuously effective under the Securities Act in order to permit the Prospectus forming a part thereof to be usable by such Selling Holders until the earlier of (A) one (1) year
after the Shelf Registration Statement is first declared effective, (B) the date as of which all of the Registrable Securities covered by such Shelf Registration Statement shall have been sold pursuant to such Shelf Registration Statement and
(C) the date as of which each of the Selling Holders is permitted to sell its Registrable Securities without registration pursuant to Rule 144 under the Securities Act without volume limitations or other restrictions on transfer thereunder
(such period of effectiveness, an “Exchangeable Security Shelf Period”). An Exchangeable Security Shelf Period shall be extended by the number of days of any Suspension that occurs during such Exchangeable Security Shelf Period. A
Shelf Registration pursuant to this Section 2(b)(i) shall not be an underwritten offering. As a condition to being named as a selling stockholder in the Prospectus included in a Shelf Registration Statement, each Selling Holder will be
required to agree to be bound by the obligations applicable to a Holder set forth in Section 8 and Sections 10(b) through (e). All actions on behalf of the Selling Holders shall be coordinated and communicated to the
Company by, and proceed through, the applicable Investor Holder. 
 (ii) In Connection with Other Shelf Underlying
Transactions. After the first anniversary of the Closing Date in the case of an A/N Holder and after August 31, 2016 in the case of a Liberty Holder, at any time following the occurrence of a Shelf Registration Trigger Event (other than an
Exchangeable Private Placement), the Investor Holder that effected the Shelf Underlying Transaction related to such Shelf Registration Trigger Event may, by providing written notice to the Company, request that the corresponding Selling Holders be
able to sell all or part of their Shelf Registrable Securities delivered or deliverable under the terms of such Shelf Underlying Transaction pursuant to a Shelf Registration Statement (a “Shelf Registration Request”) for a secondary
offering to be made on a delayed or continuous basis pursuant to a Shelf Registration. Each Shelf Registration Request shall specify the number of Shelf Registrable Securities to be registered and the names of each such Selling Holders and shall be
accompanied by fully completed and executed Selling Holder Questionnaires for each such Selling Holders (such information and Selling Holder Questionnaires, the “Selling Holders Information”). Subject to the provisions of this
Agreement, after receipt of a Shelf Registration Request and all of the Selling Holders Information, if the Company is then eligible to file a Shelf Registration 

  
 -9- 

 
Statement, the Company shall, to the extent permitted by applicable law, as promptly as practicable and no later than twenty (20) business days after receipt of such Shelf Registration
Request and all of the Selling Holders Information file, with the SEC a new Shelf Registration Statement or amend or renew an existing or expiring shelf registration statement, at the Company’s option, to effectuate such Shelf Registration. If
permitted under the Securities Act, such Shelf Registration Statement shall be an “automatic shelf registration statement” as defined in Rule 405 under the Securities Act. The Company shall use its reasonable best efforts to cause such
Shelf Registration Statement to be declared effective by the SEC or otherwise become effective under the Securities Act as promptly as practicable after the filing thereof. The Company shall use its reasonable best efforts to keep such Shelf
Registration Statement continuously effective under the Securities Act in order to permit the Prospectus forming a part thereof to be usable by such Selling Holders until the earlier of (A) (x) in the case of a Shelf Registration under
which Registrable Securities are Subject to a Pledge, the date that is one (1) year after all of the Shelf Registrable Securities covered by such Shelf Registration Statement have been foreclosed upon or, if earlier, the date the applicable
Pledge (and any replacement thereof) has terminated, (y) in the case of a Shelf Registration covering Shelf Registrable Securities described in clause (d) of the definition thereof, the date that is sixty (60) days after the Shelf
Registration Statement is first deemed effective, and (z) in the case of any other Shelf Registration Statement the date that is one (1) year after the Shelf Registration is first deemed effective, (B) the date as of which all of the
Registrable Securities covered by such Shelf Registration Statement shall have been sold pursuant to such Shelf Registration Statement and (C) the date as of which each of the Selling Holders is permitted to sell its Registrable Securities
without registration pursuant to Rule 144 under the Securities Act without volume limitations or other restrictions on transfer thereunder (such period of effectiveness, a “Shelf Period”). A Shelf Period shall be extended by the
number of days of any Suspension that occurs during such Shelf Period. A Shelf Registration pursuant to this Section 2(b)(ii) shall not be an underwritten offering (although Selling Holders may be described as “underwriters” in
the Shelf Registration Statement to the extent required by applicable law). As a condition to being named as a selling stockholder in the Prospectus included in a Shelf Registration Statement, each Selling Holder will be required to agree to be
bound by the obligations applicable to a Holder set forth in Section 8 and Sections 10(b) through (e). All actions on behalf of the Selling Holders shall be coordinated and communicated to the Company by, and proceed
through, the applicable Investor Holder. 
 (ii) Reimbursement. Notwithstanding anything herein to the contrary, if
the Company is requested to effect a Shelf Registration following a Shelf Registration Trigger Event, but the expected event in anticipation of which the Shelf Registration Triggering Event was triggered does not occur, the Investor Holder that made
such request shall promptly reimburse the Company for all Registration Expenses incurred by the Company in relation thereto. 
 (c)
Number of Registrations and Other Requirements. 
 (i) Notwithstanding anything herein to the contrary, but subject to
clause (iv) below, each of (x) the A/N Holders and (y) the Liberty Holders shall only be entitled to 

  
 -10- 

 
request up to two (2) Registrations per Investor Holder during any twelve (12) month period (it being understood that the number of Registrations during any twelve-month period that
each Investor Holder is entitled to shall be reduced by one for each Exchangeable Private Placement by such Investor Holder that occurs in such twelve (12) month period). 

(ii) Notwithstanding anything herein to the contrary, the Company shall not be required to effect a Registration unless the
expected aggregate gross proceeds from the offering of the Registrable Securities to be registered in connection with such Registration are at least $500 million, in the case of a Registration initiated by a Liberty Holder prior to the first
anniversary of the Closing Date, or at least $250 million otherwise. 
 (iii) The Company shall be deemed to have effected a
Demand Registration if the related Registration Statement is or has become effective and remains effective for not less than (A) one hundred twenty (120) days plus (B) such additional number of days, if any, equal to the number of
days in any Suspension (or such shorter period as shall terminate when 80% of the Registrable Securities covered by such Registration Statement have been sold, or a majority of such Registrable Securities have been withdrawn, by the applicable
Investor Holder(s)) (the applicable period, the “Demand Period”). No Demand Registration shall be deemed to have been effected if during the Demand Period such Registration is interfered with by any stop order, injunction or other
order or requirement of the SEC or other governmental agency or court. 
 (iv) The Company acknowledges that a Liberty Holder
may seek to enter into one or more Hedging Transactions with a Hedging Counterparty during the first twelve (12) months after the Closing Date, in each case to the extent permitted by the Stockholders Agreement. Only in connection with such a
permitted Hedging Transaction, a Liberty Holder shall be entitled to request one (1) additional Registration, on the terms set forth in Section 2(b), during the first six (6) month period commencing on the Closing Date (or
during the first twelve (12) month period commencing on the Closing Date if the Company is not then in compliance with the current public information requirements of Rule 144(c)) for registration of the Shelf Registrable Securities related to
such Hedging Transaction to the extent permitted by applicable law (the “Additional Liberty Registration”); provided, that (A) the offering and sale pursuant to the Additional Liberty Registration shall not be effected
by way of an underwritten offering; (B) the Company shall not be obliged to participate in, pay for or make management of the Company available for any “road show” presentation or other marketing activities in connection with any
offer and sale of securities pursuant to the Additional Liberty Registration and (C) the Company shall not be required to effect the Additional Liberty Registration unless the expected aggregate gross proceeds to the Liberty Holder from the
permitted Hedging Transaction is at least $500 million. 
 (d) Withdrawal. A Holder may, by written notice to the Company, withdraw
its Registrable Securities from a Demand Registration or Shelf Registrable Securities from a Shelf Registration at any time prior to the effectiveness of the applicable Registration Statement. Upon receipt of notices from all applicable Holders to
such effect, the Company shall cease all efforts to seek effectiveness of the applicable Registration Statement, unless the Company intends to effect a primary offering of securities pursuant to such Registration Statement. 

