Document:

EX-10.1

SECOND AMENDMENT TO CREDIT AGREEMENT

SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of June 29, 2006,
among STARWOOD HOTELS & RESORTS WORLDWIDE, INC., a Maryland corporation (the
“Corporation”), each additional DOLLAR REVOLVING LOAN BORROWER from time to time party to
the Credit Agreement as referred to below, each additional ALTERNATE CURRENCY REVOLVING LOAN
BORROWER from time to time party to the Credit Agreement as referred to below, the LENDERS from
time to time party to the Credit Agreement (the “Lenders”) and DEUTSCHE BANK AG NEW YORK
BRANCH, as Administrative Agent (in such capacity, the “Administrative Agent”). Unless
otherwise defined herein, all capitalized terms used herein shall have the respective meanings
provided such terms in the Credit Agreement referred to below.

W I T N E S S E T H:

WHEREAS, the Borrowers, the Lenders, the Administrative Agent, JPMorgan Chase Bank, N.A. and
Société Générale, as Syndication Agents, Bank of America, N.A. and Calyon New York Branch, as
Documentation Agents, and Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and Banc of
America Securities LLC, as Lead Arrangers and Book Running Managers, are parties to that certain
Credit Agreement, dated as of February 10, 2006 (as amended, modified and/or supplemented to, but
not including, the date hereof, the “Credit Agreement”);

WHEREAS, the Borrowers, the Lenders and the Administrative Agent are parties to that certain
First Amendment to Credit Agreement, dated as of March 31, 2006 (the “First Amendment”);

WHEREAS, pursuant to the First Amendment, certain Lenders (the “Existing Designated
Incremental RL Lenders”) provided Designated Incremental RL Commitments (as defined in the
First Amendment), all of which shall terminate on June 30, 2006 (immediately after giving effect to
the Initial Second Amendment Effective Date referred to below and prior to giving effect to the
Subsequent Second Amendment Effective Date referred to below); and

WHEREAS, subject to the terms and conditions of this Amendment, the Lenders and the Borrowers
wish to (x) amend certain provisions of the Credit Agreement and (y) enter into certain agreements
with respect to the Credit Agreement, in each case as herein provided.

	 	 	 
	
 
	 	NOW, THEREFORE, it is agreed:
	PART I.

	 	Acknowledgments and Agreements.
	
 
	 	 

SECTION 1. The Existing Designated Incremental RL Lenders hereby agree that,
notwithstanding anything to the contrary contained in Section 3.03(b) of the Credit Agreement, the
Designated Incremental RL Commitments (as defined in the First Amendment) of the Existing
Designated Incremental RL Lenders shall not terminate as otherwise required by said Section until
June 30, 2006 (immediately after giving effect to the Initial Second Amendment Effective Date).

SECTION 2. Each Designated Incremental RL Lender (as defined below), each other Lender
and each Borrower hereby acknowledges that, as of the Subsequent Second Amendment Effective Date,
(i) each Designated Incremental RL Lender has provided an Incremental Revolving Loan Commitment as
contemplated by Section 1.19 of the Credit Agreement which constitutes a Designated Incremental RL
Commitment (as defined below) and (ii) the Total Designated Incremental RL Commitment (as defined
below) equals $300,000,000.

SECTION 3. Notwithstanding anything to the contrary contained in Section 3.02 of the
Credit Agreement, the Corporation shall not have the right to terminate or reduce the Total
Unutilized Revolving Loan Commitment pursuant to Section 3.02 until the occurrence of the
Designated Incremental RL Commitment Termination Date (as defined below).

PART II. Amendments.

SECTION 1. Section 3.03 is hereby amended by (i) deleting clause (b) of said Section
in its entirety and (ii) inserting the following new clause (b) in lieu thereof:

“(b) In addition to any other mandatory commitment reductions pursuant to this Section
3.03, the Total Designated Incremental RL Commitment (and the Designated Incremental RL
Commitment of each Designated Incremental RL Lender) shall terminate in its entirety on the
earlier to occur of (x) June 30, 2007 and (y) the third Business Day following the date on
which the Corporation shall have given written notice to the Administrative Agent at the
Notice Office of its intention to cause a termination of the Total Designated Incremental RL
Commitment pursuant to this Section 3.03(b) (such earlier date, the “Designated
Incremental RL Commitment Termination Date”). The termination of the Total Designated
Incremental RL Commitment and the Designated Incremental RL Commitment of each Designated
Incremental RL Lender pursuant to this Section 3.03(b) shall result in a reduction to the
Total Revolving Loan Commitment or the Revolving Loan Commitment of the relevant Designated
Incremental RL Lender, as the case may be, in an amount equal to the Total Designated
Incremental RL Commitment or the Designated Incremental RL Commitment of such Designated
Incremental RL Lender, as the case may be, so terminated (as the same were in effect
immediately prior to such termination).”.

