Document:

EX-10.11 AMENDMENT NO. 4 TO PARTNERSHIP AGREEMENT

 

Exhibit
10.11
EXECUTION COPY

AMENDMENT NO. 4 TO THE

LIMITED PARTNERSHIP AGREEMENT OF

TEXAS CABLE PARTNERS, L.P.

     AMENDMENT No. 4 (this “Amendment”) TO THE LIMITED PARTNERSHIP AGREEMENT OF TEXAS CABLE
PARTNERS, L.P., dated as of May 1, 2004, among Time Warner Entertainment-Advance/Newhouse
Partnership, a New York general partnership (“TWE-A/N”), TWE-A/N Texas Cable Partners
General Partner LLC, a Delaware limited liability company (“TWE-A/N GP”), TCI Texas Cable
Holdings LLC, a Colorado limited liability company (“TCI”), TCI Texas Cable, Inc., a
Colorado corporation (“TCI GP”), Time Warner Entertainment Company, L.P., a Delaware
limited partnership (“TWE”), Comcast TCP Holdings, LLC, a Delaware limited liability
company (“LCM LLC”) as successor in interest to TCI of Missouri, Inc. (formerly known as
Liberty Cable of Missouri, Inc.), a Missouri corporation (“LCM”), and TCI of Overland Park,
Inc., a Kansas corporation (“Overland Park”).

     WHEREAS, Texas Cable Partners, L.P., a Delaware limited partnership (the
“Partnership”), was formed by TWE-A/N, TWE-A/N GP, TCI and TCI GP pursuant to a Limited
Partnership Agreement, dated as of June 23, 1998 (the “Original TCP Agreement”);

     WHEREAS, the Original TCP Agreement was amended by Amendment No. 1 thereto, dated as of
December 11, 1998, Amendment No. 2 thereto, dated as of May 16, 2000 and Amendment No. 3 thereto,
dated as of August 23, 2000 (as amended, the “Partnership Agreement”);

     WHEREAS, prior to the date hereof, TWE, LCM LLC and Overland Park were general partners of
Kansas City Cable Partners, a Colorado general partnership (“KCCP”), pursuant to an Amended
and Restated General Partnership Agreement of KCCP, dated as of August 31, 1998, as amended by
Amendment No. 1 thereto, dated as of December 8, 2003;

     WHEREAS, pursuant to the Delaware Revised Uniform Limited Partnership Act (Del. Code. Ann.
Tit. 6 § 17-101 et. seq.), the Colorado Uniform Partnership Act (Colo. Rev. Stat.
Ann. § 7-64-101 et. seq.), and that certain Agreement of Merger and Transaction
Agreement, dated as of December 1, 2003, amended by Amendment No. 1, dated as of December 19, 2003
(as amended, the “Transaction Agreement”), among the Partnership, KCCP, TWE-A/N, TWE-A/N
GP, TWE, TCI, TCI GP, LCM, LCM LLC, Overland Park, Comcast Corporation, a Pennsylvania corporation
(solely for purposes of being bound by Sections 3 and 6(p) thereof), and Time Warner Cable Inc., a
Delaware corporation (solely for purposes of being bound by Sections 3 and 6(p) thereof), on the
date hereof KCCP merged with and into the Partnership (the “Merger”), with the Partnership
as the surviving limited partnership;

     WHEREAS, pursuant to the Merger, each general partner interest of KCCP was converted into a
limited partner interest of the Partnership having the same

 

 

designations, preferences, rights, powers and duties as a limited partner interest of the
Partnership immediately prior to the effective time of the Merger; and

          WHEREAS, the parties hereto wish to amend the Partnership Agreement to reflect, among other
things, the Merger.

          In consideration of the covenants and agreements set forth herein and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties
hereby agree to amend the Partnership Agreement as follows:

     A. AMENDMENTS TO ARTICLE I (DEFINITIONS)

          1. Recitals and Section 1.1. The recitals and Section 1.1 (Definitions) of the
Partnership Agreement are hereby amended by deleting the following definitions in their entirety:
“Affiliate”; “Cable Affiliates”; “Closing Date”; “Contribution Agreement”; “Gross Asset Value”;
“Internet Backbone”; “Internet Services”; “Limited Partner”; “Management Agreement”; “Partnership
ADI/DMA”; “Related Partners”; “ServiceCo”; “Sprint Agreement”; “TWC”; “TWE”; “TWE-A/N Systems”;
and “Ultimate Parent”.

          2. Section 1.1. Section 1.1 (Definitions) of the Partnership Agreement is hereby
further amended by inserting the following definitions (alphabetically):

Affiliate: With respect to any Person, any other Person
Controlling, Controlled by or under common Control with such
Person; provided, that for purposes of this definition of
Affiliate as used in Section 8.4(x), any trust, formed for the
benefit of a Person or any of its Affiliates shall be deemed to be
controlled by any Person who, directly or indirectly, holds a
majority of the beneficial interests of such trust (and any Person
who controls such Person); provided, however,
that, none of Comcast, Advance/Newhouse or any of their Parents or
Subsidiaries shall be deemed to be an Affiliate of TWE-A/N. It is
hereby understood and agreed that for purposes of any indemnity
pursuant to Section 8.4 hereto, the definition of Affiliate shall
include the Asset Pool intended to be distributed to a set of
Related Partners.

Assets: Assets, properties and rights (including
goodwill), wherever located (including in the possession of
vendors or other third parties or elsewhere), whether real,
personal or mixed, tangible, intangible or contingent, in each
case whether or not recorded or reflected or required to be
recorded or reflected on the books and records or financial
statements of any Person, including the following:

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                    (a) all accounting and other books, records and files whether
in paper, microfilm, microfiche, computer tape or disc, magnetic
tape or any other form;

                    (b) all apparatus, computers and other electronic data
processing equipment, fixtures, machinery, equipment, furniture,
office equipment, automobiles, trucks, aircraft, rolling stock,
vessels, motor vehicles and other transportation equipment,
special and general tools, test devices, prototypes and models and
other tangible personal property;

                    (c) all inventories of materials, parts, raw materials,
supplies, work-in-process and finished goods and products;

                    (d) all interests in real property of whatever nature,
including easements and rights of way, whether as owner, mortgagee
or holder of a security interest in real property, lessor,
sublessor, lessee, sublessee or otherwise, and copies of all
related documentation;

                    (e) all interests in any capital stock or other equity
interests of any Subsidiary or any other Person, all bonds, notes,
debentures or other securities issued by any Subsidiary or any
other Person, all loans, advances or other extensions of credit or
capital contributions to any Subsidiary or any other Person and
all other investments in securities of any Person;

                    (f) all license agreements, leases of personal property, open
purchase orders for raw materials, supplies, parts or services,
unfilled orders for the manufacture and sale of products and other
contracts, agreements or commitments;

                    (g) all deposits, letters of credit and performance and
surety bonds;

                    (h) all written technical information, data, specifications,
research and development information, engineering drawings,
operating and maintenance manuals, and materials and analyses
prepared by consultants and other third parties; 

                    (i) all domestic and foreign patents, copyrights, trade
names, trademarks, service marks and registrations and
applications for any of the foregoing, mask works, trade secrets,
inventions, other proprietary information and

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licenses from third Persons granting the right to use any of the
foregoing;

                    (j) all computer applications, programs and other software,
including operating software, network software, firmware,
middleware, design software, design tools, systems documentation
and instructions; 

                    (k) all cost information, sales and pricing data, customer
prospect lists, supplier records, customer and supplier lists,
records pertaining to customers and customer accounts, customer
and vendor data, correspondence and lists, product literature,
artwork, design, development and manufacturing files, vendor and
customer drawings, formulations and specifications, quality
records and reports and other books, records, studies, surveys,
reports, plans and documents; 

                    (l) all prepaid expenses, trade accounts and other accounts
and notes receivable;

                    (m) all rights under contracts or agreements, all claims or
rights against any Person arising from the ownership of any Asset,
all rights in connection with any bids or offers and all claims,
choses in action or similar rights, whether accrued or contingent;

                    (n) all insurance proceeds and rights under insurance
policies and all rights in the nature of insurance,
indemnification or contribution;

                    (o) all licenses, permits, approvals and authorizations
issued by any supranational, national, state, municipal or local
government, political subdivision or other governmental
department, court, commission, board, bureau, agency,
instrumentality, or other authority thereof, or any
quasi-governmental or private body exercising any regulatory,
taxing, importing or other governmental or quasi-governmental
authority, whether domestic or foreign;

                    (p) all cash or cash equivalents, bank accounts, lock boxes
and other deposit arrangements;

                    (q) copies of all documentation related to insurance
policies; and

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                    (r) interest rate, currency, commodity or other swap, collar,
cap or other hedging or similar agreements or arrangements.

	 	 	 	Asset Pool Employee: Any individual who, as of the first
Distribution Date, (x) is then a current or former employee of
(including any full-time, part-time, temporary employee or an
individual in any other employment relationship with), or is then
on a leave of absence (including, without limitation, paid or
unpaid leave, disability, medical, personal, or any other form of
leave) from, TWE, TWE-A/N or any of their respective Affiliates
and (y) whose duties exclusively concern the operation of any
System, division or other entity within an Asset Pool;
provided, that “former employee” shall mean an individual
who terminated employment with TWE, TWE-A/N or any of their
respective Affiliates while rendering services exclusively to any
System, division or other entity within an Asset Pool at the time
of the termination. Notwithstanding the foregoing, “Asset Pool
Employee” shall not include (a) any corporate-level employee of
TWE or TWE-A/N (or any of their respective Affiliates) or (b) with
respect to any Asset Pool, any Specified Division Employee who has
accepted an offer of employment from the Non-Receiving Partners
commencing on the first Distribution Date. For the avoidance of
doubt, with respect to any Asset Pool, an “Asset Pool Employee”
shall include any Specified Division Employee who has accepted an
offer of employment from the Receiving Partners of such Asset Pool
commencing on the first Distribution Date.
	 
	 	 	 	Cable Affiliates: With respect to (i) TCI, TCI GP, LCM
LLC and Overland Park, Comcast Cable Communications Holdings,
Inc., a Delaware corporation, and its Subsidiaries and (ii)
TWE-A/N and TWE-A/N GP, TWE and its Subsidiaries.
	 
	 	 	 	Closing Date: December 31, 1998.
	 
	 	 	 	Comcast: Comcast Corporation, a Pennsylvania corporation
	 
	 	 	 	Contribution Agreement: The Contribution Agreement dated
as of June 23, 1998, by and among the Partnership, TWE-A/N,
TWE-A/N GP, TCI and TCI GP, as amended from time to time. Except
where the context indicates otherwise, all references to the
“Contribution Agreement” shall be deemed to include, to the extent
applicable, a 

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	 	 	 	reference to the corresponding provision of the KCCP Contribution
Agreement.

	 
	 	 	 	Debt: Indebtedness for borrowed money of the Partnership
or any of its Subsidiaries (including the KCCP Trust) and
including Partner Debt.
	 
	 	 	 	Effective Time: As defined in the Transaction Agreement.
	 
	 	 	 	FCC: Federal Communications Commission.
	 
	 	 	 	Gross Asset Value: With respect to any Asset, the Asset’s
adjusted basis for federal income tax purposes, except that (i)
the Gross Asset Value of any Asset contributed to the Partnership
shall be its gross Fair Market Value (as determined by the General
Partners) at the time such Asset is contributed or deemed
contributed (or the Asset for which such Asset is exchanged is
contributed or deemed contributed) for purposes of computing
Capital Accounts, (ii) upon a contribution of money or other
property to the Partnership by a new or existing Partner as
consideration for an Interest in the Partnership and upon a
distribution of money or other property to a retiring or
continuing Partner as consideration for an Interest in the
Partnership, the Gross Asset Value of all of the Assets of the
Partnership shall be adjusted to equal their respective gross Fair
Market Values, (iii) the Gross Asset Value of any Asset
distributed in kind to any Partner shall be the gross Fair Market
Value of such Asset on the date of such distribution and (iv) the
Gross Asset Value of any Asset determined pursuant to clauses (i)
or (ii) above shall thereafter be adjusted from time to time by
the Depreciation taken into account with respect to such Asset for
purposes of determining Net Profit or Net Loss. 
	 
	 	 	 	Houston Business: (i) The Systems set forth on
Exhibit B and any Assets of the Partnership or any of its
Subsidiaries primarily related thereto, (ii) Liabilities (other
than Debt) of the Partnership or any of its Subsidiaries primarily
related to such Systems and Assets, regardless of when arising or
whether the facts on which they are based occurred prior to, on or
subsequent to the Allocation Date, (iii) any Systems hereafter
acquired by the Partnership or any of its Subsidiaries and located
in the Houston DMA and (iv) any Assets and Liabilities (other than
Debt) hereafter acquired or incurred by the Partnership or any of
its Subsidiaries and primarily related to the Assets and
Liabilities described in clause (i), (ii) or (iii) of this
definition.

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	 	 	 	Houston DMA: The “Designated Market Area” for Houston,
Texas as described in the Code of Federal Regulations at 47 C.F.R.
§ 76.55(e).
	 
	 	 	 	Houston and SW Divisions: The Systems in the Houston
Business plus those Systems in the Southwest Division.
	 
	 	 	 	HSR Date: With respect to any given Asset Pool, the
earliest date upon which any applicable waiting periods under the
HSR Act have expired or terminated in respect of such Asset Pool.
	 
	 	 	 	Income Tax: Any federal, state or local tax which is
based upon, measured by, or calculated with respect to (i) net
income or profits (including, but not limited to, any capital
gains or minimum tax) or (ii) multiple bases (including, but not
limited to, corporate franchise, doing business or occupation
taxes), if one or more of the bases upon which such tax may be
calculated is described in clause (i) hereof.
	 
	 	 	 	Kansas Business: The Kansas & SW Business excluding the
Southwest Business.
	 
	 	 	 	Kansas Division: The Systems in the Kansas & SW Business
that are identified on Exhibit C as being part of the
Kansas Division.
	 
	 	 	 	Kansas & SW Business: (i) The Systems set forth on
Exhibit C and any Assets of the Partnership or any of its
Subsidiaries primarily related thereto, (ii) Liabilities (other
than Debt) of the Partnership or any of its Subsidiaries primarily
related to such Systems and Assets, regardless of when arising or
whether the facts on which they are based occurred prior to, on or
subsequent to the Allocation Date, (iii) any Systems hereafter
acquired by the Partnership or any of its Subsidiaries and located
in the Kansas & SW DMA and (iv) any Assets and Liabilities (other
than Debt) hereafter acquired or incurred by the Partnership or
any of its Subsidiaries and primarily related to the Assets and
Liabilities described in clause (i), (ii) or (iii) of this
definition.
	 
	 	 	 	Kansas & SW DMA: The “Designated Market Area” as set
forth in the Code of Federal Regulations at 47 C.F.R. § 76.55(e)
and as set forth in the table below:

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Designated
Market Area

Kansas City, MO

Kansas City, KS

Topeka, KS

Joplin-Pittsburg, KS

Corpus Christi, TX

Laredo, TX

El Paso, TX

Beaumont-Port Arthur, TX

Harlingen-Weslaco-Brownsville-McAllen, TX

San Antonio, TX

	 	 	 	KCCP: Kansas City Cable Partners, a Colorado general
partnership.
	 
	 	 	 	KCCP Contribution Agreement: The Contribution and
Assumption Agreement, dated as of March 23, 1998, among KCCP, TWE,
LCM LLC and Overland Park, as amended from time to time.
	 
	 	 	 	KCCP Management Agreement: The Second Amended and
Restated Management Agreement among the Partnership, the KCCP
Trust and TWC, dated as of May 1, 2004, pursuant to which the
Partnership has engaged TWC to provide management and other
services on its behalf to the KCCP Trust.
	 
