Document:

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                                                                    EXHIBIT 10.3

               AMENDMENT NO. 3 TO ASSET PURCHASE AGREEMENT BETWEEN
                     ADELPHIA COMMUNICATIONS CORPORATION AND
                            TIME WARNER NY CABLE LLC

          This Amendment No. 3, dated June 26, 2006 (this "Amendment"), amends
the Asset Purchase Agreement, between Adelphia Communications Corporation
("Seller") and Time Warner NY Cable LLC ("Buyer"), dated as of April 20, 2005,
as amended by Amendment No.1, dated June 24, 2005, Amendment No. 2, dated June
21, 2006 and as otherwise amended to date (as so amended, the "TWNY Purchase
Agreement"). Capitalized terms used but not otherwise defined herein shall have
the respective meanings ascribed to them in the TWNY Purchase Agreement.

          WHEREAS, the parties hereto desire to amend the TWNY Purchase
Agreement pursuant to Section 9.2 thereof to clarify certain provisions
contained therein.

          NOW, THEREFORE, in consideration of the foregoing, the parties hereto,
intending to be legally bound, hereby agree as follows:

     1. (a) Prior to the 20th day but no earlier than the first day of the month
during which Buyer and Friendco, after consultation with Seller, reasonably
anticipate the Closing to occur, Buyer and Friendco may deliver to Seller a
written notice signed by both Buyer and Friendco (the "Sysprin Split Notice")
instructing Seller to split the eleven (11) billing "Sysprins" set forth on
Annex 1 hereto (each, a "Split Sysprin"), such split to occur on the 21st day of
such month (the "Sysprin Split Date") or as soon thereafter as possible but not
later than the 29th day of the month in which the Sysprin Split Notice is
delivered (except to the extent so delayed as a result of causes or
circumstances beyond the reasonable control of Seller, including, without
limitation, the fault of any third party provider). For purposes of this
Amendment, "Sysprin" means a so-called sysprin or billing corp database
containing subscriber information (e.g., address, CPE, services, rates) for a
given geographic area. During the period prior to the Sysprin Split Date,
Seller, in cooperation with Buyer and Friendco, shall plan the implementation of
and test the accuracy of the processes utilized to perform the Sysprin splits.
If a Sysprin Split Notice is timely delivered, then on the Sysprin Split Date
(and, if the split does not occur on such date, thereafter until completed),
Seller shall use its reasonable commercial efforts to cause each Split Sysprin
to be split according to the franchise areas (or where such Split Sysprin
contains less than the entire applicable franchise area, according to the
applicable franchise tax areas) in such Split Sysprin as set forth on Annex 1
hereto; it being understood that Seller will not bear any responsibility for any
failure in performing any Sysprin split that is planned, tested and implemented
in cooperation with Buyer and Friendco to the extent such failure results from
causes or circumstances beyond the reasonable control of Seller.

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          (b) No later than 5 calendar days after the date hereof, Seller shall
provide Buyer a price quote from each of its applicable billing vendors stating
the cost to perform the Sysprin splits; provided, that Seller shall utilize any
discounted or free split rights available to it. Buyer shall reimburse Seller at
the first to occur of the Closing and the termination of the TWNY Purchase
Agreement for all out-of-pocket costs of performing the splits as were
pre-approved by Buyer in writing (such approval or disapproval to be provided no
later than 10 calendar days following delivery by Seller of a request therefor);
provided, however, that if Buyer disapproves of such costs, Buyer and Seller
shall negotiate in good faith to resolve such disagreement within 15 calendar
days following such disapproval; and provided further, that if termination
results in an obligation on the part of Seller to pay a termination fee to Buyer
pursuant to Section 8.5(b) of the TWNY Purchase Agreement, Buyer shall have no
obligation to reimburse Seller for its costs incurred pursuant to paragraph 1(a)
and this paragraph 1(b).