SECTION 2. The definition of “Consolidated Interest Expense” appearing in Section
11.01 of the Credit Agreement is hereby amended by (i) inserting the text “(x)” immediately after
the text “provided that” appearing in said definition and (ii) inserting the following text
immediately prior to the period at the end of said definition:

“and (y) up to $37,000,000 of premiums, penalties, fees and other amounts (other
than principal) paid during the fiscal quarter of Parent ended March 31, 2006 in
connection with the defeasance of certain mortgage debt during such fiscal quarter
(together with accrued interest thereon) shall be excluded from Consolidated
Interest Expense to the extent same would otherwise have been included therein .”

SECTION 3. Section 11.01 of the Credit Agreement is hereby amended by (i) deleting the
following definitions: “Designated Incremental RL Lender” and “Designated Incremental
RL Commitment” and (ii) inserting the following new definitions in appropriate alphabetical
order:

“Designated Incremental RL Lender” shall mean each financial institution party
to the Incremental Revolving Loan Commitment Agreement entered into on the Subsequent Second
Amendment Effective Date and listed on Schedule I-A (as amended by the Second Amendment), as
well as any Person which becomes a “Lender” hereunder pursuant to Section 1.14 or 13.04(b).

“Designated Incremental RL Commitment” shall mean, for each Lender, the amount
set forth opposite such Lender’s name in Schedule I-A (as amended by the Second Amendment)
directly below the column entitled “Designated Incremental RL Commitment,” as the same may
be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 and (y) adjusted
from time to time as a result of assignments to or from such Lender pursuant to Section 1.14
or 13.04(b).

“Second Amendment” shall mean the Second Amendment to Credit Agreement, dated
as of June 29, 2006.

“Subsequent Second Amendment Effective Date” shall have the meaning provided in
the Second Amendment.

SECTION 4. Schedule I-A to the Credit Agreement is hereby amended by deleting the same
in its entirety and inserting new Schedule I-A in the form of Schedule I-A attached hereto.

PART III. Miscellaneous Provisions.

A. Each Guarantor, by its signature below, hereby confirms that its Guaranty shall remain in
full force and effect and its Guaranty covers the obligations of each of the relevant Borrowers
under the Credit Agreement (including, without limitation, any Revolving Loans made available
pursuant to Designated Incremental RL Commitments), as modified and amended by this Amendment.

B. In order to induce the Lenders to enter into this Amendment, the Corporation represents and
warrants to the Lenders that, on each of the Initial Second Amendment Effective Date and the
Subsequent Second Amendment Effective Date, before, as of and after giving effect to the execution,
delivery and performance by the Corporation of this Amendment and the transactions contemplated
hereby, (i) there shall exist no Default or Event of Default and (ii) all representations and
warranties contained in the Credit Agreement and in the other Credit Documents are true and correct
in all material respects with the same effect as though such representations and warranties had
been made on the Initial Second Amendment Effective Date or the Subsequent Second Amendment
Effective Date, as the case may be (it being understood and agreed that any representation or
warranty which by its terms is made as of a specified date shall be true and correct in all
material respects only as of such specified date).

C. This Amendment is limited as specified and shall not constitute a modification, acceptance
or waiver of any other provision of the Credit Agreement or any other Credit Document.

D. This Amendment may be executed in any number of counterparts and by the different parties
hereto on separate counterparts, each of which counterparts when executed and delivered shall be an
original, but all of which shall together constitute one and the same instrument. A complete set
of counterparts shall be lodged with the Corporation and the Administrative Agent.

E. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

F. Part I, Section 1 of this Amendment shall become effective on the date (the “Initial
Second Amendment Effective Date”) when the Borrowers, each Guarantor, each Existing Designated
Incremental RL Lender and the Lenders constituting the Required Lenders shall have signed a
counterpart hereof (whether the same or different counterparts) and shall have delivered (including
by way of facsimile transmission) the same to the Administrative Agent (or its designee). The
Administrative Agent shall promptly deliver notice to the Corporation of the occurrence of the
Initial Second Amendment Effective Date.

G. This Amendment (other than Part I, Section 1 hereof) shall become effective on the date
(the “Subsequent Second Amendment Effective Date”) when each of the following conditions
have been satisfied:

1. The Initial Second Amendment Effective Date shall have occurred and each Designated
Incremental RL Lender shall have signed a counterpart hereof (whether the same or different
counterparts) and shall have delivered (including by way of facsimile transmission) the same
to the Administrative Agent (or its designee).

2. The Corporation, the Administrative Agent and each Designated Incremental RL Lender
shall have delivered an Incremental Revolving Loan Commitment in accordance with Section
1.19(b) of the Credit Agreement with respect to the Designated Incremental RL Commitments,
and each of the Incremental Revolving Loan Commitment Requirements required to be satisfied
in connection therewith shall have been satisfied (including, without limitation, the
delivery of any certificates required pursuant to the definition thereof and the legal
opinions required in accordance with Section 1.19(b) of the Credit Agreement).