	 	 	 	KCCP Trust: KCCP Trust, a Delaware statutory trust.
	 
	 	 	 	LCM LLC: Comcast TCP Holdings, LLC, a Delaware limited
liability company, as successor in interest to TCI of Missouri,
Inc. (formerly known as Liberty Cable of Missouri, Inc.), a
Missouri corporation.
	 
	 	 	 	Liabilities: Any and all losses, claims, charges,
indebtedness, including Debt, demands, actions, damages,
obligations, payments, costs and expenses, bonds, indemnities and
similar obligations, covenants, contracts, agreements,
controversies, omissions, make whole agreements and similar
obligations, and other liabilities, including all contractual
obligations, whether due or to become due, absolute or contingent,
inchoate or otherwise, matured or unmatured, liquidated or
unliquidated, accrued or unaccrued, known or unknown, determined
or determinable,

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	 	 	 	whenever arising, and including those arising under any law,
principles of common law (including negligence and strict
liability) or equity, action, threatened or contemplated action
(including the costs and expenses of demands, assessments,
judgments, settlements and compromises relating thereto and
attorneys’ fees and any and all costs and expenses, whatsoever
reasonably incurred in investigating, preparing or defending
against any such actions or threatened or contemplated actions),
order or consent decree of any governmental authority or any award
of any arbitrator or mediator of any kind, and those arising under
any contract, agreement, commitment or undertaking, in each case,
whether or not recorded or reflected or required to be recorded or
reflected on the books and records or financial statements of any
Person and in each case regardless of where such Liabilities arose
or arise, regardless of where or against whom such Liabilities are
asserted or determined (including any arising by directors,
officers, employees, agents, Subsidiaries or Affiliates) or
whether asserted or determined prior to the date hereof, and
regardless of whether arising from or alleged to arise from
negligence, recklessness, violation of law, fraud or
misrepresentation by any party or any of their respective
directors, officers, employees or agents or Affiliates.
	 
	 	 	 	Limited Partner: TWE-A/N, TWE, TCI, LCM LLC and Overland
Park and any other Person hereafter admitted as a limited partner
of the Partnership in accordance with the terms hereof, but
excluding any Person that ceases to be a Partner in accordance
with the terms hereof.
	 
	 	 	 	Management Agreement: The Amended and Restated Management
Agreement between the Partnership and TWC, dated as of May 1,
2004, pursuant to which the Partnership has engaged TWC to provide
management and other services to the Partnership. Except where
the context indicates otherwise, all references to the “Management
Agreement” or the “Management Agreement of the Partnership” shall
be deemed to include, to the extent applicable, a reference to the
KCCP Management Agreement or to the corresponding provision of the
KCCP Management Agreement, as the case may be. 
	 
	 	 	 	Merger: As defined in the Transaction Agreement.
	 
	 	 	 	Other Liabilities: Liabilities (other than Debt) of the
Partnership or any of its Subsidiaries that are not primarily

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	 	 	 	related to the Houston Business or the Kansas & SW Business,
regardless of when arising or whether the facts on which they are
based occurred prior to, on or subsequent to the Allocation Date.
	 
	 	 	 	Overland Park: TCI of Overland Park, Inc., a Kansas
corporation.
	 
	 	 	 	Overland Park Assets: “Assets,” as defined in the KCCP
Contribution Agreement.
	 
	 	 	 	Partner Debt: Indebtedness owed to any Partner.
	 
	 	 	 	Related Partners: (i) TWE-A/N, TWE-A/N GP and TWE and any
subsequent Permitted Transferees of their Interests, on the one
hand, and (ii) TCI, TCI GP, Overland Park and LCM LLC and any
subsequent Permitted Transferees of their Interests, on the other
hand.
	 
	 	 	 	Relevant Closing Date: With respect to Personnel of the
Houston and SW Divisions, December 31, 1998 and, with respect to
Personnel of the Kansas Division, August 31, 1998.
	 
	 	 	 	Shared Assets: Assets of the Partnership or any of its
Subsidiaries that are not included in either the Houston Business
or the Kansas & SW Business, it being understood that cash and
cash equivalents (excluding deposits under subscriber, utility,
pole rental or similar items related to a specific System, which
shall be considered Assets “primarily related” to such System for
all purposes hereunder) on hand as of the Allocation Date shall be
considered a Shared Asset.
	 
	 	 	 	Southwest Business: (i) The Systems in the Kansas & SW
Business that are identified on Exhibit C as being part of
the Southwest Business and any Assets primarily related thereto,
(ii) the Liabilities (other than Debt) of the Partnership or any
of its Subsidiaries primarily related to such Systems and Assets,
(iii) any Systems hereafter acquired by the Partnership or any of
its Subsidiaries and located in the Southwest DMA and (iv) any
Assets and Liabilities (other than Debt) hereafter acquired or
incurred by the Partnership or any of its Subsidiaries and
primarily related to the Assets and Liabilities described in
clause (i), (ii) or (iii) of this definition.

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	 	 	 	Southwest Division: The Systems in the Kansas & SW
Business that are identified on Exhibit C as being part of
the Southwest Division.
	 
	 	 	 	Southwest DMA: The “Designated Market Area” as set forth
in the Code of Federal Regulations at 47 C.F.R. § 76.55(e) and as
set forth in the table below:

Designated
Market Area

Corpus Christi, TX

Laredo, TX

El Paso, TX

Beaumont-Port Arthur, TX

Harlingen-Weslaco-Brownsville-McAllen, TX

San Antonio, TX

	 	 	 	Specified Division Employee: Any employee of TWE or
TWE-A/N (or any of their respective Affiliates) who is listed on
the schedule of “Senior Division Officers” provided by TWE to
Comcast prior to execution of the Transaction Agreement (and any
of their successors).
	 
	 	 	 	Transaction Agreement: The Agreement of Merger and
Transaction Agreement, dated as of December 1, 2003, by and among
the Partnership, TWE-A/N, TWE-A/N GP, TWE, TCI, TCI GP, KCCP,
Overland Park, LCM, Comcast Corporation (solely for purposes of
being bound by Sections 3 and 6(p) thereof) and Time Warner Cable
Inc. (solely for purposes of being bound by Sections 3 and 6(p)
thereof).
	 
	 	 	 	TWC: TWE in its capacity as General Manager.
	 
	 	 	 	TWE: Time Warner Entertainment Company, L.P., a Delaware
limited partnership.
	 
	 	 	 	TWI: Time Warner Inc., a Delaware corporation.
	 
	 	 	 	Ultimate Parent: With respect to any Partner, the Parent
of such Partner that is not a Subsidiary of any other Person. As
of the Effective Time, the Ultimate Parent of TWE-A/N and TWE-A/N
GP is TWI, and the Ultimate Parent of TCI, TCI GP, LCM LLC and
Overland Park is Comcast.

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               3. Section 1.1. Section 1.1 (Definitions) is hereby further amended by deleting the
phrase “(except for any determination made pursuant to Section 7.4(a) or 8.4(c))” in the
definition of “Fair Market Value”.

               4. Section 1.2. Section 1.2 (Cross References) of the Partnership Agreement is
hereby amended by (a) deleting the following terms from the cross-reference table: “Asset Pool”;
“Buy-Sell Notice”; “Buy-Sell Price”; “Buy-Sell Procedure”; “Buy-Sell Transaction”; “Contribution
Agreement”; “CPST Subscribers”; “Dissolution Notice”; “Dividing Partners”; “FCC”; “Initiating
Partners”; “Non-Initiating Partners”; “Purchasing Partners”; “Selecting Partners”; “Selection
Notice”; “Social Contract”; “Stated Value”; and “Transferring Partners” and (b) adding the
following terms to the cross-reference table (alphabetically):

	 
	Accounting Referee	 	8.4(r)
	Adjusted Partnership Item	 	8.4(o)
	Allocation Date	 	8.4(b)
	Allocation Notice	 	8.4(b)
	Applicable Asset Pool	 	8.4(n)
	Applicable Related Partners	 	8.4(n)
	Asset Pool	 	8.4(d)
	Balance Sheet	 	8.4(p)
	Comcast Partners	 	8.4(a)
	Comcast Selected Employees	 	8.4(k)
	Conditions	 	8.4 (f)
	Conditions Notice	 	8.4(h)
	Delayed Partners	 	8.4(h)
	Delivery Date	 	8.4(p)
	Dissolution Date	 	8.4(h)
	Dissolution Notice	 	8.4(a)
	Dissolution Offer Notice	 	8.4(x)
	Dissolution Offer Period	 	8.4(x)
	Dissolution Offeree Partners	 	8.4(x)
	Distribution Date	 	8.4(h)
	Distribution Waiver	 	8.4(h)
	Dissolution Offering Partners	 	8.4(x)
	Filings Completion Date	 	8.4(f)
	Houston Amount	 	8.4(d)
	Houston Asset Pool	 	8.4(d)
	HSR Act	 	8.4(f)
	ISP Agreement	 	4.10(o)
	Kansas & SW Amount	 	8.4(d)
	Kansas & SW Asset Pool	 	8.4(d)
	New Management Agreement	 	8.4(m)
	Nonassignable Asset	 	8.4(i)
	Non-Receiving Partners	 	8.4(e)
	Non-Selling Indemnified Parties	8.4(x)

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	Non-Triggering Partners Pool	 	8.4(c)
	Payee Asset Pool	 	8.4(t)
	Payor Asset Pool	 	8.4(t)
	Receiving Partners	 	8.4(e)
	Refinancing Date	 	8.4(g)
	Relevant Systems	 	8.4(m)
	Satisfaction Date	 	8.4(h)
	Satisfied Asset Pool	 	8.4(h)
	Satisfied Partners	 	8.4(h)
	Selection Date	 	8.4(f)
	Topside Description	 	5.2(a)
	Transfer Assets	 	8.4(x)
	Triggering Date	 	8.4(a)
	Triggering Partners Pool	 	8.4(c)
	TWI Partners	 	8.4(k)
	TWI Selected Employees	 	8.4(k)
	Waiver	 	8.4(x)
	Working Capital Amount	 	8.4(u)

     B. AMENDMENTS TO ARTICLE II (ORGANIZATION)

          1. Section 2.1. Section 2.1 (Formation) of the Partnership Agreement is hereby
amended by deleting the first sentence in its entirety and replacing it with the following:

“The Partnership was formed on May 21, 1998, as a limited
partnership under and pursuant to the provisions of the Act.”

          2. Section 2.2. Section 2.2 (Name) of the Partnership Agreement is hereby amended
by replacing “Texas Cable Partners, L.P.” with “Texas and Kansas City Cable Partners, L.P.”

          3. Section 2.3(a). Clause (a) of Section 2.3 (Purpose) of the Partnership Agreement
is hereby amended by deleting such section in its entirety and replacing it with the following:

“(a) to acquire, develop, own, finance, invest in, maintain,
operate, expand, sell, exchange or otherwise dispose of cable
television systems serving areas located primarily in (i) the
Houston DMA and (ii) the Kansas & SW DMA (collectively, the
“Systems”);”

4. Section 2.3(c). Clause (c) of Section 2.3 (Purpose) of the Partnership Agreement
is hereby amended by deleting any references therein to “Section 6.5”.

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     C. AMENDMENTS TO ARTICLE III (COMPANY CAPITAL)

          1. Section 3.1. Section 3.1 (Percentage Interests) of the Partnership Agreement is
hereby amended by deleting it in its entirety and replacing it with the following:

“3.1 Percentage Interests. As of the Effective Time,
after giving effect to the Merger, the respective Percentage
Interests and the respective Capital Accounts (as defined in
Section 3.3 hereof) of the Partners (or their transferees) in the
Partnership are as set forth below:

	 	 	 	 	 	 	 	 	 
	Partner	 	Percentage Interest	 	 	Capital Account Balance	 
	TWE-A/N
	 	 	38.784	%	 	$	1,569,764,295	 
	TWE
	 	 	10.824	%	 	$	438,098,000	 
	TCI
	 	 	38.784	%	 	$	1,569,764,295	 
	LCM LLC
	 	 	10.004	%	 	$	404,898,934	 
	Overland Park
	 	 	0.820	%	 	$	33,199,066	 
	TWE-A/N GP
	 	 	0.392	%	 	$	15,856,205	 
	TCI GP
	 	 	0.392	%	 	$	15,856,205	 

A Partner’s Interest shall for all purposes be personal property.
Except as expressly provided herein, no Partner shall have any
interest in specific Partnership property.”

          2. Section 3.2. Section 3.2 (Capital Contributions) of the Partnership Agreement is
hereby amended by adding the following at the end of such section:

“(f) The Partners hereby acknowledge and agree that any capital
contributions made by TWE, LCM LLC or Overland Park to KCCP prior
to the Effective Time shall be treated as capital contributions to
the Partnership.”

          3. Section 3.3. Section 3.3 (Capital Accounts) of the Partnership Agreement is
hereby amended by deleting it in its entirety and replacing it with the following:

“(a) A separate capital account (a “Capital Account”)
shall be maintained for each Partner. Each Partner’s Capital
Account shall be credited with (i) the amount of such Partner’s
capital contribution made in cash, (ii) the Fair Market Value (net
of liabilities assumed or taken subject to) of all property
contributed by such Partner and (iii) such Partner’s allocated
share of Net Profit of the Partnership.

14

 

Each Partner’s Capital Account shall be reduced by the amount of
any cash distributions to such Partner and the Fair Market Value
(net of liabilities assumed or taken subject to) of all property
distributed in kind to such Partner and such Partner’s allocated
share of Net Loss of the Partnership.

(b) In the event of a Transfer of any Interest in the Partnership,
the transferee shall succeed to that portion of the transferor’s
Capital Account that relates to such transferred Interest.”

          4. Section 3.7. Section 3.7 (Partnership Debt) of the Partnership Agreement is hereby
amended by deleting the first three sentences thereof (which had been previously added pursuant to
Amendment No. 1 to the Partnership Agreement). Section 3.7 (Partnership Debt) of the Partnership
Agreement is hereby further amended by adding the following at the end thereof: “The foregoing
provisions of this Section 3.7 shall apply mutatis mutandis to any credit agreement of any
Subsidiary of the Partnership, including the KCCP Trust. The Partners hereby agree to cause the
Partnership and its Subsidiaries, including the KCCP Trust, to have no less than $1,500,000,000 of
aggregate Debt at all times prior to the Selection Date.”

     D. AMENDMENTS TO ARTICLE IV (PARTNERS; MANAGEMENT OF THE PARTNERSHIP)

          1. Section 4.5. The first sentence of Section 4.5 (Actions Requiring Approval of the
Management Committee) of the Partnership Agreement is hereby amended by inserting “or any of the
Partnership’s Subsidiaries, including without limitation the KCCP Trust,” after the phrase “the
General Partners shall not permit the Partnership”. Section 4.5 (Actions Requiring Approval of
the Management Committee) of the Partnership Agreement is hereby further amended such that all
limitations imposed therein on the Partnership shall be deemed to apply to the Partnership
together with its Subsidiaries, including without limitation, the KCCP Trust.