  
 -11- 

 (e) Selection of Underwriters. If a Demand Registration is an underwritten offering, the
Investor Holder requesting such Demand Registration shall have the right to select one or more of the investment banking firm(s) set forth on Exhibit B hereto to act as the managing underwriter(s) in connection with such offering, subject to
the written approval of (i) the other Investor Holders if such other Investor Holders have requested to participate in such Demand Registration (which approval shall not be unreasonably withheld, conditioned or delayed) and (ii) the
Company (which approval shall not be unreasonably withheld, conditioned or delayed). 
 (f) Exchangeable Private Placement. In
connection with an Exchangeable Private Placement in which the aggregate gross proceeds from such private placement to the Investor Holder are at least $500 million prior to the first anniversary of the Closing Date ($250 million after the first
anniversary of the Closing Date) , the Company shall make senior management of the Company available, to the extent requested by such Investor Holder and the initial purchasers (an “Exchangeable Private Placement Request”), to
reasonably assist in the marketing of the Exchangeable Securities to be sold in such Exchangeable Private Placement, to the same extent as would be required under Section 7(k) in connection with a Demand Registration; provided
that the Investor Holder may request that the Company make senior management available for participation in “road show” presentations pursuant to Section 7(s). 

Section 3. Inclusion of Other Securities; Priority. The Company shall not include in any Demand Registration any securities which
are not Registrable Securities without the prior written consent of the Investor Holder(s) of the Registrable Securities participating in such Demand Registration (such consent not to be unreasonably withheld, conditioned or delayed). If a Demand
Registration involves an underwritten offering and the managing underwriters of such offering advise the Company and the Investor Holders in writing that, in their opinion, the number of shares of Class A Common Stock proposed to be included in
such Demand Registration, including all Registrable Securities and all other shares of Class A Common Stock proposed to be included in such offering, exceeds the number of shares of Class A Common Stock which can reasonably be expected to
be sold in such offering without adversely affecting the success of the offering (including the price, timing or distribution of the securities to be sold in such offering), the Company shall include in such Demand Registration:
(i) first, the shares of Class A Common Stock proposed to be sold by the Investor Holders of Registrable Securities in such offering; and (ii) second, the shares of Class A Common Stock proposed to be included
therein by any other Persons (including shares of Class A Common Stock to be sold for the account of the Company and/or other holders of Class A Common Stock), allocated among such Persons in such manner as the Company may determine. If
more than one Investor Holder is participating in such Demand Registration and the managing underwriters of such offering determine that less than all of the Registrable Securities proposed to be sold by the participating Investor Holders can be
included in such offering without reasonably being expected to adversely affect the success of the offering (including the price, timing or distribution of the securities to be sold in such offering), then the Registrable Securities that are
included in such offering shall be allocated pro rata among the participating Investor Holders on the basis of the number of Registrable Securities initially requested to be sold by each such Investor Holder. 

  
 -12- 

 Section 4. Piggyback Registrations. 

(a) Whenever the Company proposes to register the offering or sale of any shares of Class A Common Stock under the Securities Act (other
than a registration (i) pursuant to a registration statement on Form S-8 (or other registration solely relating to an offering or sale to employees or directors of the Company pursuant to any employee stock plan or other employee benefit
arrangement), (ii) pursuant to a registration statement on Form S-4 (or similar form that relates to a transaction subject to Rule 145 under the Securities Act or any successor rule thereto), (iii) pursuant to a registration in which the
Company is offering to exchange its own securities for other securities, (iv) pursuant to a registration statement for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act or any successor rule
thereto without an actual concurrent sale thereunder or (v) a registration in connection with any dividend or distribution reinvestment or similar plan), whether for its own account or for the account of one or more stockholders of the Company
(a “Piggyback Registration”), the Company shall give prompt written notice to each Investor Holder of its intention to effect such a registration (but in any event within ten (10) days after the date the applicable registration
statement is initially filed) and, subject to Section 4(b) and Section 4(c), shall include in such registration statement and in any offering of shares of Class A Common Stock to be made pursuant to such registration
statement that number of Registrable Securities requested to be sold in such offering by such Investor Holder for the account of such Investor Holder; provided that the Company has received a written request for inclusion therein from such
Investor Holder no later than five (5) business days after the date on which the Company has given notice of the Piggyback Registration to such Investor Holder; provided, further, that the Company shall be obligated to include an
Investor Holder’s Registrable Securities pursuant to a Piggyback Registration only to the extent that the expected aggregate gross proceeds from the offering of such Registrable Securities constitute at least $100 million. The Company may
terminate, delay or withdraw a Piggyback Registration prior to the effectiveness of such registration at any time in its sole discretion and, thereupon, (x) in the case of a determination to terminate or withdraw any registration, the Company
shall be relieved of its obligation to register any Registrable Securities under this Section 4 in connection with such registration and (y) in the case of a determination to delay registration, the Company shall be permitted to
delay registering any Registrable Securities under this Section 4 for the same period as the delay in registering the other equity securities covered by such registration. If a registration is effected by the Company pursuant to a
registration statement on Form S-3 or the then-appropriate form, for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act or any successor rule thereto (a “Piggyback Shelf Registration
Statement”), the Investor Holders shall be notified by the Company of and shall have the right, but not the obligation, to participate in any offering pursuant to such Piggyback Shelf Registration Statement (a “Piggyback Shelf
Takedown”), subject to the same limitations that are applicable to any Piggyback Registration as set forth above. 
 (b)
Priority on Primary Piggyback Registrations. If a Piggyback Registration or Piggyback Shelf Takedown is initiated as a primary underwritten offering on behalf of the Company and the managing underwriters of the offering advise the Company
that, in their opinion, the number of shares of Class A Common Stock proposed to be included in such offering, including all Registrable Securities and all other shares of Class A Common Stock proposed to be included in such offering,
exceeds the number of shares of Class A Common Stock which can reasonably be expected to be sold in such offering without adversely affecting the success of the offering 