          (c) If the Closing does not occur in the calendar month in which the
Sysprin Split Date occurs or the calendar month immediately thereafter, then,
with respect to each Split Sysprin, (i) the Eligible Basic Subscribers in such
Split Sysprin shall be calculated (including with respect to the definitions of
"Measurement Date", "Qualified Customer" and "Permitted Promotion") as if the
Closing and Closing Date had occurred on the last Business Day in the calendar
month following the calendar month in which the Sysprin Split Date occurred and
(ii) the number of Eligible Basic Subscribers so calculated shall be reduced by
the "Subscriber Loss" for each month that elapses from the Sysprin Split Date
through the Measurement Date (as such Measurement Date is determined in
accordance with the TWNY Purchase Agreement based on the actual Closing Date).
As used herein, "Subscriber Loss" means, for each monthly period, 0.25% of the
number of Eligible Basic Subscribers in the Split Sysprins as determined in
accordance with clause (i) of the preceding sentence. For the avoidance of
doubt, if the Closing occurs in the calendar month in which the Sysprin Split
Date occurs or the calendar month immediately thereafter, then the Eligible
Basic Subscribers in such Split Sysprin shall be calculated in accordance with
the TWNY Purchase Agreement without giving effect to this Section 1(c), but
subject to Section 1(d) hereof.

          (d) Buyer and Seller agree that, to the extent that, solely as a
result of the Sysprin split described above, payments by individual Basic
Subscribers in any Split Sysprin are not able to be accurately tracked by the
Subscriber Accounting System to determine whether the Qualified Customer test in
clause (C)(2) of the definition of Eligible Basic Subscriber (in the TWNY
Purchase Agreement) is satisfied, and such test cannot otherwise be performed
without Seller incurring any incremental out-of-pocket expenses that are not
reimbursed by Buyer, then all such Basic Subscribers that would otherwise be
subject to such Qualified Customer test and that cannot be accurately tracked in
such Split Sysprin shall be deemed Qualified Customers for that test; it being
understood that all such Basic Subscribers shall remain subject to the remaining

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tests of the Eligible Basic Subscriber definition, including the remaining
requirements of such clause (C)(2) that such Basic Subscriber not be subject as
of the Measurement Date (or deemed Measurement Date, to the extent applicable,
under Section 1(c) hereof) to any discount or promotion other than a Permitted
Promotion or Historic Promotion.

     2. At Buyer's request, Seller shall, on behalf of Buyer, issue a
deconversion notice to CSG Systems, Inc. ("CSG") and/or DST Innovis, Inc.
("DST") pursuant to the applicable agreement with CSG or DST to terminate,
effective as of 30 days following the Closing or the MCE Closing (as
applicable), CSG's or DST's services with respect to the Acquired Systems
designated by Buyer; provided, that Buyer shall reimburse Seller at the Closing
for any out-of-pocket costs or expenses incurred by Seller or any of its
Affiliates arising out of or resulting from such deconversion notice.

     3. (a) Schedule 5.8(a)(ii) of the Seller Disclosure Schedule shall be
amended by renumbering numbered paragraph 2 as numbered paragraph 3 and deleting
numbered paragraph 1 and replacing it in its entirety with the following:

          "1. All Employees of Adelphia Media Services who are currently
identified by job function, description or title, or otherwise noted, on this
Schedule 5.8(a)(ii) of the Seller Disclosure Schedule, other than the Employees
listed on Exhibit A hereto or the successor to the position of an Employee
listed on Exhibit A hereto (each such Employee on Exhibit A or his successor, a
"Designated AMS Employee"), and

          2. All corporate and regional Employees who are currently identified
by job function, description or title, or otherwise noted, on this Schedule
5.8(a)(ii) of the Seller Disclosure Schedule, other than the Employees listed on
Exhibit B hereto or the successor to the position of an Employee listed on
Exhibit B hereto (each such Employee on Exhibit B or his successor, a
"Designated Regional Employee")."

          (b) Schedule 5.8(a)(ii) is hereby further amended by adding a new
Exhibit A and Exhibit B to such Schedule at the end thereof in the form of
Exhibit A and Exhibit B to this Amendment, respectively.

