Document:

EX-10.82

 Exhibit 10.82 
 FOURTH AMENDMENT TO CREDIT AGREEMENT 
 This FOURTH AMENDMENT TO CREDIT AGREEMENT
(this “Amendment”) is entered into effective as of December 23, 2013 (the “Amendment Effective Date”), among ENBRIDGE ENERGY PARTNERS, L.P., a Delaware limited partnership, as borrower (the
“Borrower”), the Lenders named on the signature pages hereto, and BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”). 

WHEREAS, the Borrower, the Lenders, and the Administrative Agent are parties to that certain Credit Agreement dated as of
September 26, 2011 (as amended by that certain First Amendment to Credit Agreement, effective as of September 30, 2011, that certain Extension Agreement and Second Amendment to Credit Agreement, effective as of September 26, 2012 and
that certain Extension Agreement and Third Amendment to Credit Agreement, effective as of October 28, 2013, the “Credit Agreement”). 
 WHEREAS, the Borrower has requested certain amendments with respect to the definition of Consolidated EBITDA. 
 WHEREAS, subject to the terms and conditions set forth herein, the parties are willing to agree to amend the Credit Agreement as set forth in Section 2 below. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows: 
 SECTION 1. Definitions. Unless otherwise defined in this Amendment, terms used in this
Amendment which are defined in the Credit Agreement shall have the meanings assigned to such terms in the Credit Agreement. The interpretive provisions set forth in Section 1.02 of the Credit Agreement shall apply to this Amendment.

 SECTION 2. Amendment to Credit Agreement. Subject to the satisfaction of the conditions precedent set forth in
Section 3 below: 
 (a) Certain Definition Amended. The following defined term appearing in
Section 1.01 of the Credit Agreement (Defined Terms) is amended as set forth below: 
 (i) The
definition of “Consolidated EBITDA” is amended in its entirety to read as follows: 

“Consolidated EBITDA” means, for any period, an amount equal to the sum of 

(a) Consolidated Net Income for such period, plus  

(b) (i) consolidated interest expense deducted in determining such Consolidated Net Income, (ii) the amount of
taxes, based on or measured by income, used or included in the determination of Consolidated Net Income, (iii) the amount of depreciation and amortization expense deducted in determining such Consolidated Net Income,
(iv) Marshall/Romeoville Oil Cleanup Costs deducted in determining such Consolidated Net Income, (v) the amount of civil, criminal and administrative fines, penalties, assessments and citations, and related direct costs and expenses,
arising from each crude oil release referred to in the definition of “Marshall/Romeoville Oil Cleanup Costs”, deducted in determining such Consolidated Net Income, and (vi) the amount of costs, charges and expenses accrued after
September 30, 2013 arising from the cleanup of crude oil releases referred to in the definition of “Marshall/Romeoville Oil Cleanup Costs” deducted in determining such Consolidated Net Income; plus  

 (c) the amount of cash distributions in respect of equity ownership
interests in MEP Unrestricted Subsidiaries actually received during such period by the Borrower and its Consolidated Subsidiaries from MEP Unrestricted Subsidiaries; and minus  

(d) to the extent included in the calculation of such Consolidated Net Income, the amount of insurance proceeds received
to compensate for Marshall/Romeoville Oil Cleanup Costs, not to exceed in the aggregate the amounts by which Consolidated EBITDA for such period or any prior period is or has been increased on account of Marshall/Romeoville Oil Cleanup Costs; and
minus 
 (e) (i) the amount of civil, criminal and administrative fines, penalties, assessments and
citations, and related direct costs and expenses, referred to in subclause (v) in the immediately preceding clause (b) to the extent such amounts were actually paid, or accruals therefor were reversed, during such period by the Borrower
and/or its Subsidiaries, and without duplication, (ii) the amount of civil, criminal and administrative fines, penalties, assessments and citations, and related direct costs and expenses, referred to in subclause (v) in the immediately
preceding clause (b) to the extent it has been determined that the Borrower and its Subsidiaries will not be liable for payment of such amounts; and minus 

(f) (i) the amount of costs, charges and expenses, referred to in subclause (vi) in the immediately preceding
clause (b) to the extent such amounts were actually paid, or accruals therefor were reversed, during such period by the Borrower and/or its Subsidiaries, and without duplication, (ii) the amount of costs, charges and expenses, referred to
in subclause (vi) in the immediately preceding clause (b) to the extent it has been determined that the Borrower and its Subsidiaries will not be liable for payment of such amounts; 

provided however that (I) for purposes of calculating Consolidated EBITDA for the MEP Closing Quarter, and for any
four quarter period thereafter that includes the MEP Closing Quarter, the amount added pursuant to clause (c) of this definition with respect to the MEP Closing Quarter shall be the Imputed Cash Receipt Amount for the MEP Closing
Quarter; (II) for purposes of calculating Consolidated EBITDA for the First Post-Closing Quarter, and any four quarter period thereafter that includes the First Post-Closing Quarter, the amount added pursuant to clause (c) of this
definition with respect to the First Post-Closing Quarter shall be the Imputed Cash Receipt Amount for the First Post-Closing Quarter; and (III) notwithstanding that the financial statements delivered by the Borrower pursuant to
Section 6.01(a) for the year ending December 31, 2013 and the fiscal quarters thereafter may (at the option of the Borrower) be prepared on a pro forma basis as if the closing of the MEP IPO Transactions had occurred on
January 1, 2013, Consolidated EBITDA for the quarters ending March 31, 2013, June 30, 2013 and September 30, 2013, and for any period thereafter that includes in its Consolidated EBITDA calculation any of the quarters ending
March 31, 2013, June 30, 2013 or September 30, 2013, shall be calculated as if the MEP Unrestricted Subsidiaries were Restricted Subsidiaries through September 30, 2013 and became Unrestricted Subsidiaries on October 1,
2013.” 
 (b) Amended Exhibit C (Form of Compliance Certificate). Exhibit C to the Credit Agreement
(Form of Compliance Certificate) is amended by adding references to clauses (b)(v), (b)(vi), (e) and (f) of the above- referenced amended definition of Consolidated EBITDA, each in the appropriate place, and the Compliance Certificate is
amended in its entirety to read as set forth in Annex A attached hereto. 
 SECTION 3. Conditions to
Effectiveness. The amendments to the Credit Agreement set forth in Section 2 of this Amendment shall be effective on the Amendment Effective Date, provided that the Administrative Agent shall have received counterparts of this
Amendment executed by the Borrower and the Required Lenders (which may be by telecopy or other electronic transmission) and acknowledged by the Administrative Agent. 
 SECTION 4. Representations and Warranties. As a material inducement to the Administrative Agent and the Lenders to execute and deliver this Amendment, the Borrower represents and warrants to the
Lenders that as of the Amendment Effective Date, both immediately before and after giving effect to this Amendment, that: 
 (a) This Amendment has been duly authorized, executed, and delivered by the Borrower and the Credit Agreement as amended hereby constitutes its legal, valid, and binding obligations enforceable against it
in 