  
 -13- 

 
(including the price, timing or distribution of the shares to be sold in such offering), the Company shall include in such Piggyback Registration or Piggyback Shelf Takedown:
(i) first, the shares of Class A Common Stock that the Company proposes to sell in such offering; and (ii) second, the shares of Class A Common Stock proposed to be included in such offering by any other Person
(including any Registrable Securities requested to be included therein by the Investor Holders), allocated pro rata among such Persons on the basis of the number of shares of Class A Common Stock (or other Registrable Securities) initially
requested to be sold by each such Person in such offering, up to the number, if any, that the managing underwriters determine can be included in the offering without reasonably being expected to adversely affect the success of the offering
(including the price, timing or distribution of the shares to be offered in such offering). 
 (c) Priority on Secondary Piggyback
Registrations. If a Piggyback Registration or a Piggyback Shelf Takedown is initiated as an underwritten offering on behalf of a holder of shares of Class A Common Stock to whom the Company has a contractual obligation to facilitate such
offering, and the managing underwriters of the offering advise the Company that, in their opinion, the number of shares of Class A Common Stock proposed to be included in such offering, including all Registrable Securities and all other shares
of Class A Common Stock requested to be included in such offering, exceeds the number of shares of Class A Common Stock which can reasonably be expected to be sold in such offering without adversely affecting the success of the offering
(including the price, timing or distribution of the shares to be sold in such offering), the Company shall include in such Piggyback Registration or Piggyback Shelf Takedown: (i) first, the shares of Class A Common Stock requested
to be included therein by each holder thereof having such right that has requested such registration (a “Requesting Holder”) up to the number that the managing underwriters determine can be included in the offering without
reasonably being expected to adversely affect the success of the offering (including the price, timing or distribution of the shares to be offered in such offering), allocated pro rata among the Requesting Holders on the basis of the number of
Registrable Securities initially requested to be sold by each Requesting Holder and (ii) second, any shares of Class A Common Stock to be included in such offering by stockholders other than the Requesting Holders and any shares of
Class A Common Stock proposed to be sold for the account of the Company in such offering up to the number, if any, that the managing underwriters determine can be included in the offering without reasonably being expected to adversely affect
the success of the offering (including the price, timing or distribution of the shares to be offered in such offering), allocated pro rata among such holders and the Company on the basis of the number of shares of Class A Common Stock initially
requested or proposed to be included in such offering by such holders and the Company (as applicable). 
 (d) Selection of
Underwriters. In any Piggyback Registration or Piggyback Shelf Takedown (other than one that is also a Demand Registration), including if initiated as a primary underwritten offering on behalf of the Company, the Company shall have the right to
select the investment banking firm(s) to act as the underwriters (including managing underwriter(s)) in connection with such offering. 

  
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 Section 5. Holdback Agreements. 

(a) Holders of Registrable Securities. Each Investor Holder agrees that in connection with any registered underwritten offering of
Class A Common Stock for the account of the Company or any other Investor Holder(s), and upon request from the managing underwriter(s) for such offering, such Investor Holder shall not, without the prior written consent of such managing
underwriter(s), during such period as is reasonably requested by the managing underwriter(s) (which period shall in no event be longer than ten (10) days prior to and ninety (90) days after the launch of such offering (such period, the
“Holdback Period”)), Transfer any Registrable Securities. The foregoing provisions of this Section 5(a) shall not apply to (i) offers or sales of Registrable Securities that are included in such underwritten
offering, (ii) a Transfer of Registrable Securities pursuant to the terms of an agreement, contract, security or other instrument entered into or issued by an Investor Holder prior to the Holdback Period; provided that the Company and
the managing underwriter(s) for such offering have received a copy of such agreement, contract, security or other instrument at least ten (10) days prior to the launch of such offering, and such agreement, contract, security or other instrument
is described in, or included as an exhibit to, the corresponding Registration Statement as and to the extent appropriate or (iii) a pledge of Registrable Securities to secure a loan, and shall in each case be applicable to the Investor Holder
only if, for so long as and to the extent that the Company, the directors and executive officers of the Company and each selling stockholder included in such offering are subject to the same restrictions. Each Investor Holder agrees to execute and
deliver such customary agreements as may be reasonably requested by the managing underwriter(s) that are consistent with the foregoing provisions of this Section 5(a) and are necessary to give further effect thereto. For the avoidance of
doubt, none of the restrictions set forth in this Section 5(a) shall apply to a conversion or exchange of any Class B Common Units or Preferred Units in accordance with their respective terms (it being understood that such restrictions
shall apply with respect to the underlying shares of Class A Common Stock that may be issued upon such conversion or exchange). 
 (b)
The Company. The Company shall not effect any sale registered under the Securities Act or other public distribution of its equity securities, or of any securities convertible into, exercisable for or exchangeable for its equity securities,
during the period commencing ten (10) days prior to and ending ninety (90) days after the launch of an underwritten offering pursuant to Section 2, other than a sale and/or registration (i) pursuant to a Registration
Statement on Form S-8 (or other registration solely relating to an offering or sale to employees or directors of the Company pursuant to any employee stock plan or other employee benefit arrangement), (ii) pursuant to a Registration Statement
on Form S-4 (or similar form that relates to a transaction subject to Rule 145 under the Securities Act or any successor rule thereto), (iii) pursuant to a registration in which the Company is offering to exchange its own securities for other
securities or (iv) in connection with any dividend or distribution reinvestment or similar plan. The Company agrees to execute and deliver such customary agreements as may be reasonably requested by the managing underwriter(s) that are
consistent with the foregoing provisions of this Section 5(a) and are necessary to give further effect thereto. 

Section 6. Suspensions. Upon giving no less than three (3) days’ prior written notice to A/N and Liberty (such notice
shall be deemed given to any and all Investor Holders and Selling Holders), the Company shall be entitled to delay or suspend the preparation, furnishing, filing, effectiveness or use of a Registration Statement or Prospectus or any offer or sale
pursuant thereto (a “Suspension”) if the board of directors of the Company (excluding any director who 

  
 -15- 

 
was designated for nomination by A/N, if any A/N Holder is initiating or initiated the registration or offering that is proposed to be delayed or suspended, and excluding any director who was
designated for nomination by Liberty, if any Liberty Holder is initiating or initiated the registration or offering that is proposed to be delayed or suspended) determines in its good faith judgment that (i) proceeding with the filing,
effectiveness or use of such Registration Statement or Prospectus would reasonably be expected to require the Company to disclose any information, the disclosure of which would have an adverse effect on the Company, and that the Company would not
otherwise be required to disclose at such time or (ii) the registration or offering proposed to be delayed or suspended would reasonably be expected to, if not delayed or suspended, have an adverse effect on any transaction, negotiation or plan
of the Company to effect a merger, acquisition, disposition, financing, reorganization, recapitalization or other similar transaction. Each Investor Holder who is notified by the Company of a Suspension pursuant to this Section 6, and
each other Holder who is deemed notified or notified by the applicable Investor Holder of a Suspension pursuant to this Section 6, shall keep the existence of such Suspension confidential and shall immediately discontinue (and direct any
other Person making offers or sales of Registrable Securities on behalf of such Holder to immediately discontinue) offers and sales of Registrable Securities pursuant to such Prospectus until such time as it is advised in writing by the Company that
the use of the Prospectus may be resumed and, if applicable, is furnished by the Company with a supplemented or amended Prospectus as contemplated by Section 7(g). If the Company delays or suspends a Registration, the Investor Holder
that initiated such Registration shall be entitled, prior to the time of the effectiveness of the related Registration Statement, to withdraw its Registration Request and, if it does so, such Registration Request shall not count against the
limitation on the number of such Investor Holder’s Registrations set forth in Section 2(b). Without limiting the foregoing, the Investor Holders shall give notice of a Suspension to the applicable Selling Holders as promptly as
practicable after receiving notice of a Suspension from the Company. 
 Section 7. Registration Procedures. Subject to the terms
of this Agreement, if and whenever the Company is required to effect the registration of any Registrable Securities or Shelf Registrable Securities pursuant to this Agreement, the Company shall use its reasonable best efforts to effect the
registration to permit the offering and sale of such Registrable Securities or Shelf Registrable Securities in accordance with the intended method of disposition thereof as promptly as is reasonably practicable and, pursuant thereto, the Company
shall: 
 (a) prepare and file with the SEC a Registration Statement with respect to such Registrable Securities or Shelf Registrable
Securities, make all required filings required in connection therewith and (if the Registration Statement is not automatically effective upon filing) use its reasonable best efforts to cause such Registration Statement to become effective;
provided that before filing a Registration Statement or any amendments or supplements thereto, the Company shall furnish to counsel to the Investor Holders participating in such registration copies of all such documents proposed to be filed,
and give the Investor Holders participating in such registration an opportunity to comment on such documents and keep such Investor Holders reasonably informed as to the registration process; 