3. The Corporation shall have paid all amounts, if any, required to be paid pursuant to
Section 1.19(c)(ii).

The Administrative Agent shall promptly deliver notice to the Corporation of the occurrence of the
Subsequent Second Amendment Effective Date.

H. From and after the Initial Second Amendment Effective Date and the Subsequent Second
Amendment Effective Date, all references in the Credit Agreement and each of the other Credit
Documents to the Credit Agreement shall be deemed to be references to the Credit Agreement as
modified by this Amendment on the Initial Second Amendment Effective Date or the Subsequent Second
Amendment Effective Date, as the case may be. This Amendment shall constitute a Credit Document
for all purposes under the Credit Agreement and the other Credit Documents.

I.

[Signatures appear on the following page.]

1

IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to
execute and deliver this Amendment as of the date first above written.

	 
	 

	STARWOOD HOTELS & RESORTS WORLDWIDE, INC., as a Borrower and

Guarantor

By:

	Name:

	Title:

	 

	STARWOOD CANADA CORP., as an Alternate Currency Revolving Loan Borrower

By:

	Name:

	Title:

	 

	SHERATON HOTELS (U.K.) PLC, as an Alternate Currency Revolving Loan Borrower

By:

	Name:

	Title:

	 

2

	 
	 

	DEUTSCHE BANK AG NEW YORK BRANCH,

Individually and as Administrative Agent

By:

	 

	Name:

	Title:

	By:

	 

	Name:

	Title:

	 

3

SIGNATURE PAGE TO THE SECOND AMENDMENT, DATED AS OF
JUNE 29, 2006, TO THAT CERTAIN CREDIT AGREEMENT,
DATED AS OF FEBRUARY 10, 2006, AMONG STARWOOD HOTELS
& RESORTS WORLDWIDE, INC., CERTAIN ADDITIONAL DOLLAR
REVOLVING LOAN BORROWERS, CERTAIN ADDITIONAL
ALTERNATE CURRENCY REVOLVING LOAN BORROWERS, THE
VARIOUS LENDERS PARTY THERETO, DEUTSCHE BANK AG NEW
YORK BRANCH, AS ADMINISTRATIVE AGENT, JPMORGAN CHASE
BANK, N.A. AND SOCIETE GENERALE, AS SYNDICATION
AGENTS, BANK OF AMERICA, N.A. AND CALYON NEW YORK
BRANCH, AS DOCUMENTATION AGENTS, AND DEUTSCHE BANK
SECURITIES INC., J.P. MORGAN SECURITIES INC. AND BANC
OF AMERICA SECURITIES LLC, AS LEAD ARRANGERS AND BOOK
RUNNING MANAGERS

NAME OF INSTITUTION:

     

By:      

Name:

Title:

4EX-10.1

Amendment No. 1 to First Lien Credit Agreement

This Amendment No. 1 to First Lien Credit Agreement, dated as of
June 30, 2006 (this “Amendment), is entered into among Knology, Inc., a Delaware
corporation (the “Borrower”), and Credit Suisse, Cayman Islands Branch (“CSFB”), as
Administrative Agent (as defined below) on behalf of each Lender executing a Lender Consent or Term
Loan Lender Consent (each as defined below), and amends the First Lien Credit Agreement, dated as
of June 29, 2005 (as the same may be amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among the Borrower, the Lenders and Issuers party thereto,
CSFB as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), and as
agent for the Secured Parties under the Collateral Documents (in such capacity, the “Collateral
Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meaning set
forth in the Credit Agreement.

W i t n e s s e t h:

Whereas, the Borrower has requested that the Lenders agree to amend certain
provisions of the Credit Agreement;

Whereas, the Borrower and the Administrative Agent wish to enter into this Amendment
for the purpose of giving effect to such modifications in each case as more particularly set forth
herein;

Whereas, pursuant to Section 11.1(a) (Amendments, Waivers, Etc.) of the Credit
Agreement, the consent of the Requisite Lenders is required to effect the amendments set forth
herein; provided, that the amendments set forth in Section 1(B) (Amendments to the Credit
Agreement) below also require the consent of each Term Loan Lender; and

Whereas, the Lenders party to the attached Acknowledgement and Consent of Lenders to
this Amendment (the “Lenders’ Consent”) constituting the Requisite Lenders and, with respect to the
amendments set forth in Section 1(B) (Amendments to the Credit Agreement), each Term Loan Lender
and the Administrative Agent agree, subject to the limitations and conditions set forth herein, to
amend the Credit Agreement as set forth herein;

Now, Therefore, in consideration of the premises and the covenants and obligations
contained herein the parties hereto agree as follows:

Section 1. Amendments to the Credit Agreement

(A) Effective as of the Amendment No. 1 Effective Date (as defined below) and subject to the
satisfaction (or due waiver) of the conditions set forth in Section 2 (Conditions Precedent to the
General Effectiveness of this Amendment) hereof, the Credit Agreement is hereby amended as follows:

(1) Clause (e) of the definition of “Permitted Acquisition” is hereby amended and restated in
its entirety to read as follows:

(e) the Dollar Equivalent of the sum of all amounts payable in
connection with such Proposed Acquisition and all other Permitted
Acquisitions consummated on or prior to the date of the consummation of
such Proposed Acquisition (including all transaction costs and all
Indebtedness, liabilities and Guaranty Obligations incurred or assumed in
connection therewith or otherwise reflected in a Consolidated balance
sheet of the Borrower and Target) shall not in aggregate exceed $4,000,000
in any Fiscal Year and $10,000,000 during the term of this Agreement;
provided, however, that neither of the foregoing limits shall apply to the
extent the purchase consideration for such Proposed Acquisition (i) is in
the form of an Equity Issuance or is funded with the Net Cash Proceeds of
any Equity Issuance not used to prepay Loans under Section 2.9 (Mandatory
Prepayments) or (ii) is funded with the Net Cash Proceeds of an Asset Sale
permitted by Section 8.4 (Sale of Assets) and subject to a Reinvestment
Event; provided, that such Proposed Acquisition is consummated by the
corresponding Reinvestment Prepayment Date;

(2) Section 5.4 (Capital Expenditures) of the Credit Agreement is hereby amended and restated
in its entirety to read as follows:

Section 5.4 Capital Expenditures.

The Borrower, together with its Subsidiaries, shall not make or
incur, or permit to be made or incurred, Capital Expenditures during each
of the Fiscal Years set forth below to be, in the aggregate, in excess of
the maximum amount set forth below for such Fiscal Year:

	 	 	 	 	 
	 	 	Maximum Capital
	Fiscal Year Ending On or

About

	 	Expenditures

(in Millions)

	 

	 	 	 	 
	 
	 	 	 	 
	December 31, 2005

	 	 	36.0	 
	 

	 	 	 	 
	 
	 	 	 	 
	December 31, 2006

	 	 	30.0	 
	 

	 	 	 	 
	 
	 	 	 	 
	December 31, 2007

	 	 	30.0	 
	 

	 	 	 	 
	 
	 	 	 	 
	December 31, 2008

	 	 	30.0	 
	 

	 	 	 	 
	 
	 	 	 	 
	December 31, 2009

	 	 	30.0	 
	 

	 	 	 	 

Notwithstanding the foregoing, (i) up to 100% of the amount of
Capital Expenditures permitted above for any Fiscal Year, if not expended
in the Fiscal Year for which it is permitted, may be carried over for
expenditure in the next succeeding Fiscal Year and, (ii) Capital
Expenditures made in any Fiscal Year shall be deemed to be made, first, in
respect of the amounts permitted for such Fiscal Year as provided above
and, second, in respect of amounts carried over from the prior Fiscal Year
pursuant to clause (i) above, (iii) the maximum amount of Capital
Expenditures for each Fiscal Year following the Fiscal Year ending
December 31, 2005 may be increased by (A) an additional amount not
exceeding $3,000,000 to the extent such Capital Expenditures consist of
expenditures by the Borrower and its Subsidiaries for the construction,
operation and maintenance of communications networks to serve in
residential buildings, multiple dwelling units, commercial buildings or
other developments and (B) an amount equal to 25% of the amount by which
EBITDA of the Borrower for the previous Fiscal Year exceeds $62,000,000
and (iv) such Capital Expenditures shall not include any items contained
in clauses (a), (b) or (c) of the definition thereof.

(3) Section 8.1 (Indebtedness) of the Credit Agreement is hereby amended as follows:

(a) Clause (d) of Section 8.1 is hereby amended and restated in its entirety to read
as follows:

(d) Capital Lease Obligations and purchase money Indebtedness (i) set
forth in Schedule 8.1(d) (Capital Leases) or (ii) incurred after the
Closing Date by the Borrower or a Subsidiary of the Borrower to finance
the acquisition of fixed assets; provided, however, that the Capital
Expenditure related thereto is otherwise permitted by Section 5.4 (Capital
Expenditures) and that the aggregate outstanding principal amount of all
such Capital Lease Obligations and purchase money Indebtedness shall not
exceed $10,000,000 at any time during the term of this Agreement;

(b) Clause (i) of Section 8.1 is hereby amended and restated in its entirety to read
as follows:

(i) unsecured Indebtedness not otherwise permitted under this
Section 8.1; provided, however, that the aggregate outstanding principal
amount of all such unsecured Indebtedness shall not exceed $10,000,000 at
any time;

(c) Clause (j) of Section 8.1 is hereby amended and restated in its entirety to read
as follows:

(j) Indebtedness under unsecured promissory notes issued by the
Borrower as consideration in connection with any Permitted Acquisition;
provided, however, that (x)(i) the obligations under such notes are
subordinated to the Obligations on terms reasonably satisfactory to the
Administrative Agent, (ii) no principal in respect of such notes is, or
may be, payable before the first anniversary of the Term Loan Maturity
Date, and (iii) no interest in respect of such notes is required to be
paid in cash prior to the Term Loan Maturity Date or (y) the aggregate
outstanding principal amount of all such Indebtedness incurred, shall not
exceed $4,000,000 in any Fiscal Year and $10,000,000 at any time during
the term of this Agreement;

(d) Clause (k) of Section 8.1 is hereby amended and restated in its entirety to read
as follows:

(k) Indebtedness assumed pursuant to a Permitted Acquisition;
provided that (i) such Indebtedness was not created in contemplation of
such Permitted Acquisition and (ii) the aggregate outstanding principal
amount of all such Indebtedness shall not exceed $7,500,000 at any time;
and

(B) Effective as of the Facility Repricing Effective Date (as defined below) and subject to
the satisfaction (or due waiver) of the conditions set forth in Section  3 (Conditions Precedent to
the Facility Repricing) hereof, the Credit Agreement is hereby amended as follows:

(1) The definition of “Applicable Margin” is hereby amended and restated in its
entirety to read as follows:

“Applicable Margin” means with respect to (a) Term Loans maintained
(i) as Base Rate Loans, a rate equal to 1.50% per annum and (ii) as
Eurodollar Rate Loans, a rate equal to 2.50% per annum and (b) Revolving
Loans or Swing Loans maintained (i) as Base Rate Loans, a rate equal to
4.5% per annum and (ii) as Eurodollar Rate Loans, a rate equal to 5.5% per
annum.

(2) The definition of “Applicable Prepayment Premium” is hereby amended and restated
in its entirety to read as follow:

“Applicable Prepayment Premium” means, with respect to any optional
prepayment of the Term Loans pursuant to Section 2.8(b) (Optional
Prepayments) or any purchase of Term Loans of a Non-Consenting Lender
pursuant to Section 11.1(c) (Amendments, Waivers, Etc.) on or before June
29, 2006, an amount determined by multiplying the principal amount of the
Term Loans being prepaid or purchased by 3%; provided, however, that from
and after June 30, 2006, the “Applicable Prepayment Premium” shall be 0%.

Section 2. Conditions Precedent to the General Effectiveness of this Amendment

This Amendment shall become effective as of the date hereof when, and only when, each of the
following conditions precedent shall have been satisfied (the “Amendment No. 1 Effective Date”) or
duly waived by the Administrative Agent:

(a) Certain Documents. The Administrative Agent shall have received each of the following,
each dated the Amendment No. 1 Effective Date (unless otherwise agreed by the Administrative
Agent), in form and substance satisfactory to the Administrative Agent:

(i) this Amendment, duly executed by the Borrower and the Administrative Agent;

(ii) the Consent and Agreement, in the form attached hereto as Exhibit A (each, a
“Guarantor Consent”), executed by each of the Guarantors;

(iii) the Acknowledgment and Consent, in the form attached hereto as Exhibit B (each,
a “Lender Consent”), executed by the Lenders which, when combined, constitute the Requisite
Lenders; and

(iv) an Officer’s Certificate certifying that (A) the Subsidiary Guaranty Requirements
specified in Section 8.10 of the Credit Agreement have been satisfied for each Subsidiary
listed on Schedule 8.10(b) to the Credit Agreement and (B) PUC Authorizations were obtained
in accordance with Section 8.10(b) of the Credit Agreement by each such Subsidiary, and the
dates such requirements were met for each such Subsidiary.

(b) Representations and Warranties. Each of the representations and warranties contained in
Article IV (Representations and Warranties) of the Credit Agreement, the other Loan Documents or in
any certificate, document or financial or other statement furnished at any time under or in
connection therewith are true and correct in all material respects on and as of the Amendment No. 1
Effective Date, in each case as if made on and as of such date and except to the extent that such
representations and warranties specifically relate to a specific date, in which case such
representations and warranties shall be true and correct in all material respects as of such
specific date; provided, however, that references therein to the “Credit Agreement” shall be deemed
to refer to the Credit Agreement as amended by this Amendment;

(c) No Default or Event of Default. After giving effect to this Amendment, no Default or
Event of Default shall have occurred and be continuing, on the Amendment No. 1 Effective Date; and

(d) Fees and Expenses Paid. The Borrower shall have paid all Obligations due, after giving
effect to this Amendment, on or before the Amendment No. 1 Effective Date including, without
limitation, the expenses set forth in clause (b) of Section 5 (Fees and Expenses) hereof.