          2. Section 4.5(b). Clause (b) of Section 4.5 (Actions Requiring Approval of the
Management Committee) of the Partnership Agreement is hereby amended by adding the following at
the beginning of such section:

“(1) enter into any transaction involving the sale, exchange,
transfer or other disposition of any of the Overland Park Assets
which, when added to all other sales, exchanges, transfers or
other dispositions of Overland Park Assets, would cause the
aggregate Gross Asset Value of all Overland Park Assets sold,
exchanged, transferred or otherwise disposed of since August 31,
1998 to exceed $250,000, other than sales, exchanges, transfers or
other dispositions pursuant to Articles VII and VIII; or (2)”

15

 

          3. Section 4.5(f). Clause (f) of Section 4.5 (Actions Requiring Approval of the
Management Committee) of the Partnership Agreement is hereby amended by adding the following at
the end thereof: “or, for each fiscal year after 2003, modify or materially deviate from the
then-effective Annual Budget for each Asset Pool (it being understood that for each such fiscal
year, the making of capital expenditures and operating expenditures not exceeding 110% and 105%,
respectively, of the amount budgeted therefor in the then-effective Annual Budget for such Asset
Pool shall not be considered a material deviation from such Annual Budget for such Asset Pool for
purposes of this Section 4.5(f));”.

          4. Section 4.5(o). Clause (o) of Section 4.5 (Actions Requiring Approval of the
Management Committee) of the Partnership Agreement is hereby amended by deleting any references
therein to “Section 7.2(d)”.

          5. Section 4.5(q). Clause (q) of Section 4.5 (Actions Requiring Approval of the
Management Committee) of the Partnership Agreement is hereby amended and restated in its entirety
to read as follows: “(q) enter into any amendment to the Management Agreement or the KCCP
Management Agreement;”.

          6. Section 4.5(r). A new clause (r) is hereby added to Section 4.5 (Actions
Requiring Approval of the Management Committee) of the Partnership Agreement as follows:

“(r) amend the organizational documents of any Subsidiary of the
Partnership, including the trust agreement governing the KCCP
Trust;”

          7. Section 4.5(s). A new clause (s) is hereby added to Section 4.5 (Actions Requiring
Approval of the Management Committee) of the Partnership Agreement as follows:

“(s) issue or authorize the issuance of any securities of any
Subsidiary of the Partnership (including the KCCP Trust), other
than to the Partnership or any wholly-owned Subsidiary of the
Partnership; and”

          8. Section 4.5(t). A new clause (t) is hereby added to Section 4.5 (Actions Requiring
Approval of the Management Committee) of the Partnership Agreement as follows:

“(t) acquire any material Shared Asset that will not be
practicably divisible on the first Distribution Date;”

          9. Section 4.5. Section 4.5 (Actions Requiring Approval of the Management Committee)
of the Partnership Agreement is hereby amended by adding the following at the end of such section:

16

 

“provided that, after the HSR Date for the Asset Pool
intended to be distributed to the Comcast Partners, the Partnership
may take any of the foregoing actions, other than those described
in Section 4.5(b) or Section 4.5(t), to the extent solely relating
to the Asset Pool intended to be distributed to the Comcast
Partners if TCI GP consents to such action; provided
further, that, after the HSR Date for the Asset Pool
intended to be distributed to the TWI Partners, the General Manager
(so long as it remains an Affiliate of TWI) may cause the
Partnership to take any of the foregoing actions, other than those
described in Section 4.5(b) or Section 4.5(t), to the extent solely
relating to the Asset Pool intended to be distributed to the TWI
Partners without the consent of any General Partner.”

          10. Section 4.6. Section 4.6 (General Manager) of the Partnership Agreement is hereby
amended as follows:

     (a) The proviso to the second sentence is amended by deleting it in its entirety
and replacing it with the following:

     “ provided that the General Manager shall act in full
accordance with the terms of the Management Agreement, the
decisions of the Management Committee pursuant to Section 4.5 and
the General Partners pursuant to Section 4.10 and shall have no
authority to take any action requiring approval of the Management
Committee or the General Partners without first obtaining such
approval.”

     (b) The third sentence is amended by deleting the words “(subject to Section
6.4(a))”.

     (c) The following is added to the end of Section 4.6:

     “Except where the context otherwise indicates, all references in
this Agreement to the “General Manager” shall be deemed to include,
to the extent applicable, the general manager of the KCCP Trust.”

          11. Section 4.9. Section 4.9 (Annual Budget) of the Partnership Agreement is hereby
amended as follows:

     (a) The first sentence is amended by deleting it in its entirety and replacing
it with the following:

“The Partnership has an annual budget for the operations of the
Partnership and its Subsidiaries for 2004 (the “Initial 

17

 

Budget”) which has been approved by the Partners pursuant
to the Transaction Agreement. The Initial Budget includes, and
each Annual Budget (as defined below) shall include, a separate
budget (including details of revenues, expenses, capital
expenditures, etc. on a monthly basis) for each of the Houston
Business, the Kansas Business and the Southwest Business (such
separate budgets shall, with respect to an Asset Pool, be treated
as the Annual Budget therefor). Notwithstanding the foregoing,
the budgets for each of the Houston Business, the Kansas Business
and the Southwest Business shall be considered, for purposes of
approval required under this Section 4.9, as a single combined
Annual Budget and shall be submitted as such to the Management
Committee for approval in its entirety.”

     (b) The second sentence is amended by deleting the reference therein to “1999”
and replacing it with “2004”.

          12. Section 4.10. A new Section 4.10 is hereby added to the Partnership Agreement as
follows:

“4.10 Actions Requiring Approval of the General Partners.
From the date of the Dissolution Notice until the Distribution
Date for an Asset Pool, the Partnership shall, and shall cause its
Subsidiaries to, (i) operate each Asset Pool in the ordinary
course consistent with past practice (including completing line
extensions, placing conduit or cable in new developments,
fulfilling installation requests and continuing work on existing
construction projects and including subscriber acquisition and
retention) and not modify or materially deviate from the Annual
Budget then in effect for such Asset Pool; (ii) use commercially
reasonable efforts to preserve intact each Asset Pool’s business
organizations and relationships with third parties and to keep
available the services of the employees presently employed in the
operation of such Asset Pool’s Systems; (iii) continue normal
marketing, advertising and promotional expenditures with respect
to each Asset Pool’s Systems; and (iv) make capital expenditures
and operating expenditures consistent with the Annual Budget for
each Asset Pool; provided, however, that with
respect to each Asset Pool, for each fiscal year, the making of
capital expenditures and operating expenditures exceeding 110% or
105%, respectively, of the amount budgeted therefor in the
then-effective Annual Budget for such Asset Pool shall be
considered a material deviation from, or inconsistent with, such
Annual Budget for such Asset Pool for purposes of clauses (i) and
(iv) of this

18

 

sentence; provided further, that from and after
the Selection Date (A) the Partnership shall be permitted not to
comply with the provisions of this sentence to the extent solely
relating to the Asset Pool intended to be distributed to the
Comcast Partners if TCI GP consents to such action; and (B) the
General Manager (so long as it remains an Affiliate of TWI) may
cause the Partnership not to comply with this sentence to the
extent solely related to the Asset Pool intended to be distributed
to the TWI Partners without the consent of any other Person.
Without limiting the generality of the foregoing, (x) from the
date of the Dissolution Notice until the Selection Date, the
Partnership and the General Manager will not, and will cause the
Subsidiaries of the Partnership not to, without the consent of
each General Partner (which consent shall not be unreasonably
withheld or delayed) and (y) from the Selection Date until the
first Distribution Date, the Partnership and the General Manager
will not, and will cause the Subsidiaries of the Partnership not
to, without the consent of each General Partner, in each case
except to the extent such action is contemplated by the Annual
Budget then in effect (with specificity reasonably sufficient to
have put the Partners on notice of such action at the time of
approval of an Annual Budget):

(a) modify, terminate, renew, suspend or abrogate any franchises
and similar authorizations or similar permits issued by any Person
related to the Systems or material cable television relay service,
business radio and other licenses, authorizations, consents or
permits issued by the FCC or any other Person related to the
Systems or agree to the imposition of any condition to the
transfer of any of the foregoing;

(b) enter into any material amendment to any contract or
commitment which meets the criteria set forth in Section 4.10(d)
hereof;

(c) terminate any contract or commitment which meets the criteria
set forth in Section 4.10(d) hereof, other than a termination of
such contract or commitment at its stated expiration date;

(d) enter into or renew any contract or commitment of any kind
relating to the Systems which would be binding on any System after
the first Distribution Date and which (i) would involve an
aggregate expenditure or receipt in excess of $1,000,000; (ii)
would limit the freedom of any Partner or

19

 

its Affiliates to compete in any line of business or with any
Person or in any area; (iii) is not on arm’s-length terms; or (iv)
is with a Partner or any of its Affiliates;

(e) engage in any marketing, subscriber installation or collection
practices other than in the ordinary course of business;

(f) change the rate charged for any level of cable television
service including, without limitation, any level of basic, tiered
or pay cable television service, or re-tier its channels;

(g) add or delete any channels from any System, or change the
channel lineup in any System or commit to do so in the future;

(h) grant or agree to grant to any employee of the Systems any
increase in (i) wages or bonuses except in the ordinary course of
business and consistent with past practices or (ii) any severance,
profit sharing, retirement, deferred compensation, insurance or
other compensation or benefits, except in the ordinary course of
business and consistent with past practices;

(i) engage in any hiring practices that are inconsistent with past
practices;

(j) sell, assign, transfer or otherwise dispose of any assets
except in the ordinary course of business and except for the
disposition of obsolete or worn-out equipment;

(k) mortgage, pledge or subject to any material lien that would
survive the first Distribution Date any of the Assets or the
Systems;

(l) make any cost-of-service or hardship election under the Rules
and Regulations adopted under the Cable Television Consumer
Protection and Competition Act of 1992;

(m) enter into any transaction involving the borrowing of funds or
the incurrence of debt (including the issuance of debt securities)
by the Partnership or any of its Subsidiaries;

(n) make or change any tax election, change any annual tax
accounting period, adopt or change any method of tax accounting,
file any amended return, enter into any closing

20

 

agreement, settle any tax claim or assessment, surrender any right
to claim a tax refund, offset or other reduction in tax liability
with respect to an Asset Pool for any period (or portions thereof)
commencing on or after the Allocation Date; provided, that
this Section 4.10(n) shall not prevent the Partnership or the
General Manager from taking any such action for periods (or
portions thereof) ending prior to the Allocation Date in
accordance with the Partnership Agreement and the Management
Agreement as in effect immediately prior to the execution and
delivery of this Agreement; provided further, that
the Partnership or the General Manager shall not take any action
described in the preceding proviso without (1) TCI GP’s consent,
if such action would materially disproportionately adversely
affect the tax treatment of the Comcast Partners or the tax
attributes of the Asset Pool intended to be distributed to the
Comcast Partners when compared to such action’s adverse effect on
the tax treatment of the TWI Partners or the tax attributes of the
Asset Pool intended to be distributed to the TWI Partners and (2)
TWE-A/N GP’s consent, if such action would materially
disproportionately adversely affect the tax treatment of the TWI
Partners or the tax attributes of the Asset Pool intended to be
distributed to the TWI Partners when compared to such action’s
adverse effect on the tax treatment of the Comcast Partners or the
tax attributes of the Asset Pool intended to be distributed to the
Comcast Partners;

(o) enter into any agreement with an internet service provider
that relates to or would otherwise bind any System (an “ISP
Agreement”), or enter into any capacity use agreement that
relates to or would otherwise bind any System, after the first
Distribution Date and which would not be terminable without
penalty as to Systems transferred to Persons not Affiliated with
the TWI Partners after a reasonable transition period (not to
exceed one hundred and twenty (120) days);

provided that, after the Selection Date, the Partnership
may take any of the foregoing actions to the extent solely
relating the Asset Pool intended to be distributed to the Comcast
Partners if TCI GP consents to such action; provided
further, that, after the Selection Date, the General
Manager (so long as it remains an Affiliate of TWI) may cause the
Partnership to take any of the foregoing actions to the extent
solely related to the Asset Pool intended to be distributed to the
TWI Partners without the consent of any General Partner.

21

 

The Partners hereby agree that, notwithstanding anything to the
contrary contained herein or in the Management Agreement, if the
General Manager seeks the consent of TCI GP to take any of the
actions set forth in clauses (a) through (o) of this Section 4.10
and TCI GP does not promptly consent to the taking of such action,
then the Partnership and the General Manager and its Affiliates
shall have no liability to the Comcast Partners for or with
respect to any and all Damages arising from or related to the
failure of the Partnership to take such action.”

     E. AMENDMENTS TO ARTICLE V (BOOKS AND RECORDS; REPORTS TO PARTNERS)

          1. Section 5.2. Section 5.2 (Financial Statements) of the Partnership Agreement is
hereby amended by deleting it in its entirety and replacing it with the following:

     “5.2 Financial Statements. The Partnership shall cause the General Manager to
deliver, or cause to be delivered, to each Partner the following information and financial
statements:

     (a) Within thirty (30) days after the close of each of the first three
quarterly accounting periods in each fiscal year (i) an unaudited consolidated
statement of Partners’ equity, (ii) an unaudited consolidated income statement of
the Partnership for such year to date period, (iii) an unaudited consolidated
balance sheet of the Partnership as of the end of such quarterly period, and (iv)
an unaudited consolidated statement of cash flows of the Partnership for such year
to date period, all prepared in accordance with generally accepted accounting
principles consistently applied by the Partnership, subject to year-end
adjustments, and except for any inconsistencies explained in such statement and for
the absence of footnotes. The financial statements to be delivered pursuant to
this Section 5.2(a) shall include consolidating schedules showing separately each
of the Houston Business and the Southwest Business, together with the amount and a
description of the Assets and Liabilities accounted for at the Partnership’s
topside cost centers (a “Topside Description”).

     (b) Within eighty (80) days after the close of each fiscal year (i) a
consolidated statement of Partners’ equity of the Partnership for such fiscal year,
(ii) a consolidated income statement of the Partnership for such fiscal year, (iii)
a consolidated balance sheet of the Partnership as of the end of such fiscal year,
and (iv) a consolidated statement of cash flows of the Partnership for such fiscal
year, all prepared in accordance with Regulation S-X and generally accepted
accounting principles consistently applied, except for any inconsistencies
explained therein, and accompanied by a report thereon of the Partnership’s
independent accountants. The financial

22

 

statements to be delivered pursuant to this Section 5.2(b) shall include
consolidating schedules showing the Houston Business and the Southwest Business,
together with a Topside Description.

     (c) Notwithstanding anything herein to the contrary, the KCCP Trust shall not
be considered consolidated with the Partnership for purposes of this Section 5.2,
and all reports and information required to be delivered pursuant to this Section
5.2 with respect to the Partnership shall also be delivered with respect to the
KCCP Trust.

     (d) For each of the Houston Business, the Kansas Business and the Southwest
Business on a separate basis, within thirty days after the close of each calendar
month: (i) an unaudited internally formatted income statement for such calendar
month, complete with year-to-date comparisons to budget and the corresponding
period of the prior year; (ii) an unaudited report of actual capital expenditures
for the month and year-to-date, as compared to budgeted capital expenditures; (iii)
a division report setting forth for such calendar month and with respect to the
CATV systems included in each business the following information: (x) a reasonable
estimate of the cumulative number of households having access to such Systems, (y)
the number of subscribers to each of such Systems’ services, and (z) a reasonable
estimate of the number of plant miles; and (iv) a profits and loss analysis of the
Assets and Liabilities accounted for at the Partnership’s topside cost centers.
The foregoing monthly information shall include, but not be limited to, the type of
information contained in Exhibit D.

     (e) Such other information as any partner may reasonably request, including
without limitation, information related to Asset Pool Employees and Specified
Division Employees, and the Assets and Liabilities associated therewith.