(b) use its reasonable best efforts to prepare and file with the SEC such amendments and supplements to any Registration Statement and the
Prospectus used in connection therewith as may be necessary to keep such Registration Statement effective in order to permit the offering and sale of such Registrable Securities or Shelf Registrable Securities in accordance with the intended method
of disposition thereof; 

  
 -16- 

 (c) furnish to each Investor Holder participating in the registration, without charge, such
number of copies of the Prospectus included in such Registration Statement (including each preliminary Prospectus) and any supplement thereto (in each case including all exhibits thereto and all documents incorporated by reference therein) and such
other documents as such Investor Holder may reasonably request, including in order to facilitate the disposition of the Registrable Securities or Shelf Registrable Securities owned by such Investor Holder or Selling Holders; 

(d) use its reasonable best efforts to register or qualify such Registrable Securities or Shelf Registrable Securities under such other
securities or blue sky laws of such jurisdiction(s) as any Investor Holder participating in the registration or any managing underwriter reasonably requests and do any and all other acts and things that may be necessary or reasonably advisable to
enable such Holder and each underwriter, if any, to consummate the disposition of such Holder’s Registrable Securities or Shelf Registrable Securities in such jurisdiction(s); provided that the Company shall not be required to qualify
generally to do business, subject itself to taxation or consent to general service of process in any jurisdiction where it would not otherwise be required to do so but for its obligations pursuant to this Section 7(d); 

(e) use its reasonable best efforts to cause all Registrable Securities or Shelf Registrable Securities covered by any Registration Statement
to be registered with or approved by such other Governmental Entities or self-regulatory bodies as may be necessary in light of the business and operations of the Company to enable each Holder participating in the registration to consummate the
disposition of such Registrable Securities or Shelf Registrable Securities in accordance with the intended method or methods of disposition thereof; 

(f) promptly notify each Investor Holder that initiated or is participating in the registration and the managing underwriters of any
underwritten offering: 
 (i) each time when the Registration Statement, any pre-effective amendment thereto, the Prospectus
or any Prospectus supplement or any post-effective amendment to the Registration Statement has been filed and, with respect to the Registration Statement or any post-effective amendment thereto, when the same has become effective; 

(ii) of any oral or written comments by the SEC or of any request by the SEC for amendments or supplements to the Registration
Statement or the Prospectus or for any additional information regarding such Holder or any Selling Holder; 
 (iii) of the
issuance by the SEC of any stop order suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceedings for any such purpose; and 

(iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable
Securities or Shelf Registrable Securities for sale under the applicable securities or blue sky laws of any jurisdiction; 

  
 -17- 

 (g) notify each Investor Holder that initiated or is participating in such Registration, at any
time when a Prospectus relating thereto is required to be delivered under the Securities Act, of the occurrence of any event that would cause the Prospectus included in such Registration Statement to contain an untrue statement of a material fact or
to omit any fact necessary to make the statements made therein not misleading in light of the circumstances under which they were made, and, as promptly as practicable, prepare, file with the SEC and furnish to such Investor Holder a reasonable
number of copies of a supplement or amendment to such Prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities or Shelf Registrable Securities, such Prospectus will not contain any untrue statement of a material
fact or omit to state any fact necessary to make the statements therein not misleading in light of the circumstances under which they were made; provided that any Investor Holder receiving information pursuant to this Section 7(g) shall
protect the confidentiality of, and not disclose, any information regarding the Company which the Company determines in good faith to be confidential and of which determination such Person is notified, unless such information (A) is or becomes
known to the public without a breach of this Agreement or any other agreement to which such Person is a party, (B) is or becomes available to such Person on a non-confidential basis from a source other than the Company, (C) is
independently developed by such Person, (D) is requested or required by a deposition, interrogatory, request for information or documents by a Governmental Entity, subpoena or similar process, or (E) is otherwise required to be disclosed
by applicable law (other than securities laws); 
 (h) in the event of the issuance of any stop order suspending the effectiveness of a
Registration Statement, of any order suspending or preventing the use of any related Prospectus or of any suspension of the qualification or exemption from qualification of any Registrable Securities or Shelf Registrable Securities for sale in any
jurisdiction, use its reasonable best efforts to promptly obtain the withdrawal or lifting of any such order or suspension; 
 (i) cause
such Registrable Securities or Shelf Registrable Securities to be listed on each securities exchange on which the Class A Common Stock is then listed; 

(j) provide a transfer agent and registrar (which may be the same entity) for all Registrable Securities or Shelf Registrable Securities
covered by the applicable Registration Statement not later than the effective date of such Registration Statement; 
 (k) make available
upon reasonable notice at reasonable times and for reasonable periods for inspection by any Investor Holder that initiated or is participating in the Registration, any underwriter participating in any underwritten offering pursuant to such
Registration Statement, and any attorney, accountant or other agent retained by any such Investor Holder or underwriter, all pertinent corporate documents, financial and other records relating to the Company and its business reasonably requested by
such Investor Holder or underwriter, and make senior management of the Company and request the Company’s independent accountants to make themselves available for customary due diligence sessions; provided that any Person receiving access
to information or personnel pursuant to this Section 7(k) shall (i) reasonably cooperate with the Company to limit any resulting disruption to the Company’s business and (ii) protect the confidentiality of, and not
disclose, any information regarding the Company which the Company determines in good faith to be confidential and of which determination such Person is notified, unless such information (A) is or becomes known to the public without a breach of
this Agreement 

  
 -18- 

 
or any other agreement to which such Person is a party, (B) is or becomes available to such Person on a non-confidential basis from a source other than the Company, (C) is independently
developed by such Person, (D) is requested or required by a deposition, interrogatory, request for information or documents by a Governmental Entity, subpoena or similar process, or (E) is otherwise required to be disclosed by applicable
law (other than securities laws); 
 (l) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of
the SEC, and make available to its stockholders, as soon as reasonably practicable, an earnings statement (in a form that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 under the Securities Act or any successor
rule thereto), which requirement shall be deemed satisfied if the Company timely files complete and accurate information on Forms 10-K, 10-Q and 8-K under the Exchange Act and otherwise complies with Rule 158 under the Securities Act or any
successor rule thereto; 
 (m) in the case of an underwritten offering of Registrable Securities in connection with a Demand Registration,
promptly incorporate in a supplement to the Prospectus or a post-effective amendment to the Registration Statement such information as is reasonably requested by the managing underwriter(s) and the Investor Holders participating in such underwritten
offering to be included therein relating to the plan of distribution with respect to such Registrable Securities and the purchase price for the securities to be paid by the underwriters, and promptly make all required filings of such supplement or
post-effective amendment after being notified of the matters to be incorporated in such supplement or post-effective amendment; 
 (n) in
the case of an offering of Shelf Registrable Securities in connection with an Exchangeable Security Private Placement, promptly incorporate in a supplement to the Prospectus, a filing incorporated by reference into the Prospectus or a post-effective
amendment to the Registration Statement the information for each Selling Holder set forth in its fully completed and executed Selling Holder Questionnaire delivered to the Company, and promptly make all required filings of such supplement, filing or
post-effective amendment after receipt of such Selling Holder Questionnaire; 
 (o) in the case of an underwritten offering of Registrable
Securities, enter into such customary agreements (including underwriting agreements in customary form) and take all such other customary actions as any Investor Holder participating in such offering or the managing underwriter(s) of such offering
reasonably requests in order to expedite or facilitate the disposition of such Registrable Securities; 
 (p) use reasonable best efforts to
make available to a Hedging Counterparty participating in an offering of Shelf Registrable Securities pursuant to such Registration Statement, upon reasonable notice, senior management of the Company, and request the Company’s independent
accountants to make themselves available, for customary due diligence sessions involving questions and answers regarding the Company’s business and financial condition; provided that such Hedging Counterparty shall
(i) cooperate with the Company to limit any resulting disruption to the Company’s business and (ii) protect the confidentiality of, and not disclose, any information regarding the Company that are provided by the Company or its
independent accountants, unless such information (A) is or becomes known to the public without a breach of this Agreement or any other agreement to which such Hedging Counterparty is a party, (B) is or becomes