          (c) Notwithstanding the provisions of Section 5.8(d) of the TWNY
Purchase Agreement, Seller shall reimburse Buyer on a dollar-for-dollar basis
for any reasonable costs incurred by Buyer or its Affiliates, including the
payment of severance, to the extent resulting from any termination of employment
of or by any Designated Regional Employee with Buyer or its Affiliates, which
termination occurs on or prior to the ninetieth (90th) calendar day following
the Closing Date other than to the extent (i) such termination results from
Buyer's or any of its Affiliates' conduct that is in violation of applicable
Law; it being understood that only a determination by a court or arbitrator of
competent jurisdiction that arises as a result of any employment-related action
shall be determinative for purposes of this clause (i) (in which case Buyer
shall be

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responsible for all Liabilities to the extent resulting from such conduct except
that the payment of severance under Buyer's or its Affiliates' severance plans
shall be reimbursed regardless of Buyer's or its Affiliates' conduct), (ii) such
amount is included in the Closing Net Liabilities Amount used in calculating the
Final Adjustment Amount for the Specified Business in which such Transferred
Employee is employed or (iii) except pursuant to the Exchange, arising in
connection with any disposition of any system following the Closing (the
"Regional Employees Reimbursement Obligation"). The Regional Employees
Reimbursement Obligation shall (A) to the extent permitted by law, be payable as
an administrative expense under section 507(a)(1) of the Bankruptcy Code and, in
any event, shall be payable by the Seller (and its successors under any plan of
reorganization of Seller) from the applicable Reserve (as defined below) and, to
the extent that the applicable Reserve is insufficient, from funds other than
the Escrow unless the Buyer shall, in its sole discretion, elect to utilize
funds in the Escrow, (B) constitute Excluded Liabilities under the TWNY Purchase
Agreement, including for purposes of Section 7.2(a)(iii) of the TWNY Purchase
Agreement, and (C) in no event be subject to the Cap Amount or otherwise be
considered in calculating the Cap Amount. For purposes of reserving for its
obligations under this Section 3(c), Seller shall establish reserves pursuant to
an order of the Bankruptcy Court prior to Closing in an amount equal to $383,000
in respect of the Group 1 Business (the "Group 1 Reserve") and equal to $484,000
in respect of the Group 2 Business (the "Group 2 Reserve"; each of the Group 1
Reserve and the Group 2 Reserve, a "Reserve"). No later than 120 calendar days
following the Closing, Buyer shall provide Seller a list of all Designated
Regional Employees whose termination of employment following the Closing Date
has given rise to a Regional Employee Reimbursement Obligation and a good faith
estimate of the severance payment owed to each such Designated Regional
Employee. For the avoidance of doubt, references in this Section 3(c) to Buyer
and its Affiliates shall be deemed to include references to Friendco and its
Affiliates to the extent that any Designated Regional Employee is hired by
Friendco or its Affiliates pursuant to the Exchange Agreement.

          (d) The seventh sentence of Section 5.8(a) of the TWNY Purchase
Agreement shall be amended in its entirety to read as follows:

          "As promptly as practicable, but no later than 15 Business Days prior
          to the Closing Date, Buyer shall provide to Seller a list of the
          Applicable Employees who do not satisfy the Background Check, by job
          position or name and region, and as to whom Buyer as a result of such
          Background Check failure has not made offers of employment pursuant to
          this Section 5.8(a)."

          (e) The first two sentences of Section 5.7(e) of the TWNY Purchase
Agreement (Employee Withholding and Reporting Matters) shall be amended in their
entirety to read as follows:

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          "With respect to the calendar year in which the Closing Date occurs,
          Seller shall retain responsibility for preparing and filing all Forms
          W-2, Wage and Tax Statements, Forms 941, Employer's Quarterly Federal
          Tax Return, Forms W-4, Employee's Withholding Allowance Credit, Forms
          W-5, Earned Income Credit Advance Payment Certificate and all Forms
          1099 required with respect to compensation earned by Employees,
          including Transferred Employees, through the Closing Date. Seller and
          Buyer agree to comply with the procedures described in Section 4 of
          the Revenue Procedure 2004-53."