     (f) Notwithstanding any provision of this Agreement to the contrary, any
information to which a Partner Affiliated with Comcast is otherwise entitled under
clause (e) of this Section 5.2 shall be subject to the following understandings:

     (i) requests to review the general ledger of the Partnership by any
Comcast Partner shall be considered reasonable in connection with
determinations necessary to appropriately allocate Debt or select an Asset
Pool in connection with the Dissolution Procedure, to verify compliance
with “closed system” accounting in Section 8.4(e) or the Working Capital
Amount determination in Section 8.4, and for such other special projects as
are from time to time reasonably needed (it being understood that any such
review is not intended to grant the Comcast Partners an

23

 

audit right that they are otherwise not entitled to in connection with
the Working Capital Amount determination or under the Act);

     (ii) information unrelated to the Partnership or its Subsidiaries may
be redacted by the General Manager (it being understood that information
obtained or created in a Partner’s capacity as a Partner, including,
without limitation, information prepared in contemplation of or in
connection with any dispute with another Partner, shall not be considered
information related to the Partnership);

     (iii) the General Manager may elect to exclude or redact information
that contains competitively sensitive information, that is subject to
confidentiality restrictions or that contains trade secrets or other
sensitive information to the extent necessary to protect the legitimate
business and confidentiality concerns of TWE and its Affiliates, in each
case taking into account the need, if any, for such Partner to have such
information in evaluating the appropriate allocation of Debt or selection
of an Asset Pool in connection with the Dissolution Procedure, otherwise in
connection with the Dissolution Procedure or for any other legitimate
purpose relating to its Interest in the Partnership; and

     (iv) Notwithstanding any of the restrictions on providing requested
information in this clause (f), the Partnership will provide, upon
reasonable prior notice, for the bona fide purpose of evaluating the
appropriate allocation of Debt or selection of Asset Pools to be made in
connection with the Dissolution Procedure or otherwise in connection with
the Dissolution Procedure, copies of all contracts that would have the
effect of binding the Systems intended to be distributed to the Comcast
Partners in connection with the Dissolution Procedure (assuming for this
purpose that, in the case of disclosure prior to the Selection Date, all
the Systems are intended to be distributed to Comcast) if either (A) such
contract would bind such System at any time following 120 days after the
first Distribution Date or (B) such contract would result in a penalty on
termination on the Systems intended to be distributed to the Comcast
Partners; provided that in no event shall the parties request or
provide information hereunder in a manner that would violate applicable
law, rules or regulations, including, without limitation regulations and
orders of the FCC.”

     F. AMENDMENTS TO ARTICLE VI (CERTAIN AGREEMENTS)

          1. Section 6.1. Section 6.1 (Other Businesses of the Partners) of the Partnership
Agreement is hereby amended by adding the following at the end of such section:

24

 

“For purposes of this Section 6.1, the business of the Partnership
shall be deemed to include the business of any Subsidiary of the
Partnership, including without limitation, the KCCP Trust.”

          2. Section 6.2. Section 6.2 (Non-Competition) of the Partnership Agreement is hereby
amended by replacing each occurrence of the phrase “Schedules 1 or 2” with “Exhibits B or C”.

          3. Section 6.3. Section 6.3 (Confidentiality) of the Partnership Agreement is hereby
amended as follows:

     (a) Clause (g) of Section 6.3 is amended by deleting it in its entirety and
replacing it with the following: “[Intentionally Omitted.]”

     (b) Section 6.3 is amended by adding the following at the end of such section:

“For purposes of this Section 6.3, the business of the Partnership
shall be deemed to include the business of any Subsidiary of the
Partnership, including, without limitation, the KCCP Trust.
Notwithstanding any provision in this Agreement to the contrary,
any Person subject to this Section 6.3 (and each officer,
director, employee, representative or other agent of any such
Person) is permitted to disclose to any and all persons, without
limitation of any kind, the tax treatment and tax structure of the
transactions contemplated by this Agreement or the Contribution
Agreement, and all materials of any kind (including opinions or
other tax analyses) related to such tax treatment and tax
structure; provided that this Section 6.3 shall not permit
any person to disclose, except as otherwise set forth herein, the
name of, or other information that would identify, any party to
such transactions or to disclose confidential commercial or
strategic information, or other proprietary information regarding
such transactions not related to such tax treatment and tax
structure.”

          4. Section 6.4(a). Clause (a) of Section 6.4 (Internet Services; Designated
Programming Services) of the Partnership Agreement is hereby amended by deleting it in its
entirety and replacing it with the following: “[Intentionally Omitted.]”

          5. Section 6.5. Section 6.5 (Telephony Restrictions) of the Partnership Agreement is
hereby amended by deleting it in its entirety and replacing it with the following:
“[Intentionally Omitted.]”

25

 

          6. Section 6.6. Section 6.6 (Excess Inventory) of the Partnership Agreement is
hereby amended by deleting it in its entirety and replacing it with the following:
“[Intentionally Omitted.]”

          7. Section 6.8. Section 6.8 (Time Warner Social Contract) of the Partnership
Agreement is hereby amended by deleting it in its entirety and replacing it with the following:
“[Intentionally Omitted.]”

          8. Section 6.9. Section 6.9 (Furnishing of Employees by TWE-A/N) of the Partnership
Agreement is hereby amended as follows:

     (a) Clause (c) of Section 6.9 is amended by deleting references therein to
“Closing Date” and replacing it with “Relevant Closing Date.”

     (b) Section 6.9 is amended by adding the following at the end of such section:

“(g) The Partners hereby acknowledge that pursuant to the KCCP
Management Agreement (i) the personnel providing services to the
KCCP Trust shall be employees of TWE and not TWE-A/N or the
Partnership and (ii) the wages, costs and expenses incurred by TWE
or its Affiliates and attributable to the personnel providing
services to the KCCP Trust shall be paid by the KCCP Trust to TWE
or its Affiliates, as appropriate, in accordance with the terms of
the KCCP Management Agreement. The Partners further acknowledge
that (x) all duties and obligations of TWE-A/N under this Section
6.9 are intended to relate to the Partnership and its operations
and properties excluding the KCCP Trust and its operations and
properties, which are governed separately by the KCCP Management
Agreement and (y) the parties do not intend duplication of efforts
or expenses by TWE-A/N under this Section 6.9 and TWE under the
KCCP Management Agreement with respect to the personnel.”

          9. Section 6.10. Section 6.10 of the Partnership Agreement (Operating Support and
Consulting Services) is hereby amended by deleting it in its entirety and replacing it with the
following: “[Intentionally Omitted.]”

          10. Section 6.11. Article VI (Certain Agreements) of the Partnership Agreement is
hereby amended by adding the following at the end of such section:

“6.11 Kansas Business. The Partners agree that the Kansas
Business will be operated solely through the KCCP Trust and no
other business shall be operated through the KCCP Trust or owned
by the KCCP Trust.”

26

 

     G. AMENDMENTS TO ARTICLE VII (TRANSFERS)

          1. Section 7.1. Section 7.1 (General Restrictions) of the Partnership Agreement is
hereby amended so that the fifth sentence of such section shall for all purposes be deemed to
apply to the KCCP Trust such that upon the occurrence of an event whereby a General Partner
acquires the right to designate itself or another qualified Person to become General Manager of
the Partnership, such General Partner shall also acquire the right to cause the Partnership to
designate such General Partner or another qualified Person to become the general manager of the
KCCP Trust.

          2. Section 7.2(a). Clause (a) of Section 7.2 (Permitted Transfers) of the
Partnership Agreement is hereby amended by deleting any references therein to “Section 7.4”.

          3. Section 7.2(b). Clause (b) of Section 7.2 (Permitted Transfers) of the
Partnership Agreement is hereby amended by (x) adding references to Overland Park and LCM LLC
after each reference to TCI and (y) deleting any references therein to “Section 7.2(d)”.

          4. Section 7.2(d). Clause (d) of Section 7.2 (Permitted Transfers) of the
Partnership Agreement is hereby amended by deleting it in its entirety and replacing it with the
following: “[Intentionally Omitted.]”

          5. Section 7.3(e). Clause (e) of Section 7.3 Right of First Refusal) of the
Partnership Agreement is hereby amended by deleting the words “Buy-Sell Procedure or”.

          6. Section 7.4. Section 7.4 (Buy-Sell Procedure) of the Partnership Agreement is
hereby amended by deleting it in its entirety and replacing it with the following:
“[Intentionally Omitted.]”

          7. Section 7.5. Section 7.5 (Additional Provisions Relating to Transfer) of the
Partnership Agreement is hereby amended by deleting any references therein to “Section 7.4”.

     H. AMENDMENTS TO ARTICLE VIII (DURATION AND TERMINATION OF PARTNERSHIP)

          1. Section 8.1(a). Clause (a) of Section 8.1 (Events of Termination) of the
Partnership Agreement is hereby amended by deleting it in its entirety and replacing it with the
following: “[Intentionally Omitted.]”

          2. Section 8.3(a). Clause (a) of Section 8.3 (Events of Default) of the Partnership
Agreement is hereby amended by adding the following at the end of paragraph (i) of such clause:

27

 

“or the Guaranty, dated as of March 23, 1998, provided by TCI
Holdings, Inc. to TWE and KCCP, as amended as of May 1, 2004.”

          3. Section 8.4. Section 8.4 (Dissolution Procedure) of the Partnership Agreement is
hereby amended by deleting it in its entirety and replacing it with new Section 8.4 in the form
annexed hereto as Annex A.

     I. AMENDMENTS TO ARTICLE X (MISCELLANEOUS)

          1. Section 10.5. Section 10.5 (Notices) of the Partnership Agreement is hereby
amended by deleting the phrase “If to TCI or TCI GP” and replacing it with “If to any of TCI, LCM
LLC, Overland Park or TCI GP:”, and the address for any of TCI, LCM LLC, Overland Park or TCI GP
is amended and restated in its entirety to read as follows:

TCI Texas Cable Holdings LLC

TCI Texas Cable, Inc.

Comcast TCP Holdings, LLC

TCI of Overland Park, Inc.

c/o Comcast Corporation

1500 Market Street

Philadelphia, PA 19102

Attention: General Counsel

Telecopy No: (215) 981-7794

     J. AMENDMENTS TO SCHEDULES

          1. Schedule 2. Schedule 2 (TWE-A/N Systems) is hereby amended by deleting it in its
entirety and replacing it with the following: “[Intentionally Omitted.]”

          2. Schedule 8.4(c). Schedule 8.4(c) (Asset Pool Prioritization) is hereby amended by
deleting it in its entirety and replacing it with the following: “[Intentionally Omitted.]”

     K. GENERAL PROVISIONS

          1. Ratification of the Partnership Agreement. Except as otherwise expressly provided
herein, all of the terms and conditions of the Partnership Agreement are ratified and shall remain
unchanged and continue in full force and effect.

          2. Governing Law. This Amendment shall be governed by and construed in accordance
with the internal laws of the State of Delaware (other than its rules of conflicts of law to the
extent that the application of the laws of another jurisdiction would be required thereby).

          3. Counterparts. This Amendment may be executed in one or more counterparts, all of
which shall consist one and the same instrument.

28

 

          4. Headings. The headings in this Amendment are for convenience of reference only,
and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

[Remainder of Page Intentionally Left Blank]

29

 

          IN WITNESS WHEREOF, this Amendment has been executed as of the date first above written.

	 	 	 	 	 
	 	TIME WARNER ENTERTAINMENT-

ADVANCE/NEWHOUSE
PARTNERSHIP
 

	 	By:  	
Time Warner Entertainment Company,

L.P., Managing Partner

 
	 	By:  	/s/ David E. O’Hayre
 	 
	 	 	Name:  	David E. O’Hayre 	 
	 	 	Title:  	EVP, Investments, Cable Group 	 
	 
	 	TWE-A/N TEXAS CABLE PARTNERS

GENERAL PARTNER LLC

 	 
	 	By:  	/s/ David E. O’Hayre
 	 
	 	 	Name:  	David E. O’Hayre 	 
	 	 	Title:  	Vice President 	 
	 
	 	TIME WARNER ENTERTAINMENT COMPANY, L.P.

 	 
	 	By:  	/s/ David E. O’Hayre
 	 
	 	 	Name:  	David E. O’Hayre 	 
	 	 	Title:  	EVP, Investments, Cable Group 	 
	 
	 	TCI TEXAS CABLE HOLDINGS LLC

 	 
	 	By:  	/s/ Robert S. Pick
 	 
	 	 	Name:  	Robert S. Pick 	 
	 	 	Title:  	Senior Vice President 	 
	 

30

 

	 	 	 	 	 
	 	TCI TEXAS CABLE, INC.

 	 
	 	By:  	/s/ Robert S. Pick
 	 
	 	 	Name:  	Robert S. Pick 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	COMCAST TCP HOLDINGS, LLC

 	 
	 	By:  	/s/ Robert S. Pick
 	 
	 	 	Name:  	Robert S. Pick 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	TCI OF OVERLAND PARK, INC.

 	 
	 	By:  	/s/ Robert S. Pick
 	 
	 	 	Name:  	Robert S. Pick 	 
	 	 	Title:  	Senior Vice President 	 
	 

31

 

ANNEX A TO AMENDMENT NO. 4

          8.4 Dissolution Procedure.

     (a) Delivery of Dissolution Notice. At any time on or after the date (the
“Triggering Date”) that is the later of (i) the day following the second
anniversary of the Closing (as defined in the Transaction Agreement) and (ii) June 1, 2006,
either set of Related Partners may, at their option, elect to initiate the Dissolution
Procedure set forth in this Section 8.4 (the “Dissolution Procedure”);
provided, however, that a Dissolution Procedure may not be initiated while
any Dissolution Procedure is already pending and the Dissolution Notice with respect
thereto has not been nullified, or after an Event of Termination has occurred (unless, in
the case of Section 8.1(e), the Non-Defaulting Partners agree otherwise). In the event
that a set of Related Partners wishes to initiate a Dissolution Procedure, such Related
Partners (the “Triggering Partners”) shall notify the other Partners (the
“Non-Triggering Partners”) in writing of their intention to initiate the
Dissolution Procedure (the “Dissolution Notice”). The Partnership shall, and shall
cause the General Manager to, as soon as reasonably practicable after any given request at
any time (whether before or after the Triggering Date), provide each Partner with all
information reasonably requested by any Partner to facilitate the Dissolution Procedure.
If each set of Related Partners delivers a Dissolution Notice on the same day, the set of
Related Partners that are Affiliates of Comcast, or any subsequent Permitted Transferee of
their Interests, (the “Comcast Partners”) shall be the Triggering Partners.

     (b) Delivery of Allocation Notice. On the day of delivery of the Dissolution
Notice or within thirty (30) days after delivery of the Dissolution Notice, the Triggering
Partners shall deliver a written notice (the “Allocation Notice”) to the
Non-Triggering Partners setting forth the Triggering Partners’ allocation of Debt (both by
amount and Debt instrument) to each Asset Pool (as defined below) in each case as of 12:01
am on the date (the “Allocation Date”) that is the first day of the month in which
the Dissolution Notice is given; provided, however, that if such first day
of the month would be prior to the Triggering Date, then the Allocation Date shall be as of
the Triggering Date. In the Allocation Notice, the sum of the Houston Amount (as defined
below) and the Kansas & SW Amount (as defined below) shall equal the total amount of Debt
as of the Allocation Date. If, in the reasonable judgment of the Triggering Partners, the
aggregate amount of Debt is insufficient for purposes of making an appropriate allocation
between the Asset Pools, the Partners will discuss alternatives for increasing the amount
of Debt or making other adjustments in order to facilitate the Dissolution Procedure. In
allocating Debt between the Asset Pools, except as otherwise needed to make an appropriate
allocation, the Triggering Partners will attempt to allocate Debt owed to any set of
Related Partners to the Asset Pool intended to be distributed to such Related Partners
(which, for the avoidance of doubt, would be expected to result in 50% of all Partner Debt
existing on the Allocation Date being allocated to each Asset Pool). If the Triggering
Partners fail

32

 

to deliver an Allocation Notice to the Non-Triggering Partners within the thirty
(30)-day period set forth above, (i) the Dissolution Notice delivered by the Triggering
Partners shall become void and have no further effect, and the Dissolution Procedure
initiated thereby shall be deemed terminated, (ii) the set of Related Partners that
delivered such Dissolution Notice shall not be entitled to deliver another Dissolution
Notice prior to the one-year anniversary of the end of such thirty (30)-day period and
(iii) the other set of Related Partners shall have the right to initiate the Dissolution
Procedure in accordance with Section 8.4(a). For the avoidance of doubt, (x) when the term
“as of the Allocation Date” or any similar term is used in this Section 8.4, it shall mean
prior to the opening of business or the occurrence of any event on the Allocation Date and
(y) when the term “from and after the Allocation Date” or any similar term is used in this
Section 8.4, the relevant period shall include all business and occurrences on the
Allocation Date.