  
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available to such Person on a non-confidential basis from a source other than the Company, (C) is independently developed by such Hedging Counterparty, (D) is requested or required by a
deposition, interrogatory, request for information or documents by a Governmental Entity, subpoena or similar process, or (E) is otherwise required to be disclosed by applicable law (other than securities laws); 

(q) in the case of an offering of Shelf Registrable Securities in connection with a Hedging Transaction, enter into an agreement, customary
for the type of such Hedging Transaction, with the Hedging Counterparty, in form and substance reasonably acceptable to the Company; provided, that any representations and warranties, covenants and indemnities shall be no more onerous to the Company
than those customarily included in underwriting agreements for secondary offerings of common stock by selling stockholders of the Company (or, if the Company has never entered into such an underwriting agreement, than in underwriting agreements
entered into with issuers of similar size and stature as the Company), and such agreement shall not require the delivery of opinions of counsel or cold comfort letters except to the extent set forth in Section 7(r); 

(r) use reasonable best efforts to (i) furnish to each Investor Holder, each underwriter, if any, and each Hedging Counterparty in each
case participating in an offering of Registrable Securities or Shelf Registrable Securities: (A) an opinion or opinions from counsel for the Company dated the effective date of the Registration Statement or, in the event of an underwritten
offering, the date of the closing under the underwriting agreement, in each case in customary form, scope and substance, (B) in the case of an underwritten offering of Registrable Securities, a cold comfort letter from the Company’s
independent certified public accountants in customary form covering such matters of the type customarily covered by cold comfort letters as the managing underwriter reasonably requests, dated the date of execution of the underwriting agreement and
brought down to the closing under the underwriting agreement and (C) in the case of an offering of Shelf Registrable Securities in connection with a Hedging Transaction, a cold comfort letter from the Company’s independent certified public
accountants in form and contented permitted by the applicable rules of the AICPA and reasonably requested by the Hedging Counterparty, as of such date or dates as may be reasonably requested by such Hedging Counterparty and permitted by the rules of
the AICPA and (ii) obtain all consents of the Company’s independent certified public accountants required to be included in the Registration Statement; 

(s) in the case of an underwritten offering of Registrable Securities or an Exchangeable Private Placement, make senior management of the
Company available, to the extent requested by the managing underwriter(s) or the applicable Investor Holder, respectively, to participate in “road show” presentations in connection with the marketing of the Registrable Securities to be
sold in such underwritten offering; provided, that the Company shall only be obligated to make senior management available for participation in “road show” presentations for no more than two (2) such offerings initiated by the
Holders during any twelve-month period and the Investor Holder who requested the first “road show” presentation during any twelve-month period cannot request the second “road show” presentation without the prior written consent
of the other Investor Holder; provided, further, that the Company shall only be required to make senior management available for participation in the second “road show” during any such twelve (12) month period if the
expected aggregate gross proceeds from the underwritten offering in connection with the second “road show” are at least $500 million; 

  
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 (t) if the Registrable Securities or Shelf Registrable Securities are in certificated form,
cooperate with the Investor Holders of the Registrable Securities to facilitate the timely preparation and delivery of certificates representing the Registrable Securities or Shelf Registrable Securities to be sold pursuant to such Registration
Statement free of any restrictive legends and representing such number of shares of Class A Common Stock and registered in such names as the Investor Holders of the Registrable Securities or Shelf Registrable Securities may reasonably request a
reasonable period of time prior to sales of Registrable Securities or Shelf Registrable Securities pursuant to such Registration Statement; provided, that the Company may satisfy its obligations hereunder without issuing physical stock
certificates through the use of The Depository Trust Company’s Direct Registration System or other customary book-entry system; 
 (u)
not later than the effective date of such Registration Statement, provide a CUSIP number for all Registrable Securities or Shelf Registrable Securities covered thereby and, if the Registrable Securities are in certificated form, provide the
applicable transfer agent with printed certificates for the Registrable Securities in a form eligible for deposit with The Depository Trust Company; provided that the Company may satisfy its obligations hereunder without issuing physical
stock certificates through the use of The Depository Trust Company’s Direct Registration System or other customary book-entry system; and 

(v) otherwise use its reasonable best efforts to take or cause to be taken all other actions necessary or reasonably advisable to effect the
registration of such Registrable Securities or Shelf Registrable Securities contemplated by this Agreement. Except as expressly set forth in this Agreement, the Company shall not be required to communicate or otherwise interact with any Selling
Holders, and all communications between the Company and the Selling Holders shall be facilitated by the applicable Investor Holders. 

Section 8. Participation in Registrations and Underwritten Offerings. The Company may require each Holder to furnish to the
Company such information regarding the distribution of such Registrable Securities or Shelf Registrable Securities by such Holder and such other information relating to such Holder and its ownership of Registrable Securities or Shelf Registrable
Securities as the Company may from time to time reasonably request in writing and the Company may exclude from such registration the Registrable Securities or Shelf Registrable Securities of any Holder who fails to furnish such information within a
reasonable time after receiving such request. Each Investor Holder agrees to furnish, or cause to be furnished (including by causing each Selling Holder participating in a Registration initiated by such Investor Holder to furnish), such information
to the Company and to cooperate with the Company as reasonably necessary to enable the Company to comply with the provisions of this Agreement. Each Investor Holder agrees (i) to notify the Company as promptly as practicable and (ii) to
require that any Selling Holder participating in a Registration initiated by such Investor Holder to notify such Investor Holder, and upon notification such Investor Holder will as promptly as practicable notify the Company, of any inaccuracy or
change in information previously furnished to the Company by such Holder or of the occurrence of any event that would cause the Prospectus included in such Registration Statement to contain an untrue statement of a material fact regarding such
Holder or the distribution of such Registrable Securities or Shelf Registrable Securities or to omit to state any material fact regarding such Holder or the distribution of such Registrable Securities or Shelf Registrable Securities required to be
stated therein or necessary to make the statements made therein not misleading in light of the circumstances under which they were made and to 