Section 3. Conditions Precedent to the Facility Repricing

The amendment set forth in Section 1(B) (Amendment to the Credit Agreement) shall become
effective as of June 30, 2006 when, and only when, each of the following conditions precedent shall
have been satisfied (the “Facility Repricing Effective Date”) or duly waived by the Administrative
Agent:

(a) Amendment No. 1 Effective Date. The Amendment No. 1 Effective Date shall have occurred;

(b) Certain Documents. The Administrative Agent shall have received an executed Lender
Consent executed by each of the Term Loan Lenders (including any Term Loan Lender that purchased
its Term Loans from a Non-Consenting Lender on or after June 30, 2006);

(c) Representations and Warranties. Each of the representations and warranties contained in
Article IV (Representations and Warranties) of the Credit Agreement, the other Loan Documents or in
any certificate, document or financial or other statement furnished at any time under or in
connection therewith are true and correct in all material respects on and as of the Facility
Repricing Effective Date, in each case as if made on and as of such date and except to the extent
that such representations and warranties specifically relate to a specific date, in which case such
representations and warranties shall be true and correct in all material respects as of such
specific date; provided, however, that references therein to the “Credit Agreement” shall be deemed
to refer to the Credit Agreement as amended by this Amendment;

(d) No Default or Event of Default. After giving effect to this Amendment, no Default or
Event of Default shall have occurred and be continuing, on the Facility Repricing Amendment
Effective Date; and

(e) Fees and Expenses Paid. The Borrower shall have paid the fees and made the payments
described in clause (a) of Section 5 (Fees and Expenses) hereof.

Section 4. Representations and Warranties

On and as of the Amendment No. 1 Effective Date and the Facility Repricing Effective Date,
after giving effect to this Amendment, the Borrower hereby represents and warrants to the
Administrative Agent and each Lender as follows:

(a) this Amendment and the Guarantor Consents have been duly authorized, executed and
delivered by the Borrower and each Guarantor, as applicable, and constitutes a legal, valid and
binding obligation of the Borrower and each Guarantor, as applicable, enforceable against the
Borrower and each Guarantor, as applicable, in accordance with their terms and the Credit Agreement
as amended by this Amendment, constitutes the legal, valid and binding obligation of the Borrower
enforceable against the Borrower in accordance with its terms;

(b) no Default or Event of Default has occurred and is continuing; and

(c) no litigation has been commenced against any Loan Party or any of its Subsidiaries seeking
to restrain or enjoin (whether temporarily, preliminarily or permanently) the performance of any
action by any Loan Party required or contemplated by this Amendment, the Credit Agreement or any
Loan Document, in each case as amended hereby (if applicable).

Section 5. Fees and Expenses

(a) As consideration for the execution of this Amendment, the Borrower and each other Loan
Party jointly and severally agrees (i) to pay to the Administrative Agent for the account of each
Term Loan Lender for which the Administrative Agent shall have received (by facsimile or otherwise)
an executed Lender Consent (or a release from escrow of a Lender Consent previously delivered in
escrow) for this Amendment by 12:00 noon (New York Time) on June 30, 2006, a fee equal to 2% of the
principal amount of such Term Loan Lender’s Term Loans then outstanding (but excluding the
principal amount of any Term Loans purchased from a Non-Consenting Lender pursuant to Section
11.1(c) of the Credit Agreement in connection with this Amendment) and (ii) to pay to the
Administrative Agent for the account of each Non-Consenting Lender for which the Administrative
Agent shall not have received (by facsimile or otherwise) an executed Lender Consent (or a release
from escrow of a Lender Consent previously delivered in escrow) for this Amendment by 12:00 noon
(New York Time) on June 30, 2006, the Applicable Prepayment Fee (without giving effect to the
amendment to such term contained in Section 1(B) of this Amendment) payable to such Lender in
connection with the sale by such Lender of its Term Loans then outstanding in accordance with
Section 11.1(c) of the Credit Agreement (it being understood that such fee shall equal 2% of the
principal amount of such Non-Consenting Lender’s Term Loans then outstanding).

(b) The Borrower and each other Loan Party agrees to pay on demand in accordance with the
terms of Section 11.3 (Costs and Expenses) of the Credit Agreement all costs and expenses of the
Administrative Agent in connection with the preparation, reproduction, execution and delivery of
this Amendment and all other Loan Documents entered into in connection herewith (including, without
limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent
with respect thereto).

Section 6. Reference to the Effect on the Loan Documents

(a) Each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,”
“herein,” or words of like import, and each reference in the other Loan Documents to the Credit
Agreement (including, without limitation, by means of words like “thereunder”, “thereof” and words
of like import), shall mean and be a reference to the Credit Agreement as amended hereby, and this
Amendment and the Credit Agreement shall be read together and construed as a single instrument.
Each of the table of contents and lists of Exhibits and Schedules of the Credit Agreement shall be
amended to reflect the changes made in this Amendment as of the Amendment No. 1 Effective Date, and
the Facility Repricing Effective Date, as applicable.