          (f) Schedule 1.1(c) to the TWNY Purchase Agreement is hereby amended
by moving item 4 on such Schedule from the Group 1 Business to the Group 2
Business.

     4. Schedule A to the TWNY Purchase Agreement is hereby amended as follows:

          (a) Part 1 of Schedule A to the TWNY Purchase Agreement shall be
amended by inserting a row as follows:

               3 1579 MENDON, TOWN OF, VT. (MTN. CABLE) VT 178 BUCKET 3 0

          (b) Part 2A of Schedule A to the TWNY Purchase Agreement shall be
amended by inserting a row as follows:

               4 1247 LODI, TOWNSHIP OF, OH OH 367 BUCKET 4 0

     5. Schedules 1.1(i), 1.1(s)(i) and 3.2(b) of the Seller Disclosure Schedule
shall each be amended, which amendment shall be deemed to be (other than with
respect to Section 3.15(a) of the TWNY Purchase Agreement) as of the date of the
TWNY Purchase Agreement, by deleting the references to "TV Gateway, LLC" and the
corresponding disclosure and, in each case, replacing such disclosure with the
word "[Reserved]".

     6. Schedule 2.2(j) of the Seller Disclosure Schedule shall be amended by
inserting the following disclosure as item 20 to such disclosure schedule, which
shall be deemed (other than with respect to Section 3.15(a) of the TWNY Purchase
Agreement) to have been included in the Seller Disclosure Schedule as of the
date of the TWNY Purchase Agreement:

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<TABLE>
<S>   <C>                        <C>
20.   TV Gateway, LLC (n/k/a     Seller holds 843,547 units, which represent
      Sedna Patent Services,     2.03% of all outstanding units of Sedna
      LLC), a Delaware limited   Services
      liability company
</TABLE>

     7. Schedule 3.2(c) of the Seller Disclosure Schedule shall be amended by
inserting the following disclosure as item 16 to such disclosure schedule, which
shall be deemed (other than with respect to Section 3.15(a) of the TWNY Purchase
Agreement) to have been included in the Seller Disclosure Schedule as of the
date of the TWNY Purchase Agreement:

<TABLE>
<S>   <C>                        <C>
16.   TV Gateway, LLC (n/k/a     Seller holds 843,547 units, which represent
      Sedna Patent Services,     2.03% of all outstanding units of Sedna
      LLC), a Delaware limited   Services
      liability company
</TABLE>

     8. Except as specifically amended by this Amendment, the TWNY Purchase
Agreement shall remain in full force and effect and is hereby ratified and
confirmed. This Amendment shall be construed as one with the TWNY Purchase
Agreement, and the TWNY Purchase Agreement shall, where the context requires, be
read and construed so as to incorporate this Amendment.

     9. This Amendment shall be governed by and construed in accordance with the
TWNY Purchase Agreement.

     10. This Amendment may be executed in one or more counterparts, each of
which shall be deemed an original, and all of which shall constitute one and the
same Amendment.

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          IN WITNESS WHEREOF, the parties have executed or caused this Amendment
to be executed as of the date first written above.

                                        ADELPHIA COMMUNICATIONS CORPORATION

                                        By: /s/ Vanessa Wittman
                                            ------------------------------------
                                        Name: Vanessa Wittman
                                        Title: Executive VP and Chief
                                               Financial Officer

                                        TIME WARNER NY CABLE LLC

                                        By: /s/ Satish R. Adige
                                            ------------------------------------
                                        Name: Satish R. Adige
                                        Title: Senior Vice President Investments

Acknowledged and Approved:

COMCAST CORPORATION

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

                [Signature Page of Amendment No. 3 to TW NY APA]<PAGE>

                                                                    EXHIBIT 10.4

                                                          June 21, 2006

Adelphia Communications Corporation
5619 DTC Parkway
Greenwood Village, CO 80111

Time Warner Cable Inc.
290 Harbor Drive
Stamford, CT 06902

Ladies and Gentlemen:

      Reference is made to (i) the Asset Purchase Agreement, dated as of April
20, 2005, between Adelphia Communications Corporation ("ADELPHIA") and Time
Warner NY Cable LLC (as amended through the date hereof, the "TW NY APA"), (ii)
the Registration Rights and Sale Agreement, by and between Adelphia and Time
Warner Cable Inc. (the "ISSUER"), to be entered into in the case of a 363 Sale
(as defined in the TW NY APA) as of the Closing (as defined in the TW NY APA) in
the form attached hereto as Exhibit A (the "ADELPHIA REGISTRATION RIGHTS
AGREEMENT") and (iii) the Registration Rights Agreement, dated as of March 31,
2003, among TWE Holdings II Trust ("TWE HOLDINGS II"), Time Warner Inc. (f/k/a
AOL Time Warner Inc.) and the Issuer (as amended, the "COMCAST REGISTRATION
RIGHTS AGREEMENT").

      1. Definitions. (a) Except as otherwise indicated, capitalized terms used
herein and not otherwise defined herein have the meaning assigned to such terms
in the Adelphia Registration Rights Agreement.

            (b) As used in this letter agreement, the following terms have the
      meanings indicated:

                  (i) "COMCAST LOCK-UP AGREEMENT" means a "Lock-up Agreement" as
            defined in the Comcast Registration Rights Agreement.

                  (ii) "COMCAST LOCK-UP PERIOD" means the "Lock-Up Period" as
            defined in the Redemption Agreement.

                  (iii) "COMCAST NATIVE SYSTEMS" has the meaning assigned to
            such term in the Exchange Agreement.

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                  (iv) "COMCAST SHARES" means "Registrable Securities" as
            defined in the Comcast Registration Rights Agreement.

                  (v) "COMCAST STOCKHOLDER" means a "Stockholder" as defined in
            the Comcast Registration Rights Agreement.

                  (vi) "COMCAST SHELF REGISTRATION STATEMENT" means the "Section
            2.3 Registration Statement" as defined in the Comcast Registration
            Rights Agreement.

                  (vii) "COMCAST/ADELPHIA SYSTEMS" has the meaning assigned to
            such term in the Exchange Agreement.

                  (viii) "EXCHANGE AGREEMENT" means the Exchange Agreement,
            dated as of April 20, 2005, by and among Comcast Corporation
            ("COMCAST"), the Issuer, Time Warner NY Cable LLC and the other
            parties named therein, as such agreement may be amended from time to
            time.

                  (ix) "EXCHANGE CLOSING" means the "Closing" as defined in the
            Exchange Agreement.

                  (x) "REDEMPTION AGREEMENT" means the Redemption Agreement,
            dated as of April 20, 2005, by and among Comcast Cable
            Communications Holdings, Inc., MOC Holdco II, Inc., TWE Holdings I
            Trust, TWE Holdings II, Cable Holdco II Inc., the Issuer and the
            other parties named therein, as such agreement may be amended from
            time to time in a manner not adverse to Adelphia.

                  (xi) "U.S. GOVERNMENT" means the Securities and Exchange
            Commission, Department of Justice and any other Governmental Entity
            of the United States of America to which Purchase Shares are
            Transferred pursuant to the SEC/DOJ Settlement.

      2. Certain Agreements. Adelphia, for itself and each of its Debtors, the
Issuer and TWE Holdings II agree that if the 363 Sale occurs, then
notwithstanding any provision of the Adelphia Registration Rights Agreement to
the contrary:

            (a) the Stockholder shall not have the right to include any of its
      Registrable Securities or any other securities of the Issuer in any
      takedown under the Comcast Shelf Registration Statement;

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            (b) if Comcast Shares and Registrable Securities of the Stockholder
      are included in the same offering, such Comcast Shares shall have priority
      over such Registrable Securities, and none of such Comcast Shares shall be
      excluded from such registration or offering pursuant to any "cutback",
      "priority" or similar provision (including, without limitation, Section
      6.9 of the Adelphia Registration Rights Agreement) unless all such
      Registrable Securities have also been excluded;