  
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furnish to the Company, as promptly as practicable, any additional information required to correct and update the information previously furnished by such Holder such that such Prospectus shall
not contain any untrue statement of a material fact regarding such Holder or the distribution of such Registrable Securities or Shelf Registrable Securities or omit to state a material fact regarding such Holder or the distribution of such
Registrable Securities or Shelf Registrable Securities necessary to make the statements therein not misleading in light of the circumstances under which they were made. No Selling Holder may be named as a selling holder in any Registration Statement
unless such Person agrees, upon the Company’s request, to be bound the preceding sentence as though it was an Investor Holder. No Person may participate in any underwritten offering pursuant to this Agreement unless such Person (i) agrees
to sell such Person’s securities on the basis provided in any underwriting arrangements in customary form approved by the Company and other Persons entitled under this Agreement to approve such arrangements and (ii) completes and executes
all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements; provided that no Holder included in any underwritten offering shall be
required to make any representations or warranties to the Company or the underwriters (other than representations and warranties regarding (A) such Holder’s ownership of its Registrable Securities to be sold in such offering, (B) such
Holder’s power and authority to effect such Transfer and (C) such matters pertaining to such Holder’s compliance with securities laws as may be reasonably requested by the managing underwriter(s)) or to undertake any indemnification
obligations to the Company with respect thereto, except to the extent otherwise provided in Section 10 hereof. 
 Section 9.
Registration Expenses. 
 (a) The Company shall pay directly or promptly reimburse all costs, fees and expenses incident to the
Company’s performance of or compliance with this Agreement, including (i) all SEC, FINRA and other registration and filing fees; (ii) all fees and expenses associated with filings to be made with, or the listing of any Registrable
Securities on, any securities exchange or over-the-counter trading market on which the Registrable Securities are to be listed or quoted; (iii) all fees and expenses of complying with any securities and blue sky laws (including fees and
disbursements of counsel for the Company in connection therewith); (iv) all printing, messenger, telephone and delivery expenses (including the cost of distributing Prospectuses in preliminary and final form as well as any supplements thereto);
(v) all expenses incurred in connection with any “road show” presentations that are required by this Agreement for underwritten offerings, including all costs of travel, lodging and meals; (vi) all fees of the Company’s
transfer agent and registrar; (vii) all fees and expenses of counsel to the Company; (viii) all fees and expenses of the Company’s independent public accountants (including any fees and expenses arising from any special audits or
“comfort letters”) and any other Persons retained by the Company in connection with or incident to any registration of Registrable Securities pursuant to this Agreement; and (ix) all reasonable fees and disbursements of underwriters
customarily paid by the issuers or sellers of securities (all such costs, fees and expenses, “Registration Expenses”). Notwithstanding anything in this Agreement to the contrary, Registration Expenses shall exclude any and all
Selling Expenses and the expenses and fees of any counsel engaged by any Holder or underwriter, except that Registration Expenses shall include the reasonable counsel fees and costs of one (1) counsel for all underwriters, which counsel shall
be selected by the Company and reasonably acceptable to such underwriters. Each Holder shall pay the fees and expenses of any counsel engaged by such Holder and shall bear its respective Selling Expenses associated with any sale of its Registrable
Securities pursuant to this Agreement. 

  
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 (b) The obligation of the Company to bear and pay the Registration Expenses shall apply
irrespective of whether a registration, once properly demanded or requested, becomes effective or is withdrawn or suspended; provided, that the Registration Expenses for any Registration Statement withdrawn solely at the request of one or
more Holder(s) (unless withdrawn following commencement of a Suspension) shall be borne by such Holder(s). 
 Section 10.
Indemnification; Contribution. 
 (a) The Company shall indemnify and hold harmless, to the fullest extent permitted by law, each
Holder, in its capacity as a holder of Registrable Securities or Shelf Registrable Securities, any Person who is or might be deemed to be a “controlling person” of a Holder or any of its subsidiaries within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act (each such Person, a “Holder Controlling Person”), their respective direct and indirect general and limited partners, advisory board members, directors, officers,
trustees, managers, members, employees, agents, Affiliates and shareholders, and each other Person, if any, who acts on behalf of or controls any such Holder or Holder Controlling Person (each of the foregoing, a “Covered Person”)
against any losses, claims, actions, damages, liabilities and expenses, joint or several, to which such Covered Person may become subject under the Securities Act, the Exchange Act, any state blue sky securities laws, or any equivalent non-U.S.
securities laws, insofar as such losses, claims, actions, damages, liabilities or expenses arise out of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in or incorporated by reference in any
Registration Statement, Prospectus, preliminary Prospectus, issuer free writing prospectus (as defined in Rule 405 under the Securities Act or any successor rule thereto) or any amendment thereof or supplement thereto or any document incorporated by
reference therein, (ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of a Prospectus, preliminary Prospectus, or any issuer free writing Prospectus in
light of the circumstances under which they were made) not misleading or (iii) any violation or alleged violation by the Company of the Securities Act or any other similar federal or state securities laws or any rule or regulation promulgated
thereunder applicable to the Company and relating to any action or inaction required of the Company in connection with any registration of securities, and the Company shall reimburse each Covered Person for any legal or other expenses reasonably
incurred by such Covered Person in connection with investigating or defending any such loss, claim, action, damage or liability; provided that the Company shall not be so liable in any such case to the extent that (i) any loss, claim,
action, damage, liability or expense arises out of or is based upon any such untrue statement or alleged untrue statement, or omission or alleged omission, made or incorporated by reference in any such Registration Statement, Prospectus, preliminary
Prospectus, free writing prospectus (as defined in Rule 405 under the Securities Act or any successor rule thereto) or any amendment thereof or supplement thereto or any document incorporated by reference therein in reliance upon, and in conformity
with, written information furnished to the Company by or on behalf of such Covered Person (including by any Investor Holder with respect to information about the Selling Holders) expressly for use therein, or (ii) with respect to any liability
of Selling Holders under Section 12 of the Securities Act, such Covered Person knew of such untruth or omission. This indemnity shall be in addition to any liability the Company may otherwise have. 

  
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 (b) In connection with any registration in which a Holder is participating, each such Holder
shall furnish to the Company in writing such information as the Company reasonably requests for use in connection with any such Registration Statement or Prospectus and shall indemnify and hold harmless, to the fullest extent permitted by law, the
Company, its directors, officers, employees, agents and any Person who is or might be deemed to be a “controlling person” of the Company or any of its subsidiaries within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act (each such Person, a “Company Controlling Person”) against any losses, claims, actions, damages, liabilities and expenses, joint or several, to which they or any of them may become subject under
the Securities Act, the Exchange Act, any state blue sky securities laws or any equivalent non-U.S. securities laws, insofar as such losses, claims, actions, damages, liabilities or expenses arise out of or are based upon (i) any untrue or
alleged untrue statement of a material fact contained in the Registration Statement, Prospectus, preliminary Prospectus, free writing prospectus (as defined in Rule 405 under the Securities Act or any successor rule thereto) or any amendment thereof
or supplement thereto, (ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of a Prospectus, preliminary Prospectus, or any free writing prospectus, in
light of the circumstances under which they were made) not misleading or (iii) the failure of such Holder to deliver a prospectus in accordance with the requirements of the Securities Act or Exchange Act, but, in the case of each of clauses
(i) and (ii), only to the extent that such untrue statement or alleged untrue statement, or omission or alleged omission, is made in such Registration Statement, Prospectus, preliminary Prospectus, free writing prospectus (as defined in Rule
405 under the Securities Act or any successor rule thereto) or any amendment thereof or supplement thereto in reliance upon, and in conformity with, written information furnished to the Company by or on behalf of such Holder expressly for use
therein, and such Holder shall reimburse the Company, its directors, officers, employees, agents and any Company Controlling Person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such
loss, claim, action, damage or liability; provided that the obligation to indemnify pursuant to this Section 10(b) shall be individual and several, not joint and several, for each Holder and shall not exceed an amount equal to the
gross proceeds (after deducting Selling Expenses) actually received by such Holder in the sale of Registrable Securities to which such Registration Statement or Prospectus relates. This indemnity shall be in addition to any liability which such
Holder may otherwise have. 
 (c) Any Person entitled to indemnification hereunder shall give prompt written notice to the indemnifying
party of any claim with respect to which it seeks indemnification; provided that any failure or delay to so notify the indemnifying party shall not relieve the indemnifying party of its obligations hereunder, except to the extent that the
indemnifying party is actually and materially prejudiced by reason of such failure or delay. In case a claim or an action that is subject or potentially subject to indemnification hereunder is brought against an indemnified party, the indemnifying
party shall be entitled to participate in and shall have the right, exercisable by giving written notice to the indemnified party as promptly as practicable after receipt of written notice from such indemnified party of such claim or action, to
assume, at the indemnifying party’s expense, the defense of any such claim or action, with counsel reasonably acceptable to the indemnified party; provided, that any indemnified party shall continue to be entitled to participate in the
defense of such claim or action, with counsel of its own choice, but the indemnifying party shall not be obligated to reimburse the indemnified party for any fees, costs and expenses subsequently incurred by the indemnified party in connection with
such defense unless (A) the 