 
accordance with their respective terms (subject, as to the enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, moratorium, and similar laws affecting creditors’
rights generally and to general principles of equity). 
 (b) The representations and warranties set forth in
Article V of the Credit Agreement are true and correct in all material respects on and as of the Amendment Effective Date, after giving effect to this Amendment, except to the extent such representations and warranties relate solely to an
earlier date, in which case, they shall be true and correct as of such date. 
 (c) As of the date hereof, at
the time of and immediately after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. 
 (d) No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is required to be obtained or made by the Borrower by any material
statutory law or regulation applicable to it as a condition to the execution, delivery or performance by, or enforcement against, the Borrower of this Amendment. The execution, delivery, and performance by the Borrower of this Amendment has been
duly authorized by all necessary corporate or other organizational action, and does not and will not (i) violate the terms of any of the Borrower’s Organization Documents, (ii) result in any breach of, constitute a default under, or
require pursuant to the express provisions thereof, the creation of any consensual Lien on the properties of the Borrower under, any Contractual Obligation to which the Borrower is a party or any order, injunction, writ or decree of any Governmental
Authority to which the Borrower or its property is subject, or (iii) violate any Law, in each case with respect to the preceding clauses (i) through (iii), which would reasonably be expected to have a Material
Adverse Effect. 
 SECTION 5. Effect. This Amendment (a) except as expressly provided herein, shall not be deemed to
be a consent to the modification or waiver of any other term or condition of the Credit Agreement or of any of the instruments or agreements referred to therein and does not constitute a waiver of compliance or consent to noncompliance by the
Borrower with respect to the terms, provisions, conditions and covenants of the Credit Agreement and (b) shall not prejudice any right or rights which the Administrative Agent or the Lenders may now have under or in connection with the Credit
Agreement, as amended by this Amendment. Except as otherwise expressly provided by this Amendment, all of the terms, conditions and provisions of the Credit Agreement shall remain the same. It is declared and agreed by each of the parties hereto
that the Credit Agreement, as amended hereby, shall continue in full force and effect and is hereby ratified and confirmed in all respects, and that this Amendment and such Credit Agreement shall be read and construed as one instrument. The Borrower
represents and acknowledges that it has no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of its obligations thereunder. From and after the Amendment Effective Date, each reference in the Credit
Agreement, including the schedules and exhibits thereto and the other documents delivered in connection therewith, to the “Credit Agreement,” “this Agreement,” “hereunder,” “hereof,” “herein,” or
words of like import, shall mean and be a reference to the Credit Agreement as amended hereby, respectively. 
 SECTION 6.
Miscellaneous. This Amendment shall for all purposes be construed in accordance with and governed by the laws of the State of New York and applicable federal law. The captions in this Amendment are for convenience of reference only and shall
not define or limit the provisions hereof. This Amendment may be executed in separate counterparts, each of which when so executed and delivered shall be an original, but all of which together shall constitute one instrument. In proving this
Amendment, it shall not be necessary to produce or account for more than one such counterpart. Delivery of an executed counterpart of this Amendment by facsimile or in electronic form shall be effective as the delivery of a manually executed
counterpart. This Amendment shall be a “Loan Document” as defined in the Credit Agreement. 
 SECTION 7. Entire
Agreement. THE CREDIT AGREEMENT (AS AMENDED BY THIS AMENDMENT) AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
 [SIGNATURES BEGIN ON NEXT PAGE] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers effective as of the date and year first above written. 
  

					
	 ENBRIDGE ENERGY PARTNERS, L.P.,
 a Delaware limited partnership, as Borrower

		
	 By:    
	 	 ENBRIDGE ENERGY MANAGEMENT,
 L.L.C., as delegate of Enbridge Energy Company, Inc., its General Partner

			
		 	 By:    
	 	 /s/ Terrance L. McGill

		 		 	 Name: Terrance L. McGill

		 		 	 Title: Senior Vice President

 

			
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:    	 	 /s/ Darleen R. Pamelee

		 	Name: Darleen R. Parmelee
		 	Title: Assistant Vice President
	
	BANK OF AMERICA, N.A., as a Lender, a L/C Issuer and Swing Line Lender
		
	By:	 	 /s/ Jame K.G. Campbell

		 	Name: James K.G. Campbell
		 	Title: Director
	
	ROYAL BANK OF CANADA, as a Lender and as an L/C Issuer
		
	By:	 	 /s/ Lillian D’Aleo

		 	Name: Lillian D’Aleo
		 	Title: Authorized Signatory
	
	EXPORT DEVELOPMENT CANADA, as a Lender
		
	By:	 	 /s/ Talal M. Kairouz

		 	Name: Talal M. Kairouz
		 	Title: Senior Asset Manager
		
	By:	 	 /s/ Hivda Morissette

		 	Name: Hivda Morissette
		 	Title: Asset Manager
	
	UBS AG, STAMFORD BRANCH, as a Lender
		
	By:    	 	 /s/ Lana Gifas

		 	Name: Lana Gifas
		 	Title: Director
		
	By:	 	 /s/ Lisa Murray

		 	Name: Lisa Murray
		 	Title: Associate Director

			
	
	WELLS FARGO BANK, N.A., as a Lender and as an L/C Issuer
		
	By:    	 	 /s/ Jeff Cobb

		 	Name: Jeff Cobb
		 	Title: Vice President
	
	 THE ROYAL BANK OF SCOTLAND PLC,
 CANADA BRANCH, as a Lender

		
	By:	 	 /s/ David Wright

		 	Name: David Wright
		 	Title: Director
	
	SUMITOMO MITSUI BANKING CORPORATION, as a Lender
		
	By:	 	 /s/ Shuji Yabe

		 	Name: Shuji Yabe
		 	Title: Managing Director
	
	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:	 	 /s/ John Durland

		 	Name: John Durland
		 	Title: Authorized Signatory
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender
		
	By:	 	 /s/ Andrew Oram

		 	Name: Andrew Oram
		 	Title: Managing Director
	
	BNP PARIBAS, as a Lender
		
	By:	 	 /s/ Melissa Balley

		 	Name: Melissa Balley
		 	Title: Director
		
	By:	 	 /s/ David Reynolds

		 	Name: David Reynolds
		 	Title: Vice President
	
	DNB CAPITAL LLC, as a Lender
		
	By:	 	 /s/ Robert Dupree

		 	Name: Robert Dupree
		 	Title: Senior Vice President
		
	By:	 	 /s/ Joe Hykle

		 	Name: Joe Hykle
		 	Title: First Vice President

			
	
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	 /s/ Juan Javellana

		 	Name: Juan Javellana
		 	Title: Executive Director
	
	MIZUHO BANK, LTD., as a Lender
		
	By:	 	 /s/ Rob MacKinnon

		 	Name: Rob MacKinnon
		 	Title: Senior Vice President, Canada Branch
	
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Peter Kardos

		 	Name: Peter Kardos
		 	Title: Vice President
	
	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Ming K. Chu

		 	Name: Ming K. Chu
		 	Title: Vice President
		
	By:	 	 /s/ Virginia Cosenza

		 	Name: Virginia Cosenza
		 	Title: Vice President

 ANNEX A 
 Form of Compliance Certificate 
 See following page 

 EXHIBIT C 
 FORM OF COMPLIANCE CERTIFICATE 
 Financial Statement Date:
                    ,      
 To: Bank of America, N.A., as Administrative Agent 
 Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement, dated as of September 26, 2011 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Enbridge Energy Partners, L.P. (the “Borrower”), the Lenders from time to time party
thereto, and Bank of America, N.A., as Administrative Agent, an L/C Issuer and the Swing Line Lender. 
 The undersigned
Responsible Officer hereby certifies as of the date hereof that he/she is the                      of the [General Partner/Delegate], and that, as
such, he/she is authorized to execute and deliver this Certificate to the Administrative Agent on the behalf of the Borrower, and that: 
 Use following for fiscal year-end financial statements 
 1. Filed with the
Borrower’s Form 10-K for its fiscal year ended                          , 20    , are
the year-end financial statements (the “Annual Financial Statements”) required by Section 6.01(a), and if the Borrower has designated any Subsidiary other than the MEP Unrestricted Subsidiaries as an Unrestricted
Subsidiary, attached hereto as Schedule 1 are the year-end financial statements, adjusted to exclude the assets and operations of the Non-MEP Unrestricted Subsidiaries. The Annual Financial Statements fairly present the financial condition, results
of operations and cash flows of the Borrower and its consolidated subsidiaries in accordance with GAAP as at such date for such period. 
 Use following for fiscal quarter-end financial statements 
 1. Filed with the
Borrower’s Form 10-Q for its fiscal quarter ended                     , 20    ] are the unaudited
financial statements (the “Quarterly Financial Statements”) required by Section 6.01(b) for such fiscal quarter, and if the Borrower has designated any Subsidiary other than the MEP Unrestricted Subsidiaries as an
Unrestricted Subsidiary (the “non-MEP Unrestricted Subsidiaries”), attached hereto as Schedule 1 are unaudited financial statements for such fiscal quarter adjusted to exclude the assets and operations of the Non-MEP Unrestricted
Subsidiaries. The Quarterly Financial Statements fairly present the financial condition, results of operations and cash flows of the Borrower and its consolidated subsidiaries in accordance with GAAP as at such date and for such period, subject only
to normal year-end audit adjustments and the absence of footnotes. 
 2. The undersigned has reviewed and is familiar with the
terms of the Agreement and has made, or has caused to be made under his/her supervision, a reasonable review of the transactions and condition (financial or otherwise) of the Borrower and its Subsidiaries during the accounting period covered by the
attached financial statements. 
 3. A review of the activities of the Borrower and its Subsidiaries during such fiscal period
has been made under the supervision of the undersigned with a view to determining whether during such fiscal period the Borrower and each of its Subsidiaries performed and observed all its Obligations under the Loan Documents, and 

select one: 
 to
the best knowledge of the undersigned, during such fiscal period, the Borrower and each of its Subsidiaries performed and observed each covenant and condition of the Loan Documents applicable to it. 