            (c) if the book-running manager of any underwritten public offering
      pursuant to the Comcast Registration Rights Agreement requires or
      recommends that Comcast Stockholders execute Comcast Lock-up Agreements in
      connection with such underwritten public offering, then the Stockholder
      shall execute and deliver a Lock-up Agreement that (i) contains the same
      disposition restrictions and other terms and conditions as are included in
      such Comcast Lock-up Agreement, provided that (A) such disposition
      restrictions shall not have a duration of more than 180 days after the
      completion of the first such offering or more than 90 days after the
      completion of any subsequent offering, (B) in no event shall such
      disposition restrictions be in effect prior to November 1, 2006 or after
      February 16, 2008, (C) no such Lock-up Agreement shall prohibit the filing
      or effectiveness of the Final Registration Statement (and the Registration
      Actions related thereto) or the solicitation of votes of the Adelphia
      Claimants with respect to the approval of the Final Distribution, (D) with
      respect to any distribution under section 1145 of the Bankruptcy Code, if
      agreed to by such book-running manager, the disposition restriction on the
      Stockholder may be shorter than that applicable to the Comcast
      Stockholders and (E) TWE Holdings II shall not avail itself of any early
      termination of such disposition restrictions agreed to by such
      book-running manager except to the extent that such book-running manager
      shall have agreed to an equivalent early termination of such disposition
      restrictions applicable to the Stockholder, (ii) names the Comcast
      Stockholders as intended third-party beneficiaries thereof and (iii)
      requires the prior written consent of the Majority Stockholders (as
      defined in the Comcast Registration Rights Agreement) for any amendments
      thereto or waivers thereof;

            (d) the Stockholder shall notify TWE Holdings II (and the Issuer, if
      not already notified) in writing at least 15 days prior to effecting any
      Transfer of Registrable Securities (other than pursuant to Section 2.5,
      2.7 or 8.7 of the Adelphia Registration Rights Agreement) (an "ADELPHIA
      OFFERING") of the Stockholder's intent to effect such Adelphia Offering
      (it being understood that such notice (each, an "ADELPHIA NOTICE") shall
      describe in reasonable detail the intended size and manner of such
      Adelphia Offering). If (i) any public offering of Comcast Shares by a
      Comcast Stockholder (or associated registration) pursuant to the Comcast
      Registration Rights Agreement shall then be pending or any Comcast

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      Stockholder shall determine to commence such an offering (or associated
      registration) upon receipt of such Adelphia Notice (each such offering
      described in this clause (i), a "COMCAST OFFERING"), (ii) the Comcast
      Lockup Period is no longer in effect as of the date of such Adelphia
      Notice, (iii) such Adelphia Offering would reasonably be expected to occur
      before November 18, 2007 and (iv) unless the Issuer shall otherwise
      consent, with respect to any Comcast Offering occurring prior to the
      completion of the earlier of (x) the Initial Sale, (y) the occurrence of a
      Termination Event and (z) the first sale of Comcast Shares pursuant to a
      Comcast Offering, the reasonably expected net proceeds to the Comcast
      Stockholders from such Comcast Offering are at least $1.5 billion in the
      aggregate, then TWE Holdings II shall have the right (the "DEFERRAL
      RIGHT"), exercisable upon delivery of a written notice to Adelphia and the
      Issuer within five Business Days (such five Business Day period, the
      "NOTICE PERIOD") after the receipt by TWE Holdings II of such Adelphia
      Notice, to prohibit the Stockholder from Transferring any Registrable
      Securities in such Adelphia Offering or conducting marketing efforts in
      connection therewith until the earlier of (A) such time as such Comcast
      Stockholder shall have ceased to pursue such Comcast Offering in good
      faith (it being understood that (1) such Comcast Stockholder shall be
      deemed to have ceased to pursue such Comcast Offering in good faith if it
      shall have ceased to take material steps in furtherance thereof and (2)
      such Comcast Stockholder shall provide the Issuer and the Stockholder with
      prompt written notice if it shall cease to pursue such Comcast Offering)
      and (B) 45 days (plus (1) the number of days in any Deferral Period (as
      defined in the Comcast Registration Rights Agreement) relating to such
      Comcast Offering and (2) without duplication, the number of days that
      elapse after the Notice Period during which the Comcast Shelf Registration
      Statement is not effective or sales thereunder cannot be made) from the
      date of such notice delivered by TWE Holdings II. If TWE Holdings II does
      not exercise its Deferral Right with respect to an Adelphia Offering and
      the Stockholder has not completed such Adelphia Offering within 45 days of
      the end of the Notice Period relating to such Deferral Right, then the
      Stockholder shall again comply with this paragraph 2(d) prior to
      Transferring any Registrable Securities (whether pursuant to such Adelphia
      Offering or otherwise) or conducting any marketing efforts in connection
      therewith. In addition, the Stockholder shall provide an Adelphia Notice
      and otherwise comply with this paragraph 2(d) with respect to any Adelphia
      Offering (i) if the Comcast Lock-up Period terminates during the period
      the Stockholder is pursuing such Adelphia Offering and (ii) the
      Stockholder has not entered into a customary firm commitment underwriting
      agreement specifying the price applicable to the Registrable Securities
      included in such Adelphia Offering prior to the fifteenth day following
      the termination of the Comcast Lock-up Period. For the avoidance of doubt,
      in no event shall