  
 -24- 

 
indemnified party has agreed in writing to pay such fees, costs and expenses, (B) the indemnifying party has failed to assume the defense of such claim or action within a reasonable time
after receipt of notice of such claim or action, (C) having assumed the defense of such claim or action, the indemnifying party fails to employ counsel reasonably acceptable to the indemnified party after a reasonable time after notice of the
institution of such action, (D) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest or (E) the indemnified party has reasonably concluded that there
are one or more legal or equitable defenses available to it and/or other any other indemnified party which are different from or additional to those available to the indemnifying party. Subject to clauses (D) and (E) of the foregoing
sentence, no indemnifying party shall, in connection with any one claim or action or separate but substantially similar or related actions in the same jurisdiction arising out of the same general circumstances or allegations, be liable for the fees,
costs and expenses of more than one firm of attorneys (in addition to any local counsel) for all indemnified parties. The indemnifying party shall not have the right to settle a claim or action for which any indemnified party is entitled to
indemnification hereunder without the consent of the indemnified party, and the indemnifying party shall not consent to the entry of any judgment or enter into or agree to any settlement relating to such claim or action, in each case unless such
judgment or settlement does not impose any admission of wrongdoing or ongoing obligations on any indemnified party and includes as an unconditional term thereof the giving by the claimant or plaintiff therein to such indemnified party, in form and
substance reasonably satisfactory to such indemnified party, of a full and final release from all liability in respect of such claim or action. The indemnifying party shall not be liable hereunder for any amount paid or payable or incurred pursuant
to or in connection with any judgment entered or settlement effected with the consent of an indemnified party unless the indemnifying party has also consented to such judgment or settlement (such consent not to be unreasonably withheld, conditioned
or delayed). 
 (d) If the indemnification provided for in this Section 10 is held by a court of competent jurisdiction to be
unavailable to, or unenforceable by, an indemnified party in respect of any loss, claim, action, damage, liability or expense for which this Agreement purports to provide for indemnification, then the applicable indemnifying party, in lieu of
indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, claim, action, damage, liability or expense in such proportion as is appropriate to reflect the
relative fault of the indemnifying party, on the one hand, and of the indemnified party, on the other hand, in connection with the statements or omissions which resulted in such loss, claim, action, damage, liability or expense as well as any other
relevant equitable considerations. The relative fault of the indemnifying party, on the one hand, and of the indemnified party, on the other hand, shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party, whether the violation of the Securities Act or any other federal or
state securities law or rule or regulation promulgated thereunder applicable to the Company and relating to any action or inaction required of the Company in connection with any registration of securities was perpetrated by the indemnifying party or
the indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties agree that it would not be just and equitable if contribution pursuant
hereto were determined by pro rata allocation or by any other method or allocation that does not take into account the equitable considerations referred to in this Section 10(d). In no event shall the

  
 -25- 

 
amount which a Holder may be obligated to contribute pursuant to this Section 10(d) exceed an amount equal to the net proceeds (after deducting Selling Expenses) actually received by
such Holder in the sale of Registrable Securities that gives rise to such obligation to contribute. No indemnified party guilty or liable of fraudulent misrepresentation within the meaning of Section 11(f) of the Securities Act shall be
entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 
 (e) The provisions of this
Section 10 shall remain in full force and effect regardless of any investigation made by or on behalf of any indemnified party or any officer, director or controlling person of such indemnified party and shall survive the Transfer of any
Registrable Securities by any Holder. 
 Section 11. Rule 144 Compliance. With a view to making available to the Holders the
benefits of Rule 144 and any other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration, the Company shall use its reasonable best efforts to: 

(a) make and keep public information available, as those terms are understood and defined in Rule 144; 

(b) file with the SEC in a timely manner all reports and other documents required of the Company to be filed under the Securities Act and the
Exchange Act; and 
 (c) furnish to any Investor Holder, promptly upon request, a written statement by the Company as to its compliance with
the reporting requirements of Rule 144 and of the Securities Act and the Exchange Act. 
 Section 12. Miscellaneous. 

(a) No Inconsistent Agreements. Other than agreements with any A/N Party and/or any Liberty Party, the Company represents and warrants
that it has not entered into, and agrees that it will not enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Investor Holders under this Agreement. 

(b) Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their
respective successors and permitted assigns. Neither this Agreement nor any right, benefit, remedy, obligation or liability arising hereunder may be assigned by any party without the prior written consent of the other parties, and any attempted
assignment without such consent shall be null and void and of no effect, except that (i) the Company may assign this Agreement at any time in connection with a sale or acquisition of the Company, whether by merger, consolidation, sale of all or
substantially all of the Company’s assets, or similar transaction, without the consent of any other party or Holders; provided, that if the successor or acquiring Person has publicly traded common stock, such Person shall agree in
writing to assume all of the Company’s rights and obligations under this Agreement and (ii) an Investor Holder may assign its rights under this Agreement to a Permitted Transferee without the consent of the Company or any other Holder, in
which case such Permitted Transferee shall, upon executing and delivering a counterpart to this Agreement in the form attached hereto as Exhibit A to the Company and each other Investor Holder, have the rights and benefits of, and shall be
subject to the restrictions contained in, this Agreement as if such Permitted Transferee had originally been a party to this Agreement as an Investor Holder. 

  
 -26- 

 (c) No Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties
hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever, under or by reason of
this Agreement; provided, however, that the parties hereto hereby acknowledge that the Persons set forth in Section 10 shall be express third-party beneficiaries of the obligations of the parties hereto set forth in
Section 10. 
 (d) Remedies; Specific Performance. In the event of a breach or a threatened breach by any party to this
Agreement of its obligations under this Agreement, any party injured or to be injured by such breach shall be entitled to specific performance of its rights under this Agreement or to injunctive relief, in addition to being entitled to exercise all
rights provided in this Agreement and granted by law, it being agreed by the parties that the remedy at law, including monetary damages, for breach of any such provision will be inadequate compensation for any loss and that any defense or objection
in any action for specific performance or injunctive relief for which a remedy at law would be adequate is hereby waived. 
 (e) No
Waivers. No failure or delay by any party in exercising any right, power or privilege 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 privilege. 
 (f) Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the law of any jurisdiction other than
the State of Delaware. 
 (g) Jurisdiction and Venue. The parties hereto hereby irrevocably submit to the jurisdiction of the
Delaware Court of Chancery or, in the event (but only in the event) that such court does not have subject matter jurisdiction over such action or proceeding, in the United States District Court for the District of Delaware in respect of the
interpretation and enforcement of the provisions of this Agreement and of the documents referred to in this Agreement, and in respect of the transactions contemplated hereby, and hereby waive, and agree not to assert, as a defense in any action,
suit or proceeding for the interpretation or enforcement hereof or of any such document, that it is not subject thereto or that such action, suit or proceeding may not be brought or is not maintainable in the Delaware Court of Chancery, or in the
event (but only in the event) that such court does not have subject matter jurisdiction over such action or proceeding, in the United States District Court for the District of Delaware, or that this Agreement or any such document may not be enforced
in or by such courts, and the parties hereto irrevocably agree that all claims with respect to such action or proceeding shall be heard and determined in the Delaware Court of Chancery, or in the event (but only in the event) that such court does
not have subject matter jurisdiction over such action or proceeding, in the United States District Court for the District of Delaware. The parties hereto hereby consent to and grant the Delaware Court of Chancery, or in the event (but only in the
event) that such court does not have subject matter jurisdiction over such action or proceeding, the United States District Court for the District of Delaware, 