 --or-- 
 to the best knowledge of the undersigned, during such fiscal period, the following covenants or conditions have not been performed or observed and the following is a list of each such Default or Event of
Default and its nature and status:                     . 
 4. The financial covenant calculations and information set forth on Schedule 2 attached hereto are true and accurate. Attached hereto as Schedule 3 is a reconciliation of the components of
such calculations as required by Section 6.02(a)(i) of the Agreement. 
 5. If this Compliance Certificate is being
delivered by a Secretary or Assistant Secretary the words “the undersigned” set forth in paragraphs 2 and 3 above shall be deemed to mean “a Responsible Financial Officer” each time such words are used therein and the following
paragraph shall apply: A Responsible Financial Officer has reviewed this Compliance Certificate and attachments and has authorized the undersigned to submit this Compliance Certificate and attachments. As used in this Compliance Certificate, a
“Responsible Financial Officer” means any of the president, chief financial officer, chief accountant, controller, treasurer or assistant treasurer of the Borrower, the General Partner or the Delegate. 

IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
                    ,                 . 

 

			
	ENBRIDGE ENERGY PARTNERS, L.P.
		
	 By:  
	 	 ENBRIDGE ENERGY MANAGEMENT, L.L.C.,

as delegate of Enbridge Energy Company, Inc.,

its General Partner

 

			
	 By:
	 	
 

 
			
		
	 Name:
	 	
 

 
			
		
	 Title:
	 	  

 For the Quarter/Year ended
                    (“Statement Date”) 
 SCHEDULE 2 
 to the Compliance Certificate 

($ in 000’s) 

Section 7.09—Leverage Ratio. 
  

					
	 	  	Maximum Leverage
Ratio	 
	As of the end of each applicable four-quarter period, the Borrower is required to maintain Consolidated Leverage Ratio of no greater than:	  			
	During any Period other than an Acquisition Period:	  	 	5.00:1.00	  
	During an Acquisition Period*:	  	 	5.50:1.00	  
		
	 *If a Specified Acquisition has been or is hereby designated by the Borrower and the corresponding Acquisition Period is in effect as of the Statement
Date, a separate sheet of paper is to be attached to this Compliance Certificate setting forth the corresponding Acquisition Closing Date (and if such Acquisition Period has terminated, the last day of such Acquisition Period), and describing the
transactions that constitute such Specified Acquisition. Check the applicable line:
	  			
		
	         TheBorrower has previously designated such Specified Acquisition;
or
	  			
	         TheBorrower hereby designates such Specified Acquisition.
	  			
		
	 A.     Consolidated Funded Debt as Adjusted for Funded Debt owed by the Borrower to Subsidiaries
at Statement Date (calculated as follows: A.5 + (without duplication) A.8):
	  	$	            	  
		  	  
	  
	 
		
	 1.      Consolidated Funded Debt of the Borrower and its
Subsidiaries at Statement Date (without regard to reduction for applicable Qualifying Subordinated Indebtedness and Designated Hybrid Securities):
  

Indicate amount of Indebtedness of Unrestricted Subsidiaries (not included in line 1):
$            
	  	$	                        	  
		
	 2.      Qualifying Subordinated Indebtedness at Statement
Date:
  
 (Attach additional information: indicate
name(s) of subordinated creditors to whom Qualifying Subordinated Indebtedness is owed; summarize the terms of such Qualifying Subordinated Indebtedness in sufficient detail to demonstrate that it meets the requirements set forth in the definition
of Qualifying Subordinated Indebtedness; and confirm that subordination agreement has been delivered)
	  	$	                        	  
		
	 3.      Face amount of Hybrid Securities at Statement Date:
	  	$	            	  
		  	  
	  
	 
		
	 4.      Face amount of Designated Hybrid Securities at Statement Date (not to exceed 15% of Total
Capitalization):
	  	$	            	  
		  	  
	  
	 
		
	 Total Capitalization at Statement Date: $            
	  			
		
	 Consolidated Net Worth at Statement Date (used in calculating Total Capitalization):
$            
	  			

					
		
	 Indicate amount of partners’ capital of the Borrower determined as of such date in accordance with GAAP, subject (as applicable) to year-end
audit adjustments and footnotes (used in computing Consolidated Net Worth): $            
	  			
		
	 5.      Consolidated Funded Debt (calculated as follows: A.1 – (A.2 + A.4)):
	  	$	            	  
		  	  
	  
	 
		
	 6.      Funded Debt owed by the Borrower to Subsidiaries:
	  	$	            	  
		  	  
	  
	 
		
	 7.      Aggregate Qualifying Subordinated Indebtedness that is included in A.5.
above:
	  	$	            	  
		  	  
	  
	 
		
	 8.      Adjusted Funded Debt owed by the Borrower to Subsidiaries (calculated as follows: A.6
– A.7):
	  	$	            	  
		  	  
	  
	 
		
	 B.     Pro Forma EBITDA for Subject Period:
	  	$	            	  
		  	  
	  
	 
		
	 (calculated as follows: (i) the sum of B.1 + B.2 + B.3 + B.4 + B.5 + B.6 + B.7 + B.8 + B.9 + B.15 + B.16 minus (ii) the sum of B.10 +
B.11 + B.12 + B.13 + B.14)
	  			
		
	 1.      Consolidated Net Income:
	  	$	            	  
		  	  
	  
	 
		
	 Indicate Consolidated Net Income of Excluded Subsidiaries (to be excluded from line 1):
$            
	  			
		
	 2.      Cash distributions received from MEP Unrestricted Subsidiaries:
	  	$	            	  
		  	  
	  
	 
		
	 Indicate cash distributions from MEP Unrestricted Subsidiaries received by Excluded Subsidiaries (excluded from line 2):
$            
	  			
		
	 3.      Interest expense9:
	  	$	            	  
		  	  
	  
	 
		
	 Indicate interest expense of Excluded Subsidiaries (excluded from line 3):
$            
	  			
		
	 4.      Income taxes10:
	  	$	            	  
		  	  
	  
	 
		
	 Indicate income taxes of Excluded Subsidiaries (excluded from line 4):
$            
	  			
		
	 5.      Depreciation11:
	  	$	            	  
		  	  
	  
	 
		
	 Indicate depreciation of Excluded Subsidiaries (excluded from line 5):
$            
	  			

  

	9 	To the extent deducted in determining Consolidated Net Income. 

  

	10 	To the extent used or included in the determination of Consolidated Net Income. 

 

	11 	To the extent deducted in determining Consolidated Net Income. 

					
		
	 6.      Amortization12:
	  	$	            	  
		  	  
	  
	 
		
	 Indicate amortization of Excluded Subsidiaries (excluded from line 6):
$            
	  			
		
	 7.      Marshall/Romeoville Oil Cleanup Costs13:
	  	$	            	  
		  	  
	  
	 
		
	 8.      Civil, criminal and administrative fines, penalties, assessments and citations, and related
direct costs and expenses, arising from each crude oil release referred to in the definition of Marshall/Romeoville Oil Cleanup Costs14:
	  	$	            	  
		  	  
	  
	 
		
	 9.      Costs, charges and expenses accrued after September 30, 2013, arising from the cleanup
of the crude oil releases referred to in the definition of Marshall/Romeoville Oil Cleanup Costs15:
	  	$	            	  
		  	  
	  
	 
		
	 10.    Insurance proceeds received to compensate for Marshall/Romeoville Oil Cleanup Costs16:
	  	$	            	  
		  	  
	  
	 
		
	 11.    Civil, criminal and administrative fines, penalties, assessments and citations, and related direct
costs and expenses, referred to in line 8 actually paid, or accruals therefor reversed, during Subject Period by the Borrower and/or its Subsidiaries:
	  	$	            	  
		  	  
	  
	 
		
	 12.    Civil, criminal and administrative fines, penalties, assessments and citations, and related direct
costs and expenses, referred to in line 8 for which the Borrower and its Subsidiaries will not be liable for payment:
	  	$	            	  
		  	  
	  
	 
		
	 13.    Costs, charges and expenses referred to in line 9 actually paid, or accruals therefor reversed, during
Subject Period by the Borrower and/or its Subsidiaries:
	  	$	            	  
		  	  
	  
	 
		
	 14.    Costs, charges and expenses referred to in line 9 for which the Borrower and its Subsidiaries will not
be liable for payment of such amounts:
	  	$	            	  
		  	  
	  
	 
		
	 15.    Pro forma adjustment for acquisitions during Subject Period:
	  	$	            	  
		  	  
	  
	 
		
	 Attach detailed explanation identifying each acquisition and indicating Incremental EBITDA attributable to it
	  			
		
	 16.    Material Project EBITDA Adjustments for Subject Period:
	  	$	            	  
		  	  
	  
	 
		
	 Attach detailed explanation identifying each Material Project and indicating Material Project EBITDA Adjustments attributable to it
	  			
		
	 C.     Leverage Ratio (Line A ÷ Line B):
	  	 	            to 1.00	  

 

	12 	To the extent deducted in determining Consolidated Net Income. 

  

	13 	To the extent deducted in determining Consolidated Net Income. 

  

	14 	To the extent deducted in determining Consolidated Net Income. 

  

	15 	To the extent deducted in determining Consolidated Net Income. 

  

	16 	To the extent included in determining Consolidated Net Income, not to exceed the aggregate amounts by which Consolidated EBITDA has been increased on account of
Marshall/Romeoville Oil Cleanup Costs. 