     (c) Delivery of Selection Notice. After receipt of the Allocation Notice, the
Non-Triggering Partners must select the Asset Pool to be distributed to them (or one or
more of their designees) in connection with the Dissolution Procedure pursuant to Section
8.4(h) by delivering written notice to the Triggering Partners identifying the Asset Pool
so selected (the “Non-Triggering Partners Pool” and the Asset Pool not so selected
shall be referred to as the “Triggering Partners Pool”). If the Non-Triggering
Partners fail to make the selection provided for in the first sentence of this Section
8.4(c) within thirty (30) days after receipt of the Allocation Notice, the Triggering
Partners shall have the right to select the Asset Pool to be distributed to them in
connection with the Dissolution Procedure pursuant to Section 8.4(h) in which case such
selected Asset Pool will be considered the Triggering Partners Pool and the Asset Pool not
selected will be considered the Non-Triggering Partners Pool; provided,
however, that the Triggering Partners must make their Asset Pool selection within
five (5) days of the expiration of such thirty (30) day period. If the Triggering Partners
do not make such selection within such period, (i) the Dissolution Notice delivered by the
Triggering Partners shall become void and have no further effect, and the Dissolution
Procedure initiated thereby shall be deemed terminated, (ii) the set of Related Partners
that delivered such Dissolution Notice shall not be entitled to deliver another Dissolution
Notice prior to the one-year anniversary of the end of such thirty (30)-day period and
(iii) the other set of Related Partners shall have the right to initiate the Dissolution
Procedure in accordance with Section 8.4(a). For all purposes of this Agreement, the
Triggering Partners Pool shall be considered to be intended to be distributed to the
Triggering Partners and the Non-Triggering Partners Pool shall be considered to be intended
to be distributed to the Non-Triggering Partners, in each case subject to the further terms
in this Section 8.4, regardless of whether an Asset Pool is ultimately transferred to such
set of Related Partners or to another Person or Persons.

     (d) Definition of Asset Pools. For purposes of the Dissolution Procedure, the
Assets and Liabilities of the Partnership shall consist of two pools (each, an “Asset
Pool”) as follows: The “Houston Asset Pool” shall consist of

33

 

(A) the Houston Business, (B) the amount of Debt allocated to the Houston Asset Pool
by the Triggering Partners in the Allocation Notice (the “Houston Amount”), (C) 50%
of the Shared Assets and (D) 50% of Other Liabilities, if any. The “Kansas & SW Asset
Pool” shall consist of (A) the Kansas & SW Business, (B) the amount of Debt allocated
to the Kansas & SW Asset Pool by the Triggering Partners in the Allocation Notice (the
“Kansas & SW Amount”), (C) 50% of the Shared Assets and (D) 50% of Other
Liabilities, if any. For the avoidance of doubt, accrued but unpaid interest on Debt as of
the Allocation Date will be included in Other Liabilities and will be shared equally in the
Working Capital Amount for each Asset Pool in the manner described in the foregoing
sentence. It is the understanding of the parties that, as of the Effective Time, there are
no indivisible Shared Assets (other than books and records) and to the extent any exist on
the first Distribution Date, the parties will reasonably cooperate (i) to allocate such
indivisible Shared Assets to the Asset Pools and (ii) in the case of books and records,
accommodate the non-recipient parties’ need for access thereto. The Asset Pools shall be
subject to changes arising from operation of the Asset Pools in accordance with the “closed
system” principles as described in clause (e) below.

     (e) Operation as “Closed System.” From and after the Allocation Date, each
Asset Pool shall be operated as a “closed system” solely for the benefit of such Asset Pool
and the set of Related Partners to whom such Asset Pool is intended to be distributed (such
set of Related Partners with respect to such Asset Pool being referred to as the
“Receiving Partners” and the other set of Related Partners with respect to such
Asset Pool being referred to as the “Non-Receiving Partners”), meaning that during
such period (i) all Assets and Liabilities in an Asset Pool shall be solely for the account
of the Receiving Partners of such Asset Pool, (ii) all Assets acquired, generated or
disposed of, and all Liabilities incurred or satisfied by, the operations of an Asset Pool
from and after the Allocation Date shall be solely for the account of such Asset Pool and
the Receiving Partners of such Asset Pool, (iii) all cash generated by each Asset Pool
shall remain for the account of such Asset Pool and all cash used by such Asset Pool shall
be solely for the account of such Asset Pool, (iv) any additional funding required by such
Asset Pool shall be supplied by the applicable Receiving Partners, subject to the
requirements in the Funding Agreement (as defined in the Transaction Agreement), (v) any
property contributed or loaned by any Related Partners to the Partnership or its
Subsidiaries (including under the Funding Agreement) shall be for the sole account of the
Asset Pool of such Related Partners, (vi) any new indebtedness incurred for the business of
such Asset Pool shall be treated as Debt allocated to such Asset Pool, (vii) no Assets or
Liabilities shall be transferred from the account of one Asset Pool to the other, except
pursuant to Section 8.4(s); provided, that accounting entries to reflect cash
management between an Asset Pool and the Partnership and its Subsidiaries so as to comply
with the “closed system” principles of this Section 8.4(e) shall not be deemed transfers
between the Asset Pools (for example, cash generated by an Asset Pool will create an
intercompany account receivable for that Asset Pool (which shall be entitled to appropriate
interest thereon) and an intercompany account payable for the Partnership or the General
Manager (which shall be charged appropriate interest thereon) and cash utilized by

34

 

an Asset Pool will create an intercompany account payable for such Asset Pool (which
shall be charged appropriate interest thereon) and an account receivable for the
Partnership or the General Manager (which shall be entitled to appropriate interest
thereon)); provided further, that on the first Distribution Date, all such
intercompany accounts shall be settled and if any Asset Pool has a net intercompany account
payable balance, the Receiving Partners shall cause such account payable balance to be paid
to the Partnership to satisfy the Non-Receiving Partners net account receivable balance in
each case immediately prior to the distribution of such Asset Pool; and (viii) interest
accruing from and after the Allocation Date on Debt allocated to a given Asset Pool will be
treated as a Liability of that Asset Pool. Each Partner shall have access before and after
the Dissolution Date to the books, records and personnel of the Partnership and its
Subsidiaries to ensure compliance with the foregoing “closed system” provisions, subject to
the same limitations as applicable under Section 5.2(f).

     (f) Consent and Approvals. As soon as reasonably practicable after the date
the selection is made pursuant to Section 8.4(c) (the “Selection Date”), the
Partnership and each Partner shall use all commercially reasonable efforts to take, or
cause to be taken, all actions and to do, or cause to be done, all things necessary, proper
or advisable under applicable laws and regulations to consummate the transactions
contemplated by the Dissolution Procedure, including (i) preparing and filing as promptly
as practicable with any governmental authority or other third party all documentation to
effect all necessary filings, notices, petitions, statements, registrations, submissions of
information, applications and other documents and (ii) obtaining and maintaining all
approvals, consents, registrations, permits, authorizations and other confirmations
required to be obtained from any governmental authority or other third party that are
necessary, proper or advisable to consummate the transactions contemplated by the
Dissolution Procedure. In furtherance of the foregoing, the parties shall (i) make
appropriate filings of a Notification and Report Form pursuant to the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 (“HSR Act”) no later than fifteen (15) business
days after the Selection Date, (ii) make all necessary filings to obtain any required
consents or waivers from the FCC no later than fifteen (15) business days after the
Selection Date and (iii) make all necessary filings to obtain any required franchise
approvals no later than twenty (20) business days after the Selection Date (the
“Filings Completion Date”). The obligations of the parties to consummate the
dissolution pursuant to the Dissolution Procedure shall be subject to the satisfaction of
the following conditions with respect to the transfer of an Asset Pool to the applicable
Receiving Partners: (A) receipt of any required consents or waivers from the FCC to
transfer licenses granted by the FCC, (B) expiration or termination of any applicable
waiting period under the HSR Act, (C) at least 90% of the total subscribers of such Asset
Pool shall belong to service areas for which either no franchise is required, no consent is
necessary for the transfer of the franchise to the Receiving Partners or their designees or
an effective consent reasonably acceptable to the Receiving Partners has been obtained or
deemed to be obtained (it being understood that a consent shall be deemed reasonably
acceptable if such consent does not require any material change be made to the relevant
franchise agreement

35

 

or otherwise impose any material obligation on the transferor or transferee or their
respective Affiliates), (D) receipt of all other necessary third-party and governmental
consents and approvals, except where failure to obtain the consents and approvals referred
to in this clause (D) would not have a material adverse effect on such Asset Pool, (E) all
Debt allocated to such Asset Pool shall have been repaid or refinanced to the extent
required under clause (g) below and (F) such other conditions as the parties may agree (the
conditions set forth in clauses (A) through (F) with respect to any Asset Pool are
hereinafter referred to as the “Conditions”).

     (g) Refinancing. On or before the date (the “Refinancing Date”) that
is sixty (60) days after the Selection Date, each set of Related Partners will cause all
Debt on such date allocated to its Asset Pool to be refinanced (and each set of Related
Partners shall bear its respective costs in connection therewith) to the extent such set of
Related Partners desires, but in any event to the extent necessary so that, from and after
the Refinancing Date, no Debt is outstanding which obligates or in any way binds or
otherwise encumbers the Partnership, its Subsidiaries or the Asset Pool of the other set of
Related Partners other than Debt that is expressly non-recourse to the Asset Pool of the
other set of Related Partners (for the avoidance of doubt, in no event shall any Debt under
the TCP Credit Agreement (as defined in the Transaction Agreement) be considered to be
non-recourse to either Asset Pool). Each set of Related Partners will obtain appropriate
documentation to evidence the release of the other set of Related Partners from all
obligations relating to the Debt allocated to the Asset Pool intended to be distributed to
the first set of Related Partners. In respect of all Debt existing on or incurred after
the Refinancing Date, the set of Related Partners to whom such Debt is allocated shall do
all things necessary (including fully satisfying and discharging such Debt to the extent
required and bearing all costs in connection therewith) to facilitate the distribution of
each of the Asset Pools on the Distribution Date and to obtain such assurances of the
non-recourse nature of such Debt with respect to, and the lack of obligations of, or other
encumbrances relating thereto on, the other set of Related Partners or the Asset Pool
intended to be distributed to them as such other set of Related Partners shall from time to
time reasonably request. On or prior to the Refinancing Date, any Debt owed to a Partner
that has been allocated to the Asset Pool intended to be distributed to the other set of
Related Partners shall be refinanced by such other set of Related Partners with such other
set of Related Partners determining the date of such refinancing so long as it occurs on or
prior to the Refinancing Date; provided, however, that no Related Partner
shall extend credit to its Asset Pool in connection with any refinancing described in this
Section 8.4(g) (it being understood that this limitation shall in no way restrict an
Affiliate of any Related Partner from making such an extension of credit, provided
that such Affiliate is not a wholly-owned subsidiary of such Related Partner which is a
disregarded entity for U.S. federal income tax purposes).

(h) Distribution to Partners; Dissolution.

     (i) Promptly after satisfaction of the Conditions for an Asset Pool, the
Receiving Partners of such Asset Pool shall deliver a written

36

 

notice (a “Conditions Notice”) to the other Partners of the
satisfaction of the Conditions (the date of delivery of such notice with respect to
such Asset Pool, the “Satisfaction Date”).

     (ii) Upon the earlier of (A) the fifth day following the occurrence of the
Satisfaction Date with respect to both Asset Pools or (B) the later of (x) 30 days
following the first Satisfaction Date and (y) the date that is 27 months following
the Filings Completion Date, each Asset Pool as to which a Satisfaction Date has
occurred may, at the election of the Receiving Partners for such Asset Pool, in
their sole discretion, be distributed to the Receiving Partners (or their
designees) in complete redemption of their interests in the Partnership, subject to
the last sentence of this clause (ii) (the date of such distribution with respect
to an Asset Pool, the “Distribution Date”); provided that to the
extent there exist Nonassignable Assets as of a given Distribution Date
notwithstanding that the Receiving Partners will receive its Asset Pool as a
distribution, such Receiving Partners will retain an Interest in the Partnership
until all Nonassignable Assets are finally distributed or disposed of in accordance
with Section 8.4(i) ; provided further, that such Interest will not
entitle the Receiving Partners to any right, title or interest in the Asset Pool of
the other set of Related Partners. If the Satisfaction Date with respect to an
Asset Pool has not occurred prior to the first Distribution Date, the Receiving
Partners with respect to such Asset Pool may elect, at any time after such first
Distribution Date, to treat all such Conditions with respect to its Asset Pool as
having been satisfied. The Partners hereby agree that if the Distribution Date for
an Asset Pool would occur on any day other than the last day of a calendar month,
such Distribution Date shall be postponed until the last day of such month.

     (iii) The Partnership shall continue until the affairs of the Partnership can
be wound up and the Partnership dissolved in accordance with the laws of the State
of Delaware; provided that such winding up and dissolution shall not occur
until both Asset Pools (or the proceeds from the sale thereof) have been
distributed and all Nonassignable Assets have been distributed or otherwise
disposed of in accordance Section 8.4(i) hereof (the date of dissolution of the
Partnership being referred to as the “Dissolution Date”).

     (iv) Following a Distribution Date with respect to an Asset Pool, the
Non-Receiving Partners of such Asset Pool shall indemnify and hold the Receiving
Partners harmless with respect to any and all Nonassignable Assets in the Asset
Pool of such Non-Receiving Partners.

     (v) It is hereby understood and agreed that all references to “designees” in
this Section 8.4 shall include Persons who receive or purchase any Assets of the
Partnership pursuant to a distribution under this Section 8.4(h) other than the
Receiving Partners of the Asset Pool to which

37

 

such Assets are allocated or pursuant to a sale in accordance with Section
8.4(x) provided, that such designee agrees in a writing with all Partners
to be bound by all obligations to which such Receiving Partners would be bound if
such Assets were distributed to such Receiving Partners in accordance with this
Section 8.4. Such Receiving Partners may assign to any such designee any or all of
their rights under this Partnership Agreement.

     (vi) Notwithstanding anything to the contrary herein, in the event that on or
after the date that is one (1) year following the Filings Completion Date (A) the
Satisfaction Date with respect to an Asset Pool has occurred (such Asset Pool, the
“Satisfied Asset Pool” and the Receiving Partners thereof, the
“Satisfied Partners”) but (B) the Satisfaction Date with respect to the
other Asset Pool has not occurred (the Receiving Partners of such other Asset Pool,
the “Delayed Partners”), then if the Satisfied Partners have a reasonable
basis for concern that continued delay of the distribution of the Satisfied Asset
Pool to the Satisfied Partners would risk the Conditions continuing to be satisfied
in all material respects with respect to the Satisfied Asset Pool, the Satisfied
Partners may deliver notice to the Delayed Partners describing such concern and the
basis therefor in reasonable detail and request a waiver of the 27 month period in
clause (ii) of this Section 8.4(h) as a condition to the distribution of the
Satisfied Asset Pool (a “Distribution Waiver”). The Delayed Partners may
elect, in their sole discretion, to grant the Distribution Waiver;
provided, that if the Distribution Waiver is not granted within ten (10)
calendar days of such request, then the Delayed Partners will indemnify and hold
harmless the Satisfied Partners and their Affiliates for all reasonable costs and
expenses (if any) incurred thereafter and associated with further attempts by the
Satisfied Partners to maintain the effectiveness of such Conditions.