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      the Deferral Right be exercisable by TWE Holdings II prior to November 1,
      2006 or after November 17, 2007;

            (e) unless the Initial Sale or the Termination Event has already
      occurred or the Issuer otherwise consents, the Comcast Stockholders shall
      not consummate the first Comcast Offering unless the reasonably expected
      net proceeds to the Comcast Stockholders from such first Comcast Offering
      are at least $1.5 billion in the aggregate;

            (f) prior to November 17, 2007, no Stockholder shall Transfer any
      Purchase Shares to any Person (other than the Escrow Agent) unless such
      Person shall be bound (in the Comcast Stockholder's reasonable
      determination) by all of the obligations of the Stockholder set forth in
      this letter agreement; provided that (i) such requirement shall not apply
      with respect to Transfers (A) to Adelphia Claimants pursuant to the
      Remainder Plan, (B) to Permitted Assignees (but subject to paragraph 2(g)
      below) and (C) pursuant to an underwritten public offering, Section 4.3(b)
      of the Adelphia Registration Rights Agreement or Rule 144 under the
      Securities Act (but in each case subject to paragraph 2(d) above) and (ii)
      notwithstanding paragraphs 2(a) and 2(b), the U.S Government shall have
      the right to include Purchase Shares received by it pursuant to the
      SEC/DOJ Settlement in (A) the first takedown under the Comcast Shelf
      Registration Statement on a pro rata basis with the Comcast Stockholders
      (relative to the total number of shares of Class A Common Stock proposed
      to be sold in such takedown by the U.S. Government, on the one hand, and
      the Comcast Stockholders, on the other hand), except that the Comcast
      Stockholders shall have priority to include in such takedown (and shall
      not be subject to any "cutback", "priority" or similar provision in favor
      of the U.S. Government) such number of Comcast Shares as would reasonably
      be expected to result in the Comcast Stockholders receiving net proceeds
      of at least $2.0 billion from such takedown and (B) any subsequent
      takedown under the Comcast Shelf Registration Statement, it being
      understood that the Comcast Shares included in such takedown shall have
      priority over all Purchase Shares included by the U.S. Government in such
      takedown, and none of such Comcast Shares shall be excluded from such
      takedown pursuant to any to "cutback", "priority" or similar provision
      unless all such Purchase Shares have also been excluded. No such Transfer
      under this paragraph 2(f) (other than to the extent the transferee is the
      U.S. Government) shall relieve Adelphia of its obligations hereunder with
      respect to any Purchase Shares; and

            (g) neither Adelphia nor any of its subsequent assignees may assign
      the Adelphia Registration Rights Agreement or any of its rights thereunder
      or Transfer any Purchase Shares (or the right to receive any Purchase
      Shares) to a Permitted Assignee unless the applicable assignee, shall have
      agreed in writing to be bound by the obligations of Adelphia set forth in
      this letter agreement. No such assignment shall relieve Adelphia