					
	
	Quarter-end
date:                    	  
	
	Section 7.10 (Indebtedness of Non-OLP Subsidiaries) and Section 7.11 (Indebtedness of Operating Partnership and Operating Partnership Subsidiaries)	   
	
	 A.     Indebtedness of Non-OLP Subsidiaries
	         

	
	 1.      Calculate aggregate amount of Indebtedness outstanding as of the Statement Date
for the Non-OLP Subsidiaries:
	           

		
	 (a)    Total amount of Indebtedness outstanding for the Non-OLP Subsidiaries other than Indebtedness
attributable to Excess Swap Termination Value:
	  	$	            	  
		  	  
	  
	 
		
	 (b)    Ratable Share of Excess Swap Termination Value (line C.3(c)):
	  	$	            	  
		  	  
	  
	 
		
	 (c)    Total (Line A.1(a) plus Line A.1(b)):
	  	$	            	  
		  	  
	  
	 
		
	 2.      Demonstrate compliance with Section 7.10:
	  			
		
	 (a)    Non-OLP Pro Forma EBITDA:
	  	$	            	  
		  	  
	  
	 
		
	 (b)    Calculate Non-OLP Indebtedness Limitation
	  			
		
	 (.5 times Non-OLP Pro Forma EBITDA (line A.2(a)):
	  	$	            	  
		  	  
	  
	 
		
	 (c)    Is the aggregate amount of Indebtedness outstanding for the Non-OLP Subsidiaries (line A.1(c)) greater
than the Non-OLP Indebtedness Limitation (line A.2(b))?
	  			
		
	
        Yes     ̈
	  			
		
	
        No     ̈
	  			
		
	 (d)    If yes, please answer the following:
	  			
		
	 (i)     State the amount of excess Indebtedness:
	  	$	            	  
		  	  
	  
	 
		
	 (ii)    How much of the excess Indebtedness is attributable to Excess Swap Termination Value?
	  	$	            	  
		  	  
	  
	 
		
	 (iii)  Specify in reasonable detail method and timing of cure of such excess Indebtedness pursuant to
Section 7.10.
	  			
	
	 B.     Indebtedness of the Operating Partnership and the Operating Partnership
Subsidiaries
	         

		
	 1.      Calculate aggregate amount of Indebtedness outstanding for the Operating Partnership and
the Operating Partnership Subsidiaries:
	  			
		
	 (a)    Total amount of Indebtedness outstanding for the Operating Partnership and the Operating Partnership
Subsidiaries other than Indebtedness attributable to Excess Swap Termination Value:
	  	$	            	  
		  	  
	  
	 
		
	 (b)    Excess Swap Termination Value (line C.3(b)):
	  	$	            	  
		  	  
	  
	 

					
		
	 (c)    Total (line B.1(a) plus Line B.1(b)):
	  	$	            	  
		  	  
	  
	 
		
	 2.      Demonstrate compliance with Section 7.11:
	  			
		
	 (a)    State the outstanding consolidated capitalization of the Operating Partnership and the Operating
Partnership Subsidiaries:
	  	$	            	  
		  	  
	  
	 
		
	 (b)    Calculate the OLP Indebtedness Limitation (.60 times the outstanding consolidated
capitalizationof the Operating Partnership and the Operating Partnership Subsidiaries (line B.2(a))):
	  	$	            	  
		  	  
	  
	 
		
	 (c)    Is the aggregate amount of Indebtedness outstanding for the Operating Partnership and the Operating
Partnership Subsidiaries (line B.1(c)) greater than the OLP Indebtedness Limitation (line B.2(b))?
	  			
		
	
        Yes     ̈
	  			
		
	
        No     ̈
	  			
		
	 (d)    If yes, please answer the following:
	  			
		
	 (i)     State the amount of excess Indebtedness:
	  	$	            	  
		  	  
	  
	 
		
	 (ii)    How much of the excess Indebtedness is attributable to
	  			
		
	 Excess Swap Termination Value?
	  	$	            	  
		  	  
	  
	 
	
	 (iii)  Specify in reasonable detail the method and timing of cure of such excess Indebtedness pursuant to
Section 7.11.
	       

		
	 C.     Excess Swap Termination Value
	  			
		
	 1.      State net amount of all mark-to-market obligations of all Swap Contracts to which a
Subsidiary of the Borrower is obligated as a counterparty ora guarantor:
	  	$	            	  
		  	  
	  
	 
		
	 (A negative number indicates a net aggregate amount owed by Subsidiaries; a positive number indicates a net aggregate amount owed to
Subsidiaries)
	  			
		
	 2.      Is line C.1 less than negative $150,000,000?
	  			
		
	         Yes     ̈
	  			
		
	
        No     ̈
	  			
		
	 3.      If yes, calculate the Ratable Share of the amount less than negative
$150,000,000:
	  			
		
	 (a)    State aggregate Swap Termination Value of all Swap Obligations and Guarantee Obligations of Swap
Obligations of the Non-OLP Subsidiaries:
	  	$	            	  
		  	  
	  
	 
		
	 (b)    State aggregate Swap Termination Value of all Swap Obligations and Guarantee Obligations of Swap
Obligations of the Operating Partnership and the Operating Partnership Subsidiaries:
	  	$	            	  
		  	  
	  
	 

					
		
	 (c)    The Ratable Share of Excess Termination Value of the Non-OLP Subsidiaries ((line C.3(a) divided
by line C.1) times the amount less than negative $150,000,000):
	  	 	$                        	  
		
	 (d)    The Ratable Share of Excess Termination Value of the Operating Partnership and Operating Partnership
Subsidiaries ((line C.3(b) divided by line C.1) times the amount less than negative $150,000,000):
	  	 	$EX-10.44

 EXHIBIT 10.44 

Time Warner Cable Inc. 2011 Stock Incentive Plan 

RSU Agreement 
 For Use
After 1/1/2014 
 Time Warner Cable Inc. 

Restricted Stock Units Agreement  

General Terms and Conditions 

WHEREAS, Time Warner Cable Inc. (the “Company”) has adopted the Plan (as defined below), the terms of which are hereby incorporated
by reference and made a part of this Restricted Stock Units Agreement (the “Agreement”); and 
 WHEREAS, the Committee has
determined that it would be in the best interests of the Company and its stockholders to grant the restricted stock units (the “RSUs”) provided for herein to the Participant pursuant to the Plan and the terms set forth
herein. 
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 

1.      Definitions. Whenever the following terms are used in this Agreement, they shall have the
meanings set forth below. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. 

(a)        “Cause” means “Cause” as defined in an employment,
consulting, advisory or similar agreement between the Company or any of its Affiliates and the Participant or, if not defined therein or if there is no such agreement, “Cause” means the Participant’s (i) conviction (treating a
nolo contendere plea as a conviction) of a felony, whether or not any right to appeal has been or may be exercised, other than as a result of a moving violation or a Limited Vicarious Liability (as defined below), (ii) willful failure or
refusal without proper cause to perform such Participant’s material duties with the Company (other than any such failure resulting from the Participant’s total or partial incapacity due to physical or mental impairment), (iii) willful
misappropriation, embezzlement, fraud or any reckless or willful destruction of Company property having a significant adverse financial effect on the Company or a significant adverse effect on the Company’s reputation, (iv) willful and
material breach of any statutory or common law duty of loyalty to the Company having a significant adverse financial effect on the Company or a significant adverse effect on the Company’s reputation, (v) material and willful breach of any
restrictive covenants to which the Participant is subject, including non-competition, non-solicitation, non-disparagement or confidentiality provisions, or (vi) willful violation of any material Company policy, including the Company’s
Standards of Business Conduct having a significant adverse financial effect on the Company or a significant adverse effect on the Company’s reputation. The determination by the Company as to the existence of “Cause” will be conclusive
on the Participant. 

 (b)        “Disability” means
“Disability” as defined in an employment, consulting, advisory or similar agreement between the Company or any of its Affiliates and the Participant or, if not defined therein or if there shall be no such agreement, “Disability”
of the Participant shall have the meaning ascribed to such term in the Company’s long-term disability plan or policy, as in effect from time to time, to the extent that either such definition also constitutes such Participant being considered
“disabled” under Section 409A(a)(2)(C) of the Code. 