     (i) Nonassignable Assets. Notwithstanding Section 8.4(h), any Asset, the
conveyance, assignment or transfer of which without the consent, authorization, approval or
waiver of a third party would constitute a breach or other contravention of such Asset or
in any way adversely affect the rights of the Partnership, any of its Subsidiaries or the
Partners thereunder (a “Nonassignable Asset”), shall not be conveyed, assigned or
transferred until such time as such consent, authorization, approval or waiver is obtained,
at which time such Nonassignable Asset shall be deemed conveyed, assigned or transferred
without further action on the part of the Partnership, any of its Subsidiaries or any of
the Partners. Until such consent, authorization, approval or waiver is obtained, (i) the
Partnership and the Partners shall use all commercially reasonable efforts to obtain the
relevant consent, authorization, approval or waiver, (ii) the Partnership shall endeavor to
provide the applicable Receiving Partners with the benefits under each Nonassignable Asset
as if such Nonassignable Asset had been assigned to the Receiving Partners, including
preserving the benefits of and enforcing for the benefit of the Receiving Partners, at
their expense, any and all rights of the Partnership or any of its Subsidiaries under such
Nonassignable Asset and (iii) to the extent permissible under such

38

 

Nonassignable Asset, the Receiving Partners shall (A) be responsible for the
obligations of the Partnership or its Subsidiaries under such Nonassignable Asset and (B)
act as the agent of the Partnership or its Subsidiaries in preserving the benefits of and
enforcing any and all rights of the Partnership or its Subsidiaries in such Nonassignable
Asset. The Receiving Partners shall indemnify the Partnership, its Subsidiaries and the
General Manager in respect of any Damages suffered or incurred by the Partnership, any of
its Subsidiaries or the General Manager as a result of the operation of this Section 8.4(i)
or the General Manager’s responsibilities with respect to the Nonassignable Assets. The
Partnership and its Subsidiaries shall promptly pay to the Receiving Partners when received
all monies received by them in respect of any Nonassignable Asset or any claim or right or
any benefit arising thereunder. Notwithstanding Section 8.4(h), the Partnership shall not
be dissolved until all Nonassignable Assets have been properly assigned, conveyed and
transferred.

     (j) Certain Covenants. From and after the first Distribution Date, (i) the
non-compete set forth in Section 6.2 shall remain in effect, for one year after the first
Distribution Date, for each set of Related Partners and its Cable Affiliates only as to the
municipalities included in the Asset Pool intended to be distributed to the other set of
Related Partners and (ii) the confidentiality obligations set forth in Section 6.3 shall
remain in effect for each set of Related Partners only as to matters relating to the Asset
Pool intended to be distributed to the other set of Related Partners.

     (k) Employee Matters.

     (i) In connection with the Dissolution Procedure, each set of Related Partners
shall have the right (but not the obligation) to make, in the case of the Comcast
Partners, an offer of employment and, in the case of the TWI Partners, an offer of
continued employment, to any Specified Division Employee, in each case effective as
of the first Distribution Date. If any Specified Division Employee accepts an
offer of employment with any Comcast Partner (or the designees of the Comcast
Partners) and prior to the first Distribution Date such Specified Division
Employee’s duties primarily concerned the Asset Pool intended to be distributed to
the TWI Partners, then such Comcast Partner shall (or shall cause the designees of
the Comcast Partners to) assign such Specified Division Employee to provide such
transitional services as reasonably requested by the TWI Partners (or their
designees) for a period of up to three (3) months following the first Distribution
Date. Similarly, if any Specified Division Employee accepts an offer of employment
with any TWI Partner (or the designees of the TWI Partners) and prior to the first
Distribution Date such Specified Division Employee’s duties primarily concerned the
Asset Pool intended to be distributed to the Comcast Partners, then such TWI
Partner shall (or shall cause the designees of the TWI Partners to) assign such
Specified Division Employee to provide to the Comcast Partners (or their designees)
such transitional services as reasonably requested by the Comcast Partners (or

39

 

their designees) for a period of up to three (3) months following the first
Distribution Date. Any set of Related Partners receiving transitional services
under either of the preceding sentences shall pay the reasonable costs relating to
the applicable Specified Division Employee(s).

     (ii) In connection with the Dissolution Procedure, effective as of the first
Distribution Date, the Comcast Partners shall (or shall cause their designees to)
offer employment, effective as of the first Distribution Date, to all Comcast
Selected Employees (as defined below) who are employed as of the first Distribution
Date. As of the first Distribution Date, all Comcast Selected Employees shall
cease to be employees of TWE-A/N, TWE or any of their respective Affiliates, as the
case may be. Except as contemplated by the following sentence, as of the first
Distribution Date, all of the Assets and Liabilities of the Partnership, TWE-A/N,
TWE or any of their respective Affiliates relating to the Comcast Selected
Employees shall be transferred to the Comcast Partners (or their designees) and all
Assets or Liabilities relating to the TWI Selected Employees shall be transferred
to (or retained by) the TWI Partners (or their designees). To the extent that a
tax-qualified defined benefit plan or tax-qualified defined contribution plan
covers Comcast Selected Employees, the Related Partners who are Affiliates of TWI,
or any subsequent Permitted Transferee of their Interests, (the “TWI
Partners”) may choose to retain any such plan’s Assets and Liabilities for such
Comcast Selected Employees, and in such case the employee matters agreement
referred to in Section 8.4(l) below shall set forth appropriate arrangements to
achieve the economic results in accordance with the principles contemplated herein;
provided, that if the Assets and Liabilities for the tax-qualified defined
contribution plan with respect to the Comcast Selected Employees are not
transferred to the Comcast Partners (or their designees), then the Comcast Partners
shall (or shall cause their designees to) permit such Comcast Selected Employees to
make a “direct rollover” of their account balances under such plan to a
tax-qualified defined contribution plan sponsored by one of the Comcast Partners
(or their designees), and the Comcast Partners and the TWI Partners shall
reasonably cooperate in good faith to effect such distributions and rollovers
within a reasonably practicable time after the first Distribution Date. Except as
otherwise contemplated by the preceding sentence, all Liabilities related to an
Asset Pool Employee shall, for the avoidance of doubt, be considered Liabilities
primarily related to such Asset Pool. “Comcast Selected Employees” means
all Asset Pool Employees of the Asset Pool intended to be distributed to the
Comcast Partners. “TWI Selected Employees” means all Asset Pool Employees
of the Asset Pool intended to be distributed to the TWI Partners. The Comcast
Partners and the TWI Partners shall reasonably cooperate in good faith to minimize
any costs associated with any termination of any Asset Pool Employees by their
respective Affiliates in connection with the Dissolution Procedure. From and after
the date of the Dissolution Notice until the first Distribution Date, the General
Manager shall not remove any divisional vice presidents or

40

 

presidents, and shall not transfer employment duties of the employees
providing services to the Asset Pool to be distributed to the Comcast Partners from
(i) such Asset Pool to (ii) the other Asset Pool or another Affiliate of TWI (or
from (ii) to (i)) without the consent of the Comcast Partners, which consent will
not be unreasonably withheld; provided that, after the Selection Date so
long as such employees are not transferred to the Asset Pool intended to be
distributed to the Comcast Partners, the restriction on removals will not apply to
the Asset Pool intended to be distributed to the TWI Partners. The parties agree
to take the position for all Income Tax purposes, unless required to do otherwise
as a result of a Final Determination or a change in applicable law (including a
revenue ruling or other similar pronouncement) that (i) Comcast or one of its
Affiliates shall be entitled to claim any net Income Tax deductions that were not
deductible in periods (or portions thereof) as of the Allocation Date attributable
to Liabilities relating to Comcast Selected Employees (including with respect to
option reimbursement obligations under this Agreement or the KCCP Management
Agreement for options issued but not exercised as of the Allocation Date), and (ii)
TWI or one of its Affiliates shall be entitled to claim any net Income Tax
deductions that were not deductible in periods (or portions thereof) as of the
Allocation Date attributable to Liabilities relating to TWI Selected Employees
(including with respect to option reimbursement obligations under this Agreement or
the KCCP Management Agreement for options issued but not exercised as of the
Allocation Date).

     (l) Distribution Date Documentation. The Partners, any of their designees,
the Partnership and the Subsidiaries, as appropriate, will execute and deliver, in each
case as of the Distribution Date with respect to an Asset Pool, (i) appropriate assignment
agreements to effectuate the transfer of applicable Assets to the Receiving Partners (or
their designees), (ii) appropriate assumption agreements pursuant to which the Receiving
Partners (or their designees) will assume all Liabilities attributable to the Asset Pool
being distributed to them and (iii) appropriate indemnities to the other set of Related
Partners for any losses such Partners may suffer with respect to any of such Liabilities
assumed by the Receiving Partners. In connection with the Dissolution Procedure, each set
of Related Partners will execute (or cause their designees to execute) an appropriate
employee matters agreement to facilitate an orderly transfer of employment of the Asset
Pool Employees and a smooth transition of related employee compensation and benefit plans,
programs and arrangements in accordance with the principles described herein (except as may
be otherwise agreed by the parties to such employee matters agreement). Such agreement
shall include, without limitation, a mutual non-solicitation provision that extends for one
year beyond the first Distribution Date. In connection with the Dissolution Procedure,
each set of Related Partners will also execute (or cause their designees to execute) other
agreements and instruments reasonably necessary to ensure an orderly winding up of the
affairs of the Partnership and its Subsidiaries, including customary agreements providing
for cooperation with respect to post-dissolution tax audits and controversies, sharing of
information, record retention, and defense of third-

41

 

party claims. The Partnership will cause the General Manager to, and each set of
Related Partners will, provide, on commercially reasonable terms and conditions to be
agreed among the relevant parties, any transitional services requested by a set of Related
Partners (including, but not limited to, billing, customer service and high speed data) and
other transitional items (such as use of trademarks) for the Systems included in the Asset
Pool to be distributed to such Related Partners (or their designees), for a period
beginning on the first Distribution Date and ending a reasonable period after the first
Distribution Date. Any commercial agreement or arrangement (which, for the avoidance of
doubt, would not include (i) any Transaction Document (as defined in the Transaction
Agreement), (ii) the Partnership Agreement, (iii) the Contribution Agreement and (iv) any
agreement entered into in connection with the Dissolution Procedure as contemplated
hereunder) between the Partnership or its Subsidiaries (or that otherwise applies to the
Partnership or its Subsidiaries), on the one hand, and any of the TWI Partners or their
Affiliates on the other hand, that would bind the Systems intended to be distributed to the
Comcast Partners following the first Distribution Date shall terminate without penalty as
to such Systems no later than 120 days following the first Distribution Date. In the event
designees are used as set forth in this Section 8.4(l), the relevant Related Partners shall
be jointly and severally liable with its designees for the obligations of the designees
under the foregoing agreements. The Partners and their applicable Affiliates will
negotiate in good faith and agree on the form of the agreements referred to in this Section
8.4(l) prior to December 31, 2004. Each Partner agrees that they will cooperate in good
faith in effectuating transactions contemplated by the Dissolution Procedure, and will not
take actions for the purpose of interfering with the Dissolution Procedure.

     (m) Management Agreements. After the HSR Date in respect of any given group
of Systems (the “Relevant Systems”), neither the Partnership nor the KCCP Trust
shall have any further obligation to pay the General Manager any management fees payable
pursuant to the first sentence of Section 6 of the Management Agreement or the KCCP
Management Agreement, as the case may be, with respect to the Relevant Systems other than
(i) management fees in respect of services provided by the General Manager to the
Partnership or the KCCP Trust prior to such expiration or termination of waiting periods
under the HSR Act and (ii) in respect of the Asset Pool intended to be distributed to the
TWI Partners. After the HSR Date with respect to the Asset Pool intended to be distributed
to the Comcast Partners, subject to all applicable laws, including without limitation all
applicable rules, regulations and orders of the FCC, each set of Related Partners shall
have the right to (x) cause the Partnership to terminate the provision of one or more
services by the General Manager under the existing Management Agreement and/or the KCCP
Management Agreement, as the case may be, to the extent the Asset Pool intended to be
distributed to such Related Partners (or their designees) includes Systems under management
in such agreement(s) and (y) engage such Related Partners or any of their Affiliates or
designees to provide such services to such Relevant Systems pursuant to a management
agreement (a “New Management Agreement”) on terms and conditions substantially
similar to those in the Management Agreement or the KCCP Management Agreement, as
applicable (it

42

 

being understood that to the maximum extent permitted by applicable law, the Comcast
Partners shall use commercially reasonable efforts to provide all such services (other than
as relates to national programming) as soon as possible following the HSR Date);
provided further, that, notwithstanding the foregoing, at all times prior
to the first Distribution Date the General Manager shall continue to have control over all
accounting functions and over the books and records of both Asset Pools and access to all
information and employees sufficient to comply with all Debt reporting requirements and the
“closed system” accounting required by Section 8.4(e); provided further,
that if either set of Related Partners exercises any such rights to change the management
of the Partnership prior to the first Distribution Date as set forth in this Section 8.4(m)
such set of Related Partners, and the Ultimate Parent of such set of Related Partners, will
first provide an indemnity to the other set of Related Partners for any Damages such other
Related Partners (or any of their Affiliates, officers, directors or employees) may suffer
arising out of a breach or alleged breach of any legal or contractual obligation or
violation of applicable law resulting from the change in management of the Partnership
prior to the first Distribution Date, on terms reasonably satisfactory to such indemnified
parties. In connection with any such change or termination, the TWI Partners will cause
the current General Manager to provide reasonable cooperation, subject to applicable law.
For the period from and after the Allocation Date, any obligation under Section 5 of the
Management Agreement to reimburse the General Manager for direct out-of-pocket expenses and
any management fees payable under Section 6 of the Management Agreement (as modified
above), in each case that are attributable to the Houston Asset Pool shall be allocated to
and borne by the Houston Asset Pool. For the period from and after the Allocation Date,
any obligation under Section 5 of the Management Agreement or the KCCP Management Agreement
to reimburse the General Manager for direct out-of-pocket expenses and any management fees
payable under Section 6 of the Management Agreement or the KCCP Management Agreement (as
modified above), in each case that are attributable to the Kansas & SW Asset Pool shall be
allocated to and borne by the Kansas & SW Asset Pool. The provisions of the preceding two
sentences shall similarly apply to any fees and expenses payable under any New Management
Agreement. The parties hereby acknowledge and agree that except as otherwise provided
herein, all of the terms and conditions of the Management Agreement and the KCCP Management
Agreement shall continue in full force and effect until the Dissolution Date, at which time
they shall automatically terminate. Notwithstanding anything to the contrary contained
herein, and notwithstanding any termination of the Management Agreement, or the KCCP
Management Agreement, or the redemption of a Partner’s Interests under this Section 8.4,
all Liabilities with respect to Comcast Selected Employees as of the first Distribution
Date (including with respect to option reimbursement obligations under this Agreement or
the KCCP Management Agreement for options issued but not exercised prior to such date)
shall continue as Liabilities of the Comcast Partners (or their designees) to TWE and its
Affiliates, as applicable, until fully satisfied and discharged in accordance with the
reimbursement terms applicable prior to the first Distribution Date.

43

 

     (n) Special Allocations; Dissolution of Partnership for Income Tax Purposes.