  
 -27- 

 
jurisdiction over the person of such parties and, to the extent permitted by law, over the subject matter of such dispute and agree that mailing of process or other papers in connection with any
such action or proceeding in the manner provided in Section 12(h) or in such other manner as may be permitted by law shall be valid and sufficient service thereof. EACH OF THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHTS TO TRIAL BY JURY IN CONNECTION WITH ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

(h) Notices. Any notice, demand, request, waiver, or other communication under this Agreement shall be in writing and shall be deemed
to have been duly given on the date of service, if personally served or sent by facsimile; on the business day after such communication is delivered to a courier or mailed by express mail, if sent by courier delivery service or express mail for next
day delivery; and on the third day after mailing, if mailed to the party to whom notice is to be given by first class mail, registered, return receipt requested, postage prepaid and addressed as follows: 

 

			
	If to the Company:
	
	Charter Communications, Inc.
	400 Atlantic Street
	Stamford, CT 06901
	Attention:	  	Richard R. Dykhouse
	Phone:	  	(203) 905-7908
	Facsimile:	  	(203) 564-1377
	E-Mail:	  	rick.dykhouse@charter.com
	
	with a copy (which shall not constitute notice) to:
	
	Wachtell, Lipton, Rosen & Katz
	51 West 52nd Street
	New York, NY 10019
	Attention:	  	Steven A. Cohen, Esq.
		  	DongJu Song, Esq.
	Phone:	  	(212) 403-1000
	Facsimile:	  	(212) 403-2000
	E-Mail:	  	sacohen@wlrk.com
		  	dsong@wlrk.com
	
	If to any Liberty Party:
	
	Liberty Broadband Corporation
	12300 Liberty Boulevard
	Englewood, CO 80112
	Attention:	  	Richard N. Baer
	Phone:	  	(720) 875-5700
	Facsimile:	  	(720) 875-5401
	E-Mail:	  	legalnotices@libertymedia.com

  
 -28- 

			
	with a copy (which shall not constitute notice) to:
	
	Baker Botts L.L.P.
	30 Rockefeller Plaza, 44th Floor
	New York, NY 10112
	Attention:	  	Frederick H. McGrath, Esq.
		  	Renee L. Wilm, Esq.
	Phone:	  	(212) 408-2530
	Facsimile:	  	(212) 259-2500
	E-Mail:	  	frederick.mcgrath@bakerbotts.com
		  	renee.wilm@bakerbotts.com
	
	If to any A/N Party:
	
	 Advance/Newhouse Partnership
 c/o
Sabin Bermant & Gould LLP

	One World Trade Center, 44th Floor
	New York, NY 10007
	Attention:	  	Managing Partner
	Phone:	  	(212) 381-7013
	Facsimile:	  	(212) 381-7232
	E-Mail:	  	rhuber@sabinfirm.com
	
	with a copy (which shall not constitute notice) to:
	
	Sullivan & Cromwell LLP
	125 Broad Street
	New York, NY 10004
	Attention:	  	Brian E. Hamilton
		  	Scott B. Crofton
	Phone:	  	(212) 558-4801
	Facsimile:	  	(212) 291-9067
	E-Mail:	  	hamiltonb@sullcrom.com
		  	croftons@sullcrom.com

 (i) Headings. The headings and other captions in this Agreement are for convenience and reference only
and shall not constitute a part of this Agreement, nor shall they affect its meaning, construction or effect. 
 (j) Counterparts.
This Agreement may be signed in any number of identical counterparts, each of which shall be deemed an original instrument (including signatures delivered via facsimile or electronic mail) and all of which together shall constitute one and the same
instrument. The parties hereto may deliver this Agreement by facsimile or by electronic mail and each party shall be permitted to rely upon the signatures so transmitted to the same extent and effect as if they were original signatures. 

  
 -29- 

 (k) Entire Agreement. This Agreement, together with the Specified Documents, contains the
entire agreement among the parties hereto with respect to the subject matter hereof and supersedes and replaces all other prior agreements, written or oral, among any of the parties hereto with respect to the subject matter hereof, including any and
all prior registration rights or similar agreements of the Company or any of its subsidiaries. 
 (l) Severability. If any term,
provision, covenant or restriction of this Agreement is held 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 transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such a
determination, the parties 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 in order that the transactions contemplated hereby be consummated as
originally contemplated to the fullest extent possible. 
 (m) Amendments. The provisions of this Agreement, including the provisions
of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given without the prior written consent of (i) the Company, (ii) Liberty (so long as any Liberty
Holder holds any Registrable Securities) and (iii) A/N (so long as any A/N Holder holds any Registrable Securities). 
 (n) Further
Assurances. Each party to this Agreement shall cooperate and take such action as may be reasonably requested by another party to this Agreement in order to carry out the provisions and purposes of this Agreement and the transactions contemplated
hereby. 
 (o) Termination. This Agreement shall terminate and be of no further force and effect (i) with respect to each A/N
Holder, upon the earliest time as the A/N Parties hold of record an equity interest in the Company of less than 5% on a Fully Exchanged Basis in the aggregate and (ii) with respect to each Liberty Holder, upon the earliest time as the Liberty
Parties hold of record an equity interest in the Company of less than 5% on a Fully Exchanged Basis in the aggregate, except, in the case of each of clause (i) and (ii), for the provisions of Section 9, Section 10 and
this Section 12 which shall survive such termination. 
 [Signature Page Follows] 

  
 -30- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date and year
first above written. 
  

					
	CHARTER COMMUNICATIONS, INC.
		
	By:	 	 /s/ Charles Fisher

		 	Name:	 	Charles Fisher
		 	Title:	 	Senior Vice President, Corporate Finance
	
	LIBERTY BROADBAND CORPORATION
		
	By:	 	 /s/ Craig Troyer

		 	Name:	 	Craig Troyer
		 	Title:	 	Vice President, Deputy General Counsel and Assistant Secretary
	
	ADVANCE/NEWHOUSE PARTNERSHIP
		
	By:	 	 /s/ Steven A. Miron

		 	Name:	 	Steven A. Miron
		 	Title:	 	Chief Executive Officer

 [Signature Page to Registration Rights Agreement] 

 Exhibit A 

Form of Counterpart 
  

					
	[NAME OF PERMITTED TRANSFEREE]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 
					
	
	Address for Notices:
	[●]	 		 	
	Attention:	 	[●]	 	
	Phone:	 	[●]	 	
	Facsimile:	 	[●]	 	
	E-Mail:	 	[●]	 	
	
	with a copy (which shall not constitute notice) to:
			
	[●]	 		 	
	Attention:	 	[●]	 	
	Phone:	 	[●]	 	
	Facsimile:	 	[●]	 	
	E-Mail:	 	[●]	 	

 Exhibit B 

List of Underwriters 
 Goldman Sachs 

Credit Suisse 
 Bank of America Merrill Lynch 

Deutsche Bank 
 UBS 

Citi 
 Morgan Stanley 

JPMorgan

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