(c)        “Good Reason” means “Good Reason” as defined in
an employment, consulting, advisory or similar agreement between the Company or any of its Affiliates and the Participant or, if not defined therein or if there is no such agreement, “Good Reason” means, following a change of control
(i) the failure of the Company or any Affiliate to pay or cause to be paid the Participant’s base salary or annual bonus when due or (ii) any substantial and sustained diminution in the Participant’s authority or responsibilities
materially inconsistent with the Participant’s position; provided that, either of the events described in clauses (i) and (ii) will constitute Good Reason only if the Company fails to cure such event within thirty
(30) days after receipt from the Participant of written notice of the event which constitutes Good Reason; provided, further, that “Good Reason” will cease to exist for an event on the sixtieth (60th) day following the later of its occurrence or the Participant’s knowledge thereof, unless the Participant has given the Company written notice of his or her termination of employment for
Good Reason prior to such date. 
 (d)        “Limited Vicarious
Liability” means any liability which is based on acts of the Company for which the Participant is responsible solely as a result of Participant’s office(s) with the Company; provided that (i) the Participant is not directly
involved in such acts and either had no prior knowledge of such actions or, upon obtaining such knowledge, promptly acted reasonably and in good faith to attempt to prevent the acts causing such liability or (ii) after consulting with the
Company’s counsel, the Participant reasonably believed that no law was being violated by such acts. 

(e)        “Notice” means the Notice of Grant of Restricted Stock Units,
which has been provided to the Participant separately and which accompanies and forms a part of this Agreement. 

(f)        “Participant” means an individual to whom RSUs as set forth
in the Notice have been awarded pursuant to the Plan and shall have the same meaning as may be assigned to the terms “Holder” or “Participant” in the Plan. 

(g)        “Performance” means the Participant’s failure to meet
performance expectations, as determined in the Company’s sole discretion, and consistent with any performance determination under the TWC Severance Pay Plan, if applicable. 

(h)        “Plan” means the Time Warner Cable Inc. 2011 Stock Incentive Plan,
as such plan may be amended, supplemented or modified from time to time. 

  
 2 

 (i)        “Retirement”
means a voluntary termination of employment by the Participant following the attainment of (i) age 60 with ten (10) or more years of Service or (ii) age 65 with five (5) or more years of Service; provided that, the terms of any
employment, consulting, advisory or similar agreement entered into by the Participant and the Company or an Affiliate that provides a definition of “Retirement” relating specifically to the vesting of outstanding equity awards granted
under the Plan shall supersede this definition. 
 (j)        “Service”
means the period of time a Participant is engaged as an employee or director (i) with the Company, (ii) with any Affiliate, or (iii) in respect to any period of time prior to March 12, 2009, with Time Warner Inc. or any affiliate
thereof (“TWX”); provided that, if the Participant became an employee or director of the Company or any Affiliate on or after March 12, 2009, any period of time Participant was engaged by TWX shall not be counted for this definition.

 (k)        “Vesting Date” means each vesting date set forth in the
Notice. 
 (l)        “Vesting Period” means the period of time that begins
the day after the Date of Grant (as set forth in the Notice) and ends on the date that all RSUs would be fully vested under the vesting schedule set forth in the Notice. 

2.      Grant of Restricted Stock Units. The Company hereby grants to the Participant (the
“Award”), on the terms and conditions hereinafter set forth, the number of RSUs set forth on the Notice. Each RSU represents the unfunded, unsecured right of the Participant to receive one Share on the date(s) specified
herein or in the Notice. RSUs do not constitute issued and outstanding Shares for any corporate purposes and do not confer on the Participant any right to vote on matters that are submitted to a vote of holders of Shares. 

3.      Dividend Equivalents and Retained Distributions. If on any date while RSUs are
outstanding hereunder the Company shall pay any regular cash dividend on the Shares, the Participant shall be paid, for each RSU held by the Participant on the record date, an amount of cash equal to the dividend paid on a Share (the
“Dividend Equivalents”) at the time that such dividends are paid to holders of Shares. If on any date while RSUs are outstanding hereunder the Company shall pay any dividend other than a regular cash dividend or make any
other distribution on the Shares, the Participant shall be credited with a bookkeeping entry equivalent to such dividend or distribution for each RSU held by the Participant on the record date for such dividend or distribution, but the Company shall
retain custody of all such dividends and distributions (the “Retained Distributions”); provided, however, that if the Retained Distribution relates to a dividend paid in Shares, the Participant shall receive an
additional amount of RSUs equal to the product of (i) the aggregate number of RSUs held by the Participant pursuant to this Agreement through the related dividend record date, multiplied by (ii) the number of Shares (including any fraction
thereof) payable as a dividend on a Share. Retained Distributions will not bear interest and will be subject to the same restrictions and payment timing as the RSUs to which they relate. 

  
 3 

 4.      Vesting and Delivery of Shares. 

(a)        Subject to the terms and provisions of the Plan and this Agreement, within sixty
(60) days after each Vesting Date with respect to the Award, the Company shall issue or transfer to the Participant the number of Shares that vested on such Vesting Date as set forth on the Notice and the Retained Distributions, if any, covered
by that portion of the Award. Except as otherwise provided in Sections 5 and 6, the vesting of such RSUs and any Retained Distributions relating thereto shall occur only if the Participant has continued in employment of the Company or any of its
Affiliates on the Vesting Date and has continuously been so employed since the Date of Grant (as defined in the Notice). 

(b)        RSUs Extinguished. Upon each issuance or transfer of Shares in accordance with this
Agreement, a number of RSUs equal to the number of Shares issued or transferred to the Participant shall be extinguished and such number of RSUs will not be considered to be held by the Participant for any purpose. 

(c)        Fractional Shares. Upon the final issuance or transfer of Shares and Retained
Distributions, if any, to the Participant pursuant to this Agreement, in lieu of a fractional Share, the Participant shall receive a cash payment equal to the Fair Market Value of such fractional Share. 

5.      Termination of Employment. 

(a)        Involuntary Termination for Performance; Involuntary Termination for Cause; Voluntary
Resignation. Unless otherwise provided in an employment, consulting, advisory or similar agreement between the Participant and the Company or an Affiliate, if the Participant’s employment is terminated (i) by the Company for
Performance or for Cause, (ii) by the Participant other than at a time when the Participant satisfies the requirements for Retirement, or (iii) for any other reason not specified in clauses (b), (c), (d) and (e) below prior to
the Vesting Date of any portion of the Award, then the RSUs covered by any such portion of the Award and all Retained Distributions relating thereto shall be forfeited on the date of any such termination 

(b)        Death; Disability; Retirement. If the Participant’s employment is terminated
(i) as a result of his or her death or Disability or (ii) by the Participant due to his or her Retirement, or (iii) by the Company or its Affiliates for any reason other than for Cause or Performance on a date when the Participant
satisfies the requirements for Retirement, then the RSUs for which a Vesting Date has not yet occurred and all Retained Distributions relating thereto shall, to the extent the RSUs were not extinguished prior to such termination of employment, fully
vest on the date of any such termination and Shares subject to the RSUs shall be issued or transferred to the Participant within sixty (60) days following such termination of employment. 

(c)        Without Cause; Not For Performance. Subject to the terms of any employment,
consulting, advisory or similar agreement entered into by the Participant and the Company or an Affiliate that provides for treatment of RSUs that is more favorable to the Participant than the terms of this Section 5(c), if the
Participant’s employment is involuntarily 

  
 4 

 
terminated by the Company or its Affiliates and such termination is not for Cause, not for Performance, and not at a time when the Participant is eligible for Retirement, then the Participant
will immediately vest upon the Participant’s involuntary termination of employment in a portion of the RSUs that have not yet vested and any Retained Distributions related thereto, in addition to any RSUs and Retained Distributions that
previously vested, based on the following calculation: 
 (x)  the total number of RSUs awarded under the Agreement and related
Retained Distributions, 
 multiplied by; 

(y)  a fraction, the numerator of which shall be the number of days following the Date of Grant during which the Participant was
employed by the Company or any Affiliate, and the denominator of which shall be the number of days in the Vesting Period; 
 minus; 

(z)  the number of RSUs awarded under the Agreement and related Retained Distributions that were vested immediately before the
Participant’s involuntary termination of employment. 
 If the foregoing calculation results in a fractional Share, such fractional Share shall be
rounded to the next higher whole Share. Shares subject to such RSUs shall be issued or transferred and the related Retained Distributions shall be paid to the Participant within sixty (60) days of the Participant’s employment termination
date. The RSUs and any related Retained Distributions shall be forfeited if they were not already vested and are not vested under this Section 5(c). 