     (i) All income, gain, loss, deduction and other tax items with respect to the
Asset Pools shall be allocated to the Partners for Income Tax purposes based on an
actual closing of the Partnership’s books as of the Allocation Date. For Income
Tax purposes, all income, gain, losses, deductions and other tax items attributable
to the Houston Asset Pool for the period beginning on the Allocation Date and
ending on the date immediately preceding the Selection Date shall be allocated to
the Partners to whom the Houston Asset Pool is to be distributed, and all income,
gain, losses, deductions and other tax items attributable to the Kansas & SW Asset
Pool for any period beginning on the Allocation Date and ending on the date
immediately preceding the Selection Date shall be allocated to the Partners to whom
the Kansas & SW Asset Pool is to be distributed.

     (ii) From the Allocation Date to the date immediately preceding the Selection
Date, no distributions shall be made to any Partner.

     (iii) On the Selection Date, the Assets comprising the Asset Pools shall for
all Income Tax purposes be treated as having been distributed on the Selection Date
to the Partners to whom such Asset Pools are intended to be distributed in complete
redemption of such Partners’ Interest in the Partnership.

     (iv) The Partners agree to take the position for all Income Tax purposes that
the two Asset Pools are not operated as a partnership at any time on or after the
Selection Date, unless required to do otherwise as a result of a Final
Determination or a change in applicable law (including a revenue ruling or other
similar pronouncement) that causes the two Asset Pools to be operated as a
partnership for such purposes. In furtherance of the foregoing, the parties agree
to the following, each with effect from and after the Selection Date:

     (i) The Partnership shall be permitted to make cash
distributions to any set of Related Partners from the Asset Pool to
be distributed to such set of Related Partners or their designees
(such Asset Pool in relation to such set of Related Partners and
their designees being referred to as the “Applicable Asset
Pool” and such Related Partners and their designees shall be
referred to as the “Applicable Related Partners”). The
Partnership shall not be permitted to distribute Assets other than
cash except in accordance with Section 8.4(h) hereof;

     (ii) No Related Partners shall share in any portion of any
item of income, gain, loss, deduction or other tax

44

 

items attributable to an Asset Pool other than the Applicable
Asset Pool; and

     (iii) All items of income, gain, loss, deduction and other tax
items attributable to an Asset Pool shall be treated as derived
directly by the Applicable Related Partners (and not through an
interest in the Partnership) for all Income Tax purposes, except as
may be required as a result of a Final Determination or a change in
applicable law (including a revenue ruling or other similar
pronouncement) that causes the two Asset Pools to be operated as a
partnership for such purposes.

     (v) In the event of a Final Determination or a change in applicable law
(including a revenue ruling or other similar pronouncement) that causes the two
Asset Pools to be operated as a partnership on or after the Selection Date for any
Income Tax purpose, then all income, gain, loss, deduction and other tax items
attributable to each Asset Pool shall be allocated 100% to the Applicable Related
Partners. For the avoidance of doubt, in such case, all income, gain, losses,
deductions and other tax items attributable to the disposition of all or a portion
of an Asset Pool shall be allocated to the Receiving Partners that are entitled to
receive the proceeds of such disposition.

     (o) Adjustments to Allocations. In the event that there is an adjustment by a
taxing authority to any item of income, gain, loss, deduction or other tax item
attributable to a taxable period of the Partnership or any of its Subsidiaries (the
“Adjusted Partnership Item”), (i) if the Adjusted Partnership Item relates to any
taxable period prior to the Allocation Date, the Adjusted Partnership Item shall be
allocated to the Partners in accordance with Section 3.4 of the Partnership Agreement; and
(ii) if the Adjusted Partnership Item relates to any taxable period from and after the
Allocation Date, such Adjusted Partnership Item shall be allocated in accordance with
Section 

8.4(n).

     (p) Delivery of Balance Sheet. No later than ninety (90) days following
delivery of the Allocation Notice (the “Delivery Date”), the General Manager will
deliver to each Partner (i) a consolidating balance sheet for the Partnership (the
“Balance Sheet”), reflecting all Assets and Liabilities in each Asset Pool (and
showing each Asset Pool separately), in each case as prepared in accordance with generally
accepted accounting principles consistently applied by the Partnership, (ii) based on the
foregoing, the Working Capital Amount (as defined below) for each Asset Pool and (iii)
appropriate documentation supporting such calculation, in each case as of the Allocation
Date.

     (q) Notice of Disagreement. If the Comcast Partners disagree with the General
Manager’s calculation of the Working Capital Amount for either Asset Pool delivered
pursuant to Section 8.4(p), the Comcast Partners may, within one

45

 

hundred and twenty (120) days after the Delivery Date, deliver a notice to the General
Manager and the other set of Related Partners disagreeing with such calculation and setting
forth the Comcast Partners’ calculation of such amount. Any such notice of disagreement
shall specify those items or amounts as to which the Comcast Partners disagree, and the
Comcast Partners shall be deemed to have agreed with all other items and amounts contained
in the calculations of the Working Capital Amount for each Asset Pool delivered to them
pursuant to Section 8.4(p).

     (r) Resolution of Disputed Items. If a notice of disagreement shall be duly
delivered pursuant to Section 8.4(q), the Partners shall, during the thirty (30) days
following such delivery, use their best efforts to reach agreement on the disputed items or
amounts. If during such period, the Partners are unable to reach such agreement, they
shall promptly jointly retain a nationally recognized accounting firm that is not the
principal independent accountant of the Partnership, the Ultimate Parent of either set of
Related Partners (the “Accounting Referee”) to resolve the disputed items or
amounts. In making its calculations, the Accounting Referee shall consider only those
items or amounts as to which the Partners have disagreed and, with respect to each item or
amount, shall select a number within the range of the dispute between the Partners. The
Accounting Referee shall deliver to the Partners, as promptly as practicable (but, in any
event, within thirty (30) days after submission of the dispute to it), a report setting
forth its resolution of the disputed items. Such report shall be final and binding upon
the Partners. The costs of the Accounting Referee shall be shared equally by the
Triggering Partners and the Non-Triggering Partners. The General Manager will, and will
cause the Partnership’s independent accountants to, cooperate and assist the Partners in
conducting their review of the calculations of the Working Capital Amounts referred to
herein, including without limitation, making available to the extent necessary any books,
records, work papers and personnel (it being understood that if the process of finally
determining the Working Capital Amounts continues after the Dissolution Date, the Partners
thereafter will also provide each other such cooperation and assistance).

     (s) Working Capital Adjustment Payments. Once a final determination of all
disputed amounts is reached, the Partners will determine whether any adjusting payment
needs to be made, if such disputed amounts are resolved prior to the first Distribution
Date, between the Asset Pools, or if such disputed amounts are resolved after the first
Distribution Date, between the Triggering Partners and the Non-Triggering Partners, such
that (i) the Working Capital Amount for the Triggering Partners Pool as of the Allocation
Date, increased by any payment received by (or decreased by any payment made by) the
Triggering Partners or the Triggering Partners Pool under this Section 8.4(s), equals (ii)
the Working Capital Amount for the Non-Triggering Partners Pool as of the Allocation Date,
increased by any payment received by (or decreased by any payment made by) the
Non-Triggering Partners or the Non-Triggering Partners Pool under this Section 8.4(s). The
parties hereby acknowledge and agree that appropriate adjustments shall also be made to
reflect any transfers of Specified Division Employees from one Asset

46

 

Pool to the other between the Allocation Date and the first Distribution Date and the
resulting shift in Assets and Liabilities related to such transferred Specified Division
Employees. Any payment pursuant to this Section 8.4(s) shall be made at a mutually
convenient time and place within three (3) days after such final determination. The amount
of any payment to be made pursuant to this Section 8.4(s) shall bear interest from and
including the Allocation Date to and including the date of payment at a rate per annum
equal to the rate of interest per annum publicly announced from time to time by JPMorgan
Chase Bank as its prime rate in effect at its principal office in New York City;
provided that such interest will be disregarded for purposes of the first sentence
of this Section 8.4(s).

     (t) Tax Treatment of Adjustment Payments and Interest. The Partnership, the
Triggering Partners and the Non-Triggering Partners shall for all Income Tax purposes treat
any amounts paid pursuant to Section 8.4(s), other than any payment that is designated as
interest pursuant to such Section 8.4(s), (i) as having been part of the Asset Pool (the
“Payee Asset Pool”) which is entitled to receive such amounts (or, in the case of
amounts paid pursuant to Section 8.4(s) after the first Distribution Date, as part of the
Asset Pool which has been or is intended to be distributed, as applicable, to the Partner
that is entitled to receive such amounts) pursuant to Section 8.4(s) as of the Allocation
Date, and (ii) as not being part of the Asset Pool (the “Payor Asset Pool”) which
is required to pay such amounts (or, in the case of amounts paid pursuant to Section 8.4(s)
after the first Distribution Date, as not being part of the Asset Pool which has been or is
intended to be distributed, as applicable, to the Partner that is required to pay such
amounts) pursuant to Section 8.4(s) as of the Allocation Date. The Partnership, the
Triggering Partners and the Non-Triggering Partners agree for all tax purposes that, with
respect to any payment pursuant to Section 8.4(s) that is designated as interest, (i) to
the extent that such interest is attributable to periods ending on the date immediately
preceding the Selection Date, notwithstanding Section 8.4(n) hereof, a corresponding amount
of income shall be allocated to the Partners to whom the Payee Asset Pool is intended to be
distributed and a corresponding amount of deduction shall be allocated to the Partners to
whom the Payor Asset Pool is intended to be distributed, and (ii) to the extent such
interest is attributable to periods beginning on or after the Selection Date, such interest
shall be treated as being paid directly to the Partners to whom the Payee Asset Pool has
been or is intended to be distributed, as applicable, by the Partners to whom the Payor
Asset Pool has been or is intended to be distributed, as applicable. Notwithstanding
anything in this Section 8.4(t), no person shall be required to treat any of the items
described in this Section 8.4(t) in the manner prescribed herein if there is a Final
Determination or a change in applicable law (including a revenue ruling or other similar
pronouncement) that causes any such amount not to be so treated for tax purposes.

     (u) Definition of Working Capital Amount. The “Working Capital
Amount” for each Asset Pool shall equal the amount of current Assets (other than
inventory) of such Asset Pool, less the amount of all Liabilities (other than Debt) of such
Asset Pool, in each case as would be reflected on the face of a balance sheet

47

 

(excluding any footnotes thereto) prepared in accordance with generally accepted
accounting principles consistently applied by the Partnership. Current Assets shall
include, but shall not be limited to, all cash and cash equivalents, prepaid expenses,
funds on deposit with third parties, and accounts receivable other than (i) the portion of
any account receivable resulting from cable, telephony, data or internet service sales that
is sixty (60) days or more past due as of the Allocation Date, (ii) the portion of any
national agency account receivable resulting from advertising sales that is one hundred and
twenty (120) days or more past due as of the Allocation Date, (iii) any non-national agency
account receivable resulting from advertising sales any portion of which is ninety (90)
days or more past due as of the Allocation Date, (iv) accounts receivable from customers
whose accounts are inactive as of the Allocation Date or (v) any accounts receivable that
have not arisen from a bona fide transaction in the ordinary course of business. For
purposes of making the foregoing “past due” calculations, the billing statements of a
System will be deemed to be due and payable on the first day of the period during which the
service is provided to which such billing statements relate. Liabilities shall include,
but shall not be limited to, accounts payable, accrued expenses (including all accrued
Income Taxes and non-Income Taxes payable by the Partnership or any of its Subsidiaries,
and including accrued copyright fees, programming expenses, franchise fees and other
license fees or charges), capitalized lease obligations, unearned income and advance
payments (including subscriber prepayments and deposits for converters, encoders, cable
television service and related sales) and interest, if any, required to be paid on advance
payments. For purposes of this Section 8.4(u), in the case of any taxes with respect to an
Asset Pool that are imposed on a periodic basis and are payable for a tax period that
includes (but does not end on) the Allocation Date, the portion of such tax related to the
portion of such tax period ending as of the Allocation Date shall (x) in the case of any
taxes other than gross receipts, sales or use taxes and Income Taxes, be deemed to be the
amount of such tax for the entire tax period multiplied by a fraction the numerator of
which is the number of days in the tax period ending on and including the day prior to the
Allocation Date and the denominator of which is the number of days in the entire tax period
and (y) in the case of any Income Taxes and any gross receipts, sales or use tax, be deemed
equal to the amount which would be payable if the relevant tax period ended as of the
Allocation Date. All determinations necessary to give effect to the allocation set forth
in the foregoing clause (y) shall be made in a manner consistent with prior practice of the
Partnership and its Subsidiaries.

     (v) Cooperation. The Partners agree to cooperate in good faith to minimize
the amount of income, if any, recognized by any of them and/or by the Partnership as a
result of any actual or deemed distribution of Partnership Assets or allocation of
Partnership Liabilities in connection with the Dissolution Procedure, including, without
limitation, pursuant to an agreement similar to that described in Treas. Reg. Section
1.751-1(g) Example (3)(c) specifying the particular items of property (if any) deemed
exchanged.

48

 

     (w) Expenses. Except as otherwise provided herein, any costs incurred by the
Partnership in connection with the Dissolution Procedure shall be shared equally by the
Triggering Partners and the Non-Triggering Partners, including without limitation all
applicable sales, value added, transfer stamp, registration, documentary, excise, real
property transfer or gains, or similar taxes, if any, including, for the avoidance of
doubt, any interest, fines, assessments, penalties or additions to tax imposed in
connection therewith or respect thereto, on or in respect of the Dissolution Procedure;
provided that each set of Related Partners shall be responsible for the costs of
its own legal counsel and the costs associated with refinancing any Debt allocated to the
Asset Pool to be distributed to such set of Related Partners.

     (x) Right of First Offer.

     (i) If at any time following the date that is nine (9) months after the
Filings Completion Date and prior to the distribution of an Asset Pool to the
Receiving Partners of such Asset Pool or their Affiliates (the “Dissolution
Offer Period”), such Receiving Partners desire the Partnership to Transfer all
or any portion of the Assets (the “Transfer Assets”) in such Asset Pool or
any direct or indirect equity interest therein to any Person other than such
Receiving Partners or their Affiliates, such Receiving Partners (the
“Dissolution Offering Partners”) shall (or shall cause the Partnership to)
first offer to sell such Transfer Assets on the terms and subject to the conditions
set forth in this Section 8.4(x), by giving written notice thereof (the
“Dissolution Offer Notice”) to the other Partners or, if applicable, to the
Persons who were, immediately prior to the first Distribution Date, the other
Partners (the “Dissolution Offeree Partners”). A Dissolution Offer Notice
shall specify: (i) the price for the Transfer Assets subject to the Dissolution
Offer Notice; (ii) the types of currency (and terms of, if applicable) for payment
of such price, which currency may consist only of cash; the assumption of
liabilities; debt; common stock; preferred stock; convertible preferred stock; or
such other corporate security that (1) is generally accepted by the financial
community for use in acquisition transactions and (2) may be replicated by the
Dissolution Offeree Partners or its Affiliates (it being expressly understood that
securities are to be described in terms replicable by any third party regardless of
the identity of the particular issuer); and (iii) all other material terms of the
proposed offer to sell, including, without limitation, whether such transaction is
to be tax-advantaged or tax-deferred, and all conditions to closing.