(b) Except as expressly amended hereby, all of the terms and provisions of the Credit
Agreement and all other Loan Documents are and shall remain in full force and effect and are hereby
ratified and confirmed.

(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly
provided herein, operate as a waiver of any right, power or remedy of the Lenders, Issuers or the
Administrative Agent under any of the Loan Documents, nor constitute a waiver or amendment of any
other provision of any of the Loan Documents or for any purpose except as expressly set forth
herein.

(d) This Amendment is a Loan Document.

Section 7. Validity of Obligations and Liens

(a) The Borrower acknowledges and agrees that (i) the Borrower is truly and justly indebted to
the Lenders and the Administrative Agent for the Obligations, without defense, counterclaim or
offset of any kind, and the Borrower ratifies and reaffirms the validity, enforceability and
binding nature of such Obligations and (ii) the Borrower has no claim, right or cause of action of
any kind against any Lender, the Administrative Agent or any of such Lender’s or the Administrative
Agent’s present or former subsidiaries, Affiliates, officers, directors, employees, attorneys or
other representatives or agents in connection with the Obligations, the Credit Agreement and the
other Loan Documents, or the transactions contemplated hereby or thereby.

(b) The Borrower ratifies and reaffirms the validity and enforceability (without defense,
counterclaim or offset of any kind) of the Liens and security interests granted to secure any of
the Obligations by the Borrower to the Administrative Agent, for the benefit of the Lenders,
pursuant to the Collateral Documents. The Borrower hereby represents and warrants to the
Administrative Agent and the Lenders that, pursuant to the Collateral Documents, the Obligations
are secured by liens on and security interests in all of the Borrower’s assets to the extent
required by the Collateral Documents.

Section 8. Execution in Counterparts

This Amendment may be executed in any number of counterparts and by different parties in
separate counterparts, each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement. Signature pages may be detached
from multiple separate counterparts and attached to a single counterpart so that all signature
pages are attached to the same document. Delivery of an executed counterpart by telecopy shall be
effective as delivery of a manually executed counterpart of this Amendment.

Section 9. Governing Law

This Amendment shall be governed by and construed in accordance with the law of the State of
New York.

Section 10. Section Titles

The section titles contained in this Amendment are and shall be without substantive meaning or
content of any kind whatsoever and are not a part of the agreement between the parties hereto,
except when used to reference a section. Any reference to the number of a clause, sub-clause or
subsection of any Loan Document immediately followed by a reference in parenthesis to the title of
the section of such Loan Document containing such clause, sub-clause or subsection is a reference
to such clause, sub-clause or subsection and not to the entire section; provided, however, that, in
case of direct conflict between the reference to the title and the reference to the number of such
section, the reference to the title shall govern absent manifest error. If any reference to the
number of a section (but not to any clause, sub-clause or subsection thereof) of any Loan Document
is followed immediately by a reference in parenthesis to the title of a section of any Loan
Document, the title reference shall govern in case of direct conflict absent manifest error.

Section 11. Notices

All communications and notices hereunder shall be given as provided in the Credit Agreement
or, as the case may be, the Guaranty.

Section 12. Severability

The fact that any term or provision of this Amendment is held invalid, illegal or
unenforceable as to any person in any situation in any jurisdiction shall not affect the validity,
enforceability or legality of the remaining terms or provisions hereof or the validity,
enforceability or legality of such offending term or provision in any other situation or
jurisdiction or as applied to any person.

Section 13. Successors

The terms of this Amendment shall be binding upon, and shall inure to the benefit of, the
parties hereto and their respective successors and assigns.

Section 14. Waiver of Jury Trial

Each of the parties hereto irrevocably waives trial by jury in any action or proceeding with
respect to this Amendment or any other Loan Document.

[Signature Pages Follow]

1

In Witness Whereof, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized, as of the date first written
above.

	 	 	 
	Knology, Inc.,
as Borrower

	 
	 	 
	By:

	 	/s/ M. Todd Holt
	
 
	 	 
	
 
	 	Name: M. Todd Holt

Title: Chief Financial Officer
	 
	 	 

2

	 	 	 
	Credit Suisse, Cayman Islands Branch,
	as Administrative Agent
	By:	 	/s/ David Dodd
	 	 	Name: David Dodd
	 	 	Title: Vice President
	BBy:	 	/s/ Mikhail Faybusovich
	 	 	Name: Mikhail Faybusovich
	 	 	Title: Associate

3

EXHIBIT A

FORM OF CONSENT AND AGREEMENT OF GUARANTORS

The undersigned hereby consents to Amendment No. 1 to First Lien Credit Agreement, dated as of
the date hereof (“Amendment No. 1”; capitalized terms used herein but not defined herein are used
with the meanings given them in Amendment No. 1), entered into among Knology, Inc., a
Delaware corporation (the “Borrower”), and Credit Suisse, Cayman Islands Branch, as Administrative
Agent on behalf of each Lender executing a Lender Consent.