(d)        Disposition of Affiliate. Subject to Section 5(b) (Death; Disability;
Retirement) and Section 21 (§409A Compliance), if the Affiliate with which the Participant has a service relationship ceases to be an Affiliate due to a transfer, sale or other disposition by the Company or an Affiliate
(“Disposition”), the vesting of the RSU and the issuance of the Shares shall be governed by Section 5(c) hereof as if the Participant’s employment terminated on the date of such Disposition; provided however, that if such
Disposition does not constitute the Participant’s separation from service for purposes of Code Section 409A, any shares that are vested as a result of this Section 5(d) shall not be issued until the earlier of the Vesting Date when
such shares would otherwise have been issued or the Participant’s separation from service within the meaning of Code Section 409A. 

(e)        After Change in Control. Subject to Section 6, if the Participant’s
employment is terminated by the Company or its Affiliates without Cause (whether or not due to Participant’s Performance) or by the Participant for Good Reason, or by the Company or its Affiliates for Cause pursuant to Sections 1(a)(ii) and
1(a)(vi), within 24 months after a Change in Control (as defined in the Plan), to the extent the Award has not been previously canceled or forfeited, the Award will vest in full upon such employment termination and shall be issued or transferred to
the Participant within sixty (60) days following such employment termination, along with the Retained Distributions related thereto. 

  
 5 

 (f)        Leave of Absence. For purposes of this
Section 5, a temporary leave of absence shall not constitute a termination of employment or a failure to be continuously employed by the Company or any Affiliate regardless of the Participant’s payroll status during such leave of absence
if such leave of absence (i) is approved in writing by the Company or any Affiliate subject to the other terms and conditions of the Agreement and the Plan and (ii) constitutes a bona fide leave of absence and not a separation from service
under Treas. Reg. §1.409A-1(h)(1)(i). Notice of any such approved leave of absence should be sent to the Company, but such notice shall not be required for the leave of absence to be considered approved. 

(g)        Vesting Conditioned on Execution of a Release of Claims. If the terms of any
employment, consulting, advisory or similar agreement entered into by the Participant and the Company or an Affiliate require execution of a release of claims against the Company or an Affiliate upon a termination of employment and the terms of such
agreement provide for more favorable vesting treatment of the Award than the terms of this Agreement, then, in the event of such a termination of employment, the Award, or the applicable portion thereof, will not vest and Shares and Retained
Distributions will not be distributed to the Participant until such release has been executed, delivered, and not revoked within the permitted revocation period. If the release is not executed and delivered (without revocation) prior to the end of
the sixty (60) day period following the Participant’s termination of employment or such shorter period for execution and delivery provided under the relevant agreement, the unvested Award, together with any related Retained Distributions,
shall be forfeited and no further amounts shall be payable under this Agreement. If the Award is subject to Section 409A of the Code and the period for executing and delivering (and not revoking) the release spans two calendar years, then the
distribution of any amounts under this Award shall be made in the second of the two calendar years without regard to whether the release is executed and delivered (and not revoked) in the first or second calendar year. 

6.      IRC §§ 280G and 4999. Notwithstanding anything to the contrary contained in this
Agreement, to the extent that the vesting of any RSUs granted to Participant pursuant to this Agreement (a) constitutes a “parachute payment” within the meaning of Section 280G of the Code and (b) but for this
Section 6, would be subject to the excise tax imposed by Section 4999 of the Code, then such RSUs shall vest either (i) in full or (ii) in such lesser amount which would result in no portion of such RSUs being subject to excise
tax under Section 4999 of the Code; whichever of the foregoing amounts, taking into account the applicable federal, state and local income or excise taxes (including the excise tax imposed by Section 4999), results in Participant’s
receipt on an after-tax basis of the greatest amount of total compensation, notwithstanding that all or some portion of such RSUs may be taxable under Section 4999 of the Code. 

(a)        Calculation. Any calculation required under this Section shall be made in writing
by an independent public accountant, or other appropriate internal or external resource, selected by the Company, whose determination shall be conclusive and binding upon 

  
 6 

 
Participant and the Company for all purposes. The Company shall bear the costs of performing the calculations contemplated by this Section, as well as any reasonable legal or accountant expenses,
or any additional taxes, that the Participant may incur as a result of any calculation errors made in connection with the Code Section 4999 excise tax determination contemplated by this Section. 

(b)        Order of 280G Payment Reduction. Unless provided otherwise in Participant’s
employment agreement with the Company, the reduction of RSUs vesting, if applicable, shall be effected in the following order, but only to the extent that each item listed provides for a reduction to minimize Section 280G consequences:
(i) any cash parachute payments, (ii) any health and welfare and similar benefits valued as parachute payments, (iii) the acceleration of vesting of any stock options for which the exercise price exceeds the then fair market value of
the underlying stock, (iv) the reduction of any acceleration of vesting of any equity award that is not a stock option (including the RSUs), and (v) the acceleration of vesting of any stock options for which the exercise price is less than
the fair market value of the underlying stock. 
 7.      Withholding Taxes. The Participant agrees
that, 
 (a)        Obligation to Pay Withholding Taxes. Upon the payment of any Dividend
Equivalents and the vesting of any portion of the Award of RSUs and the Retained Distributions relating thereto, the Participant will be required to pay to the Company any applicable Federal, state, local or foreign withholding tax due as a result
of such payment or vesting. The Company’s obligation to deliver the Shares subject to the RSUs or to pay any Dividend Equivalents or Retained Distributions shall be subject to such payment. The Company and its Affiliates shall, to the extent
permitted by law, have the right to deduct from the Dividend Equivalent, Shares issued in connection with the vesting or Retained Distribution, as applicable, or any payment of any kind otherwise due to the Participant the minimum statutory Federal,
state, local or foreign withholding taxes due with respect to such vesting or payment. 

(b)        Payment of Taxes with Stock. Subject to the Committee’s right to require the
Participant to pay the minimum statutory withholding tax in cash, the Participant shall have the right to elect to pay the minimum statutory withholding tax associated with a vesting with Shares to be received upon vesting. Unless the Company shall
permit another valuation method to be elected by the Participant, Shares used to pay any required withholding taxes shall be valued at the closing price of a Share on the New York Stock Exchange on the date the withholding tax becomes due
(hereinafter called the “Tax Date”). Notwithstanding anything herein to the contrary, if a Participant does not elect to pay the withholding tax in cash within the time period established by the Company, then the Participant shall be
deemed to have elected to pay such withholding taxes with Shares to be received upon vesting. Elections must be made in conformity with conditions established by the Committee from time to time. 

(c)        Conditions to Payment of Taxes with Stock. Any election to pay the minimum
statutory withholding taxes with cash must be made prior to the Tax Date in accordance with the Company’s customary practices and will be irrevocable once made. 

  
 7 

 8.      Changes in Capitalization and Government and Other
Regulations. The Award shall be subject to all of the terms and provisions as provided in this Agreement and in the Plan, which are incorporated by reference herein and made a part hereof, including, without limitation, the provisions of
Section 12 of the Plan (generally relating to adjustments to the number of Shares subject to the Award, upon certain changes in capitalization and certain reorganizations and other transactions). 

9.      Forfeiture. A breach of any of the foregoing restrictions or a breach of any of the other
restrictions, terms and conditions of the Plan or this Agreement, with respect to any of the RSUs or any Dividend Equivalents and Retained Distributions relating thereto, except as waived by the Board or the Committee, will cause a forfeiture of
such RSUs and any Dividend Equivalents or Retained Distributions relating thereto. 
 10.      RSU
Repayment Obligation. 
 (a)        This Section 10 shall apply only if, on the date of
termination as described in Sections 10(b) and 10(c) below, the Participant (i) is or, at any time, was a corporate officer of the Company (as reflected in the Company’s corporate records) and (ii) is or, at any time, was a party to
an employment agreement with the Company. 
 (b)        In the event of the termination of the
Participant’s employment for Cause as a result of a Cause event specified in Sections 1(a)(i), 1(a)(iii), 1(a)(iv), or 1(a)(v) above (each a “Covered Cause Event”), the Participant shall repay to the Company an amount equal to the
Participant’s Improper Gain (as defined below) or, if less, the aggregate fair market value of all Shares issued and related Retained Distributions paid to the Participant with respect to vesting of a RSU Award within the three-year period
prior to the Participant’s termination of employment, determined as of the date such Shares were issued and the Retained Distributions paid, less the Net Tax Cost (as defined below). Notwithstanding the foregoing, a Cause event described in
Section 1(a)(i) shall be a Covered Cause Event only if the felony relates solely to any acts or omissions arising in the performance of the Participant’s duties and responsibilities for, or matters involving the assets or property of, the
Company. 
 (c)        In the event the Participant’s employment is terminated for any reason
other than Cause, and it is determined by the Company within twelve (12) months of such termination of employment that the Participant engaged in acts or omissions during the Participant’s three prior years of employment that would have
resulted in the Participant’s termination by the Company for a Covered Cause Event, the Participant shall repay to the Company an amount equal to the Participant’s Improper Gain or, if less, the aggregate fair market value of all Shares
issued and related Retained Distributions paid to the Participant in the three-year period prior to and the sixty-day period following the Participant’s termination of employment, determined as of the date such Shares were issued and related
Retained Distributions paid, less the Net Tax Cost. 
 (d)        A Participant’s repayment
obligations hereunder may, at the election of the Board or the Committee, be satisfied by a cash payment, delivery of Shares, forfeiture of the unvested portion of the Award or such combination of the foregoing as the Board or Committee in its
discretion may determine. Cash repayments pursuant to 