     (ii) If the Dissolution Offeree Partners do not accept within forty-five (45)
days the offer set forth in the Dissolution Offer Notice (a “Waiver”),
then at the time of the lapse of such period for acceptance and subject to
compliance with the time frames set forth in this Section 8.4(x) for execution of
definitive agreements, the Dissolution Offering Partners may cause the Partnership
to sell Transfer Assets subject to the

49

 

Dissolution Offer Notice to a third party that is not an Affiliate of the
Dissolution Offering Partners on terms and conditions determined by the Dissolution
Offering Partners; provided that such sale or transfer is:

     (1) for the types of currency specified in the Dissolution Offer
Notice and in at least ninety-five percent (95%) of the minimum amount of
each such type of currency set forth in the Dissolution Offer Notice;

     (2) at a price equal to or greater than ninety-five percent (95%) of
the price specified in the Dissolution Offer Notice; and

     (3) on substantially all of the other material terms specified in the
Dissolution Offer Notice, including the conditions to closing.

     (iii) If the Partnership does not sign definitive agreements for such a sale
pursuant to this Section 8.4(x) within 180 days of the Dissolution Partner
Offerees’s Waiver, then the provisions of this Section 8.4(x) shall again be
applicable; provided that at any point during such 180-day-period, the
Dissolution Offering Partner may submit a new Dissolution Offer Notice and restart
the process under this Section 8.4(x); provided further, that if
such new Dissolution Offer Notice is not materially different than the prior
notice, except as to price, and such price is lower than the price in the prior
Dissolution Offer Notice, then the period of time for the Dissolution Offeree
Partners to accept the offer set forth in the Dissolution Offer Notice under
Section 8.4(x)(ii) with respect thereto shall be deemed to be fifteen (15) days.

     (iv) If the Dissolution Offeree Partners accept, within the time period set
forth in Section 8.4(x)(ii) above, the offer set forth in the Dissolution Offer
Notice, upon such acceptance, the terms of such accepted offer shall become binding
upon the parties. The Dissolution Offering Partners, the Partnership and the
Dissolution Offeree Partners shall negotiate in good faith to enter into more
formal agreements within forty-five (45) days of such acceptance, but it is
understood and agreed that the terms of the accepted offer shall be binding upon
the parties and the transaction shall be consummated on the terms set forth in such
accepted offer, including being subject to satisfaction of all conditions therein.
At any time prior to the acceptance by the Dissolution Offeree Partners of an offer
set forth in a Dissolution Offer Notice, the Dissolution Offering Partners may
cause the Partnership to distribute their Asset Pool to them or their Affiliates in
accordance with and subject to Section 8.4(h), and in such event, such offer shall
be void and of no further force or effect.

50

 

     (v) The Dissolution Offeree Partners may assign their rights under this
Section 8.4(x) to their Ultimate Parent or any of its Affiliates by delivering
written notice of such assignment to the Partnership and the Offeror Partners;
provided, that no such assignment shall relieve the Dissolution Offeree
Partners of their obligations under this Section 8.4(x).

     (vi) The Partners and the General Manager shall cooperate in good faith with
any attempt to sell Transfer Assets, including by providing reasonable access to
books and records subject to the limitations described in Section 5.2(f). The
Dissolution Offering Partners shall indemnify and hold harmless the Partnership and
its Subsidiaries, the General Manager and the other Partners and their respective
Affiliates (the “Non-Selling Indemnified Parties”) for any Damages related
to or arising out of sale or attempted sale of Transfer Assets, including all
reasonable costs and expenses of negotiations with third parties, and shall cause
all representations, warranties and indemnities to be non-recourse to all
Non-Selling Indemnified Parties. Subject to the foregoing, the Partnership and its
Subsidiaries shall execute such documents in connection with such sale or transfer
as the Dissolution Offering Partners reasonably request.

     (vii) For the avoidance of doubt, any and all proceeds of the Sale of Transfer
Assets shall be allocated to the Asset Pool of the Dissolution Offering Partners
and distributed to them as promptly as possible.

     (y) ISP Indemnity. TWE and TWE-A/N, jointly and severally, shall indemnify
and hold harmless the Comcast Partners and their Affiliates for any Damages incurred by the
Comcast Partners arising from or relating to any ISP Agreement or any capacity use
agreement (excluding those capacity use agreements (but not ISP Agreements) relating
specifically to Systems within only one Asset Pool) unless it may be terminated without
penalty with respect to the Systems in the Asset Pool intended to be distributed under
Section 8.4 to the Comcast Partners within 120 days following the first Distribution Date,
in each case, except to the extent the Comcast Partners expressly agree not to so terminate
such ISP Agreement or capacity use agreement. Such Damages shall include any Damages
arising from the failure or alleged failure of the Comcast Partners or their designees to
perform any obligations they may have thereunder.

51EX-10.12 AMENDMENT NO. 5 TO PARTNERSHIP AGREEMENT

 

Exhibit 10.12

AMENDMENT NO. 5 TO THE

LIMITED PARTNERSHIP AGREEMENT OF

TEXAS AND KANSAS CITY CABLE PARTNERS, L.P.

          AMENDMENT No. 5 (this “Amendment”) TO THE LIMITED PARTNERSHIP AGREEMENT OF TEXAS AND
KANSAS CITY CABLE PARTNERS, L.P. (the “Partnership”), dated as of February 28, 2005, among
Time Warner Entertainment-Advance/Newhouse Partnership, a New York general partnership
(“TWE-A/N”), TWE-A/N Texas Cable Partners General Partner LLC, a Delaware limited liability
company (“TWE-A/N GP”), TCI Texas Cable Holdings LLC, a Colorado limited liability company
(“TCI”), TCI Texas Cable, LLC, a Colorado limited liability company formerly known as TCI
Texas Cable, Inc. (“TCI GP”), Time Warner Entertainment Company, L.P., a Delaware limited
partnership (“TWE”), Comcast TCP Holdings, LLC, a Delaware limited liability company
(“LCM LLC”), TCI of Overland Park, Inc., a Kansas corporation (“Overland Park”),
and Comcast TCP Holdings, Inc., a Delaware corporation (“Comcast Newco”) as successor in
interest to Overland Park.

          WHEREAS the Partnership was formed by TWE-A/N, TWE-A/N GP, TCI and TCI GP pursuant to a
Limited Partnership Agreement, dated as of June 23, 1998 (the “Original TCP Agreement”);

          WHEREAS, the Original TCP Agreement was amended by Amendment No. 1 thereto, dated as of
December 11, 1998, Amendment No. 2 thereto, dated as of May 16, 2000, Amendment No. 3 thereto,
dated as of August 23, 2000, and Amendment No. 4 thereto, dated as of May 1, 2004 (as amended, the
“Partnership Agreement”);

          WHEREAS, pursuant to Section 3(b) of that certain Agreement of Merger and Transaction
Agreement, dated as of December 1, 2003 and amended by Amendment No. 1, dated as of December 19,
2003 (as amended, the “Transaction Agreement”), among the Partnership, Kansas City Cable
Partners, formerly a Colorado general partnership, TWE-A/N, TWE-A/N GP, TWE, TCI, TCI GP, TCI of
Missouri, Inc. (formerly known as Liberty Cable of Missouri, Inc.), a Missouri corporation, LCM
LLC, Overland Park, Comcast Corporation, a Pennsylvania corporation (solely for purposes of being
bound by Sections 3 and 6(p) thereof), and Time Warner Cable Inc., a Delaware corporation (solely
for purposes of being bound by Sections 3 and 6(p) thereof), TWE and TWE-A/N have executed and
delivered a Contribution Agreement dated as of the date hereof pursuant to which, among other
things, TWE has contributed 100% of its Interest in the Partnership to TWE-A/N in exchange for
preferred interests in TWE-A/N (all such actions, the “TWE Transfer”);

          WHEREAS, pursuant to Section 3(c) of the Transaction Agreement (or as otherwise consented to
by TWE-A/N, TWE-A/N GP and TWE), (i) Overland Park and Comcast Newco have executed and delivered a
Contribution Agreement dated as of February 28, 2005 pursuant to which among other things Overland
Park has contributed 100% of its Interest in the Partnership to Comcast Newco, (ii) Comcast has
caused TCI GP to become a disregarded entity for U.S. federal income tax purposes and (iii) Comcast
has

 

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caused 100% of the membership interests of TCI GP to be contributed to Comcast Newco (all such
actions, the “Second Comcast Restructuring”); and

          WHEREAS, the parties hereto wish to amend the Partnership Agreement to reflect the TWE
Transfer and the Second Comcast Restructuring.

          In consideration of the covenants and agreements set forth herein and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties
hereby agree to amend the Partnership Agreement as follows:

     A. AMENDMENTS TO PREAMBLE AND ARTICLE I (DEFINITIONS)

          1. Preamble. The first paragraph of the Partnership Agreement is hereby amended by
replacing the phrase “TCI Texas Cable, Inc., a Colorado corporation” with “TCI Texas Cable, LLC, a
Colorado limited liability company formerly known as TCI Texas Cable, Inc.”

          2. Section 1.1. Section 1.1 (Definitions) of the Partnership Agreement is hereby
amended by deleting the following definitions in their entirety: “Cable Affiliates”; “KCCP
Contribution Agreement”; “Limited Partner”; “Related Partners”; and “Transaction Agreement”.

          3. Section 1.1. Section 1.1 (Definitions) of the Partnership Agreement is hereby
further amended by inserting the following definitions (alphabetically):

Cable Affiliates: With respect to (i) TCI, TCI GP, LCM
LLC and Comcast Newco, Comcast Cable Communications Holdings,
Inc., a Delaware corporation, and its Subsidiaries and (ii)
TWE-A/N and TWE-A/N GP, TWE and its Subsidiaries.

Comcast Newco: Comcast TCP Holdings, Inc., a Delaware
corporation.

KCCP Contribution Agreement: The Contribution and
Assumption Agreement, dated as of March 23, 1998, among KCCP,
TWE-A/N, LCM LLC and Comcast Newco, as amended from time to time.

Limited Partner: TWE-A/N, TCI, LCM LLC and Comcast Newco
and any other Person hereafter admitted as a limited partner of
the Partnership in accordance with the terms hereof, but excluding
any Person that ceases to be a Partner in accordance with the
terms hereof.

Related Partners: (i) TWE-A/N and TWE-A/N GP and any
subsequent Permitted Transferees of their Interests, on the one
hand, and (ii) TCI, TCI GP, LCM LLC and Comcast

 

 3

Newco and any subsequent Permitted Transferees of their Interests,
on the other hand.

Second Comcast Restructuring: As defined in the
Transaction Agreement.

Transaction Agreement: The Agreement of Merger and
Transaction Agreement, dated as of December 1, 2003, by and among
the Partnership, TWE-A/N, TWE-A/N GP, TWE, TCI, TCI GP, KCCP,
Overland Park, LCM, LCM LLC, Comcast Corporation (solely for
purposes of being bound by Sections 3 and 6(p) thereof) and Time
Warner Cable Inc. (solely for purposes of being bound by Sections
3 and 6(p) thereof), as amended as of December 19, 2003.

TWE Transfer: As defined in the Transaction Agreement.

Ultimate Parent: With respect to any Partner, the Parent
of such Partner that is not a Subsidiary of any other Person. As
of the Effective Time, the Ultimate Parent of TWE-A/N and TWE-A/N
GP is TWI, and the Ultimate Parent of TCI, TCI GP, LCM LLC and
Comcast Newco is Comcast.

     B. AMENDMENTS TO ARTICLE III (COMPANY CAPITAL)

          1. Section 3.1. Section 3.1 (Percentage Interests) of the Partnership Agreement is
hereby amended by inserting the following immediately prior to penultimate sentence of such
section:

As of February 28, 2005, after giving effect to the TWE Transfer
and the Second Comcast Restructuring, the respective Percentage
Interests of the Partners in the Partnership are as set forth
below:

	 	 	 	 	 
	Partner	 	Percentage Interest
	TWE-A/N
	 	 	49.608	%
	TCI
	 	 	38.784	%
	LCM LLC
	 	 	10.004	%
	Comcast Newco
	 	 	0.820	%
	TWE-A/N GP
	 	 	0.392	%
	TCI GP
	 	 	0.392	%

          2. Section 3.2. Clause (f) of Section 3.2 (Capital Contributions) of the Partnership
Agreement is hereby amended by replacing the term “TWE” with the phrase “TWE-A/N (through its
predecessor in interest, TWE)” and replacing the term “Overland

 

4

Park” with the phrase “Comcast Newco (through its predecessor in interest, Overland Park)”.

     C. AMENDMENTS TO ARTICLE VII (TRANSFERS)

          1. Section 7.2. Section 7.2 (Permitted Transfers) of the Partnership Agreement is
hereby amended by replacing each occurrence therein of the term “Overland Park” with “Comcast
Newco.”

     D. AMENDMENTS TO ARTICLE X (MISCELLANEOUS)

          1. Section 10.5. Section 10.5 (Notices) of the Partnership Agreement is hereby
amended by replacing the term “Overland Park” with “Comcast Newco”, the term “TCI Texas Cable,
Inc.” with “TCI Texas Cable, LLC” and the term “TCI of Overland Park, Inc.” with “Comcast TCP
Holdings, Inc.”

     E. GENERAL PROVISIONS

          1. Ratification of the Partnership Agreement. Except as otherwise expressly provided
herein, all of the terms and conditions of the Partnership Agreement are ratified and shall remain
unchanged and continue in full force and effect.

          2. Governing Law. This Amendment shall be governed by and construed in accordance
with the internal laws of the State of Delaware (other than its rules of conflicts of law to the
extent that the application of the laws of another jurisdiction would be required thereby).

          3. Counterparts. This Amendment may be executed in one or more counterparts, all of
which shall consist one and the same instrument.

          4. Headings. The headings in this Amendment are for convenience of reference only,
and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

[Remainder of Page Intentionally Left Blank]

 

 5

          IN WITNESS WHEREOF, this Amendment has been executed as of the date first above written.

	 	 	 	 	 
	 	TIME WARNER ENTERTAINMENT-ADVANCE/NEWHOUSE PARTNERSHIP

 	 
	 	By:  	Time Warner Entertainment Company,

L.P., Managing Partner
 	 
	 	By:  	/s/ David E. O’Hayre
 	 
	 	 	Name:  	David E. O’Hayre 	 
	 	 	Title:  	EVP, Investments, Cable Group 	 
	 
	 	TWE-A/N TEXAS CABLE PARTNERS

 GENERAL PARTNER LLC

 	 
	 	By:  	/s/ David E. O’Hayre
 	 
	 	 	Name:  	David E. O’Hayre 	 
	 	 	Title:  	Vice President 	 
	 
	 	TCI TEXAS CABLE HOLDINGS LLC

 	 
	 	By:  	/s/ Arthur R. Block
 	 
	 	 	Name:  	Arthur R. Block 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	TCI TEXAS CABLE, LLC

 	 
	 	By:  	/s/ Arthur R. Block
 	 
	 	 	Name:  	Arthur R. Block 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

6
	 	 	 	 	 
	 	COMCAST TCP HOLDINGS, LLC

 	 
	 	By:  	/s/ Arthur R. Block
 	 
	 	 	Name:  	Arthur R. Block 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	COMCAST TCP HOLDINGS, INC.

 	 
	 	By:  	/s/ Arthur R. Block
 	 
	 	 	Name:  	Arthur R. Block 	 
	 	 	Title:  	Senior Vice President 	 
	 

	 	 	 	 	 
	 	Solely for purposes of Acknowledging the

TWE Transfer and Second Comcast Restructuring

 
TIME WARNER ENTERTAINMENT COMPANY, L.P.

 
	 
	 	By:  	/s/ David E. O’Hayre
 	 
	 	 	Name:  	David E. O’Hayre 	 
	 	 	Title:  	EVP, Investments, Cable Group 	 
	 
	 	TCI OF OVERLAND PARK, INC.

 	 
	 	By:  	/s/ Arthur R. Block
 	 
	 	 	Name:  	Arthur R. Block 	 
	 	 	Title:  	Senior Vice President

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