The undersigned further agrees that the terms of Amendment No. 1 shall not affect in any way
its obligations and liabilities under the Loan Documents (as amended and otherwise expressly
modified by Amendment No. 1), all of which obligations and liabilities shall remain in full force
and effect and each of which is hereby reaffirmed.

The undersigned ratifies and reaffirms the validity and enforceability (without defense,
counterclaim or offset of any kind) of the Liens and security interests granted to secure any of
the Secured Obligations by the undersigned to the Administrative Agent, for the benefit of the
Lenders, pursuant to the Collateral Documents. The undersigned hereby represents and warrants to
the Administrative Agent and the Lenders that, pursuant to the Collateral Documents, the Secured
Obligations are secured by liens on and security interests in all of the undersigned’s assets to
the extent required by the Collateral Documents.

This Consent and Agreement may be executed in any number of counterparts and by different
parties in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same consent. Signature pages may be
detached from multiple separate counterparts and attached to a single counterpart so that all
signature pages are attached to the same document. Delivery of an executed counterpart by telecopy
shall be effective as delivery of a manually executed counterpart of this Consent and Agreement.
Notices to parties hereto shall be given as provided in Amendment No. 1.

The terms of this Consent and Agreement shall be binding upon, and shall inure to the benefit
of, the parties hereto and their respective successors and assigns.

This Consent and Agreement shall be governed by and construed in accordance with the law of
the State of New York.

[Signature Page Follows]

4

In witness whereof, the undersigned has caused this Consent and Agreement to be duly
executed and delivered as of June 30, 2006.

	 
	 

	GUARANTORS:

	 

	Knology of Knoxville, Inc.

Knology of Nashville, Inc.

Knology of Louisville, inc.

Knology of Kentucky, Inc.

Knology Broadband, Inc.

Knology New Media, Inc.

Knology Broadband of California, Inc.

Knology Broadband of Florida, Inc.

ITC Globe, Inc.

Knology of Augusta, Inc.

Knology of Columbus, Inc.

Knology of Montgomery, Inc.

Knology of Florida, Inc.

Knology of South Carolina, Inc.

Knology of Charleston, Inc.

Knology of Huntsville, Inc.

Knology of Alabama, Inc.

Valley Telephone Co. LLC

Interstate Telephone Company

Knology of Georgia, Inc.

Globe Telecommunications, Inc.

Knology of Tennessee, Inc.,

each as Guarantor

By:      

	 

	Name:

	Title:

	 

5

Acknowledged and Agreed

as of the date first above written:

Credit Suisse, Cayman Islands Branch,

as Administrative Agent

	 	 	 	 	 
	By:
	 	 	________________	 
	 
	 	 	 	 
	   Name:

	   Title:

6

EXHIBIT B

Form of Consent of Lenders

to

Amendment No. 1 to First Lien Credit Agreement

Each of the undersigned is a Lender or Issuer party to the First Lien Credit Agreement, dated
as of June 29, 2005 (as the same may be amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”; capitalized terms not otherwise defined herein shall have the
meaning ascribed to them in the Credit Agreement), among Knology, Inc. as Borrower, the
Lenders and Issuers party thereto, Credit Suisse, Cayman Island Branch (“CSFB”), as
administrative agent for the Lenders, (in such capacity, the “Administrative Agent”) and as agent
for the Secured Parties under the Collateral Documents (in such capacity, the “Collateral Agent”).

Each of the undersigned hereby consents, pursuant to and in accordance with Section 11.1
(Amendments, Waivers, Etc.) of the Credit Agreement, to the amendments and other terms of Amendment
No. 1 to the Credit Agreement, dated as of June      , 2006 (“Amendment No. 1”) and acknowledges and
agrees to be bound by the terms of Amendment No. 1 and that the terms of Amendment No. 1 shall not
affect its obligations and liabilities as a Lender under the Loan Documents (other than as
expressly described in Amendment No. 1), that all of such obligations and liabilities remain in
full force and effect and are hereby reaffirmed.

This consent may be executed in any number of counterparts and by different parties in
separate counterparts, each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same consent. Signature pages may be detached
from multiple separate counterparts and attached to a single counterpart so that all signature
pages are attached to the same document. Delivery of an executed counterpart by telecopy shall be
effective as delivery of a manually executed counterpart of this consent. Notices to parties
hereto shall be given as provided in Amendment No. 1.

The terms of this consent shall be binding upon, and shall inure to the benefit of, the
parties hereto and their respective successors and assigns.

This consent shall be governed by and construed in accordance with the law of the State of New
York.

Dated as of June      , 2006.

[Signature Pages Follow]

7

	 	 	 	Lenders:

	 	 	 	By:

Name:

Title:

8

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