  
 8 

 
Sections 10(b) or 10(c) shall be made by certified check within sixty (60) days after written demand is made therefor by the Company. Notwithstanding the foregoing, the Participant shall be
deemed to satisfy the repayment obligations with respect to amounts owed pursuant to Section 10 if the Participant returns to the Company all Shares issued to the Participant during the period described under Sections 10(b) or 10(c), as
applicable, plus the related Retained Distributions, provided that the Participant demonstrates to the Company’s satisfaction that all such Shares were continuously owned by the Participant since the date of issuance. Further notwithstanding
the foregoing, the total amount repaid under this Agreement and all other Company equity awards with respect to any particular Improper Gain shall not exceed the amount of such Improper Gain. 

(e)        Notwithstanding any of the foregoing, the Board or Committee, as applicable, shall retain
sole discretion regarding whether to seek the remedies set forth in Sections 10(b) and 10(c). The repayment obligations of Section 10 shall not apply unless the Company gives the Participant written notice of the Company’s exercise of its
rights under Section 10 within ninety (90) days of a senior officer of the Company becoming aware of the conduct giving rise to the Covered Cause Event; and if the Company fails to do so such conduct shall no longer provide a basis for any
repayment obligation pursuant to this Section 10. 
 (f)        If the terms of any
employment, consulting, advisory or similar agreement entered into by the Participant and the Company or any Affiliate provides for compensation forfeiture provisions triggered by a “Covered Cause Event” (as defined in the employment or
similar agreement), then such provisions shall supersede the provisions of this Section 10 during the term of the employment or similar agreement. 

(g)        “Improper Gain” shall mean the Participant’s personal economic gain derived
from the Company as a direct result of engaging in any Covered Cause Event, less the Net Tax Cost. “Net Tax Cost” shall mean the net amount of any federal, foreign, state or local income and employment taxes paid by the Participant with
respect to the amount to be repaid hereunder (before the reduction for the Net Tax Cost), after taking into account any and all available deductions, credits, or other offsets allowable to the Participant (including, without limitation, any
deduction permitted under the claim of right doctrine), and regardless of whether the Participant would be required to amend any prior income or other tax returns, subject to the Participant’s documentation that deductions, credits or other
offsets otherwise available or allowable to the Participant could not be used as a result of the Participant’s actual tax position. 

(h)        If the Sarbanes-Oxley Act of 2002, the Dodd-Frank Wall Street Reform and Consumer
Protection Act (the “Dodd-Frank Act”), or other applicable law would require a greater amount of repayment than this Section 10 requires, then such greater amount shall apply. 

11.      Violation of Restrictive Covenant. If the Participant is or becomes subject to a restrictive
covenant (including, without limitation, a restrictive covenant regarding non-competition, non-solicitation, or confidentiality) under the terms of any employment, consulting, advisory or similar agreement entered into by the Participant and the
Company or any Affiliate or under a severance plan or other benefit plan of the Company or any Affiliate, and the Participant violates the terms of such restrictive covenant after the Participant’s termination of

  
 9 

 
employment, then any RSUs for which Shares have not yet been issued or transferred pursuant to Sections 4 or 5 shall be forfeited. The RSU grant is made in consideration of the application of the
current or future restrictive covenants to the RSUs. Forfeiture of the RSUs pursuant to this Section is in addition to any other consequences of a violation of a restrictive covenant under an applicable agreement or benefit plan, and shall not in
any way diminish or otherwise impact the remedies available under any such agreement or benefit plan. Upon any judicial determination that this Section is unenforceable in whole or in part, this Section shall be deemed to be modified so as to be
enforceable and to effect the original intent of the parties as closely as possible. 
 12.      Right of
Company to Terminate Employment. Nothing contained in the Plan or this Agreement shall confer on any Participant any right to continue in the employ of the Company or any of its Affiliates, and the Company and any such Affiliate shall have the
right to terminate the employment of the Participant at any such time, with or without cause, notwithstanding the fact that some or all of the RSUs and related Retained Distributions covered by this Agreement may be forfeited as a result of such
termination. The granting of the RSUs under this Agreement shall not confer on the Participant any right to any future Awards under the Plan. 

13.      Notices. Any notice which either party hereto may be required or permitted to give the other
shall be in writing and may be delivered personally or by mail, postage prepaid, addressed to Time Warner Cable Inc., at 7910 Crescent Executive Drive, Charlotte, NC 28217, attention Manager, Executive Compensation, and to the Participant at his or
her address, as it is shown on the records of the Company or its Affiliate, or in either case to such other address as the Company or the Participant, as the case may be, by notice to the other may designate in writing from time to time. Any such
notice shall be deemed effective upon receipt thereof by the addressee. 
 14.      Interpretation and
Amendments. The Board and the Committee (to the extent delegated by the Board) have plenary authority to interpret this Agreement and the Plan, to prescribe, amend and rescind rules relating thereto and to make all other determinations in
connection with the administration of the Plan. The Board or the Committee may from time to time modify or amend this Agreement in accordance with the provisions of the Plan, provided that no such amendment shall adversely affect the rights of the
Participant under this Agreement without his or her consent. 
 15.      Successors and Assigns. This
Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and shall be binding upon and inure to the benefit of the Participant and his or her legatees, distributees and personal representatives. 

16.      Copy of the Plan. The Participant agrees and acknowledges that he or she has received and read
a copy of the Plan. 
 17.      Governing Law. The Agreement shall be governed by, and construed in
accordance with, the laws of the State of New York without regard to any choice of law rules thereof which might apply the laws of any other jurisdiction. 

  
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 18.      Waiver of Jury Trial. To the extent not prohibited
by applicable law which cannot be waived, each party hereto hereby waives, and covenants that it will not assert (whether as plaintiff, defendant or otherwise), any right to trial by jury in any forum in respect of any suit, action, or other
proceeding arising out of or based upon this Agreement. 
 19.      Submission to Jurisdiction; Service of
Process. Each of the parties hereto hereby irrevocably submits to the jurisdiction of the state courts of the State of New York and the jurisdiction of the United States District Court for the Southern District of New York for the purposes of
any suit, action or other proceeding arising out of or based upon this Agreement. Each of the parties hereto to the extent permitted by applicable law hereby waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such
suit, action or proceeding brought in such courts, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that such suit, action or proceeding in
the above-referenced courts is brought in an inconvenient forum, that the venue of such suit, action or proceedings, is improper or that this Agreement may not be enforced in or by such court. Each of the parties hereto hereby consents to service of
process by mail at its address to which notices are to be given pursuant to Section 13 hereof. 