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      of any of its obligations and Liabilities under this letter agreement with
      respect to Registrable Securities that it continues to hold, but such
      assignment shall relieve Adelphia of any further obligation and Liability
      under this letter agreement arising after the date of assignment with
      respect to the rights or Registrable Securities so assigned if, but only
      if, Adelphia provides TWE Holdings II with an indemnification agreement
      (in form and substance reasonably satisfactory to TWE Holdings II, it
      being understood that the amount or nature of the remaining assets or
      liabilities of Adelphia shall not be a factor in such determination)
      indemnifying TWE Holdings II for any breach of the obligations and
      Liabilities of such assignee under this letter agreement. In addition, no
      Person shall be permitted to become a party to the Adelphia Registration
      Rights Agreement unless such Person shall have agreed in writing to be
      bound by the obligations of the Stockholder set forth in this letter
      agreement.

      3. Provision of Financial Information. Comcast shall use all commercially
reasonable efforts to provide, in a timely manner, all financial statements with
respect to (a) the Comcast Native Systems for periods ending on or prior to the
Exchange Closing and (b) if the Exchange Closing does not occur substantially
contemporaneously with the Closing, the Comcast/Adelphia Systems for any
quarterly or annual period as of the end of which the Comcast/Adelphia Systems
were owned by Comcast or one or more of its Affiliates that, in each such case,
are required by the Commission for inclusion in reports under the Exchange Act
and registration statements that are to be filed under the Adelphia Registration
Rights Agreement or the Comcast Registration Rights Agreement. In addition,
Comcast shall use commercially reasonable efforts to assist the Issuer in
obtaining customary accountants' "cold comfort" letters and consents with
respect to the financial statements referred to in the immediately preceding
sentence to the extent reasonably necessary in connection with any offering
under the Securities Act. The Issuer shall reimburse Comcast for the reasonable
costs and expenses incurred by Comcast pursuant to this paragraph 3, including
reasonable out-of-pocket costs and expenses. Comcast shall give the Issuer
reasonable advance notice of the type and amount of such costs and expenses
prior to the incurrence thereof.

      4. TW NY APA. Adelphia acknowledges and agrees that TWE Holdings II is a
third party beneficiary of Section 5.5(c) of the TW NY APA and, as such, is
entitled to enforce the obligations thereunder and receive remedies for breaches
thereof.

      5. Termination. This letter agreement, except for paragraph 3, shall
terminate upon the occurrence of the Closing (as defined in the Redemption
Agreement).

      6. Specific Performance. The parties hereto agree that irreparable damage
would occur if any provision of this letter agreement were not performed

                                       6
<PAGE>

in accordance with the terms hereof and that the parties shall be entitled to an
injunction or injunctions to prevent breaches of this letter agreement or to
enforce specifically the performance of the terms and provisions hereof, in
addition to any other remedy to which they are entitled at law or in equity.

      7. Miscellaneous. This letter agreement shall be governed by and construed
in accordance with the law of the State of New York, without regard to the
conflicts of law rules of such state. This letter agreement may be signed in any
number of counterparts, each of which shall be an original, with the same effect
as if the signatures thereto and hereto were upon the same instrument. Any
provision of this letter agreement may be amended or waived only with the
written consent of, in the case of an amendment, each party hereto, or, in the
case of a waiver, the party against whom such waiver is to be effective.

[The remainder of this page has been intentionally left blank; the next page is
                              the signature page.]

                                       7
<PAGE>

                                         Very truly yours,

                                         TWE HOLDINGS II TRUST

                                         By:  /s/ Edith E. Holiday
                                              ----------------------------------
                                              Name:  Edith E. Holiday
                                              Title: Solely in her capacity as
                                                     Operating Trustee

                                         COMCAST CORPORATION

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

Accepted and agreed to:

ADELPHIA COMMUNICATIONS CORPORATION

By:  /s/ Vanessa Wittman
     -----------------------------------
     Name:  Vanessa Wittman
     Title: Executive Vice President and
            Chief Financial Officer

TIME WARNER CABLE INC.

By:  /s/ Satish Adige
     ------------------------------------
     Name:  Satish Adige
     Title: SVP, Investments

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