20.      Personal Data. The Company and its Affiliates may hold, collect, use, process and transfer, in
electronic or other form, certain personal information about the Participant for the exclusive purpose of implementing, administering and managing the Participant’s participation in the Plan. Participant understands that the following personal
information is required for the above named purposes: his/her name, home address and telephone number, office address (including department and employing entity) and telephone number, e-mail address, date of birth, citizenship, country of residence
at the time of grant, work location country, system employee ID, employee local ID, employment status (including international status code), supervisor (if applicable), job code, title, salary, bonus target and bonuses paid (if applicable),
termination date and reason, taxpayer’s identification number, tax equalization code, US Green Card holder status, contract type (single/dual/multi), any shares of stock or directorships held in the Company, details of all grants of RSUs
(including number of grants, grant dates, vesting type, vesting dates, and any other information regarding RSUs that have been granted, canceled, vested, or forfeited) with respect to the Participant, estimated tax withholding rate, brokerage
account number (if applicable), and brokerage fees (the “Data”). Participant understands that Data may be collected from the Participant directly or, on Company’s request, from any Affiliate. Participant understands that
Data may be transferred to third parties assisting the Company in the implementation, administration and management of the Plan, including the brokers approved by the Company, the broker selected by the Participant from among such Company-approved
brokers (if applicable), tax consultants and the Company’s software providers (the “Data Recipients”). Participant understands that some of these Data Recipients may be located outside the Participant’s country of
residence, and that the Data Recipient’s country may have different data privacy laws and protections than the Participant’s country of residence. Participant understands that the Data Recipients will receive, possess, use, retain and
transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Participant’s participation in the Plan, including any requisite transfer of such Data as may be required for the administration of
the Plan and/or the subsequent holding of Shares on the Participant’s behalf by a broker or other third party with whom the Participant may elect to deposit any Shares acquired pursuant to the Plan. Participant understands

  
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that Data will be held only as long as necessary to implement, administer and manage the Participant’s participation in the Plan. Participant understands that Data may also be made available
to public authorities as required by law, e.g., to the U.S. government. Participant understands that the Participant may, at any time, review Data and may provide updated Data or corrections to the Data by written notice to the Company. Except to
the extent the collection, use, processing or transfer of Data is required by law, Participant may object to the collection, use, processing or transfer of Data by contacting the Company in writing. Participant understands that such objection may
affect his/her ability to participate in the Plan. Participant understands that he/she may contact the Company’s stock plan administrator to obtain more information on the consequences of such objection. 

21.      Compliance With Code Section 409A. The Agreement is intended to comply with the
requirements of Code Section 409A to avoid taxation under Code Section 409A(a)(1) and shall, at all times be interpreted, operated and administered in a manner consistent with this intent. References herein to “termination of
employment” and similar terms used in this Agreement shall be deemed to refer to “separation from service” within the meaning of Code Section 409A to the extent necessary to comply with Code Section 409A, as applied using a
definition of “service recipient” with respect to any Affiliate that includes all entities that would be treated as a single employer with the Company under Code Sections 414(b) and 414(c) applying a 50 percent ownership level, rather
than an 80 percent ownership level (pursuant to Treasury Regulation Section 1.409-1(h)(3)). Notwithstanding any provision of the Agreement to the contrary, if at the time of a Participant’s separation from service, the Participant is
a “specified employee” as defined in Code Section 409A and any Shares or amounts otherwise payable under this Agreement as a result of such separation from service are subject to Code Section 409A, then no transfer or payment of
such Shares or amounts shall be made until the date that is six months following the Participant’s separation from service (or the earliest date as is permitted under Section 409A of the Code), and the Company will transfer or pay any
Shares or amounts that are delayed under the foregoing within sixty (60) days of such date. Notwithstanding the foregoing or any other term or provision of this Agreement or the Plan, neither the Company nor any Affiliate nor any of its or
their officers, directors, employees, agents or other service providers shall have any liability to any person for any taxes, penalties or interest due on any amounts paid or payable hereunder, including any taxes, penalties or interest imposed
under Code Section 409A. 
 22.      Incentive Compensation Repayments. By entering into this
Agreement, the Participant agrees and acknowledges that, if the Participant is, has been or becomes an executive officer subject to the incentive compensation repayment requirements of Section 954 of the Dodd-Frank Act, the RSUs awarded
hereunder (including any Dividend Equivalents and Retained Distributions, as applicable) and any Shares issued, cash paid, or amounts (including Shares) withheld for taxes upon distribution of such RSUs shall, to the extent required by the
Dodd-Frank Act, be subject to any Company policy maintained to comply with Section 954 of the Dodd-Frank Act or any regulations thereunder. 

23.      Entire Agreement. Except as specifically stated herein, this Agreement, together with the
Notice and the Plan, embodies the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof.
No statement, 

  
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representation, warranty, covenant or agreement not expressly set forth in this Agreement or the Notice shall affect or be used to interpret, change or restrict, the express terms and provisions
of this Agreement or the Notice; provided that, this Agreement and the Notice shall be subject to and governed by the Plan, and in the event of any inconsistency between the provisions of this Agreement or the Notice and the provisions
of the Plan, the provisions of the Plan shall govern. 

  
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 Time Warner Cable Inc. 2011 Stock Incentive Plan 

Addendum to RSU Agreement 

For Use After 01/01/14  

For Executives With Pre-2010 EAs Only 

TIME WARNER CABLE INC. 

Addendum to RSU Agreement 

Acceleration of RSUs During Severance Period 

WHEREAS, the Participant and the Company are subject to the terms of an employment agreement with an effective date prior to January 1,
2010 (“Pre-2010 Employment Agreement”); 
 WHEREAS, the Participant’s Restricted Stock Unit Agreement that vests based solely
on continued service and that is dated on or after January 1, 2014 and, if applicable, the Participant’s Restricted Stock Unit Agreement that vests based on both continued service and Company performance and that is dated on or after
January 1, 2014 (together, the “RSU Agreements”) state, among other things, that unless an employment agreement provides for more favorable equity treatment, unvested RSUs shall vest on a pro-rata basis immediately upon the
Participant’s involuntary termination of employment without cause that is not due to the Participant’s Performance; 
 WHEREAS,
the Pre-2010 Employment Agreement allows for the more favorable treatment of continued vesting of RSUs through the Participant’s severance period after a Participant’s involuntary termination of employment without cause, whether or not due
to Performance, and after a Participant’s voluntary termination of employment due to the Company’s material breach of the Participant’s Pre-2010 Employment Agreement; and 

WHEREAS, in the event of such a termination of employment during the term of the Pre-2010 Employment Agreement (including during any automatic
month-to-month extension of the term), the parties desire to provide for the more favorable vesting treatment, but with payment accelerated to termination of employment rather than on the scheduled vesting dates of the RSUs. 

NOW, THEREFORE, in consideration of the terms hereinafter set forth, the parties agree as follows: 

1.         The following provisions of this Addendum are incorporated into and hereby made a part of
the RSU Agreements. The provisions of this Addendum are effective immediately and shall continue in effect during the term of the Pre-2010 Employment Agreement. This Addendum shall modify and supersede any contrary provisions of the RSU Agreements
and the Pre-2010 Employment Agreement. 
 2.         All capitalized terms in this Addendum, to the
extent not otherwise defined herein, shall have the meanings assigned to them in the RSU Agreements. 

  
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 3.         For purposes of this
Addendum, “Severance Period” means the period of time during which the Participant receives salary continuation payments and is entitled under the Pre-2010 Employment Agreement to continued treatment as an employee of the
Company for equity compensation purposes as determined by the Company. 

4.         If, during the term of the Pre-2010 Employment Agreement, the
Participant’s employment with the Company and its Affiliates is (i) terminated by the Company or its Affiliates and such termination is not for Cause and not at a time when the Participant is eligible for Retirement or (ii) terminated
by the Participant under circumstances entitling the Participant to salary continuation payments under the Pre-2010 Employment Agreement, then this Section 4 shall apply, and Section 5(c) (for time-vesting RSUs) and Section 5(d) (for
performance-vesting RSUs) shall not apply. If this Section 4 applies, then the Participant will immediately vest (subject to satisfaction of the Performance Condition in the case of performance-vesting RSUs) upon the Participant’s
termination of employment in (v) all RSUs and related Retained Distributions that would vest on any Vesting Date that occurs during the Severance Period, and (w) a portion of the RSUs that have not yet vested and any Retained Distributions
related thereto, in addition to any RSUs and Retained Distributions that previously vested, based on the following calculation: 

(x) the total number of RSUs awarded under the Agreement and related Retained Distributions, 

multiplied by; 

(y) a fraction, the numerator of which shall be the number of days following the Date of Grant during which
the Participant was employed by the Company or any Affiliate plus the number of days to be covered by the Severance Period, and the denominator of which shall be the number of days in the Vesting Period, 

minus; 

(z) the number of RSUs awarded under the Agreement and related Retained Distributions that were vested
immediately before the Participant’s termination of employment and any RSUs awarded under the Agreement and related Retained Distributions that vested under clause (v) above. 

If the foregoing calculation results in a fractional Share, such fractional Share shall be rounded to the next higher whole
Share. Shares subject to such RSUs shall be issued or transferred and the related Retained Distributions shall be paid to the Participant within sixty (60) days of the Participant’s employment termination date. The RSUs and any related
Retained Distributions shall be forfeited if they were not already vested and are not vested under this Section 4, provided that, if the Participant will become eligible for Retirement during the Severance Period, the Participant
shall be vested in all RSUs and related Retained Distributions upon the Participant’s termination of employment. 

  
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 For purposes of the foregoing, the term “Vesting Period” means the period of
time that begins the day after the Date of Grant (as set forth in the Notice) and ends on the date that all RSUs would be fully vested under the vesting schedule set forth in the Notice. 

  
 16

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